Search ForexCrunch

There had not been any progress to show for the US fiscal negotiations on Thursday.

However, stocks were revitalised when in the mid-US-afternoon, there were headlines saying that Speaker Pelosi believed progress was being made helped turn markets around.

However, in recent news, the US has Senate adjourned for the week and will be out until 3 pm et Monday.

McConnell says he’s keeping the Senate in session in August for a deal on coronavirus bill, but no votes are scheduled.

Meanwhile, the US President Donald Trump said that he may act on his own Friday amid the aid-talks stalemate, according to Bloomberg reports. 

President Donald Trump said he expects to sign orders on Friday or Saturday extending enhanced unemployment benefits and imposing a payroll-tax holiday as lawmakers have been unable to reach agreement on stimulus legislation that includes those measures.  

 

Trump, speaking to reporters Thursday before leaving on a trip to Ohio, said he also expects to sign orders on eviction protection and on student loan repayment.

Unilateral action by Trump likely would set up a legal fight over presidential authority. The president made the comments after House Speaker Nancy Pelosi said talks on a new virus relief package were making progress, though the two sides still have major differences.