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The Coronavirus Aid, Relief, and Economic Security Act, [b] [1] also known as the CARES Act, [2] is a $2.2 trillion economic stimulus bill passed by the 116th U.S. Congress and signed into law by President Donald Trump on March 27, 2020, in response to the economic fallout of the COVID-19 pandemic in the United States.
From February to May, Trump continually asserted that COVID-19 would "go away". [14] [15] The CDC waited until February 25 to first warn the American public to prepare for a local outbreak of the virus. [16] In March 2020, the administration began conducting daily press briefings at the White House, [17] where Trump was the dominant speaker. [18]
Trump had previously proposed 10% tariffs across the board, but his November comments about the two U.S. allies went further. During his campaign, Trump referred to tariffs as “the most ...
The next day, April 16, the administration unveiled new federal guidelines for a three-phased approach to restoring normal commerce and services, but only for places with strong testing and seeing a decrease in COVID-19 cases. [122] President Trump suggested at a press briefing on April 23 that disinfectant injections or exposure to ultraviolet ...
The Trump administration will stop seizing wages, tax refunds, and Social Security benefits of Americans who have defaulted on their federal student loans as the new coronavirus or COVID-19 ...
The U.S. Department of Education administers federal student aid programs such as Pell Grants, direct loans and work-study programs. These initiatives help students afford to attend college and ...
Trump presided over the slowest economic growth of any U.S. president since the Second World War, partly due to the COVID-19 pandemic that triggered a brief recession and a 2.2% decline in real GDP growth in his last year. [241] [242] Prior to the pandemic, real GDP growth averaged 2.7% during the first three years of the Trump presidency. [243]
Donald Trump’s Oval Office return could mean a major rollback of efforts to relieve student debt — at least if his campaign comments and first-term record are any indicator.