If a stimulus package doesn’t go through soon, here’s what Biden can do.

When it comes The highly controversial stimulus bill is still under discussion Among the top leaders of the country, the best position is after that Negotiations lasted six months, An stimulus package passes before the end of 2020. If a deal is passed before the President-elect Joe Biden. He has been sworn in on January 20, The incoming president has some tools to meet the most important needs.

It is Congress that has invested with the sole authority to pass new laws on the federal budget like the authority Second stimulus check And Check out the big unemployment. But in limited circumstances, the sitting president may use an executive order or memo to make temporary rules. Like President Donald Trump, Biden can do this in the worst case scenario Done in August, While Congress was waiting for the big package to work.

(There’s more here Biden’s excitement plan, Which may include Another $ 1,200 check. Here’s what happens if the bill passes Without another direct payment.)

Stick around what kind of stimulus Biden can bring through an executive order alone. For more on the second round of direct payments, here it is While another stimulus check may come, How much Money can bring it Of your niche, and How qualifications can change In the second round. This story was recently updated.

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Biden could temporarily renew additional unemployment benefits

Biden is Outline its own economic stimulus plan An extension Weekly unemployment bonus Authorized under Cares Act. Trump signed an order extending unemployment benefits to a lower weekly level in August before the July 31 deadline. because Congress has the power to spend Not the president, Biden will need to find a source of funding for aid, as Trump did in August Gust when he used unused FEMA money for his expansion.

(Treasury Secretary Steven Munuchi cut off another source of funding for Biden’s potential executive action that was available to the Federal Reserve to use emergency financing, while requesting the Fed to return unused funds from the program to the Fed.)

Increasing the minimum wage, starting with federal contractors

During Biden’s campaign, the incoming president talked of raising the federal minimum wage by $ 15 an hour, from. 2.25 an hour. Without congressional support, Biden would not raise the federal minimum wage, but would be able to participate in it by raising workers’ minimum wages on a federal contract.

According to Heidi Shearerholz, a senior economist and policy director at the Institute for Economic Policy, Biden could increase this by an executive order. Shearerholes estimates the hourly increase could affect the salaries of 5 million workers.

Without interest, suspend student loan payments

With a delay for the repayment of the student-loan ending on 31 December With the remaining COVID-19 relief defenses, Biden could Follow the steps Trump took last summer And extend the moratorium to 2021. This means that students can defer to 2021 by proceeding to repay the loan.

With the short-term fix, Biden may also focus on waiving student loans, based on a plan he outlined in Emergency Save to Eq., Where he proposed canceling at least 10,000 cancels for federal student loans. .

Detention on unpaid rent

If Congress does not catch the boycotts first Trump made a legal introduction On Dec. 1, Biden may also use an executive order to prevent landlords from firing their tenants for not paying rent during an epidemic. Tenants may be fired for other reasons.

An example set by the Trump administration is the introduction of rare legislation by disease control centers aimed at limiting the spread of the disease by keeping people away from homes and homeless shelters or by crossing state lines.

Some of what Biden will be able to complete quickly is based on the Georgia Senate run-offs, which could potentially give Democrats delicate control over the Senate if both Democratic Challengers win.

With Less than two months away from the inauguration, Here’s what we know Biden plans to support the economy, Five federal benefits ending in December As long as Congress doesn’t work, and that’s where things go Negotiations for another economic rescue bill.