US Presidency
2020

They were totally opposed to that. For this reason, I’m taking action to provide an additional or an extra $400 per week in expanded benefits: $400. Okay? So, that’s generous, but we want to take care of our people. Again, it wasn’t their fault; it was China’s fault. States will be asked to cover 25 percent of the cost using existing funding, such as the tens of billions of dollars available to them through the Coronavirus Relief Fund. Under this plan, states will be able to offer greater benefits if they so choose, and the federal government will cover 75 percent of the cost. So we’re all set up. It’s $400 per week. And we’re doing that without the Democrats. We should have been able to do it very easily with them, but they want all of these additional things that have nothing to do with helping people. Fourth, I am signing a directive providing relief to student loan borrowers. Earlier this year, we slashed student loan interest rates to zero.