President Donald Trump said Friday that he is considering executive action that would “defer student loan payments and forgive interest until further notice.”

Trump, in remarks from his New Jersey golf club, did not offer any further details about the executive action he has teased this week in response to floundering negotiations between his administration and congressional Democrats over the latest coronavirus relief package.

Following a meeting earlier Friday with Democrats, Treasury Secretary Steven Mnuchin said he would recommend that the president move ahead with the executive actions on student loans, unemployment payments and federal eviction protections.

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