S&P 500 futures are flat to start week as White House, Congress battle over coronavirus relief

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S&P 500 futures are flat to start week as White House, Congress battle over coronavirus relief
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S&P 500 futures are flat to start week as the White House and Congress battle over coronavirus relief.

U.S. stock futures were flat early Monday morning after President Donald Trump signed several executive orders aimed at extending coronavirus relief.

Those orders continue the distribution of expanded unemployment benefits, defer student loan payments through 2020,. However, the unemployment benefit will be continued at a reduced rate of $400 per week. Originally, the benefit provided workers impacted by the pandemic with $600 per week. Still, Trump's orders face a legal challenge as continuing the programs would require federal funding, which Congress controls. Democrats have insisted they will not support a bill that does not extend the $600 per week benefit.

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