The Trump administration will try to send cash payments directly to Americans.
As the coronavirus pandemic brought large parts of the economy to a standstill, more and more people lost their jobs, and markets shook, the White House, Congress, and the Federal Reserve began to take steps to help people and businesses .
In a briefing on Tuesday, Treasury Secretary Steven Mnuchin said the government will speak to Congress about sending cash to Americans in the next two weeks to cushion the economic blow to the corona virus. “The president instructed me to do it now,” he said.
Mr Mnuchin said that this Trump administration currently prefers to make direct payments to Americans to get their hands on cash rather than push for a drop in payroll taxes that would take months to reach people.
He also said that President Trump had instructed him to allow deferral of tax payments, interest-free and unpunished, for 90 days. People can defer up to $ 1 million and companies can defer payments up to $ 10 million. The finance minister said this would bring the economy $ 300 billion. He said that people who can now file their taxes should do so because many refunds are received.
Mr. Trump announced an increase in Medicare patient access to telemedicine options, adding that the government would not enforce HIPAA penalties, a suggestion that federal government protection to protect patient confidential health information could become more permeable as the outbreak progressed .
Mr Trump said his government is also working to extend the tests and prepare to ask Congress to give additional stimulus of around $ 850 billion to support the economy.
“Today, the Senate passed the Corona Virus Act, which includes free testing for those who need it,” Trump said, adding that he instructed Mr. Mnuchin to meet with senators about the additional stimulus package. “There is an enormous spirit.”
“We want to have a big infusion instead of holding small meetings every few days,” Trump said of his government’s request for help to Congress. “We are growing up, and it will be that way.”
Under pressure from his government to increase the number of tests available to the American public, Mr. Trump announced Monday a development to the Food and Drug Administration that approved the states to approve tests that were not governmental but governmental . “All states can approve, in addition to the FDA, tests that are developed and used within their borders,” Trump said.
The Trump administration also supports the call for economic relief to the aviation industry of $ 50 billion as part of the broader package. The industry lobby group made the public request Ask for grants, loan guarantees and tax breaks on Monday. The administration is also considering ways to support the cruise industry.
In the meeting room, the president repeated an earlier request to the Americans not to stock up on food supplies and re-outlined the guidelines his government had issued on Monday. This includes that they don’t gather in groups over 10 and, if possible, work from home.
“Through victimization and temporary changes, we can protect the health of our people and our economy,” said Trump. “I think our economy will return quickly. If we do it right, our country and the world are open, but our country can roll again pretty quickly. “
And the Federal Reserve announced Tuesday that it would try to maintain credit flow to households and businesses by buying commercial paper, short-term promissory notes that finance businesses.
The program, which was adopted using the Fed’s credit approval powers, draws a page from the central bank’s financial crisis playbook. In order to put it into practice, Mr. Mnuchin had to be deregistered. The Treasury will grant the Fed $ 10 billion in credit protection through the Treasury’s Exchange Stabilization Fund.
“Commercial paper markets directly finance a wide range of economic activities,” the Fed said in a statement, noting that it “provides loans and finance for auto loans and mortgages and liquidity to meet the operational needs of a number of companies. “
“This Fed facility ensures that companies receive the funding overnight that they need to meet short-term commitments, such as payroll,” said Erncore Tedeschi, political economist at Evercore ISI, apparently calling it “a positive move.” “The thing is that it took them so long,” he said.
Congress continued to meet, but business was closed and entire cities were virtually closed. Some lawmakers have started warning against a business-as-usual approach if the outbreak spreads. But Kentucky Senator Mitch McConnell, the majority leader, said Tuesday that he had no plans to allow his members to work from home soon.
“I intend not to adjourn the Senate until we have taken significant and courageous new steps beyond what the House has done to help our strong nation and our strong underlying economy survive this storm,” he said.
Previously, a group of Senate Democrats, led by Michael Bennet from Colorado, Cory Booker from New Jersey and Sherrod Brown from Ohio, had proposed laws to send up to $ 4,500 to almost every adult and child in the US this year a sustainable government income support program to address the economic slowdown caused by coronavirus.
In the United States and around the world, restrictions tighten when leaders face a new reality.
There were more than seven million residents in the San Francisco Bay Area ordered to largely confine themselves to their homesand joined Italy, Spain, France and China.
“It’s bad,” President Trump admitted when financial markets recovered and economists warned of a steep recession that may already be underway.
“We are at war“President Emmanuel Macron of France told his people.
The enemy is invisible and insidious and gathers strength from the bonds of human connection. As a result, public health officials have urged people around the world to break these ties.
While nations, states and localities offered different restrictions with different levels of enforcement, the message merged into one simple, if daunting, challenge: keep your distance.
In the United States, the Trump administration warned of gatherings of more than 10 people and urged citizens to work from home if possible and avoid unnecessary travel. Bars and restaurants should be avoided or closed in areas where the virus spread quickly.
The Guidelines apply for the next 15 daysPresident Trump warned, however, that restrictions would become stricter and could continue well into the summer. For example, while the infection rate in China has declined sharply, many of the strict movement restrictions that apply there still exist after more than six weeks.
The intensified action in the United States was partly driven by a report by British researchers Warning that 2.2 million people could die in the country in the absence of strong government and individual measures to slow the spread of the virus.
New Jersey residents were asked not to leave their homes after 8 p.m. until 5 a.m. A curfew for New York City is under consideration.
In Italy the scale of the epidemic obviously in the bodies left behind. With the oldest population in Europe, the country has suffered more than 2,100 deaths, and hospitals and morgues are flooded.
The European Union proposed closing the block for 30 days of unnecessary travel from other countries – an urgent attempt to keep internal borders as open as possible to promote European solidarity. But on Tuesday, the nations within the block continued to isolate themselves from their neighbors.
After another devastating day on Wall Street on Monday The Asian markets stabilized on Tuesday. However, fears that the crisis could lead to a recession increased. The oil price fell below $ 30 a barrel, its lowest level in four years.
Around the worldAround 180,000 cases have been reported. More than 7,000 people have died. But more than 80,000 people have recovered.
Wall Street is attempting an upswing and Congress is considering direct support for individuals.
Stocks were unstable on Tuesday, when Wall Street tried to recover from its sharpest decline since the Corona virus outbreak, while investors were waiting for lawmakers to act to protect the economy from a recession that may have already started.
Early gains eased quickly, and the S&P 500 fell into negative territory shortly after trading began. The stock benchmarks in Europe were mostly lower on Tuesday.
The S&P 500 fell 12 percent on Monday. It was also the largest drop since the 1987 stock market crash.
Financial markets fluctuated as investors drastically lowered their expectations of the economy and turned to the White House and Congress to help businesses and workers at risk of corona virus pandemic efforts.
There are few historical parallels to the shock waves caused by the eruption. From still closed factories in China to western countries where millions of people live in a state of semi-detention, most of the engines that keep the global economy in the air have come to a standstill at the same time.
So far, the biggest moves have come from the Federal Reserve, which has cut rates to near zero and announced other immediate measures to ensure that the financial system continues to function.
But the Fed hasn’t calmed investors’ nerves, and Washington has not yet approved a large-scale support plan.
“The Fed has many tools in its toolkit. A vaccine is not one of them, ”said Rick Rieder, chief investment officer for global fixed income at BlackRock. “And I think the markets are realizing that it will be uncertain for a while.”
Treasury Secretary Steven Mnuchin Republican senators are expected to pitch for additional fiscal firepower on Tuesday. The Trump administration is preparing to demand additional stimulus of approximately $ 850 billion to support the economy.
Outgoing White House chief of staff Mick Mulvaney is in self-quarantine.
Mick Mulvaney, the outgoing chief of staff of the White House, is in self-quarantine in his home state of South Carolina after his niece, with whom he shares an apartment in Washington, has fallen ill and, according to four people, is waiting for test results to become familiar with the matter.
Mr. Mulvaney tested the corona virus last week and the results were negative, according to one of the people familiar with the matter. But the results of the test that his niece Maggie took are not yet back, the person said.
Mr. Mulvaney’s niece is a professional fundraiser who works on a team led by Kimberly Guilfoyle, head of Trump Victory Finance. Ms. Mulvaney, Ms. Guilfoyle, and others were all in President Trump’s private club at Mar-a-Lago over the weekend of March 6 for a number of events, including a fundraising retreat from the Republican National Committee and Ms. Guilfoyle’s 50th birthday party .
The same weekend, Brazilian President Jair Bolsonaro dined with Mr. Trump. One of Mr. Bolsonaro’s employees has since tested positive for coronavirus.
Ms. Mulvaney fell ill shortly after her return from the weekend, according to three of the people who had been informed of the matter. She was tested for the virus early last week, but the results have still not come back, people familiar with the matter said.
Ms. Mulvaney and people around her had hoped to avoid making their illness a story until they knew the results. But senior White House officials said Tuesday that Mr. Mulvaney was in self-quarantine.
The vote will take place in Florida, Illinois and Arizona, but not in Ohio.
Voters did not go to the Ohio election on Tuesday, where The presidential primaries have been postponed after government officials declared a public health emergency – but the primaries in Arizona, Florida and Illinois went ahead as planned.
And Maryland was the fifth state to postpone its primaries to prevent the spread of the corona virus: Governor Larry Hogan announced on Tuesday that the April 28 primaries would instead take place on June 2.
In states that have held their elections – even after the White House asked people to avoid gatherings of more than 10 people – officials have taken steps to ensure the security of voters and election workers. In Arizona, some districts offered a roadside pickup outside of the districts on Tuesday, so voters could cast their ballots without having to enter crowded polling stations.
Elections were not the only long-planned event that was stirred up by the outbreak.
The St. Patrick’s Day parades in New York City, Boston and Dublin were also canceled on Tuesday. In Ireland, people were encouraged to celebrate the day virtually on social media with the hashtag #StPatricksDayTogether. Bars and pubs in all three cities were closed to curb the spread of the disease and close it on one of the most traditionally busy days of the year.
New York City views curfews as a restriction of public life.
After the closure of the New York City public school system, parents sought childcare. Bar and restaurant owners were worried about how they could survive, what could be weeks or even months of closure. One cultural institution after the other has closed steadily. And like the rest of the nation, people are still swaying from the rapid changes in their daily lives that were prepared for the more difficult days on Tuesday.
Mayor Bill de Blasio of New York City said people should expect “several months” of hardship.
The mayor, who appeared on CNN on Tuesday morning, urged the federal government to provide money to people whose livelihoods are directly or indirectly affected by the virus.
He continued to compare the situation with the global economic crisis.
“The federal government must put money back in the hands of the people,” said the mayor. “We need direct income replacement at this point.”
For government officials, it was a duel: slowing the spread of the virus – New York City was considering a curfew that reflected New Jersey, asking residents not to leave their homes after 8 p.m. until 5 a.m. – and prepare hospitals for a likely increase in patients in urgent need of care.
Mr de Blasio said the city is in the hurry to add more hospital beds.
By canceling electoral operations and the faster discharge of patients from hospitals, the city could release about 7,000 patient beds, said the mayor. An additional 1,200 to 1,300 beds could be added by taking up unused space in hospitals and converting a newly built nursing home in Brooklyn that was not yet occupied.
European countries are accelerating their relief efforts as the number of deaths and the number of bans increases.
When the clocks in France were on Tuesday noon, the country’s interior minister ordered the French to keep their movements to a strict minimum.
“Staying at home today and in the coming days means saving lives,” said Minister Christophe Castaner at a press conference. “Behind every handshake, every kiss, every group meeting there are more victims, there are more deaths.”
Mr. Castaner said the fine for violating the new rules would start at around $ 42, but would quickly increase to $ 150.
However, there were still signs that not everyone was following government orders. Before the midday period expires, Crowds stormed some supermarkets to fill, although there are no plans to close grocery stores in the near future. And in some market streetsFew seemed to respect the rules of distance.
The French government also announced an aid package that would include tax deferral or cut, a state guarantee for corporate loans, and more than $ 1.1 billion for small businesses and independent contractors.
The virus continued to bother governments from within.
After Polish Environment Minister Michal Wos tested positive for coronavirus on Monday, 15 government officials who have been in contact with him in the past few days have been quarantined and are awaiting test results, most of which have been negative.
While countries around the world continue to tighten borders, Germany is racing to bring thousands of its citizens home, even if the nation has difficulty in gaining control of the corona virus within its borders.
The government there spends more than $ 55 million on logistics and flights to bring its citizens home as nations tighten their borders and travel of all kinds becomes extremely difficult.
The situation in Spain continued to deteriorate and both new cases and deaths continued to increase. At least 491 people have died in the country and there have been 11,178 confirmed cases.
The nation was thrilled by the death of Spain’s youngest known victim, Francisco García (21).
Mr. García, a football coach from Malaga, did not know that he had an underlying illness when he went to the hospital. But he was soon hit by a double dose of bad news.
He was infected with coronavirus and had leukemia. He died on Sunday.
The Trump administration turns itself on.
Infighting, lawn wars, and a president who is more concerned with the stock market and media coverage than politics have defined Trump’s White House. You also defined how it did treated a pandemic.
The White House culture that President Trump has nurtured for more than three years has shaped his government’s response to a deadly pandemic that is causing turmoil in his presidency and the rest of the country.
All of this explains how Mr. Trump was able to announce that he would fire his current chief of staff as the crisis worsened, creating even less clarity in an already broken chain of command. And it was a major factor in the President’s reluctance to even recognize an impending crisis for fear of shaking the financial markets that serve as his political weathervane.
Mr. Trump has denied repeated warnings to rely on experts or to neutralize some of his son-in-law Jared Kushner’s power in favor of a traditional personnel structure. He has rarely fully empowered people in their jobs.
“Part of it is that President Trump is Donald J. Trump, the same guy he always was, and part of it is a government that he has now shaped in his image instead of having a government as was traditional to serve the chief executive and take on the role of governing the country, ”said David Lapan, former spokesman for the Department of Homeland Security and the Pentagon and former adjutant to one of Mr. Trump’s former chiefs of staff, John F. Kelly .
Tom Hanks and Rita Wilson are released from the hospital.
Actors Tom Hanks and his wife Rita Wilson have been released from an Australian hospital and remain in self-isolation after treatment for Covid-19, a coronavirus disease, their son said in a video on Monday.
“They are obviously still quarantined, but they feel much better, which is a relief,” said her son Chet Hanks in one Video posted on Instagram.
Mr. Hanks and Mrs. Wilson, both 63, said They had tested positive for the corona virus last Wednesday. Mr. Hanks was in Australia and made a film about the life of Elvis Presley.
Mr. Hanks, best known for his twists in films such as “Saving Private Ryan” and “Forrest Gump”, is the best-known celebrity who has contracted the virus.
“We felt a bit tired as if we had colds and some body aches,” said Hanks last week. “We Hankses are tested, observed and isolated as long as public health and safety so require.”
Since then, a number of public figures have said they have tested positive for the virus, including actor Idris Elba and Iranian Vice President Masoumeh Ebtekar.
A representative of the couple said they would remain in self-quarantine in a rented house in northeastern Queensland.
Australia has experienced a rapid rise in the coronavirus Cases. By Tuesday, 375 people had tested positive, including Peter Dutton, the country’s interior minister.
What is social distancing? And how do you do that?
There are many misunderstandings about social distancing. Can you leave home Can you go to the supermarket We have put together some helpful safety tips.
China’s foreign ministry was outraged on Tuesday when asked a tweet from President Trump describes the epidemic as a “Chinese virus”.
“The World Health Organization and the international community are clearly opposed to associating the virus with certain countries and regions and not to stigmatize it,” said a spokesman, Geng Shuang, without mentioning Mr. Trump. “We urge the US side to correct their mistakes immediately and to end their unjustified accusations against China immediately.”
Last week, another spokesman, Zhao Lijian, further deteriorated relations with the United States when he a Conspiracy theory that the U.S. Army may have been the source of the virus, although there is no evidence.
The State Department announced on Monday that Secretary of State Mike Pompeo Yang Jiechi, director of the Chinese Communist Party’s Foreign Affairs Office, had called to complain about Mr. Zhao’s behavior. Mr. Pompeo has repeatedly referred to the coronavirus as “Wuhan virus”, but the department’s statement did not. It refers to the disease that causes the coronavirus under its official name Covid-19.
Seven California counties command residents to seek “local protection.”
Were residents of seven counties in Northern California ordered “protection on site” for three weeks from Tuesday to slow the spread of the coronavirus. You have been instructed to stay at home for essential reasons, including food purchases and pet care.
The measures are the most restrictive in the country and were part of a broader call on Americans to limit their interactions with each other.
Although relatively few Americans have been tested for coronavirus, more than 4,400 people have tested positive and at least 86 have died.
The news from officials was that the virus would spread further. Scientists who tracked the spread of the virus reported that for every confirmed case, there are likely to be another five to ten people with undetected infections.
California, America’s most populous state with an economy larger than that of the United Kingdom, has been remarkably resilient since the Great Recession, fueled by technology, agriculture, and Hollywood. No one knows how far the number of viruses will increase, but California is already one of the most affected countries and is one of the most lost places.
The shelter-in-place ordinance comes into effect on Tuesday and is expected to disrupt the lives of millions of residents in the Alameda, Contra Costa, Marin, San Francisco, San Mateo, Santa Clara and Santa Cruz counties.
The Greek government orders the service to be suspended as concerns about migrants huddled in camps increase.
In the past week, Greece has closed schools, cafes, bars and restaurants. When the Greeks climbed the country’s beaches, the government also closed them. Most shops will close from Wednesday.
But for days, the leaders of the Greek Orthodox Church resisted calls to stop serving. As a result, the government was forced to take action despite the risk of challenging a powerful institution that is deeply connected to the nation’s self-confidence.
Prime Minister Kyriakos Mitsotakis said there was no choice. “Protecting public health requires clear decisions,” he wrote on Twitter.
In Greece, four deaths were attributed to the corona virus. The number of confirmed infections on Monday was 352, with cases concentrated in Athens.
Beyond the capital, there was growing concern about a possible outbreak of the coronavirus in camps on the five Aegean islands, where around 50,000 migrants live in overcrowded conditions.
A 6-year-old girl died on Monday when a fire broke out in the notoriously cramped Moria camp in Lesbos.
MSF, known under the French acronym MSF, called for the evacuation of the residents of the camps, in which entire families are closely linked.
The international medical humanitarian organization warned that the risk of the virus spreading is extremely high due to the lack of sanitary facilities and limited medical care.
Almost two months after a coronavirus outbreak in central China escalated into a national emergency, the country’s daily number of new local infections has come close to zero.
According to the Chinese National Health Commission daily, only one new locally-caused infection was reported on Monday Update of new corona virus cases. The new case was in Wuhan, the center of the outbreak.
Another 20 new cases were registered in China with overseas travelers on Monday.
In the past two weeks, the daily number of infections in China has decreased steadily since the government took drastic measures to close cities and lock hundreds of millions into their homes.
By the end of Monday, China’s total virus infection had reached 80,881. With 3,226 fatalities, the country has suffered more coronavirus deaths than any other. But Italy, a much smaller country, approached that number on Tuesday 2,470 deaths were registered.
China is already trying to get trade and industry back on track, but even if new local infections go to zero, the government is unlikely to announce full victory over the epidemic. A test is yet to come when people return to work.
Also on Tuesday, Hong Kong leader Carrie Lam said the city would need all travelers from Thursday for 14 days in the area for self-quarantine.
The coverage was provided by Michael Cooper, Katie Rogers, Karen Zraick, Steven Lee Myers, Alan Rappeport, Emily Cochrane, Melissa Eddy, Raphael Minder, Aurelien Breeden, Marc Santora, Megan Specia, Jonathan Martin, Richard C. Paddock, Maya Salam and Neil written by Vigdor, Nick Corasaniti and Stephanie Saul, Tiffany May, Patricia Cohen, Jeffrey Gettleman, Suhasini Raj, Karan Deep Singh, Kai Schultz, Niki Kitsantonis and Jim Tankersley.