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1/ The House passed the $2.2 trillion coronavirus stimulus package and Trump signed it into law. The legislation will deliver one-time direct payments of $1,200 to most taxpayers and enhance unemployment benefits. The measure also creates a $500 billion lending program for businesses, cities and states, and a $367 billion fund for small businesses. The package was approved by voice vote after a Republican lawmaker attempted to delay the approval and force lawmakers to return to Washington in order to assemble the 216 members needed for a quorum. Trump attacked Rep. Thomas Massie in a series of tweets, calling him a “third rate grandstander� and suggesting that Republican leaders “throw� him out of the party. The size of the stimulus package, along with Federal Reserve actions, will amount to an injection of about $6 trillion into the economy – or about 30% of annual gross domestic product. “We got hit by the invisible enemy and we got hit hard,� Trump said before signing the bill. “I think we are going to have a tremendous rebound.� (Washington Post / New York Times / Politico / CNBC / Vox / CNN / NBC News / The Guardian / ABC News / CBS News / Bloomberg / Wall Street Journal)
Confirmed COVID-19 cases in the U.S. surpassed 100,000 – doubling in just three days. (CNBC)
The World Health Organization enrolled the first patients in test treatments for the coronavirus in Norway and Spain. Health officials are testing four drugs to fight COVID-19, including malaria medications chloroquine and hydroxychloroquine, an antiviral compound called Remdesivir, a combination of HIV drugs Lopinavir and Ritonavir, and a combination of those drugs plus interferon-beta. (CNBC)
Doctors in New York will try to treat patients with COVID-19 with plasma infusions from people who have recovered after the Food and Drug Administration approved the experimental use of plasma on an emergency basis to treat coronavirus patients. (New York Times / Washington Post)
Britain’s Prime Minister Boris Johnson tested positive for the...
By Matt Kiser4.9
448448 ratings
1/ The House passed the $2.2 trillion coronavirus stimulus package and Trump signed it into law. The legislation will deliver one-time direct payments of $1,200 to most taxpayers and enhance unemployment benefits. The measure also creates a $500 billion lending program for businesses, cities and states, and a $367 billion fund for small businesses. The package was approved by voice vote after a Republican lawmaker attempted to delay the approval and force lawmakers to return to Washington in order to assemble the 216 members needed for a quorum. Trump attacked Rep. Thomas Massie in a series of tweets, calling him a “third rate grandstander� and suggesting that Republican leaders “throw� him out of the party. The size of the stimulus package, along with Federal Reserve actions, will amount to an injection of about $6 trillion into the economy – or about 30% of annual gross domestic product. “We got hit by the invisible enemy and we got hit hard,� Trump said before signing the bill. “I think we are going to have a tremendous rebound.� (Washington Post / New York Times / Politico / CNBC / Vox / CNN / NBC News / The Guardian / ABC News / CBS News / Bloomberg / Wall Street Journal)
Confirmed COVID-19 cases in the U.S. surpassed 100,000 – doubling in just three days. (CNBC)
The World Health Organization enrolled the first patients in test treatments for the coronavirus in Norway and Spain. Health officials are testing four drugs to fight COVID-19, including malaria medications chloroquine and hydroxychloroquine, an antiviral compound called Remdesivir, a combination of HIV drugs Lopinavir and Ritonavir, and a combination of those drugs plus interferon-beta. (CNBC)
Doctors in New York will try to treat patients with COVID-19 with plasma infusions from people who have recovered after the Food and Drug Administration approved the experimental use of plasma on an emergency basis to treat coronavirus patients. (New York Times / Washington Post)
Britain’s Prime Minister Boris Johnson tested positive for the...

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