President teases stimulus package to boost a US economy hit by COVID-19 fears

The president left the podium without reacting to press reporters’ questions about whether he had been evaluated for COVID-19, after reports emerged earlier today that a number of members of Congress who had satisfied with the president had actually been exposed to the illness last week at an event of national conservative leadership.

Vice President Mike Pence then outlined the current steps from the U.S. government to react to the spread of the disease while emphasizing most Americans’ danger of contracting the disease stayed low.

“The danger of contracting the coronavirus to the American public remains low and the threat of severe illness also remains low,” the vice president said yet once again.

Meanwhile, the American private health industry is working overtime to establish vaccines, treatments and diagnostic testing tools to strengthen the work being performed in national laboratories.

As more personal tools concern market, the concern will be who will ultimately bear the cost for treatment of the illness as it spreads.

Some epidemiologists compete that the U.S. stays unprepared for the seriousness of the illness’s spread, and that even an excellent circumstance implies that countless Americans will be sickened and require some sort of consultation or care.

March 8, 2020

“We’re going to be talking about hourly wage earners getting assistance so that they can be in a position where they’re not going to miss an income,” the president said. 2/2 At the same time, we must supply direct financial support to cities, states, people burdened with hardship to compensate for big expenses of strong mitigation actions and offer cities more latitude to adopt such procedures.

Just a few hours after the markets closed the books on one of its worst trading days given that the dawn of the monetary crisis, President Donald Trump and members of the coronavirus job force required to the podium in the White House press briefing room to tease a financial stimulus plan in an effort to support unstable markets.

In a quick declaration prior to journalism corps, the president hinted at a possible payroll tax cut and emergency situation support for businesses aiming to ensure that hourly employees are protected from job loss and lost incomes as social distancing becomes recommended practice in action to the spread of COVID-19.

“We’re going to be talking about hourly wage earners getting help so that they can be in a position where they’re not going to miss out on a paycheck,” the president said. “So that they don’t get penalized for something that’s not their fault.”

Trump intends to consult with agents of the Small Business Administration to develop possible loans for little organisations impacted by reaction efforts from federal, state and local federal governments.

“This has to do with offering appropriate tools and liquidity to survive the next couple of months,” stated Treasury Secretary Steven Mnuchin, at the briefing.

Leave a Reply