Prognosis
Trump Declares Emergency; Pelosi Drafts Bill: Virus Update
Pedestrians wearing protective masks walk through the Times Square in New York, March 12.
Photographer: Mark Kauzlarich/BloombergThis article is for subscribers only.
President Donald Trump declared a state of emergency that would free up $50 billion for the testing and care of the rising number of coronavirus cases in the U.S. in a tight election year battered by financial collapse.
“Two very big words,” he said after declaring the national emergency. Trump also outlined a public-private partnership in testing. Stocks gained the most since 2008.
House Speaker Nancy Pelosi said she’d drafted a bill with free testing and 14 days sick leave. The Senate will vote next week.