U.S. coronavirus death toll tops 1,000 as unemployment widens
Hospitals, laid-off workers and struggling companies will receive badly needed economic aid under the record-setting relief bill approved by the U.S. Senate late on Wednesday in a 96-0 vote. House leaders said they hoped to pass the bill on Friday, and U.S. President Donald Trump has said he would sign the bill into law.
“We don’t need to be crafting another bill right now,” he said. “Let these $2 trillion go to work for us.” Roughly half the United States was under “stay at home” orders to arrest the virus, with the side effect of strangling the economy. “We know that economic activity will decline probably substantially in the second quarter, but I think many expect, and I would expect, economic activity to resume and move back up in the second half of the year,” Powell said.
But he also warned the virus could return for the next northern winter and that experts could not predict this novel coronavirus because it was “unique.”
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