China has concealed the extent of the coronavirus outbreak in its country, under-reporting both total cases and deaths it’s suffered from the disease, the U.S. intelligence community concluded in a classified report to the White House, according to three U.S. officials.
President Donald Trump wants to spend $2 trillion on infrastructure projects to create jobs and help the collapsing economy rebuild from the coronavirus' stunning blows. House Speaker Nancy Pelosi says that seems about right.
Stocks ended sharply lower Wednesday as Wall Street kicked off the second quarter on a sour note amid concerns the coronavirus will keep the economy shut down longer than expected.
U.S. stock futures dropped early Wednesday morning and pointed to sizable declines at the open, following the end of the worst first quarter on record for the Dow and S&P 500 spurred by the coronavirus sell-off.
In China, international flights have been cut back so severely that Chinese students abroad wonder when they will be able to get home. In Singapore, recently returned citizens must share their phones’ location data with the authorities each day to prove they are sticking to government-ordered quarantines.
President Trump and the physicians advising the federal pandemic response on Tuesday delivered a bleak outlook for the novel coronavirus’s spread across the country, predicting a best-case scenario of 100,000 to 240,000 fatalities in the United States and summoning all Americans to make additional sacrifices to slow the spread.
President Donald Trump on Tuesday said Congress should pass a $2 trillion spending plan to update the country's roads, bridges and other infrastructure, calling for it to be included in the next bill lawmakers are currently drafting to respond to the coronavirus crisis, which they refer to as Phase 4.
All of the presumptive Democrat Presidential candidates and the two remaining – Joseph Biden and Bernie Sanders -- would essentially ban fracking in the U.S., as would many other politicians and activists.