Coronavirus updates: Markets drop as Senate fails to advance stimulus

FAN Editor

The Senate failed Sunday to advance a third economic stimulus package to help Americans and the American economy weather the coronavirus pandemic. The phase-3 support bill is expected to designate between $1.5 and $2 trillion to help businesses survive as millions of their customers are told to stay home. The Senate’s inaction was weighing heavily on already-battered stock markets.

Several Republican senators were unable to participate in a procedural vote on the package Sunday because they’re self-quarantining. Senator Rand Paul tested positive for the disease, and at least four other senators have self-quarantined after possible exposure.

More than 33,000 people have contracted the virus in the U.S., more than anywhere else but China and Italy. More than 470 people have died of the disease in the country, and President Trump has approved disaster declarations in New York and Washington, two of the hardest hit states. California’s request is being processed.

Worldwide, the number of confirmed coronavirus cases is nearing 340,000, and the death toll is over 14,000, according to Johns Hopkins University

Visit the Centers for Disease Control and Prevention website for detailed information on coronavirus treatment and prevention. The Associated Press contributed to this report.

Free America Network Articles

Leave a Reply

Next Post

Dow futures drop 600 points, briefly hit 'limit down' halt as investors await a stimulus deal

Traders, some in medical masks, work on the floor of the New York Stock Exchange (NYSE) on March 20, 2020 in New York City. Trading on the floor will temporarily become fully electronic starting on Monday to protect employees from spreading the coronavirus. The Dow fell over 500 points on […]

You May Like