“I tasked these bipartisan teams to reach agreement by the end of the day today, tonight,” McConnell said. “We’ll need Saturday to be drafting what we’ve agreed to … We’ll need tomorrow for Legislative Counsel to draft the agreement. And as [Treasury Secretary Steven Mnuchin] has indicated, it is important for us to be on the Senate floor and pass the measure by Monday.”

The four task forces — which covered distressed industries, small business, financial assistance to individual Americans and health care — took a “pause” in the middle of Friday afternoon while Republicans huddled for a policy lunch and Senate aides rushed to put the proposals into writing.

The high-level talks come a day after Senate Republicans introduced their $1 trillion stimulus package to save the U.S. economy by assisting individuals, small businesses and industries that have been hit hard by the pandemic.

But Senate Democrats have already raised concerns with the GOP proposal, saying it benefits businesses and industries while not doing enough for working people.

“We need to work together quickly and do something big and bold that helps the American people,” said Senate Minority Leader Chuck Schumer (D-N.Y.), before the start of the meeting. “Sen. McConnell’s bill is not pro worker at all, it puts corporations ahead of people.”

A Senior democratic aide said that “Republicans are now balking at doing a state stabilization fund to address revenue shortfalls states are experiencing [because] of COV-19,” a measure Schumer and Sen. Jack Reed (D-R.I.) are pushing.

Senior Democratic aides, however, said privately that they believe that McConnell’s Monday deadline is still feasible.

Schumer, who spoke to President Donald Trump Friday morning, asked the president to use the Defense Production Act for more medical equipment, including ventilators, according to Schumer’s spokesperson.

After speaking with Schumer, Trump said he had an “extremely good” conversation with the minority leader and expressed optimism about the “Phase 3” stimulus deal.

“We were working on various elements of the deal, and the Democrats are very much wanting something to happen, and the Republicans likewise are very much wanting something to happen. And I think it will,” Trump said at a daily press briefing of the White House coronavirus task force. He didn’t address the Defense Production Act.

Trump added that he also spoke at length with McConnell as well. Abd Schumer and Speaker Nancy Pelosi spoke also by phone with Mnuchin on Friday afternoon to discuss the state of play on the “Phase 3” package.

Among the key provisions of the Senate GOP package is a plan to provide direct cash payments to individuals of up to $1,200 and families of up to $2,400, based on income. In addition to direct cash payments, the GOP stimulus plan gives small businesses $300 billion in federally guaranteed loans and $200 billion for loans for industries, including airlines.

The structure of the direct payments has emerged as a concern for some Republican members. Sen. Lindsey Graham (R-S.C.) has panned the idea of direct cash payments broadly, while Sens. Josh Hawley (R-Mo) and Mitt Romney (R-Utah) are calling for the package to be fixed, after expressing concern that its structure doesn’t sufficiently benefit lower income Americans. Hawley introduced an amendment Friday to help resolve the issue.

“Our goal is to create an income stream not just a one-time payment,” Graham said on Thursday. “The problem with direct cash is you’re giving it to the people who have got their salary, they don’t need extra money. There are people without money that need money.”

Senate Republican aides and White House officials are signaling they’re open to making changes during negotiations.

But Republican leaders also brought in Labor Secretary Eugene Scalia to counter that argument. Scalia has argued in the closed-door sessions that some states unemployment insurance systems aren’t capable of handling both an expected tidal wave of new unemployment filings by Americans who just lost their jobs while at the same time gearing up to send out millions of checks.

“The administration has expressed, based on some feedback their getting from states, that that would take a very long time,” said Senate Majority Whip John Thune (R-S.C.). “Again, we’re trying to do something that’s quick and gets an infusion of cash out there in a hurry, and the direct payments do that.”

There are also objections being raised to some of the industry specific bailout, as well as numerous business-related tax cuts offered by Senate Republicans. Democrats are objecting that the GOP bill is not “worker friendly.” And Trump himself said he wanted to make sure their was language in the package preventing corporations from using federal aid for stock buybacks.

“We have some fundamental disagreements on some of the liquidity provisions,” said a Republican senator who spoke on the condition of anonymity. We’re trying to help not because we’re interested in helping business … as much as we’re just trying to help keep the economy moving and keep people employed.”

Meanwhile, Democrats are calling for expanded unemployment insurance and paid leave, as well as more assistance for hospitals.

White House Legislative Affairs Director Eric Ueland reiterated that the administration wants to see lawmakers pass the package by Monday.

“Hopefully we’ll be done in a relatively quick fashion,” Ueland told reporters Friday, adding the administration is “looking for swift action, swift conversation, swift resolution and hopefully swift accomplishment by Congress on behalf of the American people.”

Source Article from https://www.politico.com/news/2020/03/20/senate-coronavirus-emergency-stimulus-deal-friday-138788

The drug touted by the U.S. President Donald Trump as a possible line of treatment against the coronavirus comes with severe warnings in China and can kill in dosages as little as two grams.

China, where the deadly pathogen first emerged in December, recommended the decades-old malaria drug chloroquine to treat infected patients in guidelines issued in February after seeing encouraging results in clinical trials. But within days, it cautioned doctors and health officials about the drug’s lethal side effects and rolled back its usage.

This came after local media reported that a Wuhan Institute of Virology study found that the drug can kill an adult just dosed at twice the daily amount recommended for treatment, which is one gram.

relates to Virus Drug Touted by Trump, Musk Can Kill With Just Two Gram Dose
As the drug hasn’t been approved by the U.S. Food And Drug Administration to treat the disease known as Covid-19, the Chinese experience may be useful as the American regulator studies the medication which has been endorsed by Trump as well as Tesla Inc. chief executive officer Elon Musk.

The pandemic, which has sickened more than 235,000 globally and killed over 9,800 people, has triggered growing anxiety across the U.S. as states say they lack testing kits and medical equipment. California instituted a state-wide lockdown on Thursday to slow the outbreak.

Chloroquine was among the first group of therapies Chinese scientists identified as being effective in curbing the new coronavirus. Clinical trials on about 130 patients demonstrated the drug’s ability to reduce the severity of the illness and speed up virus clearance, according to China’s Ministry of Sciences and Technology.

Chroloquine phosphate was officially recommended on Feb. 19 in the Covid-19 treatment guidelines published by China’s National Health Commission, along with a few other drugs such as AbbVie Inc.’s Kaletra and flu drug arbidol as antiviral treatments for patients. The commission recommended no more than a 10-day course of chloroquine for adult patients at 500mg — half a gram — twice a day.

The Search for New Drugs for Coronavirus Faces Long Odds

As hundreds of clinical trials are launched to study potential Covid-19 treatments, stocks of drugmakers and biotechnology companies have racked up big gains on the hope that the industry will see a windfall. But the history of previous viral outbreaks like Ebola and Zika show little success in producing viable treatments. Some potential drugs were developed only after the epidemics already waned through containment measures.

Closely Watched

China’s recommendation to use chloroquine in treatment was quickly followed by a warning.

Two days after the treatment guideline update, health authorities in Hubei province — China’s worst-hit region where the outbreak started and which accounted for majority of its over 80,000 patients — asked hospitals to closely watch for, and immediately report, any adverse side effects of chloroquine phosphate, according to a report in local media outlet The Paper.

The drug is known to have short-term side effects such as nausea, diarrhea and tinnitus while long-term use can irreversibly impair eyesight. It’s forbidden for pregnant women as it can cause congenital defects in babies.

China Health Commission revised the dosage in a Feb. 29 notice tightening chloroquine use. The drug cannot be given to pregnant women, those with heart disease, terminal liver and renal disease, retina and hearing loss and patients on antibiotics such as azithromycin and steroid.

It can now be given only to patients between 18 to 65 years of age for a seven-day treatment course. Patients weighing over 50 kilograms (110 pounds) can take 500mg twice a day — the usual dose — while those weighing less will be administered the drug just once a day after two days of use, according to the latest guidelines.

A woman in Wuhan proved how lethal chloroquine can be when it’s taken beyond the recommended dose. On Feb. 25, Shanghai-based The Paper reported that she took 1.8 grams of the drug she ordered online after suspecting she had the coronavirus. She did not, but the drug caused her to develop malignant cardiac arrhythmic, which can cause sudden death, and she was admitted to the intensive care unit.

— With assistance by Dong Lyu

Source Article from https://www.mercurynews.com/virus-drug-touted-by-president-trump-elon-musk-can-kill-with-just-two-gram-dose

ALBANY — Gov. Andrew Cuomo ordered a statewide lockdown amid the worsening coronavirus pandemic Friday that will shut down most of the Empire State — including New York City.

“I want to be able to say to the people of New York — I did everything we could do,” Cuomo said. “And if everything we do saves just one life, I’ll be happy.”

The restrictions take effect Sunday night at 8 p.m. and will:

  • Shut down all non-essential businesses across the state, leaving just grocery stores, pharmacies and other essential operations open
  • Ban all non-solitary outside activity, like outdoor basketball games and other team sports
  • Require all non-essential government and private sector employees work from home

Laundromats and gas stations will be allowed to remain open, as will liquor stores and restaurants for take-out and delivery service.

Cuomo said the MTA will continue to run the city subways and buses and the MetroNorth and Long Island railroads.

Doctors offices and veterinarians can remain open, too.

“We have to do it, we have to be serious,” Cuomo told reporters at the state capitol.

“Everyone has personal freedom and everyone has personal liberty and I’ll always protect that,” he added. “But everyone also has a responsibility to everyone else.”

The new emergency action came as the Empire State’s coronavirus case count ballooned to more than 7,100 cases across the state — more than 4,400 are in New York City. The state’s death toll has jumped to 35, up from 26 on Thursday.

Just hours later, the city put out figures that showed the tally had leaped to more than 5,100 as of 10 am.

Cuomo said the orders will be strictly enforced and businesses in violation will be fined. And, he said violators will be fined to coordinate the lock-down policies with New Jersey, Connecticut, Pennsylvania and Delaware.

“Regional action is the best,” he noted.

Cuomo’s directive follows California Gov. Gavin Newsom ordering his entire state Thursday to stay home in a desperate bid to slow the spread of the disease.

And it came after nearly a week of sparing between City Hall and Albany over the potential restrictions and the language used to describe them.

“I accept full responsibility,” Cuomo told reporters. “If someone wants to blame someone: blame me.”

“We’re planning for the worst and hoping for the best,” he added. “This is about saving lives.”

Source Article from https://nypost.com/2020/03/20/coronavirus-in-ny-cuomo-orders-lockdown-shuts-down-non-essential-businesses/

The IRS is extending the federal income tax filing deadline to July 15 as part of a growing effort to stem the financial pain from the coronavirus pandemic, Treasury Secretary Steven Mnuchin announced Friday.

The move gives Americans three months more than they normally would have to file their income tax returns for the 2019 tax year, without incurring interest or penalties.

President Donald Trump later Friday said that “hopefully” by the time the new deadline arrives “people will be getting back to their lives.”

“At @realDonaldTrump‘s direction, we are moving Tax Day from April 15 to July 15,” Mnuchin wrote in a tweet about the extension.

“All taxpayers and businesses will have this additional time to file and make payments without interest or penalties,” he wrote.

In a second tweet, Mnuchin urged taxpayers who might receive refunds this season “to file now to get your money.”

Trump echoed that suggestion during a White House press conference.

Most Americans are entitled to refunds when they file their federal tax returns.

As of March 13, the Internal Revenue Service had issued 59.2 million refunds out of the 76.2 million million individual income tax returns it had received, or 77.7% of the total number of returns filed by that date.

The average refund check was $2,973, according to IRS data.

Many individual states already had extended their own tax filing deadlines to various dates to give people relief from the financial fallout of the coronavirus outbreak, which has shuttered businesses nationwide and led to large-scale layoffs.

The IRS move will increase pressure on states to align their deadlines with the new one for federal income tax returns.

New York Gov. Andrew Cuomo, asked at a press conference if state residents should pay their state income taxes by the New York deadline of April 15, said the new federal guideline should be followed.

The IRS did not immediately return a call for comment from CNBC. It is not clear if the deadline extension also will include the deadline for funding Individual Retirement Accounts for the 2019 tax year.

Source Article from https://www.cnbc.com/2020/03/20/ccoronavirus-mnuchin-says-irs-will-move-tax-filing-deadline-to-july-15.html

“Under normal conditions there would be extended debate and back and forth, but under this emergency some of those things will get through with less scrutiny,” said David Lapan, a former spokesman for the Department of Homeland Security in the Trump administration. “It is a way to use this national emergency or pandemic to push through some of these quickly that might not get through in the normal course of business.”

Mr. Trump, for instance, has claimed the “country is full” and wanted to shut the southwestern border to border crossers seeking asylum, but the courts have repeatedly said he must extend due process rights. So this week, using legal authorities granted to the surgeon general to pursue public health, he said he would move forward with sending foreigners who illegally cross the border, including asylum seekers, immediately back to Mexico for fear of spreading the coronavirus to detention facilities and Border Patrol agents.

Days later, the Federal Labor Relations Authority published a little-noticed rule that would make it easier for federal workers to stop the withholding of their union dues, saying it would increase wages at a time of economic crisis. Everett Kelley, the national president of the American Federation of Government Employees, called the proposed rule “just another in a series of activist steps the F.L.R.A. has taken to advance this administration’s goal of busting unions.”

Mr. Kelley said it was “disgraceful” that the administration would push forward with the rule “in the midst of a pandemic” that depended on federal employees like caregivers at the Veterans Affairs Department, airport screeners and food inspectors, all of whom are performing their jobs under hazardous conditions.

In the midst of the outbreak, Mr. Trump pressured his top economic adviser to push Jerome H. Powell, the Federal Reserve chair, to rapidly and drastically cut interest rates as concern grew that the spreading disease could tip the United States into a recession. While Mr. Powell slashed rates by half a percentage point in one of the earliest global central bank responses to the virus, he was reluctant to cut them as aggressively as the president wanted him to before the outbreak.

Source Article from https://www.nytimes.com/2020/03/20/us/politics/trump-virus-conservative-policies.html

Trump said student borrowers won’t have to make loan payments “for at least the next 60 days and if we need more we’ll extend that period of time.”

To obtain the 60-day reprieve, borrowers who have federally held loans will have to make a request of their loan servicers, such as Navient, Nelnet, FedLoan Servicing or Great Lakes, over the phone or online.

But for borrowers who are already more than a month behind on their monthly loan payments, the Trump administration will automatically apply the 60-day suspension.

More than 3.2 million federally-held student loans are more than 31 days delinquent and another 7.7 million are in default, according to the Education Department’s most recent quarterly data.

“These are anxious times, particularly for students and families whose educations, careers, and lives have been disrupted,” Education Secretary Betsy DeVos said in a statement. “Right now, everyone should be focused on staying safe and healthy, not worrying about their student loan balance growing.”

The Trump administration’s announcement comes as Congress is also debating student debt relief as part of negotiations over the massive coronavirus stimulus package, S. 3548 (116).

Senate Majority Leader Mitch McConnell’s plan, released on Thursday evening, would allow the Education Department to suspend student loan payments for as long as six months.

But Senate Democrats have said that doesn’t go far enough. Senate Minority Leader Chuck Schumer has called for canceling student loan payments made by borrowers during the national emergency and wants to guarantee borrowers at least $10,000 each in total loan forgiveness.

Trump, speaking during a news conference at the White House on Friday, also teased additional announcements on student loans from his administration.

“We have more to come on student loans, more good news for the students but we’ll do that at a different time,” Trump said.

He also said the state testing waivers might be greeted by some K-12 students.

“Probably a lot of students will be extremely happy, some probably not,” Trump said. “The ones that work hard, maybe not, but it’s one of those things. Very unfortunate circumstances.”

Source Article from https://www.politico.com/news/2020/03/20/trump-coronavirus-student-loan-payments-139056

California Gov. Gavin Newsom, seen on Tuesday, ordered Californians on Thursday night to stay home except for groceries and the like, to slow the spread of the coronavirus.

Rich Pedroncelli/AP


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Rich Pedroncelli/AP

California Gov. Gavin Newsom, seen on Tuesday, ordered Californians on Thursday night to stay home except for groceries and the like, to slow the spread of the coronavirus.

Rich Pedroncelli/AP

The nation’s most-populated state is telling its residents to stay home except for essential travel. California Gov. Gavin Newsom made the announcement Thursday night, saying that more than half of the state’s 40 million residents could become infected by the coronavirus if efforts aren’t taken to slow its spread.

The order is the strongest statewide restriction in the country, but it exempts essential travel to grocery stores, pharmacies and gas stations and will rely heavily on “social pressure” for enforcement, Newsom says.

“We are confident that the people of the state of California will abide by it and do the right thing and meet this moment,” he says.

The move follows similar restrictions in the Bay Area.

There were roughly 1,000 cases of the coronavirus in the state as of Thursday evening. In a letter to the federal government requesting assistance, the state estimated that without mitigation more than 22 million people could be infected over the next eight weeks.

State officials hope the stay-at-home restrictions will slow the virus’ spread and prevent that scenario. They will be in effect indefinitely.

Source Article from https://www.npr.org/sections/coronavirus-live-updates/2020/03/19/818751894/stay-home-californians-are-told-by-governor-as-coronavirus-spreads

California Gov. Gavin Newsom gives an update to the state’s response to the coronavirus, at the Governor’s Office of Emergency Services in Rancho Cordova, Calif., on Tuesday.

Rich Pedroncelli/AP


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Rich Pedroncelli/AP

California Gov. Gavin Newsom gives an update to the state’s response to the coronavirus, at the Governor’s Office of Emergency Services in Rancho Cordova, Calif., on Tuesday.

Rich Pedroncelli/AP

Gov. Gavin Newsom has ordered California’s 40 million residents to stay at home indefinitely in the widest-ranging directive so far of any state as it grapples with a growing novel coronavirus epidemic that has killed 150 people nationwide.

The order was issued late Thursday calling on people to remain in their homes, with exceptions only for essential travel. The move follows similar restrictions issued earlier this week for the San Francisco Bay Area.

Speaking at a late evening news conference in Sacramento, Newsom said his directive “goes into force and effect this evening and we are confident that the people of the state of California will abide by it, will do the right thing.”

The governor, a Democrat who took office just over a year ago, said Californians would “step up as they have over the last number of weeks to protect themselves, to protect their families and to protect the broader community in this great state and the world we reside in.”

He said compliance would rely heavily on “social pressure.”

No time-frame was given for how long the order would remain in place.

After the announcement, California Republican Rep. Kevin McCarthy, the House minority leader, tweeted: “I hope Governor Newsom consulted with a lot of experts before he decided to shut down 12% of the nation’s population.”

Despite the seemingly sweeping nature of the governor’s order, there are a number of exemptions, Newsom said.

“We’re going to keep the grocery stores open,” he said. “We’re going to make sure that you’re getting critical medical supplies. You can still take your kids outside, practicing common sense and social distancing. You can still walk your dog.”

Essential travel includes trips to the grocery, gas stations, farmers markets, food banks, convenience stores, take-out and delivery restaurants, banks and laundromats, according to the Los Angeles Times.

The directive also exempts critical infrastructure such as food and agriculture, healthcare, transportation, energy and financial services, the newspaper said.

California — which along with Washington and New York is among the states hardest-hit by the burgeoning U.S. outbreak — has some 1,000 confirmed cases of the potentially fatal upper respiratory infection. Nineteen people in the state have died from COVID-19.

Earlier, Newsom said that an official projection estimates that up to 56% of the state’s residents could become infected by the virus — a figure that would equate to more than 22 million people.

However, he said at the news conference: “The point of the stay-at-home order is to make those numbers moot.”

According to the latest figures from the Centers for Disease Control and Prevention, the total number of cases in the U.S. has surpassed 10,000. However, officials believe that due to the small number of tests for the virus so far due to a lack of test kits, the number of infections is thought to be significantly higher.

A tally of worldwide coronavirus statistics maintained by Johns Hopkins University, shows the global total of reported cases is nearly 250,000, with more than 10,000 deaths.

Source Article from https://www.npr.org/2020/03/20/818764136/california-issues-stay-at-home-order-as-coronavirus-infections-rise

Italy‘s death toll from the coronavirus outbreak eclipsed China’s on Thursday as the scourge extended its march around the world.

Italy, with 60 million citizens, recorded a total of at least 3,405 deaths, or roughly 150 more than in China, a country with a population over 20 times larger.

At the same time, Italy reached its bleak milestone, Wuhan, the Chinese city where the coronavirus first emerged three months ago, recorded no new infections, a sign that the communist country’s draconian lockdowns had worked.

More:

As of Thursday night, there were also an estimated 41,000 infections in Italy.

Health authorities cited a variety of reasons for Italy’s high toll, key among them its large population of elderly people, who are particularly susceptible to serious complications from the virus.

Italy has the world’s second-oldest population, and the vast majority of its dead – 87 percent – were over 70.

Jonas Schmidt-Chanasit, a virologist at Germany’s Bernhard Nocht Institute for Tropical Medicine, offered another reason for Italy’s high death rate: “That’s what happens when the health system collapses.”


As the outbreak spread westward, it infected at least one European head of state: Monaco’s 62-year-old Prince Albert II, who continued to work from his office.

In Spain, the government on Thursday ordered the closure of all the country’s hotels and promised to implement special measures in nursing homes after a surge in the country’s coronavirus cases and deaths.

Officials reported deaths had jumped by more than a third on Thursday to 767, while the number of cases rose by a quarter to 17,149, making Spain the second worst-hit country in Europe after Italy.

The virus also appears to be opening an alarming new front in Africa, where healthcare in many countries is already struggling.

At the United Nations in New York, Secretary-General Antonio Guterres said the world is “at war with a virus” and warned that “a global recession, perhaps of record dimensions, is a near certainty.”

“If we let the virus spread like wildfire – especially in the most vulnerable regions of the world – it would kill millions of people,” he said.

In a measure of how the fortunes of East and West have shifted, officials from the city of New York were sent to China to buy more ventilators.

And in Italy, the leader of a delegation from the Chinese Red Cross openly castigated Italians for failing to take the country’s national lockdown seriously.

On a visit to the hard-hit city of Milan, Sun Shuopeng said he was shocked to see so many people walking around, using public transportation and eating out in hotels.

“Right now we need to stop all economic activity, and we need to stop the mobility of people,” he said.

“All people should be staying at home in quarantine.”

Worldwide the death toll crept towards 10,000 and the total number of infections topped 240,000, including nearly 85,000 people who have recovered.

In China, Thursday marked the first time since Jan. 20 that the locked-down city of Wuhan, where thousands once lay sick or dying in hurriedly constructed hospitals, reported no new locally transmitted cases. Authorities said all 34 new cases recorded over the previous day had come from abroad.

“Today, we have seen the dawn after so many days of hard effort,” said Jiao Yahui, a senior inspector at the National Health Commission.

The World Health Organization warned, though, that the virus is spreading quickly in Africa, from about five countries a week and a half ago to 35 of the continent’s 54 nations – an “extremely rapid evolution,” said WHO Africa chief Dr Matshidiso Moeti.

Source Article from https://www.aljazeera.com/news/2020/03/italian-death-toll-overtakes-chinas-virus-spreads-200320004533074.html

As the Intelligence Committee chairman, Mr. Burr receives regular briefings on threats to the United States, including the coronavirus. He is also a member of the Senate health committee, which in January hosted a briefing with top Trump administration officials open to all senators.

It is apparently not the first time Mr. Burr has acted decisively to shield his assets from financial turmoil after hearing from government officials. In 2009, he recounted in a speech how after he heard Treasury Secretary Henry M. Paulson discuss a major company’s difficulty moving money between banks, he called his wife and instructed her to withdraw as much cash as possible from their own accounts out of fear there would be a run on funds.

Three other senators also sold major holdings around the time Mr. Burr did, according to the disclosure records: Dianne Feinstein, Democrat of California, who is also a member of the Intelligence Committee; James M. Inhofe, Republican of Oklahoma; and Kelly Loeffler, Republican of Georgia.

The record of Mr. Burr’s stock transaction shows he and his wife sold 33 different stocks on Feb. 13 that were collectively worth $628,000 to $1.7 million, according to the disclosures filed with the secretary of the Senate. Those sales include as much as $150,000 worth of stock in two hotel chains, Wyndham Hotels and Resorts and Extended Stay America. The values of both companies have declined significantly in recent weeks. He also sold as much as $65,000 worth of stock in Park Hotels & Resorts.

Ms. Feinstein and her husband sold $1.5 million to $6 million worth of stock in Allogene Therapeutics, a California-based biotech company, in transactions that took place on Jan. 31 and Feb. 18.

Mr. Inhofe sold a large amount of stock — all on Jan. 27 — including holdings in PayPal, Apple and Brookfield Asset Management, a real estate company, with the overall value of the sales totaling as much as $400,000, a disclosure report shows.

Ms. Loeffler and her husband, Jeffrey C. Sprecher, who is the chairman of the New York Stock Exchange, reported 27 stock sales worth millions of dollars starting on Jan. 24. On that day, Ms. Loeffler tweeted about attending the Senate briefing on the coronavirus. The stocks the couple sold were in companies including Exxon Mobil, Ross Stores and AutoZone.

Source Article from https://www.nytimes.com/2020/03/19/us/politics/richard-burr-stocks-sold-coronavirus.html

Topline: The number of confirmed coronavirus cases in the U.S. continues to grow, jumping over 40% to more than 9,400 as of Thursday morning, as officials prepare for a range of forecasts in the number of people who could possibly need medical attention as a result of the virus.

  • As of Wednesday morning there were more than 6,500 cases in the U.S., according to data from Johns Hopkins University; as of Thursday morning, over 9,400 cases were reported, an increase of over 40%.
  • Dr. Deborah Birx, the White House’s coronavirus response coordinator, had warned Wednesday that the number of confirmed cases would increase as more tests were performed.
  • CNN reported Thursday that it had obtained a 100-page federal government report that said officials are preparing for the pandemic to last 18 months or longer and cause “multiple waves of illness.”
  • According to a Friday New York Times report, the Centers for Disease Control created four forecasts of how the virus could impact the American healthcare system, with one forecast showing as many as 21 million people possibly needing hospitalization.
  • These forecasts—referred to as models by the scientific community—should be treated with caution, according to Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, who told Congress on March 12 that “all models are as good as the assumptions that you put into the model.”
  • Containment and mitigation will determine the total number of cases in the U.S., according to Fauci.

Big number: According to the CDC forecasts obtained by the Times, between 160 million and 214 million people could be infected by coronavirus, causing between 200,000 to 1.7 million deaths. The Times reported that behavioral changes, such as testing, tracing contacts for confirmed patients and stopping gatherings of people (including working from home and mass travel) can lower the forecasted numbers.

Crucial quote: “Even as important is that [Americans] have a responsibility, a society responsibility, to protect the vulnerable,” Fauci told CNN Wednesday night, adding, “And you do that, interestingly, by not letting yourself get infected, because you need to make sure that you don’t inadvertently pass on the infection to someone who would not fare as well as you.”

Key background: The coronavirus pandemic has upended American life and tanked the economy, sparking a wave of unemployment as businesses shutter and people stay home to prevent the spread of the disease. As of Thursday, 140 people have died in the U.S., according to Johns Hopkins University data. President Trump, whose administration has been heavily criticized for its response to the outbreak, signed into law on Wednesday a coronavirus relief bill that includes free testing and paid sick leave, among other measures. State officials are working to prepare for an influx of patients, with New York Gov. Andrew Cuomo on Monday telling his brother, CNN’s Chris Cuomo, “They all talk about flattening the curve. I don’t see a curve. I see a wave. And the wave is going to break on the healthcare system…it is going to be a tsunami.”

Source Article from https://www.forbes.com/sites/lisettevoytko/2020/03/19/us-coronavirus-cases-jump-40-overnight-as-health-officials-brace-for-influx-of-patients/

Not everyone got what they wanted in Senate Majority Leader Mitch McConnell’s bill. But it wasn’t for lack of trying.

“The Hill appears to be overwhelmed with people advocating for why they’re uniquely affected by the coronavirus epidemic,” said Sean Kennedy, the top lobbyist for the National Restaurant Association, which asked Congress for more than $300 million in relief this week.

The restaurant association has mobilized its members to make tens of thousands of phone calls to their lawmakers. With many restaurants shuttered to slow the virus’ spread, their proprietors have had plenty of free time to become armchair lobbyists, Kennedy said.

Other lobbyists have pleaded their clients’ cases to a handful of aides to top Republican senators, such as Erica Suares in McConnell’s office and Nick Rossi, who’s chief of staff to Sen. John Thune (R-S.D.), the No. 2 Senate Republican.

Some lobbyists for industries hit hard by the restrictions imposed by coronavirus were underwhelmed by what they got in McConnell’s bill: $58 billion in loans and loan guarantees for the airlines and another $150 billion for other “severely distressed sectors” of the economy, as well as nearly $300 billion in loans for small businesses.

“We think it will be insufficient to stem the tide of job loss and closing of hotels that we’re seeing, candidly,” said Brian Crawford, the top lobbyist for the American Hotel & Lodging Association. “We’re hoping this is an opening salvo.”

“It needs to be bigger,” said Tori Barnes, the top lobbyist for the U.S. Travel Association, even though she praised of the measures it includes.

The hotel and travel industries personally pleaded their cases to President Donald Trump and Vice President Mike Pence in a meeting at the White House on Tuesday, warning that the industry could shed millions of jobs in the coming weeks without significant help. The hotels asked for $150 billion in grants, along another $100 billion for the broader travel industry.

McConnell’s bill would force hotels and the travel industry to compete with restaurants, casinos, distillers, moving companies and manufacturers — all of which have asked for aid this week — for $150 billion in loans.

The legislation will need the support of Senate Democrats to pass, giving lobbyists for industries that feel they’ve gotten short shrift another chance to shape the bill before senators leave town in the coming days.

Not every industry lost out in McConnell’s bill. The airlines, which asked for $59 billion in cash, loans and loan guarantees, got $58 billion in loans. Nick Calio, the head of Airlines for America, the industry’s trade group, said the money will keep the airlines going for five to six more months.

“We have been hit the hardest of anyone by this,” he said in an interview.

The National Retail Federation, meanwhile, secured a tweak to the Republican tax law that it had been pressing for since shortly after its passage in 2017. The fix would return an estimated $15 to $30 billion to hotels, restaurants and retailers that have upgraded their properties over the past two years but haven’t gotten a tax break for it, according to the trade group.

Source Article from https://www.politico.com/news/2020/03/20/lobbyists-coronavirus-stimulus-package-138519

Sen. Elizabeth Warren, D-Mass., took an extra measure on Thursday not to offend China by censoring a tweet President Trump made about the coronavirus.

There has been growing criticism among Democratic lawmakers and members of the media over Trump’s use of the term “Chinese virus” in reference to the origin of the pandemic, which critics have called “racist” and “xenophobic.”

On Wednesday, Trump took to Twitter explaining why he signed the Defense Production Act, which should increase the production of medical equipment needed to combat the outbreak.

“I only signed the Defense Production Act to combat the Chinese Virus should we need to invoke it in a worst case scenario in the future. Hopefully there will be no need, but we are all in this TOGETHER!” Trump had tweeted.

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Warren on Thursday knocked the president’s tweet and shared a screenshot of it with the word “Chinese” blurred out.

“President Trump, are your eyes stitched shut? Hospitals need test kits, ventilators, & other medical supplies. That’s why the DPA exists. Stop dragging your feet & burying your head & start helping hospitals that are about to be slammed by this pandemic,” Warren wrote.

Critics panned Warren’s censorship of Trump’s tweet.

“She blurred out the word ‘Chinese’ in her quote tweet of Trump. She is absolutely beyond parody,” Ben Shapiro said.

“Elizabeth Warren blurred out the word ‘Chinese’ in ‘Chinese Virus.’ Glad to see American politicians willingly doing the Chinese Communist Party’s censorship for them,” Washington Examiner reporter Jerry Dunleavy said.

Others were supportive of the former presidential candidate’s decision to remove the “slur.”

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“I love that you blurred the racism before tweeting,” Warren supporter Sara Ackerman said.

“Love that you blurred his racist slur, too,” Jack Straw, another supporter of Warren, similarly tweeted.

Source Article from https://www.foxnews.com/media/elizabeth-warren-trump-chinese-coronavirus

Just before Mr. Newsom spoke, officials in Los Angeles County held a news conference to announce their own stay at home order, which they are calling “safer at home.”

How the orders will be enforced is unclear, but officials said that they expected residents to follow them and that there would enormous social pressure to do so on those who disobey them.

“People will self-regulate their behavior,” he said. “We’ll have social pressure to encourage people to do the right thing.”

A Los Angeles County sheriff’s official said on Twitter that the department did not plan on making arrests to enforce the order.

Mr. Newsom did, however, say that the state would be “more aggressively” policing xenophobic attacks against Asians. “We are better than that,” Mr. Newsom said.

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Thursday’s directives in Los Angeles and from the governor come after several days in which California leaders, both at the state and local level, gradually tightened public life, closing bars, wineries, gyms and movie theaters and ordering restaurants to halt in-housing dining and shift to takeout and delivery. On Sunday night, Mayor Eric Garcetti of Los Angeles announced that all bars would close and restaurants would be allowed only to do takeout or delivery. In recent days he has also been urging people to stay home from work.

Officials have described the stay at home orders as an aggressive way to reduce infections and buy time to stock up on medical supplies like ventilators and masks to confront what they expect to be a surge in need for hospital beds.

Source Article from https://www.nytimes.com/2020/03/19/us/California-stay-at-home-order-virus.html

The bill also states the government has right to “participate in the gains” of businesses to which it is lending. That could be through warrants, stock options, common or preferred stock, or other equity tools.

President Donald Trump said Thursday he would consider taking an equity stake in companies accepting federal aid, a move that would ultimately dilute shareholders. Trump didn’t specify which companies he was referring to but called out those that have bought back stock. Delta, American, Southwest and United airlines have collectively spent about $39 billion over the last five years buying back shares.

Democrats have said they may push for more restrictions, like forbidding stock buybacks. Trump himself said he would be “OK” with such a stipulation.

House Speaker Nancy Pelosi, D-Calif., and Senate Minority Leader Chuck Schumer, D-N.Y., said in a joint statement: “Any economic stimulus proposal must include new, strong and strict provisions that prioritize and protect workers, such as banning the recipient companies from buying back stock, rewarding executives, and laying off workers.”

Airlines for America, a lobbying group that represents U.S. airlines including Delta, American, United and Southwest, earlier this week issued a dire warning about the industry, saying its “survival” depends on government aid. The group originally requested $25 billion in direct grants and another $25 billion in loans. 

The hotel and tourism industry, meantime, has requested $150 billion in direct grants. 

Trump himself owns several hotels and resorts.

-CNBC’s Leslie Josephs contributed to this report.

Source Article from https://www.cnbc.com/2020/03/19/coronavirus-bailout-senate-gop-bill-caps-executive-salaries-at-425000.html

WASHINGTON —Two reports on Thursday revealed that Republican Sens. Richard Burr, N.C., and Kelly Loeffler, Ga., sold off significant amounts in stocks shortly before financial markets plunged because of the coronavirus pandemic. 

The senators are reported to have had knowledge about the spread of coronavirus ahead of their sales.

ProPublica reported that Burr, who chairs the Senate Intelligence Committee, dumped somewhere between $628,000 and $1.72 million of stocks, much of which came from the hospitality industry. The sales were made in 33 separate transactions on Feb. 13. Records of the transactions are available through the Securities and Exchange Commission

Just days before, Burr penned a Fox News op-ed with Sen. Lamar Alexander, writing that the country was “better prepared than ever before to face emerging public health threats.”

And, according to NPR’s Thursday reporting, a couple weeks later, on Feb. 27, Burr informed a gathering at a luncheon that the coronavirus is “much more aggressive in its transmission than anything that we have seen in recent history,” at a time when President Donald Trump was still responding to the disease’s spread in what some have described as an overly optimistic manner.

Source Article from https://www.usatoday.com/story/news/politics/2020/03/19/reports-burr-loeffler-sold-stocks-ahead-coronavirus-marketcrash/2882006001/

“Have a travel plan that does not rely on the U.S. government for assistance,” the travel advisory tells Americans who decide to go overseas or are already there.

According to several people familiar with the situation, Secretary of State Mike Pompeo approved raising the advisory from its previous status of Level 3. That earlier advisory merely encouraged Americans to reconsider travel abroad.

The State Department press office did not respond to requests for comment, but announced on Thursday that U.S. passport agencies will only accept applications from customers with life-or-death emergencies who plan to travel within 72 hours.

Current and former U.S. State Department officials, some of them with several decades of experience, said they did not recall such a travel advisory ever being issued in the past.

The highly unusual guidance came after seven weeks of steadily increasing restrictions on U.S. travel, following President Donald Trump’s move to limit travel from China at the end of January.

Other countries have closed their borders and imposed further travel restrictions as the virus has spread beyond Asia to Europe and the Western Hemisphere.

There are more than 10,000 confirmed coronavirus cases in the United States, across all 50 states and Washington, D.C.

The World Health Organization on Thursday said that there are more than 191,000 confirmed cases across more than 150 countries; an unofficial tally by researchers at Johns Hopkins University pegs that number still higher.

A State Department official based overseas expressed concern about the pending advisory, saying he worried it would cause panic among Americans. The official pointed out the difficulties of finding flights under the current conditions.

The advisory acknowledged the difficult conditions, noting, for instance: “Many countries are experiencing COVID-19 outbreaks and implementing travel restrictions and mandatory quarantines, closing borders, and prohibiting non-citizens from entry with little advance notice.“

Some Americans are stranded in countries such as Guatemala, which has issued a ban on any flights coming or going, and others are having to pay dearly for what flights are left, often transiting through several countries before finding a way back home.

And the State Department has largely been absent, according to interviews with several Americans stranded abroad, who reported receiving no help from U.S. embassies.

Stephanie Marlin was in Guatemala City visiting a friend when the Guatemalan government closed down its borders, a day before her flight was scheduled to take her back to Nashville.

She said she had communicated multiple times with Delta Air Lines about her flight, which was supposed to leave on Tuesday. Delta assured her that she was “gold” and that her flight would leave as planned.

Source Article from https://www.politico.com/news/2020/03/19/coronavirus-travel-advisory-level-four-137227