Archive: US COVID-19 Resources & Information
3/25/20

In the rapidly changing dynamics of combating the Cornonavirus, information is updated constantly. This archive is being provided as an additional resource for those seeking to learn more about how the United States Federal Government is addressing COVID-19.

3/25/20
6:00 p.m. President & White House Coronavirus Task Force Press Conference

  • The President is doing everything in his power to help NYC.
  • Trump stated that the Democrats and GOP are close to reaching a $2.2 trillion relief package including relief for individual Americans, small businesses and large corporations; Trump is supporting the deal.
  • Feds are ramping up the number of medical supplies.
  • Trump stated that he spoke with Mayor DeBlasio and Governor Cuomo and they are happy with the job he is doing.

From Treasury Secretary Mnuchin on the Stimulus bill:

  • Expectation that the stimulus bill passes tonight in the Senate and the House tomorrow.
  • Small business retention loans will supply 8 weeks of employees’ salaries as long as business keep workers employed; loans forgiven after a determined period.
  • Feds are authorizing every bank to have loans made and dispersed in the same day (FDIC insured banks only).
  • Tax incentives to retain workers and enhanced unemployment incentives.
  • Direct payments into Americans’ direct deposit accounts, when applicable; checks for others.
  • $500 billion to work with the Federal Reserve for emergency programs (supporting American business and workers).
  • $100 billion to hospitals.
  • $100 billion to states with specific Coronavirus expenses.
  • The stimulus bill is anticipated to “cover the economy for 3 months.”
 

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