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Preparedness



PRESIDENT ANNOUNCES NATIONAL EMERGENCY OVER CORONAVIRUS

State and municipal leaders, as well as private-sector executives, have in
recent days taken action on their own to shut down school districts, close
offices, museums and other businesses and cancel major events.

by Eli Stokols and Noah Bierman, Los Angeles Times / March 13, 2020

Shoppers wait in line at Costco in Lincoln Park as they stock up on supplies
over concerns about the coronavirus on March 13, 2020. Steven Rosenberg /
Chicago Tribune

(TNS) — President Donald Trump invoked emergency powers Friday, declaring a
national emergency over the coronavirus outbreak, which will allow more federal
aid to flow to states and municipalities.

“I am officially declaring a national emergency,” the president said during a
news conference in the Rose Garden. “No resources will be spared, nothing
whatsoever.”

The announcement came an hour after House Speaker Nancy Pelosi partially
preempted Trump by making a public statement from the Capitol, outlining
legislation she has negotiated largely with Treasury Secretary Steven T. Mnuchin
that, she said, would ensure that coronavirus testing is free for all Americans,
including the uninsured.

“We can only defeat this outbreak if we have an accurate determination of its
scale and scope,” said Pelosi, D-Calif.

House Democrats vowed to vote Friday on their legislation or an amended version
agreed to by the White House, which has balked at some of the elements that go
beyond providing temporary relief to those affected by the coronavirus.







If the House pushes ahead without clear support from the administration, any
bill coming out of the House would face more serious hurdles in the
Republican-controlled Senate, which is expected to take up the legislation next
week.

According to administration officials, the final determination on whether to
declare a national emergency or a national disaster, which is typically invoked
following natural disasters like hurricanes but offers Trump more discretion
over how money is spent, had remained unsettled just hours before the planned
event. Aides huddled inside the White House to decide on the administration’s
course of action.

Trump also spoke Friday with French President Emmanuel Macron, who tweeted that
the Group of 7 leaders had agreed to take part in a video conference Monday to
better coordinate efforts to slow the global pandemic and mitigate its sweeping
economic fallout.

The planned news conference came less than 48 hours after the president gave an
Oval Office address Wednesday evening, in which he got several facts wrong,
despite reading from a teleprompter, and delivered so unsteady and
halfhearted-seeming a performance as to trigger a massive market sell-off.

Prices rebounded Friday ahead of Trump’s speech, with the Dow Jones industrial
average gaining 3.5% in afternoon trading, which came after the average plunged
10% on Thursday — its steepest drop since the market’s 1987 crash.

Other major stock indexes dived nearly as much Thursday despite efforts by the
Trump administration and the Federal Reserve to calm skittish investors, sending
the market into so-called bear territory, or 20% or more below the record highs
the market reached only last month.

That ended the 11-year bull market in stocks, the longest ever, that began
during the financial crisis in 2009.

Despite Friday’s upswing, the Dow was on track to post a loss of nearly 15% for
the week, during which the selloff became so intense that trading had to be
halted for 15 minutes on two separate days under regulatory “circuit breakers”
aimed at preventing an overwhelming cascade of sell orders.

In the Oval Office on Thursday, Trump declared himself an expert on the Stafford
Act.

“We have very strong emergency powers under the Stafford Act,” Trump told
reporters. “I have it memorized, practically, as to the powers in that act. And
if I need to do something, I’ll do it. I have the right to do a lot of things
that people don’t even know about.”

Trump’s overall nonchalance about the coronavirus pandemic so far has stood in
increasingly stark contrast to state and municipal leaders, as well as private
sector executives who have in recent days taken action on their own to shut down
school districts, close offices, museums and other businesses and cancel major
events, including the NCAA March Madness tournament.

Democrats have been urging the president this week to make an emergency
declaration, which would allow states to request a 75% federal cost-share for
expenses related to virus response and mitigation efforts — things including
emergency workers, medical tests, medical supplies and vaccinations.

The president, however, has been reluctant to make such a move, largely out of
concern that it would contradict his numerous public statements over the last
month that attempted to downplay concerns over the coronavirus in hopes of
lessening its impact on financial markets.

 

———

©2020 Los Angeles Times

Visit the Los Angeles Times at www.latimes.com

Distributed by Tribune Content Agency, LLC.

—————

PHOTO (for help with images, contact 312-222-4194): CORONAVIRUS

GRAPHIC (for help with images, contact 312-222-4194): CORONAVIRUS

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