Business

Coronavirus: Donald Trump declares national emergency

Donald Trump, who said he had no symptoms of coronavirus, on Friday declared a national emergency to deal with the coronavirus crisis, paving the way for the release of $ 50 billion in federal aid to fight disease.

The move will “use all the powers of the federal government,” said the President of the United States at a press conference in the White House Rose Garden. He also called on all states to establish emergency centers.

Maximum level of oil reserves

The national emergency, which is based on the Stafford Act passed in 1988, authorizes the Federal Emergency Management Agency (FEMA) to make funds available to states and counties, and to deploy rescue teams. This law was only used once, by President Bill Clinton in 2000 in the face of the West Nile virus epidemic.

In addition, faced with the coronavirus pandemic, Donald Trump announced Friday “a sharp increase” in the capacity to test the virus in the United States. “We are announcing a new partnership with the private sector to greatly increase and speed up our ability to test the coronavirus,” the US president said from the White House, as his government came under fire for the slow pace of testing. been made available to the public in the country.

Trump also announced that he will bring the level of strategic oil reserves to its maximum. the next eight weeks will be “crucial”. “I also asked the Secretary of Energy to buy large quantities of crude oil for storage in the United States at very low prices. We will fill strategic reserves to the top, saving taxpayers billions help our oil industry, “he said at a press conference.

Interest-free student loans

Faced with the coronavirus pandemic, US President Donald Trump announced federal aid for student loans on Friday. “I have exempted all student loans held by federal government agencies from interest rates until further notice,” Trump said from the White House.

Tags

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close
Close