U.S. Government Considers Job Creation Program During Crisis
As fears of a global economic downturn intensify, Washington considers an infrastructure program to assist in creating jobs. As the New York Times reported, the financial impact of the coronavirus spread “could be far more punishing and long lasting than initially feared — potentially enduring into next year, and even beyond — as governments intensify restrictions on business to halt the spread of the pandemic, and fear of the virus impedes consumer-led economic growth.”
“This is already shaping up as the deepest dive on record for the global economy for over 100 years,” said Kenneth S. Rogoff, a Harvard economist and co-author of “This Time Is Different: Eight Centuries of Financial Folly,” a history of financial crises. “Everything depends on how long it lasts, but if this goes on for a long time, it’s certainly going to be the mother of all financial crises.”
Politicians on Capitol Hill and analysts worry that the $2 trillion stimulus bill won’t go far enough to mitigate the damage to the U.S. economy. Democrats and Republicans in Congress, along with President Trump, are increasingly focusing on developing a massive infrastructure plan that could create thousands of jobs.
Newsworthy Developments for April 1, 2020
Reporting from the New York Times:
- Amid fears of “the mother of all financial crises,” Washington considers an infrastructure program to create jobs.
- Bowing to pressure, Florida’s governor will issue a stay-at-home order.
- Trump confronts a new reality before an expected wave of disease and death.
- Wall Street tumbles as economic projections worsen.
- Governors rail against the chaos in obtaining vital supplies, and the New York crisis deepens.
- Nearly 400 New York deaths put the region past 2,000.
- How do hospitals decide who gets treatment? Rules vary in the U.S., but should only be used if other measures fail.
COVID-19: U.S. at a Glance
Cases and Data
The following data comes from the most recent information published by the Centers for Disease Control and Prevention (CDC)
- Total cases: 186,202
- Total deaths: 3,603
- Jurisdictions reporting cases: 55 (50 states, District of Columbia, Puerto Rico, Guam, Northern Marianas, and US Virgin Islands)
Current Sources and Origins
- Travel-related: 1,110
- Close contact: 3,128
- Under investigation: 181,863
Stay At Home States and Social Distancing Rules
More states across the country continue to impose or increase directives to keep people at home in efforts to curb the spread of the coronavirus. For complete details, refer to our map of statewide and limited orders in place across the nation, which is updated each weekday.
We’re Here to Help
Oloop Technology Solutions is committed to the safety, health, and wellbeing of our workers, customers, and communities. We will continue to post regular updates. For further information and resources, we welcome you to check out our COVID-19 Resource Portal.
Photo by Hannah Wei on Unsplash
