G7 countries ready to cooperate
Senator Patrick Leahy, the ranking member of the Senate Appropriations Committee, said an emergency funding bill to fight the coronavirus could be completed and ready for President Trump’s signature by Friday evening.
Treasury Secretary Steven Mnuchin said the administration looks forward to an emergency funding package from Congress to deal with the spreading coronavirus. He also suggested the administration would consider an infrastructure package as part of a broader stimulus measure, if one is needed to shore up growth.
The International Monetary Fund, World Bank, and other financial institutions are pledging to use their tools to address economic and public health challenges stemming from the virus. The G-7 nations welcomed that news, and vowed to promote stability and growth, cooperating on actions to guard against economic risks from the coronavirus.
More than 90,000 cases have been confirmed in some 60 countries around the world, with outbreaks widening in Iran, Italy and South Korea, as the number of cases outside mainland China crossed 10,000. While more than 3,000 people have died globally, 7 in the U.S., over 48,000 confirmed cases have recovered.
As the Lord Leads, Pray with Us…
- For members of Congress as they address and vote on a bill to fund the American fight against the coronavirus.
- About whether an infrastructure package should attach to a coronavirus bill as an economic stimulus.
- For individuals in the U.S. who are the most vulnerable to the virus.
- For families and friends of those who have lost their lives to the disease.
Sources: Reuters, Wall Street Journal
