$2 Trillion Federal Stimulus Package Heads for House vote

Rep. Thomas Massie, R-Ky balked at $2 trillion federal stimulus bill before the House Friday
Rep. Thomas Massie, R-Ky

The House of Representatives prepared to vote Friday on a $2 trillion economic relief package to address fallout from the coronavirus, with scores of lawmakers begrudgingly returning to the Capitol after one GOP member threatened to raise a procedural objection.

With the economy reeling, House leaders had hoped to pass the sweeping measure by a “voice vote” that would not require members to show up in person. Those who wanted to could come to the Capitol to speak in favor of or against the legislation that will send $1,200 payments to many Americans and free up large loans for businesses of every size.

The $2 trillion federal stimulus package is scheduled for a House vote today.

Source: Enormous coronavirus bill heads for House vote, as many lawmakers reluctantly return to Washington

Teen Who Died of Covid-19 Was Denied Treatment Because He Didn’t Have Health Insurance

Teen Who Died of Covid-19 Was Denied Treatment Because He Didn't Have Health Insurance 1A 17-year-old boy in Los Angeles County who became the first teen believed to have died from complications with covid-19 in the U.S. was denied treatment at an urgent care clinic because he didn’t have health insurance, according to R. Rex Parris, the mayor of Lancaster, California. Roughly 27.5 million Americans—8.5 percent of the population—don’t have health insurance based on the latest government figures.

Source: Teen Who Died of Covid-19 Was Denied Treatment Because He Didn’t Have Health Insurance

Inside the Story of How H-E-B Planned for the Pandemic

Inside the Story of How H-E-B Planned for the Pandemic 2The grocer started communicating with its Chinese counterparts in January and was running tabletop simulations a few weeks later. (But nothing prepared it for the rush on toilet paper.)

Source: Inside the Story of How H-E-B Planned for the Pandemic

America’s mortgage market sickens

America’s mortgage market sickens 3

AMERICA’S $19trn commercial and residential mortgage market is jittery as investors begin to fear that laid-off workers and shut-down firms will struggle to repay their debts. Plenty of investors—such as real-estate investment trusts—are highly leveraged. As the value of mortgage-backed securities has dropped sharply they have begun to face margin calls on their debt from their bankers. Some have warned investors that they are unable to meet cash calls. Demand for new residential mortgages is likely to suffer, too. Lockdowns and economic uncertainty have stopped homebuyers looking.

Source: America’s mortgage market sickens

Trump: I don’t believe you really need that many ventilators

Trump: I don't believe you really need that many ventilators 4In an interview with Sean Hannity, the president again minimized the impact of the global coronavirus pandemic.

Gov. Andrew Cuomo of New York says his state needs 30,000 ventilators to respond to the escalating coronavirus crisis.

President Donald Trump doesn’t believe him.

Speaking with Sean Hannity on Fox News on Thursday night, Trump again minimized the impact of the global coronavirus pandemic, casting doubt on the need for tens of thousands of ventilators for hospitals responding to the crisis.

“I have a feeling that a lot of the numbers that are being said in some areas are just bigger than they’re going to be,” he said. “I don’t believe you need 40,000 or 30,000 ventilators. You go into major hospitals sometimes, and they’ll have two ventilators. And now all of a sudden they’re saying, ‘Can we order 30,000 ventilators?’”

Source: Trump: I don’t believe you really need that many ventilators