As US Death Toll Passes 50,000 and Job Losses Soar, New Economic Aid on the Way
A new coronavirus relief package passed Congress Thursday night, providing nearly $500 billion in new funding for struggling American businesses. The virus that’s now taken more than 50,000 lives has also cost one in six people their jobs.
BELOW: Johns Hopkins University has compiled a global map showing the health impact of COVID-19 (Click and drag to see different countries – zoom in to see more details)
To approve the aid, lawmakers in the US House of Representatives gathered in Washington for the first time since March 27, adopting stricter social distancing rules. The legislation is mostly earmarked for small businesses.
Some leaders say it’s just a short term solution as lockdowns continue across the nation and leaders grapple when to lift restrictions allowing businesses to reopen.
President Trump has some tough decisions ahead of him according to former US Congressman Dave Brat. He’s now the dean of the Liberty University School of Business and says he’s concerned about the long-term damage from the pandemic on the economy, jobs and the livelihood of Americans.
Brat says the result of the COVID-19 closures is like all 50 states being hit by a natural disaster at once.
Click the video player above to see his interview with CBN News.