- Apr 5, 2010
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Breaking: Trump to declare COVID-19 a Stafford Act national emergency
If people wanted the big guns, they are about to get them. This will probably hurt the markets even more, so good idea to do it on a Friday and let the weekend act as a firebreak.
President Donald Trump plans to declare a national emergency on Friday over the coronavirus outbreak, invoking the Stafford Act to open the door to more federal aid for states and municipalities, according to two people familiar with the matter. …
An emergency declaration would allow a state to request a 75% federal cost-share for expenses that include emergency workers, medical tests, medical supplies, vaccinations, security for medical facilities, and more, according to a letter Democrats sent the president earlier this week.
Only a few emergency declarations for public health threats have been made since the 1960s, and only two have targeted disease outbreaks, when President Bill Clinton in 2000 declared emergencies in New York and New Jersey in response to the West Nile Virus.
If people wanted the big guns, they are about to get them. This will probably hurt the markets even more, so good idea to do it on a Friday and let the weekend act as a firebreak.