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Coronavirus: Trump declares national emergency; House passes relief bill

The S&P 500 soared during the remarks and closed the day up by more than 9%

Donald Trump | Coronavirus | S&P 500

Jim Tankersley & Emily Cochrane | NYT 

President Trump declared a national emergency on Friday over the coronavirus pandemic and announced steps he said would speed the availability of testing, and early Saturday, the House passed a bill reflecting a deal with his administration to provide billions of dollars to help sick workers and to prop up a slumping economy. Markets rallied on Mr. Trump’s emergency declaration, which he said would free up $50 billion for states and localities to cope with the outbreak — separate from the congressional relief measure — and which would allow the Treasury Department to delay ...

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First Published: Sat, March 14 2020. 22:58 IST