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Monday, may 27
Tag:
Financial Markets
News
Reports: President Trump To Declare National State Of Emergency To Speed Response To
Covid-
19
President Donald Trump was expected to declare a national state of emergency Friday to quickly deliver billions of dollars in federal aid to states in response to the global coronavirus pandemic, according to several reports. The declaration -- expected at a 3 p.m. news conference from Washington -- will immediately trigger FEMA financial and physical aid to states and municipalities under the 1988 Stafford Act, which makes up to $40 billion in federal money available. The president wants to speed federal aid to worried Americans and hopefully calm the financial markets amid the global cris…