Trump declares national emergency, frees up $50B to aid states, localities affected by coronavirus

by Adam Ford · Mar 13th, 2020 3:04 pm

Last Updated Mar 13th, 2020 at 5:23 pm

President Trump declared a national emergency over the ongoing coronavirus pandemic Friday afternoon, a move that will allow the federal government to open up $50 billion in funds to aid states and localities affected by the outbreak.

Watch the full press conference below:

In response to the news, the stock market rocketed upward, closing out the day with the biggest rally since 2008.


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