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Economic Impacts

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AlMac99 Kathy Gilbeaux mdmcdonald

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economic-impacts@m.resiliencesystem.org

U.S. to ask world for more on global Covid fight as its own cash dwindles

The White House is hosting a global Covid response summit this week — but the U.S. isn't currently prepared to bring significant new money to fight the virus worldwide, according to two people familiar with the preparations.

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U.S. Senators announce $10 billion COVID-19 deal, leave out global aid

Senators announce $10 billion COVID-19 deal, leave out global aid

Senators announced on Monday they had reached a deal to provide $10 billion for the fight against COVID-19, but the agreement leaves out funding for the global virus response. 

The agreement could clear the path for Congress to finally pass some new funding for the virus response, which the White House has been warning for weeks is urgently needed to allow it to purchase more vaccines, treatments and tests. 

The announcement comes after days of negotiations between a group of GOP senators and Senate Majority Leader Chuck Schumer (D-N.Y.), with negotiators signaling late last week that they were close to finalizing specifics. 

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