The White House has requested the Congress to approve $2.5 billion in emergency funding to fight the fast-spreading coronavirus in the country. The Trump administration will utilize the fund to develop a vaccine for the deadly disease, therapeutics and stockpiling medical equipment.
"Today, the administration is transmitting to Congress a $2.5bn supplemental funding plan to accelerate vaccine development, support preparedness and response activities, and to procure much-needed equipment and supplies," said Rachel Semmel, a spokeswoman for the White House Office of Management and Budget.
For comments and feedback contact: editorial@rttnews.com
Political News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.