President Joe Biden has declared a major disaster in Kentucky, and ordered Federal aid to support recovery efforts in the areas affected by the devastating tornadoes at the weekend.
At least 80 people were confirmed dead in in the worst tornado event in the state's history, and Governor Andy Beshear said the death toll is feared to cross 100.
"I know we've lost more than 80 Kentuckians. That number is going to exceed more than 100. This is the deadliest tornado event we've ever had," he told reporters.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.