US President Donald Trump declared a national emergency over the coronavirus outbreak following a week of cancellations, suspensions and growing case numbers that unsettled Americans nationwide.

US President Donald Trump declared a national emergency over the fast-spreading Covid-19 coronavirus, opening the door to providing what he said was about $US50 billion in federal aid to fight the disease.

Trump made the announcement at a Rose Garden news conference.

Trump said he was declaring the national emergency in order to “unleash the full power of the federal government.”

He urged every state to set up emergency centers to help fight the virus.

Pressure has been mounting for Trump to declare an infectious disease emergency under the 1988 law that would allow the Federal Emergency Management Agency (FEMA) to provide disaster funds to state and local governments and to deploy support teams.

The power is rarely used.

Former President Bill Clinton in 2000 declared such an emergency for West Nile virus.

Wall Street took a giant leap as Trump declared a national emergency.

After being nearly 3 percent higher a few hours ago, the Dow Jones Industrial Average gained 1600 points to 7.7 percent.

SOURCE – RADIO NZ

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