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Trump administration seeks $2.5 billion in funds to fight coronavirus


Added 02-25-20 12:10:04am EST - “The Trump administration is asking Congress for $2.5 billion to fight the fast-s...” - Reuters.com

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Posted By TheNewsCommenter: From Reuters.com: “Trump administration seeks $2.5 billion in funds to fight coronavirus”. Below is an excerpt from the article.

WASHINGTON (Reuters) - The Trump administration is asking Congress for $2.5 billion to fight the fast-spreading coronavirus, including more than $1 billion for vaccines, the White House said on Monday.

With financial markets falling on concerns that the virus will have a significant impact on the global economy, the Trump administration is eager to show it is prepared to combat the virus despite the limited number of cases so far in the United States.

The virus has spread to some 29 countries and territories beyond mainland China, with outbreaks in South Korea, Iran and Italy. [L3N2AO07M]

“The Trump administration continues to take the spread of the COVID-19 Coronavirus Disease very seriously. Today, the administration is transmitting to Congress a $2.5 billion 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.

The money will be used for therapeutics, vaccine development and the stockpiling of personal protective equipment such as masks, the White House said.

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