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New York Gov. Andrew Cuomo called on the federal government on Tuesday to supply ventilators, saying the state is in dire need of tens of thousands of machines to manage the coronavirus outbreak. The state expects to receive about 4,000 ventilators per Vice President Mike Pence.

Why it matters: New York state has become the U.S. epicenter of the pandemic, with 25,665 cases, and Cuomo said time is running out to wait on domestic production of medical supplies.

Cuomo said there are two methods to obtain the ventilators, recommending the U.S. government either use the federal Defense Production Act or that Health and Human Services Secretary Alex Azar tap into the federal stockpile to provide 20,000 machines.

"I understand the federal government's point that many companies have come forward and said we want to help, and General Motors and Ford and people are willing to get into the ventilator business. It does us no good if they start to create a ventilator in three weeks or four weeks or five weeks. We're looking at an apex of 14 days. ... The [Defense Production Act] can actually help companies because the federal government can say, 'Look, I need you to go into this business. I will contract with you today for x number of ventilators. Here's the startup capital you need.' ... Not to exercise that power is inexplicable to me."

What's happening: The state has 7,000 ventilators and needs 30,000. New York already mandated nonessential businesses close and ordered residents to stay home.

  • “I will take personal responsibility for transporting the ventilators” elsewhere in the country after New York reaches its apex, Cuomo said. “I’ll send ventilators, I’ll send health care workers, our professionals.”

Editor's note: This story was updated wit Vice President Pence's statement that New York will receive 4,000 ventilators in the next two days.

Go deeper

Justice Department drops insider trading inquiry against Sen. Richard Burr

Sen. Richard Burr (R-N.C.) walking through the Senate Subway in the U.S. Capitol in December 2020. Photo: Stefani Reynolds/Getty Images

The Department of Justice told Sen. Richard Burr (R-N.C.) on Tuesday that it will not move forward with insider trading charges against him.

Why it matters: The decision, first reported by the New York Times, effectively ends the DOJ's investigation into the senator's stock sell-off that occurred after multiple lawmakers were briefed about the coronavirus' potential economic toll. Burr subsequently stepped down as chair of the Senate Intelligence Committee.

Netflix tops 200 million global subscribers

Illustration: Rebecca Zisser/Axios

Netflix said that it added another 8.5 million global subscribers last quarter, bringing its total number of paid subscribers globally to more than 200 million.

The big picture: Positive fourth-quarter results show Netflix's resiliency, despite increased competition and pandemic-related production headwinds.

Janet Yellen plays down debt, tax hike concerns in confirmation hearing

Treasury Secretary nominee Janet Yellen at an event in December. Photo: Alex Wong via Getty Images

Janet Yellen, Biden's pick to lead the Treasury Department, pushed back against two key concerns from Republican senators at her confirmation hearing on Tuesday: the country's debt and the incoming administration's plans to eventually raise taxes.

Driving the news: Yellen — who's expected to win confirmation — said spending big now will prevent the U.S. from having to dig out of a deeper hole later. She also said the Biden administration's priority right now is coronavirus relief, not raising taxes.