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The Seattle-Tacoma International Airport on March 15. Photo: John Moore/Getty Images

U.S. industries and organizations are asking for over a trillion dollars in bailouts as states, cities, and counties direct residents to stay home to combat the spread of the novel coronavirus.

Driving the news: The National Governors Association asked Congress for $150 billion in aid on Friday to handle rising unemployment and business closures as states combat the virus with mandated social distancing.

The big picture: The White House asked Congress for $1 trillion on Wednesday to facilitate COVID-19 relief to individual taxpayers, small businesses, the airline industry, and other "severely distressed sectors," with half the money tagged for businesses and the other half for individuals.

  • Reality check: Industries are already asking for way more than the $500 billion that President Trump's relief plan would allocate.
Who's asking for what:
  • Hospitals: $100 billion to offset expenses related to coronavirus testing and treatment, Axios' Bob Herman reports.
  • Manufacturing: $1.4 trillion in loans for manufacturers and small businesses, per the National Association of Manufacturers' statement on Wednesday.
  • Hotels: $150 billion in aid, mostly to keep employees on the payroll, and another $100 billion for travel-related businesses like retail shops, attractions and restaurants, Axios' Joann Muller reports.
  • Restaurants: A $145 billion recovery fund for the foodservice industry authorized by the Treasury Department, $35 billion in community block grants for disaster relief, $100 billion in business interruption insurance, $45 billion in small business loans, and $130 million in unemployment assistance, the National Restaurant Association said in a statement on Wednesday.
  • Airlines: More than $50 billion in aid that could include cash grants and government-backed loans, the Wall Street Journal reports.
  • Casinos: The American Gaming Association is calling for emergency funding as more states close casinos to combat the spread of COVID-19. An amount has not been disclosed. The association says 92% of all gaming properties in the U.S. have closed as of Saturday.
  • Malls: U.S. shopping centers are asking the federal government to cover business interruptions so the industry's repayment of up to $1 trillion in unsecured and secured debt is not at risk, the International Council of Shopping Centers said in a memo to Congress on Tuesday.
  • New York City's transit system: The New York Times reports that the MTA is looking for $4 billion.
  • Energy: The Trump administration is "strongly considering pushing federal assistance" for natural gas and oil producers, the Post reports, citing four people familiar.
  • Hollywood: "The National Association of Theater Owners ... asked the federal government for loan guarantees to help the industry through a time when strangers cannot gather in the dark to see the latest films," per NYT's Nicole Sperling and Brooks Barnes. An amount has not been publicly disclosed.

The bottom line: Nearly three-quarters of U.S. companies have had their supply chains disrupted by the spread of COVID-19, Axios' Dion Rabouin reported last week.

What's next: For aid to start flowing, Congress would need to approve the proposal that the White House presented on Wednesday. Industries will likely have to take additional steps, like applying for funding.

Go deeper:

Editor's note: This story has been updated with additional industries.

Go deeper

Updated 25 mins ago - Politics & Policy

National Guard chief: Pentagon's "unusual" Jan. 6 restrictions led to 3-hour delay

William Walker, commanding general of the D.C. National Guard, testified Wednesday that a three-hour delay in approval for National Guard assistance during the Jan. 6 Capitol attack was exacerbated by "unusual" restrictions on his authorities by Pentagon leadership.

Why it matters: Walker testified that if Army Secretary Ryan McCarthy had not prohibited him in a Jan. 5 memo from using the National Guard's "Quick Reaction Force" without authorization, he would have "immediately" sent troops to the Capitol after receiving a "frantic call" from then-Capitol Police Chief Steven Sund.

59 mins ago - World

U.S.-Iran nuclear diplomacy is going nowhere fast

Illustration: Annelise Capossela/Axios

Iran's cool response to the Biden administration's push for diplomatic engagement, along with rising tensions in the region, makes clear that salvaging the 2015 nuclear deal may be far more difficult than many had anticipated.

The state of play: Both the U.S. and Iran have entered the diplomatic dance, but it seems to be moving in circles.

Venture capital firm Indie.vc is shutting down

Illustration: Sarah Grillo/Axios

Indie.vc, an effort launched six years ago to invest small amounts in bootstrapped businesses, announced on Tuesday that it’s winding down.

Why it matters: Venture capital, despite being the money of innovation, is rarely innovative itself. Indie.vc was an effort to break out of the tedium, so its failure is de facto disappointing.

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