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Why it matters: The bill's price tag is around 10% of U.S. GDP, and Congress is already bickering internally about whether it goes far enough.
We're likely to be in this same situation again, economists say — and soon.
How to think about it: "This should not be thought of as a stimulus bill — this should be thought of as social insurance in a disaster state of the world for the most hard hit," Jonathan Parker, professor of finance at MIT, told Axios.
What's inside: The bill includes unprecedented direct payments to individuals: Up to $1,200 a person and $500 per child, even for those who have no income, plus extended and upgraded unemployment insurance, even for gig workers.
What's next: This morning, the Labor Department is expected to announce that as many as 3.4 million people filed for unemployment insurance last week.
The bottom line: This is likely just the first data point in a string of previously unfathomable reports on the U.S. economy.
Even if you’re able to get tested for the coronavirus, it’ll still take about a week to get the results back — which means the U.S. still doesn’t have a real-time handle on the number of infected people, health care editor Sam Baker writes.
What we’re hearing: An Arlington, Va., resident told Axios he got tested a week ago, but his results have now been delayed twice; he’ll likely end up waiting nine to 10 days for his results.
What’s next: The FDA signed off last week on a new test that can deliver results within about 45 minutes.
N.Y. Times columnist Nick Kristof and Times Opinion writer Stuart Thompson worked with epidemiologists to create this interactive model:
Why it matters: "[H]ealth experts advise giving current business closures and social distancing a month to slow the pandemic, buying time to roll out mass testing and equip doctors with protective equipment."
Miriam Kramer, author of the weekly Axios Space Newsletter (sign up here) treats us to these stunning views:
If President Trump follows through on his push to reopen big parts of the U.S. by Easter (April 12 — 17 days away), the spotty shield of state "stay at home" orders would look like even more of a patchwork, managing editor David Nather writes.
If Trump declares it's time to start getting back to normal, those GOP governors could face pressure to start easing their own social restrictions.
Sure enough, Dan Diamond and Nahal Toosi report that "the pandemic playbook" was written in 2016 "by career civil servants as well as political appointees, aware that global leaders had initially fumbled their response to the 2014-2015 spread of Ebola."
Why it matters: Per the playbook, "the government should’ve begun a federal-wide effort to procure [more] personal protective equipment at least two months ago."
A Trump NSC official said: "We are aware of the document, although it's quite dated and has been superseded by strategic and operational biodefense policies published since."
Above: On April 7, 1969, Washington Senators manager Ted Williams (left) joined President Richard Nixon and Baseball Commissioner Bowie Kuhn before POTUS tossed out the first pitch at RFK Stadium in Washington.
Below: The Washington Senators' 1969 opening day program (Ted Williams on cover), garnished with ticket stubs from opening days in the 1980s.
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