Feb 21, 2018

Trump says his economic policies will get U.S. to 3% growth

President Trump. Photo: Tasos Katopodis / Getty Images

President Trump's Council of Economic Advisers said today the U.S. economy could grow 3% per year with the "full implementation of the Administration's agenda," the Associated Press reports. Without the new policies, like an infrastructure bill and more regulation cuts, growth will be around 2.2% over the next decade.

Why it matters: Since 2000 the U.S. economy has averaged growth of less than 2% and only 6 presidents of the past 11 have seen economic growth averaging above 3%, according to CNBC.

Go deeper: CNBC's chart of average growth rates for every president since Eisenhower.

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Serological coronavirus testing could be key to economic reopening

Illustration: Sarah Grillo/Axios

America's economy won't reopen anytime soon, despite frantic CEO whispers, but a glimmer of hope may be emerging in the form of serological testing.

Why it matters: Serologic tests aren't to determine whether or not you're infected with coronavirus. They are to determine if you have potential immunity that could allow you to safely return to work.

Government tech struggles to dole out coronavirus stimulus cash

Illustration: Eniola Odetunde/Axios

Tech challenges are hampering federal and state government efforts to get funds from the $2 trillion coronavirus relief law into the hands of newly unemployed workers and struggling small businesses who need it.

Why it matters: Many businesses and individuals need the money now for essentials, including meeting payroll and paying rent.

U.S. coronavirus updates: Death toll passes 9,600

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Andrew Witherspoon/Axios

Recorded deaths from the novel coronavirus surpassed 9,600 in the U.S. on Monday, per Johns Hopkins data. More than 1,000 people in the U.S. have died of coronavirus-related conditions each day since April 1.

Why it matters: U.S. Surgeon General Jerome Adams said on Sunday the coming week will be "the hardest and saddest week of most Americans' lives" — calling it our "our Pearl Harbor, our 9/11 moment."

Go deeperArrowUpdated 3 hours ago - Health