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The country "overreacted" in response to the coronavirus pandemic, Sen. Ron Johnson (R-Wis.) told Axios' Mike Allen during a virtual event on Wednesday.

What Johnson's saying: "[I]n hindsight, I think we overreacted. We closed too much of our economy down, and I don't think we focused enough on what we needed to do: isolate the sick, quarantine them, protect the vulnerable."

  • "At the same time, elected officials. I'm not overly critical ... they've had to make really tough decisions with imperfect information."
  • "The first assumption we all made is that COVID is nobody's fault. It's basically an act of God. And so the businesses that are suffering ... it's not their fault."

The big picture: Johnson said the government needs to look at ways to recapitalize businesses that have been devastated by the pandemic. He says financial support from the government needs to be as inclusive as possible.

  • "We really need to be taking a look at some program or programs ... to potentially restore capital to viable businesses that can reopen. But those same businesses need to have some kind of game plan."
  • "We need to make sure they have the financial resources to restore the capital so they can reopen."

Watch the event.

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Updated Aug 10, 2020 - World

PM prepares for "COVID election" as NZ marks 100 days of no community spread

New Zealand's Prime Minister Jacinda Ardern attends the launch of the Labour Party's election campaign in Auckland on Saturday. Photo: Michael Bradley/AFP via Getty Images

AUCKLAND, New Zealand — New Zealand has now gone 100 days with no detected community spread of COVID-19, the Ministry of Health confirmed in an emailed statement Sunday.

Why It Matters: New Zealanders are going to the polls on Sept. 19. Prime Minister Jacinda Ardern has been widely praised for her leadership that saw NZ lock down hard for several weeks before all domestic restrictions were lifted in June. She sees her government's response to and recovery from the coronavirus outbreak as key to her Labour Party being re-elected.

Aug 9, 2020 - Health

Ex-FDA head: U.S. will "definitely" see 200,000 to 300,000 virus deaths in 2020

Former FDA commissioner Scott Gottlieb said on CBS News' "Face the Nation" that the coronavirus death toll in the U.S. will be "definitely" somewhere between 200,000 and 300,000 by the end of 2020.

Why it matters: "Whether we're closer to 200,000 or closer to 300,000 depends on what we do now and how it evolves," Gottlieb warned on Sunday as the U.S. surpassed five million confirmed coronavirus cases.

Updated 9 hours ago - Health

World coronavirus updates

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Axios Visuals

The number of COVID-19 cases surpassed 20 million worldwide on Monday evening, Johns Hopkins data shows.

The big picture: World Health Organization chief Tedros Adhanom Ghebreyesus told a virtual press conference as the world approached the milestone that 750,000 deaths were set to be recorded this week. "Behind these statistics is a great deal of pain and suffering. Every life lost matters," he said. "But I want to be clear: there are green shoots of hope and... it's never too late to turn the outbreak around."