COVID-19 Update: Emergency Funding for Testing

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Coronavirus Update: Emergency Funding for Testing

(FinancialHealth.net) – The novel coronavirus is ravaging the world. Congress is now working to get billions of dollars in funding passed to help fight the pandemic.

As of March 7, 2020, more than 102,000 people tested positive for the illness and over 3,400 are dead worldwide. In the US, 17 people are dead and new cases are popping up every day:

As the news about the deaths broke, so did reports that Congress was close to inking a $7.5 billion deal to combat the illness. Senate Appropriations Committee Chairman Richard Shelby (R-AL) confirmed lawmakers were close to a deal.

The funding package is moving quickly through Congress, and Senate Majority Leader Mitch McConnell said he hopes to have it finished before mid-March. If passed, the money will be used to fund more testing for the illness and shore up the country’s emergency response.

~Here’s to Your Financial Health!

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