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Trump pushes economy reopening, says virus could kill 100K – CP24 Toronto's Breaking News

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Darlene Superville And Jonathan Lemire, The Associated Press


Published Monday, May 4, 2020 4:13PM EDT

WASHINGTON — Pushing to reopen the economy, President Donald Trump insists that states can gradually lift lockdowns and still protect people from the coronavirus pandemic, even as he’s also suggesting U.S. deaths could reach 100,000.

The president, fielding questions from Americans Sunday night in a virtual town hall from the Lincoln Memorial, acknowledged valid fears on both sides of the issue. Some people are worried about getting sick; others are reeling from lost jobs and livelihoods.

Trump increased his projection for the total U.S. death toll to as many as 100,000 — up from the 60,000 figure he suggested just a few weeks ago. More than 68,000 Americans are confirmed dead from the virus, according to a Johns Hopkins database.

“Look, we’re going to lose anywhere from 75,000, 80,000 to 100,000 people,” Trump said. “That’s a horrible thing. We shouldn’t lose one person out of this. This should have been stopped in China.”

The White House, meanwhile, was dismissing a report that the administration was projecting the daily death toll to grow once social distancing is relaxed. The New York Times reported Monday that it had reviewed a document projecting the toll will reach about 3,000 on June 1. It also forecasts 200,000 new cases each day by the end of the month.

“This is not a White House document nor has it been presented to the Coronavirus Task Force or gone through interagency vetting,” said White House deputy press secretary Judd Deere. “This data is not reflective of any of the modeling done by the task force or data that the task force has analyzed.”

Administration officials said the projections assumed that states resumed normal activities immediately, not according to the phased guidelines unveiled by the White House last month.

After more than a month of being cooped up at the White House, Trump returned from a weekend at the Camp David presidential retreat in Maryland for the virtual town hall hosted by Fox News Channel.

The president said of his monumental backdrop: “We never had a more beautiful set than this.”

As concerns mount about his reelection bid, Trump stuck to his relentlessly optimistic view of the nation’s ability to rebound soon.

“It is all working out,” Trump said. “It is horrible to go through, but it is working out.”

Many public health experts believe the nation cannot safely reopen fully until a vaccine is developed. Trump declared Sunday that he believed one could be available by year’s end.

U.S. public health officials have said a vaccine is probably a year to 18 months away. But Dr. Anthony Fauci, the nation’s leading expert on infectious diseases and member of the White House coronavirus task force, said in late April that it is conceivable, if a vaccine is soon developed, that it could be in wide distribution as early as January.

Though the administration’s handling of the pandemic, particularly its ability to conduct widespread testing, has come under fierce scrutiny, the president tried to shift the blame to China and said the U.S. was ready to begin reopening.

“I’ll tell you one thing. We did the right thing and I really believe we saved a million and a half lives,” the president said. But he also broke with the assessment of his senior adviser and son-in-law, Jared Kushner, saying it was “too soon to say” the federal government had overseen a “success story.”

While noting that states would go at their own pace in returning to normal, with ones harder hit by the coronavirus going slower, Trump said that “some states, frankly, I think aren’t going fast enough.” He singled out Virginia, which has a Democratic governor and legislature. And he urged the nation’s schools and universities to return to classes this fall.

Federal guidelines that encouraged people to stay at home and practice social distancing expired late last week.

Debate continued over moves by governors to start reopening state economies that tanked after shopping malls, salons and other nonessential businesses were ordered closed in attempt to slow a virus that has killed more than 66,000 Americans, according to a tally of reported deaths by Johns Hopkins University.

The U.S. economy has suffered, shrinking at a 4.8% annual rate from January through March, the government estimated last week. And roughly 30.3 million people have filed for unemployment aid in the six weeks since the outbreak forced employers to shut down and slash their workforces.

The president’s advisers have nervously watched Trump’s support slip in a number of battleground states and he was told last month that if the election were held that day, he would lose to Democrat Joe Biden. The president’s aides believe restarting the economy, even with its health risks, is essential to a victory in November and are pushing for him to pivot away from discussions about the pandemic and onto an American comeback story.

 To that end, Trump will begin travelling again, with a trip to a mask factory in Arizona planned for Tuesday. The president also is set to speak in June at commencement for the U.S. Military Academy at West Point. Returning to campus for commencement will require graduates to self-isolate for 14 days, but Trump insisted the event poses no risk to the cadets.

The town hall, which included an appearance by Vice-President Mike Pence, included a rare mea culpa: The vice-president said he should have worn a face mask during a visit last week to Minnesota’s Mayo Clinic. Pence’s failure to wear a mask violated the clinic’s guidelines and drew significant criticism.

Elsewhere in Washington, the Senate planned to reopen Monday, despite the area’s continued status as a virus hot spot and with the region still under stay-at-home orders. The House remains shuttered as debate continues on what the next stage of the economic recovery may look like.

State and local governments are seeking up to $1 trillion in coronavirus costs, which has been met with some objections by congressional Republicans.

Trump said that while he thought common ground could be found with Democrats over an infrastructure package, “we’re not doing anything unless we get a payroll tax cut. That is so important to the success of our country.”

The leaders of California and Michigan are among governors under public pressure over lockdowns still in effect while states such as Florida, Georgia and Ohio are reopening.

Trump on Sunday night singled out Michigan Gov. Gretchen Whitmer and Washington Gov. Jay Inslee, also a Democrat, for criticism even as he praised the federal co-ordination with most governors. He also complained that some Democrats would rather “people get sick” than given him any credit for pushing the use of a malaria drug for treating COVID-19, though it has not been proven to be safe and effective for that use.

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B.C.’s debt and deficit forecast to rise as the provincial election nears

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VICTORIA – British Columbia is forecasting a record budget deficit and a rising debt of almost $129 billion less than two weeks before the start of a provincial election campaign where economic stability and future progress are expected to be major issues.

Finance Minister Katrine Conroy, who has announced her retirement and will not seek re-election in the Oct. 19 vote, said Tuesday her final budget update as minister predicts a deficit of $8.9 billion, up $1.1 billion from a forecast she made earlier this year.

Conroy said she acknowledges “challenges” facing B.C., including three consecutive deficit budgets, but expected improved economic growth where the province will start to “turn a corner.”

The $8.9 billion deficit forecast for 2024-2025 is followed by annual deficit projections of $6.7 billion and $6.1 billion in 2026-2027, Conroy said at a news conference outlining the government’s first quarterly financial update.

Conroy said lower corporate income tax and natural resource revenues and the increased cost of fighting wildfires have had some of the largest impacts on the budget.

“I want to acknowledge the economic uncertainties,” she said. “While global inflation is showing signs of easing and we’ve seen cuts to the Bank of Canada interest rates, we know that the challenges are not over.”

Conroy said wildfire response costs are expected to total $886 million this year, more than $650 million higher than originally forecast.

Corporate income tax revenue is forecast to be $638 million lower as a result of federal government updates and natural resource revenues are down $299 million due to lower prices for natural gas, lumber and electricity, she said.

Debt-servicing costs are also forecast to be $344 million higher due to the larger debt balance, the current interest rate and accelerated borrowing to ensure services and capital projects are maintained through the province’s election period, said Conroy.

B.C.’s economic growth is expected to strengthen over the next three years, but the timing of a return to a balanced budget will fall to another minister, said Conroy, who was addressing what likely would be her last news conference as Minister of Finance.

The election is expected to be called on Sept. 21, with the vote set for Oct. 19.

“While we are a strong province, people are facing challenges,” she said. “We have never shied away from taking those challenges head on, because we want to keep British Columbians secure and help them build good lives now and for the long term. With the investments we’re making and the actions we’re taking to support people and build a stronger economy, we’ve started to turn a corner.”

Premier David Eby said before the fiscal forecast was released Tuesday that the New Democrat government remains committed to providing services and supports for people in British Columbia and cuts are not on his agenda.

Eby said people have been hurt by high interest costs and the province is facing budget pressures connected to low resource prices, high wildfire costs and struggling global economies.

The premier said that now is not the time to reduce supports and services for people.

Last month’s year-end report for the 2023-2024 budget saw the province post a budget deficit of $5.035 billion, down from the previous forecast of $5.9 billion.

Eby said he expects government financial priorities to become a major issue during the upcoming election, with the NDP pledging to continue to fund services and the B.C. Conservatives looking to make cuts.

This report by The Canadian Press was first published Sept. 10, 2024.

Note to readers: This is a corrected story. A previous version said the debt would be going up to more than $129 billion. In fact, it will be almost $129 billion.

The Canadian Press. All rights reserved.

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Mark Carney mum on carbon-tax advice, future in politics at Liberal retreat

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NANAIMO, B.C. – Former Bank of Canada governor Mark Carney says he’ll be advising the Liberal party to flip some the challenges posed by an increasingly divided and dangerous world into an economic opportunity for Canada.

But he won’t say what his specific advice will be on economic issues that are politically divisive in Canada, like the carbon tax.

He presented his vision for the Liberals’ economic policy at the party’s caucus retreat in Nanaimo, B.C. today, after he agreed to help the party prepare for the next election as chair of a Liberal task force on economic growth.

Carney has been touted as a possible leadership contender to replace Justin Trudeau, who has said he has tried to coax Carney into politics for years.

Carney says if the prime minister asks him to do something he will do it to the best of his ability, but won’t elaborate on whether the new adviser role could lead to him adding his name to a ballot in the next election.

Finance Minister Chrystia Freeland says she has been taking advice from Carney for years, and that his new position won’t infringe on her role.

This report by The Canadian Press was first published Sept. 10, 2024.

The Canadian Press. All rights reserved.

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Nova Scotia bill would kick-start offshore wind industry without approval from Ottawa

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HALIFAX – The Nova Scotia government has introduced a bill that would kick-start the province’s offshore wind industry without federal approval.

Natural Resources Minister Tory Rushton says amendments within a new omnibus bill introduced today will help ensure Nova Scotia meets its goal of launching a first call for offshore wind bids next year.

The province wants to offer project licences by 2030 to develop a total of five gigawatts of power from offshore wind.

Rushton says normally the province would wait for the federal government to adopt legislation establishing a wind industry off Canada’s East Coast, but that process has been “progressing slowly.”

Federal legislation that would enable the development of offshore wind farms in Nova Scotia and Newfoundland and Labrador has passed through the first and second reading in the Senate, and is currently under consideration in committee.

Rushton says the Nova Scotia bill mirrors the federal legislation and would prevent the province’s offshore wind industry from being held up in Ottawa.

This report by The Canadian Press was first published Sept. 10, 2024.

The Canadian Press. All rights reserved.

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