Coronavirus has hit Capitol Hill, as the first members of Congress have tested positive for the virus.
Reps. Mario Diaz-Balart (R-Fla.) and Ben McAdams (D-Utah) announced diagnoses late Wednesday. Diaz-Balart’s office said he had developed symptoms Saturday evening and was notified Wednesday of a positive test. Both had voted on the House floor as recently as Saturday morning, to pass the coronavirus relief bill.
Rep. Ben McAdams, D-Utah (Left), Rep. Mario Diaz-Balart, R-Fla. (Right)
At least five other members of Congress are quarantining because they had contact with the lawmakers, including Rep. Steve Scalise, the second-highest ranking Republican in the House.
Some lawmakers had been pushing for ways to vote remotely, particularly since congressional members are disproportionately in higher-risk categories for coronavirus complications. Forty-eight senators are over the age of 65, the age at which some states have recommended individuals to stay inside their homes.
Senator Dick Durban (D-Ill.) has said “it’s time for the Senate to wake up to the 21st century and make sure we’re using technology that allows us to communicate with each other without any danger or risk to public health.”
A resurgent Joe Biden scored sweeping victories across the country with the backing of a diverse coalition and progressive rival Bernie Sanders seized Super Tuesday’s biggest prize with a win in California as the Democratic Party’s once-crowded presidential field suddenly transformed into a two-man contest.
The Dow Jones Industrial Average dropped 785 points and bond prices surged after an emergency interest-rate cut by the Federal Reserve failed to reassure markets racked by worries that a fast-spreading virus outbreak could lead to a recession.
HotelPlanner CEO Tim Hentschel told Cheddar that the travel industry is taking the worst hit it has seen in nearly two decades thanks to the coronavirus outbreak paralyzing multiple countries.
Stocks are whipping up and down after the Federal Reserve swooped into the market with an emergency rate cut in hopes of shielding the economy from the effects of the fast-spreading virus. Tuesday's surprise move gave stocks a strong, brief boost, but it took just 15 minutes for the gains to evaporate.
Chairman Jerome Powell said at a news conference that the virus “will surely weigh on economic activity both here and abroad for some time.” It was the Fed's first rate cut since last year, when it reduced its key short-term rate three times.
The Federal Reserve will cut interest rates by a half-percentage point in its first emergency rate cut since the Great Recession in response to the spreading coronavirus.
