President Donald Trump speaks about the coronavirus in the Rose Garden of the White House, Tuesday, April 14, 2020, in Washington. (AP Photo/Alex Brandon)
By Darlene Superville
President Donald Trump said Tuesday that he was cutting off U.S. payments to the World Health Organization during the coronavirus pandemic, accusing the organization of failing to do enough to stop the virus from spreading when it first surfaced in China.
Trump, who had telegraphed his intentions last week, claimed the outbreak could have been contained at its source and that lives could have been saved had the U.N. health agency done a better job investigating the early reports coming out of China.
“The WHO failed in its basic duty and must be held accountable,” Trump said at a briefing. He said the U.S. would be reviewing the WHO's actions to stop the virus before making any decision on resuming aid.
There was no immediate comment from the Geneva-based organization on Trump's announcement. But when asked about possible U.S. funding cuts during a regular U.N. briefing earlier Tuesday, WHO spokeswoman Margaret Harris responded, “Regardless of any issues, our work will go on.”
Trump said the U.S. will continue to engage with the WHO in pursuit of “meaningful reforms.”
The United States contributed nearly $900 million to the WHO’s budget for 2018-19, according to information on the agency’s website. That represents one-fifth of its total $4.4 billion budget for those years. The U.S. gave nearly three-fourths of the funds in “specified voluntary contributions” and the rest in “assessed” funding as part of Washington’s commitment to U.N. institutions.
A more detailed WHO budget document provided by the U.S. mission in Geneva showed that in 2019, the United States provided $452 million, including nearly $119 million in assessed funding. In its most recent budget proposal from February, the Trump administration called for slashing the U.S. assessed funding contribution to the WHO to $57.9 million.
More than 125,000 deaths worldwide, including more than 25,000 in the U.S., have been blamed on the coronavirus, according to Johns Hopkins University.
Last week, Trump blasted the WHO for being “China-centric” and alleging that it had “criticized” his ban on travel from China as the COVID-19 outbreak was spreading from the city of Wuhan.
The WHO generally takes care not to criticize countries on their national policies, and it was not immediately clear what specific criticism Trump was alluding to.
Trump himself showed deference to China at the beginning stages of the outbreak.
“China has been working very hard to contain the Coronavirus," he tweeted Jan. 24. “The United States greatly appreciates their efforts and transparency. It will all work out well. In particular, on behalf of the American People, I want to thank President Xi!”
Asked Tuesday about the appropriateness of seeking to cut the WHO's funding in the middle of a worldwide viral outbreak, Trump said the review would last 60 to 90 days.
“This is an evaluation period, but in the meantime, we're putting a hold on all funds going to World Health," Trump said.
Trump has also complained that other countries give substantially less than the U.S., singling out China.
The American Medical Association immediately called on Trump to reconsider his decision.
“During the worst public health crisis in a century, halting funding to the World Health Organization is a dangerous step in the wrong direction that will not make defeating COVID-19 easier," AMA President Patrice A. Harris said in a statement.
Harris said international cooperation is needed to fight the virus, along with science and data.
"Cutting funding to the WHO, rather than focusing on solutions, is a dangerous move at a precarious moment for the world,” she said.
For most people, the coronavirus causes mild or moderate symptoms, such as fever and cough, that clear up in two to three weeks. But it can cause more severe illness, including pneumonia, and death for some people, especially older adults and people with existing health problems. The vast majority of people recover.
___
Associated Press writer Jamey Keaten in Geneva contributed to this report.
A new report from ProPublica and the Washington Post found that Facebook Groups played a major role in the spread of misinformation linked to the January 6 insurrection with more than 650,000 posts claiming that Joe Biden's election victory was illegitimate.
Millions of Americans with young children have relied on the child tax credit since the federal government began issuing checks in July 2021. The last round of payments was sent out just before the Christmas holiday — at the same time as the omicron variant surged. Leah Hamilton, associate professor of social work at Appalachian State University, joined Cheddar to discuss what the end to the tax credit means as the U.S. sees the end of many relief programs and its highest number of COVID cases since the start of the pandemic. "It'll become harder for families to meet their basic needs, increasing national childhood poverty rates and the proportion of families who have difficulty putting food on the table, maintaining stable housing, and paying their bills," Hamilton said. She also pointed to research that the credit as a long-term investment in children offsets claims that it contributes to macroeconomic impacts like inflation.
U.S. President Joe Biden spoke with Ukrainian President Volodymyr Zelensky over the week-end, just days after he spoke with Russian President Vladimir Putin. The call comes as Washington prepares to meet with Moscow on January 10, as tensions mount over Russia's military build up near its border with Ukraine. Cheddar News speaks with Mustafa Tameez, a former advisor to the U.S. Department of Homeland Security, about the issue.
Several Silicon Valley insiders are being accused of contorting a 1990s-era tax break to avoid taxes on millions of dollars of investment profits. The tax break is known as the qualified small business stock exemption, and it allows early investors in certain companies to avoid half of the taxes on up to $10 million in capital gains. A piece recently published in the New York Times says venture capital firms like Andreessen Horowitz replicated the tax exemption by giving shares of companies to friends and family, who would otherwise face a 23.8% capital gains bill. The CEO of Roblox is also accused of replicating the tax break for his family members at least 12 times. Although the loophole known as 'stacking' is considered to be legal, the Times piece implies that the exemption has been manipulated for the ultra-wealthy to become more wealthy. Greycroft co-founder and Chairman Emeritus Alan Patricof joins Cheddar News' Closing Bell to discuss.
Chris Sommerfeldt, City Hall reporter for the New York Daily News, joins Cheddar News' Closing Bell, where he discusses both the wins and losses of Bill de Blasio's eight years as New York City Mayor.
The push to regulate the gig worker economy is gaining steam as the share of workers who participate in freelancing through businesses like Uber and Lyft have also exponentially grown during the pandemic. Employment attorney Mark Kluger, founding partner at Kluger Healey, LLC, joined Cheddar to break down how the battle to reclassify gig workers will continue in the new year, and why the issue continues to generate conflict. "More and more workers are using gig work as their primary source of income and as a result of that they are not like employees in the sense that they don't have benefits like health insurance," Kluger noted.
2021 saw markets continue to be impacted by the onslaught of the coronavirus pandemic -most recently in the form of the Omicron variant- in addition to the global supply chain shortage, and increased inflation. But it wasn't all bad news, as crypto soared throughout the year, and meme stocks continued to have a moment. With the year coming to a close, investors are keeping an eye out to see if they should expect more of the same in the new year. Chris Vecchio, Senior Analyst, at DailyFX tells us what market trends to be on the watch for in 2022.
