Coronavirus live updates: Illinois governor warns states are competing for supplies — Its a Wild West

This is CNBC’s 24-hour blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This live blog will be updated throughout the day as the news breaks.

  • Global cases: More than 311,000
  • Global deaths: At least 13,407
  • U.S. cases: At least 26,747
  • U.S. deaths: At least 340

The data above was compiled by Johns Hopkins University —

llinois Gov. JB Pritzker said the state only received a fraction of supplies requested from FEMA. The shortage of supplies continues to result in states competing against each other for critical personal protective equipment in the open market.

“This should have been a coordinated effort by the federal government…It’s a Wild West out there…Indeed we’re overpaying for PPE because of that competition,” Pritzker said on CNN’s “State of the Union.”

The governor also mentioned that there should have been a national stay at home order. Pritzker said he instituted one for his state because he has to protect the 12.7 million people that live in Illinois.

“It will work…Unless we tell people to stay home and to stop interacting in the way that they were, we’re going to see…tens of thousands of more deaths,” Pritzker said. —Alexandria White

Secretary of the Treasury Steve Mnuchin said Sunday the administration is working with the Federal Reserve to offer up to $4 trillion in liquidity financing that can be used to support the economy.

“We can lever up to $4 trillion to help everything from small businesses to big businesses to get through the next 90 to 120 days,” Mnuchin said on Fox News Sunday.

Mnuchin also said the administration is trying to reach a deal with Congress today regarding an economic relief package that could top $1.8 trillion. Highlights of the package include small business retention loans that would give businesses two weeks of cash flow, a direct deposit for Americans with the average deposit being $3,000 for a family of four and enhanced unemployment insurance for people laid off because of the coronavirus.

Hospitals would also receive approximately $110 billion in aid, according to Mnuchin. —Hannah Miller

New York City Mayor Bill de Blasio said the coronavirus pandemic will worsen in the next few months and urged the federal government to employ the U.S. military to help combat the outbreak. 

“The president will not lift a finger to help his hometown. … I can’t be blunt enough: If the president does not act, people will die who could have lived otherwise,” the mayor said on NBC News’ “Meet the Press.” 

The mayor said that ventilators produced anywhere in the country should be sent to New York within the next 10 days. The state has become the most affected area in the country and is seeing a surge in cases every day.

 A bulk of the cases are in New York City, which now accounts for about one-third of all cases in the the country.

“Our federal government needs to be in this fight rather than on the sidelines,” de Blasio said. —Emma Newburger 

U.S. airlines on Saturday warned they will have to furlough workers unless Congress approves a $58 billion aid package that includes grants, not only loans, as the industry reels from the impact of coronavirus.

Senate Republicans last week proposed legislation that included a $58 billion in aid for passenger and cargo carriers, but in the form of loans airlines would later have to repay.

“Time is running out,” wrote the CEOs of Southwest, Delta, Alaska, American, United, JetBlue, Hawaiian, UPS Airlines and FedEx, and their lobbying group, Airlines for America, to congressional leaders. It was one in a series of grim messages from airline chiefs and labor unions this week about the abrupt collapse in bookings that coronavirus caused and the potential toll on workers. “Unless worker payroll protection grants are passed immediately, many of us will be forced to take draconian measures such as furloughs.”

U.S. airlines employ close to 750,000 people and airlines are now shrinking their international networks to the smallest in decades, cutting thousands of domestic flights, parking hundreds of jets and urging employees to take unpaid leave, in a bid to save cash as demand crumbles. —Leslie Josephs

Source: https://www.cnbc.com/2020/03/22/coronavirus-live-updates-feds-bullard-calls-shutdown-massive-investment-in-public-health.html

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