WASHINGTON (AP) - President Donald Trump has announced that he is officially declaring a national emergency over the new coronavirus.
The president spoke at Rose Garden press conference and said no resource will be spared in responding to the virus. He says that the declaration will free up nearly $50 billion to help the states and cities.
Trump says he is also asking every hospital in the U.S. to activate their emergency preparedness plan.
Trump says he will waive interest on student loans being held by the federal government “until further notice” as part of an emergency action to help Americans deal with the new coronavirus.
He has also instructed his secretary of energy to purchase large quantities of crude oil for the Strategic Petroleum Reserve, which stores fuel for emergency use.
Trump says “we’re going to fill it right up to the top” and the move would save American taxpayers and help the oil industry. Trump made the announcements during a White House press conference on Friday.