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The White House is preparing to announce a second coronavirus task force — this one focused on the economic elements and opening the economy, two senior administration officials and a person familiar with the discussions tell ABC News.
This task force will include Treasury Secretary Steve Mnuchin, Trump’s top economic adviser Larry Kudlow and some other top administration officials as well as others from the private sector, sources said.
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The news of a potential economic task force was first reported by the Washington Post.
The plans are not yet finalized, but sources say the rollout could be ready as soon as today.
Chief of Staff Mark Meadows will likely lead the team, but sources say his role is not yet finalized.
Trump Team Preps Plans to Reopen Economy That Depend on Testing
By Mario Parker. Bloomberg, April 7, 2020, 5:17 PM EDT Updated on April 8, 2020, 11:21 AM EDT
The White House is developing plans to get the U.S. economy back in action that depend on testing far more Americans for the coronavirus than has been possible to date, according to people familiar with the matter.
The effort would likely begin in smaller cities and towns in states that haven’t yet been heavily hit by the virus. Cities such as New York, Detroit, New Orleans and other places the president has described as “hot spots” would remain shuttered.
The planning is in its early stages. But with encouraging signs that the outbreak has plateaued in New York after an aggressive but economically costly social-distancing campaign, President Donald Trump and his top economic advisers are once again boldly talking about returning Americans to work.
“We’re looking at the concept where we open sections of the country and we’re also looking at the concept where you open up everything,” Trump told Sean Hannity of Fox News on Tuesday night.
National Economic Council Director Larry Kudlow Speaks At White House
Larry Kudlow, the director of the National Economic Council, said earlier Tuesday on Fox News that reopening might begin within four to eight weeks.
“We are coming down, I think, the home stretch, that’s what the health experts are telling us,” he said at a White House event. “Once we can reopen this thing, I think it’s going to be very successful.”
The S&P 500 surged 7% Monday on investor optimism that the U.S. and other countries were potentially turning the corner in the outbreak with a slowing death toll. The index fell slightly Tuesday.
Trump has sought a pathway to return Americans to work and schools since early March, even when his top health advisers recommended against it. As the outbreak mushroomed to hundreds of thousands of cases — filling hospitals in New York City and threatening to overwhelm health systems elsewhere — he backed away from a return to normal until at least the end of April.
The rest of the article is your standard Blommberg anti-Trump tripe. Don’t bother …..
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