Trump resists calls to order output

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President Trump resisted calls from governors and others to use war powers invoked last week to order production of medical supplies needed to fight the coronavirus, asking instead for voluntary commitments from companies. Meanwhile, the Federal Reserves unveiling of a new, multi-pronged program to buy debt in a bid to shore up credit markets failed to appease stocks, as a Congressional stalemate over economic stimulus wore on.More U.S. developments:Los Angeles schools will remain closed through May 1.nbsp;The second-largest school district in the country says it will continue to review the situation. Across the U.S., schools and universities have sent home an unprecedented number of students to stem the spread of the virus.Trump ordered The Federal Emergency Management Agency to supply New York, California and Washington with thousands of hospital beds, after earlier issuing a Major Disaster Declaration for New York, opening access to billions in aid for the state.Jails across more than a dozen states are releasing low-level offenders and elderly or sickly inmates to prevent an outbreak.St. Louis Fed chief James Bullard said in an interview with Bloomberg that the U.S. unemployment rate could hit 30% in the second quarter.Washington, which has over 1,600 cases of the coronavirus, is running out of ventilators. The chief medical officer at Virginia Mason Memorial in Yakima said his hospital will likely run out of the life-saving machines by April 8.Hawaii has ordered a 14-day quarantine for all arrivals, including tourists and returning residents. It starts Thursday and those not adhering to the policy could incur up to $5,000 in fines, a year’s imprisonment or both.nbsp;Philadelphia, Louisiana, New Jersey and Illinois are the latest states to order stay at home lockdowns. New York and Connecticut did similar on Friday.nbsp;U.S. border closures to nonessential travelers from Canada and Mexico are in effect.nbsp;The State Department suspended routine visa services at all U.S. consulates and embassies.

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