Wednesday News Executive Summary
A hellish few weeks coming, stocks’ bad quarter, infrastructure bill, and more.
The Latest on Coronavirus
“This could be a hell of a bad two weeks”: White House projects 100,000 to 240,000 coronavirus deaths as Trump tells U.S. to prepare (Fox News)
Stocks close historically bad quarter with losses; Dow, S&P 500, and Nasdaq all down between 15% and 24% (The Hill)
Larry Hogan and Gretchen Whitmer: What governors need from Washington during this health emergency (The Washington Post)
How South Korea reined in the outbreak without shutting everything down (NPR)
New Jersey backs down on gun-store closures (The Washington Free Beacon)
Christian round-ups continue: Seven arrested for praying near Greensboro abortion clinic during stay-at-home order (PJ Media)
Government & Politics
An answer to China? Trump calls for $2 trillion infrastructure bill as “Phase 4” of coronavirus response (Fox News)
GOP congressman introduces bill to rescind $25 million bailout after Kennedy Center lays off employees (National Review)
For the record: Ten insanely wasteful spending items in the relief bill (The Federalist)
“Millionaires don’t need a new tax break”: In ironic turnabout, Grassley blasts Pelosi’s attempt to eliminate SALT deduction cap (National Review)
The rule of men: DOJ IG checked 29 more FBI spy warrants and found problems with all of them (The Daily Caller)
Unconstitutional ban? District court finds bump-stock proscription may constitute a taking, because the federal government lacks a police power (The Volokh Conspiracy)
National Security
“Preparing for worst-case scenarios”: The U.S. military’s dealing with the virus — but keep it a secret (RealClearInvestigations)
With friends like these, who needs enemies? Chinese propaganda is now citing U.S. journalists’ and Democrats’ coronavirus rhetoric (Washington Examiner)
Marine Corps plans to cut tanks, shrinks F-35 squadrons to confront China (Naval Technology)
Closing Arguments
Policy: Even during these dark days, it’s not all bad news in the jobs market (New York Post)
Policy: Why it’s so hard to escape anti-poverty programs (Foundation for Economic Education)
Humor: BREAKING: Congress given permanent stay-at-home order for the safety of the country (Genesius Times)
For more of today’s editors’ choice headlines, visit In Our Sights.
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