President Donald Trump announced Wednesday night that he will instruct the Treasury Department to allow individuals and businesses negatively affected by the coronavirus to defer their tax payments beyond the April 15 filing deadline.
The House and Senate on Wednesday both passed Senate Bill 1, which increases the legal tobacco age and doubles the fines stores could face for selling smoking or vaping products to anyone younger than 21.
The decision follows news that a player has tested positive for the virus. A source said the league expects the shutdown to last a minimum of two weeks.
President Donald Trump said he is suspending all travel between the United States and Europe beginning Friday as he seeks to combat the viral pandemic. The move was one of several executive actions he announced to the nation Wednesday night.
The decision came less than two hours after the NCAA said it would play its March Madness games in empty stadiums and shortly after the first Big Ten game tipped off at Bankers Life Fieldhouse.
NCAA President Mark Emmert announced the games will be open only to “essential staff and limited family attendance.”
The losses accelerated after health authorities declared the outbreak a pandemic, and brought the U.S. stock market to the end of one of its greatest-ever runs.
The Indiana State Department of Health on Wednesday said the number of presumptive positive cases for COVID-19 has risen to 10 in the state after the emergence of four more cases.
Alarming clusters of the coronavirus grew on both coasts of the United States on Tuesday, with more than 70 cases now tied to a biotech conference in Boston and infections turning up at 10 nursing homes in the hard-hit Seattle area.
The Indianapolis-based NCAA faced mounting pressure over how it will conduct its marquee event Tuesday, the same day the Ivy League canceled its conference basketball tournaments and two other Division I conferences announced that their tournaments would be played without spectators.
No staff members or lawyers at Faegre Drinker Biddle & Reath had tested positive for COVID-19, but a person who attended a firm event in Faegre Drinker’s Washington office had tested positive. Employees are now working remotely.
Wall Street endured another day of dizzying trading Tuesday, whipping up and down with hopes that the U.S. and other governments will cushion the economy from the pain of the coronavirus.
Markets received a bump around midday Tuesday after Vice President Mike Pence said the nation’s big health insurers would cover co-pays for coronavirus testing.
Delta, the world’s biggest airline, said it will cut international flights by 20% to 25% and reduce U.S. flying by 10% to 15%, roughly matching cuts previously announced by United Airlines.
The Indiana State Department of Health on Tuesday said it had so far tested 36 Hoosiers for the coronavirus responsible for COVID-19.
The president also said he was seeking to provide assistance to the airline, hotel and cruise industries, which are all suffering as Americans rapidly cancel travel plans.
More than 380 schools have closed their doors because of the outbreak, moves that have affected nearly 260,000 students, according to a count by the education publication EdWeek.
The Dow Jones industrial average on Monday suffered its steepest drop since the financial crisis of 2008.
The steep drop followed similar falls in Europe after a fight among major crude-producing countries jolted investors already on edge about the widening fallout from the outbreak of the new coronavirus.
This is the third reported positive test for COVID-19 in Indiana, and the second in Hendricks County.
