Overnight Health Care: Biden visits Pfizer vaccine manufacturing plant in Michigan | Snow delays 6 million doses | Israeli study provides new evidence in one-dose debate thehill.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehill.com Daily Mail and Mail on Sunday newspapers.
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Biden to commit $4 billion in immediate funding to global vaccine initiative
President Biden will announce Friday that the United States is sending $4 billion to Gavi, The Vaccine Alliance, to support Covax, the global initiative to develop and distribute coronavirus vaccines to lower income countries.
The $4 billion amount includes $2 billion in funding that will go out immediately.
Biden will make the announcement during an appearance at a virtual meeting of Group of Seven (G7) leaders on Friday, according to senior administration officials.
In addition to the $2 billion in immediate assistance, Biden will commit to gradually releasing another $2 billion in funding to Gavi as part of an effort by the U.S. to secure more donor commitments to the vaccine program.
The Federal Reserve repeated in minutes of its January meeting released on Wednesday that fiscal and monetary policy in a pandemic cannot by themselves throttle a pathogen. It will take ample supplies of vaccines and herd immunity to return to the “before” times. Vaccines, masks and social distancing, mixed with aid from Congress, could improve the economic outlook, according to the nation’s central bank (The Washington Post).
Ahead is a fast-moving legislative timeline as the House returns to Washington next week eager to adopt by the end of February a relief blueprint that mirrors the president’s plan. Racing to get ahead of expiring unemployment relief programs, Democrats hope to clear a mammoth bill by mid-March in the Senate without losing a single Democratic vote. Easier said than done.
Overnight Health Care: Biden administration ups vaccine distribution to states | HHS pick to get Senate hearing next week | Average daily new coronavirus cases dip below 90K thehill.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehill.com Daily Mail and Mail on Sunday newspapers.