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US $2Trln COVID-19 Package Fails to Address New York State Revenue Loss - Governor

© REUTERS / CARLO ALLEGRIA pedestrian crosses a deserted 7th Ave in Times Square during the outbreak of Coronavirus disease (COVID-19), in the Manhattan borough of New York City, New York, U.S., March 26, 2020.
A pedestrian crosses a deserted 7th Ave in Times Square during the outbreak of Coronavirus disease (COVID-19), in the Manhattan borough of New York City, New York, U.S., March 26, 2020.  - Sputnik International
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NEW YORK (Sputnik) - The $2 trillion US coronavirus (COVID-19) stimulus package provides New York State with $5 billion to respond to the outbreak, yet falls far short of addressing the state’s lost revenue, Governor Andrew Cuomo said in a press briefing on Thursday.

"New York State receives $5 billion from the stimulus. And it's earmarked only for COVID virus expenses, which means it does absolutely nothing for us in terms of lost revenue to the state," Cuomo said. "The Congressional action, in my opinion, simply failed to address the governmental need".

New York will lose $10-15 billion in revenue due to the pandemic, which is "a ton of money" for the state’s budget, according to the governor.

"I am disappointed… I find it irresponsible; I find that reckless," Cuomo said, adding that this was the opportunity to "put politics aside".

On late Wednesday, the US Senate voted to pass an unprecedented $2-trillion economic stimulus bill hotly-debated between the GOP and the Democrats. The bill was passed in the Senate with a final vote of 96-0 with four Senators absent.

On Thursday, New York State reported 385 deaths related to COVID-19, while 37,258 people have tested positive for the virus.

The US has now surpassed most other affected countries, to become the third-largest coronavirus hotbed outside of China and Italy, with some 63,570 infections and at least 884 deaths, according to World Health Organization (WHO) data.

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