• A group of 50 Democratic and Republican members of Congress is due to unveil a $1.5 trillion bipartisan coronavirus relief package today, in an election year effort to break a monthlong impasse in COVID-19 talks between the White House and top Democrats, Reuters reports.
• Louisiana is running out of the money it has saved to make unemployment payments. Without congressional action, the state will have to raise taxes on businesses and reduce weekly unemployment payout, WAFB-TV reports. Gov. John Bel Edwards says the coronavirus has whittled the state’s unemployment savings account from roughly $1.1 billion to $143 million. When the account balance drops below $100 million, the state must take out a loan from the U.S. Department of the Treasury to ensure unemployment payments continue. If Louisiana is forced to take out a loan, state law mandates a surtax of up to 30% on taxable payroll be imposed on employers.
• Global deaths from COVID-19 are accelerating as the worldwide death toll approaches 1 million. The World Health Organization reported deaths rose by 8% last week compared to the week before, with more than 40,600 fatalities recorded, CNBC reports.
Read more stories on how the coronavirus is impacting the Baton Rouge business community. See a roundup of resources available to those impacted by the pandemic. Click here to see a 225 magazine list of local restaurants offering patio seating or indoor dining during phase three of reopening.