10 states in US that represent 38% of Economy plan for slow re-opening

US News of note

https://www.reuters.com/article/us-health-coronavirus-usa-states/ten-u-s-states-developing-reopening-plans-account-for-38-of-u-s-economy-idUSKCN21W1D6

SAN FRANCISCO (Reuters) – The ten U.S. states coordinating plans separately from the White House to reopen businesses shut by the coronavirus are responsible for an outsized proportion of the U.S. economy.FILE PHOTO: U.S. President Donald Trump addresses the daily coronavirus task force briefing at the White House in Washington, U.S., April 13, 2020. REUTERS/Leah Millis

On Monday, three states on the U.S. West Coast, led by California Governor Gavin Newsom, and seven on the East Coast, led by New York Governor Andrew Cuomo, said they will develop coordinated regional plans.

With the exception of Massachusetts, all are led by Democratic governors.

Collectively the ten states generated 38.3% of the total U.S. economic output in the fourth quarter of 2019, highlighting how much of the U.S. economy depends on its most populous states.

For a graphic, please see reut.rs/2VsHfYC

California and New York, the biggest and third-biggest states respectively, account for about 23% of total U.S. economic output, figures from the Bureau of Economic Analysis show.

Announcements about the pacts to coordinate plans came after Republican President Donald Trump declared any decision on reopening the economy was up to him. The White House is preparing its own plans which are expected to be announced soon.

But Trump also suggested he would prefer to defer to governors. “I’d rather have them make the decision,” he said in his daily news conference.

The U.S. constitution gives state authorities the power to police citizens and regulate public welfare.

Outside of the two coalitions, the two states with the biggest contribution to GDP are Texas and Florida, which together account for 14%. Both are led by Republican governors

The U.S.’s 50 states generated $21.4 trillion in total economic output in 2019, from widely different industries. Finance dominates in New York, for example, agriculture and tourism in Florida.

California will detail its plan with Oregon and Washington on Tuesday, Newsom said Monday.

In the U.S. Northeast, the states of New York, New Jersey, Connecticut, Delaware, Pennsylvania, Rhode Island and Massachusetts will coordinate to gradually reopen their economies. Each state will ultimately make its own decisions based on its specific needs, Cuomo said.

Reporting by Ann Saphir and Heather Timmons; Editing by Edwina Gibbs

No Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Economy
Logistics trake center stage amid Middle East turmoil.

https://www.laestrella.com.pa/panama/nacional/las-7-claves-de-panama-y-el-mundo-jueves-12-de-marzo-DM20686522 The departure of Cosco Shipping from the port of Balboa, the visit of the Ukrainian minister and legislative reforms mark the day.  Daily Mail: Mujtaba Khamenei is reportedly in a coma after attacks and has lost a leg  Trump criticizes Spain for not supporting offensive against Iran: ‘Perhaps we’ll …

"JB"
OK,……so what was the NEXT MOVE????? This MF’er looks EXACTLY LIKE the one that was TAKEN OUT!!!

“Strait of Hormuz”, is the CANAL of the opposite hemisphere. OIL prices are up my ass and tell me what exactly was accomplished?    Can you tell the difference between this crazy bastard, and the one taken out with a cruise missile?? https://www.laestrella.com.pa/mundo/nuevo-lider-de-iran-lanza-su-primera-orden-y-pone-en-alerta-al-mundo-EM20683645   Iran’s new supreme leader, Ayatollah Mokhtaba …

"JB"
PNO. Your link to the KRISTI NOEM “GFY” Ground Zero!!!! Soon to be seen on BRAZZERS!!!!

https://www.msn.com/en-us/news/insight/trump-fires-noem-after-dhs-scandals/gm-GM168AAB94?gemSnapshotKey=GM168AAB94-snapshot-0&uxmode=ruby&ocid=edgdhpruby&pc=U531&cvid=69aa8138cef74327b52eb2c1d8e8de5b&ei=9 “JB”-  Please enjoy your Friday and get your fill of every single article on this “DAY SHIFT” stripper that has been running DHS into a Global Disgrace!!!!!!   PNO is NOT POLITICAL…..but “GODDAMNIT” I hate this rotten and posionous,$220 Million Horse Riding, Cowboy Hat wearing, LYING, RACIST, See You Next …