NYC mayor seeks federal aid as coronavirus costs New York $7.4 billion in lost tax revenue

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NYC mayor seeks federal aid as coronavirus costs New York $7.4 billion in lost tax revenue
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NYC Mayor seeks federal aid as coronavirus costs New York $7.4 billion in tax revenue

That would help plug holes in budgets devastated by the government quarantines and help fund needed services, including police, fire and emergency response.

De Blasio said Congress should direct $100 billion to hospitals and health-care workers and $250 billion to small businesses and paycheck protection for workers, de Blasio said. "The federal government was very quick to bail out the banks a decade ago no questions asked. The federal government was very quick to bail out the auto industry," de Blasio said. "How about bailing out the nation's largest city? How about bailing out the epicenter of this crisis where people are suffering?"

The coronavirus has infected more than 118,300 people in New York City, including 10,899 deaths, according to data compiled by Johns Hopkins University. The New York metropolitan area is suffering from the worst outbreak in the U.S.

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