WASHINGTON –The first coronavirus vaccine tested in the U.S, developed by Moderna Inc. and the National Institutes of Health, has shown hoped-for results and is now ready for key final testing, the most important step to determine if it’s effective and safe, in about two weeks. Researchers reported Tuesday (July 14th) that the first 45 volunteers who were injected with the experimental vaccine developed antibodies at levels comparable to people who’d survived a case of COVID-19. Dr. Anthony Fauci, the nation’s top infectious disease expert, told AP, “No matter how you slice this, this is good news.” It’s hoped that results of the final testing will be available by the end of the year. 

Meanwhile, Florida passed its daily record for coronavirus deaths yesterday, reporting 132 and raising the state’s seven-day average to 81 deaths per day, more than double what it was two weeks ago, and bringing it to the second-highest in the U.S., behind only Texas. In Arizona, another coronavirus hot spot, the state reported a record number of hospitalized coronavirus patients, 3,517, and an additional 92 deaths. There have been more than 136,400 deaths in the U.S. as of early this morning, according to Johns Hopkins University’s count, and more than 3,431,000 confirmed cases.

Click here for more information.

WASHINGTON — The U.S. had its biggest monthly budget deficit in history in June, $864 billion, driven by federal spending on programs to help deal with the economic impact of the coronavirus shutdowns, including the Paycheck Protection Program to help small businesses keep paying their workers, and the extra $600 per week in unemployment benefits. The total deficit for the first nine months of the budget year, which began on October 1st, is a record $2.74 trillion.

Click here for more information.

PORTLAND, Maine (AP) — U.S. Sens. Susan Collins of Maine and Maggie Hassan of New Hampshire have introduced a bill that would help spouses of active-duty service members save for retirement by expanding access to employer-sponsored retirement plans. Collins and Hassan said the economic and health effects of the coronavirus pandemic pose an additional threat to saving for retirement, and military spouses face another hurdle. When military service members experience a permanent change of station move, their spouses often relocate with them, putting their own careers on hold. Under the Military Spouse Retirement Security Act, small employers, those with 100 workers or fewer, would be eligible for a tax credit up to $500 per year per military spouse.

For more information click here.