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The Pentagon said Iran War costs $29 billion, but the real cost is closer to $200 billion—and counting

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The Pentagon said Iran War costs $29 billion, but the real cost is closer to $200 billion—and counting

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After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

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Amazon's record Prime Day masks a darker truth: Americans are spending more and getting less
HealthCoronavirus

Biden plans to order 500 million more rapid COVID-19 tests to fight Omicron

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Josh Wingrove
Josh Wingrove
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Courtney Rozen
Courtney Rozen
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Bloomberg
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By
Josh Wingrove
Josh Wingrove
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Courtney Rozen
Courtney Rozen
, and
Bloomberg
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January 13, 2022, 11:11 AM ET
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President Joe Biden plans to order an additional 500 million rapid COVID tests to send to Americans, doubling the number the administration is already in the process of acquiring, as demand outstrips supply.

The new order is designed to ensure the U.S. has enough to meet future needs, a White House official said. Biden plans to discuss the additional order during remarks at the White House on Thursday.

The announcement comes as the U.S. is facing a shortage of tests and long lines at testing centers across the country, the result of a spike in cases from the Omicron variant. Retailers, schools, and local governments are having trouble keeping at-home kits in stock.

Biden in December announced his administration plans to send the 500 million already being ordered at no charge to Americans who request them.

The initial order is set to begin shipping this month, but the administration has not said how long it will take for it to receive all those tests and make them available. 

Tom Inglesby, Biden’s testing coordinator, said this week that the government will use its purchasing power to to keep test production high, even as demand recedes, as a way to prevent future shortfalls.

The administration is tapping existing supplies of test kits stored in warehouses for the 500 million tests he promised last month. The suppliers has a stockpile of unused COVID-19 tests, Dawn O’Connell, Health and Human Services assistant secretary for preparedness and response, told a Senate panel Tuesday.

The White House will release details on how to order them by the end of this week, White House Press Secretary Jen Psaki said Wednesday, adding that Biden’s team will finish signing deals to buy the tests within two weeks.

Biden also promised earlier this week that he would supply 5 million free rapid tests per month to schools, separately from the millions he’ll provide to the general public.

—With assistance from Jenny Leonard.

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