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3.27pm BST

Banks are warning the $350 billion small business loan program may not be ready by Friday as scheduled.

Politico reports:

The lenders complain that Treasury Secretary Steven Mnuchin boxed them in with an unrealistic deadline and that the ground rules they’ve been given for the program, which is intended to deliver rapid aid to a huge number of ailing businesses, could delay the assistance for weeks or longer.

The banks, which will be responsible for processing loan applications and doling out money, are expecting millions of applications from businesses. Some fear a disaster that could dwarf the failed kickoff of the Obamacare enrollment web site in 2013.

3.08pm BST

Georgia’s governor said he only learned days ago that those with coronavirus who show no symptoms can still spread the virus, an astounding claim from a state leader considering health experts have been warning about asymptomatic transmissions for weeks.

A stunning admission of deadly ignorance from Georgia Gov. Brian Kemp, who says he only just learned that asymptomatic people can transmit #Covid19. “[I]ndividuals could have been infecting people before they ever felt bad, but we didn’t know that until the last 24 hours.” pic.twitter.com/T7NZWk2GDR

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