President Trump held a press conference Friday afternoon and declared the coronavirus a national emergency . This allows access of up to 50 billion dollars in direct federal aid to states hit by the health crisis under the Stafford Disaster Relief Act. The President also declared it an emergency under the National Emergencies Act which allows the Dept. Of Health and Human Services to waive certain guidelines related to medicare and medicaid to address the coronavirus. This announcement comes after the World Health Organization designated coronavirus as a global pandemic.