Here is the latest news from The Associated Press at 4:40 p.m. EDT

WASHINGTON (AP) — President Donald Trump has signed an unprecedented $2.2 trillion economic rescue package into law, after swift and near-unanimous action by Congress this week. The package will support businesses, rush resources to overburdened health care providers and help struggling families during the deepening coronavirus epidemic. As he signed the bill Friday, Trump declared it “will deliver urgently needed relief.” He thanked members of both parties for putting Americans “first.” The House passed the legislation earlier Friday by voice vote. The legislation will speed government payments of $1,200 to most Americans and increase jobless benefits for millions of people thrown out of work. Businesses big and small will get loans, grants and tax breaks.

DETROIT (AP) — President Donald Trump has issued an order that seeks to force General Motors to produce ventilators for coronavirus patients under the Defense Production Act. Trump says negotiations with General Motors had been productive, “but our fight against the virus is too urgent to allow the give-and-take of the contracting process to continue to run its normal course.” Trump says “GM was wasting time” and says his actions will help ensure the quick production of ventilators that will save American lives.

NEW YORK (AP) — Stocks fell more than 3% on Wall Street Friday, giving back part of the gains they piled up over the past three days. The S&P 500 rose 10.3% this week, its biggest gain since 2009, as traders became hopeful that a $2 trillion relief bill would ease the severe economic damage being caused by shutdowns related to the coronavirus. The Dow Jones Industrial Average's 12.8% weekly gain was its biggest since 1938. Even after the rally this week the market is still down 25% from the peak it reached a month ago. Crude oil prices fell again, spelling more trouble for energy companies.

WASHINGTON (AP) — The head of the International Monetary Fund said Friday it is clear that the global economy has now entered a recession that could be as bad or worse than the 2009 downturn. IMF Managing Director Kristalina Georgieva said the 189-nation lending agency was forecasting a recovery in 2021, saying it could be a “sizable rebound.” But she said this would only occur if nations succeed in containing the coronavirus and limiting the economic damage. She said a key concern was whether the sudden halt in activity might trigger a wave of bankruptcies and layoffs.

UNDATED (AP) — States are pulling back the welcome mat for travelers from the New York area, which is the epicenter for the nation's outbreak. Governors in Texas, Florida and Maryland this week ordered people arriving by plane from the New York area to self-quarantine for at least 14 days. Connecticut officials have pleaded to New Yorkers not to visit unless absolutely necessary. But the most dramatic steps taken to date come from Rhode Island, where state police are pulling over drivers with New York plates to collect their contact information and the National Guard is enforcing the order at bus stations, train stations and airports.

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