The United States recorded 1.24 million cases of COVID-19 as of 6 May, currently the most of any country in the world.
Many states are acting to contain viral spread through 'state shutdowns' or mass closures of businesses and orders to stay inside the home. For a helpful resource from the US Chamber of Commerce that provides state by state business reopening guidance, see here.
With no national-level restrictions in place, Americans can still legally travel from one area to another, but domestic air travel has almost entirely halted because of efforts to socially distance and contain the outbreak.
The S&P is in a slump, with stocks down more than 20 percent this year, and March 2020 representing the worst month for stocks since 2008. The stock market has slightly rebounded but is experiencing extreme volatility day to day. Economic indicators are low, and unemployment has continued to escalate, with 30 million people applying for unemployment benefits in the US.
Along with the CARES Act (detailed below), Congress is also considering enacting a new infrastructure plan to create thousands of new jobs. CARES Act 2.0 is in development and expected to be released this summer.