U.S. President Donald Trump declared a national emergency to combat coronavirus on Friday. At least 2,033 COVID-19 cases have been confirmed in the United States, CNN reported citing state and local health agencies, governments and the US Centers for Disease Control and Prevention. 48 people have died so far.

Trump said his administration would free up to 50 billion U.S. dollars, which he described as "a large amount of money for states and territories and localities in our shared fight against this disease" in a Rose Garden press conference.

Democrats in the House of Representatives have reached a deal with Trump's administration and will soon pass it, House Speaker Nancy Pelosi said on Friday.

The bill would make coronavirus testing free and provide for two weeks of paid sick and family leave for people affected by the virus pandemic.

Following the worst day since the 1987 "Black Monday" crash, U.S. stocks bounced back on Friday and recorded their best day since 2008. The S&P 500, the Dow and the Nasdaq Composite all closed with gains of more than nine percent.

As many as 16 states have closed schools due to coronavirus concerns, according to CNN's tally.

Asked by reporters on why he hasn't been tested for coronavirus, Trump said that he "most likely" will get tested but didn't say when.

(Cover Photo: AP Photo)