As U.S. Tries to Slow Coronavirus Impact, Europe Hunkers Down

Cities, states and Washington sought methods to mitigate the blow of the novel coronavirus as organizations shut, the European Union prepared to shut its borders, and fears of a pandemic-induced economic downturn saved marketplaces on edge.

U.S. Treasury Secretary Steven Mnuchin is pitching Senate Republicans on a $1 trillion stimulus system that would involve around $250 billion in immediate payments, in accordance to a White Home formal. The Federal Reserve also took techniques to protect against further more strains in shorter-time period professional credit card debt marketplaces. The moves…