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 corporations shut, the European Union planned to shut its borders, and fears of a pandemic-induced recession saved marketplaces on edge.

U.S. Treasury Secretary Steven Mnuchin is pitching Senate Republicans on a $1 trillion stimulus prepare that would include things like roughly $250 billion in immediate payments, in accordance to a White Property official. The Federal Reserve also took methods to avert even further strains in quick-expression industrial debt marketplaces. The moves…