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

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Metropolitan areas, states and Washington sought ways to mitigate the blow of the novel coronavirus as businesses shut, the European Union planned to shut its borders, and fears of a pandemic-induced economic downturn retained marketplaces on edge.

U.S. Treasury Secretary Steven Mnuchin is pitching Senate Republicans on a $one trillion stimulus system that would contain about $250 billion in immediate payments, in accordance to a White Property official. The Federal Reserve also took actions to reduce more strains in shorter-time period business debt marketplaces. The moves…