04/04/2020

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

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…