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

Metropolitan areas, states and Washington sought techniques to mitigate the blow of the novel coronavirus as firms closed, the European Union planned to shut its borders, and fears of a pandemic-induced recession held marketplaces on edge.

U.S. Treasury Secretary Steven Mnuchin is pitching Senate Republicans on a $1 trillion stimulus system that would include things like around $250 billion in direct payments, in accordance to a White Residence formal. The Federal Reserve also took actions to reduce further strains in limited-phrase industrial credit card debt marketplaces. The moves…