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

Cities, states and Washington sought techniques 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 saved marketplaces on edge.

U.S. Treasury Secretary Steven Mnuchin is pitching Senate Republicans on a $one trillion stimulus program that would include about $250 billion in immediate payments, in accordance to a White Household formal. The Federal Reserve also took techniques to protect against further strains in small-term professional financial debt marketplaces. The moves…