July 24, 2024

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Passion For Business

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

Cities, states and Washington sought approaches to mitigate the blow of the novel coronavirus as firms shut, the European Union prepared 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 plan that would involve about $250 billion in immediate payments, in accordance to a White Residence formal. The Federal Reserve also took ways to stop more strains in limited-term industrial credit card debt marketplaces. The moves…