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 economic downturn held marketplaces on edge.

U.S. Treasury Secretary Steven Mnuchin is pitching Senate Republicans on a $one trillion stimulus strategy that would contain roughly $250 billion in immediate payments, according to a White Household official. The Federal Reserve also took methods to protect against even more strains in shorter-time period industrial personal debt marketplaces. The moves…