Cities, states and Washington sought approaches to mitigate the blow of the novel coronavirus as corporations 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 $1 trillion stimulus approach that would include around $250 billion in immediate payments, according to a White Residence formal. The Federal Reserve also took techniques to protect against additional strains in small-term professional personal debt marketplaces. The moves…
