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

Metropolitan areas, states and Washington sought strategies to mitigate the blow of the novel coronavirus as businesses closed, the European Union prepared 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 $one trillion stimulus program that would consist of about $250 billion in direct payments, in accordance to a White House formal. The Federal Reserve also took measures to protect against even further strains in limited-time period professional debt marketplaces. The moves…