Trump fast tracks stimulus package announcement

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US president is under increased pressure after days of steep losses in global markets, recession fears. FMTNews Trump coronavirus outbreak

US President is under increased pressure after days of steep losses in global markets, recession fears.

As outlined by Trump in remarks Monday, the proposal will likely include a payroll tax cut and a short-term expansion of paid sick leave, according to the people, who described the proposal on condition of anonymity ahead of its planned release. Trump is under increased pressure to act after days of steep losses in global markets touched off by concerns that the new coronavirus could spark a recession.

Source: Financial Digest (financialdigest.net)

 

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