Trump Facing Hurdles To Coronavirus Stimulus Package
March 11, 2020
5:06 pm
As nearly three-quarters of US firms suffer supply disruptions due to the coronavirus epidemic, President Donald Trump‘s treasury secretary said the administration is “working full time” on a stimulus package to aid the economy.
However, a key senator shot down giving an immediate payroll tax cut to American workers, the plan’s main pillar, while Democrats are moving ahead with their own plan.
The outbreak has prompted US airlines to cancel flights, the Federal Reserve to make its first emergency rate cut in 12 years and the stock exchange to experience its worst session since 2008.
This spells trouble …
