President
Donald Trump is promising “very substantial relief” to both businesses and
individuals who suffer financially as a result of the COVID-19 coronavirus
outbreak.
Trump
said he would meet with congressional leaders on Tuesday to discuss a payroll
tax cut.
said he would meet with congressional leaders on Tuesday to discuss a payroll
tax cut.
“We’re
also going to be talking about hourly wage earners getting help so that they
can be in a position where they’re not could ever miss a paycheck to be working
with companies and small companies, large companies, a lot of companies so that
they don’t get penalized for something that’s not their fault,” Trump told
reporters on Monday evening in the White House briefing room.
also going to be talking about hourly wage earners getting help so that they
can be in a position where they’re not could ever miss a paycheck to be working
with companies and small companies, large companies, a lot of companies so that
they don’t get penalized for something that’s not their fault,” Trump told
reporters on Monday evening in the White House briefing room.
With
stock prices plunging amid an oil price war and the coronavirus crisis, Trump
met Monday afternoon with his economic advisers, including Treasury Secretary
Steven Mnuchin, who presented him with policy options to counter the quickly
emerging threats to the economy.
stock prices plunging amid an oil price war and the coronavirus crisis, Trump
met Monday afternoon with his economic advisers, including Treasury Secretary
Steven Mnuchin, who presented him with policy options to counter the quickly
emerging threats to the economy.
“The economy will be in very good shape a year from now,”
predicted Mnuchin, who took questions from reporters, alongside Vice President
Mike Pence, after a brief appearance by Trump in the press briefing room.
predicted Mnuchin, who took questions from reporters, alongside Vice President
Mike Pence, after a brief appearance by Trump in the press briefing room.
Trump announced a news conference would be held at the
White House on Tuesday that will focus on economic measures.
White House on Tuesday that will focus on economic measures.
The U.S. travel industry, which annually generates more
than $1.6 trillion in economic output and is expected to suffer substantially
because of the coronavirus outbreak, is one key area of the administration’s
relief efforts.
than $1.6 trillion in economic output and is expected to suffer substantially
because of the coronavirus outbreak, is one key area of the administration’s
relief efforts.
