President teases stimulus package to boost a US economy hit by COVID-19 fears

President teases stimulus package to boost a US economy hit by COVID-19 fears

4 years ago
Anonymous $9CO2RSACsf

https://techcrunch.com/2020/03/09/president-teases-stimulus-package-to-boost-a-u-s-economy-hit-by-covid-19-fears/

Just a few hours after the markets closed the books on one of its worst trading days since the dawn of the financial crisis, President Donald Trump and members of the coronavirus task force took to the podium in the White House press briefing room to tease an economic stimulus package in an effort to stabilize shaky markets.

In a brief statement before the press corps, the president hinted at a possible payroll tax cut and emergency support for businesses looking to guarantee that hourly workers are protected from job loss and lost wages as social distancing becomes recommended practice in response to the spread of COVID-19.