Coronavirus News Asia

US mulls multi-trillion rescue of economy


Congress and the US government worked furiously Sunday to provide trillions of dollars in rescue money aimed at cushioning both businesses and ordinary Americans from the devastating impact of the novel coronavirus pandemic.

Lawmakers on Capitol Hill were scrambling to finalize a deal to inject upwards of $1.6 trillion into businesses and the pockets of millions of workers laid off as the deadly outbreak continues to spread. 

The package – likely the largest federal intervention in US history – would cushion the blow for Americans and backstop ailing businesses, and would likely send the federal deficit soaring.


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