President Trump pushes for economic stimulus package to provide relief for workers and businesses as coronavirus spreads
\WASHINGTON – President Donald Trump said Monday he will ask Congress to provide financial relief for workers and businesses hurtas new cases were reported across the country and U.S. stocks suffered their worst drop since 2008.
Trump’s decision to push for a stimulus package marked a reversal for the White House, which has insisted that the fundamentals of the economy are solid and that the coronavirus would cause only a short-term blip in growth.collapsed on Monday, with the Dow Jones industrial average plummeting by more than 2,000 points for its worst day since 2008 after a free fall in oil prices and a growing number of coronavirus cases.
Trump’s senior economic adviser, Larry Kudlow, first floated the possibility of a stimulus package last week as widening concerns over the virus prompted tech companies, musicians, sports teams and international institutions to cancel dozens of events being held around the globe.
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