Tax cuts, tariff relief and travel restrictions: White House hunts for options to contain virus fallout

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Tax cuts, tariff relief and travel restrictions: White House hunts for options to contain virus fallout
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President Trump's advisers huddled on Friday to begin developing plans that would both stanch the economic effects of the spreading coronavirus outbreak and impose new restrictions on travelers from Japan and South Korea, sources say

No decisions have been made to help prevent more market carnage after Wall Street ended its worst week since 2008. Trump has demanded that advisers identify steps that would both boost confidence in his administration's ability to confront the outbreak and inspire economic optimism.Several options are being debated, and White House officials have eyed Federal Reserve action as a possibility.

"We should be manufacturing thousands of kits now and having them sent all over the country."The CDC announced on Friday that it had manufactured new test kits with only the two components specific to the novel coronavirus, which they say will increase testing capacity.

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