Vice President Pence announced a series of measures meant to prevent the spread of the coronavirus. They include paid family leave, industrial masks for health professionals, and a new proposal from the cruise industry
WASHINGTON - As U.S. coronavirus cases rose steadily, the White House and Congress negotiated measures on Tuesday to bolster the U.S. economy and Americans’ paychecks against the outbreak’s impact, although there was no immediate sign of a deal.
U.S. stocks rebounded in their largest daily gain since late 2018 on hopes that a government stimulus package was in the making. Pelosi said the meeting was aimed at seeing “where our common ground was” on a set of legislative proposals. But prospects for a second day of gains on Wednesday dimmed as U.S. equity index futures slid 1% after the overnight trading session got under way.
Some Senate Republicans said a potential deal could include $300 billion in payroll tax relief that could help people make rent and mortgage payments, or pay medical bills if family members’ work hours are reduced during the outbreak. Italy, which has the highest death toll outside of China, has put its entire population of 60 million on virtual lockdown.
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