President Trump says that the White House is planning on asking Congress to pass a payroll tax cut and relief for hourly wage earners in order to assist those who may be feeling the financial pinch amid the coronavirus outbreak.
, because of fears that the coronavirus will plunge the economy into recession. Trump met on Monday with his task force managing the country's response.
Vice President Mike Pence said more than 1 million coronavirus tests have been distributed and an additional 4 million are planning to be distributed. Asked whether the coronavirus shock will send the American economy into recession, Treasury Secretary Steven Mnuchin sounded confident that the U.S. economy is resilient enough to push through the financial jitters.
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