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Trump administration plans to send checks to everyone in two weeks
By Sam Potter and Jeremy Herron
Tuesday, March 17, 2020
U.S. stocks rebounded from the biggest rout since 1987 as the U.S. government stepped up its efforts to offset the financial damage caused by the coronavirus. Treasuries tumbled.
The S&P 500's jumped as much as 7%. Stocks sank 11% Monday, continuing a streak of volatility last seen during the Great Depression. The Dow Jones Industrial Average notched a 4% gain. Treasuries declined, reversing part of a nearly 25 basis-point surge on Monday.
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The Trump administration moved to send checks to Americans as soon as in two weeks to stave off the financial effects of an unprecedented upheaval in social interactions that looks set to plunge the world into recession. The administration also asked Congress for hundreds of billions in aid. The Federal Reserve reintroduced additional crisis-era tools to stabilize financial markets. ...
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