Trump to announce economic measures to boost economy amid virus fears
Breaking News
According to sources, President Trump is set to announce a series of economic measures aimed at boosting the US economy amid growing concerns over the COVID-19 pandemic.
The measures, which are expected to be announced later today, are designed to stimulate economic growth, create jobs, and provide relief to American businesses and individuals affected by the virus outbreak.
Some of the measures being considered include:
- Tax Cuts: The President is expected to announce a temporary reduction in corporate tax rates to encourage businesses to invest and hire.
- Infrastructure Spending: The administration is planning to accelerate infrastructure projects, such as road construction and bridge repairs, to create jobs and stimulate economic growth.
- Small Business Loans: The Small Business Administration (SBA) is expected to announce new loan programs to help small businesses access capital and stay afloat during the pandemic.
- Unemployment Benefits: The President may announce an extension of unemployment benefits to help workers who have lost their jobs due to the pandemic.
- Trade Relief: The administration is considering measures to provide relief to American farmers and manufacturers affected by trade disruptions caused by the pandemic.
The announcement comes as the US economy shows signs of slowing down due to the pandemic, with many experts predicting a recession in the coming months.
Stay tuned for further updates as this story develops!