Inside the scramble to prop up industries crumbling under the weight of the novel coronavirus outbreak
The Trump administration is scrambling to prop up industries crumbling under the weight of the novel coronavirus outbreak.Advertisement
“I don’t want to use the b-word,” said one senior administration official, who acknowledged the White House is looking at resources necessary — including tax relief or direct injections of funds — to offset the downturn in industries and businesses with thousands of affected employees. The discussions about saving U.S. businesses are separate from an ongoing debate among lawmakers and Trump officials about a stimulus program that would directly aid American workers.
“I have a problem with singling out certain industries at this point. I don’t like the idea of picking winners and losers,” Moore said, adding that White House aides shared the same concern. “If you do it for some, then how could you not do it for everyone?” Analysts are closely watching employment in hospitality, transportation, food services and manufacturing — which may experience declines due to interruptions in the supply chain — for similarly large hits to business in the coming days.
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