Monday, President Trump said he will be taking “major” steps to gird the economy against the impact of a spreading coronavirus outbreak and will discuss a payroll tax cut with congressional Republicans Tuesday.
“We will be discussing a possible payroll tax cut or relief, substantial relief, very substantial relief, that’s a big number,” he told reporters.
He did not provide details but added that a press conference will be held Tuesday.
The moves came as stock markets dove and Top health officials urged some people to avoid cruise ships, air travel and big public gatherings.
The administration is planning to huddle in coming days with executives of the banking, hospital and health insurance industries.
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