President Trump said at a press conference Monday that he will be meeting with Senate leaders tomorrow to discuss proposals for a "very substantial" payroll tax cut and relief for hourly workers in order to stem economic damage from the coronavirus outbreak.
The big picture: Spiraling concerns over the global impacts of the coronavirus have sent the stock market into free fall, with some investors increasingly worried that a recession is inevitable. Stocks closed 7% down on Monday amid coronavirus fears and tanking oil prices, capping the most dramatic day since the depths of the financial crisis.
- Trump, who only addressed potential economic solutions to the outbreak, left without taking questions and said he would hold another news conference on Tuesday.
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