The Trump administration will allow individuals and businesses to delay paying their tax bills for 90 days past the April 15 deadline. White House correspondent Greg Clugston reports.
The move is designed to inject billions of dollars into the hard-hit economy. But Treasury Secretary Steven Mnunchin encourages Americans to file their tax returns if they can.
For those who need a deferment…
Individuals can delay paying up to one-million dollars in payments, while corporations can defer up to 10 million.
The Federal Reserve has taken another emergency step to shore up the nation’s economy during the coronavirus pandemic. White House correspondent Greg Clugston reports.
Treasury Secretary Steven Mnuchin announced that the nation’s central bank will buy up to one-trillion dollars of short-term loans that businesses rely on to pay bills and other expenses.
The Fed took similar action during the 2008 financial crisis to help companies get access to cash.
The federal government is urging Americans of all ages to stay home and avoid crowds during the next two weeks of the coronavirus pandemic. White House correspondent Greg Clugston.
Dr. Deborah Birx of the White House Coronavirus Response team says the government guidelines don’t just apply to older Americans.
She says younger Americans are unknowingly spreading asymptomatic virus in the public. And President Trump was asked what should people do about their travel plans.
He says the country needs to make shared sacrifices for the sake of everyone.