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US Pres. Trump considering declaring national disaster to free up funds – Reuters

US President Donald Trump is considering declaring the coronavirus outbreak a national disaster to free up funds for the coronavirus response package, Reuters reported on Wednesday, citing a source familiar with the matter.

In the meantime, several news outlets have reported that President Trump could deliver an Over Office address later in the day.

Market reaction

The 10-year US Treasury bond yield reversed its direction in the last hour after rising as much as 5% and was last erasing 8.3% on the day. Moreover, Wall Street's three main indexes were down between 4% and 5%.

Coronavirus update: Total number of confirmed cases in Italy jumps to 12,462

The total number of confirmed cases in Italy has surged to 12,462 from 10,149, the country's Civil Protection Agency reported on Wednesday. The death
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United States Monthly Budget Statement came in at $-235B, above expectations ($-236.25B) in February

United States Monthly Budget Statement came in at $-235B, above expectations ($-236.25B) in February
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