US may be headed for recession, Trump saysPresident Donald Trump speaks during a press briefing with the coronavirus task force, in the Brady press briefing room at the White House, Monday, March 16, in Washington. US President Donald Trump says the United States “may be” headed toward a recession as the economy continues to be battered amid the coronavirus global pandemic that emeged in China. Trump spoke to reporters Monday at a White House briefing as cases in the U.S. continue to spike. The president says his administration’s focus is on stemming the virus. Once the spread of the virus is stopped, Trump said he believes the U.S. economy will see a “tremendous, tremendous surge.”The president also is pledging federal support for airlines struggling because of the pandemic, saying he’s “going to back the airlines 100 percent.”Trump also says governors that need ventilators, respirators, masks and other equipment for medical professionals should first try to acquire the items on their own before turning to the federal government for help.-AP

Source: The Standard March 17, 2020 03:16 UTC