United States
Hide

Government has no plans to shut down Wall Street amid coronavirus crisis

Buckle up: The stock market’s roller-coaster ride won’t likely end anytime soon — and the government has no plans to shut it down so it can cool off. Despite chatter this week that bigwig investors are quietly pressuring the White House to temporarily shut down the markets — an emergency measure that hasn’t been taken since Hurricane Sandy hit in 2012 — top government officials say the idea isn’t being taken seriously. “It would create more harm than good,” a top White House adviser told The Post. Indeed, a Wednesday brainstorming session between President Trump, White House officials and bank CEOs was “reasonably optimistic,” according to the source, who attended the meeting. The White House, which is instead w ...
Top
Bottom