White House ‘planning US Treasury coronavirus bond’ – Arab News

White House ‘planning US Treasury coronavirus bond’ – Arab News

WASHINGTON: White House advisers have been discussing the possibility of a coronavirus-related US Treasury bond, US President Donald Trump's economic adviser Larry Kudlow said on Monday.. Also on Monday, two European Commissioners urged Germany to agree to the EU issuing joint debt to fight the coronavirus crisis, as wealthy northern nations remain reluctant to back so-called coronabonds.. Germany's Olaf Scholz on Friday proposed a three-pronged scheme including cheap loans from the financial crisis-era European Stability Mechanism (ESM), cash from the European Investment Bank and an EU-wide unemployment reinsurance scheme, skirting the issue of joint debt.. Deal on oil cuts 'close' as Saudi Arabia enlists G20 /node/1654496/business-economy. 'Virtual' energy summit on Friday in new effort to stabilize market. The Kingdom is organizing a special meeting of G20 energy ministers - including the other two biggest producers, the US and Russia - to discuss cuts to output.. The "virtual" summit is scheduled for Friday, the day after an OPEC+ meeting of oil producers.. Saudi Arabia has been a stabilizing factor in the markets for many years.". Saudi Arabia and Russia were "very, very close" to a deal to cut oil output, said Kirill Dmitriev, chief executive of the Russian Direct Investment