(Bloomberg) -- Good morning Americas. Here’s the latest news and analysis from Bloomberg Economics to help you start the day:

  • The Trump administration struck a deal with Senate Democrats and Republicans on an historic rescue package that tees up more than $2 trillion in spending and tax breaks
    • Meanwhile, here are so other big ideas to save the economy
  • The administration is also debating whether to defer payments of tariffs on imported goods from around the world for three months, people familiar with the talks said
  • The Federal Reserve might want to ask international peers for advice on how to ensure its attempts to support smaller businesses work out
  • In Germany, business confidence collapsed the most in three decades after restrictions to slow the spread of the coronavirus forced mass closures of companies and stores across Europe’s largest economy
  • U.K. inflation slowed slightly in February before the impact of the virus really hit
  • There may be an upside for Europe’s east from the havoc wreaked on global supply chains by the outbreak

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