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Wartime Mood Grips World Leaders, and Debt Fears Melt Away

  • Global tally of fiscal pledges top $2 trillion and rises daily
  • Prospects for a deeper virus shock drive low-rate borrowing
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Trump Says 'We're Going Big' on Coronavirus Aid
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Governments are finally getting the message that they’ll have to run exponentially bigger budget deficits to keep economies afloat as the coronavirus brings the world to a sudden halt.