The nation’s costly fight against the coronavirus pandemic is stirring debate inside the Trump administration and beyond about how much economic loss the country can bear to save an unknowable number of lives infected by the disease.

Millions of jobs were lost within days and millions more are projected to vanish as whole industries grind to a halt, streets empty and people hunker down at home to limit the spread of disease. Trillions of dollars are projected to be lost in economic output; trillions have been wiped out in…

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