Political clash over coronavirus stimulus hits global markets
Political disagreements in Washington continued to stall economic
relief for U.S. households on Monday, as postponement of the Olympic
Games looked increasingly likely and everyday life remained curtailed
under pandemic-related shutdowns.To get more news about
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Republicans and Democrats are at odds over the makeup of a
coronavirus stimulus package, which Senate Democrats blocked on Sunday
evening, saying it did not offer sufficient help for individuals. Senate
Majority Leader Mitch McConnell (R.-Ky.) plans to force a second vote
Monday unless a bipartisan deal emerges before then.
The roadblock heightened anxiety for investors already alarmed about
the pandemic’s toll on the global economy. U.S. stock futures fell
about 4 percent, while markets in Asia also retreated.
Doubts grew, meanwhile, about whether the Olympics will go ahead in
Tokyo this summer, after Canada’s Olympic Committee said it would not
send athletes to Japan this year. Japanese leader Shinzo Abe told
parliament on Monday that postponing the Games may be an option.
New York state’s death toll reached 114, surpassing Washington state
and accounting for one-third of U.S. coronavirus deaths, as Ohio and
Louisiana became the latest states to announce stay-at-home orders.
President Trump appeared to suggest that coronavirus containment
measures may be too extreme. “We cannot let the cure be worse than the
problem itself,” he wrote in a tweet in capital letters.
The United Arab Emirates said it was suspending all flights for two
weeks, affecting operations at major hub airports including Dubai.
In Germany, Chancellor Angela Merkel has been placed under
quarantine after a doctor who administered a vaccine to her Friday
tested positive for the novel coronavirus.
Spain has extended its lockdown for another 15 days, and authorities
in Britain told people with serious health problems to self-quarantine
for the next 12 weeks.
The Wall