Business
Wall Street tumbles as virus cases soar, stimulus hopes fade – Sydney Morning Herald
Stocks are slumping sharply on Wall Street, deepening last week’s losses as a troubling climb in coronavirus counts threatens the global economy.
Hopes are fading, meanwhile, that Washington will be able to deliver more support for the economy anytime soon. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin spoke several times last week on a potential deal to send cash to most Americans, restart supplemental benefits for laid-off workers and provide aid to schools, among other things.
But deep partisan difference remains on Capitol Hill, and time is running out for anything to happen before Election Day on November 3. Any compromise…
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