By Mark Sherman
The Supreme Court announced Monday that it is postponing arguments for late March and early April because of the coronavirus, including fights over subpoenas for President Donald Trump’s financial records.
Other business will go on as planned, including the justices' private conference on Friday and the release of orders in a week's time. Some justices may participate by telephone, the court said in a statement.
Six of the nine justices are 65 and older, at higher risk of getting very sick from the illness, according to the Centers for Disease Control and Prevention. Justices Ruth Bader Ginsburg, 87, and Stephen Breyer, 81, are the oldest members of the court.
There is no new date set for the postponed arguments. the building has been closed to the public since last week.
The only other time the 85-year-old court building was closed for arguments was in October 2001, when anthrax was detected in the court mailroom. That led the justices to hold arguments in the federal courthouse about a half mile from the Supreme Court,
Within a week and after a thorough cleaning, the court reopened.
In 1918, when the court still met inside the Capitol, arguments were postponed for a month because of the flu pandemic. In the nation's early years, in August 1793 and August 1798, adjustments were made because of yellow fever outbreaks, the court said.
A resurgent Joe Biden scored sweeping victories across the country with the backing of a diverse coalition and progressive rival Bernie Sanders seized Super Tuesday’s biggest prize with a win in California as the Democratic Party’s once-crowded presidential field suddenly transformed into a two-man contest.
The Dow Jones Industrial Average dropped 785 points and bond prices surged after an emergency interest-rate cut by the Federal Reserve failed to reassure markets racked by worries that a fast-spreading virus outbreak could lead to a recession.
HotelPlanner CEO Tim Hentschel told Cheddar that the travel industry is taking the worst hit it has seen in nearly two decades thanks to the coronavirus outbreak paralyzing multiple countries.
Stocks are whipping up and down after the Federal Reserve swooped into the market with an emergency rate cut in hopes of shielding the economy from the effects of the fast-spreading virus. Tuesday's surprise move gave stocks a strong, brief boost, but it took just 15 minutes for the gains to evaporate.
Chairman Jerome Powell said at a news conference that the virus “will surely weigh on economic activity both here and abroad for some time.” It was the Fed's first rate cut since last year, when it reduced its key short-term rate three times.
The Federal Reserve will cut interest rates by a half-percentage point in its first emergency rate cut since the Great Recession in response to the spreading coronavirus.
These are the headlines you Need 2 Know for Tuesday, March 3, 2020.
Dow Jones skyrockets on hopes central banks protect the economy from the coronavirus outbreak.
Anthony Scaramucci, the founder of SkyBridge Capital and former White House communications director, has an optimistic view of the markets going forward despite the headwinds of the COVID-19 outbreak and President Trump's handling of the health crisis.
Amy Klobuchar is ending her Democratic presidential campaign, plans to endorse Joe Biden.
