The Wider World

No end in sight for U.S. govt. shutdown

THE PARTIAL shutdown of the federal government continues on Thursday with no end in sight.

President Donald Trump and Congressional Democrats continued to spar on Thursday over the partial government shutdown that is continuing with no end in sight.

On Wednesday the president told reporters he would do “whatever it takes” to get the money he wants to tighten security at the nation’s southern border. He’s asked for $5 billion specifically for a wall between the U.S. and Mexico.

On Thursday, he added, “Do the Dems realize that most of the people not getting paid are Democrats?”

Sen. Mark Warner (D-Virginia) fired back in a tweet that “Federal employees don’t go to work wearing red or blue jerseys. They’re public servants. And the President is treating them like poker chips at one of his failed casinos.”

The shutdown has furloughed about 380,000 federal employees, while 420,000 have been deemed essential and are still on the job.

STOCKS dropped and then rose on Thursday (Pexels photo).

Stocks flip-flop down and up

UPDATE: What looked like a steep drop in stock value reversed itself late Thursday into a modest gain. After falling by more than 600 points, the Dow Average roared back and posted an increase of 260.

The Standard and Poor 500 was up 0.8 percent and NASDAQ showed a 0.4 percent increase.

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Flipping the script from Wednesday’s historic surge in stock prices, Wall Street was hit by another plunge on Thursday.

The Dow Jones average fell by more than 600 points. Among the heaviest losses were in health care, technology, energy (including oil), social media and internet stocks.

The S&P 500 dropped by 2.7 percent and Nasdaq fell by 5 percent. Unless there is a major upturn over the last two trading days of the month, December 2018 could be the worst month for Wall Street since 1931.

 

 

 

 

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