Jan 17, 2017

Susan Collins says no to "repeal and delay"

Andrew Harnik / AP

Phil Elliott of TIME tweets that Susan Collins has told colleagues that she cannot support Obamacare repeal without a replacement ready to go.

Open the floodgates?: She becomes the first Republican senator to definitively come out against a "repeal and delay" strategy. Rand Paul and Bob Corker had previously expressed publicly their reticence regarding the plan.

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Fear of coronavirus pandemic escalates

Photo: Abdulgani Basheer/AFP/Getty Images

In the blink of an eye, we've entered a new phase on the coronavirus.

The big picture: Italy, Iran and South Korea are at "decisive" points in their responses, the World Health Organization said on Thursday.

Go deeperArrow2 hours ago - Health

Stocks fall 4% as sell-off worsens

A trader on the floor of the New York Stock Exchange. Photo: Johannes Eisele/AFP via Getty Images

Stocks fell more than 4% on Thursday, extending the market’s worst week since the financial crisis in 2008 following a spike in coronavirus cases around the world.

The big picture: All three indices are in correction, down over 10% from recent record-highs, amid a global market rout. It's the S&P 500's quickest decline into correction territory in the index's history, per Deutsche Bank.

Go deeperArrowUpdated 2 hours ago - Economy & Business