March 24, 2020
The Tokyo Summer Olympics will not begin in late July and instead will be held “by the summer of 2021,” Japanese Prime Minister Shinzo Abe announced Tuesday. The delay comes after an increasing number of athletes and sporting federations called for the games to be delayed because of the COVID-19 pandemic.
Tokyo Olympics fell victim to the coronavirus crisis as the death toll mounts rapidly in Europe and the United States, while U.S. lawmakers closed in on a nearly $2 trillion deal to blunt the outbreak’s economic damage.
It is the first time an Olympics has been postponed, though the games were canceled three times, because of World War I and World War II.
In Washington, top congressional and White House officials said they expected to reach a deal Tuesday on a package to shore up businesses and send relief checks to ordinary Americans. Stocks rallied around the world on the news, with the Dow Jones Industrial Average surging more than 1,300 points, or over 7 percent, in the morning.