National Newswatch

IMF OKs big increase in funds to alleviate pandemic impact

Aug 2 2021 — Martin Crutsinger, The Associated Press — WASHINGTON (AP) — The governing body of the International Monetary Fund has approved a $650 billion expansion in the agency's resources to support economically vulnerable countries battling the coronavirus pandemic and the economic downturn it has caused. The 190-nation lending institution said Monday that its board of governors approved the expansion of its reserves known […]

Revisions show slightly smaller GDP drop last year

Jul 29 2021 — Martin Crutsinger, The Associated Press — WASHINGTON (AP) — The U.S. economy contracted by a slightly smaller amount last year than previously reported and grew slightly more in 2019 and slightly less in 2018. Those are the results from the government’s annual benchmark revisions of the gross domestic product, the economy’s total output of goods and services, that were released Thursday. […]