Martin Crutsinger, The Associated Press

Martin Crutsinger

The Associated Press

Washington, DC, United States

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Recent articles by Martin:

US consumers reduced their borrowing by $18.3 billion in May

U.S. consumers reduced their borrowing for a third straight month May as the millions of jobs lost because of the coronavirus pandemic made households less eager to take on new debt. → Read More

Activity in services sector shows record rebound in June

Activity in the U.S. services sector showed a record rebound in June but future improvement could be jeopardized by the resurgence of coronavirus cases in many parts of the country. → Read More

Fed minutes show concerns about severity of downturn

WASHINGTON (AP) — Federal Reserve officials last month expressed concerns about the severity of the economic downturn triggered by the coronavirus pandemic, saying the drop in economic activity in the → Read More

Mnuchin says hardest-hit businesses should be next aid focus

Treasury Secretary Steven Mnuchin told Congress on Tuesday that the administration wants the next round of economic aid to focus supporting businesses like restaurants that have been hardest hit by the coronavirus crisis. Mnuchin said he is already talking to lawmakers about getting another round of → Read More

US consumer confidence rises to 98.1 in June

The confidence index was at a high of 132.6 in February 2020 before falling sharply in March and April. → Read More

US consumer spending up 8.2%, partly erasing record plunge

WASHINGTON (AP) — American consumers increased their spending by a record 8.2% in May, partly erasing huge plunges the previous two months, against the backdrop of an economy that’s lik… → Read More

US consumer spending up 8.2%, partly erasing record plunge

Friday’s Commerce Department report showed that Americans stepped up their spending in May despite a 4.2% decline in personal income, which had soared by 10.8% the previous month. → Read More

US consumer spending up 8.2%, partly erasing record plunge

American consumers increased their spending by a sharp 8.2% in May, partly erasing record plunges the previous two months, against the backdrop of an economy that’s likely shrinking by its steepest pace on record this quarter. → Read More

US GDP fell at a 5% rate in the first quarter of 2020, and worse is likely on the way

WASHINGTON (AP) — The U.S. economy shrank at a 5.0% rate in the first quarter and a vastly worse performance is expected in the current three-month period, when the coronavirus pandemic began… → Read More

US GDP fell at 5.0% rate in Q1; worse is likely on the way

It was the sharpest quarterly decline since an 8.4% fall in 2008 during the depths of the financial crisis. → Read More

US GDP fell at 5.0% rate in Q1; worse is likely on the way

WASHINGTON (AP) — The U. S. economy shrank at a 5. 0% rate in the first quarter with a much worse decline expected in the current three-month economic period, which will show what happened when the coronavirus pandemic began spread across the U. S. (function() → Read More

Thousands petition Disney World to delay reopening as Florida COVID-19 cases surge

Thousands have petitioned Disney World to delay its reopening as coronavirus cases surge in Florida. → Read More

Thousands petition Disney World to delay reopening as Florida COVID-19 cases surge

Thousands have petitioned Disney World to delay its reopening as coronavirus cases surge in Florida. → Read More

Thousands petition Disney World to delay reopening as Florida COVID-19 cases surge

Thousands have petitioned Disney World to delay its reopening as coronavirus cases surge in Florida. → Read More

Thousands petition Disney World to delay reopening as Florida COVID-19 cases surge

Thousands have petitioned Disney World to delay its reopening as coronavirus cases surge in Florida. → Read More

Appeals court orders dismissal of Michael Flynn prosecution

U.S. District Judge Emmet Sullivan had declined to immediately dismiss the case, seeking instead to evaluate on his own the department’s unusual dismissal request. → Read More

IMF downgrades outlook for global economy in face of virus

The IMF predicts that the global economy will shrink 4.9% this year, significantly worse than the 3% drop it had estimated in its previous report in April. It would be the worst annual contraction since immediately after World War II. → Read More

IMF downgrades outlook for global economy in face of virus

The International Monetary Fund has sharply lowered its forecast for global growth this year because it envisions far more severe economic damage from the coronavirus than it did just two months ago. The IMF predicts that the global economy will shrink 4.9% this year, significantly worse than the 3% → Read More

US new home sales rise surprisingly strong 16.6% in May

WASHINGTON (AP) — Sales of new homes rose a surprisingly strong 16. 6% in May with the reopening of major parts of the country potentially fueling activity in the housing market. The Commerce Department reported Tuesday that sales of new single-family homes rose to a seasonally adjusted annual rate of 676,000 last month. FILE- This Jan. 14, 2019, file photo shows a sold sign outside a home in… → Read More

Existing home sale plunge 9.7% in 3rd straight monthly drop

The National Association of Realtors said Monday that the monthly decline pushed sales down to a seasonally adjusted annual rate of 3.91 million, the slowest pace since a home buyers tax credit expired in October 2010. → Read More