Martin Crutsinger, The Associated Press

Martin Crutsinger

The Associated Press

Washington, DC, United States

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Recent articles by Martin:

US budget deficit reaches $2.77 trillion in 2021, its 2nd highest ever

The U.S. budget deficit totaled $2.77 trillion for 2021, the second highest on record but an improvement from the all-time high of $3.13 trillion in 2020. → Read More

US budget deficit hits $2.77 trillion in 2021, 2nd highest

WASHINGTON (AP) — The U.S. budget deficit totaled $2.77 trillion for 2021, the second highest on record but an improvement from the all-time high of $3.13 trillion reached in 2020. → Read More

US budget deficit hits $2.77 trillion in 2021, 2nd highest

The Biden administration said Friday that the 2021 deficit, for the budget year that ended Sept. 30 was $360 billion lower than 2020 as a recovering economy boosted revenues, helping to offset government spending from pandemic relief efforts. → Read More

US budget deficit hits $2.77 trillion in 2021, 2nd highest

The Biden administration said Friday that the 2021 deficit, for the budget year that ended Sept. 30 was $360 billion lower than 2020 as a recovering economy boosted revenues, helping to offset government spending from pandemic relief efforts. → Read More

US budget deficit hits $2.77 trillion in 2021, 2nd highest

The Biden administration said Friday that the 2021 deficit, for the budget year that ended Sept. 30 was $360 billion lower than 2020 as a recovering economy boosted revenues, helping to offset government spending from pandemic relief efforts. → Read More

US budget deficit hits $2.77 trillion in 2021, 2nd highest

The Biden administration said Friday that the 2021 deficit, for the budget year that ended Sept. 30, was $360 billion lower than 2020 as a recovering economy boosted revenues, helping to offset government spending from pandemic relief efforts. → Read More

US regulators endorse efforts to address climate risks

WASHINGTON (AP) — U.S. financial regulators on Thursday approved a series of steps toward addressing the dangers that climate change poses to the nation’s financial system. The Financial Stability Oversight Council, which is headed by Treasury Secretary Janet Yellen and includes Federal Reserve Chairman Jerome Powell, acknowledged in a report that climate change is a serious economic threat. → Read More

US regulators endorse efforts to address climate risks

WASHINGTON (AP) — U. S. financial regulators on Thursday approved a series of steps toward addressing the dangers that climate change poses to the nation's financial system. The Financial Stability Oversight Council, which is headed by Treasury Secretary Janet Yellen and includes Federal Reserve Chairman Jerome Powell, acknowledged in a report that climate change is a serious economic threat. → Read More

IMF warns economy recovery threatened by virus, inflation

WASHINGTON (AP) — The International Monetary Fund is warning of rising threats to the global economic recovery posed by the ongoing coronavirus pandemic and an outbreak of inflation. The lending agency called Thursday for greater efforts from wealthy nations to boost coronavirus vaccination rates in poorer countries, while also urging the Federal Reserve and other central banks to respond… → Read More

US wholesale prices rose record 8.6% over 12 months

WASHINGTON (AP) — Inflation at the wholesale level rose 8.6% in September compared to a year ago, the largest advance since the 12-month change was first calculated in 2010. → Read More

IMF chief facing data-rigging allegations defends actions

WASHINGTON (AP) — The head of the International Monetary Fund said Thursday that a report alleging she had a role in data-rigging at the World Bank when she was a top official there was not an accurate representation of events. → Read More

Yellen: Urgent action needed on debt limit, rejects $1T coin

Yellen said that if a default were to occur “I fully expect it would cause a recession as well” along with preventing the government from paying benefits to 50 million Social Security recipients and meeting the government’s other bills. → Read More

Yellen: Urgent action needed on debt limit, rejects $1T coin

Yellen said that if a default were to occur “I fully expect it would cause a recession as well” along with preventing the government from paying benefits to 50 million Social Security recipients and meeting the government’s other bills. → Read More

Yellen: Urgent action needed on debt limit, rejects $1T coin

Yellen said that if a default were to occur “I fully expect it would cause a recession as well” along with preventing the government from paying benefits to 50 million Social Security recipients and meeting the government’s other bills. → Read More

US trade deficit hits record $73.3 billion in August

WASHINGTON (AP) — The U. S. trade deficit increased to a record $73. 3 billion in August as a small gain in exports was swamped by a much larger increase in imports. The Commerce Department reported Tuesday that the monthly trade deficit increased 4. 2% in August, rising to an all-time high, surpassing the previous record of $73. 2 billion set in June. The trade deficit represents the gap… → Read More

US home construction up 3.9% in August after July drop

WASHINGTON (AP) — U.S. home construction rebounded a better-than-expected 3.9% in August with the strength coming in apartment construction. → Read More

US consumer prices rise 0.3% in August 2021, lowest in 7 months

U.S. consumer prices rose a lower-than-expected 0.3% last month, a hopeful sign that a recent jump in inflation may be cooling. → Read More

Fed survey finds growth 'downshifted' in summer due to COVID

WASHINGTON (AP) — U. S. economic activity “downshifted” in July and August due to rising concerns about COVID's delta variant, as well as supply chain problems and labor shortages, the Federal Reserve’s latest survey of the nation's business conditions revealed. The Fed survey, released Wednesday, said the slowdown was largely attributable to a pullback in dining out, travel and tourism in most… → Read More

Social Security will be insolvent by 2034 due to COVID-19 pandemic

The new projections in the annual Social Security and Medicare trustees reports indicate that Social Security's massive trust fund will be unable to pay full benefits in 2034 instead of last year's estimated exhaustion date of 2035. → Read More

Social Security will be insolvent by 2034 due to COVID-19 pandemic

The new projections in the annual Social Security and Medicare trustees reports indicate that Social Security's massive trust fund will be unable to pay full benefits in 2034 instead of last year's estimated exhaustion date of 2035. → Read More