Martin Crutsinger

AP Economics Writer

People line up for a free meal in the Villa Maria del Triunfo district in Lima, Peru, June 17, 2020.

IMF Warns Global Economy Could Be Permanently Scarred

Finance ministers warned the unprecedented crisis requires steps "to enable a recovery like no other."

Kristalina Georgieva, managing director of the International Monetary Fund, attends a session of the Munich Security Conference, Munich, Feb. 14, 2020.

IMF Head Says Global Economy Facing Long Climb to Recovery

Many countries are experiencing a better-than-expected rebound in recent weeks.

Treasury Secretary Steven Mnuchin testifies on Capitol Hill, Sept. 1, 2020.

Watchdog Says Millions in Danger of Missing Virus Payouts

The GAO said some 8.7 million eligible Americans have yet to receive payments because of inadequate IRS and Treasury records.

Judy Shelton appears before the Senate Banking Committee on Capitol Hill, Feb. 13, 2020.

Senator Says Fed Nominee Short on Votes

Sen. John Thune, R-S.D., said Judy Shelton's nomination will not be brought up until the votes are there.

Cranes at the Port of Savannah, Ga., load and unload containers, Jan. 30, 2018.

Trade Deficit Surges to Highest in 12 Years

The increase was driven by a record jump in imports in July.

Monique Kursar, left, completes a purchase with Amy Witt, owner of the Velvet Window clothing store in Dallas, May 13, 2020.

Consumer Confidence Falls for a Second Month

The drop indicated that renewed shutdowns weighed on the attitude of consumers.

The Bedford Stuyvesant neighborhood of Brooklyn, April 7, 2020.

Black-Owned Businesses Hard Hit by Pandemic

A study says Black-owned businesses have been almost twice as likely to fail as businesses overall.

Ford Motor Co. employees work on a ventilator at the Rawsonville plant, Ypsilanti Township, Mich., May 13, 2020.

US Manufacturing Improves, but Future Clouded by Virus

A key gauge of activity rose further into expansion territory last month.

Bill Merkle works on making protective masks in Warren, Mich., April 23, 2020.

Factory Orders Plunge 14.4%

The decline is the second-biggest on record.