Martin Crutsinger

Stay informed with Martin Crutsinger’s coverage and analysis.

Maya Angelou (Photo by Moses Robinson/WireImage/Getty Images)

U.S. Mint begins shipping quarters honoring poet Maya Angelou

By Martin Crutsinger and The Associated Press

Pedestrians carrying shopping bags in the SoHo neighborhood of New York, U.S., on Sunday, Oct. 24, 2021. Consumers are facing dire warnings to get their holiday shopping done early this year, especially if they’re planning to do it online. Bottlenecks in the global supply chain are posing a new challenge to the e-commerce industry, and out-of-stock items represent a growing concern. Photographer: Nina Westervelt/Bloomberg

U.S. consumer spending rose 0.6% in September as inflation and supply shortages worsen

By Martin Crutsinger and The Associated Press

FILE – In this May 4, 2021, photo, the Treasury Building is viewed in Washington. The Treasury Department says that the economic and financial sanctions the United States has employed over the past two decades to battle global terrorism, nuclear proliferation, drug cartels and other threats need to adapt to a rapidly changing financial world. The department issued a report Monday, Oct. 18, 2021, that said it needs to modernize the technology it uses and upgrade its workforce to deal with new tools and techniques, such as digital currencies. (AP Photo/Patrick Semansky, file)

U.S. budget deficit hits $2.77 trillion in 2021

By Martin Crutsinger and The Associated Press

FIEL – In this Sept. 6, 2021, file photo, Kristalina Georgieva, managing director of the International Monetary Fund (IMF), delivers a speech during the opening ceremony for the Floating Office where a high-level dialogue on climate adaptation takes place in Rotterdam, Netherlands. The IMF has backed the managing director against allegations that World Bank staff were pressured to change business rankings for China in an effort to placate Beijing. The scandal had raised questions about whether Georgieva, who has denied any wrongdoing, would be asked to step down from her post. (AP Photo/Peter Dejong, File)

IMF backs head Kristalina Georgieva after report she had ranking data manipulated to please China

By Martin Crutsinger, Elaine Kurtenbach, and others

FILE – In this July 14, 2021 file photo, pedestrians pass the Macy’s store in the Downtown Crossing shopping area, in Boston. Americans cut back on their spending last month as a surge in COVID-19 cases kept people away from stores. Retail sales fell a seasonal adjusted 1.1% in July from the month before, the U.S. Commerce Department said Tuesday, Aug. 17. (AP Photo/Charles Krupa, File)

U.S. consumer prices jump 0.3% in August, the smallest increase since January

By Martin Crutsinger and The Associated Press

Federal Reserve Board Chair Jerome Powell testifies before Senate Banking, Housing, and Urban Affairs hearing to examine the Semiannual Monetary Policy Report to Congress, on Capitol Hill in Washington Thursday, July 15, 2021.(AP Photo/Jose Luis Magana)

Federal Reserve considered dialing back on bond purchases in July

By Martin Crutsinger and The Associated Press

FILE – Shoppers wait in line outside a Chicago downtown retail store as others pass by, Wednesday, May 26, 2021. Fueled by vaccinations and government aid, the U.S. economy grew at a solid 6.5% annual rate last quarter in another sign that the nation has achieved a sustained recovery from the pandemic recession. (AP Photo/Shafkat Anowar, File)

U.S. consumer spending increased 1% in June despite high inflation

By Martin Crutsinger and The Associated Press

WASHINGTON, April 29, 2021: Photo taken on April 29, 2021 shows the U.S. Commerce Department in Washington, D.C., the United States. The U.S. economy grew at an annual rate of 6.4 percent in the first quarter of 2021, the U.S. Commerce Department reported Thursday. (Photo by Liu Jie/Xinhua via Getty) (Xinhua/Liu Jie via Getty Images)

U.S. economy is bigger than it was pre-COVID after quarter of booming consumer spending

By Martin Crutsinger and The Associated Press

Federal Reserve Board Chairman Jerome Powell testifies on Capitol Hill, Tuesday, June 22, 2021, during a House Coronavirus Subcommittee hearing on the Federal Reserves response the the Coronavirus Pandemic.

Federal Reserve: low interest rates and vaccinations have contributed to re-opening of economy

By Martin Crutsinger and The Associated Press

WASHINGTON, April 28, 2021 — Photo taken on April 28, 2021 shows the U.S. Federal Reserve in Washington, D.C., the United States. The U.S. Federal Reserve on Wednesday kept its benchmark interest rates unchanged at the record-low level of near zero, as economic recovery gathers momentum on COVID-19 vaccination progress and strong fiscal support. (Photo by Ting Shen/Xinhua via Getty) (Xinhua/Ting Shen via Getty Images)

The markets are running a bit too hot, the Fed warns ‘ebullient’ investors

By Martin Crutsinger and The Associated Press

06 April 2021, Berlin: Olaf Scholz (SPD), Federal Minister of Labour and Social Affairs, speaks at a press briefing on the upcoming IMF/World Bank Spring Meetings (IMFC) and the virtual G20 meeting of finance ministers and central bank governors. Photo: Christophe Gateau/dpa (Photo by Christophe Gateau/picture alliance via Getty Images)

G20 finance chiefs agree to $650 billion aid boost for world’s poorest nations

By Martin Crutsinger and The Associated Press

The final revision to Q1 GDP numbers are in—but analysts say the big drop will come when Q2 is released.

In Q1, the U.S. economy had its worst quarter since 2008—and that only included two weeks of shutdowns

By Martin Crutsinger and The Associated Press

U.S. Department of the Treasury Internal Revenue Service (IRS) 1040 Individual Income Tax forms for the 2018 tax year are arranged for a photograph in Tiskilwa, Illinois, U.S., on Monday, March 11, 2019. Fewer people are getting refunds this year and that’s causing angst for Republicans who want to convince voters that the 2017 tax […]

The IRS tax deadline was extended by 90 days. What does that mean for filers?

By Sarah Skidmore Sell, Martin Crutsinger, and others

Global Travel Slows Significantly Due To Coronavirus Outbreak

Facebook bans ads for medical face masks amid coronavirus outbreak

By Martin Crutsinger and The Associated Press

President Donald Trump and Health and Human Services Secretary Alex Azar meet with GlaxoSmithKline CEO Emma Walmsley (right) and other pharmaceutical executives at the White House on Monday, March 2.

Federal Reserve cuts benchmark rate by half-point

By Martin Crutsinger and The Associated Press