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This article has been edited from its original version. It was originally published in the International Monetary Fund's blog . Kristalina Georgieva is the Managing Director of the International Monetary Fund. The opinions expressed in this commentary are her own. The world continues to climb back from the worst recession in peacetime since the Great Depression. The International Monetary Fund recently projected global GDP growth at 5.5% this year and 4.2% in 2022. But it is going to be a long and uncertain ascent. Most of the world is facing a slow rollout of vaccines even as new virus mutations are spreading — and the prospects for recovery are diverging dangerously across countries and regions. Indeed, the global economy is at a fork in the road. The question is: Will policymakers take action to prevent this Great Divergence? As our note to the recent G20 meeting of finance ministers and central bank governors points out, there is a major risk that as … [Read more...] about The global economy won’t recover if we don’t get vaccines to developing countries, too

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Nuclear weapons are emerging as one of the top political brawls in the brewing battle over next year's defense budget. Democrats have been introducing bills to curtail costly nuclear modernization programs, as well writing letters urging President Biden Joe Biden Biden to sign executive order aimed at increasing voting access Myanmar military conducts violent night raids Confidence in coronavirus vaccines has grown with majority now saying they want it MORE to support their efforts. But Republicans are shooting back with their own letters and op-eds calling on Biden to stay the course on programs that largely originated during the Obama administration. They’re also working to pin down Pentagon nominees on where they stand. ADVERTISEMENT The back-and-forth over nuclear modernization is providing a lens into the larger fight that’s taking shape as the Biden administration prepares to present its first defense budget in the spring. Expectations are … [Read more...] about Lawmakers gird for spending battle over nuclear weapons

The Senate’s approval of President Biden ’s sweeping $1.9 trillion coronavirus relief bill is expected to dominate this Sunday’s talk shows, with a round of appearances from Sen. Joe Manchin Joseph (Joe) Manchin Sunday shows preview: Manchin makes the rounds after pivotal role in coronavirus relief debate Biden takes victory lap after Senate passes coronavirus relief package Schumer insists Democrats unified after chaotic coronavirus debate MORE (D-W.Va.), who over the weekend played a critical role in advancing — and delaying — the legislation. The 50-49 party-line vote on Saturday followed a more than 24-hour session in the Senate, with Democrats resisting attempts from GOP senators to make changes to the legislation. House Majority Leader Steny Hoyer Steny Hamilton Hoyer Sunday shows preview: Manchin makes the rounds after pivotal role in coronavirus relief debate House to vote on revised COVID-19 bill Tuesday Senate approves … [Read more...] about Sunday shows preview: Manchin makes the rounds after pivotal role in coronavirus relief debate

The Fulton County district attorney is investigating former President Trump Donald Trump Biden to sign executive order aimed at increasing voting access Albany Times Union editorial board calls for Cuomo's resignation Advocates warn restrictive voting bills could end Georgia's record turnout MORE and has enlisted the help of a racketeering expert for the job, sources told Reuters. Fulton County District Attorney Fani Willis has hired John Floyd, an expert in racketeering cases, to help with her investigation into Trump’s calls during the counting of Georgia votes during the 2020 election. Trump is being investigated after his call with Georgia's Secretary of State Brad Raffensperger (R), during which he told the secretary to “find” the votes to help him win the state. ADVERTISEMENT The source told Reuters that Floyd will “help as needed” during the Trump investigation when issues of racketeering are brought up. The … [Read more...] about Georgia DA investigating Trump taps racketeering expert for probe: report