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WASHINGTON — 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% drop it had estimated in its previous report in April. It would be the worst annual contraction since immediately after World War II. For the United States, the IMF predicts that the nation’s gross domestic product — the value of all goods and services produced in the United States — will plummet 8% this year, even more than its April estimate of a 5.9% drop. 683
WASHINGTON (AP) — Pfizer and BioNTech will supply the U.S. with an additional 100 million doses of the COVID-19 vaccine under a new agreement.The drugmakers said Wednesday that they expect to deliver all the doses by July 31. Pfizer already has a contract to supply the government with 100 million doses of its vaccine.Watch officials with Operation Warp Speed discuss vaccine distribution:Pfizer’s vaccine was the first to gain approval from the Food and Drug Administration and initial shipments went to states last week.It has now been joined by a vaccine from Moderna, which was developed in closer cooperation with scientists from the National Institutes of Health.A law dating back to the Korean War gives the government authority to direct private companies to produce critical goods in times of national emergency. Called the Defense Production Act, it’s expected to be invoked to help Pfizer secure some raw materials needed for its vaccine.Pfizer already has a contract to supply the government with 100 million doses of its vaccine under Operation Warp Speed, but government officials have said it’s more of an arms-length relationship with the company and they don’t have as much visibility into its operations. 1231
WASHINGTON (AP) — A top White House aide defends President Donald Trump's tweets about an influential black Democratic congressman and his Baltimore district as a justified response to the lawmaker's criticism of administration border policies.Acting chief of staff Mick Mulvaney says Trump was upset over what he perceives to be inaccurate statements by Rep. Elijah Cummings about conditions in which children are being held in detention at the U.S.-Mexico border.Mulvaney tells "Fox News Sunday" that "when the president hears lies like that, he's going to fight back."At a hearing last week, Cummings accused a top administration official of wrongly calling reports of filthy, overcrowded border facilities "unsubstantiated."Mulvaney denies that Trump's Twitter comments Saturday were racist and says Trump would criticize any lawmaker who spoke unfairly about his policies. 885
WASHINGTON (AP) — An official at the Department of Homeland Security says he was pressured by agency leaders to make his intelligence reports reflect the priorities of the Trump administration. Brian Murphy also says in a whistleblower complaint that he was demoted from his position as the Office of Intelligence and Analysis in retaliation for refusing to alter his reports on such matters as Russian interference in the election and the extent of the threat posed by white supremacists.A copy of the complaint was released Wednesday by Rep. Adam Schiff of the House Intelligence Committee. Schiff says he has asked Murphy to testify to Congress. DHS had no immediate comment. 686
WASHINGTON — The federal government is outlining a sweeping plan to make COVID-19 vaccines available for free to all Americans, but polls show a strong undercurrent of skepticism across the country. In a report Wednesday to Congress and an accompanying “playbook” for states and localities, federal health agencies and the Defense Department are sketching out complex plans for a vaccination campaign to begin gradually in January or later this year, eventually ramping up to reach any American who wants a shot. According to The Associated Press, facets of the playbook include:Most COVID-19 vaccines will require two shots to be taken three to four weeks apart. Those who receive these vaccines will need to receive doses made by the same drugmaker.Early in the vaccination campaign, supplies will be limited and will be reserved for health care and other essential workers, as well as vulnerable groups. Later phases of the campaign would expand distribution to the entire country.The vaccine will be free to those who receive it, thanks to funding allocated by Congress and the Trump administration.States and local communities will handle distributing the vaccine, and must submit plans to the federal government in about a month's time.The vaccination campaign faces an uphill battle from a skeptical public. An AP poll taken in May found only about half said they would get a COVID-19 vaccine. Experts say at least 70% of Americans need to be vaccinated or have immunity from a previous contraction in order to protect the country from the virus. 1562