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The International Monetary Fund on Monday said the U.S. economy would grow faster than previously expected in 2017 and 2018 based on the incoming Trump administration's tax and spending plans, but it kept its global growth forecasts unchanged due to weakness in some emerging markets. Updating its World Economic Outlook, the IMF forecast overall global growth at 3.4 percent for 2017 and 3.6 percent for 2018, unchanged from October. It estimated a modest fiscal stimulus under President-elect Donald Trump would push U.S. gross domestic product growth to 2.3 percent in 2017, a gain of 0.1 percentage point on the last forecast, and to 2.5 percent in 2018, up 0.4 percentage point.
RICHMOND, Va. (AP) — The brutal murders of a well-known Richmond couple and their young daughters as they were preparing to host a New Year's party sent shock waves through Virginia's capital city. More than 11 years later, some hope the execution of a man convicted in their deaths will close a painful chapter of this community's history.
LONDON (AP) — After months of repeating the mantra that "Brexit means Brexit," Prime Minister Theresa May is set to reveal details of Britain's closely guarded plans for leaving the European Union, in a speech that has already increased pressure on the beleaguered pound.