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Caeleb Dressel during the men's 100m butterfly final at Tokyo Aquatics Centre on July 31, 2021 in Tokyo, Japan. Photo: Xavier Laine/Getty Images

American swimmer Caeleb Dressel won gold and set an Olympic record in the men's 50-meter freestyle on Saturday, beating his own world record that he set in 2020.

Details: Dressel didn't take a breath while in the pool to win the race in 21.07 seconds. France's Florent Manaudou won the silver medal, and Brazil’s Bruno Fratus bagged the bronze.

The big picture: Dressel previously won gold in the men's 100-meter butterfly, 100-meter freestyle and 4x100-meter medley relay in Tokyo.

  • He also broke the world record in the men's 100-meter butterfly final on Friday.
  • Dressel had two gold medals going into the Tokyo Olympics.

Go deeper: Full Axios Olympics coverage

Editor's note: This article has been updated to include Dressel's Olympic record time, the fact he held his breath while in the pool and to note the silver and bronze medal winners.

Go deeper

Aug 31, 2021 - Sports

U.S. Army vet Shawn Morelli rides to gold at Tokyo Paralympics

Team USA's Shawn Morelli at the Izu Velodrome in Izu, Japan, on Aug. 25. Photo: Kiyoshi Ota/Getty Images

U.S. Army veteran Shawn Morelli added to her Tokyo Paralympic Games medal count, when the defending champion won the women's cycling time trial C4 on Tuesday morning Japan time.

The big picture: Morelli won Team USA's first medal of the Tokyo Paralympics, with her silver medal performance in the women's C4 3000-meter individual pursuit last week. Morelli took up cycling three years after she lost her sight in her left eye in a 2007 Afghanistan bomb blast, which also left her with neck and nerve damage.

Exclusive: Biden administration raises minimum wage for federal employees to $15

A poster demanding a federal $15-per-hour minimum wage seen near the White House in Washington, D.C. on Feb. 26, 2021. Photo: Erin Scott/Bloomberg via Getty Images

Federal agencies are being directed to raise the minimum wages for government employees to $15 an hour, according to new guidance from the Office of Personnel Management shared first with Axios.

Why it matters: The guidance will impact almost 70,000 federal employees, most of which work at the Departments of Agriculture, Defense and Veterans Affairs. OMP is directing agencies to implement the new wage by Jan. 30.

Kate Marino, author of Markets
41 mins ago - Economy & Business

The Federal Reserve is open to creating a digital dollar

Illustration: Aïda Amer/Axios

The Federal Reserve finally released a much-delayed paper yesterday opining on the pros and cons of developing its own central bank digital currency (CBDC), but without coming to any firm conclusions.

Why it matters: Around the world, there are now 23 CBDCs either in pilot or formally launched. They have morphed from a theoretical concept into real-world digital cash, changing the way governments and millions of people use money — but not in the U.S.