The IMF seal outside its headquarters in Washington, DC. (Photo: Mandel Ngan/AFP via Getty Images)

The International Monetary Fund cut its expectations for global growth from 3.5% to 3.3% — the third downgrade since October, as Reuters points out — and said major risks to the world economy like the U.S.-China trade war and Brexit are skewed to the downside.

Why it matters: The IMF's economic downgrade is broad based. Per its latest outlook, the group dialed down growth expectations across the eurozone, Latin America, the U.S., the U.K. and Australia. Its more optimistic projections for next year's economic growth — at 3.6%— "relies on an expected rebound in growth in Argentina and Turkey" as well as other "stressed developing economies, and is therefore subject to considerable uncertainty," the report says.

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Coronavirus dashboard

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7 states set single-day coronavirus case records last week

Data: Compiled by Axios; Map: Danielle Alberti/Axios

Seven states set new highs last week for coronavirus infections recorded in a single day, according to the COVID Tracking Project and state health departments. Wisconsin and Nebraska surpassed records set the previous week.

Why it matters: Problem spots are sticking in the Midwest, although the U.S. is moving in the right direction overall after massive infection spikes this summer.

Murkowski says she opposes voting on Ginsburg replacement before election

Photo: Greg Nash/Pool/Getty Images

Sen. Lisa Murkowski (R-Alaska) said in a statement Sunday that she opposes holding a Senate confirmation vote on President Trump's nomination to replace Supreme Court Justice Ruth Bader Ginsburg before the election.

Why it matters: Murkowski joins Sen. Susan Collins (R-Maine) as one of two Republican senators who have thus far said that they do not support rushing through a confirmation vote before November. Two more defections would likely force Senate Majority Leader Mitch McConnell (R-Ky.) to resort to holding a vote in the lame-duck session, which neither Murkowski nor Collins have addressed.