Yellen Cuts Fed Cash, Biden Stimulus, Deep Freeze: Eco Day
(Bloomberg) -- Welcome to Tuesday, Americas. Here’s the latest news and analysis from Bloomberg Economics to help you start the day:
- Treasury Secretary Janet Yellen is slashing the Treasury’s bulging bank account at the Fed, pushing down money market rates
- With Donald Trump’s impeachment trial behind them, Democrats are quickly pivoting back to President Joe Biden’s priorities, particularly his $1.9 trillion stimulus plan
- The U.S. energy crisis deepened with nearly 5 million people left in the dark as authorities fought to avoid a total collapse of the power grid
- The Biden administration has gotten off to a rough start trying to reassure coal miners and oil workers whose jobs are threatened by the president’s fight against climate change
- Colombia’s economy grew faster than expected at the end of 2020 as a rebound in consumer spending led the recovery from the worst slump in the nation’s history
- Mounting concern about a global chip shortage flags the possibility that industry faces a supply-chain crunch, according to Bloomberg Economics
- Switzerland’s wealth tax offers a rare real-world example of how a levy on assets can work
- Saudi Arabia is increasing pressure on international firms to shift their Middle East hubs to the kingdom, posing a direct challenge to neighboring Dubai as regional rivalry heats up
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