Minimum Wage, Fed Controversy, U.S. Zombie Companies: Eco Day

(Bloomberg) -- Welcome to Tuesday, Americas. Here’s the latest news and analysis from Bloomberg Economics to help you start the day:

• Pressure on the U.S. Congress to boost the federal minimum wage floor for the first time in 13 years is building after Florida voted to increase the state’s minimum wage to $15 an hour by 2026
• Barring a surprise on Capitol Hill, the Federal Reserve’s Board of Governors is about to get its most controversial and contentious new member in decades
• Delta Air Lines Inc. is sidestepping millions of dollars in U.S. tariffs on European jetliners by initially routing them far outside the country to such places as Amsterdam, Tokyo and El Salvador.
• President-elect Joe Biden’s call for Congress to pass a larger-scale stimulus package swiftly ran into Republican opposition
  • President Donald Trump is rushing to leave his final mark on energy, financial and foreign policy while stalling the transition to President-elect Joe Biden
  • The world is awash with too much savings and central banks don’t have the tools on their own to combat the economic stagnation that’s a result, ex-Fed Chair Janet Yellen and U.S. Treasury Secretary Lawrence Summers said
  • Meantime Yellen didn’t push back on reports that she’s in the running to become the next Treasury secretary
  • Newly released documents from the Fed raise questions over how a 2012 leak of confidential information was handled
  • America’s zombie companies have racked up $1.4 trillion of debt
• The treasurer of Mexico’s Finance Ministry, an experienced entrepreneur and a career Banxico director are the three women seen as the top candidates to fill a key seat on the board of the country’s central bank
• Venezuelan central bank officials have summoned executives from a handful of local financial firms to discuss plans to create a clearing and settlement system in U.S. dollars starting next year
• Don’t miss the Bloomberg New Economy Forum. Watch here on the Terminal, and here on the web

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