Debt Deal, Beer Game, Stephanomics on Supply Chains: Eco Day

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

• The U.S. Senate is nearing a deal on a short-term increase in the debt ceiling that would pull the country from the brink of default
  • Yellen’s above-the-fray approach at the Fed is put to the test as she tries to solve debt limit spat
• Why growth won’t fall off a fiscal cliff in 2022, according to Bloomberg Economics
• A scandal over stock trades by some top officials under Jerome Powell’s leadership could damage his prospects for a new term at the Fed
• A Biden administration attempt to untangle global chip supply snarls is facing resistance from lawmakers and executives in Taiwan and South Korea
• ECB’s Stournaras reckons investor rate-hike bets are unwarranted
• The jump in global food prices to a decade high risks leading to even more expensive grocery bills, and the energy crisis may make it worse
• K-Pop to ‘Squid Game’ lift Korean soft power and the economy
• Prospects that the world’s snarled supply chains may become less tangled were dealt a setback last month at the MIT ‘Beer Game’
• Canada is moving painfully slow to set the market and regulatory conditions for a cleaner economy, according to an ISF report
• Finally, check out this week’s Stephanomics podcast: Why Global Supply Chains Have Become So Snarled (Podcast)

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