Doomsday U.S. Debt Clock, Energy Crisis, Supply Chains: Eco Day

(Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.

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

• The U.S. is moving closer to it first-ever default, with neither political party in Washington yet signaling it’s ready to back down
  • The real cost of U.S. debt is nearer the floor than the ceiling
  • Biden seeks path out of gridlock after resetting the clock on the agenda
• The global economy is entering the final quarter of 2021 with a mounting number of headwinds threatening to slow the recovery from the pandemic recession
  • Christmas deliveries are at risk as supply chain woes continue
• The Biden administration will directly engage with Beijing in the coming days to enforce commitments in their trade deal
• The U.K. is emerging from the pandemic without enough workers and facing a winter tougher than any since the 1970s
• Nordic countries are placing themselves in the vanguard of global economies trying to get rich people to fund public finances more in the aftermath of the ordeal
• Central bank independence, a totem of economic respectability, is being challenged in some key emerging markets
• The energy crisis sweeping the world is about to hit South America
• Finally, here’s what’s to look out for in the world economy this week: U.S. Payrolls Hinge on Progress With Record Vacancies: Eco Week

©2021 Bloomberg L.P.