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U.S. Tax, Inflation Fight, Supply Squeeze, Debt Plan: Eco Day
U.S. Tax, Inflation Fight, Supply Squeeze, Debt Plan: Eco Day
28 Oct 2021, 04:41 PM IST
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(Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.
Welcome to Thursday, Americas. Here is the latest from Bloomberg Economics to help you start your day:
- President Joe Biden will go to Capitol Hill, hours before he departs for summits in Europe, to brief House Democrats on his economic agenda as a congressional deal to approve it remains elusive
- The head of the House tax-writing committee said a proposal to put a levy on the assets of billionaires won’t be part of negotiations on President Joe Biden’s social-spending bill, injecting new uncertainty into how Democrats will pay for the president’s agenda
- NYC’s once-thriving Asian businesses struggle to recover
- The European Central Bank is expected to hold policy unchanged when its latest decision is announced at 7:45 a.m. Eastern Time -- follow our live blog
- Brazil sees another 150 points interest rate hike in December
- G-20 countries are struggling to agree on how to save a debt-relief program for poor nations hit hard by the coronavirus pandemic
- As the cost of living surges all over the world, governments aren’t leaving the job of containing inflation to their central banks. They’re responding in other ways too
- Euro-area consumers are most worried about prices since 1993
- Global supply chains will need an estimated $100 trillion in investment to achieve the planet’s goal of net-zero carbon emissions over the next three decades, according to new research that pins as much as half of that price tag on small- to medium-size businesses
- Chancellor Rishi Sunak’s unexpected budget giveaway increased the prospects of a Bank of England interest-rate hike next week
- Sunak’s giveaways give BOE food for thought, Bloomberg Economics writes
- The BOE will accelerate its efforts to ensure the financial industry is dealing with the risks from climate change next year
- Bank of Korea floats green policy ideas, but without a timeline
- On this weeks episode of Stephanomics, Hong Kong-based reporter Tom Hancock visits Evergrande to see how the company is trying to raise money and avoid default
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