Divided Democrats, Mission Creep, Argentina IMF Deal: Eco Day

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

• U.S. Democrats are divided over which pieces of President Joe Biden’s economic agenda to pay for -- and how long to pay for them
• Senate Republicans are warning of “mission creep” in picks for Federal Reserve regional presidents
• The U.S.’s poorest big city is gearing up to decide its post-pandemic future
• Chile’s central bank will likely speed up the pace of interest rate increases as inflation soars and lawmakers weigh even more stimulus for one of the world’s fastest growing economies
• The U.K. is at risk of making two policy mistakes as the central bank and Treasury prepare to reduce stimulus
  • Meanwhile Chancellor of the Exchequer Rishi Sunak is using his first official visit to the U.S. to urge major economies to collaborate on the supply disruptions hampering global growth
• Here’s Bloomberg Economics on how recent advances in econometrics provide a tool to track equity bubbles forming in real time
• Argentina’s President says a deal with the International Monetary Fund won’t happen until 2022
• Peter Kazimir, a member of the European Central Bank’s Governing Council, was charged with bribery in Slovakia
• China’s export growth accelerated in September, defying expectations of a slowdown amid a nationwide power crunch that forced factories to cut production

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