The Congressional Budget Office declared on Thursday that President Joe Biden’s social spending bill would heighten the budget deficit by $160 billion over the next ten years if signed into law. Despite the announcement, and a filibuster from House Minority Leader Kevin McCarthy that delayed the vote Thursday evening, House Democrats are expected to approve the estimated $2 trillion bill Friday morning.

'Crazy' or 'much ado about nothing'? How Joe Biden's Build Back Better plan could impact inflation. - USA Today

CBO score on Biden spending bill would be 'pretty hard' to ignore, former director says - FOX Business

@paulkrugman: Seeing some news stories leading with "CBO says BBB will raise deficit" then acknowledging that it's bc CBO is probably underestimating revenue gains from a stronger IRS. Which is true but kind of misses the bigger point: $160 billion is tiny

Apple’s return to office date for employees was delayed to February 1 of next year with a plan to initiate a hybrid work model, according to a memo from Apple CEO Tim Cook. The plan will allow employees up to four weeks of remote work per year to allow workers time to travel, see loved ones or “shake up” employee routines.

As workers return to offices, hybrid schedules take root - The Buffalo News

Report: 98% of IT leaders concerned about security challenges due to hybrid workforce - VentureBeat

Some employers opting for geo-specific pay as remote work becomes norm - TNW

The Austrian government announced a nationwide lockdown Friday morning along with a vaccine mandate, marking the first nationwide vaccine mandate for a European country. The announcement follows Germany’s rollout of restrictions for unvaccinated citizens Thursday as Europe has continued to struggle with rising COVID-19 infections and low vaccination numbers.

Greece, like some other E.U. nations facing case surges, adds restrictions for the unvaccinated. - The New York Times

FDA clears Moderna and Pfizer’s Covid vaccine booster shots for all U.S. adults - CNBC

Europe Returns to Work-From-Home to Stem Soaring Covid Cases - Bloomberg

Workers in the United States are expecting wage increases in the coming year due to employee shortages and inflation pressures according to survey data from the University of Michigan. The news comes as 88% of Americans have expressed concern over inflation and said they plan to reduce spending where possible to deal with rising prices.

Inflation Spreads to Online Retail, Once a Haven of Discounts - Bloomberg

Take Five: Gas, inflation and time to hit the shops - Reuters

Democrats urge Biden to do more about inflation - Axios

Retail pharmacy giant CVS said it will close up to 900 storefronts over the next three years as it pivots its business model more toward health services. The announcement follows competitor Walgreens Boots Alliance’s similar shift away from a retail focus and is meant to expand CVS’s health service offerings for customers by providing treatments for diabetes and chronic care among other services.

Macy’s plans to shut 10 department stores in January while delaying other closures - CNBC

@Mikey_Tay1or: CVS closing 10% of their retail due to consumers increasing demand of buying medicine online. They’re expecting to lose $1B - $1.2B Our deal flow of vacant retail increased significantly post Covid… so I’m actually not surprised by this.

"Inflation Gives U.S. Workers Ammunition in Year-End Pay Reviews" - Bloomberg / Source: University of Michigan survey

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