Executive Leadership Briefing

Lawmakers face budget showdown this week - September 27, 2021


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New York state officials are mulling whether to use members of the National Guard to help with an anticipated shortage of healthcare workers as the state’s vaccine mandate for those workers takes effect Monday. Gov. Kathy Hochul outlined the National Guard option and other steps the state may take in a plan to increase the workforce if too many hospital and nursing home employees miss the deadline. A U.S. appeals court temporarily blocked New York City schools from imposing a vaccine mandate for teachers and staff over the weekend, authorizing a temporary injunction until a hearing on Wednesday to settle the challenge from a small group of public school teachers.
Lawmakers face a showdown this week over President Joe Biden’s economic agenda as the Oct. 1 deadline for a possible government shutdown looms. An expected vote on the $1 trillion infrastructure package, slated for Monday, was postponed until Thursday, underscoring the fight ahead for Democrats’ $3.5 trillion social-spending package that could be the largest overhaul of the nation’s tax and spending priorities in decades.
Providers in markets such as fossil fuels, metals and agriculture are facing an unexpected downside to booming demand during the pandemic. While last year’s demand was historic for many commodities, rising prices forced traders to borrow more money, a change that has particularly impacted smaller players. Some banks have scaled back their lending to commodities firms, while others are entering agreements more cautiously.
Soaring power and gas prices in Europe threaten to squeeze the industry and force large increases in consumer electricity bills in coming months. As exporters such as Russia move to keep more natural gas home, countries are outbidding one another, prompting experts to predict a worsening crunch when temperatures drop this winter.
Chancellor Angela Merkel’s conservatives were defeated in Germany’s election over the weekend, setting off the beginning of what could be months of negotiation to determine the next leader of Europe’s biggest economy. Olaf Scholz of the center-left Social Democrats took the highest portion of votes on Sunday.
CONTENT FACTS.
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Executive Leadership BriefingBy Turbine Labs