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Macro Briefing: 13 September 2021

Summary:
* House Dems eye taxes on wealthy, corporations to pay for .5 trillion budget* Sen. Manchin, a key swing vote, says he will not vote for .5 trillion budget* Government-shutdown risk is rising threat for Democrats in Washington* Delta variant drives another Covid-19 outbreak in China* North Korea reports testing a new long-range missile* Russia’s military influence in Africa is rising, posing challenge to status quo* US job growth won’t regain peak until 2030, new gov’t analysis predicts* US producer inflation accelerated in August, reaching record 8.3% from year ago:

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* House Dems eye taxes on wealthy, corporations to pay for $3.5 trillion budget
* Sen. Manchin, a key swing vote, says he will not vote for $3.5 trillion budget
* Government-shutdown risk is rising threat for Democrats in Washington
* Delta variant drives another Covid-19 outbreak in China
* North Korea reports testing a new long-range missile
* Russia’s military influence in Africa is rising, posing challenge to status quo
* US job growth won’t regain peak until 2030, new gov’t analysis predicts
* US producer inflation accelerated in August, reaching record 8.3% from year ago:

Macro Briefing: 13 September 2021

James Picerno
James Picerno is a financial journalist who has been writing about finance and investment theory for more than twenty years. He writes for trade magazines read by financial professionals and financial advisers. Over the years, he’s written for the Wall Street Journal, Barron’s, Bloomberg Markets, Mutual Funds, Modern Maturity, Investment Advisor, Reuters, and his popular finance blog, The CapitalSpectator.

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