There's been a lot of currents and a lot of threads that have come together to create something c consense that something needs to be done here. But what's really been going on is that the elements of the republican party have been trying not to hand a victory to the byden administration. And they've really dug their heels in and said, look, you can't tie this to other broader goals, such as spending on economic stimulus, or climate and gols'
Bloomberg News Economics Reporter Rich Miller explains why the Federal Reserve will probably have to inflict much more pain on the economy to get inflation under control. Bloomberg Businessweek Editor Joel Weber and Bloomberg News U.S. Semiconductor & Networking Reporter Ian King share the details of Ian's Businessweek Magazine story US Risks Falling Even Further Behind With Tortured Chips Act. Bloomberg Intelligence Senior Software & IT Services Analyst Anurag Rana reports on Apple announcing a rare retail promotion in China on Monday, offering four days of discounts on its top-tier iPhones and related accessories. And we Drive to the Close with Christopher Zook, CIO of CAZ Investments.
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