Democratic leaders in the U.S. House of Representatives postponed a vote to advance President Joe Biden’s $3.5 trillion package of healthcare, education and climate policies. The ambitious plan expands social programs that make up Biden's economic agenda. Centrists urged House Speaker Nancy Pelosi to vote on the Senate-passed bipartisan infrastructure bill before the House approves the $3.5 trillion budget. Fed Chairman Powell Navigates the Inflation Debate - The Wall Street Journal Wall Street is telling investors to prepare for the two big spending bills Congress is set to pass - CNBC @jtemple: If Congress passes the Clean Electricity Payment Program it could be one of the most consequential climate policies in US history – cutting more than 1 billion tons of annual emissions by 2030 & setting us up to decarbonize transportation & buildings. The seven-day average of COVID-19 cases in Arkansas and Missouri – states that were previously considered delta variant hotspots – is down 12% from its peak. Following the Food and Drug Administration’s approval of the Pfizer COVID-19 vaccine, Biden said companies should impose vaccine mandates on employees. Cruise Passenger Dies From Covid, Testing Industry Plans - The New York Times NYC mandates vaccinations for public school teachers, staff - Associated Press U.S. energy firms launching employee COVID-19 vaccination mandates - Reuters State offers $100 incentive to get first dose of COVID-19 vaccine by Labor Day - Wisconsin State Journal @kylegriffin1: President Biden on the Pfizer approval news: "The moment you've been waiting for is here. It's time for you to go get your vaccination. And get it today. Today." U.S. factories and service providers reported substantially slower growth in August. The IHS Markit survey of purchasing managers found the broadest segment of the economy, the service-sector, fell to 55.2 in August from 59.9 in July – an eight-month low. Recent cancellations of events like concerts as well as Apple, Amazon and Facebook’s postponements to returning to the office likely slowed consumer spending and economic growth. Delta variant, supply woes crimp business activity in August - Reuters Kamala Harris Stresses Cooperation on Supply Chains in Singapore Visit - The Wall Street Journal Are concerts safe? For a growing number of artists and tour pros, risk outweighs reward - The Los Angeles Times States that withdrew from federal unemployment programs in June saw slightly higher job growth through August when compared to states that did not end benefits. Still, the large majority of people who saw benefits reduced or eliminated did not find employment, fueling nearly a $2 billion cut in household spending and hurting local economies. Democrats Unlikely to Extend Federal Unemployment Benefits - Insider Cutoff of Jobless Benefits Is Found to Get Few Back to Work - The New York Times @jbartash: The tide has definitely turned: A majority of business economists now believe the Federal Reserve needs to cut back on stimulus. Taper, in other words. Shift reflects confidence in economic recovery and more worries about inflation. Remote work throughout the pandemic cost German companies $62 billion in damages from cyber attacks. The estimates were more than double the value reported in 2019 with increased working from home accounting for at least a quarter of the increase. An increasing number of employees still want to work from home at least half of the time. Millennial women want remote work, but many fear they’ll miss opportunities if not in office, according to report - CNBC For Some College Students, Remote Learning Is a Game Changer - The new York Times "Ending unemployment benefits had little impact on jobs and fueled $2 billion spending cut, study finds" - CNBC, Aug. 23, 2021 / Source: Bureau of Labor Statistics

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