Biden’s Trade Policy, Stimulus Debate, Negative Rates: Eco Day

(Bloomberg) -- Welcome to Monday, Americas. Here's the latest news and analysis from Bloomberg Economics to help you start the day and week:

President Joe Biden's administration is setting up its trade policy to prioritize enforcement of existing commitments by the U.S.'s partners over negotiating more deals to open new export markets
Biden and Democratic congressional leaders must decide whether to break the administration's $1.9 trillion Covid-19 relief proposal into pieces after a scaled-down Republican plan emerged
- Even within the White House, there's debate about how to meet his promise to issue Americans another $1,400 each in stimulus checks
Biden on Sunday withdrew all the spending cuts proposed by former President Donald Trump during his final days in office. The cuts touched virtually every cabinet-level agency as well as federal programs such as the National Endowments of the Arts and Humanities
Find the latest high-frequency data for the U.S. economy here
The Bank of England is preparing to take a significant step into the debate on whether negative interest rates should be used to stimulate the coronavirus-stricken U.K. economy
Factory activity across much of Asia continued to hold up in January even as China's output showed signs of moderating
- In Europe, Italian manufacturing is picking up at the fastest pace in nearly three years, a bright spot in an economy that probably shrank close to 10% during the 2020 pandemic
- Finally, here's what to be on the lookout for in the global economy this week