Doomsday U.S. Debt Clock, Energy Crisis, Supply Chains: Eco Day

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

• The U.S. is moving closer to it first-ever default, with neither political party in Washington yet signaling it's ready to back down
  • The real cost of U.S. debt is nearer the floor than the ceiling
  • Biden seeks path out of gridlock after resetting the clock on the agenda
• The global economy is entering the final quarter of 2021 with a mounting number of headwinds threatening to slow the recovery from the pandemic recession
  • Christmas deliveries are at risk as supply chain woes continue
  • The Biden administration will directly engage with Beijing in the coming days to enforce commitments in their trade deal
  • The U.K. is emerging from the pandemic without enough workers and facing a winter tougher than any since the 1970s
  • Nordic countries are placing themselves in the vanguard of global economies trying to get rich people to fund public finances more in the aftermath of the ordeal
  • Central bank independence, a totem of economic respectability, is being challenged in some key emerging markets
  • The energy crisis sweeping the world is about to hit South America
  • Finally, here's what's to look out for in the world economy this week: U.S. Payrolls Hinge on Progress With Record Vacancies: Eco Week

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