Fed Dissent, Longer Work Days, Brazilian Stimulus: Eco Day

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

President Joe Biden and congressional Democrats signaled they're intent on a large pandemic relief bill, potentially without Republican support, even after a White House meeting with GOP senators on Monday that both sides described as productive
- Some Democratic lawmakers are pushing to add so-called automatic stabilizers to Biden's stimulus proposals
- Wealth effects from rising asset values look set to give the largest boost to U.S. consumer demand in 25 years, according to Bloomberg Economics
It's only a question of time before the discussion resumes about scaling back massive Federal Reserve asset purchases
A longer work day has become the new normal in the U.S. and other countries as the pandemic drags on and employees continue to work from home
Brazil's President Jair Bolsonaro breathed new life into the second half of his mandate as candidates he supported will preside over both houses of Brazil's congress
- Deciding whether to provide another round of Covid stimulus will be one of lawmakers' first tasks as they resume work
- The euro-area economy shrank less than expected at the end of last year, though it remains on the verge of a double-dip recession amid a slow rollout of coronavirus vaccines
- When the ECB ends its asset purchases, Italy could face concerns about debt sustainability, according to an analysis by Bloomberg Economics' David Powell