October 6, 2025
United States:
White House Raises Pressure on Democrats If Shutdown Vote Fails
The White House tightened its pressure on congressional Democrats as a US government shutdown lurched into a second week, saying it would give the holdouts another chance to agree to the spending bill before initiating mass firings of federal workers.
With the Senate set to vote late Monday for the fifth time on a stopgap bill to keep the government open through Nov. 21, Kevin Hassett, a top economic adviser to President Donald Trump, argued that it was time for Democrats to be “reasonable.”
Europe:
Says ECB’s Guindos and Lane Signal Little Urgency to Change Rates for Now
Vice President Luis de Guindos, Chief Economist Philip Lane and Bank of Spain Governor Jose Luis Escriva acknowledged a variety of factors to influence consumer prices in both an upward and downward direction.
“We could say that risks for inflation are balanced, we’re meeting our projections and price stability could be somehow guaranteed,” Guindos said at conference in Madrid on Monday. “We consider our current levels appropriate. Appropriate based on recent inflation, our own inflation projections for the coming years and also on monetary policy transmission.”
Asia:
Japan’s Wages Gain Most in Seven Months, Backing Rate Hike Case
Japanese workers’ nominal pay rose at the fastest clip in seven months, with real wages increasing for the first time this year, supporting the case for the Bank of Japan to consider a rate hike in the months ahead.
Nominal wages increased 4.1% in July from a year earlier, accelerating from a revised 3.1% gain in June, the labor ministry reported Friday.
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