September 30, 2021: U.S. shutdown looms, Powell, Hawaii volcano, China power crunch, immigration
1. President Joe Biden’s agenda was at risk of being derailed by divisions among his own Democrats, as moderates voiced anger at the idea of delaying a $1 trillion infrastructure bill ahead of a critical vote to avert a government shutdown.
2. Resolving "tension" between high inflation and still-elevated unemployment is the most urgent issue facing the Federal Reserve right now, Fed Chair Jerome Powell said, acknowledging the central bank’s two goals are in potential conflict.
3. Hawaii’s Kīlauea volcano was erupting in “full swing”, the U.S. Geological Survey (USGS) said, with local media reporting that the eruption posed no immediate danger to residents.
4. Small firms caught in China’s prolonged energy crunch are turning to diesel generators, or simply shutting shop, as coal industry officials voiced fears about stockpiles ahead of winter and manufacturing shrank in the world’s no. 2 economy.
5. The U.S. Department of Homeland Security said on Wednesday it intends to issue a new memo in the coming weeks ending the "remain in Mexico" immigration program.
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