Macro Briefing: 25 August 2021

* House Democrats break impasse in push to pass $3.5 trillion budget bill
* Supreme Court reinstates Trump-era wait-in-Mexico asylum policy
* China reopens world’s third-busiest port after two-week shutdown
* Extreme heat is expected to be more common, according to climate forecast
* German business confidence slips for second consecutive month in August
* Richmond Fed Mfg Index slips in August but still indicates strong expansion
* New US home sales increased in July after three straight monthly declines:

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