Bloomberg Top Pentagon officials will be pressed to explain whether they supported President Joe Biden’s withdrawal from Afghanistan and why the US didn’t foresee the Afghan military’s collapse to Taliban forces, forcing a hasty American withdrawal. Defense Secretary Lloyd Austin, General Mark Milley, chairman of the Joint Chiefs, and General Frank MacKenzie, head of US Central Command, are expected to ...

Bloomberg Brazil’s government plans to keep a cushion of at least 1 trillion reais ($190 billion) in cash next year to face local debt maturities as it braces for possible market turbulence in the run-up to presidential elections, according to Treasury Secretary Jeferson Bittencourt. The Treasury had a hard time in 2020, when investors concerned with President Jair Bolsonaro’s big ...

Bloomberg Federal Reserve Chair Jerome Powell said supply bottlenecks have been longer lasting than anticipated, and he expects inflation pressures to remain high in coming months before easing. “These effects have been larger and longer lasting than anticipated, but they will abate, and as they do, inflation is expected to drop back toward our longer-run 2% goal,” Powell said in ...