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US president Joe Biden suffered a blow to his efforts to pass his signature $1.75tn social spending bill when Joe Manchin, the pivotal Democratic senator from West Virginia, explicitly rejected the package, European countries are tightening restrictions to reduce the spread of Omicron after the Netherlands reimposed a strict nationwide lockdown on Saturday, and FT capital markets correspondent Tommy Stubbington explains why the yield curve is so important to investors using a musical interpretation of the all-important chart. 

European countries impose travel curbs to slow Omicron’s spread

Millions to lose child benefit as Biden social spending bill is delayed - with Taylor Nicole Rogers

Joe Manchin says he will vote against Biden spending bill

The yield curve: why investors are watching closely - with Tommy Stubbington

VIDEO: Sonification: turning the yield curve into music

The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley. 

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