The Political and Economic Challenges Facing Spain

Caretaker Prime Minister Mariano Rajoy will ask the Spanish Parliament to back him for a second term on Tuesday, as he seeks to end an eight-month political impasse. Rajoy has secured support from the liberals of Ciudadanos and a lone nationalist lawmaker from the Canary Islands, giving him 170 votes in the 350-seat chamber. But with all the other party leaders opposed to Rajoy’s candidacy, the incumbent is set for defeat unless the grandees within the Socialist Party can persuade its leader, Pedro Sanchez, to back down at the last minute. JPMorgan Asset Management Strategist Nandini Ramakrishnan discusses with Bloomberg's Anna Edwards and Manus Cranny on "Countdown."

What to Watch for in the Federal Reserve's Decision
50:48 - The Federal Open Market Committee will announce its latest interest rate decision on Wednesday afternoon. Bloomberg's Michael McKee highlights the key points to watch for on "Bloomberg Daybreak: Americas." (Source: Bloomberg)
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