Balance of Power

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.President Donald Trump imposed a crushing 50% tariff on Indian goods to punish the country for buying Russian oil, upending a decades-long push by Washington to forge closer ties with New Delhi.The new tariffs, the highest in Asia, took effect at 12:01 a.m. in Washington on Wednesday, doubling the existing 25% duty on Indian exports. The levies will hit more than 55% of goods shipped to the US — India’s biggest market — and hurt labor-intensive industries like textiles and jewelry the most. Key exports like electronics and pharmaceuticals are exempt, sparing Apple Inc.’s massive new factory investments in India for now.The move marks a sharp deterioration in ties for the two nations and an about-turn in Washington’s strategy over the years to court India as a counterweight to China. Trump has slammed India for buying Russian oil, which he said was funding President Vladimir Putin’s war in Ukraine. New Delhi has defended its ties with Russia and has called the US’s actions “unfair, unjustified and unreasonable.”Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe speaks with: Bloomberg Washington Correspondent Tyler Kendall. Advancing American Freedom Senior Fellow Joel Griffith. Economic Times of India Columnist Seema Sirohi. Joe Lavorgna, Counselor to US Treasury Secretary Scott Bessent. Bloomberg Tech Co-Host Caroline Hyde. Bloomberg Intelligence Senior Defense Research Analyst Wayne Sanders. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.Federal Reserve Governor Lisa Cook vowed to fight President Donald Trump’s move to oust her from the central bank following allegations that she falsified mortgage documents.“His attempt to fire her, based solely on a referral letter, lacks any factual or legal basis. We will be filing a lawsuit challenging this illegal action,” Cook’s lawyer, Abbe Lowell, said in a statement. Previously, Cook said she would “carry out my duties to help the American economy as I have been doing since 2022.”Cook’s challenge of Trump’s removal effort throws the future of the central bank’s board into further question after the president’s move Monday night, which represented a dramatic escalation in his battle for more control over monetary policy.Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe speaks with: Bloomberg Economics US Economist Stuart Paul. Stonecourt Capital Partner Rick Davis and ROKK Solutions Partner Kristen Hawn. Bloomberg Washington Correspondent Tyler Kendall. Constitutional Attorney Robert McWhirter. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.President Donald Trump and South Korean President Lee Jae Myung expressed optimism for close cooperation on North Korea, collective security and shipbuilding, though the US leader downplayed the chances for further concessions on Seoul’s tariff deal.“We can do big progress with North Korea,” Trump said at the White House on Monday alongside Lee.The South Korean leader launched a charm offensive on Trump, praising stock-market gains, the gold finishes he added to the Oval Office and his peacekeeping efforts, and asked him to focus on ending tensions on the Korean peninsula. Lee even suggested that Trump could construct an eponymous tower in North Korea if peace is made.Still, Trump indicated that the agreement for a 15% tariff on South Korean imports would likely stick as-is, as they hash out unresolved details on the deal.“I hear they want to renegotiate the deal, but that’s OK, I don’t mind that. That doesn’t mean they’re going to get anything, but I don’t mind,” the US president said.On this edition of Balance of Power, Joe speaks with: Tyler Kendall, Bloomberg Washington correspondent Staurt Paul, Bloomberg Economics US Economist Dr. Christopher Smart, Founder and Managing Partner of Arbroath Group and former Special Assistant to the President at the National Economic Council during the Obama Administration Rick Davis, Partner at Stonecourt Capital and Bloomberg Politics Contributor & Roger Fisk, Former Special Advisor to President Barack Obama and Democratic Strategist Spencer Cox, Governor of Utah (R) & Chris Levesque, President and CEO of TerraPower See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF. Federal Reserve Chair Jerome Powell carefully opened the door to an interest-rate cut in September, pointing to rising risks for the labor market even as worries over inflation remain. “The stability of the unemployment rate and other labor market measures allows us to proceed carefully as we consider changes to our policy stance,” Powell said in remarks prepared for the Fed’s annual conference in Jackson Hole, Wyoming on Friday. “Nonetheless, with policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance.” Following Powell’s remarks, investors boosted bets that the Federal Open Market Committee would cut rates at its Sept. 16-17 meeting. Economists at Deutsche Bank, Barclays and BNP Paribas pulled forward their forecasts for the next rate cut to September. On this edition of Balance of Power, Tyler Kendall and Michael Shepard, in for Joe and Kailey, speak with: Michael McKee, Bloomberg International Economics and Policy Correspondent Lael Brainard, Former Director of the National Economic Council During the Biden Administration, Former Vice Chair of the Federal Reserve, Distinguished Fellow at the Georgetown Psaros Center for Financial Markets and Policy Brian Platt, Bloomberg Canada Government reporter Kathryn Edwards, Economic Policy Consultant & Bloomberg Opinion Contributor Myles Miller, Bloomberg Senior Reporter Jeanne Sheehan Zaino, Democracy Visiting Fellow at Harvard Kennedy School's Ash Center and Democratic Strategist & Ashley Davis, Partner at S-3 Group and Republican Strategist See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.US Treasuries snapped two days of gains as traders pared bets on a September interest-rate cut ahead of the Federal Reserve’s gathering at Jackson Hole. The yield on the 10-year benchmark rose four basis points to 4.33%. The two-year yield — which is more sensitive to changes in monetary policy — moved up to 3.79% Thursday in New York. The selloff accelerated after Fed Bank of Cleveland President Beth Hammack said she wouldn’t support lowering interest rates if the meeting were tomorrow, citing inflation figures. Fed Chair Jerome Powell will deliver his remarks at the Jackson Hole, Wyoming, symposium on Friday morning.Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Bloomberg's Tyler Kendall and Michael Shepard are in for Joe and Kailey. They speak with: Bloomberg International Economics and Policy Correspondent Michael McKee. EY-Parthenon Senior Economist Lydia Boussour. Host of Bloomberg Law on Bloomberg Radio June Grasso. Bluestack Strategies Founder Maura Gillespie and Lift Our Voices Co-Founder Julie Rogisnky. Bloomberg Texas Bureau Chief Julie Fine. Republican Congresswoman Nicole Malliotakis of New York. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.President Donald Trump called on Federal Reserve Governor Lisa Cook to resign after a staunch ally called for an investigation of the board member’s mortgages, intensifying his campaign on the central bank.Federal Housing Finance Agency Director Bill Pulte urged Attorney General Pam Bondi to investigate Cook over a pair of mortgages, the latest in a series of moves by the Trump administration to increase legal scrutiny of Democratic figures and appointees. Cook was nominated to the Fed by former President Joe Biden.Trump said Wednesday that Cook “must resign now,” citing Pulte’s allegations, while the FHFA head posted on social media that the accusations give Trump “cause to fire” her.Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Bloomberg's Tyler Kendall and Michael Shepard are in for Joe and Kailey. They speak with: Bloomberg White House Correspondent Josh Wingrove. Bloomberg International Economics and Policy Correspondent Michael McKee. Ipsos US Public Affairs President Cliff Young. Bloomberg Markets Live Managing Editor Kristine Aquino. Republican Main Street Partnership President and CEO Sarah Chamberlain and Third Way Executive Vice President Matt Bennett. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF. A package of security guarantees for Ukraine will take shape as soon as this week as leaders seize on President Donald Trump’s backing for a plan that involves sending European troops as part of a potential peace deal. After a White House summit on Monday yielded a firmer US commitment to guarantees, European leaders are looking to leverage Trump’s offer and place Kyiv in a stronger position ahead of a possible meeting between Presidents Vladimir Putin and Volodymyr Zelenskiy. A gathering of European officials on Tuesday focused on a plan to send British and French troops to Ukraine as part of a peace agreement, including the size and position of military personnel, according to people familiar with the matter. About 10 countries would be ready to send forces to the war-battered nation, they said on condition of anonymity. Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Bloomberg's Tyler Kendall and Michael Shepard are in for Joe and Kailey. They speak with: Bloomberg National Security and Intelligence Reporter Natalia Drozdiak. Former UK Ambassador to the US Sir Peter Westmacott. Bloomberg Politics Contributor Jeanne Sheehan Zaino and BGR Group International Practice Principal Lester Munson. Former Deputy National Security Advisor for Cyber and Emerging Technology in the Biden Administration Anne Neuberger. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.US President Donald Trump and Ukrainian leader Volodymyr Zelenskiy expressed hope their summit with European leaders could result in trilateral talks with Vladimir Putin over ending the Russian leader’s war in Ukraine. The White House meeting, which included top European leaders, came days after the US president met Putin in Alaska. But while that gathering — which saw Trump say the onus was on Zelenskiy to end the three-year conflict — sparked concern among allies, Monday’s meeting provided Ukraine reason for hope.Zelenskiy said he was encouraged that the US would participate in security guarantees as part of any peace deal, and signaled that Trump had agreed to a key ask: that discussion of territorial exchanges would be reserved for direct talks with Putin. Trump signaled that he may be able to convince Russia to release as many as a thousand prisoners as a show of good faith. More broadly, the two leaders — who have often struggled to work harmoniously since Trump’s return to power — spent the afternoon praising each other and underscoring the unity between Kyiv and Washington.Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Bloomberg's Tyler Kendall and Michael Shepard are in for Joe and Kailey. They speak with: Bloomberg Senior Editor Wendy Benjaminson. Lexington Institute Vice President Rebecca Grant. Lt. Gen. Ben Hodges (US Army, Ret.), Former-Commanding General of US Army Europe, Supreme Allied Commander. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.US President Donald Trump called his meeting with Russian counterpart Vladimir Putin “extremely productive” but indicated that a deal to end the war had still not been finalized, adding that he would speak to NATO allies and Ukrainian President Volodymyr Zelenskiy.“There’s no deal until there’s a deal,” Trump said Friday in Anchorage, Alaska as he stood alongside Putin for a joint event. The event followed the longest ever face-to-face meeting between the two leaders. But despite their extended conversation neither leader provided clear details on their discussion or on where they found common ground, a move that will likely intensify anxiety in European capitals and in Kyiv about an agreement that sidelines their input.Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe speaks with: Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino. Bloomberg Managing Editor Kevin Whitelaw. Bloomberg Chief Political Correspondent Annmarie Hordern. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.US President Donald Trump warned he would impose “very severe consequences” if Vladimir Putin didn’t agree to a ceasefire agreement later this week, following a call with European leaders ahead of his meeting with the Russian president. Trump also said he hoped to use the Friday meeting to set up a “quick second meeting” with Ukrainian leader Volodymyr Zelenskiy after allies pressed him to push for such a summit. UK Prime Minister Keir Starmer is hosting Zelenskiy in London on Thursday.“There’s a very good chance that we’re going to have a second meeting which will be more productive than the first,” Trump told reporters Wednesday at the Kennedy Center, adding that he was “setting the table for the second meeting.”Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe speaks with: Alaska Governor Mike Dunleavy. Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino. Bloomberg Senior Editor and Author of "The Everything Risk" Newsletter Edward Harrison. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.President Donald Trump said he may name the next Federal Reserve chair “a little bit early” and added that he was down to three or four potential candidates as he looks for a successor to Jerome Powell.“I’ll be naming a new chairman sometime within the next — I think I’ll name it a little bit early, the new chairman. I’m down to three or four names,” Trump said Wednesday during an event at the Kennedy Center in Washington, describing the contenders as “all good, all great.”Trump has hammered Powell over the central bank’s decision to hold interest rates steady, repeatedly calling in the past for him to resign and publicly mulling whether he should fire the chair outright before saying he would wait for his term to end in May. Naming his successor while Powell is still finishing his term raises the prospect of a “shadow Fed” emerging and risks creating whiplash for investors tracking the positions of both the current and future chairs.Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe speaks with: Republican Congressman Troy Downing of Montana. Defense Priorities Senior Fellow & Director of Military Analysis Jennifer Kavanagh. Bloomberg Contributor Adam Hodge and former RNC Communications Director Lisa Camooso Miller. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.President Donald Trump extended a pause of higher tariffs on Chinese goods for another 90 days into early November, stabilizing trade ties between the world’s two largest economies.Trump signed an order extending the truce through Nov. 10, deferring a tariff hike set for Tuesday. The de-escalation first took effect when the US and China agreed to reduce tit-for-tat tariff hikes and ease export restrictions on rare earth magnets and certain technologies.“All other elements of the Agreement will remain the same,” Trump said in a Truth Social post, suggesting no planned changes to US trade policy or to the terms of the arrangement. A fact sheet, posted by the White House, didn’t detail any modifications beyond the date extension.Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe speaks with: Wiley Rein National Security Practice Group Lead Nazak Nikakhtar. Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino. Democratic Congressman Jake Auchincloss of Massachusetts. Bloomberg US Treasury Reporter Daniel Flatley. Republican Congressman Tim Burchett of Tennessee. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.President Donald Trump announced he would take federal control of Washington DC’s police department and deploy 800 National Guard troops there, escalating his push to exert power over the nation’s capital. Trump on Monday also threatened to insert federal personnel into other cities, including New York and Chicago, if they did not crack down on what he called “out of control” crime. During a White House news conference, Trump painted a nightmarish picture of a Washington that’s been “overtaken” by “bloodthirsty criminals” and “roving mobs of wild youth” that was at direct odds with statistics showing plummeting crime rates. Violent crimes in the capital reached a 30-year low in 2024, the Justice Department announced weeks before Trump took office in January. Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe speaks with: US Office of Personnel Management Director Scott Kupor. Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino. Bloomberg Economics Chief Geoeconomics Analyst Jennifer Welch. Global Situation Room President Brett Bruen. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe speaks with Garrett Graff, author of the new book The Devil Reached Toward the Sky: An Oral History of the Making and Unleashing of the Atomic Bomb. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.Washington and Moscow are aiming to reach a deal to halt the war in Ukraine that would lock in Russia’s occupation of territory seized during its military invasion, according to people familiar with the matter.US and Russian officials are working toward an agreement on territories for a planned summit meeting between Presidents Donald Trump and Vladimir Putin as early as next week, the people said, speaking on condition of anonymity to discuss private deliberations. The US is working to get buy-in from Ukraine and its European allies on the deal, which is far from certain, the people said.Putin is demanding that Ukraine cede its entire eastern Donbas area to Russia as well as Crimea, which his forces illegally annexed in 2014. That would require Ukrainian President Volodymyr Zelenskiy to order a withdrawal of troops from parts of the Luhansk and Donetsk regions still held by Kyiv, handing Russia a victory that its army couldn’t achieve militarily since the start of the full-scale invasion in February 2022.Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe speaks with: Bloomberg National Security Reporter Courtney McBride. Former US Deputy Secretary of State Wendy Sherman. Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with: Bloomberg Washington Deputy Bureau Chief Laura Davison. Chairman of the White House Council of Economic Advisers Stephen Miran. Bloomberg Politics Contributors Rick Davis and Adam Hodge. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.President Donald Trump highlighted “great progress made” in a meeting between his envoy and Russian President Vladimir Putin, while still leaving open the possibility of further penalties on Moscow’s oil revenues. Earlier Wednesday, Trump doubled tariffs on Indian goods to 50% as punishment for its purchases of Russian energy. US officials are weighing additional actions to choke off energy sales that are a key source of funds for Russia’s war effort in Ukraine.The Trump administration is considering new sanctions on Moscow’s covert fleet of oil tankers and several entities that enable them to operate, according to people familiar with the matter.Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with: Bloomberg Washington Correspondent Tyler Kendall. Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino. Bloomberg Tech Host Ed Ludlow. Joe Lavorgna, Counselor to Treasury Secretary Scott Bessent. S-3 Group Partner Ashley Davis. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.President Donald Trump said that US tariffs on semiconductor and pharmaceutical imports would be announced “within the next week or so,” as the administration prepares to target key economic sectors in its effort to remake global trade.  “We’ll be putting a initially small tariff on pharmaceuticals, but in one year — one and a half years, maximum — it’s going to go to 150% and then it’s going to go to 250% because we want pharmaceuticals made in our country,” Trump said Tuesday in an interview on CNBC. “We’re going to be announcing on semiconductors and chips, which is a separate category,” the president continued.Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with: Bloomberg Washington Deputy Bureau Chief Laura Davison. Former Deputy US Trade Representative Sarah Bianchi. Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino. Retired Two-Star Marine Corps Major General Arnold Punaro, former Staff Director of the Senate Armed Services Committee. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.Texas Democratic lawmakers said they left the state in an effort to temporarily block Republicans from redrawing its congressional maps — a redistricting initiative pushed by President Donald Trump to help retain GOP control of the US House of Representatives in the midterms.Many have gone to the Chicago area, selecting a location where local and state governments are led by Democrats. Some the politicians also went to Boston and Albany, New York. “I’m going to do everything I can to make sure that they’re welcome here, that they have the ability to stay as long as they need to and want to,” Illinois Governor JB Pritzker said at a press conference in Carol Stream, flanked by the Texas lawmakers.Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with: Bloomberg International Economics and Policy Correspondent Michael McKee. Republican Congressman Bryan Steil of Wisconsin. Bloomberg Texas Bureau Chief Julie Fine. Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino. US Ambassador to NATO Matthew Whitaker. Bloomberg White House and National Security Editor Michelle Jamrisko. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.US job growth cooled sharply over the past three months and the unemployment rate rose, showing the labor market is shifting into a lower gear amid widespread economic uncertainty.Payrolls increased 73,000 in July after the prior two months were revised down by nearly 260,000, according to a Bureau of Labor Statistics report out Friday. In the last three months, employment growth has averaged a paltry 35,000 — the worst since the pandemic.Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with: Bloomberg Economics US Economist Stuart Paul. Brookings Institution Vice President and Director of Economic Studies Ben Harris. Massachusetts Governor Maura Healey. Bloomberg Politics Contributor Jeanne Sheehan Zaino and Former RNC Communications Director Lisa Camooso Miller. Former Republican Congressman and Bloomberg Contributor Patrick McHenry. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.President Donald Trump will sign an executive order on Thursday imposing new tariff rates on trading partners that take effect Friday, the White House said. The signing will take place “at some point this afternoon or later this evening,” White House Press Secretary Karoline Leavitt told reporters during a news briefing, adding that “Aug. 1, the reciprocal rates will be going into effect.”It’s unclear how many orders Trump will need to sign to enact the new policies.Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with: Bloomberg Washington Correspondent Tyler Kendall. Former US Trade Ambassador Ron Kirk. Bloomberg Politics Contributor Jeanne Sheehan Zaino and Echo Canyon Consulting CEO Jon Seaton. Economic Consultant Kathryn Edwards. Republican Congresswoman Nicole Malliotakis of New York. Firehouse Strategies Partner Alex Conant. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.Wall Street pros are staring down a pivotal week that will likely set the tone for the rest of the year in markets and the economy.First and foremost is the conclusion of the Federal Reserve’s meeting on Wednesday, and although it isn’t expected to cut interest rates, traders and investors will be poring over commentary for clues about the path ahead. Then there’s a string of Big Tech earnings with Amazon.com Inc., Apple Inc., Meta Platforms Inc. and Microsoft Corp. all reporting. And sprinkled throughout are some key indicators on the state of the economy, from gross domestic product to nonfarm payrolls.In other words, if there ever was a five-day stretch that would define the second half of the year, this is it.Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with: Bloomberg Senior Editor for US and Canada Equities Michael Regan. Bloomberg Politics Contributor Jeanne Sheehan Zaino and Bluestack Strategies Founder Maura Gillespie.  See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.Treasury Secretary Scott Bessent said that the US and China will continue talks over maintaining a tariff truce before it expires in two weeks, and that President Donald Trump will make the final call on any extension.Bessent, who led the US delegation with Trade Representative Jamieson Greer, said in Stockholm that he’ll brief Trump on Wednesday on the remaining issues.“There’s still a couple of technical details to work out,” Bessent told reporters Tuesday, after two days of meetings with officials from Beijing led by Vice Premier He Lifeng.Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with: Bloomberg Europe Correspondent Oliver Crook. Former Department of Defense China Analyst Anna Ashton. Former US Diplomat Mara Rudman. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF. The US and European Union agreed on a hard-fought deal that will see the bloc face 15% tariffs on most of its exports, including automobiles, staving off a trade war that could have delivered a hammer blow to the global economy.The pact was concluded less than a week before a Friday deadline for President Donald Trump’s higher tariffs to take effect and was quickly praised by several European leaders, including German Chancellor Friedrich Merz and Italian Prime Minister Giorgia Meloni, who called it “sustainable.”Trump and European Commission President Ursula von der Leyen announced the deal Sunday at his golf club in Turnberry, Scotland, although they didn’t disclose the full details of the pact or release any written materials. The 15% rates will take effect Aug. 1, according to a US official.Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with: Bloomberg Washington Correspondent Tyler Kendall. Schulz Trade Law Founder and Managing Partner Michelle Schulz. Texas State Representative James Talarico. Arbroath Group Founder and Managing Partner Christopher Smart. Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.Donald Trump arrives in Scotland on Friday evening for a private five-day visit of his mother’s ancestral home, taking in two golf resorts he owns. UK Prime Minister Keir Starmer knows full well that when it comes to this US president, little is ever really private.Trump’s first trip to Britain since his reelection will see him travel to his estates at Turnberry on Scotland’s picturesque west coast and Menie in Aberdeenshire. It comes only weeks before he crosses the Atlantic again on an official state visit to meet King Charles III in September. For Starmer, who will meet Trump in Scotland, it’s not without its risks.The two leaders have struck up an unlikely partnership this year, with Trump repeatedly commenting on their positive working relationship in spite of the premier’s left-wing politics: “for some reason, we get along,” he said alongside Starmer at the Group of Seven summit in Canada last month. Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Bloomberg Washington Correspondent Tyler Kendall is in for Kailey. Joe and Tyler speak with: Bloomberg Senior Editor Wendy Benjaminson. Former National Economic Council Director and Former Federal Reserve Vice Chair Lael Brainard. Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino. Former RNC Communications Director Lisa Camooso Miller. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.President Donald Trump and other administration officials are heading to the Federal Reserve today to learn about the central bank buildings’ $2.5 billion renovation.Fed. Chair Jerome Powell has been under fire from Trump for months for leading the Fed in holding fast on interest rates — declining to continue last year’s reductions due to concern over the inflationary impact of the administration’s tariff hikes.In recent days, Trump has said that he did not plan to fire Powell before the end of his term — but has not fully closed the door over removing him over his handling of the renovation project.Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Bloomberg Washington Correspondent Tyler Kendall is in for Kailey. Joe and Tyler speak with: Bloomberg Managing Editor for US Economic Policy Kate Davidson. Stonecourt Capital Partner Rick Davis and Bully Pulpit International Managing Director Adam Hodge. Democratic Congressman Suhas Subramanyam of Virginia. Ipsos US Public Affairs President Cliff Young. Bloomberg Senior Editor Ed Harrison. The Budget Lab at Yale University President Natasha Sarin. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.President Donald Trump reached a trade deal with Japan that will impose 15% tariffs on imports including automobiles from the key American ally, while creating a $550 billion fund to make investments in the US.The agreement, touted by Trump after he secured breakthroughs in a final 75-minute Oval Office meeting Tuesday with Japanese negotiators, spares the nation from a threatened 25% tariff that was set to take effect next week.“They had their top people here and we worked on it long and hard, and it’s a great deal for everybody,” Trump said at a White House event Tuesday evening.Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Bloomberg Washington Correspondent Tyler Kendall is in for Kailey. Joe and Tyler speak with: Bloomberg White House Correspondent Josh Wingrove. Democratic Congressman Brendan Boyle of Pennsylvania. Senior Counselor to the President and Director of the Office of Trade and Manufacturing Policy at The White House Peter Navarro. Republican Senator Bill Cassidy of Lousiana. Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.President Donald Trump said the US reached an agreement with the Philippines setting a 19% tariff on the country’s exports, the latest pact ahead of an Aug. 1 deadline.Trump initially imposed a 17% rate for the US ally in April, which was paused to allow time for negotiations. He then threatened earlier this month to raise the charge to 20%.Trump announced the deal on social media Tuesday after meeting with Philippines President Ferdinand Marcos Jr. The minor reduction underscored the difficulty foreign leaders are facing as they attempt to convince the US president to grant relief from his country-based tariffs.Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe speaks with: Bloomberg Washington Correspondent Tyler Kendall. Former Deputy National Security Adviser for Cyber and Emerging Technology in the Biden Administration Anne Neuberger. Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino. International Capital Strategies Founder and Managing Partner Doug Rediker. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.For President Donald Trump, whose political career has benefited from voter anxiety over Washington elites, the health of his predecessor and the riches of Wall Street, the past week offered a reversal of fortune.Trump’s efforts to escape the uproar over Jeffrey Epstein failed spectacularly, after the Wall Street Journal published a story alleging he once sent a suggestive birthday letter to the disgraced financier — a claim the president denied.The White House was forced to make a rare disclosure that Trump wasn’t in perfect health. And Trump whipsawed on the fate of Federal Reserve Chairman Jerome Powell, signaling to lawmakers that he would attempt to fire him before relenting after concern about a market backlash.Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe speaks with: Bloomberg Senior National Political Correspondent Nancy Cook. Bloomberg Washington Correspondent Tyler Kendall. Sabato's Crystal Ball Managing Director Kyle Kondik. Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Kailey and guest host Bloomberg Washington correspondent Tyler Kendall speak with: Wendy Benjaminson, Bloomberg Senior Editor & Ava-Benny Morrison, Bloomberg News legal reporter Congressman Bill Huizenga, Republican representing Michigan's 4th District Rick Davis, Partner at Stonecourt Capital and Bloomberg Politics Contributor & Christina Greer, Associate Chair, Department of Political Science at Fordham Natasha Sarin, Professor at Yale Budget Lab, former Deputy Assistant Secretary for Economic Policy & former Counselor to Treasury Secretary Janet Yellen at the United States Treasury Department See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Kailey and guest host Bloomberg Washington correspondent Tyler Kendall speak with: Rep. Mike Flood (R-NE), Republican Representing Nebraska's 1st District, Member of the House Financial Services Committee, Vice Chair of the Republican Main Street Partnership Rick Davis, Partner at Stonecourt Capital and Bloomberg Politics Contributor & Jeanne Sheehan Zaino, Senior Democracy Fellow with the Center for the Study of the Presidency & Congress and Bloomberg Politics Contributor See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.President Donald Trump denied he is seeking to remove Federal Reserve Chair Jerome Powell, after raising the idea in a closed-door meeting with congressional Republicans that leaked to the media. “No, we’re not planning on doing anything,” Trump told reporters on Wednesday. He later added, “I don’t rule out anything, but I think it’s highly unlikely, unless he has to leave for fraud.”A White House official, speaking on the condition of anonymity earlier Wednesday, said they expected Trump to soon move against the Fed chief after his meeting with members of Congress visiting the White House to discuss cryptocurrency legislation. Some lawmakers also left that Tuesday evening meeting with that impression, and Trump acknowledged that he had polled the participants about dismissing Powell.Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Bloomberg's Michael Shepard is in for Joe. Kailey and Mike speak with: Bloomberg Capitol Influence Team Lead Megan Scully. Republican Congressman Jason Smith of Missouri, Chairman of the House Ways and Means Committee. Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino. Bloomberg Chief Political Correspondent Annmarie Hordern. Bloomberg International Economics and Policy Correspondent Michael McKee. Bloomberg Contributor and former Republican Congressman Patrick McHenry. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.Nvidia Corp. and Advanced Micro Devices Inc. plan to resume sales of some AI chips in China after securing Washington’s assurances that such shipments would get approved, a dramatic reversal from the Trump administration’s earlier stance on measures designed to limit Beijing’s AI ambitions.US government officials told Nvidia they would green-light export licenses for its H20 artificial intelligence accelerator, the company said in a blog post on Monday — a move that may add billions to Nvidia’s revenue this year, restoring its ability to fulfill orders it had written off as lost due to government restrictions. Nvidia designed the less-advanced H20 chip to comply with earlier China trade curbs from Washington, which Trump’s team tightened in April to block H20 sales to the Asian country without a US permit.Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with: Bloomberg Washington Correspondent Tyler Kendall. Bloomberg Senior Editor for Technology and Strategic Industries Michael Shepard. Ashton Analytics Founder and Former China Analyst at the Department of Defense Anna Ashton. Bloomberg Politics Contributor Jeanne Sheehan Zaino and Bluestack Strategies Founder Maura Gillespie. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.US President Donald Trump threatened to impose stiff financial penalties on Russia if it does not end hostilities with Ukraine even as he pledged fresh weapons supplies for Kyiv.“We’re going to be doing very severe tariffs if we don’t have a deal in 50 days, tariffs at about 100%,” Trump said Monday during a meeting with NATO Secretary General Mark Rutte at the White House.Trump said the levies would come in the form of “secondary tariffs,” without providing details. The US president has used the term in the past to describe duties imposed on countries for trading with American adversaries.Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with: Bloomberg Washington Deputy Bureau Chief Laura Davison. Center for Strategic and International Studies Director the Europe, Russia, and Eurasia Program Max Bergman. Foundation for Defense of Democracies Senior Fellow Retired Rear Admiral Mark Montgomery. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.President Donald Trump in Texas on Friday viewed firsthand the devastation left by extreme flooding that killed at least 120 people and left scores still missing in the state’s Hill Country region, seeking to reassure residents of the federal response to the disaster.The president met with local officials and emergency workers in hard-hit Kerr County, where he received a briefing, accompanied on his visit by first lady Melania Trump and Texas Governor Greg Abbott. Trump surveyed the damage in a helicopter flight and then was shown what appeared to be a map of the flood-damaged area.The scale of the destruction was evident — with Trump and the first lady standing in front of an overturned tractor trailer and amid downed trees, a testament to the force of the deadly, ravaging floodwaters which tore through the community.On this edition of Balance of Power, Joe and Kailey speak with: Julie Fine, Bloomberg Texas bureau chief Rep. Gwen Moore, Democrat Representing Wisconsin's 4th District Wendy Edelberg, senior fellow in economic studies at Brookings Institution, former chief economist at the Congressional Budget Office Jason Bailey, Bloomberg Opinion guest columnist, film critic and historian Rick Davis, Partner at Stonecourt Capital and Bloomberg Politics Contributor & & Jeanne Sheehan Zaino, Senior Democracy Fellow with the Center for the Study of the Presidency & Congress and Bloomberg Politics Contributor See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. Former Vice President Mike Pence criticized Donald Trump’s tariff agenda, saying it was a starkly different approach to trade from his first term that would harm American consumers and businesses.Pence told Bloomberg Television on Thursday that the tariffs enacted during Trump’s first presidency, when Pence served as the No. 2, were geared toward forcing nations to the negotiating table to lower barriers to trade. Pence said Trump was abandoning that approach for permanent import taxes. “We used tariffs and the threat of tariffs, principally focused on China, to leverage changes in behavior, but the objective was to essentially lower trade barriers and expand trade,” Pence said.US Secretary of State Marco Rubio is scheduled to meet his Russian counterpart Thursday as the US prepares to send more weapons to Ukraine to help it fend off attacks from the Kremlin’s war machine.Rubio and Russian Foreign Minister Sergei Lavrov are expected to hold talks on the sidelines of an Association of Southeast Asian Nations gathering in Kuala Lumpur, the State Department said.The meeting comes as Russia has been pounding Kyiv and other Ukrainian cities with record numbers of drones and missiles, leading President Donald Trump to express his mounting frustration with President Vladimir Putin for keeping up attacks.On this edition of Balance of Power, Joe and Kailey speak with: Jennifer Welch, Bloomberg Economics Chief Geoeconomics Analyst David Shimer, Biden National Security Council Director for Eastern Europe and Ukraine and Director for Russian Affairs. Senior Research Scholar at Columbia University’s School of International and Public Affairs Rep. Chuck Fleischmann, Republican representing Tennessee's 3rd District Sen. Shelley Moore Capito, Republican from West Virginia Rick Davis, Partner at Stonecourt Capital and Bloomberg Politics Contributor & Arshi Siddiqui, Former Senior Aide to Former Speaker Pelosi, and Founder/CEO of Bellwether Government Affairs See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. US President Donald Trump unveiled a new round of tariff demand letters on Wednesday with levies set to hit in August on imported goods from partners who fail to reach agreements with the US.Trump said he would levy a 30% rate on Algeria, Libya, Iraq and Sri Lanka, with 25% duties on products from Brunei and Moldova and a 20% rate on goods from the Philippines. The levies were largely in line with rates Trump had initially announced in April, though Iraq’s duties are down from 39% and Sri Lanka’s reduced from 44%.On this edition of Balance of Power, Joe and Kailey speak with: Brett Bruen, President and CEO of the Global Situation Room, former White House Global Engagement Director Josh Wingrove, Bloomberg senior White House reporter Lahnee Chen, Fellow in American Public Policy Studies at the Hoover Institution, Director of Domestic Policy Studies at Stanford University and Republican Strategist & Jeanne Sheehan Zaino, Senior Democracy Fellow with the Center for the Study of the Presidency & Congress and Bloomberg Politics Contributor Heather Boushey, former White House Council of Economic Advisers Deputy Director under President Joe Biden Hagar Chemali, Former-Director for Syria and Lebanon at the National Security Council (NSC)/CEO and Founder of Greenwich Media Strategies See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy.President Donald Trump vowed to push forward with his aggressive tariff regime in the coming days, stressing he would not offer additional extensions on country-specific levies set to now hit in early August while indicating he could announce substantial new rates on imports of copper and pharmaceuticals.The posturing on social media and at a Cabinet meeting on Tuesday came after traders initially shrugged off a series of letters and executive actions Trump issued Monday, pushing back the deadline for his so-called “reciprocal” tariffs while announcing the latest rates he planned for more than a dozen countries that had not succeeded in brokering quick trade agreements.That changed Tuesday as Trump signaled a renewed determination to push ahead with his plans to heavily tax foreign imports.On this edition of Balance of Power, Joe and Kailey speak with: Tyler Kendall, Bloomberg Washington correspondent Rep. Brian Babin (R-TX), Chairman of the House Science, Space and Technology Committee/US Representative from Texas's 36th Congressional District (2015-Present)/Republican/Dentist/Former-US Air Force Rick Davis, Partner at Stonecourt Capital and Bloomberg Politics Contributor & Jeanne Sheehan Zaino, Senior Democracy Fellow with the Center for the Study of the Presidency & Congress and Bloomberg Politics Contributor Mick Mulvaney, former Acting White House Chief of Staff, former OMB Director, former Republican Congressman from South Carolina See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. President Donald Trump unveiled the first in a wave of promised letters that threaten to impose higher tariffs rates on key trading partners, including levies of 25% on goods from Japan and South Korea beginning Aug. 1.Trump also announced 25% rates on Malaysia and Kazakhstan, while South Africa would see a 30% tariff and Laos and Myanmar would face a 40% levy. The nations were the first in what the president promised would be a flurry of unilateral warnings and trade deals announced on Monday, two days before agreements are due from trading partners facing his April 2 so-called reciprocal levies.“Our relationship has been, unfortunately, far from Reciprocal,” Trump wrote in the letters.On this edition of Balance of Power, Joe and Kailey speak with: Tyler Kendall, Bloomberg Washington correspondent Sarah Bianchi, senior managing director and chief strategist of international political affairs and public policy at Evercore ISI/Former-Deputy U.S. Trade Representative Julie Fine, Bloomberg Dallas bureau chief Rick Davis, Partner at Stonecourt Capital and Bloomberg Politics Contributor & Jeanne Sheehan Zaino, Senior Democracy Fellow with the Center for the Study of the Presidency & Congress and Bloomberg Politics Contributor Natasha Hall, Non-Resident Senior Associate, Geopolitics and Foreign Policy Department at the Center for Strategic & International Studies See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.Donald Trump’s signature economic legislation stalled in the House Wednesday afternoon as the president worked to win over Republican fiscal conservatives angry over the $3.4 trillion cost of his massive tax and spending package.Republican congressional leaders delayed a key procedural vote for hours while the hardliners met in a room just off the House floor to refine their demands and then meet with the Trump’s budget director, Russ Vought. Vought told reporters the two sides were “making good progress” as he left the session late in the afternoon. Earlier in the day, Trump summoned the conservative holdouts to the White House to meet with them in person.Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with: Republican Congressman Greg Murphy of North Carolina. Bloomberg Politics Contributor Rick Davis and Obama 2012 Campaign Manager Jim Messina. Bloomberg Washington Correspondent Tyler Kendall. Democratic Congresswoman Suzan DelBene of Washington. Republican Congressman Jim Jordan of Ohio. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.The US Senate handed President Donald Trump a major political victory with its Tuesday passage of a sweeping domestic policy bill, bringing him one step closer to a signature legislative achievement in an administration that has largely governed through executive power.The Senate’s narrow approval of the $3.3 trillion package, which likely has set the stage for the bill to be signed into law later this week, extends the tax breaks that were a centerpiece of Trump’s first administration while delivering on key 2024 campaign promises such as a no-tax-on-tips measure and funding for his border wall.That the bill survived defections from only three senators — Susan Collins of Maine, Thom Tillis of North Carolina and Rand Paul of Kentucky — hints at the tight grip Trump continues to have on his party. It also offers some validation for his tactical gambit of pursuing one mega-bill as a vehicle for his agenda, rather than of a slate of smaller ones.Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with: Bloomberg Washington Correspondent Tyler Kendall. Former Republican Congressman Charlie Dent. Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino. Yale Budget Lab Economics Director Ernie Tedeschi. Bloomberg Tech Co-Host Ed Ludlow. Bloomberg New York City and State Reporter Laura Nahmias. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF. Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. Republican Party leaders are rushing to overcome lingering internal fights over President Donald Trump’s massive tax and spending package as Democrats launch attacks to exploit the divisions. Senate Republicans were still at odds Monday over how much to cut Medicaid and other social safety-net programs and how rapidly to end Biden-era clean energy tax breaks as Democrats gained the chance to force votes on amendments to the package. Democrats, locked out of power in Washington, are planning to offer amendments during a marathon voting session to exploit the infighting and make the GOP goal of getting holdouts to back the bill as soon as Monday night more difficult. “I’m confident that the bill is going to progress as-is over the next few hours, and it will be on the president’s desk to sign on July 4,” Treasury Secretary Scott Bessent told Bloomberg Television on Monday morning. On this edition, Joe and Kailey speak with: Steve Ellis, President of Taxpayers for Common Sense Ashley Davis, Partner at S-3 Group and Republican Strategist Jeanne Sheehan Zaino, Senior Democracy Fellow with the Center for the Study of the Presidency & Congress and Bloomberg Politics Contributor Lisa Camooso Miller, Former RNC Communications Director and Republican Strategist Marc Goldwein, Senior Vice President and Senior Policy Director at the Committee for a Responsible Federal Budget See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.A sharply divided US Supreme Court limited the power of judges to block government policies nationwide but left unresolved a fight over President Donald Trump’s restrictions on automatic birthright citizenship.The 6-3 ruling Friday said Trump’s restrictions on birthright citizenship at a minimum won’t take effect for 30 days. The justices returned three cases to the lower courts to consider whether to keep the rules on hold for longer — at least in part of the country if not the whole nation.Trump hailed the decision as a “monumental victory.” By curbing so-called nationwide injunctions, the ruling could help Trump fend off other challenges to his ambitious agenda. Trump and his allies argued that a single judge generally shouldn’t have the power to block a federal government policy across the country. Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with: Bloomberg Washington Correspondent Tyler Kendall. Democratic Senator Dick Durbin of Illinois, Ranking Member of the Senate Judiciary Committee. Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino. Robert McWhirter, Constitutional lawyer and practicing criminal defense and civil rights lawyer in Maricopa County, AZ. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.A Senate rulekeeper determination that several major provisions focused on cutting Medicaid spending violate the chamber’s rules deals a heavy blow to Senate Republicans’ tax and spending bill.Senators have been scrambling to finalize their tax bill—a major priority for President Donald Trump—this week to meet a self-imposed July 4 passage deadline. The chamber’s independent rulekeeper’s decision, announced early Thursday in a release from Senate Budget Committee ranking member Jeff Merkley (D-Ore.), could delay lawmakers’ attempts to pass the legislation (H.R. 1) under reconciliation without needing Democratic support.The rulings from Senate Parliamentarian Elizabeth MacDonough could result in more than $250 billion in health care cuts being removed from the bill, Sen. Ron Wyden (D-Ore.), ranking member on the Senate Finance Committee, said in a statement.Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with: Bloomberg Washington Correspondent Tyler Kendall. Bipartisan Policy Center Senior Vice President Bill Hoagland. Republican Congressman Troy Downing of Montana. Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino. Principal at WestExec Advisors and former Cyber Executive for the Intelligence Community Laura Galante. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.House Republicans from high-tax states signaled they’re inching closer to a deal on the state and local tax deduction following a Wednesday meeting with Treasury Secretary Scott Bessent. Young Kim of California and Andrew Garbarino of New York both said they made progress at the meeting but did not divulge details on the negotiations, which are crucial to passing President Donald Trump’s multi-trillion dollar tax and spending bill. “I’m working diligently so that we have a good product that we can all support,” Kim said after the meeting.Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with: National Association of Manufacturers President Jay Timmons. Bloomberg Politics Contributor Jeanne Sheehan Zaino and S-3 Group Partner Ashley Davis. Bloomberg New York City and State Reporter Laura Nahmias. Siena College Research Institute Director Don Levy. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.Israel and Iran appeared to be honoring a ceasefire agreement unexpectedly announced by Donald Trump overnight, after the US president reacted angrily to reports of early breaches of the deal by both sides.Israeli Prime Minister Benjamin Netanyahu agreed to hold off on further strikes after a conversation with Trump on Tuesday, according to a statement from his office. Israel had destroyed a radar complex near Tehran after the truce came into effect as of 7 a.m. local time, in response to three missiles from Iran, the prime minister’s office said. Reports of attacks by both sides in the early hours of the peace accord triggered a furious reaction from Trump, who had declared the war over late Monday after 12 days of fighting. “DO NOT DROP THOSE BOMBS,” read one post on his Truth Social platform, directed at Israel in particular. “IF YOU DO IT IS A MAJOR VIOLATION.”Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with: Bloomberg Chief Political Correspondent Annmarie Hordern. Republican Congressman Michael McCaul of Texas. Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino. Emerson College Polling Center Senior Director Matt Taglia. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.President Donald Trump raised hopes of de-escalating the Middle East conflict after Iran’s strike against a US base, saying the attack was “very weak” and telegraphed ahead of time by Tehran. “I want to thank Iran for giving us early notice, which made it possible for no lives to be lost, and nobody to be injured,” the president said in a social media post Monday. “Perhaps Iran can now proceed to Peace and Harmony in the Region, and I will enthusiastically encourage Israel to do the same.”Iran fired missiles at a US air base in Qatar earlier Monday after promising it would respond “proportionately and decisively” to the weekend bombing by US forces of three nuclear facilities. Qatar said the missile barrage was intercepted and the base had been evacuated in advance. Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with: Bloomberg Washington Correspondent Tyler Kendall. Former Israel Defense Minister Yoav Gallant. Beacon Global Strategies Managing Director Michael Allen. Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.US President Donald Trump signaled he would give diplomacy a chance before deciding whether to strike Iran, dialing back on recent comments that suggested military action could be imminent.“Based on the fact that there’s a substantial chance of negotiations that may or may not take place with Iran in the near future, I will make my decision whether or not to go within the next two weeks,” Trump said in a dictated message, according to White House spokeswoman Karoline Leavitt.Iran maintained Friday it won’t negotiate with the US while an Israeli assault continues. The only way to end the imposed war is to “unconditionally stop” the enemy’s aggression, Iranian President Masoud Pezeshkian said Friday in a post on X. Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe speaks with: Bloomberg US National Security Team Lead Nick Wadhams. Former US Ambassador to Israel Dan Kurtzer. Bloomberg Politics Contributor Rick Davis and Third Way Executive Vice President for Public Affairs Matt Bennett. Former Republican Congressman and Bloomberg Contributor Patrick McHenry. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.President Donald Trump said he would hold another meeting Wednesday to discuss the conflict in the Middle East but remained coy about whether the US plans to join Israel’s offensive aimed at destroying Iran’s nuclear enrichment program. Trump told reporters he would meet his advisers in the White House Situation Room and again chastised Tehran for being “late” to negotiate with him, but said he had not made a final decision on whether to launch strikes. “I have ideas as to what to do,” the president told reporters in the Oval Office. “I like to make the final decision one second before it’s due because things change, especially with war.” Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe speaks with: Bloomberg White House Correspondent Kate Sullivan. Lexington Institute Vice President Rebecca Grant. Republican Congressman Mike Lawler of New York. Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.Israel and the US are ratcheting up pressure on Iran, sparking fresh speculation that Washington could be preparing to join in the attack launched by its closest Middle East ally.President Donald Trump said he wants a permanent end to Iran’s path to a nuclear weapon, after an early departure from the Group of Seven leaders meeting in Canada spurred questions about whether the US seeks to end the conflict or escalate it. “We know exactly where the so-called “Supreme Leader” is hiding. He is an easy target, but is safe there - We are not going to take him out (kill!), at least not for now,” Trump said in a Truth Social post Tuesday. But he said that “our patience is wearing thin” and moments later sent another two-word post: “UNCONDITIONAL SURRENDER!”Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe speaks with: Bloomberg's Tyler Kendall and David Gura. Executive Director of the University of South Florida's Global and National Security Institute and Former United States Central Command Commander Ret. Gen. Frank McKenzie. Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino. Bloomberg International Economics and Policy Correspondent Michael McKee.  See omnystudio.com/listener for privacy information.