Balance of Power

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.President Donald Trump suggested another delay to his higher so-called “reciprocal” tariffs was unlikely, raising pressure on nations to negotiate trade deals with his administration.Asked about the possibility of granting another 90-day pause, Trump cast that scenario as “unlikely,” while speaking to reporters aboard Air Force One on Friday. Trump also said that he would not drop tariffs on China, the world’s second largest economy, unless Beijing offers “something substantial” in return. Trump said he believed financial markets were adjusting to his tariff policy, downplaying the volatility that has hit equity and bond markets this month after he announced plans to hit about 60 US trading partners with higher duties.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's Tyler Kendall. Abroath Group Managing Director Christopher Smart. Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino. Bloomberg's Romaine Bostick. Former US Diplomat Mara Rudman See omnystudio.com/listener for privacy information.

Balance of Power: Trump Urges Putin to Stop Ukraine Strikes (Podcast) The US will demand that Russia accept Ukraine’s right to develop its own, adequately equipped, army and defense industry as part of a peace agreement, according to people familiar with the matter, pushing back on Russia’s insistence that the country largely demilitarize as a condition to end the war.US envoy Steve Witkoff will travel to Russia to raise the issue with President Vladimir Putin, according to the people, who spoke on condition of anonymity to discuss private negotiations. It’s a signal that President Donald Trump’s administration is seeking some concessions from the Kremlin, as well as Ukraine, as it tries to end a war that’s now into its fourth year. Critics have thus far viewed the US proposals as tilted toward Russia, including the Trump administration’s insistence that Ukraine give up its aspirations to join the NATO military alliance. 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: Director of the Futures Lab and Senior Fellow with the Defense and Security Department at the Center of Strategic and International Studies Ben Jensen. Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino. Operation Hope Inc. Chairman, CEO and Founder John Hope Bryant. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.Confronted with fresh warnings from financial markets, business leaders and top advisers, President Donald Trump this week eased off on two of his frequent punching bags: Jerome Powell and China. Trump entered office with a steadfast desire to reshape the global economy. But his resolve has appeared to waver in the face of turmoil in equities and bonds and pleas from powerful executives who fear his sweeping tariffs and interference with the Federal Reserve could set off an economic calamity.Trump on Tuesday said he had no intention to fire Powell — despite days of criticism over the central bank’s policies — and said he believed a deal with Beijing would significantly reduce the sweeping tariffs he’s posted on Chinese goods. After a report that the US would be willing to phase in lighter tariffs on Beijing over five years on Wednesday, Trump told reporters that China was “going to do fine” once talks had settled.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 Politics Contributors Rick Davis and Jeanne Sheehan Zaino. Atlantic Council Nonresident Senior Fellow Melinda Haring. Bloomberg Technology Co-Host Ed Ludlow. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.US Treasury Secretary Scott Bessent told a closed-door investor summit Tuesday that the tariff standoff with China cannot be sustained by both sides and that the world’s two largest economies will have to find ways to de-escalate.That de-escalation will come in the very near future, Bessent said during an event hosted by JPMorgan Chase & Co. in Washington, which wasn’t open to the public or media. He characterized the current situation as essentially a trade embargo, according to people who attended the session.Bessent said that it was not the US’s goal to decouple from China and that the current status quo of 145% tariffs on Chinese goods by the US and 125% tariffs on US products by China was not sustainable. He expressed optimism that tensions could cool in the coming months, which would bring relief to markets, but cautioned that a larger deal could take longer.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 White House Correspondent Kate Sullivan. Bloomberg Politics Contributor Rick Davis and ROKK Solutions Partner Kristen Hawn. Bloomberg International Economics and Policy Correspondent Michael McKee. EIU Chief Economist Constance Hunter. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF. President Donald Trump warned the US economy may slow if the Federal Reserve does not move to immediately reduce interest rates, in his latest broadside against Fed Chair Jerome Powell.Trump said in a social media post Monday that “there is virtually No Inflation,” pointing to lower energy and food prices.“But there can be a SLOWING of the economy unless Mr. Too Late, a major loser, lowers interest rates, NOW,” Trump said, referring to Powell.Economists widely expect Trump’s tariffs to boost inflation and slow growth, even if just temporarily. While inflation has cooled notably in recent years, it remains elevated. Powell, along with several of his colleagues, has underscored the central bank must ensure new levies don’t lead to a more persistent bout of inflation.Trump has rattled Wall Street by repeatedly criticizing Powell and suggesting he had the ability to remove the Fed Chair before the end of his term. US equities sank on Monday as traders weighed the chances Powell gets axed, with the S&P 500 Index falling more than 3%.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's Tyler Kendall. Bloomberg Intelligence Chief Equity Strategist Gina Martin Adams. Republican Congresswoman Nicole Malliotakis of New York. Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino. Bloomberg's Tony Capaccio. Beacon Global Strategies Managing Director Michael Allen. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.President Donald Trump said during a meeting with Italian Prime Minister Giorgia Meloni that he expects to reach a trade deal with the European Union, but indicated he is in no hurry to finalize an agreement to reduce tariffs.“There’ll be a trade deal,” Trump said Thursday, adding “I fully expect it, but it’ll be a fair deal.”The president offered no time line for when he expected the first of the agreements to be finalized with trading partners seeking to avoid high tariffs, saying only that they would happen “at a certain point” and insisting that other nations would need to make concessions.“We’re in no rush,” Trump added. “We are going to have very little problem making a deal with Europe or anyone else.”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's Michael McKee and Tyler Kendall. Bloomberg Politics Contributor Rick Davis and Democratic Strategist Caitlin Legacki. Atlantic Council Nonresident Senior Fellow Rachel Rizzo. Editor of NASAWatch.com and Astrobiology.com, former-Scientist with NASA Keith Cowing. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.US President Donald Trump said he’ll attend a meeting Wednesday with Japan to negotiate tariffs, American military support and “trade fairness.”“Hopefully something can be worked out which is good (GREAT!) for Japan and the USA!” Trump wrote in a post on Truth Social.The Treasury and Commerce departments are leading the discussions in Washington.Treasury Secretary Scott Bessent has said Japan is likely to be prioritized because it stepped forward quickly. He envisions reaching agreements with Japan and other military allies so they could come up with a collective effort to apply economic pressure on China.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's Ed Ludlow and Tyler Kendall. Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino. Bloomberg's Nancy Cook. Immigration Attorney and Chair of the Immigration Practice Group at UB Greensfelder David Leopold. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.The European Union and US made scant progress bridging trade differences this week as officials from President Donald Trump’s administration indicated that the bulk of the US tariffs imposed on the bloc will not be removed.The EU’s trade chief, Maros Sefcovic, left the meeting with little clarity on the US stance, struggling to determine the American side’s aims, according to people familiar with the discussions. He met for about two hours with US Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer in Washington Monday. The US officials indicated that the 20% “reciprocal” tariffs — which have been reduced to 10% for 90 days — as well as other tariffs targeting sectors including cars and metals would not be removed outright, said the people, who spoke on the 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, Joe and Kailey speak with: Bloomberg's Tyler Kendall. Vice President of Federal Tax Policy at the Tax Foundation Erica York. Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino. Chief Investment Officer for US Bank Asset Management Eric Freedman. 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 is exploring possible temporary exemptions to his tariffs on imported vehicles and parts to give auto companies more time to set up US manufacturing.“I’m looking at something to help car companies with it,” Trump told reporters Monday in the Oval Office. “They’re switching to parts that were made in Canada, Mexico and other places, and they need a little bit of time, because they’re going to make them here.”The president was asked what short-lived product exclusions he was considering but did not specify how long a potential pause or lowering of auto levies would remain in place.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 speaks with: Bloomberg's Tyler Kendall. Bloomberg's Ed Ludlow. Franklin Templeton Investments Global Equity Portfolio Manager Katrina Dudley. Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino. Bloomberg Intelligence Senior Commodities Strategist Mike McGlone. Beacon Global Strategies Managing Director Michael Allen. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.President Donald Trump has floated talks with his Chinese counterpart more than half a dozen times since the trade war started. But prospects look remote, even as their tariff fight appears to have peaked.Inflicting trade pain is unlikely to bring President Xi Jinping to the negotiating table. Instead, Chinese authorities seem intent on proving that they can withstand more economic and political suffering than their archrival.On Friday, Beijing hiked tariffs on all US goods to 125%, mirroring a move by the White House that pushed duties on Chinese imports to the same level, on top of an existing 20% tax. China said it won’t match any further hikes, calling the repeated use of steep tariffs economically meaningless, but reiterated its vow to “fight to the end” with other, unspecified countermeasures.“The fact that the Chinese authorities have once again matched US tariff hikes suggests that they are in no rush to negotiate with the Trump administration,” said Julian Evans-Pritchard, head of China economics at Capital Economics.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 David Gura is in for Joe. Kailey and David speak with: Bloomberg's Jordan Fabian. Arbroath Group Managing Partner Christopher Smart. Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino. Chief Economist for SMBC Nikko Securities America Joe Lavorgna. Nonresident Senior Fellow with the Atlantic Council Global Energy Center Ellen Wald. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.Economic angst enveloped every corner of Wall Street as US-China trade tensions escalate, sparking a plunge in stocks, the dollar and oil, with liquidations in US assets pointing to disorder in the financial system.A day after the biggest stock-buying wave in years, assets tied to the economic cycle are sinking again, with President Donald Trump’s mollifying message on trade talks providing little relief. Investors are rushing to game out how the effective freezing of Chinese trade will impact corporate earnings and growth. The S&P 500 pared its drop to about 3%. The greenback was set for its worst day since 2022. After a brief respite on a solid $22 billion bond sale, longer-dated Treasuries turned volatile again.Market euphoria flipped back to unease despite Trump’s signals that he’s close to a first deal on tariffs — without naming the country. Concern grew that an escalation of the trade war between the two biggest economies will bring lasting damage to global growth after the White House said US tariffs on China rose to 145%. 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 David Gura is in for Joe. Kailey and David speak with: Bloomberg's Shawn Donnan. Pangaea Policy Founder Shawn Donnan. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.President Donald Trump announced a 90-day pause on higher reciprocal tariffs that hit dozens of trade partners after midnight, while raising duties on China to 125%. The president’s about-face comes roughly 13 hours after higher reciprocal duties on 56 nations and the European Union took effect, fueling market turmoil and stoking recession fears. Trump came under massive pressure from business leaders and investors to reverse course. “I have authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately,” Trump posted Wednesday on social media. 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 Politics Contributors Rick Davis and Jeanne Sheehan Zaino. Bloomberg's Scarlet Fu. Bloomberg's Joe Weisenthal.  See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.US President Donald Trump spent the final hours before his tariffs were set for full implementation lining up negotiations with key US allies, but his insistence on pushing forward with sweeping 104% tariffs on many Chinese goods dimmed optimism that a brutal trade war would be avoided.Trump and top administration officials on Tuesday signaled the US was open to dealmaking that could reduce or eliminate higher tariffs on dozens of nations as Asian and European leaders announced plans for talks with the White House. Still, Trump is pushing ahead with higher duties on roughly 60 trading partners that he dubbed the “worst offenders” are set to take effect after midnight New York time. And the White House said Trump is proceeding with tariffs that would amount to 104% on many Chinese goods. That package includes previous levies applied because of the fentanyl crisis, his reciprocal tariffs, as well as an additional retaliation Trump announced after Beijing said it would tax US exports to China.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 Chief Economist Tom Orlik. Republican Congressman Pat Fallon of Texas. Bloomberg Politics Contributor Rick Davis and ROKK Solutions Partner Kristen Hawn. Wiley Rein Partner Greta Peisch. 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 wasn’t considering a pause on his plan to implement sweeping additional tariffs on dozens of countries despite outreach from trading partners to eager to avoid the levies, while still signaling he could be open to some negotiations.“We’re not looking at that,” Trump said on Monday while meeting with Israeli Prime Minister Benjamin Netanyahu in the Oval Office.Trump said tariffs were “very important” to his economic agenda — and would generally remain — while opening the door to “fair deal and good deals with every country.” “There can be permanent tariffs and there can also be negotiations because there are things that we need beyond tariffs,” he added.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 News Correspondent Tyler Kendall. Bloomberg Equities Reporter Ryan Vlastelica. Republican Congressman Frank Lucas of Oklahoma. Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino. Professor of Public Policy and Economics at the University of Michigan and Former Member of the White House Council of Economic Advisers Betsey Stevenson. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.Chief White House economist Stephen Miran dismissed the deepening fears of a recession on Wall Street, saying that President Donald Trump’s plans for deregulation and tax cuts will more than offset any hit from tariff hikes.“The president acted with historic scope and speed to address what was a decades-long festering problem that had been eroding our competitiveness and eroding our prosperity and eroding our economy,” Miran said in an interview with Bloomberg Television Friday. “So of course there’s going to be some market volatility on the back of that.”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: Chair of the White House Council of Economic Advisers Stephen Miran. Bloomberg's Romaine Bostick. Republican Congressman French Hill of Arkansas, Chair of the House Financial Services Committee. Democratic Congressman Glenn Ivey of Maryland and IonQ CEO Niccolo De Masi. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF. President Donald Trump imposed the steepest American tariffs in a century as he steps up his campaign to reshape the global economy, sparking threats of retaliation and a selloff in markets around the world.Trump announced Wednesday he will apply at least a 10% tariff on all exporters to the US, with even higher duties on some 60 nations, to counter large trade imbalances with the US. That includes some of the country’s biggest trading partners, such as China — which now faces a tariff of well above 50% on many goods — as well as the European Union, Japan and Vietnam.“For years, hard-working American citizens were forced to sit on the sidelines as other nations got rich and powerful, much of it at our expense,” Trump said during an event in the White House Rose Garden to unveil the so-called reciprocal tariffs. “Now it’s our turn to prosper.”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. Port City Brewing Company Founder Bill Butcher. Former Republican Senator Pat Toomey of Pennsylvania. Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino. Founder of Ashton Analytics and Specialist in US-China Trade and Economics Anna Ashton. See omnystudio.com/listener for privacy information.

This is a special edition of the Bloomberg Daybreak: US Edition podcast.     Subscribe to the show:     on Apple: http://bit.ly/3DWYoAN     on Spotify: http://bit.ly/3jGRYiB     Anywhere: http://bit.ly/3J1bct9On today's episode:     President Donald Trump imposed the steepest American tariffs in a century as he steps up his campaign to reshape the global economy, sparking threats of retaliation and a selloff in markets around the world.Trump announced Wednesday he will apply at least a 10% tariff on all exporters to the US, with even higher duties on some 60 nations, to counter large trade imbalances with the US. That includes some of the country’s biggest trading partners, such as China — which now faces a tariff of well above 50% on many goods — as well as the European Union, Japan and Vietnam.“For years, hard-working American citizens were forced to sit on the sidelines as other nations got rich and powerful, much of it at our expense,” Trump said during an event in the White House Rose Garden to unveil the so-called reciprocal tariffs. “Now it’s our turn to prosper.”The move marks a dramatic escalation in Trump’s trade war, one that risks triggering retaliation from other countries and upends calculations for businesses and consumers at home. China and the EU, America’s largest trading partner, both said they were preparing to take countermeasures in response.The US president has embraced tariffs as a tool to assert US power, revive manufacturing at home and exact geopolitical concessions — counter to the decades-old consensus that lower trade barriers help to foster ties among nations and prevent conflicts. Economists say the near-term result of his measures will likely be higher US prices and slower growth — or perhaps even a recession.Global financial markets were hit by a sweeping selloff after Trump’s announcement, with US equity futures slumping as much as 4%.Gold hit an all-time high and the traditional haven Japanese yen soared, while China maintained its daily support of the yuan. Ten-year Treasury yields fell toward the closely-watched 4% level, their lowest since October.Read More: Fear Grips Markets as Trump Tariffs Raise Risks to Global GrowthLess than three months after returning to the White House, Trump has already erected trade barriers that are bigger by some measures than those imposed in the notoriously protectionist 1930s. Bloomberg Economics calculates that the effective tax rate the US now charges on more than $3 trillion of imported goods may climb to around 23% — higher than any point in more than a century.A statement published Wednesday by the United States Trade Representative explained the Trump administration calculated its raft of new tariffs primarily based on existing trade balances. Countries running a trade surplus with the US faced a flat 10% rate regardless, as did nations where trade was roughly even.There’s a small difference in the tariff rates first announced by Trump and more than a dozen of those listed in the annex that accompanied the White House executive order. For countries like South Korea, Myanmar, Pakistan and India, the rates in the annex are about 1 percentage point higher than the initial announcement.The 10% baseline charge on everyone takes effect after midnight Saturday. The higher duties on targeted countries — which replace, rather than add on top of the 10% rate — are due to kick in on April 9, the White House said.Read More: List of Reciprocal Tariffs by CountryFor now, the new measures don’t include Canada and Mexico, which are embroiled in a separate on-and-off tariff dispute with the US. They also won’t apply to some products that are subject to separate duties tied to so-called Sec. 232 investigations such as autos, semiconductors and lumber.The reciprocal tariffs were “much worse than we feared,” said Mary Lovely, a senior fellow at the Peterson Institute for International Economics. There’ll be “huge implications for rerouting of trade,” she said.The president, who’s sought to frame his trade plans as a boost for his blue-collar voters, was joined in the Rose Garden by union members and workers from various industries — including a retired autoworker who spoke on stage. Later, Trump brandished large boards during his 48-minute address to display each nation’s new rate.See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.Elon Musk’s candidate faced a resounding loss in a Wisconsin judicial race despite the world’s richest man pouring millions into the campaign, while Republicans avoided upsets in two critical US House seats in Donald Trump’s home state of Florida.The votes were the first major elections since Trump took office in January, a chance for a gut-check from the electorate on the president’s sweeping effort to slash the size of government and, through tariffs and the promise of more tax cuts to come, remake the US economy. Taken together, Tuesday’s special election outcomes came to a draw. Republicans couldn’t break the 4-3 liberal majority on the Wisconsin Supreme Court, while Democrats fell short in their longshot bids to win either of two heavily Republican House seats, which would’ve complicated the GOP’s efforts to advance Trump’s tax cut plan through Congress.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: Host of Bloomberg Law on Bloomberg Radio June Grasso. Marquette University Professor of Political Science Julia Azari. Bloomberg Politics Contributor Jeanne Sheehan Zaino and Republican Strategist Maura Gillespie. Bloomberg Senior Editor for Technology and Strategic Industries Michael Shepard. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.President Donald Trump’s sweeping tariffs will take immediate effect after they are announced Wednesday, his top spokeswoman said. “My understanding is that the tariff announcement will come tomorrow. They will be effective immediately, and the president has been teasing this for quite some time,” White House Press Secretary Karoline Leavitt told reporters on Tuesday.  The US president said Monday he had “settled” on a plan for so-called “reciprocal” duties meant to rebalance US trade relationships. Leavitt said that Trump, who has been known to change his mind on major policy announcements, was meeting Tuesday afternoon with his trade team to discuss the details.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 Politics Editor Laura Davison ahead of President Donald Trump's tariff announcement Wednesday. Managing Director of Policy and Advocacy at the Groundwork Collaborative Liz Pancotti about the possible economic impact of tariffs. Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino about elections in Wisconsin and Florida Tuesday. Constitutional lawyer Robert McWhirter as House Judiciary Chair Jim Jordan calls on appropriators to add language in legislation funding the federal judiciary limiting nationwide injunctions issued by district court judges. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF. President Donald Trump will announce his reciprocal tariff push on Wednesday during an event in the White House Rose Garden, his top spokeswoman said. White House Press Secretary Karoline Leavitt said Monday the announcement would feature “country-based” tariffs. She said the president is also “committed to implementing” sectoral duties but that they were not the focus of the April 2 event and deferred to Trump about the timing of those. Members of Trump’s Cabinet would attend the announcement, Leavitt said.“The president will be announcing a tariff plan that will roll back the unfair trade practices that have been ripping off our country for decades,” Leavitt told reporters at the White House. “It’s time for reciprocity and it’s time for a president to take historic change to do what’s right for the American people.”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 National Political Correspondent Nancy Cook to preview the week ahead for the Trump Administration. Founder and Managing Partner of International Capital Strategies Doug Rediker about the uncertainty as the world awaits US tariff implementation. Bloomberg Politics Contributor Rick Davis and former Democratic Congresswoman Stephanie Murphy as White House Press Secretary Karoline Leavitt confirms an April 2 Rose Garden tariff announcement by President Donald Trump. Bloomberg Senior Editor Michael Regan as markets react to the latest tariff news. Vice President of Federal Tax Policy at the Tax Foundation Erica York about tax and budget negotiations on Capitol Hill. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.Consumer spending was weaker than expected again in February while a key inflation metric picked up, in a double whammy for the economy before the brunt of tariffs.Inflation-adjusted consumer spending edged up 0.1%, on the low end of economists’ estimates, after a slump January that analysts mostly blamed on bad weather. Notably in February, Americans reduced spending on services for the first time in three years in the face of higher prices — including on dining out.“Consumers are resistant to price increases,” Neil Dutta, head of US economics at Renaissance Macro, said in a note. “Ultimately, inflation boils down to a household’s budget constraint and conditions are deteriorating here.”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: Stuart Paul and Anna Wong of Bloomberg Economics about the latest US inflation data. Former Chief Economist at the National Economic Council Joe Lavorgna ahead of the April 2nd tariff deadline from the Trump Administration. Nonresident Senior Fellow at the Atlantic Council's Europe Center Rachel Rizzo as Vice President JD Vance visits Greenland. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.President Donald Trump signed an order to slap a 25% tariff on auto imports, expanding his trade war designed to bring more manufacturing jobs to the US.Trump said the tariffs would go into effect on April 2. The administration projects that the tariffs would result in $100 billion of new annual revenue to the US. Wednesday’s move comes before a broader announcement of reciprocal tariffs expected April 2.“What we’re going to be doing is a 25% tariff on all cars that are not made in the United States,” Trump said at the White House on Wednesday. “We’re going to charge countries for doing business in our country and taking our jobs, taking our wealth, taking a lot of things that they’ve been taking over the years.”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 Detroit Bureau Chief David Welch about the Trump Administration's planned tariffs on auto imports. Former Chair of the White House Council of Economic Advisers Jared Bernstein about the impact of tariffs on the US economy. Bloomberg Politics Contributor Jeanne Sheehan Zaino and Republican Strategist Chapin Fay about the immigration policies of the Trump Administration. Bloomberg News SEC and CFTC Reporter Lydia Beyoud as Trump's SEC pick undergoes his confirmation hearing on Capitol Hill. Former Republican Congressman and Former Air Force Intelligence Officer Denver Riggleman about the continued fallout from the Signal group chat. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.President Donald Trump and top allies struggled to fend off criticism over the inadvertent inclusion of a journalist in a Signal chat discussing military attacks in Yemen, after newly disclosed texts showed how Defense Secretary Pete Hegseth revealed specific operational details.Trump and senior administration officials on Wednesday ratcheted up criticism of Atlantic editor Jeffrey Goldberg — who National Security Advisor Mike Waltz mistakingly added to the chat — and maintained that specific timing of planned strikes, US weapons systems and targets contained in text messages did not amount to “war plans” or classified information.“It had no impact on the attack, which was very successful,” Trump said during an appearance on a conservative talk radio show.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 Politics Editor Laura Davison about the latest developments from the Trump Administration. American Action Forum President and former Congressional Budget Office Director Douglas Holtz-Eakin as the CBO announces that the federal government could run out of enough money to pay all of its bills on time as soon as August if lawmakers fail to raise or suspend the debt limit. Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino about the latest tariffs announcement from Trump. Ritholtz Wealth Management Founder Barry Ritholtz about his new book "How Not To Invest." Bloomberg Pentagon Reporter Tony Capaccio as The Atlantic released the transcript of a group chat between top US officials on Signal. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.Bridgewater Associates founder Ray Dalio warned House Republicans of the dangers of rising US deficits and urged them to cut the budget deficit to just 3% of gross domestic product or risk debt service costs squeezing government spending.  Dalio’s message of austerity comes as House and Senate Republicans battle over the size of spending cuts to be paired with a giant tax cut coming later this year. The US budget deficit was 6.6% of GDP in 2024, according to the Congressional Budget Office. 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 Capitol Influence Team Lead Megan Scully. Republican Congressman Marlin Stutzman of Indiana. Bloomberg Politics Contributor Rick Davis and Democratic Strategist Roger Fisk. Professor at the University of Virginia's Miller Center and 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.Congressional Republicans returning to Washington on Monday will tackle their toughest test yet, negotiating a massive tax bill package to deliver President Donald Trump a signature legislative victory.Efforts to renew Trump’s landmark 2017 tax cuts and secure additional reductions he’s promised were temporarily sidelined while lawmakers worked to narrowly avert a government shutdown earlier this month.Treasury Secretary Scott Bessent and Trump’s National Economic Council director, Kevin Hassett are set to meet Tuesday with House and Senate Republican leaders and their top tax writers to try to resolve differences over the scale of cuts and ways of paying for them, according to two people familiar with 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: Republican Congressman Bill Huizenga of Michigan as lawmakers return to Washington to kickoff reconciliation negotiations. Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino as President Donald Trump holds a cabinet meeting Monday at the White House. Bloomberg's Saleha Mohsin interviews Chair of the White House Council of Economic Advisers Stephen Miran about the Trump economic agenda. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.Boeing Co. won a contract to design and build the US’s next-generation stealth fighter jet, beating out rival Lockheed Martin Corp. for the multibillion dollar program aimed at preparing the military for possible conflict with China.The new sixth-generation fighter jet, whose overall cost is expected to run in the hundreds of billions of dollars, “will ensure that the USA continues to dominate the skies,” President Donald Trump said in an unveiling at the White House. Trump, the 47th president, said with a smile that it will be dubbed the F-47.The award caps more than two years of competition between the defense giants for the full-scale development phase of the Next Generation Air Dominance manned fighter, or NGAD. The jet, which will replace the F-22 Raptor, is envisioned to operate in tandem with drones, which are being developed in a separate program.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 Julie Fine speak with: Former RNC Communications Director Lisa Camooso Miller. Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino. Bloomberg White House Correspondent Josh Wingrove. American Enterprise Institute Senior Fellow Mackenzie Eaglen. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.President Donald Trump is expected to sign an executive action formally asking officials to take steps to largely dismantle the Department of Education, his latest effort to reduce the size of the federal government and its workforce.Trump is slated to sign the order on Thursday, according to people familiar with the plans who spoke on condition of anonymity to discuss them. The order directs the secretary of education to take steps to close the department and “return education authority to the States,” according to a White House fact sheet on the order.It also mandates that programs and activities receiving any remaining department funds not be used to advance diversity, equity and inclusion efforts. 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 Julie Fine speak with: Bloomberg's Tyler Kendall. Former Acting White House Chief of Staff Mick Mulvaney. Senior advisor at Razom for Ukraine Melinda Haring. Bloomberg Senior Editor for Technology and Strategic Industries Michael Shepard.  See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.Ukrainian President Volodymyr Zelenskiy agreed to a proposal to halt strikes on energy assets as an initial step in President Donald Trump’s effort to end the war that began with Russia’s full-scale invasion three years ago. “One of the first steps toward fully ending the war could be ending strikes on energy and other civilian infrastructure,” Zelenskiy said in a statement on X after a call with Trump on Wednesday. “I supported this step, and Ukraine confirmed that we are ready to implement it.”Trump, who had stormy exchanges earlier with Zelenskiy, described their call as “very good,” and top US officials called it “fantastic.” Trump, who at one point cut off weapons shipments and intelligence-sharing with Ukraine promised fresh support, according to a statement on the call from Secretary of State Marco Rubio and National Security Advisor Mike Waltz.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: Global Situation Room President and CEO Brett Bruen as President Donald Trump and Ukrainian President Volodymyr Zelenskiy spoke on the phone Wednesday morning. Lexington Institute Vice President of Defense Programs Rebecca Grant as Zelenskiy agreed to halt strikes on energy assets as an initial step to end the war with Russia. Bluestack Strategies Founder and Republican Strategist Maura Gillespie and Democratic Strategist Roger Fisk about the future of Democratic leadership in the Senate. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.Vladimir Putin committed in a phone call with Donald Trump to limit Russian attacks on Ukrainian energy infrastructure for 30 days but declined to accept the broader ceasefire that the US sought.The Russian and US presidents agreed that the two sides would begin negotiations on a maritime ceasefire in the Black Sea as well as a “full ceasefire and permanent peace,” the White House said in a statement after the call ended. Those talks will begin “immediately” in the Middle East, the White House said, without saying who would lead the negotiations.The Kremlin’s account of the call said Putin imposed several conditions for a lasting ceasefire, including the suspension of arms and intelligence support for Ukraine. Ukraine must also stop mobilizing new recruits, it said. 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 Politics Contributor Jeanne Sheehan Zaino and Republican Strategist Ashley Davis as US President Donald Trump and Russian President Vladimir Putin conclude their phone call Tuesday. Bloomberg News Correspondent Tyler Kendall from the White House as the US says work for a ceasefire between Russia and Ukraine will begin immediately. Bloomberg News National Security Reporter Dan Flatley as Putin agrees to limit attacks on Ukraine. Former Commanding General for US Army Europe Ben Hodges about the European reaction to talks between Trump and Putin. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.President Donald Trump’s administration is being accused of defying the judiciary after swiftly deporting hundreds of alleged Venezuelan gang members in an assertion of sweeping power to pursue hard-line immigration policies.Two groups suing the administration alleged in a court filing Monday that the government may have violated a federal judge’s order halting the expulsions. That judge set a hearing for Monday afternoon, when he ordered government lawyers to provide answers.The Justice Department filed a defiant response Monday afternoon, saying it was abiding by the order from US District Judge James Boasberg. The government called on Boasberg to cancel the hearing, saying it “is not prepared to disclose any further national security or operational security details to plaintiffs or the public.” Boasberg quickly denied the cancellation request.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 Politics Contributor Jeanne Sheehan Zaino and Republican Strategist Jon Seaton as President Donald Trump’s administration is being accused of defying the judiciary after deporting hundreds of alleged Venezuelan gang members. Constitutional lawyer Robert McWhirter about the latest legal questions from actions taken by the Trump administration. Director of the Wadhwani AI Center at the Center for Strategic and International Studies Gregory C. Allen about his latest research on Huawei, DeepSeek and US export controls. Center Forward CEO Cori Kramer about their new Voter Research Journal. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.Senate Democratic leader Chuck Schumer had two choices as the clock ticked down to the government funding deadline: drop his threat to block the Republican bill or force a disruptive March 15 shutdown. The New York lawmaker ultimately opted for the path of least resistance Thursday after a day of contentious meetings among minority Democrats, who had hoped to use their limited leverage on a spending package to include some restraints on Elon Musk’s DOGE’s cost-cutting crusade.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 Government Congress Reporter Jack Fitzpatrick as the Senate readies a vote on a stopgap spending deal to avoid a government shutdown. Republican Congresswoman Nicole Malliotakis of New York about the work in the upper chamber and negotiations with the Senate on a new tax bill. Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino as Senator Chuck Schumer says he will now vote in favorite of the Republican-backed continuing resolution. Former US Ambassador to NATO Kay Bailey Hutchison about the push for a ceasefire between Ukraine and Russia. Democratic Strategist Kevin Walling and Republican Strategist Alex Stroman about the state of both political parties and finding common ground across the aisle. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.President Donald Trump threatened to impose a 200% tariff on wine, champagne and other alcoholic beverages from France and elsewhere in the European Union, the latest escalation in the brewing transatlantic trade war. In a social media post today, Trump said he would move forward with the import duties if Brussels follows through with a tax on American whiskey exports.  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 Geoeconomics Analyst Jennifer Welch as NATO Secretary General Mark Rutte and President Donald Trump meet in the Oval Office. Chief Policy and Strategy Officer at the DC Fiscal Policy Institute Tazra Mitchell about the impact of the budget passed in the House of Representatives on the city. Bloomberg Politics Contributor Jeanne Sheehan Zaino and BGR Group's Lester Munson after Senate Democratic leader Chuck Schumer said his party will not support the GOP's plan to avert a government shutdown. Bloomberg's Saleha Mohsin interviews former US Treasury Secretary Steven Mnuchin about the state of the US economy, Trump's tariff policy and DOGE's actions at the Department of the Treasury. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.Cooler-than-forecast February inflation pushed stocks higher after two days of heavy losses. A kneejerk rally in bonds quickly reversed and yields rose across the curve amid concerns over an escalating trade war.Equities advanced after a selloff that put the S&P 500 on the verge of a technical correction. The bounce was led by tech megacaps, which got heavily hit during the recent market meltdown. While the surprise slowdown in consumer prices brought relief to traders, several voices on Wall Street saw the data as the “calm before the storm” given all the uncertainties around the potential impacts of tariffs on the economy.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: Co-Host of the Bloomberg "Odd Lots" Podcast Joe Weisenthal about the latest US inflation data and the state of markets following a volatile start to the week. Senior Vice President at Boundary Stone Partners Emily Domenech about the latest developments from negotiations between the US, Ukraine and Russia over a ceasefire. Former Supreme Allied Commander for Europe Gen. Wesley Clark (Ret.) as President Donald Trump told reporters in the Oval Office Wednesday that he hoped it wouldn’t be necessary to pressure Russian President Vladimir Putin into accepting a ceasefire deal with Ukraine.  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 was reevaluating plans to double steel and aluminum tariffs on Canada to 50% after Ontario announced it would suspend a 25% surcharge on electricity sent to the US.“I’m looking at that, but probably so,” Trump told reporters Tuesday when asked if the de-escalation would lead him to back down on his tariff threat. “I’ll let you know about it.”Trump’s comments appeared to calm a brief but dramatic volley in the widening trade war between the US and Canada that has rocked markets and hung a cloud of uncertainty across major North American industries.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 Politics Editor Laura Davison as President Donald Trump prepares to speak to the Business Roundtable Tuesday night. Managing Director and Chief Economist for SMBC Nikko Securities America and former Chief Economist at the National Economic Council under Donald Trump Joe Lavorgna as angst grows on Wall Street over Trump's tariff plans. Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino as Congress looks to avert a government shutdown at the end of the week. Bloomberg Senior Editor Michael Regan as the S&P 500 Index’s three-week selloff briefly reached 10% before a late rally pared much of the drop. Distinguished Professor at the University of Virginia's Miller Center Mara Rudman as US and Ukrainian officials meet in Saudi Arabia. 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 economy faces “a period of transition,” deflecting concerns about the risks of a slowdown as his early focus on tariffs and federal job cuts causes market turmoil.Asked on Fox News’ Sunday Morning Futures whether he’s expecting a recession this year, Trump said, “I hate to predict things like that. There is a period of transition, because what we’re doing is very big.”While declining to address the question, Trump’s response broadly aligns with his speech to Congress last week and a flurry of recent comments from top administration officials, including Treasury Secretary Scott Bessent. At the core of the Trump team’s argument is the prospect of tax cuts and tariff revenue down the road that officials contend will spur the economy.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 Politics Contributor Rick Davis and Jeanne Sheehan Zaino following President Donald Trump's comments Sunday that the US economy faces a transition. Republican Congressman Chuck Fleischmann of Tennessee as House Speaker Mike Johnson unveils a stopgap spending plan to avoid a government shutdown. Bloomberg News Canada Government Reporter Brian Platt about the next Prime Minister of Canada. Democratic Congressman Don Beyer of Virginia on the bill he introduced to restore tariff authority to Congress. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.US job growth steadied last month while the unemployment rate rose — a mixed snapshot of a job market hanging in the balance of quickly changing government policy.Nonfarm payrolls increased 151,000 in February after a downward revision to the prior month, according to a Bureau of Labor Statistics report out Friday. The unemployment rate rose to 4.1%.Friday’s report is the latest evidence that the labor market is softening, with more people permanently out of work, fewer workers on federal government payrolls and a jump in those working part-time for economic reasons. The number of Americans holding multiple jobs climbed to a record of nearly 8.9 million.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 following Federal Reserve Chairman Jerome Powell's speech at the Chicago Booth's 2025 US Monetary Policy Forum. Senior Strategic Advisor and Senior Fellow at the Groundwork Collaborative Kitty Richards about the latest US jobs data. Blockchain Association CEO Kristin Smith about the crypto summit being held at the White House Friday. Bipartisan Policy Center President and CEO and former US Education Secretary Margaret Spellings about President Donald Trump's plans for the Education Department. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.The US trade deficit widened to a record in January as companies scrambled to secure goods from overseas before President Donald Trump imposed tariffs on America’s largest trading partners.The gap in goods and services trade widened 34% from the prior month to $131.4 billion, Commerce Department data showed Thursday. The deficit was larger than all but one estimate in a Bloomberg survey of economists.The value of imports rose 10% to a record $401.2 billion, while exports increased 1.2%. The figures aren’t adjusted for inflation.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 about the latest US trade data. Republican Congressman Ryan Mackenzie of Pennsylvania about the possible impacts of tariffs on his district. Republican Strategist Jon Seaton and Democratic Strategist Brad Howard about the latest DOGE actions. Bloomberg Stock Market Reporter Norah Mulinda as volatility rises in the stock market. Bloomberg Intelligence Senior US Policy Analyst Nathan Dean as President Donald Trump delays tariffs on Canada and Mexico for goods covered by USMCA. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.President Donald Trump is exempting automakers from newly imposed tariffs on Mexico and Canada for one month, the White House said Wednesday, as a temporary reprieve following pleas from industry leaders.“We are going to give a one-month exemption on any autos coming through USMCA,” White House Press Secretary Karoline Leavitt said, referring to the trade deal Trump negotiated with Canada and Mexico in his first term. “Reciprocal tariffs will still go into effect on April, 2, but at the request of the companies associated with USMCA, the president is giving them an exemption for one month so they are not at an economic disadvantage.”Administration officials had met Tuesday to discuss the matter with the heads of Ford Motor Co., General Motors Co. and Stellantis NV, according to people familiar with the matter, who weren’t authorized to share the details publicly. 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: S-3 Group Partner and Republican Strategist Ashley Davis about President Donald Trump's address to Congress Tuesday night. Boston Political Analyst and Host of "Keller @ Large" Jon Keller as Democratic Mayors testify on Capitol Hill. Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino as the White House moves to delay tariffs on Canada and Mexico autos for one month. Former Director of the Cyber Threat Intelligence Integration Center Laura Galante following the House Select Committee on the Chinese Communist Party hosted a hearing on Chinese cyber capabilities. Republican Senator Shelley Moore Capito of West Virginia about her reaction to Trump's speech. Former US Treasury Secretary Lawrence H. Summers about Trump's policy actions and the impact on the dollar. 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 White House Correspondent Josh Wingrove as President Donald Trump widens his tariff war. OPIS Global Head of Energy Analysis Tom Kloza about the impact of Trump's tariffs on energy markets. Republican Congressman Mark Alford of Missouri ahead of Trump's address to a joint session of Congress Tuesday night. Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino about what to expect from Trump's speech. Wiley Rein Partner and former General Counsel for the Office of the United States Trade Representative Greta Peisch about the economic impact of the tariffs. 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: Managing Director of Policy and Advocacy at the Groundwork Collaborative Liz Pancotti about President Donald Trump's latest tariff announcement. Beacon Global Strategies Managing Director Michael Allen about the latest developments from Ukraine following Friday's meeting between Trump and Ukrainian President Volodymyr Zelenskiy. Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino ahead of Trump's address to a joint session of Congress Tuesday night. 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.  Plans to sign a critical minerals deal between the US and Ukraine were scrapped after Donald Trump’s meeting Friday with Volodymyr Zelenskiy quickly devolved into a fiery exchange over the Ukrainian leader’s doubts that the US president’s efforts to broker a deal with Russia would yield lasting peace.  Zelenskiy departed the White House following the public spat, and a planned signing ceremony and press conference were canceled.  US officials said the minerals deal - which Trump had cast as a necessary step to repay American support as he sought to broker a deal with Russia’s Vladimir Putin - was not signed before Zelenskiy’s departure. “He disrespected the United States of America in its cherished Oval Office.  He can come back when he is ready for Peace,” Trump said in a social media post shortly before Zelenskiy’s departure. The Ukrainian leader angered Trump and US Vice President JD Vance when he said he did not believe the planned deal would do enough to deter further Russian aggression. “Putin will never stop and will go further and further,” Zelenskiy said, adding that the Russian leader “hates Ukrainians” and wanted to destroy the country.  “We can do it, but it’s not enough,” he added of the deal.  On this special edition of Balance of Power, Joe and Kailey get instant reaction and analysis to the dramatic moment between Trump and Zelenskiy in the Oval Office with:  Nick Wadhams, Bloomberg US National Security Team Lead  Daniel Fried, Distinguished Fellow at the Atlantic Council/Former-US Ambassador to Poland/Former-Assistant Secretary of State for Europe  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  Kelly Grieco, Senior Fellow with the Stimson Center’s Reimagining US Grand Strategy Program 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: Greenwich Media Strategies Founder Hagar Chemali as UK Prime Minister Keir Starmer visits the White House for meetings with President Donald Trump. Bloomberg Politics Contributor Jeanne Sheehan Zaino and Republican Strategist Chapin Fay about peace options between Ukraine and Russia. Bloomberg Senior Editor for Technology and Strategic Industries Michael Shepard about US export controls following Nvidia's earnings report. 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's Tyler Kendall from Capitol Hill about Tuesday's House budget resolution vote. Former US Congressman for Texas's 8th congressional district and Spokesman for the Alliance for Competitive Taxation Kevin Brady about the tax policy negotiations between the House and the Senate. Bloomberg Politics Contributor Jeanne Sheehan Zaino and Republican Strategist Maura Gillespie about President Donald Trump's first cabinet meeting Wednesday at the White House. Republican Congressman Troy Downing of Montana about his vote last night and what happens next in Congress. 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 Government Congress Reporter Jack Fitzpatrick as the House of Representatives prepares to vote on a budget resolution. PIMCO Head of US Public Policy Libby Cantrill about Republicans' slim majority in the House. Bloomberg Politics Rick Davis and Jeanne Sheehan Zaino about Speaker Mike Johnson's role getting key House members off the fence to vote in favor of the budget resolution. FIL CEO and Politics and Communications Consultant Frank Luntz about public sentiment towards President Donald Trump's first month in office. 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: Laura Davison, Bloomberg Politics Editor about Musk's notice to federal workers asking them to justify their roles or risk termination Ron Bonjean, ROKK Solutions partner, co-founder about the budget in Congress Nicole Malliotakis, Republican from New York for her thoughts on the current budget plan in the House Rick Davis, Partner at Stonecourt Capital and Bloomberg Politics Contributor & Adam Hodge, former Spokesperson for the National Security Council in the White House, Managing Director at Bully Pulpit International and Democratic Strategist for the latest headlines in DC 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:  Terry Haines, founder of Pangea Policy about the budget plan that cleared the Senate early Friday, plus the growing speculation on the “Mar-A-Lago Accords”  Bloomberg Businessweek columnist and co-host of the Elon Inc. Podcast Max Chafkin joins to break down Elon Musk’s appearance at CPAC, and what his endgame might be  Bloomberg politics contributors Rick Davis and Jeanne Sheehan Zaino to go through the latest in Congress, plus on the word that a federal judge is declining to immediately dismiss charges against New York City Mayor Eric Adams 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 speaks with:  Former Republican Congressman and former Chair of House Financial Services Patrick McHenry for his thoughts on the budget battle in Congress, and the latest moves from the Trump White House  Bloomberg Pentagon reporter Tony Capaccio about Defense Secretary Pete Hegseth’s proposed cuts and how they sent shares of Palantir and other major US defense contractors down  Structure Finance Association CEO Michael Bright for the prospects of reforming Fannie Mae and Freddie Mac  Rick Davis, Partner at Stonecourt Capital and Bloomberg Politics Contributor & Kristen Hawn, Partner at ROKK Solutions and Democratic Strategist for a look at some of the latest headlines in DC, including New York governor Kathy Hochul’s decision not to remove Mayor Eric Adams from office 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 speaks with:  Congressman Seth Moulton, Democrat from Massachusetts for his thoughts on how the Trump administration is handling talks to end the war in Ukraine  Phillip Swagel, Director of the Congressional Budget Office on the budget fight brewing in Congress  Nathan Dean, Bloomberg Intelligence Senior US Policy Analyst for the latest on agencies Elon Musk’s DOGE has set its sights on  Rick Davis, Partner at Stonecourt Capital and Bloomberg Politics Contributor & Kristen Hawn, Partner at ROKK Solutions and Democratic Strategist for a look at some of the latest headlines in DC, including Trump and Musk’s joint interview on Fox News 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: Senior Fellow & Director of Military Analysis at Defense Priorities Jennifer Kavanagh about the meeting between US and Russian officials in Saudi Arabia Tuesday morning. Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino about New York Governor Kathy Hochul's meeting with Democrats about the future of Eric Adams’ administration. NASAWatch Editor Keith Cowing about the future of the space agency in this current Trump administration. President and CEO of the Alliance For Automotive Innovation John Bozzella about the possible impacts of tariffs on US automakers. 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: Beacon Global Strategies Managing Director Michael Allen about the Munich Security Conference and the hostage deal between Israel and Hamas. Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino as Elon Musk says the US should delete entire agencies. Senior advisor at Razom for Ukraine Melinda Haring about proposed peace talks between Ukraine and Russia. Executive Vice President of Public Finance at Arnold Ventures George Callas about tax policy negotiations on Capitol Hill. See omnystudio.com/listener for privacy information.