Balance of Power

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 p...

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...

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 e...

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...

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...

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 Tuesda...

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 nobo...

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 futu...

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 Situat...

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 lead...

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . Israel will pursue its military operations against Iran regardless of the progress of any potential negotiations involving the US, Israeli Strategic Affairs Minister Ron Dermer said in an interview on Bloomberg Television. “We’re going to go about our operation to remove these two threats,” Dermer said Monday...

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . Israel launched strikes across Iran on Friday morning, targeting nuclear facilities and killing top military commanders in a major escalation against its chief adversary that risks sparking a broad war in the Middle East. The strikes were far more extensive than those Israel carried out against Iran last year and underscored t...

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . President Donald Trump said Israel “could very well” strike Iran but that he had advised against an attack while negotiations were ongoing, as the departure of US staff from the region fans concerns about a coming assault. “I don’t want to say imminent, but it looks like it’s something that could...

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . General Motors Co. plans to invest $4 billion in its US plants over the next two years in response to President Donald Trump’s tariffs in a move that reduces production in Mexico while boosting domestic output of some of its some of its top-selling gas-powered vehicles. The spending will expand factories in Michigan, Kan...

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . Any Senate tax bill that doesn’t exempt taxes on tips and overtime would be “dead on arrival” in the House, Ways and Means Chair Jason Smith (R-Mo.) said today on Bloomberg. GOP Sens. including Thom Tillis (N.C.) and Lindsey Graham (S.C.) expressed skepticism about the cost and economic wisdom of including th...

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . Trade talks between the US and China will continue into a second day, according to a US official, as the two sides look to ease tensions over shipments of technology and rare earth elements. Representatives for both nations ended their first day of negotiations in London after more than six hours of discussions at Lancaster Ho...

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . When Elon Musk and Donald Trump joined forces during the presidential campaign, there was always a question over how long their alliance would last and who would prevail if it didn’t work out. After the public spat between the world’s richest man and its most-powerful leader spun out of control on Thursday, the ans...

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . President Donald Trump proposed ending Elon Musk’s government contracts and subsidies, escalating the war of words between the world’s richest man and the president he helped elect.  “The easiest way to save money in our Budget, Billions and Billions of Dollars, is to terminate Elon’s Governmental...

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . The House-passed version of President Donald Trump’s tax and spending bill would add $2.42 trillion to US budget deficits over the next decade, according to a new estimate from the nonpartisan Congressional Budget Office. The CBO’s calculation, released Wednesday in its so-called scoring of the “One Big Beaut...

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . President Donald Trump worked the phones Monday and took to social media to try to sway Republican holdouts on his multi-trillion dollar tax bill, encountering conflicting demands from GOP senators even as he urged them to move swiftly.  The legislation, which last month passed the House by one vote, faces opposition from...

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . Significant changes are in store for President Donald Trump’s signature $3.9 trillion tax-cut bill as the Senate begins closed-door talks this week on legislation that squeaked through the House by a single vote.  Senate Republican leaders are aiming to make permanent many of the temporary tax cuts in the House bill...

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . Elon Musk said he will continue to advise President Donald Trump even after stepping away from the Department of Government Efficiency effort he has spearheaded. “I expect to remain a friend and an adviser, and hopefully, if there’s anything the president wants me to do, I’m at the president’s service,&...

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . President Donald Trump pushed Federal Reserve Chair Jerome Powell to lower interest rates at their first in-person meeting since the president’s inauguration, the White House said.   The president told Powell that he believes the Fed chair is making a mistake by not lowering rates, White House Press Secretary Karoli...

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . The White House will ask Congress next week to enact $9 billion of spending cuts into law — a small portion of the $175 billion in savings that Elon Musk’s Department of Government Efficiency claims to have found.  The cuts — first floated in April but waylaid amid efforts in the House to pass...

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . New sanctions against Russia are “absolutely” under consideration, President Donald Trump told reporters after Moscow launched its largest drone barrage in the war against Ukraine during a third night of strikes. Trump has grown visibly frustrated with Russian President Vladimir Putin and the state of talks meant t...