Balance of Power

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . President Donald Trump dug in on his threat to impose a 50% tariff on the European Union and said a potential 25% charge on imported Apple Inc. smartphones would also apply to Samsung Corp. devices if they do not move production to the US.  Trump said Friday in a social media post that the higher charge on the EU would st...

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . President Donald Trump’s signature tax bill narrowly passed the House Thursday morning, advancing a sprawling multi-trillion dollar package that would avert a year-end tax increase at the expense of adding to the US debt burden. The bill now heads to the Senate, where groups of Republicans are pressing for extensive chan...

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . The White House amped up the pressure on Republicans on Wednesday urging lawmakers to quickly approve President Donald Trump’s signature tax bill, adding that a failure to do so would be the “ultimate betrayal.” “The House of Representatives should immediately pass this bill to show the American people...

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 Correspondent T...

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . President Donald Trump said that Moscow and Kyiv would begin talks “immediately” on ending the war in Ukraine after a phone call with Russian President Vladimir Putin on Monday.  “Russia and Ukraine will immediately start negotiations toward a Ceasefire and, more importantly, an END to the War,” Tr...

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . House Republicans’ reconciliation package hit a wall in the Budget Committee, where conservatives may block the measure today over complaints that it front-loads tax cuts and delays spending reductions. There are at least three conservative members on the panel who oppose the bill, barring changes. GOP members can only a...

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . House Republicans are close to reaching an agreement on the state and local tax deduction, aiming to pass the tax bill next week, Speaker Mike Johnson says. Talks over SALT are on track to continue over the weekend, he tells reporters. Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysi...

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: Bloomberg Washington Correspondent Tyler Ke...

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . President Donald Trump’s campaign tax pledges — no taxes on tips and overtime pay, plus new tax breaks for car buyers and seniors — are the centerpiece of a multitrillion dollar package that will serve as Republicans’ signature legislative effort. In a draft version of the tax bill released on Monday, H...

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . The US and China will temporarily lower tariffs on each other’s products in a dramatic ratcheting down of trade tensions that buys the world’s two largest economies three months to work toward a broader agreement. The combined 145% US levies on most Chinese imports will be reduced to 30% including the rate tied to...

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . US President Donald Trump floated an 80% tariff on China ahead of negotiations due to begin Saturday as he urged Beijing to do more to open their markets to US goods. “80% Tariff on China seems right! Up to Scott B,” Trump said in a social-media post Friday morning, referring to Treasury Secretary Scott Bessent.&nb...

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . Cardinal Robert Francis Prevost was elected as Roman Catholic pontiff, the first ever pope from the US and a possible bridge between the moderate and hardline sides of a divided Church. Prevost, 69, chose the name of Leo XIV for his pontificate and was greeted by thousands of cheering faithful as he stepped out onto a balcony...

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . Treasury Secretary Scott Bessent, as top spokesman for President Donald Trump’s economic policies, endured a sometimes-fiery hearing at the House Wednesday, peppered with Democratic legislators’ objections to initiatives including DOGE and tariff hikes on consumer products. In his first exchange with Maxine Waters,...

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . US President Donald Trump said he would prescribe tariff levels and trade concessions for partners looking to avoid higher duties, appearing to move away from the idea that he would engage in back-and-forth negotiations. “We’re going to put very fair numbers down, and we’re going to say, here’s —...

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . President Donald Trump suggested that his administration could strike trade deals with some countries as soon as this week, offering the prospect of relief for trading partners seeking to avoid higher US import duties. “It could very well be,” Trump told reporters on Sunday when asked whether any trade agreements w...

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . US job growth was robust in April and the unemployment rate held steady, suggesting uncertainty over President Donald Trump’s trade policy has yet to have a material impact on hiring plans. Nonfarm payrolls increased 177,000 last month after the prior two months’ advances were revised lower, according to Bureau of...

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . President Donald Trump blamed former President Joe Biden for weak economic data that sent stocks tumbling, arguing government data showing increased domestic investment signaled his tariffs are working. “I have to start off by saying, that’s Biden. That’s not Trump,” Trump said Wednesday during a Cabine...

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . President Donald Trump is scheduled to sign an executive order easing the impact of his auto tariffs, preventing duties on foreign-made vehicles from stacking on top of other levies and lessening charges on parts from overseas used to make vehicles in the US. White House Press Secretary Karoline Leavitt said the administration...

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . Treasury Secretary Scott Bessent and congressional Republicans will meet to sketch out the plan for passing a multi-trillion tax cut in the coming weeks as polling shows that voters largely disapprove of the White House’s handling of the economy. Bessent and National Economic Council Director Kevin Hassett will meet with...

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...

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 W...

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...

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 b...

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. “...

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, b...