Balance of Power

Insight & analysis on the White House and Capitol Hill. Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . US President Donald Trump pledged fresh strikes on Iran after accusing the country of dragging out talks on an interim peace deal, putting further strain on a fragile two-month truce.  The US renewed its attacks overnight on the Islamic Republic and Trump’s...

Insight & analysis on the White House and Capitol Hill. Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . President Donald Trump said the US must respond after he blamed Iran for shooting down an American military helicopter off Oman, posing a new threat to the peace deal he’s said for weeks is close. “I have just been informed by our Great Military that last...

A review of market participant comments towards the Office of the Comptroller of the Currency's proposal on stablecoins led Bloomberg Intelligence's June 8 Washington Policy Pulse. Companies like Coinbase pushed the OCC to back off the idea of applying "bank-like" rules to non-banks while trade associations representing banks like Bank of America and Citigroup pushed for further restrictions on re...

Insight & analysis on the White House and Capitol Hill. Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . Iran and Israel agreed to ease strikes against each other after a flare-up in violence threatened to derail peace negotiations and led President Donald Trump to appeal for de-escalation. Israeli Prime Minister Benjamin Netanyahu said in a televised statement Monday th...

Insight & analysis on the White House and Capitol Hill. Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . US job growth topped all forecasts in May and the unemployment rate held steady at 4.3%, offering the clearest sign yet that the labor market may be breaking out of a prolonged period of lackluster hiring. Nonfarm payrolls increased 172,000 last month and hiring in Ma...

Insight & analysis on the White House and Capitol Hill. Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . The Senate voted down a bid by retiring Republican Sen. Thom Tillis (R-N.C.) to permanently block the Department of Justice from establishing a fund to pay people who claim to have been victims of government “weaponization.” The weaponization fund, establi...

Insight & analysis on the White House and Capitol Hill. Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . Senate Republicans stripped federal funds for Donald Trump’s White House ballroom from a spending package after the money triggered a blacklash from lawmakers in both parties. The removal of the funds Wednesday is a fresh setback for Trump who a day earlier Sena...

Insight & analysis on the White House and Capitol Hill. Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . President Donald Trump is still optimistic the US can reach an interim peace deal with Iran soon, after the Islamic Republic threatened to suspend talks because of Israel’s escalating attacks in Lebanon. Trump on Tuesday disputed reports in Iranian state media t...

An update on a proposal that we believe will bring regulatory clarity to event contracts, key for platforms like Kalshi, Polymarket, CME Group and Robinhood, led Bloomberg Intelligence's June 1 Washington Policy Pulse discussion. The proposal likely reaffirms that event contracts are swaps and under federal jurisdiction. We also discussed a future Iran War Powers resolution and how it's unlikely t...

Insight & analysis on the White House and Capitol Hill. Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . US President Donald Trump said Israel and Hezbollah agreed to stop attacking each other in Lebanon and that talks with Iran were continuing after fresh violence threatened negotiations to end the Middle East conflict. Trump said he had spoken with Israeli Prime Minist...

Insight & analysis on the White House and Capitol Hill. Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . President Donald Trump said that he is ready to make his 'final determination' on a deal to extend a ceasefire with Iran. The president is the final sign off on a deal reached by negotiators that would extend the fragile ceasefire by 60 days and open the floor for fur...

Insight & analysis on the White House and Capitol Hill. Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . The US and Iran have reached a tentative deal to extend a ceasefire by 60 days and launch further talks on Tehran’s nuclear program, a US source familiar with the matter said, raising hopes the three-month conflict could be nearing a resolution. The source, who...

Insight & analysis on the White House and Capitol Hill. Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . President Donald Trump asserted that no one nation would control the vital Strait of Hormuz waterway, highlighting a key sticking point in resolving the war with Iran. Trump was asked during a meeting of his Cabinet officials if he was comfortable with a short-term de...

Insight & analysis on the White House and Capitol Hill. Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . The US is touting progress toward a peace deal with Iran to end the nearly three-month war, even amid fresh hostilities and uncertainty over the vital Strait of Hormuz.  Security in the crucial energy waterway remained unclear Tuesday after the two sides exchange...

Insight & analysis on the White House and Capitol Hill. President Donald Trump stressed that he wants Kevin Warsh to independently lead the Federal Reserve, as he looked to downplay investor concern that he would pressure the new central bank chief on policy decisions.  Warsh, who has promised the biggest shakeup in decades at the US central bank, was sworn into office Friday in a White H...

Insight & analysis on the White House and Capitol Hill. Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . Senate Republicans stalemated over President Donald Trump $1.8 billion account to pay political allies alleged to be victims of government “weaponization,” a dramatic setback for the president even as he threatens to vanquish perceived political foes withi...

Insight & analysis on the White House and Capitol Hill. 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. Live from the...

Insight & analysis on the White House and Capitol Hill. 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. Live from the...

Insight & analysis on the White House and Capitol Hill. 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. Live from the campus...

Insight & analysis on the White House and Capitol Hill. Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . US President Donald Trump said he made no commitment to Chinese President Xi Jinping over Taiwan, and would make a decision soon over a planned $14 billion arms deal with the island. “On Taiwan he feels very strongly, I made no commitment either way,” Trum...

Insight & analysis on the White House and Capitol Hill. Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . After Xi Jinping regaled Donald Trump with goose-stepping soldiers and flag-waving children, the Chinese leader’s warning that Taiwan could lead to “clashes” between the superpowers amounted to a thunderclap in the choreographed world of Communist Pa...

Insight & analysis on the White House and Capitol Hill. Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . President Donald Trump arrived in Beijing for the first state visit to China by a US leader in nine years, as the world’s two largest economies look to stabilize ties with a summit playing out against the backdrop of the Iran war. Air Force One touched down at t...

Insight & analysis on the White House and Capitol Hill. Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . Donald Trump is expecting economic deals and a “wild” welcome this week in China. In reality, he’ll arrive facing an emboldened Xi Jinping, just as his own hand is constrained by the conflict in Iran.  When the US president touches down in Beiji...

A more in-depth conversation about the future of the CLARITY Act -- a crypto market structure bill slated for Senate Banking Committee markup on May 14 -- led Bloomberg Intelligence's May 11 Washington Policy Pulse discussion. We think a deal between Senate lawmakers over stablecoins -- which the banking sector has pushed back against -- will likely hold. We also previewed what President Donald Tr...

Insight & analysis on the White House and Capitol Hill. Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . The ceasefire between the US and Iran reached a particularly precarious moment Monday as President Donald Trump said the agreement was on “massive life support” after he rejected Tehran’s latest peace offer.  Speaking to reporters in the Oval Of...