Balance of Power

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . Senate Republicans plan to vote this week on a likely futile plan to counter Democrats’ push to extend expiring Obamacare subsidies as health care costs for more than 20 million people are set to spike on Jan. 1. Neither the Republican legislation announced Tuesday nor Democrats’ proposed three-year extension are e...

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . The Trump administration on Monday plans to unveil a long-awaited farm aid package, according Trump administration officials, offering $12 billion in assistance to a key base of support hit hard by low crop prices and the impact of the president’s tariff policies. The aid will include up to $11 billion in one-time paymen...

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . Speaker Mike Johnson is pushing to unveil a Republican health care bill in the coming days for a vote by the end of the month, but the move is unlikely to resolve a congressional deadlock over expiring Obamacare subsidies.  The GOP plan is likely to include ideas the party has floated in the past to create less comprehens...

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . Defense Secretary Pete Hegseth exposed sensitive information when he sent details of a pending military strike from his personal phone, according to a Pentagon watchdog investigation into the “Signalgate” saga that gripped the White House earlier this year. The Pentagon inspector general determined that Hegseth had...

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . Defense Secretary Pete Hegseth said he wasn’t watching when a top US admiral ordered a second strike on an alleged drug-running boat on Sept. 2. Hegseth says that commander made the right call. “As you can imagine, at the Department of War, we got a lot of things to do, so I didn’t stick around for the hour a...

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . Vladimir Putin began talks at the Kremlin with US envoys Steve Witkoff and Jared Kushner on the latest plans aimed at ending Russia’s war in Ukraine. The Russian president, who was joined by his foreign-policy aide Yuri Ushakov and Kremlin envoy Kirill Dmitriev, said in comments shown on state television that he was plea...

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . President Donald Trump said Sunday that people shouldn’t read much into a social media post where he said Venezuelan airspace should be considered closed. His post from Saturday morning, addressed to airlines and “Drug Dealers,” added to jitters in the region about possible US strikes on Venezuelan territory....

An update of President Donald Trump's selection process for Federal Reserve Chairman -- Bloomberg News reports National Economic Council Director Kevin Hassett has emerged as a front runner -- as well as an update on de-regulation for bank capital rules impacting banks like Bank of America, Goldman Sachs and JPMorgan -- led Bloomberg Intelligence's Washington Policy Pulse on Dec 1. We also preview...

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: Bloomberg Intelligence Senior Commodities Stra...

Watch Joe and Kailey LIVE every day on YouTube:  http://bit.ly/3vTiACF . White House National Economic Council Director Kevin Hassett is seen by advisers and allies of President Donald Trump as the frontrunner to be the next Federal Reserve chair, according to people familiar with the matter, as the search for a new central bank leader enters its final weeks. With Hassett, Trump would have a...

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . US President Donald Trump and Chinese President Xi Jinping on Monday held their first talks since agreeing to a tariff truce last month, discussing trade, Taiwan and Russia’s invasion of Ukraine.  Trump said the telephone call was “very good” and that the leaders spoke about purchases of soybeans and oth...

A discussion of a reported forthcoming plan from the White House to extend Obamacare subsidies -- potentially as long as two years -- led Bloomberg Intelligence's Washington Policy Pulse on Nov. 24. Such an extension, if enacted, could bode well for insueres such as Centene and UnitedHealth. We also previewed a meeting at the FDIC -- to be held on Nov. 25 -- that will see that regulator finalize a...

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . Donald Trump and New York City Mayor-elect Zohran Mamdani are set to meet at the White House on Friday. The meeting marks the first time the two leaders will come together to discuss how they can work with each other since the election earlier this month. Mamdani was elected as mayor of New York City after campaigning on a pro...

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . US job growth topped expectations in September but the unemployment rate continued its march higher, underscoring the lingering fragility of the labor market.  The Bureau of Statistic’s latest jobs report, long delayed due to the government shutdown, showed nonfarm payrolls rose 119,000 in the month after declining...

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . President Donald Trump said he would formally designate Saudi Arabia as a major non-NATO ally in a further strengthening of ties between the two countries, capping a day of dealmaking between the US leader and the kingdom’s Crown Prince Mohammed bin Salman.   “I’m pleased to announce that we’re tak...

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . US President Donald Trump said Saudi Arabia’s Crown Prince Mohammed bin Salman “knew nothing about” the murder of Washington Post columnist Jamal Khashoggi, as the pair met to announce a deepening of economic ties at the White House.  “A lot of people didn’t like that gentleman that you&rsquo...

A preview of what a final leverage ratio rule -- which we think will be released before the end of the year -- led Bloomberg Intelligence's Washington Policy Pulse on Nov. 17. The change will likely cut Tier 1 capital for banks like Morgan Stanley, Goldman Sachs and Bank of America. We also discussed chances of a crypto bill passing in 4Q -- key for platforms like Coinbase and Robinhood. We also d...

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . President Donald Trump said House Republicans should vote to require the Justice Department to release its files on Jeffrey Epstein, effectively reversing a position he’d held for months. “House Republicans should vote to release the Epstein files, because we have nothing to hide, and it’s time to move on,&rd...

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . President Donald Trump is slated to sign an order on Friday reducing tariffs on beef, tomatoes, coffee and bananas, according to a White House official, a move aimed at lowering costs on groceries as the administration faces pressure from voters to cut prices on everyday goods. The exemptions would reduce trade levies on the c...

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . President Donald Trump signed legislation to end the longest government shutdown in US history, marking the official conclusion to a 43-day impasse that halted food aid to millions of households, canceled thousands of flights and forced federal workers to go unpaid for more than a month. Trump’s signature means the gover...

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . US House lawmakers return to Washington on Wednesday for a vote to end the 43-day government shutdown, which has snarled air travel, delayed food aid to millions of Americans and forced federal workers to go without pay.  House Speaker Mike Johnson said he believes the legislation, a hard-fought compromise forged in the S...

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . A record-setting 42-day US government shutdown is on a path to end as soon as Wednesday after the Senate passed a temporary funding measure backed by a group of eight centrist Democrats. Reopening the government now depends on the Republican-controlled House, which plans to return to Washington Wednesday to consider the spendi...

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . The White House on Monday expressed support for the bipartisan deal to end the US shutdown, a key development that makes it likely the government reopens within days.  President Donald Trump has wanted the government reopened since the start of the shutdown and considers the deal a positive development, a White House offi...

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . Airlines across the US have canceled flights scheduled for the coming days, as the longest government shutdown in history snarls up air travel and forces thousands of passengers to change their travel plans. With hundreds of services already trimmed and more on the way, the world’s busiest aviation market has become a fl...

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . Prospects are swiftly fading on Capitol Hill for a deal this week to end the longest government shutdown in US history despite warnings of worsening flight disruptions and mounting concerns about food aid for low-income Americans.  House Speaker Mike Johnson said Thursday he’s less optimistic about bipartisan negoti...