Balance of Power

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Senate Majority Leader John Thune said the two parties are in talks with the White House over US government funding as Democrats threaten to force a partial US government shutdown following a mounting public backlash over President Donald Trump’s immigration crackdown in Minnesota.

The fatal shooting of Minnesota nurse Alex Pretti by Border Patrol agents on Saturday quickly led to a Senate Democratic revolt against funding the Department of Homeland Security without new safeguards. Funding for several other agencies, including Defense, Health and Human Services, Labor, Treasury and Education, could become a casualty of the dispute as a Jan. 30 funding deadline nears.

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 Washington Correspondent Tyler Kendall.
Stonecourt Capital Partner Rick Davis and Harvard Kennedy School's Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino.
Bloomberg News US National Security Team Lead Nick Wadhams.
Bloomberg News US Equities Managing Editor Michael Regan.
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Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.

Donald Trump said Homeland Security Secretary Kristi Noem would remain in her post despite the president’s decision to reshuffle the leadership running his deportation effort in Minnesota following widespread outcry over the killing of two US citizens by federal agents.

“I think she’s doing a very good job,” Trump told reporters Tuesday as he departed the White House for a trip to Iowa. “The border is totally secure.”

The public vote of confidence came a day after the president ordered the shakeup in the aftermath of the Jan. 24 fatal shooting of 37-year-old intensive care nurse Alex Pretti by a Border Patrol agent during an enforcement operation.

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 News Immigration Reporter Alicia A. Caldwell.
Bloomberg Washington Correspondent Tyler Kendall.
Former Acting White House Chief of Staff Mick Mulvaney.
Redwave Communications Owner and Republican Strategist David Kochel.
Stonecourt Capital Partner Rick Davis and Harvard Kennedy School's Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino.
See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.

President Donald Trump indicated he’ll make changes to his administration’s deportation crackdown in Minnesota after the killing of two US citizens during immigration raids sparked nationwide uproar.

The president said he was sending US border czar Tom Homan — who is seen as relatively measured compared to rivals, including Homeland Security Secretary Kristi Noem — to Minneapolis in a bid to deescalate tensions.

Trump also spoke with Minnesota Governor Tim Walz, telling the Democrat who he has derided as “grossly incompetent” that he would consider independent investigations into the shootings and reducing the number of federal agents in his state.

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 Washington Correspondent Tyler Kendall.
Bloomberg Senior Editor Wendy Benjaminson.
Constitutional lawyer Robert McWhirter.
Stonecourt Capital Partner Rick Davis and Harvard Kennedy School's Ash Center Visiting Democracy Jeanne Sheehan Zaino.
Bloomberg News Senior Correspondent Myles Miller.
See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.

Snow and dangerously bitter cold have begun to spread from the Rocky Mountains to the Great Lakes as a massive storm pushes toward the US Northeast, disrupting travel and threatening power outages for much of the nation.

The storm is expected to span nearly 1,500 miles (2,400 kilometers), bringing heavy snow, crippling ice and subzero wind chill to some of the biggest US cities. Natural gas prices surged on concern iced-over equipment will choke supplies. Airlines have already canceled more than 3,000 flights and Amtrak has pulled dozens of trips from its schedule.

Chicago schools were closed Friday as the third-largest US district braced for wind chills of -30F (-34), while ski resorts in Michigan took the unusual step of shutting slopes because of the extreme cold.

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 News Energy Reporter Josh Saul.
Former FEMA Administrator Deanne Criswell.
Stonecourt Capital Partner Rick Davis and Harvard Kennedy School's Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino.
Bloomberg Intelligence Senior Commodities Strategist Mike McGlone.
Republican Congresswoman Nicole Malliotakis of New York.
Bloomberg Texas Bureau Chief Julie Fine.
See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.

Oil fell as Ukrainian President Volodymyr Zelenskiy discussed plans for trilateral meetings with the US and Russia.

West Texas Intermediate traded below $60 a barrel on Thursday. Any breakthrough to end Moscow’s war in Ukraine could iron out supply disruptions and end sanctions on Russian crude in an already oversupplied global market, sapping a longstanding geopolitical risk premium.

Signs of ample supply were evident in a US government report that showed US crude stockpiles rose 3.6 million barrels last week, while fuel stocks rose across the board.

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 Washington Correspondent Tyler Kendall.
Republican Congressman Andrew Garbarino of New York, Chairman of the House Homeland Security Committee.
Stonecourt Capital Partner Rick Davis and Harvard Kennedy School's Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino.
US Army Transformation and Training Command Executive Director Joseph Welch.
See omnystudio.com/listener for privacy information.