Balance of Power

Insight & analysis on the White House and Capitol Hill.

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The White House said the Iranian regime has been “absolutely crushed” while the timeline for military operations remained deeply unclear on the fifth day of the Middle East war, which continued to stress financial and energy markets.

The US has sunk more than 20 Iranian vessels, eliminated 49 Iranian officials, struck more than 2,000 targets and is moving toward “complete and total control of Iranian airspace” in a “remarkably successful” mission, White House Press Secretary Karoline Leavitt told reporters Wednesday.

The conflict showed no sign of abating, with Tehran again targeting Israel and Gulf states. Meanwhile, Israeli and US forces made good on pledges to bomb more targets in the Islamic Republic. The US sank an Iranian warship in international waters, marking the first time since World War II that an American submarine has attacked a surface vessel.

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 This Weekend Co-Host David Gura.
Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino and Bluestack Strategies Founder Maura Gillespie.
Former US Central Command Commander Gen. Kenneth "Frank" McKenzie (Ret.).
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Insight & analysis on the White House and Capitol Hill.

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

The US-Israeli war on Iran reverberated across the region for a fourth day, with oil and gas prices surging and the world adjusting to a conflict that President Donald Trump has said could last for weeks.

Israel bombarded Tehran with a fresh wave of strikes on Tuesday, and hit a building in the city of Qom where Iranian clerics were meeting to elect a successor to Supreme Leader Ayatollah Ali Khamenei, Israel’s Kan News reported. Iran’s semi-official Mehr news agency said the building was attacked but wasn’t in use at the time.

The Islamic Republic fired missiles at countries including Qatar, Bahrain and Oman that host US bases, with Doha saying targets weren’t limited to military interests. Qatar and Iraq halted production at major energy sites, heightening concern over supply and prices.

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 National Security and Capitol Influence Reporter Jamie Tarabay.
Bloomberg News Equities Reporter Alexandra Semenova.
Bloomberg Washington Correspondent Tyler Kendall.
Stimson Center Senior Fellow Kelly Grieco.
Democratic Congressman Bill Foster of Illinois.
Stonecourt Capital Partner Rick Davis and Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino.
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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 would keep up its military offensive against Iran for as long as it takes, outlining for the first time a set of four objectives he hopes to accomplish toward reducing the threat he said is posed by Tehran.

“We projected four to five weeks, but we have capability to go far longer than that,” Trump said at a White House event on Monday about the timeline he foresaw for the campaign. “Whatever the time is, it’s OK. Whatever it takes.”

The president has faced mounting pressure to better define the goals of his extraordinary military intervention on Iran, after days of sending mixed signals about what he wanted to achieve.

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.
American Enterprise Institute Nonresident Senior Fellow Heather Conley.
Stonecourt Capital Partner Rick Davis and Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino.
Rapidan Energy Group Founder and President Bob McNally.
Bloomberg Markets Live Blog Managing Editor Kristine Aquino.
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A briefing on the current state of the US-Iran conflict, with a focus on the defense contractors like Lockheed, RTX and Northrop, led the March 2 edition of Bloomberg Intelligence’s Washington Policy Pulse. Senior Industry Analyst Wayne Sanders discussed how the attack on Iran is likely to be a limited engagement relying primarily on air and naval assets, supporting increased US investment in those assets. We also discussed how we think Congress is unlikely to authorize -- or block -- President Donald Trump's tariff strategy and gave a timing update on the future of the Basel III endgame, set to impact Bank of America, Citigroup and other large banks.
The Bloomberg Intelligence Financial Policy weekly call is designed to provide investors an opportunity to learn about the most recent relevant policy research, information regarding forthcoming political catalysts and other on-goings within Washington DC.
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