Balance of Power

A look at the National Defense Authorization Act -- which could be voted upon by the House of Representatives this week -- led Bloomberg Intelligence's July 20 Washington Policy Pulse -- with a highlight of a Senate provision that would prohibit firms that contract with the Department of Defense from conducting stock buybacks or pay dividends. We think that the language, as written, could -- subject to liberal interpretation -- could apply to more firms than just defense contractors.
We also previewed what the US Trade Representative may do later this week as the deadline for President Donald Trump's Section 122 tariffs comes on July 24. We expect tariffs will be shifted to Section 301 tariffs, and could represent an increase for firms like Nike, Adidas, Lululemon and peers.
Finally, we discussed the House budget reconciliation efforts -- which aims to provide up to $60 billion in funds for the conflict with Iran -- and how that effort may struggle to become law.
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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 vowed that Iran “will pay” for killing three US soldiers in recent days, even as mediators proposed a new truce with the Middle East war widening further.

“Every time Iran kills an American Soldier they will pay for that killing many times over!” Trump wrote on social media on Monday.

White House Press Secretary Karoline Leavitt also said the president will attend a dignified transfer ceremony for “our fallen heroes” on Tuesday evening.
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 Tyler Kendall.
Stonecourt Capital Partner Rick Davis and Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino.
Republican Congressman Mike Flood of Nebraska.
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Insight & analysis on the White House and Capitol Hill.
Watch Joe LIVE every day on YouTube: http://bit.ly/3vTiACF.

President Trump accused China of meddling in the 2020 elections and alleged a cover up by the US intelligence community in his primetime address to the nation Thursday night. Trump said, 'great damage has been done to our country.

Our elections were left vulnerable to being rigged and stolen, and the trust of the American people was lost,' and urged Congress to pass a the SAVE act, voter identification legislation backed by the president. President Trump also briefly mentioned the conflict in Iran, as the US unleashed more strikes Thursday night and into Friday morning.

Bloomberg Washington Correspondent 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:
J Street Senior Vice President and Chief Policy Officer Ilan Goldenberg
Stonecourt Capital Partner Rick Davis and Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino
Bloomberg Senior Editor for Technology & Strategic Industries Michael Shepard
CIBC Private Wealth Senior Equity Trader and Managing Director Rebecca Babin
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Insight & analysis on the White House and Capitol Hill.
Watch Joe LIVE every day on YouTube: http://bit.ly/3vTiACF.

White House press secretary Karoline Leavitt told reporters that President Trump will be releasing 'findings' on the 2020 election in his address from the White House tonight and that all of his claims around election integrity will be 'backed by facts.' Leavitt also told reporters that a longtime teleprompter operator who has been found betting on presidential speeches on Kalshi has been put on leave. Leavitt called the actions 'deeply unfortunate and frankly a disgrace' and said that the prediction market alerted the CFTC about the bets.

Bloomberg Washington Correspondent 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 Tyler Kendall Emory University Associate Professor of Political Science Andra Gillespie.Stonecourt Capital Partner Rick Davis and Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino.Host of Bloomberg's 'This Weekend' and 'The Big Take' Podcast David Gura. Bloomberg Congress Reporter Erik Wasson.
See omnystudio.com/listener for privacy information.

Insight & analysis on the White House and Capitol Hill.

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

The United States launched more strikes against Iran Wednesday with the President pledging to keep up the barrage until Iran stops attacking targets in the Strait of Hormuz. Talking to Fox News last night President Trump said, 'We’re going to hit them very hard the night after. And then next week it gets really bad for them because next week comes the power plants. We’re going to knock out all of their bridges unless they get to the table and negotiate.' Lawmakers also released a spending blueprint that would allocate more than $60 billion in funding for armed services.

Bloomberg Washington Correspondent 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 Economics Lead for Economic Statecraft Chris Kennedy
Stonecourt Capital Partner Rick Davis and Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino
Former Republican Congressman from North Carolina and former House Financial Services Committee Chairman Patrick McHenry
Bloomberg Washington Correspondent Tyler Kendall speaks with President and Chairman of the Export-Import Bank of the United States John Jovanovic, on the sidelines of the Pennsylvania Defense & Innovation Summit
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