Balance of Power

President Donald Trump's options towards the Iran conflict -- with a focus on the US midterms and the political calculus of his decisions -- led Bloomberg Intelligence's Washington Policy Pulse on March 16. Bloomberg News reports that despite Trump's call for a coalition of ships to guard the Strait of Hormuz, several countries have yet to commit support. We also discussed the upcoming Basel III Endgame proposal, set for release this week, and how it will work in conjunction with other rules. Other areas of focus include a proposal on stablecoins and the CFTC's new actions on prediction markets. We ended with an update of Kevin Warsh's nomination as Fed Chair.

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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 reiterated his appeals for help from other nations to secure the Strait of Hormuz, saying that Iran was nearly obliterated even as the war keeps roiling oil markets and global shipping.

“Numerous countries have told me they’re on the way — some are very enthusiastic about it, and some aren’t. Some are countries that we’ve helped for many, many years,” Trump told reporters Monday during a White House event.

The president expressed his frustration with other nations, who have so far been publicly noncommittal on his calls to help ensure vessels can transit the strait. The vital waterway has been effectively closed since the start of the war, crunching global energy supply chains.

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, Kailey speaks with:
Bloomberg Washington Correspondent Tyler Kendall.
Chatham House Associate Fellow Natasha Hall.
Stonecourt Capital Partner Rick Davis and Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino.
Bloomberg Government Senior Washington Reporter Jonathan Tamari.
Airlines for America President and CEO Chris Sununu, former Governor of New Hampshire.
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Jeanine Pirro vowed to continue her investigation of Federal Reserve Chair Jerome Powell after a judge rejected subpoenas issued to the central bank, threatening to delay the confirmation of Kevin Warsh as Powell’s successor.
US District Judge James Boasberg said the government had advanced no evidence to justify the subpoenas — relating to renovations to the Fed’s headquarters and Powell’s comments about the project — and said they clearly reflected an “improper motive” of retaliating against Powell over policy differences. Pirro, who leads the US Attorney’s Office for the District of Columbia, called the ruling wrong and said they would appeal the decision.
“This process has been arbitrarily undermined by an activist judge,” Pirro said in a press conference Friday. “The process should have been allowed to run its course, and it wasn’t. And shame on them.”
For instant reaction and analysis, Bloomberg Businessweek Daily cohosts Carol Massar and Tim Stenovec speak with:
June Grasso, Bloomberg legal analyst and host of Bloomberg Law
Michael McKee, Bloomberg International Economics & Policy correspondent
Tim O'Brien, Bloomberg Opinion senior executive editor
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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 said it had further stepped up strikes on Iran as both sides in the war threatened to escalate a conflict hitting its two-week mark that has upended energy flows and financial markets.

“They’re going to be hit. They can talk all they want but, you know, let’s see what they do,” President Donald Trump told Fox News Radio in an interview that aired Friday. “They’re going to maybe do something having to do with the straits.”

The 14th day of the war marked the largest attacks yet against the Islamic Republic, with the US and Israel hitting around 15,000 targets since the war began, US Defense Secretary Pete Hegseth said.

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, Bloomberg's Tyler Kendall is in for Kailey. Joe and Tyler speak with:
Bloomberg Economics Chief Geoeconomics Analyst Jennifer Welch.
Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino and Brownstein Hyatt Farber Schreck Partner Rosemary Becchi.
Bloomberg News Senior Editor for Technology and Strategic Industries Michael Shepard.
Bloomberg Intelligence Senior US Policy Analyst Nathan Dean.
Andesite Co-Founder and CEO Brian Carbaugh.
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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 and Iran’s new supreme leader both struck defiant tones on the 13th day of the war, offering little relief to energy markets despite fresh US efforts to curb oil prices.

The US president said in a social media post Thursday that preventing Iran from having nuclear weapons and threatening the Middle East is “of far greater interest and importance to me” than the cost of oil.

Mojtaba Khamenei said the Islamic Republic would seek to ensure the Strait of Hormuz remains effectively closed. In his first public comments since succeeding his father, he added that Tehran will look to open other fronts in the war if the US and Israel persist with their attacks.

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.
Democratic Senator Elissa Slotkin.
Maywood Strategies Principal Doug Farrar and Bluestack Strategies Founder Maura Gillespie.
Former Israeli Ambassador to the US Michael Oren.
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