Balance of Power

Insight & analysis on the White House and Capitol Hill.
Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.
US President Donald Trump pledged fresh strikes on Iran after accusing the country of dragging out talks on an interim peace deal, putting further strain on a fragile two-month truce.

The US renewed its attacks overnight on the Islamic Republic and Trump’s latest comments opened the door to Washington’s most sustained military offensive since the two sides agreed to a ceasefire in April.

“We’re going to be attacking them, attacking them very hard,” Trump told reporters at the White House Wednesday. “We hit them hard yesterday, and we’re going to hit them hard again today.”
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.
Bloomberg Economics Defense Lead Becca Wasser.
Former US Ambassador to the United Nations, Chair at Hudson Institute Nikki Haley.
Stonecourt Capital Partner Rick Davis and Democratic Strategist Matt Robison.
Republican Congresswoman Nicole Malliotakis of New York.
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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 must respond after he blamed Iran for shooting down an American military helicopter off Oman, posing a new threat to the peace deal he’s said for weeks is close.

“I have just been informed by our Great Military that last night the Iranians shot down one of our highly sophisticated Apache Helicopters while patrolling over the Strait of Hormuz,” Trump posted Tuesday on social media. “There were two pilots involved, both are safe and uninjured.

Nevertheless, the United States must, of necessity, respond to this attack.”
There was no immediate indication of what action the US is planning. Iran’s foreign minister posted on social media later that “foreign forces in proximity to our territory are at constant risk,” adding that the “best solution is for them to leave.”
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:
Former Acting White House Chief of Staff Mick Mulvaney.
Bloomberg Economics Defense Lead Becca Wasser.
Stonecourt Capital Partner Rick Davis and Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino.
Bloomberg Boston Bureau Chief Brook Sutherland.
Ipsos US Public Affairs Chair and Texas A&M University's Bush School of Government and Public Service Visiting Political Science Professor Cliff Young.
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A review of market participant comments towards the Office of the Comptroller of the Currency's proposal on stablecoins led Bloomberg Intelligence's June 8 Washington Policy Pulse. Companies like Coinbase pushed the OCC to back off the idea of applying "bank-like" rules to non-banks while trade associations representing banks like Bank of America and Citigroup pushed for further restrictions on reward programs.

We also discussed testimony from the House Financial Services Committee and how it impacts regional banks like PNC Financial and US Bancorp. Finally, we discussed the most recent reconciliation efforts as well as new tariffs and Republican goals ahead of the midterm elections.
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.
The call is open to all and is held every Monday at 10:00 a.m. EST. You can register for the call here: https://bloomberg.zoom.us/webinar/register/WN__PqCkwY-S2m3hbQqvVC1_Q#/registration
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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.
Iran and Israel agreed to ease strikes against each other after a flare-up in violence threatened to derail peace negotiations and led President Donald Trump to appeal for de-escalation.

Israeli Prime Minister Benjamin Netanyahu said in a televised statement Monday that Israel would hold its fire in Iran for now but would respond should Tehran attack them again. Earlier, local TV station N12 reported that strikes in south Lebanon, where Israel is fighting Iran-backed Hezbollah militants would continue at full force.

Iran had earlier announced an end to its military operations against Israel. But its central military command warned that if Israel continued to attack, including in southern Lebanon, “much harsher and more crushing actions than before will be on the way,” the semi-official Fars news agency reported, citing a statement.
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.
American Enterprise Institute Nonresident Senior Fellow Heather Conley.
Republican Congressman James Comer, Chairman of the House Oversight Committee.
Stonecourt Capital Partner Rick Davis and Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino.
Former Republican Congressman Denver Riggleman.
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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.
US job growth topped all forecasts in May and the unemployment rate held steady at 4.3%, offering the clearest sign yet that the labor market may be breaking out of a prolonged period of lackluster hiring.

Nonfarm payrolls increased 172,000 last month and hiring in March and April was stronger than previously reported, according to Bureau of Labor Statistics data out Friday. Taken together, the figures marked the strongest three-month advance in more than two years.
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 Economics US Economist Stuart Paul.
Bloomberg White House Correspondent Kate Sullivan.
Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino and former Chief of Staff to Vice President Mike Pence Marc Short.
Bloomberg Television Markets Correspondent Norah Mulinda.
Arbroath Group Managing Director Christopher Smart.
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