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.
The Department of Justice ended its investigation into the Federal Reserve and its chair Jerome Powell over building costs, handing it over to the office of the inspector general that oversees the Fed.
“I have directed my office to close our investigation as the IG undertakes this inquiry,” US Attorney for the District of Columbia Jeanine Pirro wrote in a statement, “Note well, however, that I will not hesitate to restart a criminal investigation should the facts warrant doing so.”
The move clears a potential path for Senate confirmation of Kevin Warsh, Trump’s pick to take over as chair of the federal reserve.
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 International Economics and Policy Correspondent Mike McKee
Rep. Suzan DelBene, Democrat from Washington and Chairwoman of the Democratic Congressional Campaign Committee
Principal of the International Practice at BGR Group Lester Munson and Managing Partner at Bully Pulpit International Adam Hodge
Israel’s Ambassador to the US from 2021 to 2025 Michael Herzog
See omnystudio.com/listener for privacy information.

President Donald Trump announced he was extending a ceasefire with Iran indefinitely a day before it was set to expire, even as plans for a fresh round of talks between the two countries fell apart.

In a Truth Social post, Trump said Tuesday he would maintain a blockade over ships coming to and from Iran in the Strait of Hormuz. He said Pakistan, which had mediated between the two sides, asked for the US to hold off on fresh strikes and he was extending the ceasefire until Iran submits a new proposal “and discussions are concluded, one way or the other.”

For instant reaction and analysis, Bloomberg Businessweek Daily hosts Carol Massar and Tim Stenovec speak with:
Wendy Benjaminson, Bloomberg News Senior Editor
Terry Haines, Pangaea Policy Founder
Adam Farrar, Bloomberg Economics Senior Geoeconomics Analyst
Ambassador James F. Jeffrey, Philip Solondz Distinguished Fellow at The Washington Institute
See omnystudio.com/listener for privacy information.

Insight & analysis on the White House and Capitol Hill.

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

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 International Economics and Policy Correspondent Michael McKee.
Groundwork Collaborative Senior Strategic Advisor Kitty Richards.
Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino and Hoover Institution Fellow Lanhee Chen.
Former Republican Congressman Patrick McHenry.
See omnystudio.com/listener for privacy information.

A preview of Kevin Warsh's nomination hearing at the Senate Banking Committee to become the next chairman of the Federal Reserve led Bloomberg Intelligence's April 20 Washington Policy Pulse. While Warsh likely has the votes, Senator Thom Tillis will probably stick to his vow not to advance Warsh until an investigation into the Fed is resolved. We also discussed upcoming testimony from US Trade Representative Jamieson Greer and the likelihood of future tariffs. Finally, we discussed ongoing efforts to fund Immigration and Customs Enforcement via the reconciliation process. Instructions for a deal around $75 billion could be released as soon as tomorrow.

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
See omnystudio.com/listener for privacy information.

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 said he’s not likely to extend the two-week ceasefire with Iran, increasing the urgency for negotiators to conclude a deal to end the war.

Trump said in a Monday phone interview that the truce, which he announced April 7, expires on “Wednesday evening Washington time” — possibly buying more time for negotiations. But the president also said it’s “highly unlikely that I’d extend it” if no deal is reached before then.

“I’m not going to be rushed into making a bad deal. We’ve got all the time in the world,” the president 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, Joe and Kailey speak with:
Bloomberg White House Correspondent Kate Sullivan.
Stonecourt Capital Partner Rick Davis and Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino.
Republican Congresswoman Nicole Malliotakis of New York.
See omnystudio.com/listener for privacy information.