Balance of Power

A look at the final actions of the Senate -- including releasing a bipartisan energy permitting bill -- as well as looking at regulatory rulemakings geared towards enhancing institutional adoption of the crypto sector led Bloomberg Intelligence's Washington Policy Pulse on Oct. 5. The energy bill aims to speed up permitting reviews for new infrastructure projects, including making data centers pay for their transmission costs, will likely see a vote in the forthcoming lame-duck period in November.
We also looked at the SEC's most recent proposals related to accredited investor and crypto custody and how the SEC plans to finalize them in 2027. The accredited investor proposal probably won't lead to a material increase in new growth for alternative asset managers. Finally, we previewed a Trump action on farm aid, which we think will be tied to cutting diesel costs. Yet we caution most federal actions over lowering the price of diesel are limited in scope.
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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 is preparing to ease limits restricting the use of a tax-exempt variety of diesel, his latest bid to pare costs for the essential fuel ahead of the November midterm elections.

The Trump administration is expected to unveil the plan targeting so-called red dyed diesel on Monday, according to people familiar with the matter, who asked not to be named before a public announcement.

The plan effectively would allow more widespread use of red or dyed diesel, which is generally available for off-road purposes, such as in farm and construction equipment.
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.
Former Acting White House Chief of Staff Mick Mulvaney
Stonecourt Capital Partner Rick Davis and Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino.
Gulf Oil Chief Energy Advisor Tom Kloza.
Bloomberg News Supreme Court Reporter Greg Stohr.
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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 predicted that Democrats would impeach him for a third time if they retake control of Congress, seeking to boost voter enthusiasm for Republican candidates amid broad public dissatisfaction with his leadership.

Trump spoke Thursday during a campaign swing through Texas and Oklahoma, states which he carried handily in his three presidential campaigns but are now home to competitive Senate and gubernatorial races, highlighting the GOP’s peril in the November midterm elections. The president plans to hold a rally Friday in Alabama, another deep-red state.

“Pretend I’m running, please, because I am on the ballot. And if we don’t win, they’ll end up impeaching me,” the president said during a rally in the Oklahoma city of Durant. “They’re going to ruin our nation if they’re allowed to get back into office.”
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.
Groundwork Collaborative Senior Fellow Kitty Richards.
Stonecourt Capital Partner Rick Davis and Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino.
Bloomberg News Capitol Influence Team Lead Megan Scully.
Elias Law Group Litigation Chair Elisabeth Frost.
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The US added fewer jobs than expected in September and wage growth slowed, signaling some caution among employers amid rising costs.
Nonfarm payrolls increased 29,000 last month after a downward revision to the prior two months, according to Bureau of Labor Statistics data out Friday. That missed all estimates in a Bloomberg survey of economists.
The unemployment rate rose to 4.2%, partly reflecting a growing workforce.
Bloomberg’s Tom Keene and Paul Sweeney get reaction from:
Claudia Sahm, Chief Economist at New Century Advisors
Rebecca Patterson, Senior Fellow at Council on Foreign Relations
Kristina Campmany, Senior Portfolio Manager at Invesco
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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.
Donald Trump is embarking on a travel blitz aimed at shoring up struggling Republicans in states he won two years ago, as the president’s mood darkens about his party’s prospects in the November midterm elections.

In the coming days, Trump plans to appear in Texas, Oklahoma, Ohio and Nebraska, GOP strongholds where a visit could deliver a jolt of energy to his base. But the choice of destinations points to a cold reality for Trump: a presidential appearance on behalf of office-seekers in competitive states might hurt more than it helps.
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 Opinion Contributor Gautam Mukunda.
Bloomberg News Capitol Influence Deputy Team Lead Mike Dorning.
Bloomberg News Senior Editor for Equities Eric Weiner.
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