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 and Canadian Prime Minister Mark Carney expressed optimism about finalizing a tariff agreement as negotiators from both countries met in Washington for further talks.

Trump on Wednesday declared that “we’ve come to a deal with Canada,” saying that Canadian representatives “gave us the points we had to have” on issues including market access for US agricultural products. “It’s all subject to finalization of documents,” the president told reporters at the White House.

Meanwhile, Carney posted that the two sides are “moving towards an agreement that reinforces that Canadian advantage” and secures “the best terms in each of Canada’s most important strategic sectors,” without elaborating on the specifics.
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.
Former Deputy US Trade Representative Sarah Bianchi.
Stonecourt Capital Partner Rick Davis and Brownstein Hyatt Farber Schreck Partner Sarah Mercer.
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.
Total US public debt surpassed $40 trillion for the first time, and has now surged by a third in less than five years, as US lawmakers continue to shrug off calls to contend with historically wide fiscal deficits.

Public debt outstanding stood at $40.05 trillion as of the close of business Tuesday, a Treasury Department release on Wednesday showed.

The news came hours after Treasury Secretary Scott Bessent made a fresh attempt to rein in long-term borrowing costs from multi-year highs — a notable component of the growth in debt. The Treasury said it’s ramping up a buyback program for longer-dated securities, in an announcement that sent yields lower.
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.
Ashton Analytics Founder Anna Ashton.
Stonecourt Capital Partner Rick Davis and Third Way Senior Fellow Caitlin Legacki.
CFTC Chairman Michael Selig.
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 and Canadian Prime Minister Mark Carney expressed optimism about finalizing a tariff agreement as negotiators from both countries met in Washington for further talks.

Trump on Wednesday declared that “we’ve come to a deal with Canada,” saying that Canadian representatives “gave us the points we had to have” on issues including market access for US agricultural products. “It’s all subject to finalization of documents,” the president told reporters at the White House.

Meanwhile, Carney posted that the two sides are “moving towards an agreement that reinforces that Canadian advantage” and secures “the best terms in each of Canada’s most important strategic sectors,” without elaborating on the specifics.
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 US Ambassador to Poland Daniel Fried.
Push Digital Vice President T.W. Arrighi and Former Obama White House Special Assistant Allison Jaslow.
Former New Jersey Governor (R) Chris Christie.
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 insisted Tuesday that there were no talks ongoing with Iran, leaving the simmering conflict in the Middle East and control of the Strait of Hormuz stuck in limbo.

“There are no talks or conversations going on, or scheduled, with the Islamic Republic of Iran,” Trump posted on his social media platform.

On Monday, after the memorandum of understanding that the US and Iran signed in June expired, the president said he would not extend it. The agreement had given the parties a 60-day window to negotiate a lasting peace deal.
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 US National Security Advisor under President Joe Biden Jake Sullivan
Maven Advocacy Co-Founding Partner Jeff Burton and Causeway Strategy Group Principal John McCarthy.
Bloomberg News Senior Editor Bill Faries.
Texas State Representative Gina Hinojosa, Democratic Candidate for Governor of Texas.
See omnystudio.com/listener for privacy information.

A preview of an upcoming meeting at the White House later this week featuring executives from Coinbase, Intercontinental Exchange, CME Group and Nasdaq -- and how it likely won't change much in terms of US crypto policy -- led Bloomberg Intelligence's Aug. 17 Washington Policy Pulse. The meeting -- ahead of a CFTC advisory committee featuring many of the same attendees instead will likely serve as a White House push to emphasize that regulatory clarity can still exist in absence of passage of congressional legislation, which we ascertain a 40% chance of passing in 2026.
We also discussed a SEC request for comment on novel ETFs and how it may speed and slow down approval times for issuers launching new ETFs that involve complex products such as crypto and event-contracts. Finally, we looked at the current Kalshi prediction market odds for the midterm elections, which show that Democrats have a 85% chance of taking the House of Representatives. The Senate remains tighter with the GOP having a 51% chance of retaining that chamber.
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.
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