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 Homeland Security will immediately pull 700 officers from Minneapolis, a reduction of about a quarter, amid efforts to deescalate tensions after federal agents killed two US citizens.

White House border czar Tom Homan, who President Donald Trump sent to Minneapolis as part of an effort to ease pressure amid local outrage, emphasized a shift to more targeted enforcement after a surge of immigration agents sparked widespread protests. Homan also said cooperation with local authorities to detain immigrants with criminal records had improved.

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 speaks with:
Bloomberg Washington Correspondent Tyler Kendall.
Former New Orleans Mayor Mitch Landrieu.
Stonecourt Capital Partner Rick Davis and Harvard Kennedy School's Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino.
Former Deputy Assistant Secretary of State for the Bureau of European and Eurasian Affairs Heather Conley.
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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 partial US government shutdown is on track to end later Tuesday after the House passed a funding deal President Donald Trump negotiated with Senate Democrats, overcoming opposition from both ends of the political spectrum.

The spending package, which Trump has said he wants enacted quickly, now goes to the president for his signature. The House vote was 217 to 214.

Still, a more limited funding lapse looms since the Department of Homeland Security would only be funded through Feb. 13 while Trump negotiates with Democrats over their demands for new restraints on immigration enforcement agents. The rest of the government would be funded through the Sept. 30 end of the fiscal year.

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 speaks with:
Bloomberg Washington Correspondent Tyler Kendall.
Republican Congresswoman Erin Houchin of Indiana.
Stonecourt Capital Partner Rick Davis and Harvard Kennedy School's Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino.
Republican Senator John Cornyn of Texas.
Obama 2012 Campaign Manager Jim Messina.
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Our view that the US government partial shutdown will likely end this week -- with the bulk of the US government funded for the rest of the fiscal year -- led Bloomberg Intelligence's Feb. 2 edition of the Washington Policy Pulse. We also discussed the confirmation process and how it could play out for President Donald Trump's nomination of Kevin Warsh to be the next Chairman of the Federal Reserve, especially in light of Senator Thom Tillis's desire to block the nomination at the Senate Banking Committee. Finally, we discussed upcoming testimony from Treasury Secretary Scott Bessent on regulation for banks like Bank of America, Citigroup and Wells Fargo.

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.

House leaders are scrambling to pass a bipartisan deal to end a partial government shutdown by funding the majority of agencies through September with the exception of the Department of Homeland Security.
The House Rules Committee will meet at 4 p.m. today on the latest version of the spending measure blessed by President Donald Trump, but it will be a heavy lift.

The five full-year funding bills in the deal — Defense, Labor-HHS-Education, Transportation-HUD, Financial Services-General Government, and National Security-State — passed the House last month by a bipartisan vote of 341-88. But the circumstances are different this time around with the inclusion of the two-week DHS stopgap.

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 speaks with:
Bloomberg Congressional Reporter Erik Wasson.
US Representative-Elect Christian Menefee of Texas.
Stonecourt Capital Partner Rick Davis and Harvard Kennedy School's Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino.
Democratic Congressman Suhas Subramanyam of Virginia.
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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 named Kevin Warsh to be the next chair of the Federal Reserve, ending months of speculation over who’d take charge of US interest rates as the president pushes for big cuts.

Trump elevated Warsh, who’s advised him on economic policy and previously served as a Fed governor, to succeed Jerome Powell when his term at the helm ends in May. It marks a comeback for Warsh, 55, who’s called for a major overhaul of the Fed but was passed over for the top job in 2017 when Trump opted for Powell.

If confirmed by the Senate, Warsh will take the reins at a time when many economists and investors see the Fed’s traditional insulation from elected officials as being under threat from the White House. Warsh aligned himself with Trump in 2025 by arguing publicly for lower rates, going against his longstanding reputation as an inflation hawk.

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 Washington Correspondent Tyler Kendall.
Former White House Council of Economic Advisers Member Heather Boushey.
Harvard Kennedy School's Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino and Firehouse Strategies Managing Director Matt Terrill.
Center for Strategic and International Studies Economic Security and Technology Department President Navin Girishankar.
House Financial Services Committee Chairman French Hill.
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