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.
President Donald Trump said the US would probably launch further strikes on Iran and could resume a blockade on the country’s ports, ratcheting up pressure on Tehran and raising the prospect of a return to all-out war.

“We hit them very hard last night,” Trump said Wednesday on the sidelines of the NATO summit in Ankara, Turkey. “Probably hit them hard again tonight.”

Trump spoke hours after the US launched strikes on Iran, with almost 40 fighter jets — F-35s, F-15s, F-16s and F/A-18s as well as drones — hitting targets with precision-guided weapons, according to a US official.
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 Chief Political Correspondent Annmarie Hordern.
Carnegie Endowment for International Peace Senior Fellow Aaron David Miller.
Stonecourt Capital Partner Rick Davis and Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino.
Bloomberg TV Markets Correspondent Norah Mulinda.
Former Republican Congressman Patrick McHenry.
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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.
NATO allies have agreed to at least $50 billion in defense industry deals, according to an alliance official, to show to US President Donald Trump that Europe is heeding his spending demands.

Secretary General Mark Rutte revealed some of the contracts on Tuesday during a defense industry forum in Ankara, Turkey’s capital, where the military alliance’s leaders are meeting for their annual summit this week. Those included $12 billion in deals to buy next-generation drones, surveillance planes and military aircraft.

Notably, some of the contracts show Europe moving to locally source some equipment it previously bought from the US. Eleven countries, for instance, will now buy airborne radar-detection systems from Swedish aerospace firm Saab AB, replacing a US-made Boeing Co. model. The deal is worth $5 billion, according to a NATO diplomat.
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 Chief Political Correspondent Annmarie Hordern.
Atlantic Council Nonresident Senior Fellow Melinda Haring.
Stonecourt Capital Partner Rick Davis and Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino.
EqualAI President and CEO Miriam Vogel.
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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 will meet with Ukrainian President Volodymyr Zelenskyy at a NATO summit in Turkey on Wednesday that will be charged with tension over the US leader’s views on Greenland, European defense spending and the Iran war.

Trump arrives in Turkey on Tuesday, when he will meet with President Recep Tayyip Erdogan before a summit with the full defense alliance the next day, White House spokesperson Anna Kelly said.

Trump, who has had an up-and-down relationship with Zelenskyy, had pledged as a presidential candidate to end Russia’s war with Ukraine within a day once he returned to office. He has been frustrated by an inability to do that.
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 NATO Ivo Daalder.
Bloomberg News Business of Sports Reporter Randall Williams.
BGR Group Principal Lester Munson and Vantage Global Media Founder Jamie Jackson.
SMBC Americas Chief Economist Joe Lavorgna.
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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 hiring slowed sharply in June even as the unemployment rate fell, curbing some of the budding momentum in job growth this year.

Nonfarm payrolls increased 57,000 last month after downward revisions to the prior two months took some of the shine off recent blockbuster reports, Bureau of Labor Statistics data Thursday showed. The unemployment rate fell to 4.2% as labor force participation plunged.
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 Michael McKee.
Republican Congressman Jason Smith of Missouri, House Ways and Means Committee Chairman.
Stonecourt Capital Partner Rick Davis and Democratic Strategist Matt Robison.
Democratic Congresswoman Suzan DelBene of Washington, Democratic Congressional Campaign Committee Chair.
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 negotiators had made progress in indirect talks with Iran, as the two countries seek to move past last week’s tit-for-tat strikes and convert their interim truce into a lasting peace.

Trump’s son-in-law Jared Kushner and envoy Steve Witkoff visited Qatar on Tuesday for technical discussions on the initial agreement, which set a 60-day negotiating period between Washington and Tehran.

“They’ve had very good meetings, and we’ll see. We hit them very hard for three nights, as you know, but we’re getting along very well, so I call it the denuclearization, and it’s all taking place,” Trump said, without specifying what, if any, breakthroughs were made.
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 and Washington Correspondent Jeff Mason.
Rebelle Communications CEO Laura Fink and Digital Push Vice President T.W. Arrighi.
Former Republican Congressman Patrick McHenry.
Bloomberg Television Markets Correspondent Norah Mulinda.
National Association of Manufacturers President Jay Timmons.
See omnystudio.com/listener for privacy information.