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.
Fallout from Jensen Huang’s ouster as Nvidia Corp. chief executive officer is reaching deep into Washington, where Commerce Secretary Howard Lutnick is confronting accusations that his department didn’t do enough to keep the company’s prized artificial intelligence chips out of China’s hands.

As the ultimate overseer of US export control programs, Lutnick is accountable for any policy or enforcement gaps that allowed Nvidia’s AI processors to reach unauthorized Chinese buyers. Internal tension over his role burst into the open on Friday when Treasury Secretary Scott Bessent blamed him for failing to blacklist a Singapore-based company, Megaspeed, over possible violations.
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 News White House and Washington Correspondent Jeff Mason.
Former Deputy Director of National Intelligence Lt. Gen. Karen Gibson (Ret.)
Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino and S-3 Group Partner Ashley Davis.
Bloomberg Television Markets Correspondent Norah Mulinda.
Lumbra CEO and Co-Founder Aaron Brown.
Fortius Global Vice President Hannah Muldavin.
Bloomberg Opinion Columnist Gautam Mukunda.
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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 gave a vote of confidence to Commerce Secretary Howard Lutnick, despite reports about his department’s lax efforts to prevent China from obtaining Nvidia Corp.’s advanced artificial intelligence chips.

The White House backed Lutnick on Thursday soon after Jensen Huang was ousted as Nvidia’s chief executive officer following revelations he had an extramarital affair with a suspected Chinese spy. The incident intensified scrutiny of his close relationship with Trump and dealings with the administration.

Trump maintains complete confidence in the secretary and his ability to carry out the position as the most transformative Commerce Secretary in modern history, a White House official, who declined to be named, said in an emailed statement.
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:
Host of Bloomberg Originals' "The Circuit" Emily Chang.
Former White House Special Advisor for AI in the Biden Administration Ben Buchanan.
Bloomberg Washington Correspondent Tyler Kendall.
Stonecourt Capital Partner Rick Davis and Third Way Senior Fellow Caitlin Legacki.
Ashton Analytics Founder Anna Ashton.
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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 wanted to know how Jensen Huang was holding up after admitting to an affair with a woman who may have been a Chinese spy. So on Monday, he spoke with the Nvidia Corp. chief executive officer — and came away satisfied with what he heard.

Recounting the conversation to reporters, the president said that Huang had assured him “he had absolutely no idea that the person in question was a spy.”

“I just know Jensen very well,” Trump said. “I just think he’s a very honorable man.”
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:
Former US Ambassador to the UN Nikki Haley.
Rep. Chris Deluzio (D-PA).
Bloomberg Washington Correspondent Tyler Kendall.
Stonecourt Capital Partner Rick Davis and Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino.
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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 offered full-throated support for Pete Hegseth, signaling that the embattled defense secretary’s job was safe for now amid a congressional effort to impeach him for his conduct of the Iran war.

Republican Representative Thomas Massie introduced a measure on Monday to impeach Hegseth, roughly one week after the president’s party lost its majorities in both chambers of Congress in part because of the conflict in the Persian Gulf.

“He has won the war in two places, two big places, very important, very impactful, and they were won,” Trump told reporters on Monday, referring to Iran and Venezuela. “Really what has Hegseth done?”
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 Joe. Kailey and Tyler speak with:
Stonecourt Capital Partner Rick Davis and Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino.
Rep. Troy Downing (R-MT).
Bloomberg News Senior Editor for Technology and Strategic Industries Michael Shepard.
Former Biden National Economic Council Director Lael Brainard.
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A look at President Donald Trump's agenda -- his primary focus, his statements on working with the Democrats as well as using his veto powers -- led the Nov. 9 Bloomberg Intelligence Washington Policy Pulse. In the coming months, Trump will likely focus on areas of policy that have more presidential control -- such as tariffs and geopolitical matters -- rather than working with the Democrats. We also discussed the upcoming lame-duck period and reiterated our call that the GOP has a 30% chance of completing a reconciliation bill that provides funds for Iran and farm aid. Finally, we discussed upcoming proposals we anticipate from banking regulators, key for the investment banks such as Bank of America, Citigroup, Goldman Sachs as well as regional bansk PNC Financial and Truist.
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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