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 House passed stopgap funding to keep the government open past the midterm elections, though the measure now faces demands for changes in the Senate.

Government funding is currently set to run out after Sept. 30. The legislation, passed Tuesday on a 220 to 205 vote, would extend that through Dec. 4.

Speaker Mike Johnson was able to unite House Republicans in the face of opposition from minority Democrats, who argued the bill contained a loophole which could allow the administration to add more funding for immigration raids.
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:
Republican Senator Ted Budd of North Carolina.
Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino and Echo Canyon Consulting Founder Jon Seaton.
Republican Congressman Bryan Steil of Wisconsin.
Center for Strategic and International Studies Director Mona Yacoubian.
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.
House passage yesterday of a stopgap measure marks the first step in congressional wrangling over how to avoid a government shutdown this fall, even if the legislation changes before it reaches President Donald Trump’s desk.

Government funding set to run out after Sept. 30 would be extended through Dec. 4 under the legislation, which passed on a 220-205 vote.

Democrats largely opposed the measure (H.R. 9770), citing the lack of technical language from a past funding extension for the Department of Homeland Security that explicitly zeroes out funding for immigration enforcement agencies after deadly shootings by those officers.
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.
Republican Congressman Chip Roy of Texas.
Former Republican Congressman Patrick McHenry, Bloomberg Contributor.
Port of Long Beach CEO Noel Hacegaba.
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 minimized the prospect of immediate talks with Iran as the two sides exchanged strikes and Houthi militants in Yemen threatened shipping in the Red Sea.

Trump vowed on Tuesday to respond if the Iran-backed group disrupted that waterway, but didn’t specify how.

His comments came after the 10th day of US and Iranian attacks and as mediators continued efforts to restart negotiations. Oil prices ticked higher amid the threats to key routes for global energy supplies.
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.
Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino and Rising Communications President Leslie Shedd.
Republican Congressman Byron Donalds of Florida.
See omnystudio.com/listener for privacy information.

A look at the National Defense Authorization Act -- which could be voted upon by the House of Representatives this week -- led Bloomberg Intelligence's July 20 Washington Policy Pulse -- with a highlight of a Senate provision that would prohibit firms that contract with the Department of Defense from conducting stock buybacks or pay dividends. We think that the language, as written, could -- subject to liberal interpretation -- could apply to more firms than just defense contractors.
We also previewed what the US Trade Representative may do later this week as the deadline for President Donald Trump's Section 122 tariffs comes on July 24. We expect tariffs will be shifted to Section 301 tariffs, and could represent an increase for firms like Nike, Adidas, Lululemon and peers.
Finally, we discussed the House budget reconciliation efforts -- which aims to provide up to $60 billion in funds for the conflict with Iran -- and how that effort may struggle to become law.
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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 vowed that Iran “will pay” for killing three US soldiers in recent days, even as mediators proposed a new truce with the Middle East war widening further.

“Every time Iran kills an American Soldier they will pay for that killing many times over!” Trump wrote on social media on Monday.

White House Press Secretary Karoline Leavitt also said the president will attend a dignified transfer ceremony for “our fallen heroes” on Tuesday evening.
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.
Stonecourt Capital Partner Rick Davis and Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino.
Republican Congressman Mike Flood of Nebraska.
See omnystudio.com/listener for privacy information.