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 not attack Iran ahead of November’s midterm elections, citing what he said were “productive discussions” with the Islamic Republic.

“We will not be attacking Iran at any time prior to the Midterm Elections to be held in the United States on November 3rd,” Trump said in a social media post Thursday.

The president’s comments amounted to an unusual blending of US national security issues and domestic politics. And his decision to lay off new strikes comes despite Iran ramping up attacks on tankers in the Strait of Hormuz, Tehran-backed militants in Yemen attacking energy facilities in Saudi Arabia and the president’s decision to move US bombers from a base in the United Kingdom because of possible Iran-linked threats.
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.
Cohen Group Senior Advisor Jen Gavito.
Stonecourt Capital Partner Rick Davis and Messina Group Vice President Hannah Muldavin.
Florida Democratic Candidate for Governor David Jolly.
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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.
Texas Governor Greg Abbott is planning to skip a political rally in San Antonio headlined by President Donald Trump, declining a chance to appear with the country’s highest-profile Republican as his reelection bid faces a surprisingly strong challenge from Democrat Gina Hinojosa.

Abbott, a longtime Trump ally and GOP stalwart, will instead hold campaign events in Jasper, a city of about 7,500 near the Louisiana border, and College Station, where he will appear at a barbecue described by its organizers as having a maximum capacity of 250. The barbecue will start around the same time as the Trump rally.

“I already have events scheduled that day and will not be able to make it,” Abbott told reporters Monday.
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 Maven Advocacy Co-Founding Partner Jeff Burton.
Israeli Ambassador to the United Nations Danny Danon.
Bloomberg News Reporter Dan Williams.
Bloomberg News Senior Editor Bill Faries.
The Cook Political Reporter Editor Jessica Taylor.
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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.
Republicans are bolstering US Senator Darline Graham’s campaign for a full term amid increasing concern that the race in South Carolina, traditionally a conservative stronghold, is tightening ahead of the Nov. 3 election.

Some in the party are worried that the state of the contest, for a seat that her late brother Lindsey Graham held for more than two decades, is in jeopardy, according to people familiar with the situation.

The Senate Leadership Fund, a Republican super PAC, is shifting $5 million to the race to support Graham, according to another person familiar with the matter. Two people who asked not to be identified downplayed the move — reported earlier by Axios — as more of a precautionary measure, meant to ensure Republicans are not taking South Carolina for granted.
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 Brad Knott of North Carolina.
Stonecourt Capital Partner Rick Davis and Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino.
Democratic Congressman Joe Morelle of New York.
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A look at the final actions of the Senate -- including releasing a bipartisan energy permitting bill -- as well as looking at regulatory rulemakings geared towards enhancing institutional adoption of the crypto sector led Bloomberg Intelligence's Washington Policy Pulse on Oct. 5. The energy bill aims to speed up permitting reviews for new infrastructure projects, including making data centers pay for their transmission costs, will likely see a vote in the forthcoming lame-duck period in November.
We also looked at the SEC's most recent proposals related to accredited investor and crypto custody and how the SEC plans to finalize them in 2027. The accredited investor proposal probably won't lead to a material increase in new growth for alternative asset managers. Finally, we previewed a Trump action on farm aid, which we think will be tied to cutting diesel costs. Yet we caution most federal actions over lowering the price of diesel are limited in scope.
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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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 is preparing to ease limits restricting the use of a tax-exempt variety of diesel, his latest bid to pare costs for the essential fuel ahead of the November midterm elections.

The Trump administration is expected to unveil the plan targeting so-called red dyed diesel on Monday, according to people familiar with the matter, who asked not to be named before a public announcement.

The plan effectively would allow more widespread use of red or dyed diesel, which is generally available for off-road purposes, such as in farm and construction equipment.
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 Acting White House Chief of Staff Mick Mulvaney
Stonecourt Capital Partner Rick Davis and Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino.
Gulf Oil Chief Energy Advisor Tom Kloza.
Bloomberg News Supreme Court Reporter Greg Stohr.
See omnystudio.com/listener for privacy information.