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.
US President Donald Trump is pushing Iran to reach a deal with Oman on the Strait of Hormuz as soon as Tuesday, or face devastating air strikes.

“I want to give them every last chance before decapitation,” Trump told reporters on Monday. “You’ll find out today or tomorrow. I mean, they’re going to go quickly, one way or the other. It’s not very complex.”

This is a “last chance” for Iran to come to an agreement, the president said, after he called off what he described as a major attack on the Islamic Republic over the weekend that would have likely involved Israel.
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 Politics Team Lead Jordan Fabian.
American Petroleum Institute President and CEO Mike Sommers.
Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino and Stonecourt Capital Partner Rick Davis.
Bloomberg Tech Co-Host Ed Ludlow.
Brookings Institution Vice President Suzanne Maloney.
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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 said his latest offer of talks is a “last chance” for Iran after he called off what he said was a major attack on the Islamic Republic.

Iran denied it was negotiating with the US, but said talks with Oman to get more ships moving through the Strait of Hormuz are making progress.

Despite the conflicting signals, the suggestions of renewed diplomacy pushed oil prices lower on Monday, with Brent crude down about 4.6% to just under $84 a barrel.
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 Politics Team Lead Jordan Fabian.
Beacon Global Strategies Managing Director Michael Allen.
Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino and Stonecourt Capital Partner Rick Davis.
Bloomberg Intelligence Senior US Policy Analyst Nathan Dean.
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With the Senate entering its final week before the the August recess, political discussions over a cryptocurrnecy market structure bill -- ahead of a potential procedural vote this week -- led Bloomberg Intelligence's August 3 Washington Policy Pulse. A vote that gains more than 60 Senators would likely just kick the can on negotiations during the recess. Failure could keep the regulatory landscape for firms like Coinbase, Robinhood and other platforms murky for the next few years.
We also discussed the latest on a government shutdown and Senate efforts to unlock a $95 billion reconciliation bill that would aid contractors like Lockheed Martin, RTX and Northrop Grumman.
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.
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.

President Donald Trump said he’s losing confidence in Iranian negotiators, the latest sign that the renewal of armed hostilities in the Middle East could drag on. Speaking during a Cabinet meeting on Friday, Trump took issue with missile attacks that Iran launched earlier this week against US forces in Jordan that ended a multi-day pause in fighting. “I’m losing faith in them because they do lie and do, they do misrepresent,” Trump told reporters during the meeting at the Camp David presidential retreat in Maryland.
Meanwhile, Michigan’s Senate primary is emerging as the biggest test yet of whether the Democrats’ progressive wing can notch a major victory in a presidential battleground heading into 2028 — or if the movement’s historic shortfall with Black voters will undercut its national ambitions.
On this edition, Joe and Kailey speak with:
Tyler Kendall, Bloomberg Washington Correspondent
Gen. Wesley Clark, Retired Four-Star General in the US Army, Served as Commander of US Southern Command, founder of Wesley K. Clark and Associates
Jeanne Sheehan Zaino, Democracy Visiting Fellow at Harvard Kennedy School's Ash Center and Bloomberg Politics Contributor & Leslie Shedd, President of Rising Communications and Republican Strategist
Spencer Kimball, Director of the Emerson College Polling Center
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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 said he is open to the possibility of temporarily withdrawing Todd Blanche’s nomination as attorney general amid opposition from two Republican senators, suggesting he could renominate his pick after those lawmakers departed office.

Trump’s comments come amid a delay in the confirmation process for Blanche, currently serving as the acting attorney general, to take the role on a permanent basis.

Republican Senators Thom Tillis of North Carolina and John Cornyn of Texas are demanding written guarantees that plans for a $1.8 billion fund to pay victims of alleged government weaponization are being scrapped. They also want assurances that a provision in a legal settlement giving Trump, members of his family and his businesses immunity from past Internal Revenue Service audits would not apply to third parties. Trump reached a settlement with the IRS over leaks of his tax information in 2019.
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 Democratic Congresswoman and Ranking Member of the House Intelligence Committee Jane Harman.
Maywood Strategies Principal Douglas Farrar and Jersey 1st Founder Rosemary Becchi.
Bloomberg Tech Host Ed Ludlow.
Former Republican Congressman Patrick McHenry, Bloomberg Contributor.
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