Big Take

On Sunday night, Federal Reserve Chair Jerome Powell announced that the US Department of Justice had served the Fed with grand jury subpoenas threatening a criminal indictment over a costly renovation of the central bank’s building. It was a watershed moment in the escalating tension between the Trump administration and the US central bank. On today’s Big Take podcast, host David Gura sits down with Fed reporters Amara Omeokwe and Enda Curran to discuss what this means for one of the most important financial institutions in the world, for Powell, for the White House — and where things could go from here. Read more: Fed Served With DOJ Subpoenas; Powell Vows to Stand Firm Former Fed Chairs, Treasury Secretaries Condemn Powell Probe Trump Faces Fed Roadblock as Republicans Blast Justice Probe Hosted by David Gura; Produced by Rachael Lewis-Krisky; Reported by Amara Omeokwe and Enda Curran; Edited by Naomi Shavin. Fact-checking by David Fox and Julia Press; Engineering by Alex Sugiura. Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.See omnystudio.com/listener for privacy information.

After the Trump Administration’s strike on Venezuela and the arrest of President Nicolás Maduro, there’s one word on everyone’s mind: oil. President Trump has big plans for the country’s vast reserves, which today account for just 1% percent of global production. On today’s Big Take podcast, host David Gura and Bloomberg Opinion’s Javier Blas talk through the Trump Administration’s gamble on Venezuela’s oil, how the president plans to convince the energy industry to invest in the country’s aging infrastructure, and why its resources are key to the administration’s plans at home and abroad. Read more: Forget the Naysayers, Venezuela Offers Quick Oil Wins Listen more: Oil Prices Could Get Cheaper Despite Venezuela Blockade Hosted by David Gura; Produced by Rachael Lewis-Krisky; Reported by Javier Blas; Edited by Paddy Hirsch and Simon Casey. Fact-checking by Eleanor Harrison-Dengate; Engineering by Katie McMurran. Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.See omnystudio.com/listener for privacy information.

Within days of the US raid on Venezuela, President Donald Trump and his administration turned their attention to Greenland, renewing European fears that the US would try to take territory belonging to its longtime NATO ally, Denmark. On today’s Big Take podcast, Bloomberg’s Sanne Wass in Denmark and Joe Deaux, who covers Greenland, join host Sarah Holder to discuss what days of escalating rhetoric around the strategically located Arctic island could mean for Denmark, Russia and the future of NATO. See omnystudio.com/listener for privacy information.

The US House of Representatives will vote today on whether to extend subsidies for the Affordable Care Act that bring down health care costs for millions of Americans. The subsidies expired at the end of December, and lawmakers returned to Capitol Hill after their winter break just as divided over the issue as they were before the holidays. On today’s Big Take podcast, Bloomberg Congress reporter Caitlin Reilly joins host David Gura to discuss the sticking points between Republicans and Democrats and where that stalemate leaves Americans who rely on ACA subsidies in the final weeks of open enrollment. Read more: House Backs Renewing Health Subsidies, Defying Republican Leaders Hosted by David Gura Produced by Julia Press Reported by Caitlin Reilly Edited by Tracey Samuelson Fact-checking by Eleanor Harrison-Dengate Engineering by Alex SugiuraSenior Producer: Naomi Shavin Deputy Executive Producer: Julia Weaver Executive Producer: Nicole BeemsterboerSee omnystudio.com/listener for privacy information.

The US strike on Venezuela and capture of President Nicolás Maduro sent shockwaves across the globe — particularly in China, Venezuela’s top crude buyer and creditor. On today’s Big Take Asia Podcast, Bloomberg’s Jenni Marsh and host K. Oanh Ha talk through what the intervention means for China’s strategic ties and oil supplies and how the military strike could change Beijing’s stance toward Taiwan. Read more: Xi Faces Higher Costs in Taiwan Than Trump Does in Venezuela Further listening: How the Fall of Maduro Could Echo Around the World Hosted by K. Oanh Ha; Produced by Naomi Ng, Eleanor Harrison-Dengate, Rachael Lewis-Krisky; Reported by Jenni Marsh; Edited by Jeff Grocott, Emma O’Brien, Daniel Ten Kate, John Liu. Fact-checking by editorial team; Engineering by Alex Sugiura. Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.See omnystudio.com/listener for privacy information.