Balance of Power

4.6 (31)
POLITICS
UPDATED DAILY

Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill. Watch us LIVE on YouTube: http://bit.ly/3vTiACF.

5H AGO

Trump Says US Economy Faces ‘Transition’

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.President Donald Trump said the US economy faces “a period of transition,” deflecting concerns about the risks of a slowdown as his early focus on tariffs and federal job cuts causes market turmoil.Asked on Fox News’ Sunday Morning Futures whether he’s expecting a recession this year, Trump said, “I hate to predict things like that. There is a period of transition, because what we’re doing is very big.”While declining to address the question, Trump’s response broadly aligns with his speech to Congress last week and a flurry of recent comments from top administration officials, including Treasury Secretary Scott Bessent. At the core of the Trump team’s argument is the prospect of tax cuts and tariff revenue down the road that officials contend will spur the economy.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 Politics Contributor Rick Davis and Jeanne Sheehan Zaino following President Donald Trump's comments Sunday that the US economy faces a transition. Republican Congressman Chuck Fleischmann of Tennessee as House Speaker Mike Johnson unveils a stopgap spending plan to avoid a government shutdown. Bloomberg News Canada Government Reporter Brian Platt about the next Prime Minister of Canada. Democratic Congressman Don Beyer of Virginia on the bill he introduced to restore tariff authority to Congress. See omnystudio.com/listener for privacy information.

37 min
3D AGO

US Job Market Softens in February With Higher Unemployment, Moderate Hiring

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.US job growth steadied last month while the unemployment rate rose — a mixed snapshot of a job market hanging in the balance of quickly changing government policy.Nonfarm payrolls increased 151,000 in February after a downward revision to the prior month, according to a Bureau of Labor Statistics report out Friday. The unemployment rate rose to 4.1%.Friday’s report is the latest evidence that the labor market is softening, with more people permanently out of work, fewer workers on federal government payrolls and a jump in those working part-time for economic reasons. The number of Americans holding multiple jobs climbed to a record of nearly 8.9 million.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 International Economics and Policy Correspondent Michael McKee following Federal Reserve Chairman Jerome Powell's speech at the Chicago Booth's 2025 US Monetary Policy Forum. Senior Strategic Advisor and Senior Fellow at the Groundwork Collaborative Kitty Richards about the latest US jobs data. Blockchain Association CEO Kristin Smith about the crypto summit being held at the White House Friday. Bipartisan Policy Center President and CEO and former US Education Secretary Margaret Spellings about President Donald Trump's plans for the Education Department. See omnystudio.com/listener for privacy information.

44 min
4D AGO

Stocks Slump On Trump Tariff Fears

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.The US trade deficit widened to a record in January as companies scrambled to secure goods from overseas before President Donald Trump imposed tariffs on America’s largest trading partners.The gap in goods and services trade widened 34% from the prior month to $131.4 billion, Commerce Department data showed Thursday. The deficit was larger than all but one estimate in a Bloomberg survey of economists.The value of imports rose 10% to a record $401.2 billion, while exports increased 1.2%. The figures aren’t adjusted for inflation.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 International Economics and Policy Correspondent Michael McKee about the latest US trade data. Republican Congressman Ryan Mackenzie of Pennsylvania about the possible impacts of tariffs on his district. Republican Strategist Jon Seaton and Democratic Strategist Brad Howard about the latest DOGE actions. Bloomberg Stock Market Reporter Norah Mulinda as volatility rises in the stock market. Bloomberg Intelligence Senior US Policy Analyst Nathan Dean as President Donald Trump delays tariffs on Canada and Mexico for goods covered by USMCA. See omnystudio.com/listener for privacy information.

42 min
5D AGO

Trump Delays Canada, Mexico Auto Tariffs For One Month

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.President Donald Trump is exempting automakers from newly imposed tariffs on Mexico and Canada for one month, the White House said Wednesday, as a temporary reprieve following pleas from industry leaders.“We are going to give a one-month exemption on any autos coming through USMCA,” White House Press Secretary Karoline Leavitt said, referring to the trade deal Trump negotiated with Canada and Mexico in his first term. “Reciprocal tariffs will still go into effect on April, 2, but at the request of the companies associated with USMCA, the president is giving them an exemption for one month so they are not at an economic disadvantage.”Administration officials had met Tuesday to discuss the matter with the heads of Ford Motor Co., General Motors Co. and Stellantis NV, according to people familiar with the matter, who weren’t authorized to share the details publicly. 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: S-3 Group Partner and Republican Strategist Ashley Davis about President Donald Trump's address to Congress Tuesday night. Boston Political Analyst and Host of "Keller @ Large" Jon Keller as Democratic Mayors testify on Capitol Hill. Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino as the White House moves to delay tariffs on Canada and Mexico autos for one month. Former Director of the Cyber Threat Intelligence Integration Center Laura Galante following the House Select Committee on the Chinese Communist Party hosted a hearing on Chinese cyber capabilities. Republican Senator Shelley Moore Capito of West Virginia about her reaction to Trump's speech. Former US Treasury Secretary Lawrence H. Summers about Trump's policy actions and the impact on the dollar. See omnystudio.com/listener for privacy information.

1h 7m
6D AGO

Day One of Trump’s Trade War

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. On this edition, Joe and Kailey speak with: Bloomberg White House Correspondent Josh Wingrove as President Donald Trump widens his tariff war. OPIS Global Head of Energy Analysis Tom Kloza about the impact of Trump's tariffs on energy markets. Republican Congressman Mark Alford of Missouri ahead of Trump's address to a joint session of Congress Tuesday night. Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino about what to expect from Trump's speech. Wiley Rein Partner and former General Counsel for the Office of the United States Trade Representative Greta Peisch about the economic impact of the tariffs. See omnystudio.com/listener for privacy information.

56 min
MAR 3

Canada, Mexico Face US Tariff Deadline

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. On this edition, Joe and Kailey speak with: Managing Director of Policy and Advocacy at the Groundwork Collaborative Liz Pancotti about President Donald Trump's latest tariff announcement. Beacon Global Strategies Managing Director Michael Allen about the latest developments from Ukraine following Friday's meeting between Trump and Ukrainian President Volodymyr Zelenskiy. Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino ahead of Trump's address to a joint session of Congress Tuesday night. See omnystudio.com/listener for privacy information.

39 min
FEB 28

Trump, Zelenskiy Meeting Turns Into Argument; Mineral Deal Falls Through

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. Plans to sign a critical minerals deal between the US and Ukraine were scrapped after Donald Trump’s meeting Friday with Volodymyr Zelenskiy quickly devolved into a fiery exchange over the Ukrainian leader’s doubts that the US president’s efforts to broker a deal with Russia would yield lasting peace. Zelenskiy departed the White House following the public spat, and a planned signing ceremony and press conference were canceled. US officials said the minerals deal - which Trump had cast as a necessary step to repay American support as he sought to broker a deal with Russia’s Vladimir Putin - was not signed before Zelenskiy’s departure. “He disrespected the United States of America in its cherished Oval Office. He can come back when he is ready for Peace,” Trump said in a social media post shortly before Zelenskiy’s departure. The Ukrainian leader angered Trump and US Vice President JD Vance when he said he did not believe the planned deal would do enough to deter further Russian aggression. “Putin will never stop and will go further and further,” Zelenskiy said, adding that the Russian leader “hates Ukrainians” and wanted to destroy the country. “We can do it, but it’s not enough,” he added of the deal. On this special edition of Balance of Power, Joe and Kailey get instant reaction and analysis to the dramatic moment between Trump and Zelenskiy in the Oval Office with: Nick Wadhams, Bloomberg US National Security Team Lead Daniel Fried, Distinguished Fellow at the Atlantic Council/Former-US Ambassador to Poland/Former-Assistant Secretary of State for Europe Rick Davis, Partner at Stonecourt Capital and Bloomberg Politics Contributor & Jeanne Sheehan Zaino, Senior Democracy Fellow with the Center for the Study of the Presidency & Congress and Bloomberg Politics Contributor Kelly Grieco, Senior Fellow with the Stimson Center’s Reimagining US Grand Strategy Program See omnystudio.com/listener for privacy information.

50 min
FEB 27

UK's Starmer Visits the White House

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. On this edition, Joe and Kailey speak with: Greenwich Media Strategies Founder Hagar Chemali as UK Prime Minister Keir Starmer visits the White House for meetings with President Donald Trump. Bloomberg Politics Contributor Jeanne Sheehan Zaino and Republican Strategist Chapin Fay about peace options between Ukraine and Russia. Bloomberg Senior Editor for Technology and Strategic Industries Michael Shepard about US export controls following Nvidia's earnings report. See omnystudio.com/listener for privacy information.

32 min

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4.6

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Essential listening!

02/01/2019

BigDfromCda

Best way to keep up to date on all things Economy. Perfect podcast for the ride Ho e or morning commute

Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill. Watch us LIVE on YouTube: http://bit.ly/3vTiACF.

Channel

Bloomberg
Creator

Bloomberg
Years Active

2019 - 2025
Episodes

1.6K
Rating

Clean
Copyright

2025 iHeartMedia, Inc. © Any use of this intellectual property for text and data mining or computational analysis including as training material for artificial intelligence systems is strictly prohibited without express written consent from iHeartMedia
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Balance of Power
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Bloomberg L.P.