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. Republican Party leaders are ru…

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF. A sharply divided US Supreme Court limited the power of judges to block government policies nationwide but left unresolved a fight over President Donald Trump’s restrictions on automatic birthright citizenship. The 6-3 ruling Friday said Trump’s restrictions on birthright citize…

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF. A Senate rulekeeper determination that several major provisions focused on cutting Medicaid spending violate the chamber’s rules deals a heavy blow to Senate Republicans’ tax and spending bill. Senators have been scrambling to finalize their tax bill—a major priority for Preside…

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF. House Republicans from high-tax states signaled they’re inching closer to a deal on the state and local tax deduction following a Wednesday meeting with Treasury Secretary Scott Bessent. Young Kim of California and Andrew Garbarino of New York both said they made progress at the…

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF. Israel and Iran appeared to be honoring a ceasefire agreement unexpectedly announced by Donald Trump overnight, after the US president reacted angrily to reports of early breaches of the deal by both sides. Israeli Prime Minister Benjamin Netanyahu agreed to hold off on further …

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF. President Donald Trump raised hopes of de-escalating the Middle East conflict after Iran’s strike against a US base, saying the attack was “very weak” and telegraphed ahead of time by Tehran. “I want to thank Iran for giving us early notice, which made it possible for no lives t…

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF. US President Donald Trump signaled he would give diplomacy a chance before deciding whether to strike Iran, dialing back on recent comments that suggested military action could be imminent. “Based on the fact that there’s a substantial chance of negotiations that may or may not …

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF. President Donald Trump said he would hold another meeting Wednesday to discuss the conflict in the Middle East but remained coy about whether the US plans to join Israel’s offensive aimed at destroying Iran’s nuclear enrichment program. Trump told reporters he would meet his adv…

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF. Israel and the US are ratcheting up pressure on Iran, sparking fresh speculation that Washington could be preparing to join in the attack launched by its closest Middle East ally. President Donald Trump said he wants a permanent end to Iran’s path to a nuclear weapon, after an e…

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF. Israel will pursue its military operations against Iran regardless of the progress of any potential negotiations involving the US, Israeli Strategic Affairs Minister Ron Dermer said in an interview on Bloomberg Television. “We’re going to go about our operation to remove these t…

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF. Israel launched strikes across Iran on Friday morning, targeting nuclear facilities and killing top military commanders in a major escalation against its chief adversary that risks sparking a broad war in the Middle East. The strikes were far more extensive than those Israel car…

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF. President Donald Trump said Israel “could very well” strike Iran but that he had advised against an attack while negotiations were ongoing, as the departure of US staff from the region fans concerns about a coming assault. “I don’t want to say imminent, but it looks like it’s so…

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF. General Motors Co. plans to invest $4 billion in its US plants over the next two years in response to President Donald Trump’s tariffs in a move that reduces production in Mexico while boosting domestic output of some of its some of its top-selling gas-powered vehicles. The spen…

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF. Any Senate tax bill that doesn’t exempt taxes on tips and overtime would be “dead on arrival” in the House, Ways and Means Chair Jason Smith (R-Mo.) said today on Bloomberg. GOP Sens. including Thom Tillis (N.C.) and Lindsey Graham (S.C.) expressed skepticism about the cost and …

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF. Trade talks between the US and China will continue into a second day, according to a US official, as the two sides look to ease tensions over shipments of technology and rare earth elements. Representatives for both nations ended their first day of negotiations in London after m…

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF. When Elon Musk and Donald Trump joined forces during the presidential campaign, there was always a question over how long their alliance would last and who would prevail if it didn’t work out. After the public spat between the world’s richest man and its most-powerful leader spu…

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF. President Donald Trump proposed ending Elon Musk’s government contracts and subsidies, escalating the war of words between the world’s richest man and the president he helped elect. “The easiest way to save money in our Budget, Billions and Billions of Dollars, is to terminate E…

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF. The House-passed version of President Donald Trump’s tax and spending bill would add $2.42 trillion to US budget deficits over the next decade, according to a new estimate from the nonpartisan Congressional Budget Office. The CBO’s calculation, released Wednesday in its so-calle…

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF. President Donald Trump worked the phones Monday and took to social media to try to sway Republican holdouts on his multi-trillion dollar tax bill, encountering conflicting demands from GOP senators even as he urged them to move swiftly. The legislation, which last month passed t…

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF. Significant changes are in store for President Donald Trump’s signature $3.9 trillion tax-cut bill as the Senate begins closed-door talks this week on legislation that squeaked through the House by a single vote. Senate Republican leaders are aiming to make permanent many of the…

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF. Elon Musk said he will continue to advise President Donald Trump even after stepping away from the Department of Government Efficiency effort he has spearheaded. “I expect to remain a friend and an adviser, and hopefully, if there’s anything the president wants me to do, I’m at …

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF. President Donald Trump pushed Federal Reserve Chair Jerome Powell to lower interest rates at their first in-person meeting since the president’s inauguration, the White House said. The president told Powell that he believes the Fed chair is making a mistake by not lowering rates…

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF. The White House will ask Congress next week to enact $9 billion of spending cuts into law — a small portion of the $175 billion in savings that Elon Musk’s Department of Government Efficiency claims to have found. The cuts — first floated in April but waylaid amid efforts in the…

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF. New sanctions against Russia are “absolutely” under consideration, President Donald Trump told reporters after Moscow launched its largest drone barrage in the war against Ukraine during a third night of strikes. Trump has grown visibly frustrated with Russian President Vladimir…

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF. President Donald Trump dug in on his threat to impose a 50% tariff on the European Union and said a potential 25% charge on imported Apple Inc. smartphones would also apply to Samsung Corp. devices if they do not move production to the US. Trump said Friday in a social media pos…

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF. President Donald Trump’s signature tax bill narrowly passed the House Thursday morning, advancing a sprawling multi-trillion dollar package that would avert a year-end tax increase at the expense of adding to the US debt burden. The bill now heads to the Senate, where groups of …

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF. The White House amped up the pressure on Republicans on Wednesday urging lawmakers to quickly approve President Donald Trump’s signature tax bill, adding that a failure to do so would be the “ultimate betrayal.” “The House of Representatives should immediately pass this bill to …

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…

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF. President Donald Trump said that Moscow and Kyiv would begin talks “immediately” on ending the war in Ukraine after a phone call with Russian President Vladimir Putin on Monday. “Russia and Ukraine will immediately start negotiations toward a Ceasefire and, more importantly, an …

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF. House Republicans’ reconciliation package hit a wall in the Budget Committee, where conservatives may block the measure today over complaints that it front-loads tax cuts and delays spending reductions. There are at least three conservative members on the panel who oppose the bi…

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF. House Republicans are close to reaching an agreement on the state and local tax deduction, aiming to pass the tax bill next week, Speaker Mike Johnson says. Talks over SALT are on track to continue over the weekend, he tells reporters. Bloomberg Washington Correspondents Joe Mat…

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, Kailey speaks …

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF. President Donald Trump’s campaign tax pledges — no taxes on tips and overtime pay, plus new tax breaks for car buyers and seniors — are the centerpiece of a multitrillion dollar package that will serve as Republicans’ signature legislative effort. In a draft version of the tax b…

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF. The US and China will temporarily lower tariffs on each other’s products in a dramatic ratcheting down of trade tensions that buys the world’s two largest economies three months to work toward a broader agreement. The combined 145% US levies on most Chinese imports will be reduc…

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF. US President Donald Trump floated an 80% tariff on China ahead of negotiations due to begin Saturday as he urged Beijing to do more to open their markets to US goods. “80% Tariff on China seems right! Up to Scott B,” Trump said in a social-media post Friday morning, referring to…

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF. Cardinal Robert Francis Prevost was elected as Roman Catholic pontiff, the first ever pope from the US and a possible bridge between the moderate and hardline sides of a divided Church. Prevost, 69, chose the name of Leo XIV for his pontificate and was greeted by thousands of ch…

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF. Treasury Secretary Scott Bessent, as top spokesman for President Donald Trump’s economic policies, endured a sometimes-fiery hearing at the House Wednesday, peppered with Democratic legislators’ objections to initiatives including DOGE and tariff hikes on consumer products. In h…

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF. US President Donald Trump said he would prescribe tariff levels and trade concessions for partners looking to avoid higher duties, appearing to move away from the idea that he would engage in back-and-forth negotiations. “We’re going to put very fair numbers down, and we’re goin…

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF. President Donald Trump suggested that his administration could strike trade deals with some countries as soon as this week, offering the prospect of relief for trading partners seeking to avoid higher US import duties. “It could very well be,” Trump told reporters on Sunday when…

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF. US job growth was robust in April and the unemployment rate held steady, suggesting uncertainty over President Donald Trump’s trade policy has yet to have a material impact on hiring plans. Nonfarm payrolls increased 177,000 last month after the prior two months’ advances were r…

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF. President Donald Trump blamed former President Joe Biden for weak economic data that sent stocks tumbling, arguing government data showing increased domestic investment signaled his tariffs are working. “I have to start off by saying, that’s Biden. That’s not Trump,” Trump said …

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF. President Donald Trump is scheduled to sign an executive order easing the impact of his auto tariffs, preventing duties on foreign-made vehicles from stacking on top of other levies and lessening charges on parts from overseas used to make vehicles in the US. White House Press S…

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF. Treasury Secretary Scott Bessent and congressional Republicans will meet to sketch out the plan for passing a multi-trillion tax cut in the coming weeks as polling shows that voters largely disapprove of the White House’s handling of the economy. Bessent and National Economic Co…

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF. President Donald Trump suggested another delay to his higher so-called “reciprocal” tariffs was unlikely, raising pressure on nations to negotiate trade deals with his administration. Asked about the possibility of granting another 90-day pause, Trump cast that scenario as “unli…

Balance of Power: Trump Urges Putin to Stop Ukraine Strikes (Podcast) The US will demand that Russia accept Ukraine’s right to develop its own, adequately equipped, army and defense industry as part of a peace agreement, according to people familiar with the matter, pushing back on Russia’s insistence that the country largely demilitarize as a cond…

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF. Confronted with fresh warnings from financial markets, business leaders and top advisers, President Donald Trump this week eased off on two of his frequent punching bags: Jerome Powell and China. Trump entered office with a steadfast desire to reshape the global economy. But his…

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF. US Treasury Secretary Scott Bessent told a closed-door investor summit Tuesday that the tariff standoff with China cannot be sustained by both sides and that the world’s two largest economies will have to find ways to de-escalate. That de-escalation will come in the very near fu…

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF. President Donald Trump warned the US economy may slow if the Federal Reserve does not move to immediately reduce interest rates, in his latest broadside against Fed Chair Jerome Powell. Trump said in a social media post Monday that “there is virtually No Inflation,” pointing to …

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF. President Donald Trump said during a meeting with Italian Prime Minister Giorgia Meloni that he expects to reach a trade deal with the European Union, but indicated he is in no hurry to finalize an agreement to reduce tariffs. “There’ll be a trade deal,” Trump said Thursday, add…

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF. US President Donald Trump said he’ll attend a meeting Wednesday with Japan to negotiate tariffs, American military support and “trade fairness.” “Hopefully something can be worked out which is good (GREAT!) for Japan and the USA!” Trump wrote in a post on Truth Social. The Treas…