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Bloomberg


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.


Balance of Power

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 citizenship at a minimum won’t take effect for 30 days. The justices returned three cases to the lower courts to consider whether to keep the rules on hold for longer — at least in part of the country if not the whole nation.

Trump hailed the decision as a “monumental victory.” By curbing so-called nationwide injunctions, the ruling could help Trump fend off other challenges to his ambitious agenda. Trump and his allies argued that a single judge generally shouldn’t have the power to block a federal government policy across the country. 

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.
 • Democratic Senator Dick Durbin of Illinois, Ranking Member of the Senate Judiciary Committee.
 • Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino.
 • Robert McWhirter, Constitutional lawyer and practicing criminal defense and civil rights lawyer in Maricopa County, AZ.
 
See omnystudio.com/listener for privacy information.

Supreme Court Curbs Universal Injunctions

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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 President Donald Trump—this week to meet a self-imposed July 4 passage deadline. The chamber’s independent rulekeeper’s decision, announced early Thursday in a release from Senate Budget Committee ranking member Jeff Merkley (D-Ore.), could delay lawmakers’ attempts to pass the legislation (H.R. 1) under reconciliation without needing Democratic support.

The rulings from Senate Parliamentarian Elizabeth MacDonough could result in more than $250 billion in health care cuts being removed from the bill, Sen. Ron Wyden (D-Ore.), ranking member on the Senate Finance Committee, said in a statement.

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.
 • Bipartisan Policy Center Senior Vice President Bill Hoagland.
 • Republican Congressman Troy Downing of Montana.
 • Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino.
 • Principal at WestExec Advisors and former Cyber Executive for the Intelligence Community Laura Galante.
 
See omnystudio.com/listener for privacy information.

Senate Rulekeeper Deals Blow to Trump Tax Bill

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 meeting but did not divulge details on the negotiations, which are crucial to passing President Donald Trump’s multi-trillion dollar tax and spending bill. 

“I’m working diligently so that we have a good product that we can all support,” Kim said after the meeting.

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:
 
 • National Association of Manufacturers President Jay Timmons.
 • Bloomberg Politics Contributor Jeanne Sheehan Zaino and S-3 Group Partner Ashley Davis.
 • Bloomberg New York City and State Reporter Laura Nahmias.
 • Siena College Research Institute Director Don Levy.
 
See omnystudio.com/listener for privacy information.

SALT ‘Progress’ Cited by Key Republicans

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 strikes after a conversation with Trump on Tuesday, according to a statement from his office. Israel had destroyed a radar complex near Tehran after the truce came into effect as of 7 a.m. local time, in response to three missiles from Iran, the prime minister’s office said. 

Reports of attacks by both sides in the early hours of the peace accord triggered a furious reaction from Trump, who had declared the war over late Monday after 12 days of fighting. “DO NOT DROP THOSE BOMBS,” read one post on his Truth Social platform, directed at Israel in particular. “IF YOU DO IT IS A MAJOR VIOLATION.”

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 Chief Political Correspondent Annmarie Hordern.
 • Republican Congressman Michael McCaul of Texas.
 • Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino.
 • Emerson College Polling Center Senior Director Matt Taglia.
 
See omnystudio.com/listener for privacy information.

Trump Touts Israel-Iran Ceasefire

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 to be lost, and nobody to be injured,” the president said in a social media post Monday. “Perhaps Iran can now proceed to Peace and Harmony in the Region, and I will enthusiastically encourage Israel to do the same.”

Iran fired missiles at a US air base in Qatar earlier Monday after promising it would respond “proportionately and decisively” to the weekend bombing by US forces of three nuclear facilities. Qatar said the missile barrage was intercepted and the base had been evacuated in advance. 

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 Israel Defense Minister Yoav Gallant.
 • Beacon Global Strategies Managing Director Michael Allen.
 • Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino.
 
See omnystudio.com/listener for privacy information.

Iran Launches Limited Strike On US Base

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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 take place with Iran in the near future, I will make my decision whether or not to go within the next two weeks,” Trump said in a dictated message, according to White House spokeswoman Karoline Leavitt.

Iran maintained Friday it won’t negotiate with the US while an Israeli assault continues. The only way to end the imposed war is to “unconditionally stop” the enemy’s aggression, Iranian President Masoud Pezeshkian said Friday in a post on X. 

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 speaks with:
 
 • Bloomberg US National Security Team Lead Nick Wadhams.
 • Former US Ambassador to Israel Dan Kurtzer.
 • Bloomberg Politics Contributor Rick Davis and Third Way Executive Vice President for Public Affairs Matt Bennett.
 • Former Republican Congressman and Bloomberg Contributor Patrick McHenry.
 
See omnystudio.com/listener for privacy information.

US Delays Iran Strike Decision

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 advisers in the White House Situation Room and again chastised Tehran for being “late” to negotiate with him, but said he had not made a final decision on whether to launch strikes. 

“I have ideas as to what to do,” the president told reporters in the Oval Office. “I like to make the final decision one second before it’s due because things change, especially with war.” 

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 speaks with:
 
 • Bloomberg White House Correspondent Kate Sullivan.
 • Lexington Institute Vice President Rebecca Grant.
 • Republican Congressman Mike Lawler of New York.
 • Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino.
 
See omnystudio.com/listener for privacy information.

Trump Undecided on Iran Strike

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 early departure from the Group of Seven leaders meeting in Canada spurred questions about whether the US seeks to end the conflict or escalate it. 

“We know exactly where the so-called “Supreme Leader” is hiding. He is an easy target, but is safe there - We are not going to take him out (kill!), at least not for now,” Trump said in a Truth Social post Tuesday. But he said that “our patience is wearing thin” and moments later sent another two-word post: “UNCONDITIONAL SURRENDER!”

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 speaks with:
 
 • Bloomberg's Tyler Kendall and David Gura.
 • Executive Director of the University of South Florida's Global and National Security Institute and Former United States Central Command Commander Ret. Gen. Frank McKenzie.
 • Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino.
 • Bloomberg International Economics and Policy Correspondent Michael McKee.
 
 

See omnystudio.com/listener for privacy information.

Trump Seeks Iran’s ‘Unconditional Surrender’

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 two threats,” Dermer said Monday, referring to Iran’s missile and nuclear programs. “Whether Iran will decide to meet with the United States and agree to terms that they should have taken a month ago, or two weeks ago, or two months ago, you know, that’s up to Iran to decide.”

His comments came after US President Donald Trump said Iran wants to talk about de-escalating the four-day old conflict. 

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 speaks with:
 
 • Israel Minister of Strategic Affairs Ron Dermer.
 • Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino.
 • Bloomberg Markets Live Managing Editor Kristine Aquino.
 • Rapidan Energy Group Founder and President Bob McNally.
 • Arbroath Group Founder and Managing Partner Christopher Smart.
 
See omnystudio.com/listener for privacy information.

Israel's Ron Dermer on Iran Conflict

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 carried out against Iran last year and underscored the country’s growing assertiveness, as well as its military and intelligence capabilities.

Iran appeared to launch a retaliatory barrage of missiles toward later Friday, according to the Israel Defense Forces, who said in a statement that “all of Israel” was under fire. Plumes of smoke could be seen over Tel Aviv on Friday evening. Iran did not immediately comment on the action. 

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.
 • Center for Strategic and International Studies Middle East Program Director Mona Yacoubian.
 • The Washington Institute Senior Fellow Holly Dagres.
 • Bloomberg Intelligence Senior Commodities Strategist Mike McGlone.
 • Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino.
 
See omnystudio.com/listener for privacy information.

Israel Attacks Iran’s Nuclear Sites

Kevin Cirilli discusses what's happening in Venezuela, the U.S. jobless rate, and also previews the Superbowl with Brandon Etheridge.

Guests: 

Brandon Etheridge, General Counsel for Baltimore Ravens

Shannon Pettypiece, Bloomberg News White House Reporter

Craig Gordon, Bloomberg News Washington Bureau Chief

See omnystudio.com/listener for privacy information.

Venezuela, Jobs & Superbowl

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