Defense Cuts Sink Palantir Shares; Trump Looms Over Congress Budget Battle

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 with: • Former Republican Congressman and former Chair of House Financial Services Patrick McHenry for his thoughts on the budget battle in Congress, and the latest moves from the Trump White House • Bloomberg Pentagon reporter Tony Capaccio about Defense Secretary Pete Hegseth’s proposed cuts and how they sent shares of Palantir and other major US defense contractors down • Structure Finance Association CEO Michael Bright for the prospects of reforming Fannie Mae and Freddie Mac • Rick Davis, Partner at Stonecourt Capital and Bloomberg Politics Contributor & Kristen Hawn, Partner at ROKK Solutions and Democratic Strategist for a look at some of the latest headlines in DC, including New York governor Kathy Hochul’s decision not to remove Mayor Eric Adams from office See omnystudio.com/listener for privacy information.