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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.

French Prime Minister Francois Bayrou lost a confidence motion in parliament, forcing a third change in government in just over a year and reviving uncertainty over how the country can tackle its mounting debt burden. 

Parties across the political spectrum in France’s lower house joined forces Monday to overwhelmingly issue the rebuke to Bayrou, who called the motion in a failed attempt to rally support for his unpopular budget reforms. Just 194 lawmakers voted in support of the prime minister and 364 voted against. 
 
President Emmanuel Macron will accept Bayrou’s resignation on Tuesday and name a new premier in the coming days, according to a statement from the president’s office. The new government will still have to find a way to pass a budget, an exercise that has now toppled the last two prime ministers.

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, Bloomberg's Kriti Gupta is in for Kailey. Joe and Kriti speak with:
 
 • Bloomberg Europe Correspondent Oliver Crook.
 • George Washington University French Studies Professor Kathryn Kleppinger.
 • Bloomberg Radio DayBreak Europe Host Stephen Carroll.
 • Democratic Congressman Mark Takano of California.
 • Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino.
 
See omnystudio.com/listener for privacy information.

French Premier Bayrou to Resign

The Bloomberg Intelligence Financial Washington Policy weekly call is designed to provide investors an opportunity to learn about the most recent relevant policy research, information regarding forthcoming political catalysts and other on-goings within Washington D.C. 
 
The call is open to all and is held every Monday at 10:00 a.m. EST. 
 
You can register for the call here: https://bloomberg.zoom.us/webinar/register/WN__PqCkwY-S2m3hbQqvVC1_Q#/registration

See omnystudio.com/listener for privacy information.

Weekly Washington Policy Pulse: September 8, 2025

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.

Disappointing employment data released Friday validated fears that the US labor market may be on the brink of a downturn and lifted expectations for how much the Federal Reserve will lower interest rates this year.

Investors are now fully pricing in a quarter-point rate cut at the Fed’s Sept. 16-17 policy gathering. They also pushed closer to anticipating a total of three rate cuts this year, according to futures contracts. Some Fed watchers said the weak jobs data could spur officials to consider a larger-than-typical half-point this month, though inflation data due next week could temper those expectations.

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, Bloomberg's Kriti Gupta is in for Kailey. Joe and Kriti speak with:
 
 • Bloomberg Economics Chief US Economist Anna Wong.
 • House Ways and Means Committee Chairman Jason Smith (R-MO).
 • Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino.
 • Bloomberg International Economics and Policy Correspondent Michael McKee and Chicago Fed President Austan Goolsbee.
 
See omnystudio.com/listener for privacy information.

Fed Rate-Cut Expectations Climb After Weak Jobs Report

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, Bloomberg's Kriti Gupta is in for Kailey. Joe and Kriti speak with:
 
 • Bloomberg International Policy and Economics Correspondent Michael McKee.
 • New Century Advisors Chief Economist Claudia Sahm.
 • Bloomberg Health Reporter Jessica Nix.
 • Chair and Professor at Rutgers University's Department of Urban-Global Public Health Leslie Kantor.
 • Circa Sports CEO Derek Stevens.
 
 

See omnystudio.com/listener for privacy information.

Trump's Fed Pick Stephen Miran & HHS' RFK Jr. Testify Before Senate

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.

President Donald Trump took aim at Chinese leader Xi Jinping as he hosted foreign leaders at a major military parade in Beijing, a reminder of the lingering tensions between the two sides over trade, tech and other issues.

“Please give my warmest regards to Vladimir Putin, and Kim Jong Un, as you conspire against The United States of America,” Trump said on his Truth Social site, referring to the leaders of Russia and North Korea, without elaborating.

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:
 
 • Laura Davison, Bloomberg Washington Deputy Bureau Chief and Nick Wadhams, Bloomberg National Security Team Lead
 • Jane Harman, Chair of the National Defense Strategy Commission/Former-Ranking Member of House Intelligence Committee
 • Rick Davis, Partner at Stonecourt Capital and Bloomberg Politics Contributor & Jeanne Sheehan Zaino, Democracy Visiting Fellow at Harvard Kennedy School's Ash Center and Bloomberg Politics Contributor
 
See omnystudio.com/listener for privacy information.

Trump Accuses Xi of ‘Conspiring Against US’; Poland's President Visits DC

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.

President Xi Jinping used a mix of bonhomie and economic allure this week to send Donald Trump a clear message: Beijing has too much global clout to be dictated by the US.

Cameras captured the Chinese leader in a rare, unscripted huddle on Monday with Vladimir Putin and Narendra Modi — his most powerful partners in resisting America on the world stage — at a summit in the Chinese port city of Tianjin. At one point, Xi held the hand of his Indian counterpart, as the three men laughed casually, a striking scene given just months earlier New Delhi and Beijing were seen as rivals.

The images were a victory for Xi’s decade-long political project to build an alternative to the US-led world order. Hours after the trio gathered at the Shanghai Cooperation Organization event, Beijing signed a major gas pipeline deal with Moscow — rebuking Trump’s efforts to use tariffs to prise India and China away from Russian energy purchases.

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 Economics Senior Geoeconomics Analyst for Asia-Pacific Adam Farrar.
 • Bloomberg Markets Live Managing Editor Kristine Aquino.
 • Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino.
 • Former Republican Congressman and former Acting White House Chief of Staff Mick Mulvaney.
 
See omnystudio.com/listener for privacy information.

China’s Xi Redraws Geopolitical Map

Most of President Donald Trump’s global tariffs were ruled illegal by a federal appeals court that found he exceeded his authority in imposing them, but the judges let the levies stay in place while the case is subject to further review.

The US Court of Appeals for the Federal Circuit on Friday upheld an earlier ruling by the Court of International Trade that Trump wrongfully invoked an emergency law to issue the tariffs. But the appellate judges sent the case back to the lower court to determine if it applied to everyone affected by tariffs or just the parties involved in the case.

Friday’s 7-4 decision by the Federal Circuit could extend the suspense over whether Trump’s tariffs will ultimately stand. The case had been expected to next go to the Supreme Court for a final ruling. The administration could now turn to the justices, who have largely backed the president on other matters. But the White House could also let the Court of International Trade revisit the matter first.

“ALL TARIFFS ARE STILL IN EFFECT!” Trump said in a post on Truth Social shortly after the decision was issued.
 
For instant reaction and analysis, Bloomberg Balance of Power cohost Joe Mathieu speaks with Harvard Kennedy School's Ash Center Democracy Visiting Fellow Jeanne Sheehan Zaino and Stonecourt Capital Partner Rick Davis, both Bloomberg politics contributors. 

See omnystudio.com/listener for privacy information.

Instant Reaction: Trump’s Global Tariffs Found Illegal by US Appeals Court

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. 

Federal Reserve Governor Lisa Cook’s lawyers suggested that an unintentional “clerical error” may have been behind the mortgage dispute over which President Donald Trump wants her fired. 
Cook sued Thursday to block Trump’s “illegal attempt,” saying he’s using a phony pretext that doesn’t amount to sufficient “cause” to remove her from the US central bank. In court papers, her lawyers laid out for the first time a potential defense to allegations that she fraudulently listed homes in Michigan and Georgia as a “primary residence” when she obtained mortgages in 2021.

On this edition, Joe speaks with:
 
 • Bloomberg Washington Correspondent Tyler Kendall.
 • Bloomberg International Economic and Policy Correspondent Michael McKee.
 • Yale Budget Lab Co-Founder and President Natasha Sarin.
 • Harvard Kennedy School's Ash Center Democracy Visiting Fellow Jeanne Sheehan Zaino and Stonecourt Capital Partner Rick Davis.
 • Former Republican Congressman and Bloomberg Contributor Patrick McHenry.
 
See omnystudio.com/listener for privacy information.

Fed's Lisa Cook Awaits Emergency Ruling

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.

White House trade adviser Peter Navarro cranked up pressure on India to halt its purchases of Russian oil, repeating accusations that New Delhi is funding the Kremlin’s campaign in Ukraine and casting the conflict as “Modi’s war”.

Speaking immediately after the Trump administration doubled tariffs on India to 50% — an effort to secure concessions on trade, while also pressuring Russia — Navarro reiterated that Prime Minister Narendra Modi was funding “the war machine.”

“I mean Modi’s war, because the road to peace runs, in part, through New Delhi,” Navarro said Wednesday on Bloomberg Television’s Balance of Power.

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 Senior White House and National Security Editor Michelle Jamrisko.
 • Bloomberg Washington Correspondent Tyler Kendall.
 • Bloomberg International Economic and Policy Correspondent Michael McKee.
 • Former US Deputy Attorney General Donald Ayer.
 • Harvard Kennedy School's Ash Center Democracy Visiting Fellow Jeanne Sheehan Zaino and former RNC Communications Director Lisa Camooso Miller.
 
See omnystudio.com/listener for privacy information.

Navarro Calls Ukraine ‘Modi’s War’ Over Russian Oil Buying

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.

President Donald Trump imposed a crushing 50% tariff on Indian goods to punish the country for buying Russian oil, upending a decades-long push by Washington to forge closer ties with New Delhi.

The new tariffs, the highest in Asia, took effect at 12:01 a.m. in Washington on Wednesday, doubling the existing 25% duty on Indian exports. The levies will hit more than 55% of goods shipped to the US — India’s biggest market — and hurt labor-intensive industries like textiles and jewelry the most. Key exports like electronics and pharmaceuticals are exempt, sparing Apple Inc.’s massive new factory investments in India for now.

The move marks a sharp deterioration in ties for the two nations and an about-turn in Washington’s strategy over the years to court India as a counterweight to China. Trump has slammed India for buying Russian oil, which he said was funding President Vladimir Putin’s war in Ukraine. New Delhi has defended its ties with Russia and has called the US’s actions “unfair, unjustified and unreasonable.”

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 Washington Correspondent Tyler Kendall.
 • Advancing American Freedom Senior Fellow Joel Griffith.
 • Economic Times of India Columnist Seema Sirohi.
 • Joe Lavorgna, Counselor to US Treasury Secretary Scott Bessent.
 • Bloomberg Tech Co-Host Caroline Hyde.
 • Bloomberg Intelligence Senior Defense Research Analyst Wayne Sanders.
 
See omnystudio.com/listener for privacy information.

Weekly Washington Policy Pulse: September 8, 2025

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