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Dems, GOP Evaluate 2026 Midterm Roadmap | Balance of Power 08/12/2026


“Balance of Power: Late Edition” focuses on the intersection of politics and global business. On today’s show, Former Minnesota Governor Tim Pawlenty analyzes recent GOP primary results, including the defeat of Trump-endorsed Mike Lindell in the Minnesota governor’s race. Representative Mark Pocan (D-WI) discusses the closely contested Democratic gubernatorial primary, where David Crowley narrowly edged out Francesca Hong by a margin of just a few thousand votes. Robert Malley, Former U.S. Special Envoy for Iran, now President Emeritus and Program Director for the Middle East and North Africa of the International Crisis Group, says that the situation with the Strait of Hormuz could be indefinite or even permanent.

Chapters:

00:01:43 Bloomberg’s Jeff Mason on Karoline Leavitt Leaving the White House
00:04:48 Bloomberg’s Michael McKee on Inflation Cools & What It Means for the Fed
00:08:27 Former Minnesota Gov. Tim Pawlenty on the GOP & Midterms
00:12:02 Former Minnesota Gov. Tim Pawlenty on Minnesota Democratic Primary & the Progressive Movement
00:13:44 Former Minnesota Gov. Tim Pawlenty on AI Data Centers, Energy & Infrastructure
00:16:51 Representative Mark Pocan (D-WI) on Wisconsin’s General Election & the Democratic Socialist Movement
00:20:31 Rep. Mark Pocan (D-WI) on Congress, Trump & the Midterm Message
00:25:01 Robert Malley, President Emeritus and Program Director for the Middle East and North Africa of the International Crisis Group, on the Strait of Hormuz, US Iran Conflict
00:27:50 Robert Malley on Diplomacy vs. Economic & Military Pressure on Iran
00:30:06 Robert Malley on Sanctions Relief & a Potential Iran Deal
00:32:02 Robert Malley on The Gulf States’ Role in Iran Negotiations
00:39:42 Political Panel Reacts: What Wisconsin’s Primary Says About Democrats, Trump’s Impact on Republican Candidates, Karoline Leavitt’s White House Departure
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