House Passes Budget Stopgap | Balance of Power 7/23/2026
On the early edition of Balance of Power, Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz discuss the latest from Capitol Hill. On today’s show, Republican Senator Ted Budd of North Carolina, Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino, Echo Canyon Consulting Founder and CEO Jon Seaton, Republican Congressman Bryan Steil of Wisconsin, Center for Strategic and International Studies Director Mona Yacoubian and Republican Senator Todd Young of Indiana.
Chapters
00:00:00 Balance of Power: Early Edition
00:01:45 Market Update: Oil Tops $100 & Tech Sinks
00:04:40 Congress Sends Pentagon Funding to the Senate
00:06:00 Sen. Ted Budd on Iran, Defense & Government Funding
00:09:10 Can the U.S. Avoid a Forever War?
00:11:40 Energy Prices, Oil Shock & Inflation Risks
00:13:30 Political Panel Debates the Defense Bill
00:20:00 Congressional Stock Trading Ban Advances
00:23:40 Crypto Regulation & the Future of the Clarity Act
00:26:20 Middle East Conflict Expands Beyond the Strait of Hormuz
00:30:20 Saudi Nuclear Deal & Abraham Accords
00:32:30 Market Update: Tech Selloff & Oil Surge
00:35:00 Why Markets Are Finally Reacting to the Iran War
00:39:00 Sen. Todd Young on Strategy in Iran
00:44:20 Rebuilding America’s Shipbuilding Industry
00:47:00 Senate Showdown: Pentagon Funding & Government Spending
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