The US Is Running Out of Weapons It Needs Most | Balance of Power 08/11/2026
“Balance of Power: Late Edition” focuses on the intersection of politics and global business. On today’s show, Wendy Sherman, former US deputy secretary of state, weighs in on the hardening rhetoric between the US and Iran with a stark warning: “For the foreseeable future, if not forever, Iran will control the Strait of Hormuz.” Representative Jennifer McClellan (D-VA) says she has yet to hear back from House Speaker Mike Johnson after calling for hearings with major AI executives, and acknowledges Democrats have limited ability in the minority to compel them to testify. US Air Force General (Ret.) Charles Wald pushes back on concerns that the US has depleted too much of its advanced weapons stockpile, saying the military remains in “pretty good shape” and can provide air cover over the Strait of Hormuz “indefinitely.”
Chapters:
00:02:03 Wendy Sherman, Former US Deputy Secretary of State, on Pakistan Says US, Iran Close to Deal Despite Trump Rhetoric
00:05:56 Wendy Sherman on U.S. Weapons Stockpiles & Military Readiness
00:08:31 Wendy Sherman on Can Economic Pressure Bring Iran to the Table?
00:11:07 Wendy Sherman on Russia, China & Iran Growing Closer
00:15:22 Power Moves: Top Financial Moves
00:18:11 Rep. Jennifer McClellan (D-VA) on Congress Demands Answers on Hugging Face Breach
00:20:28 Rep. Jennifer McClellan (D-VA) on Should Advanced AI Development Be Paused?
00:21:24 Rep. Jennifer McClellan (D-VA) on Data Centers, Energy Demand & Local Communities
00:24:31 Bloomberg’s Becca Wasser on America’s ‘Dangerously Low’ Munitions Stockpile
00:27:57 US Air Force General (Ret.) Charles Wald on U.S. Military Readiness
00:31:19 US Air Force General (Ret.) Charles Wald on Are Weapons Shortages Affecting US Strategy?
00:32:52 US Air Force General (Ret.) Charles Wald on Can the US Secure the Strait of Hormuz?
00:35:47 US Air Force General (Ret.) Charles Wald on Air Force One Decoy Flight & Security Concerns
00:39:37 Political Panel Reacts: Primary Election Night & Key Races, Air Force One Decoy Flight Debate
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