Trump on Higher Gas Prices: ‘I’ll Never Apologize’ | Balance of Power 08/14/2026

“Balance of Power: Late Edition” focuses on the intersection of politics and global business. On today’s show, Democratic Representative Gwen Moore of Wisconsin says higher gasoline prices are deepening Americans’ cost-of-living squeeze, pushing back on President Donald Trump’s comments that Americans should accept paying “a tiny bit more” at the pump because of the war with Iran. Republican Representative Mike Flood of Nebraska says affordability is a concern he continues to hear from constituents, despite President Donald Trump dismissing the issue as a “hoax.” Democratic Representative Greg Casar of Texas says AI CEOs should testify before Congress about employment and national security concerns surrounding the technology.

Chapters:

00:02:18 Bloomberg’s Nancy Cook on Trump Dismisses Concerns About USS Lincoln Carrier
00:05:20 Representative Gwen Moore (D-WI) on Trump, Affordability & the Economy
00:07:38 Rep. Gwen Moore (D-WI) on Capital Gains Taxes & Cost-of-Living Concerns
00:10:55 Rep. Gwen Moore (D-WI) on Trump Defends Higher Gas Prices Amid Iran War
00:13:28 Rep. Gwen Moore (D-WI) on Democrats, Socialism & the Wisconsin Election
00:15:28 Power Moves: Top Financial Moves
00:18:16 Representative Mike Flood (R-NE) on Affordability & Housing
00:19:48 Rep. Mike Flood (R-NE) on Midterms & the Republican Agenda
00:21:47 Rep. Mike Flood (R-NE) on Housing Reform & When Americans Could See Relief
00:25:26 Rep. Mike Flood (R-NE) on USS Abraham Lincoln & Military Morale
00:28:28 Bloomberg’s Eric Martin on Trump Administration’s New Cuba Strategy
00:32:34 Representative Greg Casar (D-TX) on Congress Raises Alarm Over AI Safety
00:34:16 Rep. Greg Casar (D-TX) on Calls to Slow Down AI Development
00:37:23 Rep. Greg Casar (D-TX) on Proposal to Tax AI Companies
00:38:43 Rep. Greg Casar (D-TX) on Democrats Look Ahead to 2028, Progressives & Socialists
00:43:54 Political Panel Reacts: USS Abraham Lincoln, Inflation, Interest Rates
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