>> LIVE FROM WASHINGTON, D.C., THIS IS "BALANCE OF POWER" WITH JOE MATHIEU AND KAILEY LEINZ. JOE: IT'S TIME FOR THE VOTE-A-RAMA ON PRESIDENT TRUMP'S BIG BEAUTIFUL BILL. WELCOME TO THE EARLY EDITION OF "BALANCE OF POWER" ON BLOOMBERG TV AND RADIO WITHIN HOURS-LONG AMENDMENT SESSION GETTING UNDERWAY IN THE UNITED STATES SENATE EXPECTED TO LEAD TO A FULL FLOOR VOTE BY THE TIME THIS IS DONE. ALONGSIDE KAILEY LEINZ, I'M JOE MATHIEU IN WASHINGTON. WE THANK YOU FOR JOINING US ON "BALANCE OF POWER. " IT LOOKS LIKE ...

Indonesia expects to post a much bigger budget deficit this year due to weak revenue collections and the acceleration of President Prabowo Subianto’s priority programs. https://t.co/NuS2JJ9Gfm ...

“The federal budget deficit is insane, like $3 trillion.Federal expenditures are $7 trillion. Federal revenue is $4 trillion. That's a $3 trillion difference. “Elon Musk in 2021 on government spendinghttps://t.co/IueS6xa8uY ...

RT Ray Dalio (@RayDalio)"I promise to not raise your taxes" and "I promise to not cut your benefits" are the two popular political promises that are inconsistent with the much more needed promise "I promise to cut the budget deficit to about 3 percent of GDP" that is required to prevent a big debt/dollar crisis. There is no way that the deficit/debt bomb problem can be sustainably dealt with unless there is a mix of tax revenue increases and spending decreases that are determined in a bipartisan way. Our re ...

If they were retiring, would they be yeses on this bill. Well, they would. No question about it, Katie.I mean, this is just a example of how complete the purge is now with his retirement and Don Bacon's announcement, the congressman from Nebraska. The the the irony here is that it's a it's a shortterm gain for Donald Trump and it's and it's just shown, you know, uh unprecedented political strength that he's been able to do this. But the problem is that he's taking people out of the party who are willing to ...

Indonesia’s finance minister Sri Mulyani Indrawati says the Southeast Asian country is on track to keep a modest budget deficit this year in an interview with Haslinda Amin. She speaks with Bloomberg Television on the sidelines of the annual meeting of the Asian Infrastructure Investment Bank in Beijing. -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http: ...

One way or another, you have to bring debt the deficit not only in the United States but other places but I'm focusing on the United States down to from a supply demand point of view down to about 3%. So that's the 3% of GDP that that's an amount that the market I think can digest. Um it will um affect also the supply demand.There are when I say three parts I think when we think of budgets we think of taxes and spending um but also interest has a huge effect. um a 1% change in the interest rate, 100 basis p ...

boosting the richest by $12,000 a year. Joining us right now is Phil Swagel. He's the director of the Congressional Budget Office.And Phil, let's talk through some of the criticism you've received. Russ Vought said on X that this bill reduces deficits by $1.4% trillion. When you adjust for the CBO's one big gimmick, not using a realistic current policy baseline.Caroline Leavitt said that the CBO assumes long term GDP growth of an anemic 1.8%. And that's absurd. And then you had President Trump himself sayin ...

LISA: -- THE OUTLOOK FOR CREDIT INVESTING MORE BROADLY. YOU TALKED ABOUT HOW THE U.S. IS GOING TO GO BANKRUPT AND IS ON AN UNSUSTAINABLE FISCAL PATH. DO WE SEE THAT PRICED IN OR IS THERE STILL A RECKONING TO COME.JEFFREY: IT'S CERTAINLY BEHAVING DIFFERENTLY THAN IT WAS FOR THE LAST FOUR DECADES. WHAT WE'VE SEEN IS IN THE LAST 15 YEARS THERE'S BEEN A NUMBER OF CORRECTIONS ON THE S&P 500 AND EVERY ONE OF THEM, THE S&P WAS DOWN MORE THAN 10%, THE DOLLAR INDEX, THE TRADE-WEIGHTED DOLLAR INDEX GOES UP. THIS TIME ...

In the last of 15 years, there's been a number of corrections on the 500 and in every single one of them. When the S&P goes down more than 10%, the dollar index, the trade weighted dollar index goes up. This time.The dollar went down when the S&P 500 went down almost 20%. That's that's strange. Things are behaving differently.Usually when the Fed starts cutting interest rates, rates across the yield curve go down. The ten year Treasury almost always goes up immediately following the first Fed rate rate cut, ...