It is time now for money power politics and this evening we are talking about our financial responsibility as a country. I want to level set here. This has been a problem for the United States for many years.Our debt has exploded over the last two decades under the leadership of both parties. But that makes it even more important to take a hard look at what this Republican bill would do to make an already bad situation even worse. As the New York Times puts it, this is one of the most expensive pieces of le ...

Our next guest says the budget bill could push the dollar even lower after its worst start to the year since 1973. Let's bring in former Bridgewater chief strategist Rebecca Patterson. Rebecca, great to see you. Great to have you on the show.Um, in addition to the spending bill, there are other factors why you see a weaker dollar going forward. Yeah. Well, let's start with the spending bill.you know, the we're not at the finish line as as we just heard. But if we get a bill something like what we're seeing ...

Dismal polling, multiple warnings of an electoral wipeout, and a primary threat from the world's richest man. Well, none of that deterred Senate Republicans from passing Donald Trump's mega bill. In the end, the Senate voted 5050 to pass the bill.JD Vance breaking the tie. Three Republican senators voting no. And now the bill heads back to the House where Republicans on both ends of the spectrum have major issues with it.Now, a reminder, the bill guts Medicaid to the tune of$1 trillion dollars, kicks 11.8% ...

Sure. So, every tariff program that we have in place, and to be clear, we have like a variety of tariff of tariff programs in place, they each have their own different justification for why they're being done. Some are for national security, some are for dumping, some are for the emer the the national emergency of trade deficits.They all have a different justification, a different reason for for their existence, but they all have this side effect of bringing in revenue. And so, when we're thinking about rev ...

How concerned are clients about these deficits and the big beautiful bill. Like what's the vibe out there in terms of what you're hearing. I think investors are a bit confused um because I think they went into the start of this year with the new administration and whether it was all the conversations around Doge and cutting government spending, the secretary's comments around uh moving to, you know, 3% deficit to GDP ratio, and then they look at the reconciliation bill, and there's a bit of um h how does th ...

>> 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 ...

Governments have long run deficits. What is happening today, however, is unprecedented. Here’s why https://t.co/oga8WK8a3WIllustration: Ricardo Tomás https://t.co/KGJ3ArRCZy ...

RT Bloomberg Opinion (@opinion)Congress’ budget act could add trillions to US deficits in the next decade. And the bigger the debt, the less likely politicians address it, says @clive_crook https://t.co/a7CDkkDyQz ...

Given the size of rich countries’ deficits, textbooks would advise, at the very least, cutting back on spending. Today’s governments prefer to double down https://t.co/cr5em9MsAT ...

Governments have long run deficits. What is happening today, however, is unprecedented. Here’s why https://t.co/GX1T8OGoOW ...