Since the start of his second term, President Donald Trump has waged a fierce campaign to impose his will on the Federal Reserve, breaking with the modern convention of walling off the US central bank from political interference, at least publicly. Trump has sought to pressure the bank to cut interest rates and verbally attacked then-Fed chair Jerome Powell. He also has attempted to push a Fed governor, Lisa Cook, from her job, over unproven allegations of mortgage fraud.
The Trump administration is ramping up pressure on the European Union to release diesel stockpiles, a move seen potentially averting a ban on US exports of the critical fuel.
UK Prime Minister Andy Burnham has pledged to reverse Margaret Thatcher’s economic legacy. Bloomberg Originals explores whether this proposed rollback is feasible in the UK’s current fiscal landscape. (Source: Bloomberg)
It often seems that UK Prime Minister Andy Burnham’s biggest political opponent isn’t the right-wing populist Nigel Farage, but a Conservative predecessor who died 13 years ago: Margaret Thatcher.
The Federal Housing Finance Agency is planning to direct Fannie Mae and Freddie Mac within weeks to require lenders to pull credit data from two major credit reporting bureaus instead of three, according to a person familiar with the plans.
The Defense Department has tasked two of its biggest contractors to lead an effort to study the future of warfare and design weapons that American service members will need in the years ahead.
The Republican-led Congress has left Washington until after the midterm election, abandoning efforts to address voters’ angst over affordability even as President Donald Trump’s economic approval hits new lows.
The Pentagon is deploying an additional aircraft carrier and 10,000 sailors and Marines to the Persian Gulf, according to a US official, a move that gives American commanders more options if President Donald Trump chooses to escalate attacks on Iran.
On the early edition of Balance of Power, Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz discuss . On today's show, Bloomberg Washington Correspondent Tyler Kendall, Bloomberg Opinion Columnist Gautam Mukunda, Bloomberg Capitol Influence Deputy Team Lead Mike Dorning and Bloomberg Senior Editor Eric Weiner. (Source: Bloomberg)
Republican lawmakers are considering a plan to deny a newly elected Democratic congressional majority a powerful piece of leverage over President Donald Trump’s administration by using the current Congress’s last few weeks in office to quickly raise the US debt limit.
Microsoft Corp.'s shares jumped 37.5% from July through September, their best quarterly showing since 1998, adding $1 trillion to the company's market capitalization. The company's earnings in late July showed the fastest cloud growth in four years from strong AI demand, easing concerns about whether Microsoft's heavy AI investments would lead to better growth. There are 72 analysts tracked by Bloomberg who follow the company, and only three don't have buy ratings, with the average price target suggesting the shares will rise about 11% in the coming 12 months. Bloomberg's Ryan Vlastelica joins to discuss. (Source: Bloomberg)
The Trump administration’s decision to revoke the visa of a Peruvian judge who sided with a Chinese company in a port dispute puts a new spotlight on the growing US-China rivalry in Latin America.
UK Defense Secretary Wes Streeting said Iran was likely responsible for the thwarted attempt to attack an airbase used by the US, after police said on Thursday they’d arrested an British-Iranian dual national.
President Vladimir Putin said Moscow would consider using “all weapons at our country’s disposal” in the event of a direct attack on Russia, including Kaliningrad, reiterating warnings from his Foreign Ministry and embassies this week.
Chancellor Friedrich Merz said the far-right Alternative for Germany is backed by Russia, stepping up his rhetoric against the ascendant opposition party that won two regional elections last month and leads in all major national polls.
The European Union has rejected for now Ukraine’s entreaties to speed up loan payouts to cover an unexpected shortfall in military financing for this year, according to people familiar with the matter.
Jorge Valero, Andrea Palasciano and Alberto Nardelli
The watchdog for the nation’s top housing regulator says it will be forced to cut up to 80% of its staff and end most criminal probes as a result of dramatic budget cuts announced late Wednesday by Federal Housing Finance Agency Director Bill Pulte.
Jack Devine, Founder of The Arkin Group and former CIA National Clandestine Service Acting Director, discusses the war in Ukraine, presidential influence over the US State Department, and the impact of AI in government intelligence gathering. (Source: Bloomberg)
Turkey and the United Nations have set up fresh talks in Russia and Ukraine to discuss a Black Sea ceasefire, trying to coalesce scattered efforts to protect grain shipments as global food prices surge.
