Insight & analysis on the White House and Capitol Hill.

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The US and Iran have reached a tentative deal to extend a ceasefire by 60 days and launch further talks on Tehran’s nuclear program, a US source familiar with the matter said, raising hopes the three-month conflict could be nearing a resolution.

The source, who spoke on condition of anonymity to discuss private negotiations, confirmed an earlier report from Axios. President Donald Trump has yet to agree to the terms. Both countries have previously hailed progress, with Trump repeatedly indicating the US was close to securing an agreement — only for the stalemate to drag on.

Treasury Secretary Scott Bessent on Thursday would only say “the teams have been going back and forth” when pressed if an interim deal has been clinched. He insisted Trump’s three “red lines” — reopening the Strait of Hormuz, Iran turning over highly enriched uranium and ending its nuclear program — remain necessary for any pact. 

Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with:

• Bloomberg Washington Correspondent Tyler Kendall.
• Bluestack Strategies Founder Maura Gillespie and Rebelle Communications Founder & CEO Laura Fink.
• Democratic Congressman Mark Pocan of Wisconsin.