Former US Treasury Secretary Lawrence H. Summers  joined Bloomberg's Joe Mathieu and Kailey Leinz on "Balance of Power" to discuss President Donald Trump's address to Congress, the impact of tariffs on the economy, the Department of Government Efficiency and threats to the US dollar.

Former US Treasury Secretary Lawrence H. Summers &nbsp;joined Bloomberg's Joe Mathieu and Kailey Leinz on "Balance of Power" to discuss President Donald Trump's address to Congress, the impact of tariffs on the economy, the Department of Government Efficiency and threats to the US dollar.

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Bloomberg Talks

Former US Treasury Secretary Lawrence H. Summers Talks Trump Tariffs, DOGE, Threats to the Dollar

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/95e5ae60-0e2a-4625-b639-b297015ae9f6/transcript

Democratic Senator Gary Peters of Michigan, ranking member of the Senate Homeland Security Committee, joined "Bloomberg Balance of Power" to express strong opposition to approving a proposed $200 billion increase in Pentagon funding at this time. He emphasized that the administration has not sought the required congressional authorization as mandated by the U.S. Constitution. Peters highlighted that the current Pentagon budget is approximately $1 trillion, suggesting there is sufficient funding already available. He criticized the lack of a clear strategic plan or defined objectives, particularly questioning why there has been no effective action to keep the Straits of Hormuz open. The senator also pointed to the economic impact of rising gasoline prices on Michigan families, noting prices near $4 per gallon and the broader negative effects on consumers. He urged the president to provide transparency and justification for the proposed spending, warning that increasing the national debt without a clear plan could exacerbate economic instability.

Democratic Senator Gary Peters of Michigan, ranking member of the Senate Homeland Security Committee, joined "Bloomberg Balance of Power" to express strong opposition to approving a proposed $200 billion increase in Pentagon funding at this time. He emphasized that the administration has not sought the required congressional authorization as mandated by the U.S. Constitution. Peters highlighted that the current Pentagon budget is approximately $1 trillion, suggesting there is sufficient funding already available. He criticized the lack of a clear strategic plan or defined objectives, particularly questioning why there has been no effective action to keep the Straits of Hormuz open. The senator also pointed to the economic impact of rising gasoline prices on Michigan families, noting prices near $4 per gallon and the broader negative effects on consumers. He urged the president to provide transparency and justification for the proposed spending, warning that increasing the national debt without a clear plan could exacerbate economic instability.

Democratic Senator Gary Peters of Michigan Talks Pentagon Funding, Rising Gas Prices

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/dfde7338-ba44-4109-bab2-b4120167c21f/transcript

Former SEC Chair Gary Gensler discusses private credits role in US capital markets. He is joined by Bloomberg's Tom Keene and Paul Sweeney on Bloomberg Intelligence.

Former SEC Chair Gary Gensler discusses private credits role in US capital markets. He is joined by Bloomberg's Tom Keene and Paul Sweeney on Bloomberg Intelligence.

Former SEC Chair Gary Gensler Talks Private Credit

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/078a19c9-3045-4032-8c5f-b41201066760/transcript

Michael Hartnett, chief investment strategist at BofA Global Research, discusses market reaction to the Iran war, which he says will feed into earnings “without a question.” Harnett also explains where he would start “nibbling” on the S&P 500 and US treasuries and why he is still counting on the consumer.

Michael Hartnett, chief investment strategist at BofA Global Research, discusses market reaction to the Iran war, which he says will feed into earnings &ldquo;without a question.&rdquo; Harnett also explains where he would start &ldquo;nibbling&rdquo; on the S&amp;P 500 and US treasuries and why he is still counting on the consumer.

Bank of America Chief Investment Strategist Michael Hartnett Talks Market Reaction to the Iran War

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/b7206d67-17ac-469f-a2b4-b41200fcaea2/transcript

Former US Treasury Secretary Lawrence H. Summers Talks Trump Tariffs, DOGE, Threats to the Dollar

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