Shutdown Hits Critical Moment as Pressure Builds

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.As the government shutdown enters its 34th day, lawmakers face mounting pressure to reach a resolution.Major US airports are facing staffing shortages leading to ground delays, the distribution of food assistance is up in the air, and more federal workers are missing paychecks as the shutdown is on track to become the longest in history.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 speaks with: Bloomberg Washington Correspondent Tyler Kendall. Bipartisan Policy Center Senior Vice President Bill Hoagland. Stonecourt Capital Partner Rick Davis and Harvard Kennedy School's Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino. Republican Congressman Mike Lawler of New York. Bloomberg Tech Co-Host Caroline Hyde. Bloomberg Markets Live Blog Managing Editor Kristine Aquino. See omnystudio.com/listener for privacy information.

A status update on the US government shutdown -- as well as scenarios that could potentially lead to the US government re-opening later this week -- led Bloomberg Intelligence's Washington Policy Pulse on Nov. 3. If a deal isn't made, a re-opening may not happen until potential travel chaos associated with the Thanksgiving holiday. We also discussed how a lapse of Supplemental Nutrition Assistance Program (SNAP) benefits impacted grocers like Walmart, Kroger and Albertsons. Finally, we previewed Wednesday's oral arguments at the Supreme Court where the justices may provide insight on whether or not President Donald Trump's reciprocal tariffs are lawful. The Bloomberg Intelligence Financial Policy weekly call is designed to provide investors an opportunity to learn about the most recent relevant policy research, information regarding forthcoming political catalysts and other on-goings within Washington D.C. The call is open to all and is held every Monday at 10:00 a.m. EST. You can register for the call here: https://bloomberg.zoom.us/webinar/register/WN__PqCkwY-S2m3hbQqvVC1_Q#/registrationSee omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.President Donald Trump denied that he is considering strikes on Venezuela, contradicting a media report that he’d given approval for such a move as well as his own past statements that he was preparing land attacks after a series of boat strikes.Trump replied “no” when asked by reporters Friday aboard Air Force One if it was true he is weighing whether to attack military sites in Venezuela. He said “no” again when asked if he had decided on the matter.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 speaks with: Bloomberg Deputy Washington Bureau Chief Laura Davison. Former Commander of US Southern Command Wesley Clark. Stonecourt Capital Partner Rick Davis and Bellwether Government Affairs CEO Arshi Siddiqui. Bloomberg National Security Reporter Tony Capaccio. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.Donald Trump and Xi Jinping agreed to extend a tariff truce, roll back export controls and reduce other trade barriers in a landmark summit on Thursday, potentially stabilizing relations between the world’s biggest economies after months of turmoil. In the first sitdown between the leaders since Trump’s return to the White House, the pair agreed China would pause sweeping controls on rare-earth magnets in exchange for what Beijing said was a US agreement to roll back an expansion of restrictions on Chinese companies. The US will also halve fentanyl-related tariffs on Chinese goods, while Beijing resumes purchases of soybeans and other American agricultural products.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 speaks with: Bloomberg Washington Correspondent Tyler Kendall. Peterson Institute for International Economics Senior Fellow Mary Lovely. ROKK Solutions Senior Vice President Lisa Camooso Miller and Former Special Assistant to President Joe Biden Meghan Hays. Democratic Congressman Jake Auchincloss of Massachusetts. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.Food stamps are fast becoming the centerpiece of congressional Republicans’ and Democrats’ shutdown stare-down as nutritional benefits for 41 million Americans threaten to dry up in just three days.After weeks of seeming inaction and stalemate inside the Capitol, both sides are eyeing the deadline as a way to pressure the other into making a deal. The issue took center stage after Vice President JD Vance said Tuesday that the White House believes it can pay troops this Friday, once again taking a political grenade — missed paychecks for the military — off the table.The maneuver would clear the way for missed Supplemental Nutrition Assistance Program benefits Saturday to become the No. 1 pressure point on lawmakers to end a nearly month-long government shutdown.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 speaks with: Bloomberg Washington Correspondent Tyler Kendall. Bloomberg International Economics and Policy Correspondent Michael McKee. Republican Senator Shelley Moore Capito of West Virginia. Republican Congressman Chuck Fleischmann of Tennessee. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.President Donald Trump hailed the US’s alliance with Japan, reaffirming ties with a longstanding partner and praising new Prime Minister Sanae Takaichi on her plans to ratchet up defense spending as the pair met in Tokyo.“I want to just let you know anytime you have any question, any doubt, anything you want, any favors you need, anything I can do to help Japan, we will be there,” Trump said. “We are an ally at the strongest level.”Trump also offered optimism that the two sides had overcome their trade disputes. 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 Bloomberg's David Gura is in for Joe and Kailey. David speaks with: Bloomberg Washington Correspondent Tyler Kendall. US Ambassador to NATO Matthew Whitaker. Bloomberg Capitol Influence Team Lead Megan Scully. Bully Pulpit International Managing Director Adam Hodge and Brownstein Hyatt Farber Schreck Policy Director Greta Joynes. Republican Congressman Greg Murphy of North Carolina. Bloomberg News Weather Reporter Lauren Rosenthal. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.A meeting Thursday between Presidents Donald Trump and Xi Jinping is set to be one of the key diplomatic events of the year, with the US-China economic relationship at stake following multiple rounds of escalating tensions and temporary truces.Trump told traveling reporters Monday on Air Force One that while nothing has yet been agreed, he felt good going into the meeting with Xi set to take place on the sidelines of the Asia-Pacific Economic Cooperation summit in South Korea.US Treasury Secretary Scott Bessent, speaking in the same briefing, said a framework for Trump and Xi to finalize was forged over weekend talks with China, whose delegation was headed by Vice Premier He Lifeng.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 Bloomberg's David Gura is in for Joe and Kailey. David speaks with: Bloomberg Washington Correspondent Tyler Kendall. Former Acting White House Chief of Staff Mick Mulvaney. Harvard Kennedy School's Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino and Bluestack Strategies Founder Maura Gillespie. Bloomberg Buenos Aires Bureau Chief Patrick Gillespie. Wiley Rein National Security Practice Group Lead Nazak Nikakhtar. See omnystudio.com/listener for privacy information.

A status update on proposals from the Federal Reserve -- such as the rule known as the Basel III endgame to another one on a banks' G-SIB -- led Bloomberg Intelligence's Washington Policy Pulse on Oct. 27. While Bloomberg News reports that the Fed may increase capital requirements 3%-7% via the Basel III endgame, other actions could ultimately negate that impact for banks like Bank of America, JPMorgan and Goldman Sachs. We also discussed news reports that Treasury Secretary has narrowed down a list of potential Fed chairs to five individuals as well as an upcoming Senate vote on a resolution disapproving President Donald Trump's Canada and Brazil tariffs. It should be noted that move is largely symbolic.  The Bloomberg Intelligence Financial Policy weekly call is designed to provide investors an opportunity to learn about the most recent relevant policy research, information regarding forthcoming political catalysts and other on-goings within Washington D.C. The call is open to all and is held every Monday at 10:00 a.m. EST. You can register for the call here: https://bloomberg.zoom.us/webinar/register/WN__PqCkwY-S2m3hbQqvVC1_Q#/registrationSee omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.A delayed snapshot of inflation in September came in softer than expected, potentially offering a path for the Federal Reserve to cut interest rates beyond next week’s meeting.The core consumer price index, excluding the often volatile food and energy categories, increased 0.2% from August, according to Bureau of Labor Statistics data out Friday. That was the slowest pace in three months and restrained by the smallest increase in a key measure of housing costs since early 2021.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 Bloomberg's Tyler Kendall is in for Kailey. Joe and Tyler speak with: Bloomberg International Economics and Policy Correspondent Michael McKee. Republican Congressman Mark Alford of Missouri. Lexington Institute Vice President Rebecca Grant. Stonecourt Capital Partner Rick Davis and Harvard Kennedy School's Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.Eric Adams will endorse Andrew Cuomo for New York City mayor, a reversal for the incumbent mayor after he accused his former challenger of being a “snake and a liar” just weeks ago in the contentious battle for Gracie Mansion.The endorsement, part of an effort to bolster Cuomo’s campaign against frontrunner Zohran Mamdani, comes less than two weeks before the November election. Adams and Cuomo were seen together court-side at the Knicks game Wednesday night following the final mayoral debate. The endorsement was reported earlier by the New York Times.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 Bloomberg's Tyler Kendall is in for Kailey. Joe and Tyler speak with: Bloomberg Correspondent David Gura. Stonecourt Capital Partner Rick Davis and Bully Pulpit International Managing Director Adam Hodge. Bloomberg Intelligence Senior Commodity Strategist Mike McGlone. Former US Ambassador James Jeffrey. See omnystudio.com/listener for privacy information.