US, Iran Pressure Mounts as Trump Pushes for Deal | Balance of Power: Late Edition 2/23/2026

"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today’s show, Sen. Chris Coons tells Balance of Power hosts Joe Mathieu and Kailey Leinz that a U.S. strike on Iran could happen soon, but the Delaware Democrat stresses the need for a ‘clearer picture’ of the mission’s objectives. Republican Congressman Don Bacon details why he thinks the President’s tariff policy is ‘bad politics,’ adding that many GOP colleagues privately share his concerns, and Republican Congressman Jodey Arrington of Texas casts doubt on the idea of tariff ‘refund’ checks after the Supreme Court struck down Trump’s tariffs while signaling support for using congressional authority to cement a longer-lasting trade regime.

Chapters:
00:00:01 – Bloomberg: Balance of Power begins
00:01:25 – Bloomberg’s Josh Wingrove on fallout from Supreme Court tariff ruling
00:04:11 – Bloomberg’s Josh Wingrove on Iran
00:05:53 – Sen. Chris Coons (D), DE on Iran
00:13:05 – Sen. Chris Coons (D), DE on tariff refund legislation
00:15:00 – Power Moves: Top Financial Stories Watching Today
00:17:48 – Rep. Don Bacon (R), NE on Trump’s tariffs being ‘bad politics’
00:22:20 – Rep. Don Bacon (R), NE on Iran
00:27:50 – Rep. Don Bacon (R), NE on ‘shelter in place’ advisory for American citizens in Mexico
00:29:50 – Bloomberg’s Alicia Diaz on ongoing discussions to end partial government shutdown
00:33:10 – Rep. Jodey Arrington (R) TX, on options for lawmakers following tariff ruling
00:41:53 – Power Brief: Top Stories Watching Tonight
00:43:46 – Political Panel on leadup to President Trump’s State of the Union address
00:49:32 – Political Panel react to FBI Director Kash Patel’s celebrations with the U.S. Men’s Olympic Hockey Team
——–
More on Bloomberg Television and Markets

Like this video? Subscribe and turn on notifications so you don’t miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9
Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.

Connect with Bloomberg Television on:
X: https://twitter.com/BloombergTV
Facebook: https://www.facebook.com/BloombergTelevision
Instagram: https://www.instagram.com/bloombergtv/

Connect with Bloomberg Business on:
X: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness
Instagram: https://www.instagram.com/bloombergbusiness/
TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en
Reddit: https://www.reddit.com/r/bloomberg/
LinkedIn: https://www.linkedin.com/company/bloomberg-news/

More from Bloomberg:
Bloomberg Radio: https://twitter.com/BloombergRadio

Bloomberg Surveillance: https://twitter.com/bsurveillance
Bloomberg Politics: https://twitter.com/bpolitics
Bloomberg Originals: https://twitter.com/bbgoriginals

Watch more on YouTube:
Bloomberg Technology: https://www.youtube.com/@BloombergTechnology
Bloomberg Originals: https://www.youtube.com/@business
Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake
Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol
Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts