US Widens Strikes on Iran | Balance of Power 7/22/2026

On the early edition of Balance of Power, Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz discuss the latest from Capitol Hill. On today’s show, Republican Congressman Chip Roy of Texas, Stonecourt Capital Partner Rick Davis, Rebelle Communications Founder Laura Fink, Democratic Congresswoman Brittany Pettersen of Colorado and former Republican Congressman Patrick McHenry.

Chapters
00:00:00 Balance of Power: Early Edition 
00:02:20 Market Update: Alphabet, Tesla & Oil
00:04:20 Trump Threatens Further Escalation in Iran
00:05:30 White House Strategy & Strait of Hormuz Tensions
00:07:20 Rep. Chip Roy on Defense Spending & Reconciliation
00:12:20 Should Congress Ban Stock Trading?
00:16:00 The Politics of Deficits & Budget Battles
00:19:20 Political Panel Reacts to Capitol Hill Showdown
00:23:40 Rep. Brittany Pettersen on War Funding & Government Spending
00:27:40 Crypto Regulation & Ethics Debate
00:30:20 Affordability, Inflation & Midterm Politics
00:35:40 EU Clears Paramount-Warner Bros. Merger
00:38:20 Patrick McHenry on the Clarity Act
00:42:20 Can Congress Get Anything Done?
00:45:20 Why Budget Reform Keeps Failing
00:48:20 Populism, Public Trust & the Future of Congress
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