"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today’s show, Joseph Lavorgna, SMBC Nikko Securities Chief US Economist discusses Moody’s downgrading the United States to a AA1 credit rating from a triple A. Rep. Raja Krishnamoorthi (D) Illinois, explains how the proposed tax bill is adding to this downgrade. Rep. Tim Burchett (R) Tennessee weighs in on Moody’s downgrading the United States over increase in government debt and agrees with Moody’s over concerns with the proposed tax bill.
Chapters:
00:00:00 – Balance of Power Begins
00:01:51 – Bloomberg’s Romaine Bostick on Asset Impact From Moody’s Downgrading United States Credit Rating to AA1 From AAA
00:03:20 – Bloomberg’s Michael McKee on What’s Happened From When Moody’s Changed US Outlook to Negative to Today’s Ratings Cut
00:06:15 – Joseph Lavorgna, SMBC Nikko Securities Chief US Economist, On Reaction to Moody’s Downgrade, GOP Tax Bill
00:15:36 – Bloomberg’s Jack Fitzpatrick on How Moody’s Downgrade Fuels Conservative Congress Members to Hold Up Tax Bill
00:17:49 – Rep. Raja Krishnamoorthi (D) Illinois, on Significance Of Moody’s Ratings Cut, View on Pres. Trump’s Middle East Trip
00:25:41 – Bloomberg’s Sara Forden on the Impact of SCOTUS Ruling Blocking Trump’s Deportation of Venezuelan Migrants
00:28:25 – Bloomberg’s Romaine Bostick on Market Update After Moody’s United States Downgrade
00:32:21 – Rep. Tim Burchett (R) Tennessee on Moody’s Downgrade, Tax Bill Progress, How Pres. Trump Might Help, SALT Cap Latest
00:41:19 – Political Panel on Reaction to US Ratings Cut to AA1 From AAA By Moody’s, Is Tax Bill Progress In Jeopardy, Speaker Johnson’s Options
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