“Balance of Power” focuses on the intersection of politics and global business. On today’s show, Rep. Troy Downing (R-MT) says that proposed $5,000 checks could add to the deficit and fuel inflation as he raises concerns about the plan’s price tag. Rep. Raja Krishnamoorthi (D-IL) says that he expects Leon Black will be held in contempt after the House Oversight Committee panel voted to advance the matter to the full House.

Chapters:

00:05:20 Rep. Troy Downing (R-MT) on Treasury Yields and $5,000 Checks
00:07:44 Rep. Troy Downing (R-MT) on Downing on Inflation and the Fed
00:09:41 Rep. Troy Downing (R-MT) on Downing on AI Risks and US-China Competition
00:13:47 Power Moves: Top Financial Moves
00:16:16 Antony Blinken, Former US Secretary of State, on AI Safety and China
00:20:26 Antony Blinken on Iran and Ending the War
00:23:09 Antony Blinken on Russia Sanctions and Ukraine
00:26:42 Bloomberg’s Erik Wasson on House Advances Russia Sanctions Bill, Crypto Legislation’s Future After Senate Setback
00:28:58 Political Panel Reacts: Mail-In Voting and Supreme Court, Trump and the Kennedy Center, AI and Data Centers
00:42:03 Bloomberg’s Jeff Mason on Supreme Court Rejects Mail-In Voting Restrictions
00:43:22 Rep. Raja Krishnamoorthi (D-IL) on Leon Black Contempt Vote
00:46:22 Rep. Raja Krishnamoorthi (D-IL) on AI Risks and Data Centers
00:48:22 Rep. Raja Krishnamoorthi (D-IL) on Russia Sanctions Bill

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Just a few decades ago, programs like Star Wars, the Reagan-era missile defense system, seemed like a pipedream; today, lasers can shoot down missiles and much more.

Col. Wayne Sanders (Ret.) of Bloomberg Intelligence joins Joe Weisenthal and Tracy Alloway on the Odd Lots podcast to discuss today’s most sophisticated weapons system and how laser weapons became a reality.
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More on Bloomberg Television and Markets

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Anthropic is on track to generate annualized revenue of more than $65 billion based on its current performance, that’s up more than seven times from its pace at the end of last year, as Tom Mackenzie reports.
——–
More on Bloomberg Television and Markets

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SEC Chair Gary Gensler says there is still more work to be done when it comes to the crypto market during an interview with David Gura on “Bloomberg Markets.” Gensler will step down from the SEC on January 20, 2025.

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Dec.22 — Paul Allen in Sydney and Shery Ahn in New York drive to the Asia, Australia and New Zealand market opens while wrapping the biggest stories of the previous day on Wall Street.

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