"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today’s show, Michael Faulkender, US Treasury Deputy Secretary, discusses President Trump signing the Genius Act into law and how big he thinks the stablecoin market will grow & how that will translate to treasury demand. Rep. Brad Sherman (D) California shares his thoughts on why he voted no on the Genius Act, and whether or not he is frustrated with his Democratic colleagues who agreed with the legislation.
Chapters:
00:00:00 – Balance of Power: Late Edition Begins
00:02:34 – Michael McKee on Will Additional Federal Reserve Governors Join Fed. Gov. Waller & Dissent If Rates Aren’t Cut in July
00:05:32 – Michael Faulkender, US Treasury Deputy Secretary, On Pres. Trump Signing Genius Act, Benefit Of Stablecoin, Boost Treasury Demand
00:15:45 – Wendy Benjaminson on Pres. Trump Moves to Release Epstein Documents
00:19:17 – Political Panel Reaction to Pres. Trump on Defense Over New Epstein Allegations
00:24:15 – Bloomberg Power Brief: Top Stories Watching Tonight
00:26:30 – Rep. Brad Sherman (D-CA) on Voting No on Genius Act, Concerns With Stablecoin, Thoughts on Trump Admin. Argument For Lower Rate Cuts
00:38:44 – Political Panel Reaction to Pres. Trump Large Legislative Week, Rescissions Package Passed, Polling of Americans on Tax Bill
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