Trump Blocks Housing Bill Until SAVE Act is Passed | Balance of Power 06/25/2026

"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today's show, Rep. Bryan Steil, a Wisconsin Republican, says he believes the bipartisan housing bill President Trump delayed signing will ultimately be enacted, citing overwhelming support in Congress. Joe LaVorgna, SMBC Americas Chief Economist and former Counselor to Treasury Secretary Scott Bessent, says the Fed will not cut rates and may need to raise them as PCE inflation rises to a three-year high. Democratic Rep. Sean Casten of Illinois says he is "very encouraged" House Speaker Mike Johnson will send President Donald Trump the bipartisan housing bill, arguing the move suggests Johnson is standing up to Trump as the president's poll numbers fall. Chapters: 00:01:29 Bloomberg’s Josh Wingrove on Report: Speaker Johnson Meets with Trump at White House 00:04:35 Representative Bryan Steil (R-WI) on Trump Blocks Housing Bill Signing Until SAVE Act is Passed 00:07:43 Rep. Bryan Steil (R-WI) on Trump’s Demand for Voter ID Legislation 00:13:35 Power Moves: Top Financial Moves 00:17:21 SMBC Americas Chief Economist Joseph Lavorgna on US Inflation Hits Three-Year High 00:24:50 The Debrief with Bloomberg’s Mario Parker: Housing Bill Stall, Trump Urges GOP to Stop Legislative Blockade 00:30:33 Representative Sean Casten (D-IL) on Speaker Johnson Says he will Send Trump Housing Bill 00:35:52 Rep. Sean Casten (D-IL) on Pres. Trump Seeks $88B For Iran War, Farmer Aid 00:40:43 Political Panel Reacts: Housing Bill, Strait of Hormuz, Speaker Johnson -------- 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:   / bloombergtv   Facebook:   / bloombergtelevision   Instagram:   / bloombergtv   Connect with Bloomberg Business on: X:   / business   Facebook:   / bloombergbusiness   Instagram:   / bloombergbusiness   TikTok: https://www.tiktok.com/@bloombergbusi... Reddit:   / bloomberg   LinkedIn:   / bloomberg-news   More from Bloomberg: Bloomberg Radio:   / bloombergradio   Bloomberg Surveillance:   / bsurveillance   Bloomberg Politics:   / bpolitics   Bloomberg Originals:   / bbgoriginals   Watch more on YouTube: Bloomberg Technology:    / @bloombergtechnology   Bloomberg Originals:    / @business   Bloomberg Quicktake:    / @bloombergquicktake   Bloomberg Espanol:    / @bloomberg_espanol   Bloomberg Podcasts:    / @bloombergpodcasts