Senate Begins Funding Process Amidst Threat of Shutdown | Balance of Power: Early Edition 7/10/2025

/ July 10, 2025

From Bloomberg Markets and Finance.

On the early edition of Balance of Power, Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz discuss the Senate advancing the first tranche of government-funding bills and Trump’s rescission package facing key vote. On today’s show Representative Chuck Fleischman (R-TN), Senator Shelley Moore Capito (R-WV), Bellwether Government Affairs CEO Arshi Siddiqui, Stonecourt Capital Partner Rick Davis, and Senior Research Scholar at Columbia University’s School of International and Public Affairs David Shimer.

Chapters:
00:00:00 – Balance of Power: Early Edition Starts
00:04:56 – Erik Wasson Breaks Down Political Battles Raging Over Congressional Spending Bills
00:07:47 – Rep. Chuck Fleischmann (R-TN) on Senate Panel Advancing First Tranche of Funding Bills, Threat of Shutdown
00:22:30 – Sen. Shelley Moore Capito (R-WV) Talks Rescission Package Vote, Hurdles Still Facing Trump’s New Tax Bill
00:29:13 – Rick Davis and Arshi Siddiqui Discuss Lack of Bipartisanship for Rescissions Package, Democratic Leadership
00:37:33 – Fmr. NSC Dir. For Eastern Europe & Ukraine David Shimer on Trump Reversing Course and Resuming Aid to Ukraine
00:45:04 – Nasawatch.com Editor Keith Cowing on Trump Naming Sean Duffy Interim Head of NASA, State of Agency
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