Senate GOP Clashes With House on Trump Tax Bill | Balance of Power Late Edition 6/11/2025

From Bloomberg Markets and Finance.

"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today’s show, White House Council of Economic Advisers Chair Stephen Miran says inflation has been successfully coming down because of President Donald Trump’s policies. Xavier Becerra, former California Attorney General, weighs in on the Los Angeles protests, Governor Newsom suing the Trump Administration, and his reaction to the President deploying the National Guard and Marines into the city. US Energy Secretary Chris Wright discusses oil prices surging as reports suggest the United States potentially evacuating its embassy staff in Baghdad.

Chapters:
00:00:00 – Balance of Power: Late Edition Begins
00:02:31 – Bloomberg’s Kate Davidson on What to Understand From US China Trade Deal, US CPI Data & Federal Reserve
00:04:53 – Stephen Miran, Chair of the White House Council of Economic Advisers, on CPI Data, Inflation, Tax Bill, & Tariffs
00:14:39 – Xavier Beccera, Fmr. Attorney General (D) California, on LA Protests, Reaction to National Guard & Marines
00:24:51 – Bloomberg’s Romaine Bostick on Oil Surges as US Pares Embassy Staff in Baghdad
00:26:18 – US Energy Secretary Chris Wright on Oil Surges, Domestic Crude Production, Tax Bill & Clean Energy
00:34:02 – Major Stories Following Today
00:37:16 – Political Panel Reaction to Senate GOP Clashes With House Tax Bill, Changing SALT Cap, Trump on Reconciling With Musk
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