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
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