"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 -------- 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: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.din.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts
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