Politics News

Federal immigration officers targeted a construction site in rural Louisiana where Meta Platforms Inc. is building its largest data center, leading to the arrest of two individuals, according to local law enforcement.

The US on Wednesday announced an indefinite suspension of processing immigrant visas for people from 75 countries, in an escalation of the Trump’s administration’s crackdown on immigration.

President Xi Jinping is set to meet Canada's Prime Minister Mark Carney, who joins a procession of world leaders visiting Beijing to mend fences with China. Bloomberg's Stephen Engle reports. (Source: Bloomberg)

President Donald Trump insisted he does not plan to fire Federal Reserve Chair Jerome Powell despite a Justice Department probe into the central bank’s renovation.

President Donald Trump faulted Ukraine’s leader Volodymyr Zelenskiy as the main obstacle to an agreement to end the war Russia launched against his country four years ago.

"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today's show, Senator Thom Tillis (R) North Carolina states he is skeptical of President Trump's claim that the killing in Iran has stopped and shares his frustration that the President is surrounding himself with people who give him bad advice. Former US Representative Jane Harman (D) California states this is a hugely dangerous moment in geopolitics for America since President Trump's been in office. (Source: Bloomberg)

Japan’s largest opposition party and a former ruling coalition partner are in discussions to cooperate more deeply in an upcoming election, with an eye on a potential merger, according to local media.

The US Supreme Court didn’t rule on challenges to President Donald Trump’s tariffs Wednesday, leaving the world to wait until at least next week to learn the fate of his signature economic policy. The court hasn’t said when it will issue its next opinions but could schedule more decisions on Tuesday or Wednesday, when the justices again are in session. Matt Hornbach, Global Head of Macro Strategy at Morgan Stanley, joins Bloomberg Businessweek Daily to discuss. Hornbach and his team recently published a note about potential tariff ruling scenarios, including what the US Treasury's financing needs could be in the case of refunds. Hornbach speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)

Chair Jerome Powell, who’s largely turned the other cheek to years of President Donald Trump’s barbs, came out fighting after the Fed got served subpoenas hinting at criminal charges. For the first time, he explicitly accused the president of attempting a power grab. What’s at stake, Powell said, is whether interest rates will be based on “political pressure or intimidation” instead of the US economy’s needs. Michael Townsend, Managing Director of Legislative and Regulatory Affairs at Schwab, joins Bloomberg Businessweek Daily to discuss. He also weighs in on the Supreme Court not ruling on President Trump's tariffs Wednesday, how Trump's new world order is impacting international and business norms, and more. Townsend speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)

Japanese Prime Minister Sanae Takaichi will call a snap election early in the parliamentary session starting later this month, in a bid to shore up her leadership and secure a mandate for the new ruling coalition. (Source: Bloomberg)

Today on the Big Take: Weeks of protests and the prospect of international intervention pose existential threats to Iran’s regime.

To Lam is seeking a pair of roles going into a crucial Communist Party Congress in order to consolidate power, as his reforms draw praise from business but meet resistance within party ranks.

Corporate America is entering the second year of Donald Trump’s second term with a new, hard-won understanding: The president’s personal interventions can shape business as profoundly as any economic force. From public attacks on media conglomerates to the ever-present threat of new tariffs, Trump has spent the past year blowing past the norms that have traditionally governed relations between the Oval Office and titans of industry. Bloomberg News Senior Management and Workplace Reporter Matt Boyle joins Bloomberg Businessweek Daily to discuss. He speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)

Former US Representative Jane Harman (D) California states this is a hugely dangerous moment in geopolitics for America since President Trump's been in office. She talks about President Trump suggesting the killings in Iran has stopped but questions where is the proof, what she believes is Trump's best approach for phase two of the Gaza Deal, and lastly what she expects when Venezuelan officials meet with the President Thursday. Jane Harman speaks with Joe Mathieu and Julie Fine on the late edition of Bloomberg's "Balance of Power." (Source: Bloomberg)

Carolyn Tisch Blodgett is the CEO and founder of Next 3, where she oversees the investment and management of a portfolio of assets in the sports, media and entertainment space. She also serves as co-owner and governor of the reigning Nation Women's Soccer League champions, Gotham FC. The increasingly popular league is facing challenges as top European leagues and other organizations drive up the price tags for top players. Carolyn discusses the financial health of the NWSL as well as the growth surge in women's sports more broadly with Carol Massar, Tim Stenovec and Bloomberg News Sports Reporter Vanessa Perdomo on Bloomberg Businessweek Daily. (Source: Bloomberg)

President Donald Trump’s pressure campaign to unify his party behind his takeover of Venezuela succeeded Wednesday when all but three Senate Republicans voted to block a resolution opposing further military action in the country.

Senator Thom Tillis (R) North Carolina states he is skeptical of President Trump's claim that the killing in Iran has stopped and shares his frustration that the President is surrounding himself with people who give him bad advice. He also talks about his view on the US Greenland relationship, if he believes there needs to be a vote on the War Powers Resolution, and his thoughts on the DOJ investigation into Fed Chair Jerome Powell. Senator Tillis speaks with Joe Mathieu on the late edition of Bloomberg's "Balance of Power." (Source: Bloomberg)

The US State Department will pause issuing immigrant visas for people from 75 countries including Brazil, Somalia and Iran. Eric Martin has more on "Balance of Power." (Source: Bloomberg)

President Donald Trump said he had a “very good call” with acting Venezuelan President Delcy Rodriguez on Wednesday, hailing her cooperation with his administration a day before he is scheduled to meet with the country’s opposition leader.

A major sugar industry group is urging the US Department of Agriculture to raise its standards for refined sugar imports, saying current requirements permit lower-grade products into the country.