Washington Update: Key political and economic developments

In a recent episode of Balance of Power: Early Edition on June 26, 2025, hosts Joe Mathieu and Kailey Leinz explored major updates from Washington, D.C. They discussed critical political and economic issues shaping the U.S. and beyond.

The show featured insights from notable figures, including Bill Hoagland from the Bipartisan Policy Center, Republican Congressman Troy Downing of Montana, and Anne Neuberger, former Deputy National Security Advisor for Cyber and Emerging Technology. A key focus was the challenges facing a proposed tax bill, which hit a roadblock due to Senate rules.

This could impact healthcare funding, especially for rural hospitals, raising concerns among lawmakers. The discussion highlighted the delicate balance between cutting taxes and maintaining fiscal responsibility, with some Republicans worried about the bill’s cost. The program also touched on market trends, with the S&P 500 climbing 38 points and the Nasdaq rising 136 points.

The 10-year Treasury yield stood at 4.26%, reflecting steady economic activity. Additionally, fewer Americans filed for unemployment benefits, signaling a strong job market despite global uncertainties. An exclusive interview with the Commerce Secretary was teased for the late edition, promising deeper insights into trade and policy.

The show emphasized the fast-moving nature of Washington’s political landscape, offering viewers a clear picture of how these developments affect both the economy and everyday Americans.