Insight & analysis on the White House and Capitol Hill.

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Donald Trump is embarking on a travel blitz aimed at shoring up struggling Republicans in states he won two years ago, as the president’s mood darkens about his party’s prospects in the November midterm elections. 

In the coming days, Trump plans to appear in Texas, Oklahoma, Ohio and Nebraska, GOP strongholds where a visit could deliver a jolt of energy to his base. But the choice of destinations points to a cold reality for Trump: a presidential appearance on behalf of office-seekers in competitive states might hurt more than it helps. 

Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with:

• Bloomberg Washington Correspondent Tyler Kendall.
• Bloomberg Opinion Contributor Gautam Mukunda.
• Bloomberg News Capitol Influence Deputy Team Lead Mike Dorning.
• Bloomberg News Senior Editor for Equities Eric Weiner.

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Insight & analysis on the White House and Capitol Hill.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.

The Federal Reserve’s internal watchdog found no evidence of criminal wrongdoing in the central bank’s renovation of its Washington headquarters, a $2.4 billion project that became a flashpoint between the Fed and the Trump administration as the president pushed for lower interest rates last year.

The findings came in a report released Wednesday by the Office of Inspector General that identified a series of missteps that led to surging costs for the renovation from an initially budgeted $1.3 billion in 2020.

“At no point during our evaluation did we find reasonable grounds to believe that a violation of federal criminal law had occurred requiring a referral to the US Attorney General in accordance with the Inspector General Act,” the OIG said. “Further, while our report outlines deficiencies in the management of the renovation project, resulting in our recommended corrective actions in accordance with the Inspector General Act, we did not identify administrative misconduct during our evaluation.”

Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with:

• Bloomberg International Economics and Policy Correspondent Michael McKee.
• Republican Senator Ted Budd of North Carolina.
• Stonecourt Capital Partner Rick Davis and Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino.
• Democratic Congressman Ami Bera of California
• Bloomberg News Chief Global Aviation Correspondent Siddharth Philip.

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Insight & analysis on the White House and Capitol Hill.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.

President Donald Trump shot down the idea of new federal regulations on artificial intelligence after meeting at the White House with top industry executives amid growing global concerns over threats posed by the technology.

Speaking Tuesday after a luncheon with nearly two dozen Silicon Valley leaders, including Anthropic PBC Chief Executive Officer Dario Amodei and Nvidia Corp. CEO Jensen Huang, Trump said existing laws would be enough to safeguard Americans from AI’s potential risks. 

“There’s a belief that there should be tremendous self-regulation, and we automatically have regulation with the Department of Justice, the FBI, all of that, but the self-regulation is very important,” the president told reporters in a brief appearance with his guests. 

Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with:

• Bloomberg Washington Correspondent Tyler Kendall.
• Republican Congressman James Comer of Kentucky, Chairman of the House Oversight Committee.
• Stonecourt Capital Partner Rick Davis and Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino.
• WestExec Advisors Principal Laura Galante.
• Former New York Governor Andrew Cuomo.

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Insight & analysis on the White House and Capitol Hill.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.

Global anxiety over artificial intelligence risks has intensified following fresh disclosures about a far wider range of breaches by advanced AI models, setting the stage for a high-stakes meeting between Anthropic PBC Chief Executive Officer Dario Amodei and President Donald Trump.

Amodei and Trump met on Sunday night, according to a White House official, bringing together two men at opposite ends of the AI safety debate. The meeting marked their first private sit-down after months of rocky relations between the Anthropic chief and the administration over safety-related issues involving the company’s AI tools.

Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with:

• Bloomberg White House Correspondent Skylar Woodhouse.
• Beacon Global Strategies Managing Director Michael Allen.
• Stonecourt Capital Partner Rick Davis and Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino.
• Bloomberg News Capitol Influence Reporter Erik Wasson.
• The Cook Political Reporter US House of Representatives Editor Erin Covey.

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Insight & analysis on the White House and Capitol Hill.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.

President Donald Trump said he would meet again with Chinese leader Xi Jinping in November, following what he said was a successful summit in Washington.

“We will be meeting again in November, in China, and then at the G20 in December, in Miami, Florida. Much has been, and will be, accomplished,” Trump said in a social media post Friday.

Trump’s comments followed a summit in Washington with Xi that was seemingly light on concrete policy outcomes. Earlier Friday, US Trade Representative Jamieson Greer said the US would announce agreements with China on trade in non-sensitive goods, which could be made public as soon as Monday. 

Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe speaks with:

• Bloomberg White House Correspondent Jennifer Dlouhy.
• Beacon Global Strategies Managing Director Sara Schuman.
• Stonecourt Capital Partner Rick Davis and Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino.
• Former Republican Congressman Patrick McHenry, Bloomberg Contributor.
• FIL Inc. CEO Frank Luntz.

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Insight & analysis on the White House and Capitol Hill.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.

Donald Trump and Xi Jinping addressed their intense competition over artificial intelligence on Thursday during a summit aimed at keeping ties between the world’s largest economies on track. 

How the leaders are handling AI is one of the key questions looming over the state visit, with the US president arguing for unfettered development to keep his nation’s edge. China, meanwhile, has criticized American export controls on semiconductors and other inputs that it argues constrains its companies.

Trump said the two men would discuss issues related to security, technology and AI. “If we focus on our common interests, I’m confident there is much we can achieve throughout history,” he said during remarks in the Grand Foyer of the White House. 

Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe speaks with:

• Bloomberg Washington Correspondent Tyler Kendall.
• Democratic Senator Michael Bennet of Colorado.
• EqualAI President and CEO Miriam Vogel.
• Republican Senator Steve Daines of Montana.

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Insight & analysis on the White House and Capitol Hill.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.

Xi Jinping and Donald Trump will sit down this week to hash out a plethora of thorny issues from trade to Taiwan. One thing both sides agree on: neither can afford to tap the brakes on AI.

While Silicon Valley debates the possibility of artificial intelligence wiping out humanity, Washington and Beijing appear more worried about global technological supremacy. The two countries have signaled no intention to slow down AI development — a debate that flared anew after Anthropic PBC co-founder Dario Amodei warned of the dangers of unbridled progress in a 3,800-word communique.

Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with:

• Senator Mark Kelly (D-AZ).
• Stonecourt Capital Partner Rick Davis and Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino.
• Bloomberg News White House and Washington Correspondent Josh Wingrove.
• Republican Congressman Tim Burchett of Tennessee.

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Insight & analysis on the White House and Capitol Hill.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.

President Donald Trump said US officials had a “very good” meeting with Iranian envoys in New York, reviving fragile hopes for a new diplomatic off-ramp hours after he again threatened to annihilate the country.

Trump said the three-hour meeting — held on the sidelines of the UN General Assembly meeting — was “very productive” and that another was being planned for the near future. Iran has yet to comment on the meeting or say who attended.

Trump later said his special envoys Steve Witkoff and Jared Kushner had participated in the meeting. The pair had led negotiations with Iran that preceded the US and Israeli military campaign that began in late February and has roiled the Middle East, as well as global energy markets.

Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with:

• Bloomberg Washington Correspondent Tyler Kendall.
• Republican Congressman Carlos Gimenez of Florida
• Democratic Congresswoman Lori Trahan of Massachusetts.
• Former US Diplomat Brett Bruen.

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A preview of the meeting between President Donald Trump and Chinese President Xi Jinping led Bloomberg Intelligence's Washington Policy Pulse for Sept. 21. Topics that could be discussed at the summit include artificial intelligence regulations, tariffs, the conflict with Iran and the likelihood of Chinese automobiles in the the US market. We also discussed the future of AI regulations in the US, where legislation and regulatory views seem to differ, allowing states to take their place. We also reviewed a speech from the Fed Vice Chair for Supervision on the future of rulemakings related for stress testing and bank capital.

The Bloomberg Intelligence Financial Policy weekly call is designed to provide investors an opportunity to learn about the most recent relevant policy research, information regarding forthcoming political catalysts and other on-goings within Washington DC.  

The call is open to all and is held every Monday at 10:00 a.m. EST. You can register for the call here: https://bloomberg.zoom.us/webinar/register/WN__PqCkwY-S2m3hbQqvVC1_Q#/registration

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Insight & analysis on the White House and Capitol Hill.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.

US and Chinese officials offered upbeat assessments of their talks on artificial intelligence, trade and investment, signaling a mutual desire to steady ties ahead of this week’s summit between leaders Donald Trump and Xi Jinping.

China’s top trade negotiator, Li Chenggang, said the talks were held in a “good atmosphere” as he left JPMorgan Chase & Co.’s headquarters in New York on Sunday, while US Treasury Secretary Scott Bessent lauded “very successful” discussions. China’s official Xinhua News Agency called the exchange “candid, in-depth and constructive.”

Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with:

• Bloomberg Washington Correspondent Tyler Kendall.
• Stonecourt Capital Partner Rick Davis and Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino.
• Bloomberg Intelligence US Media Analyst Geetha Ranganathan.
• American Enterprise Institute Senior Fellow Heather Conley.
• Bloomberg News Global Aviation Chief Correspondent Siddharth Philip.
• Democratic Congressman Don Beyer of Virginia.

See omnystudio.com/listener for privacy information.