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

President Donald Trump denied that he is considering strikes on Venezuela, contradicting a media report that he’d given approval for such a move as well as his own past statements that he was preparing land attacks after a series of boat strikes.

Trump replied “no” when asked by reporters Friday aboard Air Force One if it was true he is weighing whether to attack military sites in Venezuela. He said “no” again when asked if he had decided on the matter.

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 Deputy Washington Bureau Chief Laura Davison.
• Former Commander of US Southern Command Wesley Clark.
• Stonecourt Capital Partner Rick Davis and Bellwether Government Affairs CEO Arshi Siddiqui.
• Bloomberg National Security Reporter Tony Capaccio.

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Donald Trump and Xi Jinping agreed to extend a tariff truce, roll back export controls and reduce other trade barriers in a landmark summit on Thursday, potentially stabilizing relations between the world’s biggest economies after months of turmoil. 

In the first sitdown between the leaders since Trump’s return to the White House, the pair agreed China would pause sweeping controls on rare-earth magnets in exchange for what Beijing said was a US agreement to roll back an expansion of restrictions on Chinese companies. The US will also halve fentanyl-related tariffs on Chinese goods, while Beijing resumes purchases of soybeans and other American agricultural products.

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.
• Peterson Institute for International Economics Senior Fellow Mary Lovely.
• ROKK Solutions Senior Vice President Lisa Camooso Miller and Former Special Assistant to President Joe Biden Meghan Hays.
• Democratic Congressman Jake Auchincloss of Massachusetts.

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Food stamps are fast becoming the centerpiece of congressional Republicans’ and Democrats’ shutdown stare-down as nutritional benefits for 41 million Americans threaten to dry up in just three days.

After weeks of seeming inaction and stalemate inside the Capitol, both sides are eyeing the deadline as a way to pressure the other into making a deal. The issue took center stage after Vice President JD Vance said Tuesday that the White House believes it can pay troops this Friday, once again taking a political grenade — missed paychecks for the military — off the table.

The maneuver would clear the way for missed Supplemental Nutrition Assistance Program benefits Saturday to become the No. 1 pressure point on lawmakers to end a nearly month-long government shutdown.

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.
• Bloomberg International Economics and Policy Correspondent Michael McKee.
• Republican Senator Shelley Moore Capito of West Virginia.
• Republican Congressman Chuck Fleischmann of Tennessee.

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President Donald Trump hailed the US’s alliance with Japan, reaffirming ties with a longstanding partner and praising new Prime Minister Sanae Takaichi on her plans to ratchet up defense spending as the pair met in Tokyo.

“I want to just let you know anytime you have any question, any doubt, anything you want, any favors you need, anything I can do to help Japan, we will be there,” Trump said. “We are an ally at the strongest level.”

Trump also offered optimism that the two sides had overcome their trade disputes. 

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 Bloomberg's David Gura is in for Joe and Kailey. David speaks with:

• Bloomberg Washington Correspondent Tyler Kendall.
• US Ambassador to NATO Matthew Whitaker.
• Bloomberg Capitol Influence Team Lead Megan Scully.
• Bully Pulpit International Managing Director Adam Hodge and Brownstein Hyatt Farber Schreck Policy Director Greta Joynes.
• Republican Congressman Greg Murphy of North Carolina.
• Bloomberg News Weather Reporter Lauren Rosenthal.

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A meeting Thursday between Presidents Donald Trump and Xi Jinping is set to be one of the key diplomatic events of the year, with the US-China economic relationship at stake following multiple rounds of escalating tensions and temporary truces.

Trump told traveling reporters Monday on Air Force One that while nothing has yet been agreed, he felt good going into the meeting with Xi set to take place on the sidelines of the Asia-Pacific Economic Cooperation summit in South Korea.

US Treasury Secretary Scott Bessent, speaking in the same briefing, said a framework for Trump and Xi to finalize was forged over weekend talks with China, whose delegation was headed by Vice Premier He Lifeng.

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 Bloomberg's David Gura is in for Joe and Kailey. David speaks with:

• Bloomberg Washington Correspondent Tyler Kendall.
• Former Acting White House Chief of Staff Mick Mulvaney.
• Harvard Kennedy School's Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino and Bluestack Strategies Founder Maura Gillespie.
• Bloomberg Buenos Aires Bureau Chief Patrick Gillespie.
• Wiley Rein National Security Practice Group Lead Nazak Nikakhtar.

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A status update on proposals from the Federal Reserve -- such as the rule known as the Basel III endgame to another one on a banks' G-SIB -- led Bloomberg Intelligence's Washington Policy Pulse on Oct. 27. While Bloomberg News reports that the Fed may increase capital requirements 3%-7% via the Basel III endgame, other actions could ultimately negate that impact for banks like Bank of America, JPMorgan and Goldman Sachs. We also discussed news reports that Treasury Secretary has narrowed down a list of potential Fed chairs to five individuals as well as an upcoming Senate vote on a resolution disapproving President Donald Trump's Canada and Brazil tariffs. It should be noted that move is largely symbolic. 

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 D.C. 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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A delayed snapshot of inflation in September came in softer than expected, potentially offering a path for the Federal Reserve to cut interest rates beyond next week’s meeting.

The core consumer price index, excluding the often volatile food and energy categories, increased 0.2% from August, according to Bureau of Labor Statistics data out Friday. That was the slowest pace in three months and restrained by the smallest increase in a key measure of housing costs since early 2021.

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 Bloomberg's Tyler Kendall is in for Kailey. Joe and Tyler speak with:

• Bloomberg International Economics and Policy Correspondent Michael McKee.
• Republican Congressman Mark Alford of Missouri.
• Lexington Institute Vice President Rebecca Grant.
• Stonecourt Capital Partner Rick Davis and Harvard Kennedy School's Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino.

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Eric Adams will endorse Andrew Cuomo for New York City mayor, a reversal for the incumbent mayor after he accused his former challenger of being a “snake and a liar” just weeks ago in the contentious battle for Gracie Mansion.

The endorsement, part of an effort to bolster Cuomo’s campaign against frontrunner Zohran Mamdani, comes less than two weeks before the November election. Adams and Cuomo were seen together court-side at the Knicks game Wednesday night following the final mayoral debate. The endorsement was reported earlier by the New York Times.

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 Bloomberg's Tyler Kendall is in for Kailey. Joe and Tyler speak with:

• Bloomberg Correspondent David Gura.
• Stonecourt Capital Partner Rick Davis and Bully Pulpit International Managing Director Adam Hodge.
• Bloomberg Intelligence Senior Commodity Strategist Mike McGlone.
• Former US Ambassador James Jeffrey.

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Members of the ultra-conservative House Freedom Caucus and at least one influential Republican chairman are pushing for a long-term stopgap spending bill as part of their strategy to end the ongoing US government shutdown. 

Their push runs counter to comments from House Speaker Mike Johnson and members of the powerful appropriations committee, who have said they want to negotiate individual spending bills for fiscal year that started Oct. 1. That would likely require another short-term bill to grant lawmakers enough time to finalize the comprehensive legislation.

Republicans remain united behind a short-term bill to fund the government until Nov. 21 — a plan that Democrats have repeatedly blocked in the Senate. But GOP lawmakers acknowledge that deadline is rapidly approaching and quickly need to develop a new plan to fund the government past that date.

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 Bloomberg's Tyler Kendall is in for Kailey. Joe and Tyler speak with:

• Alliance for Competitive Taxation Spokesman Kevin Brady.
• House Ways and Means Committee Chairman Jason Smith.
• Stonecourt Capital Partner Rick Davis and Harvard Kennedy School's Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino.

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

US Vice President JD Vance said he remains optimistic about the future of a ceasefire between Israel and Hamas despite a flareup in violence over the weekend, part of a bid to keep talks progressing on the future of Gaza.

Vance spoke Tuesday at the base of a multinational monitoring force near Gaza. He traveled to the region about a week after President Donald Trump unveiled a US-led agreement to end the two-year war between Israel and Hamas, starting with a truce and exchange of Hamas’s last living hostages for almost 2,000 Palestinian prisoners. 

“There are going to be hills and valleys,” Vance said, flanked by Trump’s son-in-law Jared Kushner and presidential envoy Steve Witkoff. “There are going to be moments where it looks like things aren’t going particularly well. But given that, and given the history of conflict, I think that everybody should be proud of where we are today.”

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 Bloomberg's Tyler Kendall is in for Kailey. Joe and Tyler speak with:

• Bloomberg National Security Team Lead Nick Wadhams.
• Center for Strategic and International Studies Non-Resident Senior Associate Natasha Hall.
• Harvard Kennedy School's Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino and Bluestack Strategies Founder Maura Gillespie.
• Republican Congressman Bryan Steil of Wisconsin.
• Bloomberg News Economic Statecraft Reporter Joe Deaux.

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