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

President Donald Trump threatened mass firings of federal workers as the US hurtles toward a shutdown with Democrats and Republicans at an impasse over funding the government.

“We may do a lot and that’s only because of the Democrats,” Trump said in response to a question about the number of government employees who could be dismissed during a shutdown. The White House last week directed agencies to draw up plans for widespread firings if the government closed down. So far, no agencies have explicitly called for terminations in their shutdown plans. 

With just hours to go until a midnight deadline, the deadlock over spending threatens to paralyze many US government operations for the first time in nearly seven years, causing the suspension of services for Americans and paychecks for federal workers. As many as 750,000 federal workers could be temporarily furloughed, even if Trump doesn’t proceed with permanent dismissals, the nonpartisan Congressional Budget Office estimated.

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:

• Republican Congressman Mike Lawler of New York.
• Bloomberg Washington Deputy Bureau Chief Laura Davison.
• Stonecourt Capital Partner Rick Davis and Harvard Kennedy School's Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino.
• Democratic Congresswoman Suzan DelBene of Washington.

See omnystudio.com/listener for privacy information.

President Donald Trump and Israeli Prime Minister Benjamin Netanyahu said they had agreed to a 20-point plan designed to end the war in Gaza, though the prospects for peace remained unclear without the direct involvement of Hamas.

Trump said the framework had the support of other leaders from the Middle East and Muslim majority nations during a press conference Monday alongside Netanyahu, suggesting it could lay the ground for a broader peace in the region. 

Still, the proposal — which mandates Hamas have no role in the future of Gaza — must be accepted by the militant group, which would need to agree to substantial concessions. Hamas, which sparked the war with an Oct. 7, 2023, attack on Israel said ahead of the Trump-Netanyahu meeting that it had not yet seen the plan and would need to study the proposal.

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

Bloomberg Washington Correspondents Joe Mathieu and Tyler Kendall 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 News Israeli Report Dan Williams
• Rep. Dusty Johnson on the looming government shutdown
• Stonecourt Capital Partner Rick Davis and Harvard Kennedy School's Ash Center Visiting Democracy Fellow Jeanne Sheehan Zain

See omnystudio.com/listener for privacy information.

A discussion of why and why not the US government will shutdown on October 1 -- and the implications for markets -- led Bloomberg Intelligence's Sept. 29 Washington Policy Pulse. We continue to note one of the most important impacts for market participants will be a potential lack of government data -- such as Bureau of Labor Statistics employment reports. We also discussed President Donald Trump's recent tariff announcements -- including a 100% tariff on films made outside the US. We have previously ascertained that such a tariff is on weak legal grounds. Finally, we discussed recent developments in the crypto space, impacting firms like Robinhood, Coinbase and Bullish. 

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

See omnystudio.com/listener for privacy information.

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

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 Deputy Bureau Chief Laura Davison.
• Stonecourt Capital Partner Rick Davis and Harvard Kennedy School's Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino.
• Minnesota Attorney General Keith Ellison.
• Non-Resident Senior Fellow with the Atlantic Council’s Eurasia Center Melinda Haring.

See omnystudio.com/listener for privacy information.

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

Former Governor Andrew Cuomo blasted his rival Zohran Mamdani’s candidacy in the race for mayor of New York City as “abhorrent” and the competition as a “battle for the soul” of the Democratic party.

“This is a civil war within the Democratic party where the extreme left is pulling the Democratic party and the moderates are afraid,” Cuomo said Thursday in an interview with Bloomberg TV. “The Democratic Party is not anti-business, it’s not anti-police. That’s not who we are.”

Cuomo, 67, is running as an independent and is polling in second place behind Mamdani, the Democratic nominee, in a four-way race that also includes Republican nominee Curtis Sliwa and incumbent Mayor Eric Adams.

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 Correspondent David Gura.
• Stonecourt Capital Parter Rick Davis and Democratic Governors Association External Affairs Director Ofirah Yheskel.
• Former New Hampshire Governor Chris Sununu, President of Airlines for America.

See omnystudio.com/listener for privacy information.

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

NATO allies are struggling to coordinate a response to Russian airspace violations, with partners in the defense alliance openly contradicting each other.

On Tuesday evening, Germany warned against the risks of shooting down Russian aircraft, while US President Donald Trump almost simultaneously showed he’s open to a more aggressive stance, backed by Poland and Baltic states. On Monday, Polish Prime Minister Donald Tusk threatened to shoot down aerial threats and stated there is “no room for discussion” about the policy.

The back and forth reveals worrying divisions within the alliance as Vladimir Putin tests its resolve. A series of incidents in which Russian aircraft have crossed into the airspace of NATO allies has sparked concern along its eastern flank and beyond. 

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 Mario Parker fills in for Kailey. They speak with:

• Bloomberg National Security Team Lead Nick Wadhams.
• Former US Diplomat Anja Manuel.
• Pangaea Policy Founder Terry Haines.
• Harvard Kennedy School's Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino and Bluestack Strategies Founder Maura Gillespie.

See omnystudio.com/listener for privacy information.

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

President Donald Trump assailed the United Nations and other countries in a grievance-laden speech that saw him accuse the world body of offering nothing but “empty words,” label climate change a “con job” and warn that open borders are destroying them.

Setting aside calls for unity, Trump began his speech to the UN General Assembly by venting his frustration that the UN hadn’t done more to support his diplomatic efforts. He faulted the organization over an escalator that broke down just as First Lady Melania Trump stepped onto it, said his teleprompter was also malfunctioning and ruminated on a two-decade-old grudge over his rejected bid to renovate the UN headquarters.

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 Economics Senior Geoeconomics Analyst Adam Farrar.
• Stonecourt Capital Partner Rick Davis and Harvard Kennedy School's Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino.
• Latvian President Edgars Rinkēvičs.

See omnystudio.com/listener for privacy information.

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

Oracle Corp. would provide security and help oversee the re-creation of a new US version of TikTok’s algorithm under a deal taking shape to sell the popular Chinese-owned app to a consortium of American investors, a White House official said, addressing a key concern raised by lawmakers in Washington.

The arrangement, outlined by the official on Monday, seeks to ensure that the American buyers control TikTok’s recommendation software in the US following a divestiture by its Chinese parent, ByteDance Ltd. Owners of the US-based TikTok would lease a copy of the algorithm from ByteDance that would then be retrained “from the ground up” with Oracle’s oversight, according to the official.

Data from US users would be stored in a secure cloud managed by Oracle with controls established to keep out foreign adversaries, including China, the official said. Beijing-based ByteDance would not have access to information on TikTok’s US subscribers, nor would it have any control over the algorithm in the US, the official said.

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 Senior Editor Michael Shepard.
• Democratic Congressman Emanuel Cleaver of Missouri.
• Pennsylvania Governor Josh Shapiro.
• Stonecourt Capital Partner Rick Davis and Harvard Kennedy School's Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino.
• European Commission Executive Vice President for Clean, Just and Competitive Transition Teresa Ribera.

See omnystudio.com/listener for privacy information.

The Bloomberg Intelligence Financial Washington 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

See omnystudio.com/listener for privacy information.

President Trump's efforts to redefine federal relations with higher education have major implications for how the US funds research. From his 50-year tenure as President of Bard, Leon Botstein brings a broader perspective to what he believes is at stake for the country. He speaks with David Westin on this special bonus edition of the Bloomberg Wall Street Week podcast. 

See omnystudio.com/listener for privacy information.