Big Take

As the debate about President Trump’s tax bill — known as the “One Big Beautiful Bill” — plays out among lawmakers in Washington, there’s been increasingly heated criticism of the non-partisan Congressional Budget Office. It calculates the costs and savings from the bill — including from the White House. 

On today’s episode of the Big Take, host Saleha Mohsin sits down with CBO director Phillip Swagel to hear how his agency churns out economic forecasts from inside the center of a political storm.

Further listening: Stephen Miran Explains Why There’s No Secret Dollar Pact

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Teams from China used to dominate international hacking competitions, until Beijing ordered them to stop attending and take part only in domestic tournaments.

On today’s Big Take Asia Podcast, host K. Oanh Ha talks to Bloomberg’s Jamie Tarabay about how tournaments are helping boost China’s cyber-espionage capabilities and what that means for the world.

Read more: Chinese Hacking Competitions Fuel the Country’s Broad Cyber Ambitions - Bloomberg

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President Trump was in Canada this week for the Group of Seven summit. But after dinner on Monday night, Trump left early, citing the conflict in the Middle East.

On today’s Big Take podcast, host David Gura speaks with Bloomberg’s Nick Wadhams in Calgary to unpack what Trump’s move could mean for Ukraine, the Middle East, trade — and for G-7 summits going forward.

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Conflict between Iran and Israel has been simmering for decades — but escalated rapidly in the last few days after Israel bombed key nuclear facilities in Iran. 

As world leaders convene for the G-7 in Canada this week — many are concerned about the prospect of continued fighting and a broader regional conflict.

Today on the Big Take podcast, Golnar Motevalli, who covers Iran for Bloomberg, joins host Sarah Holder to discuss the on-the-ground reality in both countries, the choices facing their heads of state and what other world leaders might do to encourage a deescalation.

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Today on the Big Take, we bring you a new episode of Trumponomics, straight from the live stage at Bloomberg’s Hong Kong Invest conference.

Stephanie Flanders leads a panel from the Hong Kong Invest conference to unpack the latest round of high-stakes trade talks between the US and China, exploring why Beijing may still have the upper hand and how far any decoupling of the two economies will go. 

She's joined by Robin Xing, Chief China Economist at Morgan Stanley, Lotus Asset Management Chief Investment Officer Hao Hong, and Bloomberg reporter Rebecca Choong Wilkins. 

Further reading: Why China Can Afford to Wait for a Deal, and the US Can’t

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Ahead of next week’s G-7 Summit in Calgary, Canada, Bloomberg Weekend Editor-at-Large Mishal Husain sat down for an exclusive interview with British Prime Minister Keir Starmer.

The wide-ranging conversation touched on Israel’s ongoing strikes on Iran’s nuclear facilities, the US-UK trade agreement, defense spending and more. 

Read more: Starmer Says UK Has ‘Grave Concerns’ on Iran Nuclear Program

Starmer Signals Support for 3.5% NATO Aim With Talks on Date

Update on June 16: Corrects spelling of Keir Starmer in episode description

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Moments after taking off, an Air India flight bound for London from an airport in Western India crashed with over 200 passengers on board. Hundreds have died and a search for survivors is ongoing.

On today’s Big Take podcast, Bloomberg’s Benedikt Kammel joins host Sarah Holder on what the crash of Boeing’s marquee 787 Dreamliner means for the company and the commercial aviation industry at large.

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President Trump says his decision on who will succeed Fed Chair Jerome Powell “is coming out very soon.” And according to new reporting from Bloomberg’s Nancy Cook and Saleha Mohsin, Treasury Secretary Scott Bessent is a contender for the job.

On today’s Big Take podcast, Nancy and Saleha join host David Gura to discuss the president’s Apprentice-style approach to selecting a Fed Chair, what he wants in Powell’s replacement and how that might impact Fed independence.

Read more: Bessent Emerging as a Contender to Succeed Fed’s Powell

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Representatives for the US and China are in London this week trying to hammer out a potential trade deal. But with US access to China’s rare-earth minerals and China’s access to US semiconductor chips on the table, common ground has been hard to come by.

On today’s episode, Big Take host Sarah Holder speaks to Bloomberg’s Brendan Murray, who’s on the ground in London. And Big Take Asia host K Oanh Ha talks to Bloomberg’s John Liu about China’s thinking and what a deal could mean for both countries.

Read more: China, US Haggle Over Details as Trade Talks Stretch On

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Today on the Big Take, Bloomberg national immigration reporter Alicia Caldwell joins host David Gura from Los Angeles to discuss the protests over ICE immigration raids, the clash between California and the federal government and how this fight could play out in other cities and in the courts.

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