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Speaker Mike Johnson will block a push by moderate House Republicans for a vote on renewing expiring Obamacare subsidies, quashing a last-ditch effort to head off a spike in insurance premiums for more than 20 million Americans.

The Republican speaker’s decision guarantees enhanced Affordable Care Act premium credits expire at the end of the year. Democrats have made clear the congressional Republicans’ refusal to extend the subsidies will figure prominently in a midterm congressional campaign focusing on the high cost of living.

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:

• Harvard Kennedy School's Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino and Bluestack Strategies Founder Maura Gillespie.
• Republican Congressman Jason Smith of Missouri, Chairman of the House Ways and Means Committee.
• Bloomberg Intelligence Senior Commodities Strategist Mike McGlone.
• Former California Congresswoman Jane Harman.

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