President Donald Trump predicted a quick agreement by major oil companies to spend at least $100 billion in Venezuela, his most direct effort yet to pressure them back into the country following the US’s brazen capture of leader Nicolás Maduro.
Marc Short, former chief of staff to Vice President Mike Pence, says that the 17 House Republicans who voted with Democrats to extend Affordable Care Act subsidies are making a political calculation that they care more about being reelected than getting 'yelled at by Donald Trump.' As more funding bills take shape in congress, Short says that he thinks it is unlikely the government will shut down again at the end of the month. (Source: Bloomberg)
California Governor Gavin Newsom proposed a $349 billion budget for the fiscal year that begins in July that leans on steadier economic growth and resilient financial markets to keep the state’s projected deficit to about $3 billion, a far smaller gap than earlier estimates.
US President Donald Trump said a second wave of attacks on Venezuela has been canceled, citing improved cooperation from the country after some political prisoners were released. Kasia Klimasinska reports. (Source: Bloomberg)
Congress is back in session and taking up the issue of Affordable Care Act subsidies — again. On today’s Big Take podcast: What’s at stake for millions of Americans if lawmakers can’t reach a deal. (Source: Bloomberg)
Venezuela is sitting on, by some measures, the biggest oil reserves in the world. And yet in the immediate wake of Nicolás Maduro's capture by US forces, the actual price of oil has moved very little. Gregory Brew, a senior analyst at the Eurasia Group, joins Tracy Alloway and Joe Weisenthal on the Odd Lots podcast to discuss what it takes to restart production in the country and why it may be more profitable to invest elsewhere. (Source: Bloomberg)
President Volodymyr Zelenskiy said Friday he is discussing a potential free-trade agreement with the US as part of a broader prosperity package aimed at propelling the country’s recovery after the war.
Commerce Secretary Howard Lutnick recently met with executives from major homebuilding companies, according to people familiar with the matter, part of President Donald Trump’s push to bolster his standing with voters on the economy.
Venezuela’s new leader isn’t backing down from her assertion that the US orchestrated an illegal kidnapping with its seizure of President Nicolás Maduro, but she’s also seeking more diplomatic engagement with Donald Trump.
Heather Boushey, who served on the Council of Economic Advisers in the Biden administration, said today's "lackluster" jobs report, while not terrible, indicates the labor market remains tepid for those who are looking for work. (Source: Bloomberg)
