Treasuries Climb After Strong Sale | Balance of Power: Early Edition 6/12/2025

On the early edition of Balance of Power, Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz discuss the latest developments from DC. On today’s show, Bloomberg International Economics and Policy Correspondent Michael McKee and Bloomberg Intelligence Chief US Interest Rate Strategist Ira Jersey, Stonecourt Capital Partner Rick Davis, Center for the Study of the Presidency and Congress Senior Democracy Fellow Jeanne Sheehan Zaino, Beacon Global Strategies Managing Director Michael Allen, Bloomberg US Transport Deputy Team Lead Ryan Beene, Bloomberg Consumer Finance Reporter Paige Smith and Former Republican Congressman Patrick McHenry.

Chapters:
00:00:00 – Balance of Power: Early Edition starts
00:04:22 – Bloomberg’s Michael McKee and Ira Jersey on the bond auction
00:13:08 – Rick Davis and Jeanne Sheehan Zaino on SALT changes in tax bill
00:19:44 – Beacon Global Strategies Managing Director Michael Allen on the possibility of an Israeli strike on Iran
00:26:11 – Bloomberg’s Ryan Beene on Air India crash
00:32:36 – Bloomberg’s Paige Smith on Chime
00:35:52 – Former Republican Congressman Patrick McHenry on the tax bill facing reconciliation process
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