Democratic Socialist Wins Upset in FL Senate Primary | Balance of Power 08/19/2026

"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today's show, Democratic Representative Suhas Subramanyam of Virginia says he opposes more data centers in his district, arguing that development has created power and environmental problems and driven up some residents' utility bills. Jason Furman, former Chairman of the Council of Economic Advisers under President Obama, says higher interest rates are "likely here to stay" as government and businesses compete for capital, with US national debt surpassing $40 trillion. Chapters: 00:01:20 Bloomberg’s Tyler Kendall on US Canada Tariff Deal Takes Shape 00:05:22 Bloomberg’s Enda Curran on $40 Trillion National Debt and Treasury Buybacks 00:09:07 Bloomberg’s Bill Faries on Florida and Alaska Primary Results 00:16:10 Rep. Suhas Subramanyam (D-VA) on Data Center Expansion 00:19:45 Rep. Suhas Subramanyam (D-VA) on Crypto Legislation and Ethics Concerns 00:21:10 Rep. Suhas Subramanyam (D-VA) on ICE Oversight and Detention Conditions 00:24:31 Power Moves: Top Financial Moves 00:26:46 Jason Furman, Former Chairman of the Council of Economic Advisers Under President Obama, on the $40 Trillion Debt and Interest Rates 00:29:25 Jason Furman on Is the AI Investment Boom a Bubble? 00:31:52 Jason Furman on The Fed’s Balance Sheet and Fiscal Policy 00:35:18 Bloomberg’s Greg Stohr on Supreme Court and the White House Ballroom 00:38:00 Political Panel Reacts: Trump Ballroom, Florida Democratic Socialist’s Primary Victory, Alaska Senate Race Comes Into Focus -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts