Trump on Higher Gas Prices: 'I'll Never Apologize' | Balance of Power 08/14/2026

"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today's show, Democratic Representative Gwen Moore of Wisconsin says higher gasoline prices are deepening Americans' cost-of-living squeeze, pushing back on President Donald Trump's comments that Americans should accept paying "a tiny bit more" at the pump because of the war with Iran. Republican Representative Mike Flood of Nebraska says affordability is a concern he continues to hear from constituents, despite President Donald Trump dismissing the issue as a "hoax." Democratic Representative Greg Casar of Texas says AI CEOs should testify before Congress about employment and national security concerns surrounding the technology. Chapters: 00:02:18 Bloomberg's Nancy Cook on Trump Dismisses Concerns About USS Lincoln Carrier 00:05:20 Representative Gwen Moore (D-WI) on Trump, Affordability & the Economy 00:07:38 Rep. Gwen Moore (D-WI) on Capital Gains Taxes & Cost-of-Living Concerns 00:10:55 Rep. Gwen Moore (D-WI) on Trump Defends Higher Gas Prices Amid Iran War 00:13:28 Rep. Gwen Moore (D-WI) on Democrats, Socialism & the Wisconsin Election 00:15:28 Power Moves: Top Financial Moves 00:18:16 Representative Mike Flood (R-NE) on Affordability & Housing 00:19:48 Rep. Mike Flood (R-NE) on Midterms & the Republican Agenda 00:21:47 Rep. Mike Flood (R-NE) on Housing Reform & When Americans Could See Relief 00:25:26 Rep. Mike Flood (R-NE) on USS Abraham Lincoln & Military Morale 00:28:28 Bloomberg's Eric Martin on Trump Administration’s New Cuba Strategy 00:32:34 Representative Greg Casar (D-TX) on Congress Raises Alarm Over AI Safety 00:34:16 Rep. Greg Casar (D-TX) on Calls to Slow Down AI Development 00:37:23 Rep. Greg Casar (D-TX) on Proposal to Tax AI Companies 00:38:43 Rep. Greg Casar (D-TX) on Democrats Look Ahead to 2028, Progressives & Socialists 00:43:54 Political Panel Reacts: USS Abraham Lincoln, Inflation, Interest Rates -------- 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