US National Debt on Brink of Passing $40 Trillion | Balance of Power 08/18/2026

"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today's show, Republican Rep. Nicole Malliotakis of New York discusses her legislation aimed at raising the capital gains tax exclusion for seniors selling longtime homes. Kareem Crayton, vice president of the Brennan Center's Washington, DC office, raises concerns about the Justice Department's plan to deploy election monitors to polling sites. Maya MacGuineas, president of the Committee for a Responsible Federal Budget, says bringing down deficits is the "single most important thing" policymakers can do to improve affordability in a lasting way. Chapters: 00:02:03 Bloomberg’s Jeff Mason on US Canada Tariff Deadline 00:04:50 Bloomberg’s Nia-Malika Henderson on Midterm Primaries: Florida, Alaska & Wyoming 00:09:11 Rep. Nicole Malliotakis (R-NY) on the Primaries Underway 00:12:16 Rep. Nicole Malliotakis (R-NY) on Capital Gains Tax & Housing Affordability 00:16:07 Rep. Nicole Malliotakis (R-NY) on US Debt Nears $40 Trillion 00:20:03 Kareem Crayton, Vice President of the Brennan Center's Washington, DC Office, on DOJ Plans to Deploy 1,000 Election Monitors 00:21:10 Kareem Crayton on DOJ Push for State Voter Data 00:22:01 Kareem Crayton on Mail-In Voting & the Voting Rights Act 00:27:02 Power Moves: Top Financial Moves 00:28:50 Maya MacGuineas, President of the Committee for a Responsible Federal Budget, on US National $40 Trillion Debt 00:30:20 Maya MacGuineas on Affordability vs. Fiscal Responsibility 00:34:46 Maya MacGuineas on How Close Is the US to a Debt Crisis? 00:36:42 Maya MacGuineas on How Federal Debt Impacts Affordability 00:42:23 Political Panel Reacts: Is Iran Becoming a Quagmire?, Florida Primaries & the Future of MAGA, Alaska Senate Race & Ranked-Choice Voting -------- 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