Bloomberg Politics

House Passes Iran War Powers Measure, Rebuking Trump | Balance of Power: Late Edition 6/3/2026

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"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today's show, Republican Representative Michael McCaul of Texas, spoke about Congress' War Powers vote and warns that it could 'undermine' and 'take away leverage' from President Donald Trump during ongoing negotiations with Iran, Ned Lamont, Democratic Governor of Connecticut, talks about his state's proposed legislation to enforce a 100% tax on payments received from Donald Trump's $1.8B 'weaponization fund,' and Jeanne Shaheen, Democratic Senator of New Hampshire, speaks about Congress' War Powers vote. (Source: Bloomberg)

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Scott Bessent traveled to the Reagan National Economic Forum last week and delivered a message that would have been almost unthinkable from a Republican treasury secretary a decade ago: America got globalization wrong. Speaking before an audience of Reagan Republicans, Bessent argued that both parties spent decades sacrificing industrial capacity, supply-chain resilience, and national security […]

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Four Republicans Join Democrats in House Vote to Rein In Trump’s Iran War Powers

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Four Republicans Join Democrats in House Vote to Rein In Trump’s Iran War Powers

Four Republicans in the House joined Democrats to vote to limit Trump’s war powers against Iran, advancing the measure to the Senate.

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Netanyahu squeezed between Trump and election year politics

Axios

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Netanyahu squeezed between Trump and election year politics

Israeli Prime Minister Benjamin Netanyahu's recent spat with President Trump over Lebanon underscored how his military objectives, and possibly his political survival, are dependent on a U.S. president who doesn't share his appetite for escalation.Why it matters: Trump and Netanyahu have coordinated very closely on Iran and speak almost daily. But officials on both sides have been cognizant that there could be a point in time when the allies' interests and objectives diverge. Some in Netanyahu's camp worry that time is now.Netanyahu himself said Tuesday that it was an "open question" as to whether he and Trump were aligned on how the war with Iran should end.The big picture: With an election expected by October, Netanyahu hasn't delivered on his promise to destroy Hamas or his plans for regime change in Iran, and he's under immense criticism at home over the ongoing Hezbollah attacks. Every time a siren near the border heralds an incoming drone or missile, Netanyahu faces domestic pressure to respond.It was in that context that he vowed to conduct major strikes on Hezbollah targets in Beirut — before being forced into retreat by an angry Trump, who cares far less about Lebanon than a deal with Iran.Driving the news: When Trump chastised Netanyahu in a call on Monday and pulled the brakes on the Beirut strikes, he also kicked up a political firestorm in Israel.Rivals and even some hawkish government allies claimed Netanyahu had made Israel an American "vassal," or surrendered Israeli sovereignty to Trump.The Trump-Netanyahu call came after Iran threatened to abandon the negotiations with the U.S. over Israel's actions in Lebanon and to launch missiles at Israel. "It was a terrible phone call. Trump really hammered Bibi. He demanded that he immediately back down from the plan to strike Beirut in order to not blow up the situation in Lebanon — and through that, the negotiations with Iran," an Israeli source said.What they're saying: Netanyahu didn't deny that Trump had called him "crazy" or claimed he'd been in jail without Trump's help. Instead, the prime minister told CNBC he and Trump had argued before but always maintained their close partnership. Similarly, Trump confirmed Axios' reporting about the call to the NY Post while adding that he likes Netanyahu and has worked well with him.Between the lines: While the call may have been just a blip in their personal relationship, their differences over the Iran endgame are more stubborn.Two senior U.S. officials told Axios that while Trump wants to end the war, Netanyahu seems to want to resume it."Sometimes Bibi doesn't know when to stop," one of the U.S. officials said.The fact that Netanyahu quickly abandoned the plan to strike Lebanon, and moved to clean up any perception of a rift, underscored the degree to which Netanyahu's military maneuvers and political standing are subject to Trump's influence. Zoom in: Netanyahu is concerned the tense call is a prelude for further U.S. limitations on Israel's freedom of operations in Lebanon, an Israeli source who speaks regularly with the prime minister and his close advisers said.The source said Netanyahu fears the U.S. will apply much stricter criteria to Israeli strikes in Lebanon — not just Beirut — before giving its "green light."What to watch: On Wednesday, after two days of talks between Israeli and Lebanese diplomats in Washington, the two countries announced a plan for a full ceasefire, contingent on steps from Hezbollah.It was not immediately clear whether the Shia militia would accept the new terms.If a stable ceasefire isn't reached and Hezbollah continues firing at Israel, Netanyahu might be able to convince Trump to allow him to bomb Beirut after all.Trump said on Wednesday that he's trying to separate the conflict between Israel and Hezbollah from the war with Iran, and thinks a deal with Iran could be reached as early as this weekend.The bottom line: Netanyahu is skeptical of restraint in Lebanon and of a deal with Iran, and both are politically toxic for him. U.S. officials have worried he might try to undermine their diplomacy on both fronts.What he can't afford to do, however, is openly split with Trump four months before an election.

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Democrats exercise a House floor power grab amid small margins

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Iran Says No Progress in US Talks as Lebanon Sees More Clashes

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Iran said there had been no recent progress in talks with the US over an interim peace deal, while fighting persisted in Lebanon despite Washington’s declaration of a ceasefire between Israel and the country.

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Trump, House GOP leadership lose fight to block war powers resolution

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Trump, House GOP leadership lose fight to block war powers resolution

President Donald Trump and House Republican leaders lost their attempt to defeat a Democratic-led war powers resolution Wednesday that would limit President Donald Trump’s authority to wage […]

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Trump says UFC arena outside White House could be permanent

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President Trump suggested on Wednesday that the UFC arena currently under construction on the White House’s South Lawn could be a permanent addition. “I’m looking at it and maybe we’ll never ever take it down,” Trump said in a video posted on his official TikTok account on Tuesday. The president directed the installation of this…

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House Passes Iran War Powers Measure, Rebuking Trump | Balance of Power: Late Edition 6/3/2026 | ParallaxNews.io