Bessent Unleashes ‘Operation Economic Outcast’ on Iran | Balance of Power 08/24/2026

Posted on 08/25/2026
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"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today's show, Rep. Jake Auchincloss (D-MA) says he will not vote “for a single dollar” to fund what he calls a failed and illegal war, arguing Congress must prevent it from becoming a “forever war.” Stephen Moore, former Trump economic advisor, says China is key to the success of the Trump administration's secondary sanctions targeting countries that continue to do business with Iran. Rob Bonta, Attorney General of California, says he canceled a meeting with Paramount over its proposed merger with Warner Bros., accusing the company of “playing games” and leaking details of confidential negotiations to the press.

Chapters:

00:01:22 Bloomberg’s Kate Sullivan on Supreme Court Ruling on Mail-In Ballots
00:05:50 Bloomberg’s Shawn Donnan on What Derailed US-Canada Trade Talks?
00:09:54 Rep. Jake Auchincloss (D-MA) on Iran and Trump’s Strategy
00:13:09 Rep. Jake Auchincloss (D-MA) on Sanctions Against China
00:16:18 Rep. Jake Auchincloss (D-MA) on Immigration and Military Families
00:20:07 Stephen Moore, Former Trump Economic Advisor, on Secondary Sanctions Against Iran
00:21:53 Stephen Moore on Can Iran Sanctions Work Without China?
00:23:43 Stephen Moore on the US-Canada Tariff Fight
00:26:19 Bloomberg’s Greg Stohr on Supreme Court Mail-In Ballot Decision Explained
00:28:41 Bloomberg’s Mike McKee on Kevin Warsh Prepares for Jackson Hole
00:31:06 Rob Bonta, Attorney General of California, Reacts to Mail-In Ballot Ruling
00:32:51 Rob Bonta on Paramount-Warner Bros. Merger Dispute
00:37:12 Rob Bonta on Meta Trial and Possible Zuckerberg Testimony
00:39:57 Political Panel Reacts: Trump Campaigns Ahead of South Carolina Primary, Doug Ford Escalates Rhetoric Against Trump, Will China Face Secondary Sanctions Over Iran?


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