Sen. Scott: Trump Won’t Punt Iran Nuclear Demands

Senator Rick Scott (R-FL), a member of the Senate Foreign Relations and Armed Services Committees, says he would be “shocked” if President Trump agreed to delay the nuclear component of any Iran deal. He also backs Trump’s proposed weaponization fund while saying he won’t seek taxpayer compensation himself. He speaks with Kailey Leinz and Joe Mathieu on Bloomberg’s "Balance of Power."

Latest Stories

Novel Aircraft Seating Pose Challenges for Regulatory Approval

Novel seat configurations on planes, which have become more prevalent as airlines shift focus to premium travelers, have created new safety challenges that are delaying regulatory approval, the head of the US Federal Aviation Administration said Thursday.

Mega Railroad Merger Clear Big Hurdle Then Faces Another One

A federal body announced Thursday it will officially consider the proposed takeover of Norfolk Southern Corp. by Union Pacific Corp. to form the nation’s first coast-to-coast freight rail company, but will pause proceedings while it awaits more information.

Billionaire ‘Class Traitor’ Steyer Wants to Tax His Fellow Rich

Tom Steyer, a former hedge fund titan turned leftist firebrand, is vying to become California’s next governor by running against his own class. His calls to cap oil refinery profits, break up electric utility monopolies and impose a one-time wealth tax on billionaires have infuriated the business community. They’ve also placed him in striking distance of surviving a crowded June 2 primary and reaching the general election in November.

From the Analysts

BGOV Bill Analysis: Amended H.R. 6644, House Housing Package

The Housing and Urban Development Department would create new programs to support affordable housing, ramp up housing production in states and cities, and ease environmental regulations for federally funded housing developments under the House’s latest proposal on H.R. 6644 released on May 19.

BGOV OnPoint: Gas Tax Holidays Floated With Mixed Reception

Calls for a gas tax holiday have grown at the federal and state level as policymakers look to alleviate a key pain point for consumers ahead of the midterm elections.

BGOV OnPoint: Data Center Boom Confounds Policymakers

Federal and state lawmakers are grappling with the rapid development of data centers powering artificial intelligence technologies and straining resources.

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Boston Seizes on California Billionaire Tax to Lure AI Talent

The talent at some of America’s hottest artificial intelligence companies often passes through Boston-area universities before heading west to build billion-dollar businesses in Silicon Valley. Massachusetts business and political leaders say California’s proposed tax on billionaires is an opportunity to change that.