STORY-TRÅD·politik

US National Debt on Brink of Passing $40 Trillion | Balance of Power: Late Edition 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. (Source: Bloomberg)