Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.

The seizure of an enormous oil supertanker off the coast of Venezuela on Wednesday is just the beginning of a new phase in the Trump administration’s ramped-up pressure campaign against Nicolas Maduro, according to people familiar with the operation.

The act of economic statecraft — which saw US forces descend on ropes from a Black Hawk helicopter onto the deck of a sanctioned very-large crude carrier called Skipper — is designed to deny Maduro a lifeline of oil revenue and force him to relinquish power, the people said.

Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe speaks with:

• Bloomberg Washington Correspondent Tyler Kendall.
• Bloomberg Economics Senior Geoeconomics Analyst Adam Farrar.
• Democratic Congressman Jim McGovern of Massachusetts.
• Stonecourt Capital Partner Rick Davis and Harvard Kennedy School's Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino.

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Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.

The Senate rejected a pair of partisan measures addressing the impending expiration of Obamacare subsidies, setting up a Jan. 1 spike in health insurance premiums for more than 20 million Americans.

With only a few days left before lawmakers leave for their Christmas break and few signs of life in stalled bipartisan negotiations, the failure Thursday of the dueling partisan plans all but guarantees the expiration of enhanced Affordable Care Act tax credits initiated during the pandemic era.

Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe speaks with:

• Bloomberg Washington Correspondent Tyler Kendall.
• Democratic Congressman Brendan Boyle, Ranking Member of the House Budget Committee.
• Republican Congresswoman Nicole Malliotakis of New York.
• Stonecourt Capital Partner Rick Davis and Harvard Kennedy School's Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino.

See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.

President Donald Trump said people were “starting to learn” the benefits of his tariff regime as he sought to convince voters his administration was moving to address affordability concerns, taking to the road in hopes of countering a mounting political vulnerability.

Trump, who is resuming domestic political travel after months without holding a rally, allowed that he “got a lot of heat” over his sweeping levies on foreign imports, with political opponents seizing on the program to argue tariffs have increased consumer prices and inflation.

Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe speaks with:

• Arbroath Group Founder and Managing Partner Christopher Smart.
• Stonecourt Capital Partner Rick Davis and Harvard Kennedy School's Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino.
• KISS Singer and Songwriter Gene Simmons.

See omnystudio.com/listener for privacy information.