Open AI Proposes Handing Trump Admin 5% Stake | Balance of Power 07/02/2026

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"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today's show, Ben Harris, Vice President and Director of Economic Studies at the Brookings Institution, says Washington should "temper the optimism" that AI can solve the federal deficit, warning any productivity gains may be offset by higher spending on Medicare, Social Security, and benefits programs. Elisa Ewers, Senior Fellow for Middle East Studies at the Council on Foreign Relations and a former Pentagon and State Department official in the Obama and George W. Bush administrations, says negotiations with Iran are likely to drag beyond the current 60-day window. Frank Luntz, CEO of FIL Inc., says America's 250th anniversary should be a moment for patriotism rather than political division. Chapters: 00:01:49 Bloomberg’s Jeff Mason on US Hiring Slows Sharply, Curbing Recent Job-Market Momentum 00:05:47 Bloomberg’s Michael Shepard on OpenAI Proposes Handing Trump Admin 5% Stake: FT 00:08:24 Ben Harris, Vice President and Director of Brookings Institution Economic Studies, on OpenAI Proposes Handing Trump Admin 5% Stake: FT 00:13:29 Ben Harris on Lack of Wage Growth on Labor Market 00:15:38 Power Moves: Top Financial Moves 00:18:57 Elisa Ewers, Senior Fellow on the Council of Foreign Relations, on US Says Witkoff, Kushner Had Positive Talks in Doha on Iran 00:21:59 Elisa Ewers on US Sees 10 Million Barrels Via Hormuz Sapping Iran Oil Leverage 00:24:47 Bloomberg’s Lauren Rosenthal on Heatwave Threatens America 250 Celebrations 00:28:10 Frank Luntz, CEO of Fil Inc., on Trump to Deliver July Fourth Address Saturday 00:31:32 Frank Luntz on Patriotic West Point Focus Group of Cadets 00:39:05 Political Panel Reacts: 1 Year Since ‘Big Beautiful Bill’ Signing, House GOP Considers Reconciliation 3.0, America 250 Celebrations 
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