Squawk Pod: U.S. debt, data centers in the midterms, & Coinbase CEO - 08/20/26 | Audio Only

The episode covers a range of geopolitical and economic news, including President Trump's threat of an 'economic D-Day' against Iran and the US national debt surpassing $40 trillion. Coinbase CEO Brian Armstrong discusses the upcoming Clarity Act vote and expresses optimism for a new Bitcoin bull market. Additionally, pollster Frank Luntz analyzes the growing political friction surrounding AI data center construction in local communities. - US military escorts in the Strait of Hormuz are helping keep global oil prices stable. - US national debt has climbed above $40 trillion, sparking debate over Treasury Secretary Scott Bessent's debt buyback program. - Coinbase CEO Brian Armstrong is optimistic that the Clarity Act will pass the Senate with bipartisan support. - Armstrong predicts a new crypto bull market driven by historical cycles and Q4 seasonality. - Pollster Frank Luntz warns that AI data center construction will become an explosive political issue by 2028. - The Democratic Socialists of America (DSA) are gaining political traction by focusing heavily on affordability issues.