Senate Votes Down Bids to Kill DOJ 'Anti-Weaponization Fund | Balance of Power: Late Edition

Watch on YouTube ↗  |  June 05, 2026 at 00:08  |  49:55  |  Bloomberg Markets
Speakers
Romaine Bostick — Anchor, Bloomberg
Chris Coons — Senator, US Senate

Summary

The episode covers the Senate's 'Vote-a-Rama' session on an immigration enforcement bill, focusing on the debate over the DOJ's anti-weaponization fund. Senators Chris Coons and Pete Ricketts discuss amendments, funding for ICE and Border Patrol, and broader political implications. Also covered are the Iran conflict, Strait of Hormuz closure, and the nomination of Todd Blanche as Attorney General.

  • Senate Vote-a-Rama underway on a $70 billion immigration enforcement bill funding ICE and Border Patrol.
  • Senator Coons filed an amendment to bar payouts from the anti-weaponization fund to January 6 rioters who assaulted police.
  • Senator Ricketts argues the bill is solely about border security and Democrats are blocking funding.
  • President Trump stated the Strait of Hormuz could be closed through Labor Day, raising energy price concerns.
  • Todd Blanche is expected to be nominated for Attorney General; his role in the anti-weaponization fund is contentious.
  • Bill Pulte named acting DNI, raising questions about FISA reauthorization and intelligence community independence.
  • Market commentary notes a rotation from AI/chip stocks to financials and healthcare after disappointing earnings.
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