Trump, Democrats Close to Immigration Deal | Balance of Power: Early Edition 01/29/2026

Summary

The early edition of Balance of Power focuses on Washington politics: a Senate procedural vote fails on a six-bill spending package including DHS funding, raising shutdown risk but also a possible short-term CR and Schumer-Trump deal. Congressman Gregory Meeks discusses ICE accountability, the push to remove Kristi Noem, Iran, New York City taxes, and Fed independence. A political panel and former Secret Service agent Brian Gant discuss House logistics, the Minnesota governor race, ICE tactics, training, masks, and security threats to officials. Direct market content is limited to a brief note on Wall Street weakness after Microsoft earnings and broad comments on tariffs and immigration enforcement as economic drags.

• Senate fails six-bill spending package including DHS funding, setting up possible partial shutdown.
• Schumer and Trump reportedly work on a short-term CR and separate DHS restrictions bill.
• Rep. Gregory Meeks calls for ICE accountability, Noem removal, and opposes NYC tax hikes.
• Meeks also warns against politicizing the Fed and discusses Iran strike consultation.
• Political panel weighs House GOP challenges, Senate no votes, and Amy Klobuchar's Minnesota governor run.
• Former Secret Service agent Brian Gant supports drawing down ICE agents and targeted enforcement.
• Brief market reference: Wall Street struggled after earnings reports led by Microsoft.
• Panel cites immigration raids and tariffs as economic drags and inflationary pressures.