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

“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. (Source: Bloomberg)