US War With Iran Hits Six Month Mark | Balance of Power: Late Edition 08/28/2026

“Balance of Power: Late Edition” focuses on the intersection of politics and global business. On today’s show, Mattie Duppler, Senior Fellow for Fiscal Policy at the National Taxpayers Union, says Fed Chair Kevin Warsh’s comments on interest rates were the “least interesting” part of his Jackson Hole speech and points instead to his focus on the availability of credit. Democratic Representative Lori Trahan of Massachusetts discusses her bipartisan FRONTIER Act, which aims to create federal oversight of the most advanced AI models through reporting, independent audits, and emergency safeguards. Sec. Leon Panetta, former US Secretary of Defense, says the US is “now trapped in another forever war” with Iran after six months of fighting with “no end in sight.” (Source: Bloomberg)