Congress faces a looming Sept. 30 funding deadline with just 16 calendar days left — and fewer than half of those scheduled for House and Senate sessions. Anxiety is rising as lawmakers head toward the fiscal year’s end without a full funding plan.

Henrietta Treyz, co-founder of Veda Partners, joined Bloomberg Surveillance to break down the latest policy moves in Washington.

Henrietta explained that a current court case questions the president’s authority under IEEPA to maintain tariffs (like those imposed on India). A ruling from the appeals court could come soon.

Fed rate cuts on the horizon? 📉 Veda Partners' Henrietta Treyz breaks down the likelihood of a September interest rate cut, the impact of new trade tariffs

President Trump is again urging Federal Reserve Chairman Jerome Powell to cut rates, posting on Truth Social, "Jerome “Too Late” Powell must NOW lower the rate... The damage he has done by always being Too Late is incalculable." Veda Partners director of economic policy Henrietta Treyz says the post suggests that Trump "knows he's living on borrowed time with the inflation that will come from his tariffs." Hear more from her in the video above.

President Donald Trump is ratcheting up the pressure on major drugmakers to bring their US prices in line with the far lower ones available to patients in other countries — though industry experts don’t expect the pharmaceutical companies to acquiesce.

President Trump's new tariffs are set to take effect tomorrow after a 90-day pause. Several companies have announced price hikes ahead of the deadline. Former Chair of the Council of Economic Advisors under the Biden administration Jared Bernstein and Managing Partner and Director of Economic Policy Research Henrietta Treyz join Erielle Reshef to explain more on the impact the tariffs will have on the economy.

Tariff talks between the US and China are winding down in Stockholm with expectations of a 90-day pause that would keep current rates in place and possibly pave the way for a Trump–Xi Jinping meeting later this year.

Today, President Trump is threatening new 50% tariffs on copper and up to 200% on pharmaceutical imports. He also announced new tariffs on six countries. NBC News' Vaughn Hillyard reports the latest. Veda Partners Managing Partner Henrietta Treyz and University of Michigan Professor of Economics and Public Policy Justin Wolfers join Katy Tur to break down the economic impact of Trump's policies on Americans.