Senate Passes Russia Sanctions Bill Championed by Graham | Balance of Power 8/7/2026

On the early edition of Balance of Power, Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz discusses the latest from DC. On today's show, Former Chair of the White House Council of Economic Advisers under President Joe Biden Jared Bernstein, and Managing Director and Head of Fixed Income Research at Baird Strategas Tom Tzitzouris. Bloomberg's Tyler Kendall sits down with US Army Secretary Dan Driscoll. (Source: Bloomberg)

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Late senator spent final days of his life working to advance bill that will now head to the House after 86-11 Senate vote By a large, bipartisan margin, the US Senate on Friday approved a bill intended to punish Russia and countries that buy its petroleum exports over the invasion of Ukraine, capping a legislative push that was spurred by the death of its champion, the Republican senator Lindsey Graham. The measure, renamed the Lindsey O Graham Sanctioning Russia Act in honor of the late sena...

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Senate Passes The Lindsey O. Graham Sanctioning Russia & Iran Act Of 2026 On Friday the Senate finally passed a bill imposing major new sanctions on Russia due to the grinding war which has been going since February 2022. The bill had bipartisan support, with a vote of 86 to 11, and now it will go to the House - where it is expected to be passed there too. After a year of negotiations and holdups based largely on prior White House pushback, the 'breakthrough' is largely the resu...

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