1 00:00:02,200 --> 00:00:06,440 Speaker 1: Live from our nation's capital. This is Bloomberg Sound On. 2 00:00:07,520 --> 00:00:10,080 Speaker 1: No president should be able to sustain boots on the 3 00:00:10,119 --> 00:00:14,120 Speaker 1: ground without congressional approval and without a clear explanation of 4 00:00:14,160 --> 00:00:16,599 Speaker 1: what the mission is and what the endgame is. This 5 00:00:16,760 --> 00:00:19,520 Speaker 1: isn't really about peace and army policy. This is about 6 00:00:19,520 --> 00:00:24,200 Speaker 1: the coronavirus. Floomberg Sound On, Politics, Policy and perspective from 7 00:00:24,280 --> 00:00:27,920 Speaker 1: DC's top name. We must use every school possible to 8 00:00:28,040 --> 00:00:30,880 Speaker 1: defeat the fassault on women's reproductive rights. This is a 9 00:00:31,000 --> 00:00:33,680 Speaker 1: steady growth that we're seeing here in our economy, you know, 10 00:00:33,720 --> 00:00:37,640 Speaker 1: over the last three months. Bloomberg Sound On with Joe 11 00:00:37,680 --> 00:00:42,920 Speaker 1: Matthew on Bloomberg Radio. A new week with the same 12 00:00:43,000 --> 00:00:46,479 Speaker 1: old problems in Washington, as President Biden warrens of a 13 00:00:46,560 --> 00:00:50,400 Speaker 1: possible credit default if lawmakers do not dance on the 14 00:00:50,479 --> 00:00:53,360 Speaker 1: debt ceiling and we are no closer to a deal 15 00:00:53,400 --> 00:00:57,000 Speaker 1: on reconciliation today, which means no infrastructure. And we'll talk 16 00:00:57,040 --> 00:01:00,160 Speaker 1: about it with Neil Bradley, the chief policy officer at 17 00:01:00,160 --> 00:01:02,920 Speaker 1: the US Chamber of Commerce out with a scathing statement 18 00:01:02,960 --> 00:01:06,440 Speaker 1: on last week's lack of action. Supreme Court opens its 19 00:01:06,440 --> 00:01:09,319 Speaker 1: new term with abortion, guns and God on the agenda, 20 00:01:09,360 --> 00:01:12,440 Speaker 1: will discuss it with Bloomberg's Gregg's Store and distill at 21 00:01:12,480 --> 00:01:16,120 Speaker 1: all this hour with the classic panel Bloomberg Politics contributors 22 00:01:16,160 --> 00:01:19,360 Speaker 1: Jeanie Schanzano and Rick Davis with us for the hour. 23 00:01:19,520 --> 00:01:21,640 Speaker 1: We are still living through the three ring circus, that 24 00:01:21,760 --> 00:01:26,279 Speaker 1: is infrastructure reconciliation and the debt ceiling, and on the ladder. 25 00:01:26,360 --> 00:01:28,800 Speaker 1: President Biden spoke to the nation today. You heard it 26 00:01:28,920 --> 00:01:32,120 Speaker 1: live on Bloomberg Radio, issuing a warning and answering some 27 00:01:32,200 --> 00:01:37,200 Speaker 1: important questions that the US will not reach the dead ceiling, 28 00:01:37,480 --> 00:01:42,160 Speaker 1: that that will not happen. No, I can't. That's up 29 00:01:42,200 --> 00:01:46,920 Speaker 1: to Mitch McConnell. It's possible that the US will not 30 00:01:46,959 --> 00:01:51,400 Speaker 1: pay it. I can't believe that that will be the 31 00:01:51,480 --> 00:01:54,880 Speaker 1: end result because the consequence is so dire. I don't 32 00:01:54,880 --> 00:01:58,240 Speaker 1: believe that. But can I guarantee it? If I could, 33 00:01:58,280 --> 00:02:00,960 Speaker 1: I would, But I can't. Speaking from the White House, 34 00:02:01,920 --> 00:02:04,840 Speaker 1: where the President called on the GOP to get out 35 00:02:04,840 --> 00:02:07,520 Speaker 1: of the way, We're not expecting Republicans that do their part. 36 00:02:07,560 --> 00:02:11,280 Speaker 1: They made it clear from beginning. We tried asking to 37 00:02:11,360 --> 00:02:15,440 Speaker 1: no avail. We're just ask them not to use procedural 38 00:02:15,480 --> 00:02:18,280 Speaker 1: tricks to block US from doing the job that they 39 00:02:18,320 --> 00:02:22,959 Speaker 1: won't do. Meteor has handed is headed to crash into 40 00:02:22,960 --> 00:02:25,960 Speaker 1: our economy. Yes, he said, a meteor headed to crash 41 00:02:25,960 --> 00:02:29,200 Speaker 1: into our economy. And not long after, the majority leader 42 00:02:29,200 --> 00:02:31,799 Speaker 1: in the Senate, Chuck Schumer, committed to bringing the House 43 00:02:31,960 --> 00:02:34,280 Speaker 1: version of the debt ceiling bill to the Senate floor. 44 00:02:34,360 --> 00:02:37,520 Speaker 1: I will soon file cloture on the House pass proposal 45 00:02:37,600 --> 00:02:43,400 Speaker 1: that will suspend the debt limit until December of We 46 00:02:43,440 --> 00:02:46,320 Speaker 1: aren't asking Republicans to support it when it comes times 47 00:02:46,320 --> 00:02:49,040 Speaker 1: for a vote. We only ask that they get out 48 00:02:49,040 --> 00:02:52,200 Speaker 1: of the way as Democrats pass it on our own, 49 00:02:52,880 --> 00:02:55,959 Speaker 1: just as the majority party did in the early two thousand's. 50 00:02:56,680 --> 00:03:00,560 Speaker 1: It's really that simple. But of course it isn't knowing 51 00:03:00,560 --> 00:03:03,560 Speaker 1: that Ms McConnell is unlikely to budge. We'll find out together, 52 00:03:03,600 --> 00:03:06,280 Speaker 1: but reconciliation still appears to be the most likely path 53 00:03:06,760 --> 00:03:08,799 Speaker 1: for the ceiling that President Biden is also trying to 54 00:03:08,880 --> 00:03:13,040 Speaker 1: work through some big differences on infrastructure, both hard and human, 55 00:03:13,760 --> 00:03:16,400 Speaker 1: and Democrats have not budge there either. White House Press 56 00:03:16,440 --> 00:03:21,520 Speaker 1: Secretary Jen Sakis says the President is talking with progressives today. 57 00:03:21,600 --> 00:03:24,560 Speaker 1: The President is going to have a virtual meeting with 58 00:03:24,560 --> 00:03:27,799 Speaker 1: a number of Progressive House members later this afternoon, UH, 59 00:03:27,880 --> 00:03:30,560 Speaker 1: in order to have a discussion about the path forward, 60 00:03:30,680 --> 00:03:33,840 Speaker 1: which includes the recognition that this package is going to 61 00:03:33,880 --> 00:03:37,800 Speaker 1: be smaller UH than originally proposed. UH. And what he 62 00:03:37,840 --> 00:03:40,160 Speaker 1: wants to hear from them is what their priorities are, 63 00:03:40,360 --> 00:03:43,000 Speaker 1: what their bottom lines are, so he can play constructive 64 00:03:43,080 --> 00:03:45,880 Speaker 1: role and moving things forward. About six weeks late according 65 00:03:45,920 --> 00:03:48,320 Speaker 1: to the US Chamber of Commerce. And we're joined by 66 00:03:48,360 --> 00:03:50,800 Speaker 1: the man who wrote a statement on this, Neil Bradley, 67 00:03:50,840 --> 00:03:54,720 Speaker 1: Executive vice president, chief policy officer at the Chamber. Neil, 68 00:03:54,760 --> 00:03:58,360 Speaker 1: welcome back to Bloomberg Radio. Thanks for having it was 69 00:03:58,400 --> 00:04:00,680 Speaker 1: looking over your statement of fry to day when there 70 00:04:00,680 --> 00:04:03,080 Speaker 1: were a lot of questions and there still are, of course, 71 00:04:03,120 --> 00:04:08,000 Speaker 1: about the future of this debate over infrastructure reconciliation. Never 72 00:04:08,040 --> 00:04:11,840 Speaker 1: mind the debt limit. You wrote, delay has consequences and 73 00:04:11,920 --> 00:04:14,120 Speaker 1: none of them are good for the American people. Are 74 00:04:14,160 --> 00:04:17,719 Speaker 1: you worried that as Democrats pursued to pursue this dual 75 00:04:17,839 --> 00:04:21,920 Speaker 1: track approach, that the entire effort may fail. I'm certainly 76 00:04:21,960 --> 00:04:25,359 Speaker 1: concerned that infrastructure bill may not become faught. You know, 77 00:04:25,360 --> 00:04:30,320 Speaker 1: our best chance for enacting this bipartisan infrastructure bill was 78 00:04:30,360 --> 00:04:32,320 Speaker 1: the vote that was supposed to occur in the House 79 00:04:32,320 --> 00:04:38,080 Speaker 1: of Representatives last week. Now, President Biden, Speaker Pelos, you 80 00:04:38,080 --> 00:04:40,919 Speaker 1: have made clear that they're following the lead of House 81 00:04:40,960 --> 00:04:43,599 Speaker 1: progressives here and that they're going to link it to 82 00:04:44,080 --> 00:04:48,279 Speaker 1: a completely unacceptable, you know, multi trillion dollar tax and 83 00:04:48,320 --> 00:04:54,599 Speaker 1: spend reconciliation. So once again Washington may squander it's best 84 00:04:54,720 --> 00:04:58,240 Speaker 1: chance to make long overdue investments in our infrastructure. Well, 85 00:04:58,240 --> 00:04:59,839 Speaker 1: that would be a big deal, of course. You know, 86 00:04:59,839 --> 00:05:02,560 Speaker 1: if you asked the President, who just spoke a short 87 00:05:02,600 --> 00:05:04,599 Speaker 1: time ago from the White House, he would tell you 88 00:05:04,640 --> 00:05:08,440 Speaker 1: that we cannot pass infrastructure without reconciliation. And this is 89 00:05:08,440 --> 00:05:11,360 Speaker 1: the game that we're in New Well, it's a game 90 00:05:11,400 --> 00:05:15,599 Speaker 1: that they've chosen. So we clearly could have passed the 91 00:05:15,640 --> 00:05:18,520 Speaker 1: infrastructure bill. You know, we were short of the votes 92 00:05:18,520 --> 00:05:20,560 Speaker 1: of where we needed to be, but we should have 93 00:05:20,560 --> 00:05:22,760 Speaker 1: been able to get there. You know, I think it 94 00:05:22,839 --> 00:05:26,839 Speaker 1: was Senator Cinema who made um the the excellent point 95 00:05:26,920 --> 00:05:30,240 Speaker 1: at the idea that you're going to hold hostage and 96 00:05:30,279 --> 00:05:33,920 Speaker 1: defeat a bill that you support in order to try 97 00:05:33,960 --> 00:05:36,839 Speaker 1: to force other people to agree on a bill that 98 00:05:36,920 --> 00:05:41,240 Speaker 1: they oppose. Um is exactly the wrong strategy. Frankly, it's 99 00:05:41,279 --> 00:05:44,360 Speaker 1: the type of thinking it's gotten us into into these 100 00:05:44,400 --> 00:05:47,640 Speaker 1: messes in Washington in the first place. Um, and you 101 00:05:47,640 --> 00:05:49,560 Speaker 1: know they've they've chosen to go down the wrong path. 102 00:05:49,960 --> 00:05:53,400 Speaker 1: You're right, this bill should have been enacted six years ago. 103 00:05:53,520 --> 00:05:56,000 Speaker 1: There was a chance to enact it six weeks ago, 104 00:05:56,640 --> 00:05:59,200 Speaker 1: but at that point Democratic leaders said, we don't have 105 00:05:59,279 --> 00:06:04,359 Speaker 1: the votes. Progress We're progressives were protesting the lack of 106 00:06:04,400 --> 00:06:08,320 Speaker 1: a reconciliation bill. Is it your view then that Democrats 107 00:06:08,320 --> 00:06:12,039 Speaker 1: should have worked with Republicans on a standalone infrastructure bill 108 00:06:12,080 --> 00:06:15,000 Speaker 1: as they did in the Senate. They absolutely should have been. 109 00:06:15,080 --> 00:06:18,719 Speaker 1: Republicans and Democrats in the House should have come together 110 00:06:19,120 --> 00:06:21,480 Speaker 1: and we should have had the same type of bipartisan 111 00:06:21,520 --> 00:06:23,960 Speaker 1: support for the exact same bill that we had in 112 00:06:23,960 --> 00:06:26,840 Speaker 1: the Senate. In the House, and you know, I think 113 00:06:26,839 --> 00:06:31,120 Speaker 1: there was an opportunity to do that right before Labor Day. 114 00:06:31,160 --> 00:06:34,520 Speaker 1: We should have taken the opportunity to do it. Then 115 00:06:34,880 --> 00:06:37,120 Speaker 1: we should have been able to do it last week. 116 00:06:37,440 --> 00:06:41,240 Speaker 1: But there is zero indication that this is going to 117 00:06:41,320 --> 00:06:45,960 Speaker 1: get any easier. If anything, we're moving further away from 118 00:06:46,000 --> 00:06:49,279 Speaker 1: an infrastructure bill getting done, not closer. Well, that's Uh, 119 00:06:49,440 --> 00:06:51,920 Speaker 1: that's problematic to hear you say that. At least if 120 00:06:51,920 --> 00:06:55,880 Speaker 1: you're concerned about Rhodes Bridges, tunnels, etcetera. Neal. What can 121 00:06:55,920 --> 00:06:59,760 Speaker 1: the chamber do then, as leaders fire off letters and 122 00:07:00,360 --> 00:07:03,880 Speaker 1: lawmakers get on TV to debate this stuff in public, 123 00:07:03,920 --> 00:07:08,520 Speaker 1: what can you do to try to bring parties together here? Well? 124 00:07:08,800 --> 00:07:10,480 Speaker 1: I think that you know, the first thing is is 125 00:07:10,560 --> 00:07:14,360 Speaker 1: that the reconciliation building the infrastructure bill need to be 126 00:07:14,520 --> 00:07:18,320 Speaker 1: de linked. Again. We need to sever this this linkage. 127 00:07:18,560 --> 00:07:21,640 Speaker 1: Both bills should get voted on based on their merits 128 00:07:22,240 --> 00:07:24,440 Speaker 1: and if one has the votes to pass, it should pass. 129 00:07:24,520 --> 00:07:27,520 Speaker 1: And uh, we should go from there. I think that's 130 00:07:27,600 --> 00:07:30,400 Speaker 1: perhaps the most constructive way kind of forward at the moment. 131 00:07:30,480 --> 00:07:34,680 Speaker 1: But what we saw last week with hostage taking, you know, 132 00:07:34,720 --> 00:07:38,280 Speaker 1: taking something that the country needs and holding it hostage 133 00:07:39,000 --> 00:07:42,640 Speaker 1: because the progressives were fearful that they wouldn't get people 134 00:07:42,680 --> 00:07:46,960 Speaker 1: to change their positions on the reconciliation bill. How do 135 00:07:47,000 --> 00:07:48,920 Speaker 1: you get to the leadership on this then? Are you 136 00:07:49,000 --> 00:07:51,680 Speaker 1: running ads, are you making phone calls, are you sending 137 00:07:51,720 --> 00:07:53,640 Speaker 1: lobbyists to the hill or is it all of the above. 138 00:07:54,800 --> 00:07:58,160 Speaker 1: It is certainly all of the above. Um, And you 139 00:07:58,160 --> 00:08:00,760 Speaker 1: know we will continue to add the cake for the 140 00:08:00,800 --> 00:08:05,360 Speaker 1: bipartisan Infrastructure Built and we'll continue to advocate against this 141 00:08:05,480 --> 00:08:09,480 Speaker 1: reckless reconciliation bill, and so um. You know, if they 142 00:08:09,520 --> 00:08:12,360 Speaker 1: insist on linking them, which is what they did on 143 00:08:12,400 --> 00:08:14,800 Speaker 1: Friday night, if they continue to insist on that, I 144 00:08:14,800 --> 00:08:18,560 Speaker 1: think the most likely outcome is that neither bill becomes law. Uh, 145 00:08:18,560 --> 00:08:23,200 Speaker 1: and will we will forego what wasn't a historic opportunity 146 00:08:23,280 --> 00:08:25,680 Speaker 1: to make progress nonation. To be clear, though Neil and 147 00:08:25,720 --> 00:08:27,360 Speaker 1: I could play the cut here, I'm kind of known 148 00:08:27,400 --> 00:08:29,520 Speaker 1: for pulling it out in the middle of these conversations. 149 00:08:29,640 --> 00:08:33,840 Speaker 1: Nancy Pelosi in June saying there ain't using the word 150 00:08:33,880 --> 00:08:37,800 Speaker 1: ain't gonna be no infrastructure unless and until the Senate 151 00:08:37,800 --> 00:08:42,400 Speaker 1: passes reconciliation. Should this not have been managed back in 152 00:08:42,520 --> 00:08:46,199 Speaker 1: June when Democratic leaders were talking about tying these together, Well, 153 00:08:46,240 --> 00:08:47,880 Speaker 1: it should have been, and in many ways it was. 154 00:08:48,000 --> 00:08:52,480 Speaker 1: If you'll remember, on June the President, after meeting with 155 00:08:52,520 --> 00:08:55,400 Speaker 1: the bipartisan group in the Senate we put the infrastructure 156 00:08:55,400 --> 00:08:58,559 Speaker 1: bill together, had a press conference and in the course 157 00:08:58,559 --> 00:09:03,880 Speaker 1: of taking questions, he linked enactimate of the infrastructure built 158 00:09:03,880 --> 00:09:08,360 Speaker 1: of the reconciliation bill. And you know, the Republican senators 159 00:09:08,360 --> 00:09:10,840 Speaker 1: and frankly some of the Democratic senators as well as 160 00:09:10,880 --> 00:09:13,319 Speaker 1: groups like the Chamber who support the infrastructure bill but 161 00:09:13,360 --> 00:09:18,640 Speaker 1: opposed reconciliation. How them protest. Two days later, the president, 162 00:09:18,760 --> 00:09:22,960 Speaker 1: the President issued a pretty unprecedented statement where he walked 163 00:09:23,000 --> 00:09:25,720 Speaker 1: that back and he said we should judge each one 164 00:09:25,800 --> 00:09:28,640 Speaker 1: on the Merricka that he's going to fight for reconciliation, 165 00:09:28,960 --> 00:09:32,160 Speaker 1: but he understands that Republicans and others may fight him 166 00:09:32,200 --> 00:09:35,240 Speaker 1: on that standalone bill. And so that was the track 167 00:09:35,320 --> 00:09:38,920 Speaker 1: that the President put us on on June. We should 168 00:09:38,920 --> 00:09:41,520 Speaker 1: have stayed on that track. We shouldn't have back tracked 169 00:09:41,559 --> 00:09:44,000 Speaker 1: on right. Of course, Joe Biden is not holding the 170 00:09:44,080 --> 00:09:48,200 Speaker 1: gavel here, Neil is is the White House being led 171 00:09:48,200 --> 00:09:52,440 Speaker 1: by the progressive wing of the Democratic Party. Well, I 172 00:09:52,480 --> 00:09:57,360 Speaker 1: think that what what should have happened last week? He 173 00:09:57,480 --> 00:10:00,320 Speaker 1: was a rallying together to pass this infrastructure a bill 174 00:10:01,080 --> 00:10:04,959 Speaker 1: that clearly didn't happen. And you know, I think that 175 00:10:04,960 --> 00:10:07,520 Speaker 1: that is the unfortunate reality. I want to ask you 176 00:10:07,600 --> 00:10:10,360 Speaker 1: quickly about the debt limit. The President speaking about that 177 00:10:10,400 --> 00:10:14,120 Speaker 1: today as well, asking Republicans to step aside and actually 178 00:10:14,120 --> 00:10:17,200 Speaker 1: telling people those who were watching at home that their 179 00:10:17,240 --> 00:10:20,800 Speaker 1: retirement accounts could begin shrinking as a result as soon 180 00:10:20,840 --> 00:10:23,400 Speaker 1: as this week. Have you do you feel like you've 181 00:10:23,400 --> 00:10:25,480 Speaker 1: seen this movie before and you expect this is going 182 00:10:25,559 --> 00:10:28,320 Speaker 1: to be resolved. You're actually getting worried. New Well, we 183 00:10:28,400 --> 00:10:31,280 Speaker 1: have seen this movie before. Um, it's it's never a 184 00:10:31,320 --> 00:10:34,000 Speaker 1: great show. You know. The truth is is that the 185 00:10:34,120 --> 00:10:38,920 Speaker 1: United States can never default on its legal obligations. To 186 00:10:39,000 --> 00:10:43,679 Speaker 1: do so would have catastrophic economic consequences. Um. You know. 187 00:10:44,120 --> 00:10:46,680 Speaker 1: The interesting thing is that the debate that seems to 188 00:10:46,679 --> 00:10:50,439 Speaker 1: be going on in Washington now isn't so much about 189 00:10:50,679 --> 00:10:53,280 Speaker 1: whether or not the debt limit will be increased, but 190 00:10:53,480 --> 00:10:58,520 Speaker 1: the process, the legislative process that legislators will use to 191 00:10:58,559 --> 00:11:03,600 Speaker 1: actually increase the debt. Neil Bradley at the US Chamber 192 00:11:03,640 --> 00:11:06,440 Speaker 1: of Commerce, we thank you for being with us. You're 193 00:11:06,520 --> 00:11:10,600 Speaker 1: listening to Bloomberg. You sound on with Joe Matthew on 194 00:11:10,760 --> 00:11:16,520 Speaker 1: Bloomberg Radio. The headline on the terminal Biden warns of default, 195 00:11:16,600 --> 00:11:21,480 Speaker 1: McConnell firm on halting debt limit fix. Indeed, you heard 196 00:11:21,480 --> 00:11:24,360 Speaker 1: the President compare the debt limit to a meteor crashing 197 00:11:24,360 --> 00:11:28,199 Speaker 1: into our economy. And of course you've heard Miss McConnell 198 00:11:28,240 --> 00:11:31,280 Speaker 1: say for weeks at his party will not get involved. 199 00:11:31,320 --> 00:11:36,200 Speaker 1: So until further notice, we are dancing on the debt ceiling. 200 00:11:36,800 --> 00:11:40,199 Speaker 1: You are risking the full faith and credit of the 201 00:11:40,320 --> 00:11:47,760 Speaker 1: United States to play a nasty political game. Republicans and 202 00:11:47,760 --> 00:11:50,079 Speaker 1: Congress are treating this like a game. Let me give 203 00:11:50,080 --> 00:11:53,040 Speaker 1: you some examples. Senator Rick Scott, and this is a 204 00:11:53,120 --> 00:11:55,839 Speaker 1: real quote. I will note. This is gonna be a ball. 205 00:11:55,960 --> 00:11:58,199 Speaker 1: I'm going to have so much fun. That's about the 206 00:11:58,240 --> 00:12:03,480 Speaker 1: debt limit. The Republican leader in the Senate, Mr McConnell 207 00:12:03,559 --> 00:12:06,640 Speaker 1: was playing games with a loaded weapon here. He has 208 00:12:06,679 --> 00:12:10,120 Speaker 1: demanded that the filibuster be applied to the deaths of 209 00:12:10,360 --> 00:12:14,040 Speaker 1: palms accounts at partisan jams by the majority. We'll not 210 00:12:14,120 --> 00:12:24,280 Speaker 1: change out reality. And we have a great respect for 211 00:12:24,400 --> 00:12:29,160 Speaker 1: the sanctity of the debt ceiling and not Chuck does, 212 00:12:29,200 --> 00:12:32,520 Speaker 1: and Nanty does, and we all do. So that will 213 00:12:32,520 --> 00:12:35,600 Speaker 1: never be a problem. That ceiling will never be a problem. 214 00:12:35,600 --> 00:12:38,600 Speaker 1: We must raise the debt ceiling. We cannot allow America 215 00:12:39,000 --> 00:12:46,559 Speaker 1: to default. Partisanship is not a lightsay. May as well 216 00:12:46,679 --> 00:12:48,839 Speaker 1: danced through it, right. You can thank me later when 217 00:12:48,840 --> 00:12:52,880 Speaker 1: you're laying in bed with that earworm as we dance 218 00:12:52,960 --> 00:12:55,240 Speaker 1: on the ceiling with the panel. Rick and Genie are 219 00:12:55,280 --> 00:13:00,120 Speaker 1: here for the hour Bloomberg Politics contributors Genie Chanzino and 220 00:13:00,240 --> 00:13:03,079 Speaker 1: Rick Davis. I thought we'd spend back a little bit 221 00:13:03,120 --> 00:13:07,000 Speaker 1: for you. There nothing too contemporary, because we've got very 222 00:13:07,080 --> 00:13:10,320 Speaker 1: contemporary problems here. Genie, thanks for being with us. I 223 00:13:10,360 --> 00:13:13,720 Speaker 1: wonder what you made of Joe Biden's comments today as 224 00:13:13,760 --> 00:13:17,440 Speaker 1: he addressed the nation and could not guarantee that we 225 00:13:17,480 --> 00:13:21,280 Speaker 1: would not have a default. First of all, Lionel Ritchie 226 00:13:21,400 --> 00:13:24,360 Speaker 1: makes this all seem so much brighter and better. So 227 00:13:24,520 --> 00:13:27,720 Speaker 1: I am dancing in my c always. It's a good 228 00:13:27,720 --> 00:13:30,679 Speaker 1: way to start a Monday. But the presidents from Marks 229 00:13:30,760 --> 00:13:34,160 Speaker 1: you know about the meteor right, um, they are really chilling, 230 00:13:34,600 --> 00:13:38,240 Speaker 1: you know. I think we heard earlier on Bloomberg somebody 231 00:13:38,280 --> 00:13:41,280 Speaker 1: compare this to, you know, a staring contest, a game 232 00:13:41,320 --> 00:13:44,520 Speaker 1: of chicken between Mitch McConnell and Chuck Schumer, and that's 233 00:13:44,600 --> 00:13:47,960 Speaker 1: exactly what we are at. But of course the problem 234 00:13:48,040 --> 00:13:51,240 Speaker 1: here is there is a time limit. It's you know, 235 00:13:51,320 --> 00:13:54,560 Speaker 1: we keep hearing October eighteenth, and that's absolutely right, but 236 00:13:54,640 --> 00:13:57,760 Speaker 1: it's a process that has to get moving soon and 237 00:13:57,840 --> 00:13:59,920 Speaker 1: now we're hearing that Chuck Schumer is going to call 238 00:14:00,040 --> 00:14:02,800 Speaker 1: another vote this week. What is the impact on the 239 00:14:02,840 --> 00:14:06,520 Speaker 1: markets of another failed vote this week? And I can't, 240 00:14:07,080 --> 00:14:09,120 Speaker 1: I can't think Maybe you were, Rick, can think of 241 00:14:09,160 --> 00:14:11,600 Speaker 1: an example of when Mitch McConnell has said he would 242 00:14:11,640 --> 00:14:14,480 Speaker 1: do something or not do something and gone back on 243 00:14:14,559 --> 00:14:17,480 Speaker 1: his word. So I do think we're in a very 244 00:14:17,559 --> 00:14:21,400 Speaker 1: dangerous position at this point. Rick. Democrats keep mentioning Merrick Garland. 245 00:14:21,520 --> 00:14:24,240 Speaker 1: Remember everybody, he never did budge on that. How would 246 00:14:24,280 --> 00:14:26,600 Speaker 1: this be different? It's not gonna be different. I mean, 247 00:14:26,720 --> 00:14:29,160 Speaker 1: Jinnie is exactly right. I mean, the one thing that 248 00:14:29,240 --> 00:14:31,800 Speaker 1: you can actually count on is that if miss McConnell 249 00:14:31,840 --> 00:14:34,640 Speaker 1: says no, he means no. Uh. And he's he's been 250 00:14:34,720 --> 00:14:37,440 Speaker 1: very plain and spoken about this. Uh. There is going 251 00:14:37,480 --> 00:14:40,000 Speaker 1: to be a failure of this vote. He's uh. That's 252 00:14:40,120 --> 00:14:43,080 Speaker 1: in the Senate this week. Because it requires cloture, which 253 00:14:43,120 --> 00:14:45,520 Speaker 1: requires sixty votes, they're not going to break the filibuster. 254 00:14:45,920 --> 00:14:48,120 Speaker 1: Republicans are going to join to pass it. And and 255 00:14:48,160 --> 00:14:51,760 Speaker 1: so we'll have spent a week ticking away at this 256 00:14:51,840 --> 00:14:57,040 Speaker 1: clock towards October eighteenth without any progress. It's it's phenomenal 257 00:14:57,080 --> 00:15:01,520 Speaker 1: to me that that that the administration actually added gasoline 258 00:15:01,520 --> 00:15:04,760 Speaker 1: to the fire today with with President Biden's comments, because 259 00:15:04,880 --> 00:15:06,640 Speaker 1: rather than trying to take some of the heat off, 260 00:15:06,960 --> 00:15:09,520 Speaker 1: they seem to be kind of pouring more heat on. 261 00:15:09,680 --> 00:15:11,640 Speaker 1: And I don't see how that's going to resolve anything. 262 00:15:11,880 --> 00:15:14,080 Speaker 1: It was interesting a Genie d too to watch and 263 00:15:14,120 --> 00:15:16,280 Speaker 1: listen to the president work. He was not talking to 264 00:15:16,320 --> 00:15:19,560 Speaker 1: the Washington circle here, right, It really wasn't for Mitch McConnell. 265 00:15:19,600 --> 00:15:21,640 Speaker 1: He was trying to speak to people in their living 266 00:15:21,720 --> 00:15:25,560 Speaker 1: rooms and try to bring this home in everyday terms. 267 00:15:26,160 --> 00:15:30,760 Speaker 1: And before the default day, people may see the value 268 00:15:30,800 --> 00:15:34,480 Speaker 1: of their retirement accounts shrink. It may say, interest rates 269 00:15:34,520 --> 00:15:37,920 Speaker 1: go up, which will ultimately raise their mortgage payments and 270 00:15:38,000 --> 00:15:42,720 Speaker 1: car payments. And the American people, look, I just say 271 00:15:42,760 --> 00:15:46,960 Speaker 1: it this way, as soon as this week, your savings 272 00:15:47,040 --> 00:15:51,440 Speaker 1: in your pocket, your pocketbook could be directly impacted by 273 00:15:51,440 --> 00:15:54,440 Speaker 1: this Republican stunt. Does that work, Genie? Or is the 274 00:15:54,480 --> 00:15:58,400 Speaker 1: president assuming people are watching when they're outliving their lives. Well, 275 00:15:58,440 --> 00:16:00,880 Speaker 1: this is what I have been, you know, sort of 276 00:16:00,960 --> 00:16:03,480 Speaker 1: confused by coming out of the White House on this, 277 00:16:03,600 --> 00:16:07,080 Speaker 1: and and the and the Democratic leaders in Congress, particularly 278 00:16:07,160 --> 00:16:10,680 Speaker 1: Chuck Schumer, I don't think the American public are paying 279 00:16:10,720 --> 00:16:13,560 Speaker 1: as much attention as they may think. And you're absolutely 280 00:16:13,560 --> 00:16:16,320 Speaker 1: the right the president trying to speak to Americans. He's 281 00:16:16,440 --> 00:16:19,320 Speaker 1: right on what could potentially happen. But I think the 282 00:16:19,400 --> 00:16:21,880 Speaker 1: reality as you go back and look at these sort 283 00:16:21,880 --> 00:16:24,400 Speaker 1: of games we've seen over this over the last decade, 284 00:16:24,880 --> 00:16:28,240 Speaker 1: is that there is very little political benefit for the 285 00:16:28,240 --> 00:16:31,040 Speaker 1: White House or the Democrats on this. The fact is 286 00:16:31,120 --> 00:16:33,960 Speaker 1: they have the votes to move this forward. They could 287 00:16:33,960 --> 00:16:37,200 Speaker 1: have done it, and they could have refocused attention on infrastructure. 288 00:16:37,440 --> 00:16:39,520 Speaker 1: You know. I think what they are trying to say 289 00:16:39,680 --> 00:16:42,840 Speaker 1: is they are trying to ensure that the business community, 290 00:16:42,880 --> 00:16:45,960 Speaker 1: financial markets, others begin to put heat on Republicans and 291 00:16:46,040 --> 00:16:48,520 Speaker 1: maybe enough of them, maybe ten, although I doubt it, 292 00:16:48,800 --> 00:16:51,160 Speaker 1: go with them and they get the vote. But but 293 00:16:51,240 --> 00:16:53,880 Speaker 1: it's such an unlikely scenario. I don't see the benefit 294 00:16:53,920 --> 00:16:56,080 Speaker 1: for the White House or Democrats on doing this. So 295 00:16:56,200 --> 00:16:59,240 Speaker 1: you mentioned another week wasted here, Rick, We could have 296 00:16:59,320 --> 00:17:01,080 Speaker 1: done this two weeks to go. Of course, right when 297 00:17:01,080 --> 00:17:03,240 Speaker 1: it was first put together with the with the debt 298 00:17:03,320 --> 00:17:06,480 Speaker 1: ceiling on the government funding bill. Are they going to 299 00:17:06,600 --> 00:17:08,720 Speaker 1: make it? You know, I think they'll make it. I 300 00:17:08,720 --> 00:17:11,520 Speaker 1: think there's there are two things right. There's a Washington game, 301 00:17:11,680 --> 00:17:13,600 Speaker 1: which is what's actually going to happen to get the 302 00:17:13,600 --> 00:17:17,400 Speaker 1: debt ceiling raised, and and that's a mechanical exercise. If 303 00:17:17,400 --> 00:17:20,160 Speaker 1: the Democrats put it through, reconciliation will pass in two weeks, 304 00:17:20,200 --> 00:17:22,440 Speaker 1: that's not hard. If they continue to try and pike 305 00:17:22,480 --> 00:17:24,679 Speaker 1: it out to the public, it will be confusing and 306 00:17:24,680 --> 00:17:27,480 Speaker 1: it won't add to the success of this administration raising 307 00:17:27,520 --> 00:17:29,840 Speaker 1: the debt ceiling. At the Supreme Court today, the first 308 00:17:29,840 --> 00:17:34,640 Speaker 1: courtroom argument since March of as I read from Bloomberg's 309 00:17:34,640 --> 00:17:37,879 Speaker 1: Greg's Store, the U. S. Supreme Court arguments in person 310 00:17:37,960 --> 00:17:40,320 Speaker 1: for the first time in nineteen months, kicking off a 311 00:17:40,320 --> 00:17:43,640 Speaker 1: new term as never before in a quarter filled court 312 00:17:43,760 --> 00:17:49,920 Speaker 1: room with piped in questions from a quarantining justice. That's 313 00:17:49,960 --> 00:17:52,560 Speaker 1: how you write a lead. Greg, thanks for being with 314 00:17:52,640 --> 00:17:55,040 Speaker 1: us as always been looking forward to this conversation, as 315 00:17:55,040 --> 00:17:57,880 Speaker 1: you also write abortion, guns, and God on the agenda here. 316 00:17:57,880 --> 00:18:00,760 Speaker 1: The Texas abortion law is the one I think most 317 00:18:00,760 --> 00:18:03,560 Speaker 1: people are familiar with, but it's Mississippi we're looking at 318 00:18:03,600 --> 00:18:06,080 Speaker 1: here in the U. S. Supreme Court. How about we 319 00:18:06,119 --> 00:18:09,600 Speaker 1: start there and that particular case as the Court will 320 00:18:09,640 --> 00:18:13,520 Speaker 1: consider a case that could slash reproductive rights nationwide and 321 00:18:13,560 --> 00:18:17,200 Speaker 1: even asks justices to overturn Roe v. Wade. This is 322 00:18:17,240 --> 00:18:20,399 Speaker 1: a big deal this session. Yeah, it's a huge deal, Joe. Um, 323 00:18:21,160 --> 00:18:23,600 Speaker 1: it's a case. It's gonna be argued December. The first 324 00:18:23,720 --> 00:18:28,200 Speaker 1: Mississippi's law banned abortion after fifteen weeks of pregnancy. While 325 00:18:28,240 --> 00:18:30,320 Speaker 1: that's not as strict as the Texas law, that is 326 00:18:30,480 --> 00:18:33,760 Speaker 1: much stricter than anything the Supreme Court is upheld before 327 00:18:34,480 --> 00:18:37,879 Speaker 1: uh and Mississippi asked the Court not only to uphold 328 00:18:37,920 --> 00:18:41,280 Speaker 1: their law, but also, as you, as you suggest, overturn 329 00:18:41,359 --> 00:18:44,399 Speaker 1: the Roe v. Wade decision from nineteen seventy three that 330 00:18:44,480 --> 00:18:48,200 Speaker 1: legalized abortion nationwide. The Court doesn't have to go that far. 331 00:18:48,640 --> 00:18:51,119 Speaker 1: But even if it does uphold this law, it is 332 00:18:51,160 --> 00:18:54,920 Speaker 1: certainly going to be open season for other Republican controlled 333 00:18:54,920 --> 00:18:59,040 Speaker 1: states to put their own abortion restrictions in place. Of course, 334 00:18:59,080 --> 00:19:01,720 Speaker 1: a lot of states have been acting preemptively and even 335 00:19:01,760 --> 00:19:04,920 Speaker 1: we're during the Trump administration, to create laws of their own. 336 00:19:05,760 --> 00:19:09,919 Speaker 1: Would those survive a ruling by the Supreme Court. Some 337 00:19:10,040 --> 00:19:13,639 Speaker 1: of them will, and some of them will survive regardless 338 00:19:13,640 --> 00:19:17,480 Speaker 1: of how this case comes out. Those laws of span 339 00:19:17,680 --> 00:19:21,160 Speaker 1: the cup of the spectrum, from laws that would completely 340 00:19:21,160 --> 00:19:25,119 Speaker 1: abolish abortion, some that automatically kick in if Roe v. 341 00:19:25,240 --> 00:19:29,520 Speaker 1: Wade is overturned. Uh, and then other states have bands 342 00:19:29,600 --> 00:19:33,560 Speaker 1: at various points during pregnancy. There are laws that are 343 00:19:33,880 --> 00:19:39,439 Speaker 1: selective abortions all manner of additional restrictions. And so it 344 00:19:39,560 --> 00:19:42,240 Speaker 1: just kind of depends on how far the Supreme Court goes. 345 00:19:42,359 --> 00:19:46,600 Speaker 1: The broad consensus is that abortion Writes is in trouble. 346 00:19:46,640 --> 00:19:49,400 Speaker 1: There's a really good chance that that law will be upheld. 347 00:19:49,720 --> 00:19:51,959 Speaker 1: It's just a question of how far the court goes 348 00:19:52,240 --> 00:19:54,800 Speaker 1: in upholding it. I'll ask you about some of the 349 00:19:54,800 --> 00:19:57,320 Speaker 1: other items on the agenda here, Greg, but just the 350 00:19:57,760 --> 00:20:01,040 Speaker 1: nature of this term is some thing unusual. As you 351 00:20:01,080 --> 00:20:05,360 Speaker 1: wrote a quarter filled courtroom and piped in questions from 352 00:20:05,359 --> 00:20:09,119 Speaker 1: a quarantining justice. Are we to believe that Brett Kavanaugh 353 00:20:09,200 --> 00:20:11,440 Speaker 1: is going to be all right? He's he's tested positive 354 00:20:11,440 --> 00:20:14,879 Speaker 1: but no symptoms, right, Yeah, that's what we're told, And 355 00:20:14,920 --> 00:20:18,960 Speaker 1: he's going to be home for a week. Um, and Uh, 356 00:20:19,000 --> 00:20:21,240 Speaker 1: if all goes well, one would I would expect to 357 00:20:21,240 --> 00:20:25,480 Speaker 1: see him on the bench next week. Uh. He sounded 358 00:20:25,520 --> 00:20:28,439 Speaker 1: perfectly fine and asking the questions they were uh, you know, 359 00:20:28,800 --> 00:20:33,120 Speaker 1: came through the speaker system. There he was on on phone. Um, 360 00:20:33,119 --> 00:20:37,920 Speaker 1: every indication is that unless there's, you know, another positive 361 00:20:37,960 --> 00:20:40,040 Speaker 1: test for somebody on the court, that they'll go back 362 00:20:40,040 --> 00:20:42,879 Speaker 1: to something a little closer to normal, at least as 363 00:20:42,920 --> 00:20:46,439 Speaker 1: far as he's concerned. The room includes seventy five people, 364 00:20:46,600 --> 00:20:50,680 Speaker 1: mostly mask wearing reporters and law clerks, and designated well 365 00:20:50,840 --> 00:20:54,800 Speaker 1: spaced seats in the section of the courtroom normally reserved 366 00:20:54,800 --> 00:20:56,560 Speaker 1: for the public. Would that have happened either way? Is 367 00:20:56,560 --> 00:20:59,600 Speaker 1: that because of Kavanaugh? No, that would have happened either way. 368 00:21:00,280 --> 00:21:03,439 Speaker 1: In fact, they announced this, but beforehand it was the 369 00:21:03,480 --> 00:21:05,919 Speaker 1: session was closed to the public. The press members who 370 00:21:06,080 --> 00:21:08,520 Speaker 1: were allowed in were only those of us who cover 371 00:21:08,600 --> 00:21:10,800 Speaker 1: the court on a regular basis. There's a twenty seven 372 00:21:10,800 --> 00:21:13,600 Speaker 1: of us that have Supreme Court passes. All the law 373 00:21:13,640 --> 00:21:17,800 Speaker 1: clerks were there. Um. It was sort of a strange situation. 374 00:21:17,840 --> 00:21:21,359 Speaker 1: It was both very very familiar, uh, and kind of 375 00:21:21,440 --> 00:21:24,600 Speaker 1: drawing le different. It was a different spot from where 376 00:21:24,640 --> 00:21:28,160 Speaker 1: we and the press are used to sitting. The lawyers 377 00:21:28,160 --> 00:21:31,080 Speaker 1: as they were arguing, were a lot farther away from 378 00:21:31,119 --> 00:21:34,879 Speaker 1: the justices than they normally are. And then of course 379 00:21:34,960 --> 00:21:37,399 Speaker 1: you had for the first time. Ever, a justice piping 380 00:21:37,440 --> 00:21:42,440 Speaker 1: in via telephone sounds entirely awkward. I have to admit, Uh, Guns, religion, 381 00:21:42,720 --> 00:21:46,600 Speaker 1: federal regulation. You right could add cases as well on 382 00:21:46,680 --> 00:21:52,000 Speaker 1: affirmative action, redistricting, and the president's vaccine mandate. With what 383 00:21:52,040 --> 00:21:54,520 Speaker 1: we know, with what's already on the docket, Greg, what's 384 00:21:54,520 --> 00:21:57,000 Speaker 1: important for our listeners to know about. In terms of 385 00:21:57,119 --> 00:22:01,600 Speaker 1: guns and God, Well, gun, there's one very big case 386 00:22:01,640 --> 00:22:04,560 Speaker 1: that has to do with a New York law that 387 00:22:04,840 --> 00:22:07,360 Speaker 1: that makes it very difficult for most people to get 388 00:22:07,359 --> 00:22:10,080 Speaker 1: a permit to carry a weapon in public. The Supreme 389 00:22:10,119 --> 00:22:12,840 Speaker 1: Court has never said that the Second Amendment applies outside 390 00:22:12,840 --> 00:22:15,679 Speaker 1: the home. Uh. This looks to be the case where 391 00:22:15,720 --> 00:22:18,600 Speaker 1: the conservative majority is going to do that, and it 392 00:22:18,680 --> 00:22:22,440 Speaker 1: could well strike down New York's law and and say 393 00:22:22,520 --> 00:22:26,360 Speaker 1: that everybody, or at least the the average person, has 394 00:22:26,400 --> 00:22:28,960 Speaker 1: a right to get a permit to carry a weapon 395 00:22:29,000 --> 00:22:32,440 Speaker 1: for purposes of self defense. In terms of God, there 396 00:22:32,440 --> 00:22:35,840 Speaker 1: are multiple cases that the Court has at this point. 397 00:22:35,920 --> 00:22:39,920 Speaker 1: They include a school funding case out of Maine. UH. 398 00:22:39,960 --> 00:22:44,560 Speaker 1: They include a case of an inmate who wants to 399 00:22:44,640 --> 00:22:48,040 Speaker 1: who's going to be executed, wants to have his u 400 00:22:48,680 --> 00:22:51,439 Speaker 1: pastor in the death chamber not just there but also 401 00:22:51,560 --> 00:22:54,520 Speaker 1: praying out loud and laying hands on the inmate at 402 00:22:54,520 --> 00:22:57,720 Speaker 1: the moment of the lethal injection. And this is a 403 00:22:57,760 --> 00:23:02,000 Speaker 1: Supreme Court that has really bolster religious rights already in 404 00:23:02,080 --> 00:23:06,840 Speaker 1: the past several terms. And the Court is certainly showing 405 00:23:06,960 --> 00:23:10,280 Speaker 1: even more eagerness to take up more cases and further 406 00:23:10,440 --> 00:23:14,120 Speaker 1: buttress religious rights under the Constitution. I have to ask 407 00:23:14,160 --> 00:23:17,600 Speaker 1: you about johars Nayev, which is a name I unfortunately 408 00:23:17,680 --> 00:23:19,760 Speaker 1: had to say on the air a lot of times 409 00:23:19,760 --> 00:23:22,560 Speaker 1: when I was reporting in Boston. The Court will consider 410 00:23:22,600 --> 00:23:26,040 Speaker 1: a Justice Department bid to reinstate the death sentence for Zarnaiev, 411 00:23:26,119 --> 00:23:29,760 Speaker 1: is convicted in the Boston marathon bombing. Yeah, so this 412 00:23:29,840 --> 00:23:32,600 Speaker 1: is this is a case where there's some question about 413 00:23:32,600 --> 00:23:35,240 Speaker 1: how the Biden administration would handle this because the President 414 00:23:36,560 --> 00:23:42,480 Speaker 1: has said that he's troubled by federal executions. The Justice 415 00:23:42,520 --> 00:23:46,199 Speaker 1: Department is continuing to defend this sentence and seek to 416 00:23:46,200 --> 00:23:49,639 Speaker 1: have it reinstated. There are two issues in the case, 417 00:23:50,280 --> 00:23:58,240 Speaker 1: um uh what one is the issue of whether jurors 418 00:23:58,240 --> 00:24:01,520 Speaker 1: should have been questioned more specifically about what media they 419 00:24:01,560 --> 00:24:05,840 Speaker 1: consumed in advance of the trial. There the argument by 420 00:24:06,119 --> 00:24:09,520 Speaker 1: um Bunny tennis lawyers, is that he didn't get a 421 00:24:09,520 --> 00:24:14,280 Speaker 1: fair trial because um, it just was impossible. Um or 422 00:24:14,280 --> 00:24:16,960 Speaker 1: at least we don't know enough about what the jurors 423 00:24:17,280 --> 00:24:19,720 Speaker 1: thought about the case. Greg. I'm sorry, we're out of time. 424 00:24:19,720 --> 00:24:22,159 Speaker 1: They'll also, by the way, looking to be looking at 425 00:24:22,200 --> 00:24:25,639 Speaker 1: whether the judge should have allowed evidence involving a previous crime. 426 00:24:25,680 --> 00:24:31,639 Speaker 1: Greg's store with us. This is Bloomberg. You're listening to Bloomberg. 427 00:24:31,720 --> 00:24:37,560 Speaker 1: You sound on with Joe Matthew on Bloomberg Radio. So 428 00:24:37,600 --> 00:24:40,400 Speaker 1: the Supremes are often running on their new term, as 429 00:24:40,440 --> 00:24:43,360 Speaker 1: we just discussed with Greg Store and some big issues 430 00:24:43,400 --> 00:24:47,879 Speaker 1: including the Mississippi abortion case that asks the justices to 431 00:24:48,160 --> 00:24:50,639 Speaker 1: overturn Roe v. Wade. And that's where we pick up 432 00:24:50,640 --> 00:24:54,320 Speaker 1: here with the panel Bloomberg Politics contributors Jeanie Schanzano and 433 00:24:54,440 --> 00:24:57,280 Speaker 1: Rick Davis back with us for the rest of the hour. Rick, 434 00:24:57,359 --> 00:25:00,520 Speaker 1: This case and others, including the first major gun case 435 00:25:01,200 --> 00:25:03,320 Speaker 1: to be heard by the Court in about a decade, 436 00:25:03,480 --> 00:25:06,720 Speaker 1: as we learned from Greg, could make some real problems 437 00:25:06,720 --> 00:25:09,639 Speaker 1: for the democratic agenda if the Court shows its conservative 438 00:25:09,680 --> 00:25:12,480 Speaker 1: stripes this year. Yeah, there's no question that this could 439 00:25:12,520 --> 00:25:14,440 Speaker 1: be a real pace set er year. For the for 440 00:25:14,560 --> 00:25:19,240 Speaker 1: the court obviously with a six vote advantage amongst Republican 441 00:25:19,280 --> 00:25:24,200 Speaker 1: appointed justices. Uh, it's pretty heavily weighted. And and it's 442 00:25:24,280 --> 00:25:30,400 Speaker 1: interesting um um, Democratic appointed justice Brier says, judicial philosophy 443 00:25:30,440 --> 00:25:34,840 Speaker 1: outweighs partisan political association. But what if it's the same. 444 00:25:36,000 --> 00:25:37,800 Speaker 1: And I think that's what you have here. You're gonna 445 00:25:37,840 --> 00:25:40,760 Speaker 1: have a lot of people whose judicial philosophies actually echo 446 00:25:40,960 --> 00:25:44,920 Speaker 1: the Republican party's philosophy. And you're gonna see some pretty 447 00:25:45,000 --> 00:25:50,040 Speaker 1: interesting outcomes for some very very uh sensitive social and 448 00:25:50,640 --> 00:25:53,640 Speaker 1: political issues in this year's court. Where does the court 449 00:25:53,680 --> 00:25:56,439 Speaker 1: fallen Roe v. Wade? Before, I asked Jennie, Oh, I 450 00:25:56,440 --> 00:26:01,639 Speaker 1: think that especially led by Amy Comy Barrett, Uh, there's 451 00:26:01,760 --> 00:26:04,359 Speaker 1: there's the potential for an attack and uh and I 452 00:26:04,400 --> 00:26:08,480 Speaker 1: think actually the Chairman Roberts is the one who could 453 00:26:08,520 --> 00:26:10,960 Speaker 1: probably bring more balance to the Court on this issue 454 00:26:11,200 --> 00:26:14,000 Speaker 1: since he doesn't like to look at overturning precedents. That's 455 00:26:14,040 --> 00:26:15,879 Speaker 1: the role he has come to play here. Jeanie, do 456 00:26:15,880 --> 00:26:19,199 Speaker 1: you see the Supreme Court overturning Roe v. Wade? It 457 00:26:19,359 --> 00:26:22,399 Speaker 1: is a possibility. I don't think we know at this point. 458 00:26:22,480 --> 00:26:26,159 Speaker 1: And certainly Justice a Chief Justice Roberts has given an 459 00:26:26,200 --> 00:26:29,919 Speaker 1: inclination that he puts the institution and the legitimacy of 460 00:26:29,920 --> 00:26:33,880 Speaker 1: the institution above other things. But he is not alone. 461 00:26:34,040 --> 00:26:37,640 Speaker 1: You know, you mentioned Justice Kavana being quarantined. He now 462 00:26:37,720 --> 00:26:40,760 Speaker 1: has pushed Chief Justice Roberts out of that middle position. 463 00:26:41,040 --> 00:26:43,520 Speaker 1: He is now firmly the swing vote on the Court. 464 00:26:43,960 --> 00:26:46,920 Speaker 1: He was with the majority in all but two cases 465 00:26:47,000 --> 00:26:50,439 Speaker 1: last term, behind him Roberts and all but four, and 466 00:26:50,520 --> 00:26:55,240 Speaker 1: behind him Amy Coney Barrett. She didn't hear as many cases, obviously, 467 00:26:55,520 --> 00:26:58,440 Speaker 1: but she was third in line. So if those two 468 00:26:58,560 --> 00:27:01,280 Speaker 1: or three could hang together, we may not get an 469 00:27:01,280 --> 00:27:04,840 Speaker 1: overturning of something like Row. But it's hard to tell. 470 00:27:05,160 --> 00:27:07,240 Speaker 1: And of course we're talking about this in the context 471 00:27:07,240 --> 00:27:09,320 Speaker 1: of the Supreme Court. But I think it's important to 472 00:27:09,359 --> 00:27:13,680 Speaker 1: mention just recently, Joe Manchin has said he wants the 473 00:27:13,760 --> 00:27:17,479 Speaker 1: High Amendment kept in this reconciliation bill. That's a no 474 00:27:17,600 --> 00:27:21,560 Speaker 1: go for Democrats. That's raising abortion in that context as well. Well, 475 00:27:21,640 --> 00:27:23,720 Speaker 1: let's get into this. I was really taken by and 476 00:27:23,760 --> 00:27:26,800 Speaker 1: I heard that part of the conversation with Pamilla Gia 477 00:27:26,840 --> 00:27:29,280 Speaker 1: Paulo said that's a non starter. She was I believe. 478 00:27:29,320 --> 00:27:33,760 Speaker 1: On CNN yesterday, Alexandriacascio Cortez turned up on Face the Nation. 479 00:27:33,840 --> 00:27:37,080 Speaker 1: The Progressives, Rick were the ones out on Sunday morning television, 480 00:27:37,400 --> 00:27:42,400 Speaker 1: certainly outnumbering moderates in their arguing for the Reconciliation bill, 481 00:27:42,520 --> 00:27:45,040 Speaker 1: and and also showing a little more sunlight than I've 482 00:27:45,080 --> 00:27:49,680 Speaker 1: heard frankly yet certainly in the case of AOC suggesting that, well, 483 00:27:49,720 --> 00:27:52,480 Speaker 1: it might be shrinking the timeline on these issues, maybe 484 00:27:52,480 --> 00:27:55,760 Speaker 1: we're open to lowering the price tags as opposed to jettison, 485 00:27:56,119 --> 00:28:01,480 Speaker 1: you know, jettison ng entire issues like childcare or universal 486 00:28:01,560 --> 00:28:04,320 Speaker 1: pre K. Did did you see any light come into 487 00:28:04,320 --> 00:28:07,479 Speaker 1: this conversation, this debate in these interviews yesterday or are 488 00:28:07,480 --> 00:28:09,439 Speaker 1: we still where we were on Friday? Yeah? No, I 489 00:28:09,480 --> 00:28:12,520 Speaker 1: think it's a Actually we're in worse shape if you 490 00:28:12,640 --> 00:28:15,159 Speaker 1: actually want to see a deal, because this was their 491 00:28:15,240 --> 00:28:18,440 Speaker 1: victory lap right. I mean, they stopped Nancy Pelosi from 492 00:28:18,440 --> 00:28:22,000 Speaker 1: shoven infrastructure through the House. And and it's not often 493 00:28:22,080 --> 00:28:24,880 Speaker 1: you can actually say that you can stop Nancy Pelosi. 494 00:28:25,000 --> 00:28:27,840 Speaker 1: She is a you know, a hurricane when it comes 495 00:28:27,880 --> 00:28:31,440 Speaker 1: to getting things done. And so that's why they all 496 00:28:31,440 --> 00:28:33,719 Speaker 1: went out and they wanted to frame it on their terms. 497 00:28:33,920 --> 00:28:37,720 Speaker 1: And and yet that doesn't help actually bring the party together, 498 00:28:37,800 --> 00:28:41,400 Speaker 1: because all they're talking about is bringing Democrats together. And 499 00:28:41,480 --> 00:28:45,160 Speaker 1: when you have one faction of that minority faction out 500 00:28:45,280 --> 00:28:48,760 Speaker 1: declaring victory against the leadership and the rank and file 501 00:28:48,800 --> 00:28:51,760 Speaker 1: of their party, Uh, it's only going to create more 502 00:28:51,800 --> 00:28:54,760 Speaker 1: bad feelings. So, yeah, maybe a little daylight and that 503 00:28:54,800 --> 00:28:57,440 Speaker 1: they're willing to negotiate, But I can't even imagine what 504 00:28:57,520 --> 00:29:00,440 Speaker 1: that number is since they they already said this weekend 505 00:29:00,640 --> 00:29:03,560 Speaker 1: that they've come down from the five trillion dollar mark 506 00:29:03,640 --> 00:29:05,880 Speaker 1: that they started at six three and a half. Yes, 507 00:29:06,320 --> 00:29:08,280 Speaker 1: and that and one and a half as a nonstarter. 508 00:29:08,760 --> 00:29:10,920 Speaker 1: I suspect that you both have seen by now the 509 00:29:11,040 --> 00:29:16,760 Speaker 1: viral video of Senator Cinema Kirston Cinema being berated in 510 00:29:17,040 --> 00:29:21,520 Speaker 1: her classroom and then in the bathroom by a group 511 00:29:21,680 --> 00:29:25,719 Speaker 1: of protesters Progressive protesters or I guess are part of 512 00:29:25,800 --> 00:29:28,440 Speaker 1: this group, and you're probably familiar with them, uh Rick 513 00:29:28,560 --> 00:29:32,760 Speaker 1: Living United for Change in Arizona. This is audio from 514 00:29:33,160 --> 00:29:36,160 Speaker 1: the video that went viral. We knocked on doors for 515 00:29:36,240 --> 00:29:40,560 Speaker 1: you to get you elected, just inside the bathroom at 516 00:29:40,600 --> 00:29:46,760 Speaker 1: Arizona State Kirston cinema went into the stall to do 517 00:29:46,840 --> 00:29:51,880 Speaker 1: her business as these people are filming there and the 518 00:29:51,960 --> 00:29:55,920 Speaker 1: sound of the results there. President Biden was asked about 519 00:29:55,920 --> 00:29:58,520 Speaker 1: it today. I don't think they're appropriate tactics. It happens 520 00:29:58,520 --> 00:30:03,040 Speaker 1: to everybody from the only people. Doesn't happen to people 521 00:30:03,520 --> 00:30:07,480 Speaker 1: who have secret server standing around. Um. So it's it's 522 00:30:07,640 --> 00:30:10,720 Speaker 1: it's part of the process, part of the process. I 523 00:30:10,760 --> 00:30:13,880 Speaker 1: don't know if the Senator would agree, but Press Secretary 524 00:30:14,120 --> 00:30:17,720 Speaker 1: Jen Psaki was asked about this, if we really meant 525 00:30:17,760 --> 00:30:20,680 Speaker 1: to say it that way following the President's address, her classroom, 526 00:30:20,800 --> 00:30:24,400 Speaker 1: her students, uh and and the safe and intellectually stimulating 527 00:30:24,480 --> 00:30:26,680 Speaker 1: environment she's worked to create during the years she's of 528 00:30:26,720 --> 00:30:29,600 Speaker 1: teaching it at a s U were was breached. That's 529 00:30:29,640 --> 00:30:32,480 Speaker 1: inappropriate and unacceptable, And I think the context of what 530 00:30:32,560 --> 00:30:35,040 Speaker 1: happened here is important. Despite the fact that of course 531 00:30:35,080 --> 00:30:38,360 Speaker 1: we stand for the President stands for the fundamental right 532 00:30:38,560 --> 00:30:41,600 Speaker 1: of people to protest, why not just condemn that kind 533 00:30:41,600 --> 00:30:43,800 Speaker 1: of behavior, Genie to the White House do that right? 534 00:30:43,920 --> 00:30:48,000 Speaker 1: Is it worth stopping down to kind of reinforce people's 535 00:30:48,200 --> 00:30:51,400 Speaker 1: right to demonstrate? Well, you know, I think the reason 536 00:30:51,560 --> 00:30:54,400 Speaker 1: is is what Joe Biden said earlier, is that two 537 00:30:54,440 --> 00:30:57,520 Speaker 1: people are standing in the way of him achieving his agenda. 538 00:30:57,680 --> 00:30:59,520 Speaker 1: So you know, you know, he did on the one 539 00:30:59,600 --> 00:31:02,520 Speaker 1: hand that he doesn't you know, this isn't something that 540 00:31:02,560 --> 00:31:05,000 Speaker 1: he supports, and so on and so forth, but he 541 00:31:05,080 --> 00:31:07,760 Speaker 1: also sort of just brushed it aside and said that 542 00:31:07,800 --> 00:31:10,200 Speaker 1: it happens to the best of us. And the reality 543 00:31:10,320 --> 00:31:14,080 Speaker 1: is for Joe Biden, Kristen Cinema, Joe Mansion are standing 544 00:31:14,120 --> 00:31:16,960 Speaker 1: in the way. He's very clear of him achieving his agenda. 545 00:31:17,280 --> 00:31:20,120 Speaker 1: And so I think, you know, they want pressure. The 546 00:31:20,120 --> 00:31:23,240 Speaker 1: White House wants pressure put on these senators. They want 547 00:31:23,280 --> 00:31:25,880 Speaker 1: them to feel the heat and get on board. And 548 00:31:25,960 --> 00:31:28,280 Speaker 1: so I think the President responded that way. I don't 549 00:31:28,320 --> 00:31:31,040 Speaker 1: think it's the way I would have advised responding, but 550 00:31:31,080 --> 00:31:33,280 Speaker 1: he responded, I think the way as Joe Biden does. 551 00:31:33,320 --> 00:31:37,080 Speaker 1: He actually felt well, Rick, this has been an issue 552 00:31:38,000 --> 00:31:40,360 Speaker 1: largely for conservatives really over the last couple of years 553 00:31:40,360 --> 00:31:43,520 Speaker 1: of the Trump administration, and for instance, in the Kavanaugh hearings, 554 00:31:43,520 --> 00:31:47,000 Speaker 1: we remember people being shouted down Jeff Flake in an elevator, 555 00:31:47,080 --> 00:31:50,360 Speaker 1: Ted Cruz at a restaurant. This is this is what 556 00:31:50,400 --> 00:31:53,800 Speaker 1: we do as as president Biden said part of the process. Now, well, 557 00:31:53,840 --> 00:31:56,280 Speaker 1: I think it's part of the process that has deteriorated. 558 00:31:56,320 --> 00:31:59,760 Speaker 1: And I was disappointed that this president, who is trying 559 00:31:59,760 --> 00:32:03,680 Speaker 1: to ring more stature to the office, didn't go out 560 00:32:03,680 --> 00:32:05,200 Speaker 1: of his way to try and bring it back to 561 00:32:05,280 --> 00:32:08,560 Speaker 1: some kind of equilibrium. Uh, you're He's right. Every if 562 00:32:08,600 --> 00:32:11,440 Speaker 1: you're in politics, you're going to get protested. But it 563 00:32:11,480 --> 00:32:14,200 Speaker 1: doesn't mean that there isn't a right place and the 564 00:32:14,280 --> 00:32:17,080 Speaker 1: right time to do it. And and people getting chase 565 00:32:17,120 --> 00:32:21,560 Speaker 1: through airports or into bathrooms is inappropriate behavior. It redefines 566 00:32:21,640 --> 00:32:24,720 Speaker 1: potty mouth. And uh. And I think that I think 567 00:32:24,760 --> 00:32:27,800 Speaker 1: that this president missed an opportunity to do what John 568 00:32:27,840 --> 00:32:29,960 Speaker 1: McCain used to do all the time, which is point 569 00:32:29,960 --> 00:32:34,160 Speaker 1: out when you have an opportunity, uh, that some things 570 00:32:34,240 --> 00:32:37,880 Speaker 1: just aren't appropriate. Yeah, just back off from the stall. 571 00:32:37,920 --> 00:32:41,120 Speaker 1: I mean, this is beyond people walking into a restaurant. Here. 572 00:32:41,440 --> 00:32:43,720 Speaker 1: By the way, the part that you did not see 573 00:32:43,800 --> 00:32:47,960 Speaker 1: was Senator Cinema coming out of the stall, washing her 574 00:32:48,000 --> 00:32:51,600 Speaker 1: hands and leaving the bathroom without saying a word. Pretty 575 00:32:51,600 --> 00:32:55,960 Speaker 1: stoic in that particular instance. Genie she was, and that's 576 00:32:56,000 --> 00:32:58,920 Speaker 1: how she has been pretty much all along. She she 577 00:32:59,200 --> 00:33:02,840 Speaker 1: is a very very independently minded Democrat as we know, 578 00:33:03,240 --> 00:33:06,920 Speaker 1: and she, you know, has a perplexed Democrats across the board. 579 00:33:06,920 --> 00:33:09,120 Speaker 1: I mean, I'm sure you you saw the clips from 580 00:33:09,160 --> 00:33:12,360 Speaker 1: Saturday Night Live over this weekend where they're portraying her 581 00:33:12,400 --> 00:33:14,800 Speaker 1: in a way. Many Democrats seem to view her as 582 00:33:15,040 --> 00:33:18,520 Speaker 1: you know, something some somebody that they don't quite understand. 583 00:33:18,600 --> 00:33:21,560 Speaker 1: They were not sure what she wants out of this deal, 584 00:33:21,880 --> 00:33:24,560 Speaker 1: and of course she does not famously does not talk 585 00:33:24,600 --> 00:33:27,080 Speaker 1: to the press. That's right. So let's talk about where 586 00:33:27,080 --> 00:33:29,480 Speaker 1: we are with all of this, Rick, You just gave 587 00:33:29,560 --> 00:33:32,360 Speaker 1: us a sense of where of where you are, uh 588 00:33:32,400 --> 00:33:36,680 Speaker 1: with regard to infrastructure and reconciliation. What are we going 589 00:33:36,720 --> 00:33:38,920 Speaker 1: to see between now and Halloween. I do find it 590 00:33:39,000 --> 00:33:44,080 Speaker 1: amazing that the speaker chose the thirty one of October 591 00:33:44,120 --> 00:33:46,000 Speaker 1: for our deadline, but says we need to get it 592 00:33:46,000 --> 00:33:48,800 Speaker 1: done long before then. At a certain point, do we 593 00:33:48,960 --> 00:33:52,840 Speaker 1: cross the line, Rick Davis, the point of no return? 594 00:33:52,920 --> 00:33:56,920 Speaker 1: I mean, how many more weeks can this really be managed? Well? 595 00:33:56,960 --> 00:33:59,960 Speaker 1: I think, especially on the debt ceiling, you're already at 596 00:34:00,040 --> 00:34:02,040 Speaker 1: the deadline, right, that's for sure. If we have to 597 00:34:02,080 --> 00:34:04,080 Speaker 1: get this done by the middle of October, and it's 598 00:34:04,080 --> 00:34:07,360 Speaker 1: going to take two weeks on reconciliation and and and 599 00:34:07,480 --> 00:34:11,239 Speaker 1: the effort tonight that the majority leader in Senate is 600 00:34:11,280 --> 00:34:13,160 Speaker 1: trying to do to get culture is going to fail. 601 00:34:13,440 --> 00:34:16,479 Speaker 1: Does that sideline the infrastructure to be I think that's 602 00:34:16,520 --> 00:34:20,840 Speaker 1: why the Speaker picked October thirty one, even though it 603 00:34:20,920 --> 00:34:23,560 Speaker 1: is a little odd to be on Halloween. UH is 604 00:34:24,000 --> 00:34:26,760 Speaker 1: to give it a couple of weeks after the hopeful 605 00:34:27,000 --> 00:34:30,959 Speaker 1: successful UH effort to try and raise the debt limit, 606 00:34:31,080 --> 00:34:34,400 Speaker 1: so I can see some effort in trying to sequence 607 00:34:34,440 --> 00:34:38,319 Speaker 1: these things, but then sequence them do one after the other. 608 00:34:38,760 --> 00:34:42,279 Speaker 1: They need a victory on on this debt ceiling so 609 00:34:42,280 --> 00:34:44,920 Speaker 1: that the public can actually focus in on the campaign 610 00:34:44,920 --> 00:34:48,720 Speaker 1: they're trying to wage to pass UH these massive spending bills, 611 00:34:48,800 --> 00:34:51,520 Speaker 1: and so get out of your own way and get 612 00:34:51,560 --> 00:34:54,080 Speaker 1: this dead ceiling done. It felt like a big crescendo 613 00:34:54,160 --> 00:34:57,360 Speaker 1: the end of last week with infrastructure and reconciliation genie 614 00:34:57,360 --> 00:35:01,600 Speaker 1: without anything coming of it. When does this get real again? 615 00:35:01,600 --> 00:35:04,520 Speaker 1: And how much time does Nancy Pelosi actually have? You know, 616 00:35:04,560 --> 00:35:07,040 Speaker 1: I think Nancy Pelosi wanted this vote last week. I 617 00:35:07,080 --> 00:35:09,080 Speaker 1: think Ron Klean and others put it off for her, 618 00:35:09,120 --> 00:35:11,120 Speaker 1: as did the President, and so she's now set this 619 00:35:11,160 --> 00:35:13,879 Speaker 1: new Halloween deadline, so we'll have to wait and see. 620 00:35:13,920 --> 00:35:15,880 Speaker 1: I hope you're going to be in costume, Joe Matthew. 621 00:35:15,920 --> 00:35:18,960 Speaker 1: When that happens, we'll be doing the monster mash as 622 00:35:19,000 --> 00:35:21,960 Speaker 1: that debate goes. And don't give me any ideas. Rick 623 00:35:22,000 --> 00:35:25,000 Speaker 1: and Jeanie always great for the full hour, our classic panel, 624 00:35:25,480 --> 00:35:29,080 Speaker 1: we'll check traffic and markets ahead. I'm Joe Matthew. This 625 00:35:29,239 --> 00:35:29,960 Speaker 1: is Gloomberg.