1 00:00:00,880 --> 00:00:04,320 Speaker 1: You're listening to the Bloomberg Sound on podcast. Catch us 2 00:00:04,400 --> 00:00:07,520 Speaker 1: live weekdays at one Eastern on Bloomberg dot com, the 3 00:00:07,640 --> 00:00:10,760 Speaker 1: iHeartRadio app, and the Bloomberg Business app, or listen on 4 00:00:10,800 --> 00:00:14,040 Speaker 1: demand wherever you get your podcast. Well, how we were 5 00:00:14,120 --> 00:00:18,120 Speaker 1: joined now by Arizona Senator Kirsten Cinema, who's joining us 6 00:00:18,280 --> 00:00:22,440 Speaker 1: for an exclusive conversation from Capitol Hill. Senator, welcome to Bloomberg. 7 00:00:22,480 --> 00:00:24,040 Speaker 1: It's great to see you. We've been looking forward to 8 00:00:24,040 --> 00:00:26,640 Speaker 1: this conversation for some time now, and I want to 9 00:00:26,720 --> 00:00:29,240 Speaker 1: start with the matter at hand, that, of course, is 10 00:00:29,480 --> 00:00:34,200 Speaker 1: the debt ceiling and an i looming apparent deal here 11 00:00:34,960 --> 00:00:36,880 Speaker 1: Kevin McCarthy says it's going to be on the floor 12 00:00:36,920 --> 00:00:40,320 Speaker 1: next week. Then it becomes a question of passage, of course, Senator, 13 00:00:40,520 --> 00:00:43,680 Speaker 1: and it appears he will need some democratic votes. Can 14 00:00:43,720 --> 00:00:46,480 Speaker 1: you tell our listeners and viewers where are your red 15 00:00:46,479 --> 00:00:47,080 Speaker 1: lines on this? 16 00:00:48,920 --> 00:00:51,920 Speaker 2: Well, first one thing to remember is I'm proud to 17 00:00:51,960 --> 00:00:54,880 Speaker 2: be the independent Senate from Arizona, and so I'm happy 18 00:00:54,880 --> 00:00:58,080 Speaker 2: to join you all today. I actually don't tend to 19 00:00:58,120 --> 00:01:01,400 Speaker 2: talk in terms of red lines. In fact, I think 20 00:01:01,440 --> 00:01:04,200 Speaker 2: that when folks come around and start talking about red lines, 21 00:01:04,760 --> 00:01:06,680 Speaker 2: that's how you tend to not get to a deal. 22 00:01:06,959 --> 00:01:08,720 Speaker 2: So what we've got to do is really focus on 23 00:01:08,800 --> 00:01:13,200 Speaker 2: coming together to find areas of shared agreement. The default, 24 00:01:13,240 --> 00:01:15,600 Speaker 2: the possibility of default is a threat to every single 25 00:01:15,600 --> 00:01:17,880 Speaker 2: one of us in this nation, regardless of whether they're 26 00:01:17,880 --> 00:01:21,120 Speaker 2: a Democrat, Republican, or an independent. So our goal here 27 00:01:21,200 --> 00:01:24,360 Speaker 2: has to be about solving the challenge and doing it together. Now, 28 00:01:24,800 --> 00:01:26,480 Speaker 2: if you ask me about what should I think we 29 00:01:26,600 --> 00:01:30,279 Speaker 2: do about the debt limit and default, the bottom line 30 00:01:30,319 --> 00:01:34,039 Speaker 2: is that both political parties are guilty of playing fire 31 00:01:34,640 --> 00:01:36,920 Speaker 2: when it comes to the debt limit. When either party 32 00:01:36,959 --> 00:01:40,320 Speaker 2: is in the minority, they demand requirements from the other 33 00:01:40,400 --> 00:01:43,280 Speaker 2: party in order to get to a deal. And unfortunately 34 00:01:43,480 --> 00:01:46,319 Speaker 2: that's been happening for years, and it's a mistake. It's wrong. 35 00:01:46,680 --> 00:01:48,840 Speaker 2: We should never play with fire when it comes to 36 00:01:48,880 --> 00:01:50,720 Speaker 2: the full faith in credit the United States of America. 37 00:01:51,400 --> 00:01:54,680 Speaker 2: Now here we are Sunday. 38 00:01:54,960 --> 00:01:57,040 Speaker 3: We know that you have had a long history of 39 00:01:57,080 --> 00:02:00,000 Speaker 3: relationships with some of the key players in these negotiations alone, 40 00:02:00,200 --> 00:02:03,400 Speaker 3: working relationship with how Speaker Kevin McCarthy, with Steve Vershette, 41 00:02:03,400 --> 00:02:05,760 Speaker 3: who is negotiating on the side of the White House, 42 00:02:05,800 --> 00:02:07,760 Speaker 3: as well as the O and B director of Shalanda Young. 43 00:02:07,840 --> 00:02:10,360 Speaker 3: So what are you telling them directly? How have you 44 00:02:10,400 --> 00:02:11,959 Speaker 3: been involved in these conversations. 45 00:02:12,480 --> 00:02:14,360 Speaker 2: Well, the good news is that we've now got the 46 00:02:14,440 --> 00:02:16,560 Speaker 2: right people in the room to have the conversation and 47 00:02:16,600 --> 00:02:18,840 Speaker 2: come to an agreement. And I am beginning to feel 48 00:02:18,880 --> 00:02:21,400 Speaker 2: more and more confident each day that such an agreement 49 00:02:21,480 --> 00:02:24,800 Speaker 2: will occur. We've got some really good news here. One 50 00:02:24,960 --> 00:02:27,320 Speaker 2: is that Kevin McCarthy has said over and over he 51 00:02:27,360 --> 00:02:29,880 Speaker 2: doesn't want to have a default. His folks are in 52 00:02:29,919 --> 00:02:33,760 Speaker 2: the room negotiating to prevent a default and solve this challenge. 53 00:02:33,960 --> 00:02:36,680 Speaker 2: Steve Roshette and I have negotiated many a deal together 54 00:02:36,720 --> 00:02:39,359 Speaker 2: in the past several years, and he's a good voice 55 00:02:39,360 --> 00:02:42,640 Speaker 2: for the president. And Shlanda Young. She's the smartest person 56 00:02:42,639 --> 00:02:46,240 Speaker 2: in the building. She knows the budget and appropriations inside out. 57 00:02:46,600 --> 00:02:49,239 Speaker 2: So with those folks at the table, I feel confident 58 00:02:49,320 --> 00:02:51,239 Speaker 2: that they're going to come to an agreement and that 59 00:02:51,360 --> 00:02:53,639 Speaker 2: we'll be able to stave off default and get back 60 00:02:53,680 --> 00:02:55,280 Speaker 2: to the business of governing our country. 61 00:02:55,800 --> 00:02:58,800 Speaker 1: Your confidence is refreshing, Senator. Though there are a lot 62 00:02:58,840 --> 00:03:01,359 Speaker 1: of questions right now about work requirements, this seems to 63 00:03:01,440 --> 00:03:03,600 Speaker 1: be where a lot of the action is in the 64 00:03:03,760 --> 00:03:07,120 Speaker 1: negotiating room here, and I wonder where your line is. 65 00:03:07,200 --> 00:03:10,320 Speaker 1: President Biden says he's open to additional work requirements for 66 00:03:10,360 --> 00:03:14,000 Speaker 1: programs like SNAP, but draws the line at medicaid. Do 67 00:03:14,040 --> 00:03:15,239 Speaker 1: you agree with him? 68 00:03:15,680 --> 00:03:18,080 Speaker 2: It's funny because you keep mentioning the word line. And 69 00:03:18,120 --> 00:03:20,919 Speaker 2: as I mentioned at the beginning of our conversation, when 70 00:03:20,960 --> 00:03:23,160 Speaker 2: folks put up red lines, it makes it harder to 71 00:03:23,200 --> 00:03:26,680 Speaker 2: solve the problem, not easier. The reality is, in our country, 72 00:03:26,720 --> 00:03:30,880 Speaker 2: we've long had modest work requirements for some entitlement programs, 73 00:03:31,320 --> 00:03:35,520 Speaker 2: and continuing those makes relevant sense. The conversation about whether 74 00:03:35,600 --> 00:03:37,640 Speaker 2: or not we'll have fewer or more of those in 75 00:03:37,680 --> 00:03:40,520 Speaker 2: the future is really a discussion that belongs in the 76 00:03:40,560 --> 00:03:43,200 Speaker 2: negotiating room, not on television camera. 77 00:03:43,360 --> 00:03:46,720 Speaker 3: I ultimately, if ultimately that is included in the package, Senator, 78 00:03:46,720 --> 00:03:48,640 Speaker 3: would you still vote yes to that deal. 79 00:03:49,880 --> 00:03:51,520 Speaker 2: I like how you guys keep trying to come back 80 00:03:51,520 --> 00:03:53,560 Speaker 2: to the red line question, and I'll just tell you 81 00:03:53,720 --> 00:03:55,600 Speaker 2: right here and now, I'm not going to answer it, 82 00:03:55,960 --> 00:03:57,960 Speaker 2: but I am happy to talk about how I think 83 00:03:58,040 --> 00:04:01,880 Speaker 2: we can move forward after this sation to prevent a 84 00:04:01,920 --> 00:04:05,200 Speaker 2: future situation like this one. In fact, I just introduced 85 00:04:05,240 --> 00:04:08,600 Speaker 2: a bill with Senator Ernst that would ensure that Congress 86 00:04:08,600 --> 00:04:13,160 Speaker 2: gets accurate, nonpartisan information every year about the true facts 87 00:04:13,160 --> 00:04:15,840 Speaker 2: around the fiscal state of our nation. That way, as 88 00:04:15,880 --> 00:04:19,040 Speaker 2: members of Congress and Senators were all informed about what 89 00:04:19,120 --> 00:04:22,360 Speaker 2: our financial situation is like, and then rather than playing 90 00:04:22,400 --> 00:04:24,839 Speaker 2: politics and playing fire with the full faith in part 91 00:04:24,839 --> 00:04:27,359 Speaker 2: of the United States of America, perhaps we might choose 92 00:04:27,360 --> 00:04:30,839 Speaker 2: to get serious about fiscal discipline and taking care of 93 00:04:30,880 --> 00:04:32,039 Speaker 2: the fiscal health of our nation. 94 00:04:32,839 --> 00:04:35,200 Speaker 1: Senator, you had a long list of questions today for 95 00:04:35,560 --> 00:04:37,440 Speaker 1: the Vice Chair of the Federal Reserve, Michael Barr, and 96 00:04:37,480 --> 00:04:40,840 Speaker 1: a Senate Banking Committee hearing looking into the causes and 97 00:04:40,880 --> 00:04:44,719 Speaker 1: the fallout from the bank collapses that we've witnessed over 98 00:04:44,720 --> 00:04:48,400 Speaker 1: the past couple of months. Here, Among your questions really 99 00:04:48,680 --> 00:04:51,680 Speaker 1: got to authority, oversight, supervision here, and I wonder if 100 00:04:51,760 --> 00:04:54,920 Speaker 1: at this point, following your conversation with Michael Barr today, 101 00:04:55,160 --> 00:04:58,760 Speaker 1: you're satisfied with the Fed exercising its full authority or 102 00:04:58,760 --> 00:05:00,840 Speaker 1: does Congress need to manage date something here. 103 00:05:02,279 --> 00:05:04,520 Speaker 2: Well, it's been clear from the last two times that 104 00:05:04,600 --> 00:05:08,760 Speaker 2: Vice Chair bar has testified in the Banking Committee that 105 00:05:08,960 --> 00:05:12,440 Speaker 2: he's acknowledged two things. One that the agency did have 106 00:05:12,520 --> 00:05:16,760 Speaker 2: sufficient authority to provide oversight and failed to do so appropriately. 107 00:05:17,160 --> 00:05:20,760 Speaker 2: Today he talked about making internal changes around the culture 108 00:05:21,160 --> 00:05:24,200 Speaker 2: of his organization, and as you heard in my questions, 109 00:05:24,200 --> 00:05:27,080 Speaker 2: I've encouraged him to create a detailed plan and report 110 00:05:27,120 --> 00:05:30,240 Speaker 2: it quarterly to Congress so that he's accountable to us 111 00:05:30,279 --> 00:05:33,200 Speaker 2: for actually implementing that plan. But one thing that we 112 00:05:33,320 --> 00:05:37,560 Speaker 2: know is clear the agency, the FED, had the authority 113 00:05:37,880 --> 00:05:41,719 Speaker 2: and chose not to exercise it over SVB and other 114 00:05:41,760 --> 00:05:44,520 Speaker 2: banks that have faced failures, and that is a failure 115 00:05:44,560 --> 00:05:47,840 Speaker 2: on their part. So as you saw today, I've encouraged 116 00:05:47,880 --> 00:05:50,800 Speaker 2: them and tell them that we expect them to actually 117 00:05:50,839 --> 00:05:53,800 Speaker 2: do their job and do it at the speed of business. 118 00:05:54,120 --> 00:05:57,200 Speaker 2: One thing we've learned is that the FED was too 119 00:05:57,320 --> 00:06:01,320 Speaker 2: slow in responding to elements or so of risk. They 120 00:06:01,320 --> 00:06:03,320 Speaker 2: would ask questions of the bank, but didn't hold them 121 00:06:03,360 --> 00:06:06,719 Speaker 2: accountable and didn't do so in real time. That's something 122 00:06:06,720 --> 00:06:09,080 Speaker 2: they need to do is modernize so they can actually 123 00:06:09,080 --> 00:06:11,880 Speaker 2: respond to these threats in real time, just like we 124 00:06:11,960 --> 00:06:15,279 Speaker 2: as consumers respond to the threats or challenges we face 125 00:06:15,360 --> 00:06:16,080 Speaker 2: in real time. 126 00:06:16,920 --> 00:06:19,520 Speaker 3: So Senator, that's something you'd like to see the regulators 127 00:06:19,560 --> 00:06:21,920 Speaker 3: do internally, But is there anything you'd like to see 128 00:06:21,960 --> 00:06:26,120 Speaker 3: Congress do legislatively? Are there any measures bills that you 129 00:06:26,120 --> 00:06:28,360 Speaker 3: would support to address the banking crisis. 130 00:06:29,200 --> 00:06:31,360 Speaker 2: There are a number of pieces of legislation that we've 131 00:06:31,400 --> 00:06:34,920 Speaker 2: introduced in a bipartisan way, including legislation that would claw 132 00:06:35,000 --> 00:06:39,640 Speaker 2: back the executive bonuses and other inappropriately taken income on 133 00:06:39,720 --> 00:06:42,840 Speaker 2: the part of these executives. But in terms of regulation, 134 00:06:43,360 --> 00:06:46,839 Speaker 2: let's be clear, the FED and FDIC have said they 135 00:06:46,960 --> 00:06:51,080 Speaker 2: do have the regulatory powers to prevent further bank failures 136 00:06:51,160 --> 00:06:54,760 Speaker 2: and to hold banks accountable. It's their job to do it. 137 00:06:54,760 --> 00:06:57,520 Speaker 2: It's Congress's job to hold them accountable and ensure they 138 00:06:57,520 --> 00:06:57,840 Speaker 2: do it. 139 00:06:59,440 --> 00:07:01,719 Speaker 1: Senator can Marry Lake has been in town this week. 140 00:07:01,720 --> 00:07:04,640 Speaker 1: She's been her second visit here this week this year. 141 00:07:04,680 --> 00:07:07,880 Speaker 1: I should stay talking with the nrsc Reuben Diego has 142 00:07:07,920 --> 00:07:10,360 Speaker 1: been talking about you a lot in the media, and 143 00:07:10,400 --> 00:07:13,000 Speaker 1: I wonder if you can tell us what your timeline 144 00:07:13,040 --> 00:07:15,400 Speaker 1: is for making a decision on a potential run for reelection. 145 00:07:16,360 --> 00:07:18,200 Speaker 2: I don't have anything to offer to you on that point. 146 00:07:18,280 --> 00:07:21,240 Speaker 2: As you can tell I am one hundred percent invested 147 00:07:21,600 --> 00:07:24,120 Speaker 2: and focused on doing the work for Arizona in the 148 00:07:24,200 --> 00:07:26,880 Speaker 2: United States Senate right now, as I say, politics can 149 00:07:26,920 --> 00:07:29,000 Speaker 2: wait to another day. But right now, we have so 150 00:07:29,080 --> 00:07:31,760 Speaker 2: many challenges on our plate. Arizonas can count on me 151 00:07:31,800 --> 00:07:34,360 Speaker 2: to stay one hundred percent focused on meeting those challenges. 152 00:07:35,080 --> 00:07:37,120 Speaker 3: But as you do your work in the Senate and 153 00:07:37,240 --> 00:07:40,240 Speaker 3: look towards your future, can you rule out caucusing with 154 00:07:40,280 --> 00:07:41,280 Speaker 3: the Republican Party. 155 00:07:42,640 --> 00:07:45,360 Speaker 2: Well, I've asked, been asked, and answered that question numerous times, 156 00:07:45,360 --> 00:07:46,720 Speaker 2: and as I said just about a week and a 157 00:07:46,760 --> 00:07:49,760 Speaker 2: half ago, you don't leave one broken party to join another. 158 00:07:50,440 --> 00:07:54,680 Speaker 2: Arizonans and Americans across this country are hungry for leaders 159 00:07:54,680 --> 00:07:57,440 Speaker 2: who are not invested in one party or the other, 160 00:07:57,760 --> 00:07:59,840 Speaker 2: and who don't march to the drum when they're told 161 00:07:59,840 --> 00:08:03,240 Speaker 2: to do something, and who importantly are willing to get 162 00:08:03,280 --> 00:08:05,960 Speaker 2: out of those partisan boxes and solve the challenges we 163 00:08:06,040 --> 00:08:09,360 Speaker 2: face in our country. I've demonstrated to Arizonans over the 164 00:08:09,440 --> 00:08:11,920 Speaker 2: last twenty years of service that I can be that 165 00:08:11,960 --> 00:08:14,160 Speaker 2: person and have been that person, and I know they 166 00:08:14,160 --> 00:08:16,800 Speaker 2: can count on me to continue doing that work. So 167 00:08:17,000 --> 00:08:18,920 Speaker 2: folks can count on me to be the same independent 168 00:08:19,000 --> 00:08:20,000 Speaker 2: voice I've always been. 169 00:08:21,360 --> 00:08:24,320 Speaker 1: I have to ask you about an important issue for 170 00:08:24,440 --> 00:08:26,240 Speaker 1: your state, and I know it's something that you take 171 00:08:26,360 --> 00:08:29,920 Speaker 1: very personally, Senator, and that's what's happening at our southern border. 172 00:08:30,040 --> 00:08:33,520 Speaker 1: You're up with a bipartisan bill to extend Title forty 173 00:08:33,559 --> 00:08:36,520 Speaker 1: two that was just rescinded. Are you getting support in 174 00:08:36,600 --> 00:08:37,680 Speaker 1: that effort in the Senate? 175 00:08:38,559 --> 00:08:40,520 Speaker 2: Well, I'm so glad you've asked about this because it's 176 00:08:40,520 --> 00:08:43,240 Speaker 2: the number one issue on Arizona's mind right now. When 177 00:08:43,280 --> 00:08:46,960 Speaker 2: the administration ended Title forty two without an appropriate plan 178 00:08:47,040 --> 00:08:50,640 Speaker 2: in place, once again the burden falls on the shoulders 179 00:08:50,640 --> 00:08:54,040 Speaker 2: of Arizona's border communities, and of course this is a 180 00:08:54,360 --> 00:08:58,800 Speaker 2: growing humanitarian crisis for the migrants themselves. So Senator Tillis 181 00:08:58,800 --> 00:09:01,440 Speaker 2: and I have introduced a bill to extend the elements 182 00:09:01,440 --> 00:09:04,120 Speaker 2: of Title forty two so that the administration can do 183 00:09:04,160 --> 00:09:06,240 Speaker 2: what it should have done over the last two years, 184 00:09:06,480 --> 00:09:10,120 Speaker 2: which is prepare for the end of this program. We 185 00:09:10,200 --> 00:09:13,760 Speaker 2: are growing in support and have gathered six co sponsors 186 00:09:13,800 --> 00:09:17,240 Speaker 2: of both political parties because people all across the country 187 00:09:17,400 --> 00:09:20,520 Speaker 2: are seeing what's happening in states like Arizona and Texas. 188 00:09:20,840 --> 00:09:23,679 Speaker 2: They see migrants coming to their own states in the interior, 189 00:09:24,000 --> 00:09:27,000 Speaker 2: and they know that this system is broken. It's time 190 00:09:27,080 --> 00:09:31,400 Speaker 2: for us to give more opportunity for the administration to 191 00:09:31,480 --> 00:09:34,359 Speaker 2: prepare for the end of Title forty two. In the meantime, 192 00:09:34,679 --> 00:09:36,800 Speaker 2: Senator Tillis and I are continuing to work on our 193 00:09:36,840 --> 00:09:41,040 Speaker 2: bipartisan framework in a bi cameraal way to actually address 194 00:09:41,120 --> 00:09:44,840 Speaker 2: the deeper causes that are creating this problem, so secure 195 00:09:44,960 --> 00:09:46,640 Speaker 2: our order solving. 196 00:09:46,720 --> 00:09:51,800 Speaker 3: I'm glad you mentioned by some potential cameras. 197 00:09:50,840 --> 00:09:54,040 Speaker 2: And continuing to work to solve this in a bipartisan 198 00:09:54,080 --> 00:09:55,120 Speaker 2: and by camera way. 199 00:09:55,679 --> 00:09:59,000 Speaker 3: On the subject of being by camel. Of course, ahead 200 00:09:59,000 --> 00:10:01,240 Speaker 3: of the end of Title for two, we did see 201 00:10:01,280 --> 00:10:04,560 Speaker 3: an immigration measure passing in the House. They called it 202 00:10:04,600 --> 00:10:06,720 Speaker 3: the Secured the Border Act. Are there are parts of 203 00:10:06,760 --> 00:10:08,800 Speaker 3: that you could get on board with? Where is the 204 00:10:08,840 --> 00:10:11,360 Speaker 3: opportunity here for a compromise. 205 00:10:12,320 --> 00:10:15,480 Speaker 2: Well, it was an important step forward that House Republicans 206 00:10:15,480 --> 00:10:18,200 Speaker 2: passed a border security package. There are parts of that 207 00:10:18,240 --> 00:10:20,440 Speaker 2: package that are very useful, in some parts that aren't 208 00:10:20,520 --> 00:10:23,640 Speaker 2: very practical or helpful. But what's important is that there 209 00:10:23,679 --> 00:10:27,120 Speaker 2: was movement. We haven't seen movement in a bi cameraal 210 00:10:27,160 --> 00:10:30,800 Speaker 2: way in over twenty years in Congress on immigration, so 211 00:10:30,880 --> 00:10:33,280 Speaker 2: this was an important first step. Now it'll be no 212 00:10:33,360 --> 00:10:35,080 Speaker 2: surprise when I tell you that I've been working with 213 00:10:35,120 --> 00:10:37,280 Speaker 2: my colleagues in the House for months as they were 214 00:10:37,320 --> 00:10:41,079 Speaker 2: developing this legislation, and we're continuing to work together as 215 00:10:41,120 --> 00:10:44,880 Speaker 2: the Senate will create a bipartisan package to overlay and 216 00:10:45,000 --> 00:10:48,400 Speaker 2: make changes to their piece of legislation and to add 217 00:10:48,440 --> 00:10:52,040 Speaker 2: in elements that are important like asylum reform, visa issues, 218 00:10:52,120 --> 00:10:54,640 Speaker 2: and our dreamers. So we have work to do, but 219 00:10:54,800 --> 00:10:58,520 Speaker 2: I'm heartened by the fact that they're moving forward in. 220 00:10:58,480 --> 00:11:01,240 Speaker 1: Our remaining moments here sent where President Biden has taken 221 00:11:01,280 --> 00:11:04,160 Speaker 1: fire from both sides of the aisle on this issue 222 00:11:04,160 --> 00:11:06,640 Speaker 1: of the border. What does he not understand about this? 223 00:11:07,880 --> 00:11:10,560 Speaker 2: Well, I invite President Biden and Vice President Harris to 224 00:11:10,559 --> 00:11:13,800 Speaker 2: come actually visit the Arizona Mexico border. If they were 225 00:11:13,840 --> 00:11:15,920 Speaker 2: to do so, like many of my colleagues have joined 226 00:11:15,920 --> 00:11:19,840 Speaker 2: me in recent months, they'll see the devastation not just 227 00:11:19,920 --> 00:11:22,880 Speaker 2: to our border communities, but to the migrants and those 228 00:11:22,880 --> 00:11:27,040 Speaker 2: families themselves. The reality is the system is broken, and 229 00:11:27,080 --> 00:11:29,559 Speaker 2: we need both enforcement on the part of the administration 230 00:11:29,880 --> 00:11:33,400 Speaker 2: and changes on the part of Congress to fix the 231 00:11:33,480 --> 00:11:36,760 Speaker 2: law and solve this problem once and for all. 232 00:11:36,840 --> 00:11:38,600 Speaker 3: All Right, Senator, we have to leave it there, but 233 00:11:38,640 --> 00:11:40,720 Speaker 3: thank you so much for joining us here on Bloomberg. 234 00:11:40,760 --> 00:11:43,920 Speaker 3: Please come back. That is the independent senitor from Arizona, 235 00:11:44,080 --> 00:11:44,920 Speaker 3: Heirston Senta. 236 00:11:50,160 --> 00:11:52,439 Speaker 1: Thanks for listening to The Sound On podcast. Make sure 237 00:11:52,480 --> 00:11:55,319 Speaker 1: to subscribe if you haven't already, at Apple, Spotify, and 238 00:11:55,400 --> 00:11:57,960 Speaker 1: anywhere else you get your podcasts, and you can find 239 00:11:58,040 --> 00:12:00,760 Speaker 1: us live every weekday from Washington the See at one 240 00:12:00,800 --> 00:12:04,559 Speaker 1: p m. Eastern Time at Bloomberg dot com