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Speaker 1: My name is Kevin Cerelia. I'm the chief Washington correspondent

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Speaker 1: for Bloomberg Television and for Bloomberg Radio. The governor outlining

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Speaker 1: additional measures and a vaccination rollout plan for the state

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Speaker 1: of Maryland, especially now as vaccines enter into the marketplace

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Speaker 1: for first responders, frontline workers, UH, as well as senior

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Speaker 1: citizens in nursing homes. And we of course will continue

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Speaker 1: monitoring that story, UH to to break down all of

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Speaker 1: the breaking news that has gone on just within today

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Speaker 1: on the vaccination front. I want to bring into this

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Speaker 1: conversation Riley Griffin, Bloomberg Health reporter UH and Riley, you know,

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Speaker 1: I gotta be candid here. The MADERNA says that the

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Speaker 1: United States is going to purchase one hundred million more

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Speaker 1: vaccine doses. So much optimism as it relates to government

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Speaker 1: officials like Larry Hogan, Governor Hogan, UH and and even

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Speaker 1: just frontline workers now being able to get vaccinated. What

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Speaker 1: do we know about the timetable for when folks are

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Speaker 1: really going to be getting the vaccines and Ernst, it's

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Speaker 1: a great question. Well, well, to hearken back first to

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Speaker 1: last week. It was a momentous one in the race

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Speaker 1: to develop a vaccine because Fiser and its German partner

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Speaker 1: by On Tech were the first to see their experimental

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Speaker 1: shots authorized by regulators on both sides of the Atlantic.

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Speaker 1: Now with Maderna, we haven't yet seen that emergency use authorization,

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Speaker 1: but that could come within the week. What we saw

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Speaker 1: today was f d A staff released documents ultimately confirming

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Speaker 1: that they see the vaccine as safe and effective, which

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Speaker 1: will pave the way forward to what we call an

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Speaker 1: advisory committee hearing that is taking place this coming Thursday,

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Speaker 1: and during that meeting we'll see independent advisors turned to

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Speaker 1: u S regulators and give a recommendation whether or not

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Speaker 1: to move forward with an emergency use authorization. Thereafter, we

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Speaker 1: could see an eu A granted within days for Fiser.

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Speaker 1: That happen in last Friday, a momentous moment, and what

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Speaker 1: that meant was within this very week, we've seen two

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Speaker 1: point nine million doses. By the end of the week,

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Speaker 1: we'll see that amount go out to US hospitals, um

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Speaker 1: and nursing homes and other long term care facilities. So

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Speaker 1: this is happening in real time. Day by day, we

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Speaker 1: expect that twenty million people could get doses immunized in

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Speaker 1: the month of December. But remember these are two dose

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Speaker 1: vaccine regiments, so those same people will have to get

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Speaker 1: a second dose coming in January. Thirty million people will

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Speaker 1: get initial doses in January. By the end of March,

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Speaker 1: a total of a hundred million individuals will have had

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Speaker 1: at least one dose. That's the initial roll out. These

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Speaker 1: are two dose regiments, and the broader public will have

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Speaker 1: to wait till late spring early summer to get immunized.

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Speaker 1: Riley Griffin is with US Bloomberg Health Reporter just doing

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Speaker 1: such great reporting in terms of tracking virtually every single

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Speaker 1: development for all of the major big pharmaceutical companies and

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Speaker 1: where the vaccines live. I just wanna hearken back just

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Speaker 1: briefly to Governor Larry Hogan. He has reactivated the Maryland

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Speaker 1: National Guard to provide logistical support for COVID nineteen vaccine distribution. Again,

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Speaker 1: Governor Larry Hogan essentials Republican uh speaking uh just within

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Speaker 1: the last couple of minutes, and he says, quote today

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Speaker 1: I am reactivating the Maryland National Guard. The Guard will

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Speaker 1: be providing logistical support end quote for the COVID nineteen

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Speaker 1: UH vaccine. So Riley I guess let's talk about it

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Speaker 1: in phases for for for the average person trying to

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Speaker 1: understand when they will be able to get the vaccine.

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Speaker 1: So right now you've got Governor Hogan and other governors

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Speaker 1: deploying the vaccine for frontline workers and whatnot through uh

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Speaker 1: people like the National Guard. When do we enter in

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Speaker 1: the phase where you can go to your local drug store,

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Speaker 1: for example, like you would for a flu shot and

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Speaker 1: get the vaccine. Does that make sense? Yeah, no, it's

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Speaker 1: a great question. I think the answer is late spring,

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Speaker 1: early summer for the general public. Um, we operation warp

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Speaker 1: speed at the U S effort between the Department of

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Speaker 1: Health and Human Services and the Department of Defense to

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Speaker 1: distribute these at the state by state level. States, of course,

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Speaker 1: are actually ultimately responsible for allocation, but the CDC, the

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Speaker 1: Centers for Disease Control and Prevention, they're the ones who

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Speaker 1: give recommendations on who this goes to first, and we

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Speaker 1: know that medical workers are going to be first, as

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Speaker 1: with long term care facility residents. Then you'll have more

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Speaker 1: front line workers. You know, right now this isn't necessarily

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Speaker 1: going to the postman, the airline captains and so forth,

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Speaker 1: but that could be next. We're actually going to get

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Speaker 1: a recommendation from the CDC on who comes after this

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Speaker 1: first wave of doses this very weekend, so let's keep

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Speaker 1: listening for that guidance. So this weekend, this is important.

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Speaker 1: I want to unpack this because there's been so many

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Speaker 1: different threads that have emerged in the conversation about the vaccine.

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Speaker 1: One of them is whether or not teachers and teachers

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Speaker 1: unions will back getting vaccines. What do we know about

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Speaker 1: the union issue, Riley Griffin, Bloomberg Health Reporter, in terms

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Speaker 1: of vaccinations for industries that are unionized. That's a great

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Speaker 1: question and not one that I've been following incredibly intimately.

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Speaker 1: But I imagine that this will come up in the

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Speaker 1: CDC needing this coming weekend. And this is happening in

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Speaker 1: real time on a daily basis. And one thing to

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Speaker 1: note is that the questions have to be revisited again

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Speaker 1: for each and every vaccine because of their very different qualities.

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Speaker 1: You know, there are more than two hundred vaccines in development,

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Speaker 1: more than fifty of which are in human trials, and

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Speaker 1: we're only just seeing the first wave of vaccines reach

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Speaker 1: people right now. And to be clear, they're not on

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Speaker 1: the market. They're not purchasable by private entities. So when

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Speaker 1: you say, I want to unpack this, when you say

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Speaker 1: private entities, because this is important, When you say private entities,

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Speaker 1: you mean the local drug stores, right, the CVS is

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Speaker 1: the walmarts and whatnot. They can be allocated there. But

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Speaker 1: for example, a private company could not purchase doses because

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Speaker 1: these these vaccines have not gotten a full approval. They've

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Speaker 1: gotten an emergency use authorization that allows the government to

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Speaker 1: help strategize and allocate doses that have been purchased by

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Speaker 1: the government itself. So Operation warp Speed has bought doses

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Speaker 1: from Visor, they have secured supply from Maderna. These are

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Speaker 1: not on the market products that any any given person

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Speaker 1: or company or union can negotiate supply for. It has

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Speaker 1: to go through government entities and thereby through the States.

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Speaker 1: And so if the States determined that teachers are among

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Speaker 1: the next wave, that will be the right course. But

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Speaker 1: it's not something that's necessarily just up to the unions

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Speaker 1: from the outset. This is so fascinating. I mean, folks,

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Speaker 1: Friley Griffin really just just translateing for everyone. What is

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Speaker 1: how this process is playing out? So right now? On Annapolis.

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Speaker 1: Governor Larry Hogan, a Republican from the state of Maryland.

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Speaker 1: The governor there uh giving a press conference saying that

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Speaker 1: he is activating the National Guard to help distribute the vaccine.

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Speaker 1: What Riley just explained to us is that as these

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Speaker 1: vaccines have become authorized through the government through the Emergency

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Speaker 1: Uses Usage Authorization, the government purchases it from Faizer from Maderna,

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Speaker 1: and then they deploy the vaccines to the frontline workers,

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Speaker 1: the hospital personnel and whatnot. So we're still a couple

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Speaker 1: of months away from going through the process of a

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Speaker 1: vaccine being administered like you would for the the annual

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Speaker 1: flu shot. But what prep work is being done right

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Speaker 1: now in the private sector supply chain with the probably

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Speaker 1: public private partnership Riley Griffin for making sure that the

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Speaker 1: drug store on the street corner is prepared to administer

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Speaker 1: what likely will be a mass, mass demand to get

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Speaker 1: that vaccine quickly, efficiently, and immediately in a couple of months.

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Speaker 1: To put it in the most basic terms, you're seeing

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Speaker 1: rehearsals play out at the state by state level. You

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Speaker 1: are seeing locales practice with flu shops and other kinds

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Speaker 1: of vaccines. What it would look like to have such

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Speaker 1: a mass vaccination campaign taking place in their facilities, and

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Speaker 1: the government is aiding that. Of course, the d D

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Speaker 1: is bringing the logistical support to Operation Warp Speed. They

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Speaker 1: are buying glass, vial syringes, freezers, um dry ice, all

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Speaker 1: the tools that are needed to maintain the vaccine at

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Speaker 1: appropriate temperatures so that it does not spoil. This is

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Speaker 1: incredibly important, and the drugmakers are right there with them. Fiser,

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Speaker 1: for example, has a control center where it tracks the

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Speaker 1: movements of its vaccines from point A to point Z

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Speaker 1: and knows the temperature of its coolers along the way.

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Speaker 1: So so many stakeholders are involved in this process, both

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Speaker 1: in the public and private sector. It truly is an

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Speaker 1: amazing thing to watch unfold, and this week is having

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Speaker 1: the chance to do that in real time, because only

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Speaker 1: yesterday did we see from New York to North Carolina

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Speaker 1: some of the first get those jobs in hospitals, whether

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Speaker 1: at Duke University or here in various facilities in New York.

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Speaker 1: It's just quite an incredible speed. But we do have

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Speaker 1: to make sure that these same people go in for

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Speaker 1: their second doth I worry that that's not been communicated

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Speaker 1: to the public clearly enough, you are not granted full

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Speaker 1: immunity until you have that second. Is that for every

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Speaker 1: vaccine or is that just for one of the vaccines.

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Speaker 1: That is for Fiser and BioNTech vaccine, that's also for

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Speaker 1: Maderna's vaccine. It's a one two shot. It's a one

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Speaker 1: to punch, all right. So we're gonna start saying that,

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Speaker 1: and you've got to go back once you get it.

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Speaker 1: You gotta go back to get the immunity. You know,

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Speaker 1: you can't cut corners. That's one thing we've all learned

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Speaker 1: in You gotta show up, you gotta grind it out,

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Speaker 1: and you gotta get the one to punch vaccination front.

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Speaker 1: Riley Griffin, Bloomberg Health Reporter. You know, yesterday I had

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Speaker 1: the amazing opportunity to have another interview with David Rubinstein,

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Speaker 1: who are executive producer Christine Barada Books for Us, and

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Speaker 1: he really, I thought, drew a comparison back to how

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Speaker 1: we're all living through this monumental moment and in the

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Speaker 1: forty five seconds that I have left with you, what

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Speaker 1: do you think the logistical legacy will be decades from now?

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Speaker 1: He compared it to the Manhattan Project. But this is

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Speaker 1: much more on a public service scale from the vaccination

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Speaker 1: distribution effort that we're seeing unfold in real time. I

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Speaker 1: hope that there's something to learn from Operation Warp Speed,

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Speaker 1: which is a means of uniting different heures within the

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Speaker 1: US government but also cutting out the oureucracy. I mean,

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Speaker 1: they've managed to cut time in safe and effective ways

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Speaker 1: while still ushering these things market. Nobody thought that we'd

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Speaker 1: be able to see within a year's time of vaccine

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Speaker 1: off less than a year, less than a year, Riley Griffin,

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Speaker 1: excellent reporting. I hope you'll come back and join us again,

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Speaker 1: Bloomberg Health Reporter. Much more coming up next. I'm Kevin Cirelli,

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Speaker 1: Chief Washington corresponded for Bloomberg TV and Radio. You're listening

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Speaker 1: to Bloomberg N one Live from Our Nation, All Talk

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Speaker 1: here in Washington, d C. Turns to President elect Joe

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Speaker 1: Biden's administration. Historically speaking, the markets that performed better when

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Speaker 1: there is divided government. The biggest pressure for physical stimulus

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Speaker 1: is an up taking cases. Bloomberg Sound Off, the insiders,

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Speaker 1: the influencers, the insiders. I didn't has thomised again and

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Speaker 1: again he will unite the country's state government's control elections

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Speaker 1: US in the constitution. I think that we can expect

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Speaker 1: a smooth, thoughtful, methodical transition. This is Bloomberg Sound On

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Speaker 1: with Kevin Shirlette on Bloomberg D two. Operation Warp Speed

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Speaker 1: now delivering vaccines all across the country. How is it

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Speaker 1: playing out and influencing fiscal stimulus talks. We'll check in

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Speaker 1: with the co chairman of the Problem Solvers Caucus. Scott

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Speaker 1: gottheimer in the next hour plus. Meanwhile, Leader McConnell vows

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Speaker 1: to stay in session until they get a deal. We

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Speaker 1: have a lot to get through. And Edgerton kicks things

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Speaker 1: off day two of the vaccine being administered in the

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Speaker 1: United States with the aid of the government, and just

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Speaker 1: within the last half hour, Governor Larry Hogan, a centrist

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Speaker 1: Republican from Maryland, announcing that he is now bringing in

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Speaker 1: the National Guard to help administer some of the first

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Speaker 1: vaccines to frontline workers. That is the question of the

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Speaker 1: day for all policymakers across the country. And President elect

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Speaker 1: Joe Biden, speaking to reporters at an airport in Delaware

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Speaker 1: on Tuesday earlier today, said, well, he is going to

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Speaker 1: be listening to Dr Fauci about when he himself will

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Speaker 1: get the vaccine. Dr Flappy recommends I got the vaccine

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Speaker 1: sooner than later. I wanted to make sure we do

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Speaker 1: apply the numbers and we throw it. But what I

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Speaker 1: do a your laft notice and we'll do it public.

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Speaker 1: The President elect traveling to Atlanta, Georgia for a campaign

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Speaker 1: rally to try to win back a majority control of

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Speaker 1: But meanwhile, the pressure mounting on lawmakers in Congress, and

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Speaker 1: we've got sound on the stimulus as sent a majority

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Speaker 1: Leader Mitch McConnell vow to keep Congress in session until

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Speaker 1: they get a deal. Here's what he had to say earlier.

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Speaker 1: We all know the new admit allustration is going to

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Speaker 1: be asking for you on another package. It's not like

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Speaker 1: we won't have another opportunity to debate the merits, a

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Speaker 1: liability reform, and of state and local government in the

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Speaker 1: very near future. Senate Democratic Leader Chuck Schumer said he

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Speaker 1: wants more funding for vaccine distribution, much more than the

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Speaker 1: six billion dollars allocated in a bipartisan COVID nineteen relief package,

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Speaker 1: but he held off on commenting further ahead of a

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Speaker 1: well as House Minority Leader Kevin McCarthy and Secretary Manution

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Speaker 1: this hour and Edgerton covers all things for us as

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Speaker 1: major headlines crossing the terminal in the next hour or

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Speaker 1: so about what happened in that leadership meeting. What do

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Speaker 1: you expect will happen. Yeah, this really is kind of

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Speaker 1: the dour die moment if it is going to happen

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Speaker 1: this week because chambers have to pass this legislation and

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Speaker 1: they're trying to do it before government funding runs out

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Speaker 1: at midnight on Friday. So what we're looking for is

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Speaker 1: any signal from Democrats that they're willing to go ahead

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Speaker 1: with a measure that doesn't include extra funds for state

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Speaker 1: and local governments. That has been the proposal from from

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Speaker 1: Senate Majority Leader Mitch McConnell that they kind of leave

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Speaker 1: controversial things to the side, and with a bipartisan group

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Speaker 1: of senators yesterday kind of endorsing that strategy. We're going

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Speaker 1: to be looking for Democratic leaders to go ahead with that,

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Speaker 1: specifically this problem Solvers Caucus proposal, which essentially said we're

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Speaker 1: going to vote one lump without the state and local

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Speaker 1: aid and will pass, and we'll try to pass a

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Speaker 1: second lump on the state and local aid. Is that

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Speaker 1: Is that strategy going to work or no? Yeah, you know,

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Speaker 1: there were there were two controversial provisions that have been

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Speaker 1: holding up negotiations for months since, the State and local

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Speaker 1: can put aside those two things, you know, the argument

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Speaker 1: broad consensus. Now, we'll kind of see what the final

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Speaker 1: try to find some middle grounds. For example, like you mentioned,

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Speaker 1: Schumer said that he wanted more funds for a vaccine distribution. Well,

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Speaker 1: most of those funds will go to state in local government,

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Speaker 1: so they have a way of saying, well, we didn't

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Speaker 1: get the hundred and sixty billion dollars we wanted, but

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Speaker 1: the local governments are going to have more resources to

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Speaker 1: Do you think if that will work for Republicans who

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Speaker 1: are bristling at the notion of spending so much money

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Speaker 1: and deficit hawks trying to seize on the cusp really

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Speaker 1: of seizing control of the Republican Party and making this

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Speaker 1: more a much more tea party esque argument akin to

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Speaker 1: two thousand and nine. I think it will because most

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Speaker 1: lawmakers are getting a lot of pressure from back home

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Speaker 1: to go ahead and pass some kind of coronavirus relief

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Speaker 1: so they can say, you know, we held off the

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Speaker 1: two point two trillion dollars at Democrats said that they

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Speaker 1: wanted before the election. You know, this looks like a

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Speaker 1: good deal for deficit hawks, even though you know, to

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Speaker 1: put things in perspective, this is way more than the

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Speaker 1: relief package after the two financial crisis. Believe that was

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Speaker 1: sixty nine billion dollars. So to say that, you know,

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Speaker 1: roughly I think seven hundred and forty eight billion dollars

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Speaker 1: is what we were coming at. To say that that's

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Speaker 1: the pair down package. That's still a lot of fun

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Speaker 1: to prop up the U. S economy at this point.

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Speaker 1: So as this moves forward, if there is not fiscal stimulus,

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Speaker 1: or even if there is fiscal stimulus, What are the

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Speaker 1: chances that Senate Majority Leader Mitch McConnell is going to

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Speaker 1: be willing to negotiate and not just on a we

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Speaker 1: we So I want to correct myself in advance. It's

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Speaker 1: this isn't a McConnell negotiation. He's the leader of the

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Speaker 1: entire publican party at the negotiating table representing them. What

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Speaker 1: are the chances that that ideology is going to be

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Speaker 1: willing to spend more of a down payment for President

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Speaker 1: Electual Biden come early February of next year. Yeah, that's

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Speaker 1: a really good point, Kevin, because you know how Siger

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Speaker 1: Nancy Pelosi has even switched her rhetoric learning this deal,

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Speaker 1: is saying, this isn't a simulus package, if this is

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Speaker 1: a release package, this is just a bridge to get

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Speaker 1: us through to the Biden administration. And that's her way

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Speaker 1: of explaining why Democrats have come down from that two

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Speaker 1: point two chillion dollar figure. So, you know, there's definitely

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Speaker 1: going to come back for another bide at the Apple

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Speaker 1: when Biden is president. But what that looks like, you know,

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Speaker 1: we'll have to see how it's package, whether it's presented

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Speaker 1: as kind of like you a big infrastructure package. You

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Speaker 1: can get the economy going again, can you know, build

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Speaker 1: back better, as Biden like to say, and create green jobs.

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Speaker 1: You know, that's gonna be kind of a more ambitious

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Speaker 1: proposal and a more uh, kind of a tougher legislative hall.

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Speaker 1: Right now, it's really just kind of crisis assistant, you know,

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Speaker 1: making sure that these measures that people are counting on

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Speaker 1: to pay rent to you know, not have this declared bankruptcy,

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Speaker 1: to see their families to um, you know, put off

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Speaker 1: paying debts that they can't that they can't meet this month,

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Speaker 1: that those measures are taking care of by it into

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Speaker 1: the year al right, and we will have careful analysis

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Speaker 1: of again that meeting that is going underway right now

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Speaker 1: between Leadership and Secretary Manution on Capitol Hill. Uh. And

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Speaker 1: we'll check in with Congressman Josh Gottheimer, a Democrat from

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Speaker 1: New Jersey, in the next hour. Co chairman of course

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Speaker 1: of the Problem Solvers Caucus. I want to pivot now

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Speaker 1: to the other big story today, and that is uh,

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Speaker 1: Joe Biden and the electoral College win. We have sound

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Speaker 1: from Senate Jarry Leader Mitch McConnell on UH, President elect

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Speaker 1: Biden's win of the U S election from the electoral

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Speaker 1: College areas. As of this morning, our country has officially

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Speaker 1: a President eluct and President elect or. Today, I want

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Speaker 1: to congratulate President of LEUCT Joe Biden. The President elect

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Speaker 1: is no stranger to the Senate. He's devoted himself to

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Speaker 1: public service for many years at the White House. Kaylee

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Speaker 1: mcinaney also weighing in on the continuation of litigation. The

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Speaker 1: President is still involved in ongoing litigation related to the election.

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Speaker 1: Yesterday's vote was one step in the constitutional process, so

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Speaker 1: I will leave that to him and refer you to

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Speaker 1: the campaign for more on that litigation. I thought, I

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Speaker 1: thought our colleague Tom Keane Bloomberg Surveillance put it really

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Speaker 1: well in the last minute that I have left with

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Speaker 1: you and Edgerton that the Attorney General William Barr story

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Speaker 1: has now just become a side show. But what do

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Speaker 1: you think the legacy will be of Kaylee mcinaney's comments

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Speaker 1: today about the electoral college win as the litigation, she

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Speaker 1: says it's continuing. Yeah, I think that's a good question

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Speaker 1: for all Republicans and all of the President's allies. At

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Speaker 1: this point, they were kind of seeing, you know, a

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Speaker 1: scale of lines of where Republicans are willing to stop

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Speaker 1: in their support of the president. He was some continuing

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Speaker 1: to support his efforts to overturn the results of the election,

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Speaker 1: some kind of drawing the line of Electoral College saying,

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Speaker 1: you know, now this constitutional process is playing out, we

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Speaker 1: can't really pretend that there's an avenue for the president

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Speaker 1: any longer. So we saw where Mitch McConnell came down

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Speaker 1: on that today and many other senior Republicans that kind

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Speaker 1: of joined him and recognizing Biden as the legitimate winner

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Speaker 1: of the election at this point, Anna Edgerton, Limbert Politics Editor,

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Speaker 1: I would be remiss if I didn't give a shout out,

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Speaker 1: a sound on shout out to Cora, baby Cora, who

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Speaker 1: I think I've heard she's but she's she can come

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Speaker 1: on this program anytime she wants, Anna Edgerton, Oh, I

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Speaker 1: appreciate that. Cora, of course is her beautiful baby girl.

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Speaker 1: And we send all of our congratulations to our colleague

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Speaker 1: and Edgerton Limbert Politics editor. Uh. And we will definitely

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Speaker 1: be catching up with her in the weeks ahead. Much

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Speaker 1: more coming up next, we checking with Camera christ on

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Speaker 1: the markets. I'm Kevin s really you're listening to Bloomberg.

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Speaker 1: This is Bloomberg Sound On with Kevin Surreley on Bloomberg

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Speaker 1: and one oh five point seven f m HD two.

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Speaker 1: I'm Kevin Sireli, Chief Washington correspondent for Bloomberg Television and

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Speaker 1: from Bloomberg Radio. Tomorrow, Senator Bob Casey, Democrat from Pennsylvania,

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Speaker 1: calls in, let's get a check on what happened in

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Speaker 1: the markets today. US stocks halted a four day losing

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Speaker 1: streak as Congress moved toward a federal spending package that

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Speaker 1: would boost the economy. Treasuries retreated. The SMP five hundred

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Speaker 1: rebounded from its longest slide since September. Senate Majority Leader

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Speaker 1: Mitch McConnell said he will keep lawmakers in Washington until

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Speaker 1: a deal gets done. I do want to bring some

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Speaker 1: reporting into this that Leader McConnell, Speaker Pelosi, Secretary Manuition

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Speaker 1: scheduled to meet this hour along with House Minority Leader

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Speaker 1: Kevin McCarthy on Capitol Hill to continue discussing the state

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Speaker 1: of fiscal stimulus. Will have much more coming up with

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Speaker 1: Nadem Elshami, who was the former chief of staff to

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Speaker 1: how to Speaker Pelosi, he joins me all next hour,

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Speaker 1: as does Boyd Mathison, former chief of staff for Senator

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Speaker 1: Mike Lee Cameron Crisis with us Cameron is a Bloomberg

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Speaker 1: News macro economic strategist. Cameron, the news coming from Washington,

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Speaker 1: d C, much more so than the vaccination front, really

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Speaker 1: impacting the markets. What are they seeing that lawmakers aren't

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Speaker 1: here in the nation's capital. Oh well, you know, I

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Speaker 1: don't even know if it's the DC stuff. I mean

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Speaker 1: the DC stuff. You have to interrupt. I love that,

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Speaker 1: Christine Murata, That's what we're gonna call the show, the

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Speaker 1: d C stuff. I love it. Go ahead, Cameron. You

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Speaker 1: know you're closer to it, and you know you're following

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Speaker 1: every little nuan to this. I think from a from

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Speaker 1: a slight remove in terms of financial markets. I mean

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Speaker 1: a lot of these headlines sound the same. I mean,

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Speaker 1: how many of these unfabulations do we have between Pelosi

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Speaker 1: and McConnell and Nusian gets in there. Uh, you know,

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Speaker 1: I think it's yeah, it's hopeful, but it's been hopeful

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Speaker 1: since August and we're kind of, you know, the the

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Speaker 1: clock is taking uh So I'd be a little loath

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Speaker 1: to say that the market went up on. Everyone's really

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Speaker 1: excited that they're finally gonna gonna do something because they've

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Speaker 1: been talking this way for so long. I'm not sure

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Speaker 1: that that from my perspective, at least, there's much new

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Speaker 1: in this other than perhaps McConnell's saying, uh that he'll

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Speaker 1: keep them there as long as it takes, or that, frankly,

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Speaker 1: the McConnell recognized Joe Biden as the president of LEUCT.

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Speaker 1: I mean, you know, maybe there's a being able to

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Speaker 1: say that one plus one equals two is a step forward.

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Speaker 1: US camera crisis with US Bloomberg News macro economic strategist.

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Speaker 1: In terms of the vaccination efforts, so far, no major

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Speaker 1: disruptions in the first forty eight hours of the administering

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Speaker 1: of the vaccine, with the government support. In the United States,

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Speaker 1: Maderna's vaccine deemed safe by US regulators, clearing the way

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Speaker 1: for a second shot to quickly gain emergency authorization. In Europe,

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Speaker 1: regulators will review Visor's vaccine earlier than planned, amid growing

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Speaker 1: pressure to approve it quickly. A lot of that pressure

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Speaker 1: because of what happened here in the United States. British

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Speaker 1: authorities will hold talks on Christmas coronavirus rules after a

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Speaker 1: surge and infections fuel demands from medical experts to stop

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Speaker 1: household socializing over the holiday. Back state side, New Jersey

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Speaker 1: administering the COVID nineteen vaccine to an emergency department nurse

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00:25:45,160 --> 00:25:49,040
Speaker 1: at the state's only public hospital, and New York City

432
00:25:49,040 --> 00:25:52,159
Speaker 1: Mayor builds a blasio telling residents to prepare for a

433
00:25:52,200 --> 00:25:57,639
Speaker 1: shutdown of all but essential businesses soon after Christmas. Have

434
00:25:57,760 --> 00:26:01,919
Speaker 1: the markets, Cameron christ Price all of this in or

435
00:26:02,000 --> 00:26:06,879
Speaker 1: is anything jumping out as unexpected? Well, you know, I

436
00:26:07,320 --> 00:26:11,520
Speaker 1: think maybe a little bit of the nerves. Yesterday we're

437
00:26:12,160 --> 00:26:16,800
Speaker 1: um from Governor Cuomo in New York saying that New

438
00:26:16,880 --> 00:26:19,639
Speaker 1: York City might have to might have to shut down.

439
00:26:19,720 --> 00:26:23,880
Speaker 1: But you know, broadly speaking, Taya is the market has

440
00:26:24,080 --> 00:26:29,640
Speaker 1: been remarkably resilient in the in the space of the

441
00:26:29,960 --> 00:26:32,400
Speaker 1: sort of bad news that is right in front of us.

442
00:26:32,920 --> 00:26:36,639
Speaker 1: Um in a sense, people are just willing to fast

443
00:26:36,680 --> 00:26:41,560
Speaker 1: forward three months, six months, whatever it might be, until

444
00:26:42,119 --> 00:26:44,959
Speaker 1: we get a critical mass of vaccination the world starts

445
00:26:45,000 --> 00:26:48,760
Speaker 1: looking um, looking normal again. I mean, you could certainly

446
00:26:48,800 --> 00:26:52,440
Speaker 1: make the argument that markets are getting a little ahead

447
00:26:52,480 --> 00:26:57,240
Speaker 1: of themselves, maybe over estimating the degree to which a

448
00:26:57,320 --> 00:27:04,000
Speaker 1: normalization will improve earnings. Um, you could argue that even

449
00:27:04,440 --> 00:27:07,399
Speaker 1: a month ago that all the best news was already

450
00:27:07,400 --> 00:27:09,760
Speaker 1: in the price, and yet and yet we keep going.

451
00:27:09,880 --> 00:27:15,120
Speaker 1: So there's this, there's this underlying zite guist of yeah,

452
00:27:15,160 --> 00:27:18,840
Speaker 1: you had to vate to say bubble, but of rampant

453
00:27:18,880 --> 00:27:21,480
Speaker 1: optimism that the likes of which I haven't really seen

454
00:27:21,520 --> 00:27:26,600
Speaker 1: since the late Wow wow, and that optimism very much

455
00:27:26,640 --> 00:27:29,919
Speaker 1: fueling so much of the swings in the markets. Cameron,

456
00:27:30,240 --> 00:27:32,520
Speaker 1: when you look at we we talked about how there

457
00:27:32,520 --> 00:27:35,920
Speaker 1: hasn't been any major disruption in the administering of the

458
00:27:36,000 --> 00:27:38,000
Speaker 1: vaccines that has rocked the markets in the in the

459
00:27:38,040 --> 00:27:41,240
Speaker 1: first forty eight hours of this, but there will inevitably

460
00:27:41,640 --> 00:27:48,159
Speaker 1: likely be stories about disruption politics, maybe even magnifying some

461
00:27:48,320 --> 00:27:53,080
Speaker 1: of those headline risk disruptors. How are markets bracing for

462
00:27:53,200 --> 00:27:56,960
Speaker 1: that and do you view that as a potential risk

463
00:27:57,600 --> 00:28:00,480
Speaker 1: and the weeks ahead, Well, I think it's sure they're

464
00:28:00,480 --> 00:28:04,760
Speaker 1: not raising for it. Uh, basically yeah, we're basically at

465
00:28:04,760 --> 00:28:07,679
Speaker 1: the highs. So no, that we're not raising for it.

466
00:28:08,640 --> 00:28:13,280
Speaker 1: I mean listen, early days when the degree uh the

467
00:28:13,320 --> 00:28:17,000
Speaker 1: amount of stuff that's being shipped is relatively modest, and

468
00:28:17,040 --> 00:28:20,640
Speaker 1: there's only a few people who are UM getting access

469
00:28:20,680 --> 00:28:23,399
Speaker 1: to it. I mean, for most of us, it's not

470
00:28:23,440 --> 00:28:25,840
Speaker 1: even an issue yet because I don't know, I've had

471
00:28:25,840 --> 00:28:29,760
Speaker 1: no expectation of being vaccinated to this month. Maybe you did,

472
00:28:29,960 --> 00:28:32,199
Speaker 1: then you can jump to queue, but most of us

473
00:28:32,240 --> 00:28:35,679
Speaker 1: have no you know, no, you know, no, no expectation.

474
00:28:35,720 --> 00:28:37,919
Speaker 1: So it doesn't really sort of punch you in the

475
00:28:37,960 --> 00:28:41,000
Speaker 1: in the face the way that maybe being not able

476
00:28:41,000 --> 00:28:44,920
Speaker 1: to get a COVID test uh my, where it's something

477
00:28:44,920 --> 00:28:47,920
Speaker 1: that's that's that's more immediate personally, I think the more

478
00:28:48,040 --> 00:28:53,840
Speaker 1: interesting risk and all this is what happens if somebody

479
00:28:53,880 --> 00:28:57,880
Speaker 1: dies or a few people die after getting UM after

480
00:28:57,880 --> 00:29:01,440
Speaker 1: getting the vaccination, particularly elderly people who have a high

481
00:29:01,480 --> 00:29:04,520
Speaker 1: degree of mortality or high mortality rate. Anyway, it could

482
00:29:04,520 --> 00:29:08,280
Speaker 1: be completely coincidental, but might that be used in some

483
00:29:08,480 --> 00:29:11,600
Speaker 1: quarters as an argument not to get vaccinated, or might

484
00:29:11,600 --> 00:29:14,520
Speaker 1: there be a pushback against vaccination? Might you see the

485
00:29:14,600 --> 00:29:20,120
Speaker 1: ghost of gerald Ford swine flew vaccination campaign sort of

486
00:29:20,200 --> 00:29:24,640
Speaker 1: the emerged from the ashes ump. Hopefully not, but that's

487
00:29:24,680 --> 00:29:27,480
Speaker 1: certainly something to consider moving forward. I thought it was

488
00:29:27,560 --> 00:29:30,560
Speaker 1: really a strong moment and a profile encourage moment when

489
00:29:30,600 --> 00:29:32,960
Speaker 1: the three former presidents all came out and said that

490
00:29:33,000 --> 00:29:36,560
Speaker 1: they would jointly receive a vaccine, just to instill that

491
00:29:36,680 --> 00:29:40,040
Speaker 1: public trust from from Americans quickly before in the In

492
00:29:40,080 --> 00:29:42,600
Speaker 1: the remaining time that I have left with you, about

493
00:29:42,720 --> 00:29:46,120
Speaker 1: ninety seconds, just a word on China, which of course

494
00:29:46,200 --> 00:29:50,000
Speaker 1: is heading for strong growth in as the recovery gathers

495
00:29:50,040 --> 00:29:54,560
Speaker 1: paces the anticipation that the Western world will soon follow.

496
00:29:55,160 --> 00:30:00,520
Speaker 1: Obviously we got waxed with the pandemic after China did well.

497
00:30:00,600 --> 00:30:03,360
Speaker 1: It comes down to management of the disease. I think

498
00:30:03,360 --> 00:30:06,080
Speaker 1: you're and simple. One of the reasons that China has

499
00:30:06,160 --> 00:30:10,120
Speaker 1: enjoyed such a robust rebound is despite being the first

500
00:30:10,520 --> 00:30:13,560
Speaker 1: to to get the disease. Certainly, if you believe the

501
00:30:13,600 --> 00:30:16,160
Speaker 1: public statistics, maybe you should maybe shouldn't. But if you

502
00:30:16,160 --> 00:30:18,840
Speaker 1: believe the statistics and you look at the way people behaving,

503
00:30:19,000 --> 00:30:21,960
Speaker 1: their behaving as if it's well contained, Um, that's clearly

504
00:30:22,000 --> 00:30:25,480
Speaker 1: not the case in the West, where not in the

505
00:30:25,560 --> 00:30:29,000
Speaker 1: United States, but also in Europe. Or we're obviously wrestling

506
00:30:29,040 --> 00:30:31,880
Speaker 1: with this second way. So we need the public health

507
00:30:31,960 --> 00:30:34,440
Speaker 1: data to look like China's in a sense before the

508
00:30:34,480 --> 00:30:38,520
Speaker 1: economic trajectory can truly look like China's as well. All right,

509
00:30:38,600 --> 00:30:41,880
Speaker 1: Cameron Christ, thank you so much for for your time

510
00:30:42,000 --> 00:30:44,880
Speaker 1: and for helping us navigate through the currents and the

511
00:30:44,880 --> 00:30:47,760
Speaker 1: ebbs and flows of the markets and how all of

512
00:30:47,800 --> 00:30:50,840
Speaker 1: these different disseaying headlines coming from Washington, d C, but

513
00:30:50,960 --> 00:30:55,600
Speaker 1: also of course from big pharmaceutical companies are impacting the

514
00:30:55,640 --> 00:30:58,200
Speaker 1: markets and what the markets can tell us about the

515
00:30:58,320 --> 00:31:01,720
Speaker 1: road ahead. That's Cameron Christ. Cameron, of course, is Bloomberg

516
00:31:01,760 --> 00:31:04,640
Speaker 1: News macro Strategists. Coming up in the next hour, We're

517
00:31:04,680 --> 00:31:06,960
Speaker 1: going to have Nadem el Shami, the former chief of

518
00:31:07,000 --> 00:31:09,719
Speaker 1: staff to Speaker Pelosi, as well as Boyd not to Sin,

519
00:31:09,800 --> 00:31:11,760
Speaker 1: the former chief of staff to Senator Mike Lee, for

520
00:31:11,800 --> 00:31:15,280
Speaker 1: the hour all Star panel as we continue to cover

521
00:31:15,320 --> 00:31:17,920
Speaker 1: these talks that are underway right now on Capitol Hill

522
00:31:18,440 --> 00:31:21,800
Speaker 1: for the fiscal stimulus front and one of the people

523
00:31:21,880 --> 00:31:26,680
Speaker 1: at the forefront of those discussions, Josh Gottheimer, Congressman Josh Godheimer.

524
00:31:27,200 --> 00:31:29,720
Speaker 1: That's coming up next. I'm Kevin SURREALI you're listening to

525
00:31:29,760 --> 00:31:44,920
Speaker 1: Bloomberg from All Talk here in Washington, d C. Turns

526
00:31:44,920 --> 00:31:48,720
Speaker 1: to President elect Joe Biden's administration. Historically speaking, the markets

527
00:31:48,760 --> 00:31:51,520
Speaker 1: that performed better when there is divided government. The biggest

528
00:31:51,680 --> 00:31:55,360
Speaker 1: pressure for physical stimulus is an up taking cases Bloomberg

529
00:31:55,600 --> 00:32:00,920
Speaker 1: Sound Off, the insiders, the influencers inside siding Thomas again

530
00:32:00,960 --> 00:32:04,160
Speaker 1: and again A. He will unite the country's state government's

531
00:32:04,160 --> 00:32:06,760
Speaker 1: control elections, US in the constitution. I think that we

532
00:32:06,840 --> 00:32:11,719
Speaker 1: can expect a smooth, thoughtful, methodical transition. This is Bloomberg

533
00:32:11,960 --> 00:32:19,840
Speaker 1: Sound On with Kevin Shirley on Bloomberg. Two fiscal stimulus

534
00:32:19,840 --> 00:32:23,400
Speaker 1: talks underway this hour on Capitol Hill, we check in

535
00:32:23,440 --> 00:32:27,320
Speaker 1: with Congressman Josh Gottheimer, Democrat from New Jersey and co

536
00:32:27,480 --> 00:32:32,520
Speaker 1: chairman of the Problem Solvers Caucus. Can there be a breakthrough? Meanwhile,

537
00:32:33,240 --> 00:32:36,520
Speaker 1: President elect Joe Biden weighs in on when he will

538
00:32:36,560 --> 00:32:41,240
Speaker 1: get the vaccine. As leaders across the country now working

539
00:32:41,240 --> 00:32:45,120
Speaker 1: with the federal government to administer the vaccine to frontline workers,

540
00:32:45,160 --> 00:32:46,960
Speaker 1: a lot to get through. We begin tonight with the

541
00:32:46,960 --> 00:32:51,480
Speaker 1: big story, the administering of the vaccine. All across the country,

542
00:32:51,560 --> 00:32:55,800
Speaker 1: including in states like Maryland, Governors and leading policymakers are

543
00:32:55,800 --> 00:33:00,280
Speaker 1: working with the federal government to administer the vaccine. This

544
00:33:00,440 --> 00:33:04,400
Speaker 1: comes as Governor Larry Hogan, a centrist Republican, saying within

545
00:33:04,400 --> 00:33:07,720
Speaker 1: the last hour that he is utilizing the National Guard

546
00:33:08,040 --> 00:33:12,240
Speaker 1: to help administer the vaccine to frontline workers, and President

547
00:33:12,280 --> 00:33:15,760
Speaker 1: elect Joe Biden also gave a sound on this particular topic.

548
00:33:16,080 --> 00:33:18,280
Speaker 1: He says he's going to wait for the queue from

549
00:33:18,360 --> 00:33:22,000
Speaker 1: Dr Fauci for when he himself will get the vaccine.

550
00:33:22,760 --> 00:33:26,080
Speaker 1: Dr Clappy recommends I got the vaccine sooner than later.

551
00:33:26,960 --> 00:33:29,080
Speaker 1: I wanted to make sure we do apply the numbers

552
00:33:29,080 --> 00:33:31,000
Speaker 1: and we'll do it. But what I do or you

553
00:33:31,120 --> 00:33:34,040
Speaker 1: la have notice and we'll do it public. The President

554
00:33:34,040 --> 00:33:37,960
Speaker 1: elect made those remarks to reporters earlier today before he

555
00:33:38,040 --> 00:33:41,480
Speaker 1: traveled to Atlanta, Georgia, where he held a campaign style

556
00:33:41,600 --> 00:33:44,800
Speaker 1: rally in the ahead of the Georgia runoff on January five.

557
00:33:44,840 --> 00:33:47,800
Speaker 1: And will have much more on that coming up. But meanwhile,

558
00:33:47,960 --> 00:33:52,640
Speaker 1: back on Capitol Hill, the vaccination efforts influencing and adding

559
00:33:52,960 --> 00:33:56,560
Speaker 1: urgency to the fiscal stimulus talks, and just within the

560
00:33:56,640 --> 00:34:00,120
Speaker 1: last hour sent a Majority Leader Mitch McConnell meeting with

561
00:34:00,160 --> 00:34:03,760
Speaker 1: how Speaker Nancy Pelosi, House Minority Leader Kevin McCarthy, and

562
00:34:03,800 --> 00:34:07,840
Speaker 1: Treasury Secretary Stephen Manusian. Here's what he had to say

563
00:34:07,880 --> 00:34:10,719
Speaker 1: about trying to get a deal. We all know the

564
00:34:10,760 --> 00:34:12,719
Speaker 1: new administration is going to be asking for you on

565
00:34:12,760 --> 00:34:16,640
Speaker 1: another package. It's not like we won't have another opportunity

566
00:34:16,719 --> 00:34:21,399
Speaker 1: to debate the merits of liability reform, end of state

567
00:34:21,440 --> 00:34:24,520
Speaker 1: and local government in the very near future. Leader McConnell

568
00:34:24,600 --> 00:34:28,080
Speaker 1: vowing to keep the Senate in session throughout the holidays

569
00:34:28,520 --> 00:34:31,359
Speaker 1: until there is a deal. I want to bring into

570
00:34:31,400 --> 00:34:34,520
Speaker 1: the conversation two former chiefs of staff to two of

571
00:34:34,560 --> 00:34:38,160
Speaker 1: the major players in these talks. Nadeem el Shami is

572
00:34:38,200 --> 00:34:41,560
Speaker 1: the former chief of staff to House Democratic Leader Nancy Pelosi,

573
00:34:41,600 --> 00:34:44,400
Speaker 1: now of course Speaker Pelosi. And Boyd Matheson, the former

574
00:34:44,480 --> 00:34:48,000
Speaker 1: chief for Senator Mike Lee. He is now an opinion

575
00:34:48,120 --> 00:34:51,800
Speaker 1: editor at the Desiret News. Uh, Mike, Senator Lee, of

576
00:34:51,840 --> 00:34:54,640
Speaker 1: course a Republican from Utah. Thank you both for joining

577
00:34:54,640 --> 00:34:56,960
Speaker 1: with us. Uh. Boyd, you and I have talked about

578
00:34:56,960 --> 00:35:00,600
Speaker 1: this before, but Leader McConnell is representing the can Conservative

579
00:35:00,719 --> 00:35:05,320
Speaker 1: movement in these negotiations. They feel, based upon my reporting,

580
00:35:05,680 --> 00:35:09,120
Speaker 1: that if they spend too much money now, that there

581
00:35:09,120 --> 00:35:13,720
Speaker 1: will be a complete fiscal uprising once President electro Biden

582
00:35:13,800 --> 00:35:16,680
Speaker 1: is sport It's office, and that talks of another deal

583
00:35:17,040 --> 00:35:22,040
Speaker 1: will not ever materialize. So what political tightrope and how

584
00:35:22,120 --> 00:35:25,080
Speaker 1: much of a tight rope is Leader McConnell walking right now?

585
00:35:25,200 --> 00:35:30,279
Speaker 1: Is he virtually this hour negotiates with Speaker Pelosi. Yeah,

586
00:35:30,320 --> 00:35:33,920
Speaker 1: I think this is pretty much business as usual, uh

587
00:35:34,080 --> 00:35:37,480
Speaker 1: in Washington. It's it's the fact that you know, whenever

588
00:35:37,600 --> 00:35:41,600
Speaker 1: American citizens hear the word behind closed doors, it should

589
00:35:41,640 --> 00:35:44,560
Speaker 1: send a shiver down our spine because usually nothing good

590
00:35:44,640 --> 00:35:47,640
Speaker 1: is going to come out of that. And sadly, this

591
00:35:47,680 --> 00:35:49,920
Speaker 1: is what's gonna happen. They're gonna be behind closed doors.

592
00:35:49,920 --> 00:35:53,360
Speaker 1: They'll have those talks, they'll come out, they'll shrug their shoulders,

593
00:35:53,400 --> 00:35:55,680
Speaker 1: they'll say, uh, you know, we haven't been able to

594
00:35:55,719 --> 00:35:58,920
Speaker 1: get to anything. Uh. And it will just continue on

595
00:35:59,000 --> 00:36:01,880
Speaker 1: that way. And the uh, the challenge for Leader McConnell

596
00:36:01,920 --> 00:36:04,640
Speaker 1: obviously they do need to get something done before the

597
00:36:04,719 --> 00:36:08,240
Speaker 1: end of the year. Uh. And and and remind everyone

598
00:36:08,280 --> 00:36:10,600
Speaker 1: that we still have to fund the government by Friday.

599
00:36:11,160 --> 00:36:13,480
Speaker 1: So you know, a lot of these fake fights, false

600
00:36:13,600 --> 00:36:18,320
Speaker 1: choices and cliffs are are there mostly for the members

601
00:36:18,320 --> 00:36:21,440
Speaker 1: of both parties so that they can do fundraising and

602
00:36:21,480 --> 00:36:23,719
Speaker 1: they end up being in a place where they don't

603
00:36:23,760 --> 00:36:26,440
Speaker 1: have to be accountable. So uh, sadly, I think we're

604
00:36:26,480 --> 00:36:28,680
Speaker 1: going to see this for a couple more days. I

605
00:36:28,680 --> 00:36:30,799
Speaker 1: think they'll probably get some version of a of a

606
00:36:30,880 --> 00:36:33,319
Speaker 1: skinny bill that they can limp across the line as

607
00:36:33,440 --> 00:36:36,719
Speaker 1: as part of a deal to fund the government into January,

608
00:36:36,840 --> 00:36:39,000
Speaker 1: and then we will do this all over again. The

609
00:36:39,000 --> 00:36:41,480
Speaker 1: spending is just ramping up, and it's both sides have

610
00:36:41,520 --> 00:36:44,799
Speaker 1: been doing this for decades now, So no big surprises here.

611
00:36:45,000 --> 00:36:46,680
Speaker 1: I don't want to get to ahead of the story

612
00:36:46,760 --> 00:36:50,040
Speaker 1: because we still find ourselves in the middle of these negotiations.

613
00:36:50,040 --> 00:36:52,960
Speaker 1: But no doubt, the fiscal stimulus debate is a debate

614
00:36:53,000 --> 00:36:56,879
Speaker 1: that many Republicans, including Senator Mike Lee, wants to have

615
00:36:57,680 --> 00:37:01,680
Speaker 1: come February of next calendar. Or Nadeem el Shami, let's

616
00:37:02,040 --> 00:37:04,080
Speaker 1: keep focused on the on the matters at hand. Some

617
00:37:04,480 --> 00:37:08,440
Speaker 1: Senate Democratic leader Chuck Schumer said he wants more funding

618
00:37:08,480 --> 00:37:13,160
Speaker 1: for vaccine distribution than the six billion dollars allocated in

619
00:37:13,160 --> 00:37:17,400
Speaker 1: a bipartisan COVID nineteen relief package. The co author of

620
00:37:17,440 --> 00:37:21,520
Speaker 1: that proposal will join us this hour. Congressman Josh gottheimer,

621
00:37:21,560 --> 00:37:25,520
Speaker 1: but he held off. Schumer did uncommenting further ahead of

622
00:37:25,520 --> 00:37:28,759
Speaker 1: a key leadership meeting. The meeting that is underway now

623
00:37:29,719 --> 00:37:35,440
Speaker 1: is vaccine distribution money translation for state and local government

624
00:37:35,520 --> 00:37:38,120
Speaker 1: aid nadem el Shami. Is this a way to sell

625
00:37:38,200 --> 00:37:41,719
Speaker 1: this to Republicans? Well, I don't know if it's a

626
00:37:41,719 --> 00:37:43,919
Speaker 1: way to sell it two Republicans. And then the one

627
00:37:44,000 --> 00:37:47,360
Speaker 1: thing that we all would agree on, Republicans and Democrats,

628
00:37:47,480 --> 00:37:50,680
Speaker 1: is that the vaccine is being given today and we

629
00:37:50,760 --> 00:37:53,920
Speaker 1: need as much resources as possible to be ensured that

630
00:37:53,960 --> 00:37:58,279
Speaker 1: it is delivered, that is transported properly, that those who

631
00:37:58,320 --> 00:38:01,279
Speaker 1: need it right away are getting it and as this

632
00:38:01,360 --> 00:38:04,600
Speaker 1: process continues. So so I think if you talk about

633
00:38:04,719 --> 00:38:08,400
Speaker 1: vaccine distribution money as as uh you Schumer did and

634
00:38:08,760 --> 00:38:11,439
Speaker 1: saying that we need more money, I think that's that's

635
00:38:11,440 --> 00:38:13,720
Speaker 1: a topic that could be discussed here in that meeting.

636
00:38:14,160 --> 00:38:18,160
Speaker 1: But look, the the interesting thing here is that there

637
00:38:18,920 --> 00:38:22,600
Speaker 1: no piece of legislation has been talked about more than

638
00:38:22,640 --> 00:38:27,080
Speaker 1: the COVID Relief Package start Package. You've had the Heroes Act,

639
00:38:27,320 --> 00:38:31,399
Speaker 1: You've had Heroes to Poo, You've had Heels, you've had

640
00:38:31,480 --> 00:38:34,719
Speaker 1: the Gang of nine oh eight, and the Problem Solver's

641
00:38:34,760 --> 00:38:38,520
Speaker 1: Caucus with Congressman Gottheimer. So now it just comes down

642
00:38:38,560 --> 00:38:44,320
Speaker 1: to a decision, what could pass, Where are the leverage points,

643
00:38:44,320 --> 00:38:48,000
Speaker 1: what could get over the finish line. Additionally, you know

644
00:38:48,239 --> 00:38:51,720
Speaker 1: they're talking about the oonibus appropriations built funding the government

645
00:38:51,760 --> 00:38:54,759
Speaker 1: for for a full year, which is actually a good

646
00:38:54,800 --> 00:38:58,399
Speaker 1: thing for the economy and stability and a good thing

647
00:38:58,520 --> 00:39:02,080
Speaker 1: for businesses all across the country to have that sense

648
00:39:02,080 --> 00:39:06,200
Speaker 1: of normalcy coming back. So and I'm more hopeful that

649
00:39:06,680 --> 00:39:10,320
Speaker 1: they would reach an agreement sooner than than a couple

650
00:39:10,320 --> 00:39:13,040
Speaker 1: of days. Um, I think that the clock is sticking.

651
00:39:13,120 --> 00:39:16,120
Speaker 1: The deadline is Friday at midnight for the government to

652
00:39:16,400 --> 00:39:20,400
Speaker 1: shut down. So I think I do hope that they

653
00:39:20,440 --> 00:39:23,839
Speaker 1: were reaching the agreement earlier. And look, you know, forgetting

654
00:39:23,880 --> 00:39:27,560
Speaker 1: more money for vaccines, who would disagree with that, But

655
00:39:27,640 --> 00:39:30,760
Speaker 1: I just think it's code for more stand local funding. Nadine,

656
00:39:30,840 --> 00:39:32,440
Speaker 1: let me let me ask you this. In the ninety

657
00:39:32,440 --> 00:39:34,720
Speaker 1: seconds that we have left in this block, the email Seanan,

658
00:39:34,840 --> 00:39:37,800
Speaker 1: former chief of staff to to Nancy Pelosi, when the

659
00:39:37,920 --> 00:39:41,840
Speaker 1: Speaker Pelosi have more leverage when she's negotiating with President

660
00:39:41,840 --> 00:39:44,879
Speaker 1: Trump in the lame duck, or was Senate Majority Leader

661
00:39:44,880 --> 00:39:52,399
Speaker 1: Mitch McConnell in the lame duck? You know she well,

662
00:39:52,400 --> 00:39:56,320
Speaker 1: that's a very good question. Actually, she's actually negotiating with both,

663
00:39:57,360 --> 00:39:59,480
Speaker 1: right because at the end of the day, the President

664
00:39:59,719 --> 00:40:03,839
Speaker 1: had to uh sign the legislation. And don't forget that

665
00:40:04,320 --> 00:40:07,840
Speaker 1: Secretary Manuchin is actually on the phone during these conversations,

666
00:40:07,840 --> 00:40:10,280
Speaker 1: so it's you know, it's the big the Big four

667
00:40:11,080 --> 00:40:14,560
Speaker 1: plus Secretary minitions. So he's so that the President is

668
00:40:14,600 --> 00:40:18,400
Speaker 1: actually part of this conversation. And I bring that up.

669
00:40:18,440 --> 00:40:19,960
Speaker 1: And we're gonna have much more on this on this

670
00:40:20,000 --> 00:40:23,719
Speaker 1: conversation coming up, because the elephant in the room is Georgia,

671
00:40:24,040 --> 00:40:25,799
Speaker 1: and that's what we're gonna talk about coming up next

672
00:40:25,880 --> 00:40:29,279
Speaker 1: is Georgia and how that's trying. How leadership and both

673
00:40:29,360 --> 00:40:32,799
Speaker 1: on both sides, uh Speaker Pelosi, Leader McConnell are are

674
00:40:32,880 --> 00:40:35,520
Speaker 1: trying to wait it out to see how Georgia is

675
00:40:35,560 --> 00:40:39,320
Speaker 1: going to inform their ability to deploy political capital. Panel

676
00:40:39,360 --> 00:40:42,000
Speaker 1: stays boy Mathewson and email shop me. I'm Kevin CURRELLI

677
00:40:42,080 --> 00:40:44,759
Speaker 1: Chief Washington correspondent. Fro Bloomberg TV and Radio. Look up,

678
00:40:45,000 --> 00:40:48,440
Speaker 1: look at the sunset. Gorgeous sunset in the nation's capital.

679
00:40:48,440 --> 00:40:50,319
Speaker 1: Almost looks like someone lit a candle in this guy.

680
00:40:50,560 --> 00:40:59,319
Speaker 1: You're listening to Bloomberg, You're listening to Bloomberg Sound on

681
00:40:59,400 --> 00:41:03,160
Speaker 1: with Kevin's to relate on Bloombird and one old five

682
00:41:03,200 --> 00:41:06,040
Speaker 1: point seven f m h D two. I'm Kevin Surreally,

683
00:41:06,719 --> 00:41:09,720
Speaker 1: chief Washington correspondent from Limberg Television and from Limberg Radio.

684
00:41:09,800 --> 00:41:12,840
Speaker 1: Also a chef to some extent, and I will totally

685
00:41:13,440 --> 00:41:17,040
Speaker 1: be making se really chili tonight and the slow cooker

686
00:41:17,560 --> 00:41:21,200
Speaker 1: for ahead of the complete dumping and pummeling of snow

687
00:41:21,800 --> 00:41:24,919
Speaker 1: that the nation's capital is going to get. Uh that

688
00:41:25,320 --> 00:41:28,520
Speaker 1: BOYD Matheson doesn't have to get out in the desert

689
00:41:29,200 --> 00:41:32,400
Speaker 1: in Utah, not the center, of course, our Republican insider.

690
00:41:32,640 --> 00:41:35,040
Speaker 1: He's with us for the our opinion editor of the

691
00:41:35,080 --> 00:41:37,600
Speaker 1: Deserret News. Boy do you get all right? Maybe you do?

692
00:41:37,600 --> 00:41:39,400
Speaker 1: Do you have snow this time of year in Utah?

693
00:41:39,440 --> 00:41:43,680
Speaker 1: In Salt Lake? I have already shoveled snow. Uh did

694
00:41:43,800 --> 00:41:46,759
Speaker 1: it again this morning? And so we do that, not

695
00:41:46,880 --> 00:41:49,759
Speaker 1: the d C kind where you know, two snowflakes have

696
00:41:49,840 --> 00:41:54,279
Speaker 1: a conversation and everybody starts screaming shut it down. That

697
00:41:54,360 --> 00:41:56,960
Speaker 1: don't be a hero. Cook up your chili, get some

698
00:41:57,000 --> 00:42:03,040
Speaker 1: bread and milk, and say, oh now we do real well, Listen,

699
00:42:03,480 --> 00:42:06,560
Speaker 1: I love a good snowfall, especially if it means that

700
00:42:06,600 --> 00:42:09,000
Speaker 1: I can I can make some sur really chilly okay,

701
00:42:09,120 --> 00:42:13,920
Speaker 1: headline crossing the Blueberg terminal right now? Uh uh. House

702
00:42:13,960 --> 00:42:17,960
Speaker 1: Minority Leader Kevin McCarthy says that some good progress has

703
00:42:17,960 --> 00:42:20,680
Speaker 1: been made on the fiscal stimulus front. We've been carefully

704
00:42:20,680 --> 00:42:24,040
Speaker 1: monitoring the comments coming out of this meeting underway on

705
00:42:24,160 --> 00:42:27,880
Speaker 1: Capitol Hill, and there is likely going to be another meeting,

706
00:42:28,200 --> 00:42:33,240
Speaker 1: Minority Leader McCarthy says. At seven thirty pm Eastern time

707
00:42:33,600 --> 00:42:38,200
Speaker 1: this evening. Wow, So a break from the leadership meeting,

708
00:42:38,280 --> 00:42:41,239
Speaker 1: and McCarthy comes out and says, Congressional leadership will meet

709
00:42:41,280 --> 00:42:45,440
Speaker 1: again later this evening. Optimism. I would take it in

710
00:42:45,480 --> 00:42:47,840
Speaker 1: an email, Shami, former chief of staff to House Democratic

711
00:42:47,880 --> 00:42:50,440
Speaker 1: Leader Nancy Pelosi, who of course now is speaker. If

712
00:42:50,440 --> 00:42:52,360
Speaker 1: you have a break in a meeting and you schedule

713
00:42:52,400 --> 00:42:58,920
Speaker 1: another one for that night, is that a good sign? Absolutely?

714
00:42:59,040 --> 00:43:01,680
Speaker 1: But the first of coming over to your house for

715
00:43:01,680 --> 00:43:09,880
Speaker 1: for chili tomorrow, you know I'll probably be stuck in

716
00:43:09,960 --> 00:43:12,279
Speaker 1: my driveways with two uh, with two inches of snow.

717
00:43:15,120 --> 00:43:18,080
Speaker 1: But on a serious note, look, you know we all

718
00:43:18,080 --> 00:43:20,920
Speaker 1: need to laugh because you know the twenty has been

719
00:43:21,000 --> 00:43:23,600
Speaker 1: rough for so many people. There's no question about that.

720
00:43:23,800 --> 00:43:27,839
Speaker 1: So yes, I view what Leader McCarthy just said as

721
00:43:28,040 --> 00:43:33,520
Speaker 1: as as an optimistic ray of hope that they'll come

722
00:43:33,520 --> 00:43:35,560
Speaker 1: back and look at it. And I've been in these

723
00:43:35,600 --> 00:43:39,520
Speaker 1: meetings and show as void and others where you know,

724
00:43:39,800 --> 00:43:42,880
Speaker 1: you kind of run through some things and then you know,

725
00:43:43,000 --> 00:43:46,360
Speaker 1: some assignments are given and say all right, talk to

726
00:43:46,400 --> 00:43:49,120
Speaker 1: your staff and come back and a couple of hours,

727
00:43:49,200 --> 00:43:51,239
Speaker 1: let's just see if we could close the deal or

728
00:43:51,280 --> 00:43:54,680
Speaker 1: we can make some more progress. So in in these meetings,

729
00:43:54,719 --> 00:43:57,279
Speaker 1: they're just agreeing to some top line numbers and now

730
00:43:57,360 --> 00:44:00,440
Speaker 1: they just have to go back uh and and actually

731
00:44:00,480 --> 00:44:03,600
Speaker 1: see if they can ride up the legislative language um

732
00:44:03,640 --> 00:44:08,239
Speaker 1: and and get to an agreement that way. So they hope. Absolutely. Boy,

733
00:44:08,320 --> 00:44:11,120
Speaker 1: do you think they feel the pressure that the deem

734
00:44:11,239 --> 00:44:13,719
Speaker 1: is describing, I mean, on a on a human to

735
00:44:13,840 --> 00:44:18,000
Speaker 1: human level. They've become last names and headlines. But the

736
00:44:18,200 --> 00:44:23,280
Speaker 1: Leader McConnell and Speaker Pelosi McCarthy minution, they're they're taking

737
00:44:23,280 --> 00:44:26,200
Speaker 1: a breather right now. They're working the phones, they're trying

738
00:44:26,200 --> 00:44:28,560
Speaker 1: to get to a deal, they're trying to caucus and

739
00:44:28,600 --> 00:44:31,279
Speaker 1: whip ahead of the seventh thirty meeting that we just

740
00:44:31,360 --> 00:44:36,000
Speaker 1: found out about. But do they understand the pressure that

741
00:44:36,080 --> 00:44:39,640
Speaker 1: they are under right now to get to a deal.

742
00:44:39,800 --> 00:44:44,239
Speaker 1: I don't think there's been negotiations this difficult since the

743
00:44:44,280 --> 00:44:48,040
Speaker 1: two thousand and eight collapse. Yeah, I think you're right

744
00:44:48,080 --> 00:44:50,359
Speaker 1: on that and I and I think to the Deem's point,

745
00:44:50,560 --> 00:44:54,280
Speaker 1: I think they aren't feeling it in a different way typically.

746
00:44:54,280 --> 00:44:56,200
Speaker 1: I mean, you can kind of go through the December

747
00:44:56,280 --> 00:44:59,600
Speaker 1: rigamarole in Washington and there's there's kind of the usual drama,

748
00:44:59,680 --> 00:45:01,640
Speaker 1: but then you know, you get the jet pumes going

749
00:45:01,719 --> 00:45:04,040
Speaker 1: from everybody wanting to get out of town and get

750
00:45:04,040 --> 00:45:06,920
Speaker 1: home for the holidays, and it usually greases skids and

751
00:45:06,960 --> 00:45:10,600
Speaker 1: things get done. This year, it does feel different to me. Uh.

752
00:45:10,600 --> 00:45:13,239
Speaker 1: And I think they do feel some of that pressure of, Hey,

753
00:45:13,280 --> 00:45:16,560
Speaker 1: the country's kind of had it, folks, uh, and they

754
00:45:16,680 --> 00:45:19,040
Speaker 1: we do need to get this done, not to solve

755
00:45:19,080 --> 00:45:23,160
Speaker 1: our political problems, but to solve the American people's problems. Uh.

756
00:45:23,200 --> 00:45:26,040
Speaker 1: And So my hope is that if they're uh, if

757
00:45:26,080 --> 00:45:28,440
Speaker 1: they're making this kind of progress, I hope they can

758
00:45:28,520 --> 00:45:31,160
Speaker 1: step it forward deal with the budget as well. I

759
00:45:31,160 --> 00:45:32,879
Speaker 1: also want to go back to the Deem's point, which

760
00:45:32,920 --> 00:45:37,880
Speaker 1: is probably the unspoken UH stimulus that we could have

761
00:45:37,920 --> 00:45:42,560
Speaker 1: for one, is getting a budget done all the way

762
00:45:42,600 --> 00:45:46,080
Speaker 1: to September, to get that certainty in the market so

763
00:45:46,120 --> 00:45:49,600
Speaker 1: that businesses can be assertive and aggressive and move forward.

764
00:45:50,080 --> 00:45:53,840
Speaker 1: Because if we're if we're just doing continuing resolutions resolution

765
00:45:53,920 --> 00:45:57,319
Speaker 1: to continuing resolution, you know, six weeks at a time, UH,

766
00:45:57,360 --> 00:45:59,920
Speaker 1: that's going to really kill and continue to sty me

767
00:46:00,040 --> 00:46:03,720
Speaker 1: the economy moving forward. So I do think there there's

768
00:46:03,800 --> 00:46:06,520
Speaker 1: a glimmer of optimism there. I think they are feeling

769
00:46:06,560 --> 00:46:09,480
Speaker 1: it in a unique way because of the pandemic. UH,

770
00:46:09,520 --> 00:46:11,239
Speaker 1: and I hope they can push it all the way through,

771
00:46:12,080 --> 00:46:14,440
Speaker 1: not for their political futures, but for the future of

772
00:46:14,480 --> 00:46:16,720
Speaker 1: the country. Again, if you're just joining us a headline

773
00:46:16,760 --> 00:46:19,680
Speaker 1: crossing my Bloomberg terminal. Just within the last several minutes,

774
00:46:19,960 --> 00:46:23,839
Speaker 1: House Minority Leader Kevin McCarthy says congressional leadership will meet

775
00:46:23,920 --> 00:46:28,800
Speaker 1: again later this evening, UH in in about two hours.

776
00:46:28,800 --> 00:46:32,640
Speaker 1: They're taking a breather from their negotiations paraphrasing now, but

777
00:46:32,800 --> 00:46:35,879
Speaker 1: he says that progress has been made UH and as

778
00:46:35,880 --> 00:46:39,000
Speaker 1: we are gleaning from these negotiations, it would appear a

779
00:46:39,120 --> 00:46:42,160
Speaker 1: step in the in the in the direction of reaching

780
00:46:42,200 --> 00:46:45,479
Speaker 1: a deal if they are going to reconvene. This meeting

781
00:46:45,560 --> 00:46:50,080
Speaker 1: at seven thirty tonight was not originally on the schedule.

782
00:46:50,200 --> 00:46:53,520
Speaker 1: Let's pivot now back to the president elect, because he

783
00:46:53,640 --> 00:46:57,480
Speaker 1: crossed the threshold in the Electoral College and was acknowledged

784
00:46:57,520 --> 00:47:00,920
Speaker 1: from Senate Majority Leader Mitch McConnell earlier this morning. We've

785
00:47:00,960 --> 00:47:04,160
Speaker 1: got sound on that. As of this morning, our country

786
00:47:04,160 --> 00:47:09,160
Speaker 1: has officially a president elect and a vice president elect.

787
00:47:09,440 --> 00:47:12,280
Speaker 1: So today I want to congratulate President elect Joe Biden.

788
00:47:13,280 --> 00:47:16,799
Speaker 1: The President elect is no stranger to the Senate. He's

789
00:47:16,840 --> 00:47:22,200
Speaker 1: devoted himself to public service for many years. Meanwhile, the

790
00:47:22,239 --> 00:47:25,520
Speaker 1: litigation effort from the president, the current occupant of the

791
00:47:25,520 --> 00:47:29,400
Speaker 1: White House, President Trump's orbit continues, Kaylee mcinaty weighing in.

792
00:47:30,600 --> 00:47:33,799
Speaker 1: The president is still involved in ongoing litigation related to

793
00:47:33,800 --> 00:47:37,640
Speaker 1: the election. Yesterday's vote was one step in the constitutional process,

794
00:47:37,680 --> 00:47:39,480
Speaker 1: So I will leave that to him and refer you

795
00:47:39,560 --> 00:47:42,360
Speaker 1: to the campaign for more on that litigation. Boyd, I

796
00:47:42,400 --> 00:47:44,800
Speaker 1: bring this up because yesterday with the with the news

797
00:47:44,800 --> 00:47:48,919
Speaker 1: that Attorney General Bill Barr is resigning, these these litigus

798
00:47:48,920 --> 00:47:52,279
Speaker 1: efforts still continuing. From your perspective, when you talk to

799
00:47:52,360 --> 00:47:58,600
Speaker 1: Republicans in a conservative state like Utah. How is this playing? Uh?

800
00:47:58,719 --> 00:48:02,600
Speaker 1: You know, Utah has an interesting relationship with President Trump,

801
00:48:02,719 --> 00:48:05,279
Speaker 1: and they also have an interesting relationship as it as

802
00:48:05,280 --> 00:48:07,719
Speaker 1: it relates to kind of the rule of law and

803
00:48:07,719 --> 00:48:11,239
Speaker 1: then moving forward. And I think for most people, I

804
00:48:11,280 --> 00:48:14,759
Speaker 1: think with the completion of the electoral college work that

805
00:48:15,280 --> 00:48:19,160
Speaker 1: was done yesterday, I think everybody is all ready for

806
00:48:19,200 --> 00:48:21,600
Speaker 1: the pivot and and it's okay. It's okay to have

807
00:48:21,800 --> 00:48:24,960
Speaker 1: litigation and challenges and all of that after an election.

808
00:48:25,080 --> 00:48:27,719
Speaker 1: We have that after every election. Uh, and now it's

809
00:48:27,719 --> 00:48:30,279
Speaker 1: time to to pivot and move forward. I think people

810
00:48:30,280 --> 00:48:32,200
Speaker 1: are are ready for that. Let me jump in here.

811
00:48:32,239 --> 00:48:35,400
Speaker 1: Sent a Majority leader Mitch McConnell headlines crossing the terminal,

812
00:48:35,440 --> 00:48:37,759
Speaker 1: says that he thinks there's an agreement and that they

813
00:48:37,760 --> 00:48:41,400
Speaker 1: are not going to leave without aid. Again, more positive

814
00:48:41,440 --> 00:48:45,000
Speaker 1: it more positive talk coming from these negotiations. Will carefully

815
00:48:45,040 --> 00:49:03,040
Speaker 1: monitor them. I'm Kevin Sirelli panel stage. You're listening to Bloomberg. Um,

816
00:49:04,080 --> 00:49:08,440
Speaker 1: I'm Kevin Curreli, Chief Washington corresponded for Bloomberg Television and

817
00:49:08,560 --> 00:49:13,960
Speaker 1: for Bloomberg Radio. I love that song the Classics from

818
00:49:13,960 --> 00:49:18,200
Speaker 1: the Great American songbook, Irving Berlin wrote a cheek to cheek,

819
00:49:18,400 --> 00:49:20,640
Speaker 1: I seem to find the happiness I seek. I love

820
00:49:20,680 --> 00:49:23,840
Speaker 1: that lyrics so important. I listened to that song on

821
00:49:23,960 --> 00:49:27,640
Speaker 1: repeating and back in March. Headlines crossing the Bloomberg terminal,

822
00:49:27,640 --> 00:49:31,880
Speaker 1: and we are monitoring so many stories tonight, uh, chief

823
00:49:31,920 --> 00:49:37,799
Speaker 1: among them the fiscal stimulus negotiations ongoing, but halftime from

824
00:49:37,920 --> 00:49:42,960
Speaker 1: leadership set A Majority leader Mitch McConnell meeting with Speaker Pelosi,

825
00:49:43,120 --> 00:49:48,440
Speaker 1: Secretary Manution Minardi leader McCarthy, and Setiment Arty leader Chuck Schumer.

826
00:49:48,480 --> 00:49:50,480
Speaker 1: They're all meeting. They were scheduled to meet at four

827
00:49:50,560 --> 00:49:53,799
Speaker 1: pm Eastern. Then we just got word from reports that

828
00:49:53,840 --> 00:49:56,719
Speaker 1: they stepped out of the meeting for a break. But

829
00:49:56,800 --> 00:50:00,600
Speaker 1: they've added a second meeting in two hour is time,

830
00:50:01,200 --> 00:50:05,840
Speaker 1: which is being received as a massive, massive positive step

831
00:50:06,400 --> 00:50:11,480
Speaker 1: on the fiscal stimulus front. Meanwhile, my colleague Mario Parker

832
00:50:11,520 --> 00:50:16,680
Speaker 1: traveling with the President elects motorcade as President Elect Biden

833
00:50:16,800 --> 00:50:21,680
Speaker 1: finishes a rally in Atlanta, Georgia, a campaign style rally

834
00:50:21,719 --> 00:50:26,160
Speaker 1: for the two Senate Democrat or the Democratic Senate candidates

835
00:50:26,200 --> 00:50:31,520
Speaker 1: in the Peach State, Raphael Warnock, Uh and John Assaf

836
00:50:32,360 --> 00:50:36,879
Speaker 1: where he says President elect Biden says that it will

837
00:50:37,080 --> 00:50:43,240
Speaker 1: dramatically impact his ability to govern should Democrats win those

838
00:50:43,280 --> 00:50:46,279
Speaker 1: two seats. I want to bring back into the conversation,

839
00:50:46,360 --> 00:50:49,120
Speaker 1: Boyd Matheson, former chief of staff to Senator Mike Lee,

840
00:50:49,520 --> 00:50:52,200
Speaker 1: now the opinion editor at the Desirette News. Please go

841
00:50:52,239 --> 00:50:57,160
Speaker 1: read his columns. They are largely a political and fascinating reads.

842
00:50:57,280 --> 00:51:00,279
Speaker 1: You can check them out on the Desirete News dot com.

843
00:51:00,360 --> 00:51:03,000
Speaker 1: The Deem el Shami is with us. He is the

844
00:51:03,040 --> 00:51:06,520
Speaker 1: former chief of staff to House Democratic Leader Nancy Pelosi.

845
00:51:06,640 --> 00:51:10,920
Speaker 1: The Deem how much is Georgia going to inform the

846
00:51:11,000 --> 00:51:16,759
Speaker 1: way leadership in both parties negotiates currently in the Lame

847
00:51:16,840 --> 00:51:19,879
Speaker 1: Duck as they finish it out ahead of January and

848
00:51:20,040 --> 00:51:27,520
Speaker 1: also once President elect Biden is sworn in on January. Well,

849
00:51:28,360 --> 00:51:32,640
Speaker 1: they can't wait until January five, when the election is

850
00:51:32,760 --> 00:51:35,080
Speaker 1: over and all likely and it's gonna take a few

851
00:51:35,200 --> 00:51:38,200
Speaker 1: days to find out who the winners are. UM. But

852
00:51:38,600 --> 00:51:43,040
Speaker 1: the deadline that staring the both the both leaders in

853
00:51:43,080 --> 00:51:48,040
Speaker 1: the House UH in the Senate is UH Friday of

854
00:51:48,200 --> 00:51:52,840
Speaker 1: this week. While everyone has dreams of winning both seats

855
00:51:53,480 --> 00:51:57,799
Speaker 1: UM either again in the majority or keeping their majority. Um,

856
00:51:58,800 --> 00:52:01,560
Speaker 1: they really are not thinking about that right now. Boyd

857
00:52:01,680 --> 00:52:05,840
Speaker 1: is absolutely right. What they're thinking about is we have

858
00:52:06,080 --> 00:52:08,719
Speaker 1: to do what's right for the country, and it's a

859
00:52:08,920 --> 00:52:12,440
Speaker 1: it's a good thing to have leaders negotiating with that

860
00:52:13,200 --> 00:52:19,200
Speaker 1: in mind instead of a a political um race or

861
00:52:19,360 --> 00:52:23,520
Speaker 1: political deadline. So, Um, while they could talk about it,

862
00:52:23,719 --> 00:52:26,080
Speaker 1: and we could talk about it, I don't think that's

863
00:52:26,200 --> 00:52:28,799
Speaker 1: entering into the conversation because they really have to make

864
00:52:28,840 --> 00:52:32,160
Speaker 1: a decision tonight. Uh, if we're you know, if if

865
00:52:32,200 --> 00:52:34,960
Speaker 1: they want to vote by Friday in order to be

866
00:52:35,040 --> 00:52:39,120
Speaker 1: able to write to finish the bill, post the legislation,

867
00:52:39,320 --> 00:52:42,640
Speaker 1: everyone to review it and get it on the floors

868
00:52:42,719 --> 00:52:45,759
Speaker 1: and vote on it. So um, I just don't think

869
00:52:45,760 --> 00:52:48,600
Speaker 1: it's into the So if they don't get it tonight,

870
00:52:48,719 --> 00:52:50,719
Speaker 1: just to be clear here, there's no chance that they

871
00:52:50,800 --> 00:52:54,640
Speaker 1: can do this post January fifth, for example, after the

872
00:52:54,880 --> 00:52:59,080
Speaker 1: Georgia runoffs. No, well, no, look, I mean they're gonna

873
00:52:59,120 --> 00:53:01,600
Speaker 1: get it done. I truly believe they're gonna get it

874
00:53:01,680 --> 00:53:04,080
Speaker 1: done before they leave. Right. If they don't get it

875
00:53:04,200 --> 00:53:07,600
Speaker 1: done tonight, um, maybe you could end up with a

876
00:53:07,760 --> 00:53:11,120
Speaker 1: day or two of of a continuing resolution. So the

877
00:53:11,160 --> 00:53:14,840
Speaker 1: government doesn't shut down type of type of action. But

878
00:53:14,960 --> 00:53:17,320
Speaker 1: I do believe they won't get it done. They're not

879
00:53:17,440 --> 00:53:21,640
Speaker 1: gonna wait, they're not gonna go home, Um without a

880
00:53:21,719 --> 00:53:24,680
Speaker 1: piece of legislation being sent to the President that funds

881
00:53:24,760 --> 00:53:27,879
Speaker 1: the government, that deals with COVID, and with some other

882
00:53:27,960 --> 00:53:31,799
Speaker 1: things as well. I think it's too important, um and Uh.

883
00:53:31,880 --> 00:53:35,319
Speaker 1: And having the four leaders in the secretary there, it's Uh.

884
00:53:35,760 --> 00:53:38,160
Speaker 1: It just demonstrates the urgency of the matter, and and

885
00:53:38,239 --> 00:53:41,239
Speaker 1: and the serious of it. You're right. I mean, they've

886
00:53:41,280 --> 00:53:44,040
Speaker 1: talked to each other for four months now, but this

887
00:53:44,280 --> 00:53:47,600
Speaker 1: is it, um and and they realized that. Uh. And

888
00:53:47,680 --> 00:53:50,640
Speaker 1: coming up, we're gonna check in with Congressman Josh Gottheimer,

889
00:53:50,800 --> 00:53:53,320
Speaker 1: the co chairman of the Problem Solvers Caucus. He is

890
00:53:53,320 --> 00:53:56,160
Speaker 1: a Democrat from New Jersey. He is going to call

891
00:53:56,280 --> 00:53:59,719
Speaker 1: us from Capitol Hill. Uh, just in within the next

892
00:54:00,040 --> 00:54:03,160
Speaker 1: ten or so minutes, so we will bring you that interview. Obviously,

893
00:54:03,280 --> 00:54:06,840
Speaker 1: he is at the forefront of these fiscal stimulus negotiations,

894
00:54:06,880 --> 00:54:11,920
Speaker 1: and we will be asking him precisely if he's optimistic

895
00:54:12,000 --> 00:54:16,000
Speaker 1: that a deal gets done tonight. Let's first, though, pivot

896
00:54:16,080 --> 00:54:18,800
Speaker 1: now to what's on the panel's radar, what not this

897
00:54:18,920 --> 00:54:22,400
Speaker 1: and what's on your radar. The one thing that's on

898
00:54:22,520 --> 00:54:25,040
Speaker 1: my scary radar kind of connect with everything we've been

899
00:54:25,080 --> 00:54:29,480
Speaker 1: hitting this hour, is actually what's happening by unanimous consent,

900
00:54:30,120 --> 00:54:33,000
Speaker 1: uh you know. Unanimous consent was was set up as

901
00:54:33,040 --> 00:54:35,520
Speaker 1: a way to move things along, and particularly in the

902
00:54:35,600 --> 00:54:38,240
Speaker 1: Senate where you can name a lot of post offices

903
00:54:38,400 --> 00:54:41,840
Speaker 1: and do you know, low level stuff. But sadly, especially

904
00:54:41,920 --> 00:54:45,040
Speaker 1: at the end of a Congress, it has been become

905
00:54:45,080 --> 00:54:47,719
Speaker 1: a new way. It's kind of the new earmark. It's

906
00:54:47,760 --> 00:54:51,440
Speaker 1: a way to get things through spending and you know,

907
00:54:51,560 --> 00:54:56,080
Speaker 1: big pieces of uh of legislation in a really backhanded,

908
00:54:56,840 --> 00:54:59,800
Speaker 1: behind closed doors kind of way. And so I'm watching

909
00:54:59,840 --> 00:55:02,080
Speaker 1: that really closely. I'm sure that the Deam had a

910
00:55:02,120 --> 00:55:04,280
Speaker 1: few of these experiences to when he was cheapest staff

911
00:55:04,360 --> 00:55:06,200
Speaker 1: that you know, as soon as you hear that you

912
00:55:06,360 --> 00:55:09,440
Speaker 1: see roundup is coming. You just know there's going to

913
00:55:09,480 --> 00:55:11,520
Speaker 1: be stuff in there that you either need to object

914
00:55:11,640 --> 00:55:14,520
Speaker 1: to or buy into or take a lot of heat

915
00:55:14,560 --> 00:55:17,600
Speaker 1: back home for. So that's what I'm watching over the

916
00:55:17,680 --> 00:55:20,400
Speaker 1: next couple of days is what actually gets passed and

917
00:55:20,600 --> 00:55:24,040
Speaker 1: moved through without anybody really reading it, checking in on

918
00:55:24,160 --> 00:55:26,560
Speaker 1: it or having a good debate in front of the

919
00:55:26,600 --> 00:55:30,080
Speaker 1: American people. And that right there is probably the biggest

920
00:55:30,160 --> 00:55:34,239
Speaker 1: difference between the public sector and the private sector, and

921
00:55:34,400 --> 00:55:38,400
Speaker 1: government service and private UH and the private sector is

922
00:55:38,440 --> 00:55:41,799
Speaker 1: that would never happen in in the or a board

923
00:55:41,800 --> 00:55:44,400
Speaker 1: of trustees will be able to ram something through. But

924
00:55:44,600 --> 00:55:50,279
Speaker 1: for whatever reason in our imperfectly perfect union there that

925
00:55:50,520 --> 00:55:55,560
Speaker 1: that you see rule has has driven Democrats and Republicans

926
00:55:55,640 --> 00:55:59,279
Speaker 1: mad for for years. So that's you're absolutely correct. And

927
00:55:59,480 --> 00:56:02,800
Speaker 1: and the and a fog of these upwards of a

928
00:56:02,880 --> 00:56:07,560
Speaker 1: trillion dollar deals, there's always that you see that's tucked away.

929
00:56:08,040 --> 00:56:10,080
Speaker 1: And in this case, in an omnibus and a fiscal

930
00:56:10,120 --> 00:56:14,920
Speaker 1: stimulus negotiation, the deem, what's on your radar? Well, it's uh,

931
00:56:15,480 --> 00:56:17,640
Speaker 1: you actually took something I was going to say, certainly

932
00:56:17,760 --> 00:56:20,960
Speaker 1: the U sees. But another item that's on our radar, though,

933
00:56:21,080 --> 00:56:22,719
Speaker 1: is what else is going to be added to the

934
00:56:22,800 --> 00:56:27,040
Speaker 1: omnivous Appropriations bill along with the COVID relief package or

935
00:56:27,120 --> 00:56:30,160
Speaker 1: other bills have been negotiated, UH, and most of them

936
00:56:30,200 --> 00:56:33,160
Speaker 1: have passed tummytees, But what what other things that Congress

937
00:56:33,239 --> 00:56:35,480
Speaker 1: is going to attempt to do? UM At the end

938
00:56:35,560 --> 00:56:38,400
Speaker 1: of the year via vote that's going to be included

939
00:56:38,440 --> 00:56:41,400
Speaker 1: on this package just because well the rules of the

940
00:56:41,480 --> 00:56:44,000
Speaker 1: SEMIT didn't allow it to happen, or because there wasn't

941
00:56:44,120 --> 00:56:46,279
Speaker 1: enough time in the House. So I think that is

942
00:56:46,360 --> 00:56:49,279
Speaker 1: something to watch. There's going to be some some other

943
00:56:50,080 --> 00:56:53,480
Speaker 1: titles along with those bills that are going to be

944
00:56:53,640 --> 00:56:58,680
Speaker 1: pretty uh chock full of of of bills that will

945
00:56:58,719 --> 00:57:03,000
Speaker 1: finally get to the President's fascinating. But for me, I'm

946
00:57:03,320 --> 00:57:09,000
Speaker 1: I'm really intrigued by the different cultural rollouts and on

947
00:57:09,120 --> 00:57:13,440
Speaker 1: the vaccine effort. There's a harrowing development that emerged on

948
00:57:13,520 --> 00:57:18,480
Speaker 1: the Bloomberg terminal from my colleagues reporting on how the

949
00:57:18,600 --> 00:57:23,560
Speaker 1: Hispanic community has suffered outsized pain in the latest US

950
00:57:23,640 --> 00:57:26,440
Speaker 1: COVID surge. The newest wave of COVID nineteen is inflicting

951
00:57:26,520 --> 00:57:30,200
Speaker 1: outsized pain on Hispanic communities in the United States. Nick

952
00:57:30,280 --> 00:57:34,000
Speaker 1: Corolo reports the seven day average of new cases in

953
00:57:34,120 --> 00:57:38,840
Speaker 1: heavily Hispanic areas became worse in those with smaller such

954
00:57:38,960 --> 00:57:42,600
Speaker 1: populations earlier this month, and the rate broke of record

955
00:57:42,720 --> 00:57:46,840
Speaker 1: every day since December three. This rate is thirty two

956
00:57:47,000 --> 00:57:52,840
Speaker 1: points six percent higher than the national rate. Predominantly Black areas,

957
00:57:53,040 --> 00:57:57,280
Speaker 1: unlike Hispanic areas, have reported below average new cases for

958
00:57:57,480 --> 00:58:00,880
Speaker 1: recent for rates for months uh. And of course this

959
00:58:01,040 --> 00:58:05,120
Speaker 1: underscores the deep persistent inequities in the way that the

960
00:58:05,200 --> 00:58:10,000
Speaker 1: coronavirus has harmed the health and livelihoods of vulnerable groups

961
00:58:10,120 --> 00:58:12,520
Speaker 1: that very much should be on the minds of all

962
00:58:12,600 --> 00:58:17,520
Speaker 1: of us. And then there's this this interesting development internationally

963
00:58:18,080 --> 00:58:22,520
Speaker 1: on the vaccine rollout. This coming from Indonesia, and my

964
00:58:22,640 --> 00:58:27,440
Speaker 1: colleagues report Indonesia plans to vaccinate it's young working age

965
00:58:27,560 --> 00:58:32,160
Speaker 1: population against the coronavirus before the elderly, in contrast to

966
00:58:32,280 --> 00:58:35,920
Speaker 1: the rest of the world. We check in with Congressman

967
00:58:36,000 --> 00:58:39,720
Speaker 1: Josh Gottheimer. Coming up next, I'm Kevin Cirelli. This is

968
00:58:39,760 --> 00:58:45,800
Speaker 1: Bloomberg nine and nine one. When we're off together dancing Chief,

969
00:58:48,680 --> 00:58:52,120
Speaker 1: you're listening to Bloomberg Sound on with Kevin sirelate on

970
00:58:52,240 --> 00:58:55,720
Speaker 1: Bloomberg and one old five point seven f M h

971
00:58:55,840 --> 00:58:59,800
Speaker 1: D two. I'm Kevin Cirelli, Chief Washington correspondent for Bloomberg

972
00:58:59,840 --> 00:59:04,840
Speaker 1: tell Levision and for Bloomberg Radio. Headline crossing my Bloomberg terminal.

973
00:59:04,880 --> 00:59:09,680
Speaker 1: President elect Joe Biden plans to tap Jennifer Granholm for

974
00:59:09,960 --> 00:59:15,200
Speaker 1: energy Secretary, citing dal Jones. Meanwhile, House Minority Leader Kevin

975
00:59:15,240 --> 00:59:19,520
Speaker 1: McCarthy said congressional leaders will reconvene at seven thirty pm

976
00:59:19,640 --> 00:59:23,800
Speaker 1: this evening to continue discussing COVID nineteen relief and a

977
00:59:23,880 --> 00:59:27,960
Speaker 1: crucial government spending package. McCarthy met with senatece Democratic Leader

978
00:59:28,040 --> 00:59:31,080
Speaker 1: Chuck Schumer. How Speaker Nancy Pelosi sent a Majority Leader

979
00:59:31,120 --> 00:59:35,480
Speaker 1: Mitch McConnell and Treasury Secretary Stephen Manutian. The group continuing

980
00:59:35,600 --> 00:59:39,560
Speaker 1: to try to finalize coronavirus aid to attach to the

981
00:59:39,720 --> 00:59:45,240
Speaker 1: spending bills before funding for federal agencies runs out Friday

982
00:59:45,440 --> 00:59:49,120
Speaker 1: at midnight. It comes less than twenty four hours after

983
00:59:49,320 --> 00:59:53,480
Speaker 1: the Problem Solvers Caucus, a group of bipartisan lawmakers co

984
00:59:53,640 --> 00:59:57,680
Speaker 1: chaired by my next guest, Congressman Josh Gottheimer, Democrat from

985
00:59:57,720 --> 01:00:01,520
Speaker 1: New Jersey, unveiled a bypa art Is in proposal. Congressman,

986
01:00:01,600 --> 01:00:05,480
Speaker 1: thank you for joining us. Are you optimistic? Is this

987
01:00:05,680 --> 01:00:09,160
Speaker 1: a sign of optimism that the leadership is going to

988
01:00:09,240 --> 01:00:13,520
Speaker 1: be reconvening in about ninety minutes? What will get done?

989
01:00:15,160 --> 01:00:17,840
Speaker 1: I think this is certainly a sign of this is

990
01:00:17,880 --> 01:00:20,360
Speaker 1: good news, and we could do some good news right now.

991
01:00:21,080 --> 01:00:23,520
Speaker 1: We've we've got to get this done before we go

992
01:00:23,640 --> 01:00:27,680
Speaker 1: home for the holidays. And you know, frankly, it's it's

993
01:00:27,720 --> 01:00:32,120
Speaker 1: been a long haul, months and months of of waiting,

994
01:00:32,160 --> 01:00:35,040
Speaker 1: and I think the country has finally made clear to

995
01:00:35,880 --> 01:00:39,240
Speaker 1: everyone that they're sick and tired and then demanding action.

996
01:00:39,360 --> 01:00:41,800
Speaker 1: And so I'm glad. I'm glad it seems like the

997
01:00:41,920 --> 01:00:45,960
Speaker 1: thoughts finally occurring here, Congressman, from your perspective when you

998
01:00:46,120 --> 01:00:50,440
Speaker 1: talk to your Democratic colleagues. The media has widely reported

999
01:00:50,520 --> 01:00:53,800
Speaker 1: this issue of aid to state and local governments as

1000
01:00:53,880 --> 01:00:56,920
Speaker 1: the major sticking point, But dive into the weeds with me,

1001
01:00:57,000 --> 01:01:02,400
Speaker 1: because it's much more complex than that. So I've co

1002
01:01:02,600 --> 01:01:04,720
Speaker 1: chair a group called the Problem Service Pocus. As you mentioned,

1003
01:01:04,760 --> 01:01:08,040
Speaker 1: it's Democrats and twenty five Republicans. We've spent really the

1004
01:01:08,120 --> 01:01:11,400
Speaker 1: last six weeks or so with a group of Senators

1005
01:01:11,760 --> 01:01:14,200
Speaker 1: bipartisan as well. So you're talking about the House and

1006
01:01:14,280 --> 01:01:19,240
Speaker 1: Senate getting together, uh for daily calls for literally the

1007
01:01:19,360 --> 01:01:22,280
Speaker 1: last weeks to try to find common ground. You know,

1008
01:01:22,400 --> 01:01:25,800
Speaker 1: we we put out a nine eight billion dollar framework

1009
01:01:26,040 --> 01:01:29,600
Speaker 1: for a package which covers everything from unemployment insurance extension

1010
01:01:30,360 --> 01:01:33,160
Speaker 1: to helping our small businesses with on the round of

1011
01:01:33,240 --> 01:01:36,400
Speaker 1: P P P to ensuring that we have food support

1012
01:01:36,520 --> 01:01:39,320
Speaker 1: for those who are hungry, and support for our schools

1013
01:01:39,440 --> 01:01:43,760
Speaker 1: and UH and for UH for rental payments. It really

1014
01:01:44,400 --> 01:01:48,440
Speaker 1: is a short term emergency relief package, very focused to

1015
01:01:48,480 --> 01:01:50,400
Speaker 1: get us through the first quarter of next year. The

1016
01:01:50,480 --> 01:01:53,200
Speaker 1: package I think you're going to see, UM I hope

1017
01:01:53,320 --> 01:01:56,120
Speaker 1: come out of leadership discussions is very similar to that.

1018
01:01:56,640 --> 01:02:00,280
Speaker 1: The one piece that's been UH contentious for the last

1019
01:02:00,360 --> 01:02:04,240
Speaker 1: weeks in these discussions has been the state local support

1020
01:02:04,320 --> 01:02:07,480
Speaker 1: for local governments to help our teachers, are firefighters, UH,

1021
01:02:07,920 --> 01:02:10,640
Speaker 1: law enforcement and many of our states, you know, and

1022
01:02:10,720 --> 01:02:13,160
Speaker 1: local governments are facing a very tough time now with

1023
01:02:13,320 --> 01:02:17,080
Speaker 1: shortfalls and revenue and with high COVID expenditures. UM some

1024
01:02:17,280 --> 01:02:19,520
Speaker 1: states much more than others, and that's where the rub

1025
01:02:19,640 --> 01:02:22,480
Speaker 1: has come in. UM A lot of red states don't

1026
01:02:22,480 --> 01:02:24,880
Speaker 1: want to do more resources for state and local governments.

1027
01:02:25,240 --> 01:02:27,560
Speaker 1: So what they've said is if you want that support,

1028
01:02:27,840 --> 01:02:29,520
Speaker 1: if you want to help stale of governments, and we

1029
01:02:29,600 --> 01:02:32,040
Speaker 1: put down a hundred sixty billion dollars for a short

1030
01:02:32,160 --> 01:02:37,280
Speaker 1: term emergency down payment relief. They wanted some liability, more

1031
01:02:37,360 --> 01:02:41,200
Speaker 1: liability reforms to have liability protections and shield for some

1032
01:02:41,440 --> 01:02:45,400
Speaker 1: of cases that they believe will be coming up. So

1033
01:02:46,000 --> 01:02:48,520
Speaker 1: that that's been the last sticking point to get the

1034
01:02:48,520 --> 01:02:51,400
Speaker 1: state local dollars that Republicans said, and something Miss McConnell

1035
01:02:51,400 --> 01:02:54,280
Speaker 1: has pushed for for months, that we want liability protection,

1036
01:02:54,360 --> 01:02:57,760
Speaker 1: liability shields UM. We many of us have been working

1037
01:02:58,960 --> 01:03:01,800
Speaker 1: for the last week as well to find a bipartisan

1038
01:03:01,840 --> 01:03:04,640
Speaker 1: compromise there. It's tough, it's very tough. You want to

1039
01:03:04,680 --> 01:03:08,840
Speaker 1: make sure that you allow you protect good actors and

1040
01:03:08,960 --> 01:03:12,200
Speaker 1: small businesses and nonprofits, but those who have been bad

1041
01:03:12,240 --> 01:03:13,920
Speaker 1: actors and not done the right thing, make sure that

1042
01:03:14,000 --> 01:03:16,520
Speaker 1: they don't get off scott free and and and that's

1043
01:03:16,600 --> 01:03:19,480
Speaker 1: really been the challenge getting past that. So what we

1044
01:03:19,640 --> 01:03:23,840
Speaker 1: ultimately might look at this ultimate package, I believe will well,

1045
01:03:24,040 --> 01:03:26,440
Speaker 1: if we can't get there on state and local and liability,

1046
01:03:26,760 --> 01:03:29,320
Speaker 1: will be somewhere in the neighborhood. I think of seven

1047
01:03:29,400 --> 01:03:32,200
Speaker 1: hund fifty billion dollar based on what we had negotiated

1048
01:03:32,280 --> 01:03:35,040
Speaker 1: as a bipartisan by Camel Group. Plus I think there's

1049
01:03:35,040 --> 01:03:38,080
Speaker 1: a decent chance that direct checks are added to that

1050
01:03:38,520 --> 01:03:41,040
Speaker 1: UM and uh that's something the President who has wanted,

1051
01:03:41,680 --> 01:03:44,000
Speaker 1: So that might be ultimately where this goes, It'll be

1052
01:03:44,160 --> 01:03:46,360
Speaker 1: It'll be interesting to see what happens in the next hours.

1053
01:03:46,600 --> 01:03:50,000
Speaker 1: Congressman Josh Gottheimer's with us, a Democrat from New Jersey,

1054
01:03:50,600 --> 01:03:53,760
Speaker 1: co chairman of the Problem Solvers Caucus, a bipartisan group

1055
01:03:53,800 --> 01:03:57,400
Speaker 1: of lawmakers. How was the How was the Problem Solvers

1056
01:03:57,480 --> 01:04:01,439
Speaker 1: Caucus able to get a threat should number, a price tig,

1057
01:04:01,600 --> 01:04:05,720
Speaker 1: a price tag, top line number, seemingly while leadership in

1058
01:04:05,800 --> 01:04:08,840
Speaker 1: both parties were not able to do it? Is it because?

1059
01:04:09,720 --> 01:04:16,080
Speaker 1: Is it because the notion of your caucus is by partisanship? Well,

1060
01:04:16,560 --> 01:04:18,800
Speaker 1: you know, it's an amazing thing that can happen when

1061
01:04:18,840 --> 01:04:20,840
Speaker 1: you actually spend time with each other, get to know

1062
01:04:20,960 --> 01:04:23,240
Speaker 1: one another, talk to one another, and listen to one

1063
01:04:23,240 --> 01:04:25,040
Speaker 1: another and build that trust. Right. I mean, it's like

1064
01:04:25,120 --> 01:04:28,600
Speaker 1: everything in life, it's about relationships and um and you

1065
01:04:28,720 --> 01:04:31,200
Speaker 1: understand it's also I have to interrupt, It's also an

1066
01:04:31,280 --> 01:04:35,440
Speaker 1: understanding of wanting to work together and not looking at

1067
01:04:35,480 --> 01:04:38,800
Speaker 1: it respective. Yeah, it's not. I can't. Everything can't be

1068
01:04:38,880 --> 01:04:40,560
Speaker 1: it you have to. But the whole point is, as

1069
01:04:40,600 --> 01:04:42,760
Speaker 1: you don't in any negotiation, it can't be that you

1070
01:04:43,080 --> 01:04:45,800
Speaker 1: insist on or nothing. Right if you say I'm gonna

1071
01:04:45,840 --> 01:04:47,880
Speaker 1: get I only got to do a deal. Everything. I

1072
01:04:48,000 --> 01:04:50,840
Speaker 1: get it's impossible. You at you also can't just go

1073
01:04:50,880 --> 01:04:52,560
Speaker 1: out every name, beat each other up in public and

1074
01:04:52,560 --> 01:04:55,560
Speaker 1: tweet nasty things and and go on cable television reality

1075
01:04:55,600 --> 01:04:58,360
Speaker 1: trust and say that you actually have to work together.

1076
01:04:58,640 --> 01:05:01,960
Speaker 1: That's how this and I believe frankly, this model, especially

1077
01:05:01,960 --> 01:05:04,720
Speaker 1: because we're gonna have a very slim majority in both

1078
01:05:04,760 --> 01:05:08,360
Speaker 1: houses regardless where it goes of Congress, uh in in

1079
01:05:08,520 --> 01:05:10,680
Speaker 1: the in the new year. That's the only way we're

1080
01:05:10,680 --> 01:05:12,640
Speaker 1: gonna able to get things done. And but to get

1081
01:05:12,720 --> 01:05:16,200
Speaker 1: Joe Biden's agenda implemented is if we're willing to actually

1082
01:05:16,400 --> 01:05:19,280
Speaker 1: work together the country. I had a party, Well, I

1083
01:05:19,400 --> 01:05:22,400
Speaker 1: think this. I wanted to bring this up. Congressman gottheimer

1084
01:05:22,520 --> 01:05:27,760
Speaker 1: because I remember when President elect Biden spoke in Delaware

1085
01:05:28,000 --> 01:05:32,040
Speaker 1: after he won the state of Pennsylvania, and he gave

1086
01:05:32,160 --> 01:05:35,600
Speaker 1: that address and said that he believed that he had

1087
01:05:35,640 --> 01:05:38,840
Speaker 1: a quote mandate that the American people rather had elected

1088
01:05:39,240 --> 01:05:43,680
Speaker 1: Congress and he himself president with a quote mandate to

1089
01:05:44,080 --> 01:05:49,600
Speaker 1: cooperate end quote mandate to cooperate. And there was chatter

1090
01:05:49,760 --> 01:05:54,480
Speaker 1: before that speech of progressives and conservatives spinning the results

1091
01:05:54,640 --> 01:05:57,800
Speaker 1: saying that they had the upper hand, that conservatives one big,

1092
01:05:58,320 --> 01:06:00,840
Speaker 1: or that progressives one big, and that the party was

1093
01:06:00,920 --> 01:06:03,000
Speaker 1: moving to the left and that the Republican Party is

1094
01:06:03,000 --> 01:06:05,320
Speaker 1: moving to the right. The President elect got up there

1095
01:06:05,320 --> 01:06:07,880
Speaker 1: and said no, no, no, no no. He acknowledged that

1096
01:06:07,960 --> 01:06:12,120
Speaker 1: Republicans made gains in the House. He acknowledged that Democrats

1097
01:06:12,440 --> 01:06:16,680
Speaker 1: were closing, closing the majority in the Senate, and said

1098
01:06:16,720 --> 01:06:20,280
Speaker 1: a mandate to cooperate. I bring this up from your

1099
01:06:20,360 --> 01:06:23,720
Speaker 1: perspective as a politician. Do you feel that in this

1100
01:06:23,880 --> 01:06:30,280
Speaker 1: administration that the consensus builders, that the bipartisanship minded policymakers

1101
01:06:30,600 --> 01:06:34,640
Speaker 1: have more political capital now heading into a new administration.

1102
01:06:36,000 --> 01:06:38,400
Speaker 1: I do, and I as you too. I think that's

1103
01:06:38,400 --> 01:06:40,520
Speaker 1: a great quote you brought up. And he also talked

1104
01:06:40,520 --> 01:06:42,560
Speaker 1: about unity that night, and we've got to come together

1105
01:06:42,640 --> 01:06:45,920
Speaker 1: as a country. And I think after this great division

1106
01:06:45,960 --> 01:06:49,439
Speaker 1: of these last years and frankly beyond these left four years,

1107
01:06:49,560 --> 01:06:53,880
Speaker 1: but people are exhausted. They want us to actually govern,

1108
01:06:54,040 --> 01:06:57,160
Speaker 1: and they're sick and tired of years going by where

1109
01:06:57,320 --> 01:07:00,400
Speaker 1: they need help. They need they need us do our

1110
01:07:00,520 --> 01:07:03,520
Speaker 1: jobs and and frankly all they get is a lot

1111
01:07:03,560 --> 01:07:07,680
Speaker 1: of noise and division. So I think Joe Biden is

1112
01:07:07,720 --> 01:07:10,000
Speaker 1: exactly the right person to bring us together. I think

1113
01:07:10,000 --> 01:07:12,160
Speaker 1: he's putting a cabinet place that can bring us together.

1114
01:07:12,720 --> 01:07:15,080
Speaker 1: And it's going to be up to us in Congress

1115
01:07:15,360 --> 01:07:18,400
Speaker 1: to make sure we live up to that. And that's

1116
01:07:18,400 --> 01:07:21,120
Speaker 1: again what gets back to the point where I believe

1117
01:07:21,480 --> 01:07:24,880
Speaker 1: the way to govern and get things done and the

1118
01:07:24,960 --> 01:07:28,360
Speaker 1: new Congress will be to do a common sense ideas

1119
01:07:28,520 --> 01:07:32,480
Speaker 1: and be for us to actually Democrats and Republicans to

1120
01:07:32,520 --> 01:07:35,280
Speaker 1: sit at the table together, because if we don't, nothing

1121
01:07:35,360 --> 01:07:37,800
Speaker 1: will get done. It's and and and that is the

1122
01:07:37,920 --> 01:07:40,280
Speaker 1: only recipe for success. I know not everyone on the

1123
01:07:40,320 --> 01:07:42,240
Speaker 1: far left of the far right's gonna like that. I

1124
01:07:42,360 --> 01:07:44,120
Speaker 1: get it. They're gonna want to scream and yell and

1125
01:07:44,600 --> 01:07:47,760
Speaker 1: go the same old division. But I just think that

1126
01:07:47,840 --> 01:07:51,240
Speaker 1: that's the past, all right. Congressman Josh Gadheimer, thank you,

1127
01:07:51,320 --> 01:07:53,480
Speaker 1: sir for for the time. He of course, is the

1128
01:07:53,560 --> 01:07:55,600
Speaker 1: Democrat from New Jersey and the co chairman of the

1129
01:07:55,600 --> 01:07:59,040
Speaker 1: Bipartisan Problem Solvers Caucus. Tomorrow we check in with Senator

1130
01:07:59,080 --> 01:08:02,320
Speaker 1: Bob Casey, a Democrat from Pennsylvania. My thanks to the

1131
01:08:02,320 --> 01:08:04,440
Speaker 1: panelist as well as to the Congressman Boy Math. This

1132
01:08:04,480 --> 01:08:07,720
Speaker 1: is indad email Shami and Congressman Godheimer. I'm Kevin's really

1133
01:08:08,160 --> 01:08:10,920
Speaker 1: stay safe out there, Chief Washington correspondent for Bloomber TV

1134
01:08:11,000 --> 01:08:12,600
Speaker 1: and radio. This is Bloomberg nine one