1 00:00:01,520 --> 00:00:06,240 Speaker 1: Now from our nation's capital. This is Bloomberg Sound On. 2 00:00:07,320 --> 00:00:11,239 Speaker 1: This is the first time since that you've had the 3 00:00:11,280 --> 00:00:14,040 Speaker 1: Judiciary Committee deadlock on a vote like this. These things 4 00:00:14,120 --> 00:00:17,280 Speaker 1: are intensely political for the one moment that they shine 5 00:00:17,320 --> 00:00:21,439 Speaker 1: bright as Bloomberg Sound On Politics, Policy at Prospective from 6 00:00:21,520 --> 00:00:27,040 Speaker 1: DC's top Names. The apparent massacre of Sudan's Google hits 7 00:00:27,200 --> 00:00:30,360 Speaker 1: the pattern of Russia's conduct before, from the beginning the 8 00:00:30,440 --> 00:00:33,280 Speaker 1: days of borroing money from the Treasury to pay for 9 00:00:33,360 --> 00:00:36,920 Speaker 1: trillions of dollars at COVID relief for over Bloomberg Sound 10 00:00:36,960 --> 00:00:41,600 Speaker 1: On with Joe Matthew on Bloomberg Radio. I've had a 11 00:00:41,640 --> 00:00:44,400 Speaker 1: lot to cover today. I'm Jack Fitzpatrick here with my 12 00:00:44,440 --> 00:00:48,320 Speaker 1: Bloomberg Government polleague Emily Wilkins. We are in for Joe 13 00:00:48,400 --> 00:00:52,240 Speaker 1: today in his stead, We're going to talk about Ukrainian 14 00:00:52,240 --> 00:00:55,520 Speaker 1: President Vladimir Zelinsky pleading for peace in an address to 15 00:00:55,560 --> 00:01:00,520 Speaker 1: the United Nations Security Council. Meanwhile, Senators are struggling just 16 00:01:00,680 --> 00:01:03,200 Speaker 1: this afternoon to move ahead on a ten billion dollar 17 00:01:03,360 --> 00:01:07,160 Speaker 1: COVID bill. There's also a special election today. It's election 18 00:01:07,240 --> 00:01:10,000 Speaker 1: day in California, at least to replace former Congressman Devin 19 00:01:10,120 --> 00:01:13,240 Speaker 1: noonez uh and yes in big news, the Capitol police 20 00:01:13,280 --> 00:01:15,720 Speaker 1: caught that fox that was running around on Capitol film 21 00:01:15,760 --> 00:01:18,280 Speaker 1: fighting people. We got a lot to talk about. We're 22 00:01:18,319 --> 00:01:22,720 Speaker 1: gonna bring in Congressman Ken Calvert from from California. Gregg Jero, 23 00:01:22,880 --> 00:01:26,000 Speaker 1: Bloomberg Government's elections reporter, is going to join us. Bill McGinley, 24 00:01:26,000 --> 00:01:28,440 Speaker 1: who's a principal at the Vogel Group and previously was 25 00:01:28,760 --> 00:01:32,600 Speaker 1: White House Cabinet secretary, as well as Bloomberg Politics contributor 26 00:01:32,760 --> 00:01:36,720 Speaker 1: Jeanie she and Zano. Obviously, the top issue dominating Washington's 27 00:01:36,800 --> 00:01:39,920 Speaker 1: attention right now is still the war in Ukraine, and 28 00:01:40,000 --> 00:01:45,039 Speaker 1: Ukrainian President Vladimir Zelinski addressed the United Nations Security Council 29 00:01:45,120 --> 00:01:47,560 Speaker 1: today to tea things off. Let's listen to what he 30 00:01:47,600 --> 00:01:52,600 Speaker 1: had to say. The Russian military and those who gave 31 00:01:52,680 --> 00:01:57,040 Speaker 1: them orders must be brought to justice immediately for war 32 00:01:57,680 --> 00:02:01,600 Speaker 1: crimes in Ukraine. Show all the other potential war criminals 33 00:02:01,600 --> 00:02:05,720 Speaker 1: in the world how they will be punished. If the 34 00:02:05,840 --> 00:02:11,640 Speaker 1: biggest one is spanished, then everyone is spunished. That was 35 00:02:11,720 --> 00:02:16,280 Speaker 1: the translator for Ukrainian President Vladimir z Alinsky addressing the 36 00:02:16,360 --> 00:02:20,640 Speaker 1: United Nations Security Council. Now let's bring in Congressman Ken Calvert. 37 00:02:20,680 --> 00:02:23,520 Speaker 1: He's a Republican from California. Really wanted to have him 38 00:02:23,560 --> 00:02:26,239 Speaker 1: on the show, especially because he is the top Republican 39 00:02:26,520 --> 00:02:29,960 Speaker 1: for defense appropriations in the House. UH, and that's a 40 00:02:30,040 --> 00:02:34,360 Speaker 1: major issue broadly and specifically with an eye on Ukraine. Congressman, 41 00:02:34,480 --> 00:02:37,520 Speaker 1: very grateful to have you on with us today. Let's 42 00:02:37,560 --> 00:02:40,560 Speaker 1: begin with with I guess one of the broader issues 43 00:02:40,720 --> 00:02:44,520 Speaker 1: in Ukraine. The President has has touched on the idea 44 00:02:44,560 --> 00:02:48,600 Speaker 1: of war crimes being committed. That's something the Ukrainian President 45 00:02:48,639 --> 00:02:51,480 Speaker 1: has talked about before we get into the funding and 46 00:02:51,520 --> 00:02:55,360 Speaker 1: the mechanism of what Congress does. Do you believe based 47 00:02:55,360 --> 00:02:58,520 Speaker 1: on what you've seen, war crimes is an appropriate phrase? 48 00:02:58,560 --> 00:03:00,880 Speaker 1: And if so, what does the US do? What's our 49 00:03:00,960 --> 00:03:05,480 Speaker 1: response from the US? Yes, war crimes have taken place. 50 00:03:05,520 --> 00:03:08,680 Speaker 1: I think they're accumulating the evidence. Ukrainian prosecutors at the 51 00:03:08,680 --> 00:03:12,320 Speaker 1: present time or are carefully accumulating evidence to make their 52 00:03:12,360 --> 00:03:16,840 Speaker 1: case that war crimes were committed in Ukraine. And I 53 00:03:16,880 --> 00:03:20,440 Speaker 1: think that that those who are responsible, everyone who is 54 00:03:20,520 --> 00:03:25,360 Speaker 1: responsible should be exposed and uh potentially put on trial 55 00:03:25,360 --> 00:03:29,360 Speaker 1: at the HEYG. So when it comes to congressional action. 56 00:03:29,800 --> 00:03:32,720 Speaker 1: A little while back, Senators Lindsey Graham and Chris Murphy 57 00:03:32,760 --> 00:03:36,240 Speaker 1: spoke a bit about how the last bill providing resources 58 00:03:36,280 --> 00:03:39,240 Speaker 1: to Ukraine was really more of a down payment in 59 00:03:39,280 --> 00:03:43,520 Speaker 1: their view. Do you see another Ukraine bill coming or 60 00:03:43,560 --> 00:03:48,120 Speaker 1: what should we look for from Congress in the weeks ahead. Well, 61 00:03:48,160 --> 00:03:51,720 Speaker 1: you know, we passed a pretty extensive bill, but we're 62 00:03:51,720 --> 00:03:54,600 Speaker 1: spending quite a bit of money. It included thirteen point 63 00:03:54,640 --> 00:04:00,440 Speaker 1: three six billion in military, economic, and humanitary assistance to Ukraine. However, 64 00:04:00,440 --> 00:04:03,680 Speaker 1: they're burning through that ammunition very rapidly and they're using 65 00:04:03,680 --> 00:04:08,120 Speaker 1: it's a great effect. Obviously the Javelin missile, which has 66 00:04:08,160 --> 00:04:10,800 Speaker 1: been very effective in taking out tank stingers which have 67 00:04:10,840 --> 00:04:14,640 Speaker 1: been taking out helicopters and the low flying aircraft. The 68 00:04:14,640 --> 00:04:16,960 Speaker 1: switch blades, which we don't have a lot of, but 69 00:04:17,880 --> 00:04:20,400 Speaker 1: it's very effective weapon. Both the switch blade two hundred 70 00:04:20,400 --> 00:04:24,239 Speaker 1: and six which six D will take out armor. Um, 71 00:04:24,279 --> 00:04:28,920 Speaker 1: but we need to do more, and they the Ukrainians 72 00:04:28,960 --> 00:04:31,520 Speaker 1: are not asking for us to go fight their war. 73 00:04:31,600 --> 00:04:33,800 Speaker 1: They're just asking for the material to or they can 74 00:04:33,839 --> 00:04:37,120 Speaker 1: defeat Russia. You know, Congressman, we we keep hearing and 75 00:04:37,160 --> 00:04:39,800 Speaker 1: it does seem like there's a lot of bipartisan support 76 00:04:39,960 --> 00:04:43,640 Speaker 1: for Ukraine and to do more. So, what are sort 77 00:04:43,680 --> 00:04:48,320 Speaker 1: of the the outlook right now on providing funding to Ukraine, 78 00:04:48,440 --> 00:04:52,200 Speaker 1: on providing missiles and weapons to Ukraine, on providing humanitarian 79 00:04:52,279 --> 00:04:55,040 Speaker 1: aid to Ukraine? I mean, is this something that that 80 00:04:55,120 --> 00:04:57,880 Speaker 1: Congress you know, needs to be regularly moving on various 81 00:04:57,920 --> 00:05:00,800 Speaker 1: bills once a month or so. What the sort of 82 00:05:00,839 --> 00:05:04,159 Speaker 1: long term plan here? Well, we're keeping a very close 83 00:05:04,200 --> 00:05:06,640 Speaker 1: eye on this. Obviously we just did a substantial amount 84 00:05:06,640 --> 00:05:11,160 Speaker 1: of money. Will be looking at this very carefully. What 85 00:05:11,160 --> 00:05:14,760 Speaker 1: what we can send in and what can be effectively used. Uh. 86 00:05:15,000 --> 00:05:19,560 Speaker 1: The Russians obviously are not doing well. They are retreating 87 00:05:19,600 --> 00:05:23,360 Speaker 1: back to the eastern part of the country where the 88 00:05:23,480 --> 00:05:27,880 Speaker 1: Ukrainians are continuing to attack very effectively as they move 89 00:05:27,960 --> 00:05:32,000 Speaker 1: back or some people call retreat, but they're not done yet. 90 00:05:32,080 --> 00:05:36,400 Speaker 1: And I suspect the Russians will regroup and uh, and 91 00:05:36,720 --> 00:05:39,640 Speaker 1: this is going to go on for some time. So yes, 92 00:05:39,680 --> 00:05:42,360 Speaker 1: we're gonna have to reevaluate you know what we're going 93 00:05:42,400 --> 00:05:45,680 Speaker 1: to need to spend. We cannot allow Russia to prevail. 94 00:05:46,920 --> 00:05:50,120 Speaker 1: Uh in and basically taking offensive action against the peaceful 95 00:05:50,200 --> 00:05:54,719 Speaker 1: nation two for political purposes. That's that cannot be allowed 96 00:05:55,520 --> 00:05:59,160 Speaker 1: on broader defense issues. Congressmen, there's a lot of pushback 97 00:05:59,200 --> 00:06:01,560 Speaker 1: from a number of Republicans in the House and Senate. 98 00:06:01,600 --> 00:06:06,440 Speaker 1: When the President President Biden called for eight billion dollars 99 00:06:06,560 --> 00:06:10,560 Speaker 1: in defense related funding for fiscale and his budget requests, 100 00:06:10,560 --> 00:06:14,880 Speaker 1: that's about a four percent increase. A number of Republicans. 101 00:06:14,880 --> 00:06:19,440 Speaker 1: Senator in Hoff on Armed Services, a variety of Republicans 102 00:06:19,520 --> 00:06:22,640 Speaker 1: who support military funding called for a much higher number. 103 00:06:22,680 --> 00:06:25,159 Speaker 1: Some of them said this should probably go five percent 104 00:06:25,320 --> 00:06:27,760 Speaker 1: beyond the rate of inflation. If I'm looking at the 105 00:06:27,800 --> 00:06:31,640 Speaker 1: Bloomberg terminal now, I see the average of recent forecast 106 00:06:31,760 --> 00:06:34,320 Speaker 1: for two is about six percent. I mean, are we 107 00:06:34,360 --> 00:06:37,560 Speaker 1: talking about Republicans pushing for something like an eleven percent 108 00:06:37,960 --> 00:06:41,520 Speaker 1: UH defense funding booster or what's what's your ballpark figure 109 00:06:41,560 --> 00:06:44,240 Speaker 1: that you want to see for defense related funds in 110 00:06:44,440 --> 00:06:48,839 Speaker 1: fiscal Well. General Mattie laid down the National Defense Strategy 111 00:06:49,120 --> 00:06:53,120 Speaker 1: UH during the previous administration, where we would have a 112 00:06:53,160 --> 00:06:56,240 Speaker 1: credible defense, we need to have a net increase of 113 00:06:56,279 --> 00:07:00,240 Speaker 1: three to five above inflation. So if core inflation, say 114 00:07:00,320 --> 00:07:02,560 Speaker 1: is it's six percent, we should be at a minimum 115 00:07:02,640 --> 00:07:08,039 Speaker 1: nine percent in order to maintain a credible defense and 116 00:07:08,360 --> 00:07:11,560 Speaker 1: to make sure that we have enough ships, enough planes, 117 00:07:12,000 --> 00:07:14,720 Speaker 1: enough equipment, and to maintain a high quality of life 118 00:07:14,720 --> 00:07:16,120 Speaker 1: for the men and women to serve in the United 119 00:07:16,160 --> 00:07:19,080 Speaker 1: States military. UH, And the four percent is not going 120 00:07:19,120 --> 00:07:22,000 Speaker 1: to cut it. And UH, we're making it very clear 121 00:07:22,120 --> 00:07:24,240 Speaker 1: that that's you know, that's not going to be acceptable, 122 00:07:24,320 --> 00:07:28,440 Speaker 1: just as it wasn't acceptable in the last budget, where 123 00:07:28,480 --> 00:07:31,280 Speaker 1: we UH said, look, we're going to have to lower 124 00:07:31,480 --> 00:07:35,880 Speaker 1: non defense discretionary spending, raise defense, UH, and make sure 125 00:07:35,920 --> 00:07:39,840 Speaker 1: that there's not any writers or removal of languages have 126 00:07:39,960 --> 00:07:43,960 Speaker 1: been committed in the appropriation bills in the past. Well, 127 00:07:44,000 --> 00:07:48,760 Speaker 1: in the talks, appropriators at the highest level kind of 128 00:07:48,840 --> 00:07:51,960 Speaker 1: left that discussion on just the basics of how much 129 00:07:51,960 --> 00:07:55,440 Speaker 1: do we spend on defense and non defense until months 130 00:07:55,480 --> 00:07:58,480 Speaker 1: after the deadline it came to bipartisan bi cameral talks. 131 00:07:58,520 --> 00:08:02,600 Speaker 1: What is the outlook on settling on a realistic defense 132 00:08:02,720 --> 00:08:06,000 Speaker 1: number and having it have bipartisan support? Are things moving 133 00:08:06,040 --> 00:08:09,600 Speaker 1: along in Congress? Look, everybody in this town knows that 134 00:08:09,800 --> 00:08:12,800 Speaker 1: the defense number has to go up and the non 135 00:08:12,840 --> 00:08:15,240 Speaker 1: defense has to come down. And let's get to it, 136 00:08:15,320 --> 00:08:20,360 Speaker 1: and let's pass these appropriation bills on time. Continuing resolutions 137 00:08:20,400 --> 00:08:23,960 Speaker 1: cost us a tremendous amount of money. I think people 138 00:08:23,960 --> 00:08:27,440 Speaker 1: in America don't realize the billions of dollars were wasted 139 00:08:27,960 --> 00:08:30,840 Speaker 1: because we're operating the United the largest enterprise in the world, 140 00:08:30,960 --> 00:08:35,760 Speaker 1: United States Military under a continuing resolution. So hopefully we 141 00:08:35,800 --> 00:08:38,640 Speaker 1: can get these bills done on time, uh, for the 142 00:08:38,679 --> 00:08:40,760 Speaker 1: good of the taxpayer and for the good of our 143 00:08:40,760 --> 00:08:43,960 Speaker 1: own national security. Congressman, I want to ask you a 144 00:08:44,000 --> 00:08:47,280 Speaker 1: little bit about the COVID nineteen funding package that's going 145 00:08:47,320 --> 00:08:51,120 Speaker 1: through the Senate that ten billion dollars for vaccines, for medications, 146 00:08:51,160 --> 00:08:53,640 Speaker 1: a lot of preventative care. I mean, this is something 147 00:08:53,679 --> 00:08:56,880 Speaker 1: that you have seen Republicans support on in the Senate. 148 00:08:57,400 --> 00:09:01,040 Speaker 1: Do you will you and will your colleague be supporting 149 00:09:01,080 --> 00:09:04,719 Speaker 1: this if that bill comes to the House, Well you don't. 150 00:09:04,720 --> 00:09:06,839 Speaker 1: Why don't see the final language on that. I know 151 00:09:07,920 --> 00:09:12,400 Speaker 1: Romney and others have negotiated this bill. Supposedly it's an offset. 152 00:09:13,080 --> 00:09:15,720 Speaker 1: I'd like to see what those assets are and uh, 153 00:09:15,760 --> 00:09:18,880 Speaker 1: and see what exactly is in this bill. Can I 154 00:09:18,920 --> 00:09:21,560 Speaker 1: just say, and I've heard generically what isn't it? But 155 00:09:21,600 --> 00:09:24,600 Speaker 1: I want to see more specifics? Can I Can I 156 00:09:24,640 --> 00:09:27,720 Speaker 1: just ask in general, do you think that the US 157 00:09:27,800 --> 00:09:32,000 Speaker 1: does need to continue putting funding into vaccines, into these 158 00:09:32,679 --> 00:09:37,720 Speaker 1: medications and preparedness if another wave comes. Well, as you know, 159 00:09:37,840 --> 00:09:40,200 Speaker 1: we have spent a tremendous amount of money we have 160 00:09:40,240 --> 00:09:43,920 Speaker 1: sent over to various government agencies to do exactly that, 161 00:09:44,360 --> 00:09:46,640 Speaker 1: and we've yet to see a complete accounting of what 162 00:09:46,920 --> 00:09:49,840 Speaker 1: and how those dollars have been spent, which I'd like 163 00:09:49,920 --> 00:09:54,040 Speaker 1: to see. But nowetheless, this bill may come up this week. 164 00:09:54,400 --> 00:09:56,959 Speaker 1: Uh and uh, I'm looking forward to sitting down and 165 00:09:57,720 --> 00:10:00,320 Speaker 1: reading through it to understand the specifics on that and 166 00:10:00,400 --> 00:10:04,079 Speaker 1: seeing what what it accomplishes or may not accomplish. Well. 167 00:10:04,160 --> 00:10:07,240 Speaker 1: Congressman over in the Senate, one of the conversations was 168 00:10:07,280 --> 00:10:12,520 Speaker 1: that perhaps some Republicans wanted to vote on this supplemental 169 00:10:12,520 --> 00:10:17,439 Speaker 1: funding measure on the Title forty two issue, the program 170 00:10:17,920 --> 00:10:20,800 Speaker 1: the directive from the CDC that the President just decided 171 00:10:20,840 --> 00:10:27,320 Speaker 1: to end that allowed under pandemic justification for the quick 172 00:10:27,720 --> 00:10:31,240 Speaker 1: removal of people from the border. What aside from that 173 00:10:31,280 --> 00:10:33,600 Speaker 1: conversation in the Senate about maybe an amendment on Title 174 00:10:33,679 --> 00:10:36,400 Speaker 1: forty two, what do you want Congress to do in 175 00:10:36,480 --> 00:10:38,160 Speaker 1: response to that, Because I know there's been a lot 176 00:10:38,160 --> 00:10:41,640 Speaker 1: of pushback from Republicans and some Democrats. Well, if there's 177 00:10:41,760 --> 00:10:44,600 Speaker 1: any way we can make sure the title forty two 178 00:10:44,679 --> 00:10:46,760 Speaker 1: is enforced and continue to be enforced beyond that May 179 00:10:47,120 --> 00:10:50,760 Speaker 1: three deadline, I'm for it. I've been getting hearing from 180 00:10:50,760 --> 00:10:53,840 Speaker 1: the border folks that we may have up to eighteen 181 00:10:53,880 --> 00:10:58,679 Speaker 1: thousand people a day crossing that border. It's already impacting 182 00:10:59,080 --> 00:11:02,640 Speaker 1: the United State. We can only absorb so much, and 183 00:11:02,720 --> 00:11:06,120 Speaker 1: so I think it's a mistake to remove the title 184 00:11:06,160 --> 00:11:08,600 Speaker 1: forty two. And and we're gonna do everything we can 185 00:11:08,640 --> 00:11:12,360 Speaker 1: in our power to to make sure that people understand 186 00:11:12,440 --> 00:11:16,120 Speaker 1: that this is UH is horrible policy for the United 187 00:11:16,160 --> 00:11:19,160 Speaker 1: States and we should stop it. By the way, a 188 00:11:19,280 --> 00:11:21,360 Speaker 1: number of people who are on the terrorists watch lists 189 00:11:21,400 --> 00:11:24,360 Speaker 1: have already crossed in the United States. We know that 190 00:11:26,040 --> 00:11:28,199 Speaker 1: because we've we've captured a number, so we know a 191 00:11:28,280 --> 00:11:32,360 Speaker 1: number have already gotten through what have not been captured. Right, Congressman, 192 00:11:32,400 --> 00:11:35,360 Speaker 1: thank you so much for joining us. UH Congressman Ken Calvert, 193 00:11:35,400 --> 00:11:40,000 Speaker 1: Republican from California, key member on Defense Appropriations, UH, Emily 194 00:11:40,040 --> 00:11:43,600 Speaker 1: a lot to look forward to their given. You know, 195 00:11:43,640 --> 00:11:46,400 Speaker 1: it sounds like there's going to be action on potentially 196 00:11:46,840 --> 00:11:51,120 Speaker 1: UH COVID aid coming, possibly another Ukraine bill. A lot 197 00:11:51,200 --> 00:11:54,920 Speaker 1: to watch from members like Calvert on appropriations. Oh, there's 198 00:11:54,960 --> 00:11:56,520 Speaker 1: so much and I mean, these are the must do 199 00:11:56,679 --> 00:11:58,680 Speaker 1: things that Congress has to get done. They have to 200 00:11:58,679 --> 00:12:01,120 Speaker 1: pass that spending. Something needs to happen here. Coming on, 201 00:12:01,200 --> 00:12:03,200 Speaker 1: we're gonna go to the panel Bill McGinley at the 202 00:12:03,280 --> 00:12:06,480 Speaker 1: Vogel Group, as well as Bloomberg Politics contributor Jeannie she 203 00:12:06,640 --> 00:12:11,239 Speaker 1: and Zano. I'm Jack Fitzpatrick with Emily Wilkins. This is Bloomberg. 204 00:12:14,880 --> 00:12:19,920 Speaker 1: This is Bloomberg Sound On with Joe matthew On. Bloomberg 205 00:12:20,000 --> 00:12:24,680 Speaker 1: Radio Show is out today, but this is Emily Wilkins 206 00:12:24,760 --> 00:12:27,640 Speaker 1: and with my co host Jack Fitzpatrick. We are filling 207 00:12:27,800 --> 00:12:30,839 Speaker 1: in for him, and we're going We just heard from 208 00:12:30,840 --> 00:12:34,360 Speaker 1: Congressman Ken Calvert talking a little bit about number of 209 00:12:34,400 --> 00:12:36,720 Speaker 1: different things. I mean, one of the big things that 210 00:12:36,760 --> 00:12:39,240 Speaker 1: he's got a hand in is putting together that defense 211 00:12:39,280 --> 00:12:42,440 Speaker 1: budget for the next year and Jacket it struck One 212 00:12:42,440 --> 00:12:44,120 Speaker 1: of the things that struck me when we were chatting 213 00:12:44,120 --> 00:12:46,959 Speaker 1: with him was just how much he wants that defense 214 00:12:47,080 --> 00:12:49,360 Speaker 1: increased to be. I mean, I know that Republicans that 215 00:12:49,440 --> 00:12:52,079 Speaker 1: they love their defense spending, but he said a minimum. 216 00:12:52,120 --> 00:12:54,920 Speaker 1: I think of nine to eleven percent, that's that's got 217 00:12:54,920 --> 00:12:56,280 Speaker 1: to be a lot of money right there. Yeah, this 218 00:12:56,360 --> 00:12:59,719 Speaker 1: really shows you the way inflation and also the war 219 00:12:59,800 --> 00:13:03,680 Speaker 1: in Ukraine has played into that debate. We just saw 220 00:13:04,800 --> 00:13:07,360 Speaker 1: last week the proposal from the President calling for about 221 00:13:07,360 --> 00:13:10,520 Speaker 1: a four percent increase in military funding. That's tough. You know, 222 00:13:10,559 --> 00:13:12,959 Speaker 1: he gets pushed back from progressives who want to cut 223 00:13:13,160 --> 00:13:17,320 Speaker 1: defense spending. But when you hear Congressman Calvert, who has 224 00:13:17,360 --> 00:13:19,360 Speaker 1: a hand in these negotiations, call for a nine to 225 00:13:19,480 --> 00:13:23,520 Speaker 1: eleven percent increase. One, there's the inflation factor too, there's 226 00:13:23,559 --> 00:13:26,079 Speaker 1: the war in Ukraine. Doing the math that that would 227 00:13:26,080 --> 00:13:29,720 Speaker 1: equal between a sixty nine and eighty five billion dollar 228 00:13:29,840 --> 00:13:32,800 Speaker 1: defense increase. So they've got a lot of work to do. 229 00:13:32,840 --> 00:13:36,000 Speaker 1: It seems between the Democrats and Republicans, a big delta 230 00:13:36,040 --> 00:13:38,600 Speaker 1: between what they envisioned for a military budget. Yeah, we're 231 00:13:38,600 --> 00:13:41,400 Speaker 1: definitely expecting a battle there between the progressives and and 232 00:13:41,440 --> 00:13:44,599 Speaker 1: even some moderate Democrats have come out and really criticized 233 00:13:44,640 --> 00:13:47,720 Speaker 1: what Biden has has put forward in his proposal. Well, 234 00:13:47,760 --> 00:13:50,040 Speaker 1: to discuss this and more, we're going to bring in 235 00:13:50,160 --> 00:13:55,239 Speaker 1: our Star panel Bloomberg Politics contributors Genie Chianzano and Bill McGinley, 236 00:13:55,240 --> 00:13:57,600 Speaker 1: who's a principal at the Vogel Group and a former 237 00:13:57,720 --> 00:14:00,880 Speaker 1: White House Cabinet secretary. Thank you both so much for 238 00:14:00,960 --> 00:14:04,480 Speaker 1: joining us. Bill, let's just get a little perspective here. Obviously, 239 00:14:04,600 --> 00:14:07,079 Speaker 1: these budget proposals that we saw from the White House, 240 00:14:07,160 --> 00:14:10,040 Speaker 1: it's just a proposal. Lawmakers are going to change it. 241 00:14:10,360 --> 00:14:12,360 Speaker 1: What do you think is is sort of realistic to 242 00:14:12,480 --> 00:14:15,520 Speaker 1: expect this year in terms of the amount of defense 243 00:14:15,559 --> 00:14:19,920 Speaker 1: spending versus domestic spending. I think the defense spending is 244 00:14:19,920 --> 00:14:22,360 Speaker 1: definitely going to go up. And as you said, you know, 245 00:14:22,400 --> 00:14:25,240 Speaker 1: a president's budget is not something that anybody expects to 246 00:14:25,280 --> 00:14:29,120 Speaker 1: be passed. It's really a messaging document that that lays 247 00:14:29,160 --> 00:14:32,160 Speaker 1: out the president's priorities and where he wants the taxpayer 248 00:14:32,240 --> 00:14:35,560 Speaker 1: funds to go. A four percent increase given the land 249 00:14:35,560 --> 00:14:40,720 Speaker 1: war UH in Ukraine plus increasing tensions over in China, 250 00:14:41,480 --> 00:14:45,240 Speaker 1: plus the increasing tensions in the Middle East, um, I 251 00:14:45,280 --> 00:14:47,240 Speaker 1: think that four percent is not going to cut it. 252 00:14:47,360 --> 00:14:50,400 Speaker 1: I think that the Congress, both chambers are going to 253 00:14:50,520 --> 00:14:53,440 Speaker 1: come together and try and do something more. There will 254 00:14:53,480 --> 00:14:56,000 Speaker 1: be resistance from the progressives and some of the moderates 255 00:14:56,840 --> 00:14:59,000 Speaker 1: on this, especially if there have to be offsets on 256 00:14:59,040 --> 00:15:01,840 Speaker 1: the on the demand stick side. But the world has 257 00:15:01,880 --> 00:15:04,560 Speaker 1: gotten more complicated and there's far too many threats to 258 00:15:04,560 --> 00:15:07,800 Speaker 1: the United States for US to not meet the moment 259 00:15:07,840 --> 00:15:11,480 Speaker 1: with the with the defense budget. Now, that's definitely a 260 00:15:11,480 --> 00:15:14,120 Speaker 1: good point, you know, as we're debating more potentially more 261 00:15:14,120 --> 00:15:16,960 Speaker 1: funding for Ukraine. UH, this budget debate is going to 262 00:15:17,040 --> 00:15:18,880 Speaker 1: play out for the next couple of months. In the 263 00:15:18,960 --> 00:15:22,240 Speaker 1: short term, though, we've got that ten billion dollar funding 264 00:15:22,280 --> 00:15:26,080 Speaker 1: bill on covid AID. Just before the program started, the 265 00:15:26,120 --> 00:15:29,640 Speaker 1: Senate failed to pass it. Uh, it went down. You 266 00:15:29,680 --> 00:15:33,120 Speaker 1: saw most Republicans oppose it because they're pushing to get 267 00:15:33,160 --> 00:15:36,680 Speaker 1: an amendment to restore what is known as Title forty two. 268 00:15:37,160 --> 00:15:39,640 Speaker 1: That sounds kind of wonky, but basically it was something 269 00:15:39,680 --> 00:15:42,720 Speaker 1: that was invoked during the pandemic to turn back many 270 00:15:42,760 --> 00:15:47,360 Speaker 1: asylum seekers and other migrants at the border since the 271 00:15:47,400 --> 00:15:50,160 Speaker 1: start of the pandemics. That was a procedural vote. They're 272 00:15:50,160 --> 00:15:53,120 Speaker 1: going to keep crying and working on this. But Jennie 273 00:15:53,240 --> 00:15:55,280 Speaker 1: just wanted to ask you a little bit here. I mean, 274 00:15:55,440 --> 00:15:58,520 Speaker 1: what could it mean for for this whole Title forty two, 275 00:15:58,560 --> 00:16:02,680 Speaker 1: this immigration pe to be attached to this larger COVID bill, 276 00:16:04,400 --> 00:16:06,760 Speaker 1: so optimistic about the budget a couple of months. I'm 277 00:16:06,760 --> 00:16:09,680 Speaker 1: thinking this is gonna take, you know, past the mid term. 278 00:16:09,720 --> 00:16:13,160 Speaker 1: I'm so sorry, Emily, Eleven months is a couple of months. 279 00:16:12,960 --> 00:16:16,960 Speaker 1: That's right in Congress speak. You've been there too long, Emily. Um, 280 00:16:17,000 --> 00:16:20,200 Speaker 1: you know, I think Title forty two is so fascinating 281 00:16:20,280 --> 00:16:22,760 Speaker 1: because you know, this speaks to the fact that it 282 00:16:22,840 --> 00:16:27,080 Speaker 1: has been raised repeatedly about in the context of the 283 00:16:27,120 --> 00:16:30,280 Speaker 1: primary elections on the Republican side. So I was looking 284 00:16:30,360 --> 00:16:33,200 Speaker 1: over Kevin McCarthy's tweets as I like to do this weekend, 285 00:16:33,560 --> 00:16:35,640 Speaker 1: and nine out of ten of those tweets in a 286 00:16:35,720 --> 00:16:39,440 Speaker 1: one day period were about immigration. We heard and some 287 00:16:39,480 --> 00:16:42,800 Speaker 1: of the Sunday talk shows thirty percent of GOP primary 288 00:16:42,840 --> 00:16:46,440 Speaker 1: ads already are on immigration. It is one of the 289 00:16:46,680 --> 00:16:50,840 Speaker 1: key midterm issues. Inflation, then immigration and then crime and 290 00:16:50,960 --> 00:16:53,920 Speaker 1: education is three and four. So that's why they are 291 00:16:53,960 --> 00:16:56,880 Speaker 1: going to use it even procedurally to hold up this bill. 292 00:16:57,360 --> 00:17:00,320 Speaker 1: And it is a real concern. I mean, you were 293 00:17:00,400 --> 00:17:03,920 Speaker 1: just hearing from the from the congressman eighteen thousand people 294 00:17:04,080 --> 00:17:07,119 Speaker 1: crossing per day. We're at almost two million. It's a 295 00:17:07,160 --> 00:17:09,600 Speaker 1: big number. It's a big concern. It's going to play 296 00:17:09,680 --> 00:17:12,480 Speaker 1: big in the midterms, and that's why they're talking about 297 00:17:12,520 --> 00:17:17,560 Speaker 1: in the context of this COVID relief bill CO preventive. Yeah, Jennie, 298 00:17:17,560 --> 00:17:21,200 Speaker 1: I hear you on the importance of immigration to a 299 00:17:21,280 --> 00:17:23,560 Speaker 1: number of lawmakers. But you know, the last thing that 300 00:17:23,600 --> 00:17:26,000 Speaker 1: held this up just a week or so ago was 301 00:17:26,080 --> 00:17:28,080 Speaker 1: the debate over while do we make up for this 302 00:17:28,200 --> 00:17:31,520 Speaker 1: ten billion dollars in COVID funding by pulling back state 303 00:17:31,600 --> 00:17:33,600 Speaker 1: and local aid or where does that money come from? 304 00:17:33,840 --> 00:17:36,280 Speaker 1: There's been a number of disagreements that have tripped them 305 00:17:36,400 --> 00:17:39,520 Speaker 1: up on this, you know, for the federal government fairly small, 306 00:17:39,920 --> 00:17:43,919 Speaker 1: uh COVID funding bill bill? What should we make of that? 307 00:17:43,960 --> 00:17:46,960 Speaker 1: I mean, has the COVID response just become less of 308 00:17:47,000 --> 00:17:50,800 Speaker 1: a priority to lawmakers? Look, I think that the COVID 309 00:17:50,840 --> 00:17:53,960 Speaker 1: response still is a priority for lawmakers, And as you said, 310 00:17:54,480 --> 00:17:56,080 Speaker 1: what are the sticking points is going to be the 311 00:17:56,119 --> 00:17:58,720 Speaker 1: offsets and where they're going to come. A lot of 312 00:17:58,760 --> 00:18:01,119 Speaker 1: this is coming from money that's already been appropriated but 313 00:18:01,200 --> 00:18:03,879 Speaker 1: hasn't been authorized. Um. One of the things that the 314 00:18:03,880 --> 00:18:06,240 Speaker 1: progressives are complaining about is that it doesn't have any 315 00:18:06,280 --> 00:18:10,600 Speaker 1: internationally for COVID but where it's coming from is some 316 00:18:10,680 --> 00:18:13,160 Speaker 1: of the relief for some of the industries. And let's 317 00:18:13,160 --> 00:18:15,760 Speaker 1: remember this ten billion, as you said before, is supposed 318 00:18:15,760 --> 00:18:19,639 Speaker 1: to go for preventative measures, for research, for therapeutics, for 319 00:18:19,680 --> 00:18:23,800 Speaker 1: testing supplies, vaccines. But importantly, one of the things that 320 00:18:23,920 --> 00:18:28,600 Speaker 1: was negotiated by Romney and the Democrats um was a 321 00:18:28,640 --> 00:18:31,719 Speaker 1: notification to Congress so that if j because all this 322 00:18:31,720 --> 00:18:34,879 Speaker 1: money is going to HHS, and so if HHS is 323 00:18:34,880 --> 00:18:38,240 Speaker 1: going to spend more than fifty million dollars, they're supposed 324 00:18:38,280 --> 00:18:41,879 Speaker 1: to give Congress forty hours notice about how they're going 325 00:18:41,920 --> 00:18:44,119 Speaker 1: to spend that money. This is definitely a debate that 326 00:18:44,200 --> 00:18:46,440 Speaker 1: we're going to continue to follow for the rest of 327 00:18:46,480 --> 00:18:49,400 Speaker 1: this week. Coming up, we're going to be chatting with 328 00:18:49,520 --> 00:18:53,920 Speaker 1: Greg dear Row about a recent retirement of a major lawmaker. 329 00:18:54,320 --> 00:19:00,199 Speaker 1: I'm Emily Wilkins. This is Bloomberg with Emily will Ends 330 00:19:00,200 --> 00:19:03,480 Speaker 1: from Bloomberg Government. I'm Jack Fitzpatrick. We are in today 331 00:19:03,600 --> 00:19:06,200 Speaker 1: for Joe Matthew and we're gonna bring in our other 332 00:19:06,320 --> 00:19:11,680 Speaker 1: Bloomberg Government colleague, Greg Giro, who covers elections for be gov. Uh, 333 00:19:11,680 --> 00:19:14,119 Speaker 1: it is an election day somewhere. It's a you know, 334 00:19:14,160 --> 00:19:17,119 Speaker 1: it's it's five o'clock somewhere. It's it's election day somewhere. 335 00:19:17,119 --> 00:19:19,560 Speaker 1: There's always something happening on the campaign trail, especially as 336 00:19:19,560 --> 00:19:22,000 Speaker 1: we get closer to the mid terms. Now, this is 337 00:19:22,040 --> 00:19:24,840 Speaker 1: an interesting one. This is not a mid term race. 338 00:19:24,920 --> 00:19:28,880 Speaker 1: This is a special election to replace the seat vacated 339 00:19:29,080 --> 00:19:32,919 Speaker 1: vacated in the House by Devin Noonez, a Trump loyalist 340 00:19:33,440 --> 00:19:37,040 Speaker 1: House Republican actually left Congress to become CEO of the 341 00:19:37,080 --> 00:19:40,120 Speaker 1: Trump Media and Technology Group. They've got a social network 342 00:19:40,320 --> 00:19:44,600 Speaker 1: and all of that. Uh, it'll be interesting partly because 343 00:19:45,200 --> 00:19:46,760 Speaker 1: they will serve through the end of the year, but 344 00:19:46,800 --> 00:19:49,840 Speaker 1: then they've got to run separately in November as well, 345 00:19:49,880 --> 00:19:52,080 Speaker 1: so somebody might have to run twice in one year. 346 00:19:52,160 --> 00:19:54,600 Speaker 1: I've got to ask Greg about this, Greg, this seems 347 00:19:54,880 --> 00:19:57,520 Speaker 1: just like a strange situation. We've got a number of 348 00:19:57,560 --> 00:20:01,760 Speaker 1: candidates vying for this very reef stint in Congress, but 349 00:20:01,960 --> 00:20:04,360 Speaker 1: then they would have to also be on the ballot 350 00:20:04,359 --> 00:20:06,760 Speaker 1: in November. Is there a favorite or how is this 351 00:20:06,800 --> 00:20:08,520 Speaker 1: going to work out? And and how long is this 352 00:20:08,560 --> 00:20:10,760 Speaker 1: person actually going to end up being a member of Congress. 353 00:20:11,520 --> 00:20:15,560 Speaker 1: It's a really strange election because of redistricting Um basically 354 00:20:15,600 --> 00:20:18,040 Speaker 1: the person. It's a low key election because outside groups 355 00:20:18,040 --> 00:20:20,520 Speaker 1: aren't really spending any money in this seat, as you 356 00:20:20,520 --> 00:20:24,240 Speaker 1: mentioned fromly held by Devon Nounas, and a Republican is 357 00:20:24,359 --> 00:20:26,400 Speaker 1: likely to succeed. Devon un knows. It's only a matter 358 00:20:26,480 --> 00:20:29,639 Speaker 1: of whether it's tonight or in June. So you have 359 00:20:29,760 --> 00:20:33,040 Speaker 1: four Republicans and two Democrats running on one ballot, and 360 00:20:33,080 --> 00:20:35,480 Speaker 1: you need a majority of the vote for an outright victory, 361 00:20:35,600 --> 00:20:38,840 Speaker 1: otherwise you go to run off election in June. Now 362 00:20:39,760 --> 00:20:43,479 Speaker 1: the it's it's low key because no one's really playing 363 00:20:43,480 --> 00:20:46,119 Speaker 1: in this race from the national party perspective, and the 364 00:20:46,160 --> 00:20:48,439 Speaker 1: winner is actually likely to be a caretaker who just 365 00:20:48,600 --> 00:20:51,000 Speaker 1: is going to fill out the rest of Devon unas 366 00:20:51,119 --> 00:20:53,800 Speaker 1: is term. Three of the candidates have no plans to 367 00:20:53,880 --> 00:20:56,919 Speaker 1: run in a revised congressional district, and three of the 368 00:20:56,960 --> 00:21:00,760 Speaker 1: other candidates are running against Jim costa Demo Credit congressman 369 00:21:00,800 --> 00:21:03,159 Speaker 1: from another district. That's because of how the lines are 370 00:21:03,160 --> 00:21:07,040 Speaker 1: redrawn by Commission Um. These are the lines. The election 371 00:21:07,040 --> 00:21:09,840 Speaker 1: that's tonight is being held under the the current lines, 372 00:21:10,119 --> 00:21:12,040 Speaker 1: whereas the full term election is being held under the 373 00:21:12,040 --> 00:21:14,560 Speaker 1: new map, which looks a lot different. Than the current map. 374 00:21:14,840 --> 00:21:18,080 Speaker 1: As if it wasn't crazy enough, we've got to throw 375 00:21:18,119 --> 00:21:21,359 Speaker 1: in some redistricting changes in there. Now. I just have 376 00:21:21,440 --> 00:21:24,360 Speaker 1: to ask Greg, because it's Devin Noon and Devin Noon 377 00:21:24,400 --> 00:21:27,800 Speaker 1: as his seat, are we going to learn anything about 378 00:21:28,080 --> 00:21:32,200 Speaker 1: sort of Trump's standing in the Republican Party from this? What? 379 00:21:32,200 --> 00:21:35,320 Speaker 1: What is the specter of the former president when it 380 00:21:35,320 --> 00:21:38,600 Speaker 1: comes to this particular race. Yeah, he stayed out of 381 00:21:38,640 --> 00:21:41,680 Speaker 1: this race. Um, it's very likely to elect a Republican. 382 00:21:41,680 --> 00:21:45,960 Speaker 1: It's a Republican leaning area in the Fresno area. Trump 383 00:21:46,000 --> 00:21:48,000 Speaker 1: won the district by a modest margin five and a 384 00:21:48,000 --> 00:21:52,600 Speaker 1: half points six points UM. But in a political environment 385 00:21:52,640 --> 00:21:55,359 Speaker 1: like this, it's likely to vote more Republican than it 386 00:21:55,400 --> 00:21:58,720 Speaker 1: would have in But the former president has stayed out 387 00:21:58,720 --> 00:22:01,919 Speaker 1: of the race. Um, it is highly likely that a 388 00:22:01,960 --> 00:22:05,520 Speaker 1: Republican will succeed Differnue Nurse, So I understand. In the 389 00:22:05,560 --> 00:22:11,120 Speaker 1: other big electoral news today, Fred Upton, the longtime congressman 390 00:22:11,119 --> 00:22:14,600 Speaker 1: who served in the House since nineteen seven from Michigan, 391 00:22:14,640 --> 00:22:17,280 Speaker 1: said he's going to retire at the end of his term. 392 00:22:17,359 --> 00:22:19,359 Speaker 1: And Emily, I know that you caught up with him. 393 00:22:19,440 --> 00:22:22,640 Speaker 1: Let's hear the sound that you got in your your 394 00:22:22,640 --> 00:22:26,560 Speaker 1: conversation with Congressman Upton. My district was cut like Joral 395 00:22:27,480 --> 00:22:31,000 Speaker 1: three different ways. So it's hum. I've been here thirty 396 00:22:31,040 --> 00:22:32,840 Speaker 1: six years. When I first ran, I thought i'd be 397 00:22:32,880 --> 00:22:36,560 Speaker 1: here ten. Yeah, Congressman Fred Upton from Michigan, who has 398 00:22:36,560 --> 00:22:39,119 Speaker 1: been in Congress for thirty six years. He's one of 399 00:22:39,160 --> 00:22:42,960 Speaker 1: the longest tenured members. He's held some very prominent chairmanships. 400 00:22:43,440 --> 00:22:45,239 Speaker 1: But Greg, I kind of want to dig into this 401 00:22:45,320 --> 00:22:47,280 Speaker 1: here because you know Upton, he was one of the 402 00:22:47,320 --> 00:22:50,240 Speaker 1: ten Republicans to vote to impeach Trump. He's taken a 403 00:22:50,320 --> 00:22:53,480 Speaker 1: number of other votes, um that have kind of run 404 00:22:53,480 --> 00:22:56,720 Speaker 1: counter to a lot of members of his party. He's 405 00:22:56,760 --> 00:23:00,600 Speaker 1: blamed redistricting, but is that really fair because I was 406 00:23:00,640 --> 00:23:02,520 Speaker 1: looking at some maps and it doesn't seem like his 407 00:23:02,640 --> 00:23:06,200 Speaker 1: district has changed all that much. Yes, So a commission 408 00:23:06,240 --> 00:23:09,720 Speaker 1: redrew Michigan's congressional districts and Upton actually got a decent 409 00:23:09,800 --> 00:23:12,480 Speaker 1: draw out of it. It did, it did slice subdistricts 410 00:23:12,480 --> 00:23:15,119 Speaker 1: here and there. That's fair to say. But uh, he 411 00:23:15,240 --> 00:23:17,760 Speaker 1: was he would have been in a an incumbent versus 412 00:23:17,800 --> 00:23:22,240 Speaker 1: an incumbent matchup against another Republican, Bill Hyzinga but Upton 413 00:23:22,359 --> 00:23:26,520 Speaker 1: would have had Upton currently represents about six of the 414 00:23:26,560 --> 00:23:29,080 Speaker 1: people in that red raw On district, compared to just 415 00:23:29,240 --> 00:23:33,160 Speaker 1: twenty percent for Hyazinga. So Upton would have entered that 416 00:23:33,280 --> 00:23:35,919 Speaker 1: race had he chosen to pursue it with a decent 417 00:23:35,960 --> 00:23:39,240 Speaker 1: home court advantage. He has one point five million dollars 418 00:23:39,240 --> 00:23:41,480 Speaker 1: in his campaign account that he could have used for 419 00:23:41,520 --> 00:23:44,520 Speaker 1: that race. So um. You know, he certainly would have 420 00:23:44,520 --> 00:23:48,440 Speaker 1: been a highly competitive candidate. But one wonders how much 421 00:23:48,640 --> 00:23:51,480 Speaker 1: Trump would have interviewed that race given Upton's vote to 422 00:23:51,520 --> 00:23:55,320 Speaker 1: impeach him. Yeah, I think that's definitely a consideration here. 423 00:23:55,440 --> 00:23:59,679 Speaker 1: Even though Upton focused more on redistricting, does his retirement 424 00:23:59,760 --> 00:24:05,000 Speaker 1: how a wider impact on the electoral map? Uh? Well, 425 00:24:05,119 --> 00:24:07,359 Speaker 1: his district is likely to be won by Bill Heising 426 00:24:07,359 --> 00:24:08,840 Speaker 1: and now it's not going to really, I think affect 427 00:24:08,960 --> 00:24:12,080 Speaker 1: the breakdown of the party delegation in Michigan or it's 428 00:24:12,080 --> 00:24:14,960 Speaker 1: not a seat that Democrats are going to have any 429 00:24:15,040 --> 00:24:18,399 Speaker 1: chance of flipping. Um, but it does I think. You know, 430 00:24:18,640 --> 00:24:20,639 Speaker 1: Upton is kind of a throwback. He's been in the 431 00:24:20,640 --> 00:24:23,400 Speaker 1: House since nine seven, as you all mentioned, it's longer 432 00:24:23,440 --> 00:24:25,800 Speaker 1: than all but four members. You know, he came to 433 00:24:26,400 --> 00:24:29,720 Speaker 1: Congress at a time when there's a Democratic u s 434 00:24:29,720 --> 00:24:31,919 Speaker 1: House majority that you know, Upton and a lot of 435 00:24:31,920 --> 00:24:33,959 Speaker 1: other people thought would go on for decades. And so 436 00:24:34,000 --> 00:24:36,679 Speaker 1: he's always his m always always been to kind of 437 00:24:36,720 --> 00:24:38,960 Speaker 1: work with Democrats as best friend in Congress, as a 438 00:24:38,960 --> 00:24:43,320 Speaker 1: Democrat fellow Michigan or Debbie Dingle. He's worked with Joe 439 00:24:43,359 --> 00:24:46,280 Speaker 1: Biden on the twenty one Century Cures Act, which is 440 00:24:46,320 --> 00:24:50,080 Speaker 1: probably Upton's biggest legislative accomplishments. So, and he's probably a 441 00:24:50,119 --> 00:24:53,840 Speaker 1: band of what i'd call kind of moderately conservative Republicans 442 00:24:53,880 --> 00:24:58,360 Speaker 1: who have voted with and worked with collaborated with Democrats 443 00:24:58,400 --> 00:25:01,040 Speaker 1: in in a way that's not as common as it 444 00:25:01,160 --> 00:25:04,240 Speaker 1: was when Upton first came to Congress. And it's got 445 00:25:04,240 --> 00:25:07,359 Speaker 1: to be telling, given that he could have very likely 446 00:25:07,400 --> 00:25:10,119 Speaker 1: expected to end up in the majority. Again, what does 447 00:25:10,160 --> 00:25:13,280 Speaker 1: it tell us, very briefly, Greg that evidently he didn't 448 00:25:13,320 --> 00:25:15,480 Speaker 1: feel the need to work on some legislation and get 449 00:25:15,480 --> 00:25:18,119 Speaker 1: excited about going back into the majority as many Republicans 450 00:25:18,119 --> 00:25:20,800 Speaker 1: are in the House. Yeah, that's right, And maybe I 451 00:25:20,800 --> 00:25:23,280 Speaker 1: didn't ask him. I haven't asked this, but you know, 452 00:25:23,560 --> 00:25:26,399 Speaker 1: there are party term limits in the Republican Conference on 453 00:25:27,080 --> 00:25:29,400 Speaker 1: being the you know, the top member on a committee, 454 00:25:29,400 --> 00:25:31,760 Speaker 1: and he was he couldn't return as chairman of the 455 00:25:31,800 --> 00:25:35,160 Speaker 1: influential Energy and Commerce Committee because of those party chair limits. 456 00:25:35,200 --> 00:25:39,080 Speaker 1: He had served six years chairing that committee. Um. You 457 00:25:39,119 --> 00:25:42,400 Speaker 1: know he's been there thirty six years. Um. But he's 458 00:25:42,560 --> 00:25:44,119 Speaker 1: even though he's one of the most senior members of 459 00:25:44,160 --> 00:25:46,960 Speaker 1: Congress at sixty eight, he's far from the oldest. And 460 00:25:47,280 --> 00:25:49,159 Speaker 1: you know, plenty of time for him to spend with 461 00:25:49,200 --> 00:25:52,159 Speaker 1: his family in retirement now, right, And this could actually 462 00:25:52,160 --> 00:25:53,840 Speaker 1: be one of the people who spends more time with 463 00:25:53,880 --> 00:25:56,359 Speaker 1: their family, A commonly used phrase when people leave. Thank you, 464 00:25:56,400 --> 00:26:00,200 Speaker 1: Greg Drew. We're going back to Ely and Jennie jean 465 00:26:00,280 --> 00:26:04,439 Speaker 1: Zano with Emily Wilkins. I'm Jack Fitzpatrick. This is Bloomberg. 466 00:26:08,800 --> 00:26:14,240 Speaker 1: This is Bloomberg So On with Joe Matthew on Bloomberg Radio. 467 00:26:16,119 --> 00:26:18,760 Speaker 1: This is Emily Welkinds here with my co host, Bloomberg 468 00:26:18,760 --> 00:26:22,679 Speaker 1: Government's Jack Fitzpatrick. We are in for Joe Matthew today 469 00:26:22,800 --> 00:26:26,920 Speaker 1: and we are reassembling our panel with Bloomberg Politics contributors 470 00:26:27,200 --> 00:26:31,640 Speaker 1: Jennie Chanzano and Bill McGinley. A lot to discuss here, 471 00:26:31,680 --> 00:26:35,520 Speaker 1: But we were just hearing from Greg Jarrow, our politics 472 00:26:35,560 --> 00:26:39,480 Speaker 1: guru over at Bloomberg Government, and Bill I wanted to 473 00:26:39,480 --> 00:26:41,679 Speaker 1: sort of pick up on something that that Greg was 474 00:26:41,720 --> 00:26:46,119 Speaker 1: talking about. Um, he was mentioning how Fred Upton said that, 475 00:26:46,160 --> 00:26:48,080 Speaker 1: you know, the reason that he had decided to retire 476 00:26:48,600 --> 00:26:52,240 Speaker 1: was because of his district. But Upton has a pretty 477 00:26:52,240 --> 00:26:55,240 Speaker 1: good shot to win in his new district. I'm wondering 478 00:26:55,480 --> 00:26:59,959 Speaker 1: what Upton's decision to retire says about former President Trump's 479 00:27:00,080 --> 00:27:05,119 Speaker 1: current hold on the Republican Party. We can see if 480 00:27:05,160 --> 00:27:08,960 Speaker 1: Genie's with us, I'm curious what Genie thinks about that. Well, 481 00:27:09,000 --> 00:27:11,959 Speaker 1: I think this is the big question, right and and um, 482 00:27:12,400 --> 00:27:14,760 Speaker 1: I think we have to take a weight and see attitude. 483 00:27:14,840 --> 00:27:18,000 Speaker 1: Quite frankly, so, the news over the weekend that Sarah Palin, 484 00:27:18,119 --> 00:27:20,760 Speaker 1: for instance, is, you know, putting her name into this 485 00:27:20,840 --> 00:27:24,240 Speaker 1: huge special election in Alaska. In my mind, that is 486 00:27:24,280 --> 00:27:27,320 Speaker 1: going to give us an indicator sometime in June about 487 00:27:27,359 --> 00:27:30,480 Speaker 1: how much you know, power Donald Trump has in these 488 00:27:30,480 --> 00:27:33,119 Speaker 1: House primaries. And that I think is going to be 489 00:27:33,160 --> 00:27:35,720 Speaker 1: a precursor to what happens in Wyoming because those states 490 00:27:35,720 --> 00:27:38,040 Speaker 1: are so similar. And as you look at Upton in 491 00:27:38,119 --> 00:27:41,159 Speaker 1: Michigan and you look at other districts around the country. 492 00:27:41,160 --> 00:27:42,560 Speaker 1: I think we still have to take a weight and 493 00:27:42,560 --> 00:27:45,920 Speaker 1: see attitude. He is the most well known and popular 494 00:27:46,040 --> 00:27:49,199 Speaker 1: Republican UM in in the country certainly, and he's got 495 00:27:49,240 --> 00:27:52,000 Speaker 1: a lot of funding on on his side. So whether 496 00:27:52,119 --> 00:27:54,320 Speaker 1: he plays and how he plays, I still think we 497 00:27:54,359 --> 00:27:56,640 Speaker 1: have to take a wait and see attitude for sure. 498 00:27:56,840 --> 00:27:58,439 Speaker 1: And Bill, I do want to get your thoughts on this, 499 00:27:58,480 --> 00:28:01,120 Speaker 1: because I know you've got that that background, like your 500 00:28:01,160 --> 00:28:04,600 Speaker 1: former working for the National Republican Senatorial Committee. You know 501 00:28:04,800 --> 00:28:08,640 Speaker 1: about elections. What does it say that Fred Upton, one 502 00:28:08,760 --> 00:28:12,840 Speaker 1: of the ten Republicans to vote to impeach Trump, is 503 00:28:12,920 --> 00:28:15,960 Speaker 1: now deciding that he's going to retire from a district 504 00:28:16,000 --> 00:28:19,120 Speaker 1: that that is pretty favorable to him. I think there's 505 00:28:19,160 --> 00:28:21,320 Speaker 1: quite a bit of turnover in the Republican Party. I 506 00:28:21,359 --> 00:28:24,760 Speaker 1: think some of the old guard UM is not willing 507 00:28:24,800 --> 00:28:28,119 Speaker 1: to stay on with some of the younger members and 508 00:28:28,160 --> 00:28:31,719 Speaker 1: the Trump dominated GOP UM. And I think, you know, 509 00:28:31,840 --> 00:28:34,119 Speaker 1: really what it's going to come down to is the electorate. 510 00:28:34,560 --> 00:28:37,840 Speaker 1: The GOP has such a great opportunity. We're seeing the 511 00:28:37,960 --> 00:28:42,280 Speaker 1: d triple ce putting districts on their watch list where 512 00:28:42,280 --> 00:28:46,040 Speaker 1: they're directing donors to give um that were Biden plus 513 00:28:46,040 --> 00:28:50,080 Speaker 1: over ten UM and the map is so favorable right 514 00:28:50,080 --> 00:28:53,400 Speaker 1: now two Republicans. Uh. These primaries are going to be 515 00:28:53,400 --> 00:28:56,040 Speaker 1: critically important because the only way that the Dems are 516 00:28:56,040 --> 00:28:58,440 Speaker 1: going to be able to the Democrats are going to 517 00:28:58,480 --> 00:29:03,240 Speaker 1: be able to ryan mitigate their losses is to try 518 00:29:03,320 --> 00:29:06,920 Speaker 1: and turn some of these Republican candidates in the unacceptable 519 00:29:06,920 --> 00:29:12,040 Speaker 1: alternatives to the Democratic incumbents that they're running against. President 520 00:29:12,040 --> 00:29:14,480 Speaker 1: Trump has a lot of sway over the Republican Party, 521 00:29:14,600 --> 00:29:17,400 Speaker 1: especially with the primary electorate, and so I think we're 522 00:29:17,400 --> 00:29:20,760 Speaker 1: going to see quite a few Trump backed candidates go 523 00:29:20,880 --> 00:29:24,200 Speaker 1: up against incumbent Democrats UM, and they're going to be 524 00:29:24,480 --> 00:29:27,160 Speaker 1: personal contests. I think the Democrats are going to fight 525 00:29:27,480 --> 00:29:29,560 Speaker 1: with everything that they have to try and make them 526 00:29:29,640 --> 00:29:32,840 Speaker 1: unacceptable alternatives. But I still think the environment and the 527 00:29:32,880 --> 00:29:36,040 Speaker 1: Biden administration and these record low numbers at the end 528 00:29:36,080 --> 00:29:37,400 Speaker 1: of the day are just not They're not going to 529 00:29:37,480 --> 00:29:41,200 Speaker 1: be able to overcome such a negative environment. The Republicans 530 00:29:41,240 --> 00:29:44,280 Speaker 1: are going to do well. Yeah. I think even Upton 531 00:29:44,360 --> 00:29:46,520 Speaker 1: told me today that he does think that Republicans are 532 00:29:46,720 --> 00:29:50,000 Speaker 1: going to hold are going to rather um win the House, 533 00:29:50,080 --> 00:29:52,960 Speaker 1: even though he thinks it will be by a slight majority. 534 00:29:53,400 --> 00:29:56,720 Speaker 1: On the other side of Pennsylvania Avenue, former President Barack 535 00:29:56,760 --> 00:29:59,560 Speaker 1: Obama returned to the White House today for the first 536 00:29:59,600 --> 00:30:03,360 Speaker 1: time s leaving office in seventeen. The occasion was the 537 00:30:03,400 --> 00:30:07,680 Speaker 1: twelfth anniversary of the Affordable Affordable Care Act, passed during 538 00:30:07,760 --> 00:30:10,640 Speaker 1: his tenure and to usher in new additions for the 539 00:30:10,720 --> 00:30:14,760 Speaker 1: healthcare bill. UH President Biden was also there, and UH 540 00:30:14,880 --> 00:30:18,760 Speaker 1: President Obama discussed his pride in the passage of the 541 00:30:18,800 --> 00:30:22,320 Speaker 1: Affordable Charact while making a bit of a reference to 542 00:30:22,360 --> 00:30:25,360 Speaker 1: Biden's and famous hut mic moment. We've got the sound 543 00:30:25,400 --> 00:30:28,480 Speaker 1: on that. To get the bill passed, we had to 544 00:30:28,520 --> 00:30:32,160 Speaker 1: make compromises. We didn't get everything we wanted. That wasn't 545 00:30:32,160 --> 00:30:34,240 Speaker 1: a reason not to do it. If you can get 546 00:30:34,720 --> 00:30:37,680 Speaker 1: millions of people health coverage and better production, it is, 547 00:30:37,720 --> 00:30:43,440 Speaker 1: to quote a famous American, a pretty big deal. The 548 00:30:43,520 --> 00:30:45,120 Speaker 1: joke there, of course, is that out when he was 549 00:30:45,200 --> 00:30:49,960 Speaker 1: Vice President, Biden famously called this legislation a big and 550 00:30:50,040 --> 00:30:51,840 Speaker 1: then there's a word that starts with F that I 551 00:30:51,880 --> 00:30:55,920 Speaker 1: can't say on the radio, big f deal. Lets you'll 552 00:30:55,960 --> 00:30:58,040 Speaker 1: fill it in. But but Jeanie I just wanted to 553 00:30:58,040 --> 00:30:59,640 Speaker 1: talk a little bit. I mean, one thing we heard 554 00:30:59,680 --> 00:31:03,320 Speaker 1: Bama Obama talk about was that they had to make compromises, 555 00:31:03,360 --> 00:31:05,760 Speaker 1: that they didn't get everything they wanted. Is this a 556 00:31:05,800 --> 00:31:10,000 Speaker 1: message to Democrats right now? It is, you know, in 557 00:31:10,040 --> 00:31:13,400 Speaker 1: several ways. It is so fascinating to see Barack Obama 558 00:31:13,400 --> 00:31:15,240 Speaker 1: come back. It's the first time he's been back to 559 00:31:15,320 --> 00:31:17,400 Speaker 1: the White House. And even though he and Joe Biden 560 00:31:17,480 --> 00:31:21,960 Speaker 1: apparently reportedly talk and communicate periodically, we haven't seen them 561 00:31:22,000 --> 00:31:25,640 Speaker 1: publicly together throughout the administration so far. But they are 562 00:31:25,680 --> 00:31:29,200 Speaker 1: bringing him back now to celebrate this great achievement for Democrats, 563 00:31:29,200 --> 00:31:32,440 Speaker 1: which was the passage of Obamacare, and also to highlight 564 00:31:32,560 --> 00:31:35,000 Speaker 1: this is a bill that was, as we all remember, 565 00:31:35,280 --> 00:31:38,720 Speaker 1: a hard fought bill to get through Congress. Republicans tried 566 00:31:38,800 --> 00:31:42,160 Speaker 1: desperately many times to repeal it and rescind it. They 567 00:31:42,200 --> 00:31:45,480 Speaker 1: couldn't do it, and it is more popular than ever 568 00:31:45,640 --> 00:31:48,880 Speaker 1: at this point. And also the Biden administration wants to 569 00:31:48,960 --> 00:31:50,880 Speaker 1: highlight the fact that they've done a lot over the 570 00:31:50,920 --> 00:31:53,480 Speaker 1: last year. And I think this is an untold story 571 00:31:53,520 --> 00:31:58,160 Speaker 1: of the administration to strengthen Obamacare. Everything from the legislative 572 00:31:58,160 --> 00:32:01,080 Speaker 1: realm to the regulatory side, sign ups are up, it 573 00:32:01,200 --> 00:32:04,800 Speaker 1: is more affordable, and we heard Vice President Harris and 574 00:32:04,800 --> 00:32:08,200 Speaker 1: then President Obama and President Biden calling for an expansion 575 00:32:08,280 --> 00:32:10,920 Speaker 1: of the make to make the subsidies in the in 576 00:32:11,000 --> 00:32:14,560 Speaker 1: the American Rescue Plan permanent. So they want to highlight this, 577 00:32:14,640 --> 00:32:17,280 Speaker 1: celebrate it, because this is everything the Democrats want to 578 00:32:17,280 --> 00:32:19,680 Speaker 1: go into this mid term. And Bill is absolutely right. 579 00:32:19,720 --> 00:32:22,680 Speaker 1: The numbers look definitely in the republicans favor. But if 580 00:32:22,720 --> 00:32:25,440 Speaker 1: they can chip away at this by focusing on popular 581 00:32:25,480 --> 00:32:28,080 Speaker 1: pieces of legislation like the Affordable Care Act, they're going 582 00:32:28,120 --> 00:32:30,480 Speaker 1: to do it. So I find it a little funny 583 00:32:30,480 --> 00:32:33,320 Speaker 1: that we're talking so much about two former presidents, But 584 00:32:33,400 --> 00:32:36,920 Speaker 1: these are two former presidents Obama and Trump, who loom 585 00:32:37,080 --> 00:32:40,600 Speaker 1: large over their parties in different ways, but certainly have 586 00:32:40,600 --> 00:32:44,160 Speaker 1: a certain kind of political appeal. Uh, Bill, what do 587 00:32:44,200 --> 00:32:46,000 Speaker 1: you make of this? You know, yes, they were talking 588 00:32:46,000 --> 00:32:49,200 Speaker 1: about the Affordable Care Act. Yes, President Biden signed an 589 00:32:49,200 --> 00:32:53,240 Speaker 1: executive order meant to close loopholes on a C A coverage. 590 00:32:53,480 --> 00:32:56,160 Speaker 1: But to what extent do you think this was about 591 00:32:56,480 --> 00:32:59,360 Speaker 1: giving President Biden a little bit of a political boost 592 00:32:59,600 --> 00:33:02,320 Speaker 1: with maybe be some nostalgia for the Obama years at 593 00:33:02,320 --> 00:33:05,160 Speaker 1: a time when President Biden's poll numbers are are so low. 594 00:33:06,400 --> 00:33:08,600 Speaker 1: I think everything that the administration has tried to do 595 00:33:08,680 --> 00:33:11,920 Speaker 1: to turn the corner on these horrible poll numbers and 596 00:33:12,000 --> 00:33:14,880 Speaker 1: the sentiment in the country has failed. And I think 597 00:33:14,960 --> 00:33:16,960 Speaker 1: now what they're doing is they're trying to reach back 598 00:33:17,000 --> 00:33:19,920 Speaker 1: and try and grab some of the popular politicians with 599 00:33:19,960 --> 00:33:22,840 Speaker 1: their base, such as Predident Obama, to try and bolster 600 00:33:22,920 --> 00:33:26,720 Speaker 1: those numbers and probably try to get enthusiasm. Enthusiasm up 601 00:33:27,080 --> 00:33:29,160 Speaker 1: just a little bit. I think it's going to fall 602 00:33:29,200 --> 00:33:32,680 Speaker 1: on deaf ears in terms of the big middle UH 603 00:33:32,720 --> 00:33:35,240 Speaker 1: and independence when you look at all the problems that 604 00:33:35,360 --> 00:33:39,160 Speaker 1: these families are facing, everything from inflation to supply chain, 605 00:33:39,240 --> 00:33:42,440 Speaker 1: to education and parental rights. UM. A lot of a 606 00:33:42,440 --> 00:33:44,240 Speaker 1: lot of the issues that are cutting in favor of 607 00:33:44,320 --> 00:33:47,840 Speaker 1: the Republicans and that the Republicans are hammering home. UM. 608 00:33:47,880 --> 00:33:50,560 Speaker 1: I think President Obama his visit to the White House 609 00:33:50,560 --> 00:33:53,520 Speaker 1: today gets a lot of play on the evening news 610 00:33:53,600 --> 00:33:56,480 Speaker 1: to try and give President Biden a little bit of 611 00:33:56,520 --> 00:33:57,840 Speaker 1: a boost, But at the end of the day, I 612 00:33:57,840 --> 00:34:00,720 Speaker 1: think it's probably a one one day story. My guess 613 00:34:00,800 --> 00:34:02,080 Speaker 1: is that the White House is going to try and 614 00:34:02,080 --> 00:34:04,200 Speaker 1: get President Obama out on the road to try and 615 00:34:04,280 --> 00:34:08,640 Speaker 1: defend some of their really vulnerable House members and senators 616 00:34:08,680 --> 00:34:12,080 Speaker 1: as they tried to uh seek reelection and try and 617 00:34:12,160 --> 00:34:14,360 Speaker 1: hope that the base is going to be energized by 618 00:34:14,400 --> 00:34:16,320 Speaker 1: its visits. I just don't think it's going to carry 619 00:34:16,320 --> 00:34:17,920 Speaker 1: the day. I think that the numbers right now are 620 00:34:17,960 --> 00:34:20,680 Speaker 1: too bad for Democrats. Well, one thing that we know, 621 00:34:20,840 --> 00:34:23,360 Speaker 1: regardless of the issue, something that tends to play a 622 00:34:23,440 --> 00:34:26,240 Speaker 1: role is social media. And we do have some news 623 00:34:26,360 --> 00:34:29,520 Speaker 1: on that that Elon Musk is joining the board of Twitter. 624 00:34:29,600 --> 00:34:33,400 Speaker 1: He became the social media company's largest shareholder. And while 625 00:34:33,440 --> 00:34:36,799 Speaker 1: his joining has been somewhat controversial, he has a fan 626 00:34:37,120 --> 00:34:41,000 Speaker 1: in Congress, the top Republican in the House, Minority Leader 627 00:34:41,120 --> 00:34:47,200 Speaker 1: Kevin McCarthy. I think it's fabulous. Maybe he lived, Elon 628 00:34:47,800 --> 00:34:53,000 Speaker 1: believes in freedom. Elon is an entrepreneur, such an American 629 00:34:53,120 --> 00:34:58,000 Speaker 1: success story, so high high praise there from Leeder McCarthy. 630 00:34:58,080 --> 00:35:01,120 Speaker 1: And this really comes at an interesting time because Congress 631 00:35:01,120 --> 00:35:05,760 Speaker 1: has criticized big tech for censoring conservative views. Jamie, I'm wondering, 632 00:35:05,880 --> 00:35:09,120 Speaker 1: does someone like Elon Musk means so involved with Twitter 633 00:35:09,280 --> 00:35:13,000 Speaker 1: kind of change the political outlook for what Congress wants 634 00:35:13,040 --> 00:35:16,319 Speaker 1: to do when it comes to regulating big tech. You know, 635 00:35:16,400 --> 00:35:18,480 Speaker 1: it's been one of the strange areas where there's been 636 00:35:18,560 --> 00:35:22,120 Speaker 1: sort of bipartisan support for different reader bipartisan agreement, I 637 00:35:22,120 --> 00:35:25,040 Speaker 1: should say, for different reasons. Republicans and Democrats have all 638 00:35:25,080 --> 00:35:28,040 Speaker 1: been sort of clamoring to take a stab and a 639 00:35:28,080 --> 00:35:32,279 Speaker 1: step in regulating big tech and social media. And you know, 640 00:35:32,360 --> 00:35:34,840 Speaker 1: I think it's an open question because it's unclear to 641 00:35:34,920 --> 00:35:37,880 Speaker 1: me what Elon Musk has in mind. He's been suggesting 642 00:35:37,960 --> 00:35:40,840 Speaker 1: for weeks that Twitter doesn't allow for enough free speech. 643 00:35:41,160 --> 00:35:44,120 Speaker 1: He's talked about the algorithm, but it's unclear to me 644 00:35:44,200 --> 00:35:46,680 Speaker 1: exactly what he wants to see. He's talking, you know, 645 00:35:46,719 --> 00:35:50,680 Speaker 1: tweeting about significant improvements to Twitter and coming months. I 646 00:35:50,680 --> 00:35:52,839 Speaker 1: don't know what that means, and I'm curious to see, 647 00:35:52,840 --> 00:35:56,200 Speaker 1: whatever it means, how Congress reacts to that, because I'm 648 00:35:56,239 --> 00:35:58,640 Speaker 1: not convinced by the way that that is going to 649 00:35:59,120 --> 00:36:02,560 Speaker 1: diminish the all for instance, to address you know, challenges 650 00:36:02,600 --> 00:36:05,799 Speaker 1: from social media as it pertains to things like young 651 00:36:05,920 --> 00:36:08,720 Speaker 1: people and the impact on the way in which young women, 652 00:36:08,800 --> 00:36:11,000 Speaker 1: for instance, you view their bodies and other things that 653 00:36:11,040 --> 00:36:14,360 Speaker 1: Congress has really been delving into over the last two years. 654 00:36:15,080 --> 00:36:19,640 Speaker 1: Aside from the politics and all of that, I'm curious, Bill, 655 00:36:19,680 --> 00:36:22,480 Speaker 1: what you make of if Musk's If Musk has a 656 00:36:22,520 --> 00:36:25,360 Speaker 1: seat on Twitter's board, what does it mean for Twitter, 657 00:36:25,440 --> 00:36:27,160 Speaker 1: given that he really is somebody who has a bit 658 00:36:27,160 --> 00:36:28,839 Speaker 1: of a history of kind of shooting from the hip. 659 00:36:28,880 --> 00:36:32,520 Speaker 1: He put out a Twitter pole, uh, asking users if 660 00:36:32,520 --> 00:36:34,719 Speaker 1: they want an edit button. He's done Twitter polls on 661 00:36:34,960 --> 00:36:38,239 Speaker 1: what stocks he should buy. Uh. He got in a 662 00:36:38,280 --> 00:36:41,760 Speaker 1: little bit of hot water over uh smoking and joint 663 00:36:41,840 --> 00:36:45,000 Speaker 1: during an interview on a podcast that that seems to 664 00:36:45,000 --> 00:36:47,960 Speaker 1: be an issue. Emily, Yeah, I mean, it would be 665 00:36:48,080 --> 00:36:50,920 Speaker 1: very interesting to see what the future of Twitter is 666 00:36:50,960 --> 00:36:53,000 Speaker 1: going to be with Musk on the board. But of 667 00:36:53,040 --> 00:36:56,560 Speaker 1: course he's He's one out of multiple board members. Always 668 00:36:56,600 --> 00:36:59,279 Speaker 1: keep it interesting there. Well, thank you so much to 669 00:36:59,360 --> 00:37:02,000 Speaker 1: our panel, a genie and Bill for joining us today, 670 00:37:02,080 --> 00:37:06,400 Speaker 1: as well as Congressman Ken Calvert and Bloomberg Government's Greg Gabrow. 671 00:37:07,000 --> 00:37:09,800 Speaker 1: We've got more lawmakers who will be joining us tomorrow, 672 00:37:10,160 --> 00:37:14,320 Speaker 1: Democrat Derek Kilmer of Washington. But for now, I'm Emily 673 00:37:14,360 --> 00:37:18,239 Speaker 1: Wilkins here with Jack Fitzpatrick, and this is Bloomberg