1 00:00:02,520 --> 00:00:10,119 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. You're listening to the 2 00:00:10,119 --> 00:00:13,880 Speaker 1: Bloomberg Balance of Power podcast. Catch us live weekdays at 3 00:00:13,920 --> 00:00:17,119 Speaker 1: noon and five pm Eastern on Apple, Cocklay and Android 4 00:00:17,160 --> 00:00:20,520 Speaker 1: Auto with the Bloomberg Business App. Listen on demand wherever 5 00:00:20,600 --> 00:00:23,760 Speaker 1: you get your podcasts, or watch us live on YouTube. 6 00:00:25,000 --> 00:00:27,480 Speaker 2: It's amazing what a difference a day can make from 7 00:00:27,520 --> 00:00:30,680 Speaker 2: stocks plunging into correction Toria now a territory, to two 8 00:00:30,680 --> 00:00:32,840 Speaker 2: percent gains on the S and P five hundred today 9 00:00:33,440 --> 00:00:35,960 Speaker 2: and a complete turnaround happening on Capitol Hill as well. 10 00:00:36,080 --> 00:00:38,480 Speaker 2: This time twenty four hours ago, we were talking about 11 00:00:38,479 --> 00:00:41,280 Speaker 2: how we could be barreling toward a government shutdown after 12 00:00:41,320 --> 00:00:44,400 Speaker 2: the Senate Minority Leader Chuck Schumer have signaled Democrats would 13 00:00:44,400 --> 00:00:46,640 Speaker 2: not be providing the votes to get over a procedural 14 00:00:46,680 --> 00:00:50,240 Speaker 2: hurdle in the Senate that would be required to keep 15 00:00:50,280 --> 00:00:53,760 Speaker 2: the lights on and then que this on the Senate 16 00:00:53,800 --> 00:00:54,880 Speaker 2: floor just last night. 17 00:00:55,880 --> 00:00:59,680 Speaker 3: For Donald Trump, a shutdown would be a gift. Right now. 18 00:01:00,160 --> 00:01:03,720 Speaker 3: Trump owns the chaos and the government. He owns the 19 00:01:03,800 --> 00:01:08,000 Speaker 3: chaos in the stock market, He owns the damage happening 20 00:01:08,040 --> 00:01:11,200 Speaker 3: to our economy. It is my job to make the 21 00:01:11,240 --> 00:01:15,200 Speaker 3: best choice for the country to minimize the harms to 22 00:01:15,240 --> 00:01:19,560 Speaker 3: the American people. Therefore, I will vote to keep the 23 00:01:19,560 --> 00:01:22,679 Speaker 3: government open and not shut it down. 24 00:01:25,120 --> 00:01:27,160 Speaker 4: Taking to the New York Times with an op ed 25 00:01:27,400 --> 00:01:31,360 Speaker 4: as bad as passing the continuing resolution would be, Chuck 26 00:01:31,360 --> 00:01:34,759 Speaker 4: Schumer writes, I believe a government shutdown is far worse. 27 00:01:35,600 --> 00:01:37,360 Speaker 4: Let's bring it to Capitol Hill right now for the 28 00:01:37,440 --> 00:01:41,480 Speaker 4: very latest. Jack Fitzpatrick Bloomberg, government Congress reporter, is with 29 00:01:41,640 --> 00:01:44,440 Speaker 4: us live on the Hill today. Jack, of course specializes 30 00:01:44,440 --> 00:01:46,919 Speaker 4: in appropriations and has been through a couple of shutdowns 31 00:01:46,920 --> 00:01:50,360 Speaker 4: and a lot of threatened shutdowns. Looks like we may 32 00:01:50,360 --> 00:01:52,880 Speaker 4: be averting when here, Jack, you can let us know 33 00:01:52,920 --> 00:01:54,320 Speaker 4: if you see that the case. I know a lot 34 00:01:54,360 --> 00:01:56,680 Speaker 4: of Democrats still plan to vote no. But the headline, 35 00:01:56,720 --> 00:01:58,880 Speaker 4: Schumer caves, what change? 36 00:02:01,000 --> 00:02:03,640 Speaker 5: The key thing that changed is that there wasn't the 37 00:02:03,680 --> 00:02:07,320 Speaker 5: political will power to adopt an alternative plan. There was 38 00:02:07,360 --> 00:02:12,560 Speaker 5: a push by Democrats to say to Republican Defense Hawks 39 00:02:12,760 --> 00:02:15,760 Speaker 5: and Appropriations Committee members, hey, why don't we get a 40 00:02:15,800 --> 00:02:19,040 Speaker 5: real funding deal or we actually do the funding bills 41 00:02:19,160 --> 00:02:22,119 Speaker 5: rather than continuing things essentially on autopilot for the rest 42 00:02:22,120 --> 00:02:24,200 Speaker 5: of the fiscal year. They said, let's do a one 43 00:02:24,240 --> 00:02:26,680 Speaker 5: month stop gap that gives us time to do a 44 00:02:26,720 --> 00:02:29,560 Speaker 5: real deal. And they held out hope for a while 45 00:02:29,639 --> 00:02:32,480 Speaker 5: that enough Republicans would sign on so that they could 46 00:02:32,480 --> 00:02:36,160 Speaker 5: demand an amendment vote and try to get that enacted. 47 00:02:36,440 --> 00:02:39,200 Speaker 5: It just didn't come together, and there were enough Republican 48 00:02:39,280 --> 00:02:44,400 Speaker 5: lawmakers who stuck together. The Republican unity overpowered the Democratic unity, 49 00:02:44,680 --> 00:02:47,120 Speaker 5: and the Democrats faced the choice of either shutting the 50 00:02:47,120 --> 00:02:50,880 Speaker 5: government down or signing on to this stopgap measure. They're 51 00:02:50,919 --> 00:02:54,600 Speaker 5: both bad choices for Democrats, but as you heard Schumer say, 52 00:02:54,800 --> 00:02:58,200 Speaker 5: a shutdown gives more unilateral authority to Trump, and they 53 00:02:58,200 --> 00:02:59,079 Speaker 5: didn't want to do that. 54 00:03:00,520 --> 00:03:03,639 Speaker 2: Well, Jack, is interesting to hear the suggestion of democratic unity, 55 00:03:03,680 --> 00:03:06,840 Speaker 2: because certainly a lot of democratic displeasure has been expressed 56 00:03:06,840 --> 00:03:11,280 Speaker 2: at Schumer's decision, including just earlier today from the Speaker 57 00:03:11,320 --> 00:03:15,200 Speaker 2: America Nancy Pelosi, who posted on X Let's be clear, 58 00:03:15,400 --> 00:03:17,919 Speaker 2: neither is a good option referring to the cr shutdown 59 00:03:17,960 --> 00:03:20,240 Speaker 2: for the American people, but this false choice that some 60 00:03:20,360 --> 00:03:24,359 Speaker 2: are buying instead of fighting is unacceptable. She doesn't name 61 00:03:24,840 --> 00:03:27,640 Speaker 2: Chuck Schumer, Jack, but I think the message is pretty 62 00:03:27,639 --> 00:03:31,880 Speaker 2: clear considering she said she salutes Hakim Jeffries for his opposition. 63 00:03:31,960 --> 00:03:34,720 Speaker 2: What riffs has this opened up in the minority? 64 00:03:35,680 --> 00:03:39,680 Speaker 5: You know, I've asked Senate Democrats if Chuck Schumer's position 65 00:03:40,080 --> 00:03:43,640 Speaker 5: as leader is in peril or anything that dramatic, and 66 00:03:43,720 --> 00:03:46,720 Speaker 5: so far the answer seems to be no, He's the leader. 67 00:03:47,080 --> 00:03:50,960 Speaker 5: This is a logical choice, despite the heartburn over it. 68 00:03:51,200 --> 00:03:54,640 Speaker 5: But yeah, when you hear from Nancy Pelosi that this 69 00:03:54,920 --> 00:03:58,000 Speaker 5: was a false choice that they should never have gotten into. 70 00:03:58,320 --> 00:04:03,480 Speaker 5: When you see Alex Andrea Acossio Cortes essentially leading a 71 00:04:03,520 --> 00:04:06,800 Speaker 5: little campaign on X saying call your senators, tell them 72 00:04:06,840 --> 00:04:11,640 Speaker 5: to oppose this, it does reflect the difficulties ahead, not 73 00:04:11,800 --> 00:04:15,760 Speaker 5: just on this decision, but the Democratic unity or lack thereof, 74 00:04:15,800 --> 00:04:19,119 Speaker 5: will be very critical when it comes to future funding negotiations, 75 00:04:19,360 --> 00:04:22,080 Speaker 5: when it comes to probably the debt limit, which it 76 00:04:22,160 --> 00:04:24,280 Speaker 5: does not seem likely the Republicans will be able to 77 00:04:24,320 --> 00:04:27,120 Speaker 5: take care of without Democrats. So this is an early 78 00:04:27,279 --> 00:04:33,000 Speaker 5: test to see how Democrats handle these big, high stake fights. 79 00:04:33,360 --> 00:04:37,080 Speaker 5: And it's safe to say there is displeasure among plenty 80 00:04:37,080 --> 00:04:41,000 Speaker 5: of Democratic lawmakers with the attack that Schumer has taken here. 81 00:04:42,120 --> 00:04:44,640 Speaker 4: Yeah, it's interesting, Jack to see the markets rallying and 82 00:04:44,680 --> 00:04:47,920 Speaker 4: getting some credit for the fact that the government is 83 00:04:47,960 --> 00:04:50,880 Speaker 4: not shutting down. It's just one less thing to worry about. 84 00:04:51,440 --> 00:04:54,359 Speaker 4: I guess I wonder if Chuck Schumer, though, would have 85 00:04:54,400 --> 00:04:57,599 Speaker 4: brought himself to this point of making the statement on 86 00:04:57,600 --> 00:04:59,520 Speaker 4: the floor writing the op ed if he didn't know 87 00:04:59,600 --> 00:05:02,280 Speaker 4: he had the votes. Does he have at least seven 88 00:05:02,320 --> 00:05:03,680 Speaker 4: Democrats with him? 89 00:05:04,120 --> 00:05:07,000 Speaker 5: It seems likely that he does, although the whipcount has 90 00:05:07,040 --> 00:05:10,080 Speaker 5: been very difficult, which is again reflective of how tense 91 00:05:10,160 --> 00:05:13,360 Speaker 5: this has been. We know that John Fetterman is really 92 00:05:13,440 --> 00:05:16,479 Speaker 5: the one swing state Democrat who has said yes, I'm 93 00:05:16,480 --> 00:05:18,720 Speaker 5: definitely voting in favor of this. A number of other 94 00:05:18,839 --> 00:05:22,440 Speaker 5: swing state Democrats have said they're going to oppose it. 95 00:05:22,440 --> 00:05:25,680 Speaker 5: It seems that the support, along with Schumer and Fetterman 96 00:05:25,800 --> 00:05:28,919 Speaker 5: could come from people who don't face too much political pressure. 97 00:05:28,960 --> 00:05:31,720 Speaker 5: So if they themselves get blowback, it's okay because they 98 00:05:31,760 --> 00:05:34,320 Speaker 5: think it's the best thing for the party. Jack Reid 99 00:05:34,360 --> 00:05:36,760 Speaker 5: has not said specifically how he's going to vote, but 100 00:05:36,839 --> 00:05:40,479 Speaker 5: he said yesterday he's getting close to a vote to 101 00:05:40,680 --> 00:05:43,080 Speaker 5: end debate. So if you look at somebody like Jack Reid, 102 00:05:43,080 --> 00:05:46,640 Speaker 5: who's from Rhode Island, he doesn't have a tough reelection campaign. 103 00:05:46,960 --> 00:05:50,120 Speaker 5: Jean Shaheen, who is not seeking reelection, also at least 104 00:05:50,160 --> 00:05:54,400 Speaker 5: defended Schumer's logic on that. I think you're probably going 105 00:05:54,440 --> 00:05:56,560 Speaker 5: to see the votes come from people who feel that 106 00:05:56,600 --> 00:06:00,000 Speaker 5: they individually do not face too much political pressure, because 107 00:06:00,120 --> 00:06:02,520 Speaker 5: there is a lot of blowback from the Democratic base 108 00:06:02,600 --> 00:06:03,520 Speaker 5: over this decision. 109 00:06:05,200 --> 00:06:08,279 Speaker 2: All right, Jack Fitzpatrick of Bloomberg Government reporting on Congress 110 00:06:08,279 --> 00:06:10,000 Speaker 2: Live from Capitol Hill, thank you so much. 111 00:06:10,040 --> 00:06:10,360 Speaker 1: Again. 112 00:06:10,560 --> 00:06:13,320 Speaker 2: The deadline is midnight tonight, and we are expecting those 113 00:06:13,360 --> 00:06:16,120 Speaker 2: first procedural votes in the Senate could begin later on 114 00:06:16,160 --> 00:06:18,560 Speaker 2: this hour. Will of course bring you the latest of 115 00:06:18,600 --> 00:06:21,920 Speaker 2: what is happening on the floor. But of course, one 116 00:06:21,920 --> 00:06:24,360 Speaker 2: are the fundamental reasons, Joe, why Democrats had an issue 117 00:06:24,360 --> 00:06:26,880 Speaker 2: with this particular piece of legislation is in part because 118 00:06:26,920 --> 00:06:30,440 Speaker 2: it doesn't necessarily have language in it that ties the 119 00:06:30,480 --> 00:06:34,960 Speaker 2: president in the Trump administration to spend the money as appropriated. 120 00:06:35,000 --> 00:06:36,440 Speaker 2: That's one of the things that they were pushing for. 121 00:06:36,720 --> 00:06:38,480 Speaker 4: Yep, that's right, and there are a lot of questions 122 00:06:38,520 --> 00:06:41,680 Speaker 4: about what happens from here. Let's say we avoid a shutdown. 123 00:06:41,800 --> 00:06:45,600 Speaker 4: To Jack's point, will there be any conversation or bipartisan 124 00:06:45,640 --> 00:06:49,520 Speaker 4: approach to reconciliation, which really is a Republican matter. But 125 00:06:49,520 --> 00:06:51,320 Speaker 4: when you deal with things like the debt ceiling and 126 00:06:51,400 --> 00:06:54,200 Speaker 4: some very tricky issues, this is why the market is 127 00:06:54,200 --> 00:06:54,800 Speaker 4: paying attention. 128 00:06:55,120 --> 00:06:58,000 Speaker 2: Yep, and certainly paying attention. Is a member of Congress herself, 129 00:06:58,000 --> 00:07:00,640 Speaker 2: Congress from Nicole Mally Takas, the Republican from New York 130 00:07:00,680 --> 00:07:03,760 Speaker 2: is here with us now on Bloomberg TV and radio. 131 00:07:03,839 --> 00:07:06,520 Speaker 2: Welcome back to Balance of Power, Congressome and I do 132 00:07:06,560 --> 00:07:08,920 Speaker 2: wonder on the point that Democrats were making about whether 133 00:07:09,000 --> 00:07:12,720 Speaker 2: or not the administration will actually find or consider itself 134 00:07:12,800 --> 00:07:16,000 Speaker 2: tied to these figures in the continuing resolution. Is it 135 00:07:16,000 --> 00:07:18,400 Speaker 2: your expectation that they will spend all of the money 136 00:07:18,440 --> 00:07:20,360 Speaker 2: get it where it needs to go as appropriated. 137 00:07:21,960 --> 00:07:24,679 Speaker 6: Well, I think it's. Look, it gives them the flexibility 138 00:07:24,720 --> 00:07:27,400 Speaker 6: that if they find savings that in the future we 139 00:07:27,440 --> 00:07:29,760 Speaker 6: could rescind some of the funding that will no longer 140 00:07:29,800 --> 00:07:32,920 Speaker 6: be needed to save the taxpayers money. The thing about 141 00:07:32,920 --> 00:07:37,200 Speaker 6: this resolution is that it literally continues what was passed 142 00:07:37,240 --> 00:07:40,200 Speaker 6: in December with some minor changes. And some of those 143 00:07:40,200 --> 00:07:43,200 Speaker 6: minor changes there are increases to defense. As you know, 144 00:07:43,360 --> 00:07:46,600 Speaker 6: we need to build navy ships. We need to build submarines. 145 00:07:46,800 --> 00:07:50,160 Speaker 6: This is critical for our defense, particularly when communist China 146 00:07:50,200 --> 00:07:52,840 Speaker 6: is so far ahead of us. It also increases funding 147 00:07:52,880 --> 00:07:57,280 Speaker 6: for our veterans' health programs as well as increases military pay. 148 00:07:57,600 --> 00:08:01,880 Speaker 6: And then it also does some more for border security, 149 00:08:01,920 --> 00:08:04,920 Speaker 6: because that is a priority of this administration and all 150 00:08:04,960 --> 00:08:08,120 Speaker 6: the Republicans in the House of Representatives. But it also 151 00:08:08,360 --> 00:08:13,640 Speaker 6: increases the women and children nutritional food programs. Now, none 152 00:08:13,680 --> 00:08:16,200 Speaker 6: of that is controversial, and so I feel like the 153 00:08:16,240 --> 00:08:20,280 Speaker 6: Democrats actually created a political problem for themselves by coming 154 00:08:20,280 --> 00:08:24,880 Speaker 6: out so strongly against what is a continuing resolution more 155 00:08:25,000 --> 00:08:28,160 Speaker 6: or less what they voted for in December. They all 156 00:08:28,240 --> 00:08:30,760 Speaker 6: voted for it, but somehow they wanted to say that 157 00:08:30,840 --> 00:08:34,679 Speaker 6: this was partisan, that this was political, and they angered 158 00:08:34,720 --> 00:08:37,160 Speaker 6: their base now when they changed course and said that 159 00:08:37,240 --> 00:08:38,800 Speaker 6: they are going to support it in the end because 160 00:08:38,800 --> 00:08:41,920 Speaker 6: they don't want to shut down. This was so avoidable 161 00:08:42,040 --> 00:08:44,440 Speaker 6: by the Democrats. They should have just supported it as 162 00:08:44,520 --> 00:08:49,400 Speaker 6: they did in December, and the government stays open. Our military, 163 00:08:49,679 --> 00:08:53,520 Speaker 6: our border patrol agents, our traffic controllers get paid, and 164 00:08:53,559 --> 00:08:57,480 Speaker 6: the services that our American citizens rely on continues. And 165 00:08:57,520 --> 00:09:00,320 Speaker 6: so that's kind of what I don't understand why they 166 00:09:00,400 --> 00:09:02,360 Speaker 6: did this, but here we are. I'm happy that they 167 00:09:02,400 --> 00:09:04,520 Speaker 6: had a change of course and decide to support this 168 00:09:04,960 --> 00:09:07,120 Speaker 6: because the last thing we need right now is a 169 00:09:07,160 --> 00:09:09,920 Speaker 6: government shut down. We have so many other issues that 170 00:09:09,960 --> 00:09:13,120 Speaker 6: we're working on, including the tax cuts that must be 171 00:09:13,520 --> 00:09:16,520 Speaker 6: extended with some of the additional priorities of the President 172 00:09:17,120 --> 00:09:21,560 Speaker 6: to reduce taxes for seniors and those who are working class, 173 00:09:21,600 --> 00:09:25,320 Speaker 6: middle class families, and we have to avoid a debt default. 174 00:09:25,360 --> 00:09:26,920 Speaker 6: We have that coming down the pike in the next 175 00:09:26,960 --> 00:09:28,920 Speaker 6: couple of months. So we have a lot of things 176 00:09:28,920 --> 00:09:31,360 Speaker 6: we need to work on and we can't lose focus. 177 00:09:32,559 --> 00:09:35,480 Speaker 4: Well, so does this give you hope, congresswoman, that you'll 178 00:09:35,520 --> 00:09:37,440 Speaker 4: be able to work together on some of these issues 179 00:09:37,520 --> 00:09:39,760 Speaker 4: or we just had a new level of dysfunction here, 180 00:09:39,920 --> 00:09:43,440 Speaker 4: an impasse between the two parties. Republicans charge ahead on 181 00:09:43,480 --> 00:09:44,839 Speaker 4: their own on reconciliation. 182 00:09:46,440 --> 00:09:46,680 Speaker 7: Yeah. 183 00:09:46,679 --> 00:09:49,160 Speaker 6: Well, and this was a perfect example because when it 184 00:09:49,160 --> 00:09:52,960 Speaker 6: was voted for in December, it was bipartisan. We had 185 00:09:53,000 --> 00:09:54,880 Speaker 6: the Republicans control on the House, but you had the 186 00:09:54,920 --> 00:09:57,319 Speaker 6: Democrats controlling the Senate, and you had Joe Biden to 187 00:09:57,320 --> 00:10:01,120 Speaker 6: the White House. So this was a bipartisan resolution. That 188 00:10:01,160 --> 00:10:05,199 Speaker 6: we have now continued for a six month period. I 189 00:10:05,280 --> 00:10:08,040 Speaker 6: think that, look, there's some opportunities obviously to work with 190 00:10:08,040 --> 00:10:10,720 Speaker 6: the Democrats. But if they want to join us in 191 00:10:10,920 --> 00:10:14,920 Speaker 6: actually right sizing government, making it work for the people, 192 00:10:15,120 --> 00:10:17,480 Speaker 6: they want to give money back to the taxpayers, if 193 00:10:17,480 --> 00:10:20,920 Speaker 6: they want to reduce taxes for our seniors on Social Security, 194 00:10:21,920 --> 00:10:25,400 Speaker 6: you know, there's plenty of opportunities to work together. I 195 00:10:25,520 --> 00:10:29,199 Speaker 6: just don't know that they will support anything that Republicans 196 00:10:29,200 --> 00:10:32,000 Speaker 6: come up with, simply because the Republicans came up with it, 197 00:10:32,160 --> 00:10:34,040 Speaker 6: and so, you know, maybe I'm a remember of the 198 00:10:34,040 --> 00:10:36,640 Speaker 6: problem solveros Caucus, and so I have hope that we 199 00:10:36,679 --> 00:10:39,200 Speaker 6: can work in a bipartisan fashion. We've seen it happen 200 00:10:39,240 --> 00:10:43,040 Speaker 6: in the past, and hopefully we'll see see that come together. 201 00:10:43,120 --> 00:10:47,000 Speaker 6: I think the more important thing with the Reconciliation package 202 00:10:47,040 --> 00:10:52,200 Speaker 6: is it can pass among with just Republican votes. So 203 00:10:52,240 --> 00:10:54,000 Speaker 6: I think the important thing is to figure out where 204 00:10:54,000 --> 00:10:56,960 Speaker 6: we are as a conference and work with each other 205 00:10:57,120 --> 00:10:59,600 Speaker 6: first and try to come up with something that we 206 00:10:59,600 --> 00:11:02,480 Speaker 6: can pass, and then hope that the Democrats will join us, 207 00:11:02,480 --> 00:11:06,480 Speaker 6: because it's the right policy for this country for the economy. Look, 208 00:11:06,520 --> 00:11:08,760 Speaker 6: we cannot allow the tax cuts to expire. That's a 209 00:11:08,800 --> 00:11:11,640 Speaker 6: four and a half trillion dollar increase. You'll see corporate 210 00:11:11,720 --> 00:11:14,760 Speaker 6: rates go up, personal income rates go up, child tax 211 00:11:14,800 --> 00:11:17,480 Speaker 6: credit will be cut in half, the standard deduction will 212 00:11:17,520 --> 00:11:20,320 Speaker 6: be cut in half, the altern to minimum tax will return. 213 00:11:20,440 --> 00:11:23,080 Speaker 6: That will be terrible for our economy. Whether you're a 214 00:11:23,080 --> 00:11:27,600 Speaker 6: business or a family, it would be bad. And so 215 00:11:27,840 --> 00:11:30,000 Speaker 6: you know, hopefully the Democrats will work with us to 216 00:11:30,200 --> 00:11:31,400 Speaker 6: prevent that from happening. 217 00:11:33,360 --> 00:11:35,760 Speaker 2: Well, so, Congressman, obviously you have a seat on the 218 00:11:35,800 --> 00:11:38,160 Speaker 2: Ways and Means Committee, can you shed some light as 219 00:11:38,160 --> 00:11:40,440 Speaker 2: to what forward progress has been made on the actual 220 00:11:40,520 --> 00:11:44,320 Speaker 2: crafting of the tax portion of the reconciliation bill. Is 221 00:11:44,360 --> 00:11:47,040 Speaker 2: everything the President asks for right now at least included 222 00:11:47,160 --> 00:11:50,840 Speaker 2: in the outline. Are are you having discussions around compromises. 223 00:11:52,400 --> 00:11:55,240 Speaker 6: Well, it's all on the table. We're been going through 224 00:11:55,520 --> 00:11:59,200 Speaker 6: every single provision, both from the individual standpoint to the 225 00:11:59,240 --> 00:12:04,760 Speaker 6: corporate to the green energy credits that Joe Biden had offered. 226 00:12:05,120 --> 00:12:07,520 Speaker 6: We're going through it all and we're getting consensus on 227 00:12:07,559 --> 00:12:12,319 Speaker 6: where our members stand on these issues. We can't craft 228 00:12:12,400 --> 00:12:15,959 Speaker 6: the tax bill yet because we don't have the budget 229 00:12:16,000 --> 00:12:18,760 Speaker 6: resolution back from the Senate. So we really don't know 230 00:12:19,120 --> 00:12:22,240 Speaker 6: what the top line will be. The House gave the 231 00:12:22,240 --> 00:12:24,920 Speaker 6: Ways and Means Committee four and a half trillion dollars 232 00:12:25,320 --> 00:12:29,720 Speaker 6: which we can extend the existing tax cuts from twenty seventeen, 233 00:12:30,080 --> 00:12:33,040 Speaker 6: and then we can incorporate some of the new provisions 234 00:12:33,040 --> 00:12:35,719 Speaker 6: that the President wants when it comes to the seniors 235 00:12:35,800 --> 00:12:40,280 Speaker 6: and tipped workers and over time within those parameters. If 236 00:12:40,360 --> 00:12:44,720 Speaker 6: with parameters, rather can't do it unlimited, but I think 237 00:12:44,720 --> 00:12:46,720 Speaker 6: that we can come up with a very good product. 238 00:12:46,720 --> 00:12:48,720 Speaker 6: And what we've been doing now is actually, you know, 239 00:12:48,800 --> 00:12:53,040 Speaker 6: crunching those numbers, seeing what parameters could potentially work, where 240 00:12:53,080 --> 00:12:56,240 Speaker 6: we would get these offsets, the offsets for these provisions, 241 00:12:56,520 --> 00:12:58,360 Speaker 6: and we're kind of going through that process now so 242 00:12:58,400 --> 00:13:01,520 Speaker 6: we know what's on the menu. And then when we 243 00:13:01,600 --> 00:13:03,800 Speaker 6: get the top line from the Senate and that resolution 244 00:13:03,920 --> 00:13:07,160 Speaker 6: passes both houses, then we can actually go and begin 245 00:13:07,280 --> 00:13:11,080 Speaker 6: drafting the legislation with certainty on which provisions would be 246 00:13:11,080 --> 00:13:12,080 Speaker 6: included in which wouldn't. 247 00:13:13,480 --> 00:13:16,760 Speaker 4: Fis Mamalia Takas. We tend to talk about an important 248 00:13:16,760 --> 00:13:19,839 Speaker 4: issue for you, which is border security, immigration, and we're 249 00:13:19,880 --> 00:13:21,840 Speaker 4: going to be hearing from President Trump a bit later 250 00:13:21,880 --> 00:13:24,960 Speaker 4: on today at the Department of Justice. There is reporting 251 00:13:25,000 --> 00:13:28,400 Speaker 4: that he is expected to invoke the Alien Enemies Act, 252 00:13:28,440 --> 00:13:31,760 Speaker 4: which is something he's talked about before, to cover this 253 00:13:31,960 --> 00:13:36,120 Speaker 4: plan for mass deportations. This is something that's not been 254 00:13:36,200 --> 00:13:39,080 Speaker 4: used since World War Two. It's to detain and deport 255 00:13:39,080 --> 00:13:42,080 Speaker 4: the natives and citizens of an enemy nation. If you 256 00:13:42,120 --> 00:13:44,880 Speaker 4: support mass deportations, is this the way to go about 257 00:13:44,920 --> 00:13:45,280 Speaker 4: doing it. 258 00:13:46,840 --> 00:13:50,000 Speaker 6: I think we need to focus on the people who 259 00:13:50,000 --> 00:13:54,319 Speaker 6: are committing crimes in this country. I don't support just 260 00:13:55,600 --> 00:13:59,560 Speaker 6: tossing people out of the country. We need to actually 261 00:13:59,600 --> 00:14:02,400 Speaker 6: go after to the people who are committing crimes, who 262 00:14:02,440 --> 00:14:04,920 Speaker 6: are hurting others. We've seen a lot of this happening 263 00:14:04,960 --> 00:14:07,240 Speaker 6: in New York City. New York City has been the 264 00:14:07,240 --> 00:14:11,320 Speaker 6: poster child, sadly for the gang members, the drug tach traffickers, 265 00:14:11,559 --> 00:14:14,480 Speaker 6: and other criminals wreaking havoc. The President has done an 266 00:14:14,480 --> 00:14:19,120 Speaker 6: amazing job focusing resources on getting thousands of criminals off 267 00:14:19,160 --> 00:14:21,840 Speaker 6: the streets of New York and our country. They even 268 00:14:21,840 --> 00:14:25,200 Speaker 6: deported a murderer the other day from the Dominican Republic 269 00:14:25,280 --> 00:14:28,160 Speaker 6: who was wanted in his homeland. That is outrageous. And 270 00:14:28,200 --> 00:14:30,920 Speaker 6: the fact that the Biden administration and the Democrats who 271 00:14:30,960 --> 00:14:33,800 Speaker 6: represent New York City allowed that to even happen. That 272 00:14:33,880 --> 00:14:36,280 Speaker 6: these people were not only being harbored here, they are 273 00:14:36,320 --> 00:14:39,520 Speaker 6: given free luxury hotel rooms at the expense of we 274 00:14:39,680 --> 00:14:42,560 Speaker 6: the people. That should have never happened. And I'm glad 275 00:14:42,600 --> 00:14:45,120 Speaker 6: that President Trump is taking action, but we have to 276 00:14:45,120 --> 00:14:48,840 Speaker 6: be cautious here. Immigration obviously is a very important issue. 277 00:14:48,920 --> 00:14:51,440 Speaker 6: We need immigrants for our economy. We need to make 278 00:14:51,480 --> 00:14:53,720 Speaker 6: sure we're doing this the right way, and we do 279 00:14:53,800 --> 00:14:58,120 Speaker 6: need to give people an opportunity to become citizens if 280 00:14:58,120 --> 00:15:00,920 Speaker 6: they followed the rules and our laws. My office, I'm 281 00:15:01,000 --> 00:15:03,560 Speaker 6: very proud by the way New York City probably helped 282 00:15:03,560 --> 00:15:06,200 Speaker 6: more people become US citizens. People that were caught in 283 00:15:06,240 --> 00:15:08,840 Speaker 6: the bureaucracy in the red tape, they came legally, they 284 00:15:08,920 --> 00:15:12,400 Speaker 6: did everything right, and we help them become United States citizens. 285 00:15:12,640 --> 00:15:15,040 Speaker 6: I'm very proud of that. I'm the daughter of immigrants myself. 286 00:15:15,240 --> 00:15:17,760 Speaker 6: So we have to have a very clear line between 287 00:15:18,080 --> 00:15:21,360 Speaker 6: people who are here doing the wrong thing, committing crimes 288 00:15:21,400 --> 00:15:24,640 Speaker 6: and taking advantage of America's generosity, and those who are 289 00:15:24,680 --> 00:15:27,560 Speaker 6: here to contribute, work hard, and be productive members of 290 00:15:27,560 --> 00:15:28,320 Speaker 6: our society. 291 00:15:29,360 --> 00:15:31,960 Speaker 4: Yeah, I appreciate that answer. Congress Woman Nicole Malia Takas, 292 00:15:32,000 --> 00:15:35,360 Speaker 4: Republican from New York's eleventh Districts back with us here 293 00:15:35,400 --> 00:15:38,160 Speaker 4: on Bloomberg TV and Radio. I'm Joe, Matthew and Washington 294 00:15:38,200 --> 00:15:42,120 Speaker 4: alongside Kaylee Lions will assemble our signature panel. Next, Gdi 295 00:15:42,160 --> 00:15:44,440 Speaker 4: Shanzano and Rick Davis are with us as we look 296 00:15:44,480 --> 00:15:48,560 Speaker 4: ahead to a midnight funding deadline and apparently no government 297 00:15:48,600 --> 00:15:51,960 Speaker 4: shut down on the works. Minority Leader Chuck Schumer says 298 00:15:52,000 --> 00:15:54,160 Speaker 4: he's on board and ready to vote yes. We'll have 299 00:15:54,240 --> 00:15:55,720 Speaker 4: more ahead Right here on Bloomberg. 300 00:15:58,040 --> 00:16:01,520 Speaker 1: You're listening to the Bloomberg Bells of Power podcast. Catch 301 00:16:01,600 --> 00:16:04,400 Speaker 1: us live weekdays at noon and five pm. He's durn 302 00:16:04,560 --> 00:16:08,000 Speaker 1: on Apple Cocklay and Android Auto with the Bloomberg Business app. 303 00:16:08,040 --> 00:16:11,040 Speaker 1: You can also listen live on Amazon Alexa from our 304 00:16:11,080 --> 00:16:16,200 Speaker 1: flagship New York station Just Say Alexa played Bloomberg eleven thirty. 305 00:16:17,080 --> 00:16:19,600 Speaker 2: Here in Washington, we are on watch this hour for 306 00:16:19,760 --> 00:16:22,160 Speaker 2: a vote on the Senate floor, the first procedural vote 307 00:16:22,200 --> 00:16:25,000 Speaker 2: that is needed in order to try to advance the 308 00:16:25,080 --> 00:16:27,920 Speaker 2: legislation that could see the government stay open beyond midnight 309 00:16:27,960 --> 00:16:32,480 Speaker 2: tonight if all goes according to plan, Although the plan 310 00:16:32,560 --> 00:16:34,600 Speaker 2: has changed in the last twenty four hours at least 311 00:16:34,600 --> 00:16:38,640 Speaker 2: four Democrats in the Senate Minority. First, the Senate Minority Leader, 312 00:16:38,720 --> 00:16:40,880 Speaker 2: Chuck Schumer, of course, said they would not be providing 313 00:16:41,280 --> 00:16:44,520 Speaker 2: the votes necessary to get to sixty on the Senate floor. 314 00:16:44,560 --> 00:16:46,600 Speaker 2: He then had a big about face on the Senate 315 00:16:46,640 --> 00:16:49,680 Speaker 2: floor last night, saying that while this CR is bad, 316 00:16:49,880 --> 00:16:52,160 Speaker 2: a shutdown would be worse, and that is why Schumer 317 00:16:52,200 --> 00:16:55,520 Speaker 2: has come out and said he will support the continuing Resolution. 318 00:16:55,600 --> 00:16:57,920 Speaker 2: The question is whether there are six other Democrats if 319 00:16:57,920 --> 00:17:01,400 Speaker 2: you include him along with Senator John Fetterman of Pennsylvania, 320 00:17:01,440 --> 00:17:04,479 Speaker 2: to go along with this considering many other Democrats are 321 00:17:04,520 --> 00:17:08,840 Speaker 2: angry about the U turn, including Progressive Congressoman Alexandria Cossio 322 00:17:08,880 --> 00:17:11,240 Speaker 2: Cortez of New York, who had this to say on 323 00:17:11,320 --> 00:17:12,240 Speaker 2: CNN last night. 324 00:17:12,880 --> 00:17:15,280 Speaker 8: I think that what we need right now is a 325 00:17:15,440 --> 00:17:19,639 Speaker 8: United Senate Democratic caucus that can stand up for this 326 00:17:19,760 --> 00:17:23,159 Speaker 8: country and not vote for cloture and not vote for 327 00:17:23,200 --> 00:17:26,800 Speaker 8: this bill. And I cannot urge enough how bad of 328 00:17:26,800 --> 00:17:29,840 Speaker 8: an idea it is to empower and enable Donald Trump 329 00:17:29,840 --> 00:17:32,520 Speaker 8: and Elon Musk in this moment. It is dangerous and 330 00:17:32,520 --> 00:17:33,320 Speaker 8: it is reckless. 331 00:17:34,600 --> 00:17:37,080 Speaker 4: On the other side of the argument, Chuck Schumer again 332 00:17:37,160 --> 00:17:39,040 Speaker 4: in an op ed in the New York Times. As 333 00:17:39,080 --> 00:17:43,200 Speaker 4: bad as passing the continuing Resolution would be, I believe 334 00:17:43,240 --> 00:17:45,760 Speaker 4: government shutdown is far worse. And that's where we start 335 00:17:45,800 --> 00:17:48,320 Speaker 4: with our signature panel this hour. Rick Davis and Genie 336 00:17:48,359 --> 00:17:51,639 Speaker 4: Shanzano are with us here on the Friday edition. Geny 337 00:17:51,720 --> 00:17:55,280 Speaker 4: is our democratic strategist, political science professor at Iona University. 338 00:17:55,359 --> 00:17:59,440 Speaker 4: Rickus partner at Stone Court Capital, and our Republican strategist. 339 00:18:00,000 --> 00:18:03,159 Speaker 4: Where are we here, Jeanie? We keep having Republicans tell 340 00:18:03,240 --> 00:18:08,280 Speaker 4: us that Democrats are in disarray. Obviously, Chuck Schumer is 341 00:18:08,600 --> 00:18:12,159 Speaker 4: not going to have the full support of his membership 342 00:18:12,200 --> 00:18:14,080 Speaker 4: in the Senate. Will we avoid a shutdown? 343 00:18:15,640 --> 00:18:18,520 Speaker 7: We still don't know. I think we likely will. I 344 00:18:18,680 --> 00:18:21,439 Speaker 7: said yesterday this was a Hobson's choice. It is a 345 00:18:21,480 --> 00:18:24,400 Speaker 7: horrible position for the Democrats to be in. I do 346 00:18:24,520 --> 00:18:28,679 Speaker 7: think Chuck Schumer is making the right call here. But 347 00:18:28,760 --> 00:18:32,320 Speaker 7: there is another problem, and that is that many, many 348 00:18:32,359 --> 00:18:36,000 Speaker 7: Democrats do not think Chuck Schumer is the right leader 349 00:18:36,160 --> 00:18:39,440 Speaker 7: for this moment. And I will just give you one example. 350 00:18:40,119 --> 00:18:43,399 Speaker 7: A lot of young Democrats out there feel and have 351 00:18:43,680 --> 00:18:48,200 Speaker 7: mocked widely his attempts to protest at the Treasury Department 352 00:18:48,240 --> 00:18:52,879 Speaker 7: the other day. They feel strongly that the Democratic leadership 353 00:18:52,920 --> 00:18:56,600 Speaker 7: has led them down, or let them down rather, and 354 00:18:56,720 --> 00:19:00,280 Speaker 7: Chuck Schumer sort of epitomizes that. So while I do 355 00:19:00,400 --> 00:19:03,840 Speaker 7: think the decision on this vote is correct, it is 356 00:19:03,920 --> 00:19:07,040 Speaker 7: a bitter pill for him to swallow for Democrats, and 357 00:19:07,280 --> 00:19:11,439 Speaker 7: I don't think they want Chuck Schumer leading them in 358 00:19:11,520 --> 00:19:14,560 Speaker 7: the near future. And of course, not to forget, AOC 359 00:19:14,840 --> 00:19:18,520 Speaker 7: is considering a primary challenge to Chuck Schumer in the 360 00:19:18,560 --> 00:19:21,280 Speaker 7: coming years, and that is something she may very well 361 00:19:21,359 --> 00:19:23,080 Speaker 7: do if she doesn't have her sight set on the 362 00:19:23,080 --> 00:19:23,600 Speaker 7: White House. 363 00:19:25,160 --> 00:19:28,080 Speaker 2: So, Rick, how bad of a miscalculation was this here? 364 00:19:28,160 --> 00:19:33,879 Speaker 2: Because would it feels as difficult optically for Chuck Schumer 365 00:19:33,920 --> 00:19:36,960 Speaker 2: if he hadn't just before saying he would vote for 366 00:19:37,000 --> 00:19:39,840 Speaker 2: the continuing Resolution go to the floor and say Republicans 367 00:19:40,160 --> 00:19:43,160 Speaker 2: don't have the votes, the Democrats won't support it. Why 368 00:19:43,200 --> 00:19:44,760 Speaker 2: do the first part if you were then going to 369 00:19:44,800 --> 00:19:46,240 Speaker 2: flip in round two? 370 00:19:47,920 --> 00:19:50,920 Speaker 9: Yeah, Yeah, that's a really good question, Kaylee. 371 00:19:50,960 --> 00:19:52,000 Speaker 4: It's unexplainable. 372 00:19:52,720 --> 00:19:56,600 Speaker 9: Once this bill passed the House of Representatives, it was 373 00:19:56,720 --> 00:19:59,400 Speaker 9: destined to pass the Senate. The House of Representative went 374 00:19:59,400 --> 00:20:02,040 Speaker 9: out of town, which meant that if they did not 375 00:20:02,240 --> 00:20:05,560 Speaker 9: pass exactly this bill, then there was a government shutdown 376 00:20:05,640 --> 00:20:08,439 Speaker 9: prima facie. Right, House wasn't going to drop everything they 377 00:20:08,440 --> 00:20:10,840 Speaker 9: were doing in their districts and returned up back to 378 00:20:11,040 --> 00:20:14,000 Speaker 9: vote on a new bill by the Senate. So there 379 00:20:14,040 --> 00:20:17,160 Speaker 9: was really only one pathway here, and that was always 380 00:20:17,200 --> 00:20:20,199 Speaker 9: to support this bill. It is not a substantially different 381 00:20:20,240 --> 00:20:23,560 Speaker 9: bill than what had passed, you know, earlier in the year, 382 00:20:23,600 --> 00:20:25,800 Speaker 9: and what had passed the year, you know, like at 383 00:20:25,840 --> 00:20:27,600 Speaker 9: the end of last year. I mean, we keep kicking 384 00:20:27,640 --> 00:20:29,840 Speaker 9: the can. Don't get me started about where the twelve 385 00:20:30,200 --> 00:20:33,679 Speaker 9: appropriations bills for f y twenty five, because you know, 386 00:20:34,480 --> 00:20:37,480 Speaker 9: you'd have a different conversation about the lack of leadership 387 00:20:37,880 --> 00:20:40,920 Speaker 9: in Congress. But the bottom line is, I don't think 388 00:20:40,920 --> 00:20:43,760 Speaker 9: this is the right fight. I mean, as wants to 389 00:20:43,760 --> 00:20:47,920 Speaker 9: pick a fight, what's her plan? Don't agree to any 390 00:20:48,320 --> 00:20:51,600 Speaker 9: continuing resolution. She didn't put forth an idea that said, 391 00:20:51,640 --> 00:20:54,320 Speaker 9: here's the only continuing resolution I'd be willing to support. 392 00:20:55,240 --> 00:20:58,280 Speaker 9: She's you know, her party supported this last time, her 393 00:20:58,440 --> 00:21:00,200 Speaker 9: presidence signed this in the law. 394 00:21:01,119 --> 00:21:01,800 Speaker 4: So I don't know. 395 00:21:01,920 --> 00:21:03,920 Speaker 9: I mean, I think this has much to do about 396 00:21:03,920 --> 00:21:06,040 Speaker 9: nothing I think this is AOC. She must have heard 397 00:21:06,080 --> 00:21:08,479 Speaker 9: our program when I said last week that she's all 398 00:21:08,520 --> 00:21:13,160 Speaker 9: but disappeared. Boom right back into it. So I think 399 00:21:13,200 --> 00:21:14,400 Speaker 9: this is just grandstanding. 400 00:21:16,080 --> 00:21:19,639 Speaker 4: Well, okay, is it disingenuous here, Genie? What does it 401 00:21:19,680 --> 00:21:22,520 Speaker 4: tell us about all of the fights that have yet 402 00:21:22,520 --> 00:21:25,040 Speaker 4: to take place? We're just scratching the surface on a 403 00:21:25,080 --> 00:21:28,200 Speaker 4: cr here. You've got Trump tax cuts, the debt limit, 404 00:21:28,200 --> 00:21:30,040 Speaker 4: and a lot of other issues coming down the pipe 405 00:21:30,040 --> 00:21:32,520 Speaker 4: on the Capitol Hill here. What does it mean for those. 406 00:21:33,560 --> 00:21:36,679 Speaker 7: Yeah, we've only just begun, Joe, That's what it means. 407 00:21:36,800 --> 00:21:40,240 Speaker 7: And you know, to pour salt into the wound. Donald 408 00:21:40,280 --> 00:21:43,399 Speaker 7: Trump took to truth Social just a little bit ago 409 00:21:43,480 --> 00:21:46,840 Speaker 7: to congratulate Chuck Schumer on doing the right thing. That's 410 00:21:47,040 --> 00:21:50,040 Speaker 7: also bitter for Chuck Schumer. And you know, I don't 411 00:21:50,119 --> 00:21:55,840 Speaker 7: think that, you know, AOC Alexander Casio Cortes is being disingenuous. 412 00:21:56,119 --> 00:21:59,760 Speaker 7: I think she is reflecting an enormous divide in the party. 413 00:22:00,280 --> 00:22:04,320 Speaker 7: Much of that is again generational, even though Killy, You're right, 414 00:22:04,440 --> 00:22:07,840 Speaker 7: we saw and I was surprised Nancy Pelosi come out 415 00:22:07,880 --> 00:22:11,080 Speaker 7: and support wing of the party in this approach. 416 00:22:11,200 --> 00:22:14,359 Speaker 6: But to Rick's point, they have no plan. 417 00:22:14,880 --> 00:22:18,000 Speaker 7: This is essentially the same bill they voted for, to 418 00:22:18,040 --> 00:22:21,560 Speaker 7: the representative's point in December when it was Joe Biden's bill, 419 00:22:21,880 --> 00:22:25,359 Speaker 7: And so it's bitter to swallow. But Chuck Schumer is 420 00:22:25,440 --> 00:22:27,320 Speaker 7: right on this. He just may not be the right 421 00:22:27,320 --> 00:22:28,919 Speaker 7: person to lead this caucus forward. 422 00:22:30,440 --> 00:22:33,400 Speaker 2: Well, and Genie, I do wonder what opportunities there will 423 00:22:33,440 --> 00:22:36,520 Speaker 2: be for real leadership of any kind of resistance after 424 00:22:36,680 --> 00:22:40,320 Speaker 2: this if the government's funded until September thirtieth, and Republicans 425 00:22:40,320 --> 00:22:44,320 Speaker 2: are planning on getting Trump's agenda through on party line 426 00:22:44,320 --> 00:22:49,640 Speaker 2: budget reconciliation legislation, where do you resist next? 427 00:22:50,600 --> 00:22:53,199 Speaker 7: Well, this is the thing, you know, Democrats have to 428 00:22:53,280 --> 00:22:57,560 Speaker 7: realize their next big shot is the midterm. They really 429 00:22:57,640 --> 00:23:00,119 Speaker 7: do need to hold their fire. And Chuck Schumer is 430 00:23:00,200 --> 00:23:04,400 Speaker 7: trying to say this last night, which was essentially the 431 00:23:04,720 --> 00:23:08,000 Speaker 7: all of the negative coverage that Donald Trump is getting 432 00:23:08,000 --> 00:23:11,680 Speaker 7: for the markets and everything else. Does Elon Musk We 433 00:23:11,760 --> 00:23:13,800 Speaker 7: should not step into this, and that is an old 434 00:23:13,840 --> 00:23:17,240 Speaker 7: rule of politics. When your opposition is having a difficult time, 435 00:23:17,600 --> 00:23:20,760 Speaker 7: don't make yourself the story, especially if there is no 436 00:23:20,920 --> 00:23:24,040 Speaker 7: plan to get out of this. And how can Democrats 437 00:23:24,280 --> 00:23:27,479 Speaker 7: fight about them shutting down the government when they're voting 438 00:23:27,520 --> 00:23:30,240 Speaker 7: to shut down the government. Again, not a good option. 439 00:23:30,560 --> 00:23:34,200 Speaker 7: But Democrats need to focus on the midterm election, where 440 00:23:34,240 --> 00:23:37,119 Speaker 7: they may well pick up seats at least in the 441 00:23:37,200 --> 00:23:39,840 Speaker 7: House and take back that branch of government. If they 442 00:23:39,880 --> 00:23:43,680 Speaker 7: shut down the government, who knows how much attention negative 443 00:23:43,720 --> 00:23:45,800 Speaker 7: that would go their way and that would be really 444 00:23:45,800 --> 00:23:47,040 Speaker 7: difficult for them. 445 00:23:47,720 --> 00:23:50,680 Speaker 4: I mentioned earlier in our first hour, Rick, I saw 446 00:23:50,720 --> 00:23:52,639 Speaker 4: a lot of signs coming into work this morning. There 447 00:23:52,640 --> 00:23:56,119 Speaker 4: were protesters scattered around a number of agencies, including the 448 00:23:56,119 --> 00:24:00,720 Speaker 4: Department of Justice. Signs said fire elon and sell you tesla. 449 00:24:01,240 --> 00:24:03,480 Speaker 4: There's a lot of outrage, and we've talked about this 450 00:24:03,520 --> 00:24:06,439 Speaker 4: when it comes to town hall meetings that some lawmakers 451 00:24:06,440 --> 00:24:09,000 Speaker 4: are now hearing not even so much about what the 452 00:24:09,080 --> 00:24:12,840 Speaker 4: doge is doing, but how it's really boiled over, as 453 00:24:12,840 --> 00:24:14,800 Speaker 4: you might have seen on social media in a town 454 00:24:14,840 --> 00:24:19,000 Speaker 4: hall session with North Carolina Republican Chuck Edwards. Let's give 455 00:24:19,040 --> 00:24:20,720 Speaker 4: everyone a taste and have you respond. 456 00:24:21,720 --> 00:24:24,360 Speaker 10: I have supported, even as a state senator, the fact 457 00:24:24,400 --> 00:24:27,879 Speaker 10: that we should abolish the US Department of Education. The 458 00:24:27,960 --> 00:24:31,840 Speaker 10: decisions need to be kay. So, first of all, there 459 00:24:31,840 --> 00:24:35,040 Speaker 10: have been no cuts to the staff via as in 460 00:24:35,119 --> 00:24:44,040 Speaker 10: this point, and you certainly will have the right in 461 00:24:44,119 --> 00:24:47,000 Speaker 10: the next election to cast your vote based off of 462 00:24:47,080 --> 00:24:49,680 Speaker 10: what you hear coming from you now. 463 00:24:49,840 --> 00:24:50,399 Speaker 4: Like him or not. 464 00:24:50,560 --> 00:24:53,719 Speaker 10: Elon Musk has brought a lot of really smart people 465 00:24:53,960 --> 00:24:58,000 Speaker 10: to those I was proud to vote recently for the 466 00:24:58,040 --> 00:25:01,320 Speaker 10: House Budget Resolution, which provides the framework. 467 00:25:09,440 --> 00:25:09,640 Speaker 8: Yep. 468 00:25:13,400 --> 00:25:14,320 Speaker 3: And you wonder why. 469 00:25:14,200 --> 00:25:18,639 Speaker 4: Folks don't want to do these town halls, hm, Rick Davis, 470 00:25:18,680 --> 00:25:21,720 Speaker 4: This is bringing me back to Obamacare summer. Here, things 471 00:25:21,760 --> 00:25:24,280 Speaker 4: got so tough in the room. Security had to escort 472 00:25:24,720 --> 00:25:27,719 Speaker 4: the congressman out for his own safety. This is why 473 00:25:28,040 --> 00:25:32,119 Speaker 4: many Republican lawmakers are being told not to hold town halls. 474 00:25:32,160 --> 00:25:34,120 Speaker 4: What does it tell us about this moment in time? 475 00:25:34,880 --> 00:25:38,720 Speaker 9: Yeah, evidently Chuck didn't get the memo. Yeah, look, I 476 00:25:38,720 --> 00:25:43,520 Speaker 9: mean it's it's it's stoking excitement, you know in voters 477 00:25:43,560 --> 00:25:46,920 Speaker 9: what's happening in Washington. And you know, there's a part 478 00:25:46,960 --> 00:25:49,880 Speaker 9: of me, as an organizer, who thinks that's really good. Right. 479 00:25:49,920 --> 00:25:52,080 Speaker 9: People are engaged, they're coming to these town halls, they're 480 00:25:52,160 --> 00:25:53,160 Speaker 9: making their voices known. 481 00:25:53,200 --> 00:25:55,360 Speaker 4: That's what they're for. Uh. 482 00:25:55,400 --> 00:25:58,439 Speaker 9: And and we we can learn a lot from what 483 00:25:58,760 --> 00:26:02,880 Speaker 9: just played on the radio or TV just now, especially 484 00:26:02,880 --> 00:26:04,840 Speaker 9: with all the bleeping. You don't hear that on Bloomberg 485 00:26:04,960 --> 00:26:10,919 Speaker 9: very often. And so look, I think that temperatures are 486 00:26:11,000 --> 00:26:14,119 Speaker 9: running high in the country. It's a divided country, uh 487 00:26:14,200 --> 00:26:18,720 Speaker 9: And and and even within the Republican Party, I think 488 00:26:18,720 --> 00:26:21,040 Speaker 9: there's a lot of support for the reducing the size 489 00:26:21,040 --> 00:26:23,879 Speaker 9: of government, but probably not how it's been done. And 490 00:26:23,880 --> 00:26:28,000 Speaker 9: I'd argue that within the independent movement there's probably a 491 00:26:28,000 --> 00:26:33,040 Speaker 9: lot of, you know, favoritism toward the idea that government 492 00:26:33,080 --> 00:26:34,000 Speaker 9: is part of the problem. 493 00:26:34,040 --> 00:26:35,520 Speaker 4: And and and. 494 00:26:35,359 --> 00:26:37,160 Speaker 9: Elon Musk and those guys are trying to do something 495 00:26:37,160 --> 00:26:41,159 Speaker 9: about it, but there's probably unanimity, you know, in the 496 00:26:41,240 --> 00:26:43,200 Speaker 9: fact that the way they're doing it is not right. 497 00:26:43,240 --> 00:26:47,399 Speaker 9: And so the process always matters in Washington. The outcomes 498 00:26:47,600 --> 00:26:51,520 Speaker 9: sometimes rarely matter because there are so few of them. 499 00:26:51,760 --> 00:26:55,040 Speaker 9: And I think this is a process problem that this 500 00:26:55,119 --> 00:26:59,440 Speaker 9: administration has, and it goes beyond Doge. And I think, 501 00:26:59,600 --> 00:27:02,240 Speaker 9: you know, people are going to start talking about competency 502 00:27:02,359 --> 00:27:03,959 Speaker 9: soon if this continues. 503 00:27:05,480 --> 00:27:07,240 Speaker 2: Genie, we have less than a minute left. But do 504 00:27:07,280 --> 00:27:10,400 Speaker 2: you have a reaction to the expletive leaden town hall 505 00:27:10,520 --> 00:27:11,360 Speaker 2: for Chuck Edwards? 506 00:27:13,359 --> 00:27:13,800 Speaker 6: I do. 507 00:27:13,920 --> 00:27:17,280 Speaker 7: I think this is precisely what Chuck Schumer was trying 508 00:27:17,359 --> 00:27:21,560 Speaker 7: to say, that Democrats should let Republicans feel this fire 509 00:27:21,680 --> 00:27:25,359 Speaker 7: because on the ground it is visceral. That's why Republican 510 00:27:25,440 --> 00:27:28,640 Speaker 7: leadership told Republicans not to go out and hold town halls. 511 00:27:28,960 --> 00:27:31,600 Speaker 7: It's not a good position for Republicans to come to 512 00:27:31,800 --> 00:27:34,760 Speaker 7: have to be in. Let them own it. That's what 513 00:27:34,840 --> 00:27:37,280 Speaker 7: Democrats should do. Sit back and let. 514 00:27:37,080 --> 00:27:37,800 Speaker 6: Them own it. 515 00:27:38,240 --> 00:27:41,080 Speaker 7: And they keep stepping on this message, which is where 516 00:27:41,200 --> 00:27:44,399 Speaker 7: Chuck Schumer messed up the other day. He should have 517 00:27:44,600 --> 00:27:46,640 Speaker 7: just said this is going to go forward and let 518 00:27:46,760 --> 00:27:48,440 Speaker 7: Republicans feel this heat. 519 00:27:50,160 --> 00:27:54,600 Speaker 2: All right, So there's irritation among Republicans, irritation among Democrats. 520 00:27:54,680 --> 00:27:58,240 Speaker 2: Just another week in Washington. Jeanie Schanzeno and Rick Davis, 521 00:27:58,240 --> 00:28:00,800 Speaker 2: our signature political panel, think you so much for joining us. 522 00:28:00,800 --> 00:28:02,320 Speaker 2: They'll of course be back for more on the late 523 00:28:02,440 --> 00:28:04,800 Speaker 2: edition of Balance of Power at five pm Eastern time. 524 00:28:05,240 --> 00:28:07,359 Speaker 2: But just ahead, we'll have kay Bailey Hutchison, the former 525 00:28:07,440 --> 00:28:10,680 Speaker 2: US Ambassador to NATO, join us this hour on Bloomberg 526 00:28:10,720 --> 00:28:12,000 Speaker 2: TV and radio. 527 00:28:15,359 --> 00:28:18,840 Speaker 1: You're listening to the Bloomberg Balance of Power podcast. Catch 528 00:28:18,880 --> 00:28:21,919 Speaker 1: us live weekdays at noon and five PM Eastern on 529 00:28:22,040 --> 00:28:25,280 Speaker 1: Apple Cocklay and Android Auto with the Bloomberg Business app. 530 00:28:25,480 --> 00:28:28,680 Speaker 1: Listen on demand wherever you get your podcasts, or watch 531 00:28:28,800 --> 00:28:31,280 Speaker 1: US live on YouTube. 532 00:28:31,960 --> 00:28:35,000 Speaker 2: All of this happening against the backdrop of ongoing conversations 533 00:28:35,000 --> 00:28:38,040 Speaker 2: between the US and Russia and of course the US 534 00:28:38,080 --> 00:28:41,080 Speaker 2: and Ukraine as they make efforts toward reaching some kind 535 00:28:41,360 --> 00:28:43,680 Speaker 2: of ceasefire agreement and joining US Now with more as 536 00:28:43,680 --> 00:28:47,080 Speaker 2: a former ambassador to NATO herself also former US Senator 537 00:28:47,120 --> 00:28:50,280 Speaker 2: from Texas, Kay Bailey Hutchison with US on Bloomberg TV 538 00:28:50,440 --> 00:28:53,880 Speaker 2: and Radio. Ambassador, Welcome back to Balance of Power. I'm 539 00:28:53,920 --> 00:28:56,640 Speaker 2: sure you've been tracking the developments over the last few days, 540 00:28:56,640 --> 00:29:00,400 Speaker 2: including the conversation that Secretary General Ruta had with President 541 00:29:00,400 --> 00:29:03,480 Speaker 2: Trump in the Oval Office yesterday. Are you encouraged by 542 00:29:03,520 --> 00:29:06,120 Speaker 2: what you're seeing? Do you think a truce agreement is eminent? 543 00:29:08,400 --> 00:29:11,800 Speaker 11: I do think we're now in that time when I 544 00:29:11,840 --> 00:29:16,800 Speaker 11: believe it will come together. It's shocking that Putin would say, well, 545 00:29:16,840 --> 00:29:21,640 Speaker 11: we're doing better, so we're not going to sign a ceasefire, 546 00:29:21,760 --> 00:29:25,920 Speaker 11: so we're taking more territory. Well, you know, it's time 547 00:29:25,960 --> 00:29:31,520 Speaker 11: for Putin to really come around and get serious about 548 00:29:31,560 --> 00:29:34,680 Speaker 11: this and I think that's what I was very pleased 549 00:29:34,680 --> 00:29:39,840 Speaker 11: to hear Secretary General Ruta say that everyone is together 550 00:29:39,960 --> 00:29:43,000 Speaker 11: on this and we need to go forward together. 551 00:29:44,920 --> 00:29:49,400 Speaker 4: Well, Ambassador, we're hearing from Vladimir Putin and from Moscow 552 00:29:49,440 --> 00:29:53,280 Speaker 4: conditions that are simply unacceptable to Ukraine, including freezing all 553 00:29:53,320 --> 00:29:56,080 Speaker 4: of lines where they are in place now, essentially giving 554 00:29:56,080 --> 00:30:00,240 Speaker 4: the Dunboss Primea and the rest formally to Russia. There's 555 00:30:00,240 --> 00:30:04,240 Speaker 4: also news today in the Washington Post multiple classified US 556 00:30:04,240 --> 00:30:08,120 Speaker 4: intelligence reports casting doubt on Putin's willingness to end the 557 00:30:08,160 --> 00:30:12,320 Speaker 4: war against Ukraine. Can we take him seriously as an 558 00:30:12,360 --> 00:30:13,800 Speaker 4: actor at the negotiating table. 559 00:30:15,800 --> 00:30:19,040 Speaker 11: I think we can take him seriously, and I think 560 00:30:19,120 --> 00:30:24,320 Speaker 11: seriously means to understand that he has used terrorist tactics 561 00:30:24,800 --> 00:30:29,000 Speaker 11: against the prisoners of war, shooting them in the heads, 562 00:30:29,160 --> 00:30:34,560 Speaker 11: innocent civilians, bombing the infrastructure, and kidnapping thousands of children 563 00:30:34,880 --> 00:30:41,040 Speaker 11: to indoctrinate them into the Russian language and families. So yeah, 564 00:30:41,200 --> 00:30:44,800 Speaker 11: we can take him seriously. But we're dealing with a despot. 565 00:30:44,960 --> 00:30:49,080 Speaker 11: We're dealing with a person that we're going to have 566 00:30:49,160 --> 00:30:54,280 Speaker 11: to play hardball with with along with Ukraine and all 567 00:30:54,320 --> 00:30:59,640 Speaker 11: of our European allies. And absolutely we should take him seriously. 568 00:31:00,000 --> 00:31:04,080 Speaker 11: We should start playing hardball with him. Just as it 569 00:31:04,120 --> 00:31:10,520 Speaker 11: has been very difficult for Ukraine to accept the predicament 570 00:31:10,600 --> 00:31:13,600 Speaker 11: they're in, but they're coming to the table. It's time 571 00:31:13,640 --> 00:31:15,120 Speaker 11: for Russia to get serious. 572 00:31:16,800 --> 00:31:16,960 Speaker 8: Well. 573 00:31:16,960 --> 00:31:19,440 Speaker 2: One of the things that Russia has suggested is that 574 00:31:19,480 --> 00:31:23,040 Speaker 2: they will not tolerate the presence of NATO troops in Ukraine, 575 00:31:23,160 --> 00:31:26,640 Speaker 2: even if it's what's constituting a peacekeeping force. Ambassador, do 576 00:31:26,680 --> 00:31:29,840 Speaker 2: you believe anything other than NATO affiliated troops can actually 577 00:31:29,920 --> 00:31:31,360 Speaker 2: keep a credible peace? 578 00:31:32,800 --> 00:31:37,080 Speaker 11: Well, I think NATO troops will be the ones, because 579 00:31:37,120 --> 00:31:40,760 Speaker 11: we are the security alliance and the security trained people. 580 00:31:41,520 --> 00:31:45,280 Speaker 11: Maybe it's not under a NATO banner, maybe it's on 581 00:31:45,640 --> 00:31:46,720 Speaker 11: a different. 582 00:31:47,080 --> 00:31:49,160 Speaker 2: But from a NATO country's a. 583 00:31:49,080 --> 00:31:56,360 Speaker 11: Coalition of the willing, but it will be the European troops. 584 00:31:57,080 --> 00:32:01,040 Speaker 11: It's all a negotiation where we would be if we 585 00:32:01,040 --> 00:32:03,400 Speaker 11: would be helpful, but not on the ground or if 586 00:32:03,760 --> 00:32:05,880 Speaker 11: you know, I think the proposition that we would do 587 00:32:06,000 --> 00:32:10,280 Speaker 11: air cover as we did in Afghanistan, helping the Afghans 588 00:32:10,280 --> 00:32:15,320 Speaker 11: as they were fighting for their country, we can provide 589 00:32:15,440 --> 00:32:19,840 Speaker 11: air cover for Ukraine to stay peaceful. That's on the 590 00:32:19,880 --> 00:32:23,280 Speaker 11: negotiating table that hasn't been decided, but I think there 591 00:32:23,320 --> 00:32:27,480 Speaker 11: are many configurations for peacekeepers and it would be a 592 00:32:27,520 --> 00:32:28,719 Speaker 11: coalition of the willing. 593 00:32:30,520 --> 00:32:32,760 Speaker 4: Donald Trump, as a candidate, said he would end this 594 00:32:32,840 --> 00:32:36,800 Speaker 4: war on day one, Ambassador, he said that for more 595 00:32:36,840 --> 00:32:39,840 Speaker 4: than a year on the campaign trail. That's clearly not 596 00:32:39,960 --> 00:32:43,800 Speaker 4: the case. What is the realistic timeline for these negotiations 597 00:32:43,920 --> 00:32:44,479 Speaker 4: to proceed? 598 00:32:45,160 --> 00:32:48,200 Speaker 11: Well, I think we're in the timeline where Russia's got 599 00:32:48,240 --> 00:32:50,440 Speaker 11: to come to the table and we're going to have 600 00:32:50,480 --> 00:32:54,080 Speaker 11: to play hardball with Russia, just as hardball has been 601 00:32:54,080 --> 00:32:59,479 Speaker 11: played with Ukraine. And I think US and certainly our 602 00:32:59,560 --> 00:33:03,680 Speaker 11: NATO allies are trying to be helpful. But I think 603 00:33:03,800 --> 00:33:08,960 Speaker 11: that this is the time to call Putin's hand and say, okay, 604 00:33:09,360 --> 00:33:15,240 Speaker 11: we have set this up. We are going to be 605 00:33:16,360 --> 00:33:21,360 Speaker 11: a neutral player. But that means it takes two to tango. 606 00:33:23,840 --> 00:33:25,880 Speaker 2: Well, we've certainly heard it takes two to tango from 607 00:33:25,920 --> 00:33:29,000 Speaker 2: President Trump in recent days, Ambassador. We've also heard him 608 00:33:29,600 --> 00:33:32,160 Speaker 2: make some suggestions that have caused people to question the 609 00:33:32,280 --> 00:33:36,239 Speaker 2: US commitment to Article five of NATO. Suggestions and this 610 00:33:36,280 --> 00:33:38,520 Speaker 2: is a quote, if you're not going to pay, we're 611 00:33:38,560 --> 00:33:42,000 Speaker 2: not going to defend. If you're not going to pay 612 00:33:42,000 --> 00:33:45,400 Speaker 2: your bills, we're not going to defend you. Are such 613 00:33:45,520 --> 00:33:48,840 Speaker 2: suggestions detrimental to what the US is trying to achieve 614 00:33:48,880 --> 00:33:52,840 Speaker 2: and haveing credible negotiations with Russia? 615 00:33:53,280 --> 00:33:58,120 Speaker 11: Well, no, I don't think the NATO issue and our 616 00:33:58,160 --> 00:34:02,080 Speaker 11: commitments that NATO are on the table for Russia because 617 00:34:02,080 --> 00:34:05,720 Speaker 11: they have nothing to do with NATO or with our commitments. 618 00:34:05,840 --> 00:34:06,920 Speaker 11: I thought the meeting. 619 00:34:07,480 --> 00:34:10,360 Speaker 2: If the President suggests the US wouldn't come to the 620 00:34:10,400 --> 00:34:13,400 Speaker 2: defense of a NATO country that maybe closer to Russia 621 00:34:13,440 --> 00:34:15,640 Speaker 2: that they could look at next after Ukraine, does that 622 00:34:15,680 --> 00:34:17,520 Speaker 2: not encourage potentially bad behavior. 623 00:34:19,000 --> 00:34:19,080 Speaker 10: No. 624 00:34:19,680 --> 00:34:23,920 Speaker 11: I don't think that that was ever a serious suggestion 625 00:34:24,440 --> 00:34:28,720 Speaker 11: that we would not come abide by Article five. Article 626 00:34:28,840 --> 00:34:34,000 Speaker 11: five has only been invoked once in the history of 627 00:34:34,040 --> 00:34:37,279 Speaker 11: the seventy five years, and that was on behalf of 628 00:34:37,320 --> 00:34:41,360 Speaker 11: the United States after nine to eleven. So I believe 629 00:34:41,480 --> 00:34:44,960 Speaker 11: that Article five is in violate. Certainly, the meeting today 630 00:34:45,040 --> 00:34:49,080 Speaker 11: with Secretary Ruta and the previous ones with Secretary General 631 00:34:49,120 --> 00:34:54,720 Speaker 11: Stoltenberg were very clear that Trump is not walking away 632 00:34:54,719 --> 00:34:59,160 Speaker 11: from NATO. He knows that we are committed as an alliance. 633 00:34:59,600 --> 00:35:04,080 Speaker 11: We have a treaty saying if any NATO country is 634 00:35:04,120 --> 00:35:07,799 Speaker 11: invaded that it would be a war that we would 635 00:35:07,800 --> 00:35:11,680 Speaker 11: all fight together as they came together for the United States. 636 00:35:11,960 --> 00:35:15,480 Speaker 11: Of course, Ukraine is not a NATO country, but I 637 00:35:15,520 --> 00:35:20,279 Speaker 11: think that eventually we have to have the peace. We 638 00:35:20,400 --> 00:35:26,759 Speaker 11: have to start helping Ukraine and ask I think part 639 00:35:26,760 --> 00:35:30,280 Speaker 11: of the negotiations to be asking Russia to pay reparations 640 00:35:30,320 --> 00:35:33,520 Speaker 11: for all the damage they've done the Ukraine. They should 641 00:35:33,520 --> 00:35:36,359 Speaker 11: be the ones to rebuild it. But those are all 642 00:35:36,440 --> 00:35:41,600 Speaker 11: negotiating events that must be dressed, and I think the 643 00:35:42,640 --> 00:35:46,520 Speaker 11: NATO is solid. I think Secretary General Ambassador. 644 00:35:46,080 --> 00:35:49,320 Speaker 4: Thank you, Kay Bailey Hutchison, former Ambassador to NATO, former Senator. 645 00:35:49,320 --> 00:35:50,560 Speaker 4: We always wish we had more time. 646 00:35:52,760 --> 00:35:56,239 Speaker 1: You're listening to the Bloomberg Balance of Power podcasts. Catch 647 00:35:56,320 --> 00:35:58,880 Speaker 1: us live weekdays at noon and five pm e s 648 00:35:58,920 --> 00:36:02,040 Speaker 1: durn on applecar. I'm playing Android Otto with the Bloomberg 649 00:36:02,080 --> 00:36:05,280 Speaker 1: Business app. You can also listen live on Amazon Alexa 650 00:36:05,440 --> 00:36:09,080 Speaker 1: from our flagship New York station Just Say Alexa played 651 00:36:09,080 --> 00:36:11,040 Speaker 1: Bloomberg eleven thirty. 652 00:36:11,840 --> 00:36:14,600 Speaker 4: We're watching Wall Street Big Bounce Back. We'll see if 653 00:36:14,600 --> 00:36:16,520 Speaker 4: this can hold a lot of people trying to call 654 00:36:16,560 --> 00:36:19,360 Speaker 4: the bottom right now, with really not much less uncertainty 655 00:36:19,400 --> 00:36:21,120 Speaker 4: than we had a day ago. But we did check 656 00:36:21,160 --> 00:36:25,760 Speaker 4: one box late last night courtesy of Chuck Schumer, who's 657 00:36:25,760 --> 00:36:29,920 Speaker 4: having a day now. We heard about that maybe thirty 658 00:36:29,920 --> 00:36:32,719 Speaker 4: hours beforehand. I think Mike Dorning said his opposition to 659 00:36:32,760 --> 00:36:35,080 Speaker 4: this continuing resolution, he was going to have all Democrats 660 00:36:35,160 --> 00:36:37,000 Speaker 4: vote no, and the government was going to shut down tonight. 661 00:36:37,560 --> 00:36:40,960 Speaker 4: Sarah Chamberlain, others. Jim Kessler last evening on Balance of 662 00:36:40,960 --> 00:36:44,239 Speaker 4: Power said get ready for a shutdown. Then this op 663 00:36:44,360 --> 00:36:47,319 Speaker 4: ed appeared in the New York Times, and everyone says 664 00:36:47,360 --> 00:36:50,600 Speaker 4: Schumer caves is the headline. He's going to vote yes 665 00:36:50,600 --> 00:36:52,480 Speaker 4: and he wants his members to follow. We'll find out 666 00:36:52,480 --> 00:36:57,279 Speaker 4: if they actually do. The question is what happens to 667 00:36:57,360 --> 00:36:59,880 Speaker 4: Chuck Schumer, and of course what happens to the congressional 668 00:37:00,520 --> 00:37:04,719 Speaker 4: agenda after all of this. Democrats are still really angry. 669 00:37:05,200 --> 00:37:07,239 Speaker 4: In fact, Chuck Schumer is having such a good day 670 00:37:07,280 --> 00:37:11,600 Speaker 4: that people are talking about Alexandria Cossio Cortes maybe primary 671 00:37:11,680 --> 00:37:15,360 Speaker 4: ing him for all of this. You think Chuck Schumer 672 00:37:15,400 --> 00:37:17,600 Speaker 4: and Speaker Mike Johnson maybe get a beer later on 673 00:37:17,680 --> 00:37:20,359 Speaker 4: and compare notes on what this is like we did. 674 00:37:20,400 --> 00:37:24,240 Speaker 4: Hear from AOC on CNN. Here's what she said. 675 00:37:24,640 --> 00:37:27,040 Speaker 8: I think that what we need right now is a 676 00:37:27,200 --> 00:37:31,440 Speaker 8: United Senate Democratic caucus that can stand up for this 677 00:37:31,520 --> 00:37:34,920 Speaker 8: country and not vote for cloture and not vote for 678 00:37:34,960 --> 00:37:38,560 Speaker 8: this bill. And I cannot urge enough how bad of 679 00:37:38,600 --> 00:37:41,600 Speaker 8: an idea it is to empower and enable Donald Trump 680 00:37:41,640 --> 00:37:44,279 Speaker 8: and Elon Musk in this moment. It is dangerous and 681 00:37:44,320 --> 00:37:45,000 Speaker 8: it is reckless. 682 00:37:46,600 --> 00:37:48,680 Speaker 4: Now, even as we see the markets rise because hey, 683 00:37:48,800 --> 00:37:50,759 Speaker 4: we can get along, we can get something done, maybe 684 00:37:50,800 --> 00:37:52,560 Speaker 4: even keep the lights on in the government. There are 685 00:37:52,640 --> 00:37:55,640 Speaker 4: huge questions about how Democrats will play along with this 686 00:37:55,719 --> 00:37:59,520 Speaker 4: reconciliation bill, what happens to the debt limit, by the way, tariffs, 687 00:37:59,520 --> 00:38:02,000 Speaker 4: if we figure out any of that, And then of 688 00:38:02,000 --> 00:38:04,720 Speaker 4: course there's the doge. I was driving in this morning. 689 00:38:04,760 --> 00:38:06,680 Speaker 4: I saw people crowded in front of the Department of 690 00:38:06,840 --> 00:38:11,240 Speaker 4: Justice saying fire Elon. They had signs up sell your tesla. 691 00:38:12,640 --> 00:38:15,120 Speaker 4: The anger is palpable, and that's why we have arranged 692 00:38:16,080 --> 00:38:19,360 Speaker 4: for this conversation. Now, if you're an old guy like me, 693 00:38:19,480 --> 00:38:22,280 Speaker 4: you remember two voices in the old days, Carvel and Madeline. 694 00:38:22,280 --> 00:38:24,520 Speaker 4: Remember that every now and then on Sunday morning when 695 00:38:24,520 --> 00:38:26,799 Speaker 4: things would get real chippy, we could always count on 696 00:38:26,840 --> 00:38:30,080 Speaker 4: these two to kind of point us to a more logical, 697 00:38:30,160 --> 00:38:34,799 Speaker 4: more reasonable place. Mary Matlin, James Carville. That was a 698 00:38:34,840 --> 00:38:37,440 Speaker 4: long time ago. I want to introduce you to a 699 00:38:37,480 --> 00:38:40,759 Speaker 4: new carvel In Matlin for a new age one you 700 00:38:40,800 --> 00:38:44,239 Speaker 4: know well from this program. Kevin Walling, the Democratic strategist. 701 00:38:44,719 --> 00:38:48,799 Speaker 4: He's joined today by Alex stroman former RNC spokesperson and 702 00:38:48,920 --> 00:38:54,200 Speaker 4: Republican strategist. And guess what they're married. Gentlemen, Welcome to 703 00:38:54,280 --> 00:38:55,759 Speaker 4: Balance of Power. We've been wanting to do this for 704 00:38:55,800 --> 00:38:58,120 Speaker 4: a long time. We have hey jokes before I get 705 00:38:58,120 --> 00:39:00,879 Speaker 4: into living together. Katz and DAWs the rest of it. 706 00:39:01,239 --> 00:39:03,759 Speaker 4: You guys are both practitioners of Washington. I want your 707 00:39:03,760 --> 00:39:06,439 Speaker 4: take on this. Speak to the anger, Kevin, because Chuck 708 00:39:06,440 --> 00:39:09,680 Speaker 4: Schumer says his rank and file should vote yes. That 709 00:39:09,719 --> 00:39:10,920 Speaker 4: wasn't the story yesterday. 710 00:39:11,120 --> 00:39:13,279 Speaker 12: Yeah, Joe, the anger is palpable and you just played 711 00:39:13,320 --> 00:39:17,359 Speaker 12: that clip from AOC. We're seeing this dynamic play out 712 00:39:17,600 --> 00:39:21,800 Speaker 12: across the board in a lot of these Democratic Caucus 713 00:39:21,840 --> 00:39:24,640 Speaker 12: lunches right that have been widely reported in terms of 714 00:39:24,840 --> 00:39:28,040 Speaker 12: screaming match going on the last couple of days on 715 00:39:28,080 --> 00:39:33,040 Speaker 12: Capitol Hill. You had Center Warnock, Raphael Warnock come up 716 00:39:33,080 --> 00:39:35,520 Speaker 12: and say today, actually in the last couple of minutes, 717 00:39:35,520 --> 00:39:37,920 Speaker 12: that it's likely that there's going to be new Senate 718 00:39:37,960 --> 00:39:41,719 Speaker 12: Democratic leadership in two years for the caucus. 719 00:39:42,200 --> 00:39:43,000 Speaker 4: So there is this. 720 00:39:43,000 --> 00:39:47,040 Speaker 12: Dynamic at play. Obviously, you know Senater Fetterman has said 721 00:39:47,080 --> 00:39:49,840 Speaker 12: that he is a yes on this center Schumer obviously 722 00:39:49,880 --> 00:39:52,279 Speaker 12: has said he is a yes. It'll be interesting to 723 00:39:52,320 --> 00:39:55,240 Speaker 12: see where they piece together the other votes for Klocher, 724 00:39:55,719 --> 00:39:57,719 Speaker 12: likely not to support the budget, but just to get 725 00:39:57,760 --> 00:40:00,480 Speaker 12: over that first hurdle in terms of actuallyring it to 726 00:40:00,520 --> 00:40:02,160 Speaker 12: the floor by midnight tonight. 727 00:40:02,200 --> 00:40:03,279 Speaker 4: You don't think we shut down. 728 00:40:03,360 --> 00:40:05,560 Speaker 12: I do not think we shut down. We'll see again 729 00:40:05,600 --> 00:40:07,960 Speaker 12: if this anger convinces more folks. The one good thing 730 00:40:08,120 --> 00:40:10,359 Speaker 12: for Schumer not good for my party, But the one 731 00:40:10,360 --> 00:40:12,080 Speaker 12: good thing for Schumer right now is he has a 732 00:40:12,120 --> 00:40:15,040 Speaker 12: good number of retirements that are happening. Jean Shaheen just 733 00:40:15,040 --> 00:40:18,440 Speaker 12: announced Gary Peters others part of his leadership team. Yes 734 00:40:18,600 --> 00:40:21,319 Speaker 12: that don't have to face the voters. That gives him 735 00:40:21,320 --> 00:40:23,160 Speaker 12: a little bit more leverage to say I need your 736 00:40:23,160 --> 00:40:24,400 Speaker 12: help on this important vote. 737 00:40:24,400 --> 00:40:26,360 Speaker 4: Okay, Alex, do you think that there's a shutdown on 738 00:40:26,400 --> 00:40:28,360 Speaker 4: the cards here, and if not, are we at the 739 00:40:28,400 --> 00:40:31,000 Speaker 4: point where avoiding a government shutdown is considered a win 740 00:40:31,360 --> 00:40:32,400 Speaker 4: for the Republican Party. 741 00:40:32,600 --> 00:40:34,279 Speaker 13: I think so. I don't think we're anywhere close to 742 00:40:34,280 --> 00:40:37,719 Speaker 13: a government shutdown. I think that Democrats will fall in line. 743 00:40:38,160 --> 00:40:40,120 Speaker 13: As a Republican, it feels really good to see the 744 00:40:40,160 --> 00:40:43,160 Speaker 13: Democrats be in disarray and have some leadership issues and 745 00:40:43,200 --> 00:40:46,040 Speaker 13: see they're rank and file members kind of rebelling against leadership. 746 00:40:46,080 --> 00:40:48,520 Speaker 13: That's something as a Republican we've become quite accustomed to. 747 00:40:48,920 --> 00:40:50,640 Speaker 13: We do we do it very very well. And so 748 00:40:50,719 --> 00:40:55,120 Speaker 13: I think that the Donald Trump's tweet about Leader Schumer 749 00:40:55,200 --> 00:40:57,800 Speaker 13: kind of comparing him, he said guts and guts and courage. 750 00:40:57,960 --> 00:40:59,719 Speaker 13: Schumer's guts and courage and maybe think of guts and 751 00:40:59,719 --> 00:41:02,800 Speaker 13: glory with Patten and he's always won for theaters. But 752 00:41:02,840 --> 00:41:05,160 Speaker 13: I think that that is really trying to put even 753 00:41:05,680 --> 00:41:09,160 Speaker 13: lider Schumer in even tougher spot. When you have the 754 00:41:09,400 --> 00:41:13,400 Speaker 13: President United States praising Chuck Schumer, Democrats are fairly listless, 755 00:41:13,440 --> 00:41:14,880 Speaker 13: and you see what happened with the State of the 756 00:41:14,960 --> 00:41:17,279 Speaker 13: Union with some of the responses and just kind of 757 00:41:17,320 --> 00:41:20,640 Speaker 13: the actions that Democrats had, I think with Leader Schumer 758 00:41:20,680 --> 00:41:23,040 Speaker 13: and the progressives in his party really kind of rebelling 759 00:41:23,080 --> 00:41:26,200 Speaker 13: with AOC, with Patty Murray kind of already coming out 760 00:41:26,200 --> 00:41:28,320 Speaker 13: and questioning him, it really puts me in a tough spot. 761 00:41:28,320 --> 00:41:30,160 Speaker 13: And again it feels good for Republicans to. 762 00:41:30,120 --> 00:41:32,480 Speaker 12: Be Eddy Murray really isn't on the left side of No, 763 00:41:32,560 --> 00:41:35,640 Speaker 12: she's fairly centrist and obviously the leadership of the Budget 764 00:41:35,640 --> 00:41:37,840 Speaker 12: Committee and things like that. So to see those cracks 765 00:41:37,840 --> 00:41:39,400 Speaker 12: in the walls is interesting certainly. 766 00:41:39,520 --> 00:41:42,279 Speaker 4: Well, the truth social posts you mentioned Donald Trump talking 767 00:41:42,280 --> 00:41:44,319 Speaker 4: about Chuck Schumer is like, I mean, this is for 768 00:41:44,400 --> 00:41:48,200 Speaker 4: the ages. Congratulations to Chuck Schumer for doing the right thing. 769 00:41:48,640 --> 00:41:51,879 Speaker 4: You said it. Alex took guts and courage the big 770 00:41:51,920 --> 00:41:54,960 Speaker 4: tax cuts, LA firefixed debt ceiling bill. So much more 771 00:41:55,040 --> 00:41:58,200 Speaker 4: is coming. He goes on to write again, really good 772 00:41:58,200 --> 00:42:02,440 Speaker 4: and smart move by senators. Twenty four hours ago he 773 00:42:02,560 --> 00:42:06,319 Speaker 4: called him a Palestinian from the Oval office, Kevin, is 774 00:42:06,320 --> 00:42:08,080 Speaker 4: this a new beginning or some kind of joke? 775 00:42:08,800 --> 00:42:10,560 Speaker 12: This is some kind of joke. I think this is 776 00:42:10,600 --> 00:42:14,279 Speaker 12: obviously not helpful. But to Alex's point, he's rubbing it 777 00:42:14,360 --> 00:42:18,120 Speaker 12: in now that he has Chuck Schumer cornered publicly saying 778 00:42:18,120 --> 00:42:20,839 Speaker 12: that he will support the votes to get this to 779 00:42:21,000 --> 00:42:24,520 Speaker 12: the floor tonight. And again this is Trump being Trump 780 00:42:24,640 --> 00:42:28,520 Speaker 12: in his most purest form, because again he knows he 781 00:42:28,600 --> 00:42:31,720 Speaker 12: has Schumer where he wants him and now is playing 782 00:42:31,760 --> 00:42:35,760 Speaker 12: with the leader and is in this difficult position balancing 783 00:42:36,239 --> 00:42:39,520 Speaker 12: actually funding the government with the progressive left that is 784 00:42:39,680 --> 00:42:40,799 Speaker 12: very agitated and anger. 785 00:42:40,960 --> 00:42:43,879 Speaker 4: Alex, you don't mind watching Democrats in disarray right now, 786 00:42:43,880 --> 00:42:45,960 Speaker 4: but what do you make of the anger at this point? 787 00:42:45,960 --> 00:42:48,640 Speaker 4: Because we're at new levels I think in Washington where 788 00:42:48,640 --> 00:42:50,600 Speaker 4: people wonder if these two parties will be able to 789 00:42:50,640 --> 00:42:53,800 Speaker 4: work together on anything. They're not consulting each other on anything. 790 00:42:54,239 --> 00:42:58,000 Speaker 4: We're getting in screaming matches on television. Interviews frequently result 791 00:42:58,160 --> 00:43:01,120 Speaker 4: in nothing. It's not a very productive conversation right now. 792 00:43:01,120 --> 00:43:02,040 Speaker 4: What do you do about it? 793 00:43:02,400 --> 00:43:02,600 Speaker 5: Well? 794 00:43:02,680 --> 00:43:04,800 Speaker 13: I think one of the things that I've found really 795 00:43:04,840 --> 00:43:09,200 Speaker 13: interesting is seeing the relationship between Hakim Jefferies and Speaker Johnson, 796 00:43:09,440 --> 00:43:10,719 Speaker 13: and I think we have to get to a place 797 00:43:10,760 --> 00:43:13,239 Speaker 13: where there's some trust in leadership, and so maybe this 798 00:43:13,400 --> 00:43:16,600 Speaker 13: is a new day for Senate Democrats and Chuck Schumer 799 00:43:16,600 --> 00:43:17,960 Speaker 13: being brought back to the table. We saw it in 800 00:43:18,000 --> 00:43:21,040 Speaker 13: the first administration, where Nancy Pelosi and Chuck Schumer in 801 00:43:21,040 --> 00:43:23,360 Speaker 13: the Oval office walk out with a win with President 802 00:43:23,360 --> 00:43:25,040 Speaker 13: Trump not happening so much this time is. 803 00:43:25,040 --> 00:43:25,920 Speaker 4: On the flip side. 804 00:43:26,040 --> 00:43:28,400 Speaker 13: But I think maybe building trust in these folks and 805 00:43:28,760 --> 00:43:30,960 Speaker 13: having some trust in the relationships, not that you're going 806 00:43:31,000 --> 00:43:33,320 Speaker 13: to agree with everything, but again, I think the model 807 00:43:33,400 --> 00:43:36,360 Speaker 13: for the country and for people in DC really should 808 00:43:36,360 --> 00:43:39,200 Speaker 13: be that Hakim Jefferies Mike Johnson relationship where they have 809 00:43:39,239 --> 00:43:41,440 Speaker 13: a mutual trust and respect of no surprises. 810 00:43:41,560 --> 00:43:42,440 Speaker 3: I think that's been helpful. 811 00:43:42,560 --> 00:43:44,880 Speaker 4: Can that happen as long as Elon Musk is in Washington? 812 00:43:44,960 --> 00:43:47,759 Speaker 12: Kevin, I mean it is put to Ax's point, it 813 00:43:47,840 --> 00:43:50,120 Speaker 12: is happening on the House. I think that is a 814 00:43:50,160 --> 00:43:52,640 Speaker 12: really good point that Alex makes. I mean, there was 815 00:43:52,760 --> 00:43:57,439 Speaker 12: not that relationship with Leader Jeffries and Speaker McCarthy. I think, 816 00:43:57,640 --> 00:43:59,960 Speaker 12: you know, Speaker Johnson coming in. They have done a 817 00:44:00,040 --> 00:44:02,360 Speaker 12: good job, again in total disagreement on a lot of 818 00:44:02,360 --> 00:44:04,920 Speaker 12: these issues, but the idea of don't surprise me and 819 00:44:04,960 --> 00:44:08,520 Speaker 12: I won't surprise you, and realizing that they've got some 820 00:44:08,600 --> 00:44:12,920 Speaker 12: radical folks on both caucuses and let's let cooler heads prevail. 821 00:44:13,520 --> 00:44:15,520 Speaker 12: I think that, you know, again, and we saw that 822 00:44:15,520 --> 00:44:17,320 Speaker 12: play out during the State of the Union, you know 823 00:44:17,360 --> 00:44:19,920 Speaker 12: whatever you call that speech where Hakeem Jefferies was not 824 00:44:20,000 --> 00:44:23,040 Speaker 12: pleased with his caucus with some of the members with 825 00:44:23,080 --> 00:44:26,400 Speaker 12: the signage and things like that, wanted decorum and wanted 826 00:44:26,480 --> 00:44:29,320 Speaker 12: respect in that chamber and holding back some of the 827 00:44:29,600 --> 00:44:32,759 Speaker 12: farther left folks in the party. I think, you know 828 00:44:33,280 --> 00:44:35,680 Speaker 12: you're going to see that process play out. But again, 829 00:44:35,719 --> 00:44:39,759 Speaker 12: with that Elon Musk backdrop, that is the question. 830 00:44:40,080 --> 00:44:42,520 Speaker 4: What do you think about this? Is Elon Musk good 831 00:44:42,520 --> 00:44:44,319 Speaker 4: for Donald Trump in the end, because that's all we 832 00:44:44,400 --> 00:44:46,279 Speaker 4: tend to talk about here. And he's standing next to 833 00:44:46,280 --> 00:44:48,239 Speaker 4: the Oval office, he's in the driveway, he's got the 834 00:44:48,320 --> 00:44:52,480 Speaker 4: kid running up to reporters. They're literally selling Tesla's. It's 835 00:44:52,520 --> 00:44:54,720 Speaker 4: become a huge turnoff. And I bring this up because 836 00:44:54,719 --> 00:44:57,279 Speaker 4: you both specialize in communications, and there seems to be 837 00:44:57,320 --> 00:45:01,000 Speaker 4: this idea that maybe if it weren't as gratuitous, that 838 00:45:01,040 --> 00:45:03,160 Speaker 4: we'd be having a better conversation here, Alex. 839 00:45:03,600 --> 00:45:05,759 Speaker 13: So, I think there's actually two different points there. So 840 00:45:05,960 --> 00:45:09,600 Speaker 13: one is I think that with Elon Musk being involved, 841 00:45:10,040 --> 00:45:12,680 Speaker 13: you have a little bit of the firepower the anger 842 00:45:13,120 --> 00:45:15,719 Speaker 13: is kind of blended from Donald Trump. People aren't really 843 00:45:15,800 --> 00:45:18,680 Speaker 13: considering Donald Trump as the boogeyman, but instead they're looking 844 00:45:18,680 --> 00:45:20,520 Speaker 13: at Elon Musk as the boogeyman. And it gives the 845 00:45:20,520 --> 00:45:22,880 Speaker 13: president a little bit an out. He can let Elon 846 00:45:22,920 --> 00:45:24,719 Speaker 13: go as he told him, he want him to do more, 847 00:45:24,960 --> 00:45:26,800 Speaker 13: and then he can pull him back on his leash 848 00:45:26,800 --> 00:45:29,280 Speaker 13: a bit, like he also did after the last cabinet meeting, 849 00:45:29,520 --> 00:45:32,959 Speaker 13: and so that gives Donald Trump some cover. But also, 850 00:45:33,040 --> 00:45:35,160 Speaker 13: you know, I think that the left is very energized 851 00:45:35,239 --> 00:45:38,400 Speaker 13: right now. But I think with you look at Republican voters, 852 00:45:38,840 --> 00:45:40,560 Speaker 13: and I think that you look at independent voters. A 853 00:45:40,600 --> 00:45:42,960 Speaker 13: lot of the polling that has come out and since 854 00:45:43,000 --> 00:45:45,719 Speaker 13: the president has taken office is that people like a 855 00:45:45,760 --> 00:45:48,239 Speaker 13: lot of what Elon is doing, what he's being charged with. 856 00:45:48,480 --> 00:45:50,480 Speaker 13: Now will that have an effect at some point if 857 00:45:50,480 --> 00:45:52,919 Speaker 13: their cuts really start affecting people, But I think buying 858 00:45:53,000 --> 00:45:56,200 Speaker 13: large people want the government to be smaller, and they 859 00:45:56,719 --> 00:45:58,920 Speaker 13: just at least for right now, really like the direction 860 00:45:58,960 --> 00:46:02,800 Speaker 13: of this heading again, and I think that if Elon 861 00:46:03,200 --> 00:46:07,360 Speaker 13: flies too close to the sun, Donald Trump, we'll have 862 00:46:07,440 --> 00:46:09,640 Speaker 13: him removed and move him out of the position. But 863 00:46:09,719 --> 00:46:11,960 Speaker 13: right now it seems like there's some cohesion, even if 864 00:46:11,960 --> 00:46:14,920 Speaker 13: some of the cabinet secretaries privately and some reporting are 865 00:46:14,920 --> 00:46:17,400 Speaker 13: signaling they're not really comfortable. But I think voters at 866 00:46:17,400 --> 00:46:19,239 Speaker 13: the end of the day want government to be more 867 00:46:19,280 --> 00:46:22,080 Speaker 13: efficient and be smaller, and at least Donald Trump is 868 00:46:22,080 --> 00:46:23,960 Speaker 13: doing exactly what he told voters. Who's going to do well? 869 00:46:23,960 --> 00:46:28,240 Speaker 4: Coexisting remains an issue here, getting along, having a productive conversation. 870 00:46:28,320 --> 00:46:30,880 Speaker 4: And this is again why it's fascinating for me to 871 00:46:31,680 --> 00:46:35,320 Speaker 4: get to know the two of you. You live together, 872 00:46:35,400 --> 00:46:38,040 Speaker 4: you have a wonderful marriage, a D and an R. 873 00:46:39,000 --> 00:46:40,880 Speaker 4: So what's the secret. I don't mean to be so 874 00:46:40,960 --> 00:46:43,600 Speaker 4: trivial here, Kevin, but do you talk about politics at home? 875 00:46:43,640 --> 00:46:46,480 Speaker 4: Do you, guys, you know, argue it out when you 876 00:46:46,520 --> 00:46:48,520 Speaker 4: disagree on something, or do you have to draw a line? 877 00:46:48,560 --> 00:46:50,000 Speaker 4: Is there a point where we have to move away 878 00:46:50,000 --> 00:46:52,040 Speaker 4: from politics and deal with each other as human beings. 879 00:46:53,000 --> 00:46:57,200 Speaker 12: We do talk politics all the time at home. But 880 00:46:57,400 --> 00:47:00,839 Speaker 12: back to the conversation about Hakeem and figure Johnson. Yeah, 881 00:47:00,840 --> 00:47:02,719 Speaker 12: it comes from a position of respect, right, So there's 882 00:47:02,760 --> 00:47:05,840 Speaker 12: fundamental respect about his experiences. You know, he was at 883 00:47:05,960 --> 00:47:08,680 Speaker 12: R and C spokesman. He was the youngest ed of 884 00:47:08,880 --> 00:47:12,479 Speaker 12: the state party in South Carolina. You know, in terms 885 00:47:12,480 --> 00:47:15,040 Speaker 12: of the campaign work that I've done delivering marriage quality 886 00:47:15,040 --> 00:47:18,279 Speaker 12: for Maryland. So there's a level of respect that comes 887 00:47:18,280 --> 00:47:22,480 Speaker 12: with our experience and knowledge, and you know, an idea 888 00:47:22,480 --> 00:47:25,560 Speaker 12: that we can play ideas off one another and convinced. 889 00:47:25,560 --> 00:47:27,080 Speaker 12: You know, I've come a little bit his way on 890 00:47:27,080 --> 00:47:28,920 Speaker 12: some things, and he's come a little bit my way 891 00:47:28,960 --> 00:47:32,560 Speaker 12: on some things. You know, there's a good amount of 892 00:47:32,560 --> 00:47:38,200 Speaker 12: wine involved in most conversations and bourbon for Alex, so 893 00:47:38,280 --> 00:47:39,120 Speaker 12: that that's helpful too. 894 00:47:39,160 --> 00:47:42,000 Speaker 4: Maybe it's about avoiding the purity tests exactly. That's kind 895 00:47:42,000 --> 00:47:43,560 Speaker 4: of what you're saying. This is great. Can we do 896 00:47:43,600 --> 00:47:45,319 Speaker 4: this from time to time? I think we would love 897 00:47:45,320 --> 00:47:47,080 Speaker 4: it in a new franchise here. I like to think 898 00:47:47,120 --> 00:47:50,040 Speaker 4: Alex Drumman and Kevin Walling, let's hear about it, say 899 00:47:50,040 --> 00:47:52,120 Speaker 4: something on Twitter. We're gonna post this video later on 900 00:47:52,160 --> 00:47:53,879 Speaker 4: because I think we all have a lot to learn 901 00:47:53,920 --> 00:47:56,040 Speaker 4: from these two gentlemen. I thank you both. Have a 902 00:47:56,040 --> 00:47:58,360 Speaker 4: great weekend, Happy Saint Patrick's Day. I'm Joe Matthew. This 903 00:47:58,680 --> 00:48:05,600 Speaker 4: is Bloomberg. Thanks for listening to the Balance of Power podcast. 904 00:48:06,200 --> 00:48:09,360 Speaker 4: Make sure to subscribe if you haven't already at Apple, Spotify, 905 00:48:09,440 --> 00:48:12,000 Speaker 4: or wherever you get your podcasts, and you can find 906 00:48:12,080 --> 00:48:15,320 Speaker 4: us live every weekday from Washington, DC at noontime Eastern 907 00:48:15,600 --> 00:48:17,080 Speaker 4: at Bloomberg dot com