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Speaker 1: You're listening to the Bloomberg Sound on podcast. Catch us

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Speaker 1: live weekdays at one Eastern on Bloomberg dot com, the

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Speaker 1: iHeartRadio app and the Bloomberg Business app, or listen on

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Speaker 1: demand wherever you get your podcasts.

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Speaker 2: Still no deal on the border, but the Biden impeachment

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Speaker 2: inquiry appears to be moving forward. Welcome to the fastest

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Speaker 2: show in politics, faster than usual today as we wind

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Speaker 2: up to our special FED coverage. The start of congressional

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Speaker 2: recess is approaching with a long to do list, and

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Speaker 2: we're going to talk about it with Congressman Brian Style,

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Speaker 2: the Republican from Wisconsin, back with us today. Of course,

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Speaker 2: serves on the Financial Services Committee, and we'll have his

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Speaker 2: view as we head into the holidays. Here where's Hunter

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Speaker 2: turns out on Capitol Hill Today Hunter Biden will explain

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Speaker 2: why and what's going on with this oversight committee. Hearing

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Speaker 2: discuss it all with our signature panel Bloomberg Politics contributors

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Speaker 2: Rick Davis and Genie Shanzeno are with us for the

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Speaker 2: hour or what we have of it. As I mentioned

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Speaker 2: one p thirty, roughly half an hour from now, we're

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Speaker 2: going to kick things back to New York for our

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Speaker 2: special FED coverage. Right now we go to Capitol Hill

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Speaker 2: to talk with the Congressman from Wisconsin. Brian Style back

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Speaker 2: with us, and it's good to see you, sir. We've

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Speaker 2: been talking for months and months about getting around chaos

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Speaker 2: and dysfunction in the House, and I wonder where your

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Speaker 2: head is now. Is we head for the holidays without

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Speaker 2: a lot to show for it when it comes to

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Speaker 2: a deal on the border or supplemental budget requests for

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Speaker 2: Israel and Ukraine. Congressman, can this all happen when you

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Speaker 2: come back in January? How's it going to go?

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Speaker 3: I think I share the frustration with the American people

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Speaker 3: for where we're at right now. Dividing government is difficult,

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Speaker 3: and we're showing that to the American people. Unfortunately, the

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Speaker 3: pressing issues of the border, of dealing with our broader

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Speaker 3: spending bills, national defense policy all still remain on the table.

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Speaker 3: I'd love to see us stay here and try to

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Speaker 3: get it done before Christmas. It looks more and more likely, unfortunately,

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Speaker 3: that we're going to be working on these in the

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Speaker 3: new year.

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Speaker 2: Okay, how about we pick through these one by one

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Speaker 2: here and I'll start with the border Congressman even a

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Speaker 2: couple of days ago. And I know that negotiations are happening,

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Speaker 2: primarily in the Senate, but it seemed like we were

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Speaker 2: getting warmer, maybe closer to a deal, as Democrats acknowledge

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Speaker 2: even the White House that they're open to changes to

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Speaker 2: asylum law. Republicans, I realize in the House are sticking

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Speaker 2: close to HR two. But do you see any wiggle

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Speaker 2: room that might bring both parties to the middle here

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Speaker 2: to make a compromise.

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Speaker 3: Well, hopefully we can see the Biden administration dramatically change course.

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Speaker 3: The fact that Democratic mayors and cities like New York

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Speaker 3: are calling on the Biden administration to change course, I

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Speaker 3: think adds credence to the argument that the policies the

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Speaker 3: Biden administration have been disastrous at the US Mexico border.

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Speaker 3: As you noted, the House of Representatives under Republican control

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Speaker 3: past HR two a robust border security package, and it

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Speaker 3: only increases funding to secure the border, but also addresses,

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Speaker 3: in particular the abuse of the asylum laws of the

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Speaker 3: United States, where many illegal immigrants are falsely claiming asylum

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Speaker 3: and then waiting the three to four years before those

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Speaker 3: cases could be heard. I'd love to see the Senate

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Speaker 3: come to a deal where we can actually secure the

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Speaker 3: US Mexico border. I too was optimistic not that long ago,

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Speaker 3: but my optimism continues to fade by the fact that

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Speaker 3: the Biden administration is not engaging directly in these negotiations.

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Speaker 2: Are you encouraged by what you're hearing from Democratic lawmakers though,

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Speaker 2: whether it's Chris Murphy or even like I said, reporting

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Speaker 2: from Bloomberg that the White House is open to items

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Speaker 2: that weren't even being discussed Congressman a couple of months ago,

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Speaker 2: whether it's the parole system, enhancing the deportation process, or

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Speaker 2: as you mentioned, tightening asylum law. This was not a

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Speaker 2: conversation that we were having until really just weeks ago.

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Speaker 2: Does that not feel like progress?

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Speaker 3: Well, it's progress, but only because the political pressure is

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Speaker 3: building on the administration. I mean again, the fact that

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Speaker 3: the governor of New York State, the mayor of New

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Speaker 3: York City, Democrats across the country who are operating at

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Speaker 3: the state and local level are dealing with the challenges

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Speaker 3: of an unsecured border and are getting to wits end

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Speaker 3: where they're actually on the president to change course. Is

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Speaker 3: that building a political pressure which is forcing the administration

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Speaker 3: to begin to come to the table, but there's a

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Speaker 3: long ways to go. Again. The House passed a robust

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Speaker 3: border security bill that I think really should be taken

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Speaker 3: up in the Senate. Let them amend it, Let them

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Speaker 3: have the vote on the floor of the Senate and

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Speaker 3: see where they stand if they want to. But I

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Speaker 3: think on the whole the American people will look at

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Speaker 3: the Republican past HR two border security bill and will

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Speaker 3: say that's good legislation that we need to secure the

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Speaker 3: US Mexico border.

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Speaker 2: I don't want to do this whole talk on the border. Congressman,

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Speaker 2: we've heard even from from Congressman or Senator James Lankford

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Speaker 2: is the Republican lead of negotiations in the Senate. Remind

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Speaker 2: that HR two did not get a single Democratic vote,

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Speaker 2: And I know that you see it differently here, But

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Speaker 2: if that's the starting point, won't that likely delay a

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Speaker 2: final product here when we could be talking compromising on

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Speaker 2: some areas that I've already mentioned where it appears Democrats

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Speaker 2: and Republicans see eye to eye.

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Speaker 3: Well, I think what we have here, though, Joe, is

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Speaker 3: the political wins have shifted pretty dramatically. The problem that

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Speaker 3: conservatives have pointed out in Biden's border policies are now

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Speaker 3: coming to fruition, and we continue to see the challenges

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Speaker 3: being faced at the state and local level across the country.

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Speaker 3: And the fact that Democrat elected officials across the country

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Speaker 3: are calling on the Biden administration to change course, I

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Speaker 3: think actually gives credence to the fact that the Republican

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Speaker 3: policy put forward has a lot of validity to it. Again,

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Speaker 3: if the Senate wants to make amendments to this, put

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Speaker 3: this on the floor of the Senate and allow the

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Speaker 3: amendments to go forward, and we'll see where people are

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Speaker 3: at regarding each and every provision. I think what would

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Speaker 3: see is that the Senate would actually move this forward,

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Speaker 3: and I think that's the fear of Chuck Schumer and

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Speaker 3: the Biden administration.

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Speaker 2: Interesting, something did come to the floor in the Senate

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Speaker 2: just last week, and that was the actual supplemental request.

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Speaker 2: There was a procedural vote on this one hundred plus

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Speaker 2: billion dollars for Ukraine, Israel, Taiwan and the money that

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Speaker 2: had first been put forth by the White House for

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Speaker 2: border sek curity. That of course failed, and the President

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Speaker 2: talked about that in his news conference last evening with

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Speaker 2: the President of Ukraine. Here's Joe Biden, and I'd love

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Speaker 2: to have you respond.

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Speaker 4: Russian loyalist in Moscow celebrated when Republicans voted to block

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Speaker 4: Ukraine aid last week. A host of a Kremlin run

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Speaker 4: show literally said, I quote, well done, Republicans.

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Speaker 2: How do you respond to something like that, Congressman, knowing

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Speaker 2: that funding for Ukraine as well as Israel and the

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Speaker 2: others are on ice until the border can be solved.

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Speaker 3: Well, I think ultimately right, it's a little bit of

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Speaker 3: a pump fake there by the President trying to ignore

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Speaker 3: the fact that Republicans have been pretty consistent. Let's secure

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Speaker 3: the US Mexico border, and let's make sure that we're

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Speaker 3: providing defense funding for our allies around the globe who

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Speaker 3: are facing incredibly serious threats. So we can play the

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Speaker 3: game of hide the ball, but it's not productive. The

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Speaker 3: answer here is for the Senate to come to the

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Speaker 3: table and to strike the deal to get the border

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Speaker 3: security that's needed the US Mexico border, such that we

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Speaker 3: can provide funding and in particular, provide weapons to the

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Speaker 3: Ukrainians who're working to defend themselves against an unjust invasion

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Speaker 3: from Russia as well as providing the resources that is

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Speaker 3: needed in Israel so that they can eradicate the terrorist

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Speaker 3: group Hamas.

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Speaker 2: So you do support funding both as long as there's

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Speaker 2: a border deal.

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Speaker 3: Well, I think I want to look at any legislation

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Speaker 3: that comes forward to make sure that it's targeted, to

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Speaker 3: make sure that we have accountability for how those funds

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Speaker 3: would be spent, to make sure that we actually have

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Speaker 3: an endgame that we're driving forward. And as it relates

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Speaker 3: to Ukraine, what I think we've really seen the President

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Speaker 3: do is failure to actually dictate what the endgame is

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Speaker 3: in Ukraine. That's a challenge in and of itself, but

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Speaker 3: I think there is a true opportunity here to make

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Speaker 3: sure that we're getting funding for the U in securing

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Speaker 3: the US Mexico border and coupling that with the funding

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Speaker 3: for our allies around the globe.

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Speaker 2: Okay, a few other things that are on the list here,

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Speaker 2: renewals for FIZA and the FAA. I know those have

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Speaker 2: been kicked into the new year, and so has the

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Speaker 2: budget itself. Congressman, are we going to be talking about

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Speaker 2: a shutdown when you come back after the holidays? That

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Speaker 2: the first transh of bills would expire in late January,

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Speaker 2: the next in early February. This lattered cr that we

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Speaker 2: all labored over is actually in place now, and the

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Speaker 2: clock is ticking based on all of the other chaos

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Speaker 2: and lack of compromise that we've seen the last couple

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Speaker 2: of months. Do you think January will solve these issues?

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Speaker 2: Or are we talking shutdown in twenty twenty four?

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Speaker 3: This Congress has been so dysfunctional in a narrowly divided House,

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Speaker 3: a narrowly divided Senate, and a Democratic president that has

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Speaker 3: not been engaging. So I always remain concerned, but I've

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Speaker 3: remained consistent keeping the United States government open and operational

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Speaker 3: is an absolute priority. Republicans lose and Conservatives lose when

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Speaker 3: we shut down the government because at the end of

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Speaker 3: the day, we always end up spending more money. In

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Speaker 3: the end, we need to get the top line number completed,

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Speaker 3: meaning what's the total dollar amount that we're going to spend,

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Speaker 3: strike that deal and allow the appropriators to get to

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Speaker 3: work to determine how we're going to utilize the funds

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Speaker 3: that we're going to allocate. The fact that we're delayed

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Speaker 3: in this between Republicans and Democrats is darn frustrating for everyone.

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Speaker 3: I remain concerned that this deadline is looming on us

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Speaker 3: in the very near future. But hopefully this break that

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Speaker 3: we're going to ultimately have for Christmas in the new

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Speaker 3: year will allow cooler heads to prevail such that we

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Speaker 3: can get the work done on funding for this year's

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Speaker 3: ongoing federal government.

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Speaker 2: That would be remarkable, not just based on history, but

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Speaker 2: knowing the threats that could loom for the new Speaker

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Speaker 2: of the House. I guess not so new. Mike Johnson

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Speaker 2: has said no more crs. So that's going to be

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Speaker 2: the question here whether there could be a short term solution. Congressman,

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Speaker 2: would that get the speaker fired? Allah Kevin McCarthy if

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Speaker 2: that happened.

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Speaker 3: I think the Speaker has done a good job in

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Speaker 3: unifying the House and moving us forward. Here is in

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Speaker 3: a period of time where you have a narrow majority,

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Speaker 3: and you have Democrats in the Senate and in the

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Speaker 3: White House and divide a government, it is difficult to

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Speaker 3: get anything done. I think when we hear that there's

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Speaker 3: no more crs, let's get the actual job done. Let's

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Speaker 3: actually pass the appropriations bills, the work that so much

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Speaker 3: of the House has been done to do that. Passing

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Speaker 3: a cr is not a good answer. It's simply better

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Speaker 3: than shutting the government down. I think many of us

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Speaker 3: are optimistic that we can get the top line number completed,

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Speaker 3: allow the appropriators to get to work to get the

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Speaker 3: final drafts of the bills done, and get those passed

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Speaker 3: in both the House and the Senate and signed into

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Speaker 3: law before the deadline.

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Speaker 2: Have you heard from the Speaker about when everybody's going home, Congressman,

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Speaker 2: I'm guessing that's going to be tomorrow or Friday.

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Speaker 3: Well, we're scheduled here at the end of the week,

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Speaker 3: but things in Washington change quickly. Again. If there's an

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Speaker 3: opportunity to strike a deal to truly get border security,

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Speaker 3: myself and others are going to stay in town to

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Speaker 3: do that. Again. I would like us to stay here

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Speaker 3: until we get that deal done, but ultimately we'll find

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Speaker 3: out whether or not we're able to get that compromise

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Speaker 3: and that piece of legislation across the line.

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Speaker 2: Well, that would be a high sign. Otherwise, I guess

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Speaker 2: we're back to this in January. I want to thank

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Speaker 2: you for joining. Congressman Brian Style, the Republican from Wisconsin,

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Speaker 2: another lawmaker here on this program, willing to work overtime

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Speaker 2: through the weekend and up closer to the holiday like

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Speaker 2: the rest of us, to make something happen. Congressman, if

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Speaker 2: that's the case, we'd love to talk to you. We'll

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Speaker 2: do good to see you, sir. With us from Capitol

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Speaker 2: Hill Live Congressman Brian Style as we assemble our panel

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Speaker 2: here on the Wednesday edition of Sound On, I'm Joe

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Speaker 2: Matthew and Washington now joined by Rick Davis and Jeanie Shanzano,

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Speaker 2: of course Bloomberg Politics contributors. Rick, it does look like

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Speaker 2: they're going to be getting on airplanes on Friday and

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Speaker 2: that there will not be a deal on the border.

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Speaker 2: What do you make of Congressman styles idea everybody goes

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Speaker 2: home for the holidays, cooler heads prevail. Because we've also

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Speaker 2: seen the opposite happen when law makers leave town. What's

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Speaker 2: this going to look like?

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Speaker 5: Well, with all respect to Congressman Styles, I think a

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Speaker 5: great interview. Very smart guy knows what's going on on

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Speaker 5: Capitol Hill. But cooler heads never get anything done in Washington.

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Speaker 5: I mean it's when they're back up against the wall.

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Speaker 5: Deadlines are the only thing that gets Congress to act,

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Speaker 5: and so why not use this perfectly good holiday to

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Speaker 5: force these guys to earn a living and do their job.

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Speaker 5: I mean, as he pointed out, there are a lot

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Speaker 5: of appropriations bills that could use some work. It's not

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Speaker 5: like they should be just sitting around waiting for the

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Speaker 5: clock to tick, you know, not to mention Ukraine, Israel,

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Speaker 5: border security and Taiwan. And everybody forgets about Taiwan. But

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Speaker 5: they got elections in January. It'd be nice to show

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Speaker 5: our support for the Taiwanese, you know, by passing this legislation.

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Speaker 5: So I think the whole trick here is to jam

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Speaker 5: them by forcing them to stick around until Christmas Eve

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Speaker 5: if they have to. Won't be the first time. And

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Speaker 5: I think the key player in this is who's got

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Speaker 5: to be willing to make a deal on the border.

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Speaker 5: That's probably going to upset his party, but it's the

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Speaker 5: only way to get a deal done. In six months

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Speaker 5: from now, he'll look pretty smart because he was able

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Speaker 5: to fund this war in Ukraine and they were able

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Speaker 5: to turn the tide in the spring.

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Speaker 2: Well, the White House is apparently getting involved here in

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Speaker 2: a real way, Jeanie, I don't know if Joe Biden

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Speaker 2: can help to keep lawmakers in town. But we saw

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Speaker 2: a really important meeting take place yesterday. Whether it leads

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Speaker 2: to anything, I guess we'll decide how important it is

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Speaker 2: going forward. But you've got the Homeland Secretary of may

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Speaker 2: arcs there, the Deputy Chief of Staff was there, a

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Speaker 2: Legislative Affairs director, all taking part in a meeting on

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Speaker 2: Capitol Hill with the key negotiators. I'm guessing, Genie, you're

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Speaker 2: going to tell me that should have taken place weeks ago,

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Speaker 2: but it's happening now. Is that enough reason for lawmakers

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Speaker 2: to stay in Washington?

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Speaker 6: You know, I think they should stay in Washington. Of course,

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Speaker 6: we all wished it happened weeks ago, hey, maybe years ago,

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Speaker 6: but it didn't. The reality is, though, the incentive structure here,

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Speaker 6: when you think about it from all perspectives, not just

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Speaker 6: the White House, it's it's not playing to the advantage

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Speaker 6: of anybody who wants to see border security passed. I mean,

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Speaker 6: just think about it. Yes, the White House is getting

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Speaker 6: pushed back from the left. We've heard from Senator Padia

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Speaker 6: and others, the Hispanic Caucus. You've got a lot of

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Speaker 6: folks on the left worried about what the White House

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Speaker 6: may quote unquote cave in on. But it's not just

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Speaker 6: the left. This would be a big boon to Brick's point,

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Speaker 6: if the White House could get something on the border.

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Speaker 6: Do we really think Republicans are incentivized to see that

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Speaker 6: happen as we march weeks away into an election year.

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Speaker 6: The incentive structure on the border issue has been wrong

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Speaker 6: for a long time in my mind. Unfortunately, it continues

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Speaker 6: to be wrong. The one thing I think we had

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Speaker 6: in the favor with seeing Zelenski come over here. People

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Speaker 6: do agree on getting Ukraine aated Israeli aid. Tying those

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Speaker 6: together may push them over that, but so far we

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Speaker 6: haven't seen movement there, and that's where I think we

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Speaker 6: are held up at this point. And unfortunately, to Rix point,

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Speaker 6: Taiwan but also Israel Ukraine probably going to have to

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Speaker 6: wait until January if they get done at all at this.

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Speaker 2: Point, Rick, CBS News reports the White House has a

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Speaker 2: new proposal, a new border authority to expel migrants without

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Speaker 2: asylum screenings, as well as a dramatic expansion of immigration

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Speaker 2: detention and deportations. Congressman Style still talking about HR two,

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Speaker 2: not a single Democrat voted for.

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Speaker 1: That is an.

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Speaker 2: Idea like this attractive? Or are you going to say

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Speaker 2: we can't even enforce the rules currently on the books,

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Speaker 2: what are we doing making a new border authority?

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Speaker 5: Yeah, it sounds like a pretty interesting and run around

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Speaker 5: old title forty two.

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Speaker 2: We spent a lot of.

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Speaker 5: Time this summer debating that, and so look, I mean

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Speaker 5: it's it's creative, right. Last thing we need is another

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Speaker 5: government agency. I mean that's what Homeline Security was created

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Speaker 5: to do. And the fact that they aren't very good

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Speaker 5: at it doesn't mean we need to replace something. You

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Speaker 5: create something new. So I'm generally opposed to government expansion,

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Speaker 5: but uh, look I want I want these these these

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Speaker 5: these patriots in Ukraine and and Israel to get funding.

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Speaker 5: I want a tighter border security. I'll take whatever I

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Speaker 5: can get that titans the screening process and doesn't allow

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Speaker 5: uh illegal immigration at our border, you know, without some

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Speaker 5: kind of controls on it. And if this is one

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Speaker 5: way to do that, not only will Republicans be interested

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Speaker 5: in a deal like that, but big city mayors, who

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Speaker 5: are all Democrats, whether they're in Chicago or New York,

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Speaker 5: you know, uh, they are tired of you know, twenty

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Speaker 5: buses a week coming into their cities and unloading immigrants

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Speaker 5: looking for asylum.

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Speaker 2: Giny, you mentioned the President uh meeting with President Zelenski yesterday.

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Speaker 2: We didn't have a chance to talk about this because

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Speaker 2: their news conference ran late at start, almost an hour late.

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Speaker 2: Their meeting in the Oval ran late. Was that a

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Speaker 2: worthy visit? It sounds like you thought it had an impact.

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Speaker 2: We may not have a border deal, but it reminded

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Speaker 2: folks of the needs in Ukraine. We heard some lawmakers though,

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Speaker 2: suggest that they've been seeing a little too much of

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Speaker 2: President Zelensky, not necessarily in person, but the asks keep coming.

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Speaker 2: You know, on his last visit, his attitude rubbed people

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Speaker 2: the wrong way. Does coming here in person help, you.

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Speaker 6: Know, it can't hurt. The reality is there is bipartisan

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Speaker 6: support still in Congress to get aid to Ukraine. Arguably

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Speaker 6: to your point, there are more questions in Congress about

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Speaker 6: the aid, how it's being used, what the end game

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Speaker 6: is here. But the reality is is the Lensky came

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Speaker 6: over here and he is being asked to move Congress

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Speaker 6: on something that he has no control over, which is

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Speaker 6: the border. And so you know, I'm not sure it

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Speaker 6: makes that much of a difference. What was a difference

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Speaker 6: was this year. I mean, last year he comes and

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Speaker 6: there is standing ovation. This year we even saw Congress

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Speaker 6: people who weren't even that interested in meeting with him

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Speaker 6: or hearing from him. The ones who support him said

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Speaker 6: that publicly. The ones who don't have been vocal about that.

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Speaker 6: He does have the support needed, but if that's tied

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Speaker 6: to border, it's not going to be something that Vladimir Zelenski,

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Speaker 6: as talented as he is, can impact. And so this

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Speaker 6: is where you know, I'm not sure that his visit,

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Speaker 6: it's got to have been distressing for him. I'm not

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Speaker 6: sure it's going to be effective and getting him what

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Speaker 6: he needs in the short term.

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Speaker 2: Was that a smart move Rick to come to the

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Speaker 2: United States in the middle of all of this. Cito's

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Speaker 2: about the border debate. President Zelensky knows about the funding

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Speaker 2: issues here in Washington, the lack of consensus. He's still

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Speaker 2: parachuted in the middle of it.

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Speaker 5: Yeah, there is consensus on support for Ukraine, but there

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Speaker 5: are a lot of chirping members in both the House

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Speaker 5: and the Senate. And and we've talked about this being

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Speaker 5: sort of a deadline. Right deadlines are good to get

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Speaker 5: things done in Congress. He took the risk to travel

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Speaker 5: here because he knew that we were entering a deadline

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Speaker 5: and could we get this done before the end of

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Speaker 5: the year, before the Christmas break, and he was willing

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Speaker 5: to gamble his time and travel in order to get

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Speaker 5: that done. I think he was respectfully received. I think

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Speaker 5: that it probably drew more attention to Ukraine than otherwise

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Speaker 5: would have gotten without him being here. So I think

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Speaker 5: all those things are positive. Let's see what will come

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Speaker 5: out of it. Let's see whether or not Republicans and

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Speaker 5: Democrats in the Seneca work together to fashion a bipartisan solution,

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Speaker 5: which is being worked on fevershly right now, to try

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Speaker 5: and get out before these guys break for Christmas.

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Speaker 2: Quick gut check before we go to Charlie Pellett for

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Speaker 2: an update on the market. So I haven't even mentioned

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Speaker 2: Hunter yet, and we're going to get there. For Rick

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Speaker 2: and Genie, I'll start with Eugenius. The government going to

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Speaker 2: shut down beginning of next year.

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Speaker 6: I don't think it's in anybody's interest, so I'm gonna

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Speaker 6: say no. But the three voat margin, I think it's

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Speaker 6: anybody's guest. Given where the House is at this point.

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Speaker 2: You know, the Republicans have an allergy, including the speaker

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Speaker 2: Rick to another cr What do you think, Yeah, I.

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Speaker 5: Think that forces action would have had more confidence than

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Speaker 5: if they'd gotten some decent work done on those appropriations

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Speaker 5: bills that are due by that first deadline in January,

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Speaker 5: that it would have been a relatively easy thing to

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Speaker 5: pass those. I think the Freedom Caucuses on their heels.

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Speaker 5: So now's the time to sort of do the government's

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Speaker 5: work while you still have a bit of a honeymoon.

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Speaker 2: A speaker, Well, if only they listen to our panel

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Speaker 2: more closely like we do. Where's Hunter he's here today

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Speaker 2: in Washington. As a matter of fact, we're going to

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Speaker 2: do that next and talk about a looming vote here

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Speaker 2: on what appears to be set to formalize an impeachment.

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Speaker 2: Incre you to Joe Biden. It's all happening today in

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Speaker 2: the Capitol.

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Speaker 1: You're listening to the Bloomberg Sound on podcast catch us

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Speaker 1: Live He's ad one, Eastern, Bloomberg dot Com, the iHeartRadio app,

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Speaker 1: and the Bloomberg Business app, or listen on demand wherever

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Speaker 1: you get your podcasts.

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Speaker 2: I'm Joe Matthew in Washington. You know who else is here,

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Speaker 2: Hunter Biden. Not a lot of folks saw this coming.

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Speaker 2: An interesting decision to actually set up a podium and

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Speaker 2: a microphone right outside the capital. First thing this morning,

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Speaker 2: reporters called to the steps of the Capitol again. Here

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Speaker 2: he is.

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Speaker 7: I am here to testify at a public hearing today

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Speaker 7: to answer any of the committee's legitimate questions. Republicans do

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Speaker 7: not want an open process where Americans can see their tactics,

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Speaker 7: expose their baseless inquiry, or hear what I have to say.

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Speaker 7: What are they afraid of? I'm here, I'm ready.

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Speaker 2: Ready to testify publicly. But that's not what the committee wanted.

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Speaker 2: The Oversight Committee, led by James Comer, wanted a closed

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Speaker 2: door testimony from the younger Biden. This, of course, is

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Speaker 2: Joe Biden's son. We knew in advance that he was

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Speaker 2: not gonna do that. Through his lawyers. Hunter Biden already

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Speaker 2: said that he would in fact answer the call to testify,

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Speaker 2: but would only do so publicly. Members of the committee

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Speaker 2: not happy, including members of the Judiciary Committee. Here's chair

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Speaker 2: Jim Jordan.

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Speaker 8: Disappointed that they didn't show up. I mean, he was

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Speaker 8: just across the way at the Capitol you think he

438
00:22:32,160 --> 00:22:34,360
Speaker 8: could have come here and set the question. If you're

439
00:22:34,359 --> 00:22:36,520
Speaker 8: doing it in an open format, now you're gonna get

440
00:22:36,600 --> 00:22:39,200
Speaker 8: You're gonna get filibusters, you're gonna get speeches, You're gonna

441
00:22:39,240 --> 00:22:40,320
Speaker 8: get all kinds of things.

442
00:22:41,119 --> 00:22:44,600
Speaker 2: What we want is the fact and all this is

443
00:22:44,840 --> 00:22:47,520
Speaker 2: leading us to a vote later today. And you can

444
00:22:47,560 --> 00:22:49,600
Speaker 2: connect the dots on this as you see fit. But

445
00:22:49,680 --> 00:22:51,920
Speaker 2: it does appear to be a vote on an impeachment

446
00:22:51,960 --> 00:22:55,560
Speaker 2: inquiry against Joe Biden. That'll happen after the closing bell.

447
00:22:55,640 --> 00:22:58,680
Speaker 2: Let's reassemble the panel for their thoughts on this. Jinny

448
00:22:58,720 --> 00:23:03,800
Speaker 2: Shanzano and Rick Davis Umberg Politics contributors, Genie, how could

449
00:23:03,840 --> 00:23:07,080
Speaker 2: you say he is a no show when he showed?

450
00:23:07,359 --> 00:23:08,840
Speaker 2: Was that a smart move for Hunter Biden?

451
00:23:08,840 --> 00:23:09,119
Speaker 3: Today?

452
00:23:10,359 --> 00:23:12,600
Speaker 6: It was a smart move. He is well represented by

453
00:23:12,640 --> 00:23:15,560
Speaker 6: Abby Lowell, and I have to say, listening to Jim Jordan,

454
00:23:15,680 --> 00:23:20,520
Speaker 6: since when did the representative oppose speeches and people grandstanding

455
00:23:20,560 --> 00:23:23,439
Speaker 6: and felibustering. It's not that Jim Jordan used to know.

456
00:23:25,600 --> 00:23:28,760
Speaker 2: Fair enough, that's what we thought hearings were for Rick Davis.

457
00:23:28,800 --> 00:23:31,719
Speaker 2: But when you listen to Hunter Biden, he's referring to

458
00:23:31,880 --> 00:23:37,359
Speaker 2: Maga He's sounding a lot like a politician here, or

459
00:23:37,400 --> 00:23:42,000
Speaker 2: at least a political operative, knowing of course that some

460
00:23:42,080 --> 00:23:44,360
Speaker 2: horrible things have been said about Hunter Biden, and he's

461
00:23:44,400 --> 00:23:46,840
Speaker 2: done some pretty bad things too, as he acknowledged today

462
00:23:47,320 --> 00:23:47,840
Speaker 2: in his speak.

463
00:23:47,960 --> 00:23:51,280
Speaker 7: They continue to insist that my father's support of Ukraine

464
00:23:51,359 --> 00:23:55,120
Speaker 7: against Russia is the result of a non existent bribe.

465
00:23:56,200 --> 00:23:59,919
Speaker 7: They displayed naked photos of me during an oversight hearing,

466
00:24:02,080 --> 00:24:04,080
Speaker 7: and they have taken the light of my dad's love,

467
00:24:07,640 --> 00:24:10,560
Speaker 7: the light of my dad's love for me, and presented

468
00:24:10,560 --> 00:24:15,080
Speaker 7: it as darkness. They have no shame.

469
00:24:16,480 --> 00:24:20,639
Speaker 2: Rick Geny mentioned his lawyer Abby Lowell. This sounded like

470
00:24:20,680 --> 00:24:23,359
Speaker 2: a speech that was written by the White House or

471
00:24:23,359 --> 00:24:27,600
Speaker 2: maybe the Biden campaign, should Hunter Biden, Well, let me

472
00:24:27,680 --> 00:24:32,480
Speaker 2: rephrase that. Does Hunter Biden help himself by making references

473
00:24:32,480 --> 00:24:33,880
Speaker 2: to the ultra maga?

474
00:24:35,720 --> 00:24:35,920
Speaker 3: Yeah?

475
00:24:35,960 --> 00:24:38,520
Speaker 5: I think it was actually a speech that would have

476
00:24:38,560 --> 00:24:41,880
Speaker 5: been more likely written by Donald Trump's campaign. I mean,

477
00:24:42,240 --> 00:24:45,119
Speaker 5: this is the year of no shame. I mean, so

478
00:24:45,800 --> 00:24:48,879
Speaker 5: he just pulls up full you know, Donald Trump, and

479
00:24:49,000 --> 00:24:51,760
Speaker 5: talks about his own foid balls and brings up a

480
00:24:51,800 --> 00:24:55,600
Speaker 5: lot of topics. Nobody, nobody in the Biden campaign is

481
00:24:55,600 --> 00:24:57,520
Speaker 5: going to sit around and say, yeah, let's go out

482
00:24:57,520 --> 00:24:59,480
Speaker 5: there and talk about your drug addiction and all the

483
00:24:59,480 --> 00:25:02,359
Speaker 5: problems that you had and all the laws that you

484
00:25:02,400 --> 00:25:06,359
Speaker 5: knowingly and wilfully broke, and the ears of prison time

485
00:25:06,400 --> 00:25:08,119
Speaker 5: that you've got coming down as the son of a

486
00:25:08,160 --> 00:25:11,680
Speaker 5: president United States. Yeah, nobody's gonna nobody's gonna write that script.

487
00:25:11,920 --> 00:25:14,760
Speaker 5: But Donald Trump, bring it on. The only thing that

488
00:25:14,840 --> 00:25:17,720
Speaker 5: was missing was this is not a prosecution against me.

489
00:25:17,760 --> 00:25:21,960
Speaker 5: It's a prosecution against you, the people of America. I mean,

490
00:25:22,040 --> 00:25:23,720
Speaker 5: like I was waiting for that in the speech and

491
00:25:23,760 --> 00:25:25,800
Speaker 5: it didn't come through. I was disappointed.

492
00:25:26,840 --> 00:25:28,720
Speaker 2: Oh boy, all right, So let me turn that back

493
00:25:28,760 --> 00:25:31,760
Speaker 2: around then, Jeannie. Is the Biden campaign cringing right now?

494
00:25:31,840 --> 00:25:33,800
Speaker 2: Wouldn't they talk to him first?

495
00:25:35,119 --> 00:25:35,359
Speaker 3: Yeah?

496
00:25:35,400 --> 00:25:37,760
Speaker 6: You know, I think they. I listened to what he

497
00:25:37,800 --> 00:25:40,040
Speaker 6: had to say, and I thought it was well done.

498
00:25:40,080 --> 00:25:43,280
Speaker 6: And I think the Biden administration is saying, way to go.

499
00:25:43,600 --> 00:25:46,040
Speaker 6: And while Rick didn't hear them make the case you

500
00:25:46,040 --> 00:25:49,120
Speaker 6: know they're prosecuting you, I certainly did. I mean, that's

501
00:25:49,160 --> 00:25:52,560
Speaker 6: the case he is making. This is a political prosecution

502
00:25:52,760 --> 00:25:56,520
Speaker 6: against my father because Donald Trump is worried about running

503
00:25:56,520 --> 00:25:59,000
Speaker 6: against him. If it wasn't he he wasn't running. Do

504
00:25:59,040 --> 00:26:02,520
Speaker 6: you think Republicans would be spending any time on Hunter Biden.

505
00:26:02,560 --> 00:26:05,320
Speaker 6: I mean, that's the case he is making. Now, let's

506
00:26:05,560 --> 00:26:09,720
Speaker 6: set that aside. Hunter Biden has done some really arguably

507
00:26:09,760 --> 00:26:13,520
Speaker 6: horrific things illegal, and he should and is, in his

508
00:26:13,560 --> 00:26:15,919
Speaker 6: own mind, in his own words, being held accountable for

509
00:26:15,920 --> 00:26:19,119
Speaker 6: those There's no question. The question here is tying it

510
00:26:19,200 --> 00:26:23,600
Speaker 6: to the president without any evidence so far of high

511
00:26:23,600 --> 00:26:27,080
Speaker 6: crimes and misdemeanors. That's the problem. This is all political,

512
00:26:27,160 --> 00:26:29,600
Speaker 6: and he's making that case and he'll continue.

513
00:26:29,119 --> 00:26:32,679
Speaker 2: To Well, I wonder your thoughts on that. Let's go

514
00:26:32,720 --> 00:26:34,600
Speaker 2: to the big one here, and that's the impeachment inquiry.

515
00:26:34,640 --> 00:26:37,280
Speaker 2: It looks like there'll be a vote today that codifies

516
00:26:37,359 --> 00:26:40,720
Speaker 2: this as a legitimate exercise in the House of Representatives.

517
00:26:40,720 --> 00:26:43,200
Speaker 2: Maybe I shouldn't use the word legitimate. It'll make it official.

518
00:26:43,560 --> 00:26:46,600
Speaker 2: You can save the tweets and emails. But Rick, we

519
00:26:46,640 --> 00:26:50,000
Speaker 2: still haven't seen the smoking gun, a document that ties

520
00:26:50,920 --> 00:26:53,720
Speaker 2: these activities by Hunter to the president or what Jim

521
00:26:53,760 --> 00:26:58,199
Speaker 2: Comer refers to as the Biden crime family. Will Republicans

522
00:26:58,240 --> 00:27:00,600
Speaker 2: regret moving this into impeachment?

523
00:27:01,960 --> 00:27:04,760
Speaker 5: You know it's it's going to be a news story tonight.

524
00:27:05,000 --> 00:27:06,520
Speaker 5: I mean, you know they're going to try and take

525
00:27:06,560 --> 00:27:08,360
Speaker 5: this vote. The only thing that makes it an interesting

526
00:27:08,400 --> 00:27:11,439
Speaker 5: news story is if they actually fail, I guess is

527
00:27:11,440 --> 00:27:13,439
Speaker 5: it'll be a party line straight up, and they'll have

528
00:27:13,480 --> 00:27:16,040
Speaker 5: a couple of vote margin and and and and claim

529
00:27:16,200 --> 00:27:19,040
Speaker 5: that you know, they're going to move forward with this inquiry.

530
00:27:19,960 --> 00:27:23,639
Speaker 5: Many members have already stated that unless there is a

531
00:27:23,720 --> 00:27:26,399
Speaker 5: smoking gun, as you say, Joe, they're not going to

532
00:27:26,480 --> 00:27:29,320
Speaker 5: vote for impeachment. And so this could be the longest

533
00:27:29,320 --> 00:27:31,959
Speaker 5: inquiry in the history of impeachments. It could last all

534
00:27:31,960 --> 00:27:35,680
Speaker 5: the way through to the election day next year. And and look,

535
00:27:35,720 --> 00:27:37,760
Speaker 5: I mean I think Hunter gained them right, I mean,

536
00:27:37,760 --> 00:27:40,200
Speaker 5: they wanted to take this vote tonight on the heels

537
00:27:40,200 --> 00:27:42,480
Speaker 5: of his testimony. You don't think Comber would have run

538
00:27:42,520 --> 00:27:45,320
Speaker 5: out of that that that hearing room that had been

539
00:27:45,400 --> 00:27:48,480
Speaker 5: locked all day long and say I've got a smoking gun.

540
00:27:48,560 --> 00:27:50,919
Speaker 5: We've got to open this inquiry now, I mean, like

541
00:27:51,200 --> 00:27:55,320
Speaker 5: of course he would. So he's denied them that satisfaction.

542
00:27:55,359 --> 00:27:57,680
Speaker 5: They got to take a straight vote. Now, it's all politics,

543
00:27:57,680 --> 00:28:00,960
Speaker 5: as Genie says, But I've actually seen a lot of

544
00:28:01,000 --> 00:28:04,840
Speaker 5: surveys where the American public is not backing this inquiry,

545
00:28:05,000 --> 00:28:09,080
Speaker 5: so you know, proceed at your own risk. House Republicans.

546
00:28:09,400 --> 00:28:12,280
Speaker 5: You wouldn't be the first time that when Congress goes

547
00:28:12,320 --> 00:28:18,080
Speaker 5: after a president that it backfires on him politically. Bill Clinton, m.

548
00:28:19,359 --> 00:28:21,480
Speaker 2: Does Joe Biden come out stronger than Jeannie?

549
00:28:22,880 --> 00:28:25,480
Speaker 6: You know, I'm not so sure if he does or not.

550
00:28:25,600 --> 00:28:27,800
Speaker 6: I think the reason we're seeing to eighteen from the

551
00:28:27,840 --> 00:28:31,000
Speaker 6: Biden districts, eighteen Republicans who look likely at this point

552
00:28:31,000 --> 00:28:34,040
Speaker 6: to support this inquiry vote is because they don't see

553
00:28:34,040 --> 00:28:37,960
Speaker 6: a downside. We've talked about this before. Impeachment has now

554
00:28:38,040 --> 00:28:42,160
Speaker 6: become watered down political tool to be used. It's stunning

555
00:28:42,200 --> 00:28:45,320
Speaker 6: to me for a party that claims that it is,

556
00:28:45,480 --> 00:28:49,320
Speaker 6: you know, committed to the Constitution, that they read the

557
00:28:49,360 --> 00:28:55,040
Speaker 6: Constitution in a very fair and inconsistent with the with

558
00:28:55,080 --> 00:28:58,200
Speaker 6: the way the Framers intended it to are do pushing

559
00:28:58,280 --> 00:29:01,040
Speaker 6: for this because there is zero r evidence again of

560
00:29:01,160 --> 00:29:04,880
Speaker 6: high crimes and misdemeanors. So, you know, I'm not sure

561
00:29:04,920 --> 00:29:07,040
Speaker 6: though they see a downside because they think this will

562
00:29:07,080 --> 00:29:08,959
Speaker 6: gin up their support at the polls, it will gin

563
00:29:09,080 --> 00:29:13,840
Speaker 6: up contributions, and it won't deter independence potentially, So it's

564
00:29:13,960 --> 00:29:16,800
Speaker 6: just another tool now and they're pursuing it, and this

565
00:29:16,960 --> 00:29:19,720
Speaker 6: is why people are frustrated with Washington d C.

566
00:29:21,560 --> 00:29:24,360
Speaker 2: Ginny Schanzano and Rick Davis, who thank you as always

567
00:29:24,440 --> 00:29:29,600
Speaker 2: for great analysis. Thanks for listening to the Sound On podcast.

568
00:29:29,640 --> 00:29:32,760
Speaker 2: Make sure to subscribe if you haven't already, at Apple, Spotify,

569
00:29:32,800 --> 00:29:35,239
Speaker 2: and anywhere else you get your podcasts, and you can

570
00:29:35,280 --> 00:29:38,280
Speaker 2: find us live every weekday from Washington, DC at one

571
00:29:38,320 --> 00:29:42,840
Speaker 2: pm Eastern Time at Bloomberg dot com