1 00:00:00,880 --> 00:00:04,360 Speaker 1: You're listening to the Bloomberg Sound On podcast. Catch us 2 00:00:04,400 --> 00:00:06,479 Speaker 1: live weekdays at one Eastern. 3 00:00:06,160 --> 00:00:09,360 Speaker 2: On Bloomberg dot com, the iHeartRadio app and the Bloomberg 4 00:00:09,400 --> 00:00:12,800 Speaker 2: Business app, or listening on demand wherever you get your podcasts. 5 00:00:14,080 --> 00:00:16,360 Speaker 3: As we get started here with the Thursday edition of 6 00:00:16,360 --> 00:00:18,799 Speaker 3: Bloomberg Sound On, I'm Joe Matthew back. 7 00:00:18,600 --> 00:00:20,760 Speaker 4: In Washington, d C. At least for a moment. 8 00:00:20,840 --> 00:00:23,320 Speaker 3: We're New Hampshire bound this weekend, and for good reason, 9 00:00:23,600 --> 00:00:25,560 Speaker 3: as we had for the first in the nation primary, 10 00:00:25,600 --> 00:00:27,800 Speaker 3: and we'll bring you special coverage from the Granite State. 11 00:00:28,600 --> 00:00:31,120 Speaker 4: Real doubts today about. 12 00:00:30,800 --> 00:00:33,360 Speaker 3: The so called momentum behind Nikki Haley that we were 13 00:00:33,360 --> 00:00:36,960 Speaker 3: talking about just a week ago. Quite a bit has 14 00:00:37,040 --> 00:00:40,360 Speaker 3: changed since the Iowa caucuses. In a new poll by 15 00:00:40,479 --> 00:00:43,640 Speaker 3: Saint Ansel kind of says it all finding as I 16 00:00:43,680 --> 00:00:47,840 Speaker 3: read in the headline, Trump now enjoys majority support within 17 00:00:48,040 --> 00:00:50,920 Speaker 3: likely New Hampshire Republican presidential primary voters. 18 00:00:50,960 --> 00:00:51,720 Speaker 4: We saw a. 19 00:00:51,680 --> 00:00:54,400 Speaker 3: Blowout win, of course in Iowa, and there are questions 20 00:00:54,760 --> 00:00:57,120 Speaker 3: about what this might look like. Remembering again, it was 21 00:00:57,240 --> 00:00:59,560 Speaker 3: just a week ago people were talking about a potential 22 00:00:59,600 --> 00:01:02,680 Speaker 3: win for Nicki Haley, now governor christanninhu is talking about 23 00:01:02,680 --> 00:01:05,600 Speaker 3: a strong second and that's where we begin our conversation 24 00:01:05,720 --> 00:01:07,720 Speaker 3: today before we turn to our panel, and I'm looking 25 00:01:07,720 --> 00:01:09,560 Speaker 3: forward to having Kristin Han on board with us. 26 00:01:09,640 --> 00:01:12,360 Speaker 4: Genie is off today and we'll be back tomorrow. 27 00:01:12,920 --> 00:01:15,840 Speaker 3: Chris Galdari one of the political voices we turned to 28 00:01:16,240 --> 00:01:18,840 Speaker 3: in New Hampshire, a political scientist and professor at Saint 29 00:01:18,880 --> 00:01:21,800 Speaker 3: Anselm College, which again cranked out this poll. 30 00:01:21,880 --> 00:01:23,360 Speaker 4: It's great to see you, Chris. 31 00:01:23,120 --> 00:01:26,120 Speaker 3: Were almost there, and I wonder your thoughts on what 32 00:01:26,160 --> 00:01:30,160 Speaker 3: we're seeing today because your poll importantly reflects the departure 33 00:01:30,240 --> 00:01:33,520 Speaker 3: of Chris Christie. And it looks like those votes, at 34 00:01:33,560 --> 00:01:36,280 Speaker 3: least a majority of them did go to Nicky Haley, 35 00:01:36,680 --> 00:01:38,120 Speaker 3: but not enough to make a difference. 36 00:01:39,680 --> 00:01:41,440 Speaker 5: That's right, and I think, you know, I think the 37 00:01:41,480 --> 00:01:44,680 Speaker 5: Iowa result took some of the wind out of Haley's sales. 38 00:01:45,120 --> 00:01:48,080 Speaker 5: You know, her campaign had been talking about potential second 39 00:01:48,120 --> 00:01:52,520 Speaker 5: place finish, DeSantis being in a distant third, and instead 40 00:01:52,560 --> 00:01:56,000 Speaker 5: that's not what happened. Trump won by a huge margin 41 00:01:56,040 --> 00:01:59,600 Speaker 5: in Iowa, but Desanta's finished ahead of Haley, and I 42 00:02:00,160 --> 00:02:05,120 Speaker 5: really struggled, I think, to uh find her footing after that. 43 00:02:05,160 --> 00:02:07,200 Speaker 5: You know, she talked about it being a two person race. 44 00:02:07,360 --> 00:02:09,760 Speaker 5: But you know DeSantis, you know he's still in this, 45 00:02:09,919 --> 00:02:12,720 Speaker 5: but he is down in South Carolina and talking about 46 00:02:12,720 --> 00:02:16,639 Speaker 5: Super Tuesday. I just think, you know, this poll suggests 47 00:02:16,680 --> 00:02:18,880 Speaker 5: that you know, Haley might have you know, might have 48 00:02:19,200 --> 00:02:21,399 Speaker 5: hit her ceiling and maxed out her support that's out there. 49 00:02:23,160 --> 00:02:25,520 Speaker 3: It's an interesting scenarios that kind of peak early in 50 00:02:25,560 --> 00:02:28,400 Speaker 3: New Hampshire since it's so early in the process, but 51 00:02:28,480 --> 00:02:30,519 Speaker 3: so people know what we're talking about here. Donald Trump 52 00:02:30,600 --> 00:02:33,399 Speaker 3: at fifty two percent. That's up seven points since last week, 53 00:02:33,480 --> 00:02:36,280 Speaker 3: up seven. Also up seven is Nikki Haley, and that 54 00:02:36,320 --> 00:02:39,400 Speaker 3: would reflect what we saw with the Christie votes moving around. 55 00:02:39,400 --> 00:02:41,480 Speaker 3: I think you might agree that's thirty eight percent, So 56 00:02:41,520 --> 00:02:45,120 Speaker 3: fifty two thirty eight, that's a big spread here. Chris, 57 00:02:45,160 --> 00:02:48,280 Speaker 3: what did you think yesterday when you heard Chris Sanunu 58 00:02:48,360 --> 00:02:50,480 Speaker 3: talk about a strong second, because we've got to be honest, 59 00:02:50,480 --> 00:02:51,560 Speaker 3: they were talking about winning this. 60 00:02:52,680 --> 00:02:55,079 Speaker 5: Yeah, I mean, I think, you know, unless it's a 61 00:02:55,080 --> 00:02:59,200 Speaker 5: strong second, like you know, remember the twenty twelve Iowa 62 00:02:59,240 --> 00:03:03,440 Speaker 5: caucuses where there was like seven votes between Romney and Santorum, 63 00:03:03,480 --> 00:03:07,360 Speaker 5: I think anything short of that is going to be 64 00:03:07,639 --> 00:03:11,040 Speaker 5: a really significant blow to the Haley campaign to go 65 00:03:11,080 --> 00:03:13,720 Speaker 5: from talking about winning to talking about a strong second. 66 00:03:14,240 --> 00:03:16,000 Speaker 5: I mean, you don't want to be the candidate who's 67 00:03:16,040 --> 00:03:19,840 Speaker 5: talking about a moral victory or placing a really really robust, bust, 68 00:03:19,880 --> 00:03:24,040 Speaker 5: strong second, because you know, winning's the name of the game, 69 00:03:24,160 --> 00:03:29,080 Speaker 5: and you know, in this sort of sequential primary system, 70 00:03:29,520 --> 00:03:31,880 Speaker 5: you know there is not another state in the Union 71 00:03:31,880 --> 00:03:34,639 Speaker 5: that is tailor made for Haley to do well as 72 00:03:34,720 --> 00:03:36,680 Speaker 5: New Hampshire. I mean, if she can't do it here, 73 00:03:37,080 --> 00:03:39,320 Speaker 5: you know, I struggle looking at the rest of the 74 00:03:39,360 --> 00:03:41,839 Speaker 5: map to see other states where she's going to pull 75 00:03:41,840 --> 00:03:43,640 Speaker 5: off an upset well. 76 00:03:43,640 --> 00:03:45,080 Speaker 3: And a lot of folks are saying, even if she 77 00:03:45,160 --> 00:03:47,280 Speaker 3: won New Hampshire, that there might not be a path here. 78 00:03:47,280 --> 00:03:49,160 Speaker 3: And I realized a lot of things can change overnight 79 00:03:49,200 --> 00:03:54,119 Speaker 3: when you win New Hampshire, Chris By talking about moral victories, 80 00:03:54,160 --> 00:03:56,600 Speaker 3: I'd love to know what it felt like or what 81 00:03:56,680 --> 00:03:59,120 Speaker 3: grown you might have heard of New Hampshire. When Nicky 82 00:03:59,160 --> 00:04:02,320 Speaker 3: Haley and Ronda sam We're both on stage in Iowa, 83 00:04:02,520 --> 00:04:06,240 Speaker 3: DeSantis saying we got our ticket punched in Iowa even 84 00:04:06,280 --> 00:04:08,640 Speaker 3: though it was a distant second. And Nikki Haley, who 85 00:04:08,640 --> 00:04:11,720 Speaker 3: came in third, says, now, two person race because she 86 00:04:11,800 --> 00:04:15,720 Speaker 3: won one of ninety nine counties. That's not exactly Yeah, 87 00:04:15,920 --> 00:04:18,440 Speaker 3: the momentum you need to fly into New Hampshire. 88 00:04:19,000 --> 00:04:20,040 Speaker 4: Yeah, that's exactly right. 89 00:04:20,040 --> 00:04:21,599 Speaker 5: I mean, I think I think there was a lot 90 00:04:21,680 --> 00:04:24,520 Speaker 5: of willful self delusion going on on those stages on 91 00:04:24,560 --> 00:04:27,800 Speaker 5: Monday night. You know, DeSantis had the endorsement of the governor, 92 00:04:28,400 --> 00:04:31,000 Speaker 5: he had the endorsement of Bob vander Platz, an extremely 93 00:04:31,040 --> 00:04:36,080 Speaker 5: influential evangelical conservative leader, and that got him to twenty 94 00:04:36,120 --> 00:04:39,200 Speaker 5: one percent. Haley had been talking about coming on strong 95 00:04:39,320 --> 00:04:43,240 Speaker 5: and surging into second place and giving Trump a scare 96 00:04:43,279 --> 00:04:46,039 Speaker 5: and knocking Dessantis out of the race, and instead she 97 00:04:46,120 --> 00:04:49,599 Speaker 5: finished behind DeSantis. You know, it is just, you know, 98 00:04:50,520 --> 00:04:53,760 Speaker 5: really tough to look at that, and you know, look, 99 00:04:53,760 --> 00:04:55,560 Speaker 5: you say what you have to say to get through 100 00:04:56,160 --> 00:05:01,680 Speaker 5: the disappointing election result. I remember remember Joe Lieberman coming 101 00:05:01,720 --> 00:05:03,560 Speaker 5: in fifth and saying it was a three way tie 102 00:05:03,560 --> 00:05:07,480 Speaker 5: for third. And if you're really old, you remember Mike 103 00:05:07,560 --> 00:05:11,039 Speaker 5: Dukaka saying he won a bronze medal in Iowa in 104 00:05:11,120 --> 00:05:11,960 Speaker 5: nineteen eighty eight. 105 00:05:12,360 --> 00:05:12,880 Speaker 4: Remember that. 106 00:05:14,240 --> 00:05:18,440 Speaker 5: But yeah, it's just, you know, look, I mean it's 107 00:05:18,800 --> 00:05:22,080 Speaker 5: winning is better than losing. Sure, sometimes a strong second 108 00:05:22,120 --> 00:05:24,799 Speaker 5: can help when you've got when you've got a close race, 109 00:05:24,839 --> 00:05:27,120 Speaker 5: when you've got you know, a delegate hunt going on, 110 00:05:27,920 --> 00:05:30,960 Speaker 5: like you know, Clinton Obama in two thousand and eight. 111 00:05:31,000 --> 00:05:31,599 Speaker 4: But this isn't that. 112 00:05:32,120 --> 00:05:35,720 Speaker 5: This is a dominant front runner who won a big 113 00:05:35,800 --> 00:05:39,280 Speaker 5: victory in Iowa and seems on track for a similarly 114 00:05:39,360 --> 00:05:43,359 Speaker 5: sized victory in a state where you know, it's the 115 00:05:43,400 --> 00:05:45,760 Speaker 5: best case for somebody else to win, and yet Trump 116 00:05:45,800 --> 00:05:48,320 Speaker 5: seems to have been doing quite nicely here. 117 00:05:49,360 --> 00:05:52,320 Speaker 3: Well, we're getting this straight deal from New Hampshire today 118 00:05:52,320 --> 00:05:56,279 Speaker 3: with Chris Calderi at Saint Anselm College speaking of willful 119 00:05:56,360 --> 00:05:58,240 Speaker 3: self delusion. I don't know if he just came up 120 00:05:58,240 --> 00:05:59,920 Speaker 3: with that on the spot, but that was pretty good. 121 00:06:00,960 --> 00:06:03,599 Speaker 3: Your governor, Chris san Nunu might have something very much 122 00:06:03,600 --> 00:06:06,360 Speaker 3: in common with the governor of Iowa, Kim Reynolds. They 123 00:06:06,360 --> 00:06:09,159 Speaker 3: both went out on the line and endorsed somebody. It 124 00:06:09,160 --> 00:06:10,520 Speaker 3: looks like who's not gonna win. 125 00:06:10,880 --> 00:06:11,560 Speaker 4: Isn't that something? 126 00:06:12,920 --> 00:06:13,120 Speaker 5: Yeah? 127 00:06:13,160 --> 00:06:13,760 Speaker 2: It is, it is. 128 00:06:14,160 --> 00:06:16,440 Speaker 5: And you know, Christian hu knew he thought about running 129 00:06:16,440 --> 00:06:19,320 Speaker 5: for president himself in this cycle and decided against it, 130 00:06:20,080 --> 00:06:21,880 Speaker 5: and then he spent a lot of the last year 131 00:06:22,080 --> 00:06:26,359 Speaker 5: sort of courting and boosting all of the other Republican 132 00:06:26,360 --> 00:06:28,320 Speaker 5: candidates who weren't Trump. He's talked about the need for 133 00:06:28,360 --> 00:06:33,360 Speaker 5: a non Trump alternative, and basically he was you know, 134 00:06:33,440 --> 00:06:35,599 Speaker 5: if you know, if you were a Republican running for president, 135 00:06:35,680 --> 00:06:37,920 Speaker 5: he would show up at your events to to boost 136 00:06:37,920 --> 00:06:42,680 Speaker 5: your profile here and ultimately settled on endorsing Haley. That said, 137 00:06:42,720 --> 00:06:45,000 Speaker 5: he's also said, well, of course, if Trump's the nominee, 138 00:06:45,000 --> 00:06:48,359 Speaker 5: I'll vote for him, which I think also sort of 139 00:06:48,680 --> 00:06:51,919 Speaker 5: stepped down the Hailey campaign's message, which is that Republicans 140 00:06:51,920 --> 00:06:54,280 Speaker 5: need somebody who's not Trump. You know, she's being very 141 00:06:54,320 --> 00:06:57,920 Speaker 5: gentle in her criticism. It mainly comes down to electability, 142 00:06:57,960 --> 00:07:00,359 Speaker 5: but she's you know, made the argument, Look, Donald Trump 143 00:07:00,480 --> 00:07:04,000 Speaker 5: is not popular with the country at large. Republicans, you 144 00:07:04,120 --> 00:07:07,600 Speaker 5: might love him, but everybody else does not. So go 145 00:07:07,680 --> 00:07:09,880 Speaker 5: with go with a fresh face, go with somebody younger, 146 00:07:09,960 --> 00:07:13,640 Speaker 5: go with somebody without the baggage. So I think for 147 00:07:13,680 --> 00:07:16,120 Speaker 5: Sonunu to say, on the one hand, we have to 148 00:07:16,120 --> 00:07:18,320 Speaker 5: have Haley as our nominee, and on the other to say, 149 00:07:18,440 --> 00:07:20,520 Speaker 5: but if it's Trump, of course I'll vote for him. 150 00:07:20,520 --> 00:07:24,560 Speaker 5: Over Biden is just you know, just you know, you're 151 00:07:24,600 --> 00:07:26,760 Speaker 5: you're you're stepping on your own message. 152 00:07:26,440 --> 00:07:31,400 Speaker 3: There, not that that is unusual here. We haven't really 153 00:07:31,440 --> 00:07:36,360 Speaker 3: mentioned Ronda Santis because you know he's unchanged. Isn't that fascinating? 154 00:07:36,360 --> 00:07:39,400 Speaker 3: In your poll? Haley and Trump are each up seven 155 00:07:39,560 --> 00:07:42,920 Speaker 3: still with a wide gap, But Ronda Santis is stuck 156 00:07:42,960 --> 00:07:44,000 Speaker 3: in the mud. 157 00:07:44,160 --> 00:07:44,880 Speaker 4: And it's interesting. 158 00:07:44,920 --> 00:07:47,240 Speaker 3: He's moving his staff out of New Hampshire now to 159 00:07:47,320 --> 00:07:49,880 Speaker 3: South Carolina and it's going to be spending half the 160 00:07:49,920 --> 00:07:53,280 Speaker 3: time between now in your primary and either Florida or 161 00:07:53,360 --> 00:07:54,280 Speaker 3: South Carolina. 162 00:07:54,400 --> 00:07:55,560 Speaker 4: So is this over? 163 00:07:57,440 --> 00:07:59,360 Speaker 5: I you know, I never want to say it's over 164 00:07:59,400 --> 00:08:03,760 Speaker 5: before voting happens. You know, events can take place, you know, 165 00:08:03,680 --> 00:08:06,160 Speaker 5: you know, media could hit somebody's campaign bus or something. 166 00:08:07,200 --> 00:08:10,320 Speaker 5: But you know DeSantis, you know, Uh, he's in a 167 00:08:10,360 --> 00:08:13,920 Speaker 5: really tough spot of having been a candidate who came 168 00:08:14,000 --> 00:08:17,360 Speaker 5: on very strong, had lots of lots of support, had 169 00:08:17,400 --> 00:08:21,680 Speaker 5: tons of money, uh, and it just all evaporated. It 170 00:08:21,800 --> 00:08:25,160 Speaker 5: just wasn't enough for him. He staked everything on Iowa. 171 00:08:25,240 --> 00:08:28,240 Speaker 5: That didn't happen if he spent a year in Iowa, 172 00:08:28,280 --> 00:08:31,080 Speaker 5: had the support of the governor and so on and 173 00:08:31,160 --> 00:08:33,760 Speaker 5: couldn't get better than twenty one percent. I don't know 174 00:08:33,800 --> 00:08:37,120 Speaker 5: how he's going to improve on that in someplace like 175 00:08:37,160 --> 00:08:40,000 Speaker 5: South Carolina, where he's barely set foot in the last year. 176 00:08:40,480 --> 00:08:40,600 Speaker 6: Uh. 177 00:08:40,760 --> 00:08:42,760 Speaker 5: And then once you get to Super Tuesday, I mean, 178 00:08:42,800 --> 00:08:45,360 Speaker 5: what what what is the plan there? I just you know, 179 00:08:45,400 --> 00:08:46,640 Speaker 5: I just don't see what it is. 180 00:08:47,840 --> 00:08:53,240 Speaker 4: Anybody care they canceled the debate after because I. 181 00:08:54,960 --> 00:08:58,559 Speaker 5: Personally, like, I mean, I'm taking it personally. It's it's 182 00:08:58,600 --> 00:09:03,440 Speaker 5: like they canceled the prom or something thing. But you 183 00:09:03,440 --> 00:09:05,840 Speaker 5: know it it I mean, it's a huge event. It 184 00:09:05,880 --> 00:09:08,480 Speaker 5: was a blow to our college that was going to 185 00:09:08,520 --> 00:09:12,200 Speaker 5: host it. It's an opportunity to put you know, our 186 00:09:12,280 --> 00:09:16,480 Speaker 5: our students, our our staff, our campus on the national map. 187 00:09:17,760 --> 00:09:21,439 Speaker 5: You know, I don't think anybody's like taking it personally personally, 188 00:09:21,920 --> 00:09:23,480 Speaker 5: but I think I think it was a blow to 189 00:09:23,679 --> 00:09:26,000 Speaker 5: those of us in New Hampshire whose bread and butter 190 00:09:26,200 --> 00:09:27,319 Speaker 5: is the presidential primary. 191 00:09:28,320 --> 00:09:30,720 Speaker 4: I'm glad we finally got it from somebody in New Hampshire. 192 00:09:30,720 --> 00:09:32,000 Speaker 4: When does the carnival begin? 193 00:09:32,080 --> 00:09:35,000 Speaker 3: I know Donald Trump's doing the rally and I remember, 194 00:09:35,320 --> 00:09:38,920 Speaker 3: by god, we've seen this before. The traveling road show 195 00:09:39,000 --> 00:09:43,680 Speaker 3: that follows him will occupy downtown Manchester and Elm Street. 196 00:09:43,720 --> 00:09:46,120 Speaker 3: You'll think, you know, you're tailgating before this thing. When 197 00:09:46,160 --> 00:09:46,840 Speaker 3: does it all begin. 198 00:09:48,440 --> 00:09:52,840 Speaker 5: I think his Manchester rally is on Sunday afternoon this year. 199 00:09:53,760 --> 00:09:56,080 Speaker 5: Last year, I think it was the day before the primary, 200 00:09:56,080 --> 00:09:57,960 Speaker 5: and I think I think we actually yes on TV 201 00:09:58,040 --> 00:10:00,280 Speaker 5: that day, so I got to make my way through 202 00:10:00,280 --> 00:10:01,719 Speaker 5: that to get to the studio. So that was a 203 00:10:01,720 --> 00:10:03,760 Speaker 5: little Harriet. But yeah, he's doing that. 204 00:10:03,960 --> 00:10:04,560 Speaker 7: He is. 205 00:10:05,960 --> 00:10:10,280 Speaker 5: He's doing an event here and conquered on Friday night. 206 00:10:10,960 --> 00:10:13,679 Speaker 5: And you know what's remarkable about Markable about this is 207 00:10:14,040 --> 00:10:16,240 Speaker 5: he has not done a ton of in person campaigning here. 208 00:10:16,480 --> 00:10:21,840 Speaker 5: He's put together a pretty professional campaign organization, but has 209 00:10:21,920 --> 00:10:23,640 Speaker 5: not done a lot of in person stuff. And I 210 00:10:23,640 --> 00:10:25,880 Speaker 5: think he's just really ramping it up. It's really clear 211 00:10:25,880 --> 00:10:29,120 Speaker 5: that his campaign thinks they can put this away, and 212 00:10:29,200 --> 00:10:31,559 Speaker 5: so they're they're pulling out all the stuff. In the contrast, 213 00:10:31,960 --> 00:10:34,600 Speaker 5: Haley's sort of campaigning in second gear. It's just sort of, 214 00:10:35,080 --> 00:10:37,640 Speaker 5: oh yeah, she did a couple of events, didn't take 215 00:10:37,640 --> 00:10:41,440 Speaker 5: any questions, didn't talk to many voters, and it's just, 216 00:10:41,640 --> 00:10:44,439 Speaker 5: you know, just just kind of mystifying from here. 217 00:10:45,720 --> 00:10:50,000 Speaker 3: Strange take is does Donald Trump ever spend the night 218 00:10:50,080 --> 00:10:52,040 Speaker 3: or does he fly home every time he speaks in 219 00:10:52,080 --> 00:10:52,520 Speaker 3: New Hampshire. 220 00:10:53,520 --> 00:10:55,800 Speaker 5: I think he flies home. And and of course this 221 00:10:55,800 --> 00:10:58,760 Speaker 5: week he's dividing his time between the campaign trail and 222 00:10:58,800 --> 00:11:02,720 Speaker 5: the courtroom, so that that just adds an extra wrinkle 223 00:11:02,920 --> 00:11:05,959 Speaker 5: to his appearances. That's probably why the rallies. 224 00:11:05,960 --> 00:11:10,400 Speaker 4: I'll meet you Monday. Yes, of course, I'm looking forward 225 00:11:10,400 --> 00:11:11,200 Speaker 4: to seeing you. Chris. 226 00:11:11,520 --> 00:11:14,319 Speaker 3: We'll be talking on the ground in Manchester starting next week. 227 00:11:14,360 --> 00:11:16,440 Speaker 3: I'm sorry about the debate now, I feel sad about it. 228 00:11:16,440 --> 00:11:16,840 Speaker 2: It's okay. 229 00:11:16,880 --> 00:11:19,400 Speaker 3: He's at st Anselm College. I want to meet some 230 00:11:19,440 --> 00:11:21,440 Speaker 3: of your students while we're there. Chris Calderry in New 231 00:11:21,440 --> 00:11:23,920 Speaker 3: Hampshire with us here to get things rolling on Bloomberg 232 00:11:24,000 --> 00:11:26,880 Speaker 3: sound on b Welser. As we assembled our panel, Rick Davis, 233 00:11:26,880 --> 00:11:31,640 Speaker 3: Bloomberg Politics contributor, Republican strategist today is joined by Kristin Han, 234 00:11:31,720 --> 00:11:33,600 Speaker 3: Democratic analyst Rock Solutions. 235 00:11:33,600 --> 00:11:35,040 Speaker 4: It's great to have both of you here. 236 00:11:35,480 --> 00:11:38,760 Speaker 3: Is Joe Biden excited looking at this, He said he 237 00:11:38,800 --> 00:11:41,320 Speaker 3: wanted to run against Donald Trump, right, I mean. 238 00:11:41,240 --> 00:11:43,440 Speaker 8: I think there it's gonna be tough. I mean, like 239 00:11:43,880 --> 00:11:46,960 Speaker 8: Donald Trump. We're having lots of conversations about Nikki Helely 240 00:11:47,000 --> 00:11:49,120 Speaker 8: and Rohndes Saint said this is gonna be over soon. 241 00:11:50,000 --> 00:11:52,360 Speaker 8: But I don't think anybody is saying that. You know, 242 00:11:52,480 --> 00:11:54,360 Speaker 8: nobody on the president scene thinks this is going to 243 00:11:54,400 --> 00:11:56,440 Speaker 8: be a landside and we're going to have to work 244 00:11:56,520 --> 00:11:59,840 Speaker 8: hard to mind people who Joe Biden is is. 245 00:12:00,600 --> 00:12:02,920 Speaker 3: I'm good to go running the right strategy going into 246 00:12:02,920 --> 00:12:03,480 Speaker 3: New Hampshire. 247 00:12:03,520 --> 00:12:03,679 Speaker 7: Rick. 248 00:12:04,440 --> 00:12:07,720 Speaker 9: You know, look, I thought his I thought Chris's point 249 00:12:07,720 --> 00:12:09,839 Speaker 9: about needing a meteor to even up this score a 250 00:12:09,880 --> 00:12:12,160 Speaker 9: little bit was probably a good idea. I needed that 251 00:12:12,200 --> 00:12:15,160 Speaker 9: media in a lot of campaigns I ran. But yeah, no, 252 00:12:15,280 --> 00:12:18,040 Speaker 9: she should be going in overdrive. Forget this second drive. 253 00:12:18,120 --> 00:12:20,480 Speaker 9: I mean she should be all out there. I mean, 254 00:12:20,480 --> 00:12:23,520 Speaker 9: this is what the New hampshirets love, they love, you know, 255 00:12:23,840 --> 00:12:26,600 Speaker 9: getting into those town halls and answering the questions and 256 00:12:26,640 --> 00:12:29,200 Speaker 9: doing six of them in one day, plowing through the snow. 257 00:12:30,600 --> 00:12:33,160 Speaker 9: I'm baffled myself by the second gear. 258 00:12:35,200 --> 00:12:38,360 Speaker 3: So what's the job for her then this weekend? I mean, 259 00:12:38,440 --> 00:12:41,000 Speaker 3: I suppose there's some time. Do you bring in the surrogates? 260 00:12:41,040 --> 00:12:42,720 Speaker 3: Does she have an army like that to put some 261 00:12:42,720 --> 00:12:43,640 Speaker 3: work in New Hampshire. 262 00:12:44,360 --> 00:12:46,240 Speaker 9: You know, she's got the governor, and the governor is 263 00:12:46,360 --> 00:12:50,200 Speaker 9: wildly popular and very active on his own, right. I mean, 264 00:12:50,360 --> 00:12:54,320 Speaker 9: that's that's her secret weapon. But she has to prove 265 00:12:54,360 --> 00:12:58,160 Speaker 9: herself to the New Hampshire voters. They don't take surrogates. 266 00:12:58,240 --> 00:12:59,439 Speaker 9: You know, they want you. 267 00:13:00,640 --> 00:13:02,280 Speaker 3: They want you, and they want to shake your hand 268 00:13:02,280 --> 00:13:04,400 Speaker 3: more than once. Kristin, Was that a bad move for 269 00:13:04,400 --> 00:13:05,720 Speaker 3: her to cancel on that debate? 270 00:13:07,800 --> 00:13:10,760 Speaker 8: I mean, I don't see it made sense. I think 271 00:13:10,800 --> 00:13:14,200 Speaker 8: because you know, she's she tried to spin her you know, 272 00:13:14,280 --> 00:13:16,679 Speaker 8: third place finished in Iowa as a this is now 273 00:13:16,679 --> 00:13:19,000 Speaker 8: a two person debate, and if it's a two persons 274 00:13:19,200 --> 00:13:22,679 Speaker 8: between her and Trump and she does that, you know, 275 00:13:23,080 --> 00:13:24,640 Speaker 8: it just kind of looks a little silly. So I 276 00:13:24,640 --> 00:13:27,160 Speaker 8: think it probably was you know, her, you know, thinking 277 00:13:27,160 --> 00:13:29,280 Speaker 8: on this, but it's it's silly to have these debates 278 00:13:29,280 --> 00:13:32,000 Speaker 8: without Donald Trump in the room anymore too. So well, right, 279 00:13:32,120 --> 00:13:32,480 Speaker 8: I don't. 280 00:13:32,360 --> 00:13:35,560 Speaker 3: So you understand the logic, but maybe it wasn't the best. Look, 281 00:13:35,600 --> 00:13:37,640 Speaker 3: I don't know. We'll figure that out. And want to 282 00:13:37,640 --> 00:13:40,760 Speaker 3: get into this poll with Rick and Kristen coming up. 283 00:13:40,800 --> 00:13:44,040 Speaker 3: The poll from Saint Anselme fascinating numbers here. We've got 284 00:13:44,080 --> 00:13:46,720 Speaker 3: two great panelists with us, and we're going to spend 285 00:13:46,760 --> 00:13:48,680 Speaker 3: some time on the pole next also with an eye 286 00:13:48,679 --> 00:13:52,200 Speaker 3: on Washington. Are we shutting down on Friday? I'm Joe 287 00:13:52,280 --> 00:13:54,520 Speaker 3: Matthew in Washington. This is Bloomberg. 288 00:13:58,080 --> 00:14:01,480 Speaker 1: You're listening to the Bloomberg Sound on podcast. Catch the 289 00:14:01,480 --> 00:14:05,400 Speaker 1: program live weekdays at one Eastern on Bloomberg Radio, the 290 00:14:05,440 --> 00:14:08,800 Speaker 1: tune in app, Bloomberg dot Com, and the Bloomberg Business App. 291 00:14:08,920 --> 00:14:11,760 Speaker 1: You can also listen live on Amazon Alexa from our 292 00:14:11,800 --> 00:14:16,280 Speaker 1: flagship New York station. Just say Alexa play Bloomberg eleven thirty. 293 00:14:17,600 --> 00:14:21,480 Speaker 3: A strong second is the new pitch from the ever 294 00:14:21,600 --> 00:14:23,960 Speaker 3: popular governor of New Hampshire who went out on a 295 00:14:24,000 --> 00:14:27,040 Speaker 3: limb to endorse Nicki Haley to try to make a difference. 296 00:14:27,280 --> 00:14:29,440 Speaker 3: May have even convinced Chris Christy to get out of 297 00:14:29,440 --> 00:14:32,800 Speaker 3: the race. That would be Chris Sanunu until I always 298 00:14:32,840 --> 00:14:35,200 Speaker 3: talking about Nicki Haley winning this thing, and that is 299 00:14:35,280 --> 00:14:37,160 Speaker 3: kind of what has changed here as we look at 300 00:14:37,160 --> 00:14:40,560 Speaker 3: new polling from st Ansem College. We're just talking about 301 00:14:40,560 --> 00:14:42,280 Speaker 3: that with Chris Calderia. We want to put it to 302 00:14:42,360 --> 00:14:45,720 Speaker 3: the panel. A great combination today. Rick Davis is back 303 00:14:45,720 --> 00:14:49,520 Speaker 3: from Iowa with us here Bloomberg Politics contributor Republican strategists, 304 00:14:49,520 --> 00:14:53,400 Speaker 3: along with Democratic analyst Kristin Hahn, partner at Rock Solutions. 305 00:14:53,800 --> 00:14:56,680 Speaker 3: Great to have you both here. Rick, your impressions on 306 00:14:56,680 --> 00:14:58,920 Speaker 3: the poll. We've talked a lot about momentum. We thought 307 00:14:58,920 --> 00:15:00,680 Speaker 3: it was going to be Nicki Haley these moments, and 308 00:15:00,680 --> 00:15:03,400 Speaker 3: it appears to be Donald Trump's right now. He's up 309 00:15:03,480 --> 00:15:06,760 Speaker 3: seven points now and just since last week, fifty two 310 00:15:06,840 --> 00:15:09,600 Speaker 3: percent likely Republican primary voters. 311 00:15:10,200 --> 00:15:11,520 Speaker 4: And while Nicki Haley. 312 00:15:11,240 --> 00:15:13,480 Speaker 3: Scooped up all of Chris Christie's people, or at least 313 00:15:13,480 --> 00:15:16,640 Speaker 3: a majority of them, it was far from enough to 314 00:15:16,680 --> 00:15:18,840 Speaker 3: make a difference. Is a strong second the way we 315 00:15:18,880 --> 00:15:19,480 Speaker 3: should look at this. 316 00:15:21,080 --> 00:15:23,680 Speaker 9: Yeah, well it certainly looks like where we are today, 317 00:15:23,800 --> 00:15:26,880 Speaker 9: and of course these polls are just a snapshot in time, right. 318 00:15:26,960 --> 00:15:30,840 Speaker 9: I Mean, the question was could Nicky Haley's momentum that 319 00:15:30,920 --> 00:15:35,360 Speaker 9: she clearly had going into Iowa continue coming out of Iowa? 320 00:15:35,520 --> 00:15:39,360 Speaker 9: And would Donald Trump get a bump if he, you know, 321 00:15:39,600 --> 00:15:42,680 Speaker 9: surpassed anybody's expectations, which I think is when in Iowa 322 00:15:42,800 --> 00:15:46,080 Speaker 9: did so. What we're seeing in both this poll and 323 00:15:46,160 --> 00:15:50,080 Speaker 9: the Globe Pole yesterday, very consistent, and both of them 324 00:15:50,120 --> 00:15:53,800 Speaker 9: have Donald Trump over fifty percent. Both of them indicated 325 00:15:54,080 --> 00:15:55,360 Speaker 9: a bounce coming. 326 00:15:55,200 --> 00:15:55,800 Speaker 6: Out of Iowa. 327 00:15:56,000 --> 00:16:01,480 Speaker 9: And even though you're right, I think that Nikki Haley 328 00:16:01,520 --> 00:16:03,880 Speaker 9: has benefited from Chris Christy getting out of the race, 329 00:16:04,280 --> 00:16:07,680 Speaker 9: it hasn't seemingly gone much beyond that. And so she's 330 00:16:07,840 --> 00:16:10,600 Speaker 9: you know, in a trading range between the middle to 331 00:16:10,800 --> 00:16:15,920 Speaker 9: high thirties, not enough to get you competitive against the 332 00:16:17,120 --> 00:16:20,200 Speaker 9: present to win. And I'm sure that's one of the 333 00:16:20,200 --> 00:16:23,960 Speaker 9: reasons why we're starting to hear from her folks internally, 334 00:16:24,160 --> 00:16:28,680 Speaker 9: like Chris Sanunu that you know, setting expectations for a 335 00:16:28,720 --> 00:16:32,600 Speaker 9: close second would be okay. New Hampshire is a funny 336 00:16:32,600 --> 00:16:34,880 Speaker 9: place and it surprises you many times. There are a 337 00:16:34,880 --> 00:16:38,320 Speaker 9: lot of pollsters who've lost their reputation for being accurate 338 00:16:38,400 --> 00:16:41,720 Speaker 9: by going and pulling in New Hampshire. So I don't 339 00:16:41,720 --> 00:16:43,720 Speaker 9: think you want to go to the bank with these numbers. 340 00:16:44,520 --> 00:16:47,600 Speaker 9: And yet I think without a thing like a debate 341 00:16:47,800 --> 00:16:51,080 Speaker 9: or you know, any major changes happening between now and Tuesday, 342 00:16:51,600 --> 00:16:54,080 Speaker 9: you know, it seems to be on this trajectory. 343 00:16:55,040 --> 00:16:56,720 Speaker 4: See we go again with the debate. 344 00:16:56,800 --> 00:17:00,440 Speaker 3: She could have had a viral moment tonight, I still say, Kristin, 345 00:17:00,920 --> 00:17:02,880 Speaker 3: how much stock are you putting in these numbers? I'd 346 00:17:02,880 --> 00:17:04,840 Speaker 3: like to know how you're reading this poll, because there's 347 00:17:04,840 --> 00:17:08,359 Speaker 3: some interesting stuff here with sixty percent of respondents that 348 00:17:08,440 --> 00:17:12,600 Speaker 3: say they changed who they would support based on candidates 349 00:17:12,600 --> 00:17:15,119 Speaker 3: suspending their campaigns. It's not just Chris Christy, but I 350 00:17:15,200 --> 00:17:17,200 Speaker 3: suspect the theake Ramaswami. 351 00:17:17,880 --> 00:17:21,800 Speaker 4: I won't mention Asa Hutchinson. Are turning to Nikki Haley? 352 00:17:22,000 --> 00:17:23,879 Speaker 3: Could we see a light bump here a late search 353 00:17:23,880 --> 00:17:25,119 Speaker 3: for her? 354 00:17:26,119 --> 00:17:28,960 Speaker 8: Potentially New Hampshire is an interesting place. So you know, 355 00:17:29,000 --> 00:17:31,320 Speaker 8: it's really that's why it's so hard. This is why 356 00:17:31,359 --> 00:17:34,760 Speaker 8: we talk about it so much every time every cycle, 357 00:17:34,840 --> 00:17:36,840 Speaker 8: because it's really hard to figure out what these voters 358 00:17:36,840 --> 00:17:38,400 Speaker 8: are going to do. When you have such a high 359 00:17:38,440 --> 00:17:42,879 Speaker 8: percentage of voters who identify as independence, they can go 360 00:17:42,920 --> 00:17:44,720 Speaker 8: in and do whatever they want. 361 00:17:44,920 --> 00:17:45,120 Speaker 1: Right. 362 00:17:45,240 --> 00:17:47,919 Speaker 8: So, and what's interesting we go back to the debate. 363 00:17:48,119 --> 00:17:50,800 Speaker 8: If she's not going to debate and spend time, you know, 364 00:17:51,720 --> 00:17:56,040 Speaker 8: prepping for that, then why isn't she running around that 365 00:17:56,160 --> 00:17:58,960 Speaker 8: state going from diner to diner, an event to an event. 366 00:17:59,119 --> 00:18:00,960 Speaker 8: You know, I mean, if she's putting so much stake 367 00:18:01,000 --> 00:18:03,920 Speaker 8: in this, you know, it baffles the mind. 368 00:18:04,000 --> 00:18:04,840 Speaker 7: And then even. 369 00:18:04,640 --> 00:18:08,360 Speaker 8: Looking forward past New Hampshire to South Carolina, I mean 370 00:18:09,119 --> 00:18:12,359 Speaker 8: we're all thinking that. I mean, all signs point that 371 00:18:12,359 --> 00:18:14,200 Speaker 8: she's going to get troused in her own state by 372 00:18:14,480 --> 00:18:17,720 Speaker 8: Donald Trump. It just I don't know. I mean, even 373 00:18:17,800 --> 00:18:20,600 Speaker 8: if she does surge in New Hampshire, it doesn't mean 374 00:18:20,640 --> 00:18:23,720 Speaker 8: that she's got, you know, the resources or has put 375 00:18:23,760 --> 00:18:25,760 Speaker 8: in the work to do what she needs to do. 376 00:18:26,000 --> 00:18:28,640 Speaker 8: You know, come South Carolina Super Tuesday. You know all 377 00:18:28,680 --> 00:18:30,040 Speaker 8: those things. 378 00:18:30,680 --> 00:18:33,040 Speaker 3: Rick, I want to hear from you on this decision 379 00:18:33,320 --> 00:18:36,240 Speaker 3: by Ronda Santis to start moving people out of New Hampshire. 380 00:18:36,320 --> 00:18:40,439 Speaker 3: Most most of the staff is redeployed to South Carolina, 381 00:18:41,480 --> 00:18:43,720 Speaker 3: almost closing the doors on the state here. And he's 382 00:18:43,760 --> 00:18:47,439 Speaker 3: going to be sharing time between Florida and South Carolina 383 00:18:48,000 --> 00:18:51,439 Speaker 3: while Nikki Haley's running around New Hampshire. You've been in 384 00:18:51,520 --> 00:18:55,919 Speaker 3: campaigns that have made late decisions, changes in strategy in 385 00:18:56,000 --> 00:18:56,560 Speaker 3: the flow here. 386 00:18:56,600 --> 00:18:57,320 Speaker 4: What does this mean? 387 00:18:58,720 --> 00:19:01,880 Speaker 9: Yeah, I think it's just a practical political consideration. First 388 00:19:01,880 --> 00:19:04,520 Speaker 9: of all, they're doing no good sitting in Iowa, and 389 00:19:04,560 --> 00:19:07,600 Speaker 9: if you like them, keep them. I moved all of 390 00:19:07,640 --> 00:19:11,679 Speaker 9: our Iowa team to Florida when I was running the 391 00:19:12,000 --> 00:19:15,320 Speaker 9: McCain campaign in two thousand and eight, because we we 392 00:19:15,400 --> 00:19:18,680 Speaker 9: had a set group already in place in New Hampshire obviously, 393 00:19:19,200 --> 00:19:22,919 Speaker 9: and we had a pretty good team, you know, with 394 00:19:23,000 --> 00:19:26,560 Speaker 9: people like Mark Sandford and Lindsay Graham in South Carolina yep. 395 00:19:27,240 --> 00:19:29,879 Speaker 9: And we were naked in Florida. So I was like, 396 00:19:29,960 --> 00:19:32,960 Speaker 9: I got to use the resources I got, put people 397 00:19:33,000 --> 00:19:34,240 Speaker 9: in cars and tell them to drive. 398 00:19:34,680 --> 00:19:36,120 Speaker 4: They were not disappointed to leave. 399 00:19:36,200 --> 00:19:39,359 Speaker 9: I was cold Florida's warmth, so I didn't have to 400 00:19:39,359 --> 00:19:40,479 Speaker 9: pay anything extra for that. 401 00:19:42,960 --> 00:19:45,040 Speaker 3: Have you thought out, by the way, people have no 402 00:19:45,119 --> 00:19:48,240 Speaker 3: idea how difficult it was for people to get out 403 00:19:48,320 --> 00:19:50,600 Speaker 3: of Des Moines. I mean, you know, the airplanes weren't 404 00:19:50,640 --> 00:19:53,320 Speaker 3: working basically because it was so cold. Nothing was working. Rick, 405 00:19:53,320 --> 00:19:54,240 Speaker 3: You're home safe, right. 406 00:19:55,440 --> 00:19:55,720 Speaker 4: Well. 407 00:19:55,760 --> 00:19:59,360 Speaker 9: I think that the the Santus campaign ought to hope 408 00:19:59,359 --> 00:20:02,360 Speaker 9: that they actually a arrive in South Carolina by primary 409 00:20:02,440 --> 00:20:04,720 Speaker 9: day as quickly as we were able to get out 410 00:20:04,720 --> 00:20:09,240 Speaker 9: of there, and so yeah, there's been a lag effect. 411 00:20:09,440 --> 00:20:13,119 Speaker 9: But look, I mean the real question there is what 412 00:20:13,280 --> 00:20:14,879 Speaker 9: in the world does he think he's going to do 413 00:20:14,960 --> 00:20:18,840 Speaker 9: in South Carolina? Now I move my people a practical consideration, 414 00:20:19,480 --> 00:20:20,640 Speaker 9: he's going to spend time there. 415 00:20:20,680 --> 00:20:21,479 Speaker 4: Okay, I get it. 416 00:20:21,520 --> 00:20:24,320 Speaker 9: He's at you know, six percent in New Hampshire. He's 417 00:20:24,320 --> 00:20:27,080 Speaker 9: not going to be competitive, but he's like at two 418 00:20:27,160 --> 00:20:30,800 Speaker 9: percent in South Carolina. Like, that's a pretty good leap 419 00:20:30,840 --> 00:20:32,760 Speaker 9: of faith to go there and look people in the eye, 420 00:20:32,840 --> 00:20:36,440 Speaker 9: voters and say, hey, I can win this thing, especially 421 00:20:36,440 --> 00:20:39,280 Speaker 9: when all the elected officials are for somebody else. I mean, 422 00:20:39,680 --> 00:20:42,080 Speaker 9: I got to tell you, I think that he is 423 00:20:42,920 --> 00:20:45,560 Speaker 9: trying to pretend that he doesn't see the future, because 424 00:20:45,560 --> 00:20:47,719 Speaker 9: the future is too bleak to actually see. 425 00:20:48,840 --> 00:20:52,120 Speaker 3: Ronda Santis is unchanged at six percent in this pool. Well, 426 00:20:52,600 --> 00:20:56,720 Speaker 3: the two other candidates each gained seven points here, Kristen 427 00:20:57,119 --> 00:21:01,119 Speaker 3: is does this end in South Carolina? 428 00:21:01,040 --> 00:21:04,159 Speaker 8: No? I mean I think so people saw who ronescientasys 429 00:21:04,240 --> 00:21:07,119 Speaker 8: And I always said, like, you know, you can listen 430 00:21:07,160 --> 00:21:09,960 Speaker 8: to people these candidates like policy priorities, but if you 431 00:21:09,960 --> 00:21:12,440 Speaker 8: don't like them, you know, people vote with how they 432 00:21:12,520 --> 00:21:14,800 Speaker 8: feel and how they feel about the character of the 433 00:21:14,800 --> 00:21:17,400 Speaker 8: person and who the person is. And he showed himself 434 00:21:17,440 --> 00:21:20,560 Speaker 8: over and over again, you know in Iowa, the way 435 00:21:20,600 --> 00:21:22,919 Speaker 8: he would react to the voters, the way he'd react 436 00:21:22,960 --> 00:21:26,480 Speaker 8: to the press, you know, I just don't see how 437 00:21:26,520 --> 00:21:29,760 Speaker 8: there's a path forward for him. He's just not likable. 438 00:21:30,040 --> 00:21:32,359 Speaker 8: And that sounds simple, but it can be as easy 439 00:21:32,359 --> 00:21:32,600 Speaker 8: as that. 440 00:21:34,760 --> 00:21:39,000 Speaker 3: It's interesting to me when we consider rick the exceptions 441 00:21:39,480 --> 00:21:43,200 Speaker 3: that surround Donald Trump, things that other candidates would have 442 00:21:43,320 --> 00:21:46,760 Speaker 3: to do to be taken seriously. The fact that he's 443 00:21:46,840 --> 00:21:48,960 Speaker 3: never spent the night there and he's going to do 444 00:21:49,000 --> 00:21:50,800 Speaker 3: a couple more rallies in the next few days. Is 445 00:21:50,880 --> 00:21:54,040 Speaker 3: Chris call Derry mentioned earlier this hour, He's got a 446 00:21:54,080 --> 00:21:57,680 Speaker 3: matinee on Sunday, he's got something going on Friday, and conquered, 447 00:21:58,080 --> 00:22:01,280 Speaker 3: he drives all the way back to me, flies all 448 00:22:01,320 --> 00:22:04,199 Speaker 3: the way back to New York on that jet just 449 00:22:04,240 --> 00:22:05,600 Speaker 3: so he can sleep in his own bed to go 450 00:22:05,680 --> 00:22:08,440 Speaker 3: back the next morning. Could any other candidate get away 451 00:22:08,480 --> 00:22:08,679 Speaker 3: with that? 452 00:22:10,560 --> 00:22:13,280 Speaker 9: No, and no other candidate would want to get away 453 00:22:13,320 --> 00:22:15,840 Speaker 9: with that. I mean, frankly, don't you want a good 454 00:22:15,960 --> 00:22:18,320 Speaker 9: night's sleep and wake up where you're going to have 455 00:22:18,359 --> 00:22:20,600 Speaker 9: your next event the next day and not spend all 456 00:22:20,640 --> 00:22:25,280 Speaker 9: that money flying around? But he did this in twenty sixteen, 457 00:22:26,400 --> 00:22:29,280 Speaker 9: and he did it in twenty twenty, so it's a 458 00:22:29,400 --> 00:22:33,120 Speaker 9: learned behavior. He doesn't like to sleep outside his own bedroom. 459 00:22:33,520 --> 00:22:35,359 Speaker 9: If I were his campaign manager, I think I'd be 460 00:22:35,359 --> 00:22:37,959 Speaker 9: pulling my hair out because it just makes absolutely no 461 00:22:38,040 --> 00:22:41,040 Speaker 9: sense other than your own personal interests. 462 00:22:41,560 --> 00:22:42,080 Speaker 4: You know, Christen. 463 00:22:42,119 --> 00:22:45,920 Speaker 3: It reinforces this idea that we've never seen two incumbents, 464 00:22:45,960 --> 00:22:49,320 Speaker 3: if you will, running in the same race, because that 465 00:22:49,400 --> 00:22:51,359 Speaker 3: might be normal for a president. Right, He's going to 466 00:22:51,400 --> 00:22:53,520 Speaker 3: take Air Force one back if Joe Biden's doing an 467 00:22:53,520 --> 00:22:55,320 Speaker 3: event somewhere, but that's going to be both of them. 468 00:22:55,359 --> 00:22:58,080 Speaker 3: Just to consider the cost of securing both of these 469 00:22:58,119 --> 00:23:02,159 Speaker 3: exercises and transporting these massive groups of people for the 470 00:23:02,200 --> 00:23:02,879 Speaker 3: general election. 471 00:23:04,560 --> 00:23:07,760 Speaker 8: He doesn't care. I mean, he just you know, I mean, 472 00:23:07,920 --> 00:23:10,600 Speaker 8: he's not doing this because he wants to connect with anybody. 473 00:23:10,600 --> 00:23:12,359 Speaker 8: And also, I mean I agree, like if I were 474 00:23:12,600 --> 00:23:15,080 Speaker 8: his you know, campaign staff, I'd be pulling my hair out. 475 00:23:15,160 --> 00:23:18,919 Speaker 8: But he also won Iowa and a landslide, and like 476 00:23:19,240 --> 00:23:21,280 Speaker 8: didn't have to do much me because in court more 477 00:23:21,320 --> 00:23:23,960 Speaker 8: than he was doing events in Iowa. So I mean, 478 00:23:24,119 --> 00:23:27,359 Speaker 8: he just defies all, you know, all there are no 479 00:23:27,480 --> 00:23:28,960 Speaker 8: rules when it comes to him. 480 00:23:29,760 --> 00:23:32,400 Speaker 3: I guess maybe he has no choice on some days, guys, 481 00:23:32,400 --> 00:23:34,560 Speaker 3: because he always has to go back to court. Somewhere 482 00:23:34,600 --> 00:23:36,280 Speaker 3: the next morning, and that's going to be the narrative 483 00:23:36,280 --> 00:23:39,080 Speaker 3: for the next year. A great conversation with Rick and Christner. 484 00:23:39,080 --> 00:23:40,720 Speaker 3: We're going to turn to Capitol Hill in the White 485 00:23:40,720 --> 00:23:44,159 Speaker 3: House next after the big meeting yesterday. Two big questions, 486 00:23:44,160 --> 00:23:46,240 Speaker 3: are we going to avoid a government shutdown on Friday? 487 00:23:46,280 --> 00:23:49,359 Speaker 3: And was progress actually made on a potential border deal. 488 00:23:51,880 --> 00:23:55,359 Speaker 1: You're listening to The Bloomberg Sound on podcast. Catch us 489 00:23:55,400 --> 00:23:57,480 Speaker 1: live weekdays at one Eastern. 490 00:23:57,160 --> 00:24:01,000 Speaker 2: On Bloomberg dot com, the iHeartRadio app and Park Business app, 491 00:24:01,240 --> 00:24:03,760 Speaker 2: or listen on demand wherever you get your podcast. 492 00:24:04,760 --> 00:24:07,840 Speaker 3: Welcome to our two Bloomberg sound On Live from Washington. 493 00:24:07,920 --> 00:24:08,200 Speaker 4: Kayley. 494 00:24:08,240 --> 00:24:09,879 Speaker 3: I was in New York yesterday, which was part of 495 00:24:09,920 --> 00:24:12,399 Speaker 3: my John Candy trip home and planes, trains and automobiles, 496 00:24:12,440 --> 00:24:13,800 Speaker 3: which they became Escape from. 497 00:24:13,680 --> 00:24:15,880 Speaker 10: New York yes and I was in the same. 498 00:24:15,640 --> 00:24:17,840 Speaker 3: Room I did succeed. I got back at some point 499 00:24:17,880 --> 00:24:20,439 Speaker 3: last night. I was in the same room as Charlie Pellett. 500 00:24:20,440 --> 00:24:22,840 Speaker 3: He almost poked me when he was finishing his newscast, 501 00:24:22,840 --> 00:24:25,320 Speaker 3: and it was great to see everybody up there, including 502 00:24:25,359 --> 00:24:27,000 Speaker 3: Tim and Carroll, who were going to start seeing a 503 00:24:27,000 --> 00:24:29,120 Speaker 3: little bit more often and talking with on Monday. We've 504 00:24:29,119 --> 00:24:31,040 Speaker 3: got actually pretty big news because when we come back 505 00:24:31,080 --> 00:24:34,000 Speaker 3: on Monday, this program will start at noon, it's going 506 00:24:34,040 --> 00:24:37,040 Speaker 3: to be twelve to two Washington time, and we've got 507 00:24:37,040 --> 00:24:39,280 Speaker 3: some cool surprises in store for you, and amazingly, we'll 508 00:24:39,280 --> 00:24:41,800 Speaker 3: try to actually do all of that from New Hampshire because. 509 00:24:41,920 --> 00:24:42,679 Speaker 8: That's where we'll be. 510 00:24:42,760 --> 00:24:44,560 Speaker 4: That's where that's where we'll be. 511 00:24:45,560 --> 00:24:48,479 Speaker 3: Where we are in sports here in Washington is another question, 512 00:24:49,680 --> 00:24:52,960 Speaker 3: because it's looking like we will avoid a government shutdown. Yes, 513 00:24:53,160 --> 00:24:55,920 Speaker 3: normally we've had countdown clocks on cable news and people 514 00:24:55,920 --> 00:24:58,400 Speaker 3: would be holding news conferences yelling and blaming each other. 515 00:24:58,440 --> 00:25:01,280 Speaker 4: But everyone's kind of quiet about this. We talked about 516 00:25:01,280 --> 00:25:02,040 Speaker 4: it a little bit yesterday. 517 00:25:02,080 --> 00:25:03,760 Speaker 3: They're sliding this thing through today so they can get 518 00:25:03,760 --> 00:25:05,679 Speaker 3: out of town now before a snowstorm. 519 00:25:05,760 --> 00:25:08,240 Speaker 10: I guess third time's a charm, Joe. There was a 520 00:25:08,280 --> 00:25:11,080 Speaker 10: lot of drama to avoid that first potential shutdown. 521 00:25:10,640 --> 00:25:11,280 Speaker 6: On September three. 522 00:25:11,760 --> 00:25:15,520 Speaker 10: Behavior man, a lot of drama November seventeenth, and now 523 00:25:15,560 --> 00:25:19,680 Speaker 10: maybe no drama here in January. The first deadline in January, mind, 524 00:25:19,720 --> 00:25:22,280 Speaker 10: you were going to do this two step thing yet 525 00:25:22,320 --> 00:25:24,480 Speaker 10: again with this current stop gap measure. 526 00:25:24,640 --> 00:25:27,800 Speaker 3: But this would replace that, right, So the February date 527 00:25:28,200 --> 00:25:30,359 Speaker 3: now it's March first, in March eighth if they passed this, 528 00:25:30,840 --> 00:25:32,679 Speaker 3: so we don't have to freak out in February. 529 00:25:33,000 --> 00:25:35,879 Speaker 4: But that's coming, by the way, two days. 530 00:25:35,880 --> 00:25:38,560 Speaker 3: That'll be two days or the same week as the 531 00:25:38,600 --> 00:25:40,520 Speaker 3: State of the Union, right the ends, that'd be the 532 00:25:40,600 --> 00:25:41,040 Speaker 3: night after. 533 00:25:41,359 --> 00:25:42,840 Speaker 4: Oh my god, I don't know how we're going to 534 00:25:42,920 --> 00:25:43,240 Speaker 4: do all that. 535 00:25:43,520 --> 00:25:46,840 Speaker 3: Yeah, Super Tuesday government shut down, State of the Union 536 00:25:46,920 --> 00:25:47,760 Speaker 3: all in the same week. 537 00:25:47,840 --> 00:25:50,320 Speaker 10: And I'm also pretty sure it's March where President Biden 538 00:25:50,400 --> 00:25:53,080 Speaker 10: is supposed to deliver his budget for the next fiscal year, 539 00:25:53,640 --> 00:25:55,399 Speaker 10: and we'll just be sorting out the budget for the 540 00:25:55,400 --> 00:25:58,320 Speaker 10: fiscal year. We've already been in for almost six months 541 00:25:58,320 --> 00:25:59,399 Speaker 10: at that point. 542 00:26:00,240 --> 00:26:02,840 Speaker 3: I'm going to call the boss and get that week off. 543 00:26:04,320 --> 00:26:06,680 Speaker 3: I think they'll say yes, Mike Dorning is going to 544 00:26:06,760 --> 00:26:08,280 Speaker 3: come in to talk to us here, because Mike's going 545 00:26:08,320 --> 00:26:12,360 Speaker 3: to be working overtime that week, of course. Bloomberg Politics reporter, Hey, Mike, 546 00:26:12,400 --> 00:26:15,040 Speaker 3: it's great to see you. I'm wondering your thoughts here. 547 00:26:15,040 --> 00:26:17,679 Speaker 3: Since we're not going to shut down, are we going 548 00:26:17,720 --> 00:26:19,040 Speaker 3: to get something done on the border? 549 00:26:20,800 --> 00:26:24,359 Speaker 7: Well, that's what we're hoping that's what Senator Schumer keeps 550 00:26:24,640 --> 00:26:28,560 Speaker 7: holding out optimism that they'll try to work out something soon. 551 00:26:29,400 --> 00:26:32,920 Speaker 7: And Joe Biden today was asked about it, and he 552 00:26:33,040 --> 00:26:36,280 Speaker 7: also was saying that he was hopeful on that. But 553 00:26:36,359 --> 00:26:39,840 Speaker 7: then you have Donald Trump, who is, you know, the 554 00:26:39,880 --> 00:26:44,119 Speaker 7: front runner for the Republican nomination, his position as the 555 00:26:44,240 --> 00:26:50,520 Speaker 7: leading Republican just reaffirmed by the Iowa Caucuses, you know, 556 00:26:50,800 --> 00:26:53,400 Speaker 7: throwing cold water on all of this and saying, hey, 557 00:26:54,480 --> 00:26:57,520 Speaker 7: Republicans in Congress shouldn't agree to this unless they get 558 00:26:57,560 --> 00:26:59,480 Speaker 7: absolutely everything they want. 559 00:27:00,960 --> 00:27:03,240 Speaker 10: Yeah, this is a question, Mike, We've been bringing up 560 00:27:03,800 --> 00:27:06,920 Speaker 10: frequently on this program to what extent the former president 561 00:27:07,000 --> 00:27:10,160 Speaker 10: is actually pulling the strings of congressional leadership, especially when 562 00:27:10,440 --> 00:27:13,080 Speaker 10: the House Speaker, Mike Johnson admitted in an interview last 563 00:27:13,119 --> 00:27:16,040 Speaker 10: night that he talks to Trump frequently about the border. 564 00:27:18,119 --> 00:27:21,760 Speaker 7: Yeah. No, and he says he's talking with Trump frequently 565 00:27:22,200 --> 00:27:25,199 Speaker 7: about a variety of issues. And remember, he was a 566 00:27:25,359 --> 00:27:28,760 Speaker 7: very loyal Trump follower. He was one of the people 567 00:27:28,800 --> 00:27:32,240 Speaker 7: who came up with the legal strategy to try to 568 00:27:32,320 --> 00:27:36,200 Speaker 7: overturn the election. So he's very close with Trump, and 569 00:27:36,640 --> 00:27:41,320 Speaker 7: a lot of the House Republicans are very closely tied 570 00:27:41,320 --> 00:27:46,760 Speaker 7: to him that said it in the past. Johnson has 571 00:27:46,800 --> 00:27:49,840 Speaker 7: gone along as he just did again with keeping the 572 00:27:49,880 --> 00:27:53,600 Speaker 7: government open and avoiding a shutdown. You have people like 573 00:27:53,760 --> 00:27:59,040 Speaker 7: Texas Governor Habit saying, hey, let's do something on the 574 00:27:59,080 --> 00:28:02,119 Speaker 7: border instead of keeping this open as an issue. So 575 00:28:02,160 --> 00:28:06,360 Speaker 7: there is some pressure on Republicans to actually do something 576 00:28:06,480 --> 00:28:09,960 Speaker 7: and not just have a pretend fite full year long 577 00:28:10,680 --> 00:28:15,120 Speaker 7: for the election campaign. And same thing on the Democratic side. 578 00:28:16,040 --> 00:28:20,119 Speaker 7: It's not just that the Republicans are holding hostage the 579 00:28:20,240 --> 00:28:25,679 Speaker 7: Ukraine aid. President Biden has Democratic mayors who are saying, 580 00:28:25,720 --> 00:28:27,800 Speaker 7: you know, something needs to be done here. And if 581 00:28:27,800 --> 00:28:30,440 Speaker 7: you look at the public polling, there are a lot 582 00:28:30,480 --> 00:28:34,000 Speaker 7: of Americans, even Democrats, who want something done on the border. 583 00:28:34,119 --> 00:28:40,160 Speaker 7: So there's still a reasonable prospect despite the potential cold 584 00:28:40,200 --> 00:28:42,080 Speaker 7: water Trump is throwing on things. 585 00:28:42,760 --> 00:28:45,160 Speaker 3: Boy well, I don't know if then we should be 586 00:28:45,240 --> 00:28:48,960 Speaker 3: encouraged that Speaker Mike Johnson has sort of brushed off 587 00:28:48,960 --> 00:28:51,400 Speaker 3: this request from Freedom Calock is to tie border to 588 00:28:51,960 --> 00:28:54,800 Speaker 3: the stopgap that would keep the government open on Friday, 589 00:28:54,840 --> 00:28:57,360 Speaker 3: and that would guarantee I suspect a shut down for 590 00:28:57,400 --> 00:29:00,560 Speaker 3: some period of time if they did that, is he 591 00:29:00,720 --> 00:29:05,080 Speaker 3: capable of rebuffing Donald Trump if it means doing something 592 00:29:05,120 --> 00:29:06,680 Speaker 3: for the good of the Congress or the country. 593 00:29:06,680 --> 00:29:11,400 Speaker 7: Here, Mike, I think he's capable of rebuffing Donald Trump 594 00:29:11,440 --> 00:29:14,080 Speaker 7: as long as it's kind of a low key effort 595 00:29:14,200 --> 00:29:18,760 Speaker 7: by Trump, like some posts on truth social or something 596 00:29:18,840 --> 00:29:22,120 Speaker 7: like that and Trump while Trump is focusing on other things. 597 00:29:22,160 --> 00:29:27,200 Speaker 7: But if Trump makes this something that is front and 598 00:29:27,320 --> 00:29:31,760 Speaker 7: center and is issuing repeated demands, it'll be hard for 599 00:29:31,880 --> 00:29:37,360 Speaker 7: him to actually openly break with Trump. So as long 600 00:29:37,400 --> 00:29:39,600 Speaker 7: as this is just something where Trump is throwing a 601 00:29:39,600 --> 00:29:41,640 Speaker 7: little bit of cold water on things, I think he 602 00:29:41,760 --> 00:29:46,160 Speaker 7: is capable of breaking and going his own way and 603 00:29:46,320 --> 00:29:50,200 Speaker 7: trying to do something. He's clearly made the calculation that 604 00:29:50,280 --> 00:29:52,760 Speaker 7: he does not want a government cutdown if he can 605 00:29:52,800 --> 00:29:57,280 Speaker 7: avoid it. Well, he's also clearly made the calculation that 606 00:29:57,360 --> 00:30:01,480 Speaker 7: he's much better off focusing on the border and immigration 607 00:30:01,640 --> 00:30:05,120 Speaker 7: than anything else. And in fact, all year long we've 608 00:30:05,120 --> 00:30:09,520 Speaker 7: been hearing economies the number one issue. Well, in the 609 00:30:09,720 --> 00:30:13,320 Speaker 7: entrance polls for the Iowa caucuses, you saw that immigration 610 00:30:13,560 --> 00:30:17,520 Speaker 7: is now even a bigger issue for Republicans than the 611 00:30:17,680 --> 00:30:18,400 Speaker 7: common Yeah. 612 00:30:20,280 --> 00:30:23,560 Speaker 10: That's a really good point, Mike Dorning Bloomberg, Congressional Deputy editor. 613 00:30:23,600 --> 00:30:26,240 Speaker 10: Thank you so much for joining us and right on 614 00:30:26,360 --> 00:30:28,560 Speaker 10: que while we've been talking a lot about the House, 615 00:30:28,640 --> 00:30:31,800 Speaker 10: the Senate now has the votes to pass that stop 616 00:30:31,840 --> 00:30:33,800 Speaker 10: gap funding bill, and then, of course we expect it. 617 00:30:33,840 --> 00:30:35,320 Speaker 10: We'll go right to the House, which will vote on 618 00:30:35,360 --> 00:30:37,840 Speaker 10: it today and it's a suspension of the rules, so 619 00:30:37,880 --> 00:30:41,080 Speaker 10: you need two thirds of the members of that chamber 620 00:30:41,560 --> 00:30:42,000 Speaker 10: to pass this. 621 00:30:42,080 --> 00:30:43,120 Speaker 4: That's actually a really good point. 622 00:30:43,160 --> 00:30:45,480 Speaker 3: So I won't I won't drive by. I'll go down 623 00:30:45,520 --> 00:30:47,280 Speaker 3: the other side of the river afterwork tonight. It will 624 00:30:47,280 --> 00:30:49,360 Speaker 3: not go by the airport, is what you're saying, because, yeah, 625 00:30:49,440 --> 00:30:50,840 Speaker 3: the vast exodus. 626 00:30:50,560 --> 00:30:53,400 Speaker 10: The jet themes will be got it in the air well. 627 00:30:53,480 --> 00:30:55,480 Speaker 10: Joining us now for more on this before we get 628 00:30:55,520 --> 00:30:57,400 Speaker 10: to the jet fumes is Bill hoglint He is the 629 00:30:57,400 --> 00:31:00,840 Speaker 10: senior vice president at the Bipartisan Policy Center. Bill, always 630 00:31:00,840 --> 00:31:02,640 Speaker 10: a great to have you on the show. It looks 631 00:31:02,680 --> 00:31:05,320 Speaker 10: like we're going to get another cr the third we've 632 00:31:05,360 --> 00:31:08,600 Speaker 10: seen in what less than six months. Are you confident 633 00:31:08,640 --> 00:31:09,560 Speaker 10: this will be the last? 634 00:31:11,360 --> 00:31:13,400 Speaker 11: No, I'm not confident this will be the last. Thank 635 00:31:13,480 --> 00:31:16,000 Speaker 11: you for having me. But as you say, the Senate 636 00:31:16,080 --> 00:31:18,560 Speaker 11: literally as we speak has just passed sixty four votes, 637 00:31:18,600 --> 00:31:23,040 Speaker 11: so they will send the Continuing Resolution on the Teering 638 00:31:23,080 --> 00:31:25,920 Speaker 11: System March one and March eight over to the House 639 00:31:25,960 --> 00:31:29,440 Speaker 11: this evening, and as you've already recorded in concern about 640 00:31:29,440 --> 00:31:33,480 Speaker 11: it possible snowstorm tomorrow. It's interesting how weather it impacts policy. 641 00:31:34,280 --> 00:31:36,320 Speaker 11: The Senate or the House will probably take it up 642 00:31:36,320 --> 00:31:39,480 Speaker 11: early this evening and try to pass it under the 643 00:31:39,480 --> 00:31:42,640 Speaker 11: suspension this evening. But this is not the last we've 644 00:31:42,640 --> 00:31:44,440 Speaker 11: seen of this, so we've still got a ways to go. 645 00:31:45,640 --> 00:31:47,280 Speaker 11: And getting a Talking. 646 00:31:47,080 --> 00:31:50,480 Speaker 3: About your long CR bill, well, I just wonder what 647 00:31:50,560 --> 00:31:53,120 Speaker 3: the options are, because I can't imagine the world which 648 00:31:53,120 --> 00:31:54,960 Speaker 3: we figure out how to fund the government for real. 649 00:31:56,320 --> 00:31:59,120 Speaker 11: Yeah, the problem with the long term CR is under 650 00:31:59,160 --> 00:32:02,800 Speaker 11: the Fiscal Response Ability Act, it triggers some sequesters, and 651 00:32:03,400 --> 00:32:06,480 Speaker 11: the defense people will not like these questions that would 652 00:32:06,480 --> 00:32:09,440 Speaker 11: be coming along with a full year CR. But quite 653 00:32:09,480 --> 00:32:12,840 Speaker 11: quite frankly of them as you are. In some ways, 654 00:32:13,000 --> 00:32:15,920 Speaker 11: I'm beginning to think, hey, we're six months or half 655 00:32:15,960 --> 00:32:19,720 Speaker 11: of the way through the fiscal year. By March, let's 656 00:32:19,760 --> 00:32:22,960 Speaker 11: just admit that we've were finished with fiscal year twenty four. 657 00:32:23,320 --> 00:32:26,240 Speaker 11: President will submit his budget for the next fiscal year. 658 00:32:26,720 --> 00:32:28,960 Speaker 11: Right around then, as you say around State of the 659 00:32:29,040 --> 00:32:32,320 Speaker 11: Union address, let's admit that we've finished up fiscal twenty 660 00:32:32,320 --> 00:32:33,760 Speaker 11: four and move on to twenty five. 661 00:32:35,720 --> 00:32:37,920 Speaker 10: But then the one percent cuts kick in, right So 662 00:32:38,240 --> 00:32:40,840 Speaker 10: I totally get what you're saying, Bill, Why even bother 663 00:32:41,000 --> 00:32:43,160 Speaker 10: if you're only talking a few months by the time 664 00:32:43,200 --> 00:32:46,160 Speaker 10: you actually sort it out, just start fresh in the 665 00:32:46,200 --> 00:32:48,960 Speaker 10: new fiscal year. But isn't that problematic? 666 00:32:50,520 --> 00:32:52,800 Speaker 11: I think it's problematic because people do not want to 667 00:32:52,840 --> 00:32:55,840 Speaker 11: have those cuts kick in. And yes, I think the 668 00:32:56,360 --> 00:33:00,640 Speaker 11: Senate's further along than the House obviously. But one of 669 00:33:00,680 --> 00:33:02,920 Speaker 11: the big hang ups that I now see coming, and 670 00:33:02,960 --> 00:33:05,120 Speaker 11: this is maybe it's in the weeds a little bit. 671 00:33:05,160 --> 00:33:08,120 Speaker 11: In the letter that the news Speaker put out on 672 00:33:08,360 --> 00:33:12,719 Speaker 11: when the agreement was reached basically about twelve days ago 673 00:33:13,280 --> 00:33:17,200 Speaker 11: to set the top line appropriations for twenty four, he 674 00:33:17,280 --> 00:33:20,160 Speaker 11: had one particular piece of language in a letter to 675 00:33:20,240 --> 00:33:22,400 Speaker 11: his college which he said, and they will fight to 676 00:33:23,680 --> 00:33:29,240 Speaker 11: include important policy writers in the House bills. At the 677 00:33:29,280 --> 00:33:31,520 Speaker 11: same time, mister Schumer put out a statement saying, we 678 00:33:31,560 --> 00:33:34,280 Speaker 11: will not accept any poison pills. We're going to see 679 00:33:34,280 --> 00:33:37,640 Speaker 11: a fight over writers in these appropriation bills that could 680 00:33:37,760 --> 00:33:40,960 Speaker 11: potentially put us into the position which I said, maybe 681 00:33:41,000 --> 00:33:43,640 Speaker 11: another continuing resolution or a CR for the end of 682 00:33:43,640 --> 00:33:43,960 Speaker 11: the year. 683 00:33:45,320 --> 00:33:48,360 Speaker 4: Unbelievable. So we get this done. 684 00:33:49,080 --> 00:33:51,960 Speaker 3: Presumably there's something we haven't addressed yet, and that's a 685 00:33:52,000 --> 00:33:54,920 Speaker 3: potential deal on the border. We're spending a lot of 686 00:33:54,920 --> 00:33:57,120 Speaker 3: plates right now for a Congress that can't seem to 687 00:33:57,120 --> 00:33:58,760 Speaker 3: get out of bed in the morning here bill. But 688 00:33:58,840 --> 00:34:02,360 Speaker 3: that meeting at the White House appeared to be at 689 00:34:02,440 --> 00:34:05,560 Speaker 3: least not depressing. They came out saying relatively nice things 690 00:34:05,600 --> 00:34:08,799 Speaker 3: because Speaker Johnson is not going to only adhere to 691 00:34:09,040 --> 00:34:10,920 Speaker 3: HR two. At one point he said that was it 692 00:34:11,239 --> 00:34:14,320 Speaker 3: the immigration bill that Republicans in the House already passed 693 00:34:14,320 --> 00:34:15,759 Speaker 3: without a single Democrat. 694 00:34:16,320 --> 00:34:17,560 Speaker 4: You're a creature of the Senate. 695 00:34:17,800 --> 00:34:20,960 Speaker 3: How concerned is the House about getting jammed by what's 696 00:34:21,040 --> 00:34:23,759 Speaker 3: going on next door? And will that deal broker dos 697 00:34:23,840 --> 00:34:26,560 Speaker 3: presumably in the Senate even have a chance in the House. 698 00:34:28,680 --> 00:34:31,319 Speaker 11: Well, I am a creature of the Senate, and yes, 699 00:34:31,400 --> 00:34:34,000 Speaker 11: there are times when the Senate takes action without the 700 00:34:34,000 --> 00:34:38,239 Speaker 11: involvement of the House deliberations and on this particular set 701 00:34:38,280 --> 00:34:41,600 Speaker 11: of discussions had been going on. The House has not 702 00:34:41,640 --> 00:34:45,680 Speaker 11: been involved and something is important as the border that 703 00:34:45,760 --> 00:34:50,440 Speaker 11: affects everybody. And I do think that this is an 704 00:34:50,880 --> 00:34:53,359 Speaker 11: issue that's going to come even if the Senate could 705 00:34:53,400 --> 00:34:56,360 Speaker 11: put together and get an agreement in sixty votes to 706 00:34:56,440 --> 00:35:02,160 Speaker 11: pass some immigration reform. Obviously, the Senate is working very 707 00:35:02,239 --> 00:35:04,600 Speaker 11: hard to do and mister Schumer and mister Connor are 708 00:35:04,640 --> 00:35:07,920 Speaker 11: on the same wavelength here. The House has not been involved, 709 00:35:08,320 --> 00:35:10,400 Speaker 11: and the new Speaker is probably going to have a 710 00:35:10,480 --> 00:35:12,920 Speaker 11: very difficult time of simply taking whatever it is that 711 00:35:13,000 --> 00:35:16,080 Speaker 11: the Senate sends over. And is it fearful, quite frankly, 712 00:35:16,080 --> 00:35:20,160 Speaker 11: of being jammed from that perspective, I am. I'm not 713 00:35:20,239 --> 00:35:23,000 Speaker 11: a I don't follow the immigration issue as closely as 714 00:35:23,080 --> 00:35:25,520 Speaker 11: due on some of the fiscal issues. But I am 715 00:35:25,680 --> 00:35:28,680 Speaker 11: very concerned that there are House members and you just 716 00:35:28,760 --> 00:35:32,280 Speaker 11: had a discussion as it relates to the former president's 717 00:35:32,320 --> 00:35:35,960 Speaker 11: involvement here, that maybe they want there not to be 718 00:35:36,000 --> 00:35:38,799 Speaker 11: an agreement so that this becomes a political issue this 719 00:35:38,920 --> 00:35:40,600 Speaker 11: fall for re election purposes. 720 00:35:41,680 --> 00:35:42,040 Speaker 6: I am. 721 00:35:42,760 --> 00:35:45,160 Speaker 11: While the Senate seems to be on board and there 722 00:35:45,160 --> 00:35:48,000 Speaker 11: seems to be some nice happy talk coming out out 723 00:35:48,000 --> 00:35:50,640 Speaker 11: of the out of the White House yesterday, I think 724 00:35:50,680 --> 00:35:52,360 Speaker 11: we are still a long way from any kind of 725 00:35:52,360 --> 00:35:57,040 Speaker 11: an agreement on border issues, particularly on the issue as 726 00:35:57,040 --> 00:36:01,320 Speaker 11: it relates to uh parole, perrole and the powers given 727 00:36:01,320 --> 00:36:02,600 Speaker 11: to the president on parole. 728 00:36:03,880 --> 00:36:05,880 Speaker 10: Well, Bill, we just have a few minutes left with you, 729 00:36:05,920 --> 00:36:07,640 Speaker 10: but I'm glad you brought up the twenty twenty four 730 00:36:07,680 --> 00:36:10,640 Speaker 10: election and its role in all of this. Considering that 731 00:36:10,719 --> 00:36:14,440 Speaker 10: former President Trump posted on True Social I do not 732 00:36:14,520 --> 00:36:16,480 Speaker 10: think we should do a border deal at all unless 733 00:36:16,480 --> 00:36:18,719 Speaker 10: we get everything needed to shut down the invasion. I 734 00:36:18,760 --> 00:36:21,360 Speaker 10: have no doubt our wonderful Speaker of the House, Mike Johnson, 735 00:36:21,400 --> 00:36:24,400 Speaker 10: will only make a deal that is perfect on the border. 736 00:36:24,440 --> 00:36:27,320 Speaker 10: And Bill, we know that Johnson and Trump talk frequently. 737 00:36:27,400 --> 00:36:29,840 Speaker 10: How do you think about the former president in the scenario, 738 00:36:30,920 --> 00:36:31,360 Speaker 10: I think. 739 00:36:31,239 --> 00:36:34,319 Speaker 11: The former president. I think Republicans broadly should think about 740 00:36:34,320 --> 00:36:37,640 Speaker 11: this very carefully as to what whether or not any 741 00:36:37,719 --> 00:36:41,600 Speaker 11: kind of a next Congress, if the next even if 742 00:36:41,600 --> 00:36:45,080 Speaker 11: the even if the Senate switches and the House may 743 00:36:45,120 --> 00:36:48,439 Speaker 11: not switch, this may be the best opportunity for any 744 00:36:48,520 --> 00:36:51,040 Speaker 11: kind of reform of the border in an interfuture. Because 745 00:36:51,080 --> 00:36:55,919 Speaker 11: I had fear that a House made up of Democrats 746 00:36:55,960 --> 00:36:58,200 Speaker 11: next year if they take over, which seems to be 747 00:36:58,280 --> 00:37:02,560 Speaker 11: the prognosis right now, and even if the Senate was 748 00:37:02,600 --> 00:37:06,920 Speaker 11: to become Republican, I do think that the opportunities for 749 00:37:06,960 --> 00:37:10,480 Speaker 11: a border agreement is the best time is right now, 750 00:37:11,040 --> 00:37:13,640 Speaker 11: as opposed to putting it off until next year. And 751 00:37:13,640 --> 00:37:15,680 Speaker 11: by the way, that's too long anyway, we need to 752 00:37:15,680 --> 00:37:17,280 Speaker 11: be dealing with this now. 753 00:37:19,160 --> 00:37:19,359 Speaker 4: Bill. 754 00:37:19,400 --> 00:37:21,359 Speaker 3: It's great to see you and appreciate the straight talk. 755 00:37:21,360 --> 00:37:24,879 Speaker 3: Bill Hoagland at the Bipotters Policy Center from just next 756 00:37:24,880 --> 00:37:27,480 Speaker 3: door here in Washington. We thank you for the insights 757 00:37:27,520 --> 00:37:30,640 Speaker 3: as always, Kaylee, A lot of questions after a meeting 758 00:37:30,640 --> 00:37:31,920 Speaker 3: that was supposed to bring answers. 759 00:37:32,719 --> 00:37:35,319 Speaker 10: Yeah, that's right. We know that Speaker Johnson coming out 760 00:37:35,360 --> 00:37:36,840 Speaker 10: of that meeting said the border has to be the 761 00:37:36,880 --> 00:37:40,279 Speaker 10: top priority. Maybe it's a priority for the Biden administration 762 00:37:40,360 --> 00:37:42,840 Speaker 10: as well, but so is Ukraine. And therein lies the 763 00:37:42,840 --> 00:37:43,880 Speaker 10: red Oh true. 764 00:37:44,080 --> 00:37:47,120 Speaker 3: Congressman Frenchhill's coming in next. We'll get this straight from 765 00:37:47,120 --> 00:37:49,360 Speaker 3: a lawmaker who's in the middle of the action, the 766 00:37:49,360 --> 00:37:52,640 Speaker 3: Republican from Arkansas. We'll be here next. On the fastest 767 00:37:52,640 --> 00:37:55,400 Speaker 3: show in politics, This is Bloomberg. 768 00:37:57,960 --> 00:38:01,319 Speaker 1: If you're listening to the Bloomberg sound on podcast, catch 769 00:38:01,400 --> 00:38:05,160 Speaker 1: the program live weekdays at one Eastern on Bloomberg Radio, 770 00:38:05,320 --> 00:38:08,080 Speaker 1: the tune in app, Bloomberg dot Com, and the Bloomberg 771 00:38:08,120 --> 00:38:11,400 Speaker 1: Business App. You can also listen live on Amazon Alexa 772 00:38:11,480 --> 00:38:14,839 Speaker 1: from our flagship New York station. Just say Alexa play 773 00:38:14,960 --> 00:38:18,080 Speaker 1: Bloomberg eleven thirty. 774 00:38:18,160 --> 00:38:20,960 Speaker 3: This is looking like a done deal, Kayley. The Senate's 775 00:38:20,960 --> 00:38:24,920 Speaker 3: got the votes. Congressman french Hill is waiting right now 776 00:38:24,960 --> 00:38:27,120 Speaker 3: for that bill to come across the Rotunda so they 777 00:38:27,120 --> 00:38:28,080 Speaker 3: can vote on it in the House. 778 00:38:28,080 --> 00:38:30,719 Speaker 4: Then everybody goes home before the snow. Don't be done. 779 00:38:31,480 --> 00:38:33,480 Speaker 10: Well, we're not quite at the finish line, and a 780 00:38:33,480 --> 00:38:35,600 Speaker 10: few members of the House we're trying to make some 781 00:38:35,680 --> 00:38:39,000 Speaker 10: last minute changes in regard to attaching HR two or 782 00:38:39,040 --> 00:38:43,520 Speaker 10: similar border security measures to this stop gap continuing resolution, 783 00:38:43,840 --> 00:38:47,640 Speaker 10: and yet according to Speaker Johnson's office, that's a no go, 784 00:38:47,840 --> 00:38:48,560 Speaker 10: no changes. 785 00:38:48,920 --> 00:38:49,759 Speaker 4: That's kind of a big deal. 786 00:38:49,760 --> 00:38:51,000 Speaker 3: I feel like you're going to look back at that 787 00:38:51,080 --> 00:38:52,680 Speaker 3: as a moment when he said no to the Freedom 788 00:38:52,719 --> 00:38:55,400 Speaker 3: Caucus and something actually got passed. 789 00:38:55,960 --> 00:38:57,480 Speaker 4: But it's not for me to make that judgment. 790 00:38:57,520 --> 00:38:59,600 Speaker 3: He's with us right now from the Rotunda and the 791 00:38:59,640 --> 00:39:03,080 Speaker 3: Cannon House Office building, where all the big stuff happens. 792 00:39:03,080 --> 00:39:05,840 Speaker 3: Congressman French Hill, the Republican from Arkansas. 793 00:39:05,880 --> 00:39:07,799 Speaker 4: Great to see you, sir. You got your snowboots on. 794 00:39:09,280 --> 00:39:12,200 Speaker 12: I'm ready. It's cold. It's colder in Arkansas than vis 795 00:39:12,239 --> 00:39:14,880 Speaker 12: in the district Columbia. So we're trying to see if 796 00:39:14,880 --> 00:39:16,040 Speaker 12: we can finish our work today. 797 00:39:17,080 --> 00:39:18,200 Speaker 4: Well, it looks like you got it right. 798 00:39:18,280 --> 00:39:20,960 Speaker 3: I mean, I'm expecting that this will arrive in the 799 00:39:20,960 --> 00:39:22,799 Speaker 3: House and pass pretty easily based on what we're hearing. 800 00:39:22,840 --> 00:39:25,120 Speaker 6: How about you, I think so. 801 00:39:25,200 --> 00:39:27,319 Speaker 12: I think when you saw the cloture vote earlier in 802 00:39:27,360 --> 00:39:30,720 Speaker 12: the week in the Senate, where overwhelmingly senators were ready 803 00:39:30,719 --> 00:39:34,120 Speaker 12: to do this very short term extension to buy more 804 00:39:34,200 --> 00:39:38,280 Speaker 12: time to get these bills written right, get the negotiations finished, 805 00:39:38,280 --> 00:39:43,239 Speaker 12: and move the continuing resolution deadline from the nineteenth tomorrow 806 00:39:43,280 --> 00:39:46,400 Speaker 12: to March first and March eighth. I think it's just 807 00:39:46,480 --> 00:39:49,480 Speaker 12: where we find ourselves in Congress after wasting so much 808 00:39:49,520 --> 00:39:53,759 Speaker 12: time inefficiently last fall in things like fighting about a 809 00:39:53,800 --> 00:39:56,000 Speaker 12: spending number that we've already agreed to and trying to 810 00:39:56,000 --> 00:39:58,440 Speaker 12: throw our speaker out. So that's where we find ourselves. 811 00:40:00,160 --> 00:40:02,319 Speaker 10: When you talk about buying more time, more up time 812 00:40:02,400 --> 00:40:06,000 Speaker 10: has been bought twice, a continuing resolution passed to the 813 00:40:06,040 --> 00:40:09,360 Speaker 10: end of September, another in mid November. This will be 814 00:40:09,440 --> 00:40:13,680 Speaker 10: the third. Are you confident that it will be the last? 815 00:40:14,680 --> 00:40:16,040 Speaker 6: Well, of course I can't say that. 816 00:40:16,200 --> 00:40:19,000 Speaker 12: I can't say it because people have squandered time so 817 00:40:19,480 --> 00:40:23,400 Speaker 12: ineffectively over the past few months. We had the Speaker 818 00:40:23,480 --> 00:40:27,360 Speaker 12: McCarthy effort to do this before the middle of November, 819 00:40:27,360 --> 00:40:30,879 Speaker 12: before Thanksgiving, and instead of doing it, a small group 820 00:40:30,880 --> 00:40:32,879 Speaker 12: of eight people threw the Speaker out of his job. 821 00:40:33,760 --> 00:40:37,080 Speaker 12: And so then Chuck Schumer squandered the time between Thanksgiving 822 00:40:37,080 --> 00:40:40,200 Speaker 12: and Christmas not continuing to move forward in the Senate 823 00:40:40,560 --> 00:40:43,399 Speaker 12: on agreeing to the House spending levels or working on 824 00:40:43,920 --> 00:40:47,680 Speaker 12: this appropriate supplemental appropriation very effectively. So, look, this is 825 00:40:47,680 --> 00:40:49,600 Speaker 12: where we find ourselves. I hope we can get this 826 00:40:49,680 --> 00:40:53,480 Speaker 12: work done. I know we can. We should be able 827 00:40:53,520 --> 00:40:56,040 Speaker 12: to do it because we've agreed to the spending levels 828 00:40:56,520 --> 00:41:00,000 Speaker 12: and now each of those appropriations committee subcommittee chairman will 829 00:41:00,120 --> 00:41:02,719 Speaker 12: work on the policy. And this is just what's important 830 00:41:03,040 --> 00:41:05,879 Speaker 12: to Republicans. We got the spending level that we can 831 00:41:05,920 --> 00:41:07,400 Speaker 12: live with. Now we want to make sure that we 832 00:41:07,440 --> 00:41:09,480 Speaker 12: get the policy changes that we want in each of 833 00:41:09,520 --> 00:41:10,640 Speaker 12: those bills before March. 834 00:41:10,680 --> 00:41:14,040 Speaker 4: First, let's talk of a border deal emerging. 835 00:41:14,080 --> 00:41:17,000 Speaker 3: We saw the players at the White House yesterday, Congressman, 836 00:41:17,040 --> 00:41:21,040 Speaker 3: the Big Four along with President Biden. There seemed to 837 00:41:21,040 --> 00:41:22,880 Speaker 3: be some optimism coming out of that meeting. But I 838 00:41:22,960 --> 00:41:25,880 Speaker 3: keep hearing that the House refuses to be jammed by 839 00:41:25,920 --> 00:41:28,840 Speaker 3: the Senate and then it could be doa in your chamber. 840 00:41:28,840 --> 00:41:31,919 Speaker 12: What do you think, hey, Joe, such a good question. 841 00:41:31,920 --> 00:41:33,960 Speaker 12: I think the meeting at the White House was good 842 00:41:34,239 --> 00:41:37,879 Speaker 12: for about four months in a row. President Biden reiterated 843 00:41:37,920 --> 00:41:40,239 Speaker 12: that he's happy to change policy at the border and 844 00:41:40,320 --> 00:41:44,040 Speaker 12: happy to work with Republicans on solutions. He keeps saying that, 845 00:41:44,360 --> 00:41:48,239 Speaker 12: but we don't get anything on paper and get that negotiated. 846 00:41:48,640 --> 00:41:51,279 Speaker 12: We've got a leader on this project, a frustrating, a 847 00:41:51,320 --> 00:41:52,440 Speaker 12: frustrating project. 848 00:41:52,680 --> 00:41:54,160 Speaker 6: James Langford, the Senator. 849 00:41:53,880 --> 00:41:57,680 Speaker 12: From Oklahoma, is prying to put together a policy that 850 00:41:57,719 --> 00:42:02,040 Speaker 12: cuts off this flow by telling President Biden to make 851 00:42:02,120 --> 00:42:07,000 Speaker 12: these policy changes on asylum and parole particularly, that could 852 00:42:07,000 --> 00:42:09,759 Speaker 12: cut as much as seventy percent of the flow. That's 853 00:42:09,800 --> 00:42:13,560 Speaker 12: the kind of policy change House Republicans are waiting to 854 00:42:13,600 --> 00:42:14,680 Speaker 12: see in writing. 855 00:42:16,719 --> 00:42:19,480 Speaker 10: Well, you talk about getting things in writing, but the 856 00:42:19,520 --> 00:42:21,719 Speaker 10: Senate seems more optimistic they're going to be able to 857 00:42:21,719 --> 00:42:23,440 Speaker 10: do that soon. That was at least the message from 858 00:42:23,520 --> 00:42:26,200 Speaker 10: Chuck Schumer yesterday. Once it is, and if the Senate 859 00:42:26,239 --> 00:42:29,920 Speaker 10: were to pass this, what's its fate in the House. 860 00:42:30,000 --> 00:42:32,520 Speaker 10: What is the House realistically going to be willing to 861 00:42:32,600 --> 00:42:32,960 Speaker 10: vote for? 862 00:42:34,120 --> 00:42:37,080 Speaker 12: Well, look, here's what I think a majority of House 863 00:42:37,160 --> 00:42:42,279 Speaker 12: members want is concrete policy changes by the Biden administration 864 00:42:42,480 --> 00:42:44,440 Speaker 12: on their southwest border policy. 865 00:42:45,200 --> 00:42:45,759 Speaker 6: They could do. 866 00:42:45,800 --> 00:42:48,520 Speaker 12: Many of those by executive action, but they have not. 867 00:42:49,200 --> 00:42:51,920 Speaker 12: So President Biden in the conversation of the White House, 868 00:42:52,000 --> 00:42:54,800 Speaker 12: offered to do some things by executive action and agree 869 00:42:54,800 --> 00:42:55,360 Speaker 12: to other. 870 00:42:55,239 --> 00:42:58,440 Speaker 6: Things in law with Congress. We needed to see that 871 00:42:58,560 --> 00:42:59,840 Speaker 6: in writing lead in. 872 00:43:00,480 --> 00:43:03,160 Speaker 12: We need to see how many Republican Senators get behind 873 00:43:03,160 --> 00:43:05,360 Speaker 12: that effort to support it in the Senate, and I 874 00:43:05,400 --> 00:43:08,520 Speaker 12: think that will really set the tone when that bill 875 00:43:08,560 --> 00:43:13,440 Speaker 12: attached to funding for Ukraine, Israel, and Taiwan comes back 876 00:43:13,480 --> 00:43:14,120 Speaker 12: to the House. 877 00:43:15,960 --> 00:43:18,240 Speaker 3: We've got a couple of things, not just a government 878 00:43:18,239 --> 00:43:23,200 Speaker 3: funding to deal with with the seasonal expirations here a congressman, 879 00:43:23,239 --> 00:43:26,520 Speaker 3: we've talked about the renewal of PAISA, the warrantless spying 880 00:43:26,600 --> 00:43:29,200 Speaker 3: program that is also up for renewal, and I'm wondering 881 00:43:29,200 --> 00:43:31,600 Speaker 3: if that's going to get bogged down as well by 882 00:43:31,640 --> 00:43:33,120 Speaker 3: the debates that are being had here. 883 00:43:33,239 --> 00:43:34,800 Speaker 4: Nothing seems to have an easy path. 884 00:43:36,120 --> 00:43:39,760 Speaker 12: Well, again, on the FAISO reform, Speaker Johnson has asked 885 00:43:40,000 --> 00:43:43,440 Speaker 12: Chairman Mike Turner and Chairman Jim Jordan to put together 886 00:43:43,640 --> 00:43:46,680 Speaker 12: where there's consensus on that. And let me remind you 887 00:43:46,760 --> 00:43:50,160 Speaker 12: that the Senate Intelligence Committee and the House Intelligence Committee 888 00:43:50,400 --> 00:43:53,400 Speaker 12: are fully on the same page for these reforms of 889 00:43:53,440 --> 00:43:57,440 Speaker 12: the FBI reforms of PISA to protect Americans privacy but 890 00:43:57,680 --> 00:44:02,439 Speaker 12: maintain our surveillance outside the US. Those reforms have by 891 00:44:02,520 --> 00:44:08,040 Speaker 12: camera and bipartisan support. So Speaker Johnson has set a timeline. 892 00:44:07,920 --> 00:44:09,640 Speaker 6: For Chairman Turner and Chairman Jordan. 893 00:44:09,480 --> 00:44:12,080 Speaker 12: To reach that conclusion, and we need to pass that 894 00:44:12,760 --> 00:44:15,440 Speaker 12: before April nineteenth. 895 00:44:16,040 --> 00:44:19,080 Speaker 10: Speaking of things that you'd like to see passed in 896 00:44:19,160 --> 00:44:21,320 Speaker 10: the House, Congressmen, you of course sit on the Financial 897 00:44:21,360 --> 00:44:24,400 Speaker 10: Services Committee. You chaired the Subcommittee on Digital Assets, and 898 00:44:24,520 --> 00:44:27,919 Speaker 10: last year you had success in passing two bills out 899 00:44:27,920 --> 00:44:31,120 Speaker 10: of that committee related to cryptocurrencies. My understanding, according to 900 00:44:31,160 --> 00:44:34,520 Speaker 10: a few reports, Congressmen, as you're shopping around some changes 901 00:44:34,600 --> 00:44:36,879 Speaker 10: to that legislation. Could you detail that for us? 902 00:44:38,000 --> 00:44:40,200 Speaker 12: Well, we had our what we call our Fit for 903 00:44:40,320 --> 00:44:43,640 Speaker 12: Purpose for the twenty first Century Act that set up 904 00:44:43,640 --> 00:44:48,000 Speaker 12: the regulatory framework that directs the SEC and the CFTC 905 00:44:48,120 --> 00:44:51,680 Speaker 12: precisely what to do in the regulation and oversight for 906 00:44:51,760 --> 00:44:55,440 Speaker 12: digital assets. This is good for innovators, good for American companies, 907 00:44:55,480 --> 00:44:57,160 Speaker 12: good for consumers and investors. 908 00:44:57,840 --> 00:44:59,759 Speaker 6: We made all the changes that came out of our 909 00:44:59,800 --> 00:45:01,000 Speaker 6: more last July. 910 00:45:01,440 --> 00:45:03,960 Speaker 12: We're now showing that to our colleagues on both sides 911 00:45:03,960 --> 00:45:06,520 Speaker 12: of the aisle, and I think that bill is prepared 912 00:45:06,560 --> 00:45:08,239 Speaker 12: to come to the floor when the Speaker and the 913 00:45:08,239 --> 00:45:12,480 Speaker 12: Majority Leader are ready for it to be considered. The 914 00:45:12,560 --> 00:45:16,080 Speaker 12: second bill that you reference, Kaylee, is the stable coin legislation. 915 00:45:16,600 --> 00:45:19,400 Speaker 12: This is how to take a fiat currency like a 916 00:45:19,480 --> 00:45:22,200 Speaker 12: dollar and have a dollar based stable coin to be 917 00:45:22,280 --> 00:45:22,799 Speaker 12: used on a. 918 00:45:22,719 --> 00:45:23,920 Speaker 6: Blockchain as a payment. 919 00:45:24,560 --> 00:45:27,719 Speaker 12: That bill also we've worked with our Democratic colleagues, who 920 00:45:27,719 --> 00:45:31,799 Speaker 12: has bipartisan support. We are trying to make final corrections 921 00:45:31,840 --> 00:45:34,080 Speaker 12: to that to also get that to the floor, and 922 00:45:34,120 --> 00:45:38,480 Speaker 12: we're just continuing those consultations. They've been constructive, they've been bipartisan. 923 00:45:38,719 --> 00:45:40,440 Speaker 12: So I hope we finished that work soon and can 924 00:45:40,480 --> 00:45:43,879 Speaker 12: get it also to the House floor, all. 925 00:45:43,840 --> 00:45:46,320 Speaker 10: Right, And one more regulatory matter to ask you about, 926 00:45:46,320 --> 00:45:49,400 Speaker 10: as I know you've been vocal about this in past hearings, 927 00:45:49,440 --> 00:45:53,600 Speaker 10: the capital requirements that BOSEL three end game reform for banking. 928 00:45:53,640 --> 00:45:55,760 Speaker 10: There's been some noise around that coming from the Federal 929 00:45:55,760 --> 00:45:58,719 Speaker 10: Reserve in recent days. Michelle Bowman talking about how it 930 00:45:58,800 --> 00:46:01,319 Speaker 10: might need to be changed for Waller. Her colleague was 931 00:46:01,400 --> 00:46:04,040 Speaker 10: as well, we're actually going to be speaking with Michael Sue, 932 00:46:04,040 --> 00:46:07,600 Speaker 10: the acting director of the OCC leader. Congressman, what would 933 00:46:07,600 --> 00:46:10,480 Speaker 10: you like to tell him about how this regulation should 934 00:46:10,520 --> 00:46:12,400 Speaker 10: change proposally. 935 00:46:13,760 --> 00:46:17,400 Speaker 12: This is the basle endgame that affects capital for large 936 00:46:17,440 --> 00:46:21,600 Speaker 12: financial institutions. But when you affect large institutions, you affect 937 00:46:21,680 --> 00:46:25,120 Speaker 12: all four thousand commercial banks in our country. It has 938 00:46:25,160 --> 00:46:28,279 Speaker 12: to be pro American competitiveness, not put us at a 939 00:46:28,320 --> 00:46:29,280 Speaker 12: disadvantage when. 940 00:46:29,160 --> 00:46:30,040 Speaker 6: We compete abroad. 941 00:46:30,320 --> 00:46:33,120 Speaker 12: And it has to make sure it doesn't dislocate important 942 00:46:33,200 --> 00:46:36,239 Speaker 12: business and consumer lending. 943 00:46:35,960 --> 00:46:37,160 Speaker 6: Products in our country. 944 00:46:37,440 --> 00:46:40,360 Speaker 12: Those are the things I would urge the regulators to 945 00:46:40,400 --> 00:46:42,960 Speaker 12: be very careful about. That's why you've heard concerns from 946 00:46:43,000 --> 00:46:47,040 Speaker 12: Governor Bowman, Governor Waller, others. And this was the comment 947 00:46:47,120 --> 00:46:50,600 Speaker 12: period week came to a conclusion this year this week, 948 00:46:50,800 --> 00:46:53,839 Speaker 12: and I'm going through all those to see what the 949 00:46:53,840 --> 00:46:56,360 Speaker 12: best parts of the rule making and what are the 950 00:46:56,360 --> 00:46:59,120 Speaker 12: parts that need serious change. And I think my colleagues 951 00:46:59,120 --> 00:47:00,919 Speaker 12: and I are all folks on that for the next 952 00:47:00,960 --> 00:47:04,440 Speaker 12: few weeks. We want to make sure the FED has 953 00:47:04,480 --> 00:47:07,359 Speaker 12: the right capital structure for our institutions. But we don't 954 00:47:07,400 --> 00:47:09,759 Speaker 12: want to make America less competitive, and we don't want 955 00:47:09,800 --> 00:47:13,759 Speaker 12: to dislocate consumers and household and business borrowing needs. We 956 00:47:13,840 --> 00:47:15,560 Speaker 12: need that in our economy for growth. 957 00:47:17,120 --> 00:47:19,160 Speaker 4: Right Congressman, I want you to know we were channeling 958 00:47:19,200 --> 00:47:23,800 Speaker 4: you over the weekend. In Iowa. It was twenty degrees 959 00:47:23,840 --> 00:47:27,120 Speaker 4: below zero. There was a drifting snow on the you saw. 960 00:47:27,200 --> 00:47:28,880 Speaker 3: I'm going to I can complain all day about it, 961 00:47:28,920 --> 00:47:30,759 Speaker 3: and I'm going to stop down. But I remember the 962 00:47:30,800 --> 00:47:33,160 Speaker 3: story that you told us about getting on the road. 963 00:47:33,200 --> 00:47:35,320 Speaker 3: I think it was your lonely drive to Cedar Rapids. 964 00:47:35,320 --> 00:47:38,319 Speaker 3: You almost didn't make it too, and we were thinking about, God, 965 00:47:38,360 --> 00:47:40,160 Speaker 3: if french Hill made it, we can do it too. 966 00:47:41,880 --> 00:47:44,200 Speaker 12: Worse than that, it was des Moines to Sioux City 967 00:47:44,680 --> 00:47:48,600 Speaker 12: over a So let me tell you it's cold, but 968 00:47:48,680 --> 00:47:51,160 Speaker 12: it's the American tradition. I'm glad you now have those 969 00:47:51,760 --> 00:47:54,080 Speaker 12: for making it. Congratulations. 970 00:47:54,360 --> 00:47:56,680 Speaker 4: I'm not even sure that's true, but I like the idea. 971 00:47:56,760 --> 00:47:59,600 Speaker 3: Congressman Frenchhill, we thank you as always say hi to 972 00:47:59,640 --> 00:48:02,320 Speaker 3: your college legs. There and Cannon sounds like a busy day, Kaylie. 973 00:48:02,480 --> 00:48:04,520 Speaker 4: He knows because he's been there. 974 00:48:05,000 --> 00:48:06,719 Speaker 10: Yeah, experienced it before he. 975 00:48:06,719 --> 00:48:07,360 Speaker 4: Was in Congress. 976 00:48:07,360 --> 00:48:09,760 Speaker 3: He was working as a surrogate and an organizer in Iowa. 977 00:48:10,239 --> 00:48:12,480 Speaker 3: He's been there from the grassroots or the snow. 978 00:48:13,719 --> 00:48:15,879 Speaker 10: I think our cold was colder than his cold, though 979 00:48:15,920 --> 00:48:18,680 Speaker 10: it was. It was a record, a record, Congress. I 980 00:48:18,719 --> 00:48:21,399 Speaker 10: know we were there when the record was set, Kaylee. 981 00:48:21,440 --> 00:48:25,800 Speaker 4: They could never take that. Thanks for listening to the 982 00:48:25,880 --> 00:48:26,840 Speaker 4: sound on podcast. 983 00:48:26,920 --> 00:48:30,040 Speaker 3: Make sure to subscribe if you haven't already, at Apple, Spotify, 984 00:48:30,080 --> 00:48:31,799 Speaker 3: and anywhere else you get your podcasts. 985 00:48:32,120 --> 00:48:34,800 Speaker 4: And you can find us live every weekday from Washington, 986 00:48:34,880 --> 00:48:35,080 Speaker 4: d C. 987 00:48:35,239 --> 00:48:40,120 Speaker 3: At one pm Eastern Time at Bloomberg dot com.