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Speaker 1: Why from our nation's camera, How do we reopen this economy?

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Speaker 1: The latest on how this pandemic is impacting farmers. What

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Speaker 1: does this do from the United States relationship with China.

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Speaker 1: Bloomberg Sound On, the Insiders, the influencers, the insides. We're

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Speaker 1: responding to this crisis and manufacturers are stepping up like

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Speaker 1: never before. We're looking at seventy Kennedys for different duct teams.

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Speaker 1: How do we make sure a pandemic of this scale

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Speaker 1: never happens again? This is Bloomberg Sound On with Kevin

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Speaker 1: Surrelate on Bloomberg one and one oh five point seven

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Speaker 1: f m h D two. Tax Talk, White House Edition.

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Speaker 1: President Trump scorns the Supreme Court on tax rulings, but

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Speaker 1: the records are still going to stay private. Complete reaction

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Speaker 1: coming from Trump World recording the Wandowski as the President

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Speaker 1: heads for New Hampshire rally. All of that plus presumptive

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Speaker 1: Democratic not presidential nominee Joe Biden offering a build back

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Speaker 1: better approach to reviving the US economy. Congresswoman Abigail span

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Speaker 1: Burger gives us fresh reaction. The Democrat from Virginia. We

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Speaker 1: are also going to hear from a member of the

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Speaker 1: President's economic team, Tyler Goodspeed, he's acting chairman of the

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Speaker 1: Council of Economic Advisors for President Trump and Energy Secretary

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Speaker 1: Dan Broulette. My exclusive interviews with both of them. So

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Speaker 1: we have a lot to get through on what was

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Speaker 1: a very busy day in Washington, d c. From the

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Speaker 1: Supreme Court to Scranton. Folks, we're gonna have every angle covered.

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Speaker 1: President Trump responding via tweet to the Supreme Court rulings

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Speaker 1: and essentially, folks, there were two Supreme Court case rulings

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Speaker 1: that made their way and that were ruled today. The

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Speaker 1: one is with the UH the House, remember the Democratic

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Speaker 1: controlled House. They have been pushing for their for the

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Speaker 1: president and the financial institutions where that have his tax

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Speaker 1: records to hand them over. While the Supreme Court said

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Speaker 1: nan no, they directed it back down to the lower

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Speaker 1: court to take a look at it. But then on

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Speaker 1: the New York prosecut us in case, they said that

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Speaker 1: the the financial records institution that has the financial records

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Speaker 1: for the taxes, that they have to hand them over,

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Speaker 1: that they have to hand them over to the New

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Speaker 1: York prosecutors. President Trump didn't like that, and that's where

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Speaker 1: I begin tonight with our first guest, Corey Lewandowski. Uh,

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Speaker 1: the campaign manager back in two thousand and sixteen, senior

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Speaker 1: advisor to the president's reelection efforts. All Right, Corey, I

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Speaker 1: can't believe all these years later are still talking about taxes.

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Speaker 1: But I mean, is this gonna be an issue heading

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Speaker 1: into November or not? I think very candidly the answer

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Speaker 1: is no. Uh. What do you see when you look

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Speaker 1: at someone's taxes, You see how much money they've made

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Speaker 1: in a calendar year, You've seen what their deductions are,

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Speaker 1: you see what their effective tax rate is. Okay, that's

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Speaker 1: basically the premise of what taxes do. So they show

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Speaker 1: you how much income you've had, they show you how

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Speaker 1: much of paytent taxes, and they're showing you if you've

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Speaker 1: given a charity or any of those other things. So

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Speaker 1: there's notion that the elector or is so enthralled by

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Speaker 1: the Trump taxes that they want to know if President

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Speaker 1: Trump is really rich or if he's really really rich.

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Speaker 1: I can put that notion behind us right now. He's really, really,

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Speaker 1: really rich. So you know whether he made five hundred

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Speaker 1: million dollars last year, six hundred million dollars last year,

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Speaker 1: or four hundred million dollars. I can assure you it

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Speaker 1: puts him in the top one tenth of one pervent

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Speaker 1: in America. And whenever he's the fact his tax rate

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Speaker 1: is is the tax rate. So I don't think this

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Speaker 1: is a game changer at all. Democrats are saying, well,

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Speaker 1: President Trump's calling a prosecutorial miss conduct. Democrats are saying

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Speaker 1: that Cyrus Vance, that's the Manhattan District Attorney, Cyrus Vance,

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Speaker 1: that he's getting his hands on nearly a decade's worth

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Speaker 1: of documents as part of a grand jury investigation, that

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Speaker 1: it could lead to some things. But folks, just because

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Speaker 1: Cyrus Vance has the tax records, it doesn't even necessarily

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Speaker 1: mean that they're going to be made public. Either way.

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Speaker 1: It is a win and a loss for Democrats and

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Speaker 1: Republicans respectively. I want to move on. I I we

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Speaker 1: had to cover it, but I want to move on.

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Speaker 1: Because Joe Biden, the presumptive Democratic presidential nominee, unveiled a

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Speaker 1: an economic speech today Corey in Scranton, Pennsylvania, his hometown

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Speaker 1: battleground state of Pennsylvania. President Trump carried the state uh

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Speaker 1: the first time a Republican has done so since nine

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Speaker 1: and this is also where Biden has headquartered his campaign

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Speaker 1: in Philadelphia. You know, it was in many ways a

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Speaker 1: populist speech, so to speak, trying to bridge the gap

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Speaker 1: between democratic socialism and centrism. What was your reaction to

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Speaker 1: what the Biden campaign laid out today? Look, it was

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Speaker 1: very trump esque. And and let me just say, and

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Speaker 1: I don't mean this in a respectful way at all. Scranton,

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Speaker 1: Pennsylvania has not been Joe Biden's home in six decades now.

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Speaker 1: Granted he was born there, he left when he was

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Speaker 1: eleven years old. The guys now seventy seven years old.

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Speaker 1: It's been sixty six years since he's lived in Pennsylvania.

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Speaker 1: I think at some point we have to stop saying

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Speaker 1: the guy is from Pennsylvania. I don't know what the

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Speaker 1: criteria is, and I'm only being half facetious. At some point,

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Speaker 1: where you haven't lived in a state for sixty six years,

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Speaker 1: that's not your home anymore. Jill Biden is from Delaware.

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Speaker 1: But that that being said, Okay, that being said, Um,

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Speaker 1: look what Jill Biden had the opportunity to do when

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Speaker 1: he was in the United States Senate for forty four years.

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Speaker 1: He had the opportunity to effectuate real change, and it

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Speaker 1: didn't happen. And only now is he trying to remember

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Speaker 1: those towns like Allenstown and uh Monet and where Donald

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Speaker 1: Trump was in sixteen talking about the closed factories. Jill

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Speaker 1: Biden could have done this when he worked in Washington

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Speaker 1: for forty four years and didn't get it done. And

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Speaker 1: now that he's running for president, he's saying we're gonna

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Speaker 1: bring jobs back from overseas. I'm gonna put America first.

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Speaker 1: It sounds a lot to me like Donald Trump. So

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Speaker 1: you know, I think it's really interesting and and and

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Speaker 1: and Corey is giving us a really an insider accountant

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Speaker 1: to the preview for how the re election campaign is

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Speaker 1: gonna push back against this. But you know, Corey, I'm

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Speaker 1: looking at some of the lines on the Bloomberg terminal

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Speaker 1: today and they're they're they're grim in terms of potential

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Speaker 1: job layoffs. At Wells Fargo yesterday, there was you know,

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Speaker 1: some airline companies coming out and saying they might have

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Speaker 1: to have layoffs by the end of the year. No

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Speaker 1: and and and no one saw the pandemic coming. And

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Speaker 1: I get that. There's also, you know, this stepped up

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Speaker 1: recovery debate happening at the economic community. We get jobs reports,

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Speaker 1: I'm sorry, unemployment filings from earlier today. You know, how

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Speaker 1: do you draw the contrast between President Trump and nominee

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Speaker 1: Biden in terms of what a first quarter of one

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Speaker 1: would look like under a second term for Trump and

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Speaker 1: a first term for Biden in terms of reopening the economy.

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Speaker 1: It's a great question. It really is a great question.

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Speaker 1: It really should go right to the heart of who's

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Speaker 1: better to take our country folk for the next four years.

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Speaker 1: When Barack Obama and Joe Biden were in office for

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Speaker 1: those eight years, uh, they used terms like these jobs

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Speaker 1: are going away and they're never coming back. And at

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Speaker 1: the beginning of the Obama administration, most people recognize that

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Speaker 1: the economy was in adul drums and he did things

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Speaker 1: at the beginning of that where he blamed President Bush

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Speaker 1: for the the economy that he inherited. But you can't

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Speaker 1: then take credit when Donald Trump changes the economy around

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Speaker 1: after you leave office and say those are because of

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Speaker 1: the Barack Obama Jo Biden policies. The truth is, under

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Speaker 1: Donald John Trump's administration, more people were working at any

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Speaker 1: time in our nation's history. The unemployment rate was the

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Speaker 1: lowest for African Americans, Hispanic Americans, Asian Americans, women that

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Speaker 1: we have ever seen. And there were more economic opportunities

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Speaker 1: because of the regulatory environment and the tax cuts that

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Speaker 1: this president put in place. Joe Biden had the opportunity

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Speaker 1: for eight years as the vice president has states to

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Speaker 1: create jobs, and instead we saw Barack Obama go around

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Speaker 1: the country. When coal miners asked him what was gonna happen,

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Speaker 1: they said, hey, learn a new job. When uh C

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Speaker 1: the workers said what should we do with our jobs,

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Speaker 1: they said, it's cheaper than get over in China. That's

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Speaker 1: the difference here. The difference is someone who in three

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Speaker 1: years created the economy which was the envy of the

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Speaker 1: world in the United States, which it was for Joe Biden,

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Speaker 1: who had a defeatist attitude and said, some of these

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Speaker 1: jobs are never coming back. All right, what you have

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Speaker 1: to look forward to and very quickly, just in the

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Speaker 1: minute that we have left in terms of these battleground states,

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Speaker 1: what's the give us an insight track, don't give me,

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Speaker 1: give me like the strategy in terms of what the

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Speaker 1: playbook is going to be, because you know, you see

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Speaker 1: the polls. We all look at the same polls. I

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Speaker 1: know you're gonna say, don't believe them, but what are

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Speaker 1: you gonna do and to win Wisconsin, in Michigan and

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Speaker 1: those states. It's very simple, and I don't mean that

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Speaker 1: in a negative sense. Look, President President Trump has come

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Speaker 1: out and said open the schools and closed the border. Okay,

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Speaker 1: that's a very simple contrast of the democrator said closed

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Speaker 1: the schools and open the borders. Okay, that's the truth.

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Speaker 1: This President, Donald Trump has stood for long order. Well,

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Speaker 1: the left has said, go ahead and defund the police.

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Speaker 1: When you call nine one one, maybe the most important

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Speaker 1: three numbers that you can have, and you're telephone, we

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Speaker 1: only expect for the show off. We expected men and

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Speaker 1: women in uniform to come and save us every single time.

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Speaker 1: When they do that, regardless of race, agent, ethnicity, sexual orientation,

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Speaker 1: economic status, it doesn't matter. The men and women who

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Speaker 1: wear that performed do that. Joe Biden wanted to defund them.

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Speaker 1: This president wants to support them. CORYL. Randowski, senior advisor

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Speaker 1: of the President's re election campaign. Appreciate time, Corey, thanks

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Speaker 1: for checking in with us. Come back and give us

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Speaker 1: another update. Schools, folks, education. I'm telling you You've been

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Speaker 1: talking about it all week. That's gonna be a key

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Speaker 1: issue in this election. More next time, Kevin silly you're listening,

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Speaker 1: you're listening to Bloomberg Sound On with Kevin Surreley on

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Speaker 1: Bloomberg and one All five point seven FM h D two.

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Speaker 1: Joe Biden in scrant Pennsylvania announcing a new economic plan.

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Speaker 1: We're gonna check in tomorrow with former Commerce Secretary Petty Pritzker,

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Speaker 1: who was a key person who helped uh right that plan.

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Speaker 1: To be honest with you, so we're gonna interview her tomorrow.

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Speaker 1: You can watch that interview Bloomberg Television and of course

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Speaker 1: right here on Bloomberg Radio. And coming up, we'll check

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Speaker 1: in with Congresswoman Abigails Banberger, Democrat from Virginia. I want

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Speaker 1: to ask her about that. I want to ask her

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Speaker 1: about the stimulus. Lots of lots of stuff on my radar.

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Speaker 1: Earlier this week, I interviewed Tyler good Speed. Tyler good Speed,

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Speaker 1: not Tyler Pager. Tyler good Speed. Tyler good Speed is,

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Speaker 1: of course the acting chairman of the Council of Economic Advisors.

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Speaker 1: We talked about the economy. Take a listen. I want

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Speaker 1: to ask you about the next rounds of economic stimulus.

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Speaker 1: Senate Majority Leader Mitch McConnell says, by the end of August,

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Speaker 1: is that what the White House wants and what does

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Speaker 1: the White House want to see in the next round

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Speaker 1: of economic stimulus. Yeah, so the White House we've had

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Speaker 1: some internal discussions and definitely we do want to see

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Speaker 1: further action to facilitate continued recovery, particularly in the labor market.

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Speaker 1: I know that some priorities over here include a payroll

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Speaker 1: tax cut UH and also possibly some some some deduction

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Speaker 1: to help businesses tackle the new COVID nineteen environment UM

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Speaker 1: and and also some live potential liability reform to ensure

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Speaker 1: that businesses are protected against excessive UH non economic damages

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Speaker 1: for COVID related liability. And then also we do want

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Speaker 1: to make sure, especially as the labor market continues to recover,

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Speaker 1: that we're striking the right balance between income replacement on

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Speaker 1: the one hand and ensuring that we don't have excessively

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Speaker 1: high implicit tax rates on the return to work on

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Speaker 1: the other hand. You know, I think that's really that's

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Speaker 1: the point I want to pick up on, is that

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Speaker 1: is that increased taxes, especially for individuals when they return

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Speaker 1: to work. You know, the unemployment benefits are are set

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Speaker 1: to end, the extra unemployment benefits are set to end

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Speaker 1: at the end of the month July. What do you

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Speaker 1: think is going to be done with stimulus and unemployment benefits? Right? So,

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Speaker 1: I think during the depths of the crisis of when

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Speaker 1: we think back to the April um you know, this

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Speaker 1: was the worst economic shock to the U. S economy

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Speaker 1: since since at least the nineteen thirties, and when we

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Speaker 1: look at all the economic indicators, I mean, it was

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Speaker 1: on track to be a really devastating economic contraction. And

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Speaker 1: so with a view to the fact that household spending

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Speaker 1: is the U. S economy, I think at the time

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Speaker 1: it was very important that we've made sure to really

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Speaker 1: buffer household incomes um and and make sure that we

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Speaker 1: didn't see a collapse in consumer spending. And so one

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Speaker 1: of the things about the the the expanded unemployment insurance

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Speaker 1: benefits and the rebate checks is that they were very

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Speaker 1: much targeted towards the lower end of the income distribution.

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Speaker 1: So when you look at the months of household income

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Speaker 1: replaced by the Kresak provisions, they were very much geared

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Speaker 1: towards the lower end of the income to atribution. So

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Speaker 1: I think in any any future rounds of discussions with

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Speaker 1: with Congress, we want to, as I said, make sure

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Speaker 1: that we're we're not allowing a big blow to household

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Speaker 1: income and consequently to consumer spending, while also making sure

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Speaker 1: that we don't have really high implicit tax rates on

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Speaker 1: on that return to work. So I think, what's what's

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Speaker 1: interesting And you know this, Tyler, good speakers on the

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Speaker 1: line with us. You know, in terms of some Republicans

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Speaker 1: that I talked to, they're a bit nervous, Tyler, They're

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Speaker 1: a bit nervous that you know, yeah, yeah, increase the

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Speaker 1: unemployment benefits and folks will will be less incentivized to

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Speaker 1: go back to work. Is that a concern that the

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Speaker 1: White House has? And how do you work with policymakers

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Speaker 1: on the Hill to prevent that if that's the case? Right? So,

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Speaker 1: as I said, yeah, we definitely don't want to see uh,

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Speaker 1: implicit tax rates succeeding a percent, meaning you know, the

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Speaker 1: folks are financially better off on unemployment insurance than than

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Speaker 1: unemployment UM. And so you know, we just we we

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Speaker 1: definitely want to make sure that we strike that right balance. UM.

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Speaker 1: And so one of the things about some of the

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Speaker 1: extraordinary provisions of the CARES actors that they were set

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Speaker 1: to expire um because I think one of the lessons

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Speaker 1: we learned in the aftermath at two tho eight two

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Speaker 1: thousand nine is that when you have a lot of

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Speaker 1: high implicit tax rates on work, it can really hinder

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Speaker 1: the recovery of the labor market. And you know, until

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Speaker 1: the labor market recovers, you don't really observe a strong

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Speaker 1: recovery and the overall economy. And just a final question

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Speaker 1: for you, Hyler, good speed, and this is about small businesses.

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Speaker 1: How do we make sure that in the recovery that

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Speaker 1: Main Street is not going to be left behind? Because

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Speaker 1: when you look at you know sort of how this

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Speaker 1: is gone. It's been minority groups who economically have really

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Speaker 1: felt the brunt of this, as well as some small businesses.

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Speaker 1: So what can policymakers do to prevent that great question?

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Speaker 1: So certainly, you know, we've already seen in the CARES

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Speaker 1: that a lot of the aid, in fact, most of

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Speaker 1: the aid to businesses were two small businesses. So the

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Speaker 1: paycheck protection program that was very much geared towards small businesses.

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Speaker 1: The average loan size was just over a hundred thousand dollars,

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Speaker 1: and almost of the loans approved were for a hundred

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Speaker 1: fifty thousand or less UM. I think moving forward, you know,

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Speaker 1: we want to make sure that any any continuing support

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Speaker 1: for for businesses are are likewise targeted towards smaller firms

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Speaker 1: that you know, are have a more difficult time weathering

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Speaker 1: some of these adverse shocks. UM. And then on the

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Speaker 1: on the labor market front, you know, the faster we

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Speaker 1: can get folks back to work in a in a

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Speaker 1: safe environment, the faster we can help those at the

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Speaker 1: lower end of the income distribution. Because remember, if we

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Speaker 1: cast our minds back to February, before the pandemic really

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Speaker 1: got got under way, Uh, it was the lower end

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Speaker 1: of the income distribution that was enjoying the fastest wage growth.

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Speaker 1: African Americans were, for the first time during the receding

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Speaker 1: expansion experiencing faster wage growth than White Americans. Those without

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Speaker 1: a college degree. We're experiencing, for the first time in

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Speaker 1: the expansion, faster wage growth than those with a college degree. Um.

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Speaker 1: You know, the faster we can return to that sort

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Speaker 1: of tight labor market, I think, you know, the quicker

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Speaker 1: we can return to a state of affairs in which

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Speaker 1: those who were previously left behind during the preceding expansion

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Speaker 1: can finally enjoy the fruits of a continuing expansion. So

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Speaker 1: I think we're definitely gonna keep keep focused on facilitating

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Speaker 1: labor market recovery, because, as I said, until the labor

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Speaker 1: market recovers, we don't see, uh, we won't see a

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Speaker 1: broader economic recovery. And then just one final note, you

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Speaker 1: know we saw already in the June jobs report, job

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Speaker 1: gains for African Americans was the second highest on record.

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Speaker 1: The record was actually in februaryen following the tax tax law. Um, So,

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Speaker 1: as I said, you know, the faster we get back

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Speaker 1: to a tight growing labor market, the vaster we can

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Speaker 1: observe an overall recovery. That was my interview with Tyler Goodspeed,

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Speaker 1: acting Chairman of the Council of Economic Advisors in the

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Speaker 1: Trump administration. And coming up, we check in with Energy

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Speaker 1: Secretary dam Roulette and congress Woman Abigail Stanmburger. I'm Kevin Cereli,

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Speaker 1: chief Washington correspondent for Bloomberg TV and Radio. You're listening

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Speaker 1: to Bloomberg nine nine one. You're listening to Bloomberg Sound

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Speaker 1: On with Kevin Sirel on Bloomberg and one oh five

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Speaker 1: point seven f M h D two. I'm Kevin Cereli,

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Speaker 1: Chief Washington correspondent for Bloomberg Television and for Bloomberg Radio.

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Speaker 1: Did you see this stocks drop on corona virus spread

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Speaker 1: reading from the Bloomberg terminal. US equity slumped on concern

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Speaker 1: that a resurgence in coronavirus cases will derail the comeback

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Speaker 1: for the world's biggest economy. Oil dip below forty dollars

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Speaker 1: of barrel and treasuries jump. Meanwhile, financial companies were among

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Speaker 1: the worst performers on the SMP five hundred index, as

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Speaker 1: well as Fargo, prepared to cut thousands of jobs because

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Speaker 1: of the pandemic and the dal Jones Industrial averages loss

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Speaker 1: exceeded one point three percent, as Boeing dropped, the NaSTA

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Speaker 1: gauges advanced, as big tech stocks rose. You know, folks,

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Speaker 1: it all comes as everyone's trying to figure out the

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Speaker 1: pace of this recovery. You know, I mentioned that oil

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Speaker 1: dip below forty dollars a barrel earlier today, and the

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Speaker 1: energy market has just been really hitting at GEO getting

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Speaker 1: hit GEO politically as well as a result of the

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Speaker 1: UH COVID nineteen pandemic. And that's where I began my

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Speaker 1: interview with Secretary of Energy Damn Broulette. Take a listen

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Speaker 1: to what he told me. Mr Secretary, thanks so much

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Speaker 1: for being here. I want to get your reaction, uh

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Speaker 1: to really what's been going on at a court order

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Speaker 1: that says the Dakota Access crude oil pipeline has got

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Speaker 1: to shut down? And then you've got developers of the

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Speaker 1: Atlantic Coast gas conduits saying that they've got to cancel

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Speaker 1: the project. Are these are these types of pipelines, these

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Speaker 1: massive pipelines. Are these the thing in the past or

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Speaker 1: what has to be done in order to allow them

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Speaker 1: to be built? It was great, Hey, great to be

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Speaker 1: with you again, Kevin. I really appreciate the opportunity to

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Speaker 1: talk about these issues today. No, they're not done. Uh,

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Speaker 1: they're not dinosaurs and the things of the past. Very

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Speaker 1: disappointing news coming out of you know, the East Coast

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Speaker 1: with the Bark to the Atlantic Coast pipeline. However, so

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Speaker 1: you know, look, I understand the decision. It's an economically

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Speaker 1: rational decision. These people have spent three billion dollars over

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Speaker 1: six years. They want a Supreme Court case, and yet

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Speaker 1: they're still unable to see their way through UH to

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Speaker 1: develop this pipeline. It's very very concerning. We'll see what

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Speaker 1: the next steps are there. But I understand the decision,

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Speaker 1: while disappointing, UH, you know, I think it's probably at

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Speaker 1: this point in economically rational decision. I am not quite certain, however,

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Speaker 1: that I understand you know, what the environmental activists are

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Speaker 1: actually celebrating. Uh, you know, except for perhaps the loss

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Speaker 1: of American jobs and the uh, the loss of access

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Speaker 1: to cheap gas, cheap natural gas down in North Carolina

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Speaker 1: and other places along the pipeline, not much there to

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Speaker 1: chere about in my opinion with regard to the Dakoda

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Speaker 1: Access pipeline. We'll have to wait and see. I did

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Speaker 1: review the decision quickly. UM. I assume that the parties

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Speaker 1: that are involved with that are going to avail themselves

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Speaker 1: or whatever legal options present are presented to them. We'll

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Speaker 1: have to wait and see what those decisions are. But

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Speaker 1: it's very very important that we we take advantage of

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Speaker 1: these opportunities to create what the President calls regulatory certainty,

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Speaker 1: and he has directed me very early in this administration

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Speaker 1: and look at the regulations within the Department of Energy,

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Speaker 1: eliminate those that are redundant, are simply unnecessary, and we've

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Speaker 1: done exactly that. So we're going to continue that as

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Speaker 1: we move along. You know, even beyond that, we're staring

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Speaker 1: down Mr. Secretary, the prospects another economic stimulus ahead of

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Speaker 1: the August recess. What would you like to see included

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Speaker 1: in that? And do you think that more government aid

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Speaker 1: is going to be needed for the oil and gas

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Speaker 1: industry at this point? You know, I think I think

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Speaker 1: what's happening in the energy industry depends on what part

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Speaker 1: of the industry you're talking about, obviously, but you know,

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Speaker 1: with regard to things like oil and gas, we're seeing

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Speaker 1: demand for refined product come back in a very good way,

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Speaker 1: very aggressive way. As that demand curve continues to increase,

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Speaker 1: as people begin to get out and about, as the

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Speaker 1: economies continue to open, we're gonna see these guys do

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Speaker 1: just fine. I am so proud of this particular industry

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Speaker 1: because of the innovations that they've been able to develop

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Speaker 1: over the course of the last two three per ups

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Speaker 1: four decades that allows them to ramp up and down

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Speaker 1: their production numbers very very efficiently. So you know, I

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Speaker 1: think as we continue to open up, we're going to

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Speaker 1: have a great, great economic recovery, and energy is gonna

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Speaker 1: underpin almost all of it. And and to bring it

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Speaker 1: back to what you said, I mean, we're talking macro

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Speaker 1: right now, but to go down to the to the

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Speaker 1: localized level. For so many of these individuals, whether their

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Speaker 1: court cases or whether they're they're you know, the back

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Speaker 1: and forth what's going on on Capitol Hill. These are

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Speaker 1: jobs for many people and and and parts of the

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Speaker 1: country that have been just completely economically devastated as a

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Speaker 1: result of this pandemic. What what needs to be done

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Speaker 1: to help those refinery workers to be helped, to help

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Speaker 1: those uh, you know, drillers who want to get back

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Speaker 1: to work. Maybe they are reopening, but they're staring these

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Speaker 1: down the headlines of all of this economic uncertainty. What

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Speaker 1: needs to be done to specifically help them. We need

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Speaker 1: to continue to open up the economy. That's what's going

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Speaker 1: to help them the most. And I think the President

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Speaker 1: is very appropriately pursuing that, you know, with regard to

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Speaker 1: the other government programs, the Care's Act, the Paper Check

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Speaker 1: Protection Act, um all of those programs. I think Secretary

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Speaker 1: Manutian and others have done a great job of making

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Speaker 1: those available to the energy industry. I know that many

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Speaker 1: have taken a um taking advantage of or made the

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Speaker 1: programs available to their employees as well as the you know,

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Speaker 1: their corporate entities. We need to continue to see that

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Speaker 1: happen as we move along. But first and foremost, you know,

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Speaker 1: the demand for energy is going to fix so many

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Speaker 1: of these issues that we're dealing with right now in

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Speaker 1: the economy. And UM, I think the President has done

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Speaker 1: a great job of opening up the economy in a

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Speaker 1: way that protects the health and welfare of the American

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Speaker 1: people and creates the economic activity that we need to

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Speaker 1: see these industries survive and thrive post pandemic. On the

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Speaker 1: Dakota Access pipeline, why is that so critical at a time,

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Speaker 1: especially when there's an energy surplus surplus and depressed markets

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Speaker 1: and and along with this greater global reliance and renewable sources.

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Speaker 1: Talk to me about the CODA. Sure, well, these types

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00:23:42,760 --> 00:23:44,719
Speaker 1: of pipelines, do you think about what they're bringing in

431
00:23:44,720 --> 00:23:47,040
Speaker 1: and you think about what their purposes are? You know,

432
00:23:47,359 --> 00:23:49,960
Speaker 1: in many cases they're bringing in for instance, crude oil

433
00:23:50,080 --> 00:23:53,359
Speaker 1: that's necessary for certain refineries here in the United States.

434
00:23:53,600 --> 00:23:56,160
Speaker 1: You know, we talked about energy independence in the past,

435
00:23:56,200 --> 00:23:58,879
Speaker 1: and we talked about the fact that our production numbers

436
00:23:58,880 --> 00:24:02,119
Speaker 1: are now very very I in the United States is

437
00:24:02,240 --> 00:24:06,439
Speaker 1: in fact independent of many of the negative consequences of

438
00:24:06,520 --> 00:24:09,960
Speaker 1: being too dependent upon adversarial nations. But what happens in

439
00:24:10,119 --> 00:24:13,600
Speaker 1: trade is that certain types of oil are are very

440
00:24:13,640 --> 00:24:16,600
Speaker 1: advantageous to certain refineries. And that's what we're seeing in

441
00:24:16,640 --> 00:24:18,639
Speaker 1: the case of some of the pipelines in the Northeast.

442
00:24:18,920 --> 00:24:23,360
Speaker 1: Canada produces very heavy crude that is needed at these refineries,

443
00:24:23,359 --> 00:24:25,720
Speaker 1: so bringing it in and allowing that trade to happen

444
00:24:25,800 --> 00:24:28,240
Speaker 1: is very important. If you shut down the pipeline, you've

445
00:24:28,240 --> 00:24:31,600
Speaker 1: shut off of an avenue for a very important resource

446
00:24:31,640 --> 00:24:35,120
Speaker 1: for many parts of the country, places like Ohio, places

447
00:24:35,440 --> 00:24:38,560
Speaker 1: down in Houston, Texas, where you know, these refineries are

448
00:24:38,560 --> 00:24:40,800
Speaker 1: set up for this heavy crude. Do you think we

449
00:24:40,840 --> 00:24:43,440
Speaker 1: need to to to do something to the permitting system

450
00:24:43,640 --> 00:24:46,240
Speaker 1: and is that a congressional fix or an executive order

451
00:24:46,240 --> 00:24:49,520
Speaker 1: fix or any actions that you can take. Well, I

452
00:24:49,520 --> 00:24:51,800
Speaker 1: think I think what the President has has directed us

453
00:24:51,800 --> 00:24:54,600
Speaker 1: to do at the federal level, UH is working. So,

454
00:24:54,680 --> 00:24:57,000
Speaker 1: for instance, I'll give you just a very practical, common

455
00:24:57,000 --> 00:24:59,639
Speaker 1: sense example. You know, if we have to do an

456
00:24:59,720 --> 00:25:03,680
Speaker 1: environ mental review at the Department of Energy, for instance, UH,

457
00:25:03,840 --> 00:25:05,800
Speaker 1: as part of the permitting process for an l G

458
00:25:05,960 --> 00:25:09,119
Speaker 1: export facility, we take a very common sense step and

459
00:25:09,160 --> 00:25:11,879
Speaker 1: we said, well, has anyone else already done an environmental review?

460
00:25:12,200 --> 00:25:14,120
Speaker 1: And if the answer to that question is yes, then

461
00:25:14,119 --> 00:25:16,960
Speaker 1: we reliable on the work that's already been done, rather

462
00:25:17,040 --> 00:25:21,960
Speaker 1: than initiating a complete new process to do what other

463
00:25:22,000 --> 00:25:25,159
Speaker 1: agencies have already completed. Reliance upon their work is a

464
00:25:25,240 --> 00:25:27,760
Speaker 1: very appropriate step for us to take, and that eliminates

465
00:25:27,920 --> 00:25:32,480
Speaker 1: millions of dollars in permitting fees, legal fees, other types

466
00:25:32,520 --> 00:25:35,240
Speaker 1: of cost of these important projects. And final question for

467
00:25:35,320 --> 00:25:39,359
Speaker 1: you on earlier this week, Denmark gave the nord Stream

468
00:25:39,400 --> 00:25:43,280
Speaker 1: to permission to use pipeline vessels UH in order to

469
00:25:43,320 --> 00:25:47,919
Speaker 1: complete the final stretch of the pipeline. And this, you know,

470
00:25:48,040 --> 00:25:51,679
Speaker 1: they're saying, is only going to enhance their ability to

471
00:25:51,720 --> 00:25:56,520
Speaker 1: get Russian natural natural gas to Europe. This is becoming

472
00:25:56,560 --> 00:25:59,280
Speaker 1: more controversial, as you know, Mr Secretary, by the day,

473
00:25:59,320 --> 00:26:03,160
Speaker 1: and it really altered the political dynamics for Europe and Russia,

474
00:26:03,280 --> 00:26:09,080
Speaker 1: increasing Europe's reliance on Russian energy and therefore have us implications.

475
00:26:09,160 --> 00:26:12,439
Speaker 1: I just want to ask you where the administration is

476
00:26:12,480 --> 00:26:16,480
Speaker 1: on this standpoint, uh, in terms of Europe and Russia

477
00:26:16,560 --> 00:26:19,240
Speaker 1: and their energy reliance on each other. I think we're

478
00:26:19,240 --> 00:26:21,200
Speaker 1: in the same place that we've always been. The President

479
00:26:21,280 --> 00:26:23,359
Speaker 1: nailed it two years ago when he attended the NATO

480
00:26:23,440 --> 00:26:26,000
Speaker 1: conference and said he has a very basic question, a

481
00:26:26,080 --> 00:26:28,960
Speaker 1: very direct question. He said, you know, wait a minute,

482
00:26:29,600 --> 00:26:32,200
Speaker 1: I'm protecting you from the very people that you're buying

483
00:26:32,200 --> 00:26:34,879
Speaker 1: your energy from. Explain that to me. And he was

484
00:26:34,920 --> 00:26:39,240
Speaker 1: speaking very specifically to German and Europeans generally, so you know,

485
00:26:39,320 --> 00:26:41,879
Speaker 1: this was in the context of their contributions to NATO,

486
00:26:41,920 --> 00:26:44,800
Speaker 1: which I understand to be still somewhat deficient. So we're

487
00:26:44,840 --> 00:26:47,960
Speaker 1: going to continue our opposition to the pipeline. Uh. We

488
00:26:48,040 --> 00:26:50,199
Speaker 1: appreciate what the Danes are doing. We think it's very

489
00:26:50,200 --> 00:26:54,359
Speaker 1: important that they apply the European regulatory construct to this

490
00:26:54,440 --> 00:26:57,639
Speaker 1: particular pipeline, and we're going to continue our pressure on

491
00:26:57,800 --> 00:27:00,639
Speaker 1: them to insist that they do exactly that. That was

492
00:27:00,680 --> 00:27:05,280
Speaker 1: my interview with Energy Secretary Damn Roulette, and uh, he

493
00:27:05,400 --> 00:27:10,240
Speaker 1: of course is the Energy Secretary, UH Secretary Damn Burl

494
00:27:10,400 --> 00:27:12,719
Speaker 1: coming up. We check in with Congress Suman abigailst. Bamberger.

495
00:27:12,720 --> 00:27:14,600
Speaker 1: I'm Kevin Silly. You're listening to Bloomberg and I did

496
00:27:14,720 --> 00:27:38,240
Speaker 1: one one. This is Bloomberg's sound on with Kevin Surreley

497
00:27:38,600 --> 00:27:42,240
Speaker 1: on Bloomberg and one oh five point seven f m

498
00:27:42,359 --> 00:27:46,040
Speaker 1: h D two. They're with me, folks, My headphones fell off.

499
00:27:49,240 --> 00:27:52,560
Speaker 1: I'm Kevin Sirelli, chief Washington correspondent for Bloomberg TV and

500
00:27:52,600 --> 00:27:55,119
Speaker 1: Bloomberg Radio, working from all I don't know what just

501
00:27:55,280 --> 00:27:59,680
Speaker 1: happened with those headphones. My next guess Congress Sloman Abigail

502
00:27:59,680 --> 00:28:03,639
Speaker 1: Smam cogresswoman Democrat from Virginia, appreciate you calling it. I

503
00:28:04,640 --> 00:28:06,880
Speaker 1: guess you're back on Capitol Hill, but working from home

504
00:28:06,920 --> 00:28:11,239
Speaker 1: has probably been stressful for lawmakers to actually we are

505
00:28:11,359 --> 00:28:14,000
Speaker 1: not on uh, we are not on Capitol Hill this week.

506
00:28:14,160 --> 00:28:18,600
Speaker 1: We will be back next week. I guess it is so. Yes,

507
00:28:18,760 --> 00:28:21,320
Speaker 1: it has been give another week back in district and

508
00:28:21,320 --> 00:28:23,359
Speaker 1: then we're headed back to Washington. It's just so the

509
00:28:23,480 --> 00:28:26,560
Speaker 1: zoom between the zooms and the skypes and the next

510
00:28:26,600 --> 00:28:28,920
Speaker 1: sea calls. I mean, it's just like, all right, I

511
00:28:29,040 --> 00:28:31,560
Speaker 1: get it. We're socially distant, but you know, I can't

512
00:28:31,600 --> 00:28:33,960
Speaker 1: wait for when we get that finally get that vaccine

513
00:28:33,960 --> 00:28:35,440
Speaker 1: and we can go back to normal. I want to

514
00:28:35,440 --> 00:28:38,640
Speaker 1: get your take. Congress Woman spam Burger serves on two committees,

515
00:28:38,680 --> 00:28:41,200
Speaker 1: the US House Committee on Foreign Affairs and the US

516
00:28:41,400 --> 00:28:45,240
Speaker 1: House Committee on Agriculture. Let's start with agriculture because the

517
00:28:45,280 --> 00:28:49,720
Speaker 1: presumptive Democratic nominee, Joe Biden today unveiling his economic pitch,

518
00:28:49,760 --> 00:28:52,360
Speaker 1: and and really agriculture is such a core tenant of

519
00:28:52,440 --> 00:28:55,160
Speaker 1: this and really, I would argue could decide the election

520
00:28:55,200 --> 00:28:57,440
Speaker 1: between the U. S And China relations. What would you

521
00:28:57,560 --> 00:29:01,120
Speaker 1: hope that a Democratic Biden administration do that the Trump

522
00:29:01,120 --> 00:29:06,120
Speaker 1: administration isn't doing on agriculture, Well, there's a there's a

523
00:29:06,200 --> 00:29:08,280
Speaker 1: number of things that I would start with. First and foremost,

524
00:29:08,400 --> 00:29:12,600
Speaker 1: engaging in a needless trade war UH with one of

525
00:29:12,680 --> 00:29:16,080
Speaker 1: the primary buyers of American soybeans. I think is is

526
00:29:16,160 --> 00:29:21,640
Speaker 1: a reckless um policy choice that that doesn't help our

527
00:29:21,640 --> 00:29:25,440
Speaker 1: agricultural community. M So that's first and foremost I would

528
00:29:25,520 --> 00:29:28,960
Speaker 1: I would want a Biden administration to pursue policies that

529
00:29:29,000 --> 00:29:31,160
Speaker 1: are going to help our farmers and producers ensure that

530
00:29:31,240 --> 00:29:34,280
Speaker 1: they have access to markets to sell their goods UH,

531
00:29:34,400 --> 00:29:36,520
Speaker 1: so that they can continue to do what they love,

532
00:29:36,560 --> 00:29:38,680
Speaker 1: what they're good at, and what we need them to do.

533
00:29:38,960 --> 00:29:41,960
Speaker 1: I would also want a Biden administration to recognize the

534
00:29:42,040 --> 00:29:46,000
Speaker 1: real value UH that farmers and producers and forresters can

535
00:29:46,040 --> 00:29:48,960
Speaker 1: bring to the discussion related to global climate change. I

536
00:29:49,160 --> 00:29:51,440
Speaker 1: just introduced the bill in the House. We've got a

537
00:29:51,560 --> 00:29:54,800
Speaker 1: companion bill in the Senate that was introduced by Senators

538
00:29:54,880 --> 00:29:58,720
Speaker 1: Braun and stab and now called the Growing Climate Solutions Acts.

539
00:29:58,800 --> 00:30:03,000
Speaker 1: And this act for this is on lowering carbon admission,

540
00:30:03,040 --> 00:30:06,240
Speaker 1: getting to not zero carbon emission by bringing UH in

541
00:30:06,280 --> 00:30:09,680
Speaker 1: a formalized way, our farmers and producers and foresters to

542
00:30:09,920 --> 00:30:13,320
Speaker 1: the table to talk about what is it that agriculture

543
00:30:13,400 --> 00:30:17,000
Speaker 1: is doing to capture carbon and to sequester your carbon.

544
00:30:17,080 --> 00:30:19,040
Speaker 1: And it's a big part of the discussion. It should

545
00:30:19,080 --> 00:30:23,440
Speaker 1: be as it relates to climate change, UM and environmental policy.

546
00:30:24,000 --> 00:30:26,240
Speaker 1: And then you know, I think that there's issues related

547
00:30:26,280 --> 00:30:30,480
Speaker 1: to larger infrastructure, broadband internet. As I had one farmer

548
00:30:30,560 --> 00:30:32,680
Speaker 1: in my district tell me, farmers are the original work

549
00:30:32,760 --> 00:30:36,239
Speaker 1: at home folks, and you know they communicate with their

550
00:30:36,280 --> 00:30:39,360
Speaker 1: buyers and with their vendors and with the repair folks

551
00:30:39,480 --> 00:30:42,360
Speaker 1: for their heavy machinery using the Internet, and so many

552
00:30:42,440 --> 00:30:45,360
Speaker 1: of our rural communities and our agricultural communities don't have

553
00:30:45,440 --> 00:30:48,920
Speaker 1: access to Internet. We in the House actually just passed

554
00:30:49,440 --> 00:30:52,120
Speaker 1: a hundred billion dollar bill as part of the larger

555
00:30:52,200 --> 00:30:56,480
Speaker 1: infrastructure package that would essentially deliver internet nation, you know,

556
00:30:56,560 --> 00:31:00,840
Speaker 1: across the nation coast to coast. My expectation is inference, Uh,

557
00:31:00,840 --> 00:31:02,960
Speaker 1: if that's where we end up when it comes to infrastructure,

558
00:31:03,040 --> 00:31:05,400
Speaker 1: that that might there might be some shifts and some changes,

559
00:31:05,600 --> 00:31:08,280
Speaker 1: but I think it speaks to the fact that, uh,

560
00:31:08,600 --> 00:31:11,200
Speaker 1: we need to no longer just look at infrastructure as

561
00:31:11,280 --> 00:31:13,560
Speaker 1: the roads and bridges across which our products and our

562
00:31:13,600 --> 00:31:16,560
Speaker 1: people go, but in fact also the digital highway that

563
00:31:16,640 --> 00:31:19,520
Speaker 1: are you know, our information and our orders and our

564
00:31:19,600 --> 00:31:23,600
Speaker 1: business is also conducted. And of course there's other elements

565
00:31:23,640 --> 00:31:26,840
Speaker 1: to the prog band discussion related to education, healthcare, But

566
00:31:26,920 --> 00:31:28,960
Speaker 1: to answer your question related to agriculture, I think those

567
00:31:28,960 --> 00:31:31,000
Speaker 1: are the kind of the three pillars that I would

568
00:31:31,000 --> 00:31:33,680
Speaker 1: want to see from a Biden administration. Cares some of

569
00:31:33,720 --> 00:31:36,120
Speaker 1: Abigails band burgers On she served in the CIA prior

570
00:31:36,240 --> 00:31:38,880
Speaker 1: to serving in Congress. She's a Democrat from Virginia. I

571
00:31:38,920 --> 00:31:41,760
Speaker 1: want to pick it up on something that you had mentioned, Congresswoman,

572
00:31:41,840 --> 00:31:46,120
Speaker 1: with regards to infrastructure, digital infrastructure so crucially important. You

573
00:31:46,240 --> 00:31:48,560
Speaker 1: represent a rural district, many of your colleagues in the

574
00:31:48,600 --> 00:31:51,680
Speaker 1: House represent parts of cities, and this is the one

575
00:31:51,720 --> 00:31:54,640
Speaker 1: thing rural and urban community share in common, is that

576
00:31:54,760 --> 00:31:58,600
Speaker 1: access to UH, to broadband and to digital infrastructure. And

577
00:31:58,640 --> 00:32:02,520
Speaker 1: there's a national security element here, especially as the Chinese

578
00:32:02,600 --> 00:32:05,120
Speaker 1: are trying to to steal away some U S allies

579
00:32:05,160 --> 00:32:07,560
Speaker 1: and get them dependent upon five G networks, you know,

580
00:32:07,640 --> 00:32:10,120
Speaker 1: run by Huawei and the likes. What where do you

581
00:32:10,200 --> 00:32:14,360
Speaker 1: think US policy reguards to China goes in a Biden administration?

582
00:32:14,360 --> 00:32:16,600
Speaker 1: And then I want to ask you about your hearing today. Well,

583
00:32:16,680 --> 00:32:20,120
Speaker 1: so I actually um, and this wasn't a plan that question.

584
00:32:20,160 --> 00:32:21,640
Speaker 1: I'm glad you to bring this one up because I

585
00:32:21,720 --> 00:32:24,600
Speaker 1: actually had a bill. My bill that was assigned in

586
00:32:24,640 --> 00:32:27,920
Speaker 1: the Law of in March of this year focus on

587
00:32:28,040 --> 00:32:32,320
Speaker 1: five G technology and countering threats from foreign producers and

588
00:32:32,360 --> 00:32:35,520
Speaker 1: delivers of five G technology. UH. It's applied across the

589
00:32:35,600 --> 00:32:38,600
Speaker 1: board to any foreign producers of these technology. But of course,

590
00:32:38,680 --> 00:32:40,920
Speaker 1: when we look at the real challenges posed by Huawei

591
00:32:41,040 --> 00:32:44,680
Speaker 1: and Zte, two Chinese companies. Given the close relationship of

592
00:32:45,000 --> 00:32:48,680
Speaker 1: the Chinese government in military and intel services to those companies,

593
00:32:49,000 --> 00:32:52,480
Speaker 1: you know, there's some real threats to our our digital infrastructure,

594
00:32:52,640 --> 00:32:55,440
Speaker 1: and so you know, part of what my abilities fourth

595
00:32:55,560 --> 00:33:00,800
Speaker 1: is a requirement that the administration developed plan for how

596
00:33:00,960 --> 00:33:05,520
Speaker 1: we can protect ourselves and American information and privacy, but

597
00:33:05,640 --> 00:33:08,840
Speaker 1: how we can also make a plan to compete UM

598
00:33:09,000 --> 00:33:12,240
Speaker 1: and ensure that there are American options are certainly options

599
00:33:12,280 --> 00:33:15,320
Speaker 1: that we don't deemed to be a national security threat

600
00:33:15,800 --> 00:33:18,400
Speaker 1: UH in the in the realm of five G advancements,

601
00:33:18,840 --> 00:33:21,880
Speaker 1: so that those advancements are available to US consumers without

602
00:33:21,920 --> 00:33:25,000
Speaker 1: potentially risking their data and their privacy. And then to

603
00:33:25,080 --> 00:33:28,800
Speaker 1: a larger degree, I would like to see the Biden

604
00:33:28,840 --> 00:33:33,720
Speaker 1: administration take a to take a strong stance UM, you know,

605
00:33:33,880 --> 00:33:38,240
Speaker 1: focused on developing UM, you know, an understanding with China.

606
00:33:38,520 --> 00:33:41,960
Speaker 1: There's been so much challenge restantly related to COVID nineteen

607
00:33:42,000 --> 00:33:45,280
Speaker 1: and the COVID nineteen pandemic. I think what's getting lost

608
00:33:45,320 --> 00:33:48,400
Speaker 1: in the conversation at times is that you know, historically,

609
00:33:48,440 --> 00:33:50,800
Speaker 1: we know that China is not always forthright with information.

610
00:33:50,880 --> 00:33:53,320
Speaker 1: It's the very nature of their government. Um And we

611
00:33:53,480 --> 00:33:56,800
Speaker 1: have previously relied on our liaison relationships and our diplomatic

612
00:33:56,840 --> 00:34:00,200
Speaker 1: relationships with other partner nations, and our own intel and

613
00:34:00,280 --> 00:34:02,600
Speaker 1: services to kind of get a better idea of maybe

614
00:34:02,680 --> 00:34:04,840
Speaker 1: what's happening on the ground in China. That's why we

615
00:34:04,960 --> 00:34:09,320
Speaker 1: had uh, you know, formerly the predict entity on the

616
00:34:09,360 --> 00:34:12,120
Speaker 1: ground in China to help predict future pandemics. That's why

617
00:34:12,160 --> 00:34:13,960
Speaker 1: we had physicians on the ground and will want to

618
00:34:14,880 --> 00:34:17,879
Speaker 1: until they were pulled out by the Trump administration. Administration

619
00:34:17,960 --> 00:34:21,920
Speaker 1: recognizing that the government of China is not always forthcoming

620
00:34:22,000 --> 00:34:25,040
Speaker 1: with information. Um And I think we have to, you know,

621
00:34:25,160 --> 00:34:27,759
Speaker 1: be I would want the Biden administration to be eyes

622
00:34:27,800 --> 00:34:30,760
Speaker 1: wide open about the challenges that that China does present,

623
00:34:31,160 --> 00:34:35,040
Speaker 1: be a government, government, or engagement or certainly in the

624
00:34:35,120 --> 00:34:38,239
Speaker 1: economic realm. Congresswoman abigail's Fanberger joined us, I got two

625
00:34:38,280 --> 00:34:39,719
Speaker 1: more questions for you. We got two minutes left. I

626
00:34:39,719 --> 00:34:41,120
Speaker 1: want to get them both. Then you are at of

627
00:34:41,160 --> 00:34:43,400
Speaker 1: hearing today on the House Foreign Affairs Committee, and it

628
00:34:43,480 --> 00:34:47,440
Speaker 1: focused on Russia and Afghanistan. Secretary Pumpo declined to attend

629
00:34:47,480 --> 00:34:50,520
Speaker 1: this hearing. What did you learn from this hearing? So

630
00:34:50,920 --> 00:34:53,000
Speaker 1: the hearing I thought was very valuable because we were

631
00:34:53,000 --> 00:34:56,080
Speaker 1: talking about many of the same issues. Primarily we were

632
00:34:56,120 --> 00:34:59,160
Speaker 1: talking about the allegations of Russian bounties on the head

633
00:34:59,200 --> 00:35:02,680
Speaker 1: of US service members. UH. There were a couple opportunities

634
00:35:02,840 --> 00:35:06,240
Speaker 1: for former members of the intelligence community to really clear

635
00:35:06,360 --> 00:35:09,440
Speaker 1: the air on what it is if information is of

636
00:35:09,560 --> 00:35:11,919
Speaker 1: the level that it gets into the PDB. Of course,

637
00:35:11,960 --> 00:35:14,719
Speaker 1: as a former intelligence officer, UM, I was aware of

638
00:35:14,800 --> 00:35:17,320
Speaker 1: some of these threshold but listening to a former director

639
00:35:17,800 --> 00:35:20,600
Speaker 1: UH Mike Morrel talked about the fact that information that

640
00:35:20,719 --> 00:35:23,279
Speaker 1: goes into the PDB is there because it is deemed

641
00:35:23,320 --> 00:35:26,719
Speaker 1: to be of that most UH, of that high level importance.

642
00:35:27,160 --> 00:35:29,759
Speaker 1: We had a number of different conversations related to what

643
00:35:29,960 --> 00:35:34,399
Speaker 1: should our reaction be. UM. Everybody of the witnesses seem

644
00:35:34,440 --> 00:35:37,640
Speaker 1: to be in very clear agreement, or at least agreement,

645
00:35:38,239 --> 00:35:43,120
Speaker 1: that we should be presenting a strong, unified UM response

646
00:35:43,200 --> 00:35:46,520
Speaker 1: to these allegations. Those who wish to caveat them, depending

647
00:35:46,600 --> 00:35:49,880
Speaker 1: upon UH, you know, in in in pursuit of additional

648
00:35:49,960 --> 00:35:53,759
Speaker 1: information to perhaps provide more verification of these allegations, can

649
00:35:53,800 --> 00:35:56,800
Speaker 1: caveat them and say, you know, if these allegations are true,

650
00:35:57,160 --> 00:36:02,160
Speaker 1: then but the denunciation of of what Russia has done

651
00:36:02,320 --> 00:36:04,680
Speaker 1: needs to be clear, it needs to be pronounced, and

652
00:36:04,760 --> 00:36:07,279
Speaker 1: it needs to be unequivocal. And that's not what we

653
00:36:07,360 --> 00:36:10,720
Speaker 1: have seen from this administration. Actually, as our hearing was occurring,

654
00:36:11,320 --> 00:36:14,680
Speaker 1: UM in the Foreign Affairs Committee, the Armed Services Committee

655
00:36:14,760 --> 00:36:17,840
Speaker 1: was having a concurrent committee hearing, and they had Secretary

656
00:36:17,840 --> 00:36:20,479
Speaker 1: of Defense as for their who said that he didn't

657
00:36:20,520 --> 00:36:23,800
Speaker 1: recall ever being briefed on something related to the word bounty,

658
00:36:24,160 --> 00:36:28,200
Speaker 1: you know, and a mincing of words. Any situation in

659
00:36:28,239 --> 00:36:31,360
Speaker 1: which the Russian government is doling out dollars for dat Americans.

660
00:36:31,560 --> 00:36:33,200
Speaker 1: You can call it what you want, but I call

661
00:36:33,239 --> 00:36:37,280
Speaker 1: it egregious and horrible, and it should face the aggressive

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00:36:37,320 --> 00:36:40,719
Speaker 1: denunciation of the United States government. UM. And so among

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00:36:40,800 --> 00:36:42,800
Speaker 1: these of the things that we were talking about in

664
00:36:42,920 --> 00:36:45,240
Speaker 1: this hearing was how do we put pressure on Russians,

665
00:36:45,560 --> 00:36:48,759
Speaker 1: how do we leverage our asymmetric advantages, and how do

666
00:36:48,840 --> 00:36:52,120
Speaker 1: we make our pressure comprehensive and on the Russian people,

667
00:36:52,200 --> 00:36:55,399
Speaker 1: because that's really when Vladimir Putin will start to make

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00:36:55,440 --> 00:36:59,640
Speaker 1: some changes potentially in his behavior. We've got to leave

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00:36:59,640 --> 00:37:04,000
Speaker 1: it there. Congresswoman Abigail Spanberger, Democrat from Virginia. Thanks so

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00:37:04,080 --> 00:37:04,799
Speaker 1: much for joining us