1
00:00:01,639 --> 00:00:07,240
Speaker 1: Now from our nation's capital. This is Bloomberg Sound On Rightly.

2
00:00:07,240 --> 00:00:10,920
Speaker 1: What we need is more border patrol agents securing America's border,

3
00:00:11,240 --> 00:00:13,760
Speaker 1: not I R S agents going after hard working families

4
00:00:13,760 --> 00:00:16,119
Speaker 1: in America. The real reason they're passing this bill is

5
00:00:16,160 --> 00:00:19,279
Speaker 1: to protect wealthy tax cheats like the former president. What's

6
00:00:19,360 --> 00:00:23,160
Speaker 1: next a rule requiring we all wear tinfoil at Bloomberg

7
00:00:23,320 --> 00:00:27,880
Speaker 1: Sound On Politics, Policy and Perspective from DC's top names.

8
00:00:28,000 --> 00:00:31,040
Speaker 1: Too little, too late is right. This is an administration

9
00:00:31,120 --> 00:00:33,320
Speaker 1: who knew when they were coming in that they had

10
00:00:33,320 --> 00:00:35,520
Speaker 1: a crisis on the board. This is an issue that

11
00:00:35,640 --> 00:00:40,720
Speaker 1: has disrupted and vexed Washington. President's going back decades. Bloomberg

12
00:00:40,920 --> 00:00:46,120
Speaker 1: Sound On with Joe Matthew on Bloomberg Radio, the Three

13
00:00:46,159 --> 00:00:49,080
Speaker 1: Amigos meets on the border and the economy. Will it

14
00:00:49,159 --> 00:00:51,920
Speaker 1: make a difference? Though. Welcome to the fastest hour in politics.

15
00:00:51,920 --> 00:00:55,920
Speaker 1: As President Biden wraps the summit in Mexico City, we'll

16
00:00:55,960 --> 00:00:59,160
Speaker 1: talk deliverables with Lester Munson of v g R Group,

17
00:00:59,200 --> 00:01:02,120
Speaker 1: former staffed rector of the Senate Foreign Relations Committee as

18
00:01:02,120 --> 00:01:05,920
Speaker 1: we prepare for the Tribe Lateral news conference to begin,

19
00:01:06,040 --> 00:01:09,040
Speaker 1: Get your questions handy and as new rules are passed

20
00:01:09,040 --> 00:01:12,160
Speaker 1: by Republicans in the House, Speaker McCarthy makes good. I'm

21
00:01:12,160 --> 00:01:14,320
Speaker 1: a promise to cut funding for the i r S,

22
00:01:14,680 --> 00:01:17,600
Speaker 1: even if it means ballooning the deficit. We'll have more

23
00:01:17,640 --> 00:01:20,880
Speaker 1: on that move with Bloomberg's Laura Davison, and as classified

24
00:01:20,880 --> 00:01:24,120
Speaker 1: documents are found at President Biden's old office, we'll have

25
00:01:24,160 --> 00:01:26,520
Speaker 1: our signature panel weigh in on this and all of

26
00:01:26,560 --> 00:01:30,000
Speaker 1: our stories for the full hour. Bloomberg Politics contributors Jeanie

27
00:01:30,080 --> 00:01:32,800
Speaker 1: Chanzano and Rick Davis are with us. We're waiting on

28
00:01:32,840 --> 00:01:35,560
Speaker 1: President Biden and the leaders of Canada and Mexico here

29
00:01:35,560 --> 00:01:39,320
Speaker 1: to emerge from the North American Leader's summit. The staging

30
00:01:39,560 --> 00:01:42,200
Speaker 1: is now set here for a trilateral news conference that

31
00:01:42,240 --> 00:01:45,039
Speaker 1: will bring this whole thing to a closed. Biden, Mexico,

32
00:01:45,080 --> 00:01:49,559
Speaker 1: President Lopez overdouring Canadian Prime Minister Justin Trudeau. We're looking

33
00:01:49,600 --> 00:01:52,640
Speaker 1: at three party at two sets of flags, set before

34
00:01:52,720 --> 00:01:56,280
Speaker 1: a massive group of reporters at the National Palace in

35
00:01:56,400 --> 00:01:59,240
Speaker 1: Mexico City. When it begins, of course, we'll bring it

36
00:01:59,280 --> 00:02:01,560
Speaker 1: to you live press it and Biden has been in

37
00:02:01,640 --> 00:02:03,880
Speaker 1: Mexico City for two days now. We met yesterday with

38
00:02:03,880 --> 00:02:08,519
Speaker 1: President Lopez over dooring today with Prime Minister Trudeau. Ahead

39
00:02:08,520 --> 00:02:10,480
Speaker 1: of the summit, Biden spoke to reporters. They had a

40
00:02:10,480 --> 00:02:12,839
Speaker 1: little bilateral meeting. They let the pool in here, talked

41
00:02:12,880 --> 00:02:15,280
Speaker 1: about the issues on the agenda. Here he is together,

42
00:02:15,560 --> 00:02:18,880
Speaker 1: I think we're achieving some really significant things. Today. We're

43
00:02:18,880 --> 00:02:24,080
Speaker 1: going to discuss how we can try to help stabilize Haiti,

44
00:02:24,440 --> 00:02:29,320
Speaker 1: how we can deal with migration and UH and at

45
00:02:29,320 --> 00:02:33,160
Speaker 1: the same time both to our national securities. Now, of course, UH.

46
00:02:33,440 --> 00:02:36,120
Speaker 1: Following the bilateral they went on to the actual summit.

47
00:02:36,160 --> 00:02:39,079
Speaker 1: Has been many, many hours of talks. So the fact

48
00:02:39,120 --> 00:02:41,520
Speaker 1: that they're late, uh, you know, I guess it's pretty

49
00:02:41,520 --> 00:02:43,839
Speaker 1: significant because they've been into some pretty heavy issues here.

50
00:02:43,840 --> 00:02:46,920
Speaker 1: Justin Trudeau spoke to reporters as well about the stakes

51
00:02:47,080 --> 00:02:50,200
Speaker 1: of the summit. Here is North America is the largest

52
00:02:50,400 --> 00:02:53,520
Speaker 1: free trading block in the world, larger even than the

53
00:02:53,560 --> 00:02:58,880
Speaker 1: European Union. We have a tremendous amount to contribute to

54
00:02:58,880 --> 00:03:03,480
Speaker 1: the world, UH and good services, but also technologies and

55
00:03:03,600 --> 00:03:07,079
Speaker 1: solutions of the world really needs be interesting to hear

56
00:03:07,080 --> 00:03:10,239
Speaker 1: the questions. Typically the way this works for for a

57
00:03:10,919 --> 00:03:15,040
Speaker 1: news conference with more than one foreign leader. In this case,

58
00:03:15,120 --> 00:03:19,440
Speaker 1: we've got threes. They'll each take two questions, so we

59
00:03:19,520 --> 00:03:22,440
Speaker 1: could have once this starts a conversation a half hour

60
00:03:22,520 --> 00:03:24,920
Speaker 1: the better part of an hour, and will be of

61
00:03:24,960 --> 00:03:27,120
Speaker 1: course bringing you the important stuff here at least when

62
00:03:27,120 --> 00:03:29,360
Speaker 1: we hear from President Biden. When they get to these questions,

63
00:03:29,400 --> 00:03:32,120
Speaker 1: they'll likely make some opening remarks and so forth. But

64
00:03:32,200 --> 00:03:34,520
Speaker 1: we want to talk about this before it begins with

65
00:03:34,600 --> 00:03:36,200
Speaker 1: Lester months and I'm glad to see as with US

66
00:03:36,240 --> 00:03:39,200
Speaker 1: principle at government relations from bg our Group, former staff

67
00:03:39,240 --> 00:03:42,760
Speaker 1: director of the Senate Foreign Relations Committee, and no stranger

68
00:03:42,840 --> 00:03:45,720
Speaker 1: to moments like these, Leicster, thank you for being here.

69
00:03:45,760 --> 00:03:48,560
Speaker 1: There's been a lot of talk, especially following President Biden's

70
00:03:48,560 --> 00:03:52,119
Speaker 1: trip to El Paso, about immigration reform, and this new

71
00:03:52,120 --> 00:03:55,000
Speaker 1: Republican Leadhouse has been advancing the ball on that at

72
00:03:55,040 --> 00:03:59,160
Speaker 1: least in terms of the zeitgeist over the last week

73
00:03:59,280 --> 00:04:02,680
Speaker 1: or so since since they've been in the chamber here.

74
00:04:03,600 --> 00:04:07,680
Speaker 1: How much does President Biden need to speak to progress

75
00:04:07,720 --> 00:04:11,960
Speaker 1: on that issue today? Well, I think he needs to

76
00:04:12,080 --> 00:04:15,480
Speaker 1: look like he is taking action and he is dealing

77
00:04:15,520 --> 00:04:17,880
Speaker 1: with this problem. This is the issue he pulls the

78
00:04:17,920 --> 00:04:23,200
Speaker 1: lowest on UH in an issue oriented polls. Folks don't

79
00:04:23,200 --> 00:04:25,120
Speaker 1: think he's doing a great job with the situation at

80
00:04:25,120 --> 00:04:28,279
Speaker 1: the border. So, you know, I suppose at a political level,

81
00:04:28,880 --> 00:04:32,680
Speaker 1: political level, kudos to President Biden and his team for

82
00:04:32,880 --> 00:04:36,840
Speaker 1: exploiting the kind of the chaos with Congressional Republicans to

83
00:04:36,920 --> 00:04:39,279
Speaker 1: kind of make some news on this issue. I think

84
00:04:39,400 --> 00:04:42,000
Speaker 1: Congress Congress, you know, is going to dive into the

85
00:04:42,040 --> 00:04:44,880
Speaker 1: details on what these policies are going to be about

86
00:04:45,560 --> 00:04:47,840
Speaker 1: these changes and things like that. They're going to take

87
00:04:47,839 --> 00:04:51,760
Speaker 1: a hard look at commitments made in Mexico during the summit,

88
00:04:52,200 --> 00:04:53,919
Speaker 1: and and then and so we'll get like kind of

89
00:04:53,960 --> 00:04:56,320
Speaker 1: a like a knock on effect later, but right now,

90
00:04:56,400 --> 00:04:58,719
Speaker 1: good for good for the president for at least looking

91
00:04:58,839 --> 00:05:01,520
Speaker 1: like he is diving on an issue that's actually been

92
00:05:01,520 --> 00:05:03,720
Speaker 1: pretty tough for him to take on. You know, how

93
00:05:03,720 --> 00:05:06,800
Speaker 1: these things go less typically, the agreements are made, the

94
00:05:06,839 --> 00:05:10,560
Speaker 1: commitments are made before the summit, you get a lot

95
00:05:10,600 --> 00:05:13,800
Speaker 1: of news coverage, and people kind of know what to

96
00:05:13,920 --> 00:05:17,920
Speaker 1: expect when when that final statement comes out. In this case,

97
00:05:18,560 --> 00:05:21,040
Speaker 1: there were some eyebrows raised when when there was no

98
00:05:21,080 --> 00:05:24,960
Speaker 1: commitment on Fentinel specifically, which is something we hear about

99
00:05:25,560 --> 00:05:28,920
Speaker 1: as a specific issue from Republicans in Washington a lot.

100
00:05:28,960 --> 00:05:32,840
Speaker 1: Is that a loss or we're gonna hear something new today. Yeah.

101
00:05:32,839 --> 00:05:35,320
Speaker 1: I think the Sentinel issue part of part of the

102
00:05:35,360 --> 00:05:38,760
Speaker 1: border control issue, part of this broader issue of the

103
00:05:38,800 --> 00:05:42,240
Speaker 1: war on drugs, which is which has been a main

104
00:05:42,360 --> 00:05:45,919
Speaker 1: component of our dealings with Latin America and Amlo. You know,

105
00:05:45,960 --> 00:05:49,720
Speaker 1: President of Mexico yesterday was chastising Biden for for the

106
00:05:49,839 --> 00:05:55,360
Speaker 1: US not investing in Latin America and we've got a disdain. Yeah, well, tough, folks. Well,

107
00:05:55,400 --> 00:05:57,840
Speaker 1: our focus for aid in Latin America has been on

108
00:05:58,040 --> 00:06:01,159
Speaker 1: the war on drugs in the large metal sure, the

109
00:06:01,200 --> 00:06:04,880
Speaker 1: stuff coming out of Columbia and neighboring countries has been

110
00:06:04,920 --> 00:06:08,120
Speaker 1: a real concern of the United States. So so Joe Biden.

111
00:06:08,200 --> 00:06:10,479
Speaker 1: President Biden's got to find a way to deal with

112
00:06:10,520 --> 00:06:14,160
Speaker 1: this US national interest of drugs coming across the border.

113
00:06:14,240 --> 00:06:17,599
Speaker 1: Now it's Stettinel that's the big concern. And also find

114
00:06:17,600 --> 00:06:20,279
Speaker 1: a way to open up to regional leaders, some of

115
00:06:20,320 --> 00:06:22,159
Speaker 1: whom are moving off to the left, and it's going

116
00:06:22,200 --> 00:06:24,160
Speaker 1: to be a little hard to corral them, but he

117
00:06:24,240 --> 00:06:25,680
Speaker 1: needs to find a way to deal with them in

118
00:06:25,680 --> 00:06:28,680
Speaker 1: a constructive way. That's that's the best way to deal

119
00:06:28,720 --> 00:06:32,080
Speaker 1: with the China threat. We need ally shoring, year shoring

120
00:06:32,120 --> 00:06:34,960
Speaker 1: stuff like that. We need Mexico's collaboration on that. So

121
00:06:35,000 --> 00:06:36,719
Speaker 1: this is a lot. This is a tough there's a

122
00:06:36,720 --> 00:06:38,800
Speaker 1: tough nut for the president. Well, you know, there were

123
00:06:39,000 --> 00:06:41,440
Speaker 1: I assume if there's some good news for him here

124
00:06:41,800 --> 00:06:45,599
Speaker 1: beyond anything we've discussed already at Semiconductors, to get the

125
00:06:45,600 --> 00:06:48,279
Speaker 1: three leaders together on this and maybe have some some

126
00:06:48,480 --> 00:06:51,520
Speaker 1: on shoring sharing if I could, if you know, imagine

127
00:06:51,520 --> 00:06:54,800
Speaker 1: a world in which we build a foundry in Arizona

128
00:06:54,880 --> 00:06:57,480
Speaker 1: and there's a parts plant on the other side of

129
00:06:57,520 --> 00:07:00,880
Speaker 1: the border. That's the kind of cooperation and where we

130
00:07:00,920 --> 00:07:05,000
Speaker 1: actually would be better competing with China. Right, that's right,

131
00:07:05,080 --> 00:07:07,200
Speaker 1: And I think it's good news for the US. We've

132
00:07:07,200 --> 00:07:11,360
Speaker 1: been stuck in this anti free trade ethos for several

133
00:07:11,440 --> 00:07:14,600
Speaker 1: years now in both parties frankly, and if we can

134
00:07:14,760 --> 00:07:16,480
Speaker 1: use this as a way to kind of open up

135
00:07:16,480 --> 00:07:19,840
Speaker 1: a little bit at least two other countries that are nearby,

136
00:07:20,080 --> 00:07:23,400
Speaker 1: countries that are ideologically aligned with us, that's good. I

137
00:07:23,440 --> 00:07:25,360
Speaker 1: would like to see sp can kind of break out

138
00:07:25,360 --> 00:07:28,040
Speaker 1: of a fortress America thinking and started thinking about what

139
00:07:28,080 --> 00:07:31,000
Speaker 1: can we do constructively with Mexico and with Canada and

140
00:07:31,080 --> 00:07:34,480
Speaker 1: other countries in the hemisphere that you know, we should

141
00:07:34,520 --> 00:07:38,320
Speaker 1: be working more closely with. There are typically uh you know,

142
00:07:38,760 --> 00:07:40,560
Speaker 1: well they have a family photo at the end of

143
00:07:40,600 --> 00:07:42,600
Speaker 1: summits like these and that you know, that's that's why

144
00:07:42,640 --> 00:07:44,920
Speaker 1: we call them photo ops. Is this going to go

145
00:07:44,960 --> 00:07:48,080
Speaker 1: down as such or actually a productive conversation to the Leicester,

146
00:07:49,680 --> 00:07:52,200
Speaker 1: I think it's going to be a productive conversation. This

147
00:07:52,440 --> 00:07:55,600
Speaker 1: you know, um, someone who was saying earlier you know that,

148
00:07:55,640 --> 00:07:57,960
Speaker 1: I think it was justin Trudeau. This is the biggest

149
00:07:57,960 --> 00:08:00,160
Speaker 1: trading block in the world, the biggest free trading out

150
00:08:00,160 --> 00:08:02,400
Speaker 1: in the world. That's true. We have a lot in common.

151
00:08:03,040 --> 00:08:06,920
Speaker 1: There is some dynamism in Mexico, there's uh, you know,

152
00:08:07,040 --> 00:08:09,320
Speaker 1: there's of course the biggest market in the world in

153
00:08:09,320 --> 00:08:11,520
Speaker 1: the United States. We have a lot. We do have

154
00:08:11,560 --> 00:08:14,240
Speaker 1: a lot of assets. We're gonna argue about a lot

155
00:08:14,280 --> 00:08:17,200
Speaker 1: of stuff. There's no doubt our interest totally aligned. But

156
00:08:17,240 --> 00:08:20,040
Speaker 1: at the end of the day, the prosperity, the prosperity

157
00:08:20,080 --> 00:08:23,520
Speaker 1: is so large and so pervasive across the continent and

158
00:08:23,640 --> 00:08:26,600
Speaker 1: even further south that that I think they can't help

159
00:08:26,600 --> 00:08:29,280
Speaker 1: but make some progressor what does China, What does Beijing

160
00:08:29,320 --> 00:08:33,520
Speaker 1: think of this con fab here today. Well, you know,

161
00:08:33,600 --> 00:08:36,880
Speaker 1: they're they're probably a little more focused on their own

162
00:08:36,920 --> 00:08:40,640
Speaker 1: problems at home. Their economy is really struggling. They're uh,

163
00:08:40,880 --> 00:08:43,800
Speaker 1: they're going from zero COVID to a hundred COVID in

164
00:08:43,800 --> 00:08:47,040
Speaker 1: about five seconds. Uh. Is kind of got the world

165
00:08:47,080 --> 00:08:49,320
Speaker 1: a little bit rattled. And so I think I think

166
00:08:49,400 --> 00:08:52,840
Speaker 1: j and Payne looks across the Pacific sees Joe Biden

167
00:08:52,920 --> 00:08:57,000
Speaker 1: doing fairly routine but important diplomacy, and he's like, Gosh,

168
00:08:57,040 --> 00:08:59,720
Speaker 1: I wish I could be doing that, And that's something

169
00:08:59,800 --> 00:09:02,440
Speaker 1: less Thanks for coming in lester months and be curious

170
00:09:02,480 --> 00:09:04,400
Speaker 1: to hear your thoughts on what we do learn today

171
00:09:04,400 --> 00:09:07,280
Speaker 1: from b GR group. Spent some time a staff director

172
00:09:07,320 --> 00:09:09,920
Speaker 1: the Senate Foreign Relations Committee and has certainly been exposed

173
00:09:10,559 --> 00:09:12,360
Speaker 1: to these topics for a lot of years. As we

174
00:09:12,400 --> 00:09:15,679
Speaker 1: assemble our panel, Rick Davis and Jeannie Chanzano or here

175
00:09:15,679 --> 00:09:18,600
Speaker 1: Bloomberg Politics contributors reminding, if you're just joining us, we're

176
00:09:18,600 --> 00:09:23,319
Speaker 1: gonna have this news conference trilateral Biden, Trudeau, Lopez Obrador

177
00:09:23,360 --> 00:09:26,000
Speaker 1: as soon as it begins from Mexico City. We talked

178
00:09:26,000 --> 00:09:30,720
Speaker 1: about a number of these issues with the panel yesterday, Genie,

179
00:09:30,800 --> 00:09:33,800
Speaker 1: is that lack of a commitment on fentanyl a problem

180
00:09:33,840 --> 00:09:35,600
Speaker 1: for Joe Biden? Is he need to follow up on

181
00:09:35,640 --> 00:09:37,760
Speaker 1: that if we don't hear about one to day. He

182
00:09:37,840 --> 00:09:40,400
Speaker 1: absolutely does, and it is a big problem for the

183
00:09:40,480 --> 00:09:43,600
Speaker 1: United States. It's one we've long tried to address with Mexico.

184
00:09:43,760 --> 00:09:46,280
Speaker 1: But you know, to my mind, one issue that he

185
00:09:46,440 --> 00:09:49,000
Speaker 1: really is there to address and is going to be

186
00:09:49,040 --> 00:09:51,640
Speaker 1: important to getting the fent and on the other issues addressed,

187
00:09:52,000 --> 00:09:54,240
Speaker 1: is what the President of Mexico keeps talking about, and

188
00:09:54,280 --> 00:09:57,560
Speaker 1: that's respect. You know, they feel long neglected by the

189
00:09:57,679 --> 00:10:01,040
Speaker 1: United States. They they they did least stayed away from

190
00:10:01,080 --> 00:10:03,720
Speaker 1: the Summit on Democracy because they thought the agenda was wrong.

191
00:10:03,800 --> 00:10:06,520
Speaker 1: Countries were excluded that shouldn't have been. And this has

192
00:10:06,520 --> 00:10:08,720
Speaker 1: been a long term problem with Mexico. They feel we

193
00:10:08,800 --> 00:10:11,600
Speaker 1: come to them with something and that's the only reason

194
00:10:11,679 --> 00:10:13,559
Speaker 1: we ever sort of go to them. So I think

195
00:10:13,600 --> 00:10:16,480
Speaker 1: the issue of respect is critical to addressing all these

196
00:10:16,520 --> 00:10:20,000
Speaker 1: other issues, everything from migration to the drug issue, to

197
00:10:20,120 --> 00:10:22,200
Speaker 1: the issues of trade, which are very real. I mean,

198
00:10:22,240 --> 00:10:24,560
Speaker 1: look at the issue of corns. So you know those

199
00:10:24,600 --> 00:10:27,480
Speaker 1: have to be addressed. But from the Mexican perspective that

200
00:10:27,720 --> 00:10:30,640
Speaker 1: respect has got to come first. Rick. The President rolled

201
00:10:30,679 --> 00:10:36,319
Speaker 1: out his his updated immigration policy last week. We discussed

202
00:10:36,320 --> 00:10:39,880
Speaker 1: it yesterday. He's carried that to Mexico now, following his

203
00:10:40,000 --> 00:10:43,440
Speaker 1: visit to El Paso. Is it not more important what

204
00:10:43,440 --> 00:10:46,480
Speaker 1: what am Loo, what Lopez Overdor says about immigration today

205
00:10:46,480 --> 00:10:49,880
Speaker 1: than Joe Biden himself. Uh? Not really. I mean the

206
00:10:50,200 --> 00:10:52,600
Speaker 1: issue is on our side of the border, right and so,

207
00:10:52,920 --> 00:10:56,160
Speaker 1: but don't his cooperation, which works so well for Donald Trump,

208
00:10:56,480 --> 00:10:59,439
Speaker 1: play into the perception that we're getting something done here? Yeah,

209
00:10:59,520 --> 00:11:01,520
Speaker 1: but I think was a perception, right, we still had

210
00:11:01,520 --> 00:11:05,319
Speaker 1: a pretty poorest border. Vetro they had a better relationship,

211
00:11:05,440 --> 00:11:07,240
Speaker 1: if you want to say that. And look, I mean

212
00:11:07,320 --> 00:11:09,600
Speaker 1: this is a tough love relationship. I mean, like I

213
00:11:09,640 --> 00:11:13,000
Speaker 1: appreciate amlos need for respect and all that, and he's

214
00:11:13,000 --> 00:11:15,520
Speaker 1: certainly got some cards to play, but this is this

215
00:11:15,600 --> 00:11:18,880
Speaker 1: is like a government run by narco traffickers. You know,

216
00:11:19,200 --> 00:11:20,680
Speaker 1: if you look at the if you look at the

217
00:11:20,679 --> 00:11:23,840
Speaker 1: way the government corruption has expanded over the years, it's

218
00:11:23,920 --> 00:11:26,160
Speaker 1: you know, you can't trust the police, you can't trust

219
00:11:26,200 --> 00:11:29,000
Speaker 1: the legislators. I mean, like it's a very difficult regime

220
00:11:29,000 --> 00:11:31,600
Speaker 1: to do business with, and if they want money, how

221
00:11:31,600 --> 00:11:33,360
Speaker 1: do they even account for it? They can't account for

222
00:11:33,400 --> 00:11:36,400
Speaker 1: their own money. And so before you open up a

223
00:11:36,480 --> 00:11:39,560
Speaker 1: checkbook and start solving problems in Mexico, you've got to

224
00:11:39,600 --> 00:11:42,200
Speaker 1: have them come toward us and say, yes, we're going

225
00:11:42,280 --> 00:11:44,600
Speaker 1: to be a good partner. They get a lot of

226
00:11:44,640 --> 00:11:47,960
Speaker 1: benefit from trade with with US, and and and the

227
00:11:48,000 --> 00:11:51,840
Speaker 1: states along the border have very interesting relationships with the

228
00:11:51,880 --> 00:11:55,440
Speaker 1: state Mexican states along their border. And so I try

229
00:11:55,480 --> 00:11:58,600
Speaker 1: to replicate that I would elevate the Sonora governments and

230
00:11:58,640 --> 00:12:04,319
Speaker 1: things like that. So it tells what interesting city interesting?

231
00:12:04,360 --> 00:12:06,880
Speaker 1: How Rick? What do you mean? Well, when you look at, like,

232
00:12:06,960 --> 00:12:10,480
Speaker 1: for instance, what the border of Arizona gets out of

233
00:12:10,480 --> 00:12:14,360
Speaker 1: trade with the Sonora uh state which is on their border,

234
00:12:14,559 --> 00:12:17,800
Speaker 1: it's seventeen billion dollars a year. It's a major trading

235
00:12:17,840 --> 00:12:21,040
Speaker 1: partner one state. You look at the amount of truck traffic,

236
00:12:21,120 --> 00:12:23,920
Speaker 1: you look at the manufacturing facilities. As you pointed out,

237
00:12:24,000 --> 00:12:27,719
Speaker 1: there is a great potential for really nice jobs to

238
00:12:27,800 --> 00:12:30,280
Speaker 1: be developed on the border in order to support the

239
00:12:30,360 --> 00:12:32,640
Speaker 1: kind of development that's going on in the chip business there.

240
00:12:32,720 --> 00:12:35,880
Speaker 1: It's perfectly positioned those discussions in Arizona are being done

241
00:12:35,880 --> 00:12:38,320
Speaker 1: with the governor of Sonora, not with am Low and

242
00:12:38,320 --> 00:12:41,080
Speaker 1: his buddies down in the capital. So does that need

243
00:12:41,160 --> 00:12:44,120
Speaker 1: to be a more regional approach than genie, Because I

244
00:12:44,120 --> 00:12:46,280
Speaker 1: if if one of these three leaders came out and

245
00:12:46,400 --> 00:12:49,480
Speaker 1: articulated a situation as Rick Davis just did, this would

246
00:12:49,520 --> 00:12:51,200
Speaker 1: be a win. This news conference would be a win.

247
00:12:51,240 --> 00:12:53,880
Speaker 1: But Rick isn't in Mexico City to did No, Rick

248
00:12:53,960 --> 00:12:56,040
Speaker 1: is not there. They need to get him down there. Um.

249
00:12:56,120 --> 00:12:59,440
Speaker 1: You know, the reality is, um, it would be a win,

250
00:12:59,679 --> 00:13:01,880
Speaker 1: but it is not going to happen because of of course,

251
00:13:01,960 --> 00:13:04,520
Speaker 1: Joe Biden. None of these three are position to do that.

252
00:13:04,559 --> 00:13:08,240
Speaker 1: And we have seen Mexico try just before this visit

253
00:13:08,520 --> 00:13:11,280
Speaker 1: to give some gifts quote unquote to the US. One

254
00:13:11,480 --> 00:13:14,120
Speaker 1: was the you know, the capture of El Chapo's son,

255
00:13:14,440 --> 00:13:17,520
Speaker 1: which all of the Mexican press described as a present

256
00:13:17,600 --> 00:13:21,120
Speaker 1: to Joe Biden. Now you know that sounds, you know, horrific,

257
00:13:21,240 --> 00:13:25,920
Speaker 1: and and the violence that ensued after that capture. Yeah,

258
00:13:26,080 --> 00:13:28,880
Speaker 1: I mean it's remarkable, and so you know, they have

259
00:13:29,080 --> 00:13:31,679
Speaker 1: been trying to to a certain extent, to play ball.

260
00:13:31,920 --> 00:13:34,880
Speaker 1: But the reality is the United States, and Joe Biden

261
00:13:34,920 --> 00:13:38,880
Speaker 1: in particular, knows that they have to firm up these relationships. Yeah,

262
00:13:38,880 --> 00:13:41,959
Speaker 1: with the regional states, certainly with the mayors the states,

263
00:13:42,000 --> 00:13:44,920
Speaker 1: that's important, but it's also important with the federal government,

264
00:13:45,120 --> 00:13:48,040
Speaker 1: if for nothing else, because we can't control this migration

265
00:13:48,080 --> 00:13:51,680
Speaker 1: immigration problem without their cooperation. And we just saw that

266
00:13:51,720 --> 00:13:54,440
Speaker 1: with the policy announced by the Biden administration the other day.

267
00:13:54,880 --> 00:13:56,880
Speaker 1: You wonder how different some of the questions are going

268
00:13:56,920 --> 00:14:01,280
Speaker 1: to be from the American reporters versus those from Mexico

269
00:14:01,360 --> 00:14:03,560
Speaker 1: and from Canada. Everyone's coming in here with a slightly

270
00:14:03,559 --> 00:14:06,880
Speaker 1: different interest. Uh, as we wait for these leaders to

271
00:14:06,960 --> 00:14:11,480
Speaker 1: emerge um. Meanwhile, in Washington, there's been a lot of

272
00:14:11,480 --> 00:14:15,600
Speaker 1: talk about immigration here, particularly since Republicans have figured things

273
00:14:15,600 --> 00:14:17,240
Speaker 1: out in the House and they're actually in front of

274
00:14:17,600 --> 00:14:21,760
Speaker 1: cameras and microphones calling out Joe Biden repeatedly. Listen to

275
00:14:21,840 --> 00:14:25,000
Speaker 1: Steve Scalise today, And of course this plays into domestic

276
00:14:25,040 --> 00:14:27,880
Speaker 1: politics with the I R S and our other stories

277
00:14:27,880 --> 00:14:29,600
Speaker 1: that we're following with these new rules in the House.

278
00:14:29,640 --> 00:14:33,520
Speaker 1: But here's the majority leaders speaking to reporters earlier today. Frankly,

279
00:14:33,560 --> 00:14:37,240
Speaker 1: what we need is more border patrol agents securing America's border,

280
00:14:37,560 --> 00:14:40,080
Speaker 1: not I R S agents going after hard working families

281
00:14:40,080 --> 00:14:43,040
Speaker 1: in America. We're gonna get into this story in a

282
00:14:43,040 --> 00:14:46,440
Speaker 1: little bit more as as they move legislation essentially to

283
00:14:46,800 --> 00:14:50,440
Speaker 1: take back the funding from the Inflation Reduction Act to

284
00:14:50,520 --> 00:14:53,440
Speaker 1: fund the i r S. But it all points back

285
00:14:53,840 --> 00:14:56,120
Speaker 1: to the border. Rick. Every time you hear an argument,

286
00:14:56,160 --> 00:14:58,520
Speaker 1: why are we funding Ukraine when more people are crossing

287
00:14:58,520 --> 00:15:00,960
Speaker 1: our border here in the United States, it's just it's

288
00:15:00,960 --> 00:15:03,720
Speaker 1: a refrain that this president cannot escape. Yeah, it's a

289
00:15:04,080 --> 00:15:07,920
Speaker 1: it's a total rigged debate because when when you have

290
00:15:07,960 --> 00:15:10,600
Speaker 1: a trillion seven budget, you ought to be able to

291
00:15:10,640 --> 00:15:13,360
Speaker 1: afford both and and And that's one thing that Biden

292
00:15:13,440 --> 00:15:16,480
Speaker 1: is trying to change his own administration's policy on. You've

293
00:15:16,520 --> 00:15:19,320
Speaker 1: noticed that the new border plan that he has is

294
00:15:19,480 --> 00:15:23,040
Speaker 1: increasing the number of border agents, is throwing money into

295
00:15:23,040 --> 00:15:26,800
Speaker 1: the law enforcement side of the border security, and and

296
00:15:26,800 --> 00:15:28,680
Speaker 1: and and and it's come with a price. A lot

297
00:15:28,720 --> 00:15:33,320
Speaker 1: of his constituents, who valued the human rights aspect of

298
00:15:33,360 --> 00:15:36,320
Speaker 1: this debate are angry with him because it looks like

299
00:15:36,400 --> 00:15:39,920
Speaker 1: he's just expanding the Trump border policy. And in many

300
00:15:39,920 --> 00:15:42,960
Speaker 1: ways he is. Uh. And and yet that's what you

301
00:15:43,040 --> 00:15:45,040
Speaker 1: gotta do to get control of the situation. If you

302
00:15:45,080 --> 00:15:47,640
Speaker 1: have a crisis, you have to throw resources at it.

303
00:15:47,680 --> 00:15:50,400
Speaker 1: So to some degree, Sclease is getting an answer in

304
00:15:50,480 --> 00:15:54,280
Speaker 1: advance of his criticism, which is if Biden were responding

305
00:15:54,320 --> 00:15:56,560
Speaker 1: to him, which he will never do, he would say,

306
00:15:56,640 --> 00:15:59,680
Speaker 1: I have done exactly what you are suggesting I do.

307
00:16:00,000 --> 00:16:03,120
Speaker 1: And that's something well listen, as we're waiting for the

308
00:16:03,120 --> 00:16:05,520
Speaker 1: three amigos to emerge here, let's talk a little bit

309
00:16:05,520 --> 00:16:08,280
Speaker 1: more about uh, this policy that that was one of

310
00:16:08,320 --> 00:16:11,160
Speaker 1: the big stories we woke up to following the passage

311
00:16:11,160 --> 00:16:13,520
Speaker 1: of the rules and then this bill, like I said,

312
00:16:13,560 --> 00:16:17,120
Speaker 1: to take back uh billions of dollars in funding for

313
00:16:17,240 --> 00:16:20,920
Speaker 1: the I R S. You just heard, Uh Steve Scale

314
00:16:21,040 --> 00:16:24,320
Speaker 1: is talking about it. This by the way past what

315
00:16:24,480 --> 00:16:27,800
Speaker 1: to to ten party line vote, and this goes back

316
00:16:27,840 --> 00:16:32,160
Speaker 1: again to the the i R A, the Inflation Reduction Act,

317
00:16:32,240 --> 00:16:34,560
Speaker 1: eighty billion dollars. And we heard this during the campaign,

318
00:16:34,680 --> 00:16:39,400
Speaker 1: right eighties, seven thousand armed I R S agents. We're

319
00:16:39,400 --> 00:16:43,280
Speaker 1: gonna fan out across the country and knock people's doors down. Uh,

320
00:16:43,320 --> 00:16:45,800
Speaker 1: they actually haven't been hired, and most of them won't

321
00:16:45,840 --> 00:16:47,560
Speaker 1: even be agents like that. There'll be a lot of

322
00:16:47,560 --> 00:16:49,840
Speaker 1: different I T people involved in a lot of other

323
00:16:49,880 --> 00:16:53,040
Speaker 1: stuff here became kind of a political meme, if you will.

324
00:16:53,760 --> 00:16:57,400
Speaker 1: Don Bayer, the congressman Democrat from Virginia, talked about this

325
00:16:57,560 --> 00:17:00,400
Speaker 1: on the floor yesterday. The bill is gonna a hundred

326
00:17:00,440 --> 00:17:03,160
Speaker 1: fourteen billion dollars to the deficit according to the CBO.

327
00:17:03,680 --> 00:17:06,159
Speaker 1: And why my republic friends want us to believe that

328
00:17:06,200 --> 00:17:09,480
Speaker 1: a horde seven thousand armed federal agent are ready to

329
00:17:09,560 --> 00:17:12,199
Speaker 1: kick in your doors for tax enforcement. This is a

330
00:17:12,240 --> 00:17:16,520
Speaker 1: total nonsense, a fantasy, a fabrication that has been fact

331
00:17:16,600 --> 00:17:20,399
Speaker 1: checked over and over again and always found false. The

332
00:17:20,440 --> 00:17:23,000
Speaker 1: real reason is passing this bill is to protect wealthy

333
00:17:23,040 --> 00:17:26,040
Speaker 1: tax cheats like the former president from having their tax

334
00:17:26,080 --> 00:17:29,760
Speaker 1: return scrutinized. And there it is with the Donald Trump reference, Genie.

335
00:17:29,760 --> 00:17:31,600
Speaker 1: The fact of the matter is this wouldn't get through

336
00:17:31,640 --> 00:17:34,639
Speaker 1: the Senate, and if it did, Joe Biden would veto it.

337
00:17:34,840 --> 00:17:37,400
Speaker 1: Is this the beginning of two years of messaging from

338
00:17:37,440 --> 00:17:40,119
Speaker 1: the new Republican majority in the House. You took the

339
00:17:40,200 --> 00:17:42,639
Speaker 1: words right out of my mouth messaging bill because of

340
00:17:42,640 --> 00:17:44,600
Speaker 1: course that to your point, has little chance of passing

341
00:17:44,600 --> 00:17:47,320
Speaker 1: the Senate or being signed, certainly by the President. You

342
00:17:47,359 --> 00:17:50,800
Speaker 1: know it is full of misleading claims um including as

343
00:17:50,800 --> 00:17:53,560
Speaker 1: you mentioned the idea that these agents would be armed.

344
00:17:53,960 --> 00:17:56,760
Speaker 1: The reality is this is something that Republicans wanted to

345
00:17:56,920 --> 00:17:59,159
Speaker 1: lead off with as a way to say this is

346
00:17:59,200 --> 00:18:02,639
Speaker 1: where our focus says. But the fact is the I R.

347
00:18:02,840 --> 00:18:05,600
Speaker 1: S and and anybody who's dealt with it understands this

348
00:18:05,800 --> 00:18:08,080
Speaker 1: is very much in need of funding to do the

349
00:18:08,119 --> 00:18:11,159
Speaker 1: basic job it is supposed to do, and it needs

350
00:18:11,200 --> 00:18:14,120
Speaker 1: that money, and that was why that money was allotted. Now,

351
00:18:14,160 --> 00:18:17,399
Speaker 1: certainly Congress has a rate to oversight, there's no question

352
00:18:17,440 --> 00:18:19,639
Speaker 1: about that. But the idea it was going to be

353
00:18:19,720 --> 00:18:22,840
Speaker 1: used in the way they were suggesting is utterly without

354
00:18:23,200 --> 00:18:25,199
Speaker 1: you know, merit. And of course they're adding to the

355
00:18:25,240 --> 00:18:27,920
Speaker 1: deficit by if this was to go into fruition, which

356
00:18:27,960 --> 00:18:30,080
Speaker 1: it won't as well. Yeah, that's a lot of a

357
00:18:30,119 --> 00:18:33,680
Speaker 1: hundred and fourteen billion dollars, assuming that is correct. Uh rick,

358
00:18:33,760 --> 00:18:36,199
Speaker 1: that would be added to the deficit. Is this a

359
00:18:36,240 --> 00:18:39,240
Speaker 1: case of good politics, bad policy? Well, I do think

360
00:18:39,240 --> 00:18:41,760
Speaker 1: it's entertaining to hear, Oh, these aren't going to be

361
00:18:41,800 --> 00:18:44,080
Speaker 1: people going after your tax dollars, but we're gonna get

362
00:18:44,080 --> 00:18:47,440
Speaker 1: a hundred billion dollars out of higher employment. Well where

363
00:18:47,600 --> 00:18:50,239
Speaker 1: does that come from? I mean, you know, it's a

364
00:18:50,280 --> 00:18:54,359
Speaker 1: little bit of a you know, a rigged argument. So look,

365
00:18:54,359 --> 00:18:55,919
Speaker 1: at the end of the day, this is not going

366
00:18:55,960 --> 00:18:58,720
Speaker 1: to change the tax bill. This is not going to

367
00:18:58,840 --> 00:19:01,960
Speaker 1: change the legislation. And and but this is going to

368
00:19:02,040 --> 00:19:05,479
Speaker 1: be something that the Republicans in a year when they

369
00:19:05,480 --> 00:19:07,600
Speaker 1: start running for re election in the House, are going

370
00:19:07,640 --> 00:19:09,280
Speaker 1: to go out and say, the first thing we did

371
00:19:09,400 --> 00:19:10,879
Speaker 1: was trying to get these I R A S I

372
00:19:11,080 --> 00:19:14,560
Speaker 1: R S agents off your back. That plays well, and

373
00:19:14,640 --> 00:19:17,720
Speaker 1: he promised he would do it. So here we are, uh,

374
00:19:18,080 --> 00:19:20,119
Speaker 1: listen to and by the way that the back and

375
00:19:20,200 --> 00:19:23,360
Speaker 1: forth over the rules as well, this isn't technically uh,

376
00:19:23,560 --> 00:19:25,639
Speaker 1: this was a piece of legislation separate from the rules

377
00:19:25,640 --> 00:19:29,840
Speaker 1: that were passed. But the idea here, uh that we're

378
00:19:29,840 --> 00:19:36,240
Speaker 1: gonna cut spending to try to somehow manage this debt

379
00:19:36,320 --> 00:19:40,159
Speaker 1: limit issue. It's already a problem. Richie Neil, the former

380
00:19:40,280 --> 00:19:43,480
Speaker 1: chair of the House Ways and Means Committee, talked about

381
00:19:43,520 --> 00:19:47,040
Speaker 1: this earlier today. The idea that Republicans have found religion

382
00:19:47,560 --> 00:19:50,159
Speaker 1: on the issue of deficit series. They voted for the

383
00:19:50,200 --> 00:19:55,360
Speaker 1: Cares Act, they voted for more money for national defense spending,

384
00:19:56,320 --> 00:20:01,920
Speaker 1: some of them voted for the Infrastructure bill, and then

385
00:20:02,200 --> 00:20:05,400
Speaker 1: they also voted for five trillion dollars worth of tax

386
00:20:05,440 --> 00:20:11,639
Speaker 1: cuts in two oh one two oh three, although it

387
00:20:11,760 --> 00:20:14,119
Speaker 1: comes out to about four points seven trillion dollars of

388
00:20:14,200 --> 00:20:17,680
Speaker 1: tax cuts, and they gets it allows them in this instance,

389
00:20:17,720 --> 00:20:20,359
Speaker 1: after what they've done, to sort of set the fire

390
00:20:20,400 --> 00:20:23,520
Speaker 1: and then call the fire department. Set the fire and

391
00:20:23,600 --> 00:20:26,680
Speaker 1: call the fire department. Genie, is that close to the truth.

392
00:20:27,520 --> 00:20:30,399
Speaker 1: It's a great analogy to describe the situation because, of

393
00:20:30,440 --> 00:20:32,520
Speaker 1: course during the Trump era, and he went right back

394
00:20:32,520 --> 00:20:34,720
Speaker 1: to two thousand and one, so you can even go earlier,

395
00:20:35,200 --> 00:20:38,240
Speaker 1: you know, spending, the amount of it supported and pushed

396
00:20:38,240 --> 00:20:41,120
Speaker 1: by Republicans, which added to the debt, and the deficit

397
00:20:41,240 --> 00:20:44,399
Speaker 1: was enormous. And you know, this, this idea that they

398
00:20:44,400 --> 00:20:48,240
Speaker 1: have found this religion um is utterly you know, stunning,

399
00:20:48,240 --> 00:20:51,239
Speaker 1: And he's absolutely right. So there's no question that we

400
00:20:51,320 --> 00:20:53,080
Speaker 1: need to talk about the deficit. We need to have

401
00:20:53,080 --> 00:20:56,960
Speaker 1: a concerted conversation. But this is um you know, not

402
00:20:57,040 --> 00:20:59,200
Speaker 1: the way it's going to be done. And there's really

403
00:20:59,440 --> 00:21:01,280
Speaker 1: very little that's going to move forward in the next

404
00:21:01,280 --> 00:21:03,479
Speaker 1: two years that will address it. It could though, if

405
00:21:03,480 --> 00:21:05,520
Speaker 1: we're dropping the budget by whatever it is. Here a

406
00:21:05,560 --> 00:21:10,760
Speaker 1: hundred forty billion or something like that on an annual level. Uh. Rick,

407
00:21:10,880 --> 00:21:13,160
Speaker 1: that's not going to pass with a lot of moderates,

408
00:21:13,200 --> 00:21:15,080
Speaker 1: and it could lead to a shutdown or a default.

409
00:21:15,640 --> 00:21:18,040
Speaker 1: Uh Yeah, hard to tell whether or not you're gonna

410
00:21:18,040 --> 00:21:21,120
Speaker 1: have a shutdown. I mean, we're well away from that.

411
00:21:21,280 --> 00:21:23,760
Speaker 1: But the default is a different issue, and it's actually

412
00:21:23,800 --> 00:21:29,600
Speaker 1: a more uh potentially problematic uh for surance because of

413
00:21:29,640 --> 00:21:31,639
Speaker 1: the faith and credit of the United States would be

414
00:21:31,640 --> 00:21:34,359
Speaker 1: at risk, and not just the federal government spending. I

415
00:21:34,720 --> 00:21:37,480
Speaker 1: do think we do have a moment here to reset

416
00:21:37,520 --> 00:21:40,240
Speaker 1: the clock. Totally agree with everything that's been said that

417
00:21:40,280 --> 00:21:42,119
Speaker 1: we haven't had a deficit hawk in this party for

418
00:21:42,119 --> 00:21:45,000
Speaker 1: a long time. That being said, it is a good

419
00:21:45,040 --> 00:21:47,520
Speaker 1: time to start having a conversation about government spending because

420
00:21:47,560 --> 00:21:50,520
Speaker 1: it is out of control. There aren't the controls now

421
00:21:50,560 --> 00:21:54,200
Speaker 1: we've got, you know, a big push to get earmarks

422
00:21:54,240 --> 00:21:56,840
Speaker 1: back in I was actually applauding some of the efforts

423
00:21:56,880 --> 00:21:59,000
Speaker 1: by the Freedom Caucus to ban earmarks in the House

424
00:21:59,000 --> 00:22:02,679
Speaker 1: of Representatives. These are good initiatives. Just because there with

425
00:22:02,840 --> 00:22:05,880
Speaker 1: some bad people doesn't make them bad initiatives. And so

426
00:22:06,520 --> 00:22:09,480
Speaker 1: let's just take this as a good thing that right now.

427
00:22:09,520 --> 00:22:11,680
Speaker 1: There are people looking in this direction, and we have

428
00:22:11,760 --> 00:22:14,840
Speaker 1: to have this conversation. We do not have our fiscal

429
00:22:14,880 --> 00:22:18,000
Speaker 1: house in order, both on the spending side and the

430
00:22:18,119 --> 00:22:20,880
Speaker 1: raising side, and we've got to come to some agreements

431
00:22:20,920 --> 00:22:22,800
Speaker 1: with that. And at least now we have some of

432
00:22:22,800 --> 00:22:26,119
Speaker 1: that conversation starting. I want to add Laura Davidson's voice

433
00:22:26,160 --> 00:22:29,639
Speaker 1: to this conversation. Bloomberg Congress and tax reporter, jumping in

434
00:22:29,720 --> 00:22:32,160
Speaker 1: the pool with us here as we try to figure

435
00:22:32,200 --> 00:22:34,199
Speaker 1: all this out. Laura, thanks for coming back. The I

436
00:22:34,320 --> 00:22:37,080
Speaker 1: R S story is one that you were covering specifically here.

437
00:22:37,760 --> 00:22:39,840
Speaker 1: Is it actually true that it would add that much

438
00:22:39,880 --> 00:22:42,280
Speaker 1: to the deficit? And and I want to get to

439
00:22:42,320 --> 00:22:45,560
Speaker 1: these jobs. I understand these eight seven thousand people have

440
00:22:45,640 --> 00:22:47,919
Speaker 1: not been hired a lot of them though we're simply

441
00:22:47,920 --> 00:22:51,960
Speaker 1: to fill jobs opening through attrition. What's the real story. Yeah,

442
00:22:51,960 --> 00:22:55,399
Speaker 1: So to the deficit number, that's the estimate from the

443
00:22:55,400 --> 00:22:58,880
Speaker 1: nonpartisan CBO. So I I trust them and their numbers.

444
00:22:59,320 --> 00:23:01,439
Speaker 1: But as the jobs, that's one that's a little bit

445
00:23:01,520 --> 00:23:03,840
Speaker 1: trickier to part here. And that's why it's been able

446
00:23:03,880 --> 00:23:06,800
Speaker 1: to be manipulated so much. Uh, kind of in this

447
00:23:06,920 --> 00:23:09,640
Speaker 1: discussion about the I r S agents. So about now,

448
00:23:09,640 --> 00:23:11,560
Speaker 1: when the I R S is at full force, they

449
00:23:11,560 --> 00:23:15,080
Speaker 1: have about eighty thousand UM employees within the entire agency.

450
00:23:15,119 --> 00:23:17,399
Speaker 1: So that includes everything from the I T people to

451
00:23:17,840 --> 00:23:21,359
Speaker 1: people answering the phones, to UM auditors agents, all sorts

452
00:23:21,400 --> 00:23:24,880
Speaker 1: of things. UM. The reason that they're looking to hire

453
00:23:24,920 --> 00:23:27,200
Speaker 1: so many is partially because they're going to lose so many.

454
00:23:27,240 --> 00:23:29,880
Speaker 1: About fifty thousand of those eighty thousands, so more than

455
00:23:29,920 --> 00:23:32,879
Speaker 1: half are slated to retire in the next five years.

456
00:23:33,119 --> 00:23:34,520
Speaker 1: So when you look at kind of the I R

457
00:23:34,640 --> 00:23:37,280
Speaker 1: S adding tens of thousands of employees, part of that

458
00:23:37,359 --> 00:23:39,520
Speaker 1: is just to backfill all the jobs that are going

459
00:23:39,600 --> 00:23:42,680
Speaker 1: to be uh left behind because people are retiring or

460
00:23:42,680 --> 00:23:45,800
Speaker 1: moving on to other jobs. Okay, it's not going to

461
00:23:45,840 --> 00:23:49,320
Speaker 1: pass the Senate. The President says he would veto it.

462
00:23:49,800 --> 00:23:54,440
Speaker 1: This really is just for show. Correct, Yes, right now,

463
00:23:54,480 --> 00:23:56,600
Speaker 1: I think where we're going to hear this issue again

464
00:23:56,720 --> 00:23:58,560
Speaker 1: is not you know that it's going to be legislation

465
00:23:58,600 --> 00:24:00,920
Speaker 1: that's moving. Is this is going to a bargaining chip

466
00:24:01,119 --> 00:24:03,720
Speaker 1: UM as you guys are talking about before in UM

467
00:24:03,760 --> 00:24:07,560
Speaker 1: showdowns over the debt ceiling, over government spending. This is

468
00:24:07,560 --> 00:24:09,240
Speaker 1: going to be something that Republicans are going to bring

469
00:24:09,280 --> 00:24:10,919
Speaker 1: to the table and say, look, this is something we

470
00:24:11,000 --> 00:24:14,639
Speaker 1: want UM as part of this broader deal. Unlikely that

471
00:24:14,680 --> 00:24:16,840
Speaker 1: they're going to get, you know all, they're basically calling

472
00:24:16,880 --> 00:24:19,520
Speaker 1: for seventy almost seventy two billion of the eighty billion

473
00:24:19,600 --> 00:24:22,399
Speaker 1: to be rescinded. They're letting a little bit of that

474
00:24:22,480 --> 00:24:25,159
Speaker 1: money that goes towards I T support and UM towards

475
00:24:25,160 --> 00:24:27,680
Speaker 1: customer service to to stay at the at the agency.

476
00:24:29,960 --> 00:24:32,280
Speaker 1: But yeah, but this is something that's gonna be come

477
00:24:32,359 --> 00:24:34,159
Speaker 1: up time and time again. The I R S has

478
00:24:34,200 --> 00:24:36,280
Speaker 1: been sort of this low key political battle for about

479
00:24:36,320 --> 00:24:38,199
Speaker 1: the past decade, and now it's about to become a

480
00:24:38,280 --> 00:24:43,280
Speaker 1: high profile political battle. You write about the rhetoric in

481
00:24:43,320 --> 00:24:45,800
Speaker 1: the campaign and leading up to this this very vote,

482
00:24:45,840 --> 00:24:50,320
Speaker 1: the so called army of eighty seven thousand new tax agents.

483
00:24:50,359 --> 00:24:53,840
Speaker 1: They were frequently described as armed, and they may as

484
00:24:53,840 --> 00:24:56,200
Speaker 1: well have already been knocking down doors because we talked

485
00:24:56,240 --> 00:24:59,120
Speaker 1: about it like these are real people with real jobs already.

486
00:24:59,440 --> 00:25:01,880
Speaker 1: Do we know where those talking points came from? Did

487
00:25:01,880 --> 00:25:04,760
Speaker 1: that come from Kevin McCarthy's office or somewhere on the

488
00:25:04,800 --> 00:25:10,240
Speaker 1: campaign trail during the mid terms? This came from creatively pulling, um,

489
00:25:10,280 --> 00:25:12,840
Speaker 1: a bunch of different footnotes from a bunch of different

490
00:25:12,840 --> 00:25:15,480
Speaker 1: Treasury reports. So that seven thousand number, that was a

491
00:25:15,560 --> 00:25:19,520
Speaker 1: number that was slided. Um, you know, sort of mismisappropriated. Uh,

492
00:25:19,840 --> 00:25:21,879
Speaker 1: but it did come from the genesis of it is

493
00:25:21,880 --> 00:25:24,680
Speaker 1: from a a Treasury report. Um. And the armed bit

494
00:25:25,080 --> 00:25:27,560
Speaker 1: that is, there are a very very small number of

495
00:25:27,600 --> 00:25:29,800
Speaker 1: I R S Agents who deal with criminal issues things

496
00:25:29,840 --> 00:25:33,520
Speaker 1: like money laundering, terrorism, etcetera, that are armed. But you're

497
00:25:33,600 --> 00:25:36,119
Speaker 1: you're you're run of the mill I R S auditor

498
00:25:36,240 --> 00:25:38,199
Speaker 1: is you know, the most they have is probably an

499
00:25:38,240 --> 00:25:41,080
Speaker 1: a laptop that's a little bit too old. Wow. Alright,

500
00:25:41,119 --> 00:25:43,359
Speaker 1: so this is fascinating stuff. But it was a slam

501
00:25:43,440 --> 00:25:46,360
Speaker 1: dunk politically, right, it was. It was an applause line

502
00:25:46,359 --> 00:25:49,960
Speaker 1: every time anyone said it. Yeah, it really Staley. We

503
00:25:50,080 --> 00:25:51,680
Speaker 1: had a lot of stalience with people because you know,

504
00:25:51,720 --> 00:25:53,520
Speaker 1: who wants to be audited, Who wants to have to

505
00:25:53,560 --> 00:25:55,760
Speaker 1: go through that. Um. You know, people are gearing up

506
00:25:55,800 --> 00:25:57,439
Speaker 1: for tax season in just a couple of weeks and

507
00:25:57,600 --> 00:26:00,480
Speaker 1: already dreading it. Um. You know, this is something that

508
00:26:00,520 --> 00:26:03,080
Speaker 1: has a lot of residents with people. But then on

509
00:26:03,119 --> 00:26:05,360
Speaker 1: the flip side, what democrats have pointed out is that

510
00:26:05,560 --> 00:26:08,440
Speaker 1: you know that that audits aren't happening across the board.

511
00:26:08,440 --> 00:26:10,440
Speaker 1: You look at all the numbers of I R S

512
00:26:10,480 --> 00:26:12,320
Speaker 1: audits over the past decade, and all of them are

513
00:26:12,440 --> 00:26:15,720
Speaker 1: just a ski slope downward. Boy, Laura, you cover the

514
00:26:15,720 --> 00:26:19,840
Speaker 1: Ways and Means Committee very closely, and you've got a

515
00:26:19,840 --> 00:26:23,880
Speaker 1: new chair here. Representative Jason Smith won a three way

516
00:26:23,920 --> 00:26:27,399
Speaker 1: contest for the Ways and Means gavel, one of the

517
00:26:27,440 --> 00:26:31,160
Speaker 1: most important and powerful committees in the House. What does

518
00:26:31,240 --> 00:26:34,600
Speaker 1: that chairmanship mean? How's it going to change? Yeah? So

519
00:26:34,640 --> 00:26:37,080
Speaker 1: this was a really closely watched race and really tight

520
00:26:37,160 --> 00:26:41,359
Speaker 1: between Jason Smith, who want and Verne Buchanan, who was

521
00:26:41,400 --> 00:26:43,560
Speaker 1: kind of the Those two were seen as neck and

522
00:26:43,640 --> 00:26:46,120
Speaker 1: neck um and this really kind of shows the direction

523
00:26:46,119 --> 00:26:50,160
Speaker 1: that Kevin McCarthy um is going with with his leadership.

524
00:26:50,280 --> 00:26:53,159
Speaker 1: Cohort there Um. You know, Verne Buchanan was kind of

525
00:26:53,200 --> 00:26:56,280
Speaker 1: your your old school, mainstream country club Republicans focused on

526
00:26:56,320 --> 00:26:58,640
Speaker 1: tax cuts and he's a small business owner himself who's

527
00:26:58,640 --> 00:27:01,159
Speaker 1: been really successful. Jason Smith is much more of a

528
00:27:01,280 --> 00:27:04,280
Speaker 1: of a political animal. He really cut his chops as

529
00:27:04,320 --> 00:27:07,119
Speaker 1: the top Republican on the Budget Committee, really honed his

530
00:27:07,200 --> 00:27:11,159
Speaker 1: messaging skills. There was very um successful uh when he

531
00:27:11,200 --> 00:27:14,000
Speaker 1: was in the minority of asking for CBO and the

532
00:27:14,080 --> 00:27:16,760
Speaker 1: Joint Committee on Taxation to kind of run some numbers

533
00:27:17,000 --> 00:27:18,960
Speaker 1: and basically put out a report. That was one of

534
00:27:18,960 --> 00:27:21,520
Speaker 1: the reasons that Joe Manchin said, whoa, I can't back

535
00:27:21,840 --> 00:27:24,240
Speaker 1: build back better. Uh. So this is uh, you know,

536
00:27:24,320 --> 00:27:26,800
Speaker 1: he's going to be a real um key ally from

537
00:27:26,840 --> 00:27:28,840
Speaker 1: McCarthy just because he has real good political chops and

538
00:27:28,840 --> 00:27:31,080
Speaker 1: also really close ties with the House Freedom Caucus and

539
00:27:31,080 --> 00:27:33,919
Speaker 1: as we saw last week, uh, you know, building bridges.

540
00:27:33,960 --> 00:27:36,440
Speaker 1: There is important and close ties to Donald Trump, which

541
00:27:36,480 --> 00:27:39,400
Speaker 1: is not lost on us as well, right exactly. Yes,

542
00:27:39,440 --> 00:27:42,960
Speaker 1: he's a been a long time Trump supporter, much more

543
00:27:43,000 --> 00:27:45,160
Speaker 1: so than than Firm Buchanan, who was always more kind

544
00:27:45,160 --> 00:27:47,400
Speaker 1: of again kind of that more you know, Jeb Bush

545
00:27:47,400 --> 00:27:50,959
Speaker 1: style Republican. Well, this is fascinating now that the rules

546
00:27:51,119 --> 00:27:54,680
Speaker 1: are in place here, Uh, they got they made good

547
00:27:54,720 --> 00:27:58,399
Speaker 1: on the promise on the I R S legislation. Laura,

548
00:27:58,560 --> 00:28:01,480
Speaker 1: what's next? What there it's a messaging bill or a

549
00:28:01,520 --> 00:28:03,520
Speaker 1: real bill? What's the agenda look like? The next few

550
00:28:03,560 --> 00:28:06,679
Speaker 1: weeks We're going to see a lot of oversight of

551
00:28:06,720 --> 00:28:08,600
Speaker 1: the I r S. Um. You know, again, Republicans, they

552
00:28:08,640 --> 00:28:10,280
Speaker 1: don't have the Senate with them, but what they can

553
00:28:10,359 --> 00:28:13,119
Speaker 1: do is they can um haul in the I R

554
00:28:13,160 --> 00:28:15,680
Speaker 1: S commissioner. There's currently someone who who's just in the

555
00:28:15,760 --> 00:28:18,000
Speaker 1: acting role right now. The Senate is gearing up to

556
00:28:18,240 --> 00:28:21,919
Speaker 1: confirm someone. But in his Jason Smith's statement yesterday announcing

557
00:28:21,920 --> 00:28:24,480
Speaker 1: that he had been selected, he he said, you know,

558
00:28:24,560 --> 00:28:27,000
Speaker 1: to to Danny Warfel, who's Biden's nominee, you know, expect

559
00:28:27,000 --> 00:28:29,359
Speaker 1: to spend a lot of time up here, uh, testifying

560
00:28:29,359 --> 00:28:32,520
Speaker 1: in front of the committee. They're very keen on looking into, um,

561
00:28:32,600 --> 00:28:34,320
Speaker 1: you know, any targeting the I R S may have

562
00:28:34,359 --> 00:28:37,840
Speaker 1: done of conservative nonprofit groups. Remember back to a couple

563
00:28:37,880 --> 00:28:39,840
Speaker 1: of years ago, there was that Pro public a league

564
00:28:39,880 --> 00:28:41,800
Speaker 1: of some of the richest Americans. They want to get

565
00:28:41,840 --> 00:28:44,520
Speaker 1: to the bottom of that um and they also one

566
00:28:44,520 --> 00:28:45,960
Speaker 1: of the things that we may see, you know, we

567
00:28:46,600 --> 00:28:49,160
Speaker 1: saw Donald Trump's tax returns at the end of last year.

568
00:28:49,520 --> 00:28:51,680
Speaker 1: Now that Republicans are in control, they have that same

569
00:28:51,720 --> 00:28:54,600
Speaker 1: power to go request tax returns of any taxpayers. So

570
00:28:54,640 --> 00:28:56,920
Speaker 1: we could see that of uh, you know Biden or

571
00:28:56,920 --> 00:28:59,800
Speaker 1: some of Biden's allies. You Biden has returns publicly released,

572
00:28:59,840 --> 00:29:02,320
Speaker 1: but other Democrats that they want to target, they could

573
00:29:02,320 --> 00:29:05,120
Speaker 1: do that as well. We'll tell you how's this new

574
00:29:05,160 --> 00:29:07,720
Speaker 1: majority dealing with with the media. Is it too early

575
00:29:07,800 --> 00:29:11,560
Speaker 1: to tell or or are you getting what you need? Uh?

576
00:29:11,600 --> 00:29:13,000
Speaker 1: You know, still too early to tell, you know, some

577
00:29:13,040 --> 00:29:15,280
Speaker 1: of these new chairmen. I've only been in the role

578
00:29:15,360 --> 00:29:17,959
Speaker 1: for for twenty four hours your less. But you know,

579
00:29:18,360 --> 00:29:20,959
Speaker 1: we saw a lot of last week played out in public.

580
00:29:21,120 --> 00:29:22,880
Speaker 1: You know, we had to c SPAN cameras that we're

581
00:29:22,960 --> 00:29:26,640
Speaker 1: zooming in on these conversations happening on the floor. You know,

582
00:29:26,640 --> 00:29:28,240
Speaker 1: a lot of this played out in public. So you know,

583
00:29:28,320 --> 00:29:30,960
Speaker 1: so far it's it's been a really you know, interesting

584
00:29:31,000 --> 00:29:32,880
Speaker 1: time and we've we've had a lot of access. Well,

585
00:29:32,920 --> 00:29:35,520
Speaker 1: it sure has. I understand Matt Gates has legislation enough

586
00:29:35,560 --> 00:29:38,400
Speaker 1: to keep the cameras, Uh, keep the cameras going, because

587
00:29:38,400 --> 00:29:40,880
Speaker 1: they're already back to the normal c span you know,

588
00:29:40,960 --> 00:29:43,960
Speaker 1: one way view. Laura, thank you for being here. A

589
00:29:44,000 --> 00:29:46,120
Speaker 1: great job, Laura Davison, always a pleasure to speak and

590
00:29:46,160 --> 00:29:48,680
Speaker 1: listen to Tom Emmer. When we were talking about the

591
00:29:48,760 --> 00:29:50,880
Speaker 1: chair of the Ways and Means Committee, there a lot

592
00:29:50,880 --> 00:29:53,120
Speaker 1: of questions about whether some of these were doled out

593
00:29:53,120 --> 00:29:57,720
Speaker 1: and the deal making behind the scenes without anyone's knowledge

594
00:29:57,960 --> 00:30:00,560
Speaker 1: throughout the caucus other than you know, these oney people

595
00:30:00,560 --> 00:30:04,400
Speaker 1: who were voting against Kevin McCarthy. Congressman Emmer was helping

596
00:30:04,440 --> 00:30:07,040
Speaker 1: to run these talks. It was his office they were

597
00:30:07,160 --> 00:30:10,440
Speaker 1: using as as kind of a central point of negotiations.

598
00:30:10,440 --> 00:30:13,400
Speaker 1: He's part of the Republican leadership. Was asked about it today,

599
00:30:13,760 --> 00:30:17,240
Speaker 1: he made it very clear that there were no gabbls

600
00:30:17,280 --> 00:30:19,760
Speaker 1: given out, there were no deals like that that were made.

601
00:30:20,200 --> 00:30:23,680
Speaker 1: This is uh. I think it's more than just aspirational.

602
00:30:23,720 --> 00:30:26,840
Speaker 1: I think it literally is something that the entire conference

603
00:30:26,880 --> 00:30:29,800
Speaker 1: is going to want to hold ourselves too, and frankly

604
00:30:29,840 --> 00:30:32,320
Speaker 1: hold our partners on the other side of the building too.

605
00:30:32,840 --> 00:30:34,920
Speaker 1: But I wouldn't call it an addendum, because that was

606
00:30:34,960 --> 00:30:38,920
Speaker 1: the confusion. Yesterday we were voting on a rules package.

607
00:30:39,760 --> 00:30:42,040
Speaker 1: He was talking about reports as well. If they had

608
00:30:42,040 --> 00:30:45,400
Speaker 1: an addendum separate to the rules package that included the

609
00:30:45,440 --> 00:30:48,160
Speaker 1: chairs that was just for the insiders that nobody knew about.

610
00:30:48,440 --> 00:30:51,480
Speaker 1: And we haven't really had very good answers to some

611
00:30:51,520 --> 00:30:53,760
Speaker 1: of these questions yet. I don't know if Rick and

612
00:30:53,840 --> 00:30:56,440
Speaker 1: Jennie feel differently about this. Rick Davis. Tom Emmer says

613
00:30:56,480 --> 00:31:00,960
Speaker 1: there was no addendum. There were some side line agreements,

614
00:31:01,320 --> 00:31:04,120
Speaker 1: and apparently that was shown on a screen today in

615
00:31:04,200 --> 00:31:07,080
Speaker 1: a caucus meeting with Kevin McCarthy. But there is still

616
00:31:07,160 --> 00:31:08,840
Speaker 1: quite a bit that we don't know about for a

617
00:31:08,880 --> 00:31:14,040
Speaker 1: party that's striving, uh for transparency. No, yeah, I haven't.

618
00:31:14,160 --> 00:31:16,160
Speaker 1: I mean, I've seen a lot of reporting around the

619
00:31:16,320 --> 00:31:19,720
Speaker 1: quote secret addendum, which makes sense. I mean, of course

620
00:31:19,760 --> 00:31:22,080
Speaker 1: they have all kinds of agreements that they don't you know,

621
00:31:22,200 --> 00:31:24,960
Speaker 1: circulate when they're cutting deals like this, and and and

622
00:31:25,000 --> 00:31:27,760
Speaker 1: when Congressman like Tom Cole, who is in the know,

623
00:31:27,960 --> 00:31:30,200
Speaker 1: and and it's very savvy, says yeah, I've been reviewing

624
00:31:30,200 --> 00:31:33,120
Speaker 1: this secret agreement all day, and yeah, there's probably a

625
00:31:33,160 --> 00:31:35,160
Speaker 1: secret agreement, but it sounds like from the reporting that

626
00:31:35,200 --> 00:31:37,960
Speaker 1: it's all the stuff we already know. So I guess

627
00:31:38,000 --> 00:31:41,080
Speaker 1: that's the form it came in. And Uh, if there's

628
00:31:41,080 --> 00:31:44,479
Speaker 1: any pushback to it, I haven't really heard. Um. You know,

629
00:31:44,600 --> 00:31:47,520
Speaker 1: I think if you hadn't seen it, you're a member

630
00:31:47,520 --> 00:31:49,440
Speaker 1: of Congress who's out of the know, and you've got

631
00:31:49,440 --> 00:31:51,640
Speaker 1: to get you know, you gotta get a better access.

632
00:31:52,480 --> 00:31:56,480
Speaker 1: But I don't think it's gonna substantially change anything. Deals

633
00:31:56,480 --> 00:31:59,160
Speaker 1: are done all the time for chairmanships. Deals are done

634
00:31:59,240 --> 00:32:02,480
Speaker 1: all the time, you know, for specific pieces of legislation,

635
00:32:02,760 --> 00:32:08,000
Speaker 1: uh and and specific benefits to a member's district. Um. So,

636
00:32:08,000 --> 00:32:11,240
Speaker 1: so this is all sort of I think, more typical

637
00:32:11,880 --> 00:32:15,240
Speaker 1: of how the House of Representatives runs itself and uh

638
00:32:15,280 --> 00:32:16,880
Speaker 1: And I think we'll just see more and more of

639
00:32:16,880 --> 00:32:19,720
Speaker 1: that sort of getting out because if if it's written down,

640
00:32:19,720 --> 00:32:21,680
Speaker 1: the one thing for Sharon Washington is that it will

641
00:32:21,720 --> 00:32:25,000
Speaker 1: be published. Yes, right. And one thing that was actually

642
00:32:25,000 --> 00:32:27,640
Speaker 1: written down here, and we've talked about a bit Genie,

643
00:32:27,680 --> 00:32:30,680
Speaker 1: is getting more members of the Freedom Caucus on the

644
00:32:30,800 --> 00:32:33,760
Speaker 1: Rules Committee. I don't know if it's for what final

645
00:32:33,840 --> 00:32:36,240
Speaker 1: number they came to here, but how does that change

646
00:32:36,280 --> 00:32:38,920
Speaker 1: the contours of the House and the types of bills

647
00:32:38,960 --> 00:32:41,920
Speaker 1: we're going to see? Well, we understand it was three,

648
00:32:42,040 --> 00:32:44,640
Speaker 1: and you know it does change to a certain extent

649
00:32:44,720 --> 00:32:48,000
Speaker 1: because it essentially at three. So the Rules Committee is thirteen.

650
00:32:48,400 --> 00:32:51,080
Speaker 1: Nine of those are Republican if three go for the

651
00:32:51,120 --> 00:32:54,880
Speaker 1: Freedom Caucus. Essentially, those conservatives, some of them were never Trump, never,

652
00:32:55,200 --> 00:32:58,080
Speaker 1: never Kevin McCarthy people until they were they have a

653
00:32:58,160 --> 00:33:00,840
Speaker 1: veto power in terms of deciding what gets done in

654
00:33:00,880 --> 00:33:03,040
Speaker 1: the House, what gets to the floor. So they do

655
00:33:03,160 --> 00:33:05,560
Speaker 1: have a good amount of power. I mean, it's not

656
00:33:05,680 --> 00:33:08,320
Speaker 1: something we hear an awful lot about, you know, just

657
00:33:08,480 --> 00:33:12,040
Speaker 1: sort of and regular sort of news cycles, because it's

658
00:33:12,080 --> 00:33:14,440
Speaker 1: not all that interesting and it is kind of mundane.

659
00:33:14,680 --> 00:33:16,960
Speaker 1: But it does give them an awful lot of power.

660
00:33:17,360 --> 00:33:19,320
Speaker 1: And you know, as we were talking about sort of

661
00:33:19,360 --> 00:33:22,840
Speaker 1: this finding religion on this issue of spending, that can

662
00:33:22,880 --> 00:33:26,520
Speaker 1: be a big, big challenge for the House Republicans politically

663
00:33:26,840 --> 00:33:29,320
Speaker 1: if they are pushed in the direction of automatic cuts

664
00:33:29,360 --> 00:33:33,840
Speaker 1: to things like discretionary spending. Jennie Chanzano and Rick Davis

665
00:33:33,840 --> 00:33:35,840
Speaker 1: make our signature panel there with us for the hour

666
00:33:35,960 --> 00:33:38,760
Speaker 1: as we keep an eye on Mexico City and wonder

667
00:33:38,920 --> 00:33:40,960
Speaker 1: if the Three Amigos will emerge. When they do, of

668
00:33:41,000 --> 00:33:43,560
Speaker 1: course they will, They're gonna do an important news conference

669
00:33:43,600 --> 00:33:46,880
Speaker 1: they will bring to you live here on Bloomberg Radio.

670
00:33:46,920 --> 00:33:50,080
Speaker 1: It's the fastest hour in politics on Joe Matthew in Washington.

671
00:33:50,240 --> 00:33:58,760
Speaker 1: This is Bloomberg. This is Bloomberg. So long with Joe

672
00:33:58,800 --> 00:34:04,120
Speaker 1: Matthew on Bloomberg Radio. Bloomberg Sound On brought to you

673
00:34:04,160 --> 00:34:08,120
Speaker 1: by Innovation Refunds that small business impacted by the COVID

674
00:34:08,200 --> 00:34:12,040
Speaker 1: nine team pandemic may qualify for the Employee Retention Credit

675
00:34:12,640 --> 00:34:15,480
Speaker 1: let innovation refunds. Do the work. Find out now if

676
00:34:15,480 --> 00:34:19,160
Speaker 1: your organization qualifies for e r C assistance. They've already

677
00:34:19,200 --> 00:34:24,279
Speaker 1: helped businesses claim over two billion dollars in payroll tax refunds.

678
00:34:24,719 --> 00:34:27,920
Speaker 1: Learn more at get refunds dot com. So the headline

679
00:34:27,920 --> 00:34:31,799
Speaker 1: on the terminal House GOP demands probe of Biden files

680
00:34:31,840 --> 00:34:35,400
Speaker 1: after defending Trump. You heard about the files the documents.

681
00:34:36,480 --> 00:34:39,200
Speaker 1: Now Joe Biden's got his classified documents here, and you

682
00:34:39,280 --> 00:34:41,799
Speaker 1: better believe that Republicans are not waiting around, even if

683
00:34:42,520 --> 00:34:46,520
Speaker 1: his story is very different from that of Donald Trump.

684
00:34:47,000 --> 00:34:51,640
Speaker 1: Congressman Mike Turner, a Republican from Ohio, leads the House

685
00:34:51,640 --> 00:34:55,720
Speaker 1: Intelligence Committee has already written to the Director of National

686
00:34:55,760 --> 00:35:01,279
Speaker 1: Intelligence requesting an immediate damage assessment. So got ten documents here.

687
00:35:01,320 --> 00:35:04,239
Speaker 1: They found them in Joe Biden's old office that he

688
00:35:04,320 --> 00:35:06,280
Speaker 1: used as Vice president, who has been in that office

689
00:35:06,320 --> 00:35:08,040
Speaker 1: since then. By the way, this is at the pen

690
00:35:08,120 --> 00:35:15,280
Speaker 1: Biden Center in Washington. D c uh Classified documents unknown.

691
00:35:15,320 --> 00:35:18,319
Speaker 1: What is in their reports say there's nothing nuclear, so

692
00:35:18,840 --> 00:35:22,320
Speaker 1: at least there's that, and Republicans say double standard. Here's

693
00:35:22,400 --> 00:35:25,719
Speaker 1: Steve Scalise at a news briefing earlier. If then Vice

694
00:35:25,760 --> 00:35:29,160
Speaker 1: President Biden took classified documents with him and held them

695
00:35:29,200 --> 00:35:33,680
Speaker 1: for years and criticized President former President Trump during that

696
00:35:33,800 --> 00:35:36,520
Speaker 1: same time that he had those classified documents, and only

697
00:35:36,560 --> 00:35:38,920
Speaker 1: after it was uncovered did he turn him back. I

698
00:35:38,920 --> 00:35:41,480
Speaker 1: wonder why the press isn't asking the same questions of him.

699
00:35:41,960 --> 00:35:46,680
Speaker 1: So it's the Prince's fault too. Marjorie Taylor Green cranks

700
00:35:46,760 --> 00:35:49,360
Speaker 1: up the heat from there. Not just double standards, she

701
00:35:49,480 --> 00:35:53,279
Speaker 1: says grounds for impeachment. Reporters caught up, whether they're in

702
00:35:53,280 --> 00:35:56,880
Speaker 1: the hallways of the House. Here she is vice presidents

703
00:35:57,000 --> 00:36:01,600
Speaker 1: cannot declassify documents, and the fact that Joe Biden is

704
00:36:01,640 --> 00:36:05,120
Speaker 1: in possession of classified documents when he was vice president

705
00:36:05,640 --> 00:36:08,319
Speaker 1: signals that we need to have a serious investigation into this.

706
00:36:08,920 --> 00:36:12,520
Speaker 1: And there's a there's a true to tier justice system, uh,

707
00:36:12,560 --> 00:36:16,040
Speaker 1: stemming from Merritt Garland's Department of Justice and the way

708
00:36:16,040 --> 00:36:19,280
Speaker 1: that President Trump has been treated. Who who is allowed

709
00:36:19,320 --> 00:36:23,840
Speaker 1: to classify and declassified documents? Presidents can do that versus

710
00:36:24,080 --> 00:36:27,880
Speaker 1: the Democrats and Joe Biden, And how he's being treated. Um,

711
00:36:27,920 --> 00:36:31,200
Speaker 1: I'll echo again, uh, impeach Biden, and that's what we

712
00:36:31,239 --> 00:36:35,280
Speaker 1: need to do. Impeach Biden. It's on the Oversight committee.

713
00:36:36,960 --> 00:36:41,280
Speaker 1: Jennie Chanzano and Rick Davis, our panels certainly have thoughts, Genie,

714
00:36:41,360 --> 00:36:43,200
Speaker 1: you think before you dig into this. You know, when

715
00:36:43,200 --> 00:36:45,919
Speaker 1: they heard about the case of marl Lago before Joe

716
00:36:45,920 --> 00:36:48,799
Speaker 1: Biden ever answered any questions on it, and he's been

717
00:36:48,800 --> 00:36:52,120
Speaker 1: pretty careful not to actually with this particular story, but

718
00:36:52,200 --> 00:36:54,040
Speaker 1: he ended up calling it. He was making fun of it,

719
00:36:54,560 --> 00:36:58,960
Speaker 1: talked about how ridiculous this idea is. Wouldn't they check,

720
00:36:59,080 --> 00:37:02,560
Speaker 1: maybe check the office, make sure maybe we don't have

721
00:37:02,560 --> 00:37:06,560
Speaker 1: any classified documents around here first, you would hope, and

722
00:37:06,640 --> 00:37:09,120
Speaker 1: you would think. What we understand happened was they were

723
00:37:09,280 --> 00:37:11,480
Speaker 1: that he sent lawyers in to clean out this office

724
00:37:11,480 --> 00:37:15,040
Speaker 1: because it had personal information and it including information on

725
00:37:15,120 --> 00:37:18,760
Speaker 1: his son's funeral and cards and those things. Going through boxes,

726
00:37:18,840 --> 00:37:21,799
Speaker 1: they find something says VP personal, Open it and it

727
00:37:21,840 --> 00:37:25,680
Speaker 1: looks to be classified. So these mistakes do happen. They

728
00:37:25,680 --> 00:37:29,719
Speaker 1: happened pretty frequently and pretty regularly. Unfortunately, you know, the

729
00:37:29,800 --> 00:37:33,719
Speaker 1: lawyers alerted the archives and so on it went. So

730
00:37:33,800 --> 00:37:36,440
Speaker 1: they took the right steps. But the reality is, because

731
00:37:36,440 --> 00:37:39,840
Speaker 1: of what happened with Donald Trump, this has gotten you know,

732
00:37:39,960 --> 00:37:42,319
Speaker 1: is really a political gift to Trump and the Republicans

733
00:37:42,360 --> 00:37:44,759
Speaker 1: at this point. And Merrick Garland is now in a

734
00:37:44,920 --> 00:37:47,759
Speaker 1: real bind because if it hadn't been for Trump, you

735
00:37:47,760 --> 00:37:51,560
Speaker 1: even imagine he may not have referred this to this.

736
00:37:51,640 --> 00:37:54,319
Speaker 1: You know, Trump appointed U s attorney in Chicago, but

737
00:37:54,440 --> 00:37:57,000
Speaker 1: because of Trump, he had to do that. And now

738
00:37:57,040 --> 00:37:59,480
Speaker 1: the question is does he appoint a special counsel? So

739
00:37:59,800 --> 00:38:02,799
Speaker 1: he's in a box and all of this goes back

740
00:38:02,800 --> 00:38:05,760
Speaker 1: to Trump. The reality is the situations are very different,

741
00:38:05,760 --> 00:38:08,600
Speaker 1: but politically it's not gonna matter much because this will

742
00:38:08,640 --> 00:38:12,600
Speaker 1: be investigated at nauseum in the Republican House at this point.

743
00:38:12,719 --> 00:38:17,840
Speaker 1: Listen to the Democratic defense Pete Agilar, the congressman who

744
00:38:18,120 --> 00:38:23,600
Speaker 1: recently became House Democratic Caucus Chair, speaking to reporters this morning.

745
00:38:24,120 --> 00:38:29,760
Speaker 1: This is Republican hypocrisy in its finest. When the former

746
00:38:29,800 --> 00:38:37,160
Speaker 1: president had documents found his personal residence, they said that

747
00:38:37,520 --> 00:38:42,280
Speaker 1: quote that will not be a priority. What President Biden

748
00:38:42,440 --> 00:38:47,680
Speaker 1: did was disclosed this to the archives. Let law enforcement

749
00:38:47,719 --> 00:38:51,839
Speaker 1: know that is exactly the way that you should handle this.

750
00:38:54,040 --> 00:38:58,640
Speaker 1: Republican hypocrisy, Rick Davis, Is he wrong? You know? Look,

751
00:38:58,680 --> 00:39:01,120
Speaker 1: there aren't from what I can tell from the reporting

752
00:39:01,160 --> 00:39:05,320
Speaker 1: moral equivalence here. But look, he did have classified documents

753
00:39:05,320 --> 00:39:07,600
Speaker 1: in his possession. The only way he probably could have

754
00:39:07,680 --> 00:39:09,720
Speaker 1: gotten him is if he'd have walked out of the

755
00:39:09,719 --> 00:39:13,359
Speaker 1: White House with him when he and his term as

756
00:39:13,440 --> 00:39:16,759
Speaker 1: vice president. And that's a violation of law. And so

757
00:39:17,080 --> 00:39:20,520
Speaker 1: regardless of how they were found now years later, Uh,

758
00:39:20,560 --> 00:39:24,319
Speaker 1: they've been sitting in an unsecure location, uh, in the

759
00:39:24,360 --> 00:39:27,360
Speaker 1: possession of him and other people who aren't allowed to

760
00:39:27,400 --> 00:39:31,160
Speaker 1: have them. Uh. And so I have no patience both

761
00:39:31,160 --> 00:39:35,160
Speaker 1: for Donald Trump or the Vice president or the president, uh,

762
00:39:35,200 --> 00:39:39,520
Speaker 1: if they aren't respecting the institutions of government to protect

763
00:39:39,560 --> 00:39:43,000
Speaker 1: our secrets are most important things that we have as

764
00:39:43,000 --> 00:39:45,600
Speaker 1: a government. Look, when you turn eighty, you get the

765
00:39:45,640 --> 00:39:47,880
Speaker 1: excuse right, you get to hide your own exitt easter

766
00:39:48,239 --> 00:39:50,560
Speaker 1: and you can like find things in your closet you're

767
00:39:50,600 --> 00:39:53,880
Speaker 1: not responsible for. Come on, give it a break. Well, okay,

768
00:39:54,040 --> 00:39:56,279
Speaker 1: is it not worth the pointing out that you know

769
00:39:56,440 --> 00:40:01,200
Speaker 1: Donald Trump resisted, uh for months. It's to return documents

770
00:40:01,200 --> 00:40:04,960
Speaker 1: that were under subpoena. Is Is it not a pretty

771
00:40:05,000 --> 00:40:08,160
Speaker 1: different case when it comes to the way these two responded. Yeah,

772
00:40:08,239 --> 00:40:10,840
Speaker 1: that's my point about moral equivalency, right, There isn't a

773
00:40:10,880 --> 00:40:14,000
Speaker 1: moral equivalency is to how these two individuals handled them.

774
00:40:14,120 --> 00:40:16,600
Speaker 1: But they were both wrong. Right, there's no like right

775
00:40:16,680 --> 00:40:19,640
Speaker 1: or wrong here. They're both wrong. Now, you know, Donald

776
00:40:19,640 --> 00:40:22,879
Speaker 1: Trump is also wrong for having hid them and lied

777
00:40:22,920 --> 00:40:26,000
Speaker 1: to the investigators who are trying to find them, and

778
00:40:26,000 --> 00:40:28,920
Speaker 1: and and get them in the right location. Uh and

779
00:40:28,920 --> 00:40:31,000
Speaker 1: and and in this case, you know, from what we

780
00:40:31,040 --> 00:40:33,719
Speaker 1: can tell from the early reporting, Joe Biden's surprised to

781
00:40:33,760 --> 00:40:35,680
Speaker 1: happen where those things come from. Now they've been sitting

782
00:40:35,680 --> 00:40:38,480
Speaker 1: in your closet for years. Uh So, I mean they're

783
00:40:38,520 --> 00:40:42,080
Speaker 1: both wrong. One is one is more wrong on other issues,

784
00:40:42,120 --> 00:40:45,200
Speaker 1: like um not cooperating with the federal government to try

785
00:40:45,200 --> 00:40:48,279
Speaker 1: and protect our secrets. Sure, but we we need to

786
00:40:48,320 --> 00:40:51,720
Speaker 1: have a culture in the reporting, uh and in our

787
00:40:51,760 --> 00:40:54,319
Speaker 1: society that we want to protect these secrets and that

788
00:40:54,360 --> 00:40:58,480
Speaker 1: there should be no excuse for someone mishandling our nation secrets.

789
00:40:58,560 --> 00:41:00,719
Speaker 1: They're also hundreds in the case a Trump, ten in

790
00:41:00,760 --> 00:41:02,839
Speaker 1: the case of Joe Biden. Is it is it worth

791
00:41:02,920 --> 00:41:06,840
Speaker 1: Democrats time and political capital to defend this genie? You know?

792
00:41:06,960 --> 00:41:08,880
Speaker 1: Whether it's worth it or not, they will do it,

793
00:41:08,880 --> 00:41:11,799
Speaker 1: and we can already we're already seeing the litany of differences.

794
00:41:11,960 --> 00:41:13,960
Speaker 1: You know, you can just go down and chart them up.

795
00:41:14,000 --> 00:41:16,120
Speaker 1: A hundred and sixty plus for Trump, less than ten

796
00:41:16,160 --> 00:41:19,719
Speaker 1: for Biden. The reality is also politically, this is a

797
00:41:19,840 --> 00:41:23,120
Speaker 1: nightmare for Biden. He went on sixty minutes and he said,

798
00:41:23,200 --> 00:41:27,759
Speaker 1: quote unquote, totally irresponsible. How could that possibly happen? And

799
00:41:27,800 --> 00:41:30,759
Speaker 1: then oops, it happened to him? And of course it

800
00:41:30,880 --> 00:41:34,320
Speaker 1: was found out before the election, and Republicans are raising

801
00:41:34,360 --> 00:41:37,359
Speaker 1: heck about the fact why wasn't this mentioned when it

802
00:41:37,440 --> 00:41:40,640
Speaker 1: was first found out? So it almost doesn't matter. Democrats

803
00:41:40,640 --> 00:41:43,600
Speaker 1: will certainly try to persist. The reality is it's wrong.

804
00:41:43,719 --> 00:41:46,520
Speaker 1: Is Rick mentioned in either case? And what we're hearing

805
00:41:46,560 --> 00:41:50,200
Speaker 1: now is this included background briefing memos which covered Iran,

806
00:41:50,640 --> 00:41:54,799
Speaker 1: UK and oops, Ukraine. There's Hunter Biden all over this

807
00:41:54,920 --> 00:41:57,920
Speaker 1: and that is a big, big problem for the Biden administration,

808
00:41:58,160 --> 00:42:01,279
Speaker 1: but particularly for poor MERRICKA Land. The man tries to

809
00:42:01,280 --> 00:42:03,520
Speaker 1: stay above the political frame, he just can't keep out

810
00:42:03,560 --> 00:42:06,160
Speaker 1: of it. Well, I guess that's I guess that's true.

811
00:42:06,200 --> 00:42:08,319
Speaker 1: I'll tell you why. There's an Oversight Committee that is

812
00:42:08,360 --> 00:42:11,200
Speaker 1: prepared to have a hearing on this. What a year

813
00:42:11,280 --> 00:42:14,239
Speaker 1: this is gonna be. By the way, we do have

814
00:42:14,360 --> 00:42:16,360
Speaker 1: eyes not on Joe Biden, but on the staging that

815
00:42:16,480 --> 00:42:19,080
Speaker 1: is waiting for him and the leaders of Canada and Mexico.

816
00:42:19,160 --> 00:42:21,319
Speaker 1: Secretary b Lincoln has walked in. You'd think this will

817
00:42:21,360 --> 00:42:24,120
Speaker 1: start soon. It's over an hour late. The Three Amigos

818
00:42:24,160 --> 00:42:27,400
Speaker 1: and the Trilateral news conference will air it when it begins.

819
00:42:27,480 --> 00:42:34,160
Speaker 1: This is Bloomberg. This is Bloomberg, So Nong with Joe

820
00:42:34,200 --> 00:42:40,120
Speaker 1: Matthew on Bloomberg Radio, the fastest hour in Politics. I'm

821
00:42:40,200 --> 00:42:43,040
Speaker 1: Joe Matthew and Washington with our panels and final thoughts

822
00:42:43,080 --> 00:42:45,840
Speaker 1: from Rick Davis and Jeannie Schanzano with new Who's on

823
00:42:46,000 --> 00:42:49,920
Speaker 1: George Santos at last? What a bizarre start to a

824
00:42:49,960 --> 00:42:52,200
Speaker 1: congressional career. I mean, I'm not even talking about the

825
00:42:52,239 --> 00:42:55,080
Speaker 1: resume stuff, just sitting there alone in the House chamber.

826
00:42:55,120 --> 00:42:59,439
Speaker 1: Then finally Lauren Bobert siles up to you. You meet

827
00:42:59,480 --> 00:43:03,120
Speaker 1: Matt Gate, then they swear you in. And as George

828
00:43:03,120 --> 00:43:05,879
Speaker 1: Santos is now officially a member of Congress, he also

829
00:43:05,920 --> 00:43:10,200
Speaker 1: officially faces a Congressional ethics complaint. It was filed today.

830
00:43:10,560 --> 00:43:12,879
Speaker 1: Two Democrats from New York, yes, there are two left,

831
00:43:13,000 --> 00:43:18,200
Speaker 1: Congressman Dan Goldman among them, Richie Torres. The other Goldmen

832
00:43:18,280 --> 00:43:24,320
Speaker 1: talked about the outrage here, but Steve Scalise was asked

833
00:43:24,320 --> 00:43:27,440
Speaker 1: about it UH as well, and we'll have some of

834
00:43:27,440 --> 00:43:29,759
Speaker 1: their comments ahead. What I want to do is here

835
00:43:29,760 --> 00:43:32,400
Speaker 1: from George Santos himself. Reporters have been running down the

836
00:43:32,440 --> 00:43:35,160
Speaker 1: hall after him every day since he has been there.

837
00:43:35,360 --> 00:43:38,040
Speaker 1: He finally promised, well, he didn't talk today, but he

838
00:43:38,080 --> 00:43:41,640
Speaker 1: promised to talk soon. Here's George Santos. I've already said

839
00:43:41,640 --> 00:43:43,719
Speaker 1: I will be addressed on a meeting in short time,

840
00:43:43,880 --> 00:43:47,080
Speaker 1: So I would appreciate you guys. Give that time and

841
00:43:47,120 --> 00:43:49,759
Speaker 1: we'll we'll be talking to all of you. They're gonna

842
00:43:49,840 --> 00:43:51,520
Speaker 1: keep doing They'll be hounding him every day in the

843
00:43:51,560 --> 00:43:55,360
Speaker 1: halls until he finally does speak. Steve Scalise, of course,

844
00:43:55,440 --> 00:44:00,400
Speaker 1: the Republican UH majority leader here talking about the party's

845
00:44:00,560 --> 00:44:03,480
Speaker 1: response to this, because it's been pretty quiet so far. Well,

846
00:44:03,520 --> 00:44:05,759
Speaker 1: you saw him seated last week. There were no challenges

847
00:44:05,800 --> 00:44:08,640
Speaker 1: to that. This is something that's being handled internally. Obviously,

848
00:44:08,680 --> 00:44:11,880
Speaker 1: there were concerns about what we had heard and so

849
00:44:11,920 --> 00:44:13,680
Speaker 1: we're gonna have to sit down and talk to him

850
00:44:13,680 --> 00:44:15,399
Speaker 1: about it, and that's something that we're going to deal with,

851
00:44:15,920 --> 00:44:17,520
Speaker 1: just like there's a lot of other things we're gonna

852
00:44:17,600 --> 00:44:19,640
Speaker 1: deal with. Sit down to talk to him about it.

853
00:44:19,719 --> 00:44:21,400
Speaker 1: Something tells me that he's going to be there for

854
00:44:21,400 --> 00:44:23,280
Speaker 1: a minute. Of course, we know that the Ethics Committee

855
00:44:23,840 --> 00:44:27,080
Speaker 1: UH is going through its own issues right now, Rick Davis,

856
00:44:27,080 --> 00:44:30,480
Speaker 1: how does the Republican Party deal with this? In the House,

857
00:44:30,520 --> 00:44:34,920
Speaker 1: Democrats have been clear, this is Kevin McCarthy's problem. Yeah, UH,

858
00:44:35,480 --> 00:44:38,600
Speaker 1: I can't imagine right now McCarthy doing anything in the

859
00:44:38,680 --> 00:44:44,040
Speaker 1: short run to UM either punish or issue an investigation

860
00:44:44,080 --> 00:44:48,560
Speaker 1: by the Ethics Committee on Santos. UH. It's an embarrassment.

861
00:44:48,560 --> 00:44:51,239
Speaker 1: There's no question. No Republican member walking around the floor

862
00:44:51,280 --> 00:44:54,400
Speaker 1: today wants to answer questions about this fella or not

863
00:44:54,680 --> 00:44:56,480
Speaker 1: and and and so I think they're just trying to

864
00:44:56,520 --> 00:44:59,520
Speaker 1: figure it out. It is highly unlikely that they're gonna

865
00:44:59,520 --> 00:45:01,440
Speaker 1: do anything abou out the status of that seat. That

866
00:45:01,480 --> 00:45:05,960
Speaker 1: seat is important to the to the caucus. He's duly elected. UM.

867
00:45:06,000 --> 00:45:08,160
Speaker 1: The people of the district should be very disappointed and

868
00:45:08,360 --> 00:45:11,799
Speaker 1: if not downright angry that he pulled the wool over

869
00:45:11,840 --> 00:45:14,680
Speaker 1: their eyes. But the reality is he did get sworn in,

870
00:45:14,719 --> 00:45:18,160
Speaker 1: as you mentioned, and he's gonna sit there until there's otherwise,

871
00:45:18,640 --> 00:45:21,800
Speaker 1: you know, some action by the Congress or law enforcement

872
00:45:21,800 --> 00:45:23,719
Speaker 1: to do anything about it. But he's not. I mean,

873
00:45:23,760 --> 00:45:26,080
Speaker 1: they can't fire him, right, even if Kevin McCarthy said,

874
00:45:26,080 --> 00:45:28,799
Speaker 1: I got your vote, You're fired. It doesn't work like that.

875
00:45:28,840 --> 00:45:31,000
Speaker 1: They can censure him. They could probably kick him out

876
00:45:31,000 --> 00:45:33,200
Speaker 1: of the caucus, right, but he wouldn't. He have to

877
00:45:33,200 --> 00:45:35,640
Speaker 1: be recalled by the state of New York. Yeah, he

878
00:45:35,680 --> 00:45:37,799
Speaker 1: can't just be thrown out of the House. I'm sure

879
00:45:37,840 --> 00:45:42,000
Speaker 1: there's um uh, some provisions. I honestly don't know that

880
00:45:42,360 --> 00:45:45,759
Speaker 1: under certain circumstances, felonies and things like that. But there

881
00:45:45,760 --> 00:45:48,640
Speaker 1: are there are members that have committed felonies or walking

882
00:45:48,640 --> 00:45:53,000
Speaker 1: around the floor right now. So I think that I

883
00:45:53,040 --> 00:45:55,600
Speaker 1: think that you need to understand the House of Representatives

884
00:45:55,600 --> 00:45:58,719
Speaker 1: is a place that uh uh. These are the kinds

885
00:45:58,719 --> 00:46:01,720
Speaker 1: of people sometimes who show up there and they're it's salty,

886
00:46:01,920 --> 00:46:04,960
Speaker 1: it's not it's not good, but it is a cross

887
00:46:05,000 --> 00:46:07,799
Speaker 1: representation of America at his best. With a great line

888
00:46:07,800 --> 00:46:09,880
Speaker 1: from Rick Davis, Jenny, sometimes these are the kind of

889
00:46:09,920 --> 00:46:12,800
Speaker 1: people show up there. How long is he going to

890
00:46:12,920 --> 00:46:16,480
Speaker 1: hang around? You know, two years at the most. And

891
00:46:16,560 --> 00:46:19,839
Speaker 1: let me just say, outrage is what the people on

892
00:46:19,880 --> 00:46:22,320
Speaker 1: Long Island who are part of his district are feeling.

893
00:46:22,360 --> 00:46:25,200
Speaker 1: And Republicans, by the way, more than Democrats is what

894
00:46:25,239 --> 00:46:28,279
Speaker 1: we're hearing. They are absolutely outraged that the wool was

895
00:46:28,320 --> 00:46:31,359
Speaker 1: pulled over their eyes like this. And Kevin McCarthy has

896
00:46:31,400 --> 00:46:35,239
Speaker 1: got to be frustrated quietly because we're hearing today that

897
00:46:35,280 --> 00:46:38,400
Speaker 1: one of the campaign staffers for George Santos was paid

898
00:46:38,440 --> 00:46:41,400
Speaker 1: nearly a hundred thousand dollars to pretend to be McCarthy's

899
00:46:41,480 --> 00:46:45,080
Speaker 1: chief of staff and raise money from donors, big money.

900
00:46:45,160 --> 00:46:47,799
Speaker 1: And this is what is going on here. So you know,

901
00:46:48,000 --> 00:46:51,239
Speaker 1: they do have the option of doing things like suspension

902
00:46:51,239 --> 00:46:53,319
Speaker 1: and expulsion, but they're not going to do that for

903
00:46:53,320 --> 00:46:55,520
Speaker 1: the reasons Rick talked about. Something tells me he's going

904
00:46:55,560 --> 00:46:58,880
Speaker 1: to be staying around Washington. Forget going home. Uh, stay

905
00:46:58,920 --> 00:47:02,200
Speaker 1: with us here on Boomberg Radio and this news conference begins.

906
00:47:02,200 --> 00:47:04,279
Speaker 1: By God, we'll have it for you a live from

907
00:47:04,280 --> 00:47:07,040
Speaker 1: Mexico City. Rick Davis and Jennie Chanzano. A great pleasure

908
00:47:07,120 --> 00:47:10,439
Speaker 1: is always our signature panel here on the fastest hour

909
00:47:10,520 --> 00:47:12,560
Speaker 1: in politics. Let' meet you back here tomorrow. We'll hash

910
00:47:12,600 --> 00:47:15,160
Speaker 1: on what they said. I'm Joe Matthew. This is Bloomberg.

911
00:47:15,920 --> 00:47:16,200
Speaker 1: Lute