1 00:00:02,400 --> 00:00:06,760 Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News. 2 00:00:07,080 --> 00:00:09,920 Speaker 2: We have just gotten the gavel. The House has officially 3 00:00:10,160 --> 00:00:13,080 Speaker 2: passed this stopgap funding measure that will keep the government 4 00:00:13,080 --> 00:00:16,680 Speaker 2: funded through March fourteenth of next year. The tally three 5 00:00:16,800 --> 00:00:20,160 Speaker 2: hundred and sixty six votes for this measure, only thirty 6 00:00:20,160 --> 00:00:22,840 Speaker 2: four against. Not a single one of those votes against 7 00:00:22,840 --> 00:00:26,160 Speaker 2: came from a Democrat. Ultimately, it was the Democrats who 8 00:00:26,200 --> 00:00:28,720 Speaker 2: provided more votes to get this over the finish line, 9 00:00:28,720 --> 00:00:32,000 Speaker 2: one hundred and ninety six Democratic members voting yes compared 10 00:00:32,040 --> 00:00:34,919 Speaker 2: to one hundred and seventy Republicans. I want to come 11 00:00:34,920 --> 00:00:38,000 Speaker 2: back to our political panel, Janie Shanzeno and Lester months 12 00:00:38,000 --> 00:00:41,240 Speaker 2: in here. Lester, there were thirty eight Republicans who last 13 00:00:41,320 --> 00:00:43,920 Speaker 2: night voted down the measure inclusive of the debt ceiling. 14 00:00:44,400 --> 00:00:47,960 Speaker 2: Thirty four Republicans voted down this today with the debt 15 00:00:48,000 --> 00:00:51,720 Speaker 2: ceiling taken out, it only changed four minds on that front. 16 00:00:51,920 --> 00:00:53,160 Speaker 2: What does that signal to you. 17 00:00:53,159 --> 00:00:55,280 Speaker 3: Well, it also changed the minds of all the Democrats. 18 00:00:55,440 --> 00:00:57,680 Speaker 2: Fair enough, Yes, right, And that's. 19 00:00:57,160 --> 00:01:01,360 Speaker 3: Really the key here. And so Democrats are clearly take 20 00:01:01,600 --> 00:01:05,319 Speaker 3: Genie's earlier points on this exact question to heart. Democrats 21 00:01:05,400 --> 00:01:07,840 Speaker 3: want to kind of force the votes next year and 22 00:01:07,959 --> 00:01:11,399 Speaker 3: maximize their leverage over these tax issues which they are 23 00:01:11,440 --> 00:01:13,959 Speaker 3: clearly going to be targeting. So you're starting to see 24 00:01:14,240 --> 00:01:18,400 Speaker 3: the Democrats marshal their forces behind an agenda, thinking coherently 25 00:01:18,400 --> 00:01:20,959 Speaker 3: about what that means, being willing to take some tough 26 00:01:21,040 --> 00:01:23,520 Speaker 3: votes to get that done. And you saw those I 27 00:01:23,560 --> 00:01:25,840 Speaker 3: think there was one present vote among the Democrats that 28 00:01:25,920 --> 00:01:28,080 Speaker 3: there's one one Democrat who didn't vote favor this thing. 29 00:01:28,280 --> 00:01:30,720 Speaker 3: So they have near total unanimity. They've they've got some 30 00:01:30,760 --> 00:01:33,479 Speaker 3: real leadership. The question is going to be I think 31 00:01:33,640 --> 00:01:37,720 Speaker 3: next year, can Senator Thun and Speaker Johnson do the 32 00:01:37,760 --> 00:01:41,240 Speaker 3: same thing that McConnell and Ryan did eight years ago 33 00:01:41,600 --> 00:01:45,640 Speaker 3: when they really guided the president's domestic agenda through Congress. 34 00:01:45,640 --> 00:01:50,960 Speaker 3: Can these new leadership members do something like that next year? 35 00:01:51,000 --> 00:01:52,400 Speaker 3: It's going to be a real challenge for him. 36 00:01:52,520 --> 00:01:54,560 Speaker 2: Well, So, Genie, this is an excellent point that Lester 37 00:01:54,640 --> 00:01:56,560 Speaker 2: is making, this notion that by and large we do 38 00:01:56,600 --> 00:01:59,880 Speaker 2: see the Democrats sticking together and ultimately whatever Hawking Jeffrey 39 00:02:00,040 --> 00:02:03,240 Speaker 2: says is usually what goes. And I wonder if you 40 00:02:03,280 --> 00:02:05,160 Speaker 2: think that is going to be as easy to maintain 41 00:02:05,240 --> 00:02:08,040 Speaker 2: when they are being asked to take votes on things 42 00:02:08,080 --> 00:02:10,480 Speaker 2: like securing the border, something that was a weak spot 43 00:02:10,520 --> 00:02:13,959 Speaker 2: for Democrats, frontline Democrats especially, and the last election and 44 00:02:14,120 --> 00:02:15,760 Speaker 2: likely will be again in twenty twenty six. 45 00:02:16,680 --> 00:02:20,040 Speaker 1: Yeah, I think we've seen Hakim Jeffries emerge as a 46 00:02:20,160 --> 00:02:24,560 Speaker 1: very strong leader, following you know, the suit of Nancy Pelosi, 47 00:02:24,639 --> 00:02:27,560 Speaker 1: who's also you know, one of the best that we've had. 48 00:02:28,680 --> 00:02:31,600 Speaker 1: And you know, the reality is is that he does 49 00:02:31,800 --> 00:02:34,880 Speaker 1: have the respect of his caucus, and we've seen over 50 00:02:34,960 --> 00:02:38,120 Speaker 1: and over again, in almost lockstep to Lester's point, that 51 00:02:38,200 --> 00:02:41,320 Speaker 1: they do listen to his advice and that votes very 52 00:02:41,320 --> 00:02:43,920 Speaker 1: well for him. It's not going to be easy, but 53 00:02:44,000 --> 00:02:47,040 Speaker 1: I will say it is easier obviously to be in 54 00:02:47,080 --> 00:02:49,960 Speaker 1: the minority than it is to be in the majority. 55 00:02:50,080 --> 00:02:52,440 Speaker 1: So you know, it may be a different story if 56 00:02:52,480 --> 00:02:55,960 Speaker 1: they took over the majority, But because they're in the minority, 57 00:02:56,000 --> 00:02:58,560 Speaker 1: I think they will stick together next year. And the 58 00:02:58,639 --> 00:03:01,000 Speaker 1: reality is is that it is going to be so 59 00:03:01,160 --> 00:03:04,040 Speaker 1: close next year that Mike Johnson is going to need 60 00:03:04,120 --> 00:03:07,640 Speaker 1: them again and that's not going to sit well with 61 00:03:07,960 --> 00:03:11,359 Speaker 1: people like Andy Biggs and Chip Roy and many others 62 00:03:11,400 --> 00:03:14,640 Speaker 1: on the Republican side. And the question is how does 63 00:03:14,680 --> 00:03:18,919 Speaker 1: Donald Trump handle this particularly? How does he handle it 64 00:03:19,120 --> 00:03:23,720 Speaker 1: when somebody like Elon Musk is controlling the largest megaphone 65 00:03:24,080 --> 00:03:27,080 Speaker 1: maybe we have out there in terms of the Republican media, 66 00:03:27,400 --> 00:03:30,840 Speaker 1: and when he shouts, everybody listens. That's going to be 67 00:03:30,960 --> 00:03:34,640 Speaker 1: really fascinating to watch. Well. 68 00:03:34,680 --> 00:03:38,080 Speaker 2: Elon Musk's counterpart and in leading this new government Department 69 00:03:38,120 --> 00:03:41,120 Speaker 2: of Government Efficiency, has just posted his thoughts on x 70 00:03:41,280 --> 00:03:44,960 Speaker 2: vik Ramaswami, saying, quote, the last seventy two hours highlighted 71 00:03:44,960 --> 00:03:47,880 Speaker 2: the positive impact that DOGE can have, but it also 72 00:03:48,040 --> 00:03:52,560 Speaker 2: laid bare the massive lift ahead next year. We're ready 73 00:03:52,600 --> 00:03:55,520 Speaker 2: for it, Lester, Both of Ake and Elon Musk aren't 74 00:03:55,520 --> 00:03:58,600 Speaker 2: exactly ultra familiar with Washington. Do you really think they 75 00:03:58,640 --> 00:03:59,760 Speaker 2: are ready for it? 76 00:04:00,160 --> 00:04:00,240 Speaker 1: No? 77 00:04:01,200 --> 00:04:03,280 Speaker 3: But I do like the way everyone is kind of 78 00:04:03,320 --> 00:04:06,480 Speaker 3: dumping their hopes and dreams into the DOGE. Right. Oh, 79 00:04:06,520 --> 00:04:08,920 Speaker 3: this problem will be fixed next year with DOGE. Oh, 80 00:04:09,000 --> 00:04:11,800 Speaker 3: DOGE has a huge opportunity. DOGE has already affected things. 81 00:04:11,960 --> 00:04:15,040 Speaker 3: DOSEH isn't really even a thing yet, it does certainly 82 00:04:15,040 --> 00:04:18,520 Speaker 3: have some potential. Their real work won't be done for 83 00:04:18,560 --> 00:04:21,000 Speaker 3: a year and a half. Will this still matter then? 84 00:04:21,240 --> 00:04:24,200 Speaker 3: Will President Trump still have the same relationship with those two. 85 00:04:24,440 --> 00:04:28,080 Speaker 3: That's a big question. So I think it's mostly hopes 86 00:04:28,080 --> 00:04:30,560 Speaker 3: and dreams right now, but it certainly could become reality 87 00:04:30,680 --> 00:04:33,440 Speaker 3: if people actually sit down look at it. Interestingly, there 88 00:04:33,480 --> 00:04:35,359 Speaker 3: was a Tom Cole article on the Wall Street Journal 89 00:04:35,360 --> 00:04:37,480 Speaker 3: this morning talking about they're going to have to look 90 00:04:37,480 --> 00:04:39,880 Speaker 3: at entitlements if they really want to get close to 91 00:04:39,880 --> 00:04:43,120 Speaker 3: a balanced budget. There's real truth in that, and that's 92 00:04:43,160 --> 00:04:45,080 Speaker 3: not really something Republicans want to tackle yet. 93 00:04:45,120 --> 00:04:47,320 Speaker 2: Well, when I was speaking with Congressman Beth Van Dyne 94 00:04:47,360 --> 00:04:49,880 Speaker 2: just a moment ago, she was talking about how they said, yes, 95 00:04:49,920 --> 00:04:51,360 Speaker 2: we're going to raise the debt ceiling, but we're going 96 00:04:51,400 --> 00:04:53,800 Speaker 2: to cut two and a half trillion dollars in spending 97 00:04:53,839 --> 00:04:56,400 Speaker 2: in order to offset that, and Megan schullly mathematically that 98 00:04:56,440 --> 00:04:58,479 Speaker 2: probably doesn't work if you're going to not be touching 99 00:04:58,520 --> 00:05:01,479 Speaker 2: Social Security and Medica, and as does not two point 100 00:05:01,480 --> 00:05:04,240 Speaker 2: five trillion is more than the federal discussion your budget 101 00:05:04,279 --> 00:05:07,080 Speaker 2: on an annual basis. So to put it in perspective, 102 00:05:07,600 --> 00:05:10,599 Speaker 2: the Defense Department is, you know, creeping up to a 103 00:05:10,640 --> 00:05:14,839 Speaker 2: trillion when you factor in emergency spending, and everything else 104 00:05:15,080 --> 00:05:20,080 Speaker 2: is dwarfed in comparison. So finding that means digging deep 105 00:05:20,160 --> 00:05:23,839 Speaker 2: into entitlements. And that's when I think you're going to see, 106 00:05:23,960 --> 00:05:27,279 Speaker 2: particularly House members and senators who are up for election 107 00:05:27,480 --> 00:05:32,200 Speaker 2: in twenty six really getting nervous because that Social Security 108 00:05:32,640 --> 00:05:35,360 Speaker 2: is the third rail, and there are a lot of 109 00:05:35,839 --> 00:05:38,960 Speaker 2: weird rules about how we can legislate on Social Security 110 00:05:38,960 --> 00:05:40,680 Speaker 2: and whether or not it can be part of this 111 00:05:41,040 --> 00:05:44,040 Speaker 2: budget deal, whether it has to be dealt with separately, 112 00:05:44,920 --> 00:05:48,320 Speaker 2: but it is. You know, when you're talking about entitlements, 113 00:05:48,320 --> 00:05:51,280 Speaker 2: you're not just talking about Social Security, You're talking about Medicare, 114 00:05:51,520 --> 00:05:54,440 Speaker 2: you're talking about Medicaid, and you're talking about veterans benefits, 115 00:05:54,480 --> 00:05:59,640 Speaker 2: which is something that lawmakers are very loath to you know, 116 00:06:00,080 --> 00:06:03,440 Speaker 2: send well. But that doesn't mean that Ramaswami and Musk 117 00:06:03,560 --> 00:06:05,640 Speaker 2: might not recommend it. But at the end of the day, 118 00:06:05,640 --> 00:06:07,600 Speaker 2: and Lester was alluding to this, they are not elected 119 00:06:07,640 --> 00:06:11,560 Speaker 2: members of the US government. They can only do recommendations. Technically. 120 00:06:11,960 --> 00:06:14,039 Speaker 2: Have we not learned this week though, that their words 121 00:06:14,120 --> 00:06:18,480 Speaker 2: ultimately can matter to legislation even before they've made their 122 00:06:18,520 --> 00:06:19,680 Speaker 2: doge recommendations. 123 00:06:20,160 --> 00:06:24,479 Speaker 4: Yes and no. Right, so Musk has talted you know, 124 00:06:24,560 --> 00:06:27,839 Speaker 4: look at the you know, fifteen hundred page bill. You know, 125 00:06:27,920 --> 00:06:30,479 Speaker 4: versus this one hundred and forty or however many page 126 00:06:30,480 --> 00:06:33,200 Speaker 4: bill it is, and looking at the differences between the size, 127 00:06:33,400 --> 00:06:35,200 Speaker 4: the fact of the matter is the majority of that 128 00:06:35,279 --> 00:06:37,479 Speaker 4: spending is still in there. And if that is what 129 00:06:37,720 --> 00:06:40,480 Speaker 4: DOGE is going after that one hundred and ten billion 130 00:06:40,560 --> 00:06:44,000 Speaker 4: for farmers and for disaster aid, you know, tells you 131 00:06:44,040 --> 00:06:46,919 Speaker 4: something that lawmakers were not going to cut that because 132 00:06:46,920 --> 00:06:50,400 Speaker 4: that affects people's lives in their districts and in their states. 133 00:06:50,640 --> 00:06:53,960 Speaker 2: Absolutely, And Genie, we just have about a minute or 134 00:06:54,000 --> 00:06:57,200 Speaker 2: two left here, but considering this is our last evening 135 00:06:57,200 --> 00:06:59,520 Speaker 2: addition of balance and power of the year twenty twenty four, 136 00:06:59,560 --> 00:07:01,560 Speaker 2: and we are it like this with a down to 137 00:07:01,640 --> 00:07:04,719 Speaker 2: the wire vote basically trying to avert a government shutdown 138 00:07:04,720 --> 00:07:07,680 Speaker 2: that the Senate has to still act on. Given everything 139 00:07:07,720 --> 00:07:10,560 Speaker 2: that has gone down in this year, does this surprise 140 00:07:10,640 --> 00:07:12,880 Speaker 2: you in the slightest that we ended up in this 141 00:07:12,960 --> 00:07:14,000 Speaker 2: moment at the very end. 142 00:07:14,000 --> 00:07:17,640 Speaker 1: Of it, not at all, Although I am through that 143 00:07:17,720 --> 00:07:20,360 Speaker 1: they did pass the government. It keeps it open. People 144 00:07:20,360 --> 00:07:22,880 Speaker 1: can go home for the holidays, including you, Kaylee, who 145 00:07:22,880 --> 00:07:25,720 Speaker 1: deserves a holiday and arrest. But you know, this is 146 00:07:25,760 --> 00:07:27,840 Speaker 1: the one hundred and eighteenth That's how it's been from 147 00:07:27,840 --> 00:07:31,360 Speaker 1: the very very start, and it has continued this way. 148 00:07:31,720 --> 00:07:33,680 Speaker 1: I would say I want to be optimistic and say 149 00:07:33,680 --> 00:07:35,800 Speaker 1: the one hundred and nineteenth is going to be different, 150 00:07:36,160 --> 00:07:38,960 Speaker 1: but mathematically, and this is a game of numbers, can't 151 00:07:39,000 --> 00:07:41,480 Speaker 1: imagine how it could be that much different. 152 00:07:43,000 --> 00:07:45,160 Speaker 2: All right, final question to all three of you, Genie, 153 00:07:45,320 --> 00:07:48,880 Speaker 2: will the Senate be able to pass this measure by midnight? Yes? 154 00:07:49,000 --> 00:07:51,200 Speaker 1: They will. Meghan just explained it. 155 00:07:51,200 --> 00:07:54,360 Speaker 2: Thank you Meghan, and Meghan your answer is still yes. 156 00:07:54,400 --> 00:07:57,640 Speaker 2: I'm assuming I hope, so we all hope. 157 00:07:57,640 --> 00:07:57,720 Speaker 3: So. 158 00:07:57,800 --> 00:07:58,480 Speaker 2: Lester mumpson. 159 00:07:58,720 --> 00:08:01,080 Speaker 3: Final word to you, also yes, but there's going to 160 00:08:01,120 --> 00:08:03,960 Speaker 3: be some votes on Lee and or Ram Paul amendments. 161 00:08:04,120 --> 00:08:07,280 Speaker 2: Megan predicted that one as well. Thank you so much 162 00:08:07,320 --> 00:08:09,320 Speaker 2: to all three of you for joining me as we 163 00:08:09,400 --> 00:08:12,000 Speaker 2: have worked through this breaking news in Congress as we 164 00:08:12,040 --> 00:08:14,360 Speaker 2: work to avert a government shutdown. Megan Scully, who leads 165 00:08:14,360 --> 00:08:17,960 Speaker 2: our capital influence team here in Washington, Genie Shanzeno, and 166 00:08:18,040 --> 00:08:20,280 Speaker 2: Lester months in my political panel this evening, Thank you 167 00:08:20,360 --> 00:08:22,960 Speaker 2: so much again. The stopgap funding measure to keep the 168 00:08:22,960 --> 00:08:26,880 Speaker 2: government funded through March fourteenth of next year has passed 169 00:08:26,920 --> 00:08:29,960 Speaker 2: the House by a wide bipartisan margin, more Democrats putting 170 00:08:30,000 --> 00:08:30,600 Speaker 2: up votes for it,