1 00:00:01,720 --> 00:00:06,240 Speaker 1: Now from our nation's capital. This is Bloomberg Sound on 2 00:00:07,040 --> 00:00:09,360 Speaker 1: omnibus is the best approach. I hope they are able 3 00:00:09,400 --> 00:00:12,319 Speaker 1: to produce touch about by partisan government funding bill that 4 00:00:12,400 --> 00:00:15,360 Speaker 1: can pass, and an omnibus is the most balanced approach. 5 00:00:15,440 --> 00:00:18,800 Speaker 1: The as are seventy one and the nays are nineteen 6 00:00:19,200 --> 00:00:22,920 Speaker 1: really does indicate that Congress has become a money printing machine. 7 00:00:22,920 --> 00:00:27,920 Speaker 1: Bloomberg Sound on Politics, Policy and Perspective from DC's top name. 8 00:00:28,320 --> 00:00:31,360 Speaker 1: I'm honored to rise for a few minutes to address 9 00:00:31,400 --> 00:00:33,680 Speaker 1: this House for the final time. The best is yet 10 00:00:33,760 --> 00:00:36,519 Speaker 1: to come. It has been an honor to work and 11 00:00:36,600 --> 00:00:39,559 Speaker 1: serve with all of my colleague I'm thinking maybe we 12 00:00:39,560 --> 00:00:43,240 Speaker 1: should start a post Senate support group. Bloomberg Sound on 13 00:00:43,440 --> 00:00:48,240 Speaker 1: with Joe Matthew on Bloomberg Radio. Congress settles in for 14 00:00:48,320 --> 00:00:52,400 Speaker 1: a working weekend. Welcome to the fastest hour in pokers 15 00:00:52,440 --> 00:00:55,840 Speaker 1: by themselves an extra week to craft a budget. As 16 00:00:55,880 --> 00:00:58,160 Speaker 1: we head for the final week of business on Capitol Hill, 17 00:00:58,200 --> 00:01:01,240 Speaker 1: We're joined by our Congressional team, Bloomberg Government's Emily Wilkins 18 00:01:01,320 --> 00:01:04,600 Speaker 1: and Jack Fitzpatrick on how the government will spend one 19 00:01:04,680 --> 00:01:09,200 Speaker 1: point seven trillion of your dollars. The energy Department's fusion 20 00:01:09,280 --> 00:01:11,399 Speaker 1: breakthrough this week may lead to a new source of 21 00:01:11,440 --> 00:01:15,000 Speaker 1: clean energy, but the most immediate winner will be the military. 22 00:01:15,000 --> 00:01:18,200 Speaker 1: Will explain why in a conversation with nuclear expert Matthew 23 00:01:18,240 --> 00:01:21,800 Speaker 1: Bunn from the Harvard Kennedy School, and as retiring lawmakers 24 00:01:21,840 --> 00:01:24,360 Speaker 1: leave us with some important thoughts to consider, we assemble 25 00:01:24,400 --> 00:01:28,040 Speaker 1: our signature panel. Bloomberg Politics contributors Rick Davis and Jeannie 26 00:01:28,120 --> 00:01:31,320 Speaker 1: Chanzano will have analysis for the hour President Biden signs 27 00:01:31,319 --> 00:01:34,240 Speaker 1: the stopgap budget to keep the lights from going out tonight, 28 00:01:35,040 --> 00:01:37,959 Speaker 1: funding the government for another week. As we've told you so, 29 00:01:38,040 --> 00:01:40,560 Speaker 1: budget writers can get their jobs done this after the 30 00:01:40,600 --> 00:01:43,560 Speaker 1: bill passed the Senate last night. On this vote, the 31 00:01:43,680 --> 00:01:47,560 Speaker 1: yeas are seventy one and the nays are nineteen. The 32 00:01:47,680 --> 00:01:52,120 Speaker 1: sixty vote threshold having been achieved, the motion to concur 33 00:01:52,600 --> 00:01:56,480 Speaker 1: is agreed to under the previous order h Conras one 34 00:01:56,560 --> 00:02:00,040 Speaker 1: to three is considered agreed to, and the motion to 35 00:02:00,160 --> 00:02:03,400 Speaker 1: reconsider is considered made and laid upon the table. To 36 00:02:03,480 --> 00:02:05,960 Speaker 1: get all that, so, we go to December twenty three, 37 00:02:06,160 --> 00:02:09,919 Speaker 1: the new deadline as lawmakers rite debate pass that's the 38 00:02:10,000 --> 00:02:13,160 Speaker 1: job at least a one point seven trillion dollar government 39 00:02:13,240 --> 00:02:16,760 Speaker 1: funding bill. Senator Chuck Schumer, the majority leader, says this 40 00:02:16,880 --> 00:02:19,760 Speaker 1: is the best path and omnibus is the best approach 41 00:02:20,240 --> 00:02:22,840 Speaker 1: because it will ensure that our kids, are veterans, are 42 00:02:22,840 --> 00:02:26,520 Speaker 1: small businesses in our military continue to have full access 43 00:02:26,560 --> 00:02:29,840 Speaker 1: to vital services and programs they depend on. And an 44 00:02:29,840 --> 00:02:33,959 Speaker 1: omnibus is the most balanced approach because it would contain priorities. 45 00:02:34,000 --> 00:02:37,640 Speaker 1: Both sides want to see funding for Ukraine, the e 46 00:02:37,760 --> 00:02:41,280 Speaker 1: c A, the Electoral count Act, and full implementation of 47 00:02:41,360 --> 00:02:44,200 Speaker 1: Chips and Science, the Packed Act and more. There it 48 00:02:44,320 --> 00:02:48,120 Speaker 1: is Republican Senate Leader Mr McConnell meantime, well, sounding a 49 00:02:48,200 --> 00:02:50,480 Speaker 1: lot like Mr McConnell, listen, I hope they are able 50 00:02:50,480 --> 00:02:54,080 Speaker 1: to produce text a bi partisan government funding bill that 51 00:02:54,120 --> 00:02:59,680 Speaker 1: can pass the Senate before our hard deadline next Thursday. 52 00:03:00,120 --> 00:03:03,120 Speaker 1: Otherwise I'll support pivoting next week to a short term 53 00:03:03,160 --> 00:03:08,200 Speaker 1: conturning resolution into the new year. This is always reserving 54 00:03:08,200 --> 00:03:10,359 Speaker 1: that right, not the most likely scenario, but of course 55 00:03:10,360 --> 00:03:13,639 Speaker 1: it's happened before, and we're lucky to have at this moment. 56 00:03:13,720 --> 00:03:16,800 Speaker 1: Bloomberg Government's Jack Fitzpatrick and Emily Wilkins have been steeped 57 00:03:16,800 --> 00:03:19,280 Speaker 1: in this and to help us walk through the next 58 00:03:19,280 --> 00:03:21,080 Speaker 1: steps here. It's great to have you both here. Happy 59 00:03:21,080 --> 00:03:22,920 Speaker 1: Friday to both of you. Jack. Is it possible this 60 00:03:23,000 --> 00:03:26,359 Speaker 1: actually gets done early. Yeah, it's possible for it to 61 00:03:26,400 --> 00:03:28,519 Speaker 1: get done early in terms of them doing the work. 62 00:03:28,880 --> 00:03:31,600 Speaker 1: But I think one reason this is so last minute, 63 00:03:31,919 --> 00:03:34,320 Speaker 1: aside from the fact that Congress almost always does this 64 00:03:34,360 --> 00:03:36,800 Speaker 1: stuff last minute, is it's going to be a tough 65 00:03:36,880 --> 00:03:40,560 Speaker 1: vote in the House, and so there's some suspicion that 66 00:03:40,600 --> 00:03:43,080 Speaker 1: they are going to jam the House. And by jam 67 00:03:43,120 --> 00:03:45,360 Speaker 1: the House, I mean they can only afford to lose 68 00:03:45,400 --> 00:03:48,720 Speaker 1: two Democrats unless they get other Republicans on board. Kevin 69 00:03:48,800 --> 00:03:50,720 Speaker 1: McCarthy is not on board. So it's gonna be a 70 00:03:50,720 --> 00:03:54,280 Speaker 1: really close vote in the House. And everybody has complaints 71 00:03:54,280 --> 00:03:56,720 Speaker 1: about these big bills. You can find something you hate 72 00:03:56,720 --> 00:03:59,320 Speaker 1: about it, and at one point seven trillion, so they 73 00:03:59,400 --> 00:04:01,760 Speaker 1: want the press sure to be on and to say, 74 00:04:02,160 --> 00:04:05,680 Speaker 1: I think on it probably a Friday vote in the House. 75 00:04:05,920 --> 00:04:07,160 Speaker 1: You know, if you don't vote for this, you're going 76 00:04:07,200 --> 00:04:10,000 Speaker 1: to shut the government down. So even if they could 77 00:04:10,080 --> 00:04:12,760 Speaker 1: do it early, I don't know if leaders necessarily want 78 00:04:12,800 --> 00:04:16,200 Speaker 1: to because they want to ramp up the pressure. So Emily, 79 00:04:16,240 --> 00:04:18,640 Speaker 1: I saw Stanny Hoyer on the floor last night. You 80 00:04:18,680 --> 00:04:21,520 Speaker 1: cover the leadership certainly in the House, and you know 81 00:04:21,560 --> 00:04:24,760 Speaker 1: he's talking about if we have to be here on Christmas, 82 00:04:24,800 --> 00:04:28,839 Speaker 1: that's not real though, right this will get done on Friday. 83 00:04:29,320 --> 00:04:31,920 Speaker 1: I mean, there's a reason that you usually see these 84 00:04:31,920 --> 00:04:34,520 Speaker 1: debates happening right around this time of year. It's because 85 00:04:34,560 --> 00:04:38,239 Speaker 1: lawmakers want to get home to their families. The stench 86 00:04:38,240 --> 00:04:40,920 Speaker 1: of jet fumes is very strong in the halls of 87 00:04:40,920 --> 00:04:43,800 Speaker 1: Congress around this time of year, and usually that is 88 00:04:43,960 --> 00:04:47,720 Speaker 1: pressure on lawmakers to really get it done. I mean, 89 00:04:47,839 --> 00:04:50,320 Speaker 1: at this point, we saw Mitch McConnell basically say it 90 00:04:50,360 --> 00:04:52,440 Speaker 1: needs to be done by the twenty two or there's 91 00:04:52,480 --> 00:04:55,160 Speaker 1: no deal. That puts the House on notice that whatever 92 00:04:55,200 --> 00:04:58,000 Speaker 1: the Senate passes, they can't make changes. They just got 93 00:04:58,000 --> 00:05:01,200 Speaker 1: to go forward. I think to a certain degree. While 94 00:05:01,279 --> 00:05:05,120 Speaker 1: you see a lot of Republicans voting against spending packages 95 00:05:05,240 --> 00:05:08,120 Speaker 1: like we saw with the continuing Resolution this week, and 96 00:05:08,200 --> 00:05:12,760 Speaker 1: even Kevin McCarthy now whipping against this larger omnibus spending deal, 97 00:05:13,400 --> 00:05:15,640 Speaker 1: not a ton of them want to actually see the 98 00:05:15,680 --> 00:05:18,640 Speaker 1: government shut down. They want to see it continue to function. 99 00:05:18,680 --> 00:05:21,479 Speaker 1: They might have qualms about things within the bill, but 100 00:05:21,560 --> 00:05:24,800 Speaker 1: I think at this point, uh, there is a feeling 101 00:05:24,920 --> 00:05:28,320 Speaker 1: that you know, even though they're you know that the 102 00:05:28,360 --> 00:05:31,400 Speaker 1: pressure is on, they have a path to get it 103 00:05:31,440 --> 00:05:34,320 Speaker 1: done and there is incentive I think, on on both 104 00:05:34,360 --> 00:05:37,520 Speaker 1: sides of the aisle, regardless of people vote for everyone 105 00:05:37,560 --> 00:05:40,040 Speaker 1: to get this done go home for Christmas. Jack, Will 106 00:05:40,080 --> 00:05:43,120 Speaker 1: this be written over the over the weekend, will be 107 00:05:43,400 --> 00:05:45,799 Speaker 1: here on Monday or Tuesday, and that the actual text 108 00:05:45,839 --> 00:05:48,280 Speaker 1: is ready? Yeah, it sounds like they're probably aiming for 109 00:05:48,320 --> 00:05:51,440 Speaker 1: a Monday release. Maybe it could be earlier, but again, 110 00:05:51,440 --> 00:05:52,760 Speaker 1: I don't know if they want to put it out 111 00:05:52,760 --> 00:05:54,719 Speaker 1: earlier to give people more time to read it and 112 00:05:54,720 --> 00:05:57,279 Speaker 1: find things to complain about. But it does sound like 113 00:05:57,320 --> 00:06:00,400 Speaker 1: they're When I asked Susan Collins, who wanted was one 114 00:06:00,400 --> 00:06:02,280 Speaker 1: of the one of the key members in writing that, 115 00:06:02,360 --> 00:06:05,320 Speaker 1: she said she expected to end up getting a deadline 116 00:06:05,440 --> 00:06:08,480 Speaker 1: of sometime around the weekend, the end of the weekend, 117 00:06:08,760 --> 00:06:10,960 Speaker 1: so you know, putting it out at the beginning of 118 00:06:11,000 --> 00:06:13,919 Speaker 1: the week gives them just enough time to say, we 119 00:06:13,960 --> 00:06:16,480 Speaker 1: need to get this through both chambers very quickly, and 120 00:06:16,480 --> 00:06:18,520 Speaker 1: they would actually still have enough time to do it. 121 00:06:18,680 --> 00:06:20,600 Speaker 1: Does anything. I know we have a top line you've 122 00:06:20,640 --> 00:06:22,800 Speaker 1: got a number here, they've got to fill in the blanks. Emily, 123 00:06:22,839 --> 00:06:24,920 Speaker 1: is there anything going to be attached? You heard Chuck 124 00:06:24,960 --> 00:06:28,839 Speaker 1: Schumer referred to the Electoral count Act as something you know, 125 00:06:28,920 --> 00:06:32,000 Speaker 1: beyond the scope of paying for government operation, is going 126 00:06:32,080 --> 00:06:34,839 Speaker 1: to go along for the ride always. I mean, this 127 00:06:34,920 --> 00:06:36,840 Speaker 1: is how Congress works, right There only a couple of 128 00:06:36,880 --> 00:06:38,920 Speaker 1: trains that leads the station. You've got to get all 129 00:06:39,000 --> 00:06:41,480 Speaker 1: your priorities on it. So a couple of different things 130 00:06:41,560 --> 00:06:43,200 Speaker 1: we can talk about. I think one of the most 131 00:06:43,240 --> 00:06:45,919 Speaker 1: interesting things is that we saw the Senate move forward 132 00:06:45,960 --> 00:06:49,919 Speaker 1: on legislation last night that would impose some restrictions on TikTok. 133 00:06:50,279 --> 00:06:53,479 Speaker 1: You know that how Speaker Nancy Pelosi is going to 134 00:06:53,600 --> 00:06:56,120 Speaker 1: be is pushing for that to be included in the 135 00:06:56,160 --> 00:06:58,960 Speaker 1: omnibus package. I mean, you've got a bipartisan group here 136 00:06:59,040 --> 00:07:02,760 Speaker 1: that's now pushing for this, which I think sort of 137 00:07:02,800 --> 00:07:05,760 Speaker 1: speaks to the ability of being able to get it done. 138 00:07:06,120 --> 00:07:09,160 Speaker 1: You also might see some changes and you can find 139 00:07:09,160 --> 00:07:12,560 Speaker 1: out more details about this on the terminal, but changes 140 00:07:12,640 --> 00:07:17,240 Speaker 1: in sentencing. Four different types of cocaine right now, there's uh, 141 00:07:17,280 --> 00:07:20,480 Speaker 1: there's a big difference between um powder and craft and 142 00:07:20,520 --> 00:07:23,400 Speaker 1: they're looking to sort of even out that disparity between 143 00:07:23,400 --> 00:07:26,720 Speaker 1: the two, and that could be a potential item as well. Emily, 144 00:07:26,760 --> 00:07:28,640 Speaker 1: I should know it shares the byline on our story 145 00:07:28,720 --> 00:07:32,960 Speaker 1: about this TikTok band. You mentioned it, so let's go there, Emily. 146 00:07:33,040 --> 00:07:36,000 Speaker 1: This is not like the Donald Trump TikTok ban in America. 147 00:07:36,080 --> 00:07:39,280 Speaker 1: This would ban it on basically on government phones. Right, 148 00:07:39,280 --> 00:07:40,840 Speaker 1: how would the band work? What are we what are 149 00:07:40,880 --> 00:07:44,320 Speaker 1: we in for? Well, I mean the government. Does you know? 150 00:07:44,400 --> 00:07:47,920 Speaker 1: They have their own networks, their own operating systems. Basically. 151 00:07:47,960 --> 00:07:51,400 Speaker 1: The concern here is that China still has a hand 152 00:07:51,480 --> 00:07:55,200 Speaker 1: within TikTok's parent company, Fight Dance. There are concerns about 153 00:07:55,200 --> 00:07:58,320 Speaker 1: the information that China would be able to access. These 154 00:07:58,320 --> 00:08:00,960 Speaker 1: concerns have been around for a while. It finally seems 155 00:08:01,040 --> 00:08:04,640 Speaker 1: like there's some momentum going forward in a potential solution. 156 00:08:04,880 --> 00:08:06,840 Speaker 1: We talked about the Josh Holly bill the other day. 157 00:08:06,880 --> 00:08:10,160 Speaker 1: He calls us a trojan horse. Uh, Jack, You'll still 158 00:08:10,200 --> 00:08:12,240 Speaker 1: be able to keep TikTok on your phone though, when 159 00:08:12,240 --> 00:08:14,840 Speaker 1: you're roaming the halls of the Capitol, right, I would 160 00:08:14,840 --> 00:08:17,600 Speaker 1: be allowed to. I'm not on TikTok yet. You know 161 00:08:17,920 --> 00:08:20,440 Speaker 1: who knows when if if things really go crazy with Twitter, 162 00:08:20,480 --> 00:08:23,000 Speaker 1: we'll see where I end up. But yeah, you know, 163 00:08:23,040 --> 00:08:26,520 Speaker 1: when you talk about unanimous support in the Senate for something, 164 00:08:26,760 --> 00:08:29,480 Speaker 1: it's a fairly limited bill to just ban it from 165 00:08:29,560 --> 00:08:33,600 Speaker 1: government phones, but that does reflect some I T concerns. 166 00:08:33,679 --> 00:08:37,360 Speaker 1: But it's worth noting that's where the unanimous support is, 167 00:08:37,640 --> 00:08:41,160 Speaker 1: not for a Donald Trump style TikTok band, but for 168 00:08:41,280 --> 00:08:45,360 Speaker 1: something narrowly focused on government I T infrastructure. I can't 169 00:08:45,400 --> 00:08:48,880 Speaker 1: imagine there's been another moment where you've talked about Nancy 170 00:08:48,920 --> 00:08:53,960 Speaker 1: Pelosi and Josh Holly agreeing on anything. Emily Wilkins, I mean, hey, 171 00:08:53,960 --> 00:08:56,360 Speaker 1: it's it's rare, but it's you know, it's it's a 172 00:08:56,400 --> 00:09:00,439 Speaker 1: magical season, right the last minute deals, lawmakers under pressure. 173 00:09:00,640 --> 00:09:02,680 Speaker 1: Plus I mean we've said it before in the show, 174 00:09:02,720 --> 00:09:04,880 Speaker 1: I know, but when it comes to issues about China, 175 00:09:05,240 --> 00:09:09,440 Speaker 1: about national security, about sort of the relationship between Washington 176 00:09:09,440 --> 00:09:12,080 Speaker 1: and Beijing, you do see a lot of agreement across 177 00:09:12,120 --> 00:09:14,360 Speaker 1: the aisle. And I think that's going to be something 178 00:09:14,480 --> 00:09:17,320 Speaker 1: very interesting to watch next year when Republicans take over 179 00:09:17,360 --> 00:09:19,920 Speaker 1: the House, that might still be an avenue for them 180 00:09:19,960 --> 00:09:22,640 Speaker 1: to get something done. For Biden to score win and 181 00:09:22,679 --> 00:09:25,559 Speaker 1: be able to really work alongside Chuck Schumer. And but 182 00:09:26,080 --> 00:09:30,480 Speaker 1: whoever the Republican speaker is, potentially Kevin McCarthy. Yes, well, 183 00:09:30,600 --> 00:09:33,440 Speaker 1: let's let's get into that quickly. I have to ask 184 00:09:33,440 --> 00:09:36,040 Speaker 1: you both about the leadership battle here. Kevin McCarthy is 185 00:09:36,040 --> 00:09:39,400 Speaker 1: going to have a busy i'm guessing holiday season as 186 00:09:39,520 --> 00:09:42,560 Speaker 1: as he tries to get two eighteen votes. Is there 187 00:09:42,600 --> 00:09:45,560 Speaker 1: anything at this point we talked about it just yesterday, Jack, 188 00:09:45,640 --> 00:09:49,880 Speaker 1: that he can promise these holdouts in the Republican Caucus 189 00:09:49,920 --> 00:09:54,080 Speaker 1: to vote for him. They are having a conversation about 190 00:09:54,440 --> 00:09:57,959 Speaker 1: rules in the next Congress. Um. As somebody who's been 191 00:09:57,960 --> 00:10:01,840 Speaker 1: covering the budget process, I know, there's a lot of Uh, 192 00:10:02,040 --> 00:10:05,160 Speaker 1: there's a push by the Conservatives, but pretty broad push, 193 00:10:05,240 --> 00:10:09,280 Speaker 1: not even just Freedom Caucus, to be tougher on spending 194 00:10:09,400 --> 00:10:13,880 Speaker 1: going forward. And there's there's a conversation about, um, you know, 195 00:10:14,000 --> 00:10:16,600 Speaker 1: without getting too far into the weeds, cut go, which 196 00:10:16,640 --> 00:10:18,920 Speaker 1: is if you're spending new money in a bill, you 197 00:10:18,920 --> 00:10:21,560 Speaker 1: have to offset it with cuts somewhere else. Uh. Some 198 00:10:21,600 --> 00:10:24,480 Speaker 1: of those rules are things that Congress has ignored, whether 199 00:10:24,520 --> 00:10:27,400 Speaker 1: it's paygo or cut go, things along those lines. But 200 00:10:27,480 --> 00:10:31,080 Speaker 1: you know, talking to some conservatives like Chip Roy, it's 201 00:10:31,120 --> 00:10:33,920 Speaker 1: it seems to be a fairly broad conversation not only 202 00:10:33,960 --> 00:10:37,840 Speaker 1: about the House rules, but about their dedication to any 203 00:10:37,920 --> 00:10:41,479 Speaker 1: rules that are in place that are very, very fiscally conservative. 204 00:10:41,679 --> 00:10:44,080 Speaker 1: So I know that is something that plays into that 205 00:10:44,200 --> 00:10:49,040 Speaker 1: leadership conversation. But you know, on the Omnibus, the funding bill, 206 00:10:49,160 --> 00:10:53,600 Speaker 1: McCarthy has already pushed against it, seemingly unsuccessfully, So he's 207 00:10:53,600 --> 00:10:55,280 Speaker 1: probably not going to get a bunch of wins out 208 00:10:55,280 --> 00:10:58,160 Speaker 1: of this one last major bill. It's more about those 209 00:10:58,240 --> 00:11:00,599 Speaker 1: rules conversations and that kind of thing. Looking ahead to 210 00:11:00,640 --> 00:11:02,839 Speaker 1: the next Congress. You guys must must have an office 211 00:11:02,840 --> 00:11:05,160 Speaker 1: pool going up in the gallery, Emily right, Like how 212 00:11:05,200 --> 00:11:09,920 Speaker 1: many rounds does Kevin McCarthy co on January three? I mean, 213 00:11:09,960 --> 00:11:12,280 Speaker 1: at this point, I've asked a couple of longmakers know 214 00:11:12,320 --> 00:11:14,160 Speaker 1: what it would mean to go to a second or 215 00:11:14,200 --> 00:11:18,560 Speaker 1: third round, and that possibility is absolutely being discussed at 216 00:11:18,559 --> 00:11:20,959 Speaker 1: this point. Like sure, McCarthy is trying to use the 217 00:11:21,040 --> 00:11:24,080 Speaker 1: rules and even his really strong opposition to the Omnibus, 218 00:11:24,080 --> 00:11:26,000 Speaker 1: he's trying to sort of use that to look to 219 00:11:26,000 --> 00:11:28,520 Speaker 1: the Freedom Caucus and say, hey, I'm I want to 220 00:11:28,520 --> 00:11:31,680 Speaker 1: reduce spending too, just like you guys do. But let's 221 00:11:31,760 --> 00:11:33,880 Speaker 1: let's turn to the math here. I mean, McCarthy can 222 00:11:33,960 --> 00:11:37,200 Speaker 1: only really afford to lose four or five members. And 223 00:11:37,200 --> 00:11:39,640 Speaker 1: at this point there are five members who have come 224 00:11:39,679 --> 00:11:42,480 Speaker 1: out and said that they will be posing McCarthy, they'll 225 00:11:42,520 --> 00:11:44,600 Speaker 1: be with someone else, And you have all these wonky 226 00:11:44,679 --> 00:11:47,800 Speaker 1: rules about voting present and could they do a plurality. 227 00:11:48,200 --> 00:11:50,480 Speaker 1: But the baseline here is that this is a preview 228 00:11:50,480 --> 00:11:53,480 Speaker 1: of things to come. Even if McCarthy does wind up 229 00:11:53,520 --> 00:11:58,160 Speaker 1: eventually cinching that speaker's gabble, he is going to have 230 00:11:58,240 --> 00:12:01,120 Speaker 1: to deal with these dynamic for the rest of the 231 00:12:01,240 --> 00:12:04,280 Speaker 1: two years, and that's going to cause some some big 232 00:12:04,320 --> 00:12:08,120 Speaker 1: issues potentially for some must pass bills. Said great to 233 00:12:08,160 --> 00:12:10,280 Speaker 1: talk to you guys, and only thank you Jack Fitzpatrick, 234 00:12:10,360 --> 00:12:14,320 Speaker 1: Thank you Bloomberg. Government's finest with us here on the 235 00:12:14,360 --> 00:12:16,839 Speaker 1: Friday edition of Sound On As We Assemble our panel, 236 00:12:16,920 --> 00:12:21,280 Speaker 1: Rick Davis and Jeannie Chanzano. Familiar conversation from yesterday. But 237 00:12:21,320 --> 00:12:25,000 Speaker 1: it's interesting sometimes the difference that a day can make. Genie, 238 00:12:25,240 --> 00:12:27,320 Speaker 1: knowing that there's a week here, it's going to be 239 00:12:27,360 --> 00:12:32,160 Speaker 1: a working weekend. You're right. The bill Monday everyone starts 240 00:12:32,200 --> 00:12:35,719 Speaker 1: taking shots at this. I can only assume are there 241 00:12:35,720 --> 00:12:39,240 Speaker 1: sticking points that that you're worried about? You know there are. 242 00:12:39,280 --> 00:12:41,960 Speaker 1: I mean, this is probably the most optimistic we've heard 243 00:12:41,960 --> 00:12:44,360 Speaker 1: everybody on this. If they can get this out on 244 00:12:44,520 --> 00:12:47,760 Speaker 1: Monday and they can you know, start going through it, um, 245 00:12:47,800 --> 00:12:50,440 Speaker 1: you know, the Senate can potentially put it on the 246 00:12:50,480 --> 00:12:55,000 Speaker 1: floor by Wednesday, maybe get a vote by Thursday, potentially, 247 00:12:55,040 --> 00:12:57,840 Speaker 1: as we know, that's Mitch McConnell's deadline, and then as 248 00:12:57,960 --> 00:13:01,080 Speaker 1: Jack said, jam into the house on right and you know, 249 00:13:01,280 --> 00:13:04,559 Speaker 1: theoretically averted shutdown. But there are things that could happen, 250 00:13:04,600 --> 00:13:07,280 Speaker 1: you know, Ron Paul, Mike Lee, you know Mike Lee 251 00:13:07,320 --> 00:13:10,080 Speaker 1: wanting amend it's Ron Paul wanting to an oppose an omnibus. 252 00:13:10,120 --> 00:13:13,440 Speaker 1: You know, those things can happen. They could stall this thing, 253 00:13:13,760 --> 00:13:16,880 Speaker 1: probably not stop it at this point. And the irony 254 00:13:17,040 --> 00:13:19,439 Speaker 1: here is that this is the best thing that has 255 00:13:19,480 --> 00:13:24,720 Speaker 1: happened to Kevin McCarthy in this entire probably his entire lifetime. 256 00:13:25,000 --> 00:13:28,040 Speaker 1: He cannot go into a new Congress without an omnibus. 257 00:13:28,080 --> 00:13:30,240 Speaker 1: That would be the death knell for him. You have 258 00:13:30,320 --> 00:13:33,720 Speaker 1: members saying he's privately cheering them on but publicly, of course, 259 00:13:33,760 --> 00:13:37,000 Speaker 1: going on Fox and saying, you know, I oppose this, 260 00:13:37,080 --> 00:13:40,079 Speaker 1: and you know, let's let's do the cr But it's hogwash. 261 00:13:40,160 --> 00:13:43,520 Speaker 1: He needs this done, as do all Republicans, Democrats, and Americans. 262 00:13:43,679 --> 00:13:46,160 Speaker 1: You're making me reminisce about the Ron Paul blimp, but 263 00:13:46,280 --> 00:13:49,959 Speaker 1: of course rand Paul is who you're talking about at Randall. 264 00:13:50,000 --> 00:13:53,760 Speaker 1: I'm sorry anyway, Yeah, So what do you make of 265 00:13:53,800 --> 00:13:56,920 Speaker 1: that point, Rick Davis? This the best thing that that 266 00:13:56,960 --> 00:13:59,440 Speaker 1: could happen to Kevin McCarthy if they get this done 267 00:13:59,440 --> 00:14:01,440 Speaker 1: as it if you're they will, Well, there there are 268 00:14:01,440 --> 00:14:03,800 Speaker 1: a couple of things. One, yes, he wants us done 269 00:14:03,840 --> 00:14:05,640 Speaker 1: with because the last thing he wants to do is 270 00:14:05,679 --> 00:14:07,720 Speaker 1: have to deal with it, and he can't guarantee he 271 00:14:07,720 --> 00:14:11,120 Speaker 1: can deliver the caucus at all. Two, I think it's 272 00:14:11,160 --> 00:14:14,000 Speaker 1: really galvanized some of the moderates around him, this opposition 273 00:14:14,480 --> 00:14:16,520 Speaker 1: of these five characters who are sort of you know, 274 00:14:16,559 --> 00:14:19,400 Speaker 1: what are they calling themselves? Never McCarthy, you know, And 275 00:14:19,440 --> 00:14:22,760 Speaker 1: so so there's this whole group only Kevin o'kay's and 276 00:14:22,760 --> 00:14:25,120 Speaker 1: they're running around with buttons. And these are people who 277 00:14:25,120 --> 00:14:28,800 Speaker 1: have opposed him repeatedly on different events, and and and 278 00:14:28,800 --> 00:14:32,200 Speaker 1: and issues throughout the last few years. So uh, maybe 279 00:14:32,240 --> 00:14:34,400 Speaker 1: maybe this is actually something that will bring part of 280 00:14:34,400 --> 00:14:37,520 Speaker 1: this caucus back together. But look, this thing is going 281 00:14:37,560 --> 00:14:40,720 Speaker 1: to happen. The uh, they'll be good things, like as 282 00:14:40,760 --> 00:14:43,680 Speaker 1: you were talking to Emily and you know, Electoral count Act. 283 00:14:43,960 --> 00:14:47,120 Speaker 1: That's a real positive thing. When I wasn't sure about 284 00:14:47,160 --> 00:14:49,280 Speaker 1: that Rick when Chuck Schumer mentioned it three days ago, 285 00:14:49,360 --> 00:14:51,200 Speaker 1: But we're actually gonna get this in under the wire. 286 00:14:51,400 --> 00:14:54,480 Speaker 1: More importantly, McConnell has said he's for it. And so 287 00:14:54,840 --> 00:14:58,000 Speaker 1: when you got mcconalin Schumer saying yes, highly likely that 288 00:14:58,080 --> 00:15:00,280 Speaker 1: that's going to be done, and that's it's been quiet, 289 00:15:00,440 --> 00:15:02,840 Speaker 1: it's been bipartisan, but it's going to be very effective. 290 00:15:02,960 --> 00:15:05,000 Speaker 1: And then, of course is important. Genie, we'll talk a 291 00:15:05,040 --> 00:15:07,560 Speaker 1: little bit later about the January six committee. It's it's 292 00:15:07,600 --> 00:15:10,800 Speaker 1: hearing set for it's hearing in votes set for Monday, 293 00:15:10,840 --> 00:15:14,520 Speaker 1: along with the release of their report. In the final 294 00:15:14,600 --> 00:15:17,400 Speaker 1: throws of this Congress. You know, there was a time 295 00:15:17,480 --> 00:15:19,480 Speaker 1: when when a lot of folks were saying in the 296 00:15:19,520 --> 00:15:23,240 Speaker 1: debate around voting rights that this was the best that 297 00:15:23,280 --> 00:15:26,160 Speaker 1: they could do that Democrats and Republicans could get together on. 298 00:15:26,560 --> 00:15:27,960 Speaker 1: And it was starting to look like it was never 299 00:15:27,960 --> 00:15:30,280 Speaker 1: gonna happen. But here we are with a week ago. Yeah, 300 00:15:30,640 --> 00:15:33,040 Speaker 1: I think this is one of the most important pieces 301 00:15:33,040 --> 00:15:35,480 Speaker 1: of legislation to come out. This is a big win 302 00:15:35,640 --> 00:15:38,640 Speaker 1: in a big bipartisan when to Rick's point, you've got 303 00:15:38,680 --> 00:15:43,120 Speaker 1: Republicans and Democrats behind it, because the reality is Republicans 304 00:15:43,160 --> 00:15:46,080 Speaker 1: don't want to be sitting in you know, a situation 305 00:15:46,120 --> 00:15:49,160 Speaker 1: where Kamala Harris could do something like Donald Trump asked 306 00:15:49,200 --> 00:15:51,720 Speaker 1: Mike Pence to do. Not that she would, um, but 307 00:15:51,840 --> 00:15:54,440 Speaker 1: you know, nobody wants that this law needed to be 308 00:15:54,480 --> 00:15:56,880 Speaker 1: badly to be rewritten, and they're doing that and hopefully 309 00:15:56,880 --> 00:15:59,480 Speaker 1: it gets put along. You know, this train is emily 310 00:15:59,560 --> 00:16:01,920 Speaker 1: called it heard of this omnibus, even though it's nothing 311 00:16:01,960 --> 00:16:04,480 Speaker 1: to do with the budget, that's true, but it would 312 00:16:04,520 --> 00:16:07,960 Speaker 1: prevent another January six from from happening. It's it's kind 313 00:16:07,960 --> 00:16:10,360 Speaker 1: of narrow, Rick, right, There was a there was a 314 00:16:10,400 --> 00:16:13,720 Speaker 1: desire certainly among progressive Democrats for a more much more 315 00:16:13,720 --> 00:16:18,200 Speaker 1: comprehensive voting rights, voting reform, voting access bill. But this 316 00:16:18,240 --> 00:16:21,240 Speaker 1: will prevent a coup from taking place. Yeah, this will 317 00:16:21,280 --> 00:16:24,560 Speaker 1: address the vulnerabilities that we saw, you know, on January 318 00:16:24,560 --> 00:16:27,400 Speaker 1: six and have been well documented by the January six Commission. 319 00:16:27,880 --> 00:16:29,520 Speaker 1: Uh and so I think you know this will be 320 00:16:29,560 --> 00:16:31,560 Speaker 1: seen as a positive that comes out of this and 321 00:16:31,560 --> 00:16:34,360 Speaker 1: in a real victory for those who are wanting to 322 00:16:34,400 --> 00:16:37,520 Speaker 1: stand up the Constitution. Again, pretty important item to talk 323 00:16:37,560 --> 00:16:39,760 Speaker 1: about as we spend time on this Friday with our panel, 324 00:16:39,840 --> 00:16:42,920 Speaker 1: Rick Davis, Jeanie Schanzano. We'll stay with us as we 325 00:16:43,000 --> 00:16:45,720 Speaker 1: turn our attention next to the incredible breakthrough this week 326 00:16:45,720 --> 00:16:50,600 Speaker 1: at the Lawrence Livermore National Laboratory. Remember, ignition could be 327 00:16:50,720 --> 00:16:56,920 Speaker 1: big news for the military. This is Bloomberg. This is Bloomberg. 328 00:16:57,080 --> 00:17:03,440 Speaker 1: So long with Joe Matthew on Bluebird Radio. This week's 329 00:17:03,480 --> 00:17:07,119 Speaker 1: breakthrough at the Lawrence Livermore National Laboratory stopped us in 330 00:17:07,160 --> 00:17:09,480 Speaker 1: our tracks here. We've talked about it on sound on 331 00:17:10,480 --> 00:17:14,520 Speaker 1: producing a nuclear fusion reaction for the first time, as 332 00:17:14,640 --> 00:17:20,240 Speaker 1: Energy Secretary Jennifer Granholm announced on Tuesday. Listen, it's the 333 00:17:20,320 --> 00:17:24,120 Speaker 1: first time it has ever been done in a laboratory 334 00:17:24,520 --> 00:17:29,760 Speaker 1: anywhere in the world. Simply put, this is one of 335 00:17:29,800 --> 00:17:36,200 Speaker 1: the most impressive scientific feats of the century. B f D. 336 00:17:36,600 --> 00:17:40,639 Speaker 1: As she suggested, Joe Biden might say, because with ignition 337 00:17:40,840 --> 00:17:45,679 Speaker 1: comes the promise right of zero carbon energy, truly clean, 338 00:17:46,000 --> 00:17:49,280 Speaker 1: a clean source of power and abundant one. But as 339 00:17:49,359 --> 00:17:52,119 Speaker 1: Jill Ruby, the under Secretary for Energy Security said at 340 00:17:52,200 --> 00:17:55,760 Speaker 1: that very same event a couple of minutes after Secretary 341 00:17:55,760 --> 00:17:59,359 Speaker 1: Granholme left the podium, the fusion breakthrough brings also a 342 00:17:59,440 --> 00:18:03,359 Speaker 1: more imm to get benefit. Listen, Unlocking ignition at NIFF 343 00:18:04,040 --> 00:18:07,960 Speaker 1: will allow us to probe the extreme conditions found at 344 00:18:07,960 --> 00:18:12,840 Speaker 1: the center of nuclear explosions and address significant long standing 345 00:18:12,920 --> 00:18:18,480 Speaker 1: steward ship questions. Think about that. It's a big deal because, well, 346 00:18:18,520 --> 00:18:21,440 Speaker 1: you know, nuclear tests don't happen any longer. We stopped 347 00:18:21,480 --> 00:18:25,320 Speaker 1: doing that over thirty years ago, underwater in the desert. 348 00:18:25,400 --> 00:18:27,440 Speaker 1: We don't do that anymore, and it makes it very 349 00:18:27,440 --> 00:18:31,920 Speaker 1: difficult to maintain our nuclear arsenal, and so we wanted 350 00:18:31,960 --> 00:18:34,840 Speaker 1: to learn more about this from an expert. Matthew Bunn 351 00:18:35,200 --> 00:18:38,320 Speaker 1: is Professor of the Practice of Energy, National Security, and 352 00:18:38,359 --> 00:18:41,480 Speaker 1: Foreign Policy at the Harvard Kennedy School. He's been working 353 00:18:41,520 --> 00:18:44,040 Speaker 1: in this field for a long time. Co principal investigator 354 00:18:44,160 --> 00:18:47,280 Speaker 1: for the Belfort Center's Project on Managing the Atom, which 355 00:18:47,320 --> 00:18:49,919 Speaker 1: we've also talked about here on this program. Professor welcome 356 00:18:50,280 --> 00:18:56,879 Speaker 1: to Bloomberg. What capability does this give our military? Well, 357 00:18:57,400 --> 00:19:01,240 Speaker 1: the National Ignition Facility has been doing these kinds of 358 00:19:01,880 --> 00:19:05,120 Speaker 1: shots for some time. They just haven't been getting as 359 00:19:05,200 --> 00:19:08,760 Speaker 1: much energy out of it as they now can. With 360 00:19:09,000 --> 00:19:14,080 Speaker 1: this new breakthrough, what they can do is simulate more 361 00:19:14,240 --> 00:19:17,679 Speaker 1: closely the environment at the heart of a nuclear bomb, 362 00:19:17,840 --> 00:19:22,800 Speaker 1: and that does contribute to our already strong ability to 363 00:19:22,960 --> 00:19:27,720 Speaker 1: maintain a safe and effective nuclear stock file. So we 364 00:19:27,800 --> 00:19:31,600 Speaker 1: have five thousand aging warheads. Based on what I'm reading 365 00:19:31,680 --> 00:19:35,760 Speaker 1: here on the terminal, this would would this ensure their 366 00:19:35,880 --> 00:19:40,919 Speaker 1: proper and safe storage or actually impact the way they 367 00:19:40,920 --> 00:19:46,240 Speaker 1: are deployed. So it has more to do with making 368 00:19:46,280 --> 00:19:51,919 Speaker 1: sure that they are reliable and safe. Um you uh. 369 00:19:52,080 --> 00:19:55,840 Speaker 1: Instead of carrying out full scale nuclear explosive tests, we 370 00:19:56,000 --> 00:20:01,040 Speaker 1: test every piece and we do computer simulation of the 371 00:20:01,119 --> 00:20:06,119 Speaker 1: actual nuclear blast. But yes, this tool at the National 372 00:20:06,119 --> 00:20:12,719 Speaker 1: Ignition Facility, these giant lasers that blast these three capsules 373 00:20:12,760 --> 00:20:18,280 Speaker 1: containing hydrogen UM. That allows us to make sure that 374 00:20:18,320 --> 00:20:21,840 Speaker 1: those computer models are actually showing us the right thing 375 00:20:22,840 --> 00:20:26,679 Speaker 1: at the heart of the intense temperature and pressure of 376 00:20:26,720 --> 00:20:31,680 Speaker 1: a nuclear blast. The Energy Department is administering a trillion 377 00:20:31,760 --> 00:20:36,400 Speaker 1: dollar program This is big stuff to maintain and modernize UH, 378 00:20:36,520 --> 00:20:41,520 Speaker 1: the US nuclear arsenal UH. The Livermore Lab. Lawrence Livermore 379 00:20:41,600 --> 00:20:44,840 Speaker 1: Lab obviously plays an important role here. How will that 380 00:20:45,520 --> 00:20:51,240 Speaker 1: help us modernize our arsenal? Well, the trillion dollars is 381 00:20:51,640 --> 00:20:54,320 Speaker 1: bots the Energy Department and the Defense Department. A lot 382 00:20:54,359 --> 00:20:58,040 Speaker 1: of that money is for submarines and missiles and things 383 00:20:58,080 --> 00:21:03,600 Speaker 1: different from the nuclear weapons themselves else um. But this 384 00:21:04,000 --> 00:21:09,960 Speaker 1: will help both maintain the existing weapons. And there is 385 00:21:10,080 --> 00:21:13,440 Speaker 1: for the first time in a long time, a new 386 00:21:13,480 --> 00:21:18,720 Speaker 1: weapon UH that is in development. It is new in 387 00:21:18,760 --> 00:21:23,520 Speaker 1: a sense, but it's the nuclear parts of it are 388 00:21:23,560 --> 00:21:27,920 Speaker 1: based on things we already tested long ago when full 389 00:21:27,920 --> 00:21:31,159 Speaker 1: scale nuclear tests were still being done. So it's within 390 00:21:31,240 --> 00:21:35,400 Speaker 1: the envelope of things that we know for sure will work. 391 00:21:36,480 --> 00:21:39,560 Speaker 1: Knowing there's a test ban, a voluntary one, but a 392 00:21:39,640 --> 00:21:43,800 Speaker 1: tests band. What advantage does this give the US over 393 00:21:43,840 --> 00:21:49,480 Speaker 1: other nuclearized nations, or at least those with nuclear weapons. Well, 394 00:21:49,520 --> 00:21:53,000 Speaker 1: there have been a number of complaints from other countries 395 00:21:53,240 --> 00:21:58,520 Speaker 1: that not only the National Admission facility, but our advanced 396 00:21:58,600 --> 00:22:04,480 Speaker 1: computing capability UH and some of the other advanced experimental 397 00:22:04,520 --> 00:22:09,960 Speaker 1: facilities that we used for the stockpiles stewardship program make 398 00:22:10,160 --> 00:22:15,320 Speaker 1: us better able to maintain our arsenal to explore the 399 00:22:15,320 --> 00:22:20,080 Speaker 1: possibility of new weapons, uh than it's true for other countries. 400 00:22:21,359 --> 00:22:23,280 Speaker 1: You could argue it does give us a leg up, 401 00:22:23,359 --> 00:22:30,440 Speaker 1: but fundamentally, nuclear weapons terrible explosive power is a great equalizer, 402 00:22:30,600 --> 00:22:33,800 Speaker 1: and we don't really have any chance for getting our 403 00:22:33,880 --> 00:22:38,400 Speaker 1: real advantage over for example, Russia, or try not just 404 00:22:38,480 --> 00:22:42,600 Speaker 1: because anybody with a modest number of survival nuclear weapons 405 00:22:42,640 --> 00:22:46,679 Speaker 1: has a terrible threat that they can wield. Fascinating. This 406 00:22:46,720 --> 00:22:49,080 Speaker 1: is why I wanted to speak with Matthew. By Matthew, 407 00:22:49,080 --> 00:22:51,679 Speaker 1: thank you for being with us, a professor the practice 408 00:22:51,680 --> 00:22:54,200 Speaker 1: of Energy, national Security, and Foreign Policy at the Harvard 409 00:22:54,240 --> 00:22:56,920 Speaker 1: Kennedy School. I want to hear from the panel on this, 410 00:22:57,200 --> 00:22:59,920 Speaker 1: not so much on the science behind it, as we're 411 00:23:00,040 --> 00:23:02,440 Speaker 1: you joined by Jeanie Schanzano and Rick Davis, but the 412 00:23:02,880 --> 00:23:05,679 Speaker 1: context here in the timing of this conversation. It's not 413 00:23:05,800 --> 00:23:09,280 Speaker 1: lost on us, Rick that this announcement, the fusion breakthrough, 414 00:23:09,280 --> 00:23:12,280 Speaker 1: happened December fifth. The announcement was this week, and it 415 00:23:12,359 --> 00:23:17,879 Speaker 1: all came as President Vladimir Putin UH is bragging about 416 00:23:17,960 --> 00:23:22,240 Speaker 1: Russia's ability to defend itself and and threatening the use 417 00:23:22,280 --> 00:23:25,600 Speaker 1: of nuclear weapons. Can we connect the dots on the 418 00:23:25,680 --> 00:23:29,760 Speaker 1: timing here? You know, I don't think you can connect 419 00:23:29,760 --> 00:23:32,520 Speaker 1: the dots on that, because Putin has been threatening this, 420 00:23:32,760 --> 00:23:35,640 Speaker 1: you know, really since the early stages of the Ukraine War, 421 00:23:35,680 --> 00:23:37,680 Speaker 1: and this has been something that has been in the 422 00:23:37,720 --> 00:23:41,719 Speaker 1: pipeline and development UH, you know, as discussed for for 423 00:23:41,760 --> 00:23:44,480 Speaker 1: many years, right. And what they've done is they've just 424 00:23:44,560 --> 00:23:48,840 Speaker 1: been able to create um, you know, a little more UH. 425 00:23:48,920 --> 00:23:53,359 Speaker 1: I would say efficient UH progress in this in this experiment. 426 00:23:53,440 --> 00:23:56,480 Speaker 1: So it's not like this is just it's a breakthrough, 427 00:23:57,119 --> 00:24:00,320 Speaker 1: but it's not a new UH kind of experiment. They've 428 00:24:00,320 --> 00:24:02,720 Speaker 1: been working on this for a long time. I would say. 429 00:24:02,800 --> 00:24:05,920 Speaker 1: It does come at a time in nuclear weapon development 430 00:24:05,920 --> 00:24:09,919 Speaker 1: where the Russians are increasing their arsenal and the Chinese 431 00:24:10,240 --> 00:24:14,760 Speaker 1: have invested heavily in the development of their nuclear weapons 432 00:24:15,040 --> 00:24:17,800 Speaker 1: UH and and the Chinese are the new player on 433 00:24:17,840 --> 00:24:21,479 Speaker 1: the block who could potentially exceed the threat of Russia 434 00:24:21,520 --> 00:24:24,800 Speaker 1: in a very short period of time. Marvin Adams Genie, 435 00:24:24,840 --> 00:24:29,920 Speaker 1: the Deputy Administration of Defense Programmer at the National Nuclear 436 00:24:29,960 --> 00:24:32,720 Speaker 1: Security Administration the the n n S A that we 437 00:24:32,720 --> 00:24:37,520 Speaker 1: were hearing them talk about says, this underpins the credibility 438 00:24:37,560 --> 00:24:43,000 Speaker 1: of our nuclear deterrent, demonstrating world leading expertise in weapons 439 00:24:43,080 --> 00:24:46,439 Speaker 1: relevant technologies. It sounds like jargon, but he goes on 440 00:24:46,480 --> 00:24:49,359 Speaker 1: to say, in other words, we know what we're doing. 441 00:24:50,600 --> 00:24:55,239 Speaker 1: There's an audience for a message like that. Yeah, there is, 442 00:24:55,320 --> 00:24:58,480 Speaker 1: particularly at this time. And I think it's so important 443 00:24:58,560 --> 00:25:00,520 Speaker 1: that you had the professor on be because you know, 444 00:25:00,640 --> 00:25:03,520 Speaker 1: when we first heard and where everybody was very excited 445 00:25:03,560 --> 00:25:06,439 Speaker 1: about what had happened on December five and the announcement, 446 00:25:06,760 --> 00:25:09,800 Speaker 1: a lot of the focus was on clean energy, but 447 00:25:09,880 --> 00:25:13,280 Speaker 1: of course the government was saying, um, you know, maybe 448 00:25:13,320 --> 00:25:15,919 Speaker 1: not as publicly, but they were certainly out there saying it. 449 00:25:16,200 --> 00:25:19,919 Speaker 1: The more immediate implications were going to be military exactly 450 00:25:20,000 --> 00:25:24,240 Speaker 1: in this area, and that this is a particularly important 451 00:25:24,320 --> 00:25:27,800 Speaker 1: tool as it comes to deterrence, as it comes to 452 00:25:27,880 --> 00:25:31,040 Speaker 1: modern nuclear weapons, as it comes to testing, and so 453 00:25:31,119 --> 00:25:34,719 Speaker 1: the military aspect of this is critically important. And to 454 00:25:34,800 --> 00:25:37,359 Speaker 1: your point, a lot of our allies, and we heard 455 00:25:37,359 --> 00:25:40,560 Speaker 1: this from Adams, they want to know that, as you said, 456 00:25:40,600 --> 00:25:43,560 Speaker 1: we know what we are doing, and a successful test 457 00:25:43,960 --> 00:25:46,520 Speaker 1: is going to demonstrate that to them. And of course, 458 00:25:46,520 --> 00:25:48,760 Speaker 1: to your point, all of this coming at a time 459 00:25:49,119 --> 00:25:53,439 Speaker 1: when Vladimir putinist threatening a first strike nuclear doctrine. You know, 460 00:25:53,680 --> 00:25:58,320 Speaker 1: when we are seeing um, you know, essentially the ministry 461 00:25:58,359 --> 00:26:01,240 Speaker 1: over in Russia say, if the s sent the Patriot missiles, 462 00:26:01,240 --> 00:26:03,520 Speaker 1: we've effectively become a party to the war. We're no 463 00:26:03,560 --> 00:26:05,920 Speaker 1: longer in to proxy war. Not that this is going 464 00:26:05,960 --> 00:26:08,720 Speaker 1: to help that immediately, but this is the environment in 465 00:26:08,760 --> 00:26:11,359 Speaker 1: which all of this occurred, and against the backdrop of 466 00:26:11,400 --> 00:26:15,840 Speaker 1: Iran getting ever closer to weapons grade. Enrichmond rig how 467 00:26:15,840 --> 00:26:18,880 Speaker 1: important is this message for Tehran? Oh? I think it's 468 00:26:18,920 --> 00:26:22,000 Speaker 1: a clear signal that we mean business, We're not losing 469 00:26:22,040 --> 00:26:24,520 Speaker 1: our edge, We're better at this than you are, and 470 00:26:24,520 --> 00:26:28,919 Speaker 1: and exactly and maybe disarmament is a better option. Incredible, 471 00:26:29,119 --> 00:26:32,160 Speaker 1: great conversation, and it's one that I think we had 472 00:26:32,200 --> 00:26:34,879 Speaker 1: to have before we moved on to the next topic, 473 00:26:34,880 --> 00:26:37,200 Speaker 1: because nobody is really talking about this side of the story. 474 00:26:37,240 --> 00:26:40,280 Speaker 1: The climate side is huge, but it's going to take years, 475 00:26:40,880 --> 00:26:44,359 Speaker 1: if not a couple of decades to reach that point. 476 00:26:44,880 --> 00:26:47,320 Speaker 1: I've got to just let you know that we've got 477 00:26:47,359 --> 00:26:49,879 Speaker 1: some some fun stuff coming later this hour, because you know, 478 00:26:49,960 --> 00:26:52,679 Speaker 1: the end of the Congress means the farewell speeches, some 479 00:26:52,800 --> 00:26:56,280 Speaker 1: of them fund some of them actually quite serious and instructive. 480 00:26:56,680 --> 00:26:58,359 Speaker 1: And we're going to dig into some of the comments 481 00:26:58,400 --> 00:27:01,439 Speaker 1: that we heard from the retiring call them retiring lawmakers, 482 00:27:01,840 --> 00:27:05,199 Speaker 1: at least for the case of this conversation coming up 483 00:27:05,240 --> 00:27:09,920 Speaker 1: ahead on sound On. This is Bloomberg Sound On with 484 00:27:10,080 --> 00:27:16,359 Speaker 1: Joe Matthew on Bloomberg Radio. It's a tradition that comes 485 00:27:16,480 --> 00:27:20,159 Speaker 1: with the end of any Congress, the farewell address, and 486 00:27:20,160 --> 00:27:23,560 Speaker 1: we've heard quite a number of them this week, some touching, 487 00:27:23,680 --> 00:27:29,640 Speaker 1: some sad, some funny, others instructive. None got more attention 488 00:27:29,680 --> 00:27:33,240 Speaker 1: this week than the farewell address by Congressman Adam Kinzinger, 489 00:27:33,280 --> 00:27:35,600 Speaker 1: the Republican, of course, a member of the January six 490 00:27:35,640 --> 00:27:38,720 Speaker 1: Committee and left on an island by his own party 491 00:27:39,160 --> 00:27:42,480 Speaker 1: because of his views on Donald Trump on the election 492 00:27:43,040 --> 00:27:46,439 Speaker 1: on January six. Of course, here's Adam Kinsinger on the 493 00:27:46,480 --> 00:27:49,119 Speaker 1: House floor. The Republican Party used to believe in a 494 00:27:49,160 --> 00:27:52,920 Speaker 1: big tent which walcome to the tired, the poor, the 495 00:27:52,960 --> 00:27:57,480 Speaker 1: huddled masses yearning to breathe free, now with shelter. The ignorant, 496 00:27:57,480 --> 00:28:01,719 Speaker 1: the racist who only stoked and hatred to those who 497 00:28:01,760 --> 00:28:05,480 Speaker 1: are different than us. Pretty heavy duty, and he said 498 00:28:05,520 --> 00:28:07,320 Speaker 1: a lot more than that as we reassembled the panel. 499 00:28:07,400 --> 00:28:11,080 Speaker 1: Rick Davis and Jennie Chanzanol Bloomberg Politics contributors. I know 500 00:28:11,119 --> 00:28:13,679 Speaker 1: that that you've been, uh, you've been close to the 501 00:28:13,680 --> 00:28:17,320 Speaker 1: congressman Rick and and following the events of January six, 502 00:28:17,400 --> 00:28:21,040 Speaker 1: he's been through a lot here taking aim at his 503 00:28:21,119 --> 00:28:24,520 Speaker 1: own party with some pretty harsh rhetoric on the floor. 504 00:28:25,160 --> 00:28:28,440 Speaker 1: Will it matter in the end, Sure? Yeah, I think 505 00:28:28,480 --> 00:28:31,919 Speaker 1: these things matter. I think the January six Committee mattered. Uh, 506 00:28:31,960 --> 00:28:35,120 Speaker 1: it helped define what happened on January six against all 507 00:28:35,119 --> 00:28:39,440 Speaker 1: the other lies and and and and misdirection that was 508 00:28:39,480 --> 00:28:41,960 Speaker 1: given by a lot of the Republican leadership in the House. 509 00:28:42,520 --> 00:28:44,960 Speaker 1: I think his participation list Jenney's on that gave it 510 00:28:45,000 --> 00:28:50,320 Speaker 1: credibility well beyond even what they expected. Both their conduct 511 00:28:50,360 --> 00:28:53,640 Speaker 1: were exemplary, and I think that we'll still be talking 512 00:28:53,640 --> 00:28:56,760 Speaker 1: about the January six Committee for quite some time. So 513 00:28:57,200 --> 00:28:59,920 Speaker 1: I think he had an impact. And I don't think 514 00:29:00,000 --> 00:29:02,960 Speaker 1: we've heard the last of of Adam Kinsinger. Well that's 515 00:29:03,000 --> 00:29:05,560 Speaker 1: my question for you. I mean this this was a speech, 516 00:29:05,800 --> 00:29:08,640 Speaker 1: uh really for the ages, it might have been the 517 00:29:08,640 --> 00:29:11,400 Speaker 1: most important speech he ever gave. Will it will it 518 00:29:11,440 --> 00:29:14,440 Speaker 1: be reflected upon when he's running for national office. Oh, 519 00:29:14,480 --> 00:29:17,200 Speaker 1: I think that this speech will appear in a lot 520 00:29:17,280 --> 00:29:20,560 Speaker 1: of different places, uh, you know, to try and motivate 521 00:29:20,640 --> 00:29:24,560 Speaker 1: and encourage people of like minded persuasion to get involved 522 00:29:24,560 --> 00:29:27,040 Speaker 1: in politics and the future. He has a very strong 523 00:29:27,120 --> 00:29:31,320 Speaker 1: pack operation that's trying to recruit people who uh actually 524 00:29:31,320 --> 00:29:34,040 Speaker 1: take the oath of office seriously. And I would say 525 00:29:34,160 --> 00:29:36,239 Speaker 1: one of the things that he talked about is the 526 00:29:36,240 --> 00:29:39,440 Speaker 1: oath of office and and and the the requirement to 527 00:29:39,440 --> 00:29:42,560 Speaker 1: support and defend the Constitution. And what's interesting to me 528 00:29:42,640 --> 00:29:45,600 Speaker 1: is so many of the retiring members, both on the 529 00:29:45,600 --> 00:29:48,400 Speaker 1: House and the Senate side, and in both parties, um 530 00:29:48,760 --> 00:29:52,640 Speaker 1: talked about their oath of office and how important that is. Yeah. Um, 531 00:29:52,680 --> 00:29:56,880 Speaker 1: he took aim at Democrats as well. Genie, let's go 532 00:29:56,960 --> 00:30:00,000 Speaker 1: back to the farewell address and Congressman Adam Kinsinger list. 533 00:30:00,560 --> 00:30:02,080 Speaker 1: Many of you have asked me where are all the 534 00:30:02,120 --> 00:30:06,320 Speaker 1: good Republicans Over the past two years, Democratic leadership had 535 00:30:06,360 --> 00:30:10,000 Speaker 1: the opportunity to stand above the fray. Instead, they poured 536 00:30:10,040 --> 00:30:14,240 Speaker 1: millions of dollars into the campaigns of maga Republicans, the 537 00:30:14,320 --> 00:30:18,800 Speaker 1: same candidates President Biden called a national security threat to 538 00:30:18,920 --> 00:30:21,280 Speaker 1: ensure these good Republicans did not make it out of 539 00:30:21,280 --> 00:30:25,240 Speaker 1: their respective primaries. This is no longer politics as usual. 540 00:30:25,960 --> 00:30:29,160 Speaker 1: This is not a game. If you keep stoking the fire, 541 00:30:29,280 --> 00:30:32,600 Speaker 1: you can't point the fingers when our great experiment goes 542 00:30:32,680 --> 00:30:35,360 Speaker 1: up in flames. It's been interesting to me you need 543 00:30:35,440 --> 00:30:39,600 Speaker 1: to watch Democrats warm up to Adam Kinzinger, to warm 544 00:30:39,680 --> 00:30:42,239 Speaker 1: up to Liz Cheney, almost as if we you know, 545 00:30:42,280 --> 00:30:45,360 Speaker 1: there was there was almost an embrace. Why don't you 546 00:30:45,360 --> 00:30:48,640 Speaker 1: guys just become Democrats knowing that they actually disagree on 547 00:30:48,800 --> 00:30:53,400 Speaker 1: basically every point of policy. Well, Democrats listen to Adam Kinzinger. Now, 548 00:30:54,280 --> 00:30:56,360 Speaker 1: you know, if if you go back five years, the 549 00:30:56,400 --> 00:30:59,680 Speaker 1: idea that Democrats would be embracing Liz Cheney to any 550 00:31:00,040 --> 00:31:03,680 Speaker 1: then it's sort of absurd, unfathomable, you can't even imagine it. 551 00:31:03,720 --> 00:31:06,720 Speaker 1: And yet here we are. Um, you know, I think 552 00:31:06,760 --> 00:31:09,680 Speaker 1: they will listen to him, They will listen to her 553 00:31:09,920 --> 00:31:14,160 Speaker 1: on these issues. And he does make a really important 554 00:31:14,200 --> 00:31:17,680 Speaker 1: point about what Democrats did in this election cycle by 555 00:31:17,840 --> 00:31:22,400 Speaker 1: supporting these trumpion of far right candidates in the hopes 556 00:31:22,440 --> 00:31:25,480 Speaker 1: they would be easier to be and of course they did. 557 00:31:25,520 --> 00:31:28,920 Speaker 1: They did pay off for Democrats in a place potentially 558 00:31:28,960 --> 00:31:31,680 Speaker 1: like New Hampshire, So you know, it's a win. So 559 00:31:31,720 --> 00:31:33,560 Speaker 1: it's a hard case to make to them. But you know, 560 00:31:33,640 --> 00:31:36,440 Speaker 1: one of the challenges I have with with his speech 561 00:31:36,640 --> 00:31:39,760 Speaker 1: to you know, quite frankly, is that it was very 562 00:31:39,800 --> 00:31:42,880 Speaker 1: long on platitudes and very short on specifics. Now, he's 563 00:31:42,920 --> 00:31:46,560 Speaker 1: got this Country First organization that Rick mentioned, he's working there. 564 00:31:46,960 --> 00:31:49,560 Speaker 1: But the reality is, is, you know, for him to 565 00:31:49,640 --> 00:31:55,400 Speaker 1: accuse public officials of playing politics, is you know, yes, 566 00:31:55,520 --> 00:31:58,040 Speaker 1: and what so what are you going to do about it? 567 00:31:58,040 --> 00:32:00,800 Speaker 1: What are the specific reforms you want to introduce you 568 00:32:00,880 --> 00:32:04,600 Speaker 1: think should be introduced, because you can't just hope that 569 00:32:04,720 --> 00:32:08,160 Speaker 1: politicians are not going to play politics, because they are 570 00:32:08,520 --> 00:32:11,240 Speaker 1: because that's how the system is designed. He had very 571 00:32:11,320 --> 00:32:14,760 Speaker 1: limited things to say about systematic reform, and that was 572 00:32:14,880 --> 00:32:17,480 Speaker 1: true of Toomey, truth Berr, and everybody else who spoke. 573 00:32:17,800 --> 00:32:20,680 Speaker 1: And that is a troubling aspect of these farewell addresses 574 00:32:20,720 --> 00:32:23,440 Speaker 1: this year. They look fair point there. But I have 575 00:32:23,520 --> 00:32:26,040 Speaker 1: to admit, Rick, if it's working, If this is working, 576 00:32:26,400 --> 00:32:29,760 Speaker 1: Democrats and Republicans will do it again. If this wasn't 577 00:32:29,760 --> 00:32:32,120 Speaker 1: new in this election cycle, it might have been more pronounced. 578 00:32:32,440 --> 00:32:35,240 Speaker 1: But the idea of Democrats propping up MAGA candidates knowing 579 00:32:35,240 --> 00:32:38,320 Speaker 1: that they might be weaker in a general election was 580 00:32:38,400 --> 00:32:40,320 Speaker 1: a risky move, and it actually paid off in a 581 00:32:40,360 --> 00:32:41,920 Speaker 1: bunch of states. So we're going to see more of that, 582 00:32:41,960 --> 00:32:45,600 Speaker 1: aren't we. Uh. You may just spend on the leadership 583 00:32:45,720 --> 00:32:48,840 Speaker 1: of the party and the party committees precisions and make 584 00:32:48,920 --> 00:32:51,000 Speaker 1: on where to use their money. Right, everything is a 585 00:32:51,280 --> 00:32:54,480 Speaker 1: everything is a strategic decision on where to put money. 586 00:32:54,520 --> 00:32:56,680 Speaker 1: I would say maybe it's a wake up call to 587 00:32:56,760 --> 00:33:00,120 Speaker 1: Republicans who manage these committees, like in the sense that 588 00:33:00,960 --> 00:33:03,600 Speaker 1: where we didn't actually get involved in primaries. I mean, 589 00:33:03,680 --> 00:33:06,040 Speaker 1: isn't it ironic that the Republican Party doesn't care who 590 00:33:06,040 --> 00:33:08,960 Speaker 1: they nominate but the Democrats do? I mean, does that 591 00:33:09,000 --> 00:33:11,880 Speaker 1: make any sense to you? So it's going to be 592 00:33:11,920 --> 00:33:14,560 Speaker 1: an ongoing practice then, Genie, right, I mean, what's going 593 00:33:14,600 --> 00:33:16,560 Speaker 1: to look like with this? Yeah, that's the danger. I 594 00:33:16,640 --> 00:33:18,840 Speaker 1: mean I was listening to James Carville say, you know 595 00:33:18,960 --> 00:33:21,600 Speaker 1: this work to let do it more. Um, you can't 596 00:33:21,640 --> 00:33:24,600 Speaker 1: begrudge people for doing something which they're going to win 597 00:33:24,760 --> 00:33:27,680 Speaker 1: doing so the reality is you've got to find another 598 00:33:27,720 --> 00:33:31,040 Speaker 1: way if you want to disincentivize this behavior. It's not enough. 599 00:33:31,080 --> 00:33:34,160 Speaker 1: It's it's a start to call people out. But in politics, 600 00:33:34,320 --> 00:33:36,440 Speaker 1: let us all agree that's not going to be enough. 601 00:33:36,480 --> 00:33:38,800 Speaker 1: If you win doing the exact thing, you're going to 602 00:33:38,960 --> 00:33:41,640 Speaker 1: keep doing it. And Democrats will and I think Republicans 603 00:33:41,640 --> 00:33:43,320 Speaker 1: will try it as well. They've done it in the past, 604 00:33:43,320 --> 00:33:45,960 Speaker 1: they'll try it again. Well. Adam Kinsinger isn't done yet. 605 00:33:45,960 --> 00:33:48,480 Speaker 1: He's got another hearing of the January six Committee is 606 00:33:48,520 --> 00:33:50,280 Speaker 1: going to hold a hearing on Monday. It's going to 607 00:33:50,360 --> 00:33:52,560 Speaker 1: be a pretty big deal, is they They're going to vote, 608 00:33:53,240 --> 00:33:57,560 Speaker 1: uh reportedly, on on urging charges against Donald Trump. They're 609 00:33:57,560 --> 00:34:00,400 Speaker 1: going to vote on issuing a final report, and then 610 00:34:00,400 --> 00:34:02,840 Speaker 1: they will ask the d o J if the vote 611 00:34:02,880 --> 00:34:04,920 Speaker 1: goes through him, assuming it will, to pursue at least 612 00:34:04,960 --> 00:34:09,400 Speaker 1: two criminal charges against Donald Trump. The timing here, my gosh, 613 00:34:09,440 --> 00:34:11,480 Speaker 1: this is gonna be the last week that any of 614 00:34:11,480 --> 00:34:14,880 Speaker 1: this could happen here, Rick, Is that good timing? Just 615 00:34:14,920 --> 00:34:17,239 Speaker 1: the fact that they're they're finally getting a report out 616 00:34:17,680 --> 00:34:20,120 Speaker 1: or is it too late to make a difference. I 617 00:34:20,320 --> 00:34:21,920 Speaker 1: don't know. If it's too late to make a difference. 618 00:34:21,960 --> 00:34:25,040 Speaker 1: It is the very end of their their line, right, 619 00:34:25,040 --> 00:34:27,880 Speaker 1: I mean, when this panel was empowered. I remember talking 620 00:34:27,920 --> 00:34:30,799 Speaker 1: to people like uh, Congressman Kinsinger who said, oh, yeah, 621 00:34:30,800 --> 00:34:32,919 Speaker 1: we're gonna wrap this thing up in August. Well they're 622 00:34:33,080 --> 00:34:36,239 Speaker 1: well off that August, Mark and and so uh and 623 00:34:36,280 --> 00:34:38,440 Speaker 1: I think that was probably their strategy, was get this 624 00:34:38,520 --> 00:34:41,879 Speaker 1: report written in their conclusions drawn before the election. Um, 625 00:34:42,000 --> 00:34:45,480 Speaker 1: so we're well past that. Obviously, there were a lot 626 00:34:45,480 --> 00:34:48,280 Speaker 1: of things that were even coming out in the public 627 00:34:48,880 --> 00:34:52,359 Speaker 1: domain that nobody knew about even back in August, so 628 00:34:52,760 --> 00:34:55,200 Speaker 1: they took advantage of that. But uh, yeah, this this 629 00:34:55,239 --> 00:34:57,560 Speaker 1: will be talked about next year. A lot of people 630 00:34:57,600 --> 00:35:01,080 Speaker 1: are gonna be spending the Christmas holidays eating it. Uh 631 00:35:01,120 --> 00:35:03,399 Speaker 1: and uh. And I'm sure the Justice Department will take 632 00:35:03,440 --> 00:35:06,920 Speaker 1: whatever recommendations that they make and take them seriously. What's 633 00:35:06,960 --> 00:35:10,240 Speaker 1: more important, Genie, the report to at last be issued, 634 00:35:10,480 --> 00:35:14,759 Speaker 1: or referring the former president for criminal charges. You know, 635 00:35:14,960 --> 00:35:17,520 Speaker 1: it's a hard choice. I think historically it's going to 636 00:35:17,600 --> 00:35:19,640 Speaker 1: be this report. It's going to be a thorough report. 637 00:35:19,680 --> 00:35:21,799 Speaker 1: This probably goes down as one of the most successful 638 00:35:22,000 --> 00:35:25,760 Speaker 1: Congressional committees in modern history, and I think that will remain. 639 00:35:25,920 --> 00:35:28,520 Speaker 1: I think it really surprised all of us how successful 640 00:35:28,560 --> 00:35:31,799 Speaker 1: they were we have to read the report. The recommendation 641 00:35:31,960 --> 00:35:33,640 Speaker 1: d o J doesn't have teeth, so I don't think 642 00:35:33,640 --> 00:35:36,920 Speaker 1: it's as important, although it is historically important. Well, we'll 643 00:35:36,920 --> 00:35:39,720 Speaker 1: be going through it at this time on Monday, of course. 644 00:35:40,280 --> 00:35:43,279 Speaker 1: Here on Bloomberg, Rick Davis and Genie Chanzano, thank you. 645 00:35:43,400 --> 00:35:47,000 Speaker 1: As ever, our signature panel with the best insights in 646 00:35:47,040 --> 00:35:49,560 Speaker 1: the business will bring you into some of those farewell 647 00:35:49,640 --> 00:35:55,800 Speaker 1: speeches ahead. This is Bloomberg, This is Bloomberg, so on 648 00:35:56,360 --> 00:36:02,040 Speaker 1: with Joe Matthew on Bloomberg Radio. Well, let's hear it 649 00:36:02,080 --> 00:36:06,279 Speaker 1: for posterity. Some wonderful moments this week on Capitol Hill. 650 00:36:06,360 --> 00:36:10,760 Speaker 1: You may love to hate politicians, I see their approval ratings, 651 00:36:11,239 --> 00:36:14,040 Speaker 1: but sometimes we are reminded that they're humans too. Listen 652 00:36:14,040 --> 00:36:16,960 Speaker 1: to former House Speaker John Bayner this week paying tribute 653 00:36:17,000 --> 00:36:20,960 Speaker 1: to his former rival, Speaker Nancy Pelosi, who drove him 654 00:36:21,000 --> 00:36:23,640 Speaker 1: wild of course when he was speaker, and you know 655 00:36:23,680 --> 00:36:26,520 Speaker 1: he got emotional at the unfailing of Pelosi's portrait. Listen, 656 00:36:26,760 --> 00:36:28,680 Speaker 1: and the fact of the matter is no other Speaker 657 00:36:28,719 --> 00:36:32,279 Speaker 1: of the House in a modern area era, Republican or Democrat, 658 00:36:33,480 --> 00:36:44,560 Speaker 1: uh uh, has wield wielded the gabble with such authority 659 00:36:45,160 --> 00:36:51,520 Speaker 1: or with such consistent results, let's just say yeah. And 660 00:36:51,560 --> 00:36:53,279 Speaker 1: then he really got into it here, and of course, 661 00:36:53,320 --> 00:36:55,400 Speaker 1: you know every everyone loses it when they started talking 662 00:36:55,400 --> 00:36:58,480 Speaker 1: about their kids, and he had a message for Nancy 663 00:36:58,520 --> 00:37:02,319 Speaker 1: Pelosi for his daughters. Listen again, Madam Speaker, I have 664 00:37:02,480 --> 00:37:09,759 Speaker 1: to say, my girls told me telling us Speaker how 665 00:37:09,840 --> 00:37:16,240 Speaker 1: much we admi. He gave him a big hug. Nancy 666 00:37:16,239 --> 00:37:18,480 Speaker 1: Pelosi gets up, sitting next to her husband, Paul has 667 00:37:18,480 --> 00:37:21,120 Speaker 1: of cours been through hell, gets up, walked all the 668 00:37:21,120 --> 00:37:22,560 Speaker 1: way across the room to give him a big hug. 669 00:37:22,640 --> 00:37:26,799 Speaker 1: John Bayner and Nancy Pelosi, how about it as we 670 00:37:27,000 --> 00:37:30,080 Speaker 1: bring you the farewell addresses with some other touching moments 671 00:37:30,200 --> 00:37:33,040 Speaker 1: from this week in the House and the Senate. Listen. 672 00:37:33,160 --> 00:37:36,760 Speaker 1: I'm honored to rise for a few minutes here, Mr Speaker, 673 00:37:38,239 --> 00:37:42,160 Speaker 1: to address this House for the final time. President Senator 674 00:37:42,200 --> 00:37:45,600 Speaker 1: from Pennsylvania, and I'm President. I rise for the customary 675 00:37:45,600 --> 00:37:57,920 Speaker 1: farewell address to until to my colleagues on both sides 676 00:37:57,960 --> 00:38:01,120 Speaker 1: of the aisle. It has been a privilege to have 677 00:38:01,200 --> 00:38:06,239 Speaker 1: had this extraordinary opportunity to serve with you for the 678 00:38:06,320 --> 00:38:09,880 Speaker 1: past thirty years. It's about learning from each other, falling 679 00:38:09,920 --> 00:38:14,000 Speaker 1: down and getting up to fight on another day. I'm 680 00:38:14,080 --> 00:38:16,760 Speaker 1: so grateful to the people of Michigan's the ninth District 681 00:38:16,840 --> 00:38:19,239 Speaker 1: for giving me the opportunity tunity to serve you in 682 00:38:19,239 --> 00:38:22,520 Speaker 1: this way. I was a baker, a cattle auctioneer, a 683 00:38:22,640 --> 00:38:27,160 Speaker 1: towboat operator, and I even drove a zamboni every Sherian shift. 684 00:38:27,280 --> 00:38:29,800 Speaker 1: Gave me a first hand view of how hard people 685 00:38:29,880 --> 00:38:32,560 Speaker 1: work to support their families. I hope I earned the 686 00:38:32,600 --> 00:38:36,359 Speaker 1: respect of those I represented, whether they were Democrats, Republicans, 687 00:38:36,600 --> 00:38:39,319 Speaker 1: or neither, whether they voted for me or would never 688 00:38:39,560 --> 00:38:52,399 Speaker 1: dream of voting for me. And I will tell you 689 00:38:52,440 --> 00:38:55,280 Speaker 1: there have been some great Americans, some of the best 690 00:38:56,440 --> 00:39:02,640 Speaker 1: that have served in this chamber. Well, good nights. I 691 00:39:02,680 --> 00:39:06,600 Speaker 1: hate to go and with this pretty side, but they're 692 00:39:06,640 --> 00:39:12,960 Speaker 1: also have been scoundrels, crooks, liars. This is the people's house. 693 00:39:14,080 --> 00:39:20,080 Speaker 1: Very well, hid you to you and you and you 694 00:39:20,400 --> 00:39:22,880 Speaker 1: now proud today to give this speech while some of 695 00:39:22,920 --> 00:39:24,960 Speaker 1: my colleagues and other side of I are saying goodbye 696 00:39:25,000 --> 00:39:27,440 Speaker 1: as well. We did a lot of good things together, 697 00:39:28,480 --> 00:39:32,799 Speaker 1: very well. The best is yet to come. It has 698 00:39:32,840 --> 00:39:35,960 Speaker 1: been an honor to work and serve with all of 699 00:39:36,000 --> 00:39:41,359 Speaker 1: my colleagues, Madam Speaker, thank you once again the Tree 700 00:39:41,680 --> 00:39:46,000 Speaker 1: of Life by just tick me plumb. Despite our challenges, 701 00:39:46,680 --> 00:39:51,400 Speaker 1: I'm extremely bullish on America. You came along and everything 702 00:39:51,800 --> 00:39:56,120 Speaker 1: started into and I think my optimism is easily justified 703 00:39:56,320 --> 00:40:00,440 Speaker 1: by art history. Still, it's real good that the best 704 00:40:00,680 --> 00:40:03,399 Speaker 1: is yet to come. I'm thinking maybe we should start 705 00:40:03,440 --> 00:40:08,680 Speaker 1: a post Senate support group. Best is yet to come? 706 00:40:08,760 --> 00:40:12,600 Speaker 1: And babe, won't that be fine. I've worked with every 707 00:40:12,600 --> 00:40:14,440 Speaker 1: one of you in one way or another. Thank you 708 00:40:14,480 --> 00:40:17,520 Speaker 1: for that privilege. You think you've seen the sun, but 709 00:40:17,760 --> 00:40:20,960 Speaker 1: you ain't seen it in godspeed as you continue to 710 00:40:20,960 --> 00:40:24,080 Speaker 1: serve your constituents and continue to carry that torture freedom 711 00:40:24,200 --> 00:40:31,480 Speaker 1: for thanks you come, come the day mine, Come the 712 00:40:31,600 --> 00:40:37,359 Speaker 1: day of mine, and you're gonna be mine. We'll meet 713 00:40:37,360 --> 00:40:40,279 Speaker 1: you back here on Monday on the fastest hour in politics. 714 00:40:40,520 --> 00:40:41,560 Speaker 1: This is Bloomberg.