1 00:00:02,520 --> 00:00:10,119 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. You're listening to the 2 00:00:10,119 --> 00:00:13,880 Speaker 1: Bloomberg Balance of Power podcast. Catch us live weekdays at 3 00:00:13,920 --> 00:00:17,119 Speaker 1: noon and five pm Eastern on Apple, Cocklay and Android 4 00:00:17,160 --> 00:00:20,520 Speaker 1: Auto with the Bloomberg Business App. Listen on demand wherever 5 00:00:20,600 --> 00:00:23,760 Speaker 1: you get your podcasts, or watch us live on YouTube. 6 00:00:25,360 --> 00:00:29,080 Speaker 2: I'm Tyler Kendall here alongside Joe Matthew in Washington, and 7 00:00:29,120 --> 00:00:32,680 Speaker 2: we are watching closely Capitol Hill as the government shutdown 8 00:00:32,720 --> 00:00:36,400 Speaker 2: continues and Americans are starting to feel the impacts. In fact, 9 00:00:36,560 --> 00:00:40,160 Speaker 2: yesterday the administration announced that the US will cut flight 10 00:00:40,200 --> 00:00:44,960 Speaker 2: capacity by ten percent at forty high volume airports across 11 00:00:45,000 --> 00:00:46,559 Speaker 2: the country. It's all in a bid to try to 12 00:00:47,280 --> 00:00:51,839 Speaker 2: relieve the pressure on air traffic controllers amid the shutdown 13 00:00:51,840 --> 00:00:54,640 Speaker 2: as they go without pay. We heard from the Transportation 14 00:00:54,680 --> 00:00:57,840 Speaker 2: Secretary Sean Duffy yesterday announcing the new policy. 15 00:00:58,760 --> 00:01:03,120 Speaker 3: I anticipate there'll be a disruptions, there'll be frustration. We 16 00:01:03,200 --> 00:01:06,600 Speaker 3: are working with the airlines. They're going to work with passengers. 17 00:01:07,120 --> 00:01:09,800 Speaker 3: But in the end, our sole role is to make 18 00:01:09,840 --> 00:01:12,840 Speaker 3: sure that we keep this airspace as safe as possible. 19 00:01:12,880 --> 00:01:16,400 Speaker 3: There is going to be a ten percent reduction in 20 00:01:16,520 --> 00:01:19,640 Speaker 3: capacity at forty of our locations. 21 00:01:20,880 --> 00:01:25,680 Speaker 4: Forty of our locations high volume areas, as he called them. 22 00:01:25,720 --> 00:01:29,360 Speaker 4: And CBS News is actually talking about which airports are 23 00:01:29,360 --> 00:01:30,000 Speaker 4: on the list, Tyler. 24 00:01:30,040 --> 00:01:31,840 Speaker 5: We're still waiting for this to be made official, right. 25 00:01:32,000 --> 00:01:34,360 Speaker 4: They're talking about some of the nation's busiest airports though, 26 00:01:34,400 --> 00:01:38,959 Speaker 4: think Atlanta, Dallas, New York City, Los Angeles. These aren't 27 00:01:39,040 --> 00:01:42,080 Speaker 4: rural airports we're discussing. And the airlines are a little 28 00:01:42,080 --> 00:01:44,160 Speaker 4: bit concerned about this plan. So I wonder if we're 29 00:01:44,160 --> 00:01:45,640 Speaker 4: going to have to wait because they're not ready to 30 00:01:45,680 --> 00:01:47,360 Speaker 4: cut capacity in all these places. 31 00:01:47,040 --> 00:01:49,600 Speaker 2: Right exactly, especially when you think about how we are 32 00:01:49,640 --> 00:01:52,840 Speaker 2: about to head into one of the busiest traveled seasons. 33 00:01:52,880 --> 00:01:55,680 Speaker 2: We are approaching Thanksgiving. Now, think about a lot of 34 00:01:55,680 --> 00:01:58,400 Speaker 2: the lawmakers that are still out of town, still out 35 00:01:58,400 --> 00:02:00,480 Speaker 2: of session on the House side, maybe having to come 36 00:02:00,520 --> 00:02:03,160 Speaker 2: back into Washington. We'll see if that might feel any 37 00:02:03,240 --> 00:02:05,880 Speaker 2: of the pressure to help get the government back real open. 38 00:02:05,960 --> 00:02:08,000 Speaker 4: There was no picnic getting back to Washington from New 39 00:02:08,080 --> 00:02:10,800 Speaker 4: York this week. We were living the story waiting for 40 00:02:10,919 --> 00:02:13,440 Speaker 4: hours to get from LaGuardia to DCA. And this is 41 00:02:13,480 --> 00:02:16,000 Speaker 4: the reality for anybody who dares to get on a 42 00:02:16,040 --> 00:02:18,639 Speaker 4: flight right now. I'll add the fact that a lot 43 00:02:18,680 --> 00:02:21,560 Speaker 4: of Amtrak trains, at least in the so called Amtrak 44 00:02:21,600 --> 00:02:24,560 Speaker 4: hordor here in the Northeast, are completely sold out. So 45 00:02:24,600 --> 00:02:26,840 Speaker 4: the spillover is actually happening. And maybe this is good 46 00:02:26,880 --> 00:02:31,040 Speaker 4: news for the trains. But Detroit, says producer James, apparently 47 00:02:31,080 --> 00:02:33,160 Speaker 4: on the list which is going to hit close to 48 00:02:33,160 --> 00:02:34,280 Speaker 4: home for Haley Stevens. 49 00:02:34,480 --> 00:02:35,800 Speaker 5: Imagine the life of a lawmaker. 50 00:02:35,840 --> 00:02:37,760 Speaker 4: You're on a plane every week going back and forth 51 00:02:37,760 --> 00:02:39,800 Speaker 4: to commute to work, and the congresswoman is with us now. 52 00:02:39,840 --> 00:02:40,840 Speaker 5: The Democrat from. 53 00:02:40,720 --> 00:02:44,000 Speaker 4: Michigan who's running for US Senate could be faced with 54 00:02:44,120 --> 00:02:45,960 Speaker 4: voting again on all of this stuff, and she's with 55 00:02:46,040 --> 00:02:48,240 Speaker 4: us now, live from Capitol Hill. Congresswoman, I'm not sure 56 00:02:48,240 --> 00:02:50,120 Speaker 4: the last time you were on a plane, but I 57 00:02:50,160 --> 00:02:53,880 Speaker 4: wonder if this is what brings this shutdown to an end. 58 00:02:54,840 --> 00:02:56,240 Speaker 5: You tell us how you seeing it. 59 00:02:57,720 --> 00:02:59,840 Speaker 6: I'll tell you what it's going to bring the shutdown 60 00:03:00,080 --> 00:03:04,520 Speaker 6: to an end, Joe. It is a vote on extending 61 00:03:04,639 --> 00:03:09,160 Speaker 6: the ACA tax subsidies. We are in a crisis already. 62 00:03:09,440 --> 00:03:13,959 Speaker 6: People are losing their healthcare coverage. These are real headlines 63 00:03:14,080 --> 00:03:18,160 Speaker 6: in Michigan in the middle of an affordability cost of 64 00:03:18,280 --> 00:03:23,240 Speaker 6: living crisis, and the president has been nowhere to be found. 65 00:03:23,520 --> 00:03:26,920 Speaker 6: He finally came up for air just the other day 66 00:03:27,040 --> 00:03:31,560 Speaker 6: after the elections, citing and recognizing that this shutdown was 67 00:03:32,160 --> 00:03:37,680 Speaker 6: finally causing problems. But the problem began when colleagues decided 68 00:03:37,680 --> 00:03:41,760 Speaker 6: not to negotiate and to compromise. And of course no 69 00:03:41,800 --> 00:03:45,880 Speaker 6: one likes the shutdown. We also cannot continue to see 70 00:03:45,920 --> 00:03:49,640 Speaker 6: people lose their healthcare coverage. It is way too serious, 71 00:03:49,680 --> 00:03:54,480 Speaker 6: particularly with other prices like at the grocery store soaring 72 00:03:54,600 --> 00:03:56,040 Speaker 6: to astronomical levels. 73 00:03:57,840 --> 00:04:01,360 Speaker 2: Congresswoman, just for clarity here, would you advise your Democratic 74 00:04:01,400 --> 00:04:03,360 Speaker 2: colleagues in the Senate to get on board with a 75 00:04:03,440 --> 00:04:07,480 Speaker 2: plan for a vote on an extension of those ACA subsidies, 76 00:04:07,520 --> 00:04:09,840 Speaker 2: as you were saying, But for that to happen after 77 00:04:10,200 --> 00:04:12,480 Speaker 2: the government reopens, or does this all have to come 78 00:04:12,480 --> 00:04:16,000 Speaker 2: together before that ultimate vote to reopen the government takes place. 79 00:04:17,160 --> 00:04:20,520 Speaker 6: I want to see that vote take place. We have 80 00:04:20,600 --> 00:04:25,360 Speaker 6: waited long enough. Open enrollment has begun. Headlines in Michigan 81 00:04:25,560 --> 00:04:27,919 Speaker 6: right now are talking about how people are going to 82 00:04:27,920 --> 00:04:32,719 Speaker 6: be losing their coverage, how our insurers cannot be saddled 83 00:04:32,839 --> 00:04:37,920 Speaker 6: right now with these costs. These costs realities, and people 84 00:04:37,960 --> 00:04:41,800 Speaker 6: are logging in to sign up for open enrollment and 85 00:04:41,839 --> 00:04:43,799 Speaker 6: it's one hundred and forty five percent increase. 86 00:04:43,880 --> 00:04:44,720 Speaker 7: We're also going to. 87 00:04:44,640 --> 00:04:48,440 Speaker 6: Have to do some work to go back and address 88 00:04:48,480 --> 00:04:51,600 Speaker 6: what has taken place for this first week during open enrollment. 89 00:04:51,680 --> 00:04:54,600 Speaker 6: So that's why I feel very strongly about a vote 90 00:04:55,080 --> 00:04:59,800 Speaker 6: on the ACA subsidies, And frankly, it's a reminder about 91 00:05:00,040 --> 00:05:03,919 Speaker 6: who's addressing these cost issues. I've got a bill to 92 00:05:04,040 --> 00:05:07,120 Speaker 6: lower the cost of food. It's called No Tariffs on 93 00:05:07,160 --> 00:05:10,919 Speaker 6: Groceries Act. Because I know that we've got one point 94 00:05:10,960 --> 00:05:14,120 Speaker 6: three trillion dollars a credit card debt in our country. 95 00:05:14,200 --> 00:05:17,240 Speaker 6: People are putting that grocery bill on a credit card 96 00:05:17,400 --> 00:05:19,920 Speaker 6: and paying it off on interest. We've got to do 97 00:05:20,000 --> 00:05:23,480 Speaker 6: everything we can to address this cost of living, of 98 00:05:23,520 --> 00:05:27,360 Speaker 6: affordability nightmare for the American people and for my Michiganders. 99 00:05:28,120 --> 00:05:31,360 Speaker 4: Yeah, Congresswoman, just to understand, then, does the deal to 100 00:05:31,640 --> 00:05:35,919 Speaker 4: bring a vote to the floor unlock the CR or 101 00:05:35,960 --> 00:05:40,279 Speaker 4: do you need to deal with details on an extension 102 00:05:40,440 --> 00:05:43,880 Speaker 4: the timeline and what collers might come with that. I 103 00:05:43,880 --> 00:05:46,640 Speaker 4: guess the question is a vote good enough? 104 00:05:53,200 --> 00:05:58,880 Speaker 6: Well, I'm always optimistic in terms of what we need 105 00:05:59,320 --> 00:06:02,400 Speaker 6: to do for the American people, for the people of Michigan, 106 00:06:02,800 --> 00:06:08,040 Speaker 6: it'd be absolutely incredible to be very comprehensive. The bigger 107 00:06:08,080 --> 00:06:12,840 Speaker 6: we can go in terms of keeping people covered at 108 00:06:12,839 --> 00:06:18,440 Speaker 6: an affordable rate, the better. And look, folks have been negotiating. 109 00:06:18,560 --> 00:06:22,679 Speaker 6: We have been waiting for a long time, and certainly 110 00:06:22,680 --> 00:06:26,640 Speaker 6: this wasn't a surprise in this moment that this was 111 00:06:26,680 --> 00:06:30,120 Speaker 6: going to come to a head. And so if we 112 00:06:30,200 --> 00:06:32,479 Speaker 6: see a vote come down gets to step in the 113 00:06:32,640 --> 00:06:37,160 Speaker 6: positive direction to keeping people covered and on their healthcare 114 00:06:38,360 --> 00:06:39,640 Speaker 6: got it. 115 00:06:39,720 --> 00:06:42,040 Speaker 2: Is there any talk on how long this extension would be. 116 00:06:42,080 --> 00:06:44,240 Speaker 2: I was on Capitol Hill yesterday. I heard it seems 117 00:06:44,279 --> 00:06:47,160 Speaker 2: like there seems to be a plan coalescing around two years. 118 00:06:47,240 --> 00:06:50,279 Speaker 2: Is there a certain point in time that you are 119 00:06:50,320 --> 00:06:53,839 Speaker 2: looking for specifically that would make that deal sweet enough 120 00:06:54,120 --> 00:06:56,440 Speaker 2: to get on board with the broader plan? 121 00:06:58,600 --> 00:07:01,520 Speaker 6: Yeah, I think two year deal. He has a lot 122 00:07:01,520 --> 00:07:06,240 Speaker 6: of promise, particularly because we don't have to go back to. 123 00:07:06,200 --> 00:07:07,960 Speaker 7: The drawing board immediately. 124 00:07:08,240 --> 00:07:12,679 Speaker 6: We can continue to keep people covered, to keep costs low, 125 00:07:13,480 --> 00:07:17,040 Speaker 6: to address a real reality for hard working people. I'll 126 00:07:17,040 --> 00:07:20,520 Speaker 6: tell you when I'm in Michigan, this is readily on 127 00:07:20,600 --> 00:07:23,360 Speaker 6: everyone's mind. Am I going to continue to be able 128 00:07:23,360 --> 00:07:26,920 Speaker 6: to afford my health care? At the beginning of this year, 129 00:07:27,000 --> 00:07:30,800 Speaker 6: when we had Elon Musk prancing around with a chainsaw, 130 00:07:31,360 --> 00:07:35,360 Speaker 6: now folks were asking me if they were going to 131 00:07:35,400 --> 00:07:37,480 Speaker 6: be able to keep their benefits. I had a fully 132 00:07:37,520 --> 00:07:40,600 Speaker 6: paralyzed veteran reach out to me through a mutual friend, 133 00:07:40,760 --> 00:07:44,000 Speaker 6: asking me if he was going to keep his VA benefits. So, look, 134 00:07:44,200 --> 00:07:49,320 Speaker 6: we should stay optimistic. Maybe that's the Michigan way, but 135 00:07:49,440 --> 00:07:51,440 Speaker 6: this has been a tough moment, and this has been 136 00:07:52,440 --> 00:07:56,400 Speaker 6: unnecessary for the President to be missing in action during 137 00:07:56,520 --> 00:07:58,760 Speaker 6: this painful period for the American people. 138 00:07:59,720 --> 00:08:02,280 Speaker 7: Health Care is life for people. 139 00:08:03,200 --> 00:08:06,840 Speaker 6: This is very necessary for us to address the costs 140 00:08:07,160 --> 00:08:09,360 Speaker 6: and to increase access. 141 00:08:11,080 --> 00:08:14,000 Speaker 4: Your former Speaker of the House, Nancy Pelosi, has announced 142 00:08:14,200 --> 00:08:16,960 Speaker 4: her intention to retire Congressmoman and I'm guessing that didn't 143 00:08:16,960 --> 00:08:19,360 Speaker 4: come as a surprise to you, as it didn't come 144 00:08:19,720 --> 00:08:23,840 Speaker 4: as a surprise to many. But it's starting a conversation 145 00:08:23,920 --> 00:08:26,640 Speaker 4: about not only the legacy of Nancy Pelosi, but the 146 00:08:26,640 --> 00:08:29,880 Speaker 4: stylings of Hakim Jeffries. And I'm wondering if you see 147 00:08:29,880 --> 00:08:33,160 Speaker 4: a different approach in your Democratic leader now in the 148 00:08:33,200 --> 00:08:36,000 Speaker 4: House and how that might help to bring this shutdown 149 00:08:36,080 --> 00:08:36,720 Speaker 4: to a close. 150 00:08:37,960 --> 00:08:41,200 Speaker 6: Well, during my four terms in Congress so far, I 151 00:08:41,240 --> 00:08:44,240 Speaker 6: will tell you I have been very pleased to work 152 00:08:44,280 --> 00:08:50,840 Speaker 6: alongside Democratic leadership to bring forward the voice of Michigan's economy. 153 00:08:50,880 --> 00:08:57,400 Speaker 6: Michigan's manufacturers are manufacturing workforce. Speaker Pelosi will certainly remember 154 00:08:57,559 --> 00:09:01,680 Speaker 6: me writing her a letter a week and encouraging us 155 00:09:01,720 --> 00:09:03,960 Speaker 6: to pass the Chips and Science Act. I'd send her 156 00:09:04,800 --> 00:09:08,040 Speaker 6: messages along those lines because I knew how important these 157 00:09:08,520 --> 00:09:13,000 Speaker 6: addressing the supply chain disruptions for our manufacturing economy in 158 00:09:13,040 --> 00:09:16,240 Speaker 6: Michigan were and to see that get done it was 159 00:09:16,280 --> 00:09:18,760 Speaker 6: a thing of beauty. And it's the same type of 160 00:09:18,800 --> 00:09:23,320 Speaker 6: relationship that I maintain with our current Democratic leadership that 161 00:09:23,480 --> 00:09:27,320 Speaker 6: I bring the voice in the need of Michiganders forward 162 00:09:27,440 --> 00:09:29,880 Speaker 6: and what is going to strengthen and grow our economy. 163 00:09:29,880 --> 00:09:32,319 Speaker 6: And I'll tell you right now that is not something 164 00:09:32,360 --> 00:09:34,440 Speaker 6: that we are getting from the Trump administration. 165 00:09:34,880 --> 00:09:36,920 Speaker 7: And there are a radics shoot by the hip tariffs. 166 00:09:37,200 --> 00:09:39,080 Speaker 6: We have parts of Michigan that have some of the 167 00:09:39,080 --> 00:09:42,559 Speaker 6: fastest growing unemployment in the Union. I lost four hundred 168 00:09:42,559 --> 00:09:45,319 Speaker 6: and fifty jobs in the state of in my district 169 00:09:45,960 --> 00:09:49,160 Speaker 6: just the other week, that we're manufacturing focus, that we're 170 00:09:49,200 --> 00:09:52,960 Speaker 6: innovation focused. It's not acceptable. We're losing investment. So we 171 00:09:53,000 --> 00:09:55,959 Speaker 6: need proven industrial policy and that's what I'm going to 172 00:09:56,040 --> 00:09:59,160 Speaker 6: work on every chance I can get to deliver for 173 00:09:59,200 --> 00:10:01,760 Speaker 6: the people of Mischig again and our incredible, best in 174 00:10:01,760 --> 00:10:02,600 Speaker 6: class workforce. 175 00:10:04,800 --> 00:10:09,199 Speaker 2: All right, Congresswoman Haley Steven's, a Democrat representing Michigan's eleventh district, 176 00:10:09,200 --> 00:10:11,679 Speaker 2: thanks so much for joining us here on Bloomberg Television 177 00:10:11,720 --> 00:10:14,400 Speaker 2: in radio, and to extend the conversation. We're now going 178 00:10:14,400 --> 00:10:17,760 Speaker 2: to bring in our political panel today. Lisa Kamuser Miller, 179 00:10:18,080 --> 00:10:21,880 Speaker 2: senior vice president at Rock Solutions and former RNC spokesperson 180 00:10:22,120 --> 00:10:26,200 Speaker 2: and Republican strategists, joined alongside Christina Greer, Associate chair, Department 181 00:10:26,200 --> 00:10:29,760 Speaker 2: of Political Science at Fordham University. Thanks both for being 182 00:10:29,800 --> 00:10:32,240 Speaker 2: here at Lisa, I want to start with you because 183 00:10:32,400 --> 00:10:34,960 Speaker 2: that was a pretty striking conversation when it came to 184 00:10:35,000 --> 00:10:39,600 Speaker 2: the congresswoman appearing to indicate here that maybe a promise 185 00:10:39,640 --> 00:10:42,480 Speaker 2: of a vote down the line once the government reopens 186 00:10:42,559 --> 00:10:44,840 Speaker 2: could be enough. But we know that the trust has 187 00:10:44,880 --> 00:10:48,679 Speaker 2: been broken on really both sides of the Aisle, I'm 188 00:10:48,679 --> 00:10:50,920 Speaker 2: wondering what you're watching for here when it comes to 189 00:10:51,040 --> 00:10:54,960 Speaker 2: Republicans promise on a potential vote down the line. Is 190 00:10:55,000 --> 00:10:57,240 Speaker 2: that really going to be enough to push this over 191 00:10:57,240 --> 00:10:58,040 Speaker 2: the finish line? 192 00:11:00,200 --> 00:11:01,880 Speaker 8: You know, it's so hard to say, Taylor. I mean, 193 00:11:01,880 --> 00:11:04,600 Speaker 8: I think the one thing that I am really confident 194 00:11:04,720 --> 00:11:07,800 Speaker 8: and glad for is that Senator Thune is at the 195 00:11:07,840 --> 00:11:10,440 Speaker 8: front of all of this. That he is a fair arbiter, 196 00:11:10,640 --> 00:11:13,840 Speaker 8: he is a honest broker, he is a good member 197 00:11:13,840 --> 00:11:15,840 Speaker 8: of the Senate, and he is a leader that his 198 00:11:16,000 --> 00:11:19,439 Speaker 8: conference will follow. And so if that ends up being 199 00:11:19,520 --> 00:11:23,199 Speaker 8: the way that this deal gets done, I would absolutely 200 00:11:23,280 --> 00:11:27,080 Speaker 8: caution to say that it is a confident way for 201 00:11:27,160 --> 00:11:31,760 Speaker 8: Democrats to enter into the discussion, because I know that 202 00:11:31,840 --> 00:11:35,640 Speaker 8: the Senator himself is a fair and good word as 203 00:11:35,679 --> 00:11:38,560 Speaker 8: it relates to how the negotiations go down. I also 204 00:11:38,679 --> 00:11:41,520 Speaker 8: know that many many other US senators. I mean, I 205 00:11:41,600 --> 00:11:44,280 Speaker 8: know Susan Collins, there's a variety of others that are 206 00:11:44,320 --> 00:11:47,040 Speaker 8: really involved behind the scenes, that are really doing everything 207 00:11:47,080 --> 00:11:49,920 Speaker 8: they can to get the government back on track and 208 00:11:49,960 --> 00:11:53,080 Speaker 8: these negotiations in a place where both sides can feel 209 00:11:53,080 --> 00:11:55,320 Speaker 8: like they can save base. Because that's really what this 210 00:11:55,440 --> 00:11:58,360 Speaker 8: is going to come down to. Neither one of these 211 00:11:58,400 --> 00:12:01,200 Speaker 8: parties are going to walk into this conversation feeling like 212 00:12:01,240 --> 00:12:02,959 Speaker 8: they're going to have an egg on their face when 213 00:12:03,000 --> 00:12:05,640 Speaker 8: this is over, because neither one of them feels as 214 00:12:05,640 --> 00:12:07,800 Speaker 8: if they are doing the wrong thing, and therefore they're 215 00:12:07,840 --> 00:12:09,880 Speaker 8: not going to take the loss. They're going to feel 216 00:12:09,880 --> 00:12:12,880 Speaker 8: as if they have done enough to save base and 217 00:12:12,920 --> 00:12:16,160 Speaker 8: feel good for their conference and for their states. 218 00:12:17,320 --> 00:12:18,760 Speaker 5: Christina, it's good to have you back. 219 00:12:18,800 --> 00:12:20,959 Speaker 4: I'm wondering your thoughts on what we just heard, because 220 00:12:20,960 --> 00:12:25,600 Speaker 4: to Tyler's point, I thought that Haley stephens tone was 221 00:12:25,640 --> 00:12:29,440 Speaker 4: striking and that she sounded a bit downbeat, to be honest, 222 00:12:29,440 --> 00:12:31,840 Speaker 4: for somebody who brings a lot of high energy to 223 00:12:31,960 --> 00:12:34,679 Speaker 4: conversations that we typically have. And she really had to 224 00:12:35,000 --> 00:12:38,360 Speaker 4: think there for a moment about the prospects of accepting 225 00:12:38,360 --> 00:12:41,440 Speaker 4: a vote as opposed to a deal. But I thought 226 00:12:41,440 --> 00:12:43,880 Speaker 4: the answer was yes, Is this a movement for the 227 00:12:43,920 --> 00:12:46,560 Speaker 4: Democratic Party in the House, right? 228 00:12:46,640 --> 00:12:48,439 Speaker 9: I mean, I think I'm just confused as to how 229 00:12:48,520 --> 00:12:50,680 Speaker 9: trust has been broken on both sides of the aisle. 230 00:12:50,760 --> 00:12:53,040 Speaker 9: I mean, Democrats have been very clear the reason why 231 00:12:53,080 --> 00:12:55,520 Speaker 9: they're not going to the table is because they don't 232 00:12:55,520 --> 00:12:58,440 Speaker 9: want millions upon millions of Americans to lose their health care. 233 00:12:58,640 --> 00:13:00,839 Speaker 9: That's something that Republicans have been very clear that they 234 00:13:00,840 --> 00:13:05,400 Speaker 9: want Obamacare done. They have not presented Democrats with a strategy. 235 00:13:06,000 --> 00:13:08,280 Speaker 9: Some people in the Republican caucus have said they don't 236 00:13:08,280 --> 00:13:11,199 Speaker 9: have a strategy. Therefore Democrats are holding out. So this 237 00:13:11,400 --> 00:13:14,240 Speaker 9: kind of both sides is I'm still very much at 238 00:13:14,240 --> 00:13:17,920 Speaker 9: a loss for I think the real issue is how 239 00:13:18,000 --> 00:13:20,600 Speaker 9: do we make a deal where the President feels as 240 00:13:20,640 --> 00:13:22,720 Speaker 9: though he can save faith and that he can say 241 00:13:22,720 --> 00:13:25,559 Speaker 9: that he's won and so without harming more and more 242 00:13:25,600 --> 00:13:29,560 Speaker 9: millions of Americans on both sides of the aisle, in 243 00:13:29,720 --> 00:13:32,840 Speaker 9: all fifty states, whether they're in Republican districts or not. 244 00:13:32,920 --> 00:13:35,280 Speaker 9: I mean, the President's been very clear he does not 245 00:13:35,520 --> 00:13:38,360 Speaker 9: like certain states because they're led by Democrats. He will 246 00:13:38,400 --> 00:13:41,680 Speaker 9: punish certain states and cities because they're led by Democrats. 247 00:13:41,920 --> 00:13:45,959 Speaker 9: So the quandary is, how do you make a deal 248 00:13:46,040 --> 00:13:49,200 Speaker 9: with good faith Republicans of which there are still quite 249 00:13:49,200 --> 00:13:53,120 Speaker 9: a few, but they understand that the President does not 250 00:13:53,240 --> 00:13:56,719 Speaker 9: want them to negotiate and to make deals. So how 251 00:13:56,760 --> 00:13:59,560 Speaker 9: do we balance that conundrum? 252 00:14:01,080 --> 00:14:03,480 Speaker 2: And Lisa also I want to talk about some of 253 00:14:03,520 --> 00:14:05,960 Speaker 2: the pressing deadlines that are coming up. Of course, it 254 00:14:06,000 --> 00:14:08,600 Speaker 2: now appears that November twenty first isn't going to be 255 00:14:08,720 --> 00:14:12,040 Speaker 2: viable when it comes to the future of a stopgap measure. 256 00:14:12,200 --> 00:14:14,640 Speaker 2: So what is viable? Can we pull on some of 257 00:14:14,679 --> 00:14:18,200 Speaker 2: your expertise here? How much time do law acres actually 258 00:14:18,240 --> 00:14:22,160 Speaker 2: need to hammer out a fuller spending deal when we 259 00:14:22,280 --> 00:14:24,400 Speaker 2: really get back to the root of what this government 260 00:14:24,440 --> 00:14:28,240 Speaker 2: shut down is about in terms of funding the actual government. 261 00:14:29,720 --> 00:14:32,160 Speaker 8: I have no idea how they're going to get it done. 262 00:14:32,280 --> 00:14:35,480 Speaker 8: They're going to have to perform some magic behind the scenes. 263 00:14:35,920 --> 00:14:39,200 Speaker 8: The deadline is looming. It's a minute away. You guys 264 00:14:39,280 --> 00:14:42,800 Speaker 8: know this right, November twenty first is so close. There 265 00:14:42,840 --> 00:14:45,600 Speaker 8: is no way. There will have to be some sort 266 00:14:45,640 --> 00:14:49,080 Speaker 8: of negotiation on that timeline. They will have to figure 267 00:14:49,120 --> 00:14:51,400 Speaker 8: all of that out where there are smarter people on 268 00:14:51,440 --> 00:14:54,720 Speaker 8: Capitol Hill that absolutely are staying up at night trying 269 00:14:54,760 --> 00:14:57,240 Speaker 8: to figure out how that's going to happen. But I 270 00:14:57,280 --> 00:15:00,400 Speaker 8: think more than anything, the point that you're trying to 271 00:15:00,400 --> 00:15:02,920 Speaker 8: get me to make is that there is a lot 272 00:15:02,960 --> 00:15:06,600 Speaker 8: to be done. They absolutely have got to get it right, 273 00:15:07,040 --> 00:15:10,240 Speaker 8: and if they don't get it right now in this negotiation, 274 00:15:10,880 --> 00:15:13,440 Speaker 8: we go right back to the same argument because the 275 00:15:13,480 --> 00:15:16,680 Speaker 8: government again could shut down on the twenty first, so 276 00:15:16,840 --> 00:15:19,320 Speaker 8: this has got to be addressed in this negotiation. 277 00:15:19,480 --> 00:15:19,720 Speaker 3: Now. 278 00:15:20,960 --> 00:15:24,160 Speaker 4: Yeah, we're going to need a bigger cr and Tyler 279 00:15:24,200 --> 00:15:26,680 Speaker 4: will always make you get to that point, Lisa. Great 280 00:15:26,680 --> 00:15:30,080 Speaker 4: insights from both Lisa and Christina Greer. It's great to 281 00:15:30,120 --> 00:15:32,760 Speaker 4: have both of you with us on our panel. Senator 282 00:15:32,840 --> 00:15:35,280 Speaker 4: Jerry Moran is coming in next on the on Bloomberg. 283 00:15:35,400 --> 00:15:37,560 Speaker 4: Stay with us on Balance of Power. We'll have much 284 00:15:37,600 --> 00:15:38,800 Speaker 4: more coming up after this. 285 00:15:44,240 --> 00:15:47,720 Speaker 1: You're listening to the Bloomberg Balance of Power podcast. Catch 286 00:15:47,760 --> 00:15:51,200 Speaker 1: us live weekdays at noon and five pm Eastern on Apple, 287 00:15:51,280 --> 00:15:54,640 Speaker 1: Cocklay and Android Auto with the Bloomberg Business App. Listen 288 00:15:54,680 --> 00:15:57,800 Speaker 1: on demand wherever you get your podcasts, or watch us 289 00:15:57,840 --> 00:15:59,240 Speaker 1: live on YouTube. 290 00:16:00,440 --> 00:16:02,680 Speaker 4: Keeping tabs on a couple of things here, including shares 291 00:16:02,720 --> 00:16:05,000 Speaker 4: of the pharmaceutical makers, with an event that is set 292 00:16:05,040 --> 00:16:07,200 Speaker 4: to resume shortly in the Oval Office, and we'll bring 293 00:16:07,240 --> 00:16:08,360 Speaker 4: you there when it does. 294 00:16:08,400 --> 00:16:10,000 Speaker 5: The President announcing what he. 295 00:16:09,960 --> 00:16:13,240 Speaker 4: Refers to as drastically lower prices in a deal with 296 00:16:13,440 --> 00:16:17,360 Speaker 4: Eli Lilly and Novo Nordisk over their GLP one drugs. 297 00:16:17,400 --> 00:16:20,320 Speaker 4: Of course, we're talking with Govio Zempics at Boundbeer Journal, 298 00:16:20,440 --> 00:16:24,440 Speaker 4: and these are market movers. It's dragging shares of Novo 299 00:16:24,560 --> 00:16:27,040 Speaker 4: and Lily is hanging in there a bit higher this 300 00:16:27,120 --> 00:16:31,440 Speaker 4: morning as we review the list of airports set to 301 00:16:31,440 --> 00:16:37,720 Speaker 4: feel capacity cuts as early as tomorrow, Tyler. The FAA, 302 00:16:37,760 --> 00:16:40,400 Speaker 4: of course is going to be cutting ten percent capacity, 303 00:16:40,440 --> 00:16:42,560 Speaker 4: they say, at forty airports across the country, but it 304 00:16:42,560 --> 00:16:45,280 Speaker 4: could be a rolling impact. It might not all be tomorrow, 305 00:16:45,360 --> 00:16:46,680 Speaker 4: but in the days ahead we're going to start to 306 00:16:46,680 --> 00:16:48,760 Speaker 4: see this. Of course, it's because of the government shutdown 307 00:16:48,760 --> 00:16:52,120 Speaker 4: and air traffic controllers who simply can't work without pay 308 00:16:52,200 --> 00:16:52,880 Speaker 4: any longer. 309 00:16:53,360 --> 00:16:54,400 Speaker 5: We're not fooling around here. 310 00:16:54,400 --> 00:16:58,040 Speaker 4: Atlanta, Dallas, New York City, Los Angeles, all three airports 311 00:16:58,080 --> 00:17:00,920 Speaker 4: in the Washington DC area, Chicago, San Francisco, and I 312 00:17:00,960 --> 00:17:02,680 Speaker 4: could keep going right exactly. 313 00:17:02,760 --> 00:17:05,800 Speaker 2: Importantly, this isn't going to impact those international routes, but 314 00:17:05,840 --> 00:17:08,640 Speaker 2: it is going to impact domestic groups. I saw one 315 00:17:08,720 --> 00:17:11,359 Speaker 2: analyst that pointed to the fact that this could cause 316 00:17:11,400 --> 00:17:16,040 Speaker 2: the cancelation of nearly eighteen hundred flights nationwide. And there's 317 00:17:16,080 --> 00:17:18,000 Speaker 2: also questions here about what this is going to look 318 00:17:18,080 --> 00:17:21,040 Speaker 2: like even when the government does reopen Joe, because, of course, 319 00:17:21,119 --> 00:17:23,080 Speaker 2: we know that this country has been dealing with a 320 00:17:23,119 --> 00:17:26,720 Speaker 2: shortage in air traffic controllers at this point for years, 321 00:17:26,760 --> 00:17:29,879 Speaker 2: and that's really harped on our air traffic system. 322 00:17:30,080 --> 00:17:31,080 Speaker 5: That is a great point. 323 00:17:31,160 --> 00:17:33,480 Speaker 4: It was before the shutdown happened that we were already 324 00:17:33,520 --> 00:17:35,200 Speaker 4: feeling a crunch at the airport. How many flights have 325 00:17:35,280 --> 00:17:37,320 Speaker 4: you had delayed just over the last year or two 326 00:17:37,400 --> 00:17:40,439 Speaker 4: here with a shortage of air traffic controllers is forcing 327 00:17:40,520 --> 00:17:42,840 Speaker 4: many who work to put in sixty hour work weeks 328 00:17:42,840 --> 00:17:45,520 Speaker 4: and now are of course asking them to work without pay. 329 00:17:45,880 --> 00:17:48,200 Speaker 4: It's a great opportunity to spend some time with Senator 330 00:17:48,240 --> 00:17:51,359 Speaker 4: Jerry Moran. He's very close to this as not only 331 00:17:51,400 --> 00:17:56,480 Speaker 4: a Senator from Kansas, but on the Commerce Subcommittee on Aviation, 332 00:17:56,680 --> 00:17:59,440 Speaker 4: Space and Innovation, where he is in fact chairman and 333 00:17:59,480 --> 00:18:02,320 Speaker 4: the Senator with us now live from Capitol Hills. Senator Moran, 334 00:18:02,359 --> 00:18:04,439 Speaker 4: thanks for being with us here. I wonder if this 335 00:18:04,520 --> 00:18:07,920 Speaker 4: is a measure to ensure safety or an attempt to 336 00:18:08,040 --> 00:18:10,480 Speaker 4: end the shutdown by bringing more pressure to the air 337 00:18:10,520 --> 00:18:12,119 Speaker 4: traffic control system. 338 00:18:12,920 --> 00:18:16,800 Speaker 10: Well, I certainly support the decision. Safety has to come first. 339 00:18:17,560 --> 00:18:21,280 Speaker 10: We know from the experience we had in January January 340 00:18:21,359 --> 00:18:23,600 Speaker 10: the twenty ninth of a flight from which I talk 341 00:18:23,680 --> 00:18:26,800 Speaker 10: Kansas to DCA here in the nation's capital, and the 342 00:18:26,800 --> 00:18:31,919 Speaker 10: consequences of anything going wrong involving air traffic control and 343 00:18:31,960 --> 00:18:36,639 Speaker 10: other safety features, safety features, we need to make certain 344 00:18:36,760 --> 00:18:40,520 Speaker 10: that we don't take the risk unnecessary risk. This shutdown 345 00:18:40,560 --> 00:18:43,440 Speaker 10: is going to have lots of consequences, and this is 346 00:18:43,480 --> 00:18:47,280 Speaker 10: one that's really highlighting that there are functions of government 347 00:18:47,320 --> 00:18:50,480 Speaker 10: that are important. And it's also a message as you 348 00:18:50,520 --> 00:18:53,879 Speaker 10: say that the shutdown is causing damage. And I hope 349 00:18:53,920 --> 00:18:57,080 Speaker 10: that when this program is over, I can walk away 350 00:18:57,119 --> 00:18:59,680 Speaker 10: and we'll learn that as the Democrats are meeting over 351 00:18:59,680 --> 00:19:02,199 Speaker 10: their life unch today and discussing what next steps to 352 00:19:02,240 --> 00:19:05,760 Speaker 10: take that between the Republicans and Democrats, the shutdown can 353 00:19:05,800 --> 00:19:09,040 Speaker 10: come to an end as quickly as possible. But in 354 00:19:09,080 --> 00:19:11,560 Speaker 10: the meantime, a lot of damage is being done to 355 00:19:11,640 --> 00:19:15,879 Speaker 10: the ease of travel and lots of other factors for 356 00:19:16,000 --> 00:19:19,399 Speaker 10: the American people. A difficult thing, but I'm certainly on 357 00:19:19,440 --> 00:19:22,320 Speaker 10: the side of take as few risks, take no risk 358 00:19:22,600 --> 00:19:23,040 Speaker 10: at all. 359 00:19:23,640 --> 00:19:27,800 Speaker 2: Yeah, I do want to take need imported out. 360 00:19:27,960 --> 00:19:28,320 Speaker 5: Tyler. 361 00:19:28,600 --> 00:19:31,000 Speaker 10: You pointed out about the importance of what happens next. 362 00:19:31,359 --> 00:19:33,240 Speaker 10: And we've been trying to increase the number of air 363 00:19:33,280 --> 00:19:37,520 Speaker 10: traffic control training opportunities. We've been trying to add to 364 00:19:37,560 --> 00:19:41,560 Speaker 10: the workforce supply of air traffic control, and this shutdown 365 00:19:41,960 --> 00:19:45,080 Speaker 10: is even for the air traffic controllers that are at work, 366 00:19:45,640 --> 00:19:49,520 Speaker 10: it's a terrible circumstance. It's already a hugely stressful job. 367 00:19:50,040 --> 00:19:52,160 Speaker 10: And then if you're a person who's thinking about, well, 368 00:19:52,359 --> 00:19:54,640 Speaker 10: maybe I want to have a career as an air 369 00:19:54,640 --> 00:19:58,000 Speaker 10: traffic controller, look at what the circumstances is for that 370 00:19:58,119 --> 00:20:00,440 Speaker 10: job today, and you might decide this is not how 371 00:20:00,440 --> 00:20:02,679 Speaker 10: you want to spend your life. The uncertainty of a 372 00:20:02,720 --> 00:20:06,520 Speaker 10: paycheck and the difficulty and stress. We're trying to train 373 00:20:06,520 --> 00:20:10,080 Speaker 10: more air traffic controllers. There's just not enough capacity. 374 00:20:10,840 --> 00:20:11,000 Speaker 8: Right. 375 00:20:11,040 --> 00:20:12,760 Speaker 2: I'm glad you brought that up, Senator, because we do 376 00:20:12,960 --> 00:20:15,879 Speaker 2: like to talk about longer term impacts, particularly related to 377 00:20:16,040 --> 00:20:18,160 Speaker 2: the workforce. But since you did bring up the shutdown, 378 00:20:18,200 --> 00:20:20,879 Speaker 2: this all has to do with the shutdown. You're sounding 379 00:20:20,920 --> 00:20:24,439 Speaker 2: perhaps cautiously optimistic. I'm wondering what the prospects are that 380 00:20:24,480 --> 00:20:27,639 Speaker 2: we could see the government reopen this week. Are we 381 00:20:27,680 --> 00:20:29,800 Speaker 2: looking at a deal next week. What's the timeline that 382 00:20:29,800 --> 00:20:30,480 Speaker 2: you're putting on this. 383 00:20:31,200 --> 00:20:34,359 Speaker 10: Well, I'm always an optimist. I was so optimistic, in fact, 384 00:20:34,359 --> 00:20:36,520 Speaker 10: I assumed that this shutdown would be a day or 385 00:20:36,560 --> 00:20:39,960 Speaker 10: two over a weekend, and I was thirty plus days 386 00:20:40,280 --> 00:20:44,800 Speaker 10: wrong with that optimism, and it doesn't seem to me 387 00:20:44,840 --> 00:20:47,560 Speaker 10: at the moment. I've been talking to my colleagues in 388 00:20:47,600 --> 00:20:51,840 Speaker 10: the hallways and conversations by phone and like, what's the latest, 389 00:20:51,840 --> 00:20:54,639 Speaker 10: what's going on. I've been part of the conversations with 390 00:20:54,880 --> 00:20:58,080 Speaker 10: Democrat senators to try to bring us together. There's a 391 00:20:58,080 --> 00:21:01,360 Speaker 10: belief that there's enough Democratic senators who want to bring 392 00:21:01,400 --> 00:21:03,240 Speaker 10: the shut down to an end that a deal could 393 00:21:03,280 --> 00:21:06,840 Speaker 10: be struck. But I think they are being certainly pressured 394 00:21:06,880 --> 00:21:11,680 Speaker 10: by their colleagues that don't want this to end without 395 00:21:12,040 --> 00:21:15,399 Speaker 10: what they would call a democratic victory. That there's a 396 00:21:15,440 --> 00:21:18,639 Speaker 10: lot of uncertainty as to whether that deal will come together. 397 00:21:19,320 --> 00:21:22,960 Speaker 10: I'm hoping there was some expectation it would be this weekend, 398 00:21:23,640 --> 00:21:27,440 Speaker 10: and the Senate is planning on being in session in. 399 00:21:27,520 --> 00:21:29,240 Speaker 5: Case that's the outcome. 400 00:21:29,640 --> 00:21:32,040 Speaker 10: But I think all eyes and ears are on the 401 00:21:32,080 --> 00:21:35,840 Speaker 10: Democratic caucus about what their next steps might be, and 402 00:21:35,960 --> 00:21:39,040 Speaker 10: I hope that there is a position that comes from 403 00:21:39,040 --> 00:21:42,879 Speaker 10: that is, let's open up government in the difficulties, the 404 00:21:42,920 --> 00:21:46,240 Speaker 10: immediate difficulties that we're going to experience, repair the longer 405 00:21:46,320 --> 00:21:50,360 Speaker 10: term damage working together, and then take up other issues 406 00:21:50,440 --> 00:21:53,159 Speaker 10: that both Republicans and Democrats are interested in dealing with. 407 00:21:55,119 --> 00:21:57,679 Speaker 4: Senator, I just want to warn everyone here that the 408 00:21:57,720 --> 00:21:59,720 Speaker 4: President is getting back to it in the Oval office. 409 00:22:00,160 --> 00:22:04,800 Speaker 4: Rejoin that event over GLP one drug prices shortly here. 410 00:22:05,040 --> 00:22:09,760 Speaker 4: We spoke earlier this hour, Senator, with a Democratic member 411 00:22:09,920 --> 00:22:12,800 Speaker 4: of the House, Hailey Stevens, of course, is running to 412 00:22:12,840 --> 00:22:15,560 Speaker 4: be a member of your chamber. We heard a strikingly 413 00:22:15,720 --> 00:22:18,960 Speaker 4: different tone, or at least approach when we asked her 414 00:22:18,960 --> 00:22:22,719 Speaker 4: about this idea of opening the government based on the 415 00:22:22,760 --> 00:22:27,280 Speaker 4: promise of a vote on extending Obamacare subsidies as opposed 416 00:22:27,320 --> 00:22:31,960 Speaker 4: to opening the government with a deal to extend Obamacare subsidies. 417 00:22:31,960 --> 00:22:34,640 Speaker 4: Are your Democratic colleagues starting to move on that line. 418 00:22:36,080 --> 00:22:39,560 Speaker 10: I think there is still a sufficient number of Democratic 419 00:22:39,600 --> 00:22:43,040 Speaker 10: colleagues who are interested in working together. There's enough level 420 00:22:43,040 --> 00:22:45,959 Speaker 10: of trust between the Republican senators and the Democratic senators 421 00:22:45,960 --> 00:22:49,720 Speaker 10: who are talking about a deal that they would put 422 00:22:49,720 --> 00:22:53,240 Speaker 10: some faith in a commitment to deal with issues into 423 00:22:53,240 --> 00:22:57,720 Speaker 10: the future. But that probably is not the dominant view. Again, 424 00:22:57,800 --> 00:23:01,679 Speaker 10: I'm not in that room to those conversations, but my 425 00:23:01,760 --> 00:23:03,840 Speaker 10: best guess is there's a lot of effort to make 426 00:23:03,880 --> 00:23:06,760 Speaker 10: sure that My guess is that the Democrats, with the 427 00:23:07,320 --> 00:23:10,560 Speaker 10: outcome of the election on Tuesday, maybe don't feel like 428 00:23:10,640 --> 00:23:14,359 Speaker 10: this circumstance of a shutdown is damaging them. 429 00:23:15,840 --> 00:23:17,399 Speaker 7: I just think if. 430 00:23:17,320 --> 00:23:21,120 Speaker 10: Whatever the politics are about a shutdown, I've never seen 431 00:23:21,160 --> 00:23:23,800 Speaker 10: anybody come out well or ahead. I don't think there's 432 00:23:23,800 --> 00:23:26,760 Speaker 10: a political advantage to being opposed to the shutdown or 433 00:23:26,800 --> 00:23:30,600 Speaker 10: being I'm sorry, supporting the shutdown. I've never seen anybody 434 00:23:30,600 --> 00:23:33,359 Speaker 10: get a pat on the back for the outcome of 435 00:23:33,400 --> 00:23:35,760 Speaker 10: when things shut down. I've had constituents over the years 436 00:23:35,760 --> 00:23:38,119 Speaker 10: who have told me shut her down, it doesn't matter. 437 00:23:38,680 --> 00:23:40,800 Speaker 10: But it's not too many days later in which they're 438 00:23:40,800 --> 00:23:42,760 Speaker 10: asking for your help and trying to solve a problem 439 00:23:42,800 --> 00:23:45,439 Speaker 10: that they've encountered because the government is shut down. So 440 00:23:46,040 --> 00:23:49,760 Speaker 10: just good government says, put this place to work, solve 441 00:23:49,800 --> 00:23:53,440 Speaker 10: the problems that the shutdown has created, and let's find 442 00:23:53,480 --> 00:23:55,600 Speaker 10: a method by which we can trust each other and 443 00:23:55,640 --> 00:23:58,520 Speaker 10: work together to solve other problems that we each bring 444 00:23:58,600 --> 00:24:00,920 Speaker 10: to the United States Senate and Congress on behalf of 445 00:24:01,000 --> 00:24:02,560 Speaker 10: our constituents of the American people. 446 00:24:04,040 --> 00:24:04,359 Speaker 8: Trust. 447 00:24:04,400 --> 00:24:07,400 Speaker 2: Of course, a huge part of it. You mentioned Tuesday's elections. 448 00:24:07,440 --> 00:24:09,399 Speaker 2: We did want to point out, of course, we know 449 00:24:09,520 --> 00:24:12,320 Speaker 2: that a centerpiece of that was affordability. President Trump, as 450 00:24:12,400 --> 00:24:15,120 Speaker 2: Joe had mentioned, is speaking in the Oval Office. He's 451 00:24:15,119 --> 00:24:19,040 Speaker 2: now joined by the Eli Lilly CEO, David Rix. He's speaking. 452 00:24:19,040 --> 00:24:21,760 Speaker 2: We're still monitoring these headlines as we got to this 453 00:24:21,840 --> 00:24:24,359 Speaker 2: news that there was going to be this tariff deal 454 00:24:24,520 --> 00:24:27,679 Speaker 2: in exchange for more favored pricing when it comes to 455 00:24:27,760 --> 00:24:30,320 Speaker 2: weight loss drugs. Will bring you those updates as we 456 00:24:30,359 --> 00:24:34,280 Speaker 2: get them. But Senator, just to continue here on the shutdown, 457 00:24:34,320 --> 00:24:37,240 Speaker 2: there was reporting today out of Politico that a potential 458 00:24:37,240 --> 00:24:42,320 Speaker 2: suitetener coming from Republicans could be rehiring federal workers that 459 00:24:42,359 --> 00:24:45,520 Speaker 2: were fired in these mass layoffs that we saw now 460 00:24:45,560 --> 00:24:47,960 Speaker 2: thirty seven days ago. Almost when it comes to the 461 00:24:47,960 --> 00:24:51,320 Speaker 2: government shutdown, is that something that's being spoken about as 462 00:24:51,359 --> 00:24:54,000 Speaker 2: a viable option, whether or not that is part of 463 00:24:54,000 --> 00:24:57,080 Speaker 2: a deal before or part of a promise after the 464 00:24:57,119 --> 00:24:59,800 Speaker 2: government reopens. Are there any talks that you're hearing about 465 00:25:00,240 --> 00:25:02,760 Speaker 2: hiring the federal workers back into the workforce. 466 00:25:03,640 --> 00:25:05,040 Speaker 5: Well, I too saw that article. 467 00:25:05,080 --> 00:25:07,359 Speaker 10: It has not been any part of any conversations that 468 00:25:07,400 --> 00:25:10,600 Speaker 10: I've had or been involved in with Republican and Democratic 469 00:25:10,640 --> 00:25:13,480 Speaker 10: senators who are trying to put this package together, but 470 00:25:13,560 --> 00:25:16,480 Speaker 10: I can certainly see that being something that the leadership 471 00:25:16,880 --> 00:25:20,480 Speaker 10: of the of the Senate would offer, would suggest, would 472 00:25:20,480 --> 00:25:24,040 Speaker 10: want to be a talking point. Again, we know the 473 00:25:24,080 --> 00:25:27,760 Speaker 10: circumstances we face. We need a federal workforce in place 474 00:25:27,840 --> 00:25:30,520 Speaker 10: to do their jobs, and we need the help of 475 00:25:30,560 --> 00:25:33,720 Speaker 10: all federal employees as we try to recover. And again, 476 00:25:34,200 --> 00:25:37,280 Speaker 10: this is such a the federal workforce is important, and 477 00:25:37,320 --> 00:25:40,960 Speaker 10: what a damning circumstance it is if you're not getting paid. 478 00:25:41,480 --> 00:25:43,600 Speaker 10: And I think about that with my own staff and 479 00:25:43,800 --> 00:25:45,639 Speaker 10: young people who are here trying to have a government 480 00:25:46,119 --> 00:25:49,600 Speaker 10: experience in government and politics, and they're seeing us in 481 00:25:49,640 --> 00:25:53,520 Speaker 10: a position in which the shutdown is doing real damage 482 00:25:53,520 --> 00:25:58,960 Speaker 10: and they experience themselves themselves personally. So open up government, 483 00:25:59,440 --> 00:26:02,760 Speaker 10: let's work together to solve the country's problems. And in 484 00:26:02,800 --> 00:26:06,639 Speaker 10: the meantime, let's get air traffic control in the place 485 00:26:06,680 --> 00:26:09,639 Speaker 10: it needs to be. I mean, major reforms are underway 486 00:26:09,680 --> 00:26:12,720 Speaker 10: trying to improve the air traffic control system and bring 487 00:26:12,760 --> 00:26:16,840 Speaker 10: aviation safety to a higher plane new technologies, and our 488 00:26:16,880 --> 00:26:21,239 Speaker 10: subcommittee is examining those things. But while the shutdown is 489 00:26:21,280 --> 00:26:24,640 Speaker 10: taking place, I'm not quite certain that all the focus 490 00:26:24,680 --> 00:26:27,639 Speaker 10: that should be being made on those issues moving us 491 00:26:27,680 --> 00:26:32,919 Speaker 10: forward in greater airport and airline safety. They certainly, at 492 00:26:32,960 --> 00:26:35,880 Speaker 10: a minimum the shutdown as a distraction toward a really 493 00:26:35,880 --> 00:26:38,560 Speaker 10: important goal that needs to be accomplished quickly. 494 00:26:39,600 --> 00:26:42,120 Speaker 5: Well, we appreciate the conversation, Senator. 495 00:26:42,200 --> 00:26:44,119 Speaker 4: We've only got about a minute left that are going 496 00:26:44,160 --> 00:26:46,240 Speaker 4: to be able to fly out tonight. What's your own 497 00:26:46,560 --> 00:26:48,359 Speaker 4: transit challenge in this shutdown? 498 00:26:49,080 --> 00:26:52,400 Speaker 10: Well, I mean there's a point that many members of Congress. 499 00:26:52,440 --> 00:26:54,520 Speaker 10: I'm one of them who I never moved to Washingt 500 00:26:54,600 --> 00:26:59,120 Speaker 10: d C. IM on an airplane utilizing the skies every week. 501 00:27:00,160 --> 00:27:02,320 Speaker 10: And I don't mean to make any of this like personal. 502 00:27:02,359 --> 00:27:05,439 Speaker 10: There's lots of other people and more difficult circumstances than me. 503 00:27:05,920 --> 00:27:08,840 Speaker 10: We want everybody to have the opportunity to keep those reservations. 504 00:27:09,040 --> 00:27:10,560 Speaker 10: One of the airlines we talked to, one of the 505 00:27:10,560 --> 00:27:14,160 Speaker 10: major airlines, told us this is one hundred thousand passengers 506 00:27:15,400 --> 00:27:18,760 Speaker 10: who have reservations that will be affected by this ten 507 00:27:18,800 --> 00:27:22,960 Speaker 10: percent reduction in flights, and certainly DCA, where many of 508 00:27:23,040 --> 00:27:27,360 Speaker 10: us fly, is probably at the forefront of that issue. 509 00:27:28,960 --> 00:27:30,760 Speaker 4: All right, Senator, it's great to see you, and welcome 510 00:27:30,760 --> 00:27:33,000 Speaker 4: back Jerry Moran. We'll see if he makes his way 511 00:27:33,040 --> 00:27:35,080 Speaker 4: back to Kansas. Let us know you might see John 512 00:27:35,160 --> 00:27:37,880 Speaker 4: Candy and Steve Martin on the way. The Republican from 513 00:27:37,960 --> 00:27:41,200 Speaker 4: Kansas with us live on Bloomberg TV and Radio. It's 514 00:27:41,320 --> 00:27:44,919 Speaker 4: day thirty seven of this shutdown. Yet a new record. 515 00:27:45,160 --> 00:27:47,720 Speaker 4: This is Bloomberg. Stay with us on Balance of Power. 516 00:27:47,760 --> 00:27:49,520 Speaker 5: We'll have much more coming up after this. 517 00:27:53,800 --> 00:27:57,280 Speaker 1: You're listening to the Bloomberg Balance of Power podcast. Catch 518 00:27:57,320 --> 00:28:00,399 Speaker 1: us live weekdays at noon and five pm East on 519 00:28:00,520 --> 00:28:03,760 Speaker 1: Apple Cocklay and Android Auto with the blue Berg Business app. 520 00:28:03,800 --> 00:28:06,800 Speaker 1: You can also listen live on Amazon Alexa from our 521 00:28:06,840 --> 00:28:11,320 Speaker 1: flagship New York station Just Say Alexa played Bloomberg eleven thirty. 522 00:28:12,600 --> 00:28:15,600 Speaker 4: We welcome Congressman Sam Graves to our conversation. 523 00:28:15,720 --> 00:28:16,879 Speaker 5: We've been looking forward to it. 524 00:28:16,960 --> 00:28:21,840 Speaker 4: The Republican representing Missouri sixth district and importantly chair of 525 00:28:21,920 --> 00:28:25,159 Speaker 4: the House Transportation and Infrastructure Committee. The last time we 526 00:28:25,200 --> 00:28:28,080 Speaker 4: spoke with Chairman Graves, I believe he was on a 527 00:28:28,160 --> 00:28:30,040 Speaker 4: runway trying to get somewhere and we ended up on 528 00:28:30,040 --> 00:28:30,879 Speaker 4: the telephone together. 529 00:28:30,920 --> 00:28:31,440 Speaker 5: Mister chairman. 530 00:28:31,480 --> 00:28:33,719 Speaker 4: It is great to see you on the eve of 531 00:28:34,359 --> 00:28:37,480 Speaker 4: the cuts in capacity at the forty airports that have 532 00:28:37,520 --> 00:28:40,400 Speaker 4: been identified by the FAA. I'm just wondering your thoughts 533 00:28:40,720 --> 00:28:42,840 Speaker 4: on what we're about to witness here and what this 534 00:28:42,920 --> 00:28:47,120 Speaker 4: is going to mean for safety and for airline customers. 535 00:28:47,200 --> 00:28:50,400 Speaker 4: We're understanding about one hundred thousand of them could be impacted. 536 00:28:51,600 --> 00:28:55,760 Speaker 11: Well as far as safety goes, you know, the sky's safe, absolutely, 537 00:28:56,320 --> 00:28:59,120 Speaker 11: they are safe. And air traffic controllers are still doing 538 00:28:59,160 --> 00:28:59,960 Speaker 11: a great job. 539 00:29:00,600 --> 00:29:03,200 Speaker 12: They're showing up and they're doing a very very good job. 540 00:29:04,200 --> 00:29:05,320 Speaker 12: Are there going to be delays? 541 00:29:05,640 --> 00:29:09,000 Speaker 11: Absolutely, there's going to be delays, and obviously by cutting 542 00:29:09,040 --> 00:29:12,840 Speaker 11: back on the number of flights UH to to these airports, 543 00:29:12,920 --> 00:29:13,720 Speaker 11: it's gonna. 544 00:29:13,440 --> 00:29:14,640 Speaker 12: It's gonna impact folks. 545 00:29:14,640 --> 00:29:17,120 Speaker 11: It's going to have an impact on on the holiday 546 00:29:17,160 --> 00:29:21,160 Speaker 11: travel season, and it's just not good. We're seeing a 547 00:29:21,200 --> 00:29:23,440 Speaker 11: little bit of obviously a lot of fatigue or a 548 00:29:23,440 --> 00:29:26,520 Speaker 11: little bit more fatigue UH in air traffic controllers. It's 549 00:29:26,560 --> 00:29:29,480 Speaker 11: a very stressful job to begin with, and now you 550 00:29:29,560 --> 00:29:32,840 Speaker 11: throw on top, you know, not getting a paycheck coming 551 00:29:32,880 --> 00:29:36,360 Speaker 11: around to the second time. It's putting a tremendous amount 552 00:29:36,400 --> 00:29:38,400 Speaker 11: of stress on on those individuals. 553 00:29:39,040 --> 00:29:42,160 Speaker 2: M hm, Congressman, is this going to be one of 554 00:29:42,160 --> 00:29:46,360 Speaker 2: those pressure points that ultimately leads to reopening the government. 555 00:29:46,480 --> 00:29:49,440 Speaker 2: What is the political calculus at this point when we're 556 00:29:49,440 --> 00:29:52,480 Speaker 2: expecting thousands of flights to be canceled come tomorrow. 557 00:29:53,680 --> 00:29:55,040 Speaker 12: Well, I hope it does end it. 558 00:29:55,040 --> 00:29:58,000 Speaker 11: And there's a real simple way to do that if 559 00:29:58,000 --> 00:30:00,040 Speaker 11: we can just get the Senate to vote on a 560 00:30:00,080 --> 00:30:03,920 Speaker 11: clean CR and pass it. Obviously, they have voted what 561 00:30:04,080 --> 00:30:10,400 Speaker 11: now fourteen fifteen times, and Senator Schumer continues to refuse 562 00:30:10,480 --> 00:30:12,840 Speaker 11: to let the government open. We can just get the 563 00:30:12,840 --> 00:30:16,000 Speaker 11: government open through the CR. Then we can negotiate all 564 00:30:16,000 --> 00:30:19,360 Speaker 11: of these points that he wants to talk about, and 565 00:30:19,400 --> 00:30:22,520 Speaker 11: we can stop all of this madness that we're seeing 566 00:30:22,760 --> 00:30:24,520 Speaker 11: and that the public is having to endure. 567 00:30:25,760 --> 00:30:27,560 Speaker 4: Well, Chairman Graves, I know that you are also a 568 00:30:27,600 --> 00:30:29,680 Speaker 4: pilot yourself, and for folks who are with us right 569 00:30:29,680 --> 00:30:32,360 Speaker 4: now in Bloomberg TV or on YouTube, I'm looking at 570 00:30:32,360 --> 00:30:34,440 Speaker 4: the photographs that are hanging behind you in the office, 571 00:30:34,560 --> 00:30:36,080 Speaker 4: kind of caught off by the shot though it looks 572 00:30:36,120 --> 00:30:38,000 Speaker 4: like maybe a piper cub and a Steerman. I can't 573 00:30:38,080 --> 00:30:40,120 Speaker 4: quite tell. You can correct me on that, but I'm 574 00:30:40,160 --> 00:30:42,040 Speaker 4: just wondering if you'd get in an airplane and take 575 00:30:42,080 --> 00:30:44,240 Speaker 4: off now as a private pilot or what that would 576 00:30:44,320 --> 00:30:47,200 Speaker 4: mean in the throes of closing airspace. 577 00:30:49,280 --> 00:30:54,280 Speaker 11: It's not going to have too much impact on GA, 578 00:30:54,400 --> 00:30:57,560 Speaker 11: on general aviation aircraft. Most of the airports that GA 579 00:30:57,600 --> 00:31:02,760 Speaker 11: and corporate aircraft fly into are not going to be 580 00:31:02,800 --> 00:31:05,520 Speaker 11: impacted and enlists. They're in an area, like you know, 581 00:31:05,760 --> 00:31:08,800 Speaker 11: within the Dallas Fort Worth area or something like that, 582 00:31:08,840 --> 00:31:10,320 Speaker 11: so it's not going to have a tremendous amount of 583 00:31:10,360 --> 00:31:11,640 Speaker 11: impact general aviation. 584 00:31:13,840 --> 00:31:16,800 Speaker 2: Congressman, is the FA going to have to incentivize air 585 00:31:16,840 --> 00:31:20,360 Speaker 2: traffic controllers to come back to work even after the 586 00:31:20,400 --> 00:31:23,960 Speaker 2: government reopens. We are seeing reports that many have taken 587 00:31:24,240 --> 00:31:26,640 Speaker 2: other jobs, second jobs, and we know that this has 588 00:31:26,680 --> 00:31:28,840 Speaker 2: been an issue that's been plaguing the industry, as you 589 00:31:28,880 --> 00:31:31,280 Speaker 2: alluded to in your first answer, at this point for 590 00:31:31,440 --> 00:31:33,960 Speaker 2: years in this country. Is there something else that the 591 00:31:34,000 --> 00:31:37,400 Speaker 2: government can do to ensure that these workers do come 592 00:31:37,480 --> 00:31:41,760 Speaker 2: back into work even after the shutdowns resolved. 593 00:31:43,040 --> 00:31:44,800 Speaker 12: I think they'll come back. 594 00:31:45,440 --> 00:31:48,120 Speaker 11: I don't think they're going to leave their professional Look, 595 00:31:48,200 --> 00:31:52,240 Speaker 11: these are very professional individuals and they know how important 596 00:31:52,720 --> 00:31:54,360 Speaker 11: that their job is, and the fact of the matter 597 00:31:54,400 --> 00:31:57,000 Speaker 11: is they're showing up and doing the work even now. 598 00:31:57,200 --> 00:32:01,160 Speaker 11: The bigger problem is the short of air traffic controllers 599 00:32:01,200 --> 00:32:04,280 Speaker 11: that we had prior to the shutdown. And the good 600 00:32:04,320 --> 00:32:08,080 Speaker 11: news is though, as the President and the Secretary have 601 00:32:08,280 --> 00:32:10,880 Speaker 11: both they're fully engaged in this. And we've seen for 602 00:32:10,920 --> 00:32:13,760 Speaker 11: the first time in a very long time all the seats. 603 00:32:13,480 --> 00:32:14,600 Speaker 12: Failed at the academy. 604 00:32:14,680 --> 00:32:18,360 Speaker 11: They filled all two thousand openings at the Academy. So 605 00:32:18,560 --> 00:32:23,240 Speaker 11: we've controllers in the pipeline moving forward, and it's just 606 00:32:23,280 --> 00:32:25,160 Speaker 11: going to take some time to train them up because 607 00:32:25,200 --> 00:32:29,320 Speaker 11: we don't want to short change or sacrifice any safety 608 00:32:29,360 --> 00:32:31,720 Speaker 11: whatsoever when it comes to training in air traffic controllers. 609 00:32:31,720 --> 00:32:33,960 Speaker 12: But we've got a lot of good ones coming. 610 00:32:35,120 --> 00:32:37,239 Speaker 4: I know this is so important, mister Chairman. We've got 611 00:32:37,240 --> 00:32:39,520 Speaker 4: a new generation of air traffic controllers. I guess at 612 00:32:39,520 --> 00:32:43,840 Speaker 4: some point will have a pretty wide bench. Do they 613 00:32:43,840 --> 00:32:46,560 Speaker 4: need to be paid more? They're essential workers? Should there 614 00:32:46,600 --> 00:32:49,840 Speaker 4: be language and legislation that requires them to be paid 615 00:32:49,880 --> 00:32:50,520 Speaker 4: in a shutdown? 616 00:32:50,520 --> 00:32:51,840 Speaker 5: We've only got about a minute left. 617 00:32:52,720 --> 00:32:55,240 Speaker 12: Well, the fact of the matter is it should be. 618 00:32:55,520 --> 00:32:57,440 Speaker 11: And they're the ones that always end up being the 619 00:32:57,520 --> 00:33:00,360 Speaker 11: pawns in this process, and we see it happen time 620 00:33:00,400 --> 00:33:04,000 Speaker 11: and time and time again. You know, they are essential workers, 621 00:33:04,000 --> 00:33:06,480 Speaker 11: and I think they should be paid as essential workers. 622 00:33:06,800 --> 00:33:10,000 Speaker 11: And again, all we got to do is stop the 623 00:33:10,080 --> 00:33:13,240 Speaker 11: shut down and reopen the government past the clean cr 624 00:33:13,360 --> 00:33:14,440 Speaker 11: and then we can negotiate. 625 00:33:15,480 --> 00:33:17,560 Speaker 4: It's good to have you back, sir Sam Graves. We'll 626 00:33:17,600 --> 00:33:20,480 Speaker 4: let you get to the airport. He's the Republican from 627 00:33:20,480 --> 00:33:25,920 Speaker 4: Missouri and importantly Chairman of the House Transportation and Infrastructure Committee. 628 00:33:27,960 --> 00:33:30,360 Speaker 5: Thanks for listening to the Balance of Power podcast. 629 00:33:31,000 --> 00:33:34,120 Speaker 4: Make sure to subscribe if you haven't already, at Apple, Spotify, 630 00:33:34,240 --> 00:33:36,800 Speaker 4: or wherever you get your podcasts, and you can find 631 00:33:36,880 --> 00:33:40,080 Speaker 4: us live every weekday from Washington, DC at noontime Eastern 632 00:33:40,400 --> 00:33:41,840 Speaker 4: at Bloomberg dot com.