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Speaker 1: From the Bloomberg Interactive Brokers Studios. This is Bloomberg day

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Speaker 1: Break for Friday, May nineteenth.

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Speaker 2: Coming up today, Optimism grows on both sides of the

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Speaker 2: aisle on a debt deal agreement.

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Speaker 1: Ukraine's President Vladimir Zelenski plans to a Tamage seven meeting

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Speaker 1: in Japan.

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Speaker 2: The spat between Disney and Florida Governor Ron DeSantis heats up.

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Speaker 1: And on top of Wall Street, strategist says sell this

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Speaker 1: recent market rally.

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Speaker 3: Funeral services are today for the New York subway writer

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Speaker 3: who died after a choke hold. Plus the NYPD makes

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Speaker 3: a grim discovery in the search for two missing boys.

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Speaker 3: I'm Michael Barr Bore Ahead.

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Speaker 4: I'm John Stash, Aaron's bord Twins for the Mets and Yankees.

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Speaker 4: The Nuggets again beat the Lakers the Florida Panthers one

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Speaker 4: in four overtime.

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Speaker 5: That's all straight Ahead on Bloomberg day Break, the business

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Speaker 5: news you need to starn your day in just one

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Speaker 5: fifteen minute podcast each morning on Apples, Spotify, the Bloomberg

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Speaker 5: Business Appen everywhere you get your podcasts.

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Speaker 1: Good morning, I'm Amy Morris and I'm Karen Moscow. Here

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Speaker 1: are the stories we're following today.

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Speaker 2: First House Speaker Kevin McCarthy and Senate Majority Leader Chuck

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Speaker 2: Schumer are making plans for votes in the coming days

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Speaker 2: on a bipartisan deal to avert a US debt default.

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Speaker 2: How Speaker McCarthy says he does see a path forward.

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Speaker 6: Where we were a week ago and where we are

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Speaker 6: today is a much better place because of him.

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Speaker 7: We've got the right people in the room discussing it

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Speaker 7: in a very professional manner, with all the knowledge and

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Speaker 7: all the background from all the different leaders and what

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Speaker 7: they want.

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Speaker 2: I know, and I can see where a deal can

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Speaker 2: come together. Senator Schumer says he's hopeful.

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Speaker 8: I'm also pleased that the other side has recognized the

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Speaker 8: best way forward is a bipartisan piece of legislation that

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Speaker 8: can secure enough votes to get through both the House

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Speaker 8: and the Senate.

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Speaker 2: Meanwhile, the Senate will go forward with its planned recess

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Speaker 2: next week. Senator Schumer told lawmakers they need to be

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Speaker 2: ready to return to Washington within twenty four hours once

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Speaker 2: there's a deal.

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Speaker 1: Melami. There is also optimism among others in Congress to

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Speaker 1: be caught up with Arizona's Senator Kirsten Cinema.

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Speaker 9: Well, the good news is that we've now got the

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Speaker 9: right people in the room to have the conversation and

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Speaker 9: come to an agreement. And I am beginning to feel

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Speaker 9: more and more confident each day that such an agreement

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Speaker 9: will occur. We've got some really good news here. One

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Speaker 9: is that Kevin McCarthy has said over and over he

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Speaker 9: doesn't want to have a default. His folks are in

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Speaker 9: the room negotiating to prevent a default and solve this challenge.

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Speaker 1: And Arizona's Senator Kirsten Cinema made the comments in an

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Speaker 1: interview with Bloomberg's Joe Matthew and Kaylee Lynes. Here more

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Speaker 1: of that conversation.

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Speaker 2: A little later in the program, President Biden meanwhile urging

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Speaker 2: negotiators to keep pursuing a dead limit deal. The President

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Speaker 2: is at the G seven meeting in Japan, and we've

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Speaker 2: learned that Ukraine's President Voladimir Zelinski will also travel there

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Speaker 2: to join the leaders in person. We get more on

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Speaker 2: that from Bloomberg Steven Engel in Hiroshima.

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Speaker 7: We are learning from sources that Zelensky of Ukraine will

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Speaker 7: be coming here on Sunday after a stop in Saudi Arabia.

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Speaker 2: For the Arab League.

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Speaker 7: He could potentially there be in the same room as

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Speaker 7: Syria as asad that would be interesting, to say the

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Speaker 7: least this weekend, but again he will be here at

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Speaker 7: the Atomic Bomb Dome and the Peace Memorial Park just

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Speaker 7: down the river here to make his case to get

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Speaker 7: the G sevens perhaps give more aid for Ukraine's fight

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Speaker 7: against Russia.

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Speaker 2: Bloomberg, State and Angle and hiroshimasays officials have added an

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Speaker 2: extra session to the summit's schedule on Sunday to accommodate

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Speaker 2: Ze Lindsay's schedule.

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Speaker 1: Meanwhile, Amy, the US and Taiwan have agreed on a

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Speaker 1: trade initiative and a bid for even closer ties on

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Speaker 1: Bloomberg's Ed Baxter has the story.

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Speaker 10: This is the first tangible result under an initiative announced

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Speaker 10: last year. It will do several things with a lot

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Speaker 10: left to do. It will streamline customs, reduce way times

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Speaker 10: for trucks and vessels, and improve regulation, but it isn't

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Speaker 10: a formal free trade agreement. A dozen addressed issues like

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Speaker 10: tariffs or semiconductors. This agreement was also announced just hours

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Speaker 10: after the Chinese Embassy in Washington announced trade meetings between

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Speaker 10: China and the US. Yet to be seen how this

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Speaker 10: agreement could affect that In San Francisco, I'm at Baxter

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Speaker 10: Bloomberg Daybreak.

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Speaker 2: Thank you ed a bit of a political story. On

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Speaker 2: a different front, Disney's high profile fight with Florida Governor

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Speaker 2: Rond De Santis has taken another turn. Let's get the

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Speaker 2: latest with Bloomberg's John Tucker, John.

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Speaker 11: And Amy taking on Mickey Mouse and the force has

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Speaker 11: its price. Disney has dropped plans for a new corporate

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Speaker 11: campus in Florida. It would have brought with it two

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Speaker 11: thousand workers. It was worth as much as nine hundred

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Speaker 11: million dollars, and they're shutting down a luxury hotel at

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Speaker 11: disney World Star Wars Galactic Star Cruiser. It was one

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Speaker 11: of the most expensive attractions of the park. The company

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Speaker 11: has also raised outs about billions of dollars in new

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Speaker 11: investment in the state, while Disney is in the middle

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Speaker 11: of cost cuts. Say it's hard not to see the

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Speaker 11: moves as retaliation against Ron De Santis. Disney opposed a

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Speaker 11: state law limiting the discussion of gender issues in public schools.

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Speaker 11: In turn, DeSantis, to presume president contender took control of

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Speaker 11: a board that oversees municipal services at Disney World. Now

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Speaker 11: they're in court, you know, York. Come John Tucker Bloomberg daybreak, All.

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Speaker 1: Right, John, Thanks, We'll be turned to the economy now,

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Speaker 1: and bets are growing on another FED rate hike. Traders

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Speaker 1: now have a June increase at forty percent. Federal Reserve

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Speaker 1: Governor Phillip Jefferson says he's willing to be patient and

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Speaker 1: wants to see the impact of past rate hikes.

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Speaker 12: History shows that monetary policy works with long and variable legs,

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Speaker 12: and that a year is not long enough period for

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Speaker 12: demand to feel the full effects of higher interest rate.

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Speaker 1: Thank Governor Philip Jefferson made the comments at an event

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Speaker 1: hosted by the National Association of Insurance Commissioners in Washington.

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Speaker 2: One prominent Wall Street strategist says FED high grates may

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Speaker 2: not be over. That's one reason why he's recommending investors

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Speaker 2: sell this recent rally, which saw stocks close at a

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Speaker 2: nine month high yesterday. Bank of America as Michael Hartnett

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Speaker 2: also says tech and artificial intelligence are forming a bubble. Hartnett,

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Speaker 2: who correctly predicted last year that recession fears would fuel

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Speaker 2: a stock exodus, recommended selling the s and p five

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Speaker 2: hundred at forty two hundred, the indexes current level and Amy.

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Speaker 1: A management shuffle may be in the works at Lazard.

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Speaker 1: Bloomberg News has learned CEO Ken Jacob's plans to step

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Speaker 1: down from the top job as the investment bank RETRENCHESHM

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Speaker 1: at a slump in deal making and a plunge in

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Speaker 1: the company's stock price. Sources say sixty four year old

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Speaker 1: Jacobs are a main with the firm and be succeeded

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Speaker 1: as CEO by Peter Orzag. Straight ahead your latest local

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Speaker 1: headlines and this is Bloomberg.

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Speaker 2: Thank you, Karen five seven on Wall Street, fifty five

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Speaker 2: degrees in New York. Look for sunshine as we go

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Speaker 2: up to seventy Today. Time now for a look at

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Speaker 2: some of the other stories making news in New York

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Speaker 2: and around the world. For that, we're joined by Bloomberg's

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Speaker 2: Michael bar Good morning, Michael.

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Speaker 3: Good morning. Amy. Funeral services will take place today in

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Speaker 3: Harlem for a homeless New York City subway writer who

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Speaker 3: died earlier this month after he was put in a

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Speaker 3: choke hold. Neely's death on a New York City subway

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Speaker 3: train sparked protests. Marine veteran Daniel Penny attempted to subdue

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Speaker 3: Neely on an f train after Neely was said to

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Speaker 3: be shouting in passengers. The medical examiner ruled Neely's death

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Speaker 3: a homicide. Last week, Penny was arrained on a manslaughter charge.

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Speaker 3: The NYPD made a grim discovery in the search for

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Speaker 3: two missing boys. Authorities say the body of a boy

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Speaker 3: missing from Harlem was pulled from the East River. The

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Speaker 3: victim's family confirmed that the remains belonged to thirteen year

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Speaker 3: old Garrett Warren. Warren and his friend, eleven year old

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Speaker 3: Alpha Berry, when missing several days ago. Police in the

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Speaker 3: Dayton suburb of Morein, Ohio say there was an active

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Speaker 3: shooting incident at a diesel manufacturing plant. Police say two

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Speaker 3: people were shot and one died at the scene. Iraine

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Speaker 3: Police Sergeant Andrew Perrish our.

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Speaker 4: Officers responded along with the fire department, quickly got here

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Speaker 4: and were able to get into the scene and.

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Speaker 13: Within just a few minutes confirmed the active threat inside

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Speaker 13: the building was over.

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Speaker 3: Sergeant Parrish says the suspect remains hospitalized for a self

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Speaker 3: inflicted gunshot wound. A spokesperson for Democratic Senator Diane Feinstein,

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Speaker 3: who was absent from the Capitol for months after being

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Speaker 3: hospitalized with shingles, suffered serious complications. The complications included encephalitis

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Speaker 3: and Ramsey Hunt syndrome, a neurological disorder that can arise

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Speaker 3: from shingles virus. Weinstein, who is eighty nine, returned to

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Speaker 3: the Capitol last week in a wheelchair. Experts are warning

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Speaker 3: about a rise in the decades old bank fraud scam

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Speaker 3: called check washing. Anyone who sends paper checks and the

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Speaker 3: mail is vulnerable. John Breo with the National Consumers League

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Speaker 3: says it starts with scammers plucking those checks, usually out

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Speaker 3: of blue USPS mailboxes on the street.

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Speaker 14: They take that check and they put it into a

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Speaker 14: chemical solution. Usually it's something like acetone that you can

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Speaker 14: find in most neo polish removers, and that allows them

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Speaker 14: to get the ink that you have used to write

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Speaker 14: the check off of the check.

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Speaker 3: The National Consumers League John Breo says an easy way

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Speaker 3: to protect against the scheme is to switch to paperless payments.

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Speaker 3: Global News twenty four hours a day, powered by more

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Speaker 3: than twenty seven hundred journalists d analysts in over one

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Speaker 3: hundred and twenty countries. I'm Michael Barr. This is Bloomberg Gaming.

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Speaker 2: All right, thank you, Michael. Time now for our Bloomberg

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Speaker 2: Sports update. For that, we bring in John stash Hour.

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Speaker 2: All right, Emmy.

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Speaker 4: The Denver Nuggets KPE winning at home now eight to

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Speaker 4: no in Denver, and the Nuggets are two wins from

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Speaker 4: a place they've never been before. The NBA Finals were

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Speaker 4: up to nothing on the Lakers. They trailed much of

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Speaker 4: Game two. We got a big fourth quarter from Jamal Murray.

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Speaker 4: That's what he scored twenty three of his thirty seven

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Speaker 4: points in Denver. One one oh eight, one oh three.

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Speaker 4: Yet another triple double for Nicolai Jokich, his seventh of

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Speaker 4: the playoffs. Game two in the East is tonight in Boston.

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Speaker 4: Miami up won up in the heat, trying to reach

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Speaker 4: the finals as an eight seed. The hockey team in

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Speaker 4: South Florida also seeded eighth. The Panthers played Game one

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Speaker 4: at Carolina. This game was two to two for ninety

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Speaker 4: six minutes.

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Speaker 2: Sampette keeps see it out fuck Ka Chuck is Shuck

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Speaker 2: Piece stars pieceas Matthew Good Chuck the overtime winner. The

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Speaker 2: Pitters take game p wqem to.

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Speaker 4: Chuck's goal came with thirteen seconds left in the fourth overtime,

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Speaker 4: sixth longest game in NHL history. Yankees bounced back from

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Speaker 4: the extra day loss in Toronto to win four to two.

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Speaker 4: Aaron Judge got him going to run over first inning,

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Speaker 4: his sixth in the last six games. He later nearly

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Speaker 4: hit another it bounced off the top of the wall

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Speaker 4: for a double. Nester Cortez had had a couple of

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Speaker 4: recent shaky addings, but he was sharpened this one of

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Speaker 4: the Yanks take three to four. They played tonight in

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Speaker 4: Cincinnati the Mets. Tonight home for Cleveland. They beat Tampa

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Speaker 4: Bay three to two, so they have their first two

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Speaker 4: game win streaks since April twenty first. It's also their

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Speaker 4: first series victory since then DJA Championship in Rochester. They'll

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Speaker 4: finish the first round today. Then played the second. Thirty

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Speaker 4: four year old American Eric Cole, playing in a Major

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Speaker 4: for only the second time, is five under and he

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Speaker 4: leads by one over bryceon De Shamba. Round two coverage

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Speaker 4: today starting at four Here, I'm Bloomberg Great sham Stash.

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Speaker 4: I went Bloomberg Sports.

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Speaker 5: Live from coast to coast, from New York to San Francisco,

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Speaker 5: Boston to Washington. D c nationwide on SIRIUSXAM, the Bloomberg

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Speaker 5: Business app, and Bloomberg dot Com.

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Speaker 2: This is Bloomberg Daybreak. Good Friday morning. I'm Ammy Morris.

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Speaker 2: In recent days, President Biden and House Speaker McCarthy signalled

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Speaker 2: progress on a debt default deal. There will be compromises

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Speaker 2: to get to the finish line. Arizona Senator Kirsten Cinema says, well,

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Speaker 2: compromise is needed to strike a deal that works for Americans.

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Speaker 2: In an exclusive conversation on Bloomberg's Sound on yesterday, our

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Speaker 2: Joe Matthew and Kaylee Lines spoke with the independent Arizona

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Speaker 2: senator about the debt ceiling, bank turmoil and the southern border.

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Speaker 2: Let's go to that conversation.

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Speaker 6: I want to start with the matter at hand, that,

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Speaker 6: of course, is the debt ceiling and an illoming apparent

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Speaker 6: deal here. Kevin McCarthy says it's going to be on

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Speaker 6: the floor next week. Then it becomes a question of passage,

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Speaker 6: of course, Senator, and it appears he will need some

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Speaker 6: Democratic votes. Can you tell our listeners and viewers where

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Speaker 6: are your red lines on this?

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Speaker 9: Well, first, one thing to remember is I'm proud to

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Speaker 9: be the independent Senate from Arizona, and so I'm happy.

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Speaker 2: To join you all today.

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Speaker 9: I actually don't tend to talk in terms of red lines,

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Speaker 9: and in fact, I think that when folks come around

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Speaker 9: and start talking about red lines, that's how you tend

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Speaker 9: to not get to a deal. So what we've got

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Speaker 9: to do is really focus on coming together to find

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Speaker 9: areas of shared agreement. The default, the possibility of default

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Speaker 9: is a threat to every single one of us in

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Speaker 9: this nation, regardless of whether they're a Democrat, Republican, or

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Speaker 9: an independent. So our goal here has to be about

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Speaker 9: solving the challenge and doing it together. Now, if you

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Speaker 9: ask me about what should I think we do about

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Speaker 9: the debt limit and default, the bottom line is that

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Speaker 9: both political parties are guilty of playing fire when it

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Speaker 9: comes to the debt limit. When either party is in

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Speaker 9: the minority, they demand requirements from the other party in

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Speaker 9: order to get to a deal. And unfortunately that's been

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Speaker 9: happening for years, and it's a mistake. It's wrong. We

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Speaker 9: should never play with fire when it comes to the

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Speaker 9: full faith in credit the United States of America.

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Speaker 13: Now here we are today, we know that you have

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Speaker 13: had a long history of relationships with some of the

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Speaker 13: key players in these negotiations, a long working relationship with

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Speaker 13: how Speaker Kevin McCarthy, with Stever Shehetty, who is negotiating

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Speaker 13: on the side of the White House, as well as

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Speaker 13: the O and B director Shalanda Young. So what are

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Speaker 13: you telling them directly? How have you been involved in

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Speaker 13: these conversations.

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Speaker 9: Well, the good news is that we've now got the

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Speaker 9: right people in the room to have the conversation and

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Speaker 9: come to an agreement, and I am beginning to feel

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Speaker 9: more and more confident each day that such an agreement

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Speaker 9: will occur. We've got some really good news here. One

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Speaker 9: is that Kevin McCarthy has said over and over he

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Speaker 9: doesn't want to have a default. His folks are in

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Speaker 9: the room negotiating to prevent a default and solve this challenge.

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Speaker 9: Shetty and I have negotiated many a deal together in

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Speaker 9: the past several years, and he's a good voice for

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Speaker 9: the president. And Shalanda Young, she's the smartest person in

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Speaker 9: the building. She knows the budget and appropriations inside out.

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Speaker 9: So with those folks at the table, I feel confident

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Speaker 9: that they're going to come to an agreement and then

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Speaker 9: we'll be able to stave off default and get back

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Speaker 9: to the business of governing our country.

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Speaker 6: Your confidence is refreshing, Senator. Though there are a lot

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Speaker 6: of questions right now about work requirements, this seems to

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Speaker 6: be where a lot of the action is in the

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Speaker 6: negotiating room here, and I wonder where your line is.

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Speaker 6: President Biden says he's open to additional work requirements for

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Speaker 6: programs like SNAP, but draws the line at medicaid.

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Speaker 3: Do you agree with him?

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Speaker 9: It's funny because you keep mentioning the word line. And

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Speaker 9: as I mentioned at the beginning of our conversation, when

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Speaker 9: folks put up red lines, it makes it harder to

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Speaker 9: solve the problem, not easier. The reality is, in our country,

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Speaker 9: we've long had modest work requirements for some entitlement programs,

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Speaker 9: and continuing those makes relevant sense. Conversation about whether or

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Speaker 9: not we'll have fewer or more of those in the

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Speaker 9: future is really a discussion that belongs in the negotiating room,

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Speaker 9: not on television cameras.

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Speaker 13: If ultimately, if ultimately that is included in the package, Senator,

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Speaker 13: would you still vote yes to that deal?

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Speaker 9: I like how you guys keep trying to come back

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Speaker 9: to the redline question and I'll just tell you right

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Speaker 9: here and now, I'm not going to answer it, but

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Speaker 9: I am happy to talk about how I think we

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Speaker 9: can move forward after this conversation to prevent a future

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Speaker 9: situation like this one. In fact, I just introduced a

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Speaker 9: bill with Senator Ernst that would ensure that Congress gets accurate,

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Speaker 9: nonpartisan information every year about the true facts around the

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Speaker 9: fiscal state of our nation. That way, as members of

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Speaker 9: Congress and Senators, we're all informed about what our financial

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Speaker 9: situation is like. And then, rather than playing politics and

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Speaker 9: playing fire with the full faith in part of the

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Speaker 9: United States of America, perhaps we might choose to get

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Speaker 9: serious about fiscal discipline and taking care of the fiscal

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Speaker 9: health of our nation.

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Speaker 6: Senator, you had a long list of questions today for

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Speaker 6: the Vice Chair of the Federal Reserve, Michael Barr, and

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Speaker 6: a Senate Banking Committee hearing looking into the causes and

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Speaker 6: the fallout from the bank collapses that we've witnessed over

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Speaker 6: the past couple of months. Here among your questions really

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Speaker 6: got to authority, oversight, supervision here, and I wonder if

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Speaker 6: at this point, following your conversation with Michael Barr today,

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Speaker 6: you're satisfied with the FED exercising its full authority or

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Speaker 6: does Congress need to mandate something here.

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Speaker 9: Well, it's been clear from the last two times that

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Speaker 9: Vice Chair bar has testified in the Banking Committee that

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Speaker 9: he's acknowledged two things. One that the agency did have

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Speaker 9: sufficient authority to provide oversight and failed to do so appropriately.

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Speaker 9: Today he talked about making internal changes around the culture

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Speaker 9: of his organization, and as you heard in my questions,

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Speaker 9: I've encouraged him to create a detailed plan and report

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Speaker 9: it quarterly to Congress so that he's accountable to us

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Speaker 9: for actually implementing that plan. But one thing that we

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Speaker 9: know is clear the agency, the FED, had the authority

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Speaker 9: and chose not to exercise it over SVB and other

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Speaker 9: banks that have faced failures, and that is a failure

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Speaker 9: on their part. So as you saw today, I've encouraged

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Speaker 9: them and tell them that we expect them to actually

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Speaker 9: do their job and do it at the speed of business.

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Speaker 9: One thing we've learned is that the FED was too

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Speaker 9: slow in responding to elements or signs of risk. They

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Speaker 9: would ask questions of the bank, but didn't hold them

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Speaker 9: accountable and didn't do so in real time. That's something

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Speaker 9: they need to do is modernize so they can actually

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Speaker 9: respond to these threats in real time, just like we

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Speaker 9: as consumers respond to the threats or challenges we face

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Speaker 9: in real time.

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Speaker 13: So, Senator, that's something you'd like to see the regulators

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Speaker 13: do internally. But is there anything you'd like to see

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Speaker 13: Congress do legislatively? Are there any measures bills that you

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Speaker 13: would support to address the banking crisis.

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Speaker 9: There are a number of pieces of legislation that we've

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Speaker 9: introduced in a bipartisan way, including legislation it would claw

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Speaker 9: back the executive bonuses and other inappropriately taken income on

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Speaker 9: the part of these executives. But in terms of regulation,

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Speaker 9: let's be clear, the FED and FDIC have said they

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Speaker 9: do have the regulatory powers to prevent further bank failures

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Speaker 9: and to hold banks accountable. It's their job to do it.

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Speaker 9: It's Congress's job to hold them accountable and ensure.

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Speaker 8: They do it.

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Speaker 6: Senator Kerry Lake has been in town this Week's been

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Speaker 6: her second visit here this week this year. I should

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Speaker 6: stay talking with the nrsc Reuben Diego has been talking

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Speaker 6: about you a lot in the media, and I wonder

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Speaker 6: if you can tell us what your timeline is for

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Speaker 6: making a decision on a potential run for reelection.

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Speaker 9: I don't have anything to offer to you on that point.

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Speaker 9: As you can tell, I am one hundred percent invested

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Speaker 9: and focused on doing the work for Arizona in the

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Speaker 9: United States Senate right now. As I say, politics can

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Speaker 9: wait to another day. But right now, we have so

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Speaker 9: many challenges on our plate. Arizonas can count on me

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Speaker 9: to stay one hundred percent focused on meeting those challenges.

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Speaker 13: But as you do your work in the Senate and

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Speaker 13: look towards your future, can you rule out caucusing with

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Speaker 13: the Republican Party.

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Speaker 9: Well, I've asked, been asked, and answered that question numerous times,

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Speaker 9: and as I said just about a week and a

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Speaker 9: half ago, you don't leave one broken party to join another.

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Speaker 9: Arizonans and Americans across this country are hungry for leaders

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Speaker 9: who are not invested in one party or the other,

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Speaker 9: and who don't march to the drum when they're told

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Speaker 9: to do something, and who importantly are willing to get

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Speaker 9: out of those partisan boxes and solve the challenges we

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Speaker 9: face in our country. I've demonstrated to Arizonans over the

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Speaker 9: last twenty years of service that I can be that

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Speaker 9: person and have been that person, and I know they

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Speaker 9: can count on me to continue doing that work. So

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Speaker 9: folks can count on me to be the same independent

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Speaker 9: voice I've always been.

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Speaker 6: I have to ask you about an important issue for

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Speaker 6: your state, and I know it's something that you take

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Speaker 6: very personally, Senator, and that's what's happening at our southern border.

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Speaker 6: You're up with a bipartisan bill to extend Title forty

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Speaker 6: two was just rescinded. Are you getting support in that

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Speaker 6: effort in the Senate?

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Speaker 9: Well, I'm so glad you've asked about this because it's

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Speaker 9: the number one issue on Arizona's mind right now. When

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Speaker 9: the administration ended Title forty two without an appropriate plan

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Speaker 9: in place, once again the burden falls on the shoulders

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Speaker 9: of Arizona's border communities, and of course this is a

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Speaker 9: growing humanitarian crisis for the migrants themselves. So Senator Tillis

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Speaker 9: and I have introduced a bill to extend the elements

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Speaker 9: of Title forty two so that the administration can do

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Speaker 9: what it should have done over the last two years,

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Speaker 9: which is prepare for the end of this program. We

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Speaker 9: are growing in support and have gathered six co sponsors

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Speaker 9: of both political parties, Because people all across the country

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Speaker 9: are seeing what's happening in states like Arizona and Texas,

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Speaker 9: they see migrants coming to their own states in the interior,

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Speaker 9: and they know that this system is broken. It's time

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Speaker 9: for us to give more opportunity for the administration to

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Speaker 9: prepare for the end of Title forty two. In the meantime,

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Speaker 9: Senator Tillis and I are continuing to work on our

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Speaker 9: bipartisan framework in a bi cameraal way to actually address

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Speaker 9: the deeper causes that are creating this problem, So securing

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Speaker 9: our border, solving all that you mentioned its about them

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Speaker 9: addressed by cameras, and continuing to work to solve this

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Speaker 9: in a bipartisan and bicamera way.

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Speaker 13: On the subject of being bi cameraal, of course, ahead

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Speaker 13: of the end of Title forty two, we did see

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Speaker 13: an immigration measure passing in the House. They called it

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Speaker 13: the Secured the Border Act. Are there parts of that

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Speaker 13: you could get on board with? Where is the opportunity

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Speaker 13: here for a compromise?

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Speaker 9: Well, it was an important step forward that House Republicans

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Speaker 9: passed a border security package. There are parts of that

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Speaker 9: package that are very useful, in some parts that aren't

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Speaker 9: very practical or helpful.

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Speaker 2: But what's important is that there was movement.

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Speaker 9: We haven't seen movement in a bi cameraal way in

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Speaker 9: over twenty years in Congress on immigration, so this was

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Speaker 9: an important first step. Now it'll be no surprise when

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Speaker 9: I tell you that I've been working with my colleagues

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Speaker 9: in the House for months as they were developing this legislation,

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Speaker 9: and we're continuing to work together as the Senate will

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Speaker 9: create a bipartisan package to overlay and make changes to

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Speaker 9: their piece of legislation and to add in elements that

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Speaker 9: are important like asylum reform, visa issues, and our dreamers.

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Speaker 9: So we have work to do, but I'm heartened by

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Speaker 9: the facts that they're moving forward in.

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Speaker 2: Our remaining moments here.

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Speaker 6: Senator President Biden has taken fire from both sides of

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Speaker 6: the aisle on this issue of the border. What does

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Speaker 6: he not understand about this?

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Speaker 1: Well?

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Speaker 9: I invite President Biden and Vice President Harris to come

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Speaker 9: actually visit the Arizona Mexico border. If they were to

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Speaker 9: do so, like many of my colleagues have joined me

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Speaker 9: in recent months, they'll see the devastation not just to

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Speaker 9: our border communities, but to the migrants and those families themselves.

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Speaker 9: The reality is the system is broken, and we need

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Speaker 9: both enforcement on the part of the administration and changes

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Speaker 9: on the part of Congress to fix the law and

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Speaker 9: solve this problem once and for all.

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