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Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

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Speaker 2: We're going to dive into the discussion in Washington right now.

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Speaker 2: I do this with French Hill. He is a congressman

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Speaker 2: from Arkansas, which doesn't describe his effort in capitalism. He

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Speaker 2: is run a bank, He has been in small business,

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Speaker 2: mid sized business, big business transactions, and is actually a

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Speaker 2: politician in Washington who understands the four accounting statements. Congressman Hill,

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Speaker 2: thank you so much for joining. The gentleman from Kentucky

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Speaker 2: will step aside. I look at the President of the

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Speaker 2: United States from another time and place. I look at

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Speaker 2: Senator McConnell from another time in place. Are we moving

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Speaker 2: beyond the kind of politics of our ute or are

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Speaker 2: we going to get back to them after this huge

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Speaker 2: divide we're in right now.

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Speaker 3: Well, Tom, it's great to be with you and Paul

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Speaker 3: this morning. We definitely are in a time of transition.

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Speaker 3: I think we've all felt that now for a number

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Speaker 3: of years. Mitch McConnell has been an extraordinary steady hand

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Speaker 3: in the Senate for two decades, and I think his

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Speaker 3: leadership will be missed and it's time to pass the

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Speaker 3: Senate to a new generation of very seasoned leaders. When

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Speaker 3: you look at the choices the Senate Republicans have to

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Speaker 3: replace Mitch, these are all very experienced season leaders who've

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Speaker 3: been in Senate leadership, so there's continuity there. But I

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Speaker 3: think you're witness to get into the presidential too, with

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Speaker 3: President Trump likely to be the Republican nominee and Joe

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Speaker 3: Biden obviously the Democratic president. That we are in a

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Speaker 3: time of transition, it's an exciting time to see leadership

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Speaker 3: change in the House, the Senate, and the presidency, but

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Speaker 3: it's not imminent. It looks like it's going to be

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Speaker 3: a few years ahead of us for that full transition.

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Speaker 2: At a convention like this summer, I guess it's alphabetical Alabama, Alaska, Arizona,

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Speaker 2: And then you have you ever stood up at a

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Speaker 2: convention and been the one that says, in Arkansas, this

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Speaker 2: state of decent football. Have you been the one that's a.

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Speaker 3: Normally delegates, I have been at several conventions, and I've

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Speaker 3: been standing at the post, but I have not announced

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Speaker 3: on behalf of my home state. Usually that goes to

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Speaker 3: the chairman of the party in the state or someone

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Speaker 3: that person invates.

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Speaker 2: Are we going to have a normal set of conventions

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Speaker 2: this summer.

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Speaker 3: Well, instinctively I felt like this election might be like

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Speaker 3: nineteen eighty where there was a serious Democratic challenger to

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Speaker 3: a Democratic president with a low approval rating, and that

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Speaker 3: didn't come to pass. And then I began to think, well,

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Speaker 3: could it be like nineteen sixty eight where you have

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Speaker 3: a raucous convention back in Chicago and have some outcome

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Speaker 3: that's different in the Democratic Party there. But politics has

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Speaker 3: become so sort of performance and predicted, not surprising, you know,

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Speaker 3: in recent years that I don't know, I expect. I

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Speaker 3: guess that we're going to have these two likely candidates

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Speaker 3: nominated without a surprise. I can't imagine that because of

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Speaker 3: the unfavorable ratings, particularly for President Biden, that the Democrats

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Speaker 3: would choose a more viable candidate.

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Speaker 1: All right, let's focus on what we're going to see

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Speaker 1: some theater today down on the border here. We're going

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Speaker 1: to have a president former President Trump and President Biden

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Speaker 1: down there, presumably talking about the immigration situation. Here. Give

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Speaker 1: us your sense of kind of where that is visa

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Speaker 1: v legislation on immigration and legislation on aid to various

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Speaker 1: places around the world that presumably are of importance to

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Speaker 1: the America.

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Speaker 3: Yeah, well, let's start with the border. The border is

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Speaker 3: at an unprecedented crisis, extending way beyond anything we've seen

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Speaker 3: in twenty years of border crossings and lack of control

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Speaker 3: across the border, seven million encounters, probably five to seven

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Speaker 3: one thousand guidaways during that period of time, despite more money,

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Speaker 3: more agents, modern facilities. So this is due to policy

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Speaker 3: decisions made by the Biden administration, which could be corrected

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Speaker 3: by policy decisions implemented by a Biden decision. So I

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Speaker 3: don't think it's per se funding related or even passing

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Speaker 3: a new law. It's about enforcing the existing laws. And

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Speaker 3: over here in the House, House Republicans last year passed

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Speaker 3: HR two, which reforms the immigration system and extends some

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Speaker 3: border security measures that President Trump put in place. And

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Speaker 3: that's what we think we ought to do. So I'm

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Speaker 3: not sure how they're going to be connected.

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Speaker 1: Let's talk about getting some legislation pass. You guys have

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Speaker 1: a job to do what you haven't done. Let's get

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Speaker 1: some legislation pass that deals with the border, deals with

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Speaker 1: the AID. Where are we on terms of you guys

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Speaker 1: getting your job done and getting legislation passed? Where are

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Speaker 1: we there?

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Speaker 3: Well, As I said, we've passed legislation to secure the

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Speaker 3: border and reform the immigration bill. The Senate has not,

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Speaker 3: So let's ended there. If that's where we're going to

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Speaker 3: go on Ukraine, Taiwan, and Israel financial support for their

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Speaker 3: lethal aid to defend their sovereign countries. I fully support it.

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Speaker 3: I think Congress will support it overwhelmingly on a bipartisan basis.

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Speaker 3: We have to put a bill on the floor. Here

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Speaker 3: in the House, We've got three choices. Take up the

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Speaker 3: Senate bill, take up a compromise bill that Brian Fitzpatrick

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Speaker 3: from Pennsylvania has written, or have Leadership for Foreign Affairs,

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Speaker 3: Armed Service as an Intelligence committee, and put their own

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Speaker 3: bill on the floor. And that's what I expect to

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Speaker 3: happen in the next two weeks.

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Speaker 2: Congresson Hill, I want to go to Arkansas here and

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Speaker 2: we say good morning to everybody across the Broad South.

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Speaker 2: It frankly feeds America and provides us huge body of

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Speaker 2: our lumber. I'm going to suggest, with respects, sir, that

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Speaker 2: you have literally the mother of all monopsonies in Arkansas

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Speaker 2: with the dominance of Tyson Foods and yeah, you know

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Speaker 2: you don't need to know the store. You've lived the store.

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Speaker 2: Tell me about the immigrant labor dynamic with a dominant

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Speaker 2: producer like Tyson in Arkansas. Give us a vignette of

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Speaker 2: what you see of an immigrant that wants to work

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Speaker 2: and they don't have a lot of bargaining power because

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Speaker 2: of the dominance of one provider.

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Speaker 3: Well, labor across the state is pretty divided. I mean,

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Speaker 3: Tyson is enormous, but as you know, Tyson works with

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Speaker 3: individual farmers who do a lot of the growing, and

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Speaker 3: so there's labor demands all over the state. And Tyson

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Speaker 3: has chicken process and competitors across the state as well.

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Speaker 3: And that immigrant population that's come in and become citizens

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Speaker 3: and going to work in the agriculture manufacturing business has

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Speaker 3: spread pretty well across the strait, from southwest Arkansas to

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Speaker 3: northeast Arkansas, and I think wayed have risen in that business,

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Speaker 3: and there's always demand for more labor. It's a tough job,

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Speaker 3: so I think it's been a good opportunity for people

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Speaker 3: who've come to the state.

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Speaker 2: What's your council for New York City. I mean, you're

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Speaker 2: a world depart Let's just be honest about it. But Frendchill,

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Speaker 2: you have been in business. What's your wisdom for cities

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Speaker 2: that face a new onslaught of migrants?

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Speaker 3: Will help us get the political will to have a

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Speaker 3: rational border policy. I think all states it's not a

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Speaker 3: cliche to say all states are border states. Now when

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Speaker 3: you've had seven million encounters and about three million people

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Speaker 3: that the Biden administration's allowed in the country waiting to

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Speaker 3: determine if they can stay or not under an asylum claim,

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Speaker 3: and that's what you see in Chicago and New York. Now,

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Speaker 3: we need a rational border policy. Our existing law TIM

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Speaker 3: says that if you're seeking asylum in the United States,

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Speaker 3: you must do it from outside the United States, from

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Speaker 3: a third country. This is a presidential waiver of executive

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Speaker 3: action that causes all these people to come into the

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Speaker 3: country and wait and be paid benefits, even though it's

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Speaker 3: likely that some ninety percent will be deported.

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Speaker 2: Frendshill, we are going to leave it there. Thank you

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Speaker 2: for a terists discussion here on what the nation's facing

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Speaker 2: at the border to day. French Hill is from Arkansas,