1 00:00:02,279 --> 00:00:06,560 Speaker 1: Live from our nation's capital. This is Bloomberg Sound on 2 00:00:07,160 --> 00:00:09,560 Speaker 1: the parties are divided in terms of the effect that 3 00:00:09,600 --> 00:00:12,440 Speaker 1: the stimulus is going to have. This inflation debate has 4 00:00:12,520 --> 00:00:15,360 Speaker 1: really been heating up the effect of what the Biden 5 00:00:15,360 --> 00:00:20,840 Speaker 1: administration is spending on political capital. Bloomberg Sound on the insiders, 6 00:00:20,960 --> 00:00:24,560 Speaker 1: the influencers, the insides, A group of centrists are the 7 00:00:24,680 --> 00:00:28,200 Speaker 1: key Senators to watch. Jill Biden give number one focus 8 00:00:28,200 --> 00:00:31,639 Speaker 1: in addition to the COVID health crisis is jobs. I 9 00:00:31,640 --> 00:00:34,480 Speaker 1: don't quickly have red roads and blue roads, and that's 10 00:00:34,479 --> 00:00:37,559 Speaker 1: the way we're looking at this. Schoomberg Sound On with 11 00:00:37,640 --> 00:00:44,360 Speaker 1: Kevin Shirley on Bloomberg Radio. Stimulus moves one step closer 12 00:00:44,479 --> 00:00:50,360 Speaker 1: to President Biden's desk. Plus how is the pandemic one 13 00:00:50,440 --> 00:00:56,080 Speaker 1: year later impacting veterans? An exclusive interview with the Secretary 14 00:00:56,080 --> 00:00:58,800 Speaker 1: of Veterans Affair Dennis McDonagh, former chief of staff to 15 00:00:58,840 --> 00:01:02,440 Speaker 1: former President Rock Obama. He's on the telephone line and 16 00:01:02,480 --> 00:01:08,360 Speaker 1: we check in with Senator Joanie Ernst on how Biden 17 00:01:08,440 --> 00:01:12,800 Speaker 1: Administration's energy policies are reshaping the Republican Party. A lot 18 00:01:12,840 --> 00:01:14,760 Speaker 1: to get through. My name is Kevin Cerilli. I am 19 00:01:14,800 --> 00:01:18,919 Speaker 1: the Chief Washington correspondent for Bloomberg Television and for Bloomberg Radio, 20 00:01:18,959 --> 00:01:23,679 Speaker 1: accompanied none other than our Bloomberg Politics contributor Jeanie sean 21 00:01:23,959 --> 00:01:27,200 Speaker 1: z No of Iona College. We begin tonight with the 22 00:01:27,240 --> 00:01:31,720 Speaker 1: big story, Biden backs narrow were eligibility on checks to 23 00:01:31,920 --> 00:01:35,839 Speaker 1: speed relief bill. Diving into the Bloomberg terminal, my colleagues 24 00:01:35,959 --> 00:01:40,319 Speaker 1: Laura Litvin and Eric Wasson report, President Joe Biden has 25 00:01:40,360 --> 00:01:46,440 Speaker 1: agreed to moderate democrats demands to narrow eligibility for stimulus checks, 26 00:01:46,760 --> 00:01:50,760 Speaker 1: but rejected a push to trim extra unemployment benefits as 27 00:01:50,760 --> 00:01:53,040 Speaker 1: he tries to win support for his one point nine 28 00:01:53,080 --> 00:01:58,279 Speaker 1: trillion dollar pandemic relief bill. Individuals earning more than eighty 29 00:01:58,280 --> 00:02:03,160 Speaker 1: thousand dollars now won't qualify for the direct payments compared 30 00:02:03,200 --> 00:02:06,520 Speaker 1: with a one hundred thousand dollar cap in the previously 31 00:02:06,640 --> 00:02:10,400 Speaker 1: drafted legislation. The ceiling for couples will now be a 32 00:02:10,480 --> 00:02:14,880 Speaker 1: hundred and sixty thousand dollars previously was two hundred thousand dollars. 33 00:02:15,160 --> 00:02:20,040 Speaker 1: Check start at four hundred dollars before they begin phasing out. 34 00:02:20,560 --> 00:02:24,200 Speaker 1: The likely procedural vote in the House of Representatives could 35 00:02:24,200 --> 00:02:27,040 Speaker 1: come as early as this evening, with a vote in 36 00:02:27,120 --> 00:02:31,040 Speaker 1: the House expected tomorrow. Joining us on the line the 37 00:02:31,120 --> 00:02:35,720 Speaker 1: Secretary of Veterans Affairs Dennis McDonough. He is the previous 38 00:02:36,120 --> 00:02:39,440 Speaker 1: UM Chief of Staff for former President Barack Obama. This 39 00:02:39,520 --> 00:02:43,320 Speaker 1: is his first interview. Mr. Secretary, Thank you for coming 40 00:02:43,360 --> 00:02:46,240 Speaker 1: on this program. Uh I put this question to Secretary 41 00:02:46,240 --> 00:02:48,079 Speaker 1: Buddha Gedge the other week and and it's my first 42 00:02:48,160 --> 00:02:52,000 Speaker 1: question for you. How important is this stimulus for underserved 43 00:02:52,000 --> 00:02:56,280 Speaker 1: communities like veterans? Kevin, thanks so much for having me. 44 00:02:56,800 --> 00:02:59,200 Speaker 1: It's really good to be with you. Look, it's really 45 00:02:59,240 --> 00:03:03,640 Speaker 1: important for the Veterans Affairs Department for the following reason. 46 00:03:04,160 --> 00:03:08,520 Speaker 1: Where we have seventeen billion dollars requested in that package, 47 00:03:08,880 --> 00:03:11,840 Speaker 1: fourteen and a half billion of that money will be 48 00:03:11,919 --> 00:03:15,880 Speaker 1: dedicated to the provision of health services to our veterans. 49 00:03:15,919 --> 00:03:21,640 Speaker 1: So that obviously includes vaccination against COVID nineteen, but it 50 00:03:21,680 --> 00:03:25,760 Speaker 1: also includes us being able to update dated facilities. You know, 51 00:03:25,880 --> 00:03:30,040 Speaker 1: the average v A hospital something like fifty nine years old. 52 00:03:30,360 --> 00:03:35,360 Speaker 1: So things like better HVAC systems, zero pressure rooms, things 53 00:03:35,400 --> 00:03:37,800 Speaker 1: that you need when you're dealing with an infectious disease 54 00:03:37,880 --> 00:03:42,080 Speaker 1: like COVID are really important. Lastly, last year, we had 55 00:03:42,080 --> 00:03:49,640 Speaker 1: something between nineteen and twenty million delayed, changed postponed appointments 56 00:03:49,680 --> 00:03:52,960 Speaker 1: for our veterans, that is to say, doctor deployment. So 57 00:03:53,000 --> 00:03:57,720 Speaker 1: we're we're going to have a challenge in meeting deferred 58 00:03:57,920 --> 00:04:02,080 Speaker 1: care costs and less Congress than actually uh this important 59 00:04:02,160 --> 00:04:04,880 Speaker 1: statu statute, so when they do, we'll be able to 60 00:04:04,880 --> 00:04:07,880 Speaker 1: make sure that we take care of the important costs 61 00:04:07,880 --> 00:04:10,560 Speaker 1: associated with care for our event. You know, I think 62 00:04:10,600 --> 00:04:13,840 Speaker 1: this is a really important question, especially as we get 63 00:04:13,920 --> 00:04:18,800 Speaker 1: so much positive news in terms of reopening, both from 64 00:04:18,960 --> 00:04:24,320 Speaker 1: the scientists and at the CDC with regards to vaccinations 65 00:04:24,360 --> 00:04:27,120 Speaker 1: and the data on how many people have been vaccinated 66 00:04:27,200 --> 00:04:30,599 Speaker 1: now more Americans have been vaccinated than have actually been 67 00:04:31,080 --> 00:04:33,839 Speaker 1: uh that we've seen in terms of cases of COVID nineteen. 68 00:04:34,200 --> 00:04:38,160 Speaker 1: But also on the economic front, as Goldman Sacks for example, 69 00:04:38,240 --> 00:04:42,880 Speaker 1: have revised their end of the year economic indicators for 70 00:04:43,040 --> 00:04:45,280 Speaker 1: more jobs being created at the end of the year 71 00:04:45,440 --> 00:04:49,880 Speaker 1: as the reopenings continue. But specifically to the veterans community, 72 00:04:49,960 --> 00:04:54,559 Speaker 1: especially those listening right now who are perhaps apprehensive about 73 00:04:54,600 --> 00:04:59,240 Speaker 1: getting vaccinated. Mr Secretary, what would you tell them, Well, like, 74 00:04:59,320 --> 00:05:02,599 Speaker 1: we've we've vaccinated about a little over a million and 75 00:05:02,600 --> 00:05:08,160 Speaker 1: a half veterans already, and the experience of those veterans, 76 00:05:08,200 --> 00:05:12,479 Speaker 1: including those who President Biden saw get vaccinated today at 77 00:05:12,520 --> 00:05:16,120 Speaker 1: the Washington d c v A Medical Center, it has 78 00:05:16,160 --> 00:05:20,200 Speaker 1: been overwhelmingly positive. That is to say, very few if 79 00:05:20,240 --> 00:05:25,800 Speaker 1: any side effects of the vaccinations and then obviously increased 80 00:05:25,839 --> 00:05:28,919 Speaker 1: flexibility of the in their personal lives of the type 81 00:05:28,960 --> 00:05:33,000 Speaker 1: that you suggest, Kevin, after the CDC guidelines today about 82 00:05:33,080 --> 00:05:38,040 Speaker 1: what vaccinated individuals can safely do. So we think that 83 00:05:38,120 --> 00:05:41,280 Speaker 1: it's really important that they get the vaccine. I think 84 00:05:41,320 --> 00:05:45,200 Speaker 1: the experience to date has been very positive UM, and 85 00:05:45,520 --> 00:05:47,880 Speaker 1: it's going to create new opportunities for us. I'll just 86 00:05:47,880 --> 00:05:51,640 Speaker 1: say one additional thing about the American rescue plans. We 87 00:05:51,720 --> 00:05:53,359 Speaker 1: do have a lot of vets who have been forced 88 00:05:53,360 --> 00:05:57,960 Speaker 1: into unemployment because as a result of UM the pandemic. 89 00:05:58,640 --> 00:06:01,479 Speaker 1: We have a lot of UH. In fact, in this 90 00:06:01,800 --> 00:06:05,080 Speaker 1: in this bill will be a significant new investment in 91 00:06:05,640 --> 00:06:08,679 Speaker 1: retraining and rescaling opportunities for vets who have been forced 92 00:06:08,680 --> 00:06:11,599 Speaker 1: into unemployment. So this is a bill that provides a 93 00:06:11,600 --> 00:06:14,120 Speaker 1: lot of answers where at the moment, some of our 94 00:06:14,160 --> 00:06:17,480 Speaker 1: vets have a lot of questions. Mr Secretary, this is Uh, 95 00:06:17,680 --> 00:06:20,280 Speaker 1: this is an uncomfortable question, but I think it's an 96 00:06:20,320 --> 00:06:23,120 Speaker 1: important one, and it's one that I've been asking policy 97 00:06:23,160 --> 00:06:27,080 Speaker 1: makers and both parties and and you just alluded to it, 98 00:06:27,279 --> 00:06:29,120 Speaker 1: and I respect, I have a lot of respect for that. 99 00:06:29,160 --> 00:06:33,000 Speaker 1: A lot of these jobs that were lost in the 100 00:06:33,040 --> 00:06:36,960 Speaker 1: middle of the pandemic unfortunately might not come back, or 101 00:06:37,360 --> 00:06:41,200 Speaker 1: if they do come back, it might take longer than 102 00:06:41,240 --> 00:06:44,440 Speaker 1: people and families have to wait. You know, you've served 103 00:06:45,120 --> 00:06:49,800 Speaker 1: uh in the National Security Council, You've served in government 104 00:06:49,920 --> 00:06:55,000 Speaker 1: for and multiple multiple capacities, including as the principal Deputy 105 00:06:55,040 --> 00:06:59,040 Speaker 1: National Security Advisor. As a part of this stimulus bill, 106 00:06:59,760 --> 00:07:03,560 Speaker 1: how crucial is it that we're preparing for the post 107 00:07:03,600 --> 00:07:10,080 Speaker 1: pandemic economy to create new sectors and new opportunities for 108 00:07:10,320 --> 00:07:15,480 Speaker 1: not just veterans but all Americans. Well, look, I think 109 00:07:15,520 --> 00:07:19,240 Speaker 1: that's a big that's a big push that the President 110 00:07:19,280 --> 00:07:22,440 Speaker 1: and the White House are making with a significant focus 111 00:07:22,520 --> 00:07:27,000 Speaker 1: on learning the lessons about um what uh you know, 112 00:07:27,600 --> 00:07:31,920 Speaker 1: um frailty we had in our supply chains to make 113 00:07:31,960 --> 00:07:36,160 Speaker 1: sure that uh we can rely on our own capabilities 114 00:07:36,680 --> 00:07:42,120 Speaker 1: when it comes to critical questions, UH like chips for 115 00:07:42,240 --> 00:07:46,120 Speaker 1: us going forward on big questions of technology and that 116 00:07:46,680 --> 00:07:49,440 Speaker 1: the challenge that we face with China. But here's what 117 00:07:49,520 --> 00:07:53,240 Speaker 1: I think also, Kevin, which is that vets have proven 118 00:07:53,280 --> 00:07:57,120 Speaker 1: themselves in some of the most demanding areas, UH, in 119 00:07:57,200 --> 00:08:00,840 Speaker 1: our economy or in the world. So, yeah, there's gonna 120 00:08:00,840 --> 00:08:04,480 Speaker 1: be new jobs and work will look different after the pandemic. 121 00:08:04,680 --> 00:08:07,320 Speaker 1: But here's what I know about vets. They've proven themselves 122 00:08:07,400 --> 00:08:12,120 Speaker 1: on the battlefield. They've proven themselves with remarkable skills, and 123 00:08:12,240 --> 00:08:16,760 Speaker 1: that ability to handle pressure, that ability to improvise UH 124 00:08:16,800 --> 00:08:19,640 Speaker 1: and to innovate is going to be required in any 125 00:08:19,720 --> 00:08:22,920 Speaker 1: kind of UH new job scenario that we find ourselves 126 00:08:22,920 --> 00:08:28,080 Speaker 1: in post pandemic. Secretary Dennis mcdonne's with US of Veterans Affairs. 127 00:08:28,160 --> 00:08:31,640 Speaker 1: Should we be encouraging the private sector or how should 128 00:08:31,680 --> 00:08:35,680 Speaker 1: we be encouraging the private sector to make sure that 129 00:08:35,679 --> 00:08:38,559 Speaker 1: that they are are are seeing the totality of what 130 00:08:38,640 --> 00:08:43,280 Speaker 1: an American veteran has to offer. Well, we're seeing We've 131 00:08:43,320 --> 00:08:46,240 Speaker 1: we've seen good progress on that with someone with many 132 00:08:46,240 --> 00:08:49,640 Speaker 1: of our partners working with us here and from the 133 00:08:49,679 --> 00:08:53,839 Speaker 1: private sector, UH, you know, working with places like UH, 134 00:08:54,040 --> 00:08:58,600 Speaker 1: the American Chamber, with Walmart, UH, with many others to 135 00:08:58,679 --> 00:09:03,199 Speaker 1: make sure that they recognize the skills that that's bring 136 00:09:03,559 --> 00:09:07,439 Speaker 1: UH through the workplace. The other challenges making sure that 137 00:09:08,320 --> 00:09:13,000 Speaker 1: we are really discerning about recognizing that the capacities that 138 00:09:13,120 --> 00:09:16,679 Speaker 1: are vet's developed on the job in the military should 139 00:09:16,760 --> 00:09:19,480 Speaker 1: be given credit in the private sector. So when we're 140 00:09:19,480 --> 00:09:25,600 Speaker 1: looking at requirements for additional certifications UH for UH guys 141 00:09:25,640 --> 00:09:28,599 Speaker 1: who have done things like the E M T S 142 00:09:28,720 --> 00:09:33,480 Speaker 1: or medics on the field of battles, those skills should 143 00:09:33,480 --> 00:09:39,120 Speaker 1: be recognized UH in states across the country as deployable 144 00:09:39,240 --> 00:09:41,720 Speaker 1: now in places that we need them. I didn't know 145 00:09:41,760 --> 00:09:45,320 Speaker 1: this about your secretary McDonough, but you played safety on 146 00:09:45,640 --> 00:09:50,080 Speaker 1: these Johnny's football team for Hall of Fame coach John Gagliardi. 147 00:09:50,559 --> 00:09:55,600 Speaker 1: What's the best lesson that the coach taught you? The 148 00:09:55,640 --> 00:09:58,080 Speaker 1: best lesson was that he called us all by his 149 00:09:58,520 --> 00:10:00,920 Speaker 1: by our first names. That for day we turned up 150 00:10:01,720 --> 00:10:04,160 Speaker 1: UH and you know, if we called him coach, he 151 00:10:04,200 --> 00:10:06,679 Speaker 1: would call us player. But if they called him John, 152 00:10:06,679 --> 00:10:08,520 Speaker 1: he could call us by our first names, which was 153 00:10:09,000 --> 00:10:12,760 Speaker 1: a recognition of his the fact that he saw each 154 00:10:12,800 --> 00:10:16,920 Speaker 1: of his individual players as UH individual contributors to a 155 00:10:17,280 --> 00:10:21,120 Speaker 1: to a broader effort. And so I'll forever remember the 156 00:10:21,200 --> 00:10:24,240 Speaker 1: great respect he showed us and his winning ways. You know, 157 00:10:24,280 --> 00:10:26,959 Speaker 1: four hunder naty three wins, that's a lot of them. 158 00:10:27,000 --> 00:10:31,520 Speaker 1: That's awesome. And on International Women's Day, who is a 159 00:10:31,559 --> 00:10:37,880 Speaker 1: female in your life that you've taken a business lesson from? Well, 160 00:10:37,960 --> 00:10:43,319 Speaker 1: we're we announced in our message to our Women's Day message, 161 00:10:43,320 --> 00:10:46,679 Speaker 1: in our Women's History Month message today that our new 162 00:10:46,760 --> 00:10:50,199 Speaker 1: Chief of Staff, Kanya Bradshaw will be joining us next week. 163 00:10:50,640 --> 00:10:54,320 Speaker 1: UH tenure Tenua is a twenty year Army veteran, UH 164 00:10:54,440 --> 00:11:00,440 Speaker 1: combat veteran from UH you know, UH multi generation UH 165 00:11:00,840 --> 00:11:05,800 Speaker 1: veteran family. Her grandpa and her dad both Army vets. 166 00:11:06,640 --> 00:11:09,200 Speaker 1: So she's going to be great in that job and 167 00:11:09,280 --> 00:11:12,480 Speaker 1: she's gonna bring to it that kind of skill that 168 00:11:12,559 --> 00:11:15,959 Speaker 1: she developed over twenty years in the Army. Secretary Dennis 169 00:11:16,040 --> 00:11:19,600 Speaker 1: mcdonnah very much, appreciate your time, sir, Thank you for 170 00:11:19,600 --> 00:11:23,559 Speaker 1: for coming on this program. And coming up we speak 171 00:11:23,600 --> 00:11:27,360 Speaker 1: with another combat veterans, Senator Joanie Ernst. Remember you can 172 00:11:27,360 --> 00:11:30,760 Speaker 1: download the Bloomberg Sound On podcast on Apple iTunes, at 173 00:11:30,800 --> 00:11:33,920 Speaker 1: Bloomberg dot com or by downloading the Bloomberg Business app. 174 00:11:34,240 --> 00:11:36,920 Speaker 1: And you can also find much more of my colleagues 175 00:11:36,960 --> 00:11:40,439 Speaker 1: reporting on the Bloomberg terminal. I'm Kevin Cirelli, chief Washington 176 00:11:40,440 --> 00:11:43,920 Speaker 1: correspondent for Bloomberg Television and for Bloomberg Radio. This is 177 00:11:43,920 --> 00:12:08,280 Speaker 1: Bloomberg Radio. This is Bloomberg Sound On with Kevin Sill 178 00:12:08,760 --> 00:12:12,880 Speaker 1: on Bloomberg Radio. My name is Kevin Curreli. I am 179 00:12:12,880 --> 00:12:16,720 Speaker 1: the chief Washington correspondent for Bloomberg Television and for Bloomberg Radio. 180 00:12:16,760 --> 00:12:21,240 Speaker 1: Accompanying by Bloomberg Politics contributor Jennie Sean Zano Genie, I 181 00:12:21,360 --> 00:12:26,160 Speaker 1: thought it was really interesting to hear Secretary McDonough, with 182 00:12:26,200 --> 00:12:32,640 Speaker 1: all of his national intelligence experience, raise the issue of 183 00:12:33,200 --> 00:12:36,839 Speaker 1: supply change and the semiconductor chips and the impact that 184 00:12:36,840 --> 00:12:40,520 Speaker 1: that could have on manufacturing jobs in the United States 185 00:12:40,679 --> 00:12:43,600 Speaker 1: as we emerge out of this pandemic. It was I 186 00:12:43,640 --> 00:12:46,120 Speaker 1: thought that as well. And it's interesting because he's the 187 00:12:46,160 --> 00:12:49,319 Speaker 1: first non Vet to head that department. But he's also 188 00:12:49,400 --> 00:12:53,000 Speaker 1: somebody who worked for the Markel Foundation, which focuses on 189 00:12:53,040 --> 00:12:56,719 Speaker 1: transforming the labor market, and so I thought the same thing. 190 00:12:56,840 --> 00:13:00,280 Speaker 1: This is somebody that fits right in with obviously Joe 191 00:13:00,320 --> 00:13:05,760 Speaker 1: Biden's wheelhouse, which is the focus on jobs in the economy, 192 00:13:05,840 --> 00:13:08,440 Speaker 1: and he raised a really important point in that context, 193 00:13:08,480 --> 00:13:11,880 Speaker 1: a lot of these veterans forced unemployment because of the pandemic. 194 00:13:12,200 --> 00:13:15,520 Speaker 1: That fourteen billion plus or seventeen billion you talked about 195 00:13:15,520 --> 00:13:19,480 Speaker 1: at the top critically important for health, but also transitioning 196 00:13:19,600 --> 00:13:23,600 Speaker 1: and retraining them so they could move into a digital economy. Okay, 197 00:13:23,640 --> 00:13:25,800 Speaker 1: let's stick with this conversation on the supply chain because 198 00:13:25,800 --> 00:13:28,640 Speaker 1: we're joined by an emerging leader of the Democratic Party, 199 00:13:28,640 --> 00:13:33,880 Speaker 1: Congresswoman Sarah Jacobs. She is a Democrat representing California's fifty 200 00:13:34,080 --> 00:13:39,920 Speaker 1: third congressional district, San Diego. Her name is Congresswoman Sarah Jacobs. Congresswoman, 201 00:13:39,960 --> 00:13:42,600 Speaker 1: thank you for joining us. I want to talk specifically 202 00:13:42,600 --> 00:13:48,079 Speaker 1: about the supply chains, supply chains and semiconductor chips as 203 00:13:48,120 --> 00:13:52,360 Speaker 1: a part of this emerging recovery. You, of course, are 204 00:13:52,400 --> 00:13:56,599 Speaker 1: a member of the Committee on Foreign Affairs, House Armed Services, 205 00:13:56,679 --> 00:14:00,480 Speaker 1: and the Democratic Steering and Policy Committee US. So how 206 00:14:00,520 --> 00:14:04,800 Speaker 1: crucial is is that going to be for manufacturing jobs 207 00:14:04,800 --> 00:14:08,040 Speaker 1: to come back? Well, first of all, thank you so 208 00:14:08,120 --> 00:14:10,280 Speaker 1: much for having me. I think it's going to be 209 00:14:10,360 --> 00:14:14,040 Speaker 1: incredibly important. You know, I represent San Diego, which is 210 00:14:14,040 --> 00:14:16,880 Speaker 1: a big keep hub, and as you mentioned, sit on 211 00:14:16,920 --> 00:14:19,880 Speaker 1: the Manee on Foreign Affairs and as we're looking at 212 00:14:19,880 --> 00:14:25,880 Speaker 1: our geopolitical reality, as we're looking at potential competition with China. Truthfully, 213 00:14:26,160 --> 00:14:28,440 Speaker 1: the thing that's going to be the most important is 214 00:14:28,480 --> 00:14:32,040 Speaker 1: making sure we remain competitive and make the domestic investments 215 00:14:32,040 --> 00:14:34,320 Speaker 1: we need to to be on the cutting edge of 216 00:14:34,360 --> 00:14:37,320 Speaker 1: science and technology and high tech manufacturing to be able 217 00:14:37,320 --> 00:14:39,640 Speaker 1: to compete on the world stage. So what do you 218 00:14:39,680 --> 00:14:42,960 Speaker 1: what needs to be done from a policy making standpoint? 219 00:14:43,600 --> 00:14:47,560 Speaker 1: President Biden signing those executive orders the other week calling 220 00:14:47,680 --> 00:14:52,200 Speaker 1: on a review, urging congressional leaders like yourself to develop 221 00:14:52,320 --> 00:14:55,600 Speaker 1: bipartisan legislation. So what needs to be done from a 222 00:14:55,640 --> 00:14:59,240 Speaker 1: policy making standpoint? Well, first of all, I thanks, we 223 00:14:59,280 --> 00:15:01,360 Speaker 1: need to see the first Also the review. I think 224 00:15:01,400 --> 00:15:05,160 Speaker 1: it's important that we're making evidence base and data driven decisions. 225 00:15:05,200 --> 00:15:07,880 Speaker 1: As we're doing that, we know a big part of 226 00:15:07,880 --> 00:15:10,000 Speaker 1: this will be making sure that we're investing in our 227 00:15:10,080 --> 00:15:12,960 Speaker 1: higher education, in training the workforce that we're going to 228 00:15:13,000 --> 00:15:16,240 Speaker 1: need for the future, and making sure that we're having 229 00:15:16,320 --> 00:15:21,200 Speaker 1: by anerical provisions for our difference precernment for instance, UM 230 00:15:21,320 --> 00:15:25,240 Speaker 1: and making sure that our tax code UH is incentivizing 231 00:15:25,320 --> 00:15:29,680 Speaker 1: innovation instead dividing on shoring manufacturing. UM There's a lot 232 00:15:29,680 --> 00:15:32,080 Speaker 1: we'll have to do, but I'm confident that, you know, 233 00:15:32,240 --> 00:15:34,360 Speaker 1: with President Biden and support, will be able to get 234 00:15:34,360 --> 00:15:38,680 Speaker 1: it done in a bipartisan way. Go ahead. Representative Jacob's 235 00:15:38,680 --> 00:15:41,680 Speaker 1: Happy International Women's Day. It's lovely to talk to you. 236 00:15:41,800 --> 00:15:44,840 Speaker 1: This is Genie Zano from New York, and I wanted 237 00:15:44,880 --> 00:15:47,360 Speaker 1: to just ask you as you and Kevin talk about 238 00:15:47,440 --> 00:15:51,120 Speaker 1: these issues, it do you think up next in terms 239 00:15:51,200 --> 00:15:55,640 Speaker 1: of what the House takes on should be infrastructure? Immigration? 240 00:15:56,200 --> 00:15:58,600 Speaker 1: What are you thinking should be up next? And how 241 00:15:58,640 --> 00:16:02,240 Speaker 1: are you going to pay for it? Yeah? Well, I'm 242 00:16:02,320 --> 00:16:04,840 Speaker 1: very excited that we're going to task the final version 243 00:16:04,880 --> 00:16:07,520 Speaker 1: of the American Rescue Plan this week. I think it's 244 00:16:07,560 --> 00:16:10,120 Speaker 1: exactly what we need. I was just back home in 245 00:16:10,200 --> 00:16:12,680 Speaker 1: my district. It's exactly what my district needs to get, 246 00:16:13,000 --> 00:16:15,440 Speaker 1: you know, vaccines into people's arms, and kids back in 247 00:16:15,480 --> 00:16:18,240 Speaker 1: school and people back in jobs in our small business 248 00:16:18,240 --> 00:16:21,080 Speaker 1: stops continuing. Uh, And I think next will be thinking 249 00:16:21,120 --> 00:16:23,280 Speaker 1: about how we need to rebuild our economy. So I'm 250 00:16:23,320 --> 00:16:26,160 Speaker 1: excited that we have some immigration bills we're going to 251 00:16:26,240 --> 00:16:29,760 Speaker 1: be working on. I am excited that we're looking at infrastructure. 252 00:16:30,040 --> 00:16:32,800 Speaker 1: In my opinion, as we look at the economics crisis 253 00:16:32,880 --> 00:16:36,680 Speaker 1: we're facing. We know that it's impacted by and and 254 00:16:36,760 --> 00:16:39,160 Speaker 1: even more women of color, and so as we think 255 00:16:39,200 --> 00:16:41,680 Speaker 1: about infrastructure, I think we also need to be thinking 256 00:16:41,680 --> 00:16:44,840 Speaker 1: about the social infrastructure of our society and making sure 257 00:16:44,840 --> 00:16:48,280 Speaker 1: we're investing in the care economy, in childcare, in these 258 00:16:48,360 --> 00:16:50,720 Speaker 1: kinds of jobs that are typically held by women and 259 00:16:50,760 --> 00:16:52,760 Speaker 1: we know are really important to make sure that women 260 00:16:52,760 --> 00:16:55,640 Speaker 1: can stay in the workforce. I want to follow up 261 00:16:56,040 --> 00:16:58,960 Speaker 1: on that, on that great question, and especially as it 262 00:16:59,000 --> 00:17:02,440 Speaker 1: relates to just making sure in this rebuilt economy that 263 00:17:02,480 --> 00:17:07,840 Speaker 1: America balances those national security concerns. You represent San Diego, 264 00:17:08,080 --> 00:17:11,760 Speaker 1: high tech jobs, high tech manufacturing jobs in your district. 265 00:17:11,760 --> 00:17:15,520 Speaker 1: Your uncle actually was the former CEO and chairman of Qualcom. 266 00:17:16,040 --> 00:17:20,600 Speaker 1: How do you balance the national security concerns while also 267 00:17:20,640 --> 00:17:26,879 Speaker 1: in a global economy, while also promoting manufacturing domestic jobs. Well, 268 00:17:26,920 --> 00:17:29,600 Speaker 1: I actually don't think there's a contradiction at all, because, 269 00:17:29,640 --> 00:17:32,200 Speaker 1: as I said, the most important thing we can do 270 00:17:32,920 --> 00:17:35,960 Speaker 1: as we look at competing with a rise in China 271 00:17:36,359 --> 00:17:40,399 Speaker 1: is making sure that we're maintaining our domestic competitiveness, making 272 00:17:40,400 --> 00:17:43,600 Speaker 1: sure our economy is continuing to grow, that we're continuing 273 00:17:43,600 --> 00:17:47,080 Speaker 1: to be on the forefront of innovation and new technologies. 274 00:17:47,320 --> 00:17:49,320 Speaker 1: That's what's really going to make sure that we win 275 00:17:49,400 --> 00:17:52,720 Speaker 1: this geopolitical fight and maintain our leadership around the world. 276 00:17:53,160 --> 00:17:57,120 Speaker 1: Happy International Women's Day. Biggest surprise about being a new 277 00:17:57,160 --> 00:18:01,399 Speaker 1: member of Congress, but well, the ill armed interruption that 278 00:18:01,440 --> 00:18:07,080 Speaker 1: happened on my fourth day. That's a big one. I'll say, um, 279 00:18:07,119 --> 00:18:11,040 Speaker 1: you know, something outside I think a certain day, But really, 280 00:18:11,080 --> 00:18:14,280 Speaker 1: all of my colleagues have been so welcoming. I'm friendly 281 00:18:14,840 --> 00:18:17,960 Speaker 1: and really looking out for us, and just having that 282 00:18:18,000 --> 00:18:20,520 Speaker 1: sense of camaraderie and and really knowing my colleagues had 283 00:18:20,600 --> 00:18:24,400 Speaker 1: my back has been a really nice surprise. Congresswoman Sarah Jacobs, 284 00:18:24,440 --> 00:18:27,320 Speaker 1: Democrat from San Diego, thank you so much, Concresswoman for 285 00:18:27,320 --> 00:18:29,359 Speaker 1: for your time. Please come back on and update us, 286 00:18:29,400 --> 00:18:32,680 Speaker 1: especially on these important supply chain issues coming up next. 287 00:18:33,080 --> 00:18:44,639 Speaker 1: Senator John Ord stop Kevin Surreally, this is Bloomberg. My 288 00:18:44,760 --> 00:18:47,040 Speaker 1: name is Kevin Cereally. I am the chief Washington correspondent 289 00:18:47,080 --> 00:18:51,359 Speaker 1: for Bloomberg TV and Radio. Accompanied by my colleague, Bloomberg 290 00:18:51,400 --> 00:18:54,680 Speaker 1: Politics contributor Jeanie Shanzano. Jeanie, do I sound a little 291 00:18:54,680 --> 00:18:58,359 Speaker 1: tired today? You don't sound tired to me, but I 292 00:18:58,440 --> 00:19:02,080 Speaker 1: assume that you've been very active this weekend. Well, well, 293 00:19:02,119 --> 00:19:06,520 Speaker 1: I went home. It was my niece's uh baptism, and 294 00:19:06,560 --> 00:19:08,040 Speaker 1: I got to see my dad. You know, he gives 295 00:19:08,040 --> 00:19:10,040 Speaker 1: the best advice. But I was actually up late, and 296 00:19:10,040 --> 00:19:12,760 Speaker 1: I'm I guess I'm a little insecure because I didn't 297 00:19:12,760 --> 00:19:15,440 Speaker 1: want to sound tired because I was watching that Megan 298 00:19:15,520 --> 00:19:20,960 Speaker 1: Markle interview. I should have guessed. I Well, I told 299 00:19:20,960 --> 00:19:24,159 Speaker 1: Barata the EP. I said, Bat, we gotta do a 300 00:19:24,160 --> 00:19:26,600 Speaker 1: whole show on it. She goes, Kevin, I'm raining the in, buddy, 301 00:19:26,680 --> 00:19:28,760 Speaker 1: I'm raining the in. Walk it back, walk it back. 302 00:19:29,080 --> 00:19:33,000 Speaker 1: But it was riveting. Did you watch it? I did, 303 00:19:33,119 --> 00:19:35,760 Speaker 1: and then I ended up having to go to sleep earlier. 304 00:19:35,800 --> 00:19:37,960 Speaker 1: So I watched the rest of it today because I 305 00:19:37,960 --> 00:19:40,679 Speaker 1: couldn't be left out, and you know, so much of it. 306 00:19:40,720 --> 00:19:43,000 Speaker 1: I guess what I'm waiting to see is Number one, 307 00:19:43,040 --> 00:19:46,440 Speaker 1: do we find out who said that about the baby's 308 00:19:46,480 --> 00:19:51,359 Speaker 1: skin color? And then does the Palace respond? At least 309 00:19:51,400 --> 00:19:54,000 Speaker 1: as of today, I haven't heard they've responded, And it's 310 00:19:54,040 --> 00:19:57,520 Speaker 1: playing in the UK today. First day of my life. 311 00:19:57,960 --> 00:20:02,200 Speaker 1: I went on to Pierce Morgan's Twitter account, and I 312 00:20:02,760 --> 00:20:06,280 Speaker 1: watched his show. I wanted to ask Pharaoh about it, 313 00:20:06,320 --> 00:20:08,800 Speaker 1: but I digress. You know, maybe maybe tomorrow will give 314 00:20:08,840 --> 00:20:13,280 Speaker 1: me the inside scoop. Riveting television just fascinating, does it 315 00:20:13,440 --> 00:20:18,359 Speaker 1: every time? Remember the Lance Armstrong interview I remember, not 316 00:20:18,480 --> 00:20:21,680 Speaker 1: years ago. Yeah, I can rewatch that now. She's she's 317 00:20:21,800 --> 00:20:23,679 Speaker 1: she's Oprah for a reason. Let's put it that way. 318 00:20:23,680 --> 00:20:26,480 Speaker 1: Sho we talk about inflation? Should we talk about inflation? 319 00:20:26,600 --> 00:20:31,480 Speaker 1: Let's move on? Um Yelling says inflation problem unlikely to 320 00:20:31,600 --> 00:20:36,399 Speaker 1: result from stimulus. How's that for a pivot? Treasury Secretary 321 00:20:36,480 --> 00:20:40,480 Speaker 1: Janet Yellen dismissed fears the President Biden's one point nine 322 00:20:40,560 --> 00:20:43,679 Speaker 1: shrillion dollar pandemic relief bill is so big that it 323 00:20:43,720 --> 00:20:47,679 Speaker 1: will cause an inflation problem, As she told MSNBC, I 324 00:20:47,720 --> 00:20:50,720 Speaker 1: really don't think that's going to happen. And she went 325 00:20:50,760 --> 00:20:53,320 Speaker 1: on to say that she thought inflation before the pandemic 326 00:20:53,440 --> 00:20:58,520 Speaker 1: was too low rather than too high. Let's take a 327 00:20:58,560 --> 00:21:01,879 Speaker 1: listen to sound on this from actually President Biden and 328 00:21:01,960 --> 00:21:05,919 Speaker 1: President Biden, who visited the v A Hospital earlier today. Uh. 329 00:21:06,080 --> 00:21:09,439 Speaker 1: He continued to say that he believes the recovery is 330 00:21:09,520 --> 00:21:13,159 Speaker 1: moving along quickly, but you have to say vigilant. Here 331 00:21:13,359 --> 00:21:16,840 Speaker 1: is I learned from the recovery. You gotta be hands on. 332 00:21:18,320 --> 00:21:22,119 Speaker 1: The detail doesn't really matter. I meanwhile, Jensaki, at her 333 00:21:22,160 --> 00:21:26,120 Speaker 1: White House press briefing was also asked about getting support 334 00:21:26,200 --> 00:21:29,720 Speaker 1: for the legislation that passed in the Senate. Remember that 335 00:21:29,880 --> 00:21:33,119 Speaker 1: key vote expected back in the House tomorrow. Here's the 336 00:21:33,160 --> 00:21:35,240 Speaker 1: sound on that. I would say, we feel it's on 337 00:21:35,280 --> 00:21:39,680 Speaker 1: a path to passing the House, and certainly Speaker Pelosi 338 00:21:39,720 --> 00:21:42,280 Speaker 1: has spoken to that. But we are at the ready. 339 00:21:42,440 --> 00:21:45,879 Speaker 1: Everybody's on call whenever they're needed, and that certainly applies 340 00:21:45,920 --> 00:21:48,760 Speaker 1: to the president. So it looks like it's smooth sailing. Jeannzano, 341 00:21:49,320 --> 00:21:51,800 Speaker 1: it is, and and we know this because now the 342 00:21:51,840 --> 00:21:54,840 Speaker 1: President has scheduled, as you know, a primetime address on 343 00:21:54,880 --> 00:21:58,560 Speaker 1: Thursday to tell and it really is a historic achievement 344 00:21:58,600 --> 00:22:01,600 Speaker 1: for the administration, one of the largest bills in history 345 00:22:01,600 --> 00:22:04,879 Speaker 1: at one point nine trillion dollars, and remarkable to me 346 00:22:05,359 --> 00:22:08,560 Speaker 1: that it is pretty much exactly what he promised when 347 00:22:08,600 --> 00:22:11,120 Speaker 1: he was president elect. And as you know better than 348 00:22:11,160 --> 00:22:15,119 Speaker 1: I do, that's seldom happened. So a huge achievement. And 349 00:22:15,160 --> 00:22:17,520 Speaker 1: I think one of the big questions I have is 350 00:22:17,560 --> 00:22:20,000 Speaker 1: what do they do going forward, As we just asked 351 00:22:20,240 --> 00:22:23,520 Speaker 1: Representative Jacobs, is that immigration infrastructure? And can they do 352 00:22:23,560 --> 00:22:29,400 Speaker 1: it without Bilibuster reform? Can they get ten Republicans? You know, reconciliation, 353 00:22:29,880 --> 00:22:32,120 Speaker 1: you know, maybe they're going to use that. We heard 354 00:22:32,160 --> 00:22:35,119 Speaker 1: some Joe Mansion maybe expressing some support for that. But 355 00:22:35,520 --> 00:22:38,080 Speaker 1: this is a historic achievement for the president and he's 356 00:22:38,080 --> 00:22:40,440 Speaker 1: going to be touting this on Thursday night. Well, and 357 00:22:40,760 --> 00:22:45,080 Speaker 1: of course there are just so many procedural steps ahead 358 00:22:45,119 --> 00:22:49,520 Speaker 1: of that, including procedural steps this evening vote tomorrow, and 359 00:22:49,520 --> 00:22:52,840 Speaker 1: and and the question that I get most about this 360 00:22:52,880 --> 00:22:56,439 Speaker 1: bill is the stimulus check eligibility. So let's just go 361 00:22:56,520 --> 00:22:59,960 Speaker 1: over that quickly. The stimulus checks start at four dollar 362 00:23:00,080 --> 00:23:04,600 Speaker 1: lurs um, and individuals who earn more than eighty thousand 363 00:23:04,680 --> 00:23:08,880 Speaker 1: dollars annually will not qualify. Previously it was a hundred 364 00:23:08,880 --> 00:23:12,639 Speaker 1: thousand dollars in the previous draft. Now that is eighty 365 00:23:12,640 --> 00:23:16,359 Speaker 1: thousand dollars annually. Those earning more than eighty thousand dollars 366 00:23:16,400 --> 00:23:20,159 Speaker 1: annually will not qualify for the stimulus checks. And the 367 00:23:20,200 --> 00:23:24,920 Speaker 1: ceiling for couples has been now lower to a hundred 368 00:23:24,960 --> 00:23:28,320 Speaker 1: and sixty thousand dollars, and the previous draft it was 369 00:23:28,359 --> 00:23:32,080 Speaker 1: two hundred thousand dollars for couples. You know, Jennie, as 370 00:23:32,080 --> 00:23:35,240 Speaker 1: we look at the post stimulus Congress, I don't think 371 00:23:35,240 --> 00:23:39,280 Speaker 1: it's too early to do that. But progressives are upset. 372 00:23:39,480 --> 00:23:41,919 Speaker 1: I spoke with several of them on background over the weekend. 373 00:23:42,320 --> 00:23:45,159 Speaker 1: They're upset. They feel that they are not getting the 374 00:23:45,960 --> 00:23:48,000 Speaker 1: everything that they wanted in this version of the bill. 375 00:23:48,400 --> 00:23:52,640 Speaker 1: As we're gonna hear from Senator John Ornst to Republican, Uh, 376 00:23:53,280 --> 00:23:58,119 Speaker 1: Republicans are very upset about the energy executive orders from 377 00:23:58,160 --> 00:24:01,159 Speaker 1: earlier in the administration. A lot of political capital that 378 00:24:01,240 --> 00:24:04,439 Speaker 1: the Biden team used for this one point nine trillion 379 00:24:04,480 --> 00:24:07,479 Speaker 1: dollars they did, and a lot of progressives and you 380 00:24:07,560 --> 00:24:11,240 Speaker 1: hear this, you know, really frustrated with Joe Manchin, Christen 381 00:24:11,320 --> 00:24:14,760 Speaker 1: Cinema and these moderate Democrats in the in the Senate 382 00:24:15,040 --> 00:24:17,840 Speaker 1: that they feel rolled back some of what they wanted 383 00:24:17,880 --> 00:24:21,240 Speaker 1: to achieve. I don't think that impacts the vote on 384 00:24:21,320 --> 00:24:24,160 Speaker 1: Wednesday in the House, and I think Biden gets his bill, 385 00:24:24,560 --> 00:24:27,280 Speaker 1: but I do think it raises big questions going forward. 386 00:24:27,320 --> 00:24:30,160 Speaker 1: For instance, they want to get that minimum wage passed. 387 00:24:30,520 --> 00:24:33,520 Speaker 1: How do you do that when you had a bill 388 00:24:33,560 --> 00:24:37,920 Speaker 1: as popular as this, six of Americans support this bill, 389 00:24:38,240 --> 00:24:41,240 Speaker 1: and yet not one Republican voted for it. I mean, 390 00:24:41,280 --> 00:24:44,359 Speaker 1: that is quite remarkable. They didn't pull one over. I 391 00:24:44,359 --> 00:24:46,120 Speaker 1: don't know how you then pull them over for things 392 00:24:46,119 --> 00:24:48,600 Speaker 1: that aren't quite as popular. You know, tomorrow we're gonna 393 00:24:48,600 --> 00:24:52,080 Speaker 1: talk with the junior senator from West Virginia, Senator Shelley 394 00:24:52,080 --> 00:24:56,240 Speaker 1: Moore Capito. She's a Republican, but no doubt West Virginia 395 00:24:56,320 --> 00:24:59,960 Speaker 1: senators have a lot of political capital in these negotiations. 396 00:25:00,080 --> 00:25:03,200 Speaker 1: All right, I'll ask you one question, Jeannie. How many 397 00:25:03,240 --> 00:25:07,080 Speaker 1: people do you think tuned in to Oprah's interview with 398 00:25:07,119 --> 00:25:10,600 Speaker 1: Megan and Prince Harry. Gosh, that's such a good question. Okay, 399 00:25:10,720 --> 00:25:13,199 Speaker 1: can I today? I say, like six million? Is that 400 00:25:13,320 --> 00:25:19,560 Speaker 1: really stupid? No, it's seventeen point one million viewers tuned 401 00:25:19,600 --> 00:25:25,200 Speaker 1: in the CBS last night. That's amazing. Yeah, Okay, I'm 402 00:25:25,280 --> 00:25:27,960 Speaker 1: sorry that I undersold Oprah. I should never do that. 403 00:25:28,040 --> 00:25:30,159 Speaker 1: I should six million is about the average for the 404 00:25:30,240 --> 00:25:32,199 Speaker 1: nightly news for all of the networks. So that's what 405 00:25:32,280 --> 00:25:36,840 Speaker 1: I was thinking. That's that's pretty good, right. So it's 406 00:25:36,840 --> 00:25:40,240 Speaker 1: almost as much as listen to you daily, Kevin, I 407 00:25:40,280 --> 00:25:43,400 Speaker 1: appreciate that more than you know. My friend coming up next, 408 00:25:43,480 --> 00:25:47,320 Speaker 1: Senator Joan ern Stop, Kevin Surreally, but Jeannie Sanzano, this 409 00:25:47,680 --> 00:26:05,640 Speaker 1: is Bloomberg Radio. This is Bloomberg Sound On with Kevin 410 00:26:05,720 --> 00:26:09,879 Speaker 1: Surrele on Bloomberg Radio. My name is Kevin SURRELLI I 411 00:26:09,920 --> 00:26:12,359 Speaker 1: am the chief Washington correspondent for Bloomberg Television and from 412 00:26:12,359 --> 00:26:19,080 Speaker 1: Bloomberg Radio along with Bloomberg Politics contributor Jeannie Schanzano. Earlier today, 413 00:26:19,480 --> 00:26:24,040 Speaker 1: I spoke with Iowa Republican Senator Joanie Ernst about International 414 00:26:24,080 --> 00:26:27,159 Speaker 1: Women's Day and the impact that the pandemic has had 415 00:26:27,400 --> 00:26:31,280 Speaker 1: on women leaving the workforce, along with other issues. Take 416 00:26:31,280 --> 00:26:35,080 Speaker 1: a listen. Before COVID, women made up a majority of 417 00:26:35,160 --> 00:26:37,840 Speaker 1: the U S workforce. But here we are one year 418 00:26:37,920 --> 00:26:42,480 Speaker 1: later and women have lost over two million jobs. And 419 00:26:42,560 --> 00:26:46,840 Speaker 1: in January alone, we saw a really alarming statistic. Women 420 00:26:46,960 --> 00:26:51,000 Speaker 1: lost two hundred and seventy five thousand jobs in that month. 421 00:26:51,440 --> 00:26:54,639 Speaker 1: Um So, there are many reasons for this, but I 422 00:26:54,800 --> 00:26:58,879 Speaker 1: see two major factors. One is that mothers do tend 423 00:26:58,920 --> 00:27:01,919 Speaker 1: to be the sole care givers of the family, and 424 00:27:01,960 --> 00:27:06,800 Speaker 1: with schools going remote and childcare centers closing, we're working, 425 00:27:06,840 --> 00:27:10,560 Speaker 1: moms are staying at home, and of course we have 426 00:27:10,680 --> 00:27:14,960 Speaker 1: also seen second UM, a number of women owned businesses 427 00:27:16,119 --> 00:27:18,720 Speaker 1: which had been on the rise in recent years have 428 00:27:19,040 --> 00:27:24,160 Speaker 1: also really had a very very rough go during this pandemic. 429 00:27:24,640 --> 00:27:28,560 Speaker 1: So the impact of this is economic disruption. It's a 430 00:27:28,560 --> 00:27:31,920 Speaker 1: problem today, but of course for our women it could 431 00:27:32,000 --> 00:27:35,879 Speaker 1: spell potential catastrophe for their future as they look at 432 00:27:35,920 --> 00:27:38,440 Speaker 1: future earnings. All Right, we're waiting on the ethanol front, 433 00:27:38,480 --> 00:27:42,000 Speaker 1: of course, the SCOTUS ruling. But I want to ask you, 434 00:27:42,000 --> 00:27:45,800 Speaker 1: should the U. S d A get biofuel producers aid? Yes, 435 00:27:45,880 --> 00:27:49,080 Speaker 1: of course I do believe so because so much of 436 00:27:49,119 --> 00:27:53,400 Speaker 1: the consumption there is coming from UM those corn producers. 437 00:27:53,400 --> 00:27:57,240 Speaker 1: In the case of corn ethanol, UM, they are out there, 438 00:27:57,240 --> 00:28:02,959 Speaker 1: they exist because of our agricultural infrastructure. UM. Many of 439 00:28:03,000 --> 00:28:07,399 Speaker 1: these developments are owned by local farmers. They're basically owner 440 00:28:07,520 --> 00:28:13,119 Speaker 1: operators of these ethanol facilities. UM. But again it goes 441 00:28:13,200 --> 00:28:17,720 Speaker 1: back to providing a cleaner alternative, a cleaner burning alternative 442 00:28:17,800 --> 00:28:21,399 Speaker 1: to petroleum, UM, to make sure that you know, we 443 00:28:21,520 --> 00:28:25,200 Speaker 1: keep the cars running safely on the roadway, but again 444 00:28:25,240 --> 00:28:28,919 Speaker 1: providing choice at the pump. So I think it's the 445 00:28:29,040 --> 00:28:32,000 Speaker 1: right thing to do. Um. We are heavily tied to 446 00:28:32,280 --> 00:28:36,439 Speaker 1: agriculture in the biofuels arena, so I do think it 447 00:28:36,560 --> 00:28:40,200 Speaker 1: is appropriate to offer that assistance where we supported you 448 00:28:40,240 --> 00:28:45,480 Speaker 1: supported a Secretary Will Sack for President Biden's Department of Agriculture, 449 00:28:46,360 --> 00:28:50,280 Speaker 1: as did the other senator of Iowa, Senator Grassley Uh. So, 450 00:28:50,960 --> 00:28:52,880 Speaker 1: are you confident that he's going to be able to 451 00:28:52,960 --> 00:28:55,360 Speaker 1: enforce against the Communist Party of China to make good 452 00:28:55,360 --> 00:28:59,560 Speaker 1: on the purchases of agricultural products uh that the previous 453 00:28:59,560 --> 00:29:03,360 Speaker 1: administ station had negotiated. Well, we certainly hope so, and 454 00:29:03,400 --> 00:29:05,640 Speaker 1: we're going to be pushing him on that front. And 455 00:29:05,840 --> 00:29:09,440 Speaker 1: there's a lot of policy issues that I might be 456 00:29:09,480 --> 00:29:13,280 Speaker 1: in disagreement with Secretary Bill Sack on, but certainly one 457 00:29:13,320 --> 00:29:15,560 Speaker 1: thing I know is that he has had an open 458 00:29:15,640 --> 00:29:19,600 Speaker 1: door for discussions in the past, and we hope that 459 00:29:19,760 --> 00:29:24,040 Speaker 1: he will continue allowing that same level of transparency and 460 00:29:24,080 --> 00:29:28,240 Speaker 1: communication with other members as well, like members of the 461 00:29:28,280 --> 00:29:32,360 Speaker 1: Iowa delegation. And and so we'll continue to push him 462 00:29:32,360 --> 00:29:34,800 Speaker 1: on that he really needs to push back against the 463 00:29:34,800 --> 00:29:37,800 Speaker 1: comedy Inist Party of China, make sure that our trade 464 00:29:38,200 --> 00:29:42,320 Speaker 1: does continue to flow, making sure our agricultural commodities can 465 00:29:42,440 --> 00:29:45,280 Speaker 1: can get to the Chinese Senator. Just on the final 466 00:29:45,360 --> 00:29:48,880 Speaker 1: topic here, there's been a lot of talk and during 467 00:29:49,160 --> 00:29:52,840 Speaker 1: the President Biden's first one hundred days about some overtures 468 00:29:52,880 --> 00:29:55,960 Speaker 1: quite frankly, that he's made to the ethanol industry at 469 00:29:55,960 --> 00:29:58,880 Speaker 1: a time in which more broadly speaking, many in the 470 00:29:58,880 --> 00:30:04,120 Speaker 1: Republican Party have spoken out against his energy policies as 471 00:30:04,160 --> 00:30:07,720 Speaker 1: it relates to the Keystone pipeline. Just from your perspective, 472 00:30:07,840 --> 00:30:11,720 Speaker 1: as a representative of a more vital state, how would 473 00:30:11,800 --> 00:30:15,880 Speaker 1: you grade the Biden administration, uh in terms of the 474 00:30:15,920 --> 00:30:18,800 Speaker 1: direction that they're taking the United States energy policies as 475 00:30:18,800 --> 00:30:23,080 Speaker 1: a whole, Well, I can't assign a grade to it. 476 00:30:23,200 --> 00:30:26,360 Speaker 1: What I can hope is that he will continue to 477 00:30:26,440 --> 00:30:30,520 Speaker 1: push for biofuels because it is so important to the Midwest, 478 00:30:30,640 --> 00:30:33,760 Speaker 1: and he's made that commitment now to move forward with that. 479 00:30:33,960 --> 00:30:36,640 Speaker 1: And yet on the on the other hand, we see 480 00:30:36,720 --> 00:30:41,240 Speaker 1: him pushing executive actions which would begin transitioning the federal 481 00:30:41,280 --> 00:30:45,240 Speaker 1: government vehicles to all electric vehicles. And as we have 482 00:30:45,400 --> 00:30:49,920 Speaker 1: more electric vehicles, that means less gasoline or diesel diesel 483 00:30:49,960 --> 00:30:54,680 Speaker 1: powered vehicles, which would eliminate the need for ethanol and 484 00:30:54,840 --> 00:30:58,120 Speaker 1: bio diesel. So I think he's trying to have it 485 00:30:58,240 --> 00:31:01,400 Speaker 1: both ways, and you know, he just really needs to 486 00:31:01,440 --> 00:31:04,600 Speaker 1: make sure he's doing the right thing. And what he promised, um, 487 00:31:04,760 --> 00:31:07,920 Speaker 1: of course, during the campaign, is that he would stand 488 00:31:08,000 --> 00:31:13,160 Speaker 1: behind biofuels. So we'll we'll push on that front. Um. 489 00:31:13,200 --> 00:31:17,480 Speaker 1: But as far as additional energy policy, we've seen Biden 490 00:31:17,520 --> 00:31:20,160 Speaker 1: put the US back into the Paris Climate Accord and 491 00:31:20,440 --> 00:31:25,160 Speaker 1: the unilaterally canceled the Keystone Xcel pipeline. And so this 492 00:31:25,240 --> 00:31:31,080 Speaker 1: is destroying dounslands of jobs during a pandemic when we 493 00:31:31,120 --> 00:31:34,080 Speaker 1: need to make sure that we're supporting the American workers, 494 00:31:34,080 --> 00:31:39,320 Speaker 1: supporting those American families. And so I think we see 495 00:31:39,440 --> 00:31:43,440 Speaker 1: a bunch of radical policies kind of hanging in the horizon, 496 00:31:44,080 --> 00:31:47,280 Speaker 1: and we just have to keep reinforcing that some of 497 00:31:47,320 --> 00:31:51,400 Speaker 1: these decisions are not right for rural America. I got 498 00:31:51,480 --> 00:31:53,520 Speaker 1: one more question, and this is it. And I promised 499 00:31:53,560 --> 00:31:55,320 Speaker 1: myself I would ask you this because you are part 500 00:31:55,320 --> 00:31:58,720 Speaker 1: of an effort. For anyone who's ever visited Washington, d C. 501 00:31:59,040 --> 00:32:02,080 Speaker 1: The National Mall all in Washington just one of the 502 00:32:02,080 --> 00:32:05,880 Speaker 1: most beautiful places to visit, and especially as things are 503 00:32:05,880 --> 00:32:09,200 Speaker 1: starting to reopen again. Uh and and you know, post 504 00:32:09,280 --> 00:32:12,640 Speaker 1: pandemic life becomes a reality. The mall might look a 505 00:32:12,640 --> 00:32:15,360 Speaker 1: little bit different because of a project that you're involved in, 506 00:32:15,520 --> 00:32:19,400 Speaker 1: Senator Earnst, a bipartisan project to build a memorial on 507 00:32:19,440 --> 00:32:21,840 Speaker 1: the National Mall to honor the troops who have served 508 00:32:22,280 --> 00:32:24,480 Speaker 1: during the Global War on Terror. Just tell me a 509 00:32:24,520 --> 00:32:26,800 Speaker 1: little bit about that. Absolutely. A couple of years ago, 510 00:32:27,160 --> 00:32:29,920 Speaker 1: I was part of an effort, spearheaded, an effort to 511 00:32:30,640 --> 00:32:36,840 Speaker 1: start a foundation that would look into a project putting 512 00:32:37,120 --> 00:32:42,840 Speaker 1: a national um, national memorial on the Mall for those 513 00:32:43,160 --> 00:32:45,840 Speaker 1: that served in the Global War on Terror, And that 514 00:32:45,920 --> 00:32:50,320 Speaker 1: foundation was passed into law, it was established, and then 515 00:32:50,360 --> 00:32:53,920 Speaker 1: the next step for that is to determine a site 516 00:32:54,200 --> 00:32:58,360 Speaker 1: or a location to erect a memorial, a national memorial. 517 00:32:58,880 --> 00:33:01,720 Speaker 1: So we are going to that process right now, Senator 518 00:33:01,760 --> 00:33:05,680 Speaker 1: Maggie Hassan of New Hampshire Democrat. She has just been 519 00:33:05,680 --> 00:33:08,680 Speaker 1: a wonderful partner on so many of these fronts. Um. 520 00:33:08,760 --> 00:33:13,400 Speaker 1: We are working together to try and establish a point 521 00:33:13,480 --> 00:33:16,160 Speaker 1: where a memorial could be erected. But we need to 522 00:33:16,200 --> 00:33:19,400 Speaker 1: recognize that this is the longest running war in our 523 00:33:19,520 --> 00:33:23,320 Speaker 1: nation's history, and to honor the men and women that 524 00:33:23,400 --> 00:33:26,640 Speaker 1: have served honorably all around our globe in the fight 525 00:33:26,680 --> 00:33:31,560 Speaker 1: against terrorism is extremely important. So this is an effort 526 00:33:31,560 --> 00:33:34,160 Speaker 1: I'm very proud to be leading on. It is a 527 00:33:34,280 --> 00:33:40,040 Speaker 1: bipartisan effort and supported so many of our wonderful veterans organizations. 528 00:33:40,760 --> 00:33:43,840 Speaker 1: That was my interview from earlier today with Senator Johnie Ernst, 529 00:33:43,960 --> 00:33:47,120 Speaker 1: Republican of Iowa. I'm Kevin Surlei. She f Washington, correspondent 530 00:33:47,120 --> 00:33:49,800 Speaker 1: for Bloomber TV and Radio. Jennie shanzaners with me as well, 531 00:33:49,800 --> 00:33:53,080 Speaker 1: Bloomber Politics contributor. You know, Jennie, she is the first 532 00:33:53,520 --> 00:33:58,240 Speaker 1: female combat veteran to serve in the United States Senate. 533 00:33:59,400 --> 00:34:02,120 Speaker 1: I was really happy that you asked her about this 534 00:34:02,240 --> 00:34:05,600 Speaker 1: memorial because I was just reading about this and it's 535 00:34:05,720 --> 00:34:07,840 Speaker 1: really she's been working on this a long time. As 536 00:34:07,840 --> 00:34:11,560 Speaker 1: she mentioned, it's bipartisan with Senator Hassan of New Hampshire, 537 00:34:11,880 --> 00:34:15,200 Speaker 1: and it is really really important to recognize the work 538 00:34:15,280 --> 00:34:18,560 Speaker 1: of so many of the people that she served with well. 539 00:34:18,600 --> 00:34:20,920 Speaker 1: And and the National Mall. I mean, if folks have 540 00:34:21,040 --> 00:34:25,440 Speaker 1: never been visited, uh, it starts from the Lincoln Memorial 541 00:34:26,239 --> 00:34:29,600 Speaker 1: which looks out at the Capital and of course the 542 00:34:29,640 --> 00:34:33,520 Speaker 1: Washington Monument, uh is in between there with the reflection pool, 543 00:34:34,360 --> 00:34:38,280 Speaker 1: and it's truly just one of my personal favorite spots 544 00:34:38,280 --> 00:34:41,239 Speaker 1: in Washington, d C. Jennie. And and there of course 545 00:34:41,280 --> 00:34:44,239 Speaker 1: is the World War Two Memorial as well as the 546 00:34:44,320 --> 00:34:47,920 Speaker 1: Korean War Memorial, and and it's it's a really World 547 00:34:47,920 --> 00:34:51,640 Speaker 1: War One memorial. Uh. It really just a really beautiful, 548 00:34:51,719 --> 00:34:55,960 Speaker 1: beautiful uh honor for for the country and to to 549 00:34:56,080 --> 00:35:00,640 Speaker 1: have the longest running war, as she mentioned to be 550 00:35:00,719 --> 00:35:03,279 Speaker 1: on the National Mall. It's it's beyond well deserved. It 551 00:35:03,400 --> 00:35:05,520 Speaker 1: absolutely is. And I think, you know, I don't know 552 00:35:05,560 --> 00:35:07,279 Speaker 1: when this is going to come to fruition, but they've 553 00:35:07,320 --> 00:35:09,480 Speaker 1: been working very hard on it. And I also wanted 554 00:35:09,520 --> 00:35:12,480 Speaker 1: to say that I think she made some really important 555 00:35:12,480 --> 00:35:15,239 Speaker 1: statement there when you asked her about President Biden when 556 00:35:15,239 --> 00:35:17,640 Speaker 1: she said the president trying to have it both ways. 557 00:35:17,719 --> 00:35:19,120 Speaker 1: I think they're going to hold his feet to the 558 00:35:19,160 --> 00:35:24,880 Speaker 1: fire on bio fuels, and just a remarkable reversal in 559 00:35:25,040 --> 00:35:28,320 Speaker 1: terms of energy policy, no matter which side you agree 560 00:35:28,320 --> 00:35:31,600 Speaker 1: with or which element you agree with, just in the 561 00:35:31,640 --> 00:35:34,279 Speaker 1: span of two months from the different administrations that to 562 00:35:34,360 --> 00:35:36,960 Speaker 1: me as a reporter has been probably one of the 563 00:35:36,960 --> 00:35:41,000 Speaker 1: biggest differences between the previous administration and the Biden administration 564 00:35:41,920 --> 00:35:46,160 Speaker 1: is on energy policy. Yeah, a bit of whiplash. Yeah 565 00:35:47,719 --> 00:35:51,440 Speaker 1: we can keep up, you know we can. I can 566 00:35:51,440 --> 00:35:53,600 Speaker 1: move pretty quick, you know what I'm saying? All right? 567 00:35:53,680 --> 00:35:56,959 Speaker 1: Today and it said this month is Women's History Month, 568 00:35:57,120 --> 00:36:00,160 Speaker 1: and uh, here in today's International Women's History Day, and 569 00:36:00,200 --> 00:36:03,560 Speaker 1: we are honoring women. And here with today's special installment 570 00:36:03,640 --> 00:36:07,400 Speaker 1: is Bloomberg NI A young happy International Women's Day on 571 00:36:07,480 --> 00:36:11,560 Speaker 1: today in Women's History. In two, the Fearless Girls sculpture 572 00:36:11,640 --> 00:36:14,640 Speaker 1: is revealed, a cross from the Charging Bull statue on 573 00:36:14,680 --> 00:36:19,040 Speaker 1: Wall Street. Kristin Visbald sculpture depicted a young, defiant girl 574 00:36:19,120 --> 00:36:23,240 Speaker 1: standing confidently. The sculpture was installed late the night before 575 00:36:23,560 --> 00:36:25,759 Speaker 1: it was placed there to draw attention to the lack 576 00:36:25,800 --> 00:36:29,840 Speaker 1: of gender diversity and equality in the workplace, particularly in large, 577 00:36:29,920 --> 00:36:33,319 Speaker 1: powerful institutions in New York City. The plaque under the 578 00:36:33,320 --> 00:36:36,799 Speaker 1: sculpture reads, know the power of women in Leadership. She 579 00:36:37,080 --> 00:36:40,960 Speaker 1: makes a Difference. It was commissioned by State Street Global Advisors, 580 00:36:41,000 --> 00:36:44,400 Speaker 1: who wanted to advertise an index fund that promotes gender 581 00:36:44,400 --> 00:36:49,240 Speaker 1: diverse companies with higher percentages of female leadership. That's today 582 00:36:49,239 --> 00:36:53,920 Speaker 1: in Women's History I'm Renita Young, Bloomberg Radio. Coming up tomorrow, 583 00:36:54,000 --> 00:36:59,279 Speaker 1: Senator Shelley Moore, Capital Republican and West Virginia. UHO. We 584 00:36:59,360 --> 00:37:03,560 Speaker 1: covered a lot of our today, Secretary McDonough, Senator Ernst, 585 00:37:03,640 --> 00:37:05,600 Speaker 1: a lot of ground Jutty, a lot of great women 586 00:37:05,600 --> 00:37:09,800 Speaker 1: on as well in and then Secretary mcdonna. Thank you, 587 00:37:09,840 --> 00:37:12,120 Speaker 1: including you. I'm Kevin Sili. This is Bloomberg