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Speaker 1: Live from our nation's cale. All talk here in Washington,

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Speaker 1: d C. Turns to President elect Joe Biden's administration, historically

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Speaker 1: speaking the markets that perform better when there is divided government.

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Speaker 1: The biggest pressure for physical stimulus is an off taking cases.

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Speaker 1: Bloomberg Sound on the Insiders, the influencers, the inside riding

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Speaker 1: has Thomas again and again that he will unite the

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Speaker 1: country's state government's control elections left in the constitution. I

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Speaker 1: think that we can expect a smooth, thoughtful, methodical transition.

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Speaker 1: This is Bloomberg Sound on with Kevin Shirley on Bloomberg

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Speaker 1: and one oh five point seven f m h D two.

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Speaker 1: Coronavirus striking fear across the country as President elect Joe

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Speaker 1: Biden and Vice President Mike Pence give two different briefings

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Speaker 1: urging citizens to take notice of the rising cases, plus

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Speaker 1: what's been going on Capitol Hill, as now Republicans weighing

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Speaker 1: in on whether or not President Trump should brief President

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Speaker 1: Joe Biden. We begin tonight with sound on the coronavirus

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Speaker 1: and how governors across the country are handling it. President

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Speaker 1: Elect Joe Biden speaking to a bipartisan group of governors

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Speaker 1: earlier today from Wilmington, Delaware, lamented that the Trump administration's

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Speaker 1: lack of cooperation on the transition, which he says hinders

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Speaker 1: his team's ability to get up to date information on

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Speaker 1: the pandemic. I want to work with you and the

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Speaker 1: Congress on a bipartisan basis to make sure you get

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Speaker 1: the resources you need, from PPE to vaccines. You need help,

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Speaker 1: and I want you to know that I will be

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Speaker 1: your partner. And from the White House, I I don't

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Speaker 1: see this. I mean this from the bottom of heart.

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Speaker 1: Don't see this as a red state issue or blue

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Speaker 1: state issue. I see this. Roll this together. Meanwhile, just

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Speaker 1: down the Asselic Corridor, speaking from the Republican National Committee

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Speaker 1: headquarters in Washington, d C. President Trump's personal lawyer of

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Speaker 1: Rudy Giuliani, is still charging fraud in cities controlled by Democrats.

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Speaker 1: It's not a singular voter fraud in one state. This

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Speaker 1: pattern repeats itself in a number of states. The recount

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Speaker 1: being done in Georgia will tell us nothing because these

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Speaker 1: fraudulent balance We'll just be counted again because they wouldn't

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Speaker 1: supply the signatures to match the ballot. It comes as

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Speaker 1: economists are continuing to warn that the economy could be

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Speaker 1: headed back to a recession, and Federal Reserve Bank of

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Speaker 1: Dallas President Robert Kaplan says that he's not ruling out

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Speaker 1: such a scenario. He spoke to my colleague David Weston earlier.

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Speaker 1: It is possible we could have negative growth if this

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Speaker 1: resurgence gets bad enough and mobility falls off enough so

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Speaker 1: that local officials, even though don't they don't want to

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Speaker 1: do more restrictions, they don't have a choice. So the

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Speaker 1: next couple of quarters is going to be very challenging.

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Speaker 1: My guest and penelists with me for the hour. A B. Stoddard,

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Speaker 1: associate editor at Real Clear Politics, and Drew Littman, a

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Speaker 1: policy director at Brownstein Hyatt far and Shrek, the former

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Speaker 1: chief of staff for Senator Al Franken. Thank you both

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Speaker 1: so much for being here. Maybe that's where things stand

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Speaker 1: this evening, as questions surrounding Republicans not briefing President elect

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Speaker 1: Biden's transition teams, and now warning signs not just from

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Speaker 1: the health sector but also in public health officials, but

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Speaker 1: also from economists. Yeah, Kevin, everyone is really caught up

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Speaker 1: in the terrible maelstrom um. The threat to democracy that

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Speaker 1: the President is created with his false claims of conspiracy

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Speaker 1: fraud on the election, but the coronavirus and the milestone

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Speaker 1: of two fifty million dead, the raging infection rates. We

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Speaker 1: have better death rates, but we have worse infection and

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Speaker 1: positivity and hospitalization rates than we did in the spring,

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Speaker 1: and we're breaking our health care system. People are running

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Speaker 1: out of the stimulus money that sustained them through the summer,

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Speaker 1: and Congress is not um set, you know, providing a

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Speaker 1: buffer for for people as we head into a winter

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Speaker 1: where there will be more restrictions. There will be a

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Speaker 1: lot more loss, a lot more closures, probably done by

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Speaker 1: zip code or county depending on infection rates, but a

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Speaker 1: lot of pain and a lot of suffering, and people

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Speaker 1: really need to focus on the fact that there's so

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Speaker 1: much we can do before the vaccine to not see

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Speaker 1: another to not reach three thousand deaths by December twelve.

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Speaker 1: There's a lot that we can do, but it's going

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Speaker 1: to require some action by Congress. It's going to require

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Speaker 1: an integrated effort between the current administration and the incoming

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Speaker 1: Biden administration um in the interest of public health, and

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Speaker 1: we're not seeing that from the Trump administration, and it's

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Speaker 1: absolutely tragic that this virus has been able to rage

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Speaker 1: without control since day one. They've never had a policy

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Speaker 1: to control it. What you heard Vice President Biden talking

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Speaker 1: about was not that he, as president, will be demanding

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Speaker 1: a nationalized lockdown strategy of these governors. He want them

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Speaker 1: to have resources that they were not provided in adequate

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Speaker 1: amounts by this administration because there was no nationally coordinated plan,

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Speaker 1: more PPE, more tests. Why we have high positivity because

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Speaker 1: we don't know gonna have more contact tracing. That's what

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Speaker 1: we need this winter. I want to pick up on

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Speaker 1: something Drew that ab Staughter just mentioned, which was this

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Speaker 1: integrated effort or lack there of, of the outgoing administration

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Speaker 1: and President electro Biden, because we have sound on this

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Speaker 1: in Washington, DC earlier today, House Minority Leader Kevin McCarthy, Republican, California.

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Speaker 1: He was asked by reporters in the halls of Congress

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Speaker 1: if the Trump administration should be helping the Biden team

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Speaker 1: as they transition on the coronavirus. Sirius, you have one

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Speaker 1: president at a time. We have the military putting through

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Speaker 1: and planning this ahead of time, so I want to

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Speaker 1: follow through and if we can get people the vaccine

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Speaker 1: next month, let's do it. Drew your reaction. Well, it's

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Speaker 1: more complicated than than McCarthy makes it sound. When I

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Speaker 1: was at HHS at the end of the Obama administration,

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Speaker 1: at this point, I mean, we were the politicals at

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Speaker 1: least were suns that Donald Trump had one, but in

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Speaker 1: a business like way, the finders were being assembled from

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Speaker 1: every agency and office at HHS to hand over to

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Speaker 1: the Trump people when they when they sent their onboarding team.

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Speaker 1: I'm hesitating that onboarding turned out Trump didn't have any,

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Speaker 1: but typically that's how a transition was work. Now it's

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Speaker 1: true Trump didn't have a normal transition where all these

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Speaker 1: things happened because he didn't prepare to win. In so

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Speaker 1: so he himself and some of these people really don't

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Speaker 1: know how it works. But yes, they have to get integrated,

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Speaker 1: especially on something as as complicated with gistically complicated as

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Speaker 1: getting vaccines million people, and vaccines that require an initial

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Speaker 1: injection and then depending which one you used, either a

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Speaker 1: three weeks or four weeks the way for a booster.

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Speaker 1: So that's two injections. Talking about injections, I want to

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Speaker 1: continue this conversation and coming up. We're gonna go behind

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Speaker 1: the scenes in terms of what specifically a transition looks

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Speaker 1: like and what is not being done, and Drew and

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Speaker 1: his experience at HHS and the Obama administration will help

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Speaker 1: guide us through that. Drew Lippman stays, Ab Soddered stays,

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Speaker 1: I'm Kevin Surreally, chief Washington correspondent for Bloomberg Television and

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Speaker 1: for Bloomberg Radio. And you're listening to Bloomberg. Thank you.

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Speaker 1: I'm Kevin Surreally, chief Washington correspondent for Bloomberg Television and

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Speaker 1: form Bloomberg Radio. That song is from by Roy Orberson,

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Speaker 1: and I have to say it is a a really

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Speaker 1: family classic at relative's weddings. Uh Okay. We've been talking

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Speaker 1: about the transition and the lack of briefings coming from

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Speaker 1: President Trump's team to President Elect Joe Biden's team, and

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Speaker 1: it really has been bubbling over this week in particular.

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Speaker 1: Abe Stoddard is with US associate editor at Real Clear Politics,

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Speaker 1: and Drew Littman, a policy director at Brownstein Hyatt Farber

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Speaker 1: and Shrek, the former chief of staff for Senator Al

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Speaker 1: Frankin and also also a senior counselor to the Health

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Speaker 1: and Human Services Secretary Sylvia Matthews Burweld India Obama administration

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Speaker 1: as well. Um, And I want to ask you this

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Speaker 1: true purely from an analytical perspective and not from a

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Speaker 1: political perspective. I have when I talked to sources right

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Speaker 1: now at the staff level various agencies, they are preparing

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Speaker 1: transition binders. So that is getting done, and that's typical,

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Speaker 1: and and it happens not just if there's a change

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Speaker 1: of power from a political party perspective, but also obviously

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Speaker 1: for predecessors if they leave a job, for example, and

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Speaker 1: someone else comes in and takes it. But this is different.

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Speaker 1: The criticism that that President elect Biden is is lodging

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Speaker 1: lobbying against President Trump is a lack of briefings on

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Speaker 1: coronavirus and national security. But specifically, what what does that

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Speaker 1: look like? Well, fortunately there aren't so many of these

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Speaker 1: incidents that there's a cut and drive pattern like there

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Speaker 1: is preparing the freezing binders. Yeah, but you would want

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Speaker 1: to know where the FDA is its approval processes. You

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Speaker 1: would want to know what the FDA's capacity is if

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Speaker 1: you have, say two more big pharmaceutical companies to say

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Speaker 1: they have vaccines and the FDA actually approved for vaccines

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Speaker 1: that quickly, you'd want to know what um what conditions

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Speaker 1: the FDA will impost the two vaccines that are that

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Speaker 1: are appear to be on the verge of being made available.

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Speaker 1: We're tested, I was only on adults. They haven't been

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Speaker 1: tested on children, and children would be probably at the

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Speaker 1: back of the lines for getting vaccinated because they they

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Speaker 1: seem to be less vulnerable save than senior citizens. But

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Speaker 1: is there are protocols for for testing for children? There

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Speaker 1: may not be one developed. What's the plan for distribution?

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Speaker 1: Contrary to what some people in Washington has said, the

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Speaker 1: Army is not actually going to stand out across the

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Speaker 1: country and give people five dred inoculations. Can't be done

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Speaker 1: that way. So who's meeting with the drug stores? If

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Speaker 1: you're if you've had a COVID test, then you know

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Speaker 1: that this process is extremely decentralized. You have to go

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Speaker 1: shopping online to find a testing site. That's not necessarily

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Speaker 1: a problem, but you want more of a top down regiment.

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Speaker 1: So I guess, So I guess this is not just

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Speaker 1: purely a symbolic measure in terms of a lack of

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Speaker 1: briefings from people on the Coronavirus Task Force providing updates

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Speaker 1: to the Transition Team, Biden's transition team. It's not just

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Speaker 1: symbolic in terms of the peaceful nature of a peaceful

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Speaker 1: transition of power. It's also concrete. It also is hindering

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Speaker 1: what I don't want to put words in your mouth through,

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Speaker 1: so correct me if I'm wrong, But it's hindering what

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Speaker 1: I'm gathering from you just telling me. It's hindering President

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Speaker 1: Elect Biden's ability to have CEO level conversations and meetings

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Speaker 1: because it puts them in a bind of whether or

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Speaker 1: not to get the ire of the outgoing administration. I

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Speaker 1: think that's well put Kevin. And while this is a

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Speaker 1: peaceful transition, it's a peaceful transition during wartime in extent.

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Speaker 1: And if you imagine if it's general pandemic of the field,

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Speaker 1: for an army was being pulled out of the field

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Speaker 1: or a battalion is being pulled out of the field,

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Speaker 1: you need the battalion. That's what say, see them and

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Speaker 1: the officers who are replacing them to know exactly where

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Speaker 1: things stand when they were pulled off the field. Well,

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Speaker 1: there's not a long interregnum so that you can get

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Speaker 1: oriented again, what we have sound on the transition from

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Speaker 1: White House senior advisor to President Obama Valerie Jarrett, because

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Speaker 1: my colleague David Weston spoke earlier today on Balance of

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Speaker 1: Power with Valerie Jarrett about the transition from President Bush

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Speaker 1: to President Obama. Here here she is. And I always

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Speaker 1: say that one of the things that surprised me but

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Speaker 1: the president of a wildness transition was the unwelllievable degree

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Speaker 1: of cooperation we received from President Bush. Now we may

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Speaker 1: not have agreed with him on policies, but what President

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Speaker 1: Bush believed is in the smooth and orderly transition of power.

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Speaker 1: Now aby started. I'm I'm old enough to remember when

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Speaker 1: the biggest controversy from the from the transition was the

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Speaker 1: Clinton team removing all of the w's from the keyboards

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Speaker 1: in the White House as a prank, a friendly prank.

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Speaker 1: But this seems to be different. Maybe I think it

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Speaker 1: was pretty obnoxious that they did that all those years ago.

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Speaker 1: I would just like to register my I think it's

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Speaker 1: a little discasteful, but but I do think, um, it's

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Speaker 1: you know, it's really true that what we're describing here is,

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Speaker 1: you know, we're in the middle of a once in

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Speaker 1: a year of health emergency. It is far worse than

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Speaker 1: it was when it was announced and sort of articulated

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Speaker 1: to the nation back in March, which at that point

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Speaker 1: was too late. And we are trying to mobilize the

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Speaker 1: government to to distribute a vaccine as as as quickly

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Speaker 1: as possible. It's allotting moving parts. It is an unprecedented

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Speaker 1: rate of speed, and there is that education component to

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Speaker 1: convince enough of the public as quickly as possible um

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Speaker 1: to take it. But there are other things that that

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Speaker 1: Joe Biden will be having to do with. There are

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Speaker 1: other emergencies, and so there will be some godforsaken unknown

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Speaker 1: national security event to be sure, but there's an economic crisis.

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Speaker 1: I want to pick up on that because that's so important.

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Speaker 1: And I had coffee the other day with Mike Allen

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Speaker 1: over at Axios and and and he just so a

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Speaker 1: b and Mike Allen, I mean, you both are so

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Speaker 1: brilliant in terms of the perspective that you're able to

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Speaker 1: provide historically, because he said to me, every presidency is

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Speaker 1: shaped by an unknown force that that none of us

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Speaker 1: are talking about. So for President Trump, it's the pandemic.

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Speaker 1: For George W. Bush, it was nine eleven for Barack Obama.

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Speaker 1: It was the two thousand and eight economic recession. And

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Speaker 1: so I think we've got a minute left, baby, but

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Speaker 1: I want to give you the period end point on this.

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Speaker 1: That's where the lack it's because it is an American tradition,

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Speaker 1: the transition of power, but the lack of communication right now.

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Speaker 1: I want to get to the substance of just really

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Speaker 1: what it is putting people, not just the the administration,

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Speaker 1: but also members of Congress. Uh really not being able

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Speaker 1: to start on firm footing. The members of Congress in

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Speaker 1: both parties need to support this transition so that every

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Speaker 1: single American, whether they voted for Joe Biden or not,

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Speaker 1: is protected to the best ability that he can provide.

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Speaker 1: And that is not happening right now because the Republican

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Speaker 1: Party is playing along with the President's Khan's extremely reckless.

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Speaker 1: What's going on. Let's leave it there for now, and

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Speaker 1: coming up, they're gonna tell me what what's on their radar, Well,

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Speaker 1: said Aby startered. I'm Kevin Cerelli coming up next to

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Speaker 1: me checking with Congress. You're listening to Bloomberg. Cheers. I'm

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Speaker 1: Kevin Cerelli, Chief Washington correspondent for Bloomberg Television and for

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Speaker 1: Bloomberg Radio. We continue with new data on the coronavirus

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Speaker 1: as states and cities from New Hampshire to Ida added

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Speaker 1: restrictions to stem record US COVID nineteen cases and limit

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Speaker 1: pressure on hospitals, including expanded measures. In several parts of

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Speaker 1: New York State, the Centers for Disease Control and Prevention

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Speaker 1: urged Americans not to travel for Thanksgiving. In New Hampshire,

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Speaker 1: the governor there imposed a mask wearing mandate. A headline

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Speaker 1: crossing the Bloomberg terminal just within the last several minutes.

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Speaker 1: California ordering it's ten pm curfew for of the state's population.

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Speaker 1: And then what's happening in Michigan. The Detroit News reporting

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Speaker 1: Michigan shatters weekly COVID nineteen case record for fifth week

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Speaker 1: in a row. Our next guest is from Michigan's eleventh

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Speaker 1: Congressional district. Her name is Congresswoman Haley Stevens, Congresswoman, a

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Speaker 1: Democrat from Michigan's eleven congressional district. Congresswoman, thanks for joining us.

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Speaker 1: This virus continues to spread. What needs to be done

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Speaker 1: to stop it well? As we've always said Kevin. We've

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Speaker 1: got to have the proper testing and tracing in place.

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Speaker 1: I'm in full support of President Biden's plan to double testing. UH.

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Speaker 1: We now have different types of tests where we can

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Speaker 1: do a just a quick nasal swab, not the in

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Speaker 1: depth swab that people are getting. And obviously, also we're

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Speaker 1: very optimistic about the vaccine and the development of the vaccine.

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Speaker 1: And I'll just say this was the first action that

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Speaker 1: Congress took in a very bipartisan way when in the

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Speaker 1: very early days before we were declared in a pandemic

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Speaker 1: by the World Health Organization to invest in the research

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Speaker 1: and development of a vaccine. The president of the outgoing president,

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Speaker 1: President Trump UH declared this as Operation Warp Speed. And

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Speaker 1: now we've got two leading contenders for this vaccine and

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Speaker 1: a real path forward to UH having it in place

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Speaker 1: by the end of this year. It's remarkable because, as

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Speaker 1: you know, you and your colleagues are debating. I don't

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Speaker 1: know if negotiating is the right word anymore. Leadership is

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Speaker 1: as well as secretary monution. Another round of fiscal stimulus.

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Speaker 1: Are you optimistic or is it a pipe dream that

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Speaker 1: fiscal stimulus can get done in the lame duck. Well,

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Speaker 1: I'm always optimistic. I like, I'm an optimist to Cogress,

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Speaker 1: go ahead, yes, let's be in the club together. No,

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Speaker 1: I mean, look, I was. I was optimistic, vic and

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Speaker 1: in July, you know, I actually left things in Washington thinking, oh,

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Speaker 1: we'll be right back. And then I was optimistic in

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Speaker 1: March when they said it was only in the last

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Speaker 1: fifteen days. Go ahead, right, No, no, well you know

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Speaker 1: that you gotta just follow the science of pandemics. But yeah, no,

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Speaker 1: we look, some of this stuff gets caught in, you

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Speaker 1: know about going part of Vince tweets. Um. You know,

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Speaker 1: Secretary Manution, I served many years, um, a handful of

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Speaker 1: years in the Department of the Treasury under President Obama.

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Speaker 1: Um that was at the time Secretary Guitner. And you

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Speaker 1: know what, look, Manusin s been a you know, an

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Speaker 1: honest broker. Um. I was optimistic to hear that talks

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Speaker 1: of resume. But oh my gosh, let's just get this done.

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Speaker 1: You know, we we don't have to throw the data

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Speaker 1: out with the bath water, right we we can, you know,

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Speaker 1: do the proper spending support the hard working Americans of

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Speaker 1: all stripes. You know, certainly it's been very bipartisan to

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Speaker 1: do these stimulus checks, but also the support for for

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Speaker 1: state and local entities as well as for our schools,

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Speaker 1: you know, for schools. We gotta keep our children educatives. Well,

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Speaker 1: it's remarkable you brought up your experience with a former

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Speaker 1: Secretary Gightener, because just earlier today Secretary Manution sought the

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Speaker 1: return of unused funds from the FED Ural Reserves emergency

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Speaker 1: lending facilities, and now FED share J. Powell is saying,

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Speaker 1: not so fast. So Monution sends a letter to Powell

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Speaker 1: trying to get a ninety day extension for the four

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Speaker 1: of the Central banks emergency lending programs, but requested that

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Speaker 1: the other programs that are going to expire on December

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Speaker 1: thirty one. And the FED returned four hundred and fifty

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Speaker 1: five billion dollars to Treasury so that Congress can spend

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Speaker 1: the money elsewhere. So they're trying to get back money

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Speaker 1: from the Fed. The FEDS saying, I'm quoting the statement

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Speaker 1: from from Chairman Powell quote. The Federal Reserve would prefer

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Speaker 1: that the full suit of emergency facilities established during the

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Speaker 1: coronavirus pandemic continue to serve their important role as a

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Speaker 1: backstop for are still strained and vulnerable economy. In other words,

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Speaker 1: what they're saying is, no, we want to keep this

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Speaker 1: and continue these facilities. And Secretary Monution is saying, give

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Speaker 1: us back the money so that we don't have to

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Speaker 1: get a deal with Congress. I now they're now it

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Speaker 1: appears that there's a divide between the outgoing Treasury Secretary

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Speaker 1: and the current chairman of the FED. Well, our chairman

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Speaker 1: of the Fed has been a very interesting Uh, can

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Speaker 1: you just put us in perspective for us, just because

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Speaker 1: it's yeah, no, I'd be happy to. I I'd be

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Speaker 1: happy to. I mean, and this is this is obviously

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Speaker 1: my perspective that I would say that Chairman Paul has

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Speaker 1: been very clear about who he's serving, uh, and that

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Speaker 1: is the American people through the stewardship and his role

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Speaker 1: at the at the Federal Reserve. And I would also

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Speaker 1: say that I've made this inquiry as a member of Congress.

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Speaker 1: We allocated hundreds of billions of dollars in almost unprecedented

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Speaker 1: passion to the Federal Reserve for middle market lending programs

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Speaker 1: that really have never been And this is not a

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Speaker 1: criticism of Paul, it's the mechanism right, because all of

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Speaker 1: a sudden, you have the Federal Reserve as a direct

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Speaker 1: lender for for almost the first time ever. And if

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Speaker 1: you recall when the Treasury was the lender during the

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Speaker 1: Troubled Asset Relief program of two thousand eight two thousand nine,

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Speaker 1: that was also different for for Treasury. And in fact

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Speaker 1: it's been different for the s b A to be

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Speaker 1: a direct lender with some of the moneys that have

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Speaker 1: been allocated through the Cares Act funding. And so you

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Speaker 1: sort of have, you know, a federal government that's highly strained.

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Speaker 1: You have Chairman Paul, I think, being very consistent to

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Speaker 1: his intended purpose on what he's trying to do, which

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Speaker 1: is to make sure that our economy can be stabilized,

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Speaker 1: and also being really clear about the long term unemployment.

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Speaker 1: I remember when he was saying this in at the

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Speaker 1: end the Q one into Q two, and people were

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Speaker 1: shocked by what they were hearing, because they, like you, Kevin,

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Speaker 1: we're kind of thinking, is this just going to be

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Speaker 1: over in three weeks? So I haven't obviously had a

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Speaker 1: conversation with either gentlemen about their their current back and forth,

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Speaker 1: but what I would say is that we shouldn't try

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Speaker 1: and skirt what we need to do if we aren't

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Speaker 1: using the funds at the Federal Reserve, which I believe

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Speaker 1: that middle market lending program should be in effect. There's

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Speaker 1: certainly hardest hit businesses. There's, for instance, this is just

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Speaker 1: one example. There's there's movie theater businesses that didn't qualify

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Speaker 1: for p p P because they were too large. There

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Speaker 1: was our daycare center centers that didn't qualify for p

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Speaker 1: PP based on their makes code designation. And we're still

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Speaker 1: resolving now. Well, that's what I think, and I say

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Speaker 1: this Congressman Haley Stevens is with us. She's a Democrat

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Speaker 1: representing Michigan's eleventh congressional district, which is uh suburban Detroit

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Speaker 1: right just around that area. UH and and and it's

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Speaker 1: it's it's one of the as a reporter, one of

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Speaker 1: the criticisms that I've heard consistently spanning the ideological spectrum

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Speaker 1: was the lack of communication coming from UH all of

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Speaker 1: Washington and and not pointing out, you know, any politicians

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Speaker 1: on any side of the aisle in terms of directly

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Speaker 1: telling companies of all levels this is the process. Because

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Speaker 1: it was and maybe it was it was inadvertent, but

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Speaker 1: it's remarkable and hopefully the next round of stimulus will

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Speaker 1: be a bit more organized in terms of the rollout

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Speaker 1: because people are craving it. We've got to invest in

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Speaker 1: the technical system. Yes, and we haven't a minute left.

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Speaker 1: And I want to get to this because you were

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Speaker 1: a staffer during the Obama Biden transition, one of the few,

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Speaker 1: if any current members of Congress to do so, can

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Speaker 1: you offer us a perspective on the transition between Obama

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Speaker 1: the during the Obama Biden transition from the Bush years

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Speaker 1: versus what we're not seeing right now. Well, what we're

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Speaker 1: witnessing right now is the absolutely astonishing Uh. This outgoing

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Speaker 1: administration should be in full coordination with the incoming administration,

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Speaker 1: very similar to where we were in two thousand eight.

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Speaker 1: We are in the middle of a crisis. In oh eight,

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Speaker 1: it was a financial crash, uh, and now it's a

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Speaker 1: pandemic and we need that coordination. But not just even

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Speaker 1: around the hot button issues. I mean just for the

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Speaker 1: continuity of government. Right there is you know our veterans

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Speaker 1: of Sayers administration to uh, you know, our FDA that's

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Speaker 1: doing food inspection. We need that to go forward. I

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Speaker 1: think that Joe Biden UH and Kamala Harris ran a

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Speaker 1: remarkable campaign and and and look the running a good transition,

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Speaker 1: but they need that coordination. We need to see that happening.

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Speaker 1: We just gotta stop. You know this, this election was

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Speaker 1: really clear. All right, Congressiman Haley, Stephen Sex, so much

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Speaker 1: for your time. And hey you grad I'm Kevin sile

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Speaker 1: you're listening to Bloomberg and ninety nine one. This is

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Speaker 1: Bloomberg Sound On with Kevin Shirley on Bloomberg one and

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Speaker 1: one or five point seven h D two. I'm Kevin Sireli,

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Speaker 1: Chief Washington correspondent for Bloomberg Television and for a Bloomberg Radio.

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Speaker 1: We're talking to all things coronavirus and the economy and

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Speaker 1: what's been going on with the transitions in power. And

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Speaker 1: it's a thread that has emerged in Washington, d C.

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Speaker 1: From at a very ranular level, as everyone from from

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Speaker 1: staffers trying to jockey for positions at an incoming administration

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Speaker 1: or Republican staffers on an outgoing administration trying to figure

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Speaker 1: out where do they land? Uh. And it's it's really

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Speaker 1: put things in a virtual for every sense of the word,

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Speaker 1: a virtual hold. I'm very grateful to have our panel

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Speaker 1: with us for the hour for what is my favorite

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Speaker 1: part of the program, which of course is what is

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Speaker 1: on the panels radar. A. B. Stoddard is an associate

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Speaker 1: editor for Real Clear Politics, and Mr Littman is of

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Speaker 1: course over at Hyatt Farber Shrek. Oh my gosh, I

430
00:26:42,119 --> 00:26:45,159
Speaker 1: said it wrong, Brownstein, Hyatt Farber and Shrek. Drew Littman,

431
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Speaker 1: policy director for Brownsteing, Hyatt, Farber and Shrek and former

432
00:26:47,880 --> 00:26:50,960
Speaker 1: chief of staff for Senator Al Frankin. You know, abe,

433
00:26:51,160 --> 00:26:53,639
Speaker 1: just before we get to what's on the radar, Um.

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Speaker 1: I don't know if you're able to catch that interview

435
00:26:55,840 --> 00:26:58,359
Speaker 1: that I did with with Connor Simmon Stevens, but you

436
00:26:58,560 --> 00:27:02,480
Speaker 1: hear from her almost it a befuddlement coming from a

437
00:27:02,560 --> 00:27:04,919
Speaker 1: lack of leadership in both sides of the aisle, at

438
00:27:04,960 --> 00:27:08,320
Speaker 1: a frustration at the rank and file level that there

439
00:27:08,920 --> 00:27:12,159
Speaker 1: doesn't seem to be a plan for stimulus. This is

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00:27:12,320 --> 00:27:15,000
Speaker 1: now California, within the last half hour, issuing a ten

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00:27:15,040 --> 00:27:20,879
Speaker 1: pm curfew for like its residents. Yeah, I mean I

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00:27:21,840 --> 00:27:26,000
Speaker 1: was heartened. Um as cynical as it is of Mitch McConnell,

443
00:27:26,119 --> 00:27:28,240
Speaker 1: the Senate majority leader, to see him the day after

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00:27:28,280 --> 00:27:30,640
Speaker 1: the election say that he might be open minded about

445
00:27:30,680 --> 00:27:34,040
Speaker 1: stimulus when he fought very hard in September and October

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00:27:34,119 --> 00:27:37,000
Speaker 1: against it and less than negotiations largely to the House

447
00:27:37,000 --> 00:27:40,720
Speaker 1: Speaker and as you mentioned, the Secretary of the Treasury

448
00:27:40,800 --> 00:27:44,399
Speaker 1: Stephen Nuchin from the administration, the President never negotiates with

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00:27:44,520 --> 00:27:47,920
Speaker 1: anyone in Congress. But you know, at least we had

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00:27:48,359 --> 00:27:51,600
Speaker 1: someone from the White House talking to someone from the Congress,

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00:27:51,960 --> 00:27:53,919
Speaker 1: but we did not have any buy in from Senate

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00:27:54,720 --> 00:27:57,000
Speaker 1: until after the election, and that seems to have fated.

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00:27:57,080 --> 00:28:00,159
Speaker 1: So I hope that there's there can be some um

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00:28:00,880 --> 00:28:05,359
Speaker 1: revival of these talks, because again, we're heading into a

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00:28:05,480 --> 00:28:09,240
Speaker 1: really tough stretch of the economy with um potentially the

456
00:28:09,320 --> 00:28:12,760
Speaker 1: bottom falling out for millions of Americans this winter, businesses

457
00:28:12,800 --> 00:28:15,959
Speaker 1: that are going to shut for good UM, and uh,

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00:28:16,200 --> 00:28:20,400
Speaker 1: it's it's really uh seems crazy that they can't come

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00:28:20,480 --> 00:28:23,560
Speaker 1: together in the Lame Duck and work on something when

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00:28:23,640 --> 00:28:26,879
Speaker 1: they know how badly it's needed. Again, I think that

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00:28:27,040 --> 00:28:30,080
Speaker 1: this is what the president is doing to attack democracy

462
00:28:30,280 --> 00:28:33,800
Speaker 1: is consuming everything and that's unfortunate because they need to

463
00:28:33,880 --> 00:28:36,720
Speaker 1: get back to the table with some kind of COVID

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00:28:36,800 --> 00:28:40,720
Speaker 1: relief as soon as possible and waiting until January is irresponsible,

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00:28:40,840 --> 00:28:43,720
Speaker 1: and just three follow up points on that. First, tomorrow,

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00:28:44,160 --> 00:28:47,360
Speaker 1: President elect Joe Biden and Vice President elect Kamala Harris

467
00:28:47,400 --> 00:28:50,520
Speaker 1: will meet in person with HOW Speaker Nancy Pelosi and

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00:28:50,560 --> 00:28:56,280
Speaker 1: Sentimentarity Leader Chuck Schumer. Secondly, earlier today, Speaker Pelosi staff

469
00:28:56,400 --> 00:28:59,520
Speaker 1: as well as Leader McConnell's staff met to hash out

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00:28:59,600 --> 00:29:02,400
Speaker 1: some d tales on that cr Let's not forget that

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00:29:02,480 --> 00:29:06,959
Speaker 1: they've got to avoid a government shutdown around by December eleven,

472
00:29:07,440 --> 00:29:10,800
Speaker 1: uh and Mark Meadows is suggesting that our government shutdown

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00:29:10,920 --> 00:29:13,560
Speaker 1: is not completely off the table, so they appear to

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00:29:13,640 --> 00:29:16,240
Speaker 1: be inching toward a deal on that front one point

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00:29:16,360 --> 00:29:20,440
Speaker 1: four trillion dollars and just thirdly on the economic front.

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00:29:20,520 --> 00:29:23,240
Speaker 1: Just to to add some data to this, US initial

477
00:29:23,360 --> 00:29:27,440
Speaker 1: jobless claims rose for the first time in five weeks.

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00:29:27,560 --> 00:29:31,520
Speaker 1: Applications for US state unemployment benefits rose for the first

479
00:29:31,600 --> 00:29:35,640
Speaker 1: time in five weeks and remained well above pre virus levels,

480
00:29:35,680 --> 00:29:38,800
Speaker 1: suggesting that the labor market recovery is slowing amid a

481
00:29:38,880 --> 00:29:42,760
Speaker 1: surging pandemic and fresh new business restrictions across the country.

482
00:29:43,120 --> 00:29:47,320
Speaker 1: All Right, Dan Lettman what's on your radar? Well, I think,

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00:29:47,480 --> 00:29:50,320
Speaker 1: just to continue the point that you make, Kevin, at

484
00:29:50,400 --> 00:29:54,480
Speaker 1: the end of the year, we're facing this coronavirus unemployment quip,

485
00:29:54,880 --> 00:29:59,160
Speaker 1: twelve million workers who lose their unemployment benefits as of

486
00:29:59,200 --> 00:30:02,080
Speaker 1: the last day of the year. These are are workers

487
00:30:02,120 --> 00:30:05,080
Speaker 1: who are getting benefits because of the Cares Act, so

488
00:30:05,480 --> 00:30:09,120
Speaker 1: they're getting federal benefits where their state benefits expired, or

489
00:30:09,200 --> 00:30:12,560
Speaker 1: their gig workers who didn't qualify for an unemployment under

490
00:30:12,760 --> 00:30:16,719
Speaker 1: a traditional definition. For twelve million workers to use their

491
00:30:16,760 --> 00:30:20,640
Speaker 1: benefits all at once, they know going into Christmas they're

492
00:30:20,680 --> 00:30:23,040
Speaker 1: not going to get this. They're gonna lose their benefits.

493
00:30:23,440 --> 00:30:28,040
Speaker 1: That's catastrophic for an economy that's already foundering. Yeah, that's

494
00:30:28,040 --> 00:30:31,800
Speaker 1: a good one, and it's uh, you're you're absolutely absolutely right,

495
00:30:31,880 --> 00:30:36,000
Speaker 1: And just uh to flash a headline that just came

496
00:30:36,000 --> 00:30:39,240
Speaker 1: across my Bloomberg terminal. Georgia is set to certify a

497
00:30:39,360 --> 00:30:43,120
Speaker 1: win for Biden on November twentie so we're following obviously

498
00:30:43,240 --> 00:30:47,400
Speaker 1: that as the state certifications continue to enter forward. Started

499
00:30:47,440 --> 00:30:50,880
Speaker 1: what's on your radar, Kevin? I really don't know how

500
00:30:50,920 --> 00:30:54,280
Speaker 1: many of your listeners wasted time today watching Rody Giuliani's

501
00:30:54,360 --> 00:30:59,560
Speaker 1: performance um putting on a press conference with nonsensical claims

502
00:30:59,680 --> 00:31:04,160
Speaker 1: and implicit threats from a variety of characters in addition

503
00:31:04,240 --> 00:31:08,320
Speaker 1: to him, but really entering a stage where we cannot

504
00:31:08,360 --> 00:31:10,920
Speaker 1: wait until January fit for the Republican Party to tell

505
00:31:10,960 --> 00:31:13,560
Speaker 1: their voters that this has been a free and fair election.

506
00:31:13,720 --> 00:31:16,680
Speaker 1: Just like the Homeland Security Department said, what the president

507
00:31:16,800 --> 00:31:19,680
Speaker 1: is doing is outrageous. It's an attack on democracy. It

508
00:31:19,840 --> 00:31:22,560
Speaker 1: is a complete and utter Cohn and a complete and

509
00:31:22,640 --> 00:31:25,640
Speaker 1: under lie. Republican leaders across the party and at the

510
00:31:25,800 --> 00:31:29,240
Speaker 1: RNC know this. They are silent, and they're complicit, and

511
00:31:29,360 --> 00:31:32,880
Speaker 1: we cannot sit here in a no man's land as

512
00:31:32,960 --> 00:31:36,920
Speaker 1: he continues to make up these fantasies and really tear

513
00:31:37,000 --> 00:31:39,520
Speaker 1: down our system, not only for this presidency but for

514
00:31:39,640 --> 00:31:43,160
Speaker 1: any future election until the Georgia runoff. Something has to

515
00:31:43,240 --> 00:31:49,640
Speaker 1: happen soon. Do you think that this will lead in

516
00:31:49,720 --> 00:31:53,560
Speaker 1: a year or so to a non partisan election commission,

517
00:31:53,720 --> 00:31:58,000
Speaker 1: because clearly Democrats several years ago had concerns about foreign interference,

518
00:31:58,040 --> 00:32:00,520
Speaker 1: many and not just Democrats intelligence to community, a lot

519
00:32:00,520 --> 00:32:03,680
Speaker 1: of people did, uh. And now Republicans are are raising

520
00:32:03,800 --> 00:32:05,640
Speaker 1: concerns of their own. Do you think we could get

521
00:32:05,640 --> 00:32:09,600
Speaker 1: a positive outcome? I really hope people go to invest

522
00:32:09,680 --> 00:32:12,720
Speaker 1: in a lot of um of protections of our system.

523
00:32:13,240 --> 00:32:17,480
Speaker 1: After President Trump lan's office and we're into a new administration,

524
00:32:17,560 --> 00:32:20,440
Speaker 1: I would like a lot of government reforms having to

525
00:32:20,560 --> 00:32:23,480
Speaker 1: do with conflicts of business interests and nepotism all the

526
00:32:23,560 --> 00:32:26,640
Speaker 1: way through election security. It's extremely important, though, to thank

527
00:32:26,680 --> 00:32:30,680
Speaker 1: the people that made this most secure election ever happen

528
00:32:30,760 --> 00:32:34,640
Speaker 1: in a pandemic um with a sabotage postal services. Actually

529
00:32:34,680 --> 00:32:37,520
Speaker 1: a miracle what these heroes were able to pull off. Yes,

530
00:32:37,680 --> 00:32:39,520
Speaker 1: we can make it better. All right, here's it's on

531
00:32:39,600 --> 00:32:42,520
Speaker 1: my radar. We're gonna go. Geopolitical Secretary of State Mike

532
00:32:42,600 --> 00:32:45,920
Speaker 1: Pompeo became the first top US diplomat to visit an

533
00:32:46,000 --> 00:32:50,560
Speaker 1: Israeli settlement in the West Bank, infuriating Palestinians and underscoring,

534
00:32:50,640 --> 00:32:53,400
Speaker 1: in his waning days as president just how much Donald

535
00:32:53,440 --> 00:32:57,000
Speaker 1: Trump bound his administration's Israel. Shortly after the visit, the

536
00:32:57,120 --> 00:33:00,840
Speaker 1: State's Department announced that imported goods produced and some Israeli

537
00:33:00,920 --> 00:33:04,520
Speaker 1: settlements can be labeled made in Israel, breaking with longstanding

538
00:33:04,800 --> 00:33:08,320
Speaker 1: American policy. It called the change quote consistent with our

539
00:33:08,480 --> 00:33:12,520
Speaker 1: reality based foreign policy approach end quote. The lenient attitude

540
00:33:12,560 --> 00:33:16,800
Speaker 1: towards the settlement stands in sharp contrast to international consensus

541
00:33:17,040 --> 00:33:19,880
Speaker 1: which regards them as a violation of international law, and

542
00:33:20,320 --> 00:33:24,680
Speaker 1: is now an opportunity for Secretary Pompeo to continue with

543
00:33:25,200 --> 00:33:28,960
Speaker 1: what has really been a very pro Israel approach to

544
00:33:29,080 --> 00:33:31,920
Speaker 1: how he has led the State's Apartment. I'm reading and

545
00:33:32,000 --> 00:33:35,680
Speaker 1: paraphrasing from Nick Wadham's reporting on the Bloomberg terminal for

546
00:33:36,040 --> 00:33:38,760
Speaker 1: for Israeli Americans. I mean, this was a huge, huge

547
00:33:38,840 --> 00:33:44,080
Speaker 1: win UH, and Secretary Pompeo again continuing with this what

548
00:33:44,320 --> 00:33:48,680
Speaker 1: I think will be, you know, objectively speaking, a massive

549
00:33:49,360 --> 00:33:52,360
Speaker 1: part of his legacy in terms of his tenure at

550
00:33:52,440 --> 00:33:56,040
Speaker 1: the State's Department and what his team and Brian Hook

551
00:33:56,120 --> 00:33:59,440
Speaker 1: and all of those individuals have been doing at the

552
00:33:59,480 --> 00:34:03,280
Speaker 1: State's apart Artman. So no doubt a major milestone to

553
00:34:03,440 --> 00:34:07,920
Speaker 1: have UH again the first top US diplomat at an

554
00:34:08,000 --> 00:34:12,600
Speaker 1: Israeli settlement, and he traveled there um during this week.

555
00:34:12,719 --> 00:34:15,919
Speaker 1: My thanks to Drew Littman, policy director at Brownsing, Hyde, Farber,

556
00:34:15,960 --> 00:34:18,800
Speaker 1: and Trek. Tell your all, boss, former chief of Staffer

557
00:34:18,880 --> 00:34:20,520
Speaker 1: Center Alfred, I can tell your all boss to do

558
00:34:20,600 --> 00:34:22,719
Speaker 1: an interview with me. I'm guest hosting Balance of Power

559
00:34:22,840 --> 00:34:24,839
Speaker 1: next week. I would love to have him on, Drew

560
00:34:25,440 --> 00:34:28,920
Speaker 1: uh And I'm off tomorrow, folks, and but I'll be

561
00:34:29,000 --> 00:34:32,200
Speaker 1: back one day. And my also gratitude to a By Stoddard,

562
00:34:32,239 --> 00:34:35,080
Speaker 1: who is Nick's really my dad is president of Aby

563
00:34:35,120 --> 00:34:37,080
Speaker 1: Staters fan Club. And when I got the radio show

564
00:34:37,120 --> 00:34:39,120
Speaker 1: set to me, do you think you can book Aby Stoddard?

565
00:34:39,200 --> 00:34:42,480
Speaker 1: I said, I hope so, Associate editor, real clear politics

566
00:34:42,520 --> 00:34:45,399
Speaker 1: always makes me more informed and smarter. Thank you both

567
00:34:45,840 --> 00:34:50,040
Speaker 1: for spending the time, and thanked you to you as

568
00:34:50,080 --> 00:34:54,360
Speaker 1: well for listening. I'm incredibly appreciative of that, truly. I

569
00:34:54,440 --> 00:34:57,600
Speaker 1: am of Kevin CURRELI chief autun to correspondent for Bloomberg

570
00:34:57,840 --> 00:35:02,520
Speaker 1: Television and Bloomberg Radio, and you're listening to Bloomberg one