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Speaker 1: Bloomberg Audio Studios, Podcasts, radio news. You're listening to the

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Speaker 1: Bloomberg Balance of Power podcast. Catch us live weekdays at

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Speaker 1: noon and five pm Eastern on Apple Coarckley and Android

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Speaker 1: Auto with the Bloomberg Business App. Listen on demand wherever

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Speaker 1: you get your podcasts, or watch us live on YouTube.

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Speaker 2: I'm Joe Matthew in Washington.

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Speaker 3: Thanks for being with us on Balance of Power alongside

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Speaker 3: Tyler Kendall here in the nation's capital on what is

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Speaker 3: expected to be the last day of the longest government

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Speaker 3: shutdown in American history. The votes are teed up for

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Speaker 3: a few hours from now, and we're going to have

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Speaker 3: a special edition of Balance of Power for you starting

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Speaker 3: at five pm Eastern as all of this is set

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Speaker 3: to get going with Tyler, as we kind of unpack

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Speaker 3: everything that we just heard from Kevin Hassett really interesting.

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Speaker 3: Beginning with the shutdown itself, he says it will have

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Speaker 3: an impact on GDP, which could come in quarterly between

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Speaker 3: one and a half two percent. For the year, he's

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Speaker 3: targeting about two percent. Set inflation is not all the

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Speaker 3: way down to where you'll want it to be, was

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Speaker 3: the quote. But he agrees with the presidents that rates

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Speaker 3: can be a lot lower.

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Speaker 2: Right.

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Speaker 4: I was actually pretty struck by the laughter in the

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Speaker 4: room when he was asked why he would want to

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Speaker 4: be the next bed chair. Of course he's on the

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Speaker 4: shortlist for that. He also said, if he's reading the

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Speaker 4: tea leaves, he's looking at a likely twenty five basis

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Speaker 4: point cut when the FMC meets in December. But of course,

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Speaker 4: the backdrop here the fact that we haven't gotten as

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Speaker 4: much economic data as there should be. As we try

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Speaker 4: to weed through the forecast.

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Speaker 2: We're learning a little more about that.

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Speaker 3: By the way, I guess within forty eight hours of

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Speaker 3: the government reopening, we'll get a new calendar from BLS,

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Speaker 3: and then you know, it's off to the races at

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Speaker 3: that point.

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Speaker 2: Liz PENCOTTI is with us.

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Speaker 3: I'm glad to say, managing director Policy Advocacy at the

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Speaker 3: Groundwork Collaborative, having listened to that conversation and sort of

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Speaker 3: noting broadly what's happening here against the backdrop of a

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Speaker 3: government shut down, Liz, welcome back. It's great to see you.

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Speaker 3: This is going to have an impact on data. The

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Speaker 3: question is when do we start seeing data. BLS is

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Speaker 3: going to take some time and We're never going to

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Speaker 3: fill these gaps that we have for the month of October,

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Speaker 3: are we No.

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Speaker 5: I mean, there was some data collection that was already

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Speaker 5: in process prior to the government shutdown for what was

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Speaker 5: to be released in October. The government shutdown on September thirty.

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Speaker 2: We get a stale September Jobs report.

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Speaker 5: We'll get a stee September Jobs report, we may get

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Speaker 5: some CPI indications, kind of a mini release, and then

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Speaker 5: we will hopefully start to get back to collecting data.

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Speaker 5: Some of the data that goes into especially the jobs report,

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Speaker 5: is reported on a pretty continual basis. It is not

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Speaker 5: a survey that phone calls or online surveys have to

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Speaker 5: go out to households. It's kind of incoming data. So

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Speaker 5: it's sifting through that, analyzing it, and then getting the

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Speaker 5: surveys back on track. That will probably take a couple

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Speaker 5: of weeks to get those stale reports, and then hopefully

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Speaker 5: by the beginning of the year we'll have an accurate picture.

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Speaker 5: But of course the FED we'll have to meet once

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Speaker 5: again before that without that full picture.

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Speaker 4: So let's talk about where we currently stand from what

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Speaker 4: we do know. What are the indicators that you've been

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Speaker 4: watching for as we try to piece together a picture

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Speaker 4: particularly related to the labor market, because of course we're

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Speaker 4: talking about two missed monthly jobs reports.

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Speaker 5: Yeah, un Fortunately, the private sector data, as you both know,

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Speaker 5: is not always the most high quality or the most sensitive.

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Speaker 5: You know, we've seen ADP kind of all over the place.

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Speaker 5: But what we have seen is record numbers of layoffs

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Speaker 5: when we look at the Challenger report, That to me

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Speaker 5: is a little bit concerning. We had started to see

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Speaker 5: layoffs tick up, but they were still within a normal range,

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Speaker 5: and we got information from Challenger last week that they

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Speaker 5: were really at historic highs. The other thing I have

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Speaker 5: been watching is among small businesses how hiring has been faring.

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Speaker 5: And we've seen both in Gusto, another private payroll processor,

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Speaker 5: and ADP. Those small business numbers not look great. Small

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Speaker 5: businesses obviously employ about half of workers in the United States.

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Speaker 5: They have been hit the hardest by tariffs, just unable

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Speaker 5: to kind of increase inventories and keep cash on the

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Speaker 5: books as interest rates are very high. So those are

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Speaker 5: the couple of things I am looking out for. And

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Speaker 5: then we've gotten some indications that seasonal temporary hiring will

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Speaker 5: be down through the season. Which is typically a big

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Speaker 5: kind of push. In many areas. We saw Spirit Halloween

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Speaker 5: really slow their openings, and we are seeing for the

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Speaker 5: retail spending ahead of the holiday season that not to

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Speaker 5: look so great given where consumers are, and so a

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Speaker 5: lot of retailers are holding back on hiring.

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Speaker 3: Caroline Levitt was just asked about the lack of data

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Speaker 3: she's holding forth in the White House briefing room. Now,

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Speaker 3: the Press secretary at the White House check this out,

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Speaker 3: Liz October CPI in jobs data likely never to be

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Speaker 3: released for October. I guess you can't go back in

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Speaker 3: time and get that snapshot. Will it be more difficult

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Speaker 3: for the Federal Reserve to understand the impact of this

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Speaker 3: government shutdown if we start putting numbers on data like

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Speaker 3: this between one and a half to two percent growth

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Speaker 3: this quarter according to Kevin Hassett. What happens though, when

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Speaker 3: you cut off forty two million Americans from snap benefits

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Speaker 3: for a month, What do you know what the impact

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Speaker 3: of that is?

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Speaker 5: The snap benefits, you know, even knowing what when they'll

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Speaker 5: be turned back on is something we we don't know

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Speaker 5: right now. A lot of states were able to send

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Speaker 5: out at least partial benefits, either because governor stepped in

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Speaker 5: or we had a couple of late breaking court rulings

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Speaker 5: forcing some of that money to go out. The administration

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Speaker 5: has not committed to a specific schedule for when those

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Speaker 5: benefits will resume going out. I think, you know, there's

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Speaker 5: a tension in wanting to know what the effects of

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Speaker 5: the shutdown were after the shutdown is over, and for

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Speaker 5: the FED, especially in other policy makers, to know what

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Speaker 5: the current state of the economy is. I would put

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Speaker 5: those in the opposite order of we need to know

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Speaker 5: exactly what our economy looks like right now so we

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Speaker 5: can make decisions about interest rates, about fiscal policy. It

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Speaker 5: would be nice to have that historical look back, but

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Speaker 5: missing one month is not catastrophic. I think the bigger

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Speaker 5: issue is that we are unlikely to have that data

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Speaker 5: by the FED meeting in a couple of weeks here

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Speaker 5: for the current snapshot, which is the more concerning thing

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Speaker 5: to me than missing those data points. But you know,

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Speaker 5: we saw the President a couple times in the last

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Speaker 5: week say inaccurate things about how prices are down. We

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Speaker 5: saw that Walmart report about a Thanksgiving meal costing us,

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Speaker 5: when in fact they were just moving around all of

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Speaker 5: the items that go into that. I think the more

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Speaker 5: and more that the administration tries to rely on fuzzy

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Speaker 5: private market data as they you know, withhold that information

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Speaker 5: about the typical reliable government reports, that to me is

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Speaker 5: more concerning.

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Speaker 4: I did want to ask you also about the broader

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Speaker 4: backdrop of the economy here when it comes to tariffs.

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Speaker 4: You brought up tariffs. It was also part of this

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Speaker 4: conversation that we just heard with Kevin Hassett, and he

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Speaker 4: said that the administration is considering some of these other

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Speaker 4: tariff authorities as the Supreme Court looks at the big

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Speaker 4: one i EPA, those broad based tariffs based on emergency powers.

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Speaker 4: We are. President Trump earlier this week suggests that there

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Speaker 4: could be two thousand dollars refund checks. How do these

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Speaker 4: headlines jive when you have the administration looking at disbursing

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Speaker 4: money from tariff revenue, but also preparing a backstop if

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Speaker 4: those tariffs get struck down.

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Speaker 5: You know, in the Supreme Court arguments last week, we

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Speaker 5: really saw these solicitors struggle with how to respond to

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Speaker 5: questions from the just just says about these revenue effects

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Speaker 5: of the tariffs. They say they're minor the President tweets

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Speaker 5: out that they're going to be four jillion dollars, the

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Speaker 5: President truths again that they're going to be three trillion dollars,

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Speaker 5: and they're going to fund stimulus checks. I mean, it's

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Speaker 5: really all over the place and quite incoherent. I'd say,

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Speaker 5: on the checks, I am not running out to put

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Speaker 5: two thousand dollars on my credit card because I think

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Speaker 5: the government will be sending me a check in the

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Speaker 5: next thirty days, and I would not suggest that anyone

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Speaker 5: else do so. And then, you know, I think we're

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Speaker 5: likely even if the Supreme Court does weigh in on

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Speaker 5: those emergency i EPA tariffs. The Trump administration has signaled

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Speaker 5: and they have even started, you know, over a dozen

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Speaker 5: investigations using those other authorities on specific inputs, so that

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Speaker 5: could be you know, copper, aluminum, semiconductors, but we could

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Speaker 5: see those spread to other industries using other authorities, some

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Speaker 5: of which you know, could allow him to enact time

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Speaker 5: limited across the board tariffs of ten to fifteen percent.

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Speaker 5: Others would require six month typically investigations before they could

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Speaker 5: put higher rates on.

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Speaker 3: Them, so there would be an interruption then waiting for

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Speaker 3: the next round of tariffs to come in that world.

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Speaker 3: Would the money need to be paid back during that

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Speaker 3: period of time? I guess the court needs to decide that, Lizen,

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Speaker 3: I won't make you decide that now.

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Speaker 2: I guess the question I have is what happened?

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Speaker 3: President says it will ruin the country, It'll destroy the

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Speaker 3: country to pay back what he says is three trillion dollars.

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Speaker 3: It seems to be in the billions, not the trillions.

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Speaker 3: But what would be the impact of running checks like that.

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Speaker 5: There's kind of two separate things happening right here. So

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Speaker 5: one is if the IEPA tariffs that have been somewhat

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Speaker 5: collected over the last six months my customs, there are

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Speaker 5: lots of delays and lots of kind of mixed implementation

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Speaker 5: of those. If the Supreme Court strikes down those tariffs,

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Speaker 5: there are already companies lining up as part of class

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Speaker 5: action lawsuits trying to get those refunds from the Treasury

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Speaker 5: Department for the tariffs that they've paid. I think it's

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Speaker 5: very unlikely those would then be passed on to consumers,

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Speaker 5: though some consumers did directly pay those tariffs on shipments

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Speaker 5: to their doorsteps.

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Speaker 2: To get the class action lawsuit.

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Speaker 5: Going correct, which is a whole other disaster and of itself.

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Speaker 5: And I think you have both seen how long it

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Speaker 5: takes for lawsuits to work through our court system. So

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Speaker 5: that's one aspect. The President is separately suggesting that these

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Speaker 5: magical dividend checks will be sent out to consumers that

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Speaker 5: are completely separate, so those would be funded by the

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Speaker 5: revenue from the tariffs coming in. The tariffs, which could

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Speaker 5: of course be interrupted by the Supreme Court's ruling. But

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Speaker 5: as you said, there are not three to four trillion

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Speaker 5: dollars worth of revenue. We have at most seen you know,

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Speaker 5: two to three hundred billion dollars taken in in revenue,

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Speaker 5: and the administration has drawn on that pot of money

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Speaker 5: to pay for this, that and the other over the

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Speaker 5: course of the last six months, trying to pay troops,

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Speaker 5: or trying to pay snap benefits, or you know, paying

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Speaker 5: for the ballroom. I mean there. He seems to view

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Speaker 5: this as kind of an unlimited slush fund. Whether he

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Speaker 5: spends it or tweets it out, this is really not

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Speaker 5: a thing I think the American people can rely on.

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Speaker 4: We actually have a great story on the Bloomberg terminal

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Speaker 4: about how there's already a case forming for a class

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Speaker 4: action so that we could see those tariff reefunds paid

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Speaker 4: out more broadly, because we know that the issue of

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Speaker 4: universal junctions has come up before with this administration on

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Speaker 4: it sticking on at tariffs. We heard from the Treasury

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Speaker 4: Secretary Scott Besson earlier today who said that we could

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Speaker 4: see some potential planned reductions when it comes to things

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Speaker 4: like coffee, bananas, other food that we don't grow here

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Speaker 4: in the US. How would targeted reductions work and does

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Speaker 4: that make a dent when we're talking about potential pass

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Speaker 4: throughs and prices for consumers.

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Speaker 5: The targeted carve outs are very complicated to implement, as

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Speaker 5: are the broad sweeping tariffs that the President has put

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Speaker 5: into place. They also seem to the administration has historically

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Speaker 5: not stuck with the thing that they announced. So do

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Speaker 5: I think that it will be smooth sailing for exempted coffee, bananas,

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Speaker 5: et cetera. No, because none of these tariffs have been

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Speaker 5: smooth sailing. I think this is a really fascinating press

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Speaker 5: tour that you know, both Vest and Hassett are doing

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Speaker 5: right now, where they realize that American people are very

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Speaker 5: frustrated with higher prices. The President campaigned on lowering prices.

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Speaker 5: On day one last week, he walked this back, saying

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Speaker 5: that's a twenty six priority for them. So I guess

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Speaker 5: this is kicking off that tour. But you know, a

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Speaker 5: couple of months ago, the President said groceries, what a

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Speaker 5: fascinating word.

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Speaker 6: No one.

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Speaker 5: I wonder where that word came from. And I guess

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Speaker 5: now he has figured to help them. In fact, the

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Speaker 5: American people do care about their grocery prices. We of course,

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Speaker 5: do not grow coffee or bananas here in the United States.

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Speaker 5: It's not so much about onshoring supply chains just genuinely impossible.

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Speaker 5: And so now they are exploring these you know, limited

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Speaker 5: carve outs. We have seen the President look at other

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Speaker 5: limited carveouts. There was a deal struck with Apple where

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Speaker 5: they would be able to get out of semiconductor tariffs.

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Speaker 5: These have been you know, implemented in different ways, and

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Speaker 5: in many cases tariffs are not being collected anyway because

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Speaker 5: there's so much confusion at the border. So do I

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Speaker 5: expect you know, bananas to magically become cheaper at the

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Speaker 5: grocery store in the next couple of weeks. No, I

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Speaker 5: mean coffee's up twenty thirty percent over the past year.

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Speaker 5: And there are a number of other grocery costs that

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Speaker 5: are not so impacted by the tariffs. Ground beef is

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Speaker 5: up double digits over the past year. Given other issues

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Speaker 5: in the economy that tariffs will not really affect, though,

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Speaker 5: I guess the president is looking at increasing imports from

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Speaker 5: Argentina to fix that problem.

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Speaker 3: Well, he does cite beef pretty frequently. That is, the

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Speaker 3: whole grocery store is cheaper, but beef is the cost

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Speaker 3: that we need to deal with. And of course he's

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Speaker 3: running a foul our ranchers here in the United States,

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Speaker 3: the cattlemen who have been not terribly happy about that idea.

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Speaker 2: What is his obsession with grocery? You brought this up?

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Speaker 3: He says it's an old word, a beautiful word, a

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Speaker 3: strange word, grocery, And then he started using blt as

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Speaker 3: a descriptor of what grocery is, bacon, let us tomato.

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Speaker 3: Has he ever been in a grocery store? Ah, that's

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Speaker 3: a great question, being serious about that.

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Speaker 5: I would love to have, you know, a Bloomberg reporter

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Speaker 5: ask that the next time that they get a press

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Speaker 5: briefing question. It's a good one.

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Speaker 3: You remember the gallon of milk with George Bush. These

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Speaker 3: used to be like treacherous ground for a politician. It's

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Speaker 3: not anymore, is it.

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Speaker 6: Yes?

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Speaker 5: I mean I remember President Joe Biden opening up a

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Speaker 5: bag of chips and saying, there's not too many curritos

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Speaker 5: in here, right. I think, you know, maybe we'll see

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Speaker 5: as part of this press store Donald Trump going to

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Speaker 5: Kroger and take a couple of things off the shelf.

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Speaker 2: I would be seriously when this stuff happened.

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Speaker 5: How long it's been since he went into a Kroger

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Speaker 5: and pulled a cup things off the shelf. But you know,

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Speaker 5: we saw in elections last week in Virginia, New York City,

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Speaker 5: and New Jersey and even in Georgia where power bells

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Speaker 5: were on the ballot that Americans are really frustrated by

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Speaker 5: the prices they're paying, whether it's at the grocery store,

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Speaker 5: the gas pump for rent. And I think the President

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Speaker 5: hates to be an unpopular guy. His approval readings on

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Speaker 5: the economy and inflation are in the tank, and he

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Speaker 5: realizes that he's going to have to get acquainted with

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Speaker 5: the beautiful word groceries if he wants to turn it around.

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Speaker 2: It's a little fashion word, Tyler.

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Speaker 4: Yes, okay, well, this has been great insight after that

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Speaker 4: conversation between Kevin Hassett and Yeah.

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Speaker 2: I'm glad we can spend some time. This is a

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Speaker 2: great dive.

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Speaker 3: We should keep this going actually, as long as the

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Speaker 3: press tour is on the radio.

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Speaker 4: All right, Liz Pancotti, Managing director of Policy and Advocacy

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Speaker 4: at the Groundwork Collaborative, thanks so much.

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Speaker 2: Stay with us on Balance of Power. We'll have much

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Speaker 2: more coming up after this.

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Speaker 1: You're listening to the Bloomberg Balance of Power podcast. Catch

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Speaker 1: us live weekdays at noon and five pm Eastern on

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Speaker 1: apple Cocklay, Android Otto with the Bloomberg Business app. Listen

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Speaker 1: on demand wherever you get your podcasts, or watch us

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Speaker 1: live on YouTube.

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Speaker 3: Counting down to some important votes in the House of

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Speaker 3: Representatives on what is expected to be the last day

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Speaker 3: of the longest government shut down in American history, and

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Speaker 3: it's a pleasure to bring in a voice from the

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Speaker 3: House of Representatives now that the Chamber.

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Speaker 2: Is back in session.

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Speaker 3: Democratic Congressman Rocanna of California is with us live from

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Speaker 3: Capitol Hill, and Congressman, it's good to see you back

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Speaker 3: in the Capitol here welcome back to Bloomberg TV and Radio.

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Speaker 2: We've missed our conversations.

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Speaker 3: I know that a lot of Democrats are pretty unhappy

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Speaker 3: about the way this has gone in the Senate, and

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Speaker 3: you're not terribly happy with the way Senator Chuck Schumer

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Speaker 3: has handled things. Now that the bill is coming into

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Speaker 3: your chamber, are you a no vote?

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Speaker 6: I'm a no vote because I don't believe we can

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Speaker 6: sit idly buy like while twenty million Americans face astronomical

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Speaker 6: spikes in their healthcare, we have a moral responsibility to

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Speaker 6: make sure people have food assistants, to make sure they

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Speaker 6: have healthcare, and we're not meeting that moment.

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Speaker 2: A congressman.

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Speaker 4: President Trump has said that he's willing to negotiate on healthcare.

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Speaker 4: Isn't it better to negotiate what the government reopened, alleviate

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Speaker 4: the stress on our air travel system, get food benefits

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Speaker 4: to Americans, and pay our federal workers.

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Speaker 6: Well, we could have done all of that. I mean,

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Speaker 6: the president held this country hostage. He refused to release

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Speaker 6: aid food aid for Americans, which would have cost nine

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Speaker 6: billion dollars, while he's giving forty billion dollars to a

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Speaker 6: corrupt libertarian in Argentina. My question for the President is

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Speaker 6: why aren't you putting Americans first? Why are you withholding

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Speaker 6: aid from American kids and giving money to Argentina Instead,

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Speaker 6: we should have been funding the food, We should have

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Speaker 6: been funding our federal workers and paying our troops, and

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Speaker 6: then we could be negotiating on healthcare to make sure

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Speaker 6: that twenty million people under Donald Trump's watch are not

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Speaker 6: going to have the largest increase in healthcare since Barack Obama.

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Speaker 3: We understand that you will have a new colleague in

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Speaker 3: the House as of a couple of hours from now.

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Speaker 3: Congressman is Adelita Grihalva is at last sworn in, having

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Speaker 3: been elected on September twenty third. This means only a

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Speaker 3: two vote margin if you will for Speaker Johnson in

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Speaker 3: passing this CR minibus package. It also means you have

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Speaker 3: the vote that you need to bring the Jeffrey Epstein

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Speaker 3: discharge petition to the floor of the House. How quickly

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Speaker 3: do you expect that will happen and does it need

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Speaker 3: to pass the Senate?

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Speaker 6: I expect that Adelita Grihova will sign today that gives

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Speaker 6: us two and eighteen and early December.

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Speaker 2: We will have a vote. But look, the.

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Speaker 6: Epstein class in American politics need to go. These are

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Speaker 6: rich and powerful people who either covered up for Jeffrey

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Speaker 6: Epstein or who themselves abused young girls, and the American

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Speaker 6: people are tired of it. They're tired of one set

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Speaker 6: of rules for rich people who have friends who are politicians,

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Speaker 6: and another set of rules for ordinary Americans. So I

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Speaker 6: believe the House will pass this, and it's going to

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Speaker 6: send a message for the full release of the Epstein

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Speaker 6: files and for the Senate to pass it.

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Speaker 3: I know that you want to bring obviously all members

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Speaker 3: to account on this and have them take a vote,

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Speaker 3: which will take place in the House. But to be clear,

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Speaker 3: it does need to pass the upper chamber to force

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Speaker 3: the release of these files.

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Speaker 6: Congressmen, it does, and I believe that the vote margin

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Speaker 6: in the House will matter. If it just seeks through,

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Speaker 6: the Senate may kill it. But if we get forty

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Speaker 6: to fifty Republicans, as I am hearing we may, then

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Speaker 6: it's going to put a lot of pressure on the

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Speaker 6: Senate to act.

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Speaker 4: We're seeing the Democrats on the House Oversight Committee release

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Speaker 4: their own tranch of I believe twenty thousand emails today.

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Speaker 4: Could you give us any insight into the timing here

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Speaker 4: is this to coincide with your new colleague coming in

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Speaker 4: and momentum behind the discharge petition.

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Speaker 6: Well, we had a subpoena the Epstein estate. I had

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Speaker 6: written a letter to the Epstein estate with mister Comer,

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Speaker 6: and we had gotten these files. And one of the

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Speaker 6: things we got today we're emails where Jeffrey Epstein is

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Speaker 6: talking to Glaine Maxwell saying that Donald Trump is aware

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Speaker 6: that they're underage girls at the Epstein estate, and so

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Speaker 6: it implicates Trump in the Epstein files. And there's much

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Speaker 6: more to be released, but we just need it all

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Speaker 6: out there. We need transparency.

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Speaker 2: You made clear on Twitter.

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Speaker 3: The only reason these emails are out is that at

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Speaker 3: Lawrence has the survivor's lawyers on who gave me the

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Speaker 3: tip to subpoena of the estate. You asked, why did

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Speaker 3: Justice or the FBI not get and release these Do

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Speaker 3: you have an answer?

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Speaker 2: I don't.

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Speaker 6: I mean here they were claiming they're doing a thorough investigation,

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Speaker 6: they're going to do everything, and then you have a

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Speaker 6: congressman who's more focused on economic issues than anything along

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Speaker 6: Laurence O'Donnell, and a lawyer for the survivors basically says, hey,

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Speaker 6: tell the congressman, you should write a letter to the estate.

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Speaker 6: They have the documents, and so I write a letter

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Speaker 6: to the estate and get the documents. And you're telling

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Speaker 6: me that the FBI and the Justice Department couldn't do that.

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Speaker 6: Of course they could. They haven't taken this investigation seriously.

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Speaker 6: That's why Congress has gotten involved. We need a full

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Speaker 6: release of the Epstein files.

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Speaker 4: In the final minute that we have you, Congressman, I

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Speaker 4: know that you have been working on a ban crypto

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Speaker 4: corruption legislation. Now that the House is back in session,

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Speaker 4: can you give an update to us on this. And

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Speaker 4: I'm also curious about the linked here to your purchase

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Speaker 4: the ranking member on the Armed Services Committee, what's the

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Speaker 4: national security angle to this legislation.

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Speaker 6: Well, members of Congress and the President and their families

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Speaker 6: should not be trading cryptocurrencies and they should not be

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Speaker 6: trading stock. But look, the president's family has made millions

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Speaker 6: of dollars on cryptocurrency. They sold World Liberty as a

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Speaker 6: stable coin, and they have this guy who's gotten now

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Speaker 6: a pardon, a foreign billionaire who's basically accepting payments of

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Speaker 6: world This should not be going on. It makes us

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Speaker 6: vulnerable to foreign countries to foreign interests, and so my

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Speaker 6: bill is simple. No trading of cryptocurrency by any elected official,

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Speaker 6: whether it's in Congress, whether it's the Presidency, whether it's

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Speaker 6: the Supreme Court as an appointed person.

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Speaker 4: All right, Congressman Rocana, Democrat representing California's seventeenth district, thanks

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Speaker 4: so much for joining us here on Bloomberg Television and radio.

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Speaker 2: Thanks for listening to the Balance of Power podcast.

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Speaker 3: Make sure to subscribe if you haven't already, at Apple, Spotify,

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Speaker 3: us live every weekday from Washington, DC at noontime Eastern

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Speaker 3: at Bloomberg dot com