WEBVTT - Special Coverage: Mike Johnson Wins House Speaker Vote 

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news. Now the governing can begin,

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<v Speaker 1>Tim and Carroll, we got through the formalities, he can

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<v Speaker 1>swear in the members now listen.

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<v Speaker 2>He's got a feel relief, no doubt about it. But

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<v Speaker 2>Joe Matthew, I always wonder about politically, you know how

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<v Speaker 2>this looks better that it didn't go to a second

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<v Speaker 2>round or a third round. Nobody would argue that, but

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<v Speaker 2>that he didn't get it easily without having to have

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<v Speaker 2>some negotiating going on. What are the implications potentially of that,

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<v Speaker 2>or do we start governing next week and everybody forgets

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<v Speaker 2>about it.

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<v Speaker 3>I don't know.

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<v Speaker 1>Anybody we'll forget about any of this. Let's remember he

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<v Speaker 1>will have a majority if Donald Trump gets the members

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<v Speaker 1>he requested to join his administration, a majority of one.

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<v Speaker 1>So when you see Mike Johnson talking to Hakeim Jeffreys

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<v Speaker 1>on the floor there, rest assured. They're going to have

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<v Speaker 1>to work together to make anything happen. The next step,

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<v Speaker 1>of course, once we get through this swearing in the membership,

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<v Speaker 1>they're going to have to craft out a plan an

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<v Speaker 1>agenda that will include borer security and extending the Trump

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<v Speaker 1>tax cuts. They're going to have to avoid a government shutdown.

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<v Speaker 1>They're going to have to deal with raising the debt ceiling.

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<v Speaker 1>Doing all of that with a majority of one is

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<v Speaker 1>going to be very complicated for Mike Johnson, who is

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<v Speaker 1>now making his way toward the speaker's rostrum so he

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<v Speaker 1>can reclaim the gavel. A lot of happy folks here,

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<v Speaker 1>But to your point, I think, Carol, the hard part

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<v Speaker 1>actually starts now.

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<v Speaker 4>Did this vote today send any sort of message about

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<v Speaker 4>the power of Donald Trump. Mike Johnson was backed is

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<v Speaker 4>backed by Donald Trump, but not everybody in the party

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<v Speaker 4>fell in line today.

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<v Speaker 1>Donald Trump and Elon musked him. They both late in

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<v Speaker 1>the game endorsed Mike Johnson. We can argue that it

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<v Speaker 1>might have helped him actually get this done on the

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<v Speaker 1>first round, remembering that this had to happen today for

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<v Speaker 1>the vote certification on Monday, the sixth of January, right,

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<v Speaker 1>this is the next January sixth we're walking up on here.

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<v Speaker 1>You need to have a Congress to do that. That's

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<v Speaker 1>a joint session where that takes place in the very

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<v Speaker 1>chamber that we're looking at now, and you'll see Kamala

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<v Speaker 1>Harris preside over that vote certification. That was a point

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<v Speaker 1>of leverage that Kevin McCarthy didn't have, that even Mike

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<v Speaker 1>Johnson didn't have the last time around. And I suspect

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<v Speaker 1>that Donald Trump was involved in those conversations. Today we

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<v Speaker 1>saw Nancy Mace hand her cell phone over to Ralph

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<v Speaker 1>Norman at one point. I wonder who was on the

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<v Speaker 1>line there and whether that was a Florida area code.

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<v Speaker 1>That's the way this thing takes place now. That's the

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<v Speaker 1>way it's done now, and what would normally be kind

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<v Speaker 1>of a formality, you have to grind the gears a

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<v Speaker 1>little bit when you have so few people on your

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<v Speaker 1>side in this Republican conference.

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<v Speaker 2>I gotta say, Joe, I want to go back to

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<v Speaker 2>something earlier you said, and it's something that we have

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<v Speaker 2>many conversations with folks around this table, investment experts who

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<v Speaker 2>are wondering exactly what a Trump White House's second Trump

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<v Speaker 2>White House ultimately gets done. You talk about this slim

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<v Speaker 2>majority that will be there on the House and the

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<v Speaker 2>work that Mike Johnson will have to do to really

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<v Speaker 2>reach across the aisle. It does it is indicative of

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<v Speaker 2>maybe not everything, or not to the extremes in terms

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<v Speaker 2>of the policies we heard from Donald Trump on the

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<v Speaker 2>campaign trail ultimately get carried out.

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<v Speaker 3>Well, that's true.

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<v Speaker 1>I mean, remember, of course you've got a Republican House,

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<v Speaker 1>a Republican Senate, and a Republican White House. If it's

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<v Speaker 1>ever going to happen, it's now. But yes, the real

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<v Speaker 1>argument will likely fall along the lines of this tax

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<v Speaker 1>code reform. It's not just as simple anymore, right as

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<v Speaker 1>extending the Trump tax cuts. You have to add no

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<v Speaker 1>taxes on tips, no tax on overtime, no tax on

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<v Speaker 1>Social Security, mortgage interest, there were so many others involving

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<v Speaker 1>auto loans and things that. Never mind salt. We haven't

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<v Speaker 1>mentioned salt yet. Can you get all of that into

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<v Speaker 1>one bill? That's a tall order. So when you look

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<v Speaker 1>at promises made on the campaign trail, you have to

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<v Speaker 1>get into the granular and whether that's in fact possible.

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<v Speaker 1>Here we're looking at this live shop by the way

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<v Speaker 1>of Chip Roy in the back of the chamber, along

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<v Speaker 1>with some of his fellow members of the Freedom Caucus,

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<v Speaker 1>who were, you know, the troublemakers if you will, in

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<v Speaker 1>this case for Mike Johnson, even though he closed the

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<v Speaker 1>deal on round one. But what we're going to see

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<v Speaker 1>next is the speaker in the rostrum where he'll be

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<v Speaker 1>introduced by Haakim Jeffries and handed the gavel.

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<v Speaker 3>And this is the moment that they wanted, right.

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<v Speaker 1>They've got their family members, their kids are with them

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<v Speaker 1>in some cases today this is supposed to be a big,

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<v Speaker 1>raw raw photo op for the conference and they'll get

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<v Speaker 1>to that eventually once we get by the way back

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<v Speaker 1>to Washington and back to governing in a week or two.

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<v Speaker 3>It's also the confirmation.

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<v Speaker 1>Hearings that need to take place for Donald Trump's team,

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<v Speaker 1>and those are not going to go very easily for

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<v Speaker 1>the likes of Pete hag Seth, Tulsea Gabbard, RFK Junior.

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<v Speaker 1>So before we even get to writing legislation, Carol, there

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<v Speaker 1>are going to be some bumps on the road for

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<v Speaker 1>this Republican majority.

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<v Speaker 4>Is Thomas Massey one of those bumps on the road, Well.

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<v Speaker 1>Boy, he sure was today, although you know everyone saw

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<v Speaker 1>it coming, so I feel like they just kind of

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<v Speaker 1>factored him out. He's made very clear that he's not

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<v Speaker 1>about to change his vote for Mike Johnson no matter

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<v Speaker 1>what he is promised. So I think it's some of

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<v Speaker 1>the other members that Chip Roys, Marjorie Taylor Green was

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<v Speaker 1>on the side of Mike Johnson in this case, Andy Biggs,

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<v Speaker 1>some of those folks Andy Ogles and the Freedom Caucus

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<v Speaker 1>who don't like the way Mike Johnson handles budgeting, the

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<v Speaker 1>fact that he has worked with Democrats so far, they

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<v Speaker 1>might be more of the thorn in his.

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<v Speaker 2>Side, you know, all right, just to rehash if you're

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<v Speaker 2>just joining us on radio, TV, across our platforms, Republican

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<v Speaker 2>Mike Johnson winning re election as how Speaker, overcoming resistance

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<v Speaker 2>from a small but pivotal group of conservative hardliners after

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<v Speaker 2>a flurry of last minute talks and with the help

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<v Speaker 2>of a critical endorsement from President like Donald Trump. You know, Joe,

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<v Speaker 2>you understand the workings of Washington and what goes in

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<v Speaker 2>and around the nation's capital so well. It will be

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<v Speaker 2>an interesting second term of Donald Trump, and most already

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<v Speaker 2>say it's going to be different from the first White House.

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<v Speaker 2>I am curious if you were sitting down though, with

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<v Speaker 2>the Speaker, what would be your first question to him?

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<v Speaker 3>Boy?

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<v Speaker 1>You know, how often do you guys talk Because a

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<v Speaker 1>lot of people think Donald Trump is the real speaker,

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<v Speaker 1>and you've got arguably Donald Trump on one shoulder and

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<v Speaker 1>Elon Musk on the other. So this is really framed

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<v Speaker 1>by many the hardest job in Washington, at least the

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<v Speaker 1>most unwonted job in Washington is being the Speaker of

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<v Speaker 1>the House with.

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<v Speaker 3>Such a narrow mid major.

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<v Speaker 1>I guess i'd ask him, to what extent are you

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<v Speaker 1>willing to work with hackem Jeffreys as well, because they're

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<v Speaker 1>going to need each other to do anything in this case.

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<v Speaker 1>It's not so much a power sharing agreement in the

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<v Speaker 1>traditional sense when you'd have a real tie, but with

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<v Speaker 1>one member, my goodness, they're going to have to work

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<v Speaker 1>together on a lot of things here, and that's going

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<v Speaker 1>to make life more challenging for Mike Johnson. Question is again,

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<v Speaker 1>how quick can they get to the border? That's what

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<v Speaker 1>people want to see, those who brought Donald Trump back

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<v Speaker 1>to Washington, and that will likely be the first bill

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<v Speaker 1>that you see emerge.

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<v Speaker 4>How tenuous is Speaker Johnson's position right now? I think

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<v Speaker 4>back to the challenges that former House Speaker McCarthy faced, Yeah,

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<v Speaker 4>just a couple of years ago before this. How tenuous

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<v Speaker 4>is his position right now?

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<v Speaker 1>It's less tenuous simply by the math tim they're going

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<v Speaker 1>to be voting on a rules package that I refer

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<v Speaker 1>to already here. That's one of the next procedural things

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<v Speaker 1>that will take place that changes that motion to vacate.

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<v Speaker 1>We kept talking about the procedure through which you fire

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<v Speaker 1>the speaker, as Kevin McCarthy, he made a deal to

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<v Speaker 1>get that gavel by bringing it down to a single member.

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<v Speaker 1>That's partly why Matt Gates is famous at this point

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<v Speaker 1>because he took care of that. No longer in the House,

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<v Speaker 1>and by the way, he didn't show up today as

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<v Speaker 1>some thought he might. That number increased to nine. Now

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<v Speaker 1>it would take nine members to trigger a vote.

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<v Speaker 3>To fire the speaker.

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<v Speaker 1>So you've got a little bit of breathing room for

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<v Speaker 1>Mike Johnson procedurally but also politically because he's got Donald

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<v Speaker 1>Trump at his back, He's got Elon Musk behind him,

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<v Speaker 1>and will likely be in much better shape in this

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<v Speaker 1>Congress than anything we saw in the last.

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<v Speaker 2>I will say that we do have members of the

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<v Speaker 2>House weighing in. Representative Scott Perry from Pennsylvania say, while

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<v Speaker 2>I maintained my reservations about Speaker Johnson's leadership record, today

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<v Speaker 2>I voted in support of President Trump's agenda. We will

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<v Speaker 2>hold Speaker Johnson accountable to accomplish the Republican agenda, and

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<v Speaker 2>talking about specific issues, he must secure our southern border, institute,

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<v Speaker 2>commence House rules, cut and bridled federal spending, implement a

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<v Speaker 2>Congressional stock trade band. So you know, various members weighing

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<v Speaker 2>in maybe on some of their concerns. Joe and I

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<v Speaker 2>would assume that we'll continue to hear some of these

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<v Speaker 2>about what they expect out of this speaker.

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<v Speaker 3>Yes, sure you will.

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<v Speaker 1>And that's an important one that you mentioned, by the way,

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<v Speaker 1>not by accident, because that is a member of the

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<v Speaker 1>Freedom Caucus who has been on the fence with some

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<v Speaker 1>of this, not so much about the Trump agenda. These

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<v Speaker 1>are Maga loyalists, but they are not always in favor

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<v Speaker 1>of the way that Mike Johnson or before him, Kevin

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<v Speaker 1>McCarthy has worked with Democrats continuing resolutions omnibus bills. They

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<v Speaker 1>want regular order and they want steep spending cuts. And

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<v Speaker 1>by the way, I've mentioned Elon Musk a couple of times.

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<v Speaker 1>Right before this vote, Mike Johnson went on X and

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<v Speaker 1>put quite a missive and said, as.

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<v Speaker 3>Speaker, I commit to do the following. There were three items.

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<v Speaker 1>The very first one was to commit to working with

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<v Speaker 1>Doge and to enact the spending cut recommendations that come

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<v Speaker 1>from Elon Musk and Vivek Ramaswami.

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<v Speaker 3>It may have helped him win the gavel today.

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<v Speaker 2>All right, Joe, do not go anywhere. Chris need you

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<v Speaker 2>at this hour, no doubt about that. We do have

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<v Speaker 2>somebody up there on Capitol Hill, our own Tyler Candall.

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<v Speaker 2>She's a Bloomberg News reporter. Tyler, what I am interested

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<v Speaker 2>in what you are picking up in terms of mood

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<v Speaker 2>and maybe what was going on behind the scenes when

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<v Speaker 2>Mike Johnson didn't initially get that vote and had to

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<v Speaker 2>do some work behind the scenes.

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<v Speaker 5>Yeah, hey, Carol, it was fast moving up here on

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<v Speaker 5>Capitol Hill. And just to give you a little bit

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<v Speaker 5>of color, what's happening up here. The hill is absolutely

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<v Speaker 5>packed both with members but also their families as they

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<v Speaker 5>come to witness the new member class be sworn in.

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<v Speaker 5>So there is high energy here in the rotunda. I

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<v Speaker 5>can tell you that I was sticking out how Speaker

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<v Speaker 5>Mike Johnson's office earlier today before the vote, where he

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<v Speaker 5>told reporters that he would not engage in what he

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<v Speaker 5>called a quid pro quo to get any votes over

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<v Speaker 5>the finish line. So that's going to be the next

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<v Speaker 5>big question here. As Joe was talking about, what were

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<v Speaker 5>those backroom deals that may have been reached in order

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<v Speaker 5>to ultimately get him to that magic number of two eighteen.

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<v Speaker 4>As Joe mentioned, the challenging part comes now, Tyler, what

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<v Speaker 4>does Mike Johnson have to do to be able to

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<v Speaker 4>actually be effective as House Speaker with such a slight majority.

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<v Speaker 5>Right, So, I had reporting this morning that I had

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<v Speaker 5>spoken to a Congressional aid who told me that they

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<v Speaker 5>ultimately thought that this was going to come down to

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<v Speaker 5>potential spending cuts, some sort of deal around that. Since

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<v Speaker 5>when he looked at the members who were voicing concerns

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<v Speaker 5>with Johnson, they were the same members who had previously

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<v Speaker 5>voiced concerns when it comes to potentially a Donald Trump's

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<v Speaker 5>agenda and what that means for the fiscal outlook for

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<v Speaker 5>the country, particularly anticipated tax cuts. So I think that's

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<v Speaker 5>going to see something that we really see prioritized in

0:10:37.640 --> 0:10:41.760
<v Speaker 5>this next congress, particularly with Speaker Johnson. Joe had also

0:10:41.800 --> 0:10:43.760
<v Speaker 5>mentioned this, but right before he went on the floor,

0:10:43.840 --> 0:10:45.920
<v Speaker 5>he put out what he was calling his list of

0:10:45.920 --> 0:10:48.520
<v Speaker 5>commitments to his conference, and they really had to deal

0:10:48.720 --> 0:10:51.679
<v Speaker 5>with this idea of fiscal responsibility, such as working with

0:10:51.800 --> 0:10:55.320
<v Speaker 5>joje and pointing independent experts that will release a report

0:10:55.400 --> 0:10:58.160
<v Speaker 5>to the public, but also urging his committees that they

0:10:58.160 --> 0:11:00.680
<v Speaker 5>have to take what he called, quote a great action

0:11:00.840 --> 0:11:03.800
<v Speaker 5>when it came to reviewing their appropriations, because we are

0:11:03.840 --> 0:11:08.320
<v Speaker 5>expecting a busy year, particularly with President elect Trump's new agenda,

0:11:08.360 --> 0:11:10.400
<v Speaker 5>and it's going to include spending, and it's going to

0:11:10.400 --> 0:11:13.760
<v Speaker 5>include tax cuts. And this was just a little bit

0:11:13.800 --> 0:11:17.040
<v Speaker 5>of a preview for some of the criticism and Thorn's

0:11:17.040 --> 0:11:19.000
<v Speaker 5>in the side of Speaker Johnson that we might expect.

0:11:19.120 --> 0:11:21.199
<v Speaker 2>Tyler, I've got to say I've been watching and monitoring

0:11:21.200 --> 0:11:23.480
<v Speaker 2>to see if the President elect has made any comments

0:11:23.480 --> 0:11:26.800
<v Speaker 2>on truth social and just kind of watching to see

0:11:26.840 --> 0:11:29.560
<v Speaker 2>if he makes any comments. What, if anything, did you

0:11:29.679 --> 0:11:33.760
<v Speaker 2>hear about behind the scenes of any involvement of the

0:11:33.800 --> 0:11:37.240
<v Speaker 2>President elect in this process, especially since when it seemed

0:11:37.280 --> 0:11:39.120
<v Speaker 2>like it was a little bit touch and go here

0:11:39.559 --> 0:11:41.320
<v Speaker 2>at the end, Well.

0:11:41.240 --> 0:11:43.040
<v Speaker 5>I have to say there was actually an audible gas

0:11:43.120 --> 0:11:45.840
<v Speaker 5>peer in the rotunda when chip Roy ended up going

0:11:46.080 --> 0:11:48.679
<v Speaker 5>for President elect Trump. We know that chip Roy had

0:11:48.720 --> 0:11:51.440
<v Speaker 5>been one of those holdouts and he had previously sparred

0:11:51.480 --> 0:11:54.199
<v Speaker 5>with President elect Trump. If you'll recall, during that spending

0:11:54.240 --> 0:11:58.160
<v Speaker 5>debate last month, when Trump had urged Republicans to lift

0:11:58.280 --> 0:12:01.800
<v Speaker 5>the debt ceiling, he threatened Roy with a primary challenge cance.

0:12:01.920 --> 0:12:04.040
<v Speaker 5>Roy stood up and said that he was not going

0:12:04.080 --> 0:12:06.640
<v Speaker 5>to end up voting for that. So it was interesting

0:12:06.679 --> 0:12:09.400
<v Speaker 5>to hear that when President elect Trump threw his weight

0:12:09.480 --> 0:12:12.400
<v Speaker 5>behind Johnson, he offered to personally call members and that

0:12:12.480 --> 0:12:15.440
<v Speaker 5>included Trip Royce. We are and on the first round,

0:12:15.480 --> 0:12:18.600
<v Speaker 5>of course, trip Roy ended up going for Mike Johnson.

0:12:18.640 --> 0:12:20.280
<v Speaker 5>So it does appear that there was some sort of

0:12:20.320 --> 0:12:23.800
<v Speaker 5>sway there, and we are also told that allies of

0:12:23.920 --> 0:12:27.440
<v Speaker 5>Trump on the Hill ended up going into trying to

0:12:27.480 --> 0:12:32.120
<v Speaker 5>push and work with Speaker Mike Johnson when it came

0:12:32.160 --> 0:12:35.120
<v Speaker 5>to persuading some of these House Freedom Caucus members. But

0:12:35.360 --> 0:12:37.880
<v Speaker 5>ultimately important to remember that on that first round vote,

0:12:37.920 --> 0:12:40.360
<v Speaker 5>trip Roy and also the Chair of the House Freedom Caucus,

0:12:40.400 --> 0:12:42.640
<v Speaker 5>Andy Harris, both voted in favor of Johnson.

0:12:42.880 --> 0:12:46.040
<v Speaker 4>Tyler Kendall, Bloomberg News reporter joining us live from Capitol Hill.

0:12:46.080 --> 0:12:46.760
<v Speaker 3>Thanks so much for that.

0:12:46.800 --> 0:12:48.760
<v Speaker 4>I do want to go back to Joe Matthew standing

0:12:48.840 --> 0:12:53.439
<v Speaker 4>by in our Washington DC Bureau co host of Bloomberg

0:12:53.520 --> 0:12:56.320
<v Speaker 4>Balance of Power. Excuse me, Joe, so many shows out there.

0:12:56.440 --> 0:12:58.640
<v Speaker 4>I want to go back to what you said about DOGE,

0:12:58.640 --> 0:13:02.000
<v Speaker 4>the Department of Government Efficiency and the commitment on the

0:13:02.040 --> 0:13:07.080
<v Speaker 4>Department of Government Efficiency from the elected Speaker of the

0:13:07.120 --> 0:13:10.400
<v Speaker 4>House Mike Johnson, and hear a little bit about your

0:13:10.480 --> 0:13:13.559
<v Speaker 4>view on how this could be easier said than done.

0:13:13.679 --> 0:13:18.599
<v Speaker 4>Given how much the US government spends on Social Security, Medicare,

0:13:19.080 --> 0:13:23.720
<v Speaker 4>national defense, health even net interest. I mean that's the

0:13:23.760 --> 0:13:27.360
<v Speaker 4>majority of the budget right there. How does the Speaker

0:13:28.360 --> 0:13:30.120
<v Speaker 4>enact the recommendations from DOGE.

0:13:31.360 --> 0:13:34.720
<v Speaker 1>It's a great question, and I'll preface my answer by

0:13:34.760 --> 0:13:37.840
<v Speaker 1>saying that this DOGE, the d for Department, is not

0:13:37.880 --> 0:13:39.880
<v Speaker 1>actually a government department, right, This is kind of a

0:13:39.880 --> 0:13:43.280
<v Speaker 1>blue ribbon panel, if you will, not, unlike other committees

0:13:43.280 --> 0:13:45.080
<v Speaker 1>that have been put together before. So we've been trying

0:13:45.080 --> 0:13:50.080
<v Speaker 1>to determine where's the connective tissue here between the DOGE

0:13:50.120 --> 0:13:54.000
<v Speaker 1>and the actual lawmaking when it comes to writing legislation

0:13:54.120 --> 0:13:57.880
<v Speaker 1>or crafting budgets. He wrote in his post on X

0:13:58.280 --> 0:14:01.720
<v Speaker 1>I commit to create a working group prized of independent experts,

0:14:01.960 --> 0:14:04.920
<v Speaker 1>not corrupted by lobbyists and special interests to work with

0:14:05.040 --> 0:14:09.000
<v Speaker 1>DOGE and our committees on implementing recommended government and spending

0:14:09.000 --> 0:14:12.840
<v Speaker 1>reforms to protect the American taxpayer. There's no guarantee there

0:14:12.880 --> 0:14:15.880
<v Speaker 1>that that actually happens, though, and we don't exactly know

0:14:15.960 --> 0:14:18.600
<v Speaker 1>yet what the DOGE plans to do in terms of

0:14:19.120 --> 0:14:22.640
<v Speaker 1>cutting spending. We've heard Elon Musk suggests cutting two trillion dollars,

0:14:22.680 --> 0:14:24.120
<v Speaker 1>but I think to your point, Tim, they'd have to

0:14:24.400 --> 0:14:27.520
<v Speaker 1>probably crack into entitlements to find that kind of money.

0:14:27.560 --> 0:14:29.920
<v Speaker 1>They would have the slash defense spending, neither of which

0:14:29.960 --> 0:14:31.160
<v Speaker 1>Donald Trump wants to do.

0:14:31.360 --> 0:14:35.040
<v Speaker 4>Yeah, I've heard that called the third rail of politics.

0:14:35.080 --> 0:14:39.760
<v Speaker 4>People don't necessarily want to touch that. Joe, all right, Joe,

0:14:39.800 --> 0:14:42.160
<v Speaker 4>thanks so much. Right, Yeah, Joe, thanks so much. We're

0:14:42.160 --> 0:14:43.520
<v Speaker 4>gonna let you go. You got a lot of work

0:14:43.560 --> 0:14:47.120
<v Speaker 4>to do. That's a Bloomberg's Joe Matthew down there in Washington, DC.

0:14:47.400 --> 0:14:49.320
<v Speaker 3>I'm grateful for this nomination.

0:14:49.400 --> 0:14:52.400
<v Speaker 4>I'm grateful for this election, for the confidence this Chamber

0:14:52.440 --> 0:14:53.240
<v Speaker 4>has placed in me.

0:14:53.360 --> 0:14:55.800
<v Speaker 1>It is the great honor of my life to serve

0:14:55.840 --> 0:14:57.000
<v Speaker 1>this body with all of you.

0:14:57.080 --> 0:15:00.200
<v Speaker 2>Speaker Johnson Lang at the Republican Agenda the priority is

0:15:00.440 --> 0:15:04.040
<v Speaker 2>a return to in his words, to common sense after

0:15:04.080 --> 0:15:07.480
<v Speaker 2>winning re election as House Speaker, overcoming resistance from a

0:15:07.480 --> 0:15:10.920
<v Speaker 2>small but pivotal group of conservative hardliners after a flurry

0:15:10.960 --> 0:15:13.600
<v Speaker 2>of last minute talk something we were watching happen in

0:15:13.720 --> 0:15:17.640
<v Speaker 2>real time from the House floor. And also he did

0:15:17.720 --> 0:15:19.920
<v Speaker 2>have the help of a critical endorsement from President like

0:15:19.960 --> 0:15:23.520
<v Speaker 2>Donald Trump, who has come out tim untruths social offering

0:15:23.600 --> 0:15:27.040
<v Speaker 2>up his congratulations to Speaker Mike Johnson for receiving in

0:15:27.840 --> 0:15:31.160
<v Speaker 2>the president x words, an unprecedented vote of confidence in Congress.

0:15:31.200 --> 0:15:32.880
<v Speaker 2>He says, Mike will be a great speaker and our

0:15:32.880 --> 0:15:34.440
<v Speaker 2>country will be the beneficiary.

0:15:34.760 --> 0:15:39.280
<v Speaker 4>Yeah, so wasn't just Mike Johnson he we heard from.

0:15:39.320 --> 0:15:41.200
<v Speaker 4>We also heard from Kim Jeffries.

0:15:40.760 --> 0:15:41.400
<v Speaker 3>A little earlier.

0:15:41.400 --> 0:15:43.680
<v Speaker 4>Absolutely, Chris said it is time for us to come together,

0:15:43.800 --> 0:15:46.920
<v Speaker 4>not as Democrats or Republicans, but as Americans to get

0:15:46.960 --> 0:15:49.960
<v Speaker 4>things done for the people. In that spirit, House Democrats

0:15:50.000 --> 0:15:53.640
<v Speaker 4>work hard to find bipartisan common with our Republican colleagues

0:15:53.640 --> 0:15:57.640
<v Speaker 4>in the incoming administration on any issue, whenever and wherever possible.

0:15:57.720 --> 0:15:59.560
<v Speaker 2>Someone who will be following what kind of common ground

0:15:59.560 --> 0:16:02.640
<v Speaker 2>they altimately find is Bloomberg News Politics editor Laura Davison,

0:16:02.720 --> 0:16:06.520
<v Speaker 2>She's been sitting by listening to all of the happenings

0:16:06.560 --> 0:16:08.560
<v Speaker 2>on the floor of the US House of Representative. She's

0:16:08.600 --> 0:16:14.680
<v Speaker 2>there in our Bloomberg News DC bureau. Laura, you do wonder, okay, ultimately,

0:16:14.720 --> 0:16:19.320
<v Speaker 2>after listening to the Minority Leader Hakim Jeffries, followed by

0:16:19.320 --> 0:16:24.080
<v Speaker 2>the House Speaker Mike Johnson, their agendas, their priorities, they

0:16:24.160 --> 0:16:27.120
<v Speaker 2>certainly do not align. So you do wonder about the

0:16:27.160 --> 0:16:30.480
<v Speaker 2>common ground that they will find moving forward.

0:16:31.520 --> 0:16:33.600
<v Speaker 6>Yeah, these speeches are sort of the first day of

0:16:33.600 --> 0:16:35.920
<v Speaker 6>school speeches. You know, everyone's back, you know they want

0:16:35.960 --> 0:16:39.520
<v Speaker 6>re election back after the holidays and feeling optimistic and

0:16:40.200 --> 0:16:43.400
<v Speaker 6>you know, joyful. A lot of those feelings subside, you know,

0:16:43.480 --> 0:16:46.560
<v Speaker 6>really within just days or even hours. You Republicans have

0:16:46.640 --> 0:16:49.680
<v Speaker 6>full control. They do not have to negotiate with Democrats

0:16:49.680 --> 0:16:52.080
<v Speaker 6>for much of anything. They're able to use these processes

0:16:52.080 --> 0:16:54.960
<v Speaker 6>where they can fast track bills through Congress. So it's

0:16:55.080 --> 0:16:58.280
<v Speaker 6>unlikely that we're going to see much bipartisan cooperation despite

0:16:58.320 --> 0:17:00.520
<v Speaker 6>some of both what Hakeim Jeffreys says as well as

0:17:00.560 --> 0:17:03.880
<v Speaker 6>Mike Johnson sort of alluding to working together. Really, you know,

0:17:03.960 --> 0:17:07.520
<v Speaker 6>Democrats job in this is to sort of do whatever

0:17:07.560 --> 0:17:10.240
<v Speaker 6>they can do to delay and try to you know,

0:17:10.960 --> 0:17:13.600
<v Speaker 6>sw division among Republicans. Mike Johnson's job is to keep

0:17:13.640 --> 0:17:17.200
<v Speaker 6>his Republican party together. There are some divisions in that party,

0:17:17.240 --> 0:17:20.280
<v Speaker 6>things that Democrats could exploit. He has a narrow, narrow majority,

0:17:20.320 --> 0:17:23.320
<v Speaker 6>even narrower than he did last Congress. So this is

0:17:23.359 --> 0:17:26.040
<v Speaker 6>going to be the big challenge going forward. You also have,

0:17:26.080 --> 0:17:27.840
<v Speaker 6>you know, Republicans in the Senate and Republicans in the

0:17:27.840 --> 0:17:30.359
<v Speaker 6>House not on the same page. In the Senate, we

0:17:30.440 --> 0:17:32.600
<v Speaker 6>heard John Thune say earlier that he wants to move

0:17:32.600 --> 0:17:35.280
<v Speaker 6>first with an immigration bill. In the House that we

0:17:35.280 --> 0:17:37.480
<v Speaker 6>are talking more about doing taxes first. So there's a

0:17:37.560 --> 0:17:40.720
<v Speaker 6>lot of ideas and you know, only a limited sort

0:17:40.760 --> 0:17:42.960
<v Speaker 6>of pathway to get some of these legislative priorities done.

0:17:43.000 --> 0:17:45.399
<v Speaker 4>What does the President elect want Congress to do?

0:17:46.760 --> 0:17:47.720
<v Speaker 1>This is a good question.

0:17:47.840 --> 0:17:50.439
<v Speaker 6>He has not weighed in some of his aids, have

0:17:50.480 --> 0:17:52.760
<v Speaker 6>really pushed for immigration to be that first priority and

0:17:52.800 --> 0:17:55.680
<v Speaker 6>really leaned on John Thune in the Senate to make

0:17:55.720 --> 0:17:57.679
<v Speaker 6>that path forward. What we've heard from folks in the

0:17:57.680 --> 0:17:59.960
<v Speaker 6>House is said, look, you know, every time we've tried

0:18:00.080 --> 0:18:02.919
<v Speaker 6>to do multiple things, you know, they sort of in

0:18:02.960 --> 0:18:07.080
<v Speaker 6>a moment of sort of shocking self recognition, we can't

0:18:07.080 --> 0:18:09.479
<v Speaker 6>do that. You know, we saw in Trump's first term

0:18:09.520 --> 0:18:11.520
<v Speaker 6>they tried to do with a healthcare bill that filled

0:18:11.720 --> 0:18:15.160
<v Speaker 6>failed and they ultimately moved on to taxes. What Democrats

0:18:15.320 --> 0:18:17.520
<v Speaker 6>some Republicans are saying, look, let's get taxes done. We

0:18:17.560 --> 0:18:19.760
<v Speaker 6>have a year end deadline. If we don't act, if

0:18:19.760 --> 0:18:21.679
<v Speaker 6>we don't get a bill pass, then taxes will go up.

0:18:21.720 --> 0:18:24.560
<v Speaker 6>We will see sort of Trump's first term signature, legislative

0:18:24.560 --> 0:18:26.720
<v Speaker 6>achievement go away. So there's a hard push there to

0:18:27.040 --> 0:18:29.199
<v Speaker 6>really make sure that taxes get the priority and they

0:18:29.240 --> 0:18:32.679
<v Speaker 6>aren't waylaid by other things. You know, the Congress has

0:18:32.720 --> 0:18:35.639
<v Speaker 6>been bedeviled by an immigration package for decades, so I

0:18:35.680 --> 0:18:37.800
<v Speaker 6>think there's some concern that, you know that even though

0:18:37.840 --> 0:18:40.520
<v Speaker 6>they have Republicans all in control, that that still is

0:18:40.560 --> 0:18:42.000
<v Speaker 6>done an easy thing to get across the finish.

0:18:42.119 --> 0:18:43.720
<v Speaker 2>Yep, we've all grown a little bit older watching that

0:18:43.960 --> 0:18:46.680
<v Speaker 2>and waiting in terms of immigration. Laura, thank you so much,

0:18:46.680 --> 0:18:49.639
<v Speaker 2>so appreciate your patients and listening along and giving us

0:18:49.720 --> 0:18:53.080
<v Speaker 2>some great commentary there. Bloomberg News Politics editor Laura Davison