1
00:00:02,520 --> 00:00:07,840
Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

2
00:00:07,320 --> 00:00:10,760
Speaker 2: Return to Republican Senator Bill Haggerty of Tennessee, who is

3
00:00:10,760 --> 00:00:14,200
Speaker 2: back with us on the program. Senator, we appreciate your time.

4
00:00:14,240 --> 00:00:16,480
Speaker 2: As we just heard our colleague Tyler, they're outlining that

5
00:00:16,680 --> 00:00:21,560
Speaker 2: various portions of your body have demands as to what

6
00:00:21,600 --> 00:00:23,720
Speaker 2: it will take to get them to a yes vote

7
00:00:23,840 --> 00:00:27,000
Speaker 2: on this legislation. What's yours? What change do you need

8
00:00:27,040 --> 00:00:29,680
Speaker 2: to see for you to vote for this package.

9
00:00:30,280 --> 00:00:32,400
Speaker 3: I think the most critical thing to keep in mind, Kayley,

10
00:00:32,479 --> 00:00:34,680
Speaker 3: is the fact that if we don't get this done,

11
00:00:35,040 --> 00:00:38,680
Speaker 3: Americans looking at a north of four trillion dollar tax increase.

12
00:00:39,159 --> 00:00:41,559
Speaker 3: I was talking with Kevin Hasset at the White House yesterday.

13
00:00:41,800 --> 00:00:44,320
Speaker 3: His projections are that that would yield a six percent

14
00:00:44,440 --> 00:00:47,920
Speaker 3: decrease in our nation's GDP. That would be terrible for America. Frankly,

15
00:00:47,960 --> 00:00:50,200
Speaker 3: be terrible for the world economy. We can't let that happen.

16
00:00:51,000 --> 00:00:52,879
Speaker 3: The main interest I have is making certain that we

17
00:00:52,920 --> 00:00:56,080
Speaker 3: stimulate more capital investment in America, because more capital investment

18
00:00:56,080 --> 00:00:58,680
Speaker 3: will be get more jobs, more jobs, more economic activity.

19
00:00:59,000 --> 00:01:01,320
Speaker 3: This will have a very power of impact on the economy,

20
00:01:01,360 --> 00:01:04,480
Speaker 3: and frankly, it's something that the Congressional Budget Office completely

21
00:01:04,480 --> 00:01:07,600
Speaker 3: misses in their analysis. They missed it at an incredible

22
00:01:07,680 --> 00:01:09,959
Speaker 3: level back after the twenty seventeen tax cuts and jobs

23
00:01:09,959 --> 00:01:11,960
Speaker 3: after passed. In fact, they missed it by north of

24
00:01:11,959 --> 00:01:14,400
Speaker 3: a trillion dollars worth of revenues. So I think that

25
00:01:14,400 --> 00:01:16,640
Speaker 3: my colleagues need to certainly take into account the fact

26
00:01:16,640 --> 00:01:20,000
Speaker 3: that this is a pro growth bill. This tax package

27
00:01:20,040 --> 00:01:22,920
Speaker 3: is going to stimulate more economic activity here in America.

28
00:01:23,120 --> 00:01:25,679
Speaker 3: We will see growth that's not captured in the CBO estimates,

29
00:01:25,720 --> 00:01:28,399
Speaker 3: but will have a material impact on our economy, on

30
00:01:28,440 --> 00:01:31,080
Speaker 3: our well being, and frankly in terms of going the

31
00:01:31,160 --> 00:01:32,720
Speaker 3: right direction to reducing the deficit.

32
00:01:34,120 --> 00:01:36,520
Speaker 1: Will Senator, We've got a lot of questions about what's inside,

33
00:01:36,560 --> 00:01:38,360
Speaker 1: and it's great to have you back on Bloomberg. You

34
00:01:38,400 --> 00:01:40,480
Speaker 1: mentioned the CBO, so I do have to ask you

35
00:01:40,480 --> 00:01:43,120
Speaker 1: about that. Two big headlines today coming out of the

36
00:01:43,160 --> 00:01:46,880
Speaker 1: Congressional Budget Office. First, the Republican tax bill that cleared

37
00:01:46,880 --> 00:01:49,240
Speaker 1: the House. They say would add two point four trillion

38
00:01:49,280 --> 00:01:53,560
Speaker 1: dollars to US deficits. But that same Congressional Budget Office,

39
00:01:53,560 --> 00:01:56,640
Speaker 1: which I know Republicans criticize a lot, is not projecting

40
00:01:56,640 --> 00:01:59,640
Speaker 1: the Trump tariffs. Will cut the budget gap by two

41
00:01:59,680 --> 00:02:02,800
Speaker 1: point eight trillion. Do you buy that number? And if so,

42
00:02:03,320 --> 00:02:04,200
Speaker 1: is this bill paid for?

43
00:02:05,400 --> 00:02:08,960
Speaker 3: Well? In the first case, what they do is static analysis.

44
00:02:08,960 --> 00:02:11,480
Speaker 3: They don't take into account the dynamic of investment in

45
00:02:11,520 --> 00:02:13,560
Speaker 3: the economy that we yield grow. So I think that's

46
00:02:13,840 --> 00:02:17,320
Speaker 3: patently wrong. And the second, with regard to tariff revenue,

47
00:02:17,400 --> 00:02:19,560
Speaker 3: it's possible, but we're not nearly to the end of

48
00:02:19,560 --> 00:02:22,840
Speaker 3: our trade negotiations, Jamison Greer. Our trade rep working is

49
00:02:22,840 --> 00:02:25,440
Speaker 3: hard out to try to bring together a significant sea

50
00:02:25,560 --> 00:02:28,080
Speaker 3: change and the way America is treated on the global stage.

51
00:02:28,080 --> 00:02:29,680
Speaker 3: I think we're going to make great progress, but it's

52
00:02:29,720 --> 00:02:30,919
Speaker 3: very hard for me to say right now, and I

53
00:02:30,919 --> 00:02:32,560
Speaker 3: don't know how the CBO is able to say this.

54
00:02:32,800 --> 00:02:38,200
Speaker 3: Where we're going to land on tariff revenues as well.

55
00:02:36,600 --> 00:02:38,519
Speaker 2: Well, yeah, it is worth pointing out the CBO was

56
00:02:38,560 --> 00:02:42,840
Speaker 2: only scoring tariff revenues through where tariff stood as of

57
00:02:42,880 --> 00:02:45,000
Speaker 2: May thirteenth, and we already know changes have been made

58
00:02:45,040 --> 00:02:47,320
Speaker 2: since then. There's still some legal questions around whether or

59
00:02:47,360 --> 00:02:51,040
Speaker 2: not AIPA is going to stand, Senator, so we have

60
00:02:51,120 --> 00:02:53,360
Speaker 2: to bear that in mind. We've heard from the Senate

61
00:02:53,400 --> 00:02:55,880
Speaker 2: Majority Leader John fun that there's going to have to

62
00:02:55,919 --> 00:02:59,560
Speaker 2: be some adjustments made to the salt cap, something that

63
00:02:59,600 --> 00:03:03,480
Speaker 2: House Republicans from those salt districts say, what essentially mean

64
00:03:03,520 --> 00:03:06,160
Speaker 2: that the deal dies when it returns back to the House,

65
00:03:06,240 --> 00:03:09,839
Speaker 2: knowing that the debt ceiling lift is also attached to

66
00:03:09,880 --> 00:03:13,800
Speaker 2: this legislation. Do you see risk around making changes like that?

67
00:03:13,960 --> 00:03:16,800
Speaker 2: Could that bring the US closer to the brink of default?

68
00:03:17,919 --> 00:03:21,280
Speaker 3: Well, I think there's always risk in any situation like

69
00:03:21,320 --> 00:03:23,160
Speaker 3: this where you have a complex bill. Kyley, We're going

70
00:03:23,200 --> 00:03:25,680
Speaker 3: to have a conference meeting right after I'm on with

71
00:03:25,720 --> 00:03:28,880
Speaker 3: you now to begin the process of talking through where

72
00:03:28,919 --> 00:03:30,360
Speaker 3: the Senate is going to land here, and I do

73
00:03:30,400 --> 00:03:32,400
Speaker 3: expect that there'll be improvements. It will be different, they'll

74
00:03:32,440 --> 00:03:35,280
Speaker 3: be deeper cuts, and we'll start to see texts coming

75
00:03:35,280 --> 00:03:37,000
Speaker 3: out on Friday. What I don't want to do is

76
00:03:37,040 --> 00:03:38,800
Speaker 3: try to get ahead of those who are negotiating. As

77
00:03:38,840 --> 00:03:40,920
Speaker 3: you know, the Finance Committee is going to the White

78
00:03:40,920 --> 00:03:43,360
Speaker 3: House right now to meet with President Trump. This is

79
00:03:43,400 --> 00:03:45,000
Speaker 3: a process that's under way. But I can say this

80
00:03:45,040 --> 00:03:47,280
Speaker 3: at a very high level. My colleagues in the Senate

81
00:03:47,360 --> 00:03:49,920
Speaker 3: want to see more cuts, more definite reduction, but at

82
00:03:49,920 --> 00:03:53,240
Speaker 3: the same time, I've been encouraging everyone to move expediously

83
00:03:53,400 --> 00:03:56,360
Speaker 3: to make certain that this happens extremely quickly, because the

84
00:03:56,480 --> 00:03:59,160
Speaker 3: United States economy needs certainty, and with that certainty, we're

85
00:03:59,160 --> 00:04:01,560
Speaker 3: going to see more capital investment. The longer this takes again,

86
00:04:01,880 --> 00:04:03,720
Speaker 3: the less certain that we've got, and that's going to

87
00:04:03,760 --> 00:04:06,160
Speaker 3: have a negat impact on capital investment here in America.

88
00:04:06,840 --> 00:04:08,920
Speaker 1: With that in mind, Senator, I'd love to explore the

89
00:04:08,960 --> 00:04:11,440
Speaker 1: idea of permanence with you, because we're hearing about this

90
00:04:11,880 --> 00:04:13,880
Speaker 1: a lot more now, the likes of Steve Danes and

91
00:04:13,880 --> 00:04:17,039
Speaker 1: others who say, no, we need to make permanent certain

92
00:04:17,160 --> 00:04:21,000
Speaker 1: business tax breaks, specifically the full research and development deduction,

93
00:04:21,360 --> 00:04:25,320
Speaker 1: bonus depreciation, and interest expensing. Are you on board with

94
00:04:25,400 --> 00:04:26,320
Speaker 1: making them permanent?

95
00:04:27,120 --> 00:04:30,320
Speaker 3: Certainly I am. I agree with the premise completely, And

96
00:04:30,360 --> 00:04:32,400
Speaker 3: you know, Steve Danes is a business person just like me.

97
00:04:32,560 --> 00:04:35,080
Speaker 3: We understand the importance of being able to make long

98
00:04:35,160 --> 00:04:38,440
Speaker 3: term plans with respect to capital investments. That's what's driving

99
00:04:38,480 --> 00:04:40,960
Speaker 3: Steve's Steve's position, I think he's exactly right, and we

100
00:04:41,000 --> 00:04:42,800
Speaker 3: need to extend these as far as we possibly can.

101
00:04:42,920 --> 00:04:45,279
Speaker 3: Permanent is the best possible answer we could achieve.

102
00:04:47,400 --> 00:04:49,760
Speaker 2: Senator. Of course, well, you and your colleagues are working

103
00:04:49,760 --> 00:04:54,120
Speaker 2: on reconciliation. There is also active, actively underway, an effort

104
00:04:54,160 --> 00:04:58,279
Speaker 2: to advance the stable coin legislation, the Genius Act. Last

105
00:04:58,320 --> 00:05:00,120
Speaker 2: time you were on with us, we talked about some

106
00:05:00,160 --> 00:05:02,520
Speaker 2: of the various amendments that we're being put forward, which

107
00:05:02,520 --> 00:05:05,040
Speaker 2: you said are being worked through. Have you had direct

108
00:05:05,120 --> 00:05:08,800
Speaker 2: conversations more recently with either the Majority Leader or Senator

109
00:05:08,839 --> 00:05:11,520
Speaker 2: Roger Marshall about whether or not the Credit Card Competition

110
00:05:11,560 --> 00:05:13,960
Speaker 2: Act is going to become a real factor here.

111
00:05:14,720 --> 00:05:18,080
Speaker 3: Yes, those conversations are under way. I certainly respect the

112
00:05:18,120 --> 00:05:20,720
Speaker 3: process that we're addressing, but right now this really isn't

113
00:05:20,720 --> 00:05:22,800
Speaker 3: about policy, nor is it process. We're just trying to

114
00:05:22,800 --> 00:05:25,120
Speaker 3: get floor time right now to get this processed. We

115
00:05:25,160 --> 00:05:27,960
Speaker 3: have brought agreement, Kayley, with respect to the content of

116
00:05:28,000 --> 00:05:31,200
Speaker 3: the stable coin legislation, my Genius Act, and this is

117
00:05:31,200 --> 00:05:33,000
Speaker 3: going to, I think, take us into the twenty first

118
00:05:33,040 --> 00:05:35,880
Speaker 3: century in terms of upgrading our payment systems. It's going

119
00:05:35,960 --> 00:05:38,960
Speaker 3: to have very desirable effects taking the US economy into

120
00:05:39,000 --> 00:05:42,280
Speaker 3: the digital assets arena, keeping innovation here, lowering risk here

121
00:05:42,279 --> 00:05:44,839
Speaker 3: in America, and putting in place guardrails that will protect

122
00:05:44,880 --> 00:05:47,200
Speaker 3: consumers because every one of these stable coins will be

123
00:05:47,200 --> 00:05:51,040
Speaker 3: backed up dollar for dollar with US treasuries. Very positive

124
00:05:51,080 --> 00:05:53,239
Speaker 3: outcome here, We've got very strong support.

125
00:05:54,440 --> 00:05:57,640
Speaker 1: So okay, what's the timeline, Senator, and what does it

126
00:05:57,680 --> 00:06:00,960
Speaker 1: mean for the Clarity Acts coming out of the House, Joe?

127
00:06:01,200 --> 00:06:05,480
Speaker 3: The timeline is the key issue right now. The window

128
00:06:05,520 --> 00:06:08,080
Speaker 3: is closing on us to get this done because we've

129
00:06:08,080 --> 00:06:10,359
Speaker 3: got to turn our attention to reconciliation. As I mentioned,

130
00:06:10,360 --> 00:06:13,280
Speaker 3: we're going to a conference meeting, our first broad conference meeting,

131
00:06:13,320 --> 00:06:15,840
Speaker 3: to talk about the Reconciliation Bill. We need to get

132
00:06:15,839 --> 00:06:17,360
Speaker 3: the Genius Act passed. We need to get it on

133
00:06:17,400 --> 00:06:19,200
Speaker 3: the floor. And that's where my discussions have been with

134
00:06:19,240 --> 00:06:21,600
Speaker 3: the Leader and with my colleagues, is getting that time

135
00:06:21,640 --> 00:06:23,560
Speaker 3: on the floor as soon as possible. I like to

136
00:06:23,600 --> 00:06:25,719
Speaker 3: start it today tomorrow, but I like to get that

137
00:06:25,800 --> 00:06:27,760
Speaker 3: time on the floor as soon as possible because then

138
00:06:27,800 --> 00:06:30,400
Speaker 3: we can turn our attention to dealing with the Reconciliation

139
00:06:30,480 --> 00:06:32,599
Speaker 3: Act and getting more confirmations across the floor.

140
00:06:33,920 --> 00:06:36,880
Speaker 2: And when will your attention, Senator turned to market structure

141
00:06:36,920 --> 00:06:38,760
Speaker 2: And when the time comes to actually look at a

142
00:06:38,800 --> 00:06:41,640
Speaker 2: market structure bill, how can do you expect it will

143
00:06:41,640 --> 00:06:43,680
Speaker 2: be to the Clarity Act that was just introduced in

144
00:06:43,720 --> 00:06:44,560
Speaker 2: the House last week.

145
00:06:45,279 --> 00:06:46,840
Speaker 3: Well, there's been a great deal of good work that's

146
00:06:46,880 --> 00:06:48,600
Speaker 3: been done in the House. A lot of questions that

147
00:06:48,720 --> 00:06:50,960
Speaker 3: come up in the process of building the stable coin

148
00:06:51,040 --> 00:06:54,360
Speaker 3: legislation that have been more appropriate to market structure. We're

149
00:06:54,360 --> 00:06:56,640
Speaker 3: focused on it. We've already begun the process of building

150
00:06:56,680 --> 00:06:58,719
Speaker 3: it here in the Senate. Again, as I mentioned, a

151
00:06:58,720 --> 00:07:01,800
Speaker 3: lot of it's natural outgrowth, outgrowth of the stable coin

152
00:07:01,880 --> 00:07:04,520
Speaker 3: legislation that we've been pushing forward. So we're going to

153
00:07:04,520 --> 00:07:06,440
Speaker 3: turn our attention immediately to that. But I think the

154
00:07:06,480 --> 00:07:09,120
Speaker 3: most immediate thing that will happen is the Reconciliation Bill

155
00:07:10,160 --> 00:07:12,280
Speaker 3: coming to the floor of the Senate. In the meantime,

156
00:07:12,560 --> 00:07:14,320
Speaker 3: I pledged to President Trump I would get this done

157
00:07:14,360 --> 00:07:15,960
Speaker 3: in the first one hundred days if I possibly could.

158
00:07:15,960 --> 00:07:18,520
Speaker 3: We've exceeded that by a bit. But President Trump wants

159
00:07:18,520 --> 00:07:20,560
Speaker 3: to see this legislation on his desk. JD. Advance was

160
00:07:20,600 --> 00:07:23,120
Speaker 3: at the Bitcoin conference in Las Vegas just last week

161
00:07:23,200 --> 00:07:25,640
Speaker 3: saying he wants to see a clean bill in front

162
00:07:25,640 --> 00:07:27,960
Speaker 3: of him on stable coin legislation in front of President Trump,

163
00:07:27,960 --> 00:07:28,960
Speaker 3: and I think we can get there.

164
00:07:30,000 --> 00:07:33,120
Speaker 1: Interesting, as you bear down on the reconciliation, tax and

165
00:07:33,200 --> 00:07:35,880
Speaker 1: spend legislation. Here, Senator, I know it's going to be

166
00:07:35,920 --> 00:07:38,080
Speaker 1: an important day, and you're walking into this meeting after

167
00:07:38,640 --> 00:07:41,960
Speaker 1: we're done with our conversation to begin hearing from Republican

168
00:07:42,000 --> 00:07:45,160
Speaker 1: members of the House who apparently didn't have enough time

169
00:07:45,200 --> 00:07:48,600
Speaker 1: to read the whole bill. Congresswoman Marjorie Taylor Green says

170
00:07:48,600 --> 00:07:51,640
Speaker 1: she's a no, having not read a section banning states

171
00:07:51,640 --> 00:07:55,440
Speaker 1: from passing their own AI regulations. Mike Flood, Republican from Nebraska,

172
00:07:55,760 --> 00:07:57,840
Speaker 1: doesn't like this idea making it harder for judges to

173
00:07:57,880 --> 00:08:00,480
Speaker 1: hold officials and contempt of court. They both did see

174
00:08:00,480 --> 00:08:03,080
Speaker 1: it in the first pass. Have you had a chance

175
00:08:03,080 --> 00:08:03,840
Speaker 1: to read that bill?

176
00:08:04,960 --> 00:08:06,880
Speaker 3: Having gone through the entirety of the bill, we're in

177
00:08:06,880 --> 00:08:08,800
Speaker 3: the process of reviewing all the texts that just came

178
00:08:08,880 --> 00:08:11,160
Speaker 3: over in the past couple of days. But again, we're

179
00:08:11,160 --> 00:08:13,400
Speaker 3: moving on it. The Finance Committee is at the White

180
00:08:13,400 --> 00:08:16,160
Speaker 3: House negotiating it right now. The text is in process,

181
00:08:16,200 --> 00:08:18,880
Speaker 3: and it's an item that's in motion. I understand that

182
00:08:18,880 --> 00:08:20,920
Speaker 3: there may be items here that not everyone is happy with,

183
00:08:20,960 --> 00:08:21,920
Speaker 3: but at the end of the day, we're going to

184
00:08:21,920 --> 00:08:23,520
Speaker 3: have to compromise and get it done. I'll come back

185
00:08:23,480 --> 00:08:26,560
Speaker 3: to the original point. The American economy needs this certainty,

186
00:08:26,840 --> 00:08:28,280
Speaker 3: and I'm going to be working my heart out to

187
00:08:28,280 --> 00:08:30,320
Speaker 3: make certain that we deliver the best possible product we

188
00:08:30,360 --> 00:08:32,720
Speaker 3: can here. But I'll remind you as well, this isn't

189
00:08:32,720 --> 00:08:35,240
Speaker 3: the last bite at the apple. We'll have the opportunity

190
00:08:35,240 --> 00:08:38,320
Speaker 3: to have another reconciliation process coming up fairly soon. So

191
00:08:38,360 --> 00:08:40,280
Speaker 3: we're going to find a number of other opportunities to

192
00:08:40,360 --> 00:08:43,000
Speaker 3: improve the situation you're in. The American economy achieves some

193
00:08:43,040 --> 00:08:45,800
Speaker 3: of the other objectives our legislators, and we can. If

194
00:08:45,800 --> 00:08:47,920
Speaker 3: we don't solve it all here, we'll have another opportunity

195
00:08:47,920 --> 00:08:50,199
Speaker 3: to do that well.

196
00:08:50,280 --> 00:08:52,959
Speaker 2: Senator, you will have an opportunity as soon as tonight

197
00:08:53,120 --> 00:08:55,600
Speaker 2: to vote for the confirmation of Mickey Bowman to be

198
00:08:55,640 --> 00:08:58,320
Speaker 2: the Fed's new Vice CHAIRFF Supervision after the closure vote

199
00:08:58,320 --> 00:09:01,000
Speaker 2: passed earlier today. This comes just day after the FED

200
00:09:01,040 --> 00:09:05,240
Speaker 2: officially lifted the asset cap on Wells Fargo starting today.

201
00:09:05,320 --> 00:09:07,560
Speaker 2: Is this a new era of banking regulation in the

202
00:09:07,600 --> 00:09:08,280
Speaker 2: United States?

203
00:09:09,000 --> 00:09:12,040
Speaker 3: I certainly think so. Michael Barr took us in exactly

204
00:09:12,040 --> 00:09:14,680
Speaker 3: the wrong direction, and I'm very glad to see someone

205
00:09:14,760 --> 00:09:17,960
Speaker 3: with the sensibilities of Mickey coming into this position, She's

206
00:09:18,000 --> 00:09:19,880
Speaker 3: going to do a great job. What we need to

207
00:09:19,920 --> 00:09:23,199
Speaker 3: do is return to the overarching mission of making certain

208
00:09:23,200 --> 00:09:25,200
Speaker 3: that our capital markets are as competitive and safe as

209
00:09:25,200 --> 00:09:27,400
Speaker 3: they possibly can be. Get out of the business that

210
00:09:27,480 --> 00:09:31,640
Speaker 3: these extraneous policy issues, whether it regards climate or other

211
00:09:31,679 --> 00:09:36,640
Speaker 3: sorts of issues that essentially make the US economy less competitive,

212
00:09:36,640 --> 00:09:38,640
Speaker 3: and the goal plating that Michael Barr attempted to do

213
00:09:39,320 --> 00:09:42,200
Speaker 3: making US a subject even more regulations than the Europeans

214
00:09:42,400 --> 00:09:45,520
Speaker 3: only Hamper's American Capital Formation. Mickey has a very different

215
00:09:45,520 --> 00:09:47,040
Speaker 3: point of view, and I'm very excited to see her

216
00:09:47,040 --> 00:09:47,760
Speaker 3: come into this role.

217
00:09:48,840 --> 00:09:51,600
Speaker 1: Well, it is interesting seeing this asset cap lifted on

218
00:09:51,760 --> 00:09:56,160
Speaker 1: Wells Fargo today. Senator, your colleague Elizabeth Warren, who's going

219
00:09:56,200 --> 00:09:57,840
Speaker 1: to be with us a bit later this hour, is

220
00:09:57,880 --> 00:10:01,760
Speaker 1: asking for five years of exam reports from the Bank

221
00:10:01,880 --> 00:10:06,120
Speaker 1: as a member of the Banking Committee, having suggested that

222
00:10:06,160 --> 00:10:08,440
Speaker 1: they have not gone a year without breaking the law.

223
00:10:08,920 --> 00:10:11,040
Speaker 1: Statement says, it's stunning the Fed could not wait till

224
00:10:11,040 --> 00:10:13,080
Speaker 1: the company went a full year without breaking the law

225
00:10:13,120 --> 00:10:16,439
Speaker 1: before wiping its slate clean. Should she get those documents,

226
00:10:16,440 --> 00:10:18,079
Speaker 1: should the committee see them?

227
00:10:18,760 --> 00:10:21,840
Speaker 3: I'm all for transparency, Joe, And I'm all for having

228
00:10:21,880 --> 00:10:24,280
Speaker 3: committee members have access to the information that they need,

229
00:10:24,280 --> 00:10:26,199
Speaker 3: but I'm not about to respond to something that Elizabeth

230
00:10:26,240 --> 00:10:29,400
Speaker 3: Warren has said just based on what she probably doesn't have.

231
00:10:29,480 --> 00:10:30,960
Speaker 3: You know, she didn't have access to the documents at

232
00:10:30,960 --> 00:10:33,319
Speaker 3: this point, so I don't understand her leveling these accusations,

233
00:10:33,480 --> 00:10:34,400
Speaker 3: but she's wont to do that.

234
00:10:36,400 --> 00:10:38,440
Speaker 2: Well, I wonder, Senator, if you'd like to respond to

235
00:10:38,480 --> 00:10:41,080
Speaker 2: something President Trump has just said, as he shared with

236
00:10:41,160 --> 00:10:43,160
Speaker 2: us on True Social that he spent an hour and

237
00:10:43,200 --> 00:10:46,920
Speaker 2: fifteen minutes on the phone today with Russian President Vladimir Putin.

238
00:10:46,960 --> 00:10:49,120
Speaker 2: He suggested that phone call will not lead to an

239
00:10:49,120 --> 00:10:52,480
Speaker 2: immediate peace with Ukraine, but went on to say that

240
00:10:52,600 --> 00:10:56,960
Speaker 2: Putin believes or suggested he could participate in discussions with

241
00:10:57,080 --> 00:11:00,400
Speaker 2: Iron And of course, the US approach to Iran is

242
00:11:00,440 --> 00:11:03,319
Speaker 2: something I know you feel quite passionate, passionately about. Is

243
00:11:03,360 --> 00:11:05,760
Speaker 2: it appropriate for Russia to be stepping in here?

244
00:11:07,120 --> 00:11:10,000
Speaker 3: Well, I think you understand well the fact that the

245
00:11:10,040 --> 00:11:13,240
Speaker 3: previous administration removed all of the maximum pressure campaign that

246
00:11:13,280 --> 00:11:15,280
Speaker 3: we had imposed on Iran. We had ran to a

247
00:11:15,280 --> 00:11:17,080
Speaker 3: point where they were ready to deal. Their reserves were

248
00:11:17,080 --> 00:11:19,880
Speaker 3: below ten billion dollars. As soon as the Biden administration

249
00:11:19,960 --> 00:11:22,319
Speaker 3: came in, they stopped enforcing the sanctions. They put Iran

250
00:11:22,320 --> 00:11:24,640
Speaker 3: in a position to fund terror. We saw what happened

251
00:11:24,679 --> 00:11:27,000
Speaker 3: with Hamas, we saw what happened with Hasbalah, we saw

252
00:11:27,040 --> 00:11:29,640
Speaker 3: what happened with the UTIs. We're bringing that situation back

253
00:11:29,720 --> 00:11:32,800
Speaker 3: under control. We're putting back in place at maximum sanctions,

254
00:11:32,960 --> 00:11:34,920
Speaker 3: and we also have the opportunity to get the world

255
00:11:34,960 --> 00:11:36,800
Speaker 3: behind us, and I think the world should be behind

256
00:11:36,880 --> 00:11:39,280
Speaker 3: us to ensure that Iran does not have the capability

257
00:11:39,320 --> 00:11:41,800
Speaker 3: to threaten the rest of the world as they seem

258
00:11:41,880 --> 00:11:44,480
Speaker 3: to want to do. President Trump has every right to

259
00:11:44,760 --> 00:11:47,240
Speaker 3: seek out other world leaders, to find allies wherever you may,

260
00:11:47,600 --> 00:11:48,880
Speaker 3: but at the end of the day, it's going to

261
00:11:48,920 --> 00:11:50,680
Speaker 3: be up to us to take the leadership position to

262
00:11:50,720 --> 00:11:52,640
Speaker 3: deal with Iran and to make certain that they don't

263
00:11:52,640 --> 00:11:55,160
Speaker 3: have the capability or the capacity to threaten the rest

264
00:11:55,200 --> 00:11:56,840
Speaker 3: of the world as they have in the past. And

265
00:11:57,240 --> 00:12:00,240
Speaker 3: understand this, they're behind all of the terror and all

266
00:12:00,280 --> 00:12:01,960
Speaker 3: the disruption in the Middle East. It's got to come

267
00:12:02,000 --> 00:12:02,480
Speaker 3: to an end.

268
00:12:03,720 --> 00:12:07,160
Speaker 1: A deep dive with Republican Senator Bill Haggerty of Tennessee.

269
00:12:07,240 --> 00:12:09,760
Speaker 1: Senator it's good to see you, and we appreciate all

270
00:12:09,760 --> 00:12:12,160
Speaker 1: of your time. Today on Bloomberg TV and radio,