WEBVTT - Debt-Limit Deal Wins House Passage; Fed Skip Talk Grows

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<v Speaker 1>From the Bloomberg Interactive Burgers Studios. This is Bloomberg day

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<v Speaker 1>Break for Thursday, June First.

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<v Speaker 2>Coming up today, the death limit deal is close to

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<v Speaker 2>the finish line after winning passage in the House.

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<v Speaker 1>Mike Pence is the latest to enter the Republican race

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<v Speaker 1>for president.

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<v Speaker 2>Talk of a rate high pause or a skip grows

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<v Speaker 2>louder from the Fat.

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<v Speaker 1>And Elon Musk wraps up his visit to China.

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<v Speaker 3>Investigators reportedly have a reporting a former President Trump admitting

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<v Speaker 3>he kept a secret military document, plus deadly attacks in Ukraine.

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<v Speaker 3>I'm Michael Barr.

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<v Speaker 4>More ahead, John Stans showIn sports, the Yankees lost in

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<v Speaker 4>Seattle one to nothing in ten innings. The metsmath the Phillies.

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<v Speaker 4>The NBA Finals begin tonight.

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<v Speaker 5>That's all straight ahead on Bloomberg day Break, The business

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<v Speaker 5>news You need to starn your day in just one

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<v Speaker 5>fifteen minute podcast each morning on Apples, Spotify, The Bloomberg

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<v Speaker 5>Business Appen everywhere you get your podcasts.

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<v Speaker 1>Good morning, I'm Amy Morris and I'm Karen Moscow. Here

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<v Speaker 1>are the stories we're following today.

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<v Speaker 2>The House has passed a bill raising the dead limit.

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<v Speaker 2>The measure also cuts federal spending by trillions of dollars

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<v Speaker 2>over two years. House Speaker Kevin McCarthy says, Republicans delivered

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<v Speaker 2>for the American taxpayer.

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<v Speaker 4>Tonight.

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<v Speaker 6>We all made history because this is the biggest cut

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<v Speaker 6>and savings this Congress has ever voted for.

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<v Speaker 2>Speaker McCarthy calls it the biggest spending cut in American history.

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<v Speaker 2>But progressive Democrats are slamming the bill. Representative Corey Bush

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<v Speaker 2>of Missouri says the cuts will hit vulnerable groups.

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<v Speaker 5>This was a bad deal.

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<v Speaker 2>We have a big board from the progressives.

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<v Speaker 1>They say this is a bad deal, and so we

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<v Speaker 1>stood up to that.

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<v Speaker 2>Representative Bush calls those work requirements for snap recipients ineffective.

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<v Speaker 2>The bill now heads to the Senate, where passage is

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<v Speaker 2>virtually certain, although Vermont Senator Bernie Sanders has already said

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<v Speaker 2>he'll vote against it. The question now is timing. The

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<v Speaker 2>President has to sign the bill before June fifth to

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<v Speaker 2>avoid a default.

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<v Speaker 1>Well, reaction is pouring into the dead agreement. Amy Bloomberg

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<v Speaker 1>Politics contributor Genie Shehans Zeno says, in the end, both

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<v Speaker 1>parties came together, but there are still many lawmakers unhappy

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<v Speaker 1>with the deal.

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<v Speaker 7>I would say nobody really wins in this process. Did

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<v Speaker 7>the center win? I think certainly in this case, the

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<v Speaker 7>center delivered, and that is critically important at a time

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<v Speaker 7>of you know, so much partisan ranker. On the other hand,

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<v Speaker 7>let's remember what we're talking about. We're talking about saving

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<v Speaker 7>the country from its first default in American history.

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<v Speaker 1>Bloomberg Politics contributor Genie shehan ZnO notes one hundred and

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<v Speaker 1>seventeen members of the House voted against the measure, three

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<v Speaker 1>hundred and fourteen voted for it. Roughly two thirds of

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<v Speaker 1>House Republicans supported the bill.

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<v Speaker 2>And that's not all that's going on in the world

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<v Speaker 2>of politics this morning. The race for president is about

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<v Speaker 2>to get a bit more crowded. We're learning former Vice

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<v Speaker 2>President Mike Penn's plans to officially launch his bid next week.

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<v Speaker 2>Bloomberg's Ad Baxter has that story.

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<v Speaker 8>If the plan holds, it will be next Wednesday in Iowa.

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<v Speaker 8>Pence has been laying the groundwork for this for more

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<v Speaker 8>than a year. He has visited early voting states and

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<v Speaker 8>promoted his autobiography. As he challenges Donald Trump, he faces

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<v Speaker 8>polling problems. Real Clear Politics has him with less than

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<v Speaker 8>four percent in the GOP Bloomberg sources say he plans

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<v Speaker 8>to offer himself as the only viable traditional conservative in

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<v Speaker 8>the field, with Ron DeSantis far to the right in

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<v Speaker 8>San Francisco. I'm at Baxter Bloomberg daybreak.

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<v Speaker 1>All righted? Thanks? So, outside of politics, Wall Street is

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<v Speaker 1>laser focused on what the Fed does next to where

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<v Speaker 1>in less than two weeks from the Central Bank's next meeting,

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<v Speaker 1>and there's growing talk of a rate pause. Here's Fed

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<v Speaker 1>a Reserve Governor Phillip Jefferson.

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<v Speaker 9>A decision to hold our policy rate constant at a

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<v Speaker 9>coming meeting should not be interpreted to me that we

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<v Speaker 9>have reached the peak rate for this cycle. Indeed, skipping

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<v Speaker 9>a rate hike at a coming meeting would allow the

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<v Speaker 9>committee to see more data before making decisions about the

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<v Speaker 9>extent of additional policy firming.

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<v Speaker 10>Thank.

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<v Speaker 1>Governor Philip Jefferson, who's been nominated to serve as vice chair,

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<v Speaker 1>says he's looking to tomorrow's jobs report is a key

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<v Speaker 1>reading and word of a.

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<v Speaker 2>Pause is nothing new. But how about a skip in

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<v Speaker 2>rate hikes? That's the latest rhetoric coming out of the

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<v Speaker 2>Central Bank. From Philadelphia Fed President Patrick Harker.

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<v Speaker 11>I am in the camp increasingly coming into this meeting

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<v Speaker 11>thinking that we really should skip, not pause. I don't

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<v Speaker 11>like the word pause, but skip an increase.

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<v Speaker 2>Philadelphia Fed President Patrick Harker says the Central Bank doesn't

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<v Speaker 2>have to hike at every meeting, but he appears to

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<v Speaker 2>like the optionality that a term like skip may offer

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<v Speaker 2>policy makers.

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<v Speaker 7>Well.

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<v Speaker 1>Any other news we are following this morning brings us

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<v Speaker 1>to the world's richest ban. Elon Musk is on his

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<v Speaker 1>way home after wrapping up his first visit to China

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<v Speaker 1>since the pandemic, and we get the latest from Bloomberg's

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<v Speaker 1>John Tucker, John.

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<v Speaker 10>And Karen is Private gena part of Shanghai. This morning

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<v Speaker 10>local time, he wrapped up the whorldwind Tour meeting staff

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<v Speaker 10>at Tesla's Shanghai plant. Tesla's China team showed the Boss

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<v Speaker 10>the first trial production CARB, the revamped Model three. Like

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<v Speaker 10>other Auto Titans, he's strengthening ties with Beijing, just as

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<v Speaker 10>the Biden administration and other Western leaders try to less

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<v Speaker 10>in dependence on China. Mus apparently didn't want to ruffle

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<v Speaker 10>any feathers during the visit. He was absent on Twitter.

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<v Speaker 10>Musk has had his longest absence from the platform since

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<v Speaker 10>June of twenty twenty two.

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<v Speaker 2>Now.

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<v Speaker 10>A lot of foreign social media platforms are banned in China,

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<v Speaker 10>including Twitter, although it's easy to get around the band.

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<v Speaker 10>Musk also may have popped a bottle of champagne on

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<v Speaker 10>the way home after learning that he's regained his title

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<v Speaker 10>as World's richest in New York. I'm John Tucker, Bloomberg Daybreak.

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<v Speaker 2>All right, thank you, John Elon. Musk and Jamie Diamond

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<v Speaker 2>aren't the only ceo spending time in China this week.

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<v Speaker 2>Bloomberg News has learned and Vidia CEO En Wang is

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<v Speaker 2>heading to China to meet with tech executives in the

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<v Speaker 2>world's biggest chip market, and Nvidia has emerged as a

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<v Speaker 2>critical player in artificial intelligence, its position in China is complicated.

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<v Speaker 2>US sanctions prevent the semiconductor company from selling its most

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<v Speaker 2>advanced AI chipsets to Chinese customers, including Tencent and by Dance.

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<v Speaker 1>On other corporate news this morning, Amy, a top Walmart executive,

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<v Speaker 1>says the retailer remains committed to its Pride Month offerings.

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<v Speaker 1>The decision comes as competitor Target is embroiled at a

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<v Speaker 1>controversy over similar products. Target removes some items from its

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<v Speaker 1>collection for Pride Month in June which honors lesbian, gay, bisexual,

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<v Speaker 1>and transgender people. Targets hit a rationist threats made workers

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<v Speaker 1>feel unsafe. This is Bloomberg.

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<v Speaker 2>Thank you, Karen. Time now for a look at some

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<v Speaker 2>of the other stories making news in New York and

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<v Speaker 2>around the world. For that, we're joined by Bloomberg's Michael Barr.

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<v Speaker 3>Good morning, Michael, Good morning. Amy. Russian forces began June

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<v Speaker 3>with the fresh round of missile strikes in Ukraine, killing

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<v Speaker 3>at least three people and wounding others. The Russian strikes

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<v Speaker 3>at apartment buildings and a medical clinic and the capitol Kiev. Meanwhile,

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<v Speaker 3>NATO foreign ministers continue their meetings today in Norway, discussing

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<v Speaker 3>Ukraine's possible future in the Alliance. NATO Secretary General Jen Stoltenberg, the.

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<v Speaker 12>Most urgent and important task now is to ensure that

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<v Speaker 12>Ukraine prevails as a sovereign, independent nation. Preston Putin, Russia

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<v Speaker 12>must not win this war.

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<v Speaker 3>US Secretary of State Blincoln also arrived in Oslo today.

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<v Speaker 3>Several media outlets report that Justice Department prosecutors have obtained

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<v Speaker 3>an audio recording a former President Donald Trump after he

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<v Speaker 3>left office, in which he talks about holding on to

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<v Speaker 3>a classified document related to a potential attack on Iran.

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<v Speaker 3>The twenty twenty one recording at his golf club in

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<v Speaker 3>Bedminster would appear to undercut his repeated claims that he

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<v Speaker 3>declassified the documents he took with him from the White

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<v Speaker 3>House to mar A Lago. New York City officials are

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<v Speaker 3>calling on the federal government to help with the surge

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<v Speaker 3>of migrants coming from the southern border Texas and to

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<v Speaker 3>have bus tens of thousands of migrants to sanctuary cities

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<v Speaker 3>around the country, including New York. During its first public

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<v Speaker 3>meeting on UFOs, a NASA panel revealed it has reviewed

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<v Speaker 3>more than eight hundred cases of what is now called

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<v Speaker 3>unidentified anomalist phenomena or UAPs. NASA astrobiologist David Grinspoon says

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<v Speaker 3>that his team is working on how to measure life

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<v Speaker 3>on other planets and whether it's connected to UAPs.

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<v Speaker 13>We look for things like anomaloust gases in the atmospheres

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<v Speaker 13>of planets and other anomalies which may possibly reveal the

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<v Speaker 13>presence of life. When we discover such an anomaly, we

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<v Speaker 13>don't conclude that we've discovered life. We seek more data.

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<v Speaker 3>The largest mass transit provider in America reached to potential

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<v Speaker 3>labor agreement with its subway operators and bus drivers. The

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<v Speaker 3>agreement with New York's Metropolitan Transportation Authority securest transit workers

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<v Speaker 3>annual raises of almost ten percent compounded over three years.

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<v Speaker 3>Teen birth rates have fallen to their lowest levels ever,

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<v Speaker 3>according to New Federal DANA. The report from the CBC

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<v Speaker 3>showed that the team birth rate in twenty twenty two

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<v Speaker 3>was thirteen point five per one thousand females. Global News

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<v Speaker 3>twenty four hours a day, powered by more than twenty

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<v Speaker 3>seven hundred journalists nalysts in over one hundred and twenty countries.

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<v Speaker 3>I'm michae lebar this is Bloomberg Gaming.

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<v Speaker 2>All right, Thank you, Michael. Time now for our Bloomberg

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<v Speaker 2>Sports update. For that, we bring in John stash Hour.

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<v Speaker 4>Thanks Amy. The Yankees had scored thirty runs in their

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<v Speaker 4>last three games, but in Seattle, not one in ten innings.

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<v Speaker 4>The Mariners scored in the tenth won one to nothing,

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<v Speaker 4>Yanks wasting nine scoreless innings from Clark Smidwandi, Parlton, Clay Holmes.

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<v Speaker 4>Seattle's George Kirby, the twenty five year old Westchester native

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<v Speaker 4>who had allowed seven runs. In his previous outing, Herald

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<v Speaker 4>eight scoreless, allowing only three hits. Yanks off tonight, visit

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<v Speaker 4>the Dodgers tomorrow, Mets this afternoon. Jill for a sweep

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<v Speaker 4>of the Phillies after the two to nothing win, a

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<v Speaker 4>four to one victory at City Field. Carlos carrasco three

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<v Speaker 4>relievers teaming to beat the Phils. Aaron Nola Mark Canna

0:10:04.200 --> 0:10:07.160
<v Speaker 4>drove in all four met runs. NBA coaching carousel, another

0:10:07.200 --> 0:10:10.360
<v Speaker 4>coach who just got fired got another job. Nick Nurse

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<v Speaker 4>went from Toronto to the Philadelphia. Now Monty Williams fired

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<v Speaker 4>in Phoenix, hired in Detroit. He's gonna make thirteen million

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<v Speaker 4>a year. Here's Denver's coach Michael Malone on the eve

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<v Speaker 4>of the start tonight of the NBA Finals.

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<v Speaker 6>This is gonna be the biggest challenge of our lives

0:10:24.920 --> 0:10:28.280
<v Speaker 6>to see NBA Finals. This is you trying to win

0:10:28.320 --> 0:10:31.839
<v Speaker 6>the first NBA championship in franchise history. It's gonna be

0:10:31.880 --> 0:10:33.880
<v Speaker 6>the hardest thing that we've ever done, which is the

0:10:33.880 --> 0:10:34.480
<v Speaker 6>way he should be.

0:10:34.520 --> 0:10:36.680
<v Speaker 4>It's the Nuggets in the eight, Denver in the playoffs.

0:10:36.679 --> 0:10:38.439
<v Speaker 4>It's twelve and three eight and I went home with

0:10:38.559 --> 0:10:40.640
<v Speaker 4>Miami six and four on the road, just had three

0:10:40.720 --> 0:10:43.880
<v Speaker 4>wins in Boston. Veteran white out de Andre Hopkins as

0:10:43.880 --> 0:10:46.000
<v Speaker 4>a free agent after getting released by Arizona. The Jets

0:10:46.040 --> 0:10:49.080
<v Speaker 4>say they are not interested. Giants coach Brian Dabole says

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<v Speaker 4>they will do their due diligence. French open the one,

0:10:52.280 --> 0:10:55.640
<v Speaker 4>three and five seeds all one. That's Carlos Alcaraznovak, Djokovic

0:10:55.679 --> 0:10:58.600
<v Speaker 4>and Stefandos Sits the pass. Second round matches coming up

0:10:58.880 --> 0:11:02.800
<v Speaker 4>for Americans Taylor, It's Francis Tfo and Coco cow John

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<v Speaker 4>stash Our Bloomberg Sports.

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<v Speaker 5>From coast to coast, from New York to San Francisco,

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<v Speaker 5>Boston to Washington, d C. Nationwide on Syrias Exam, the

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<v Speaker 5>Bloomberg Business app, and Bloomberg dot Com. This is Bloomberg Daybreak.

0:11:21.360 --> 0:11:23.800
<v Speaker 2>Hey, good morning, im Amy Morris. The House passed that

0:11:23.920 --> 0:11:26.640
<v Speaker 2>debt limit bill. It would put limits on government spending

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<v Speaker 2>through the twenty twenty four election and avert a destabilizing

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<v Speaker 2>US default. And now it heads to the Senate. It

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<v Speaker 2>is expected to pass, but it's also expected to receive

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<v Speaker 2>a little pushback there. We're joined now by the co

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<v Speaker 2>director of the Center on US Politics, Julie Norman at

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<v Speaker 2>University College London. Julie, it's always a pleasure. Thank you

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<v Speaker 2>for taking the time with us this morning. Some pretty

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<v Speaker 2>vehement no votes from the Freedom Caucus, from the Progressive

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<v Speaker 2>Caucus in the House. Do you expect similar pushback in

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<v Speaker 2>the Senate?

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<v Speaker 14>Well, good morning, Amy. You know this was going to

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<v Speaker 14>be tough in both houses. I would say getting it

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<v Speaker 14>through the House of Representatives was key. I think that

0:12:04.679 --> 0:12:07.240
<v Speaker 14>was the big vote that everyone was watching. Could McCarthy

0:12:07.280 --> 0:12:09.520
<v Speaker 14>get the vote votes, could they get this over the line.

0:12:09.760 --> 0:12:12.480
<v Speaker 14>The Senate will still have holdouts, but the Senate, I

0:12:12.480 --> 0:12:14.880
<v Speaker 14>think it's more a question of how fast it will

0:12:14.880 --> 0:12:17.800
<v Speaker 14>move through rather than if it will move through. We're

0:12:17.840 --> 0:12:21.319
<v Speaker 14>expecting procedural votes to start really as soon as possible.

0:12:21.559 --> 0:12:23.960
<v Speaker 14>It's really a question as to how many senators try

0:12:24.000 --> 0:12:26.560
<v Speaker 14>and throw in amendments, try and kind of muck up

0:12:26.559 --> 0:12:28.439
<v Speaker 14>the process a little bit. But we've heard from the

0:12:28.520 --> 0:12:32.120
<v Speaker 14>leadership on both sides, both Schumer and McConnell saying, look,

0:12:32.160 --> 0:12:34.120
<v Speaker 14>we've got to get this through fast, guys, and just

0:12:34.240 --> 0:12:36.200
<v Speaker 14>like keep this moving as much as possible.

0:12:37.080 --> 0:12:38.720
<v Speaker 2>So what are the sticking points?

0:12:40.360 --> 0:12:42.720
<v Speaker 14>Well, for Republicans, it's pretty much that it doesn't go

0:12:42.880 --> 0:12:46.240
<v Speaker 14>far enough. You know, the bill that House Republicans had

0:12:46.679 --> 0:12:50.320
<v Speaker 14>put out that many senter Republicans also wanted, had much

0:12:50.360 --> 0:12:53.120
<v Speaker 14>deeper cuts for a much longer length of time. So

0:12:53.600 --> 0:12:57.960
<v Speaker 14>for some conservative senators Mike Lee and Utah for example,

0:12:58.120 --> 0:13:00.559
<v Speaker 14>Ron Paul are saying, you know this, this doesn't go

0:13:00.600 --> 0:13:02.560
<v Speaker 14>far enough. We're going to push for a little bit more.

0:13:02.840 --> 0:13:05.079
<v Speaker 14>On the other hand, you have some of the more progressive

0:13:05.120 --> 0:13:08.720
<v Speaker 14>Democrats Bernie Sanders Elizabeth Warren saying, look, this is too

0:13:08.760 --> 0:13:12.640
<v Speaker 14>many concessions on work requirements for AID. I'm pulling back

0:13:12.679 --> 0:13:14.960
<v Speaker 14>some of our priorities. So we're also not going to

0:13:15.080 --> 0:13:18.120
<v Speaker 14>endorse this. So again you have some individuals, I think

0:13:18.240 --> 0:13:21.640
<v Speaker 14>on both ends who will not throw their weight behind it.

0:13:21.679 --> 0:13:23.760
<v Speaker 14>But there does seem to be a bit more confidence

0:13:23.840 --> 0:13:25.880
<v Speaker 14>that there's more in the Senate who can get this

0:13:25.960 --> 0:13:27.360
<v Speaker 14>over the line from both parties.

0:13:28.720 --> 0:13:31.320
<v Speaker 2>Does this tell you anything about the ability for these

0:13:31.360 --> 0:13:34.560
<v Speaker 2>two sides to be able to strike deals on other issues?

0:13:34.600 --> 0:13:37.520
<v Speaker 2>Does this signal a glimmer of comedy and I mean

0:13:37.679 --> 0:13:40.920
<v Speaker 2>co mity comedy in a bitterly divided Congress.

0:13:42.000 --> 0:13:44.760
<v Speaker 14>I wish we could say there were broader hope from this.

0:13:44.840 --> 0:13:46.720
<v Speaker 14>But I would say we should take comfort in the

0:13:46.760 --> 0:13:50.400
<v Speaker 14>fact that bipartisanship did work this time around in the

0:13:50.480 --> 0:13:53.520
<v Speaker 14>House forgetting this deal through. That was definitely not a

0:13:53.559 --> 0:13:56.720
<v Speaker 14>given going into this process. And there's just so many

0:13:56.720 --> 0:13:58.560
<v Speaker 14>times you can keep pulling a rabbit out of the

0:13:58.559 --> 0:14:00.880
<v Speaker 14>hat on the debt ceiling, and they managed to do

0:14:00.960 --> 0:14:04.000
<v Speaker 14>it with the House. And I do think it was

0:14:04.040 --> 0:14:07.240
<v Speaker 14>because of the leadership of both Biden and McCarthy and

0:14:07.360 --> 0:14:10.800
<v Speaker 14>really the moderates on both parties realizing the severity of

0:14:10.840 --> 0:14:13.440
<v Speaker 14>this situation and getting it through. I don't think that

0:14:13.480 --> 0:14:16.080
<v Speaker 14>will be the case on you know, most other issues.

0:14:16.120 --> 0:14:17.000
<v Speaker 2>I think there were.

0:14:16.960 --> 0:14:19.680
<v Speaker 14>Clearer heads prevailed and just realized we cannot hit this

0:14:20.000 --> 0:14:23.080
<v Speaker 14>June fifth date. And that's really what mobilized most of

0:14:23.120 --> 0:14:25.800
<v Speaker 14>these votes more than the concessions from one party or

0:14:25.800 --> 0:14:26.120
<v Speaker 14>the other.

0:14:27.040 --> 0:14:29.240
<v Speaker 2>You know how things on Capitol Hill always tend to

0:14:29.240 --> 0:14:32.800
<v Speaker 2>be a zero sum game. Did anybody win? Did President

0:14:32.840 --> 0:14:35.760
<v Speaker 2>Biden win? Did Speaker McCarthy win? Can they both chalk

0:14:35.800 --> 0:14:36.720
<v Speaker 2>it up as a victory?

0:14:37.720 --> 0:14:40.240
<v Speaker 14>Well, Amil, depends who you ask, right, I mean, both

0:14:40.640 --> 0:14:42.920
<v Speaker 14>both Biden and McCarthy will try and chalk this up

0:14:42.960 --> 0:14:46.560
<v Speaker 14>as a win. McCarthy is definitely trying to tell Republicans, look,

0:14:46.600 --> 0:14:49.680
<v Speaker 14>this is the biggest cuts in history, you know, making

0:14:49.680 --> 0:14:52.520
<v Speaker 14>pretty grand claims about what was really, in all honesty,

0:14:52.600 --> 0:14:55.520
<v Speaker 14>pretty modest. Bill Biden, on the other hand, I think,

0:14:55.560 --> 0:14:58.160
<v Speaker 14>can make the case that he protected a lot of

0:14:58.200 --> 0:15:02.400
<v Speaker 14>programs and funding that Republics had really set out to cut.

0:15:02.600 --> 0:15:05.080
<v Speaker 14>So both will spin it in their own, you know,

0:15:05.240 --> 0:15:07.680
<v Speaker 14>in their own favor, and my sense is that the

0:15:07.720 --> 0:15:09.880
<v Speaker 14>public is responding as such as well. You know, when

0:15:09.880 --> 0:15:12.320
<v Speaker 14>this was going down to the wire, most Republicans were

0:15:12.480 --> 0:15:15.680
<v Speaker 14>blaming democrats, most Democrats were blaming Republicans, and so politically

0:15:15.720 --> 0:15:17.360
<v Speaker 14>all probably come out to a wash. But the good

0:15:17.400 --> 0:15:20.000
<v Speaker 14>news is that it looks like this is moving through

0:15:20.080 --> 0:15:22.360
<v Speaker 14>and moving forward, and that's really what all of us

0:15:22.400 --> 0:15:23.320
<v Speaker 14>were hoping to avoid.

0:15:24.240 --> 0:15:27.400
<v Speaker 2>Is there still a question though now about Speaker McCarthy's future,

0:15:27.440 --> 0:15:33.200
<v Speaker 2>because there were Republicans who are very vehemently against this deal. Absolutely.

0:15:33.320 --> 0:15:36.000
<v Speaker 14>I mean, I think what's notable is that he did

0:15:36.040 --> 0:15:39.960
<v Speaker 14>manage to get about two thirds of Republicans on board

0:15:40.040 --> 0:15:42.720
<v Speaker 14>with this bill. I think if it had been you know,

0:15:42.760 --> 0:15:44.880
<v Speaker 14>if he didn't get the majority of the majorities, he

0:15:44.960 --> 0:15:47.200
<v Speaker 14>kept saying that would have been a problem, but the

0:15:47.240 --> 0:15:50.120
<v Speaker 14>fact that that many supported him suggests that even if

0:15:50.320 --> 0:15:52.760
<v Speaker 14>there were, you know, a few individuals or some of

0:15:52.800 --> 0:15:56.239
<v Speaker 14>the Freedom Caucus who were trying to threaten his speakership,

0:15:56.600 --> 0:15:59.120
<v Speaker 14>it seems that he has enough support from within the

0:15:59.120 --> 0:16:01.120
<v Speaker 14>caucus that he could override. Then I think they know

0:16:01.200 --> 0:16:03.000
<v Speaker 14>they don't have the votes to push something like that

0:16:03.080 --> 0:16:05.280
<v Speaker 14>right now. So for the time being, I think this

0:16:05.320 --> 0:16:07.280
<v Speaker 14>is pretty much a win for McCarthy, but he knows

0:16:07.280 --> 0:16:09.280
<v Speaker 14>he's on thin ice with you many of the far

0:16:09.360 --> 0:16:10.720
<v Speaker 14>right members of the party.

0:16:11.040 --> 0:16:13.480
<v Speaker 2>Only about thirty seconds here. Does this also then speak

0:16:13.520 --> 0:16:16.240
<v Speaker 2>well for more moderate voices in either party in the

0:16:16.280 --> 0:16:19.040
<v Speaker 2>broader sense, one would hope.

0:16:19.080 --> 0:16:21.360
<v Speaker 14>So again, I would say the debt ceiling is a

0:16:21.400 --> 0:16:24.240
<v Speaker 14>little bit of a distinct issue, and I would note

0:16:24.280 --> 0:16:25.840
<v Speaker 14>that even some of the votes did not go with

0:16:25.920 --> 0:16:28.840
<v Speaker 14>some woe maybe expect Marjorie Taylor Green, Jim Jordan. Some

0:16:28.960 --> 0:16:30.840
<v Speaker 14>that we think as being more farther on the right

0:16:30.960 --> 0:16:33.560
<v Speaker 14>voted for this, and I do think that speaks to

0:16:33.600 --> 0:16:36.320
<v Speaker 14>how McCarthy was able to kind of leverage some of

0:16:36.360 --> 0:16:38.960
<v Speaker 14>his relationships here. So we'll see if that carries over

0:16:39.000 --> 0:16:41.720
<v Speaker 14>to other issues. But for now focusing on the debt ceiling,

0:16:41.800 --> 0:16:43.560
<v Speaker 14>and this seems to be moving forward in the way

0:16:43.560 --> 0:16:44.840
<v Speaker 14>that many of us hope that it would.

0:16:46.880 --> 0:16:50.240
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