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Speaker 1: Politics, policy and perspective from DC's top names today. Remark

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Speaker 1: tragic milestone here in the United States. One million COVID

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Speaker 1: disk I believe we owe it to their memory to

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Speaker 1: renew our fight against the deadly virus. Schoomberg swned on

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Speaker 1: with Joe Matthew on Bloomberg Radio. The minority leader in

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Speaker 1: the US House is subpoenaed by the January six Committee,

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Speaker 1: along with four other Republican members. Welcome to the fastest

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Speaker 1: hour in politics, with breaking news and extraordinary development that

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Speaker 1: brings constitutional questions to the table and more partisanship likely

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Speaker 1: to Washington. We'll get the latest from Bloomberg Government's Emily

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Speaker 1: Wilkins on Capitol Hill and insights from national security lawyer

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Speaker 1: Brad Moss, partner at Mark's Aid. The US Senate passes

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Speaker 1: tens of billions of dollars in weapons for Ukraine. Not

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Speaker 1: yet actually, Jack Fitzpatrick will join us later with more

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Speaker 1: as we count the votes heading into next week. As

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Speaker 1: it follows, the House in the US is marking one

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Speaker 1: million COVID deaths. Democrats pushing for more money to respond.

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Speaker 1: Our panel today, Bloomberg Politics contributor Democratic analyst Genie Chanzano

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Speaker 1: along with Lester months in principle at government relations firm

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Speaker 1: b g R Group. The story broke midday here in Washington.

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Speaker 1: Five more subpoenas from the January six commission, but to

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Speaker 1: actual lawmakers, to Republican members of Congress, including the minority

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Speaker 1: leader in the House himself, Kevin McCarthy, who was of

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Speaker 1: course heard on recordings leaked recently from The New York

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Speaker 1: Times suggesting after January six that Donald Trump resigned. A

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Speaker 1: scrum of reporters caught up with McCarthy today in the

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Speaker 1: hallway after the news broken. I have not seen the subpoena.

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Speaker 1: I guess they sent it to you guys before they

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Speaker 1: send it to me. Look, my view on the committee

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Speaker 1: has not changed. They're not conducting legitimate investigation. Seems as

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Speaker 1: though they just want to go after their political opponents.

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Speaker 1: So it's unclear how exactly he's going to respond. The

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Speaker 1: others apparently receiving subpoenas today as well, Jim Jordan of Ohio,

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Speaker 1: Scott Perry of Pennsylvania, Brooks of Alabama, Andy Bigs of Arizona.

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Speaker 1: Let's get into this for a moment with Bloomberg Government's

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Speaker 1: Emily Wilkins, who covers the leadership in the House for us, Emily,

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Speaker 1: do we expect more of a response from McCarthy. Is

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Speaker 1: there going to be a news conference or something tomorrow? Well,

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Speaker 1: McCarthy usually has a weekly news conference, although that's not

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Speaker 1: always a guarantee. UM. I think the the answer that

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Speaker 1: he gave to reporters there is something we're going to

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Speaker 1: hear repeated though. I mean, he and Republicans have repeatedly

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Speaker 1: tried to downplay the legitimacy of this committee looking into

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Speaker 1: January six, Um, you know, just sort of saying that

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Speaker 1: it's partisans, saying that you know, they're not that doesn't

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Speaker 1: just going after their political enemies. UM, certainly, we're all

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Speaker 1: keeping our eyes on this committee. They have interviewed hundreds

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Speaker 1: of witnesses at this point, UM, gotten hours of documentation,

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Speaker 1: including from people like Ivanka and Jared Trump, and so

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Speaker 1: you know, certainly it seems like their investigation has been

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Speaker 1: really comprehensive. But I think what you heard from McCarthy

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Speaker 1: there is what you're going to continue to kind of

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Speaker 1: hear that drumbeat of downplaying the legitimacy of this panel.

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Speaker 1: Any word from the other members, Emily, Yeah, I mean

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Speaker 1: we've heard a little bit, and it's kind of been

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Speaker 1: in that same mold of saying you know that that

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Speaker 1: you know they don't think that it's legitimate, and that

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Speaker 1: you know this, they're not planning to appear in front

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Speaker 1: of the committee at this point. I mean, really, this

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Speaker 1: is a huge break though imprecedent, to actually have a

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Speaker 1: congressional panel issue subpoenas for sitting members of Congress, one

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Speaker 1: of them who has a very real possibility of becoming

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Speaker 1: Speaker of the House next year. I mean, this is

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Speaker 1: just sort of goes to show exactly how divided things

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Speaker 1: are right now in Washington and just how tense everything is.

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Speaker 1: A lot of it is because of this fallout from

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Speaker 1: January six. Incredible stuff. Emily, thank you for being with us,

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Speaker 1: and thank you for helping us get that sound of

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Speaker 1: Kevin McCarthy. That's what Emily does all day, stalking the

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Speaker 1: halls of Congress. Billy House writes on the terminal, the

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Speaker 1: subpoenas are certain to lead to extended court clashes, potentially rooted,

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Speaker 1: he writes in the constitutions speech or debate clause that

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Speaker 1: shields lawmakers. Let's dive deeper into this with an expert

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Speaker 1: Brad Moss, partner at Mark's Aid, specializes in national security

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Speaker 1: and joins US. Now, Brad, welcome. We know the January

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Speaker 1: six Committee is an uncharted territory here, the idea of

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Speaker 1: lawmakers sending subpoenas to lawmakers, this is a new level. Now, yeah,

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Speaker 1: I mean this very much crossed, sort of an unwritten

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Speaker 1: line about the idea of Congress going after one of

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Speaker 1: their own with the legislative subpoena to appear before panel.

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Speaker 1: We're in a bit of uncharted territory. We don't quite

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Speaker 1: know how this will play out. I mean, we certainly know,

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Speaker 1: and I think you know you heard the intro you

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Speaker 1: just did kind of lads out. We're gonna see some

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Speaker 1: refusals to cooperate. I'm sure McCarthy, you'll do a press conference,

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Speaker 1: one of those usual ones where's gonna indicate that they

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Speaker 1: have no intention of complying and they're going to try

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Speaker 1: to quash the subpoenas. There's going to be some interesting

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Speaker 1: constitutional issues here in terms of not only speech and bait,

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Speaker 1: but also the idea of executive privilege because of the

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Speaker 1: fact that some of these individuals were interacting with executive

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Speaker 1: branch official UM and so it's going to be a

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Speaker 1: very dragged out process. The question is will there be

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Speaker 1: any real stomach to try to drag it out into litigation.

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Speaker 1: Will there be a move to quashia subpoenas or will

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Speaker 1: they define simply defy them. How do you quash the subpoena?

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Speaker 1: If if he's your client, Brad, what do you do next? So? Yeah,

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Speaker 1: so the congressmen will will file in federal court. They'll

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Speaker 1: move to quashia subpoena, claiming it's overbroad, claiming it implicates

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Speaker 1: First Amendment right, it's any number of issues that justify

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Speaker 1: shutting it down, which the federal courts have jurisdiction to do.

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Speaker 1: When there's already court cases such as Mark Meadows case,

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Speaker 1: where they're trying to do something like that. Um, that's

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Speaker 1: what I would expect these They also heard though, that

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Speaker 1: Meadows was cooperating with the committee for a while, and

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Speaker 1: we don't expect that to come from McCarthy. No. I

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Speaker 1: have no anticipation, no reason to believe any of these

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Speaker 1: members will cooperate, even Moe Brooks, who you know kind

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Speaker 1: of got you know, shift a bit by the former

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Speaker 1: then and shoved to the side. I still don't see

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Speaker 1: him cooperating if he wants to have any political career

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Speaker 1: going forward. Um, it'll be interesting to see if they

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Speaker 1: dare the Justice Department to indict them for contempt. Well,

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Speaker 1: that's where this would go, right if they if they

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Speaker 1: refuse the subpoena, as the courts uphold them, then this

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Speaker 1: goes to Merrick Garland to make the next move. Yeah,

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Speaker 1: and that is the one area where there's some potential

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Speaker 1: exposure and some risk for these members, and that would

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Speaker 1: go beyond whatever happens in the midterms, because if the

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Speaker 1: midterms go the way we expect and Republicans take back

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Speaker 1: the House, the panel is going to shut down and

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Speaker 1: there would be no civil litigation. But if this is

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Speaker 1: if this gets the point where it gets a criminal

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Speaker 1: referral to the Justice Department, that goes beyond the authority

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Speaker 1: of the Republicans at that point to shut down, and

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Speaker 1: that would be up to d o J. That's the

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Speaker 1: one thing they don't want. How much chance do they

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Speaker 1: have to slow things down? To your point, they get

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Speaker 1: through the midterms and the story is going to change

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Speaker 1: a lot. Know, the committee is said to hold hearings

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Speaker 1: next month. Can they delay this for the better part

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Speaker 1: of the summer or longer. They can absolutely delay it

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Speaker 1: if they handled civil litigation properly and just move too

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Speaker 1: quations that are outright refusing to comply. That will ensure

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Speaker 1: that the litigation goes past the mid terms and that

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Speaker 1: there's never ever any resolution. So this is why, and

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Speaker 1: you know this, brother, this is why everyone said today

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Speaker 1: when it came out, Wow, big deal, unprecedented, but probably

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Speaker 1: nothing's going to happen. Is that how you feel? I

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Speaker 1: think it was a bit of a political move to

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Speaker 1: see how these republicants would respond, because let's remember, if,

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Speaker 1: assuming they take back the House and possibly the Senate,

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Speaker 1: they're going to have any number of hearings they're gonna

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Speaker 1: want to hold on the Biden family and Hunter Biden.

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Speaker 1: There's gonna be any number of subpoenas. They're gonna want

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Speaker 1: to be respected. So anything they do to undermine, whether

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Speaker 1: simply politically or not to mention potentially legally, the authority

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Speaker 1: of congressional subpoenas could come back to bite them in

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Speaker 1: the public public view going forward. Interesting. But then again,

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Speaker 1: what happened today at the committee, crossing that line just

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Speaker 1: open the floodgates, most likely for Republicans when they take

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Speaker 1: the majority. I think it assuming that happens. And I

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Speaker 1: think if you're if you're especially if you're a Democrat

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Speaker 1: on the committee, you're pretty much assuming that they were

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Speaker 1: going to kind of cross that line anyway. I mean

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Speaker 1: they wanted to. That's absolutely right. As we spend time

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Speaker 1: with Brad Moss partner at Mark's Aid and get a

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Speaker 1: better sense of the legal aspects here, the speech or

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Speaker 1: Debate clause is interesting. This came up today that would

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Speaker 1: shield lawmakers from essentially being arrested in their own house, right, Brad, correct?

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Speaker 1: I mean the Speech and Debate clause, though, is not

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Speaker 1: all encompassing and universal. It's designed to shield what they

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Speaker 1: do in their official capacity and particularly on the floor

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Speaker 1: of the House or in their offices. It's not meant

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Speaker 1: to shield them, um, from other actions they take. I mean,

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Speaker 1: there's certainly been members of Congress who've gotten into criminal trouble,

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Speaker 1: which to debate clause had nothing to do with it.

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Speaker 1: I don't see that, given what you know already about

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Speaker 1: these actions by these various members, I don't see that

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Speaker 1: as some grand defense for them. Um. I see more

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Speaker 1: of a executive privilege and more of a constitutional separation

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Speaker 1: of powers problem in terms of trying to enforce this

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Speaker 1: against incumbent members. Yeah, you mentioned Meadows. Steve Bannon was

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Speaker 1: the other. Have we learned anything from their experiences that

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Speaker 1: would give us a sense of what comes here? Or

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Speaker 1: this really is unprecedented because they're sitting members. You've got

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Speaker 1: a member of the leadership. Yeah, I mean those those

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Speaker 1: are very certainly different. You know, Steve Bannon was just

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Speaker 1: the former bureacratic official. Mark Meadows was the you know,

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Speaker 1: chief of staff. He wasn't the member of Congress at

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Speaker 1: the time of relevance for his subpoena. And even with them,

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Speaker 1: you saw it with Steve Bannon's case, that's getting dragged

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Speaker 1: on and dragged on and tied up in pre trial motions.

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Speaker 1: It's you know, it's still no resolution to it. It's

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Speaker 1: not clear that Steve Bannon really cares. If you spend

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Speaker 1: six months of jail over it, he'll still never testifying.

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Speaker 1: This speaks to some of the weakness of the power

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Speaker 1: of Congress to compel compliance. You don't think you're gonna

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Speaker 1: see Kevin McCarthy in handcuffs. It sounds like I have

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Speaker 1: zero reason at all to believe that would happen from

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Speaker 1: this case now, and will this committee subpoena Donald Trump?

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Speaker 1: Is that the next big move they're at most. I

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Speaker 1: think they would offer the voluntary, you know, cooperation idea.

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Speaker 1: They're not gonna spend their water political capital subpoena and

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Speaker 1: him he would refuse it anyways, and there's gonna be

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Speaker 1: no resolution to that before the midterms. They've got what

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Speaker 1: they need. The last person you really want to waste

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Speaker 1: your time on in this kind of situation is Donald Trump,

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Speaker 1: because he'll just talk your ear off. Okay, fine, is

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Speaker 1: the committee? Lastly, Brad, we only have thirty seconds slowing

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Speaker 1: itself down with these subpoenas. Why not get on TV

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Speaker 1: with the information you have? I think I think I

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Speaker 1: think they're ready to do that. I think it sounds

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Speaker 1: like next month they're gonna have these big blockbuster hearing.

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Speaker 1: I think this is just a final political shot across

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Speaker 1: the bow to see if they can put some pressure

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Speaker 1: on these members, potentially make one break and provide some cooperations.

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Speaker 1: I love to talk to again when we learn more.

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Speaker 1: At Moss, thanks for the insights partner. At Mark's eight,

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Speaker 1: He's been through this and well, no one's been through this,

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Speaker 1: but a true expert on this style of law in

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Speaker 1: Washington with national security and security clearances in his portfolio.

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Speaker 1: We're gonna turn it over to the panel next. Genie

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Speaker 1: Chanzano is with us today along with Lester Munson. The

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Speaker 1: fastest hour in politics this he's Bloomberg. You're listening to Bloomberg.

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Speaker 1: You sound on with Joe Matthew on Bloomberg Radio New

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Speaker 1: Levels today in Washington. You thought you'd seen it all

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Speaker 1: as the January six Committee sends subpoenas to five sitting members,

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Speaker 1: all Republicans, including the minority leader Kevin McCarthy. If you

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Speaker 1: were with us at the top of the hour, you

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Speaker 1: heard him say he hasn't seen the subpoena yet, and

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Speaker 1: he doesn't sound like he's taken it very seriously. As

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Speaker 1: we assemble our panel with Bloomberg Politics contributor to Democratic

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Speaker 1: analyst Genie Chanzano and Lester Munson's with us today, principle

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Speaker 1: at government relations firm b g R Group, former staff

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Speaker 1: director for the Senate Foreign Relations Committee. Great to have

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Speaker 1: both of you with us here. We didn't know we're

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Speaker 1: gonna be talking about this tonight. Genie or their Democrats

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Speaker 1: helping themselves or slowing the process. That is really starting

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Speaker 1: to bump up against the deadline here if the majority

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Speaker 1: becomes Republican. This committee has gone Yeah, I mean, the

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Speaker 1: calendar is a big problem for the Democrats. It's been

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Speaker 1: a big problem for this committee. They're obviously going to

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Speaker 1: have hearings in June. In terms of these subpoenas, I

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Speaker 1: can't imagine that they expect there is going to be compliance.

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Speaker 1: But I do think and we hear from the members

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Speaker 1: that they thought important after they refused to testify, uh,

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Speaker 1: you know, when they were asked that they be subject

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Speaker 1: to subpoenas as Emily and you and everyone was talking

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Speaker 1: about this is really really unprecedented. I mean, the idea

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Speaker 1: that the future likely Speaker of the House is going

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Speaker 1: to be entered subpoena by his own houses. You know,

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Speaker 1: in some ways people have described as a tsunami, and

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Speaker 1: I think that is absolutely true. But does it feel

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Speaker 1: like overreached you or do you like hearing this that

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Speaker 1: you know what Democrats are going for it? Given the moment,

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Speaker 1: I think it is important. You know, this is an

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Speaker 1: incredibly important moment in American history. Accountability is required five

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Speaker 1: people killed, the attempt to halt the peaceful transfer of

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Speaker 1: power for the first time in history, millions of dollars

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Speaker 1: worth of damage at the people's house. I mean, for

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Speaker 1: all of these reasons, in Kevin McCarthy's own words, he's

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Speaker 1: considering usingendment. These are all reasons that is important that

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Speaker 1: the Congress get accountability. That doesn't change the fact that

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Speaker 1: Republicans will likely see this as a witch hunt. And

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Speaker 1: that's not going to change what's the move for Kevin McCarthy.

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Speaker 1: Never mind the others here a lester, but we'll deal

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Speaker 1: with the minority leader right now. Just continue kind of

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Speaker 1: outrunning reporters in the hallways. There's nothing to see here?

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Speaker 1: Or does he need to hold a news conference and

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Speaker 1: look into the camera and tell people what's going on?

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Speaker 1: From his perspective, I have to say, I think this

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Speaker 1: subpoena works to Kevin McCarthy's advantage, his real potential. And

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Speaker 1: this is this is incredibly cynical, but boy, this is uh,

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Speaker 1: this is the world we live in today. Um Uh.

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Speaker 1: I don't want to take anything away from it was

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Speaker 1: really awful, but uh, in the crazy politics we have today,

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Speaker 1: the subpoena helps Kevin McCarthy because he's going to raise

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Speaker 1: money on it, he's gonna fight it, He's gonna look

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Speaker 1: like he's beleaguered, like the same people who are coming

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Speaker 1: after Trump are coming after him. And frankly, his potential

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Speaker 1: political vulnerability is not necessarily with the moderates to the

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Speaker 1: extent there's any elect in the party, it's with the

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Speaker 1: most trumpy parts of the party. Uh. And so this,

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Speaker 1: if anything, helps him solidify that report, if he fights it,

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Speaker 1: that this subpoena helps him fight, helps him give the

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Speaker 1: image of someone who is fighting the same by trumpet,

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Speaker 1: that's going to help him lock in the speakership and Republicans,

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Speaker 1: as folks expect when when the election and so does

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Speaker 1: that conversely bounce back on the committee and look like overreach, Well,

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Speaker 1: I think you know, so the committee is doing, is

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Speaker 1: doing the work that congressional oversight committees do. It became

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Speaker 1: very political, more political that had to when Speaker Pelosi

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Speaker 1: decided not to see two of Kevin McCarthy's choices, and

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Speaker 1: that and we're you know, this is the fruit of

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Speaker 1: that vine um. Not to say again that the events

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Speaker 1: of January six weren't horrific. They were, but this this

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Speaker 1: oversight process has been fraught from the beginning. Doesn't mean

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Speaker 1: they can't come up with good recommendations and a good

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Speaker 1: solid report and show us some things that we didn't

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Speaker 1: know before. But I think the perception, certainly on the

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Speaker 1: Republican side, it's largely going to be this is a

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Speaker 1: continuation of a political process. How about in terms of

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Speaker 1: communicating this for the committee, Genie, do you stick with

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Speaker 1: the schedule for for hearings, get in front of the

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Speaker 1: American people and say, look, these are the people who

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Speaker 1: refuse to talk to us, but here's what we know

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Speaker 1: so far. You do? I mean, I agree with Lester

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Speaker 1: actually on the politics of this. You know, uh, in

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Speaker 1: the times we are in, this does work to Kevin

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Speaker 1: McCarthy's advantage in the short term, in the long term

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Speaker 1: and for history's sake, we do need accounting of this.

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Speaker 1: Oversight is a critical role that Congress plays. And let's

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Speaker 1: not forget Kevin McCarthy likely to be speaker, he too

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Speaker 1: will want to engage in oversight and can you imagine

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Speaker 1: what this is going to look like. They'll be retaliating

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Speaker 1: with subpoena's, Yes, They'll also be trying to investigate other

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Speaker 1: aspects of the Biden administration say, and they will run

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Speaker 1: into a jugger not there as they attempt to do that.

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Speaker 1: So this is gonna work both ways. It's going to

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Speaker 1: work to his short term advantage, but long term it's

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Speaker 1: bad for the American public and it is bad for

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Speaker 1: you know, Republicans as they take control of Congress, if

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Speaker 1: indeed they do, when this thing spirals out of control

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Speaker 1: like this is Donald Trump next, Lester? Is that the

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Speaker 1: next subpoena? I'm sure he would love to be subpoena. Okay, Uh,

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Speaker 1: you know, I apologize for laughing. It's a serious topic. Um,

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Speaker 1: I think he wouldn't. He would enjoy being part of

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Speaker 1: the limelight again. He would have something to talk about

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Speaker 1: in public, which he doesn't really have now except for

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Speaker 1: these Republican primaries that are popping up every week or so.

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Speaker 1: Uh So they'd be doing him a favor. Lester Bunsen

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Speaker 1: is with us along with Jennie Schanzano our panel. For gosh,

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Speaker 1: it's already Thursday, Thursday edition of Sound On. Uh, this

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Speaker 1: is going to be dragged out, Genie. Does Kevin McCarthy

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Speaker 1: just fight it until he runs out the clock? Is

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Speaker 1: that to get back to where we started the strategy here. Yeah,

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Speaker 1: I think the strategy as you try to squash the subpoena,

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Speaker 1: you don't refuse, you try to quash it, and that

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Speaker 1: will drag out. As we've all you know, unfortunately watched

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Speaker 1: this go on. It's going to drag out a long time,

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Speaker 1: well beyond the time that this uh, they're gonna the

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Speaker 1: committee comes forward. Genie and Lester's day with us our

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Speaker 1: panel for the hour. They'll be back in a bit.

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Speaker 1: As we turned to aid for Ukraine, I thought this

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Speaker 1: was bipartisan, non controversial, but then Rand Paul showed up.

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Speaker 1: No vote today in the Senate. You'll have to wait

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Speaker 1: till next week. We'll speak with Jack Fitzpatrick from Bloomberg

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Speaker 1: Government Ahead on sound On, Joe Matthew. This is Bloomberg

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Speaker 1: broadcasting live from our nation's capital, Bloomberg to New York,

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Speaker 1: Bloomberg eleven Frio to Boston, Bloomberg one oh six one

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Speaker 1: to San Francisco, Bloomberg nine sixty to the country, Serious

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Speaker 1: XM Channel one nine and around the globe, the Bloomberg

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Speaker 1: Business app and Bloomberg Radio dot Com. This is Bloomberg

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Speaker 1: Sound On with Joe Matthew. The headline on the terminal

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Speaker 1: Ukraine aide delayed after GOP Senator Hall objects to vote.

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Speaker 1: That would be Rand Paul who refused to allow the

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Speaker 1: vote on forty billion dollars in aid for Ukraine unless

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Speaker 1: language he demanded was added. And so we wait, we'll

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Speaker 1: talk about that language coming up with Bloomberg Government's Jack Fitzpatrick.

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Speaker 1: The President's waiting to sign this. So this was supposed

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Speaker 1: to be pretty easy, right to Democrats stripped the COVID money,

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Speaker 1: the COVID aid from the Ukraine bill, the Ukraine aid

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Speaker 1: that was supposed to sail through with bipartisan support. The

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Speaker 1: President asked for the money thirty three billion dollars a

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Speaker 1: couple of weeks ago. Democratic leadership kicked it up to forty.

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Speaker 1: Even Mitch McConnell was on board. After the House passed it,

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Speaker 1: we thought the Senate would do so today. Your crime

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Speaker 1: is not asking anybody else to do their fighting for them.

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Speaker 1: They ask only for the resources they need to defend

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Speaker 1: themselves against this lawless aggression. I strongly support the next

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Speaker 1: package of LEASA military assistance, which the House has passed

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Speaker 1: with an overwhelming bipartisan majority. Mitch McConnell on the floor

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Speaker 1: this morning, thought, my goodness, it's a matter of just

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Speaker 1: to tell me what time is the vote, and we'll

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Speaker 1: let you know the outcome. Enter Rand Paul. If this

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Speaker 1: gift of Ukraine passes are, total aid to Ukraine will

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Speaker 1: almost equal the entire military budget of Russia. And it's

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Speaker 1: not as if we have that money lying around. We

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Speaker 1: will have to borrow that money from China to send

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Speaker 1: it to Ukraine. So there was no vote. That's the

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Speaker 1: special thing about the Senate where I believe it was

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Speaker 1: President Biden said, everyone's president when it's so this will

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Speaker 1: probably take place next week. By the way, the language

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Speaker 1: that he wanted was to give oversight powers to the

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Speaker 1: Special Inspector General for Afghanistan reconstruction, special oversight powers for

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Speaker 1: the Ukraine assistance. They want to know where the money

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Speaker 1: is going. And Jack Fitzpatrick has been following this, of

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Speaker 1: course with Bloomberg government and of course Bloomberg sound on, uh, Jack,

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Speaker 1: I don't know if you saw this coming, but I

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Speaker 1: guess Ukraine is gonna have to wait. How long does

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Speaker 1: this slow things down for? It's gonna put it into

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Speaker 1: next week at some point. Exactly how long it will

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Speaker 1: take really depends on how many steps Senator Paul tries

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Speaker 1: to disrupt. If he really went for a full filibuster

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Speaker 1: of this, you know, it could take a week or so.

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Speaker 1: We haven't gotten an indication that that's what he's gonna do.

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Speaker 1: But Senator Schumer has just filed for cloture this afternoon

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Speaker 1: to go through the usual procedural steps. So it's not

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Speaker 1: happening today. The senators essentially all seemed to have left

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Speaker 1: for the weekend. Uh, and it's on next week's docket,

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Speaker 1: and there's bipartisan support. It is just something that they

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Speaker 1: couldn't get done in a single day. Well, it will

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Speaker 1: ran Paul get that language, or it's just a matter

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Speaker 1: of taking another swing at this and having a few

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Speaker 1: meetings with the other senator from Kentucky. It sounds like

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Speaker 1: he's not likely to get his exact language. They actually

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Speaker 1: offered him an amendment vote at a sixty vote threshold.

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Speaker 1: He did not accept to that offer. He wanted the

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Speaker 1: unanimous consent agreement to consider his amendment adopted. Given that

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Speaker 1: that he didn't accept the sixty vote offer, it seems

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Speaker 1: that he doesn't have sixty votes in favor, but there

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Speaker 1: is some interest in getting at this and and trying

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Speaker 1: to give some special oversight powers to someone, whether it's

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Speaker 1: the Afghan Afghanistan Reconstruction Special Inspector General or some other solution.

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Speaker 1: Because this is a really huge amount of money. I mean,

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Speaker 1: Ukraine's defense budget in a normal year tends to be

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Speaker 1: somewhere around six billion or so. Uh, this is a

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Speaker 1: forty billion dollar bill. So there are other members, you know.

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Speaker 1: John Kennedy, the Republican from Louisiana, said he can work

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Speaker 1: on a standalone bill. Maybe it's not attached to this,

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Speaker 1: but there could be future legislation trying to ramp up

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Speaker 1: oversight of this money. I think that's that's an actual

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Speaker 1: substantive issue rather than just a procedure. Well, this so

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Speaker 1: this I wonder how much of a conversation this will

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Speaker 1: become as as Senator Paul points out, Ukraine will have

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Speaker 1: received about sixty billion dollars from the US since last

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Speaker 1: year that exceeds the budget for the State Department and

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Speaker 1: could in fact start contributing to inflation. Is that a

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Speaker 1: and Paul liners that become a Republican line later in

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Speaker 1: the year. The inflation line on this is more of

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Speaker 1: a Rampaul line. Obviously, Republicans are campaigning on the issue

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Speaker 1: of inflation and Democrats feel the need to risk respond

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Speaker 1: to that. If you're talking tens of billions of dollars

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Speaker 1: in foreign aid, that pales in comparison to the larger

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Speaker 1: stimulus issues that we've seen. But it gets at the

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Speaker 1: question of you know, Ukraine's GDP in recent years has

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00:23:29,640 --> 00:23:32,199
Speaker 1: been like a hundred sixty billion. We're talking about a

429
00:23:32,280 --> 00:23:38,719
Speaker 1: very significant infusion of resources into a politically unstable area. Obviously,

430
00:23:38,760 --> 00:23:41,840
Speaker 1: a lot of support for President Zelinsky, but you when

431
00:23:41,920 --> 00:23:43,920
Speaker 1: when the US does this kind of thing, they want

432
00:23:43,960 --> 00:23:47,000
Speaker 1: to make sure there's their anti corruption measures, they're tracking

433
00:23:47,040 --> 00:23:50,320
Speaker 1: the money, and so that will be a broader discussion

434
00:23:50,359 --> 00:23:52,520
Speaker 1: that is not going away. That's not just a Ran

435
00:23:52,640 --> 00:23:56,439
Speaker 1: Paul issue. That's a real issue. This just tripped it

436
00:23:56,520 --> 00:23:59,520
Speaker 1: up because Paul was demanding we need to adopt this

437
00:23:59,720 --> 00:24:01,639
Speaker 1: on this bill right now or we're not going to

438
00:24:01,720 --> 00:24:04,520
Speaker 1: have a vote. But I would expect lawmakers to continue

439
00:24:04,560 --> 00:24:08,320
Speaker 1: having that conversation about how do they really thoroughly track

440
00:24:08,400 --> 00:24:11,679
Speaker 1: the money? Jack. It was an important development when the

441
00:24:11,720 --> 00:24:14,919
Speaker 1: President and Democratic leadership agreed to drop this uh this

442
00:24:15,000 --> 00:24:17,720
Speaker 1: attachment of COVID response funding. There was going to be

443
00:24:17,760 --> 00:24:20,960
Speaker 1: another ten billion dollars for testing and for treatments, as

444
00:24:20,960 --> 00:24:24,200
Speaker 1: we discussed. The President issued a statement on this saying

445
00:24:24,240 --> 00:24:27,679
Speaker 1: he realizes that this is gonna bog things down. What

446
00:24:27,840 --> 00:24:31,199
Speaker 1: happens to that COVID money though I know that Speaker

447
00:24:31,200 --> 00:24:33,960
Speaker 1: Pelosi was talking about it today, doesn't even like the

448
00:24:33,960 --> 00:24:37,200
Speaker 1: sounds of the deal for ten billion. With Mitt Romney,

449
00:24:37,240 --> 00:24:39,280
Speaker 1: she says, they want the full twenty two that the

450
00:24:39,280 --> 00:24:44,480
Speaker 1: President asked for. Is that even possible? Uh, it's getting

451
00:24:44,520 --> 00:24:47,240
Speaker 1: more and more difficult to see what the path is

452
00:24:47,560 --> 00:24:50,960
Speaker 1: going forward for COVID AID. The knees are increasing, but

453
00:24:51,040 --> 00:24:54,359
Speaker 1: it's just getting more complicated for them to negotiate this. Uh,

454
00:24:54,520 --> 00:24:56,680
Speaker 1: you're right to mention. Yeah, it was a twenty two

455
00:24:56,680 --> 00:24:59,879
Speaker 1: and a half billion dollar request for domestic and in

456
00:25:00,040 --> 00:25:03,840
Speaker 1: ter national needs. They initially had a deal for ten

457
00:25:03,880 --> 00:25:07,280
Speaker 1: billion just focused on domestic needs. Then that Title forty

458
00:25:07,280 --> 00:25:11,360
Speaker 1: two immigration issue and Biden's decision to end that policy

459
00:25:11,480 --> 00:25:15,159
Speaker 1: trip that up. As that has stalled just the domestic portion.

460
00:25:15,480 --> 00:25:18,760
Speaker 1: There is a recognition that the international stuff needs to

461
00:25:18,760 --> 00:25:21,919
Speaker 1: be addressed. If you talk to Republican lawmakers like Lindsey

462
00:25:21,920 --> 00:25:24,560
Speaker 1: Graham or Roy Blunt. They say, yes, we do need

463
00:25:24,600 --> 00:25:27,399
Speaker 1: to add more. But obviously the question of how do

464
00:25:27,440 --> 00:25:30,440
Speaker 1: you upset that, how do you address the immigration issues,

465
00:25:30,720 --> 00:25:33,080
Speaker 1: that's very, very complicated. I point out the U. S

466
00:25:33,160 --> 00:25:36,320
Speaker 1: a i v. Administrator just cold lawmakers yesterday they're going

467
00:25:36,320 --> 00:25:38,080
Speaker 1: to run out of money as soon as July thirty

468
00:25:38,080 --> 00:25:42,520
Speaker 1: four on vaccinations globally. Alright, Jack, when they're playing us out.

469
00:25:42,600 --> 00:25:46,240
Speaker 1: Jack Fitzpatrick, Bloomberg, Government Congress reporter. Thanks for the insights.

470
00:25:46,760 --> 00:25:48,600
Speaker 1: I guess we checked back next week. You know, if

471
00:25:48,640 --> 00:25:50,440
Speaker 1: it happens, we'll hear about it on sound on. We'll

472
00:25:50,440 --> 00:25:53,480
Speaker 1: talk to Jack, then we reassemble the panel next. This

473
00:25:54,040 --> 00:25:58,360
Speaker 1: is Bloomberg. You're listening to Bloomberg you sound on with

474
00:25:58,440 --> 00:26:05,560
Speaker 1: Joe Mathew on Boomberg Radio Ukraine. Will wait, and apparently

475
00:26:05,600 --> 00:26:08,080
Speaker 1: so will the leadership in the Senate. Wait for Rand

476
00:26:08,160 --> 00:26:11,560
Speaker 1: Paul and get around this. They'll send them legislation, likely

477
00:26:11,640 --> 00:26:14,800
Speaker 1: to President Biden's desk next week. As we discussed with

478
00:26:14,880 --> 00:26:17,080
Speaker 1: Jack Fitzpatrick, we want to talk about this with the panel.

479
00:26:17,119 --> 00:26:19,320
Speaker 1: Also want to talk about the COVID summit happening today

480
00:26:19,359 --> 00:26:22,800
Speaker 1: at the White House and a very scary and sad

481
00:26:22,800 --> 00:26:26,119
Speaker 1: milestone that we're talking about today with a million deaths

482
00:26:26,160 --> 00:26:30,280
Speaker 1: in the United States. Gini Schanzano is here Bloomberg Politics contributor,

483
00:26:30,320 --> 00:26:33,280
Speaker 1: Democratic analyst today spending time with Lester Monthson's back with

484
00:26:33,359 --> 00:26:36,240
Speaker 1: us on Sound on Principle at government relations firm b

485
00:26:36,520 --> 00:26:39,919
Speaker 1: g R Group. So let me have it, Lester, what

486
00:26:39,960 --> 00:26:42,879
Speaker 1: would you tell Rand Paul if you were on the

487
00:26:42,880 --> 00:26:47,280
Speaker 1: Senate Floriday hearing all this happened. I would tell Senator

488
00:26:47,359 --> 00:26:51,040
Speaker 1: Paul that, hey, you know, we have Inspector's General at

489
00:26:51,080 --> 00:26:53,880
Speaker 1: the Defense Department, at the State Department, at the US

490
00:26:53,920 --> 00:26:57,639
Speaker 1: Agency for International Development. It is their job to track

491
00:26:57,840 --> 00:27:02,640
Speaker 1: exactly this kind of spending. Uh So, this this little

492
00:27:02,680 --> 00:27:05,520
Speaker 1: show that we're doing where he wants to focus on

493
00:27:06,040 --> 00:27:10,400
Speaker 1: the special Inspector General I believe from Afghanistan as as

494
00:27:10,440 --> 00:27:13,080
Speaker 1: the vehicle here is a little bit of a distraction.

495
00:27:13,680 --> 00:27:17,520
Speaker 1: Rand Paul is gonna Rand Paul, everyone knows this. He's

496
00:27:17,560 --> 00:27:20,040
Speaker 1: got his little moment here. It's going to delay things

497
00:27:20,040 --> 00:27:23,439
Speaker 1: by a few days. I guess there is a lesson

498
00:27:23,480 --> 00:27:27,520
Speaker 1: here for congressional leadership. They could have anticipated this and

499
00:27:27,560 --> 00:27:30,360
Speaker 1: built something into the bill earlier. Doesn't mean he wouldn't

500
00:27:30,359 --> 00:27:33,760
Speaker 1: have done a little show piece on some other aspect

501
00:27:33,800 --> 00:27:37,119
Speaker 1: of the issue. But you know, I have I have

502
00:27:37,200 --> 00:27:39,640
Speaker 1: a feeling in the end, Uh, we're going to get

503
00:27:39,680 --> 00:27:41,639
Speaker 1: what we need. It's going to be delayed by a

504
00:27:41,680 --> 00:27:43,720
Speaker 1: couple of days. I'm not sure that's real material, but

505
00:27:43,760 --> 00:27:45,680
Speaker 1: it's it's a nice little show for Rand Paul. It

506
00:27:45,760 --> 00:27:47,840
Speaker 1: is an odd time to bring this up, Genie Democrats out.

507
00:27:47,840 --> 00:27:50,280
Speaker 1: They've cleared the decks by stripping the COVID funding and

508
00:27:50,560 --> 00:27:53,520
Speaker 1: now this, Yeah, you never cleared the decks when you're

509
00:27:53,520 --> 00:27:57,000
Speaker 1: talking about the Senate these days. And you know, and

510
00:27:57,160 --> 00:27:59,680
Speaker 1: and and Rand Paul, when when Jack was talking he

511
00:27:59,760 --> 00:28:02,679
Speaker 1: might potentially do a filibuster. You know I am. I

512
00:28:02,720 --> 00:28:05,600
Speaker 1: am a fan of the old talking filibuster. We remember

513
00:28:05,680 --> 00:28:08,920
Speaker 1: his on the drones. I want to bring it back.

514
00:28:09,040 --> 00:28:11,119
Speaker 1: I want him out there. If he's going to do it,

515
00:28:11,160 --> 00:28:14,080
Speaker 1: I think he should really do a talking filibuster. Um.

516
00:28:14,160 --> 00:28:17,760
Speaker 1: You know Till Lester's point, the idea that there isn't

517
00:28:17,880 --> 00:28:22,520
Speaker 1: oversight already with forty billion dollars going out the door. Um,

518
00:28:22,560 --> 00:28:24,919
Speaker 1: this is something that you know, when the American public

519
00:28:24,920 --> 00:28:27,080
Speaker 1: hears about this, they'd be scratching their heads. You know,

520
00:28:27,119 --> 00:28:28,879
Speaker 1: where is this money going there's no overse and of

521
00:28:28,920 --> 00:28:31,840
Speaker 1: course there's oversight. So this is a tactic. But this

522
00:28:31,920 --> 00:28:34,080
Speaker 1: is a tactic that has worked for Paul in the past.

523
00:28:34,440 --> 00:28:37,359
Speaker 1: He's not as sort of non interventionist as his father,

524
00:28:37,720 --> 00:28:40,320
Speaker 1: but this is something he is committed to and it's

525
00:28:40,320 --> 00:28:43,480
Speaker 1: helped increase his name recognition his last go at. This

526
00:28:43,600 --> 00:28:46,360
Speaker 1: was why he ended up running for president in so

527
00:28:46,400 --> 00:28:48,560
Speaker 1: it's something that will work for him personally. Well, there's

528
00:28:48,560 --> 00:28:51,120
Speaker 1: two different issues here, Lester. There's the there's the oversight,

529
00:28:51,160 --> 00:28:53,840
Speaker 1: which you've spoken to. There's also as he's bringing up

530
00:28:53,880 --> 00:28:57,000
Speaker 1: the matter of inflation. If you if you drop sixty

531
00:28:57,040 --> 00:29:02,640
Speaker 1: billion on Ukraine and Republicans are helping to pass this legislation, Uh,

532
00:29:02,920 --> 00:29:05,320
Speaker 1: is that in fact the driver of inflation? When when

533
00:29:05,320 --> 00:29:07,400
Speaker 1: we're talking about the trillions that have been spent to

534
00:29:07,400 --> 00:29:11,160
Speaker 1: get us out of COVID, well we've already got inflation.

535
00:29:11,800 --> 00:29:14,120
Speaker 1: Well yeah, Does that make it worse though? Or is

536
00:29:14,160 --> 00:29:17,560
Speaker 1: that just a joke after spending the trillions that Republicans

537
00:29:17,600 --> 00:29:21,120
Speaker 1: are blaming the Biden administration, you know, for pouring kerosene

538
00:29:21,160 --> 00:29:25,040
Speaker 1: on the fire. I suppose, I think generally, no, I

539
00:29:25,080 --> 00:29:27,480
Speaker 1: suppose if you were in the market to buy a howitzer,

540
00:29:27,960 --> 00:29:31,040
Speaker 1: you would notice that prices may have bumped bumped up

541
00:29:31,040 --> 00:29:33,560
Speaker 1: a little bit because there's a war on and and

542
00:29:33,760 --> 00:29:38,480
Speaker 1: we're buying howitzer's for for Ukraine. If you're buying armed drones,

543
00:29:38,560 --> 00:29:41,320
Speaker 1: maybe the prices will go up a little bit. But

544
00:29:41,440 --> 00:29:43,920
Speaker 1: I think that's really not a very good argument on

545
00:29:44,120 --> 00:29:48,400
Speaker 1: the Ukraine package overall wouldn't have flown, uh, I think

546
00:29:48,400 --> 00:29:50,400
Speaker 1: in World War Two. I mean, we're talking about len

547
00:29:50,480 --> 00:29:53,320
Speaker 1: Lease two days ago here, Genie. This is a very

548
00:29:53,320 --> 00:29:56,760
Speaker 1: different feeling conversation. It is, And you know, I think

549
00:29:56,800 --> 00:30:00,480
Speaker 1: if Rand Paul is opposed to the funding, he should

550
00:30:00,520 --> 00:30:03,360
Speaker 1: be very clear on that and let others who are

551
00:30:03,440 --> 00:30:05,520
Speaker 1: as well step up. But the reality is there is

552
00:30:05,560 --> 00:30:08,960
Speaker 1: a super majority that supports this for all the reasons

553
00:30:09,000 --> 00:30:12,040
Speaker 1: that we've talked about, and so let it get out

554
00:30:12,080 --> 00:30:14,600
Speaker 1: the door. At this point, he's free to vote against it,

555
00:30:14,640 --> 00:30:16,720
Speaker 1: but to sort of hide, which I think is what

556
00:30:16,800 --> 00:30:19,640
Speaker 1: this is under this idea that it's going to increase

557
00:30:19,680 --> 00:30:23,680
Speaker 1: inflation doesn't seem to be an honest response. If he's

558
00:30:23,680 --> 00:30:26,440
Speaker 1: opposed to the funding, he should stand up and say it. Yeah,

559
00:30:26,480 --> 00:30:28,360
Speaker 1: so you guys both agree on that. How does this

560
00:30:28,560 --> 00:30:31,200
Speaker 1: end Lester just put with a no vote from Rampaul.

561
00:30:33,440 --> 00:30:35,280
Speaker 1: I expect so he may even let it go on

562
00:30:35,320 --> 00:30:37,560
Speaker 1: a voice vote next week. He's had his moment in

563
00:30:37,560 --> 00:30:41,600
Speaker 1: the sun. This is this is not a serious legislative proposal. Uh.

564
00:30:41,600 --> 00:30:44,120
Speaker 1: He wanted he wanted to get some perform You want

565
00:30:44,120 --> 00:30:46,040
Speaker 1: to get a little performance out there. He's done that.

566
00:30:46,440 --> 00:30:49,120
Speaker 1: I suspect this will this will be pretty flicked next

567
00:30:49,160 --> 00:30:51,880
Speaker 1: week and there should be no further bums. Well, I

568
00:30:51,920 --> 00:30:54,920
Speaker 1: mentioned COVID eight a couple of times. We talked about

569
00:30:54,920 --> 00:30:56,800
Speaker 1: this just for a moment with Jack there. There was

570
00:30:56,840 --> 00:30:59,640
Speaker 1: supposed to be originally, well, the request from the White

571
00:30:59,640 --> 00:31:02,120
Speaker 1: House was twenty two billion dollars that got whittled down

572
00:31:02,120 --> 00:31:04,760
Speaker 1: to ten in a deal with Mitt Romney, and then

573
00:31:04,800 --> 00:31:07,280
Speaker 1: the whole thing had to be excised because it just

574
00:31:07,320 --> 00:31:10,560
Speaker 1: wouldn't have gotten enough votes enough Republicans to make this happen.

575
00:31:11,040 --> 00:31:14,520
Speaker 1: As as the Democrats were attaching this to the Ukraine

576
00:31:14,600 --> 00:31:19,000
Speaker 1: aid bill. Uh, it's unclear where we're going here. Nancy

577
00:31:19,040 --> 00:31:21,280
Speaker 1: Pelosi was asked about it today. Here's what she said.

578
00:31:21,400 --> 00:31:27,560
Speaker 1: Since the ten billion was discussed, the threat has increased,

579
00:31:27,640 --> 00:31:29,960
Speaker 1: as some of the Republican senators said, well, if it

580
00:31:30,040 --> 00:31:34,520
Speaker 1: the threat increases, then let's talk about it further. So

581
00:31:34,600 --> 00:31:36,600
Speaker 1: I think that we should start with what we need.

582
00:31:37,040 --> 00:31:39,200
Speaker 1: And by the way, that didn't mean it was the

583
00:31:39,360 --> 00:31:41,400
Speaker 1: end of it. It just depends on the variance and

584
00:31:41,440 --> 00:31:43,720
Speaker 1: what else happens. So she doesn't even want this ten

585
00:31:44,400 --> 00:31:47,760
Speaker 1: billion dollar deal, Genie, she wants the full twenty two.

586
00:31:48,600 --> 00:31:51,560
Speaker 1: And that just doesn't feel like a realistic conversation right now,

587
00:31:51,600 --> 00:31:56,920
Speaker 1: doesn't It doesn't, And you know, they are the frustration

588
00:31:57,080 --> 00:31:59,600
Speaker 1: I think of watching the Democrats at a certain point

589
00:31:59,600 --> 00:32:02,440
Speaker 1: over the several months is this. You know, we will

590
00:32:02,520 --> 00:32:05,720
Speaker 1: only go for everything, and we won't settle for half

591
00:32:05,720 --> 00:32:09,440
Speaker 1: a loaf. We need the funding for COVID, that is clear,

592
00:32:09,800 --> 00:32:13,040
Speaker 1: and take the ten twelve if you can up it.

593
00:32:13,400 --> 00:32:15,960
Speaker 1: But to fight for all or nothing puts us in

594
00:32:16,000 --> 00:32:19,800
Speaker 1: a position as we look at increasing numbers they're threatening.

595
00:32:19,800 --> 00:32:21,920
Speaker 1: In the fall, we could see a big increase and

596
00:32:22,040 --> 00:32:24,560
Speaker 1: leaves the government without an ability to fight back, and

597
00:32:24,600 --> 00:32:27,000
Speaker 1: that doesn't help anybody. Well, I mean, even the ten

598
00:32:27,040 --> 00:32:30,080
Speaker 1: billion would be difficult to pass from what we're hearing Lester.

599
00:32:30,200 --> 00:32:33,240
Speaker 1: And this comes on a pretty important day, the Biden

600
00:32:33,240 --> 00:32:37,960
Speaker 1: administration opening its second summit. It's COVID summit aimed at

601
00:32:38,000 --> 00:32:41,240
Speaker 1: bringing this to an end at some point, as COVID

602
00:32:41,320 --> 00:32:44,440
Speaker 1: deaths in the United States hit a new milestone. Here's

603
00:32:44,440 --> 00:32:47,960
Speaker 1: the president from earlier today, we mark a tragic milestone

604
00:32:48,000 --> 00:32:52,520
Speaker 1: here in the United States. One million COVID deaths. I

605
00:32:52,560 --> 00:32:54,600
Speaker 1: mean we knew, I guess this was going to happen, Lester,

606
00:32:54,680 --> 00:32:57,880
Speaker 1: but just to see to read and hear that number.

607
00:32:57,960 --> 00:33:01,960
Speaker 1: One million. By the way, the e you two million,

608
00:33:03,160 --> 00:33:05,600
Speaker 1: and you can't get enough votes for ten billion dollars

609
00:33:05,640 --> 00:33:08,920
Speaker 1: to keep the testing and the therapeutics going, if not

610
00:33:09,040 --> 00:33:13,600
Speaker 1: now when well it's a it is certainly a notable number.

611
00:33:13,960 --> 00:33:17,240
Speaker 1: Uh and and it has been a long, long two

612
00:33:17,320 --> 00:33:21,200
Speaker 1: years plus that we've been living with COVID. I think

613
00:33:21,400 --> 00:33:24,520
Speaker 1: you pair that up with the fact that most Americans

614
00:33:24,560 --> 00:33:27,040
Speaker 1: don't really feel like COVID is the threat that it

615
00:33:27,120 --> 00:33:30,680
Speaker 1: used to be. Plus the fact that we spent a

616
00:33:30,760 --> 00:33:32,880
Speaker 1: lot of money on COVID before, some of which is

617
00:33:32,880 --> 00:33:35,480
Speaker 1: still around. Republicans are not wrong to make the point

618
00:33:35,920 --> 00:33:38,080
Speaker 1: that we can redirect some of that spending that hasn't

619
00:33:38,120 --> 00:33:40,800
Speaker 1: gone out already. I do I do want to make

620
00:33:40,840 --> 00:33:44,560
Speaker 1: one quick point here, Joe good for the Democrats, for

621
00:33:44,760 --> 00:33:48,520
Speaker 1: not tying that that kind of benighted COVID money to

622
00:33:48,640 --> 00:33:51,200
Speaker 1: the Ukraineviille, that was a good move on their part.

623
00:33:51,840 --> 00:33:54,120
Speaker 1: They knew that was the bipartisan package. They let that

624
00:33:54,160 --> 00:33:56,200
Speaker 1: go through that way. It's going to get a little

625
00:33:56,200 --> 00:33:58,360
Speaker 1: confused here on on the COVID package. I don't think

626
00:33:58,400 --> 00:34:00,640
Speaker 1: it's going anywhere. We all knew that is true. And

627
00:34:00,800 --> 00:34:03,320
Speaker 1: good for the Democrats for separating the Ukraine money from that.

628
00:34:03,400 --> 00:34:05,800
Speaker 1: I think that was a smart vote. You agree with that, Genie,

629
00:34:05,800 --> 00:34:09,160
Speaker 1: because it could mean it's never going to happen. I

630
00:34:09,200 --> 00:34:11,600
Speaker 1: think it was important to get the Ukraine money well,

631
00:34:11,640 --> 00:34:13,839
Speaker 1: hopefully get it out next week. And I do think

632
00:34:13,880 --> 00:34:16,200
Speaker 1: it's important to go clean on that this also has

633
00:34:16,239 --> 00:34:19,759
Speaker 1: to pass. And as we listen to this milestone, I

634
00:34:19,800 --> 00:34:22,200
Speaker 1: think we can all remember when they were saying, you know,

635
00:34:22,239 --> 00:34:24,840
Speaker 1: a hundred thousand deaths or two hundred thousands of people

636
00:34:24,840 --> 00:34:27,759
Speaker 1: were stunned by those to imagine we are sitting here

637
00:34:27,800 --> 00:34:31,239
Speaker 1: today with one million in the United States alone, and

638
00:34:31,640 --> 00:34:35,200
Speaker 1: it is a stunning number. And the idea that if

639
00:34:35,239 --> 00:34:37,840
Speaker 1: we don't get at least ten out and that we

640
00:34:37,920 --> 00:34:40,600
Speaker 1: haven't learned the lesson that we need to prepare to

641
00:34:40,800 --> 00:34:44,200
Speaker 1: combat something like this. That is also says a lot

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Speaker 1: about Congress. I agree people want this behind them, but

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Speaker 1: the reality is it's not going to be, and it

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00:34:49,960 --> 00:34:53,880
Speaker 1: isn't unless we have the resources to fight it, and

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00:34:53,960 --> 00:34:56,719
Speaker 1: that requires money, and that requires funding from Congress. Well

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00:34:56,719 --> 00:34:58,839
Speaker 1: just wait for the next variant, Lester. You can see

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00:34:58,880 --> 00:35:02,400
Speaker 1: this already. It happened with oh Macron coming out of Delta.

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Speaker 1: Remember the White House got crushed because people couldn't get

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Speaker 1: their hands on tests. We're gonna do this all over again. Well,

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Speaker 1: I still think there's funds available to do this. I

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Speaker 1: think there's a lot of politics inside the Democratic Party

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Speaker 1: on money that's been given to the States that they

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00:35:16,600 --> 00:35:18,719
Speaker 1: don't want to claw back. I think that's a real thing.

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Speaker 1: And let me make the other point that the real

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Speaker 1: need here is global. We we don't have vaccines for

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Speaker 1: other countries, particularly the developing world. That is a real

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Speaker 1: urgent need. I'd much rather see that be the priority

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Speaker 1: right now. Worth noting, by the way, the summit, the

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00:35:33,640 --> 00:35:36,360
Speaker 1: COVID summit I mentioned, garnered a total of three billion

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00:35:36,400 --> 00:35:40,080
Speaker 1: dollars in new pledges with the world at a major

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00:35:40,120 --> 00:35:42,840
Speaker 1: crossroads here, and it's COVID response and We're always watching

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00:35:42,880 --> 00:35:46,040
Speaker 1: to see what is going on in China. Genie and

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Speaker 1: Lester many thanks, great panel today, great conversation here on

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Speaker 1: sound On, where we throw some of the best minds

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Speaker 1: in politics together and just air it out here on

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Speaker 1: the Fastest Hour in Politics. Before we wrap it up here,

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Speaker 1: I want to turn to what happened a couple of

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Speaker 1: days ago at the Washington National Cathedral. Today is the

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Speaker 1: day with one million, but they held a special prayer

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00:36:07,000 --> 00:36:11,480
Speaker 1: service on the ninth, sounding the funeral bell one thousand

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00:36:11,640 --> 00:36:17,440
Speaker 1: times to mark one million dead. It was followed by

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Speaker 1: one additional toll as a reminder of the ongoing dangers

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00:36:21,760 --> 00:36:25,319
Speaker 1: presented by the virus. According to a news release from

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00:36:25,320 --> 00:36:27,719
Speaker 1: the cathedral, this is what it sounded like on Wisconsin

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00:36:27,760 --> 00:36:35,320
Speaker 1: Avenue since the pandemic began. The Cathedral of scheduled a

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Speaker 1: bell tolling every time another one hundred thousand Americans have

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Speaker 1: died after contracting the virus one million today. I'll meet

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Speaker 1: you back here tomorrow on the Fastest Hour in Politics.

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Speaker 1: Sound On. I'm Joe Matthew. This is Bloomberg