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Speaker 1: Now from our nation's capital. This is Bloomberg Sound on

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Speaker 1: Our factions are lucky to wipe out the last fifteen

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Speaker 1: years of Prussia's economic games. The rest of the world

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Speaker 1: are going to need to come to the table with

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Speaker 1: resources to rebuild new Crast Bloomberg Sound on Politics, Policy

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Speaker 1: and perspective from DC's top name. We're going to have

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Speaker 1: these continued new bariants. It's important to continue to vaccinate

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Speaker 1: the world as new berriants can come in those other places.

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Speaker 1: See the shoes like opioid, mental health, during cancer, helping

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Speaker 1: our veterans. Democrats and Republicans have a lot of common

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Speaker 1: ground on those issues. Floomberg Sound On with Joe Matthew

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Speaker 1: on Bloomberg Radio. Some days d C is stuck in gridlock,

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Speaker 1: and some days Congress passes a ban on Russian oil,

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Speaker 1: ends normal trade relations with Russia, and confirms the first

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Speaker 1: black justice on the Supreme Court, all in the span

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Speaker 1: of a few hours. We've got a lot to do today,

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Speaker 1: and to break it down, we're gonna be talking king

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Speaker 1: later with Congressman Ralph Norman, Republican from South Carolina, and

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Speaker 1: hey Gar Tomali Uh, the the former Centator uh Senior

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Speaker 1: Policy Advisor in the Treasury Sanctioned Division Division on the

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Speaker 1: latest in Russia Ukraine, and of course, talk a little

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Speaker 1: bit more about Justice Khatanji Brown Jackson, the first black

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Speaker 1: woman who was going to be on the Supreme Court.

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Speaker 1: She cleared that Senate nomination. Today. I'm Emily Wilkins here

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Speaker 1: with my co host Jack Fitzpatrick. Well, now we are

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Speaker 1: excited to welcome to the show Congressman Ralph Norman. He's

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Speaker 1: a Republican from South Carolina. Congressman, thank you so much

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Speaker 1: for taking the time to join us today. I'm going

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Speaker 1: to get started right off with talking a little bit

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Speaker 1: about immigration. Because you are a member of the Homeland

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Speaker 1: Security Committee, you've got that focus on the southern border.

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Speaker 1: Big news this week, of course, was President Biden's decision

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Speaker 1: to make it easier UH to lift sorry brother, lift

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Speaker 1: COVID NINETEAM restrictions at the southern border. This is known

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Speaker 1: as time of forty two and made it easier to

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Speaker 1: turn away many immigrants during the pandemic. And Congressmen, I

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Speaker 1: know a lot of Republicans have really criticized Biden's plan

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Speaker 1: to do this. Now, but I'm wondering as we're seeing

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Speaker 1: COVID restrictions being lifted across the country. When would be

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Speaker 1: the right time to do something on Title forty two

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Speaker 1: and these COVID nineteen restrictions at the southern border. Yeah,

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Speaker 1: I'm glad to be with you, Emily. Well, first of all,

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Speaker 1: you know, the Title forty two was put in place

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Speaker 1: back in March of two thousand twenty. It expires on

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Speaker 1: May of this year. Um, you know, under President Trump,

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Speaker 1: it was put in so you could one have a

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Speaker 1: way of getting to have a statute that gave reason

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Speaker 1: to take the illegal crossings and put them back in Mexico. Uh. Now,

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Speaker 1: when you take off all of the restrictions, which Title

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Speaker 1: forty two is a huge was a huge detriment. You know,

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Speaker 1: had gave some teeth into us trying to know who

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Speaker 1: was coming across the border. And by doing this, Um,

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Speaker 1: they're estimating anywhere from fifteen thousand per day to eighteen

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Speaker 1: thousand per day. And you know when you do the math, Uh,

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Speaker 1: if it's fifteen thousand a day, is four and fifty

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Speaker 1: thousand a month or five million, four hundred uh in

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Speaker 1: twelve months if it keeps at that pace. Uh, South

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Speaker 1: Carolina our population is five point to So what you're

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Speaker 1: talking about is potentially having does the UH the population

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Speaker 1: of our state going all over the country. And it's

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Speaker 1: not the fact of COVID on the relase, you know,

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Speaker 1: being on the on the UH downside, the fact that

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Speaker 1: is with with illegal immigration, you don't know who's coming

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Speaker 1: in here, and the terrorists, the UH, the drugs. It's

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Speaker 1: just a it's insane what this administration has letting happen

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Speaker 1: to this country. So it's congressman, if I could follow

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Speaker 1: up on that if those numbers bear out, or anything

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Speaker 1: remotely close to those numbers bear out, and there really

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Speaker 1: is a surge of people coming to the border, and

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Speaker 1: Title forty two is allowed to expire, and I know

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Speaker 1: Republicans are trying to stop that, and that's part of

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Speaker 1: this COVID hold up and everything. But if if this

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Speaker 1: does expire, what is Congress's next mover they're more resources

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Speaker 1: needed at the border, what would your response be and

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Speaker 1: what's the right policy follow up if we do see

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Speaker 1: a major influx of people to the arriving at the U. S. Border. Well,

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Speaker 1: first of all, that you know, we gotta Yvette Harold's

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Speaker 1: gotta discharge petition up, and I think we're over. We

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Speaker 1: need to eighteen, where probably seven short we have zero

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Speaker 1: Democrats on it, or maybe ten short we get to eighteen.

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Speaker 1: For your listeners, that the discharge petition just allows Congress

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Speaker 1: to take an up or down vote if you want

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Speaker 1: to keep it in place or if you do not

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Speaker 1: want to keep it in place. So if that fails, uh,

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Speaker 1: I think you will have states like Texas started doing it. Uh,

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Speaker 1: you know, calling in the National Guard on their own

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Speaker 1: and take just taking a chance. Because this is an invasion.

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Speaker 1: There's no other word to describe it other than an invasion.

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Speaker 1: And so I think you'll say Texas, uh leading the

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Speaker 1: way on this. Abbot has kind of suggested that, but

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Speaker 1: whether it will actually happen. But the only way to

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Speaker 1: get a handle and have orderly legal immigration just get

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Speaker 1: the wall, build have points of entry, and keep Title

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Speaker 1: forty two in place. I mean, if you if you

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Speaker 1: talk to the border patrol agents, it's um, we've got

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Speaker 1: a crisis on our hands, and you know, to try

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Speaker 1: to get any type of type of explanation is it's

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Speaker 1: just not there yet. That The only conclusion I've come

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Speaker 1: to is power. It's keeping power. They think the votes

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Speaker 1: are coming. I do want to ask also because we

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Speaker 1: are beginning to see a lot of Ukrainian and eventually

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Speaker 1: Russian refugees who are going to be coming to the

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Speaker 1: southern border seeking to get into the US. I mean,

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Speaker 1: what does Congress need to do to make sure that

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Speaker 1: those with a valid claim for asylum are able to

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Speaker 1: come into the safety of the US. With only way

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Speaker 1: to do it, Emily is to again have a designated

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Speaker 1: point of entry and vet these people. And we had

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Speaker 1: a uh, we had a We were on the floor

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Speaker 1: last night at at nine thirty just telling why this

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Speaker 1: is so dangerous for this country and the only way

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Speaker 1: to do it is to have designated points of entry

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Speaker 1: test them to see what type disease they've got. And

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Speaker 1: it's not just COVID, You've got t P, You've got uh,

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Speaker 1: you just don't know. And to have them distributed it

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Speaker 1: all over this nation. Uh. If COVID was that much

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Speaker 1: of an issue, why weren't they testing them? You know?

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Speaker 1: Since this administration took office and it was it's bizarre

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Speaker 1: to say the least, on why they did what they did,

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Speaker 1: particularly this numbers of people that are coming in that

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Speaker 1: if you talk to Mark Morgan and others we got

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Speaker 1: anywhere right now where from three to well two to

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Speaker 1: five million illegals in this country being distributed all over

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Speaker 1: to every city and county in Congressman, I know, I know,

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Speaker 1: this is something you can you can talk about it

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Speaker 1: lengths certainly a very comprehensive issue. But you know, part

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Speaker 1: of the reason that Title forty two was so much

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Speaker 1: talked about this week is that it played that role

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Speaker 1: in winding upstalling that ten billion dollars in COVID funding.

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Speaker 1: The White House is saying that this funding is very

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Speaker 1: much needed. In fact, we have a little bit of

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Speaker 1: sound now from White House Press Secretary Jen Sakiat today's

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Speaker 1: press briefing speaking about it. Let's listen to me. Are

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Speaker 1: very concerned about the failure of Congress to continue to

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Speaker 1: fund our COVID response, the fact that we have needed

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Speaker 1: to therefore end our program for the uninsured. We are

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Speaker 1: not going to be able to h make purchases of

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Speaker 1: a broad scope of boosters of of of evashelle to,

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Speaker 1: which is a treatment for immuno compromise or preventative treatment

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Speaker 1: for immuno compromised. Um that when we get to the

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Speaker 1: end of June, our testing capacity will be at risk

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Speaker 1: of collapsing, and as we're looking broadly beyond the White

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Speaker 1: House of how we're planning, that is our greatest, biggest

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Speaker 1: concern at this point in time. You know, Caruson, I

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Speaker 1: just wanted to get your thoughts on that. If you

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Speaker 1: think that this additional funding is needed at this point,

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Speaker 1: is that something you're willing to support. Absolutely not. That's

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Speaker 1: just words, Jasaki. They've never are tested to begin with.

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Speaker 1: I mean they cut border patrol funding. I mean the

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Speaker 1: border patrol cannot keep up with people coming across this boarder. Well,

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Speaker 1: I guess, Congressman, if I can interrupt you for a minute,

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Speaker 1: I guess I'm thinking more about, you know, Americans, about

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Speaker 1: additional vaccines, additional medications and treatments for those already have COVID.

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Speaker 1: It seems like that's where most of this ten billion

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Speaker 1: dollars would be focused. Is that needed to protect American lives?

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Speaker 1: Absolutely not. If they were, I mean you could, you

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Speaker 1: can't if you go to the individual stage now and

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Speaker 1: and try to get a handle on who's where the

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Speaker 1: funds are being distributed, how they're applying to each American

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Speaker 1: in each state, you can't get it because they don't

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Speaker 1: know UM and the fact that uh, there's no offsets

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Speaker 1: for this. If they were even trying to UH to

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Speaker 1: to offset this with UH with the spending that's going on,

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Speaker 1: it's just adding to the inflation number. And it's it's

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Speaker 1: we haven't seen any type of offset cuts whatever you

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Speaker 1: want to call them on anything. It's all we need this,

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Speaker 1: we need that. But her words that we need it

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Speaker 1: for UM. You know, it doesn't apply to the five

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Speaker 1: to five eight million that are coming in here and

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Speaker 1: you we're not You're not hearing from any state that

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Speaker 1: I know of this one requesting more UH dollars for vaccinations.

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Speaker 1: You can get a vaccination. And it's it's almost it's

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Speaker 1: not the pandemic that it will once was a year ago. Congress.

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Speaker 1: I gotta push you a little bit on on one

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Speaker 1: immigration point, just because you know, for years, these immigration

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Speaker 1: issues that are debated in Congress have kind of fallen

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Speaker 1: apart that they've turned very very partisan. Doesn't seem like

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Speaker 1: we've seen a lot of bipartisan agreement on them and

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Speaker 1: talking to at least some Democrats on these issues. You know,

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Speaker 1: when when you say, in the context of Title forty

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Speaker 1: two and people arriving at the border. In your words,

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Speaker 1: this is an invasion. I mean, is that counterproductive? We're

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Speaker 1: we're seeing a literal invasion of Ukraine from Russia. I

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Speaker 1: have it's just gotta push you a little bit on

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Speaker 1: the use of that phrase and ask it is that

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Speaker 1: that's that sounds like something that may be a bit

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Speaker 1: counterproductive if if you're really looking for any agreement on

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Speaker 1: how to approach the numbers of people who may arrive

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Speaker 1: at the border, well, I mean, call it what you want,

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Speaker 1: call it, uh, I mean illegal immigration, call it uh,

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Speaker 1: you know, you can pick a term to describe it.

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Speaker 1: But we haven't seen these numbers in the history of

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Speaker 1: this country that I know of at this point in time. Uh.

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Speaker 1: And we're no, we're not going to have agreement because

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Speaker 1: they just don't agree. If if they won't even agree

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Speaker 1: to allow Title forty two to come on the floor

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Speaker 1: and debate it, like that's what we're sent to Congress for,

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Speaker 1: to even debate it an up or down vote, and

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Speaker 1: that's what policition is doing. That's why we have having

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Speaker 1: to do the discharge petition so there will be no

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Speaker 1: bipartisanship because they won't even allow honest discussion about it.

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Speaker 1: And I don't care about the terminology. I do care

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Speaker 1: about what is doing to our cities and counties all

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Speaker 1: over this country that the fiscal impact is. Having talked

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Speaker 1: to any policeman that's going to have to to police

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Speaker 1: these areas that have this mass migration into the UH

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Speaker 1: into their particular city, they don't want to not know

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Speaker 1: who's coming in makes no sense and and they know it.

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Speaker 1: It's just part of their part of what they're doing

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Speaker 1: along with everything else. Well, Congressman, thank you so much

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Speaker 1: for joining us today. That was Congressman Ralph Norman, Republican

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Speaker 1: from South Carolina, member of the Homeland Security Committee. UH.

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Speaker 1: Definitely touching on on immigration jack, which we're gonna be

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Speaker 1: hearing a lot, going to be a very contentious topic,

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Speaker 1: especially as we get into the midterms coming up. We

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Speaker 1: are going to assemble the panel and get into the

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Speaker 1: historic confirmation of the first black woman on the Supreme Court,

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Speaker 1: and then later talk a little on Russia and Ukraine.

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Speaker 1: I'm Emily Wilton's with Jack Fitzpatrick. This is Bloomberg. This

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Speaker 1: is Bloomberg Sound On with Joe Matthew on Bloomberg Radio.

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Speaker 1: Patanji Brown Jackson was confirmed just this afternoon to the

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Speaker 1: United super States of Supreme Court, making me for the

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Speaker 1: first black woman confirmed to be a justice in its ranks.

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Speaker 1: There was a fifty three forty seven vote. We'll discuss

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Speaker 1: that with our panel. I'm Jack Fitzpatrick here with my

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Speaker 1: Bloomberg Government colleague Emily Wilkins. We're bringing in Matt Bennett,

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Speaker 1: democratic strategist, a former Clinton White House hand and a

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Speaker 1: co founder over a Third Way, as well as Gretta

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Speaker 1: joins from Brownstein Hyatt Farburn Shrek. She is their co

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Speaker 1: chair on technology and Telecom's practice. We've got to touch

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Speaker 1: on the significance of today's vote. I've noticed there were

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Speaker 1: a number of Congressional Black Caucus members who made their

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Speaker 1: way over to the Senate to view the vote. Uh,

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Speaker 1: this was a fifty three forty seven vote. Senator Susan Collins,

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Speaker 1: Democrats in support. And here is what it sounded like

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Speaker 1: when the first black Vice President, Kamala Harris, first black

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Speaker 1: woman Vice President, Kamala Harris as well, obviously called the vote.

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Speaker 1: Here's what that sounded like on this vote. The a's

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Speaker 1: a fifty three. The name and this nomination is confirmed

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Speaker 1: in a strange week in Washington where we saw one

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Speaker 1: hundred to zero votes on Russian sanction issues, a COVID

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Speaker 1: package fall apart. It was almost a little surreal to

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Speaker 1: see sort of a moment of real momentum for Democrats,

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Speaker 1: at least, who cared a lot about this vote. Uh, Matt,

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Speaker 1: put this in context for us before we get into

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Speaker 1: the specifics of how she's going to affect the court. Uh,

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Speaker 1: this is a Democratic party that's kind of looking for

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Speaker 1: some victories after struggles on their legislative agenda. Just put

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Speaker 1: this vote in context for us today. What does this

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Speaker 1: do for Democrats who who wanted some sort of victory.

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Speaker 1: I think it's a really important moment for the country

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Speaker 1: and for Democrats obviously. Uh, soon to be Justice Jackson

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Speaker 1: is is an historic new member of the court for

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Speaker 1: all sorts of reasons. And the presidents don't generally get

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Speaker 1: to pick a lot of Screme Court justices. Sometimes, Uh,

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Speaker 1: they get lucky. I guess you could say about Trump,

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Speaker 1: you got three. But for the most part, Spreme Court

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Speaker 1: openings are very rare. And this is a very very

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Speaker 1: big deal for the White House and the President and

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Speaker 1: for Democrats generally, and I think you saw all fifties

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Speaker 1: senator Democratic senators vote for this nominee along with three Republicans.

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Speaker 1: So there was a return to democratic unity that's been

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Speaker 1: somewhat lacking in the last several months as the Senate

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Speaker 1: has wrangled over parts of the President's agenda. So I think, uh,

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Speaker 1: the ability to get this very very important thing done

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Speaker 1: with democratic unity is going to matter. And then finally,

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Speaker 1: this was a promise that the president made during the

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Speaker 1: campaign to the people who really constitute the iron core

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Speaker 1: of the Democratic base, and that's African American women. African

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Speaker 1: American women are the most loyal Democrats. They almost always

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Speaker 1: vote for Democrats. Uh, They're vital to our coalition, and

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Speaker 1: this was a promise kept for them to many others.

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Speaker 1: You know, Matt, you really did a good job. They're

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Speaker 1: kind of laying out what this means for Democrats. Greta,

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Speaker 1: you're a Republican strategist. I want to come to you

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Speaker 1: on what this kind of means for Republicans. You saw

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Speaker 1: a nominations process had some very contentious points for Senator crews.

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Speaker 1: Senator Holly really grilling Judge Jackson on her rulings and

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Speaker 1: child pornography cases, but then you also saw three Republicans

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Speaker 1: come out and vote for her. Um, what does what

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Speaker 1: sort of re read the tea leaves here as far

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Speaker 1: as what we learned about the state of the Republican

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Speaker 1: Party from this nomination process. I think when you look back,

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Speaker 1: and I think Republicans felt that that they contained most

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Speaker 1: of their concerns around her record to be her judicial record.

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Speaker 1: They don't feel they got personal into her personal life,

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Speaker 1: which certainly they felt was the case during Uniquemy Barrett's

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Speaker 1: and Justice Kavanaugh's confirmation processes. So I I think that

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Speaker 1: ultimately Republicans felt that that they stuck to the facts

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Speaker 1: and feel very comfortable with how that process worked, but

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Speaker 1: are also thankful to be on the other side of

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Speaker 1: it where they can start focusing on things that ultimately

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Speaker 1: they believe will help them in November, which our inflation,

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Speaker 1: which is gas prices, and which is COVID response by

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Speaker 1: the administration. Right, Gretta. I want to follow up on

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Speaker 1: Mitt Romney in particular because in the previous vote for

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Speaker 1: the Lower Court, when Katangi Brown Jackson was confirmed, she

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Speaker 1: got three Republican votes, but it was Collins, Murkowski and

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Speaker 1: Lindsay Graham. This time Mitt Romney, who had previously opposed her,

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Speaker 1: supported her. Uh. Can you explain Mitt Romney to us?

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Speaker 1: What what do you think changed his mind? I think

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Speaker 1: that Senator Romney had more time to sit down with

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Speaker 1: her and ultimately became more comfortable with her record. Also,

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Speaker 1: I think that, as Senator Durban mentioned on the floor today,

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Speaker 1: the Senator Romney's father Um certainly had a voice during

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Speaker 1: the civil rights movement, and I think that ultimately was persuasive,

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Speaker 1: uh to Senator Romney about the importance of having a

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Speaker 1: an African American woman on the court. Matt Um on

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Speaker 1: the Democratic side, actually a point made by Republicans who

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Speaker 1: have posed Katanji Brown Jackson was there. There was a

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Speaker 1: in their words, more of an activist push in the

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Speaker 1: Democratic Party for Jackson over any other candidates. I mean,

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Speaker 1: spell this out for us, especially if a guy who

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Speaker 1: was at the Clinton White House you're a third way?

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Speaker 1: Is Katanji Brown Jackson actually sort of a product of

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Speaker 1: a push by any sort of far left activists? And

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Speaker 1: and how would that manifest itself? Do the does the

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Speaker 1: far left have somebody on the court now? No, that

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Speaker 1: was always a nonsense talking point from Republicans, but it's

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Speaker 1: become standard fair unfortunately, uh really for both sides. I

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Speaker 1: think it's less credible recently when Republicans have leveled it

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Speaker 1: because for the most part, Democratic presidents have have nominated

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Speaker 1: fairly moderate people to the Court, including Judge Jackson and

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Speaker 1: certainly Marrek Garland, who never even got a hearing because

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Speaker 1: of the obstructionism that we saw McConnell and other Republicans

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Speaker 1: pose under President Obama. So this notion that she's some

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Speaker 1: sort of radical activists is silly. She got fifty four

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Speaker 1: votes when she was up for the d C Circuit,

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Speaker 1: which is often called the second highest court in the land,

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Speaker 1: a very very important court for Republicans, voted for her

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Speaker 1: um and you had the spectacle of people like Lindsey

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Speaker 1: Graham complaining that the South Carolinian that he wanted nominated

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Speaker 1: didn't get nominated and therefore he wasn't going to vote

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Speaker 1: for Judge Jackson. So the whole thing was just a

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Speaker 1: game that Republicans are playing, and it's part of the

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Speaker 1: politicization of the nominating process that I think is very

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Speaker 1: bad for the court in the long run. Well, you know,

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Speaker 1: on that note, I think this is a big moment

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Speaker 1: for Democrats to some extent, I point out though she

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Speaker 1: doesn't actually start. The next term doesn't start until October. Uh.

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Speaker 1: This this is sort of an issue that settles down

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Speaker 1: a bit. Uh. And it's it's not as if there's

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Speaker 1: a big case in front of Justice Jackson now, but

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Speaker 1: a moment of victory for Democrats when they really wanted one.

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Speaker 1: Coming up, we're gonna talk to Hagar Somali, CEO of

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Speaker 1: Greenwich Media Strategies, former Treasury official, with Emily Wilkins. I'm

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Speaker 1: Jack Fitzpatrick. This is Bloomberg broadcasting live from our nation's capital,

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Speaker 1: Bloomberg to New York, Bloomberg eleven Frio to Boston, Bloomberg

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Speaker 1: one O six one to San Francisco, Bloomberg nine sixty

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Speaker 1: to the country, Serious XM Channel one nine and around

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Speaker 1: the globe, the Bloomberg Business app and Bloomberg Radio dot Com.

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Speaker 1: This is Bloomberg Sound On with Joe Matthew. At the

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Speaker 1: end of February, President Biden said to give sanctions he

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Speaker 1: put on Russia a month to start working. While it

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Speaker 1: is early April. Now it's been more than a month now,

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Speaker 1: and we're going to check in with Hugar Tomali, the

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Speaker 1: CEO at Greenwich Media Strategies and the former senior policy

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Speaker 1: adviser in the Treasuries Sanctions to Vision. I'm Emily Wilkins

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Speaker 1: here with my co host Jack Fitzpatrick. We're filling in

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Speaker 1: for Joe Matthew today. We'll joining us now is Hugar Tomali. Uh.

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Speaker 1: She knows a lot about sanctions. She understands a lot

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Speaker 1: of the impact that they are having. We're really great

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Speaker 1: a gracious that you could join us today. I'm just

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Speaker 1: going to start right off, but I think asking the

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Speaker 1: big picture question here, how hard are the sanctions that

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Speaker 1: US and other nations have put on Russia hitting their economy?

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Speaker 1: Thanks so much for having me, I appreciate it. Well,

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Speaker 1: they're hitting them hard, and the economy is is really

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Speaker 1: suffering writ large, and you have a lot of examples

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Speaker 1: of that. So first you've got the lubal is jumping

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Speaker 1: all over the place. Um. You you know, it crashed

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Speaker 1: a month ago. Now it's when it goes up. I

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Speaker 1: wouldn't really put much stock into that because that's just

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Speaker 1: typically what happened to the economies that are in flux.

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Speaker 1: Um it will probably go back down again. Um. Their

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Speaker 1: domestic product will shrink this year is what is expected.

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Speaker 1: Um and they just they haven't had a recession of

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Speaker 1: this kind since the nineties. You have things like factories

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Speaker 1: that are shutting down. You have thousands of people. I

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Speaker 1: read a statistic showing that workers in Russia were furloughed

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Speaker 1: and sixty thousand were laid off. This is according to

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Speaker 1: Raymond James. So you have unemployment growing, you have inflation growing,

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Speaker 1: you have empty shells of supermarkets. So the these sanctions

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Speaker 1: are hitting the Russian economy very hard. And you see

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Speaker 1: Russian elites and oligarchs and business folk and political officials there.

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Speaker 1: You see them trying to maneuver by trying to move

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Speaker 1: their assets and get loans. I see their workarounds they're

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Speaker 1: trying to pursue in Turkey and in Syria. But I

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Speaker 1: should be I want to be very clear that if

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Speaker 1: they find workaround by converting their their assets to the

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Speaker 1: Turkish era for the Syrian pound, that is not a

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Speaker 1: good sign for them. That is barely a workaround because

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Speaker 1: those currencies really don't mean much globally. Well, I guess then,

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Speaker 1: so that it sounds like the economics situation, it's not good.

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Speaker 1: It could in line to get worse. But what is

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Speaker 1: this all going to mean for Putin and for the invasion?

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Speaker 1: At what point do we start seeing the economy actually

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Speaker 1: impact how Putin is thinking about the invasion in Ukraine? Right,

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Speaker 1: You're asking the question the right way, because at the

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Speaker 1: end of the day, the point of the sanctions is

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Speaker 1: to disrupt and dismantle all the financial networks that support

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Speaker 1: the Kremlin and that allow it to finance its war machine.

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Speaker 1: And that is that is ultimately the goal. It's not

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Speaker 1: to hurt the broader population um by by causing this

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Speaker 1: inflation and the crash of its currency and so on.

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Speaker 1: And so that's what takes time, and that's what's been

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Speaker 1: proven with sanctions that you've seen in other sanctions regimes,

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Speaker 1: for example, the Iranian the sanctions against Irana a perfect

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Speaker 1: example of that. They took the sanctions against Irana's toughest ones,

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Speaker 1: where the oil sanctions, and it took two years before

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Speaker 1: the Iranian government was compelled to come to the negotiating table.

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Speaker 1: But those are the actions that hit them the hardest.

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Speaker 1: And so the steps you've seen for for sure that

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Speaker 1: the US has taken targeting every angle, the sanctions of

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Speaker 1: course from Europe, uh where we're waiting for them to

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Speaker 1: take more action against Russia's oil sector. That the oil

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Speaker 1: sector is of Russia's economy, but targeting its coal is

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Speaker 1: a really good first step. And they've already pledged anyway

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Speaker 1: to cut back on their imports from Russia oil and gas.

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Speaker 1: I hope that they expectit that even sooner. That type

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Speaker 1: of move, really, siphoning off Russian oil and gas exports,

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Speaker 1: that's what's going to make Putent feel the pain even more.

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Speaker 1: It is a language that you'll understand. Ultimately, the language

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Speaker 1: he understands the most is the threat of military force,

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Speaker 1: And so I don't want to equate the threat of

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Speaker 1: sanctions to the threat of military force when it comes

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Speaker 1: to changing his behavior and compelling him to negotiate um.

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Speaker 1: But it helps further the pressure and it helps most

430
00:24:56,400 --> 00:25:00,720
Speaker 1: importantly limit his ability to finance his island machine. And

431
00:25:00,760 --> 00:25:03,240
Speaker 1: you've already seen that with reports saying that the Russians

432
00:25:03,280 --> 00:25:06,720
Speaker 1: are unable to fix or or create new tanks. So

433
00:25:06,840 --> 00:25:10,440
Speaker 1: if that's the most important thing, more or less defunding

434
00:25:10,560 --> 00:25:14,000
Speaker 1: the Russian war effort to the greatest extent possible, what

435
00:25:14,160 --> 00:25:17,280
Speaker 1: do you make of the portion of sanctions just announced

436
00:25:17,400 --> 00:25:23,400
Speaker 1: yesterday that target Vladimir Putin's daughter's foreign minister, Sergei Lavrov's

437
00:25:23,560 --> 00:25:26,280
Speaker 1: wife and daughter. You know, we talked early on in

438
00:25:26,359 --> 00:25:29,639
Speaker 1: this so many people talked about target putin target his wealth.

439
00:25:30,119 --> 00:25:32,440
Speaker 1: Uh maybe as if that would change his mind. Does

440
00:25:32,520 --> 00:25:34,560
Speaker 1: that actually have that much of an effect or what

441
00:25:34,640 --> 00:25:38,800
Speaker 1: did you make of those sanctions announced yesterday? Sure? So.

442
00:25:38,920 --> 00:25:41,320
Speaker 1: The first thing I saw when I saw those sanctions

443
00:25:41,359 --> 00:25:44,000
Speaker 1: they were They're very familiar to me having been on

444
00:25:44,080 --> 00:25:46,400
Speaker 1: the other side working working in sanctions for a long time,

445
00:25:46,440 --> 00:25:48,399
Speaker 1: because at the end of the day, when you target

446
00:25:48,440 --> 00:25:52,359
Speaker 1: political officials in particular or there or elite, they always

447
00:25:52,640 --> 00:25:56,040
Speaker 1: turned to their relatives to move assets and put the

448
00:25:56,080 --> 00:25:59,919
Speaker 1: assets in their name or so that those relatives can

449
00:26:00,440 --> 00:26:03,359
Speaker 1: raise movement store funds for them. And so it's it

450
00:26:03,520 --> 00:26:06,399
Speaker 1: is a very typical move, but on behalf of the

451
00:26:06,440 --> 00:26:09,080
Speaker 1: treasure department to move, if you will, to the next

452
00:26:09,280 --> 00:26:11,119
Speaker 1: layer of the onion is how I like to call it.

453
00:26:11,240 --> 00:26:14,359
Speaker 1: So any sanction, it targets, if you will, the center

454
00:26:14,400 --> 00:26:16,560
Speaker 1: of the onion, and then as time wears on, they

455
00:26:16,560 --> 00:26:19,040
Speaker 1: continue to go to those outer layers to ensure that

456
00:26:19,160 --> 00:26:22,480
Speaker 1: the target remains isolated. That they can't find any workarounds

457
00:26:22,800 --> 00:26:25,360
Speaker 1: or ways to evade or circumvent those sanctions. And that's

458
00:26:25,400 --> 00:26:27,320
Speaker 1: the first thing I noticed when I saw that they

459
00:26:27,400 --> 00:26:30,439
Speaker 1: targeted the relatives of these individuals. It is to make

460
00:26:30,480 --> 00:26:32,440
Speaker 1: sure they get the message that we're going to go

461
00:26:32,560 --> 00:26:34,119
Speaker 1: at them from every angle. They're not going to be

462
00:26:34,240 --> 00:26:37,600
Speaker 1: able to sell their businesses through their relatives, or move

463
00:26:37,680 --> 00:26:40,680
Speaker 1: their assets, or have bank accounts that remain open. Which

464
00:26:40,760 --> 00:26:43,520
Speaker 1: is interesting because we also saw something similar with the oligarchs,

465
00:26:43,880 --> 00:26:47,320
Speaker 1: sanctions that targeted not just them but also their families.

466
00:26:47,800 --> 00:26:50,160
Speaker 1: UM I did want to ask one quick question. We've

467
00:26:50,240 --> 00:26:52,879
Speaker 1: only got a few seconds left here, so I'm putting

468
00:26:52,880 --> 00:26:56,400
Speaker 1: you on the spot, But what more sanctions should be done?

469
00:26:56,560 --> 00:26:59,520
Speaker 1: What else should Congress in the Biden administration be considering

470
00:26:59,640 --> 00:27:04,240
Speaker 1: right now? The Congress. I would like to see Congress

471
00:27:04,280 --> 00:27:07,200
Speaker 1: consider secondary sanctions because that's what's going to get the

472
00:27:07,240 --> 00:27:09,800
Speaker 1: whole world to really join us in this effort. You

473
00:27:09,880 --> 00:27:13,000
Speaker 1: have a lot of partners already Europe, Canada, Australia, Japan,

474
00:27:13,240 --> 00:27:15,280
Speaker 1: but there are more countries like India, who needs to

475
00:27:15,320 --> 00:27:18,040
Speaker 1: jump on China, who needs that needs to feel the pressure.

476
00:27:18,200 --> 00:27:20,200
Speaker 1: Secondary stanctions will do that that's the first, and the

477
00:27:20,240 --> 00:27:24,200
Speaker 1: second is targeting more of Russia's economic sectors, so that's

478
00:27:24,240 --> 00:27:28,399
Speaker 1: things like palladium, platinum, nickel, aluminum, steel, timber. In a

479
00:27:28,440 --> 00:27:31,200
Speaker 1: way of course, that that prevents backlash on our businesses.

480
00:27:31,480 --> 00:27:34,080
Speaker 1: And Europe really needs to target the Russian oil and

481
00:27:34,160 --> 00:27:36,639
Speaker 1: gas sector, of course by making sure that they have

482
00:27:37,000 --> 00:27:39,840
Speaker 1: steps in place to have other sources of Russian oil,

483
00:27:39,920 --> 00:27:42,280
Speaker 1: of of oil and gas and the infrastructure to import it.

484
00:27:42,320 --> 00:27:45,520
Speaker 1: But those are the three most important things. That's excellent. Well,

485
00:27:45,560 --> 00:27:48,800
Speaker 1: thank you so much to Huggard, Tomali, really appreciate you

486
00:27:48,960 --> 00:27:53,320
Speaker 1: joining us today. Obviously, will be keeping an eye on sanctions.

487
00:27:53,440 --> 00:27:56,520
Speaker 1: We did get the news today, um that Europe is

488
00:27:56,600 --> 00:27:59,240
Speaker 1: trying to fan some Russian coal imports in one of

489
00:27:59,320 --> 00:28:02,320
Speaker 1: the big enter g hits Uh. And coming up next

490
00:28:02,400 --> 00:28:05,200
Speaker 1: we're going to be assembling the panel recapping what we

491
00:28:05,320 --> 00:28:07,840
Speaker 1: have so far in the week. I'm Emi Wilkins with

492
00:28:07,960 --> 00:28:16,399
Speaker 1: Jack Fitzpatrick. This is Bloomberg. This is Bloomberg Sound On

493
00:28:16,960 --> 00:28:22,920
Speaker 1: with Joe Matthew on Bloomberg Radio. Well, the Senate has

494
00:28:23,040 --> 00:28:26,600
Speaker 1: left town, and the ten billion dollar COVID relief bill

495
00:28:26,920 --> 00:28:30,880
Speaker 1: is still sitting somewhere in someone's desk that is stalled

496
00:28:31,080 --> 00:28:33,840
Speaker 1: for probably a couple of weeks as lawmakers left for

497
00:28:33,880 --> 00:28:37,679
Speaker 1: a two week recess after this. They'll pick that up

498
00:28:37,960 --> 00:28:40,440
Speaker 1: at a certain point in time in the future. We

499
00:28:40,520 --> 00:28:43,440
Speaker 1: are fascinated by the developments on that. I'm Jack Fitzpatrick

500
00:28:43,520 --> 00:28:46,479
Speaker 1: here with my Bloomberg Government colleague Emily Wilkins. We are

501
00:28:46,560 --> 00:28:49,400
Speaker 1: in for Joe this week. We're gonna bring in our

502
00:28:49,520 --> 00:28:53,040
Speaker 1: panel including Matt Bennett from Third Way and Greta Joins

503
00:28:53,040 --> 00:28:56,920
Speaker 1: from Brownstein, Hyatt Farber, and Shrek. Uh. Guys. The latest

504
00:28:57,000 --> 00:28:59,880
Speaker 1: I've heard on this COVID bill that the White House has,

505
00:29:00,000 --> 00:29:02,560
Speaker 1: which very hard for Democrats, pushed very hard for a

506
00:29:02,640 --> 00:29:05,320
Speaker 1: number of Republicans were interested in, is that they're gonna

507
00:29:05,600 --> 00:29:08,160
Speaker 1: let it lie for a couple of weeks they left town. Uh,

508
00:29:08,240 --> 00:29:12,520
Speaker 1: there's interest in this ten billion dollar domestic bill. There's

509
00:29:12,560 --> 00:29:15,120
Speaker 1: also interest in a follow up. Remember this bill is

510
00:29:15,160 --> 00:29:16,920
Speaker 1: less than half of what the White House asked for.

511
00:29:17,080 --> 00:29:20,760
Speaker 1: They didn't include global vaccine relief, that kind of thing,

512
00:29:21,240 --> 00:29:24,240
Speaker 1: any international aid. There's interest in doing that. But I

513
00:29:24,480 --> 00:29:28,320
Speaker 1: caught up with Senator Roy Blunt today in an echoee Hallway,

514
00:29:28,400 --> 00:29:31,720
Speaker 1: so I apologize for the sound quality. He is the

515
00:29:31,800 --> 00:29:35,880
Speaker 1: top Republican in the Senate for funding Health and Human Services. UH,

516
00:29:35,960 --> 00:29:40,240
Speaker 1: and he acknowledged the confusion about exactly what's going to

517
00:29:40,360 --> 00:29:43,240
Speaker 1: get done and what is needed, and how it depends

518
00:29:43,360 --> 00:29:45,960
Speaker 1: on whether there's going to be a wave or not.

519
00:29:49,840 --> 00:29:53,640
Speaker 1: Let's play that sound. Nobody thought that even the domestic

520
00:29:53,760 --> 00:30:02,760
Speaker 1: money last in all likelihood through the summer. But with COVID,

521
00:30:02,840 --> 00:30:05,120
Speaker 1: you don't know. It might last longer than that, it

522
00:30:05,280 --> 00:30:09,600
Speaker 1: might go a lot quicker than that. So we really

523
00:30:09,760 --> 00:30:12,920
Speaker 1: don't know what we do know, or that these accounts

524
00:30:13,640 --> 00:30:17,960
Speaker 1: are out of money, and if they're replenished, they need

525
00:30:18,040 --> 00:30:21,640
Speaker 1: to be replenished through the normal through an appropriation process

526
00:30:21,920 --> 00:30:27,520
Speaker 1: that the Congress directs. Matt Bennett Gretta joins join join

527
00:30:27,680 --> 00:30:31,000
Speaker 1: us on our panel. Now, Matt, I, I've got to

528
00:30:31,200 --> 00:30:34,480
Speaker 1: take your temperature on this. UH. We heard about these needs.

529
00:30:34,520 --> 00:30:36,920
Speaker 1: We heard initially from the White House about twenty two

530
00:30:36,920 --> 00:30:40,440
Speaker 1: and a half billion dollars in COVID needs. UH. And

531
00:30:40,600 --> 00:30:44,240
Speaker 1: now we see a ten billion dollar bill stall seemingly

532
00:30:44,320 --> 00:30:47,360
Speaker 1: for a couple of weeks. UH. To what extent is

533
00:30:47,480 --> 00:30:50,560
Speaker 1: Congress just dropping the ball and what does that mean

534
00:30:50,800 --> 00:30:56,440
Speaker 1: for the immediate future of therapeutics? Vaccines, etcetera. I think

535
00:30:56,480 --> 00:31:01,240
Speaker 1: it's the terrible uh kind of application and responsibility on

536
00:31:01,240 --> 00:31:04,120
Speaker 1: the part of Congress. The Speaker of the House has covid.

537
00:31:04,480 --> 00:31:08,400
Speaker 1: I mean, there's COVID rampaging through New York City, Uh,

538
00:31:08,840 --> 00:31:12,640
Speaker 1: through official Washington the Gridiron Dinner or a bunch of

539
00:31:13,200 --> 00:31:15,920
Speaker 1: you know, pooh bas from Washington go. There was all

540
00:31:16,040 --> 00:31:19,880
Speaker 1: kinds of COVID being spread there. So COVID's not over,

541
00:31:20,200 --> 00:31:26,000
Speaker 1: unfortunately luckily because of vaccines. Hospitalizations are not kicking up yet,

542
00:31:26,080 --> 00:31:29,080
Speaker 1: but they probably will because not enough people are vaccinated.

543
00:31:29,440 --> 00:31:33,440
Speaker 1: So we're gonna need more money for COVID therapeutics, for

544
00:31:33,560 --> 00:31:37,920
Speaker 1: vaccines and intervention. And the fact that Congress left town

545
00:31:38,200 --> 00:31:44,160
Speaker 1: without doing anything to address the shortfall is appalling. I

546
00:31:44,240 --> 00:31:49,440
Speaker 1: must say also that failing to fund international vaccines is

547
00:31:49,640 --> 00:31:55,320
Speaker 1: penny wise and pound insanely foolish. Um. COVID does not

548
00:31:55,520 --> 00:32:00,080
Speaker 1: respect borders. It travels globally very very quickly. Uh, and

549
00:32:00,200 --> 00:32:04,320
Speaker 1: so do variants, and so our refusal to help the

550
00:32:04,400 --> 00:32:07,000
Speaker 1: world get vaccinated is going to come back to haunt

551
00:32:07,120 --> 00:32:10,440
Speaker 1: us if we don't fix that. Greta. I also want

552
00:32:10,440 --> 00:32:12,160
Speaker 1: to get your thoughts on this, because we did here

553
00:32:12,280 --> 00:32:16,360
Speaker 1: earlier from Congressman Ralph Norman. He's a Republican and he

554
00:32:16,520 --> 00:32:19,960
Speaker 1: didn't think that he did not support this additional amount

555
00:32:20,160 --> 00:32:25,120
Speaker 1: of funding for these vaccines and additional medications. I'm wondering

556
00:32:25,200 --> 00:32:29,200
Speaker 1: kind of how you see this this pattern continue because

557
00:32:29,240 --> 00:32:32,600
Speaker 1: we did see a lot of funding initially come from Congress.

558
00:32:33,160 --> 00:32:36,480
Speaker 1: As this pandemic continues, are we going to have to

559
00:32:36,600 --> 00:32:41,120
Speaker 1: see it start coming from other places? Well? I think

560
00:32:41,200 --> 00:32:44,360
Speaker 1: the fundamental problem here, and the disagreement that Republicans have

561
00:32:44,480 --> 00:32:47,560
Speaker 1: with Democrats is where is the money that we've already

562
00:32:47,600 --> 00:32:50,640
Speaker 1: allocated for COVID? And a lot of those funds are

563
00:32:50,680 --> 00:32:54,240
Speaker 1: going to states which don't necessarily need it. They haven't

564
00:32:54,320 --> 00:32:57,400
Speaker 1: spent the money that they have been already allocated. They're

565
00:32:57,640 --> 00:33:00,800
Speaker 1: set to get millions more dollars next um, and they

566
00:33:00,840 --> 00:33:03,280
Speaker 1: really don't have a concrete plan plan on how to

567
00:33:03,400 --> 00:33:07,440
Speaker 1: spend it, specifically to combat COVID. I think Republicans would

568
00:33:07,520 --> 00:33:10,520
Speaker 1: like to take a look at money that we have

569
00:33:10,680 --> 00:33:15,000
Speaker 1: already spent and look at possible ways that we could

570
00:33:15,080 --> 00:33:19,560
Speaker 1: fiscally be a little bit more conservative and perhaps reallocate

571
00:33:19,640 --> 00:33:22,040
Speaker 1: those funds and look at where where we beat it.

572
00:33:22,160 --> 00:33:27,360
Speaker 1: I don't think that Republicans want to put any American

573
00:33:27,680 --> 00:33:29,920
Speaker 1: in a you know, a bad spot if there is

574
00:33:29,960 --> 00:33:32,360
Speaker 1: another wave, if if we need to allocate more money.

575
00:33:32,400 --> 00:33:35,320
Speaker 1: But right now, the United States does not have a

576
00:33:35,400 --> 00:33:39,840
Speaker 1: vaccine shortage. We we don't have a ppe shortage. So ultimately,

577
00:33:39,960 --> 00:33:42,240
Speaker 1: can we use some of the funds that the states

578
00:33:42,280 --> 00:33:45,160
Speaker 1: were going to get for purposes that you know, we

579
00:33:45,320 --> 00:33:48,600
Speaker 1: may need down the road. And I think Republicans and

580
00:33:48,680 --> 00:33:52,200
Speaker 1: particularly Senate Republicans, and as you heard the Confort said earlier,

581
00:33:52,240 --> 00:33:55,320
Speaker 1: while certainly how Republicans will feel that we certainly should

582
00:33:55,360 --> 00:33:58,000
Speaker 1: look at that as a possibility. You know, greta a

583
00:33:58,080 --> 00:34:01,480
Speaker 1: little more on that point. I thought it was very interesting,

584
00:34:02,080 --> 00:34:05,120
Speaker 1: um yesterday when we spoke with Chris Meekins, who worked

585
00:34:05,360 --> 00:34:10,040
Speaker 1: at HHS during the Trump administration. Yes, On, on one hand,

586
00:34:10,320 --> 00:34:13,640
Speaker 1: Republicans have fought for offsets, so this isn't just borrowing

587
00:34:13,719 --> 00:34:16,680
Speaker 1: money for these resources. And many Republicans, including Senator Blunt,

588
00:34:17,200 --> 00:34:19,640
Speaker 1: have said, we we do want to fund these programs.

589
00:34:19,760 --> 00:34:22,520
Speaker 1: But one program in particular that they're closing down now,

590
00:34:22,600 --> 00:34:25,920
Speaker 1: I believe they've cut off the funds already is the

591
00:34:26,040 --> 00:34:31,640
Speaker 1: program that pays back healthcare providers UH for vaccinations for

592
00:34:31,680 --> 00:34:34,520
Speaker 1: people who are uninsured. And Chris made the point yesterday

593
00:34:34,600 --> 00:34:37,960
Speaker 1: eventually that kind of program was going to have to end. Uh,

594
00:34:38,160 --> 00:34:39,879
Speaker 1: you you can pay out of pocket if you don't

595
00:34:39,920 --> 00:34:44,799
Speaker 1: have insurance. I just wanna understand from a Republican point

596
00:34:44,840 --> 00:34:48,080
Speaker 1: of view, are we getting toward a point where offsets

597
00:34:48,160 --> 00:34:52,320
Speaker 1: aside um Title forty two aside? Do Republicans want to

598
00:34:52,560 --> 00:34:56,640
Speaker 1: see a greater wind down of direct COVID aid like

599
00:34:57,000 --> 00:35:02,279
Speaker 1: that program. I've think that Republicans want to ensure that

600
00:35:02,480 --> 00:35:05,520
Speaker 1: dollars are being spent in a way that is transparent

601
00:35:05,800 --> 00:35:09,400
Speaker 1: and they can ultimately be accountable to their constituents for it.

602
00:35:09,920 --> 00:35:13,640
Speaker 1: I I certainly think that Republicans feel that getting as

603
00:35:13,719 --> 00:35:16,880
Speaker 1: many Americans vaccinated as possible as a good thing. I

604
00:35:16,960 --> 00:35:20,319
Speaker 1: think the question is how many Americans are out there

605
00:35:20,760 --> 00:35:24,560
Speaker 1: who aren't currently vaccinated, who want to get vaccinated, and

606
00:35:25,719 --> 00:35:29,360
Speaker 1: where exactly can we allocate those dollars to reach those individuals.

607
00:35:29,719 --> 00:35:34,400
Speaker 1: I'm not sure that we have potentially looked at finding

608
00:35:34,480 --> 00:35:37,360
Speaker 1: those Americans and persuading them in a way that it

609
00:35:37,480 --> 00:35:40,120
Speaker 1: ultimately just makes sense to keep throwing dollars at it

610
00:35:40,200 --> 00:35:44,880
Speaker 1: without a plan um. Now, as Matt mentioned, Speaker Pelosi.

611
00:35:45,040 --> 00:35:50,879
Speaker 1: Nancy Pelosi tested positive today, her office announced for the coronavirus.

612
00:35:50,960 --> 00:35:53,319
Speaker 1: This is a little bit of a wave. I don't

613
00:35:53,360 --> 00:35:56,160
Speaker 1: know in the macro sense exactly where the DC numbers

614
00:35:56,200 --> 00:35:58,879
Speaker 1: will go, but we've heard of a number of high

615
00:35:58,960 --> 00:36:03,400
Speaker 1: profile people Merritt Garland, Gina Romundo, multiple members of the

616
00:36:03,480 --> 00:36:06,000
Speaker 1: House testing positive. Just in the last day or two.

617
00:36:06,719 --> 00:36:12,200
Speaker 1: Our colleague, White House reporter Josh Wingrove, asked Press Secretary

618
00:36:12,400 --> 00:36:16,320
Speaker 1: Jen Saki exactly what the deal was with Speaker Pelosi

619
00:36:16,440 --> 00:36:20,680
Speaker 1: just yesterday being seemingly in close proximity to the President

620
00:36:20,760 --> 00:36:23,680
Speaker 1: at a bill signing event, uh, and whether the President

621
00:36:23,719 --> 00:36:26,279
Speaker 1: was going to end up being tested daily. Here is

622
00:36:26,440 --> 00:36:30,279
Speaker 1: Jen Saki's response to Josh's question. So it's the White

623
00:36:30,440 --> 00:36:32,759
Speaker 1: position that President by in the fourteen minutes seven feet

624
00:36:32,760 --> 00:36:34,920
Speaker 1: away from Speaker Pelosi, he's not a close contact with

625
00:36:34,960 --> 00:36:37,440
Speaker 1: fifteen minute six feet away would have been a close contact.

626
00:36:37,480 --> 00:36:40,200
Speaker 1: And I asked, by way of saying wizard a discussiment

627
00:36:40,239 --> 00:36:43,279
Speaker 1: whether to treat him as a closed contact any well.

628
00:36:43,400 --> 00:36:47,000
Speaker 1: He is tested regularly, as you know. He was tested yesterday,

629
00:36:47,239 --> 00:36:49,480
Speaker 1: he will be tested again soon. He's that tested typically

630
00:36:49,520 --> 00:36:51,880
Speaker 1: a couple of times a week if he is, if

631
00:36:51,920 --> 00:36:54,759
Speaker 1: he were a close contact. The only difference, or I

632
00:36:54,800 --> 00:36:56,520
Speaker 1: don't even know that it would be a difference, would

633
00:36:56,520 --> 00:36:58,919
Speaker 1: be a five five day to a test five days

634
00:36:58,960 --> 00:37:03,040
Speaker 1: after your contact. The coughing sound in the background of

635
00:37:03,200 --> 00:37:07,360
Speaker 1: that sound concerns me. Uh, Matt, is the White House

636
00:37:07,719 --> 00:37:11,200
Speaker 1: not taking this seriously enough? At least speak to you know,

637
00:37:11,239 --> 00:37:15,320
Speaker 1: we're seeing high level officials test positive. Should there be

638
00:37:15,520 --> 00:37:19,239
Speaker 1: a little bit more of a severe response to this,

639
00:37:20,920 --> 00:37:24,600
Speaker 1: I don't know. I think that, Look, the President has

640
00:37:24,680 --> 00:37:28,960
Speaker 1: been double boosted. Uh he is there. They are very

641
00:37:29,040 --> 00:37:31,879
Speaker 1: careful with him. They know that he's you know, seven

642
00:37:31,920 --> 00:37:34,399
Speaker 1: eight years old, and and he's otherwise in good health

643
00:37:34,480 --> 00:37:37,400
Speaker 1: and vaccinated. But they have to be careful. And I

644
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Speaker 1: think that they're probably doing what the White House Physician's

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Speaker 1: Office tells them to do. I mean, Jen Psaki herself

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Speaker 1: has had COVID twice, her kape had COVID. The Vice

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Speaker 1: President's staff have COVID. COVID is everywhere in big cities

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Speaker 1: right now, and Washington is no exception. I do think that, um,

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Speaker 1: they are following CDC partocols, They're doing what the experts

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Speaker 1: tell them to do, and that's probably where they should be. Matt,

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Speaker 1: I also wanted to ask a little bit about because

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Speaker 1: you know, Cop Pelosi's announcement that she got COVID was

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Speaker 1: quickly followed by an announcement that she would not be

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Speaker 1: taking that trip that she had planned with the Congressional

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Speaker 1: delegation to Asia. Real quickly here that trip was reported

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Speaker 1: by our colleagues in Japan, that she was going to

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Speaker 1: go to Taiwan. What was the significance of that, Well,

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Speaker 1: Taiwan is enormously significant at the moment because it is

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Speaker 1: the other nation under threat, you know, other than Ukraine.

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Speaker 1: It's a very similar position where China has been um

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Speaker 1: for for decades, wanting to unify China, and the UH

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Speaker 1: thinking about doing that either economically or militarily. And so

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Speaker 1: I think going to Taiwan showing our support would have

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Speaker 1: been versy and now canceling Speaker Pelosi's trip obviously quite

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Speaker 1: significant with that COVID diagnosis. Thanks again to Congressman Ralph

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Speaker 1: Norman for joining us. Hagar Chamali as well as Matt

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Speaker 1: Bennett and Gretta joins with Emily Wilkins from Bloomberg Government.

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Speaker 1: I'm Jack Fitzpatrick. This is Bloomberg