Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.
Speaker 2: Katie Britt of Alabama, Welcome. It's wonderful to see you.
Speaker 1: Thank you so much. I appreciate it having me obviously
Speaker 1: being here and getting to be in front of your audience.
Speaker 2: Well, for sure, we have a lot of questions for you.
Speaker 2: That was a big moment for you last night. I
Speaker 2: was if you want to reflect on that, because that
Speaker 2: was a big crowd. We keep hearing it's only weeks
Speaker 2: ago that you were on every short right to be
Speaker 2: Donald Trump's running mate. We now know it's Jade Vance.
Speaker 2: Clearly you're supporting him. He's being framed as the future
Speaker 2: of MAGA, the future of the Republican Party. Yeah, and
Speaker 2: the future of our To get that way as another
Speaker 2: young lawmaker, this agenda.
Speaker 1: For so first off, when you talk about last night,
Speaker 1: what an electric moment, I mean to walk on that stage,
Speaker 1: to feel the energy and the arena people are coming together,
Speaker 1: not just our party, but you can feel people coming
Speaker 1: together across the nation. And so to get to be
Speaker 1: a part of that, to get to be a part
Speaker 1: of telling our party story, talking about the message, the
Speaker 1: message of helping hard working Americans, helping parents, putting them
Speaker 1: back into the driver's seat. It was an honor and
Speaker 1: it was an amazing just it was an amazing evening
Speaker 1: for JD. I am so excited for JD. So we
Speaker 1: are freshman classmates, and in that Wesley and I are
Speaker 1: now not just only proud for me to be able
Speaker 1: to call JD a colleague, but proud to call he
Speaker 1: and Usha friends. So the freshmen get together once a
Speaker 1: month for dinner, and it has given us an opportunity
Speaker 1: not just to only talk you know, policy or procedure
Speaker 1: or even personnel issues, but to really get to know
Speaker 1: each other as people. And when America hears his story,
Speaker 1: when they learned that he truly has lived the American dream,
Speaker 1: he pulled himself up. I mean, he fought through the unimaginable.
Speaker 1: When you look at his service to the nation, when
Speaker 1: you look at where he is, when you look at
Speaker 1: his vision for moving forward, the dynamic bringing he and
Speaker 1: Trump together is going to be incredible for the forgotten
Speaker 1: men and women of America, for parents. I think he
Speaker 1: will bring a renewed energy to what we're doing, and
Speaker 1: it's going to be exciting to see this continue to
Speaker 1: move forward. Than when in November and then what we're
Speaker 1: able to do starting in January.
Speaker 3: Well, as you speak of his vision moving forward, obviously
Speaker 3: you have a closer seat than most in getting some
Speaker 3: insight into his visions. You also sit with him on
Speaker 3: the Banking Committee.
Speaker 1: Yes, we set shoulder to shoulder on the banking And
Speaker 1: a number.
Speaker 3: Of policies that Jadevance has advocated for when we think
Speaker 3: about these kind of populist ideas, include things like higher
Speaker 3: tariffs and knowing that in the Banking Committee right now,
Speaker 3: you spend so much time talking about high inflation and
Speaker 3: the cost everyday people are struggling with how do you
Speaker 3: explain to voters the effect tariffs are going to have
Speaker 3: on those costs, knowing that they are likely going to
Speaker 3: drive them higher.
Speaker 1: Well, look and every time, and you can go back
Speaker 1: and look at jd every time he is on the
Speaker 1: Banking Committee, every time he has an opportunity, he uses
Speaker 1: his five minutes to fight for hard working Americans. He
Speaker 1: drives it down to how is this affecting main street?
Speaker 1: How is this affecting workers? How is this affecting people
Speaker 1: trying to achieve the American dream? And the truth is
Speaker 1: we know that places like China, people like the Chinese
Speaker 1: Communist Party have undercut the American worker at every turn.
Speaker 1: So whether it is Alabama shrimpers or steel manufacturers, whether
Speaker 1: it is stealing our intellectual property, what they're doing essentially
Speaker 1: stealing American wages and opportunity is real. And so we've
Speaker 1: seen this in the last Trump administration, I mean, looked
Speaker 1: at our agriculture industry as they allowed President Trump to
Speaker 1: work to create a fair playing field for them. And
Speaker 1: so I am excited to actually take policies then drive
Speaker 1: them down to like how do they affect America? How
Speaker 1: do they affect opportunity? Here? Making sure that we're putting Americans,
Speaker 1: American manufacturing, American capability at the forefront of every conversation,
Speaker 1: because look, when you go back to COVID, if we
Speaker 1: learn nothing else, it's that we need to secure our
Speaker 1: supply chains. And part of that comes from making sure
Speaker 1: that we're strategic and that we're intentional. And I think
Speaker 1: you'll see that with JD and you'll see that obviously
Speaker 1: with President Trump.
Speaker 3: And if the result of that is higher cost, that's
Speaker 3: a price that needs well.
Speaker 1: I mean, I think you'll see wages rise, and I
Speaker 1: think that you'll see opportunity rise as well, and as
Speaker 1: we obviously work through all of these things, as we
Speaker 1: work to drive down inflation, as we work to create
Speaker 1: a better environment for workers, when we work to actually
Speaker 1: create higher pay for them. Obviously, those things, you know,
Speaker 1: take a minute. But I have great confidence in the
Speaker 1: vision of President Trump and soon to be Vice President
Speaker 1: Vance and look forward to helping move policies forward to
Speaker 1: that effect.
Speaker 2: We've had a lot of very credible economists join us
Speaker 2: here on Bloomberg TV and Radio to talk to us
Speaker 2: about the inflationary impacts of tariffs coupled with making the
Speaker 2: Trump tax cuts permanent. If Donald Trump is re elected,
Speaker 2: if Congress plays along, that's likely to happen as a
Speaker 2: big debate in Washington, I realize going on right now.
Speaker 2: But the question then becomes, ready get cut and without
Speaker 2: getting into the entitlements like Medicare and Social Security, which.
Speaker 1: Trump has said he you will not.
Speaker 2: So we're just kind of nibble around the edges here
Speaker 2: right There is the potential to add trillions to our death.
Speaker 1: So look, we are thirty four point five trillion dollars
Speaker 1: in debt. In my personal opinion is that that's not
Speaker 1: only fiscally irresponsible, that's morally irresponsible, and so we've got
Speaker 1: to take a look at spending. We've got to take
Speaker 1: a look at how we do this all together. And
Speaker 1: I understand there are going to be pieces of this
Speaker 1: that we actually have to take a look at. So
Speaker 1: right now we're talking about ideas. When you put the
Speaker 1: plan on paper, that's when we need to take a
Speaker 1: look at, like how do these things work together. I
Speaker 1: say continually, a lot of times, particularly in government, we
Speaker 1: don't take a look at how things overlap and then
Speaker 1: take a look at the triple down effect of those
Speaker 1: We must do that look. I am on the Appropriations
Speaker 1: Committee in addition to the Banking Committee. It is frustrating
Speaker 1: to me, you know, the Appropriations Committee, which is obviously
Speaker 1: our discretionary spending, is now only twenty eight percent of
Speaker 1: what we spend. Mandatory spending has eaten it up. We're
Speaker 1: about I think seventy two percent mandatory spending. Eleven percent
Speaker 1: of that is actually interest on the debt, which is
Speaker 1: the first time it's actually been higher than what we
Speaker 1: spend on our defense capabilities. Any nation that has hit
Speaker 1: that point, as you know and have well read, begins
Speaker 1: a downclient. So we have to have a serious conversation
Speaker 1: about all of these things. What we do know is
Speaker 1: that we've got to find a way to put America's
Speaker 1: America first, put American workers first, put American families first.
Speaker 1: We live in a global market. That is clear. That's
Speaker 1: something that is obviously important. But I don't think that
Speaker 1: we are taking time to drill down on these things independently.
Speaker 1: And to your point, you're right, we're going to have
Speaker 1: to look at how do these things overlap, and then
Speaker 1: what do we do moving forward. Those are serious conversations
Speaker 1: we have to have. I have confidence that President Trump
Speaker 1: will put a good plan together and we'll be able
Speaker 1: to work diligently to get it through the House.
Speaker 3: In the Senate, right, Republican Senator Katie Britt of Alabama.
Speaker 3: Great to see you here in Milwaukee. Hopefully we'll thank
Speaker 3: thank you for having me back in Washington. We appreciate it.