1 00:00:01,760 --> 00:00:06,280 Speaker 1: Now from our nation's capital. This is Bloomberg's sound on. 2 00:00:07,120 --> 00:00:09,560 Speaker 1: You know, we always say that Democrats are the big spenders. 3 00:00:10,000 --> 00:00:14,520 Speaker 1: Were brought down the deficit. So when you send it 4 00:00:14,520 --> 00:00:20,360 Speaker 1: it's Classiberg. Week I d classified everything Bloomberg sound on politics, 5 00:00:20,440 --> 00:00:24,920 Speaker 1: policy and perspective from DC's top names. Forty six days 6 00:00:25,040 --> 00:00:28,280 Speaker 1: in the mid terms, we need to be crystal clear 7 00:00:28,640 --> 00:00:31,800 Speaker 1: about what we're what's on the ballot. It's their plan, 8 00:00:32,280 --> 00:00:34,839 Speaker 1: but they have no plan to fix all the problems 9 00:00:34,880 --> 00:00:39,800 Speaker 1: they created. Bloomberg sound on with Joe Matthew on Bloomberg Radio. 10 00:00:41,240 --> 00:00:44,440 Speaker 1: In one week, lawmakers are either going to be heading 11 00:00:44,479 --> 00:00:46,839 Speaker 1: home to gear up for the mid terms or they 12 00:00:46,840 --> 00:00:50,720 Speaker 1: are going to be stuck in D C scrambling to 13 00:00:50,920 --> 00:00:54,800 Speaker 1: keep the government open. which option is more plausible? What 14 00:00:55,040 --> 00:00:57,840 Speaker 1: needs to be done to get lawmakers to an agreement? 15 00:00:57,840 --> 00:01:01,720 Speaker 1: We're going to get answers today from Massachusetts Democratic Congressman 16 00:01:01,880 --> 00:01:07,000 Speaker 1: Jake Auction Class and Bloomberg Government's Budget Guru, Jack Fitzpatrick. Plus, 17 00:01:07,120 --> 00:01:10,119 Speaker 1: we review what Republicans will be doing if they win 18 00:01:10,160 --> 00:01:12,520 Speaker 1: the house in this November and how it could help 19 00:01:12,560 --> 00:01:15,639 Speaker 1: them or harm them in the mid terms. I'm Emily 20 00:01:15,680 --> 00:01:18,560 Speaker 1: Wilkins in today for Joe Matthew. You know, we Gott 21 00:01:18,560 --> 00:01:20,520 Speaker 1: to just take a minute, take a breath. It is 22 00:01:20,560 --> 00:01:23,160 Speaker 1: Friday afternoon and there's been a lot going on in 23 00:01:23,280 --> 00:01:25,680 Speaker 1: DC right now. We kind of thought that September might 24 00:01:25,720 --> 00:01:27,880 Speaker 1: be a bit of a quiet month. No, that is 25 00:01:27,920 --> 00:01:31,480 Speaker 1: absolutely not happening. Democrats they know they could lose the 26 00:01:31,520 --> 00:01:34,920 Speaker 1: house or the Senate, or both come November, so they're 27 00:01:34,920 --> 00:01:38,800 Speaker 1: trying to get the remaining priorities done. Just this week 28 00:01:38,840 --> 00:01:42,959 Speaker 1: we saw the house past election legislation reforming that electoral 29 00:01:43,040 --> 00:01:45,480 Speaker 1: count process, you know, the one that got interrupted on 30 00:01:45,600 --> 00:01:49,080 Speaker 1: January six by the rioters outside the Capitol, trying to 31 00:01:49,120 --> 00:01:51,320 Speaker 1: make sure that that process is a little bit more 32 00:01:51,360 --> 00:01:54,200 Speaker 1: secure in the future. The House also passed a bill 33 00:01:54,320 --> 00:01:58,040 Speaker 1: giving additional funding too smaller police departments, really trying to 34 00:01:58,080 --> 00:02:00,640 Speaker 1: combat that whole defund the police narrative of as well 35 00:02:00,680 --> 00:02:03,720 Speaker 1: as a number of public safety bills. And next week 36 00:02:04,040 --> 00:02:08,520 Speaker 1: lawmakers might actually take up legislation that could ban lawmakers 37 00:02:08,560 --> 00:02:12,240 Speaker 1: from trading stock. So a lot going on. Will of course, 38 00:02:12,320 --> 00:02:15,320 Speaker 1: they are ramping up for the mid terms. The House 39 00:02:15,360 --> 00:02:18,079 Speaker 1: only has three more legislative days until they're supposed to 40 00:02:18,120 --> 00:02:21,119 Speaker 1: be out. Through all of October out until the election. 41 00:02:21,800 --> 00:02:23,960 Speaker 1: To catch up with all of this, I spoke with 42 00:02:24,040 --> 00:02:27,919 Speaker 1: Congressman Jake Awesome class today. I began by asking him 43 00:02:28,160 --> 00:02:33,200 Speaker 1: how likely a shutdown was. Unlikely. I have confidence that 44 00:02:34,360 --> 00:02:38,080 Speaker 1: we're gonna be able to pass a continuing resolution to 45 00:02:38,280 --> 00:02:41,480 Speaker 1: fund the Government until at least a lame duck session 46 00:02:41,680 --> 00:02:48,480 Speaker 1: of Congress. And if there are breakdowns, I'm equally confident 47 00:02:48,520 --> 00:02:50,920 Speaker 1: that it's going to be coming from the House Freedom 48 00:02:50,960 --> 00:02:54,160 Speaker 1: Caucus on the on the GOP side, they've already been 49 00:02:55,240 --> 00:02:59,120 Speaker 1: telling their leadership that they don't want any deal, and 50 00:03:00,280 --> 00:03:04,000 Speaker 1: that's the kind of irresponsible rhetoric that Americans could expect 51 00:03:04,080 --> 00:03:06,760 Speaker 1: if Kenna McCarthy was going to hold a gavel next term. 52 00:03:06,800 --> 00:03:10,919 Speaker 1: It just puts into clear focus what it could look 53 00:03:10,960 --> 00:03:14,639 Speaker 1: like to have extremist control of the House of Representatives 54 00:03:14,639 --> 00:03:17,240 Speaker 1: next term, and I definitely want to talk about that 55 00:03:17,320 --> 00:03:19,720 Speaker 1: in a minute because I know Republicans are actually rolling 56 00:03:19,760 --> 00:03:23,200 Speaker 1: out their their potential agenda today. But before I get there, 57 00:03:23,240 --> 00:03:25,760 Speaker 1: I do want to just stick on this conversation about 58 00:03:25,800 --> 00:03:29,040 Speaker 1: this continuing to fund the government, because there could be 59 00:03:29,080 --> 00:03:32,520 Speaker 1: a couple additional things that are added to that package. 60 00:03:32,880 --> 00:03:35,880 Speaker 1: I know one of them is aid for Ukraine. They 61 00:03:35,920 --> 00:03:39,000 Speaker 1: want more of that added into this continuing resolution. You 62 00:03:39,080 --> 00:03:42,680 Speaker 1: served in the Marines, you were in Afghanistan, so you 63 00:03:42,760 --> 00:03:44,920 Speaker 1: know a lot about the military and sort of how 64 00:03:44,960 --> 00:03:48,880 Speaker 1: important aid is needed in these situations. How critical is 65 00:03:48,920 --> 00:03:52,040 Speaker 1: it that you aid for Ukraine is in this overall 66 00:03:52,080 --> 00:03:55,920 Speaker 1: funding package? Absolutely essential. I'm in full support of this 67 00:03:56,400 --> 00:04:00,000 Speaker 1: roughly twelve billion dollar requests from the president to provide 68 00:04:00,240 --> 00:04:04,120 Speaker 1: further military and economic support for the Ukrainians. It's important 69 00:04:04,160 --> 00:04:05,920 Speaker 1: for us to zoom out and just put into context 70 00:04:05,960 --> 00:04:10,520 Speaker 1: what's happening right now in Ukraine. President Biden's leadership has 71 00:04:10,560 --> 00:04:12,800 Speaker 1: made clear to the world that the United States is 72 00:04:12,800 --> 00:04:15,960 Speaker 1: gonna work to uphold the post war rules based order 73 00:04:16,000 --> 00:04:18,400 Speaker 1: that has spread peace and prosperity to ever more people, 74 00:04:19,240 --> 00:04:22,800 Speaker 1: and he has kept NATO hanging together, along with our 75 00:04:22,800 --> 00:04:27,240 Speaker 1: East Asian allies during a tremendously challenging six months strength stretch. 76 00:04:28,080 --> 00:04:30,840 Speaker 1: Most importantly, though, of course, has been the will and 77 00:04:30,880 --> 00:04:34,000 Speaker 1: the resolve and the fighting spirit of the Ukrainian people themselves, 78 00:04:34,040 --> 00:04:38,080 Speaker 1: under the terrific leadership of Presidents Lanski uh they are 79 00:04:38,120 --> 00:04:42,640 Speaker 1: winning right now that war. They have rolled up the 80 00:04:42,680 --> 00:04:46,719 Speaker 1: northern flank of the Russian forces in Ukraine. They are 81 00:04:46,800 --> 00:04:52,760 Speaker 1: proceeding in grinding progress in southern Ukraine and Vladimir Putin 82 00:04:52,839 --> 00:04:56,040 Speaker 1: is back on his heels. Yes, certainly we we've definitely 83 00:04:56,080 --> 00:04:59,440 Speaker 1: seen uh Ukraine really pushed back and we've seen Al 84 00:04:59,480 --> 00:05:03,160 Speaker 1: Boutin has responded to that Um moving on a little 85 00:05:03,200 --> 00:05:06,000 Speaker 1: bit from the continuing resolution, I also wanted to make 86 00:05:06,000 --> 00:05:07,960 Speaker 1: sure that we touched on a potential bill to go 87 00:05:08,040 --> 00:05:11,919 Speaker 1: next week that would ban lawmakers from trading stocks. This 88 00:05:11,960 --> 00:05:14,560 Speaker 1: has kind of been a very contentious topic in the 89 00:05:14,680 --> 00:05:17,840 Speaker 1: last year or so. How important is this bill to 90 00:05:17,880 --> 00:05:20,320 Speaker 1: be voted on before the mid term? Since you guys 91 00:05:20,320 --> 00:05:22,520 Speaker 1: only have three days left, the most important thing is 92 00:05:22,560 --> 00:05:24,800 Speaker 1: that we passed it period. I'm a CO sponsor of 93 00:05:24,800 --> 00:05:27,800 Speaker 1: this legislation. Members of Congress should not be trading stocks 94 00:05:28,040 --> 00:05:31,840 Speaker 1: at a time when Americans trust in federal institutions is 95 00:05:32,000 --> 00:05:34,159 Speaker 1: lower than it's ever been in my lifetime. This is 96 00:05:34,160 --> 00:05:37,600 Speaker 1: a concrete measure that we can take to improve Americans 97 00:05:37,600 --> 00:05:40,120 Speaker 1: confidence in their lawmakers. And do you have any sense 98 00:05:40,160 --> 00:05:41,520 Speaker 1: that if this is actually going to be going to 99 00:05:41,560 --> 00:05:43,800 Speaker 1: the floor next week? I know that House leaders were 100 00:05:43,839 --> 00:05:47,839 Speaker 1: saying maybe yesterday. I'm certainly, you know, advocating that it 101 00:05:47,880 --> 00:05:50,599 Speaker 1: gets there, but there's always zigs and zags. But the 102 00:05:50,640 --> 00:05:52,440 Speaker 1: critical thing is that we passed it. Whether it's for 103 00:05:52,560 --> 00:05:54,680 Speaker 1: the mid terms, whether it's the lame duck session, we've 104 00:05:54,680 --> 00:05:56,599 Speaker 1: got the votes to do it. Let's get this to 105 00:05:56,640 --> 00:05:58,280 Speaker 1: the floor and let's make this the law on the land. 106 00:05:58,480 --> 00:06:01,159 Speaker 1: I know that the Republicans are also they're in Pittsburgh today. 107 00:06:01,279 --> 00:06:03,560 Speaker 1: They're rolling out their priorities for what they would do 108 00:06:03,680 --> 00:06:07,440 Speaker 1: if they control the house in I know also majority 109 00:06:07,520 --> 00:06:11,560 Speaker 1: leader stunny Hoyer, for scores headed with the Democratic House Democrats, 110 00:06:11,560 --> 00:06:13,839 Speaker 1: was in Pittsburgh and he was talking about what Democrats 111 00:06:13,920 --> 00:06:17,920 Speaker 1: have done, but less about what they will do. Do 112 00:06:18,000 --> 00:06:21,120 Speaker 1: Democrats need to have more of a forward facing message 113 00:06:21,200 --> 00:06:23,480 Speaker 1: for what they would do if they do hold out 114 00:06:23,560 --> 00:06:27,760 Speaker 1: onto the house next year. Democrats messages that we are 115 00:06:27,920 --> 00:06:31,000 Speaker 1: legislating for the people and for progress, and we have 116 00:06:31,080 --> 00:06:35,320 Speaker 1: demonstrated that in Seventeen Congress came into office facing worst 117 00:06:35,320 --> 00:06:38,880 Speaker 1: pandemics uh since World War One, worst crisis in our 118 00:06:38,880 --> 00:06:41,840 Speaker 1: democracy since the civil war, most complicated economy since World 119 00:06:41,880 --> 00:06:45,119 Speaker 1: War Two, and since then our economy has grown faster 120 00:06:45,160 --> 00:06:48,040 Speaker 1: than China's for the first time in my lifetime and 121 00:06:48,240 --> 00:06:50,920 Speaker 1: we have put the pandemic in the rear view mirror, uh, 122 00:06:51,000 --> 00:06:54,600 Speaker 1: and we are holding trump and his cronies to account, 123 00:06:55,480 --> 00:06:59,440 Speaker 1: both in Congress and through the legal system. We are 124 00:06:59,520 --> 00:07:02,640 Speaker 1: healing country in this economy, and we have done so 125 00:07:03,320 --> 00:07:07,440 Speaker 1: partly with generational investments in infrastructure, in science and engineering 126 00:07:07,440 --> 00:07:11,360 Speaker 1: and domestic manufacturing and mooring healthcare costs. That's a lot 127 00:07:11,440 --> 00:07:13,200 Speaker 1: of things, if you don't mind to interrupting, I mean 128 00:07:13,240 --> 00:07:15,240 Speaker 1: that's a lot of things that Democrats have already done 129 00:07:15,240 --> 00:07:17,400 Speaker 1: this year. You guys have passed a ton of bills. 130 00:07:17,720 --> 00:07:20,400 Speaker 1: I mean, is this a matter of do Democrats just 131 00:07:20,440 --> 00:07:22,440 Speaker 1: need to sort of hit home to Americans all the 132 00:07:22,480 --> 00:07:24,720 Speaker 1: things that they've done? Do the American people still not 133 00:07:24,800 --> 00:07:27,520 Speaker 1: recognize that yet, or do Democrats need to be talking 134 00:07:27,560 --> 00:07:30,080 Speaker 1: about what they would do if they continue to hold 135 00:07:30,080 --> 00:07:34,480 Speaker 1: the House next year? Results matter even more than rhetoric. 136 00:07:34,720 --> 00:07:37,720 Speaker 1: Right now, the GOP has rhetoric. The GOP has rhetoric 137 00:07:38,080 --> 00:07:41,880 Speaker 1: about criminalizing abortion at the federal level. We've seen that 138 00:07:41,920 --> 00:07:44,200 Speaker 1: with Lindsay Graham's bill that basically makes it so that 139 00:07:44,240 --> 00:07:48,160 Speaker 1: women have to consult h Lindsay Graham as well as 140 00:07:48,160 --> 00:07:51,520 Speaker 1: their physician to make decisions about their own reproductive care. Uh. 141 00:07:51,720 --> 00:07:54,480 Speaker 1: The GOP has rhetoric about election denial. The GOP has 142 00:07:54,800 --> 00:07:57,760 Speaker 1: rhetoric about arming teachers. The GOP has no plan. The 143 00:07:57,800 --> 00:08:01,040 Speaker 1: Democrats have passed policy in a hundred eventeen congress to 144 00:08:01,560 --> 00:08:05,160 Speaker 1: meaningfully improve this country in Americans lives, and we are 145 00:08:05,160 --> 00:08:07,440 Speaker 1: going to continue to work to lower healthcare costs and 146 00:08:07,520 --> 00:08:11,000 Speaker 1: to build our infrastructure and our domestic manufacturing base. Uh, 147 00:08:11,160 --> 00:08:15,120 Speaker 1: if Americans reentrust us with the gavel, do you think 148 00:08:15,120 --> 00:08:18,920 Speaker 1: most of your of your constituents, understand everything that Democrats 149 00:08:18,960 --> 00:08:21,120 Speaker 1: have been able to accomplish, because I know that I've 150 00:08:21,160 --> 00:08:23,240 Speaker 1: spoken to some folks when I've been on the campaign 151 00:08:23,240 --> 00:08:25,880 Speaker 1: trail who weren't even aware that the congress passed the 152 00:08:25,920 --> 00:08:28,760 Speaker 1: infrastructure bill, let alone all of the other stuff that 153 00:08:28,760 --> 00:08:31,720 Speaker 1: you've done in recent months. There's no question that it's 154 00:08:31,760 --> 00:08:36,160 Speaker 1: it is always hard to communicate in an ever noisier environment. 155 00:08:36,320 --> 00:08:41,200 Speaker 1: Right the media landscape is fractured. People are consuming news 156 00:08:41,240 --> 00:08:44,680 Speaker 1: and ever more formats and ever more sources of media, 157 00:08:44,840 --> 00:08:46,920 Speaker 1: and so it is it's hard to communicate what the 158 00:08:46,960 --> 00:08:48,840 Speaker 1: results have been. At the end of the day, though, 159 00:08:49,280 --> 00:08:52,600 Speaker 1: people do feel their pocketbook and they do feel the 160 00:08:52,600 --> 00:08:55,920 Speaker 1: decisions they're making into kitchen table, and that's where I 161 00:08:55,920 --> 00:08:58,760 Speaker 1: think Democrats have to continue to deliver, particularly, I want 162 00:08:58,760 --> 00:09:02,520 Speaker 1: to say, on healthcare costs. We just passed the legislation 163 00:09:02,640 --> 00:09:05,400 Speaker 1: for any Medicare beneficiary, they're not gonna pay more than 164 00:09:05,440 --> 00:09:07,240 Speaker 1: thirty five dollars a month for their insulin. I'm not 165 00:09:07,280 --> 00:09:08,920 Speaker 1: going to pay more than two thousand dollars a year 166 00:09:08,960 --> 00:09:14,520 Speaker 1: for their prescription drugs. That is impactful directly to people's 167 00:09:14,600 --> 00:09:16,320 Speaker 1: Day in, day out budgeting. You don't have to see 168 00:09:16,320 --> 00:09:18,440 Speaker 1: that on facebook page. You feel that at the kitchen 169 00:09:18,440 --> 00:09:20,880 Speaker 1: table we're going to continue to work on results like that. 170 00:09:21,520 --> 00:09:23,760 Speaker 1: I also wanted to ask congressman about something that's a 171 00:09:23,760 --> 00:09:26,160 Speaker 1: little bit closer to to your home. I Know Martha's 172 00:09:26,240 --> 00:09:29,360 Speaker 1: Vineyard isn't in your district, but you're nearby and of 173 00:09:29,400 --> 00:09:31,280 Speaker 1: course it's been in the news a lot this past 174 00:09:31,320 --> 00:09:35,320 Speaker 1: week after Florida Governor Rhonda Santists flew plainfuls of migrants 175 00:09:35,360 --> 00:09:37,320 Speaker 1: to the island. He was trying to make a point, 176 00:09:37,360 --> 00:09:39,960 Speaker 1: of course, about immigration and there's been a lot of 177 00:09:40,000 --> 00:09:42,960 Speaker 1: discussion over about what do santists and others are doing. 178 00:09:43,120 --> 00:09:45,680 Speaker 1: I want to shift the conversation just a little bit. 179 00:09:46,040 --> 00:09:48,760 Speaker 1: The New York Times has reporting that for the first time, 180 00:09:49,160 --> 00:09:52,280 Speaker 1: the arrest of immigrants at the southwest border has exceeded 181 00:09:52,320 --> 00:09:56,480 Speaker 1: two million. Does Congress need to be responding to this 182 00:09:56,679 --> 00:10:02,120 Speaker 1: increase of immigrants coming to our southwest border? Yes, and 183 00:10:02,320 --> 00:10:05,719 Speaker 1: we've been trying to for twenty years and there has 184 00:10:05,800 --> 00:10:10,480 Speaker 1: never been, since the first Bush, excuse me for since 185 00:10:10,559 --> 00:10:14,800 Speaker 1: George W Bush's first term, a good faith Republican response. 186 00:10:15,480 --> 00:10:21,439 Speaker 1: We are willing to pass comprehensive and immigration reform that 187 00:10:21,440 --> 00:10:24,360 Speaker 1: creates a pathway to citizenship for those who have built 188 00:10:24,400 --> 00:10:27,320 Speaker 1: lives in this country, who are contributing to the economy 189 00:10:27,440 --> 00:10:30,160 Speaker 1: right now and who don't have documentation that allows them 190 00:10:30,160 --> 00:10:32,880 Speaker 1: to feel safe and secure in their own communities, as 191 00:10:32,880 --> 00:10:37,480 Speaker 1: well as putting more UH infrastructure and personnel resources at 192 00:10:37,480 --> 00:10:40,480 Speaker 1: the border, because we need a secure border, and investing 193 00:10:40,520 --> 00:10:44,280 Speaker 1: in the triangle countries where poverty and crime are driving 194 00:10:44,320 --> 00:10:48,000 Speaker 1: an exodus. We know what to do and through his 195 00:10:48,040 --> 00:10:50,360 Speaker 1: executive actions, President Biden is doing as much of it 196 00:10:50,360 --> 00:10:53,319 Speaker 1: as he can. Ultimately, this does require Congress to act. 197 00:10:53,480 --> 00:10:57,120 Speaker 1: Democrats have put forward legislation term after term after term, 198 00:10:57,160 --> 00:11:00,240 Speaker 1: and the GOP Freedom Caucus, their right wing, never wants 199 00:11:00,280 --> 00:11:02,600 Speaker 1: to do it and they don't want to do it because, frankly, 200 00:11:02,640 --> 00:11:04,320 Speaker 1: it's easier for them to camp paign on this issue 201 00:11:04,320 --> 00:11:07,080 Speaker 1: than it is to government on this issue. That was 202 00:11:07,120 --> 00:11:10,280 Speaker 1: Congressman Jake Agin Claus joined me a little bit earlier today, 203 00:11:10,640 --> 00:11:14,839 Speaker 1: Democrat from Massachusetts, very much in the mix right now 204 00:11:14,960 --> 00:11:17,440 Speaker 1: with what is going on in Congress and making the 205 00:11:17,480 --> 00:11:20,240 Speaker 1: case there that Democrats do still have a ways to 206 00:11:20,280 --> 00:11:23,400 Speaker 1: go in letting voters know what they have done in 207 00:11:23,559 --> 00:11:26,440 Speaker 1: D c. But Congressman, of course, was confident that if 208 00:11:26,480 --> 00:11:29,319 Speaker 1: Democrats can just focus on that message, on what they delivered, 209 00:11:29,559 --> 00:11:32,760 Speaker 1: they'll have a better shot of winning this November. Republicans 210 00:11:32,880 --> 00:11:35,440 Speaker 1: are taking a different tack. They've been the minority, so 211 00:11:35,480 --> 00:11:37,679 Speaker 1: they can't point to a lot of things they've accomplished, 212 00:11:37,920 --> 00:11:39,880 Speaker 1: but they did roll out a plan this year for 213 00:11:39,960 --> 00:11:42,440 Speaker 1: what they will be doing next year and we're gonna 214 00:11:42,480 --> 00:11:44,720 Speaker 1: dig into that a little bit later in the show, 215 00:11:44,760 --> 00:11:46,840 Speaker 1: but first we got to let you know how to 216 00:11:46,920 --> 00:11:51,120 Speaker 1: watch that big shutdown showdown next week and we'll be 217 00:11:51,160 --> 00:11:53,840 Speaker 1: assembling the panel. There's been so much in the headlines 218 00:11:53,880 --> 00:11:56,880 Speaker 1: about immigrants being bussed to cities through the US. These 219 00:11:56,920 --> 00:12:00,160 Speaker 1: are real people, though there's real policy behind it. We're 220 00:12:00,160 --> 00:12:03,360 Speaker 1: gonna do a deep dive into that one next. I'm 221 00:12:03,400 --> 00:12:14,640 Speaker 1: Emily Wilkins. This is Bloomberg. You're listening to Bloomberg sound 222 00:12:14,679 --> 00:12:20,319 Speaker 1: on with Joe Matthew on Bloomberg Radio. In the last 223 00:12:20,360 --> 00:12:25,600 Speaker 1: several elections, Republicans have successfully made immigration a key issue 224 00:12:26,000 --> 00:12:28,400 Speaker 1: and they are doing so again this year with the 225 00:12:28,480 --> 00:12:31,760 Speaker 1: mid terms, and particularly in the last few weeks this 226 00:12:31,840 --> 00:12:34,840 Speaker 1: has been a giant topic of discussion because we've seen 227 00:12:34,880 --> 00:12:38,360 Speaker 1: the bus loads of immigrants and playing loads of immigrants 228 00:12:38,400 --> 00:12:42,559 Speaker 1: heading to cities like New York City, D C Martha's Vineyard, 229 00:12:42,920 --> 00:12:45,280 Speaker 1: and the result is that immigration has really commentto the 230 00:12:45,360 --> 00:12:50,120 Speaker 1: national spotlight again. California Governor Gavin newsome, Democrat, has called 231 00:12:50,160 --> 00:12:54,600 Speaker 1: for a federal investigation into whether his Republicans counterparts have 232 00:12:54,800 --> 00:12:58,360 Speaker 1: violated the law. He spoke with Bloomberg's David Weston earlier 233 00:12:58,400 --> 00:13:01,600 Speaker 1: this week the house. Happened to the Republican Party that 234 00:13:01,640 --> 00:13:05,040 Speaker 1: are mothering and these poor victims that are legally seeking 235 00:13:05,040 --> 00:13:07,480 Speaker 1: a silent and then calling them aliens and using them 236 00:13:07,480 --> 00:13:10,880 Speaker 1: as pause? I mean, it's really it's just a disgrace, 237 00:13:10,920 --> 00:13:13,240 Speaker 1: but I get it because we haven't owned up as 238 00:13:13,280 --> 00:13:16,560 Speaker 1: a country in the past today and it doesn't even 239 00:13:16,559 --> 00:13:19,920 Speaker 1: appear tomorrow. There's a willingness to have the conversation we 240 00:13:19,960 --> 00:13:23,240 Speaker 1: need to have, so let's go ahead and have that conversation. 241 00:13:23,320 --> 00:13:25,240 Speaker 1: I know there's been a lot of discussion this week 242 00:13:25,520 --> 00:13:29,320 Speaker 1: about the morality behind using immigrants. This sort of part 243 00:13:29,360 --> 00:13:32,960 Speaker 1: of this political showmanship about whether this is a valid 244 00:13:32,960 --> 00:13:35,839 Speaker 1: concern or not, but I didn't want to actually dig 245 00:13:35,960 --> 00:13:38,480 Speaker 1: into a little bit of the actual issue and to 246 00:13:38,600 --> 00:13:42,840 Speaker 1: do that bringing in our panel Bloomberg Contributors Jeanne Shehanzano 247 00:13:43,000 --> 00:13:45,480 Speaker 1: and Rick Davis. Thank you both so much for taking 248 00:13:45,480 --> 00:13:47,920 Speaker 1: the time and joining me today, and I just wanted 249 00:13:47,920 --> 00:13:51,240 Speaker 1: to start off by referencing Um what I a bet 250 00:13:51,240 --> 00:13:54,240 Speaker 1: of what I did with with Congressman Augent class, that 251 00:13:54,320 --> 00:13:58,199 Speaker 1: we are seeing in influx in immigrants coming to the border. 252 00:13:58,600 --> 00:14:00,800 Speaker 1: Is there a sense of what is leading to that 253 00:14:01,000 --> 00:14:06,000 Speaker 1: right now? Well, I think obviously one of the things 254 00:14:06,000 --> 00:14:08,960 Speaker 1: that's driving Um uh so much activity on the border 255 00:14:09,040 --> 00:14:12,960 Speaker 1: is economic opportunity. Uh. These people are all coming, immigrating 256 00:14:13,000 --> 00:14:17,200 Speaker 1: from economies around the region that have been, you know, 257 00:14:17,360 --> 00:14:20,600 Speaker 1: really hard hit by the pandemic uh and for the 258 00:14:20,680 --> 00:14:25,160 Speaker 1: lack of economic economic opportunity being created by the leadership 259 00:14:25,200 --> 00:14:29,360 Speaker 1: and the governance of their countries, and so they're voting 260 00:14:29,360 --> 00:14:31,240 Speaker 1: with their feet, they're getting up and they're moving and 261 00:14:31,240 --> 00:14:33,720 Speaker 1: they're going to the place that, regardless of how you 262 00:14:33,760 --> 00:14:37,400 Speaker 1: look at it, is a better potential economic opportunity for 263 00:14:37,440 --> 00:14:39,840 Speaker 1: them and their families and they have at home. That 264 00:14:40,000 --> 00:14:43,720 Speaker 1: usually is one of the principal drivers. And so u 265 00:14:43,840 --> 00:14:47,680 Speaker 1: the fact that our economy is surviving uh, post covid period, 266 00:14:47,800 --> 00:14:52,080 Speaker 1: and even the inflationary pressures that it's under uh, frankly, 267 00:14:52,080 --> 00:14:54,240 Speaker 1: don't compare to what's happening in other parts of the world, 268 00:14:55,200 --> 00:14:58,600 Speaker 1: especially in our own region, where some of the inflation 269 00:14:58,720 --> 00:15:02,360 Speaker 1: rates are, you know, approaching a hundred percent in some 270 00:15:02,400 --> 00:15:05,280 Speaker 1: countries south of our border. Um, you know, this is 271 00:15:05,400 --> 00:15:07,960 Speaker 1: this is maybe they're one shot at at creating an 272 00:15:07,960 --> 00:15:12,320 Speaker 1: opportunity for their families. Absolutely, and, Jennie, I know that 273 00:15:12,480 --> 00:15:15,600 Speaker 1: Congressman alkinclaus said that Democrats do need to address the 274 00:15:15,640 --> 00:15:17,640 Speaker 1: increasing number of immigrants that we are seeing at the 275 00:15:17,680 --> 00:15:21,080 Speaker 1: southern border. It seems like both Republicans and Democrats think 276 00:15:21,160 --> 00:15:24,320 Speaker 1: this is an issue. Why, at this point, have we 277 00:15:24,400 --> 00:15:29,120 Speaker 1: seen so little done legislatively to address immigration through the 278 00:15:29,120 --> 00:15:32,400 Speaker 1: southern border. I thought you had a really good conversation 279 00:15:32,840 --> 00:15:35,680 Speaker 1: with the congressman and I thought he laid it out beautifully. Um, 280 00:15:35,760 --> 00:15:38,480 Speaker 1: one of the aspects that the Democrats have talked about 281 00:15:38,840 --> 00:15:42,840 Speaker 1: has been this investment in the triangle countries where you're seeing, 282 00:15:42,880 --> 00:15:45,680 Speaker 1: as as rick was just talking about, issues of the economy, 283 00:15:45,760 --> 00:15:49,440 Speaker 1: issues of crime, quite frankly, corruption and poverty all are 284 00:15:49,520 --> 00:15:53,560 Speaker 1: driving these massive waves of immigration. And you're absolutely right. 285 00:15:53,920 --> 00:15:57,080 Speaker 1: The numbers are over, you know well over what we've 286 00:15:57,080 --> 00:15:59,040 Speaker 1: seen in the past. But we have to think back 287 00:15:59,040 --> 00:16:00,680 Speaker 1: that this has been a problem them to your point 288 00:16:00,680 --> 00:16:03,840 Speaker 1: for many, many decades. We've seen several attempts to address 289 00:16:03,880 --> 00:16:08,200 Speaker 1: it and everybody agrees it's a problem. Donald trump campaigned 290 00:16:08,200 --> 00:16:12,360 Speaker 1: on it, George W Bush campaigned on it, Barack Obama campaign. 291 00:16:12,680 --> 00:16:16,240 Speaker 1: The problem has been getting Congress to come together and 292 00:16:16,320 --> 00:16:19,760 Speaker 1: agree on what would be a solid, you know, way 293 00:16:19,800 --> 00:16:22,400 Speaker 1: to approach it. And the politics of this right now 294 00:16:22,440 --> 00:16:25,440 Speaker 1: are that it benefits Republicans to talk about it in 295 00:16:25,480 --> 00:16:29,160 Speaker 1: a midterm year. Um, you know the latest NBC News Poll. 296 00:16:29,600 --> 00:16:34,400 Speaker 1: It's astounding numbers the Republicans. Fifty six percent of Americans 297 00:16:34,400 --> 00:16:36,880 Speaker 1: say that they are the best at dealing with border 298 00:16:36,920 --> 00:16:39,960 Speaker 1: security that's closing in at six out of ten Americans. 299 00:16:40,000 --> 00:16:42,760 Speaker 1: That's the best issue they have. And fourth is dealing 300 00:16:42,840 --> 00:16:45,600 Speaker 1: with immigration more broadly. So it makes sense for them 301 00:16:45,600 --> 00:16:48,920 Speaker 1: to talk about it and Democrats have to come up 302 00:16:49,000 --> 00:16:51,600 Speaker 1: with an answer for that and to show that they 303 00:16:51,640 --> 00:16:54,200 Speaker 1: have a policy. They've not been able to do that 304 00:16:54,240 --> 00:16:58,400 Speaker 1: in recent history. Rick, if the American People Trust Republicans 305 00:16:58,440 --> 00:17:01,040 Speaker 1: more when it comes to handling and agration, is there 306 00:17:01,040 --> 00:17:03,760 Speaker 1: a chance then we we if we see Republicans take 307 00:17:03,800 --> 00:17:06,960 Speaker 1: the house potentially take the Senate, that they might actually 308 00:17:07,000 --> 00:17:10,960 Speaker 1: start working on immigration legislation that could potentially actually be 309 00:17:11,000 --> 00:17:13,560 Speaker 1: signed into law by Biden? Or is that just too 310 00:17:13,640 --> 00:17:16,200 Speaker 1: much to expect for for the current level of partisanship 311 00:17:16,240 --> 00:17:18,720 Speaker 1: we have in D C? Yeah, I mean, you know, look, 312 00:17:18,800 --> 00:17:21,399 Speaker 1: the reality, is genie said, is that they're beloved and 313 00:17:21,440 --> 00:17:24,359 Speaker 1: a lot of people, including Republicans like George W Bush 314 00:17:24,359 --> 00:17:27,399 Speaker 1: and John McCain, who had comprehensive immigration proposes and couldn't 315 00:17:27,400 --> 00:17:30,119 Speaker 1: get them, couldn't get enough support within their own party 316 00:17:30,200 --> 00:17:33,640 Speaker 1: to pass them, and so the likelihood that a congress 317 00:17:33,720 --> 00:17:37,800 Speaker 1: potentially run by Kevin McCarthy would be able to generate 318 00:17:37,960 --> 00:17:42,920 Speaker 1: a comprehensive immigration plan that would accommodate all the challenges 319 00:17:42,960 --> 00:17:45,640 Speaker 1: that we have, not just the border but the over 320 00:17:45,680 --> 00:17:49,879 Speaker 1: eleven million um illegal immigrants that occupy space in our 321 00:17:49,920 --> 00:17:52,639 Speaker 1: economy and our schools and our churches and our in 322 00:17:52,720 --> 00:17:55,720 Speaker 1: our in our health care facilities. Uh, what do we 323 00:17:55,760 --> 00:17:58,520 Speaker 1: do with them? Today, the dreamers and and and and 324 00:17:58,720 --> 00:18:01,800 Speaker 1: correcting some of the legislator of problems associated with that. 325 00:18:02,080 --> 00:18:05,680 Speaker 1: I don't see a Republican initiative. Certainly wasn't in Kevin 326 00:18:05,760 --> 00:18:09,240 Speaker 1: McCarthy's plan for his commitment to America. Today I think 327 00:18:09,280 --> 00:18:11,399 Speaker 1: the only talking point we have is we need to 328 00:18:11,400 --> 00:18:14,600 Speaker 1: close a border, and the reality is we did that 329 00:18:14,680 --> 00:18:18,080 Speaker 1: under Donald Trump and it did not, uh, significantly stem 330 00:18:18,200 --> 00:18:21,280 Speaker 1: the flow of immigration in the United States. And we 331 00:18:21,359 --> 00:18:24,080 Speaker 1: still need, guess, workers, we still need the kind of 332 00:18:24,600 --> 00:18:29,320 Speaker 1: Um labor force that immigration can produce for us. So 333 00:18:30,040 --> 00:18:35,919 Speaker 1: I unfortunately don't see the potential for a real solution 334 00:18:35,960 --> 00:18:39,320 Speaker 1: to this in the near term. Well, Rick, Rick Geenie, 335 00:18:39,400 --> 00:18:41,399 Speaker 1: thank you, guys both so much. We'll we'll convene a 336 00:18:41,400 --> 00:18:43,639 Speaker 1: little bit later, but first we're gonna go back to 337 00:18:43,680 --> 00:18:47,200 Speaker 1: talking about the critical role of funding the government. Jack 338 00:18:47,280 --> 00:18:50,160 Speaker 1: Fitzpatrick is going to be joining US walking us through 339 00:18:50,359 --> 00:18:53,199 Speaker 1: what to be watching next week and whether energy permitting 340 00:18:53,280 --> 00:18:59,680 Speaker 1: reform will get enough votes to become law. This is Bloomberg. Well, 341 00:18:59,720 --> 00:19:02,240 Speaker 1: if you are a sound on regular listener, you know 342 00:19:02,400 --> 00:19:04,840 Speaker 1: him as your favorite guest host. If you are an 343 00:19:04,840 --> 00:19:07,320 Speaker 1: avid follower of federal spending, you know him as the 344 00:19:07,359 --> 00:19:10,320 Speaker 1: author of Bloomberg Government's budget briefing. And if you have 345 00:19:10,520 --> 00:19:13,159 Speaker 1: never heard of Jack Fitzpatrick, I am so sorry. We're 346 00:19:13,160 --> 00:19:16,160 Speaker 1: going to fix that right now. Jack Fitzpatrick joins us 347 00:19:16,160 --> 00:19:19,840 Speaker 1: in the DC studio. Hey Jack, happy Friday. Happy Friday. 348 00:19:19,920 --> 00:19:22,159 Speaker 1: I only have one job right now and it is 349 00:19:22,200 --> 00:19:25,440 Speaker 1: to answer your questions about the continuing resolution, and I'm 350 00:19:25,480 --> 00:19:27,879 Speaker 1: sure you are going to do a fabulous job at it. 351 00:19:27,960 --> 00:19:29,880 Speaker 1: Really there are very few people, I think, in DC 352 00:19:30,000 --> 00:19:33,880 Speaker 1: who followed this process as closely as Jack does. So Jack, 353 00:19:33,920 --> 00:19:36,480 Speaker 1: just give us the basic overview right now. Where do 354 00:19:36,520 --> 00:19:39,119 Speaker 1: we stand in terms of the getting the government funded 355 00:19:39,160 --> 00:19:42,280 Speaker 1: by next Friday, September? I don't think there's going to 356 00:19:42,320 --> 00:19:45,360 Speaker 1: be a shut down, but they are going to do 357 00:19:45,400 --> 00:19:48,399 Speaker 1: this pretty last minute, it seems. Keep in mind Rasha 358 00:19:48,440 --> 00:19:51,040 Speaker 1: Shana is coming up. So the procedural vote that they 359 00:19:51,040 --> 00:19:52,359 Speaker 1: have to have in the Senate is going to be 360 00:19:52,440 --> 00:19:56,600 Speaker 1: late Tuesday. So between a holiday at the beginning of 361 00:19:56,800 --> 00:19:59,639 Speaker 1: next week, as well as the debate over whether to 362 00:19:59,760 --> 00:20:03,919 Speaker 1: a hatch Joe Mansion's energy permitting bill, to this stop 363 00:20:03,960 --> 00:20:07,359 Speaker 1: gap uh, it seems that the Senate is taking their time. 364 00:20:07,720 --> 00:20:11,840 Speaker 1: They are going to get around to this Tuesday, Wednesday, 365 00:20:11,880 --> 00:20:14,639 Speaker 1: Thursday ish next week and then send it to the 366 00:20:14,680 --> 00:20:16,600 Speaker 1: House and the House is going to have to act 367 00:20:16,680 --> 00:20:19,840 Speaker 1: as fast as possible and hopefully nothing goes very, very 368 00:20:19,840 --> 00:20:22,600 Speaker 1: wrong when they do this last minute. There's always the 369 00:20:22,680 --> 00:20:25,280 Speaker 1: chance that, you know, they rely on unanimous consent for 370 00:20:25,320 --> 00:20:28,200 Speaker 1: a quick vote in the Senate. If Rand Paul or 371 00:20:28,280 --> 00:20:30,880 Speaker 1: somebody individually wants to shut the government down, they would 372 00:20:30,920 --> 00:20:33,919 Speaker 1: probably be able to. But I haven't heard of anybody saying, 373 00:20:34,200 --> 00:20:36,880 Speaker 1: you know, threatening a shutdown and it sounds like they're 374 00:20:36,880 --> 00:20:38,560 Speaker 1: going to get moving. But it is going to be 375 00:20:38,560 --> 00:20:41,640 Speaker 1: a last minute kind of series of procedures in both chambers. 376 00:20:41,720 --> 00:20:44,040 Speaker 1: So it sounds like Rand Paul might stand down this 377 00:20:44,119 --> 00:20:47,160 Speaker 1: time allow everyone to actually get the government funded. We 378 00:20:47,160 --> 00:20:49,000 Speaker 1: we never know for sure. It could you know, I 379 00:20:49,040 --> 00:20:52,359 Speaker 1: say Rand Paul because he often demands an amendment vote 380 00:20:52,359 --> 00:20:54,760 Speaker 1: on this or that in exchange for allowing a quick 381 00:20:54,840 --> 00:20:57,480 Speaker 1: vote in the Senate. There was a brief shut down 382 00:20:57,560 --> 00:21:00,000 Speaker 1: or a brief lapse of appropriations a few years ago 383 00:21:00,480 --> 00:21:02,720 Speaker 1: solely because of him, but it could be anybody. So 384 00:21:02,760 --> 00:21:06,000 Speaker 1: we will have to see. Last minute, does anybody raise 385 00:21:06,040 --> 00:21:08,320 Speaker 1: their hand and say, actually, I object to doing this 386 00:21:08,400 --> 00:21:11,719 Speaker 1: quickly because I want a vote on, uh, you know, 387 00:21:12,240 --> 00:21:14,920 Speaker 1: a holiday named after myself or whatever you want? That's 388 00:21:14,960 --> 00:21:16,520 Speaker 1: the way the Senate works. Is We are at the 389 00:21:16,520 --> 00:21:18,840 Speaker 1: point where one person could hold it up and shut 390 00:21:18,840 --> 00:21:21,000 Speaker 1: the government down if they wanted to. But again, no 391 00:21:21,040 --> 00:21:24,000 Speaker 1: one has threatened that, so it's not looking like we're 392 00:21:24,040 --> 00:21:26,680 Speaker 1: in disaster mode here. So let's get back to talking, 393 00:21:26,720 --> 00:21:30,400 Speaker 1: because you mentioned this Senator Joe Mansion's bill to expedite 394 00:21:30,440 --> 00:21:34,040 Speaker 1: the energy permitting process. UH, majority leader in the Senate, 395 00:21:34,119 --> 00:21:37,119 Speaker 1: Chuck Schumer, is on board with it. Nancy Pelosi Speaker 396 00:21:37,160 --> 00:21:39,720 Speaker 1: in the house, and said she supports the measure. So 397 00:21:39,800 --> 00:21:42,119 Speaker 1: are we all clear? Are We all good? What's happening 398 00:21:42,160 --> 00:21:45,520 Speaker 1: with that? No, I think it seems they are leaning 399 00:21:45,560 --> 00:21:48,600 Speaker 1: away from actually getting this done. They need sixty votes 400 00:21:48,640 --> 00:21:52,480 Speaker 1: in the Senate. Uh, and Senate Republicans appear to be 401 00:21:52,600 --> 00:21:56,800 Speaker 1: pretty opposed now he got Shelley Moore capital on board, 402 00:21:56,840 --> 00:22:00,280 Speaker 1: which is important because she had provided the alternate bill 403 00:22:00,400 --> 00:22:03,439 Speaker 1: and said here's the Republican bill on energy permitting and 404 00:22:03,520 --> 00:22:06,320 Speaker 1: she ultimately said, you know what, mansions is close enough. 405 00:22:06,440 --> 00:22:08,760 Speaker 1: I like this, I'm going to support it. But we 406 00:22:08,800 --> 00:22:12,520 Speaker 1: had already heard from Mitch McConnell, UH and other people 407 00:22:12,600 --> 00:22:15,160 Speaker 1: close to leadership. I've talked to Richard Shelby, the top 408 00:22:15,480 --> 00:22:19,560 Speaker 1: appropriator who negotiates these funding bills in the Senate a 409 00:22:19,640 --> 00:22:23,239 Speaker 1: number of times and they are pretty opposed. UH So, 410 00:22:23,359 --> 00:22:26,600 Speaker 1: if they're going to need at least ten Republicans, and 411 00:22:26,640 --> 00:22:29,360 Speaker 1: mansion himself has said probably more like twenty because there 412 00:22:29,440 --> 00:22:33,160 Speaker 1: is some democratic opposition, then we need to hear Republicans 413 00:22:33,200 --> 00:22:35,199 Speaker 1: speaking up and saying yes, I support this. And so 414 00:22:35,240 --> 00:22:38,520 Speaker 1: far it's only one. It's a senator capital. So, uh, 415 00:22:38,560 --> 00:22:41,360 Speaker 1: they may have a failed vote which makes this all 416 00:22:41,480 --> 00:22:44,080 Speaker 1: more last minute, and then they pull it out. Uh, 417 00:22:44,119 --> 00:22:46,800 Speaker 1: it's it's not destined to fail, but we have not 418 00:22:46,960 --> 00:22:51,280 Speaker 1: seen the support crystallized yet for Mansions Bill. Okay, so 419 00:22:51,400 --> 00:22:53,720 Speaker 1: energy permitting on the rocks, but there are a couple 420 00:22:53,720 --> 00:22:56,920 Speaker 1: of other things that could be going with this bill right. Yeah, 421 00:22:56,960 --> 00:23:00,200 Speaker 1: I think the one sure thing is the Ukraine bill. 422 00:23:00,280 --> 00:23:04,080 Speaker 1: President Biden requested about twelve billion dollars in aid for Ukraine. 423 00:23:04,920 --> 00:23:07,919 Speaker 1: I've talked to a handful of people who are are 424 00:23:07,920 --> 00:23:10,680 Speaker 1: close in the negotiations on this kind of issue who 425 00:23:10,680 --> 00:23:13,320 Speaker 1: have said it will be at least that number. Uh. 426 00:23:13,359 --> 00:23:15,040 Speaker 1: This is one of the few areas where there's so 427 00:23:15,119 --> 00:23:17,880 Speaker 1: much bipartisan support for a certain issue that they may 428 00:23:17,920 --> 00:23:20,840 Speaker 1: actually give the president more money than he requested to 429 00:23:21,000 --> 00:23:25,440 Speaker 1: send to Ukraine, especially on the defense side. He requested 430 00:23:25,440 --> 00:23:28,480 Speaker 1: a combination of military aid and some state and US 431 00:23:28,560 --> 00:23:31,760 Speaker 1: aid funds. UH, definitely a lot of support for defense 432 00:23:31,800 --> 00:23:35,840 Speaker 1: aid to Ukraine. Uh. Other things have fallen off the table. 433 00:23:35,880 --> 00:23:39,480 Speaker 1: He asked for covid funds. That appears very clear that 434 00:23:39,520 --> 00:23:43,120 Speaker 1: it's not going on there. Uh. There was a request 435 00:23:43,160 --> 00:23:46,240 Speaker 1: for disaster aid. We thought that could happen because you 436 00:23:46,280 --> 00:23:48,120 Speaker 1: know some of that would go to Eastern Kentucky, Mitch 437 00:23:48,200 --> 00:23:51,240 Speaker 1: McConnell's home state. They had very bad flooding. Sounds like 438 00:23:51,240 --> 00:23:53,680 Speaker 1: they're gonna wait until December to address that. FEMA has 439 00:23:53,760 --> 00:23:56,360 Speaker 1: a pretty good amount of money now, but the Ukraine 440 00:23:56,480 --> 00:24:00,320 Speaker 1: one is really a case study in yes, lawmakers can 441 00:24:00,359 --> 00:24:02,760 Speaker 1: agree on things in a bipartisan way sometimes. So that's 442 00:24:02,760 --> 00:24:05,240 Speaker 1: going on there. So is this it for covid funding? 443 00:24:05,240 --> 00:24:07,719 Speaker 1: Then no more covid funding from the government. It raises 444 00:24:07,800 --> 00:24:12,399 Speaker 1: really big questions about how we switch from emergency pandemic 445 00:24:12,520 --> 00:24:16,879 Speaker 1: mode to endemic virus mode. Um. There you know, the 446 00:24:16,920 --> 00:24:21,760 Speaker 1: government is not entirely hands off on responding to the pandemic. 447 00:24:21,800 --> 00:24:26,680 Speaker 1: They're doing things like launching H is a number. It 448 00:24:26,680 --> 00:24:28,800 Speaker 1: would take a whole book to tell you everything the 449 00:24:28,800 --> 00:24:33,600 Speaker 1: government is still doing regarding uh, covid. But the support 450 00:24:33,800 --> 00:24:40,800 Speaker 1: is not there anymore for emergency funding, even for Vaccines Therapeutics. Uh. 451 00:24:40,960 --> 00:24:44,639 Speaker 1: If that were to happen, the Republicans would force a 452 00:24:44,680 --> 00:24:48,119 Speaker 1: conversation about pulling money back, probably from state and local 453 00:24:48,119 --> 00:24:51,000 Speaker 1: governments potentially. Really, to be honest, they haven't even gotten 454 00:24:51,040 --> 00:24:53,760 Speaker 1: into the weeds of this because there's just so much 455 00:24:53,880 --> 00:24:57,280 Speaker 1: room between Biden and the Senate Republicans who have said, uh, 456 00:24:57,400 --> 00:25:00,200 Speaker 1: they don't like his approach on on covid funding request. 457 00:25:00,480 --> 00:25:03,480 Speaker 1: We keep reminding our listeners that this is just a 458 00:25:03,600 --> 00:25:06,199 Speaker 1: temporary bill to fund the government. Usually these things go 459 00:25:06,359 --> 00:25:10,600 Speaker 1: till about mid December. I think you've reported around December six. Okay, 460 00:25:10,640 --> 00:25:13,080 Speaker 1: that's getting really close to Christmas. It is also getting 461 00:25:13,160 --> 00:25:16,560 Speaker 1: very close to my birthday, which is on December eighteen. Um, 462 00:25:16,680 --> 00:25:18,679 Speaker 1: are we gonna are are they going to have some 463 00:25:18,760 --> 00:25:20,920 Speaker 1: sort of agreement here, or is Congress going to ruin 464 00:25:20,960 --> 00:25:23,359 Speaker 1: my birthday and Christmas and one fell swoop? It could 465 00:25:23,359 --> 00:25:26,679 Speaker 1: be difficult. Yes, the date I've heard the most is 466 00:25:26,720 --> 00:25:30,480 Speaker 1: December sixteen. A lot of the time the functional deadline 467 00:25:30,520 --> 00:25:33,000 Speaker 1: for them to fund the government and do a big 468 00:25:33,040 --> 00:25:36,040 Speaker 1: bill on that kind of thing is right before Christmas. 469 00:25:36,160 --> 00:25:38,760 Speaker 1: So it'll be a hectic time. A lot of conservatives 470 00:25:38,800 --> 00:25:41,360 Speaker 1: are a no and want to kick this into next year, 471 00:25:41,359 --> 00:25:43,600 Speaker 1: but there there still is some will to get a 472 00:25:43,640 --> 00:25:46,719 Speaker 1: real funding deal in December. Congress is just keeping up 473 00:25:46,720 --> 00:25:50,359 Speaker 1: with the drama, keeping up with the suspense. Jack Fitzpatrick, Bloomberg, 474 00:25:50,359 --> 00:25:53,119 Speaker 1: government's budget girl. Thank you so much for joining us. 475 00:25:53,320 --> 00:25:57,480 Speaker 1: Coming up next, we reassemble the panel. This is Bloomberg. 476 00:26:01,000 --> 00:26:05,360 Speaker 1: You're listening to Bloomberg sound on with Joe Matthew on 477 00:26:05,520 --> 00:26:11,000 Speaker 1: Bloomberg Radio. This is Emily Wilkins. I'm filling in today 478 00:26:11,160 --> 00:26:16,239 Speaker 1: for Joe in. There was the contract with America. In 479 00:26:16,320 --> 00:26:20,040 Speaker 1: two thousand and two. We have the commitment to America 480 00:26:20,160 --> 00:26:24,119 Speaker 1: House Republicans again rolling out their plan for how they 481 00:26:24,160 --> 00:26:28,439 Speaker 1: would govern in a potential Republican majority next year. House 482 00:26:28,480 --> 00:26:32,840 Speaker 1: Minority Leader Kevin McCarthy, who soon could be speaker, Kevin McCarthy, 483 00:26:32,840 --> 00:26:35,639 Speaker 1: if if everything goes his way, traveled to the suburbs 484 00:26:35,680 --> 00:26:39,919 Speaker 1: of Pittsburgh today to make his pitch. They control the House, 485 00:26:40,000 --> 00:26:42,560 Speaker 1: the Senate, the White House, they control the committees, they 486 00:26:42,600 --> 00:26:46,120 Speaker 1: control the agencies. It's their plan, but they have no 487 00:26:46,240 --> 00:26:51,800 Speaker 1: plan to fix all the problems they created, contrasting their Democrats, 488 00:26:51,840 --> 00:26:55,360 Speaker 1: who currently control the government, with, of course, the own 489 00:26:55,440 --> 00:26:58,120 Speaker 1: plan that he that he and other Republicans have been 490 00:26:58,119 --> 00:27:01,080 Speaker 1: working on now, really for more than a year. The 491 00:27:01,119 --> 00:27:04,119 Speaker 1: plans got about four broad top lines to it, but 492 00:27:04,200 --> 00:27:08,000 Speaker 1: Republicans say there are many, many more details underneath, that 493 00:27:08,080 --> 00:27:11,280 Speaker 1: they are a plenty of bills that they're ready to go. Uh, 494 00:27:11,320 --> 00:27:13,919 Speaker 1: to discuss this a little bit more. We're gonna reassemble 495 00:27:13,960 --> 00:27:18,679 Speaker 1: that panel. Jennie Chian Zano and Rick Davis. Rick, I 496 00:27:18,720 --> 00:27:22,280 Speaker 1: feel like every couple of years, when you see the 497 00:27:22,359 --> 00:27:25,040 Speaker 1: minority get ready to go into the majority, you have 498 00:27:25,280 --> 00:27:30,080 Speaker 1: these plans roll out. How effective are they really? Well, 499 00:27:30,119 --> 00:27:32,959 Speaker 1: you know, most of the time the party out of power, 500 00:27:33,160 --> 00:27:36,240 Speaker 1: Republicans in this case, and both Senate in the house. UH, 501 00:27:36,280 --> 00:27:38,840 Speaker 1: they see their job is stopping bad things from happening. So, 502 00:27:39,320 --> 00:27:42,040 Speaker 1: most notably Mitch mcconnald sort of talks about that a lot. 503 00:27:42,160 --> 00:27:44,919 Speaker 1: His job is to not allow to Biden administration, or 504 00:27:44,960 --> 00:27:48,000 Speaker 1: the Obama Administration in that case, Um, you know, get 505 00:27:48,080 --> 00:27:52,640 Speaker 1: their agenda through. It's always hard to campaign on the negative, 506 00:27:52,880 --> 00:27:55,800 Speaker 1: and so, especially like in the House of represents, where 507 00:27:55,800 --> 00:27:59,360 Speaker 1: there is an expectation that there could be a good outcome, 508 00:27:59,480 --> 00:28:03,320 Speaker 1: for we can take control, they feel the need, uh, 509 00:28:03,359 --> 00:28:06,640 Speaker 1: and probably rightly so, to produce an agenda that they 510 00:28:06,640 --> 00:28:09,360 Speaker 1: can go out and say, if we're elected, these are 511 00:28:09,359 --> 00:28:11,320 Speaker 1: the things that we're going to do, this is what 512 00:28:11,359 --> 00:28:14,880 Speaker 1: we're going to stand for. It helps inoculate the voters 513 00:28:14,960 --> 00:28:19,960 Speaker 1: to the Democratic Um attack that usually comes and has 514 00:28:20,000 --> 00:28:22,880 Speaker 1: been coming, that says, oh, they see, they don't really 515 00:28:22,920 --> 00:28:25,359 Speaker 1: stand for anything, they just the party and know. So 516 00:28:25,400 --> 00:28:28,560 Speaker 1: this gives them a little bit more impetus or Um, 517 00:28:28,880 --> 00:28:30,720 Speaker 1: you know, getting on the balls of their feet for 518 00:28:30,760 --> 00:28:34,439 Speaker 1: the last, you know, sixty days the campaign and Um. 519 00:28:34,520 --> 00:28:37,639 Speaker 1: And so this, as you say, emily, pretty typical right, 520 00:28:37,640 --> 00:28:41,160 Speaker 1: according to script. Yeah, they even had a former House speaker, 521 00:28:41,240 --> 00:28:45,480 Speaker 1: new Gingrich, of course the architect behind contract with America, 522 00:28:45,640 --> 00:28:49,280 Speaker 1: come speak with Republicans yesterday. He has been involved in 523 00:28:49,360 --> 00:28:52,000 Speaker 1: the process. I actually did get to briefly speak with 524 00:28:52,040 --> 00:28:55,160 Speaker 1: a former speaker, ging rich, yesterday, and I asked him 525 00:28:55,240 --> 00:28:57,120 Speaker 1: kind of you know, is it better for Republicans to 526 00:28:57,240 --> 00:28:59,480 Speaker 1: campaign on what they are going to do or to 527 00:28:59,680 --> 00:29:02,800 Speaker 1: really contrast themselves with Biden? And he said, for independence 528 00:29:02,800 --> 00:29:06,400 Speaker 1: in particular, which of course Republicans need to win, that 529 00:29:06,480 --> 00:29:09,520 Speaker 1: this plan that they have rollout is going to be 530 00:29:10,000 --> 00:29:12,760 Speaker 1: one of the things that really resounds with those types 531 00:29:12,800 --> 00:29:15,280 Speaker 1: of voters. But, Jennie, I want to turn to you 532 00:29:15,320 --> 00:29:18,480 Speaker 1: for a minute here, because we've already seen Democrats begin 533 00:29:18,640 --> 00:29:22,040 Speaker 1: to attack this plan and attack things that Republicans are 534 00:29:22,080 --> 00:29:25,840 Speaker 1: are proposing. How might we see Democrats trying use this 535 00:29:25,880 --> 00:29:29,520 Speaker 1: plan to their advantage? Well, yeah, and it's like back 536 00:29:29,560 --> 00:29:31,800 Speaker 1: to the future. And I was so fascinated to hear 537 00:29:31,960 --> 00:29:35,200 Speaker 1: your conversation with new Gingrich yesterday and I was struck 538 00:29:35,240 --> 00:29:38,440 Speaker 1: by how positive he was about this Um. Not that 539 00:29:38,480 --> 00:29:41,000 Speaker 1: I'm surprised, but he seemed to suggest it may not 540 00:29:41,040 --> 00:29:44,120 Speaker 1: even be more effective than his contract with America. He 541 00:29:44,160 --> 00:29:47,719 Speaker 1: called it more sophisticated. Yeah, I thought that was, you know, 542 00:29:47,840 --> 00:29:50,880 Speaker 1: just a studying revelation. But Um, you know, I think 543 00:29:51,000 --> 00:29:54,200 Speaker 1: we're starting to hear, as you mentioned, Um, how the president, 544 00:29:54,280 --> 00:29:57,760 Speaker 1: how Democrats are going to be responding to this. Um, 545 00:29:57,800 --> 00:30:01,120 Speaker 1: you know, Joe Biden is calling it series of policy 546 00:30:01,160 --> 00:30:05,240 Speaker 1: goals with little or no detail. Um, you know, he's 547 00:30:05,440 --> 00:30:08,840 Speaker 1: talking about, you know, the Republicans, as he keeps saying, 548 00:30:08,880 --> 00:30:12,560 Speaker 1: as Maga Republicans, and he's trying to focus on things 549 00:30:12,600 --> 00:30:15,840 Speaker 1: like the fact that they don't mention specifically Medicare, they 550 00:30:15,840 --> 00:30:19,800 Speaker 1: don't mention social security. Um, you know, the the idea 551 00:30:19,960 --> 00:30:23,160 Speaker 1: that they want to uh, you know, sort of follow 552 00:30:23,240 --> 00:30:26,440 Speaker 1: this path of taking those away from from Middle America 553 00:30:26,560 --> 00:30:29,800 Speaker 1: and from people who need them. In in we we 554 00:30:29,840 --> 00:30:31,560 Speaker 1: heard a little about a bit of this in in 555 00:30:32,040 --> 00:30:35,280 Speaker 1: the Senator Scott's plans. So, you know, they keep harkening 556 00:30:35,360 --> 00:30:36,920 Speaker 1: back to that. I think he's going to use it 557 00:30:36,960 --> 00:30:40,240 Speaker 1: in that way. These are really talking points for the Republicans. 558 00:30:40,280 --> 00:30:43,920 Speaker 1: My big question is is, you know, if we see 559 00:30:44,000 --> 00:30:46,280 Speaker 1: Kevin McCarthy become speaker, is he going to have an 560 00:30:46,320 --> 00:30:50,400 Speaker 1: easier time keeping this very raucous Republican caucus together? Than say, 561 00:30:50,480 --> 00:30:53,280 Speaker 1: John Bayner or Paul Ryan or or even Dennis Haster, 562 00:30:53,400 --> 00:30:56,320 Speaker 1: who had a really tough time doing that. You know, Jenny, 563 00:30:56,320 --> 00:30:58,080 Speaker 1: you bring up such a good point there, because one 564 00:30:58,120 --> 00:31:00,640 Speaker 1: of the things that Kevin McCarthy really did for this 565 00:31:00,760 --> 00:31:03,120 Speaker 1: is that he created all these task forces to come 566 00:31:03,200 --> 00:31:06,160 Speaker 1: up with the plan and he made sure that members 567 00:31:06,200 --> 00:31:10,800 Speaker 1: across the conservative ideological spectrum were on each of those caucuses. 568 00:31:10,840 --> 00:31:13,800 Speaker 1: So folks like Marjorie Taylor ring got input. Well, more 569 00:31:13,840 --> 00:31:17,640 Speaker 1: moderate members of the Republican caucus got input into this 570 00:31:17,840 --> 00:31:21,920 Speaker 1: overall plan. Rick, you you really know the Republican Party well. So. 571 00:31:21,920 --> 00:31:23,560 Speaker 1: So I want to ask you how much of a 572 00:31:23,640 --> 00:31:28,200 Speaker 1: problem is a possible future speaker, Kevin McCarthy, going to 573 00:31:28,280 --> 00:31:32,840 Speaker 1: have with the different fractions of his conference? Oh, it comes, 574 00:31:32,880 --> 00:31:36,479 Speaker 1: just like you know, spring comes. Uh, it's it's always 575 00:31:36,480 --> 00:31:39,760 Speaker 1: going to be a problem around the big institutional things like, Um, 576 00:31:39,800 --> 00:31:42,640 Speaker 1: you know, the budget, just what we were talking about 577 00:31:42,640 --> 00:31:44,760 Speaker 1: a minute ago. As far as passing the annual budget, 578 00:31:44,800 --> 00:31:47,959 Speaker 1: the debt ceiling, there's always a big fight, especially with 579 00:31:48,040 --> 00:31:51,760 Speaker 1: the conserve elements within the Freedom Caucus, on the debt ceiling. 580 00:31:52,120 --> 00:31:56,200 Speaker 1: So these big institutional things are very much opposed by 581 00:31:56,360 --> 00:31:59,400 Speaker 1: the sort of ultra right wing of the Republican House Caucus. 582 00:31:59,800 --> 00:32:03,440 Speaker 1: And and yet they're sort of mandatory requirements for leadership, right. 583 00:32:03,480 --> 00:32:05,800 Speaker 1: I mean that's what the American people expect you to do. 584 00:32:06,400 --> 00:32:10,520 Speaker 1: Is The minimum basic, uh level of competence is to 585 00:32:10,640 --> 00:32:13,560 Speaker 1: make sure the government is funded and UH and it 586 00:32:13,560 --> 00:32:16,680 Speaker 1: continues to run. So this is where this that you 587 00:32:16,760 --> 00:32:20,600 Speaker 1: always run into trouble with the groups like the Freedom 588 00:32:20,600 --> 00:32:24,360 Speaker 1: Caucus and and I have absolute confidence that the thirty 589 00:32:24,360 --> 00:32:28,120 Speaker 1: members they have now will probably increase in number and 590 00:32:28,160 --> 00:32:31,280 Speaker 1: make make that kind of decision making for the leadership 591 00:32:31,280 --> 00:32:34,640 Speaker 1: of the House even more complicated. Absolutely. I mean we 592 00:32:34,960 --> 00:32:37,440 Speaker 1: definitely have seen a number of candidates who seem like prime, 593 00:32:37,480 --> 00:32:41,160 Speaker 1: prime individuals to be joining that caucus if they win 594 00:32:41,200 --> 00:32:44,440 Speaker 1: their elections in November. One thing that also strikes me 595 00:32:44,760 --> 00:32:47,400 Speaker 1: is that McCarthy is really pitching this plan. One of 596 00:32:47,400 --> 00:32:50,680 Speaker 1: the big factors, of course, is fighting inflation, but economists 597 00:32:50,680 --> 00:32:53,360 Speaker 1: are continuing to warn that we're headed toward a recession. 598 00:32:53,400 --> 00:32:56,400 Speaker 1: The market has had a brutal week. Stocks continue to 599 00:32:56,440 --> 00:33:00,640 Speaker 1: fall today. Rick is the Republican Plan? Is it address 600 00:33:00,720 --> 00:33:02,560 Speaker 1: at all, or could it work at all if we 601 00:33:02,680 --> 00:33:07,440 Speaker 1: are in a recession, when Republicans potentially take power. Well, 602 00:33:07,480 --> 00:33:10,440 Speaker 1: I think some of the elements that Kevin McCarthy and 603 00:33:10,480 --> 00:33:14,120 Speaker 1: the commitment for America laid out today, especially on government 604 00:33:14,160 --> 00:33:18,480 Speaker 1: funding and trying to reduce deficits, do have a positive 605 00:33:18,520 --> 00:33:23,480 Speaker 1: impact on the potential uh management through a recession. So 606 00:33:24,360 --> 00:33:27,640 Speaker 1: but like when he then talks about things like fighting crime, 607 00:33:27,720 --> 00:33:30,400 Speaker 1: that sounds like a spending program right, and when you 608 00:33:30,400 --> 00:33:32,600 Speaker 1: talk about border security, sounds like money is going to 609 00:33:32,640 --> 00:33:35,440 Speaker 1: go into that. So that that's going to be the trick, right, 610 00:33:35,520 --> 00:33:38,920 Speaker 1: is to how to balance those demands. But again, you 611 00:33:38,960 --> 00:33:42,320 Speaker 1: know that's the classic debate between monetary and Fiscal Policy 612 00:33:42,360 --> 00:33:44,840 Speaker 1: and how much, you know, is the monetary policy really 613 00:33:44,840 --> 00:33:48,920 Speaker 1: going to drive that? And so you have Republicans in 614 00:33:49,000 --> 00:33:51,920 Speaker 1: Pittsburgh today who are really kind of drying to draw 615 00:33:51,960 --> 00:33:55,360 Speaker 1: the distinction now between themselves and their plan and Biden 616 00:33:55,400 --> 00:33:57,720 Speaker 1: and his plan. And of course this is a critique 617 00:33:57,920 --> 00:34:01,560 Speaker 1: of what the president has done. But was also talking 618 00:34:01,560 --> 00:34:04,440 Speaker 1: in DC on Friday and he responded to critics who 619 00:34:04,440 --> 00:34:09,040 Speaker 1: have attacked his fiscal policies. Donald Trump and Republicans had 620 00:34:09,080 --> 00:34:13,080 Speaker 1: no problem, had no problem and acting in his four 621 00:34:13,160 --> 00:34:17,960 Speaker 1: years a two trillion dollar tax cut that overwhelmingly benefit 622 00:34:18,040 --> 00:34:20,960 Speaker 1: of the top one percent and they didn't pay for 623 00:34:21,040 --> 00:34:25,520 Speaker 1: penty of it and a massively increased the federal deficit. Meanwhile, 624 00:34:26,239 --> 00:34:28,640 Speaker 1: you know, we always say that Democrats are the big spenders. 625 00:34:29,840 --> 00:34:34,640 Speaker 1: Were brought down the deficit. Genie. I just want to 626 00:34:34,680 --> 00:34:37,719 Speaker 1: get your take on this because, you know, Democrats now, 627 00:34:37,800 --> 00:34:39,640 Speaker 1: I think, are some of them, are trying to position 628 00:34:39,680 --> 00:34:42,919 Speaker 1: themselves as being more fiscally conservative, but at the same 629 00:34:42,920 --> 00:34:46,440 Speaker 1: point they've passed all these big spending bills. WHO's Biden 630 00:34:46,480 --> 00:34:49,400 Speaker 1: trying to reach here with this message? Oh, you know, 631 00:34:49,480 --> 00:34:51,959 Speaker 1: I think he's trying to hold Democrats and reach into 632 00:34:52,000 --> 00:34:54,920 Speaker 1: those suburbs where those moderates are that are, you know, 633 00:34:55,040 --> 00:34:57,800 Speaker 1: on the brink and and everybody is sort of vying 634 00:34:57,880 --> 00:35:01,200 Speaker 1: for their supportive possible. It a tough time for him 635 00:35:01,239 --> 00:35:03,400 Speaker 1: to be making this case. And you know, as you 636 00:35:03,440 --> 00:35:05,759 Speaker 1: and Jack were talking about, what's going to happen in 637 00:35:05,800 --> 00:35:09,080 Speaker 1: Congress in the next few days or weeks in regards 638 00:35:09,120 --> 00:35:13,000 Speaker 1: to the CR right after that Um, right after, you know, 639 00:35:13,080 --> 00:35:14,759 Speaker 1: the election, we're going to have the fight over the 640 00:35:14,800 --> 00:35:17,239 Speaker 1: omnibus bill and I think there's going to be a 641 00:35:17,320 --> 00:35:21,399 Speaker 1: big fight there between the Republicans, particularly if they take 642 00:35:21,440 --> 00:35:24,360 Speaker 1: over the house and or senate and the President and 643 00:35:24,400 --> 00:35:27,040 Speaker 1: the administration in terms of how much they're gonna want 644 00:35:27,080 --> 00:35:29,040 Speaker 1: to fund the government. And a lot of that is 645 00:35:29,040 --> 00:35:31,160 Speaker 1: going to have to do with these issues of the 646 00:35:31,200 --> 00:35:33,680 Speaker 1: economic impact of that and where we are visa of 647 00:35:33,760 --> 00:35:36,080 Speaker 1: the inflation, which most econmists say is not going to 648 00:35:36,160 --> 00:35:39,360 Speaker 1: be very good in mid to late November. Rick, I 649 00:35:39,360 --> 00:35:41,200 Speaker 1: also wanted to get your thoughts on this. Kind of 650 00:35:41,200 --> 00:35:44,960 Speaker 1: flipped the question. Can Republicans still hold claim that they 651 00:35:45,000 --> 00:35:48,800 Speaker 1: are the party of being fiscally conservative when in the past, 652 00:35:48,840 --> 00:35:51,279 Speaker 1: some of the things that that they have approved, I'm 653 00:35:51,280 --> 00:35:55,040 Speaker 1: thinking the seen tax policy, have found up contributing to 654 00:35:55,120 --> 00:35:58,040 Speaker 1: the deficit? Oh yeah, now well, it's a real challenge 655 00:35:58,040 --> 00:36:02,400 Speaker 1: in the sense that can secutive Republican administrations, George Bush's 656 00:36:02,400 --> 00:36:06,200 Speaker 1: and Donald Trump's were really big spenders. I mean, you know, uh, 657 00:36:06,200 --> 00:36:10,480 Speaker 1: George Bush with his massive increase in Medicare, and Donald 658 00:36:10,520 --> 00:36:14,600 Speaker 1: Trump uh uh, never saw a program that didn't want 659 00:36:14,600 --> 00:36:17,640 Speaker 1: to throw money at to solve so uh, it's it's 660 00:36:17,680 --> 00:36:20,760 Speaker 1: a bit uh, it's a bit chaotic when it comes 661 00:36:20,760 --> 00:36:24,160 Speaker 1: to having a consistent message, but nonetheless it sounds like 662 00:36:24,320 --> 00:36:26,279 Speaker 1: they're starting to get back on that horse, so we'll 663 00:36:26,280 --> 00:36:28,879 Speaker 1: see if they can stay on it. Rick Genie, thank 664 00:36:28,920 --> 00:36:31,000 Speaker 1: you both so much for joining us today. That is 665 00:36:31,200 --> 00:36:33,840 Speaker 1: Rick Davis, genie, she and Zano, two of our ace 666 00:36:34,080 --> 00:36:37,560 Speaker 1: Bloomberg correspondents. If you missed any of the show or 667 00:36:37,680 --> 00:36:40,160 Speaker 1: just want to hear our beautiful voices again, you can 668 00:36:40,400 --> 00:36:44,959 Speaker 1: listen to the sound on podcast. I'm Emily Wilkins. This 669 00:36:45,360 --> 00:36:46,040 Speaker 1: is Bloomberg.