1 00:00:02,680 --> 00:00:06,960 Speaker 1: Live from our nation's capital. This is Bloomberg Sound On. 2 00:00:08,000 --> 00:00:10,560 Speaker 1: No president should be able to sustain boots on the 3 00:00:10,600 --> 00:00:14,600 Speaker 1: ground without congressional approval and without a clear explanation of 4 00:00:14,640 --> 00:00:17,079 Speaker 1: what the mission is and what the endgame is. This 5 00:00:17,239 --> 00:00:20,880 Speaker 1: isn't really about the economic policy. This is about the coronavirus. 6 00:00:20,880 --> 00:00:25,920 Speaker 1: Bloomberg Sound On, Politics, Policy and Prospective from DC's top Name. 7 00:00:26,400 --> 00:00:29,480 Speaker 1: We must use every school possible to defeat the assault 8 00:00:29,560 --> 00:00:32,600 Speaker 1: on women's reproductive rights. This is a steady growth that 9 00:00:32,640 --> 00:00:34,400 Speaker 1: we're seeing here in our economy, you know, over the 10 00:00:34,520 --> 00:00:39,160 Speaker 1: last three months. Bloomberg Sound On with Joe Matthew on 11 00:00:39,320 --> 00:00:43,960 Speaker 1: Bloomberg Radio. There are nine days to figure out how 12 00:00:44,000 --> 00:00:46,599 Speaker 1: to keep the government funded, and a new plan appears 13 00:00:46,640 --> 00:00:49,200 Speaker 1: to be set to pass the House a short time 14 00:00:49,240 --> 00:00:51,440 Speaker 1: from now, but Republicans say it's d O A in 15 00:00:51,479 --> 00:00:55,560 Speaker 1: the Senate. So the clock keeps ticking, even as Democrats 16 00:00:55,560 --> 00:00:59,040 Speaker 1: steer down a list of deadlines on President Biden's economic agenda. 17 00:00:59,520 --> 00:01:01,800 Speaker 1: And we'll talk about it all coming up with Congressman 18 00:01:01,840 --> 00:01:05,000 Speaker 1: Henry quay Are, Democrat from Texas, where there's been a 19 00:01:05,000 --> 00:01:08,039 Speaker 1: lot of news lately. Later, President Biden speaks his first 20 00:01:08,040 --> 00:01:10,720 Speaker 1: addressed to the UN General Assembly. You heard it on 21 00:01:10,760 --> 00:01:13,600 Speaker 1: Bloomberg Radio. Will unpack the politics and policy behind the 22 00:01:13,600 --> 00:01:16,679 Speaker 1: speech with David D. Fury, former State Department official, our 23 00:01:16,720 --> 00:01:19,480 Speaker 1: panel for the hour, Jim Kessler a third way, and 24 00:01:19,520 --> 00:01:23,560 Speaker 1: we'll be talking as well with John Sitality's State Department advisor. 25 00:01:23,640 --> 00:01:25,800 Speaker 1: Now with Trilogy, but from the big vote set for 26 00:01:25,880 --> 00:01:28,720 Speaker 1: tonight in the US House, a stopgap bill we talked 27 00:01:28,760 --> 00:01:33,440 Speaker 1: about this time yesterday would fund government operations until December, 28 00:01:33,440 --> 00:01:37,000 Speaker 1: pay for hurricane damage, resettling refugees from Afghanistan, and, as 29 00:01:37,040 --> 00:01:41,399 Speaker 1: you also learned here, suspend the debt ceiling until after 30 00:01:41,520 --> 00:01:44,160 Speaker 1: the mid terms. We talked about it all with Congressman 31 00:01:44,200 --> 00:01:47,800 Speaker 1: Henry quay Are, a Democrat from Texas who joins us 32 00:01:47,800 --> 00:01:50,760 Speaker 1: on the line. Congressman, welcome to Bloomberg Radio. Thank you 33 00:01:50,840 --> 00:01:54,120 Speaker 1: so much. I'll be doing fine, absolutely, and I understand 34 00:01:54,160 --> 00:01:57,080 Speaker 1: it has been a grind to get to this vote 35 00:01:57,080 --> 00:02:00,440 Speaker 1: today on funding the government. Congressman, it includes a lot 36 00:02:00,440 --> 00:02:02,880 Speaker 1: of other items, including a suspension of the debt ceiling. 37 00:02:02,920 --> 00:02:05,200 Speaker 1: We understand what's your feeling on this approach? Are you 38 00:02:05,280 --> 00:02:07,440 Speaker 1: a yes vote? Yeah? I mean, I mean, I think 39 00:02:07,600 --> 00:02:11,240 Speaker 1: uh doing the cr I'm a I'm an appropriator, so 40 00:02:11,400 --> 00:02:13,520 Speaker 1: we have to do this. I certainly don't want to 41 00:02:13,520 --> 00:02:17,280 Speaker 1: see a government shutdown Number one, number two on the 42 00:02:17,320 --> 00:02:20,560 Speaker 1: death ceiling. As you know, this is something that there 43 00:02:20,560 --> 00:02:24,600 Speaker 1: will be severe reprecutions to the U. S. Economy, and 44 00:02:24,840 --> 00:02:27,840 Speaker 1: we all need to do this. And it's unfortunate because 45 00:02:27,880 --> 00:02:31,520 Speaker 1: sometimes people look at who is the president. Like last 46 00:02:31,560 --> 00:02:34,320 Speaker 1: time we have Republicans. You know, when President Trump was served, 47 00:02:34,400 --> 00:02:36,720 Speaker 1: it was okay for them to raise it. Now there's 48 00:02:36,720 --> 00:02:39,400 Speaker 1: a Democrats or it's not okay to to raise it. 49 00:02:40,040 --> 00:02:42,880 Speaker 1: So to me, it doesn't matter who the president is. 50 00:02:43,720 --> 00:02:46,400 Speaker 1: We have to do the responsible thing and that is 51 00:02:46,480 --> 00:02:49,000 Speaker 1: to us d R and then of course doing the 52 00:02:49,040 --> 00:02:52,720 Speaker 1: continuing resolution, make sure there's no government shutdown, making sure 53 00:02:52,800 --> 00:02:56,400 Speaker 1: that we suspend the debt or raise the debt stealing. 54 00:02:56,560 --> 00:02:59,160 Speaker 1: Of course, we keep hearing the same stuff. I'm sure 55 00:02:59,160 --> 00:03:02,240 Speaker 1: you're hearing that Publicans, beginning with leadership, are for the 56 00:03:02,280 --> 00:03:06,040 Speaker 1: most part, uh in lockstep in in in not voting 57 00:03:06,120 --> 00:03:10,320 Speaker 1: to do anything to the debt ceiling lifted, suspended or otherwise. 58 00:03:10,400 --> 00:03:12,679 Speaker 1: I just wonder if Democrats are prepared to go it 59 00:03:12,720 --> 00:03:15,079 Speaker 1: alone on this or how exactly that would work. If 60 00:03:15,120 --> 00:03:18,080 Speaker 1: this continuing resolution does not get through the Senate. You know, 61 00:03:18,160 --> 00:03:21,040 Speaker 1: Democrats have always I mean I think most of us 62 00:03:21,040 --> 00:03:24,799 Speaker 1: have supported it, no matter if it's Democrat or Republican president. 63 00:03:25,000 --> 00:03:29,280 Speaker 1: You know, we provided a um Republicans help when when 64 00:03:29,600 --> 00:03:32,440 Speaker 1: Trump was there, Bush was there, and of course you know, 65 00:03:32,520 --> 00:03:36,000 Speaker 1: it doesn't matter who's there. So as Democrats, we have 66 00:03:36,840 --> 00:03:38,760 Speaker 1: you know, we're the majority, and we have to show 67 00:03:38,800 --> 00:03:41,920 Speaker 1: that we can govern, and darn it, that means that 68 00:03:42,000 --> 00:03:44,440 Speaker 1: we have to take certain votes. And you know some 69 00:03:44,480 --> 00:03:47,240 Speaker 1: people see it as a tough vote for me, uh, 70 00:03:47,280 --> 00:03:50,760 Speaker 1: making sure that the government doesn't shut down, making sure 71 00:03:50,840 --> 00:03:54,200 Speaker 1: that we don't have severe consequences if we don't raise 72 00:03:54,240 --> 00:03:57,200 Speaker 1: the debt stealing, then that's an easy vote for me. 73 00:03:57,560 --> 00:04:00,760 Speaker 1: House Democrats are still balancing, of course, the structure bill 74 00:04:01,360 --> 00:04:04,320 Speaker 1: with the looming reconciliation bill. And as one of the 75 00:04:04,320 --> 00:04:08,000 Speaker 1: moderate Democrats who held Nancy Pelosi to an infrastructure vote 76 00:04:08,000 --> 00:04:11,760 Speaker 1: by the September, it's not lost on as congressman that 77 00:04:11,760 --> 00:04:14,840 Speaker 1: that is on Monday. I wonder if you think we're 78 00:04:14,880 --> 00:04:17,000 Speaker 1: going to make it. We We heard today from a 79 00:04:17,040 --> 00:04:20,560 Speaker 1: member of a leadership, Congressman Hakim Jeffries, who talked about this. 80 00:04:20,640 --> 00:04:23,799 Speaker 1: Here's what he said, my understanding that the majority leader 81 00:04:23,839 --> 00:04:29,240 Speaker 1: had indicated we are moving towards and the plan UH 82 00:04:29,400 --> 00:04:32,159 Speaker 1: is to hold to that agreement. So hold to that agreement, 83 00:04:32,160 --> 00:04:33,880 Speaker 1: he said in that same news conference, so that it 84 00:04:33,880 --> 00:04:35,919 Speaker 1: could take several weeks. Does it matter to you that 85 00:04:36,000 --> 00:04:39,719 Speaker 1: it's Monday or at some point in the very near future. Well, 86 00:04:39,760 --> 00:04:43,279 Speaker 1: you know, there was an agreement two things that we're done, UH, 87 00:04:43,440 --> 00:04:45,719 Speaker 1: when I was a group of nine and one of 88 00:04:45,720 --> 00:04:47,520 Speaker 1: the things that I insist that would not only have 89 00:04:47,560 --> 00:04:50,400 Speaker 1: a date to vote on this by Parson infrastructure, but 90 00:04:50,600 --> 00:04:53,119 Speaker 1: what I asked for was and and and the group 91 00:04:53,360 --> 00:04:56,680 Speaker 1: all of us are have supported this is that whatever 92 00:04:56,760 --> 00:05:00,400 Speaker 1: we vote on the reconciliation, that we don't think pong it. 93 00:05:00,560 --> 00:05:03,360 Speaker 1: That is, we vote for something high, the Senate comes 94 00:05:03,360 --> 00:05:06,320 Speaker 1: in with something low, we take her in tough votes. 95 00:05:06,640 --> 00:05:09,760 Speaker 1: I'd rather have something where it is a vote that 96 00:05:09,880 --> 00:05:12,359 Speaker 1: both the House and the Senate can vote and pass 97 00:05:12,400 --> 00:05:14,800 Speaker 1: it on the first time. To me, that's important because 98 00:05:14,839 --> 00:05:16,760 Speaker 1: I saw what happened in two thousand and nine and 99 00:05:16,800 --> 00:05:19,520 Speaker 1: two tho and ten where some of us were asked 100 00:05:19,520 --> 00:05:21,520 Speaker 1: to take very tough vote. You know, I'm not going 101 00:05:21,560 --> 00:05:23,880 Speaker 1: to fall off the cliff unless if I know that 102 00:05:23,880 --> 00:05:26,800 Speaker 1: that vote is going to be uh something important and 103 00:05:26,839 --> 00:05:28,840 Speaker 1: it's going to pass, I want to see the vote 104 00:05:28,880 --> 00:05:32,120 Speaker 1: on the UH. If somebody wants to vote against it, 105 00:05:32,160 --> 00:05:34,839 Speaker 1: then they have to defend that vote. So I'm I 106 00:05:34,880 --> 00:05:38,120 Speaker 1: am in uh in support of that. On the reconciliation, 107 00:05:38,800 --> 00:05:40,720 Speaker 1: I don't think it can be ready by that time 108 00:05:41,040 --> 00:05:44,359 Speaker 1: quite honestly, just because of the logistics, because part of 109 00:05:44,400 --> 00:05:46,880 Speaker 1: that agreement was that it's got to be something that 110 00:05:47,200 --> 00:05:52,560 Speaker 1: all fifties senators, every single fifties senator can support, and uh, 111 00:05:52,839 --> 00:05:55,839 Speaker 1: you know, I've been in contact with several senators. I 112 00:05:55,880 --> 00:05:58,599 Speaker 1: don't think we're there yet. Well there goes there's the 113 00:05:58,640 --> 00:06:02,360 Speaker 1: rob Congressman. If if there there's no reconciliation bill ready 114 00:06:02,360 --> 00:06:05,000 Speaker 1: for the seven and the Progressive say they don't vote 115 00:06:05,040 --> 00:06:09,080 Speaker 1: for infrastructure, so are we headed for a collision here? Well, again, 116 00:06:09,160 --> 00:06:11,600 Speaker 1: everybody has to take a vote and defend it, and 117 00:06:11,640 --> 00:06:14,400 Speaker 1: if they can defend that vote, then that's up to them. 118 00:06:14,640 --> 00:06:19,080 Speaker 1: I want to see a bipartisan vote on the infrastructure, 119 00:06:19,279 --> 00:06:22,599 Speaker 1: and then I do want to support the reconciliation. There 120 00:06:22,600 --> 00:06:25,520 Speaker 1: are concerns, like anything else, you know, I want to 121 00:06:25,560 --> 00:06:28,440 Speaker 1: look at it, what's in there? What's the final product. 122 00:06:28,560 --> 00:06:30,320 Speaker 1: You know, I certainly want to have a stay so 123 00:06:31,040 --> 00:06:33,479 Speaker 1: as to what the final product is. And and we'll 124 00:06:33,560 --> 00:06:36,799 Speaker 1: get there. So let's vote on it on the and 125 00:06:36,920 --> 00:06:39,280 Speaker 1: uh and see what happens at that time. Talking with 126 00:06:39,320 --> 00:06:41,760 Speaker 1: Congressman Henry quay Are of Texas, and I'd like to 127 00:06:41,800 --> 00:06:44,360 Speaker 1: ask you while we're talking, Congressman about a few big 128 00:06:44,360 --> 00:06:47,120 Speaker 1: issues happening in Texas that are impacting nationally. A lot 129 00:06:47,200 --> 00:06:50,080 Speaker 1: of politicians, as you know, like to talk about the 130 00:06:50,080 --> 00:06:54,000 Speaker 1: border like they're experts. Your district actually bumps up against 131 00:06:54,040 --> 00:06:56,640 Speaker 1: the Rio grand and I have to ask you about 132 00:06:56,640 --> 00:06:59,040 Speaker 1: these images we're seeing of the border patrol agents. What 133 00:06:59,120 --> 00:07:02,320 Speaker 1: should be done about this? Before we jump the gun. Um, 134 00:07:02,800 --> 00:07:06,640 Speaker 1: keep in mind, Border Patrol does not carry whips. Uh. 135 00:07:06,680 --> 00:07:11,160 Speaker 1: They did not carry lassos. Uh. They've had a horse 136 00:07:11,640 --> 00:07:15,000 Speaker 1: brigade for many years in Loreto, Dorio and other places, 137 00:07:15,480 --> 00:07:18,960 Speaker 1: so they've been using horses. And again, before we blame 138 00:07:19,000 --> 00:07:21,120 Speaker 1: the men and women, uh and paint them with the 139 00:07:21,160 --> 00:07:23,800 Speaker 1: same paint brush. Yes, we'll look at it in a 140 00:07:23,800 --> 00:07:26,240 Speaker 1: case by case basis. If there's a bad apple, then 141 00:07:26,680 --> 00:07:28,560 Speaker 1: you know we'll go after the bad apple. And I 142 00:07:28,600 --> 00:07:31,440 Speaker 1: know that there will be investigations on that. But again, 143 00:07:31,960 --> 00:07:37,280 Speaker 1: we cannot automatically paint the border patrol as doing something wrong. 144 00:07:37,960 --> 00:07:40,160 Speaker 1: Uh you know, what are they supposed to do? Just 145 00:07:40,280 --> 00:07:44,120 Speaker 1: stand as side and let anybody just come in there 146 00:07:44,360 --> 00:07:46,560 Speaker 1: is I mean, we've been using horses for a long 147 00:07:46,600 --> 00:07:50,440 Speaker 1: time with border patrol on it. But again, let's take 148 00:07:50,440 --> 00:07:52,760 Speaker 1: a take it by a case by case basis, and 149 00:07:53,280 --> 00:07:57,040 Speaker 1: they don't carry whips, that do not carry lassos on it. 150 00:07:57,080 --> 00:07:59,480 Speaker 1: But you know, if we have to look into this, 151 00:07:59,600 --> 00:08:02,640 Speaker 1: as the administration has said, let's look into it, but 152 00:08:02,720 --> 00:08:06,280 Speaker 1: let's not paint brush everybody and border patrol. No, and 153 00:08:06,360 --> 00:08:08,280 Speaker 1: we would never do that here at Bloomberg. And I 154 00:08:08,320 --> 00:08:10,760 Speaker 1: will note Congressman, while we're talking about sorry, I was 155 00:08:10,760 --> 00:08:13,520 Speaker 1: not talking about two. I understand that it was not 156 00:08:13,560 --> 00:08:16,000 Speaker 1: too I apologize. I just don't want to insinuate anything 157 00:08:16,000 --> 00:08:18,040 Speaker 1: with the question. And we should note that those images 158 00:08:18,080 --> 00:08:21,240 Speaker 1: apparently did show Border patrol agents swinging the reins of 159 00:08:21,240 --> 00:08:23,720 Speaker 1: the horse, not not whips. But I guess more broadly, 160 00:08:23,760 --> 00:08:25,800 Speaker 1: I should ask you about the people under that bridge. 161 00:08:26,320 --> 00:08:28,360 Speaker 1: What should we do? Do you do you send all 162 00:08:28,400 --> 00:08:31,080 Speaker 1: of these people back to Haiti? Well, look, we we 163 00:08:31,200 --> 00:08:34,360 Speaker 1: have to follow the law. If the law says they stay, 164 00:08:34,520 --> 00:08:37,680 Speaker 1: they stay. If the law says they don't, then we 165 00:08:37,880 --> 00:08:40,200 Speaker 1: have to enforce it. I mean, we have to enforce 166 00:08:40,200 --> 00:08:44,040 Speaker 1: the law. That's what President Obama did with Secretary j Johnson. 167 00:08:44,320 --> 00:08:47,240 Speaker 1: That's what the law is. You know, without due respect, 168 00:08:47,360 --> 00:08:49,320 Speaker 1: the only ones that come out winning on this or 169 00:08:49,360 --> 00:08:53,600 Speaker 1: the criminal organizations don't charge sticks eight dollars a person 170 00:08:53,720 --> 00:08:57,240 Speaker 1: and if somebody is returned back because they were promised 171 00:08:57,240 --> 00:08:59,760 Speaker 1: something by the bad guys, are the only ones that 172 00:08:59,800 --> 00:09:02,200 Speaker 1: come my winning there are going to be the criminal organizations. 173 00:09:02,240 --> 00:09:05,160 Speaker 1: They are the ones that are making billions of dollars 174 00:09:05,160 --> 00:09:08,439 Speaker 1: on the suffering of this people. But again, if you 175 00:09:08,679 --> 00:09:12,319 Speaker 1: look at the law, the law says that an earthquake 176 00:09:13,040 --> 00:09:17,680 Speaker 1: or a political assassination of a president is not ground 177 00:09:17,800 --> 00:09:23,079 Speaker 1: for asylum. And that's what the a Stylum law says. Lastly, Congressman, 178 00:09:23,320 --> 00:09:26,079 Speaker 1: the Democratic leadership in the House is calling for members 179 00:09:26,120 --> 00:09:29,600 Speaker 1: to vote on a bill that would protect a woman's 180 00:09:29,640 --> 00:09:33,160 Speaker 1: reproductive rights. The aforementioned Hakim Jeffreys, again a member of 181 00:09:33,200 --> 00:09:35,760 Speaker 1: the leadership, talked about this today and I wonder what 182 00:09:35,880 --> 00:09:40,560 Speaker 1: you think of this remark. Women across America should have 183 00:09:40,920 --> 00:09:48,640 Speaker 1: the freedom to make their own reproductive healthcare decisions shouldn't 184 00:09:48,640 --> 00:09:53,600 Speaker 1: be determined by a bunch of yahoo's in Texas. I'm 185 00:09:53,640 --> 00:09:55,440 Speaker 1: not sure which yah who is the gentleman from New 186 00:09:55,520 --> 00:09:57,960 Speaker 1: York was referring to, Congressman. But what's your thought on 187 00:09:58,000 --> 00:10:02,280 Speaker 1: that legislation? Well, I mean, look, couple of things. Uh. One, Look, 188 00:10:02,360 --> 00:10:05,240 Speaker 1: I am Catholic and I certainly have my my beliefs 189 00:10:05,280 --> 00:10:10,280 Speaker 1: on on on abortion number one. Number two. Uh, you 190 00:10:10,280 --> 00:10:14,480 Speaker 1: know the Supreme Court has uh as ready h made 191 00:10:14,480 --> 00:10:17,320 Speaker 1: that decision years ago. You know, whether they change it, 192 00:10:17,400 --> 00:10:22,760 Speaker 1: we don't know. Uh. Third, what the state legislature, I 193 00:10:22,760 --> 00:10:25,000 Speaker 1: think that's where he was referring to, and the governors 194 00:10:25,200 --> 00:10:28,720 Speaker 1: signed this legislation. What they did is they made bounting 195 00:10:28,840 --> 00:10:31,880 Speaker 1: hunters on anybody that wants to get an abortion. That 196 00:10:32,080 --> 00:10:35,280 Speaker 1: is wrong because they're sitting in a bad president. What 197 00:10:35,480 --> 00:10:38,199 Speaker 1: happens if the next thing they do is somebody passes 198 00:10:38,240 --> 00:10:41,560 Speaker 1: the law that says anybody that helps a migrant is 199 00:10:41,559 --> 00:10:44,439 Speaker 1: going to be subjected to ten dollars fine, you know, 200 00:10:44,440 --> 00:10:47,880 Speaker 1: instead of bounty on it or whatever the social issue is. 201 00:10:48,040 --> 00:10:51,840 Speaker 1: It's that's the bad precedent. So what the state legislature 202 00:10:51,920 --> 00:10:55,400 Speaker 1: did over there is wrong. If we would do something 203 00:10:55,440 --> 00:10:58,920 Speaker 1: that would target that legislation where they set up bounties, 204 00:10:59,120 --> 00:11:01,640 Speaker 1: then you know certain I know that that would be 205 00:11:01,679 --> 00:11:04,360 Speaker 1: something that there would be support on that. I have 206 00:11:04,480 --> 00:11:08,040 Speaker 1: my personal thoughts as the Catholic on abortion. I know 207 00:11:08,120 --> 00:11:11,040 Speaker 1: what the Supreme Court has said, and I know that 208 00:11:11,160 --> 00:11:15,319 Speaker 1: what the state legislatures sending our bounties is wrong. Before 209 00:11:15,320 --> 00:11:17,040 Speaker 1: your run, is it gonna be a late night tonight? 210 00:11:17,320 --> 00:11:19,199 Speaker 1: I think the next two weeks are going to be 211 00:11:19,320 --> 00:11:22,360 Speaker 1: long days. You're bringing the consent. It's gonna be one 212 00:11:22,400 --> 00:11:24,719 Speaker 1: of those Well, you're kind to uh, you're kind to 213 00:11:24,840 --> 00:11:27,200 Speaker 1: share your time with us today. Congressman will be watching 214 00:11:27,520 --> 00:11:30,880 Speaker 1: in the weeks they had in specifically on September. Thanks 215 00:11:30,880 --> 00:11:33,920 Speaker 1: for being with us, Thank you so much. Which brings 216 00:11:33,960 --> 00:11:37,160 Speaker 1: us to the headline on the terminal. House Democrats risk 217 00:11:37,360 --> 00:11:42,280 Speaker 1: rift by teeing up infrastructure vote first. As you just 218 00:11:42,320 --> 00:11:45,000 Speaker 1: heard from the Congressman, he helped to secure that deal. 219 00:11:45,040 --> 00:11:47,880 Speaker 1: Bloomberg now reporting House Democratic leaders plan a Monday vote 220 00:11:47,880 --> 00:11:50,840 Speaker 1: on the Senate past infrastructure bill, and coming up, we 221 00:11:50,880 --> 00:11:54,400 Speaker 1: assemble the panel with Jim Kessler. A third way John 222 00:11:54,400 --> 00:11:58,120 Speaker 1: Silities of Trilogy Advisors. Sound On is brought to you 223 00:11:58,160 --> 00:12:01,200 Speaker 1: by Barrish and mc gary, lawyers for the nine eleven community. 224 00:12:01,600 --> 00:12:03,920 Speaker 1: For twenty years, they've been fighting for those who continue 225 00:12:03,960 --> 00:12:07,400 Speaker 1: to get sick from the nine eleven tocsins. Free healthcare 226 00:12:07,520 --> 00:12:12,439 Speaker 1: and compensation are available. Visit nine eleven Victims dot com. 227 00:12:12,480 --> 00:12:14,800 Speaker 1: We'll check the markets, take a look at traffic along 228 00:12:14,840 --> 00:12:17,000 Speaker 1: the way, so stay right where you aren't. Joe Matthew, 229 00:12:17,120 --> 00:12:30,479 Speaker 1: this is Bloombergh debt ceiling deadline on Bloomer Radio. Lawmakers 230 00:12:30,480 --> 00:12:32,760 Speaker 1: in the House have voting in their plans tonight. We'll 231 00:12:32,760 --> 00:12:35,439 Speaker 1: see how late things go. It does appear though Democrats 232 00:12:35,559 --> 00:12:39,720 Speaker 1: government funding bill that also suspends the debt ceiling will 233 00:12:39,760 --> 00:12:42,880 Speaker 1: pass thanks to lawmakers like the one you just heard 234 00:12:42,880 --> 00:12:45,520 Speaker 1: Henry quay Are. It's important enough. We even have a 235 00:12:45,520 --> 00:12:48,280 Speaker 1: big voiceover guy on it. And as we've also discussed, 236 00:12:48,320 --> 00:12:51,560 Speaker 1: most Republicans aren't planning to go near the debt limit, 237 00:12:51,600 --> 00:12:55,599 Speaker 1: as underscore today by Congressman Steve Scalise of Louisiana is 238 00:12:55,640 --> 00:12:57,719 Speaker 1: part of the Republican leadership in the U. S. House. 239 00:12:57,800 --> 00:12:59,880 Speaker 1: Doesn't know what he said said. The bill that the 240 00:13:00,240 --> 00:13:03,640 Speaker 1: Speaker Pelosi is bringing through this week will not become law. 241 00:13:03,640 --> 00:13:05,400 Speaker 1: They're going to have to go back to the drawing board. 242 00:13:05,559 --> 00:13:08,520 Speaker 1: They might have to go to reconciliation to address the 243 00:13:08,520 --> 00:13:10,320 Speaker 1: debt ceiling, which, by the way, right now they're just 244 00:13:10,360 --> 00:13:12,200 Speaker 1: trying to put a date, so you don't know the 245 00:13:12,200 --> 00:13:14,560 Speaker 1: full amount that they're trying to increase the debt ceiling. 246 00:13:15,240 --> 00:13:18,400 Speaker 1: Interesting wrinkle. If Democrats put the bill in the reconciliation plan, 247 00:13:18,520 --> 00:13:21,360 Speaker 1: they need to specify how much as opposed to simply 248 00:13:21,400 --> 00:13:24,720 Speaker 1: suspending the amount. And that's where we begin with the panel. 249 00:13:24,800 --> 00:13:28,440 Speaker 1: Jim Kessler of Third Way, former legislative and policy director 250 00:13:28,440 --> 00:13:30,760 Speaker 1: to Senator Chuck Schumer, is with us once again along 251 00:13:30,760 --> 00:13:35,120 Speaker 1: with John siddelity State Department advisor, now with Trilogy Advisors. 252 00:13:35,120 --> 00:13:36,840 Speaker 1: Thanks to you both for being here. Jim, I bet 253 00:13:36,840 --> 00:13:39,840 Speaker 1: you feel like you've seen this movie before. Does this 254 00:13:39,960 --> 00:13:43,160 Speaker 1: end up being democrats own problem to handle the debt ceiling? 255 00:13:44,800 --> 00:13:47,360 Speaker 1: It may become that way. It's it's not as easy 256 00:13:47,440 --> 00:13:50,960 Speaker 1: as what Congressman's Kalisa said or what Leader McConnell said. 257 00:13:51,000 --> 00:13:55,440 Speaker 1: Because the debt ceiling extension cannot go into the current 258 00:13:55,480 --> 00:14:00,000 Speaker 1: reconciliation bill that is going through Congress. It would violate 259 00:14:00,160 --> 00:14:02,520 Speaker 1: the Bird rule, so they would have to start an 260 00:14:02,679 --> 00:14:08,040 Speaker 1: entire new reconciliation process, which could take months. So, um, 261 00:14:08,360 --> 00:14:11,280 Speaker 1: you know, we're playing with fire on the debt ceiling, 262 00:14:11,360 --> 00:14:15,360 Speaker 1: and something Republicans have supported dozens of times in the past. 263 00:14:15,559 --> 00:14:17,320 Speaker 1: They don't want to do it now just to cause 264 00:14:17,400 --> 00:14:20,280 Speaker 1: some habit for Democrats. But I feel like we're like, 265 00:14:20,400 --> 00:14:23,720 Speaker 1: we're juggling with nuclear bombs here and we should just 266 00:14:23,720 --> 00:14:27,320 Speaker 1: get this easy thing done. That is quite uh an image, Jim, 267 00:14:27,840 --> 00:14:31,480 Speaker 1: how would you be advising the Senator Schumer right now? 268 00:14:31,560 --> 00:14:36,080 Speaker 1: Leader Schumer on this, knowing what you just said, what 269 00:14:36,200 --> 00:14:40,960 Speaker 1: would be the alternative? Well, look, they're going to bring 270 00:14:41,040 --> 00:14:44,520 Speaker 1: a bill over from the House that has a depth 271 00:14:44,600 --> 00:14:48,520 Speaker 1: sailing death ceiling extension in in a bill that normally 272 00:14:48,560 --> 00:14:52,440 Speaker 1: Republicans would support overwhelmingly, and he's going to try and 273 00:14:52,480 --> 00:14:55,840 Speaker 1: move that in the Senate, you know, absent that, and 274 00:14:55,880 --> 00:14:58,840 Speaker 1: it's also funding the government, absent that you're just going 275 00:14:58,880 --> 00:15:02,000 Speaker 1: to have to start from If this doesn't succeed, you're 276 00:15:02,000 --> 00:15:04,520 Speaker 1: going to have to start from scratch. And the irony 277 00:15:04,640 --> 00:15:08,880 Speaker 1: is this is a vote that voters don't really care 278 00:15:08,960 --> 00:15:12,000 Speaker 1: about either way. You know that they're not focused on 279 00:15:12,040 --> 00:15:16,240 Speaker 1: the debt ceiling. So it's a shame that Republicans are 280 00:15:16,240 --> 00:15:19,840 Speaker 1: playing hardball on this right now, but this is a 281 00:15:19,960 --> 00:15:25,840 Speaker 1: needless cliff and catastrophe we're heading towards, John said Alitis. 282 00:15:25,880 --> 00:15:28,120 Speaker 1: What do you see as the the endgame here? Is 283 00:15:28,160 --> 00:15:30,160 Speaker 1: this going to be resolved next couple of days and 284 00:15:30,200 --> 00:15:33,120 Speaker 1: there's maybe a standalone version at some point, or will 285 00:15:33,160 --> 00:15:37,560 Speaker 1: this interfere with funding the government? It's almost impossible to 286 00:15:37,640 --> 00:15:39,640 Speaker 1: predict at this point. I mean, what we really have 287 00:15:39,760 --> 00:15:43,960 Speaker 1: going on in many ways is an inter party dispute 288 00:15:44,040 --> 00:15:47,520 Speaker 1: as we're describing now between the Democratic majority and the 289 00:15:47,560 --> 00:15:51,840 Speaker 1: Republican minority. But we also have the intrupt party dispute 290 00:15:52,080 --> 00:15:57,800 Speaker 1: inside the Democratic Party and the inability to date of 291 00:15:57,840 --> 00:16:02,720 Speaker 1: the leadership to reconcile the positions of both the progressives 292 00:16:02,920 --> 00:16:06,200 Speaker 1: who are looking to spend this three point five trillion 293 00:16:06,240 --> 00:16:09,760 Speaker 1: dollars social spending bill, which they see as a compromise 294 00:16:09,800 --> 00:16:13,760 Speaker 1: from an original six trillion dollar bill that Bernie Sanders 295 00:16:13,760 --> 00:16:17,680 Speaker 1: had supported, in a very precarious position. It places moderate 296 00:16:17,720 --> 00:16:21,480 Speaker 1: Democrats and especially those that came in ten to give 297 00:16:21,560 --> 00:16:25,800 Speaker 1: Nancy Pelosi the speakership, but are districts that President Trump 298 00:16:25,880 --> 00:16:28,400 Speaker 1: or former President Trump did rather well in or had 299 00:16:28,400 --> 00:16:31,640 Speaker 1: one on a number of occasions, uh puts these moderates 300 00:16:31,640 --> 00:16:34,200 Speaker 1: at risk and also puts Democratic leadership at risk come 301 00:16:34,240 --> 00:16:37,880 Speaker 1: to two elections. So there's a lot of sorting out 302 00:16:37,880 --> 00:16:40,640 Speaker 1: to be done, both on the technical and legislative sides, 303 00:16:40,840 --> 00:16:44,960 Speaker 1: as Jim has described, but also I think strategically, what 304 00:16:45,160 --> 00:16:47,920 Speaker 1: is the direction of the Democratic Party, and they're willing 305 00:16:47,960 --> 00:16:51,160 Speaker 1: to go down, possibly in defeat next year in order 306 00:16:51,200 --> 00:16:54,080 Speaker 1: to try to advance some of these short term, immediate 307 00:16:54,200 --> 00:16:56,600 Speaker 1: legislative goals. Well before we get that far, I'm just 308 00:16:56,640 --> 00:16:58,840 Speaker 1: curious about Monday right now, Jim, as I read the 309 00:16:58,880 --> 00:17:01,520 Speaker 1: Democratic leaders do plan to vote Monday making good on 310 00:17:01,560 --> 00:17:05,359 Speaker 1: that agreement with moderates on the Senate passed infrastructure bill. 311 00:17:05,840 --> 00:17:08,920 Speaker 1: How worried are you that that tips over reconciliation when 312 00:17:08,960 --> 00:17:15,200 Speaker 1: when Progressives then revolt as promised. So I am optimistic. 313 00:17:15,359 --> 00:17:21,760 Speaker 1: I believe that in calendar year, Congress will pass the 314 00:17:21,800 --> 00:17:26,359 Speaker 1: bipartisan infrastructure bill and Democrats will pass a Democrats only 315 00:17:26,560 --> 00:17:31,639 Speaker 1: reconciliation package that is going to be smaller, significantly smaller 316 00:17:31,640 --> 00:17:35,800 Speaker 1: than that three point five train dollar package. The dates 317 00:17:35,880 --> 00:17:39,440 Speaker 1: on those things are very uncertain. So next Monday there's 318 00:17:39,440 --> 00:17:43,160 Speaker 1: going to be a vote and some progressive lawmakers are 319 00:17:43,240 --> 00:17:47,080 Speaker 1: going to vote no on that bill. The question is 320 00:17:47,400 --> 00:17:51,159 Speaker 1: will Republican lawmakers vote in favor of it enough of 321 00:17:51,200 --> 00:17:54,840 Speaker 1: them to pass it. If the same percentage of Republicans 322 00:17:54,960 --> 00:17:56,760 Speaker 1: vote for it in the House as they did in 323 00:17:56,800 --> 00:18:01,520 Speaker 1: the Senate, that's eighty Republican votes and nothing progressives could 324 00:18:01,520 --> 00:18:04,439 Speaker 1: do could stop that. But it looks like there's going 325 00:18:04,480 --> 00:18:09,440 Speaker 1: to be nowhere near that number of votes. So that Monday, Septembote. 326 00:18:09,840 --> 00:18:13,639 Speaker 1: I'm not sure what happens, but eventually this bill passes. Well, John, 327 00:18:13,720 --> 00:18:15,440 Speaker 1: less than a minute here, what's your thought. Are you 328 00:18:15,560 --> 00:18:20,159 Speaker 1: counting votes for Monday? I am not counting votes from 329 00:18:20,200 --> 00:18:23,000 Speaker 1: Monday yet, Joe. But I think Jim is on to 330 00:18:23,080 --> 00:18:25,040 Speaker 1: a very important point here. The question is going to 331 00:18:25,080 --> 00:18:27,800 Speaker 1: be how many of the Republicans are willing to come 332 00:18:27,800 --> 00:18:29,840 Speaker 1: on board, And again, they're going to be dealing with 333 00:18:29,880 --> 00:18:34,199 Speaker 1: the same type of political questions that Democrats on the 334 00:18:34,240 --> 00:18:37,159 Speaker 1: progressive and moderate side are facing. Are they willing to 335 00:18:37,200 --> 00:18:41,639 Speaker 1: potentially risk the wrath of voters, especially in strong Republican districts, 336 00:18:41,840 --> 00:18:44,280 Speaker 1: to be primaried for voting for a bill that makes 337 00:18:44,280 --> 00:18:48,639 Speaker 1: it easier for Democrats to possibly pat as Jim predicts 338 00:18:48,680 --> 00:18:52,520 Speaker 1: a larger social spending bill and if so, they may 339 00:18:52,520 --> 00:18:54,920 Speaker 1: be putting their own re elections at risk. John and 340 00:18:55,000 --> 00:18:56,720 Speaker 1: Jim stay with us for the hour we go to 341 00:18:56,760 --> 00:18:59,560 Speaker 1: the u N. Next, I'm Joe Matthew. This is Bloomberg 342 00:19:01,600 --> 00:19:06,680 Speaker 1: broadcasting live from our nation's capital. Bloomberg to New York, 343 00:19:06,800 --> 00:19:10,960 Speaker 1: Bloomberg eleven, Frio to Boston, Bloomberg one oh six one 344 00:19:11,119 --> 00:19:15,280 Speaker 1: to San Francisco, Bloomberg nine sixty to the Country Serious 345 00:19:15,480 --> 00:19:18,400 Speaker 1: x M Gennel one nine and around the globe the 346 00:19:18,400 --> 00:19:22,600 Speaker 1: Bloomberg Business app and Bloomberg Radio dot Com. This is 347 00:19:22,640 --> 00:19:28,320 Speaker 1: Bloomberg Sound On with Joe Matthew. The headline on the Bloomberg. 348 00:19:28,359 --> 00:19:32,000 Speaker 1: Biden urges action on climate and virus in first u 349 00:19:32,240 --> 00:19:35,920 Speaker 1: N speech is first address to the General Assembly today 350 00:19:35,960 --> 00:19:37,760 Speaker 1: as the President mapped out what he sees with the 351 00:19:37,840 --> 00:19:42,320 Speaker 1: challenges and some potential solutions the next decade, a decade 352 00:19:42,320 --> 00:19:45,199 Speaker 1: that will not include, he says, a cold war with China. 353 00:19:45,280 --> 00:19:47,639 Speaker 1: Will talk about it ahead with David to Fury, former 354 00:19:47,680 --> 00:19:51,480 Speaker 1: State Department official, and Baghdad was foreign policy adviser to 355 00:19:51,520 --> 00:19:54,280 Speaker 1: the Obama campaign. Another crazy day on the street. You 356 00:19:54,359 --> 00:19:56,560 Speaker 1: heard the speech in the middle of it all on Bloomberg. 357 00:19:56,560 --> 00:20:01,480 Speaker 1: President Biden in New York traffic was great his first 358 00:20:01,480 --> 00:20:05,040 Speaker 1: address to the General Assembly, with the iconic staging, the 359 00:20:05,200 --> 00:20:10,399 Speaker 1: soaring backdrop the green marble, Joe Biden outlined his vision 360 00:20:10,440 --> 00:20:15,159 Speaker 1: for the next decade. We've ended it twenty years of 361 00:20:15,200 --> 00:20:19,320 Speaker 1: conflict in Afghanistan, and as we closed this period of 362 00:20:19,320 --> 00:20:23,840 Speaker 1: relentless war, we're opening a new air of relentless diplomacy, 363 00:20:24,200 --> 00:20:28,240 Speaker 1: of using the power of our Development aid to invest 364 00:20:28,280 --> 00:20:31,479 Speaker 1: in new ways of lifting people up around the world. 365 00:20:32,560 --> 00:20:37,119 Speaker 1: Relentless diplomacy had thrown away from America first. But what 366 00:20:37,240 --> 00:20:40,560 Speaker 1: impact did the speech have against the backdrop of Afghanistan, 367 00:20:40,760 --> 00:20:43,639 Speaker 1: not to mention the submarine flap with France and joining 368 00:20:43,720 --> 00:20:46,240 Speaker 1: us to talk through it all. As David to Fury, 369 00:20:46,280 --> 00:20:49,680 Speaker 1: former State Department official in Baghdad, was former policy advisor 370 00:20:49,720 --> 00:20:52,440 Speaker 1: to the Obama campaign in O eight and David, great 371 00:20:52,480 --> 00:20:54,399 Speaker 1: to have you back with us today. Was this speech 372 00:20:54,440 --> 00:20:59,760 Speaker 1: effective considering the rough timing for this White House thanks 373 00:20:59,800 --> 00:21:02,960 Speaker 1: him for having me back. I thought that the speech 374 00:21:03,359 --> 00:21:07,760 Speaker 1: was effective in the sense that he demonstrated that the 375 00:21:07,880 --> 00:21:13,480 Speaker 1: US under his leadership can intends to be a world citizen, 376 00:21:13,960 --> 00:21:19,520 Speaker 1: to engage in multilateral groups and entities and organizations, and 377 00:21:19,840 --> 00:21:23,200 Speaker 1: seeks to promote lofty goals like reducing the threat of 378 00:21:23,240 --> 00:21:28,400 Speaker 1: climate change and the pandemic and supporting global health. Uh. 379 00:21:28,440 --> 00:21:31,560 Speaker 1: The speech talked a lot about what should happen around 380 00:21:31,640 --> 00:21:34,280 Speaker 1: the globe, but was maybe a bit short on how 381 00:21:34,320 --> 00:21:38,479 Speaker 1: the US under Biden's leadership will actually make those things happen. 382 00:21:39,520 --> 00:21:42,879 Speaker 1: His concrete actions that he discussed, to the extent he 383 00:21:42,960 --> 00:21:47,760 Speaker 1: discussed specific actions, were all rooted in multilateralism and the 384 00:21:47,840 --> 00:21:51,679 Speaker 1: importance to the US in his view of the u 385 00:21:51,840 --> 00:21:56,200 Speaker 1: n and of NATO, of the Quad countries with which 386 00:21:56,240 --> 00:22:01,200 Speaker 1: are the US, Japan, India, and Australia, and in rejoining 387 00:22:02,480 --> 00:22:06,800 Speaker 1: treaties that the Trump administration pulled out of, like the 388 00:22:06,840 --> 00:22:10,359 Speaker 1: Paris Climb and Accord, and also rejoining the Human Rights 389 00:22:10,400 --> 00:22:15,160 Speaker 1: Council at the u N which Trump also left. David, 390 00:22:15,160 --> 00:22:17,520 Speaker 1: we're actually getting some sound right now from the White House. 391 00:22:17,560 --> 00:22:19,280 Speaker 1: I hate to interrupt you, but we're gonna listen to 392 00:22:19,400 --> 00:22:21,399 Speaker 1: President Biden for just a moment. It's part of the 393 00:22:21,400 --> 00:22:24,320 Speaker 1: pul spray his conversation as they take some questions. President 394 00:22:24,359 --> 00:22:27,840 Speaker 1: Biden and the Prime Minister of the UK, Boris Johnson, 395 00:22:27,920 --> 00:22:31,080 Speaker 1: let's listen live Harry Dunne case, which is a very 396 00:22:31,160 --> 00:22:34,920 Speaker 1: very very sad case, and everybody's sympathies with the family 397 00:22:34,960 --> 00:22:38,320 Speaker 1: of Harry Dune. I know that the President who has 398 00:22:38,320 --> 00:22:42,080 Speaker 1: been personally trying to move things along, and I'm I'm 399 00:22:42,080 --> 00:22:45,560 Speaker 1: grateful for that. We're gonna take We're gonna take one 400 00:22:46,000 --> 00:22:56,560 Speaker 1: more questions. I'm gonna go. When it came to it 401 00:22:56,640 --> 00:22:59,320 Speaker 1: to a trade deal, you seem to have a difference 402 00:22:59,320 --> 00:23:05,040 Speaker 1: approach because of your heritage. You will concern about the 403 00:23:05,160 --> 00:23:08,199 Speaker 1: Irish protocol. It's not what's holding it about when it 404 00:23:08,240 --> 00:23:12,800 Speaker 1: comes to doing to deal with the UK. There are 405 00:23:12,800 --> 00:23:17,159 Speaker 1: two separate issues. On the deal of the UK that's 406 00:23:17,720 --> 00:23:22,240 Speaker 1: continue to be discussed. But on the protocols, I feel 407 00:23:22,320 --> 00:23:25,960 Speaker 1: very strongly about those. We spent enormous amount of time 408 00:23:26,000 --> 00:23:30,040 Speaker 1: and effort in the United States. It was a major 409 00:23:30,359 --> 00:23:36,720 Speaker 1: bipartisan effort made and I would not at all like 410 00:23:36,880 --> 00:23:40,120 Speaker 1: to see nor I might add what many of my 411 00:23:40,400 --> 00:23:45,120 Speaker 1: Republican colleagues like to see a change in the Irish 412 00:23:45,240 --> 00:23:48,840 Speaker 1: courts and the end result having a closed border. Again 413 00:23:50,720 --> 00:23:56,560 Speaker 1: that that is that's the right. And I went on 414 00:23:56,640 --> 00:23:58,880 Speaker 1: that point, Joe, you know we are we are completely 415 00:23:58,880 --> 00:24:02,480 Speaker 1: at one, and I think nobody wants to see anything 416 00:24:02,520 --> 00:24:09,480 Speaker 1: that uh interrupts or on balances the Belfast Good. That's 417 00:24:09,520 --> 00:24:23,320 Speaker 1: the Belfast Good Farnda agreement. That's that's the getting the 418 00:24:23,400 --> 00:24:25,960 Speaker 1: press out of the Oval Office. As we just put 419 00:24:26,000 --> 00:24:29,240 Speaker 1: a very quick ear on the conversation with Joe Biden 420 00:24:29,400 --> 00:24:33,879 Speaker 1: and Boris Johnson. Took the train. It is usually just 421 00:24:33,920 --> 00:24:35,440 Speaker 1: the same amount of time do or to door, as 422 00:24:35,440 --> 00:24:37,000 Speaker 1: they say, took the train from New York. He was 423 00:24:37,040 --> 00:24:39,040 Speaker 1: at the U N down to Washington and the President 424 00:24:39,080 --> 00:24:43,480 Speaker 1: book ending his day with this bilateral. Uh. David ti 425 00:24:43,600 --> 00:24:47,320 Speaker 1: Fury with US on sound on, former State Department official, 426 00:24:47,920 --> 00:24:50,679 Speaker 1: was foreign policy advisor to the Obama campaign. Thanks for 427 00:24:50,720 --> 00:24:54,560 Speaker 1: standing by for that. Uh. How important is that relationship 428 00:24:54,840 --> 00:24:58,640 Speaker 1: with Great Britain following this dust up with France over 429 00:24:58,840 --> 00:25:02,600 Speaker 1: the submarines? We have out of a minute left here, David. Well, 430 00:25:02,640 --> 00:25:05,359 Speaker 1: that has been and will for a long time be 431 00:25:05,680 --> 00:25:08,560 Speaker 1: the most important relationship for the US in many ways, 432 00:25:08,840 --> 00:25:11,480 Speaker 1: one of our oldest allies, the US and UK c 433 00:25:11,640 --> 00:25:14,439 Speaker 1: eye to eye on so many things. And come, excuse me, 434 00:25:14,640 --> 00:25:17,280 Speaker 1: Biden is making an effort to try to strengthen our 435 00:25:17,320 --> 00:25:20,600 Speaker 1: relationships with our traditional European alliance, and that's what you 436 00:25:20,680 --> 00:25:23,880 Speaker 1: see they're The dust up with France obviously also makes 437 00:25:23,920 --> 00:25:26,560 Speaker 1: it important. I think the UK can help mediate that, 438 00:25:26,680 --> 00:25:30,600 Speaker 1: and my expectation is that the US and France will 439 00:25:30,960 --> 00:25:34,879 Speaker 1: will be able to get past the problems that have 440 00:25:35,160 --> 00:25:38,679 Speaker 1: resulted as results of the submarine deal. How significant was 441 00:25:39,080 --> 00:25:45,680 Speaker 1: the commitment to climate change funding, doubling the US expenditure here, David, 442 00:25:45,720 --> 00:25:48,800 Speaker 1: where's the money going to come from? Well, I think 443 00:25:48,800 --> 00:25:51,880 Speaker 1: that's a good question. And again, as I mentioned at 444 00:25:51,880 --> 00:25:55,600 Speaker 1: the outset, a lot of what Biden spoke about in 445 00:25:55,760 --> 00:26:00,760 Speaker 1: his speech was, you know, setting forth goals, not discussing 446 00:26:00,760 --> 00:26:03,239 Speaker 1: how we're going to reach those goals, not discussing how 447 00:26:03,280 --> 00:26:07,000 Speaker 1: the US is going to accomplish those goals, you know, financially, 448 00:26:07,400 --> 00:26:10,840 Speaker 1: and not discussing really the strategy for the US to 449 00:26:10,880 --> 00:26:16,040 Speaker 1: take leadership on the you know, significant reductions in emissions 450 00:26:16,119 --> 00:26:18,480 Speaker 1: that the US wants to see happen both here in 451 00:26:18,520 --> 00:26:22,160 Speaker 1: the US and around the world. So not a lot 452 00:26:22,160 --> 00:26:26,159 Speaker 1: of detail in this speech like that, David Duffery, we 453 00:26:26,240 --> 00:26:29,280 Speaker 1: do appreciate the insights former State Department officials spend time 454 00:26:29,280 --> 00:26:33,240 Speaker 1: in Baghdad and was Foreign Policy adviser to the Obama campaign. 455 00:26:33,280 --> 00:26:36,639 Speaker 1: This is sound on. We reassemble the panel next to 456 00:26:36,680 --> 00:26:38,399 Speaker 1: get their take on the speech today and what we 457 00:26:38,520 --> 00:26:42,640 Speaker 1: just heard from the Oval Office. Jim Kessler, John slides 458 00:26:43,320 --> 00:26:45,280 Speaker 1: back with us in the panel, coming up to stay here. 459 00:26:45,320 --> 00:27:01,119 Speaker 1: I'm Joe Matthew. This is Bloomberg. Excuse Bloomberg Son on 460 00:27:01,680 --> 00:27:07,199 Speaker 1: with Joe Matthew on bloom Bird Radio. Find it in 461 00:27:07,400 --> 00:27:11,080 Speaker 1: COVID blooming large today at the u N in New York, 462 00:27:11,880 --> 00:27:15,160 Speaker 1: and the President spoke to both as a vaccination van 463 00:27:15,359 --> 00:27:18,760 Speaker 1: was parked outside. They actually call it that, offering people 464 00:27:18,880 --> 00:27:21,160 Speaker 1: J and J shots or a test if they wanted, 465 00:27:22,359 --> 00:27:26,040 Speaker 1: and President Biden speaking inside to the fight against the virus. 466 00:27:26,359 --> 00:27:29,920 Speaker 1: The United States has put more than fifteen billion dollars 467 00:27:30,760 --> 00:27:35,600 Speaker 1: towards global COVID respond the global COVID response, we've shipped 468 00:27:35,640 --> 00:27:39,120 Speaker 1: more than a hundred sixty million doses of COVID nineteen 469 00:27:39,200 --> 00:27:42,800 Speaker 1: vaccine to other countries. This includes a hundred thirty million 470 00:27:42,840 --> 00:27:46,480 Speaker 1: doses from our own supply and the first trashes of 471 00:27:46,520 --> 00:27:49,720 Speaker 1: the half a billion doses of fires the vaccine we 472 00:27:49,800 --> 00:27:54,280 Speaker 1: purchased to donate through KOVACS. And we reassemble the panel 473 00:27:54,320 --> 00:27:56,840 Speaker 1: to talk about elements of the speech. This would be 474 00:27:57,040 --> 00:28:00,840 Speaker 1: good politics, right. Jim Kessler is with us from Third Way, 475 00:28:00,880 --> 00:28:03,919 Speaker 1: former legislative and policy director to Senator Chuck Schumer. Were 476 00:28:03,960 --> 00:28:07,359 Speaker 1: also joined by John Citialitis, surrounding out the panel State 477 00:28:07,359 --> 00:28:10,880 Speaker 1: Department advisor now with Trilogy Advisors. Jim, it's a good 478 00:28:10,880 --> 00:28:13,720 Speaker 1: story to tell, even though the US is often criticized 479 00:28:13,760 --> 00:28:19,159 Speaker 1: for for hoarding the vaccine. Yeah, I mean, look, I 480 00:28:19,240 --> 00:28:24,280 Speaker 1: think Biden gets time marks on vaccines both domestically and abroad. 481 00:28:24,440 --> 00:28:27,640 Speaker 1: It's one of the strong points of his presidency. It's 482 00:28:27,640 --> 00:28:29,760 Speaker 1: one of the reasons why the economy is shot back 483 00:28:29,760 --> 00:28:33,080 Speaker 1: in this country. We were stalling at home here. He's 484 00:28:33,080 --> 00:28:35,479 Speaker 1: trying to do something on that. But I thought this 485 00:28:35,560 --> 00:28:37,399 Speaker 1: was a very strong case for him to make, and 486 00:28:37,440 --> 00:28:40,040 Speaker 1: it was the right case for him to make. John, 487 00:28:40,120 --> 00:28:41,560 Speaker 1: is that a good place to go in a room 488 00:28:41,640 --> 00:28:44,080 Speaker 1: like this. We are making some big promises. I realized 489 00:28:44,080 --> 00:28:47,080 Speaker 1: only three percent of Africa, as we've been reminded recently 490 00:28:47,560 --> 00:28:51,239 Speaker 1: from this administration, have had access to the vaccine. There 491 00:28:51,240 --> 00:28:53,480 Speaker 1: are a lot of countries for getting shipments from the US. 492 00:28:55,640 --> 00:28:57,880 Speaker 1: You know. My own sense is that when you have 493 00:28:58,000 --> 00:29:00,720 Speaker 1: a speech that's being given it to you anderal assembly 494 00:29:00,800 --> 00:29:04,760 Speaker 1: planar recession. You look more towards the kind of geopolitical 495 00:29:04,840 --> 00:29:07,760 Speaker 1: upheaval that the global landscape is going through right now. 496 00:29:07,800 --> 00:29:12,680 Speaker 1: I mean, we're undergoing transformations of political alliances and regional 497 00:29:12,680 --> 00:29:16,280 Speaker 1: balances of power. Joe and I commend the President for 498 00:29:17,240 --> 00:29:19,560 Speaker 1: focusing on the I think, as he put it, managing 499 00:29:19,600 --> 00:29:23,120 Speaker 1: shifts in global power dynamics and shaping the rules of 500 00:29:23,160 --> 00:29:26,640 Speaker 1: the world and facing the threat of global terrorism. I'm 501 00:29:26,680 --> 00:29:30,840 Speaker 1: perplexed as to why he would prioritize defeating COVID when 502 00:29:30,840 --> 00:29:34,800 Speaker 1: we know it's not going to be defeated. Uh, it's unrealistic. 503 00:29:34,920 --> 00:29:38,400 Speaker 1: This is going to become an endemic, and it would 504 00:29:38,400 --> 00:29:40,400 Speaker 1: have been better I think if the President had focused 505 00:29:40,440 --> 00:29:45,400 Speaker 1: on how to prevent future pandemics and specifically on calling 506 00:29:45,400 --> 00:29:49,120 Speaker 1: out China for not working with the World Health Organization 507 00:29:49,240 --> 00:29:52,640 Speaker 1: with the United States to prevent a regional outbreak from 508 00:29:52,640 --> 00:29:56,240 Speaker 1: becoming a global pandemic, and also how we never again 509 00:29:56,320 --> 00:30:00,520 Speaker 1: locked down entire societies and economies because this kind of 510 00:30:00,560 --> 00:30:04,240 Speaker 1: a pandemic. So he I think he emphasized some very 511 00:30:04,240 --> 00:30:09,760 Speaker 1: important issues. I would rather he prioritized geopolitical upheaval over 512 00:30:09,840 --> 00:30:13,880 Speaker 1: COVID and climate policy because by concern on climate policies, 513 00:30:13,920 --> 00:30:16,720 Speaker 1: it's very well intended, but we never address where the 514 00:30:16,760 --> 00:30:19,080 Speaker 1: money is going to go, and how do we ensure 515 00:30:19,120 --> 00:30:24,320 Speaker 1: that US taxpayer funds don't go to corrupt dictatorships, fiefdoms 516 00:30:24,360 --> 00:30:27,960 Speaker 1: and the like. Simply looking to grab global Western finance 517 00:30:28,520 --> 00:30:31,040 Speaker 1: isn't though, John, it worth taking a victory lap on 518 00:30:31,080 --> 00:30:33,360 Speaker 1: the country that came up with the vaccines and the 519 00:30:33,360 --> 00:30:36,120 Speaker 1: millions of doses that have been shipped out. There's got 520 00:30:36,120 --> 00:30:39,880 Speaker 1: to be some good duds in this speech, absolutely, and 521 00:30:39,920 --> 00:30:43,719 Speaker 1: the United States deserves full credit for Operation Warp Speed 522 00:30:43,800 --> 00:30:46,120 Speaker 1: and for the manner in which this administration has been 523 00:30:46,160 --> 00:30:50,320 Speaker 1: able to distribute vaccines. But I don't think that's the 524 00:30:50,440 --> 00:30:52,520 Speaker 1: number one issue that we talked about at the U 525 00:30:52,680 --> 00:30:55,200 Speaker 1: N planetary recession. I think there's an important place for 526 00:30:55,280 --> 00:30:57,840 Speaker 1: that in the speech, But what's more important is the 527 00:30:57,920 --> 00:31:00,680 Speaker 1: future of the world. And this is going to hinge 528 00:31:00,720 --> 00:31:04,160 Speaker 1: on the US China relationship, and this relationship is going 529 00:31:04,200 --> 00:31:09,480 Speaker 1: to forge almost every important diplomatic, financial, commercial, and security 530 00:31:09,520 --> 00:31:12,960 Speaker 1: relationship around the world for years in decades to come, 531 00:31:13,280 --> 00:31:16,360 Speaker 1: and I think President Biden's vision for the next several 532 00:31:16,400 --> 00:31:18,960 Speaker 1: decades would have been more appropriate at the top of 533 00:31:19,000 --> 00:31:21,920 Speaker 1: the speech. I don't want to suggest he lead with 534 00:31:21,920 --> 00:31:24,720 Speaker 1: with COVID that that was not the first thing out 535 00:31:24,760 --> 00:31:28,200 Speaker 1: of his mouth, to be fair, but I found perplexing. Yes, Jim, 536 00:31:28,640 --> 00:31:30,800 Speaker 1: let's talk about the climate. That was a big part 537 00:31:30,800 --> 00:31:34,560 Speaker 1: of the speech here. As President Biden committed in April 538 00:31:34,640 --> 00:31:39,440 Speaker 1: five point seven billion dollars to help UH support low 539 00:31:39,520 --> 00:31:43,960 Speaker 1: income countries with climate change, the President now promising to 540 00:31:44,080 --> 00:31:48,200 Speaker 1: double financial support and said he'd work with Congress. You 541 00:31:48,280 --> 00:31:50,320 Speaker 1: spent enough time in the halls of Congress, Jim, to 542 00:31:50,440 --> 00:31:54,240 Speaker 1: know how tentative a promise like that might sound. Where 543 00:31:54,280 --> 00:31:56,360 Speaker 1: is the money going to come from? What it will 544 00:31:56,400 --> 00:32:00,440 Speaker 1: probably come from an appropriations bill. Um, it's easy to 545 00:32:00,480 --> 00:32:03,360 Speaker 1: get that kind of money that but it's possible. I mean, 546 00:32:03,400 --> 00:32:06,000 Speaker 1: compared to some of the other numbers we're talking about 547 00:32:06,040 --> 00:32:10,400 Speaker 1: that that is not an astronomical number there. But I 548 00:32:10,400 --> 00:32:14,440 Speaker 1: think to your larger question this, you know we're this 549 00:32:14,600 --> 00:32:16,720 Speaker 1: next couple of years is really a make or break 550 00:32:16,800 --> 00:32:20,720 Speaker 1: couple of years on climate, both domestically and internationally. Domestically, 551 00:32:20,800 --> 00:32:25,440 Speaker 1: it's the Reconciliation bill plus the infrastructure bill, and internationally 552 00:32:25,640 --> 00:32:29,280 Speaker 1: it's not just getting back into some of these agreements, 553 00:32:29,320 --> 00:32:33,640 Speaker 1: but really implementing the policies that are going to drastically 554 00:32:34,080 --> 00:32:38,800 Speaker 1: reduce the carbon footprint of much of the world, including China. 555 00:32:38,840 --> 00:32:42,880 Speaker 1: And China has started in the right direction, but that's 556 00:32:42,920 --> 00:32:46,120 Speaker 1: a huge area where you know, they're now the largest 557 00:32:46,160 --> 00:32:50,240 Speaker 1: polluter in the world. So, um, this is the big challenge, 558 00:32:50,280 --> 00:32:53,360 Speaker 1: and he spoke to it, and that was important. President. 559 00:32:53,440 --> 00:32:55,840 Speaker 1: She was not in New York today. For what it's worth, 560 00:32:55,880 --> 00:32:58,680 Speaker 1: I'd like to ask you both about the message on China, 561 00:32:58,720 --> 00:33:00,560 Speaker 1: though we heard a preview on us from the White 562 00:33:00,600 --> 00:33:03,600 Speaker 1: House yesterday and today. The President said himself that we 563 00:33:03,640 --> 00:33:06,640 Speaker 1: are not seeking a cold war, that we are not 564 00:33:06,720 --> 00:33:10,360 Speaker 1: in a cold war with China. Competition, Uh is what 565 00:33:10,520 --> 00:33:13,360 Speaker 1: the White House is, you know, a close competitor of ours, 566 00:33:13,440 --> 00:33:17,400 Speaker 1: not conflict as what the White House is seeing here, John, 567 00:33:17,400 --> 00:33:19,520 Speaker 1: How would we know if the Cold war was getting 568 00:33:19,520 --> 00:33:24,600 Speaker 1: started something we already have one underway? Well, Joe, some 569 00:33:24,760 --> 00:33:28,720 Speaker 1: might posit that the Chinese Communist Party has already launched 570 00:33:28,760 --> 00:33:31,920 Speaker 1: a cold war against the United States and and against 571 00:33:31,920 --> 00:33:35,160 Speaker 1: the global West. And this began with the desire to 572 00:33:35,240 --> 00:33:39,800 Speaker 1: take over the great technological breakthrough advancements of the next 573 00:33:39,800 --> 00:33:43,160 Speaker 1: ten to fifteen years under a policy called Made in China, 574 00:33:44,600 --> 00:33:47,880 Speaker 1: and they announced China Standards five where they intend to 575 00:33:47,920 --> 00:33:51,680 Speaker 1: say all of the future platforms, norms, and standards for 576 00:33:51,720 --> 00:33:55,640 Speaker 1: all the major technology in the decades ahead. And they're 577 00:33:55,640 --> 00:33:58,520 Speaker 1: also looking to decouple from the US economy to wean 578 00:33:58,680 --> 00:34:02,280 Speaker 1: their economy from depend and song Silicon Valley. So this 579 00:34:02,360 --> 00:34:04,320 Speaker 1: has begun in many ways, and we haven't even talked 580 00:34:04,320 --> 00:34:08,080 Speaker 1: about the military belligerents of the Chinese navy in the 581 00:34:08,120 --> 00:34:12,000 Speaker 1: South China Sea against its neighbors, against Japan, against Taiwan. 582 00:34:12,560 --> 00:34:15,359 Speaker 1: And so we're responding to what I think has been 583 00:34:15,440 --> 00:34:19,439 Speaker 1: an initiated, if not out war, certainly a cool war 584 00:34:19,800 --> 00:34:23,920 Speaker 1: emanating from Beijing against its neighbors and against the global 585 00:34:23,960 --> 00:34:27,279 Speaker 1: international order. It does, Jim, remind us of, you know, 586 00:34:27,320 --> 00:34:30,440 Speaker 1: the the in flight interceptions that would happen from time 587 00:34:30,480 --> 00:34:32,920 Speaker 1: to time and even still do with Russia. Do you 588 00:34:32,960 --> 00:34:34,840 Speaker 1: think we're in the starts of a cold war with 589 00:34:34,960 --> 00:34:39,160 Speaker 1: China already? Jim Kessler, I'm not sure the analogy holds. 590 00:34:39,280 --> 00:34:41,440 Speaker 1: I think this is going to be a very unique 591 00:34:41,480 --> 00:34:47,799 Speaker 1: and very different type of competition slash conflict. These economies, 592 00:34:47,920 --> 00:34:52,080 Speaker 1: forget the decouple in these economies are so intertwined in decoupling, 593 00:34:52,520 --> 00:34:56,359 Speaker 1: you can only do it on the margins um So 594 00:34:56,520 --> 00:35:01,279 Speaker 1: these are the economies are both immensely large. China has 595 00:35:01,320 --> 00:35:04,600 Speaker 1: an interest in the United States keeping the world peace 596 00:35:04,640 --> 00:35:09,359 Speaker 1: out there because it profits off of America's stability. At 597 00:35:09,400 --> 00:35:12,560 Speaker 1: the same time, China, you know, wants to spread its 598 00:35:12,640 --> 00:35:18,680 Speaker 1: digital authoritarian version of quasi capitalism throughout the world. So 599 00:35:19,480 --> 00:35:24,440 Speaker 1: we're in an unprecedented situation and an unprecedented rival that 600 00:35:25,360 --> 00:35:28,160 Speaker 1: we're going to have to figure this out in China. 601 00:35:28,239 --> 00:35:31,239 Speaker 1: Also every step of the way, I'm not sure the 602 00:35:31,320 --> 00:35:37,040 Speaker 1: Russia Court War analogy quite fits here. Jim Kessler john said, 603 00:35:37,080 --> 00:35:39,520 Speaker 1: elites with us for the panel. And one more thought, 604 00:35:40,000 --> 00:35:42,480 Speaker 1: as it was Tip O'Neil right who said all politics 605 00:35:42,680 --> 00:35:45,480 Speaker 1: is local, and it sure felt that way in the 606 00:35:45,520 --> 00:35:49,400 Speaker 1: Oval Office today as Boris Johnson got him I mentioned 607 00:35:49,400 --> 00:35:51,360 Speaker 1: this earlier, got his way from New York to Washington 608 00:35:51,400 --> 00:35:53,279 Speaker 1: to meet with the President the U n to the 609 00:35:53,280 --> 00:35:56,680 Speaker 1: Oval Office rotting am track and of course he's sitting 610 00:35:56,719 --> 00:35:59,000 Speaker 1: there with Amtrak Joe, who's looking to put a lot 611 00:35:59,040 --> 00:36:01,359 Speaker 1: of money into this train system. Here's what it sounded like. 612 00:36:01,920 --> 00:36:05,520 Speaker 1: You came down on amtrack, Is that right? And you were, 613 00:36:05,560 --> 00:36:10,480 Speaker 1: you were a living dead millions of miles. You think 614 00:36:10,520 --> 00:36:14,640 Speaker 1: I'm joking, Well, they should. I travel more on Amtrak, 615 00:36:15,160 --> 00:36:17,080 Speaker 1: and I think if I were a conductor, I'd be 616 00:36:17,160 --> 00:36:21,960 Speaker 1: number one on SR It's good politics again. I suppose 617 00:36:22,040 --> 00:36:24,080 Speaker 1: Jim Kessler does that to help to get a couple 618 00:36:24,080 --> 00:36:27,440 Speaker 1: of billion dollars for Amtrak next month. I hope so. 619 00:36:27,560 --> 00:36:30,040 Speaker 1: And I just want to say that the Amtrak cheeseburger 620 00:36:30,280 --> 00:36:35,239 Speaker 1: is an underrated delicacy on the track. Boy, I'll tell 621 00:36:35,280 --> 00:36:37,160 Speaker 1: you what. The line is always too long for me 622 00:36:37,200 --> 00:36:39,600 Speaker 1: in the in the cafe card John, how about you? 623 00:36:41,960 --> 00:36:45,920 Speaker 1: There is bi parties in support for a federal rail network. 624 00:36:46,200 --> 00:36:48,640 Speaker 1: I think that's going to be a critical component of 625 00:36:48,680 --> 00:36:52,759 Speaker 1: what hopefully will be a successful a trillion dollar infrastructure 626 00:36:52,840 --> 00:36:56,319 Speaker 1: vote next week. It's coming up. You think we get 627 00:36:56,360 --> 00:36:59,120 Speaker 1: that voted. They've they've promised it, Jim, Does that happen 628 00:36:59,200 --> 00:37:01,400 Speaker 1: on Monday? And I guess a better question is does 629 00:37:01,440 --> 00:37:04,440 Speaker 1: it actually go to the President's desk after it's past. 630 00:37:06,040 --> 00:37:08,879 Speaker 1: It will definitely get to the president's desk. I am 631 00:37:08,880 --> 00:37:12,440 Speaker 1: not certain to get to the president's desk next week. Wow, 632 00:37:12,520 --> 00:37:14,719 Speaker 1: So we could still have a little a little bit 633 00:37:14,800 --> 00:37:16,920 Speaker 1: of a ping pong here between the two. Do you 634 00:37:16,960 --> 00:37:22,399 Speaker 1: see them holding off on a reconciliation vote? John, Uh, Look, 635 00:37:22,440 --> 00:37:25,799 Speaker 1: politics is not only local. It can be very, very uncertain, 636 00:37:25,800 --> 00:37:28,040 Speaker 1: and I think that's really what we're looking at over 637 00:37:28,080 --> 00:37:30,680 Speaker 1: the next couple of weeks. I've since Jim's prediction is 638 00:37:30,719 --> 00:37:34,440 Speaker 1: fascinating and I'm not going against him. Yeah, they passed 639 00:37:34,480 --> 00:37:36,280 Speaker 1: the bill, then they sit on it for a minute. 640 00:37:36,760 --> 00:37:41,400 Speaker 1: Keep it on ice if not a cool or According 641 00:37:41,400 --> 00:37:45,040 Speaker 1: to John Cielites and Jim Castler, thank you both for 642 00:37:45,160 --> 00:37:49,360 Speaker 1: making up our panel here on the Tuesday edition of 643 00:37:49,480 --> 00:37:52,239 Speaker 1: Sound On. We'll let you know how things play with 644 00:37:52,280 --> 00:37:54,799 Speaker 1: the vote tonight government funding, debt ceiling. I'll meet you 645 00:37:54,840 --> 00:37:57,200 Speaker 1: back here tomorrow on the fastest hour in Politics, Where 646 00:37:57,200 --> 00:38:00,880 Speaker 1: does it Go? I'm Joe Matthew and this is Boomber