WEBVTT - Senate Advances Plan to End Shutdown, More

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<v Speaker 1>News when you wanted with Bloomberg News and now I'm

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<v Speaker 1>Doug Prisoner. The US government shutdown appears to be nearing

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<v Speaker 1>an end. Tonight, the Senate took the first step with

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<v Speaker 1>passage of a procedural vote. It advances three government funding

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<v Speaker 1>bills for next year. This is after a group of

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<v Speaker 1>eight moderate Senate Democrats voted in favor. None of the bills, however,

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<v Speaker 1>address the impending expiration of subsidies for the Affordable Care Act.

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<v Speaker 1>Even so, Democrats have secured a pledge by Republicans to

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<v Speaker 1>vote on a bill to renew the ACA tax credits

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<v Speaker 1>by mid December. Angus King is independent senator from Maine

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<v Speaker 1>who caucuses with the Democrats. Here is King on why

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<v Speaker 1>he voted in favor of this deal.

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<v Speaker 2>So the question before us, for those of us here

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<v Speaker 2>who decided to vote yes tonight, the question was does

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<v Speaker 2>the shutdown further the goal of achieving some needed support

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<v Speaker 2>for the extension of the tax credits. Our judgment was

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<v Speaker 2>that it will not. It would not produce that result,

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<v Speaker 2>and the evidence for that is almost seven weeks of

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<v Speaker 2>fruitless attempts to make that happen. It would it change

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<v Speaker 2>in a week or another week? Or after Thanksgiving or Christmas,

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<v Speaker 2>and there's no evidence that it.

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<v Speaker 1>Would at is Angus King, independent Senator from Maine. Meantime,

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<v Speaker 1>US airlines canceled more than twenty one hundred flights today,

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<v Speaker 1>mostly because of the shutdown and the FAA's order to

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<v Speaker 1>reduce air traffic. The slow down at forty of the

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<v Speaker 1>nation's busiest airports is now in its third day. On

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<v Speaker 1>Sunday alone, there were more than seven thousand additional flight delays,

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<v Speaker 1>and today Transportation Secretary Sean Duffy said air travel would

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<v Speaker 1>come to a virtual standstill during the Thanksgiving holiday. Here's

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<v Speaker 1>Duffy on Fox News Sunday.

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<v Speaker 3>As I look two weeks out, as we get closer

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<v Speaker 3>to Thanksgiving, travel listen, I think what's going to happen

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<v Speaker 3>is you're going to have air travel slow to a trickle.

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<v Speaker 3>Everyone wants to travel to see their families. I think

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<v Speaker 3>we're going to see our traffic controllers very few of

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<v Speaker 3>them coming to work, which means, yes, you'll have a

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<v Speaker 3>few flights taken off and landing at our different airports

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<v Speaker 3>across the country. But the thousands of flights that happen

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<v Speaker 3>every day to move people around the country for this

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<v Speaker 3>great American holiday, it's not going to happen.

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<v Speaker 1>Transportation Secretary Sean Duffy is speaking to Fox News Sunday.

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<v Speaker 1>The Trump administration has told states to immediately undo any

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<v Speaker 1>action they've taken to fully fund November Snap benefits. On Saturday,

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<v Speaker 1>the USDA issued the directive and said that states that

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<v Speaker 1>don't comply could face financial penalties. This creates further uncertainty

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<v Speaker 1>around the food assistance program supporting forty two million Americans.

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<v Speaker 1>Here is Maryland Governor Wes Moore speaking on CBS Face

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<v Speaker 1>the Nation.

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<v Speaker 4>They have money for everything. They got money to fight wars,

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<v Speaker 4>they got money for ballrooms, they got money for everything.

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<v Speaker 4>But when it comes to supporting the American people, that's

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<v Speaker 4>now when they are crying, Well, we're broke, and that's

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<v Speaker 4>not what the law requires us to do.

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<v Speaker 1>Maryland Governor more speaking on CBS Face the Nation. Two

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<v Speaker 1>Major League baseball pitchers have been indicted on charges they

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<v Speaker 1>took bribes to give Sportspeedder's advanced notice on the types

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<v Speaker 1>of pitches they'd throw. Emmanuel Class and Luis Ortiz both

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<v Speaker 1>pitched for the Cleveland Guardians. They are accused of intentionally

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<v Speaker 1>tossing balls instead of strikes. To ensure successful bets. Earlier today,

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<v Speaker 1>class and Ortes were charged with fraud, conspiracy, and bribery.

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<v Speaker 1>Now prosecutor say Ortes was arrested Sunday morning in Boston

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<v Speaker 1>and he will appear in court on Monday. Class A

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<v Speaker 1>is not yet in custody. President Trump is suggesting most

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<v Speaker 1>Americans may receive a tariff dividend of at least two

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<v Speaker 1>thousand dollars, and today US Treasury Secretary Scott Besson said

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<v Speaker 1>the president's suggestion could come through tax cuts passed and

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<v Speaker 1>the Economic Policy Bill earlier this year. Appearing this morning

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<v Speaker 1>on ABC's This Week, Besson said he hadn't spoken to

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<v Speaker 1>the President about this idea, but the two thousand dollars

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<v Speaker 1>dividend could come in lots of forms, in lots of ways.

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<v Speaker 5>It could be just the tax decreases that we are

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<v Speaker 5>seeing on the President's agenda. You know, no tax on tips,

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<v Speaker 5>no tax on overtime, no tax on solid security, deductibility

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<v Speaker 5>of auto loans, so you know, those are substantial deductions

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<v Speaker 5>that are being financed in the tax bill.

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<v Speaker 1>Treasury Secretary Scott Besson, speaking on ABC's This Week for

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<v Speaker 1>the first time in more than eighty years, a Syrian

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<v Speaker 1>leader is coming to the White House. Bloomberg's Nathan Hager

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<v Speaker 1>has a preview from Washington.

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<v Speaker 6>Syrian President Akhmed al Sharah will meet with President Trump

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<v Speaker 6>on Monday, less than a year after the one time

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<v Speaker 6>Islamist rebel overthrow Bashar al Assad's dictatorship. This will be

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<v Speaker 6>Shara's second meeting with the President. The first in Saudi

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<v Speaker 6>Arabia in May led to a promise to lift US sanctions.

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<v Speaker 6>Sharraz hoping to secure more relief this week and to

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<v Speaker 6>get more US help against Israeli incursions into Syria as

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<v Speaker 6>President Trump hopes to bring Syria into the Abraham Accord

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<v Speaker 6>and normalize relations with Israel. In Washington, I'm Nathan Hager,

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<v Speaker 6>Bloomberg Radio.

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<v Speaker 1>Earlier today, Blue Origin delayed a planned second flight of

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<v Speaker 1>its New Glen rocket. The Jeff Bezos backed space company

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<v Speaker 1>cited weather conditions and unspecified issues with ground equipment. It's

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<v Speaker 1>unclear when the company will reattempt the flight. As a

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<v Speaker 1>result of the government shutdown, the FAA last week issued

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<v Speaker 1>an emergency directive banning commercial launches and re entries during

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<v Speaker 1>a time window in which a backup launch of New

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<v Speaker 1>Glen was planned. Now a successful flight would put Blue

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<v Speaker 1>Origin back on track to challenge the grip that Elon

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<v Speaker 1>Musk's SpaceX company has on the rocket business. And that

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<v Speaker 1>is news when you want it with Bloomberg News. Now,

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<v Speaker 1>I'm Doug Prisoner and this is Bloomberg