1 00:00:03,040 --> 00:00:07,280 Speaker 1: Live from our nation's capital. This is Bloomberg's sound on 2 00:00:08,560 --> 00:00:12,160 Speaker 1: middle income families need help. We're coming out of COVID nineteen. 3 00:00:12,360 --> 00:00:14,360 Speaker 1: You want to keep our economy strong. When you have 4 00:00:14,400 --> 00:00:17,440 Speaker 1: an infrastructure build, there's spin off back, there's spinofftion cities 5 00:00:17,440 --> 00:00:21,800 Speaker 1: from towns all across America. Floomberg Sound on Politics, policy 6 00:00:21,840 --> 00:00:25,119 Speaker 1: and perspective from DC's top name. So we need to 7 00:00:25,200 --> 00:00:29,600 Speaker 1: incentivize the manufacturing of chips in America. I do believe 8 00:00:29,640 --> 00:00:32,159 Speaker 1: the Vaccino of date and effective. I think what government's 9 00:00:32,280 --> 00:00:35,120 Speaker 1: role is is to share the clients, share the fact 10 00:00:35,479 --> 00:00:39,760 Speaker 1: share the benefits. Floomberg surround on with Joe Matthew On 11 00:00:39,960 --> 00:00:45,520 Speaker 1: Bloomberg Radio. President Biden delivers his most complete remarks yet 12 00:00:45,640 --> 00:00:49,560 Speaker 1: on the situation in Afghanistan, even took reporters questions this time, 13 00:00:49,640 --> 00:00:53,159 Speaker 1: as the U. S. Military continues to evacuate thousands of 14 00:00:53,200 --> 00:00:57,200 Speaker 1: Americans and our Afghan allies from Kabbal and coming up, 15 00:00:57,200 --> 00:01:00,080 Speaker 1: we'll talk about rescuing those allies from the Taliban and 16 00:01:00,240 --> 00:01:04,520 Speaker 1: what happens after we leave. With Omar Samad, former Afghan 17 00:01:04,560 --> 00:01:07,280 Speaker 1: ambassador to Canada and an expert on the region, will 18 00:01:07,319 --> 00:01:10,880 Speaker 1: assemble as well. Our Friday Reporters Roundtable. This week, we've 19 00:01:10,880 --> 00:01:14,039 Speaker 1: got Bloomberg White House correspondent Josh wind Grove joining Bloomberg 20 00:01:14,120 --> 00:01:17,119 Speaker 1: Governments Jack Fitzpatrick. They'll be with us in a moment, 21 00:01:17,200 --> 00:01:19,960 Speaker 1: and welcome to the Friday edition of Bloomberg. Sound On. 22 00:01:20,319 --> 00:01:22,440 Speaker 1: This is one of the l This is one of 23 00:01:22,440 --> 00:01:26,480 Speaker 1: the largest, most difficult airlifts in history. And the only 24 00:01:26,520 --> 00:01:29,000 Speaker 1: country in the world capable of projecting in this much 25 00:01:29,040 --> 00:01:32,480 Speaker 1: power on the far side of the world with this 26 00:01:32,600 --> 00:01:36,280 Speaker 1: degree of precision is the United States of America. President 27 00:01:36,280 --> 00:01:38,720 Speaker 1: Biden today in the East Room, where he was flanked 28 00:01:38,720 --> 00:01:42,800 Speaker 1: by Vice President Kamala Harris, Secretary of State Anthony B. Lincoln, 29 00:01:42,840 --> 00:01:46,640 Speaker 1: Defense Secretary Lloyd Austin, all masked, standing on the carpet, 30 00:01:47,440 --> 00:01:50,280 Speaker 1: making clear all Americans, the President says, who want to 31 00:01:50,320 --> 00:01:53,120 Speaker 1: get out of the country will get out. And the same, 32 00:01:53,160 --> 00:01:57,040 Speaker 1: he says, goes for our Afghan allies. Yes, we're making 33 00:01:57,040 --> 00:01:59,600 Speaker 1: the same commitment. There's no one more important than bringing 34 00:01:59,640 --> 00:02:03,720 Speaker 1: America citizens out. I acknowledge that. But they're equally important, 35 00:02:03,720 --> 00:02:06,920 Speaker 1: almost as all those who those s I vs we 36 00:02:07,000 --> 00:02:09,880 Speaker 1: call them, who in fact helped us some of the 37 00:02:09,919 --> 00:02:13,280 Speaker 1: most direct language. Frankly, the most direct commitment to that 38 00:02:13,440 --> 00:02:15,880 Speaker 1: end that we have heard from the President over the 39 00:02:15,919 --> 00:02:17,600 Speaker 1: past week. Just a couple of days ago when he 40 00:02:17,680 --> 00:02:21,000 Speaker 1: was talking on ABC News with George Stephanopolis, it was 41 00:02:21,080 --> 00:02:24,200 Speaker 1: will do what we can. Now it appears to be 42 00:02:24,240 --> 00:02:29,320 Speaker 1: a guarantee. Those some say, those same interpreters, drivers, contractors 43 00:02:29,320 --> 00:02:32,600 Speaker 1: who helped us, helped Americans in the war, are already 44 00:02:32,600 --> 00:02:35,200 Speaker 1: being hunted down by the Taliban and joining us to 45 00:02:35,200 --> 00:02:37,040 Speaker 1: talk about what's happening right now on the ground in 46 00:02:37,120 --> 00:02:40,079 Speaker 1: Cobble and what might be next for this new government. 47 00:02:40,960 --> 00:02:44,480 Speaker 1: Is Omar Samad, former Afghan Ambassador to Canada, a position 48 00:02:44,520 --> 00:02:47,400 Speaker 1: he held from two thousand four to two thousand nine. 49 00:02:47,440 --> 00:02:52,639 Speaker 1: He was also Afghan Ambassador to France. Mr Ambassador, thanks 50 00:02:52,680 --> 00:02:55,640 Speaker 1: for joining us. Do you believe it is possible for 51 00:02:55,680 --> 00:02:58,640 Speaker 1: the US to evacuate Afghans as well as Americans who 52 00:02:58,680 --> 00:03:03,520 Speaker 1: want to leave? Well, thank you, Joe. I think initially 53 00:03:03,560 --> 00:03:07,520 Speaker 1: it's important that and if the responsibility of the President 54 00:03:07,520 --> 00:03:10,200 Speaker 1: of the United States and the government to make sure 55 00:03:10,240 --> 00:03:15,800 Speaker 1: that the Americans are out and anyone with ties to 56 00:03:15,840 --> 00:03:20,160 Speaker 1: America like permanent residents and others. And then of course 57 00:03:20,160 --> 00:03:23,560 Speaker 1: there are those Afghans who have played a role and 58 00:03:23,680 --> 00:03:27,959 Speaker 1: helped American presidents and have honessed on since two thousand one. 59 00:03:28,280 --> 00:03:29,959 Speaker 1: So there are probably a lot of people. But I 60 00:03:30,000 --> 00:03:33,520 Speaker 1: also have to tell you that one estimate is that 61 00:03:33,639 --> 00:03:38,720 Speaker 1: already seventy thousand, seven zero thousand Afghans who were part 62 00:03:38,760 --> 00:03:42,600 Speaker 1: of this contingent of Afrighans who helped Americans already are 63 00:03:42,640 --> 00:03:45,840 Speaker 1: in the United States. And so now we're expecting maybe 64 00:03:45,880 --> 00:03:49,600 Speaker 1: tens of thousands more coming to the US. And you 65 00:03:49,720 --> 00:03:51,640 Speaker 1: have to vet all of this. You have to make 66 00:03:51,640 --> 00:03:55,280 Speaker 1: sure that these are people who are part of this 67 00:03:55,680 --> 00:04:00,280 Speaker 1: large contingent who can apply and want to apply, need 68 00:04:00,360 --> 00:04:03,160 Speaker 1: to come to safety if there is a need for 69 00:04:03,200 --> 00:04:06,440 Speaker 1: them to do so. Well. There are reports that some 70 00:04:06,560 --> 00:04:09,960 Speaker 1: of our Afghan allies are already being hunted down. As 71 00:04:10,000 --> 00:04:15,040 Speaker 1: I mentioned, some Taliban showing up at at homes at night, 72 00:04:15,160 --> 00:04:18,359 Speaker 1: knocking on doors looking for these people. And one of 73 00:04:18,400 --> 00:04:21,640 Speaker 1: them was asked about today. Ab Duel was his name, 74 00:04:21,640 --> 00:04:24,680 Speaker 1: and ABC News reporter, I guess they profiled him and 75 00:04:24,680 --> 00:04:27,279 Speaker 1: they followed up on him. His family says the Taliban 76 00:04:27,400 --> 00:04:29,320 Speaker 1: came hunting him down last night. This is what the 77 00:04:29,360 --> 00:04:32,440 Speaker 1: President said in response. We want you to be able 78 00:04:32,440 --> 00:04:34,920 Speaker 1: to get to the airport contact us. We'll see you 79 00:04:34,920 --> 00:04:37,680 Speaker 1: whenever we can do to get you there. We've got 80 00:04:37,680 --> 00:04:41,360 Speaker 1: to get you out. We are committed to deal with you, 81 00:04:41,360 --> 00:04:43,719 Speaker 1: your wife and your child to get all three of 82 00:04:43,760 --> 00:04:47,320 Speaker 1: you out of Afghanistan. That's the commitment. I guess i'd 83 00:04:47,360 --> 00:04:50,719 Speaker 1: ask you again, then, ambassador, is that possible to fulfill 84 00:04:50,800 --> 00:04:56,560 Speaker 1: that commitment? Of course, so they, I mean, the Taliban 85 00:04:56,760 --> 00:05:00,400 Speaker 1: have made a few pledges, and the president also mentioned 86 00:05:00,400 --> 00:05:06,400 Speaker 1: that they have on one hand proclaimed full total amnesty 87 00:05:06,440 --> 00:05:09,719 Speaker 1: across the board to anyone who has been part of 88 00:05:09,720 --> 00:05:14,560 Speaker 1: the last twenty years years missions. Now, what are they 89 00:05:14,640 --> 00:05:17,000 Speaker 1: going to stick to this or they're going to Uh 90 00:05:17,200 --> 00:05:19,480 Speaker 1: can they be trusted with that? I don't know. We'll 91 00:05:19,560 --> 00:05:22,600 Speaker 1: have to see. Obviously there are cases where this doesn't 92 00:05:23,200 --> 00:05:28,880 Speaker 1: this doesn't really apply. Then you have the Afghans themselves 93 00:05:28,880 --> 00:05:31,720 Speaker 1: who there are also opportunists in the middle of these. 94 00:05:31,760 --> 00:05:34,680 Speaker 1: There are people who really don't deserve or they're not 95 00:05:34,800 --> 00:05:38,520 Speaker 1: part of this contingent. There are people who pretend that 96 00:05:38,560 --> 00:05:41,080 Speaker 1: they need and they want to take it out. But 97 00:05:41,200 --> 00:05:45,040 Speaker 1: then you have to make sure that those who are 98 00:05:45,080 --> 00:05:49,159 Speaker 1: deserving and they are willing to do this get to 99 00:05:49,240 --> 00:05:51,960 Speaker 1: apply and get through the system. Well, this is why. 100 00:05:51,960 --> 00:05:54,280 Speaker 1: Of course, you know, the Taliban itself is apparently checking 101 00:05:54,360 --> 00:05:56,800 Speaker 1: paperwork here at a series of gates that have been 102 00:05:56,839 --> 00:05:59,960 Speaker 1: set up around the airport. You know the Taliban ambass 103 00:06:00,000 --> 00:06:02,640 Speaker 1: that or do you trust the people guarding those gates 104 00:06:02,680 --> 00:06:07,280 Speaker 1: to let the right people through? Well, I can't tell 105 00:06:07,320 --> 00:06:09,800 Speaker 1: you if I trust them or not. It's a question 106 00:06:10,000 --> 00:06:13,920 Speaker 1: of having an agreement that you stick to and make 107 00:06:13,960 --> 00:06:17,360 Speaker 1: sure that both sides do what they have to do. 108 00:06:17,760 --> 00:06:21,159 Speaker 1: So far, it's not like the gates are being closed. 109 00:06:21,360 --> 00:06:23,840 Speaker 1: The Taliban are allowing people to get in. It's just 110 00:06:23,920 --> 00:06:26,200 Speaker 1: a question of who are they allowing to come in, 111 00:06:26,600 --> 00:06:31,880 Speaker 1: Who are they pushing back? And why are they doing so? 112 00:06:32,000 --> 00:06:35,760 Speaker 1: And is this is this just hype or is it reality? 113 00:06:35,920 --> 00:06:37,839 Speaker 1: Is it one place? Is it all over the place. 114 00:06:38,279 --> 00:06:41,839 Speaker 1: So what they have done is kept away from the parameter, 115 00:06:42,360 --> 00:06:45,839 Speaker 1: and so keeping away from the parameter means that they 116 00:06:46,040 --> 00:06:50,640 Speaker 1: have respected the fact that the airport and wherever there 117 00:06:50,640 --> 00:06:56,960 Speaker 1: are US and Afghan still old Afghan government forces, that 118 00:06:56,960 --> 00:06:59,200 Speaker 1: that that they are not going to intrude, and that 119 00:06:59,320 --> 00:07:01,839 Speaker 1: I think is a good step. But at the same 120 00:07:01,880 --> 00:07:05,200 Speaker 1: time you have to hold them accountable. We're talking with 121 00:07:05,279 --> 00:07:09,039 Speaker 1: Omar Samas, senior Advisor to the Chief Executive of Afghanistan, 122 00:07:09,200 --> 00:07:13,040 Speaker 1: former Afghan Ambassador to Canada and France. I want to 123 00:07:13,080 --> 00:07:15,720 Speaker 1: ask you about the future. What form of government, if 124 00:07:15,760 --> 00:07:18,480 Speaker 1: if any form. If I'm going in the right direction, here, 125 00:07:18,800 --> 00:07:21,760 Speaker 1: will this new one take Ambassador? Will the Taliban allow 126 00:07:21,840 --> 00:07:27,640 Speaker 1: politics to be determined by ballots or bullets? Well, um, 127 00:07:27,680 --> 00:07:29,960 Speaker 1: it may we need the one. I hope it's not 128 00:07:30,040 --> 00:07:32,960 Speaker 1: the bullet, and I my hope is that eventually it's 129 00:07:32,960 --> 00:07:36,320 Speaker 1: going to be the ballot, meaning that we will have 130 00:07:36,400 --> 00:07:39,400 Speaker 1: to go through stages now with the talle Bar, we 131 00:07:39,440 --> 00:07:42,360 Speaker 1: need to engage them. We need to make sure they 132 00:07:42,400 --> 00:07:46,920 Speaker 1: understand that what the Afghan people want, and we need 133 00:07:47,000 --> 00:07:51,320 Speaker 1: to make sure that there's participation in the political arena 134 00:07:51,480 --> 00:07:55,840 Speaker 1: in Afghanistan. They need to understand that there are certain 135 00:07:55,960 --> 00:07:58,640 Speaker 1: rights that the people of Ahanistan have had and would 136 00:07:59,120 --> 00:08:02,360 Speaker 1: want to continue to have, like the right to decide 137 00:08:02,800 --> 00:08:06,960 Speaker 1: who should lead them through a mechanism that works for Afghans. 138 00:08:07,000 --> 00:08:09,840 Speaker 1: We've had bad experiences with democracy and Afhanistan because Mr 139 00:08:09,880 --> 00:08:14,040 Speaker 1: Granny and others manipulated the elections and it was fraudulent, 140 00:08:14,160 --> 00:08:16,560 Speaker 1: so that's why people are very turned off by it. 141 00:08:17,040 --> 00:08:20,800 Speaker 1: Then the Taliban need to make sure to understand that 142 00:08:20,840 --> 00:08:24,360 Speaker 1: people have certain rights like the right to express themselves, 143 00:08:24,440 --> 00:08:28,560 Speaker 1: freedom of expression, media uh and and and so on 144 00:08:28,600 --> 00:08:32,320 Speaker 1: and so forth. So there is a lot that we 145 00:08:32,400 --> 00:08:36,280 Speaker 1: have to discuss with them, and we cannot have expectations 146 00:08:36,320 --> 00:08:41,920 Speaker 1: without a dialogue. It's important for the Afghan political class 147 00:08:42,000 --> 00:08:45,720 Speaker 1: that remains in Afghanistan to engage the Taliban, for the 148 00:08:45,720 --> 00:08:50,160 Speaker 1: Taliban in them to sit down and think about a 149 00:08:50,240 --> 00:08:53,719 Speaker 1: new political order that works for the majority of Afghans. 150 00:08:53,720 --> 00:08:56,680 Speaker 1: It may not be the perfect model that we like 151 00:08:56,840 --> 00:08:59,360 Speaker 1: here in the United States or somebody likes in Switzerland 152 00:08:59,400 --> 00:09:02,760 Speaker 1: or or or China or where of it. Maybe they 153 00:09:02,800 --> 00:09:04,920 Speaker 1: need to come up with an Afghan system that the 154 00:09:05,000 --> 00:09:10,520 Speaker 1: Afghan people can trust in and embrace. Should the US 155 00:09:10,559 --> 00:09:13,880 Speaker 1: acknowledge the Taliban as a legitimate government, is it in 156 00:09:13,920 --> 00:09:16,640 Speaker 1: the us is best interest to work with the Taliban, 157 00:09:17,200 --> 00:09:20,679 Speaker 1: not only for ourselves but for our friends in Afghanistan. 158 00:09:21,400 --> 00:09:24,360 Speaker 1: It depends on how we define work. I think that 159 00:09:24,280 --> 00:09:27,960 Speaker 1: there there's there there are to be some conditions, some 160 00:09:28,120 --> 00:09:32,200 Speaker 1: red lines that we need to draw. If you feel 161 00:09:32,240 --> 00:09:35,040 Speaker 1: like you want to take power all by yourself, you're 162 00:09:35,080 --> 00:09:37,440 Speaker 1: not willing to share the cake, and you want to 163 00:09:37,480 --> 00:09:41,040 Speaker 1: eat the whole cake yourselves. Then there will be problems. 164 00:09:41,200 --> 00:09:43,400 Speaker 1: You won't get the kind of assistance you may need, 165 00:09:43,679 --> 00:09:46,600 Speaker 1: you won't get the kind of recognition you need. But 166 00:09:46,800 --> 00:09:49,520 Speaker 1: then at the same time, we need to realize that 167 00:09:49,559 --> 00:09:52,920 Speaker 1: there's a huge humanitarian crisis and the way in Afhanistan. 168 00:09:53,160 --> 00:09:55,320 Speaker 1: So we need to engage at some other level to 169 00:09:55,320 --> 00:09:58,960 Speaker 1: make sure that hundreds of thousands of afphans don't suffer 170 00:09:59,040 --> 00:10:03,080 Speaker 1: more than they already have. Right and so it's a 171 00:10:03,280 --> 00:10:07,600 Speaker 1: it's a very difficult situation to manage, and the Taliban 172 00:10:07,760 --> 00:10:13,480 Speaker 1: obviously have to assure not only the people but also 173 00:10:13,520 --> 00:10:18,080 Speaker 1: the international community about the commitments and the ideas and 174 00:10:18,240 --> 00:10:24,439 Speaker 1: their actions, not just words. Ambassador with all of that, says, 175 00:10:24,480 --> 00:10:28,080 Speaker 1: we've apparently got a G seven meeting coming up next week. 176 00:10:28,480 --> 00:10:30,680 Speaker 1: You know who the players are, the President Biden said 177 00:10:30,720 --> 00:10:34,800 Speaker 1: today he spoke with Boris Johnson, he spoke with Emmanuel mccrownie, 178 00:10:34,840 --> 00:10:38,160 Speaker 1: spoke with Angela Merkel. They're trying to put up a 179 00:10:38,240 --> 00:10:41,080 Speaker 1: united front here. What do you understand about the back 180 00:10:41,160 --> 00:10:44,920 Speaker 1: channel communications though between the US and our European allies. 181 00:10:45,000 --> 00:10:48,280 Speaker 1: They have people on the ground there too. Yes, I 182 00:10:48,280 --> 00:10:50,840 Speaker 1: think the G seven is going to try to come 183 00:10:50,920 --> 00:10:55,240 Speaker 1: up with a unified position about recognition of the Taliban 184 00:10:56,160 --> 00:11:01,400 Speaker 1: uh putting forth conditions to the Taliban about future assistance 185 00:11:01,520 --> 00:11:06,520 Speaker 1: and engagement, and also making sure that they are responsible 186 00:11:06,559 --> 00:11:10,160 Speaker 1: towards the Afghan people in terms of humanitarian assistance that 187 00:11:10,240 --> 00:11:14,040 Speaker 1: they need at this point. But having said this, this 188 00:11:14,120 --> 00:11:17,160 Speaker 1: is the G seven right that these are the wealthiest 189 00:11:17,240 --> 00:11:21,320 Speaker 1: countries in the world, the most advanced countries in the world. 190 00:11:21,559 --> 00:11:24,560 Speaker 1: There are a hundred and nineties something other countries in 191 00:11:24,600 --> 00:11:28,400 Speaker 1: the world, including Russia and China, India, Iran, Pakistan, the 192 00:11:28,440 --> 00:11:32,280 Speaker 1: neighbors to Afghanistan. So it becomes more complicated because they 193 00:11:32,320 --> 00:11:35,560 Speaker 1: all have their own approach tours Afghanistan and they care 194 00:11:35,920 --> 00:11:38,520 Speaker 1: as well because they are there in the region or 195 00:11:38,559 --> 00:11:42,240 Speaker 1: next door to Afghanistan. And as a result, what we 196 00:11:42,480 --> 00:11:48,840 Speaker 1: eventually need is a larger international agreement on how to 197 00:11:48,920 --> 00:11:52,280 Speaker 1: deal with Afghanistan, so that it's all about understand what 198 00:11:52,480 --> 00:11:56,359 Speaker 1: they need to do in their spacial community also can 199 00:11:56,559 --> 00:12:00,120 Speaker 1: impact the situation in a constructive and positive manner, and 200 00:12:00,160 --> 00:12:02,920 Speaker 1: that's coming up soon. That's next week on Marsmont. Former 201 00:12:02,920 --> 00:12:05,760 Speaker 1: Afghan Ambassador to Canada and France, we thank you for 202 00:12:05,840 --> 00:12:08,840 Speaker 1: being with us of breaking news from the FDA coming up. 203 00:12:08,880 --> 00:12:15,720 Speaker 1: I'm Joe Matthew. This is Bloomberg. You're listening to Bloomberg. 204 00:12:15,760 --> 00:12:21,319 Speaker 1: You sound on with Joe Matthew on Bloomberg Radio. Thanks 205 00:12:21,320 --> 00:12:24,440 Speaker 1: for spending part of your Friday with us. You're on 206 00:12:24,480 --> 00:12:28,120 Speaker 1: Bloomberg Sound on with breaking news from the New York Times. 207 00:12:29,240 --> 00:12:31,720 Speaker 1: As you heard on Bloomberg Radio, the FDA now aiming 208 00:12:31,760 --> 00:12:35,320 Speaker 1: for full approval of Viser's COVID vaccine on Monday when 209 00:12:35,360 --> 00:12:37,200 Speaker 1: you get back to work on Monday, and by that 210 00:12:37,280 --> 00:12:41,360 Speaker 1: I mean your house looks like we'll have full approval 211 00:12:41,400 --> 00:12:44,840 Speaker 1: and well, one less excuse for people to not get 212 00:12:44,880 --> 00:12:47,920 Speaker 1: the shot. Also a bit of a Friday news dump 213 00:12:47,960 --> 00:12:50,400 Speaker 1: coming out of the White House. Here we are talking Afghanistan. 214 00:12:50,520 --> 00:12:52,360 Speaker 1: They had all the reporters in the east room. Everybody 215 00:12:52,360 --> 00:12:55,800 Speaker 1: goes home. Then Lamb comes the news release. President Biden 216 00:12:56,600 --> 00:13:00,600 Speaker 1: nominating Rommy Manuel to be his ambassador to Japan, Nick 217 00:13:00,640 --> 00:13:03,800 Speaker 1: Burn's ambassador to China. Just a couple of the things 218 00:13:03,800 --> 00:13:06,120 Speaker 1: we're going to talk about with our reporters round table, 219 00:13:06,200 --> 00:13:10,600 Speaker 1: and they're here now. Bloomberg Government's Jack Fitzpatrick is with us. 220 00:13:10,600 --> 00:13:13,319 Speaker 1: No stranger to this program in this microphone along with 221 00:13:13,320 --> 00:13:16,840 Speaker 1: Bloomberg White House correspondent Josh Wynd Grove. Thanks to both 222 00:13:16,880 --> 00:13:18,720 Speaker 1: of you for being here. Josh, I'm going to start 223 00:13:18,760 --> 00:13:20,960 Speaker 1: with you because you're at the White House before we 224 00:13:21,000 --> 00:13:25,280 Speaker 1: get to Afghanistan. Uh. The significance of these two appointments, 225 00:13:25,640 --> 00:13:31,760 Speaker 1: Ram and Nick Burns Japan, China? Why so late on 226 00:13:31,760 --> 00:13:39,280 Speaker 1: a Friday, JOSHU with us? Oh, yes, I'm sorry. I thought, 227 00:13:39,320 --> 00:13:41,480 Speaker 1: you know, we've got such a great round table here, Joe, 228 00:13:41,559 --> 00:13:43,160 Speaker 1: I thought you were talking to Jack forgett you know, 229 00:13:43,240 --> 00:13:45,400 Speaker 1: I picked you first, My man, What do you think? Yeah, 230 00:13:45,760 --> 00:13:47,800 Speaker 1: I love it. I love it with all due respected 231 00:13:47,880 --> 00:13:51,480 Speaker 1: Jack happy to go first. I think you know this 232 00:13:51,559 --> 00:13:53,160 Speaker 1: has been percolating for a while, and particular of the 233 00:13:53,240 --> 00:13:55,800 Speaker 1: RAMA manual one is a bit of a controversial one, 234 00:13:56,480 --> 00:13:58,920 Speaker 1: feel a bit of a lightning rod um. So they're 235 00:13:59,000 --> 00:14:03,199 Speaker 1: dumping in it. Not on a Friday in August, you know, uh, 236 00:14:03,440 --> 00:14:06,120 Speaker 1: controversial week for them in particular. So I think they're 237 00:14:06,160 --> 00:14:08,920 Speaker 1: just kind of get this one out the door. You 238 00:14:08,920 --> 00:14:13,560 Speaker 1: did mention the uh, the FDA approval. This is a 239 00:14:13,600 --> 00:14:15,880 Speaker 1: big step. This would of course be full approvalent instead 240 00:14:15,880 --> 00:14:20,440 Speaker 1: of emergency authorization. I'm told that the Times report is 241 00:14:20,520 --> 00:14:25,960 Speaker 1: accurate that this could come next week, and President Binding 242 00:14:26,000 --> 00:14:28,600 Speaker 1: particular and publicly saper rattling for that. He thinks it 243 00:14:28,640 --> 00:14:32,400 Speaker 1: would reduce hesitency. Other people don't seem so sure, or 244 00:14:32,400 --> 00:14:34,600 Speaker 1: at least it would take away one excuse that people 245 00:14:34,600 --> 00:14:36,920 Speaker 1: would have for not getting the shot. So yeah, a 246 00:14:36,920 --> 00:14:38,520 Speaker 1: lot of a lot of news happening at this time 247 00:14:38,560 --> 00:14:40,920 Speaker 1: of day. Well, that's for sure, Jack, do these do 248 00:14:41,000 --> 00:14:44,600 Speaker 1: these two nominees, uh have a glide path on Capitol Hill. 249 00:14:44,640 --> 00:14:47,080 Speaker 1: We're gonna big fight above this. I mean, Ram Emmanuel 250 00:14:47,200 --> 00:14:49,640 Speaker 1: was never going to have a glide path. That's why, 251 00:14:49,760 --> 00:14:52,360 Speaker 1: you know, there was early, early speculation that he was 252 00:14:52,360 --> 00:14:55,520 Speaker 1: going to get something really significant like Transportation secretary before 253 00:14:55,800 --> 00:14:59,240 Speaker 1: it moved to Buddha Jedge. There's such a history of 254 00:14:59,400 --> 00:15:03,160 Speaker 1: conflict between Ram Emmanuel and progressives that I don't even 255 00:15:03,160 --> 00:15:05,560 Speaker 1: know exactly how to sum it up. But also as 256 00:15:05,880 --> 00:15:10,400 Speaker 1: mayor of Chicago, there was the controversy over the police 257 00:15:10,560 --> 00:15:13,160 Speaker 1: who shot a young black man. That was sort of 258 00:15:13,160 --> 00:15:15,680 Speaker 1: the latest thing that I think did him in for 259 00:15:15,720 --> 00:15:18,560 Speaker 1: a little while. I was a little surprised that. You know, 260 00:15:19,000 --> 00:15:21,480 Speaker 1: ambassador to Japan is a pretty significant thing. It's not 261 00:15:21,600 --> 00:15:24,880 Speaker 1: an honorary position that the focused on East Asia is 262 00:15:24,920 --> 00:15:27,280 Speaker 1: really significant for the Biden administration. It's you know, it's 263 00:15:27,280 --> 00:15:30,560 Speaker 1: a major thing. Uh, Josh. I was telling everyone when 264 00:15:30,560 --> 00:15:33,040 Speaker 1: this headline broke, if they didn't know the story, to 265 00:15:33,080 --> 00:15:37,400 Speaker 1: go read the stake knife story about Ram Emmanuel, which 266 00:15:37,640 --> 00:15:39,760 Speaker 1: I will tell all of our listeners to do now. 267 00:15:39,800 --> 00:15:43,080 Speaker 1: But let's get to the matter at hand, and that's Afghanistan. 268 00:15:43,160 --> 00:15:46,320 Speaker 1: President Biden speaking today from the East Room. The past 269 00:15:46,320 --> 00:15:49,840 Speaker 1: few days, I've also spoken directly with the British Prime 270 00:15:49,880 --> 00:15:55,240 Speaker 1: Minister Mr Johnson, Chancellor Merkel of Germany, and President mccrown 271 00:15:55,320 --> 00:15:59,800 Speaker 1: of France. We all agreed and we should convene, and 272 00:16:00,000 --> 00:16:03,920 Speaker 1: you will convene the G seven meeting next week, a 273 00:16:04,040 --> 00:16:07,760 Speaker 1: group of the world's leading democracies, so together we can 274 00:16:07,800 --> 00:16:12,280 Speaker 1: coordinate our mutual approach, are united approach on Afghanistan and 275 00:16:12,360 --> 00:16:15,520 Speaker 1: moving forward. Josh Wyn Grove, what do those three leaders 276 00:16:15,600 --> 00:16:18,160 Speaker 1: actually think about what's going on right now? Do we 277 00:16:18,240 --> 00:16:20,720 Speaker 1: have a sense of of how upset they are, how 278 00:16:20,720 --> 00:16:23,920 Speaker 1: worried they are about their own people? I mean publicly, 279 00:16:23,960 --> 00:16:26,280 Speaker 1: I think that it's less of a sense than privately. 280 00:16:26,360 --> 00:16:30,360 Speaker 1: But you know, Biden was asked today, how can people 281 00:16:30,400 --> 00:16:33,080 Speaker 1: take you at your word that America's back, right, I 282 00:16:33,080 --> 00:16:36,240 Speaker 1: mean this be pledged sort of a renewed engagement on 283 00:16:36,280 --> 00:16:39,440 Speaker 1: the global scene. The Trump era was over, etcetera, etcetera. 284 00:16:40,040 --> 00:16:42,080 Speaker 1: And now, of course there are all these kinds of 285 00:16:42,160 --> 00:16:45,880 Speaker 1: questions about this withdrawal. And of course, as we've discussed 286 00:16:46,080 --> 00:16:50,440 Speaker 1: the reporting UH from our colleagues UH in Europe about 287 00:16:50,480 --> 00:16:52,880 Speaker 1: Biden pledging that the US would stay there to help 288 00:16:52,880 --> 00:16:55,880 Speaker 1: other countries, and now for fully up in the air. Today, 289 00:16:55,920 --> 00:16:57,560 Speaker 1: Biden did open the door a little bit the same 290 00:16:57,600 --> 00:17:00,360 Speaker 1: past office City first. I mean to be seen if 291 00:17:00,360 --> 00:17:02,800 Speaker 1: you'll do that, in particular, if you'll do that if 292 00:17:02,840 --> 00:17:05,680 Speaker 1: Americans are out, but Afghans are not yet out. Those 293 00:17:05,840 --> 00:17:08,199 Speaker 1: sides are not yet, and I think that's an open question. 294 00:17:08,240 --> 00:17:10,840 Speaker 1: There's some reporting from our our colleagues and other news 295 00:17:10,840 --> 00:17:13,240 Speaker 1: that left that Biden is worried about the political blowback 296 00:17:13,400 --> 00:17:16,000 Speaker 1: was a way of Batman refugees who it was that 297 00:17:16,080 --> 00:17:18,760 Speaker 1: that's the case. But you know, I think overall Biden 298 00:17:18,880 --> 00:17:21,960 Speaker 1: is trying to walk a tightrope here. Learning Summers talked 299 00:17:21,960 --> 00:17:25,040 Speaker 1: to Bloomberg earlier today, so he doesn't think that people 300 00:17:25,119 --> 00:17:28,240 Speaker 1: are appreciating the kind of pressure Afghanistan's economy will be 301 00:17:28,320 --> 00:17:30,240 Speaker 1: under We did hear Bidens allude to that today and 302 00:17:30,359 --> 00:17:35,320 Speaker 1: say that he maybe the Taliban will be incentivized essentially 303 00:17:35,359 --> 00:17:39,040 Speaker 1: to not be the Taliban and old. A lot of analysts, 304 00:17:39,080 --> 00:17:41,320 Speaker 1: of course, thinks that they'll believe that when they see 305 00:17:41,320 --> 00:17:44,879 Speaker 1: it's putting it generously. We heard this week Jack in 306 00:17:44,880 --> 00:17:47,080 Speaker 1: our remaining moment here from Mitch McConnelly, was on the 307 00:17:47,160 --> 00:17:50,400 Speaker 1: Hue Hewitt program talking about the withdrawal. I think apology 308 00:17:50,480 --> 00:17:54,080 Speaker 1: would work, but if we had to get out, I 309 00:17:54,160 --> 00:17:58,159 Speaker 1: cannot think of a more botched, embarrassing a setback for 310 00:17:58,200 --> 00:18:02,720 Speaker 1: our country. And there, I mean, retreat from Sagan look 311 00:18:02,800 --> 00:18:05,840 Speaker 1: well organized. That's quite a statement from Mitch McConnell. But 312 00:18:05,880 --> 00:18:08,119 Speaker 1: maybe we shouldn't be surprised. It does lead one to 313 00:18:08,160 --> 00:18:11,400 Speaker 1: believe what Republicans might be planning to do with this politically. 314 00:18:11,640 --> 00:18:13,879 Speaker 1: Oh yeah, this is gonna be something they beat Biden 315 00:18:13,880 --> 00:18:17,159 Speaker 1: over the head with for a long time. UM. I 316 00:18:17,200 --> 00:18:20,480 Speaker 1: don't know if that changes the polls fundamentally on the 317 00:18:20,560 --> 00:18:23,720 Speaker 1: public support for pulling out of Afghanistan. It's not going 318 00:18:23,760 --> 00:18:26,119 Speaker 1: well in terms of how they do it, But is 319 00:18:26,160 --> 00:18:28,840 Speaker 1: this a fundamental issue? I think we'll have to see. 320 00:18:29,080 --> 00:18:31,880 Speaker 1: We're gonna talk about that. Coming up with Elaine Kamark, 321 00:18:31,960 --> 00:18:34,800 Speaker 1: Senior fellow in the Government Studies Program at Brooking's, former 322 00:18:35,359 --> 00:18:38,440 Speaker 1: White House veteran in the Clinton years. Will this damage 323 00:18:38,560 --> 00:18:41,359 Speaker 1: Joe Biden's credibility on Capitol Hill? It's coming up on 324 00:18:41,520 --> 00:18:49,480 Speaker 1: Joe Matthew. This is Bloomberg Broadcasting live from our nation's capital, 325 00:18:49,560 --> 00:18:54,960 Speaker 1: Bloomberg to New York, Bloomberg eleven, Frio to San Francisco, 326 00:18:55,080 --> 00:18:59,600 Speaker 1: Bloomberg nine to the Country, Serious XM General one nine 327 00:19:00,119 --> 00:19:03,240 Speaker 1: and around the globe the Bloomberg Business app, Ben Bloomberg 328 00:19:03,320 --> 00:19:08,440 Speaker 1: Radio dot Com. This is Bloomberg Sound On with Joe Matthew. 329 00:19:10,040 --> 00:19:13,160 Speaker 1: Headline on the terminal biggest tax hike on wealthy since 330 00:19:14,800 --> 00:19:20,119 Speaker 1: bogs Down In Congress, Laura Davison writes Tax Committee is 331 00:19:20,160 --> 00:19:22,840 Speaker 1: likely to miss September fifteen deadline to finish text. We're 332 00:19:22,840 --> 00:19:26,879 Speaker 1: gonna look inside this debate around infrastructure reconciliation and of 333 00:19:26,880 --> 00:19:29,119 Speaker 1: course the taxes that will help to pay for it. 334 00:19:29,200 --> 00:19:32,000 Speaker 1: Coming up with Lane Kamark, senior fellow in the Government 335 00:19:32,080 --> 00:19:35,159 Speaker 1: Studies Program at Brookings, a White House veteran from the 336 00:19:35,200 --> 00:19:38,880 Speaker 1: Clinton years. Thank you for making Bloomberg Sound On part 337 00:19:38,880 --> 00:19:42,080 Speaker 1: of your Friday. I'm Joe Matthew in Washington, as we 338 00:19:42,240 --> 00:19:48,760 Speaker 1: turn to the debate surrounding infrastructure, taxes and spending, and 339 00:19:48,840 --> 00:19:51,960 Speaker 1: we bring in a veteran of Democratic politics and the 340 00:19:51,960 --> 00:19:55,399 Speaker 1: White House for that matter, Elane Kamark, Senior fellow in 341 00:19:55,400 --> 00:19:58,800 Speaker 1: the Government Studies Program at the Brookings Institution. Welcome back 342 00:19:58,840 --> 00:20:02,400 Speaker 1: to Bloomberg Radio. Well, thank you for having me. We've 343 00:20:02,440 --> 00:20:04,879 Speaker 1: been talking a lot about Afghanistan this week, of course 344 00:20:05,320 --> 00:20:06,960 Speaker 1: certainly through the day to day, but we're going to 345 00:20:07,000 --> 00:20:09,360 Speaker 1: be back in the throes of the budget and infrastructure 346 00:20:09,400 --> 00:20:13,400 Speaker 1: debate when lawmakers return to town next week. How could 347 00:20:13,440 --> 00:20:16,440 Speaker 1: this White House and the Democratic leadership in Congress keep 348 00:20:16,480 --> 00:20:19,800 Speaker 1: this party together at this critical moment when progressives and 349 00:20:19,840 --> 00:20:23,879 Speaker 1: moderates seem to have such different priorities. Basically, you have 350 00:20:24,000 --> 00:20:28,199 Speaker 1: a leadership team in the Congress of Pelosi, Hoyer, and 351 00:20:28,400 --> 00:20:31,800 Speaker 1: Clybrant that they get a lot of criticism because they're 352 00:20:31,840 --> 00:20:34,800 Speaker 1: all old. On the other hand, they know a little 353 00:20:34,800 --> 00:20:37,000 Speaker 1: bit about how to make this happen, how to cut 354 00:20:37,040 --> 00:20:40,200 Speaker 1: the deals, and how to make everybody happy and get 355 00:20:40,280 --> 00:20:42,960 Speaker 1: it done. My guess is that there will be a 356 00:20:43,080 --> 00:20:45,680 Speaker 1: lot of hard work in the next couple of weeks, 357 00:20:45,680 --> 00:20:49,200 Speaker 1: but that they will get a reconciliation build one and 358 00:20:49,240 --> 00:20:51,960 Speaker 1: they'll get an infrastructure build one. So you're going with 359 00:20:52,000 --> 00:20:55,160 Speaker 1: those who have experience. What do you make of, for instance, 360 00:20:55,200 --> 00:20:58,960 Speaker 1: the co chairs of the Blue Dog Coalition opposing efforts 361 00:20:59,040 --> 00:21:01,959 Speaker 1: to follow this rule to do reconciliation first. We've got 362 00:21:02,000 --> 00:21:04,280 Speaker 1: a group of moderates who are threatening not to vote 363 00:21:04,560 --> 00:21:06,920 Speaker 1: same deal. We've got progressives to say they won't vote 364 00:21:06,920 --> 00:21:10,800 Speaker 1: for hard infrastructure lest they get their reconciliation. Is this 365 00:21:10,920 --> 00:21:13,720 Speaker 1: just part for the course for Nancy Pelosi? Or or 366 00:21:13,800 --> 00:21:15,919 Speaker 1: is this because it's so tight in the House. Is 367 00:21:15,960 --> 00:21:18,040 Speaker 1: this a bit of a fracture. It's hard to say 368 00:21:18,119 --> 00:21:22,840 Speaker 1: because so far we just have some posturing going on. Eventually, frankly, 369 00:21:22,840 --> 00:21:25,199 Speaker 1: they're gonna have to vote for both of them, and 370 00:21:25,560 --> 00:21:28,800 Speaker 1: you know, whether they vote for one fifteen minutes before 371 00:21:28,840 --> 00:21:33,159 Speaker 1: the other, or however they work it out. That's what 372 00:21:33,200 --> 00:21:36,480 Speaker 1: Pelosi is going to have to do. Remember, Obama White 373 00:21:36,480 --> 00:21:41,440 Speaker 1: House had given up on healthcare reform when Pelosi pulled 374 00:21:41,440 --> 00:21:44,840 Speaker 1: it out. So these old war horses they know something. 375 00:21:45,520 --> 00:21:47,320 Speaker 1: There's been a lot of questions, and I'm sure you've 376 00:21:47,359 --> 00:21:50,520 Speaker 1: heard people ask if if this whole controversy over our 377 00:21:50,560 --> 00:21:55,640 Speaker 1: withdrawal from Afghanistan damages the president's credibility to a point 378 00:21:55,640 --> 00:21:58,800 Speaker 1: where it impacts this debate, do you see that cross over? 379 00:21:58,880 --> 00:22:01,600 Speaker 1: There are these two differ a issues. There's no doubt 380 00:22:01,640 --> 00:22:04,359 Speaker 1: that the president has taken a hit because of what's 381 00:22:04,359 --> 00:22:07,479 Speaker 1: gone on in Afghanistan. On the other hand, there are 382 00:22:07,480 --> 00:22:10,359 Speaker 1: two very different issues. I mean, people really want this 383 00:22:10,480 --> 00:22:15,080 Speaker 1: infrastructure bill. Unions really want this infrastructure bill. Workers really 384 00:22:15,119 --> 00:22:19,960 Speaker 1: want this infrastructure bill. Republicans really want an infrastructure bill. 385 00:22:20,080 --> 00:22:22,800 Speaker 1: And on the social spending, it's been a long time 386 00:22:22,840 --> 00:22:25,240 Speaker 1: since we had to bump up in the social safety net. 387 00:22:25,400 --> 00:22:28,400 Speaker 1: So I think there's a lot of support on the 388 00:22:28,440 --> 00:22:34,000 Speaker 1: merits for these issues. And the president's troubles in Afghanistan, 389 00:22:34,320 --> 00:22:36,639 Speaker 1: while I think serious, I don't think they're going to 390 00:22:36,720 --> 00:22:39,480 Speaker 1: impact this debate. I wonder what you make of the 391 00:22:39,760 --> 00:22:43,360 Speaker 1: tax debate that's happening right now on Capitol Hill with 392 00:22:43,440 --> 00:22:45,879 Speaker 1: regard to reconciliation. That's where this is going right and 393 00:22:45,960 --> 00:22:48,280 Speaker 1: we're talking about the biggest tax hike on the wealthy 394 00:22:48,320 --> 00:22:52,040 Speaker 1: since but there are a lot of disagreements about how 395 00:22:52,119 --> 00:22:55,680 Speaker 1: it should be done. You've been involved in debates like this, 396 00:22:55,760 --> 00:22:59,040 Speaker 1: and do you see this slowing down the process or 397 00:22:59,119 --> 00:23:01,760 Speaker 1: do you have a set of how this is going 398 00:23:01,800 --> 00:23:04,720 Speaker 1: to end. Will the wealthy get that tax like? Um? 399 00:23:04,760 --> 00:23:08,359 Speaker 1: They probably will. Um. The degree to which they will 400 00:23:08,640 --> 00:23:11,760 Speaker 1: is of course an open question. And look the way 401 00:23:11,840 --> 00:23:15,840 Speaker 1: these have always happened, including the big tax changes that 402 00:23:15,960 --> 00:23:19,160 Speaker 1: happened during the Trump administration and the big tax changes 403 00:23:19,200 --> 00:23:21,960 Speaker 1: that happened back in the eighties during the Reagan administration. 404 00:23:22,520 --> 00:23:26,680 Speaker 1: Is it's an absolute last minute deal. You know, everybody 405 00:23:26,720 --> 00:23:31,240 Speaker 1: knows what the issues are. They have a range of 406 00:23:31,520 --> 00:23:35,240 Speaker 1: estimates of how much money they'll bring in, and it 407 00:23:35,240 --> 00:23:38,439 Speaker 1: boils down to arithmetic. You know, you take a certain 408 00:23:38,440 --> 00:23:41,520 Speaker 1: percentage for the corporate tax rate, a certain percentage for 409 00:23:41,560 --> 00:23:44,840 Speaker 1: capital gains, a certain percentage for carried interest. I mean, 410 00:23:44,880 --> 00:23:46,680 Speaker 1: these are some of the big ones on the table 411 00:23:46,760 --> 00:23:50,359 Speaker 1: that are probably gonna you know, happen. Um. And you 412 00:23:50,440 --> 00:23:53,200 Speaker 1: put it together and you see, if you have close 413 00:23:53,359 --> 00:23:56,359 Speaker 1: enough to the money you need. Uh, they never quite 414 00:23:56,400 --> 00:24:00,359 Speaker 1: come up with the money that they need. But that's 415 00:24:00,400 --> 00:24:05,439 Speaker 1: also because the CBO and and o MB do not 416 00:24:05,680 --> 00:24:10,040 Speaker 1: engage in what's called dynamic scoring, sort of technical term 417 00:24:10,160 --> 00:24:12,439 Speaker 1: you'd be surprised how much we've talked about this on it. 418 00:24:12,520 --> 00:24:15,320 Speaker 1: We like to walk out around here lane. But keep 419 00:24:15,320 --> 00:24:18,159 Speaker 1: going with that because it's important, al right. So you know, 420 00:24:18,359 --> 00:24:21,919 Speaker 1: so the question always, especially in something big like this, 421 00:24:22,119 --> 00:24:26,359 Speaker 1: like spending on infrastructure, is how much good will it 422 00:24:26,440 --> 00:24:29,600 Speaker 1: do to the economy and if it does, you know, 423 00:24:29,760 --> 00:24:35,760 Speaker 1: contribute to significant growth. Significant growth contributes to significant tax revenues. 424 00:24:36,400 --> 00:24:41,800 Speaker 1: And yet the government, for good reasons right has always 425 00:24:41,840 --> 00:24:45,920 Speaker 1: resisted using dynamic scoring. They just say, here's how much 426 00:24:45,960 --> 00:24:48,160 Speaker 1: this is gonna cost. If you want to pay for it, 427 00:24:48,520 --> 00:24:50,840 Speaker 1: here's how much you have to raise and they don't 428 00:24:50,880 --> 00:24:56,879 Speaker 1: make any assumptions about growth. Now, well, I know, I 429 00:24:56,920 --> 00:25:00,320 Speaker 1: don't think they should because frankly, that's a slippery slow 430 00:25:00,560 --> 00:25:04,679 Speaker 1: because it's then it becomes really subject to politics. The 431 00:25:04,720 --> 00:25:07,239 Speaker 1: reason I bring it up is that a lot of 432 00:25:07,280 --> 00:25:11,639 Speaker 1: times they don't cover exactly what the costs are supposed 433 00:25:11,680 --> 00:25:16,000 Speaker 1: to be with a revenue raisers. But it doesn't really 434 00:25:16,040 --> 00:25:20,560 Speaker 1: matter because everybody knows that, particularly on something like infrastructure, 435 00:25:20,920 --> 00:25:25,240 Speaker 1: there will be some tax growth as a result of this. 436 00:25:25,800 --> 00:25:28,120 Speaker 1: You know, they'll probably come up a little short of 437 00:25:28,240 --> 00:25:30,600 Speaker 1: what it actually costs. But you've got to get into 438 00:25:30,600 --> 00:25:33,440 Speaker 1: people's comfort zone. You have to get into Senator mansion 439 00:25:33,520 --> 00:25:38,800 Speaker 1: and Senator Cinema's comfort zone on those assumptions, and then 440 00:25:38,840 --> 00:25:40,760 Speaker 1: I think you'll have a deal. Does that bring it 441 00:25:40,800 --> 00:25:43,119 Speaker 1: down to say, two trillion instead of the three and 442 00:25:43,119 --> 00:25:45,440 Speaker 1: a half we're hearing to get the mansions and cinemas 443 00:25:45,480 --> 00:25:48,199 Speaker 1: on board. They have not said yet. We don't know 444 00:25:48,280 --> 00:25:51,040 Speaker 1: what their magic number is. We know that they're uncomfortable 445 00:25:51,080 --> 00:25:54,080 Speaker 1: with the three and a trillion, and they may look 446 00:25:54,119 --> 00:25:56,560 Speaker 1: at revenue estimates, they may look at the at the 447 00:25:56,640 --> 00:26:00,720 Speaker 1: tax changes and say, okay, we're comfortable with two point 448 00:26:00,760 --> 00:26:04,200 Speaker 1: seven five or something like this. But the good thing 449 00:26:04,240 --> 00:26:07,880 Speaker 1: about these debates is that it is arithmetic. Boils down 450 00:26:07,880 --> 00:26:11,040 Speaker 1: to arithmetic, right, and you can all if people want 451 00:26:11,080 --> 00:26:14,520 Speaker 1: it to happen, you can split the difference and you'll 452 00:26:14,520 --> 00:26:17,760 Speaker 1: still get something. Um. And something, of course is better 453 00:26:17,800 --> 00:26:21,800 Speaker 1: than nothing. UM. Now, there's there's certain people on the 454 00:26:21,880 --> 00:26:25,680 Speaker 1: far right and the far left of the Congress who, UM, 455 00:26:25,840 --> 00:26:28,960 Speaker 1: frankly don't think I don't think like that. But most 456 00:26:29,040 --> 00:26:32,760 Speaker 1: people would rather have a deal that brings you know, 457 00:26:33,440 --> 00:26:36,960 Speaker 1: some bridges, some roads, some new airport stuff to their 458 00:26:37,359 --> 00:26:42,240 Speaker 1: counties than have no deal at all. Elena Kmark, Senior 459 00:26:42,280 --> 00:26:45,439 Speaker 1: Fellow Government Studies at Brookings. It's great to have you 460 00:26:45,480 --> 00:26:48,200 Speaker 1: back on Bloomberg. Appreciate your insights today, Helen. Let's talk 461 00:26:48,200 --> 00:26:50,679 Speaker 1: again when we get closer to a deal. Great, thank you, 462 00:26:50,760 --> 00:26:54,480 Speaker 1: happy to do it. As we carry on here on 463 00:26:54,520 --> 00:26:57,280 Speaker 1: a Friday on Bloomberg sound On, coming off, we'll bring 464 00:26:57,320 --> 00:27:00,200 Speaker 1: back the panel Josh wyn Grove, Jack fixed pat Rick 465 00:27:00,200 --> 00:27:03,200 Speaker 1: with a lot to talk about, from infrastructure to vaccines, 466 00:27:03,640 --> 00:27:07,439 Speaker 1: breaking news from the FDA today. I'm Joe Matthew. This 467 00:27:07,560 --> 00:27:39,560 Speaker 1: is Bloomberg. You're listening to Bloomberg Sound On with Joe 468 00:27:39,600 --> 00:27:46,560 Speaker 1: Matthew on Bloomberg Radio. Evacuations in Afghanistan will roll into 469 00:27:46,640 --> 00:27:50,439 Speaker 1: next weekend beyond who it appears, even as lawmakers returned 470 00:27:50,480 --> 00:27:53,920 Speaker 1: to Washington on Monday to resume the debate over infrastructure. 471 00:27:53,960 --> 00:27:57,359 Speaker 1: And we're joined now in our Sound on Friday Reporters 472 00:27:57,440 --> 00:28:01,120 Speaker 1: Round Table by Jack Fitzpatrick of Bloomberg. Offerman Josh Wing 473 00:28:01,160 --> 00:28:05,760 Speaker 1: Grove with us to White House correspondent for Bloomberg News. Jack, 474 00:28:06,160 --> 00:28:08,520 Speaker 1: this is big stuff. We've been waiting for this. The 475 00:28:08,600 --> 00:28:11,920 Speaker 1: House finally is going to tackle, uh, this matter that's 476 00:28:11,960 --> 00:28:16,320 Speaker 1: really largely been occupying time in the Senate lately, Nancy 477 00:28:16,359 --> 00:28:18,520 Speaker 1: Pelosi is sticking to her guns. This week even told 478 00:28:18,560 --> 00:28:20,679 Speaker 1: the caucus, I believe as recently is Tuesday, that no, 479 00:28:20,800 --> 00:28:23,600 Speaker 1: we're going reconciliation first, and that is the way this 480 00:28:23,640 --> 00:28:24,960 Speaker 1: is going to happen. Right, this is the rule that's 481 00:28:24,960 --> 00:28:27,280 Speaker 1: been endorsed by the White House. Yeah, this is the 482 00:28:27,560 --> 00:28:30,040 Speaker 1: plan is to hold the vote that would set the 483 00:28:30,119 --> 00:28:33,080 Speaker 1: stage for that three and a half trillion dollar bill 484 00:28:33,560 --> 00:28:35,880 Speaker 1: and do what Pelosi said a couple of months ago, 485 00:28:36,080 --> 00:28:39,000 Speaker 1: saying we are going to hold onto that infrastructure bill 486 00:28:39,040 --> 00:28:41,680 Speaker 1: and not hold a vote until we've gotten the three 487 00:28:41,680 --> 00:28:45,200 Speaker 1: and a half trillion dollar bill through. There are enough 488 00:28:45,400 --> 00:28:49,360 Speaker 1: people complaining about that among moderate Democrats to actually tank 489 00:28:49,400 --> 00:28:51,200 Speaker 1: the vote, but we're gonna have to see if they 490 00:28:51,240 --> 00:28:54,840 Speaker 1: actually vote no when they can see that she essentially 491 00:28:54,920 --> 00:28:56,480 Speaker 1: seems to be calling their bluff. Well, do you have 492 00:28:56,520 --> 00:28:58,400 Speaker 1: a sense of that? Before I asked Josh about the 493 00:28:58,400 --> 00:29:00,240 Speaker 1: White House side of this, I hate to try to 494 00:29:00,280 --> 00:29:02,320 Speaker 1: read the tea leaves a ton, but I would point 495 00:29:02,320 --> 00:29:05,520 Speaker 1: out there were the objections from the nine moderates, and 496 00:29:05,520 --> 00:29:08,440 Speaker 1: then today they followed up. They did not do a 497 00:29:08,600 --> 00:29:11,960 Speaker 1: unified letter saying we are voting no, they all put 498 00:29:11,960 --> 00:29:15,720 Speaker 1: out individual statements saying we don't really like this plan. 499 00:29:16,000 --> 00:29:18,480 Speaker 1: None of them specifically said today we're voting no. And 500 00:29:18,520 --> 00:29:20,680 Speaker 1: actually three of the nine said I'd really like to 501 00:29:20,760 --> 00:29:23,240 Speaker 1: vote for this budget resolution, but I just want infrastructure 502 00:29:23,280 --> 00:29:25,600 Speaker 1: to come first. Well, Elaine Kmark said, you look, you're 503 00:29:25,600 --> 00:29:27,959 Speaker 1: gonna have to vote on both. At some point. You're 504 00:29:27,960 --> 00:29:29,959 Speaker 1: gonna get what's in both if you want them. So 505 00:29:30,000 --> 00:29:33,560 Speaker 1: what matter does the order make? Josh? Is the White 506 00:29:33,600 --> 00:29:38,000 Speaker 1: House capable of managing this Afghanistan situation and also engaging 507 00:29:38,040 --> 00:29:41,800 Speaker 1: with lawmakers this week? Well, yeah, it's fun. Depending on 508 00:29:41,800 --> 00:29:43,840 Speaker 1: what you asked them about. They can walk into gum 509 00:29:43,920 --> 00:29:47,400 Speaker 1: or they can't write. Well, yeah, it was it was 510 00:29:47,720 --> 00:29:50,200 Speaker 1: we gotta go, or we gotta say. They're like, there's 511 00:29:50,200 --> 00:29:52,600 Speaker 1: no middle ground, And of course critics say there is. 512 00:29:53,000 --> 00:29:55,080 Speaker 1: You're asking those vaccines. They say they can do it. 513 00:29:55,160 --> 00:29:57,960 Speaker 1: All that ever, you know, supplies infinite which of course 514 00:29:58,040 --> 00:30:00,360 Speaker 1: is not the case. And so here, you know, there 515 00:30:00,440 --> 00:30:03,440 Speaker 1: is I think a relation here. They can probably manage it, 516 00:30:03,440 --> 00:30:06,880 Speaker 1: but it depends on whether afghanist and deteriorates um and 517 00:30:06,960 --> 00:30:09,400 Speaker 1: you know, it depends on whether this becomes like Biden's 518 00:30:09,400 --> 00:30:11,960 Speaker 1: coat tails become unfavorable right for a lot of these 519 00:30:12,400 --> 00:30:15,160 Speaker 1: folks and some some depending I suppose, could get some 520 00:30:15,760 --> 00:30:18,960 Speaker 1: uh cold feet if you know, Biden starts to be 521 00:30:19,000 --> 00:30:20,480 Speaker 1: in a real crisis and they think, oh, you know 522 00:30:20,480 --> 00:30:22,520 Speaker 1: what I would really rather talk about as an infrastructure 523 00:30:22,520 --> 00:30:24,920 Speaker 1: bill out the doors. But you know, broadly speaking that 524 00:30:25,040 --> 00:30:28,040 Speaker 1: Biden has has tried to sort of stay out of 525 00:30:28,040 --> 00:30:30,960 Speaker 1: it a little bit. Shepherded forward, called for passage of 526 00:30:31,080 --> 00:30:33,520 Speaker 1: both bill leave the details up to Pelosi. I think 527 00:30:33,520 --> 00:30:35,840 Speaker 1: will continue to see him do that. He was supposed 528 00:30:35,880 --> 00:30:37,680 Speaker 1: to go to Delaware today. He did not do that. 529 00:30:38,320 --> 00:30:41,960 Speaker 1: So you know, the Biden his vacation week, Joe has 530 00:30:42,000 --> 00:30:47,040 Speaker 1: not not cut doubt the plan initially so well, what 531 00:30:47,120 --> 00:30:49,800 Speaker 1: was up with that? Were they worried about optics to 532 00:30:49,920 --> 00:30:51,960 Speaker 1: be shown up in Wilmington this weekend? He wants to 533 00:30:51,960 --> 00:30:53,560 Speaker 1: be hard at work here, even though he would do 534 00:30:53,600 --> 00:30:56,920 Speaker 1: the same thing there. I mean, it's not it's easy 535 00:30:56,960 --> 00:30:59,840 Speaker 1: to come to that conclusion. One has suspicions, no doubt, 536 00:31:00,000 --> 00:31:02,000 Speaker 1: But Jill Biden is a guy that changes his mind 537 00:31:02,000 --> 00:31:04,240 Speaker 1: in the schedule once in a while. He's not exactly 538 00:31:04,280 --> 00:31:06,920 Speaker 1: always on time for press companies that sort of thing. 539 00:31:07,040 --> 00:31:09,400 Speaker 1: Show me the world leader. That is all right, Yeah, 540 00:31:09,400 --> 00:31:12,040 Speaker 1: you know they're they're busy people. So who I don't 541 00:31:12,080 --> 00:31:14,760 Speaker 1: want to you see how diplomatic. I've not mailed out 542 00:31:14,800 --> 00:31:17,320 Speaker 1: to the wall diplomatic. Josh wind Grove is we we 543 00:31:17,360 --> 00:31:20,520 Speaker 1: could all learn something from Josh? Is that that? Is 544 00:31:20,520 --> 00:31:22,920 Speaker 1: there anything to this? I'll ask both of you this 545 00:31:23,000 --> 00:31:27,480 Speaker 1: idea that that getting bogged down in Afghanistan, losing credibility 546 00:31:27,520 --> 00:31:31,000 Speaker 1: on the advance of the Taliban will somehow impact votes 547 00:31:31,640 --> 00:31:35,160 Speaker 1: on something like infrastructure on Capitol Hill Or is this 548 00:31:35,800 --> 00:31:38,640 Speaker 1: people in the media asking questions to fill time? Is 549 00:31:38,800 --> 00:31:40,480 Speaker 1: do they have anything to do with each other? Jack? 550 00:31:40,920 --> 00:31:43,320 Speaker 1: The topics don't really have much to do with each other. 551 00:31:43,360 --> 00:31:46,400 Speaker 1: But the president's popularity is kind of central to a 552 00:31:46,400 --> 00:31:48,760 Speaker 1: lot of things. You know, if things really, like Josh said, 553 00:31:48,760 --> 00:31:52,120 Speaker 1: if things really really deteriorate and you see a plummeting 554 00:31:52,200 --> 00:31:55,040 Speaker 1: approval rate for the president, especially if there's a bunch 555 00:31:55,120 --> 00:31:58,160 Speaker 1: more back and forth on infrastructure, you know a lot 556 00:31:58,160 --> 00:32:00,520 Speaker 1: of people want infrastructure, the infrast a sure bill to 557 00:32:00,600 --> 00:32:02,840 Speaker 1: become law. If it keeps going back and forth between 558 00:32:02,840 --> 00:32:04,800 Speaker 1: the House and Senate, House makes changes and we keep 559 00:32:04,840 --> 00:32:08,120 Speaker 1: having to have votes, how many people want to stick 560 00:32:08,160 --> 00:32:11,320 Speaker 1: by the Biden infrastructure plan. But really, you know, they 561 00:32:11,400 --> 00:32:13,840 Speaker 1: can walk and chew gum and do two or three 562 00:32:13,880 --> 00:32:17,040 Speaker 1: separate tracks at the same time if they really want to. Well, sure, Look, 563 00:32:17,080 --> 00:32:19,200 Speaker 1: even if you're you're angry at this president of this 564 00:32:19,240 --> 00:32:22,520 Speaker 1: White House, Josh about Afghanistan, you still need to fix 565 00:32:22,560 --> 00:32:27,440 Speaker 1: your bridge, right, Yeah. I mean this deal has been 566 00:32:27,480 --> 00:32:29,960 Speaker 1: written off over and over and over it themes, and 567 00:32:30,080 --> 00:32:32,520 Speaker 1: of course, when when the Senate kind of came to 568 00:32:33,040 --> 00:32:35,000 Speaker 1: an agreement on it and took a bit of a 569 00:32:35,080 --> 00:32:38,800 Speaker 1: victory lab calling out people like me frankly Joe, you know, 570 00:32:39,360 --> 00:32:41,680 Speaker 1: who would express doubts and wondered whether they will be 571 00:32:41,680 --> 00:32:43,120 Speaker 1: able to get this over the goal And of course 572 00:32:43,120 --> 00:32:46,000 Speaker 1: it's not fully over the goal line yet. So you know, 573 00:32:46,320 --> 00:32:49,000 Speaker 1: I think that we will hear Joe Biden pivot to that. 574 00:32:49,040 --> 00:32:51,800 Speaker 1: They started pitching it into sort of the statements of 575 00:32:51,800 --> 00:32:55,120 Speaker 1: what is on his agenda, not all Afghanistan all the time. 576 00:32:55,120 --> 00:32:56,400 Speaker 1: So I think they're going to pivot to this and 577 00:32:56,480 --> 00:32:59,840 Speaker 1: try to push it forward. I really wonder who will, 578 00:33:00,200 --> 00:33:03,240 Speaker 1: But I think I think Jack's comment on on parsing 579 00:33:03,240 --> 00:33:06,480 Speaker 1: the statements from these moderates, I think it's very astute. 580 00:33:06,560 --> 00:33:11,320 Speaker 1: You know this is not a united block, absolutely dug 581 00:33:11,400 --> 00:33:15,200 Speaker 1: in and all have a vested interest in getting something 582 00:33:15,320 --> 00:33:19,280 Speaker 1: into this bill, right, Jack, What will be the endgame 583 00:33:19,360 --> 00:33:23,040 Speaker 1: next week? It's relatively brief visit for for House lawmakers. Yeah, 584 00:33:23,040 --> 00:33:25,880 Speaker 1: they're just coming in. Uh, they're they're supposed to set 585 00:33:25,880 --> 00:33:28,720 Speaker 1: the stage for a couple things, but the main focus 586 00:33:28,880 --> 00:33:33,080 Speaker 1: is the budget resolution that has the instructions for the 587 00:33:33,120 --> 00:33:34,920 Speaker 1: three and a half trillion dollar bill. They're not going 588 00:33:34,960 --> 00:33:36,840 Speaker 1: to get the whole bill done. The goal is to 589 00:33:36,880 --> 00:33:40,360 Speaker 1: get the bill drafted by September fifteenth, and that might 590 00:33:40,400 --> 00:33:43,200 Speaker 1: not even be realistic. So it's not a lot of 591 00:33:43,200 --> 00:33:45,760 Speaker 1: work to do. Is just the question as to whether 592 00:33:45,800 --> 00:33:48,360 Speaker 1: they have the votes, if there are enough people to 593 00:33:48,360 --> 00:33:50,840 Speaker 1: to block it. If they lose more than three votes, 594 00:33:50,920 --> 00:33:53,800 Speaker 1: they don't have a majority anymore. But really, they're not 595 00:33:53,840 --> 00:33:55,760 Speaker 1: doing a ton of work. Next week. They just start 596 00:33:55,800 --> 00:33:59,000 Speaker 1: trying to do that whip count and and get enough 597 00:33:59,000 --> 00:34:01,960 Speaker 1: of those nine members to crack under pressure. Yeah, boy, 598 00:34:02,040 --> 00:34:06,520 Speaker 1: it's going to be interesting and uh hot here in Washington. Now. 599 00:34:06,560 --> 00:34:08,400 Speaker 1: I do want to I do want to turn to 600 00:34:08,440 --> 00:34:10,240 Speaker 1: the vaccine. As I mentioned this a little bit earlier, 601 00:34:10,800 --> 00:34:14,080 Speaker 1: Josh acknowledged it pretty quickly. But this this is a 602 00:34:14,160 --> 00:34:17,320 Speaker 1: significant headline that the FDA, according to the New York Times, 603 00:34:18,480 --> 00:34:23,000 Speaker 1: will give full approval as opposed to emergency authorization to 604 00:34:23,160 --> 00:34:27,719 Speaker 1: the Fiser vaccine on Monday. Josh. This coincides with a 605 00:34:27,760 --> 00:34:30,839 Speaker 1: real effort by the White House to increase the vaccination rate, 606 00:34:30,840 --> 00:34:33,680 Speaker 1: and we've actually seen it happening back above a million 607 00:34:33,719 --> 00:34:35,839 Speaker 1: shots a day, I think two days in a row. 608 00:34:35,920 --> 00:34:39,560 Speaker 1: Now does this make more people comfortable to get the vaccine? 609 00:34:40,239 --> 00:34:42,120 Speaker 1: It depends on who you asked. Joe Biden thinks that 610 00:34:42,160 --> 00:34:44,600 Speaker 1: will make more people comfortable, and I should give credit 611 00:34:44,680 --> 00:34:47,600 Speaker 1: to political who actually had this before at the times 612 00:34:47,600 --> 00:34:50,759 Speaker 1: of credit to political reporters for Stromberg has matched it. 613 00:34:51,160 --> 00:34:53,520 Speaker 1: I'm told that this is coming Monday or Tuesday. A 614 00:34:53,640 --> 00:34:56,719 Speaker 1: reminder fighter. Until now, it's been given under what's called 615 00:34:56,760 --> 00:34:59,399 Speaker 1: an eu A, an emergency authorization. This is the next 616 00:34:59,480 --> 00:35:02,839 Speaker 1: step up full approval, you know, pidons, As we said, 617 00:35:02,880 --> 00:35:05,400 Speaker 1: just circle back to the start of it. He thinks 618 00:35:05,400 --> 00:35:07,840 Speaker 1: that this might take away one reason why people wouldn't 619 00:35:07,880 --> 00:35:11,040 Speaker 1: want to get the vaccine. Others are you know, dubious 620 00:35:11,040 --> 00:35:13,000 Speaker 1: about that. At least in some cases they think people 621 00:35:13,000 --> 00:35:15,360 Speaker 1: who are saying they're not getting it because it's affably approved. 622 00:35:15,719 --> 00:35:18,239 Speaker 1: Might find another reason to not get it. But you know, 623 00:35:18,360 --> 00:35:21,399 Speaker 1: in Biden's perspective is everything helps. He also thinks, Joe, 624 00:35:21,680 --> 00:35:24,640 Speaker 1: that this will give strong group legal and sort of 625 00:35:24,680 --> 00:35:28,360 Speaker 1: moral if you will, putting for businesses, schools, agencies like 626 00:35:28,400 --> 00:35:31,839 Speaker 1: that imposed vaccination requirements. Now that you've got a drug 627 00:35:31,880 --> 00:35:34,840 Speaker 1: that is approved rather than just authorized. So again, expect 628 00:35:34,880 --> 00:35:37,359 Speaker 1: this as of now to come Monday or Yeah. He 629 00:35:37,400 --> 00:35:39,680 Speaker 1: has made that suggestion, Jack, that this might make it 630 00:35:39,719 --> 00:35:44,920 Speaker 1: easier to essentially regulate or the need for vaccines right 631 00:35:44,920 --> 00:35:47,560 Speaker 1: down to mandate's in the military. You know, this is 632 00:35:47,640 --> 00:35:50,239 Speaker 1: one piece that fits in with other pieces. I don't 633 00:35:50,239 --> 00:35:53,840 Speaker 1: think there is a panacea or just a silver bullet 634 00:35:53,880 --> 00:35:57,600 Speaker 1: that that takes away everybody's hesitancy about the vaccine, but 635 00:35:57,719 --> 00:36:00,799 Speaker 1: one some people could see this in say Okay, I'm 636 00:36:00,800 --> 00:36:04,640 Speaker 1: more comfortable with a vaccine to other government officials, other 637 00:36:04,760 --> 00:36:08,480 Speaker 1: businesses could be encouraged. And that's where Biden has kind 638 00:36:08,480 --> 00:36:13,000 Speaker 1: of nudged people. And uh, and he spoke he has 639 00:36:13,040 --> 00:36:16,920 Speaker 1: spoken positively about at least the idea of mandates. Uh, 640 00:36:17,239 --> 00:36:21,239 Speaker 1: he's not mandating vaccines at the federal level. But this 641 00:36:21,360 --> 00:36:25,000 Speaker 1: could nudge people at the local level, or even just 642 00:36:25,040 --> 00:36:28,640 Speaker 1: more businesses requiring proof of vaccinations to go to a 643 00:36:28,680 --> 00:36:32,480 Speaker 1: concert or whatever to do that. Let's just note that 644 00:36:32,520 --> 00:36:34,680 Speaker 1: in the space of this broadcast we've been on less 645 00:36:34,680 --> 00:36:37,440 Speaker 1: than an hour. Josh wing Grove already has a story 646 00:36:37,480 --> 00:36:39,600 Speaker 1: with a byline on this. To your point, Josh, I've 647 00:36:39,600 --> 00:36:42,120 Speaker 1: been fooling around on the radio here obviously, but not 648 00:36:42,200 --> 00:36:44,759 Speaker 1: only have you matched the other reporting, He's written the 649 00:36:44,760 --> 00:36:49,719 Speaker 1: full story FISR covident. You see what happens. He goes 650 00:36:49,760 --> 00:36:51,799 Speaker 1: home and Yeah, on a Friday, he goes to right 651 00:36:51,920 --> 00:36:54,840 Speaker 1: instead of anyway. Uh. You point out towards the end 652 00:36:54,880 --> 00:36:57,520 Speaker 1: of the column, Josh, the president has had to nominate 653 00:36:57,560 --> 00:36:59,600 Speaker 1: a permanent head of the f d A. This keeps 654 00:36:59,600 --> 00:37:01,840 Speaker 1: coming up in briefings. When's that going to happen? And 655 00:37:02,400 --> 00:37:06,120 Speaker 1: how come it's been so difficult? Yeah, after shooting politicals horn, 656 00:37:06,200 --> 00:37:08,719 Speaker 1: let us to Bloomberg's who broke this last night. They 657 00:37:08,840 --> 00:37:13,320 Speaker 1: decided against Janet Woodcock, who is the acting missioner, decided 658 00:37:13,320 --> 00:37:15,640 Speaker 1: against nominating her for the permanent post. Joe Biden is 659 00:37:15,760 --> 00:37:17,960 Speaker 1: signal that this is simply because they do not think 660 00:37:18,000 --> 00:37:20,640 Speaker 1: she has the votes. Joe Manchin and others have raised 661 00:37:20,640 --> 00:37:23,000 Speaker 1: out about her, in particular in the controversy over the 662 00:37:23,040 --> 00:37:26,440 Speaker 1: approval of an Alzheimer's drug from June. I'm told that 663 00:37:26,680 --> 00:37:30,640 Speaker 1: another pick another name is not pecularly imminent, that we're 664 00:37:30,640 --> 00:37:32,640 Speaker 1: gonna be waiting I think a while. She can serve 665 00:37:32,760 --> 00:37:35,480 Speaker 1: until November fifteen, and a little longer if the nominee 666 00:37:35,520 --> 00:37:38,879 Speaker 1: is in placed in the process by then, of all agencies, 667 00:37:38,960 --> 00:37:42,200 Speaker 1: to not have someone running it in this period of time, Uh, 668 00:37:42,239 --> 00:37:45,720 Speaker 1: that really sticks out like a sore thumb. Uh. Find 669 00:37:45,920 --> 00:37:49,120 Speaker 1: Josh's column on the on the terminal of course about 670 00:37:49,160 --> 00:37:52,400 Speaker 1: the Fiser COVID vaccine and Josh wyn Grove, we do 671 00:37:52,520 --> 00:37:54,319 Speaker 1: thank you for being with us today. You've had a 672 00:37:54,320 --> 00:37:57,479 Speaker 1: heck of a week and great reporting. Bloomberg News White 673 00:37:57,480 --> 00:38:00,520 Speaker 1: House correspondent Jack Fitzpatrick with us as well on the 674 00:38:00,560 --> 00:38:05,200 Speaker 1: Friday Reporters round Table from Bloomberg Government. Who's doing amazing 675 00:38:05,200 --> 00:38:06,960 Speaker 1: work on Capitol Hill and you're gonna have it busy 676 00:38:07,000 --> 00:38:09,239 Speaker 1: one next week, Jack, So let's connect when we get 677 00:38:09,280 --> 00:38:11,880 Speaker 1: to that Bloombergy sound on brought to you by s 678 00:38:11,880 --> 00:38:15,279 Speaker 1: E I. Since it's founding fifty years ago, SEI has 679 00:38:15,320 --> 00:38:20,359 Speaker 1: provided investment managers and asset owners with robust infrastructure platforms 680 00:38:20,400 --> 00:38:23,120 Speaker 1: and flexible outsourcing solutions. Go to s E i C 681 00:38:23,480 --> 00:38:27,040 Speaker 1: dot com slash i m s. Hey have a weekend, 682 00:38:27,440 --> 00:38:29,960 Speaker 1: but don't stop listening to the news and don't turn 683 00:38:30,000 --> 00:38:32,279 Speaker 1: away from the terminal. In a time like this, the 684 00:38:32,320 --> 00:38:34,680 Speaker 1: headlines are flying. I'll meet you back here Monday, the 685 00:38:34,680 --> 00:38:38,239 Speaker 1: fastest hour in politics. I'm Joe Matthew. This is Bloomberg