1 00:00:02,120 --> 00:00:06,400 Speaker 1: My from our nation's capital. This is Bloomberg sound On 2 00:00:07,680 --> 00:00:11,760 Speaker 1: talking about a huge issue here is investment in marginalized communities. 3 00:00:11,960 --> 00:00:14,960 Speaker 1: They want to deconstruct this package and cherry pick what 4 00:00:15,040 --> 00:00:18,360 Speaker 1: they like what they don't like. China is surgeon powered 5 00:00:18,360 --> 00:00:23,480 Speaker 1: with major investments. Bloomberg sound On, the insiders, the influencers, 6 00:00:23,560 --> 00:00:27,040 Speaker 1: the insns. Biden has promised again and again that he 7 00:00:27,200 --> 00:00:30,680 Speaker 1: will unite the country. Who would you think Biden has 8 00:00:30,760 --> 00:00:34,159 Speaker 1: to watch in terms of moderate defectors in port structure 9 00:00:34,400 --> 00:00:37,640 Speaker 1: That has always been guard part of the Bloomberg sound 10 00:00:37,680 --> 00:00:43,479 Speaker 1: On on Bloomberg Radio. I'm Emily Wilkins here with my 11 00:00:43,600 --> 00:00:47,400 Speaker 1: co host Jack Fitzpatrick on this rainy Monday. We're going 12 00:00:47,440 --> 00:00:49,360 Speaker 1: to get into a number of things on today's show, 13 00:00:49,440 --> 00:00:52,000 Speaker 1: including what you should expect later this week when the 14 00:00:52,040 --> 00:00:55,640 Speaker 1: heads of major banks appear before a House panel will 15 00:00:55,680 --> 00:00:57,960 Speaker 1: be speaking with one of the lawmakers set to grill 16 00:00:58,040 --> 00:01:02,680 Speaker 1: them this Thursday. Also an update on President Biden's infrastructure plan, 17 00:01:02,960 --> 00:01:06,480 Speaker 1: meaning headwinds in Congress, and the latest on Belarus, the 18 00:01:06,480 --> 00:01:10,120 Speaker 1: Middle East, and China. I'm Emily Wilkins here in our 19 00:01:10,240 --> 00:01:13,640 Speaker 1: DC studio along with my co host Jack Fitzpatrick, getting 20 00:01:13,680 --> 00:01:16,479 Speaker 1: you through the end part of another Monday. In just 21 00:01:16,560 --> 00:01:18,839 Speaker 1: a minute, we are going to be joined by Democratic 22 00:01:18,840 --> 00:01:23,520 Speaker 1: Pennsylvania Congresswoman Madeline Dean. But first, we're getting some breaking 23 00:01:23,520 --> 00:01:28,000 Speaker 1: news across the terminal. Sounds like European Union leaders have 24 00:01:28,160 --> 00:01:33,000 Speaker 1: agreed to sanctions on Belarus. The country came under scrutiny 25 00:01:33,040 --> 00:01:36,640 Speaker 1: over the weekend when a commercial airliner was forced to 26 00:01:36,840 --> 00:01:41,240 Speaker 1: ground and an opposition activist was taken off the plane. 27 00:01:41,280 --> 00:01:45,479 Speaker 1: There's been widespread condemnation of this move, and we've been 28 00:01:45,520 --> 00:01:49,720 Speaker 1: hearing more from today from world leaders, but certainly it's 29 00:01:49,760 --> 00:01:52,800 Speaker 1: European Union block is one of the big ones that 30 00:01:52,880 --> 00:01:55,440 Speaker 1: we were watching today. I mean, Jack, what do you 31 00:01:55,480 --> 00:01:57,520 Speaker 1: sort of make of of what we're hearing right now 32 00:01:57,520 --> 00:02:00,520 Speaker 1: with these sanctions. Well, it was pretty significant news that 33 00:02:00,600 --> 00:02:04,200 Speaker 1: the EU agreed, according to reporting from the AP just 34 00:02:04,280 --> 00:02:09,120 Speaker 1: a little bit earlier this afternoon, against Belarus, including a 35 00:02:09,160 --> 00:02:11,520 Speaker 1: ban on the use of airspace. But I think there 36 00:02:11,520 --> 00:02:16,520 Speaker 1: are some really important unanswered questions, especially as it pertains 37 00:02:16,560 --> 00:02:18,880 Speaker 1: to the US. You know, there was the news that 38 00:02:19,000 --> 00:02:22,560 Speaker 1: Vladimir Putin is going to meet with the Belarusian President 39 00:02:22,600 --> 00:02:27,040 Speaker 1: Alexander Lukashenko, uh seemingly in a sign of support after 40 00:02:27,120 --> 00:02:29,800 Speaker 1: the arrest of this dissident, and it really seems to 41 00:02:29,919 --> 00:02:32,800 Speaker 1: raise the question what does the US do as in 42 00:02:32,880 --> 00:02:36,560 Speaker 1: response to this, as it pertains to not only Belarus 43 00:02:36,639 --> 00:02:40,040 Speaker 1: but Russia backing up Lukashenko. So I would point that 44 00:02:40,080 --> 00:02:42,919 Speaker 1: out as one of the really key outstanding questions now 45 00:02:43,080 --> 00:02:44,880 Speaker 1: and Jack, we're going to get into that later, but 46 00:02:44,960 --> 00:02:47,120 Speaker 1: now we're going to turn to Congress for a minute. 47 00:02:47,320 --> 00:02:49,760 Speaker 1: You know, the U s. House of Representatives, they're out 48 00:02:49,760 --> 00:02:51,799 Speaker 1: of town for the next three weeks, but that does 49 00:02:52,000 --> 00:02:54,639 Speaker 1: not mean that they are stopping working. They're going to 50 00:02:54,720 --> 00:02:57,440 Speaker 1: be continuing from their district as they make progress on 51 00:02:57,480 --> 00:03:00,800 Speaker 1: a number of bills, including changes to police seeing presidents 52 00:03:00,840 --> 00:03:03,840 Speaker 1: by an infrastructure bill, and a big thing this week, 53 00:03:03,960 --> 00:03:07,160 Speaker 1: the House Financial Services Committee is holding a hearing with 54 00:03:07,240 --> 00:03:10,079 Speaker 1: the heads of major banks on Thursday, where they will 55 00:03:10,120 --> 00:03:14,560 Speaker 1: be questioned by number of lawmakers, including Pennsylvania congresswoman and 56 00:03:14,639 --> 00:03:18,760 Speaker 1: noted WAHWA super fan Madeline Dean, Congressman. Were so grateful 57 00:03:18,800 --> 00:03:21,320 Speaker 1: to have you joined us today on the show You Know. 58 00:03:21,480 --> 00:03:23,760 Speaker 1: Latest week, you will be at a hearing with the 59 00:03:23,800 --> 00:03:28,040 Speaker 1: heads of numerous major banks, including JP Morrigan, Morgan Stanley, 60 00:03:28,120 --> 00:03:31,520 Speaker 1: Bank of America. What are you going to be looking 61 00:03:31,600 --> 00:03:34,520 Speaker 1: for in this hearing and what are you going to 62 00:03:34,600 --> 00:03:38,880 Speaker 1: be asking the heads of these major banks? Well, Emily, 63 00:03:38,920 --> 00:03:41,040 Speaker 1: thank you for having me. Thank you for noting that 64 00:03:41,120 --> 00:03:44,520 Speaker 1: when we are back in district, we're not only doing 65 00:03:44,520 --> 00:03:48,320 Speaker 1: committee work, we're doing district work and outreach uh so, 66 00:03:48,680 --> 00:03:51,440 Speaker 1: and also thank you for noting I am a Lahwa 67 00:03:51,600 --> 00:03:56,320 Speaker 1: fan unabashed wawa fan. I am looking forward to this 68 00:03:56,640 --> 00:03:59,400 Speaker 1: this hearing with the big banks. I've been part of 69 00:03:59,440 --> 00:04:04,600 Speaker 1: several rinks in my freshman term on financial services UH, 70 00:04:04,640 --> 00:04:09,480 Speaker 1: and my line of questioning is often towards governance. How 71 00:04:09,520 --> 00:04:14,640 Speaker 1: are these big banks governing themselves under the regulations as 72 00:04:14,680 --> 00:04:17,280 Speaker 1: they appear? Now? What do we need to know as 73 00:04:17,360 --> 00:04:21,640 Speaker 1: policymakers to make sure we hold them accountable for transparency 74 00:04:22,279 --> 00:04:27,240 Speaker 1: UH and good governance and for consumer protection. We've seen 75 00:04:27,640 --> 00:04:31,279 Speaker 1: some of the big banks get hit with very massive 76 00:04:31,360 --> 00:04:36,320 Speaker 1: fines for um mistakes they made UH and so I 77 00:04:36,360 --> 00:04:39,400 Speaker 1: want to see where they are in terms of consumer protection, 78 00:04:39,960 --> 00:04:42,960 Speaker 1: caring about the customer who comes in their bank or 79 00:04:43,040 --> 00:04:47,039 Speaker 1: goes online uh and and at bars from them or 80 00:04:47,160 --> 00:04:50,760 Speaker 1: stays with them. That's what I want to know. Congressman 81 00:04:50,839 --> 00:04:54,160 Speaker 1: Jack Fitzpatrick here thanks for joining us. More specifically on 82 00:04:54,200 --> 00:04:58,880 Speaker 1: that note, UM, I'm curious about how this breaks down 83 00:04:59,000 --> 00:05:03,720 Speaker 1: either to supporting Dodd Frank, which many Republicans don't like, 84 00:05:04,240 --> 00:05:07,320 Speaker 1: or going for something bigger. Do you think that that 85 00:05:07,400 --> 00:05:10,880 Speaker 1: Dodd Frank did enough? Or do you when you are 86 00:05:11,200 --> 00:05:14,680 Speaker 1: asking questions of these bank ceo s, do you have 87 00:05:14,720 --> 00:05:19,800 Speaker 1: in mind anything more punitive, more penalties for any wrongdoing. 88 00:05:20,240 --> 00:05:22,120 Speaker 1: I guess my my question really is do you want 89 00:05:22,120 --> 00:05:24,880 Speaker 1: to protect the progress that you believe has been made 90 00:05:25,320 --> 00:05:28,920 Speaker 1: or do you want to push more for more transparency 91 00:05:28,960 --> 00:05:33,000 Speaker 1: or greater penalties on banks. Got to be with you also, 92 00:05:33,680 --> 00:05:37,960 Speaker 1: I want both. Sorry, I tend to be that way. 93 00:05:38,080 --> 00:05:40,360 Speaker 1: I want to make sure that the reforms of God 94 00:05:40,480 --> 00:05:44,440 Speaker 1: Frank are lived out and lived up to. But where 95 00:05:44,440 --> 00:05:49,480 Speaker 1: there are gaps where consumers are not being protected or 96 00:05:49,520 --> 00:05:52,719 Speaker 1: where consumers are being taken advantage of, we have a 97 00:05:52,839 --> 00:05:56,760 Speaker 1: roultiply guess policymakers to make sure that doesn't happen in 98 00:05:56,839 --> 00:06:00,279 Speaker 1: a very changing market place at a really challenging time. 99 00:06:00,720 --> 00:06:03,640 Speaker 1: This is a time of a pandemic where people's economic 100 00:06:04,440 --> 00:06:08,280 Speaker 1: future has been unsteady, and on shore where families are 101 00:06:08,279 --> 00:06:10,479 Speaker 1: trying to get folks back to work. They're trying to 102 00:06:10,520 --> 00:06:13,640 Speaker 1: catch up on mortgage payments, or rent payments or credit 103 00:06:13,640 --> 00:06:18,479 Speaker 1: card payments. UH. Student loan debt is a continuing issue. 104 00:06:18,880 --> 00:06:21,280 Speaker 1: The big banks are are not in the student loan 105 00:06:21,400 --> 00:06:26,560 Speaker 1: world uh much at all anymore. But all of these 106 00:06:26,600 --> 00:06:29,800 Speaker 1: measures need to make sure. I'm somebody who wants to 107 00:06:29,839 --> 00:06:34,880 Speaker 1: make sure we we reinforced meet the marketplace, protecting the 108 00:06:34,960 --> 00:06:39,840 Speaker 1: consumer first, while allowing banks to be competitive and and 109 00:06:40,560 --> 00:06:46,160 Speaker 1: um meet their needs for shareholders and marketplace. Congresswoman, you 110 00:06:46,200 --> 00:06:48,960 Speaker 1: know the banks that are coming to this hearing. They 111 00:06:49,000 --> 00:06:52,240 Speaker 1: are some of the global systemically important banks in the 112 00:06:52,360 --> 00:06:54,880 Speaker 1: US and in the past a decade, as Jack pointed out, 113 00:06:55,040 --> 00:06:57,320 Speaker 1: you know, these banks were bailed out after the two 114 00:06:57,360 --> 00:07:00,880 Speaker 1: thousand eight procession, they continued to grow even bigger than before. 115 00:07:00,960 --> 00:07:04,680 Speaker 1: They hold half of domestic banking assets in the US 116 00:07:04,920 --> 00:07:08,359 Speaker 1: nearly four trillion dollars and loans. I wondering, are you 117 00:07:08,440 --> 00:07:11,920 Speaker 1: concerned that these banks are getting too big? Is there 118 00:07:12,000 --> 00:07:16,400 Speaker 1: additional regulation that's needed there? Certainly we have to be 119 00:07:16,480 --> 00:07:20,200 Speaker 1: concerned with that. Uh, and so on financial services. We 120 00:07:20,240 --> 00:07:23,160 Speaker 1: pay attention not just to the big banks. We pay 121 00:07:23,200 --> 00:07:26,960 Speaker 1: attention to credit unions. We pay attention to community bankers. 122 00:07:27,640 --> 00:07:30,320 Speaker 1: We have to make sure that they the big banks, 123 00:07:30,320 --> 00:07:35,680 Speaker 1: don't have unfair advantage and unfair support, policy support or 124 00:07:35,920 --> 00:07:38,960 Speaker 1: or elsewhere. But we also want to make sure that 125 00:07:39,120 --> 00:07:44,080 Speaker 1: they are a part of this full economic recovery. You know, 126 00:07:44,160 --> 00:07:47,040 Speaker 1: we've seen an awful lot of local lenders jump in 127 00:07:47,960 --> 00:07:49,800 Speaker 1: as we were trying to make the rules as we 128 00:07:49,840 --> 00:07:53,880 Speaker 1: went along with CARES and CARES two point oh uh 129 00:07:53,880 --> 00:07:56,720 Speaker 1: and now with the American Rescue Plan, with PPP and 130 00:07:56,840 --> 00:08:02,040 Speaker 1: all the rest um. I to make sure, uh, you know, 131 00:08:02,120 --> 00:08:06,560 Speaker 1: I'm also on traditionary and we're looking at antitrust issue. 132 00:08:06,920 --> 00:08:10,880 Speaker 1: We don't want any one entity platform, whatever it is, 133 00:08:11,080 --> 00:08:15,400 Speaker 1: to be so large that it holds monopoly power, or 134 00:08:15,640 --> 00:08:19,640 Speaker 1: that it's so large that it fails more people around 135 00:08:19,840 --> 00:08:23,800 Speaker 1: them fail. So Congressman, I want to ask about I 136 00:08:23,840 --> 00:08:26,280 Speaker 1: guess a tangentially related issue at least I think it's 137 00:08:26,440 --> 00:08:29,640 Speaker 1: relevant to someone on the Finance Committee. I saw the 138 00:08:29,680 --> 00:08:33,200 Speaker 1: news today that over in the Senate, Elizabeth Warren is 139 00:08:33,360 --> 00:08:36,480 Speaker 1: pushing for a measure that not only would about triple 140 00:08:36,600 --> 00:08:38,720 Speaker 1: the I R S budget, And there has been so 141 00:08:38,800 --> 00:08:41,680 Speaker 1: much talk about increasing I r S enforcement, but also 142 00:08:41,840 --> 00:08:46,880 Speaker 1: interestingly make i r S funding mandatory rather than discretionary, 143 00:08:47,080 --> 00:08:50,320 Speaker 1: meaning that would not be subject to an annual debate. 144 00:08:50,400 --> 00:08:53,120 Speaker 1: It's supposed to not be politicized. Where do you come 145 00:08:53,160 --> 00:08:56,480 Speaker 1: down on not just the idea of increasing the I 146 00:08:56,600 --> 00:08:59,360 Speaker 1: R s IS budget, but making that mandatory funding and 147 00:08:59,400 --> 00:09:03,040 Speaker 1: kind of putting out on autopilot back. I haven't read 148 00:09:03,080 --> 00:09:06,360 Speaker 1: that proposal. What I am in favor of as part 149 00:09:06,360 --> 00:09:09,600 Speaker 1: of what that proposal talks about, which is greater funding 150 00:09:09,600 --> 00:09:12,000 Speaker 1: to I R S. I RS is only going to 151 00:09:12,040 --> 00:09:15,920 Speaker 1: be as effective as we fund it appropriately. We know 152 00:09:16,080 --> 00:09:19,640 Speaker 1: that it has been underfunded. UH and therefore part of 153 00:09:19,640 --> 00:09:23,960 Speaker 1: the problem of our revenue streams is our inability to 154 00:09:24,080 --> 00:09:28,440 Speaker 1: collect all of the revenue ODA. UH So tax folks 155 00:09:28,440 --> 00:09:31,760 Speaker 1: who are just skipping and not paying taxes, businesses who 156 00:09:31,760 --> 00:09:34,840 Speaker 1: are not paying taxes. So I favor the first part 157 00:09:34,840 --> 00:09:37,640 Speaker 1: of what you just said, which is increased funding to 158 00:09:37,760 --> 00:09:41,120 Speaker 1: I R S in order to make sure that those 159 00:09:41,160 --> 00:09:44,319 Speaker 1: who are not paying their fair share pay their fair share. 160 00:09:44,800 --> 00:09:48,559 Speaker 1: Estimates are high as to what is uncollected every single 161 00:09:48,640 --> 00:09:52,520 Speaker 1: year as we approach this American job plan, that has 162 00:09:52,559 --> 00:09:55,320 Speaker 1: to be a part of the revenue stream UH. In 163 00:09:55,400 --> 00:09:57,560 Speaker 1: terms of making a permanent I'll take a look at that. 164 00:09:57,600 --> 00:09:59,360 Speaker 1: I don't have an opinion on it because I want 165 00:09:59,360 --> 00:10:02,520 Speaker 1: to read it, and under standard no congressman mentioning the 166 00:10:02,559 --> 00:10:04,920 Speaker 1: American Jobs Plan. I actually want to ask you a 167 00:10:04,960 --> 00:10:09,320 Speaker 1: little bit about those particular negotiations. Um yourself, I believe 168 00:10:09,360 --> 00:10:11,960 Speaker 1: are a member of the House Progressive Caucus, and about 169 00:10:12,040 --> 00:10:15,199 Speaker 1: sixty of your colleagues recently signed a letter asking how 170 00:10:15,240 --> 00:10:18,959 Speaker 1: Speaker Nancy Pelosi and then Senate Majority Leader Chuck Schumer 171 00:10:19,000 --> 00:10:23,719 Speaker 1: to not scale back President Biden's infrastructure package and GOP negotiations, 172 00:10:24,000 --> 00:10:26,360 Speaker 1: but to go and really try and get the biggest 173 00:10:26,360 --> 00:10:30,040 Speaker 1: package that they could for the American people now. And 174 00:10:30,200 --> 00:10:32,679 Speaker 1: I saw that letter. I scanned it twice. I didn't 175 00:10:32,679 --> 00:10:34,760 Speaker 1: see your signature on it, but I want to just 176 00:10:34,800 --> 00:10:39,040 Speaker 1: get your thoughts on how long the Democrats and Republicans 177 00:10:39,120 --> 00:10:42,600 Speaker 1: should try to debate to reach a compromise before Democrats 178 00:10:42,679 --> 00:10:44,520 Speaker 1: just need to say, you know what we need to 179 00:10:44,559 --> 00:10:48,200 Speaker 1: get going on this. I have to tell you I'm 180 00:10:48,280 --> 00:10:51,240 Speaker 1: with the spirit of that letter. May I may not 181 00:10:51,360 --> 00:10:55,400 Speaker 1: have signed onto it. In this respect, I hope that 182 00:10:55,520 --> 00:11:00,920 Speaker 1: whatever we do is transformational, is a generational investment in 183 00:11:00,920 --> 00:11:05,000 Speaker 1: infrastructure in all its forms. We can't be stuck in 184 00:11:05,040 --> 00:11:08,560 Speaker 1: the nineteen hundreds in terms of what is infrastructure uh, 185 00:11:08,559 --> 00:11:10,679 Speaker 1: And I think of it really literally in terms of 186 00:11:10,720 --> 00:11:13,400 Speaker 1: my grandchildren, I have three. At a fourth point on 187 00:11:13,440 --> 00:11:16,600 Speaker 1: the way, I want to make sure that as we 188 00:11:16,679 --> 00:11:21,280 Speaker 1: invest in our communities, my older Ring suburb of Philadelphia, 189 00:11:21,320 --> 00:11:25,000 Speaker 1: for example, that we are investing looking at the future. 190 00:11:25,120 --> 00:11:28,920 Speaker 1: So it's more walkable, it's more bikeable, it's safer. Uh, 191 00:11:28,960 --> 00:11:32,000 Speaker 1: It's where people want to live and work and play. 192 00:11:32,360 --> 00:11:35,720 Speaker 1: They can get on mass transit with ease. UH. They 193 00:11:35,800 --> 00:11:38,719 Speaker 1: have confidence in their water supply and the pipes to 194 00:11:38,800 --> 00:11:41,040 Speaker 1: bring in that water, and that the water is clean, 195 00:11:41,440 --> 00:11:45,839 Speaker 1: that it is paying close attention uh to climate change 196 00:11:45,840 --> 00:11:48,560 Speaker 1: and making sure we protect our planet and live up 197 00:11:48,559 --> 00:11:52,040 Speaker 1: to our obligation there. So I am all in favor 198 00:11:52,080 --> 00:11:55,520 Speaker 1: of as robust a package as we can come up with. 199 00:11:55,800 --> 00:11:59,920 Speaker 1: In terms of timing, I thought the President, I'm not 200 00:12:00,000 --> 00:12:03,520 Speaker 1: I couldn't be negotiating this package. But I'll keep fighting 201 00:12:03,520 --> 00:12:06,560 Speaker 1: for this top number of dollars that makes the most 202 00:12:06,640 --> 00:12:11,480 Speaker 1: transformational change. And if the Republicans cannot come to the table, 203 00:12:11,800 --> 00:12:14,440 Speaker 1: we need to move along and make sure we passed 204 00:12:14,440 --> 00:12:18,240 Speaker 1: the infrastructure bill. You noted that we passed the American 205 00:12:18,280 --> 00:12:22,040 Speaker 1: Rescue Plan. Sadly, we did not have a single Republicans 206 00:12:22,240 --> 00:12:27,959 Speaker 1: to support those incredibly powerful resources coming into every single 207 00:12:28,040 --> 00:12:31,600 Speaker 1: one of our districts. Whether our districts are led by 208 00:12:31,920 --> 00:12:36,679 Speaker 1: a Republican member of Congress for a Democrat can and 209 00:12:36,800 --> 00:12:39,720 Speaker 1: we will lead, I prefer to do it with Republican support. 210 00:12:39,800 --> 00:12:42,280 Speaker 1: This is something that co opted me by partisans. Sure, 211 00:12:42,280 --> 00:12:44,679 Speaker 1: but I'm wondering how much it's going to take Republicans 212 00:12:44,720 --> 00:12:46,240 Speaker 1: to get on board. I mean, you saw the White 213 00:12:46,280 --> 00:12:49,319 Speaker 1: House come back on Friday with a slimmer one point 214 00:12:49,320 --> 00:12:52,680 Speaker 1: seven trillion dollar plan that's a concession of about what 215 00:12:52,920 --> 00:12:56,200 Speaker 1: five hundred billion dollars, and you saw Senate Republicans give 216 00:12:56,240 --> 00:12:58,600 Speaker 1: a very cold shoulder to this. I mean, at what 217 00:12:58,640 --> 00:13:01,000 Speaker 1: point do you say, you know, we need to move 218 00:13:01,040 --> 00:13:04,520 Speaker 1: forward with this package. We can't wait anymore for Republicans 219 00:13:04,600 --> 00:13:08,400 Speaker 1: to define a past t Yes, I'm not sure what 220 00:13:08,520 --> 00:13:11,840 Speaker 1: that moment is, and I know those negotiating do, But 221 00:13:11,960 --> 00:13:15,160 Speaker 1: you know what is the larger picture here? This is 222 00:13:15,200 --> 00:13:19,040 Speaker 1: a Republican party at war with itself, trying to figure 223 00:13:19,040 --> 00:13:22,200 Speaker 1: out who it is. And that's part of the fall 224 00:13:22,240 --> 00:13:26,040 Speaker 1: out of that is a legislative stagnation on their part. 225 00:13:26,480 --> 00:13:29,000 Speaker 1: So we can't let them stagnate this build too long. 226 00:13:29,880 --> 00:13:33,720 Speaker 1: We'll have to move forward. What we have a Republican majority. 227 00:13:33,800 --> 00:13:38,720 Speaker 1: Take a look at Mr McCarthy who deputized Representative Catso 228 00:13:39,080 --> 00:13:44,640 Speaker 1: to negotiate the one six commission, and he got a 229 00:13:44,880 --> 00:13:49,120 Speaker 1: bipartisan agreement to have equal number of commissioners, equal power 230 00:13:49,160 --> 00:13:53,920 Speaker 1: of step over subpoena. It was approved, and then Mr McCarthy, 231 00:13:54,120 --> 00:13:56,920 Speaker 1: undermining his own member, said he was no longer in 232 00:13:57,000 --> 00:14:00,160 Speaker 1: favor of it. That is a party at mom with itself, 233 00:14:00,800 --> 00:14:04,280 Speaker 1: uh and unable to face the truth. Uh. Matt is 234 00:14:04,280 --> 00:14:08,840 Speaker 1: having a direct impact on much excitive priority. So Congresswoman, 235 00:14:08,880 --> 00:14:11,720 Speaker 1: what's the backup plan on January six? I mean, if 236 00:14:11,760 --> 00:14:15,200 Speaker 1: Republicans are now against this, and we heard from Mitch 237 00:14:15,280 --> 00:14:18,439 Speaker 1: McConnell and the Senate he opposes the plan for the commission, 238 00:14:19,040 --> 00:14:21,760 Speaker 1: do you just try to push forward the same kind 239 00:14:21,760 --> 00:14:23,880 Speaker 1: of thing, or what's the next step for Democrats who 240 00:14:23,960 --> 00:14:26,720 Speaker 1: do want a commission to treat this like a nine 241 00:14:26,800 --> 00:14:31,560 Speaker 1: eleven type event. I hope our constituents are the driving force, 242 00:14:32,160 --> 00:14:35,440 Speaker 1: but Americans say, we need to know the truth of 243 00:14:35,520 --> 00:14:39,160 Speaker 1: what happened. After all, this was no Tuesday tour. This 244 00:14:39,280 --> 00:14:42,720 Speaker 1: was the Tuesday in which the electors would be confirmed 245 00:14:42,960 --> 00:14:47,160 Speaker 1: and the presidential election would be confirmed. UH. And instead 246 00:14:47,280 --> 00:14:51,840 Speaker 1: what happened a riot and insurrection incited by the President 247 00:14:51,920 --> 00:14:54,520 Speaker 1: of the United States, and we're not sure who else 248 00:14:55,440 --> 00:14:59,640 Speaker 1: entirely is a part of that. UH descended upon the 249 00:15:00,200 --> 00:15:04,240 Speaker 1: of our government during a joint session with UH the 250 00:15:04,480 --> 00:15:08,240 Speaker 1: vice president there the precious thing we all talk about 251 00:15:08,360 --> 00:15:12,000 Speaker 1: is Americans. So special to us is the peaceful transfer 252 00:15:12,040 --> 00:15:15,560 Speaker 1: of power, and that the first time that was interrupted 253 00:15:15,600 --> 00:15:19,960 Speaker 1: since the Civil War. UH. It's stunning to me. So 254 00:15:20,080 --> 00:15:22,760 Speaker 1: I see pushing that we get the independent commission, so 255 00:15:22,800 --> 00:15:25,200 Speaker 1: we take the politics out of it, and that you wouldn't. 256 00:15:25,320 --> 00:15:29,160 Speaker 1: The commissioners would be non elected, take the experts in 257 00:15:29,200 --> 00:15:34,240 Speaker 1: their fields to take out the poisonous, toxic narrative that 258 00:15:34,320 --> 00:15:38,360 Speaker 1: can come up around January six. I can't imagine any 259 00:15:38,360 --> 00:15:41,400 Speaker 1: public servant, especially somebody like me who was there in 260 00:15:41,480 --> 00:15:44,120 Speaker 1: the midst in the may have taken out in a 261 00:15:44,320 --> 00:15:51,160 Speaker 1: gas map. People died that day. Americans attacked Americans at 262 00:15:51,160 --> 00:15:54,040 Speaker 1: their seat of government. We need to know the truth 263 00:15:54,480 --> 00:15:57,560 Speaker 1: and have the truth take it where it may. I'm 264 00:15:57,560 --> 00:16:00,080 Speaker 1: not afraid of the truth. I'm prepared to testify. I 265 00:16:00,360 --> 00:16:03,840 Speaker 1: tell anything, I know from my walking around the building 266 00:16:03,840 --> 00:16:07,480 Speaker 1: and being there that day. Every single member of Congress 267 00:16:07,520 --> 00:16:12,040 Speaker 1: should feel the same way. Mr McConnell, Mr McCarthy should 268 00:16:12,040 --> 00:16:16,560 Speaker 1: say independent commission. And you're first to testify. Yeah, Congress, 269 00:16:16,600 --> 00:16:18,480 Speaker 1: And I did want to ask you very quickly. You know, 270 00:16:18,640 --> 00:16:20,880 Speaker 1: I watched the House floor very closely, and I know 271 00:16:20,960 --> 00:16:22,960 Speaker 1: the other week there was an issue with a bill 272 00:16:23,000 --> 00:16:24,600 Speaker 1: that you brought to the floor, and sort of the 273 00:16:24,680 --> 00:16:27,000 Speaker 1: root of it was that you used to sort of 274 00:16:27,400 --> 00:16:30,680 Speaker 1: lead sponsor on that with a Republican who then went 275 00:16:30,680 --> 00:16:35,880 Speaker 1: ahead and voted uh to oppose Pennsylvania's electoral college votes. 276 00:16:35,920 --> 00:16:38,280 Speaker 1: And I know that that caused attention over the bill. 277 00:16:38,640 --> 00:16:40,840 Speaker 1: And I'm just wondering sort of where you see Congress 278 00:16:40,920 --> 00:16:45,120 Speaker 1: going from here? Is there any way for the lawmakers 279 00:16:45,320 --> 00:16:48,840 Speaker 1: to um, I don't get past is not the word 280 00:16:48,880 --> 00:16:51,160 Speaker 1: I want to use, but come to some sort of 281 00:16:51,520 --> 00:16:55,000 Speaker 1: reconciliation over what happened January six and find a way 282 00:16:55,040 --> 00:16:57,360 Speaker 1: for lawmakers to vote again or these divisions that are 283 00:16:57,360 --> 00:17:00,720 Speaker 1: going to be lasting for decades. Oh, I hope not. 284 00:17:00,840 --> 00:17:03,160 Speaker 1: And I think the only path to that kind of 285 00:17:04,040 --> 00:17:07,400 Speaker 1: reconciliation for your to use your word, Emily and Jack 286 00:17:08,080 --> 00:17:10,760 Speaker 1: would would be to make sure we we have a 287 00:17:10,760 --> 00:17:15,120 Speaker 1: full independent commission that guests that's the truth. I was 288 00:17:15,200 --> 00:17:18,640 Speaker 1: proud in the most sober way to be uh an 289 00:17:18,640 --> 00:17:23,920 Speaker 1: impeachment manager with the team so ably led by Jamie Raskin, 290 00:17:24,040 --> 00:17:26,600 Speaker 1: the team of nine UM and of course a team 291 00:17:26,600 --> 00:17:29,399 Speaker 1: of people behind us. And we did put on the 292 00:17:29,520 --> 00:17:33,479 Speaker 1: record back as we knew them at that time, and 293 00:17:33,520 --> 00:17:37,480 Speaker 1: the record is extraordinarily clear. But the American people have 294 00:17:37,640 --> 00:17:42,280 Speaker 1: more to learn. Uh and so UH. The sad wobble 295 00:17:42,920 --> 00:17:47,760 Speaker 1: was Representative Carter, I think again as indicative of the 296 00:17:47,800 --> 00:17:51,879 Speaker 1: Republican Party not focusing on policy, but tethering themselves to 297 00:17:52,080 --> 00:17:56,520 Speaker 1: a failed president, a president who lost his elections, who 298 00:17:56,520 --> 00:18:01,040 Speaker 1: lost the House, who lost the Senate. But how some 299 00:18:01,200 --> 00:18:04,640 Speaker 1: of them just want to continue uh to to remains 300 00:18:04,640 --> 00:18:10,480 Speaker 1: tathered to those failed policies and sailed politics. Uh. Mr 301 00:18:10,560 --> 00:18:13,159 Speaker 1: Carter about its feelings Turk when I suggested that he 302 00:18:13,200 --> 00:18:16,080 Speaker 1: would not co lean the bill with me, so I 303 00:18:16,119 --> 00:18:18,520 Speaker 1: invited him to post sponsors the bill that I know 304 00:18:18,640 --> 00:18:21,800 Speaker 1: he believes in. Fortunately, we were able to get the 305 00:18:21,800 --> 00:18:25,359 Speaker 1: bill past this week, this hands week, and it's an 306 00:18:25,359 --> 00:18:29,720 Speaker 1: important bill about It's called the Fairness in Drugs Exclusivity Act, 307 00:18:30,200 --> 00:18:35,119 Speaker 1: and it closes a loophole that allowed drug manufacturers to 308 00:18:35,320 --> 00:18:39,520 Speaker 1: claim orphan drug status, protecting them for seven years of 309 00:18:39,600 --> 00:18:43,400 Speaker 1: manufacturing and sales, when it really they did not any 310 00:18:43,440 --> 00:18:46,520 Speaker 1: longer qualified for orphan drug status. So it allows generics 311 00:18:46,520 --> 00:18:50,639 Speaker 1: to get to the market faster, gets cheaper drugs price 312 00:18:51,160 --> 00:18:54,000 Speaker 1: uh to the market faster. And so it's a shame 313 00:18:54,119 --> 00:18:57,920 Speaker 1: that Mr Carter h threw two votes against the bill 314 00:18:57,960 --> 00:19:02,600 Speaker 1: that I know he believes in the continuing interesting dynamics 315 00:19:02,640 --> 00:19:06,360 Speaker 1: of our current congress. Congresswoman Dean, thank you so much 316 00:19:06,480 --> 00:19:09,840 Speaker 1: for joining us today. Lots of good insights there. That 317 00:19:09,960 --> 00:19:13,760 Speaker 1: was Pennsylvania Democrat Congresswoman Madeline Dean. I'm going to turn 318 00:19:13,880 --> 00:19:17,200 Speaker 1: over to Jack Fitzpatrick, my co host here at Sound 319 00:19:17,280 --> 00:19:20,600 Speaker 1: on Jack, and we covered a wide array of topics. 320 00:19:20,640 --> 00:19:23,880 Speaker 1: They're I'm wondering what stood out to you, um from 321 00:19:23,880 --> 00:19:26,240 Speaker 1: what the congresswoman said, Yeah, well, where do we start? 322 00:19:26,840 --> 00:19:29,240 Speaker 1: I guess we should start with infrastructure because I thought 323 00:19:29,280 --> 00:19:31,920 Speaker 1: this was really interesting and I'm glad that we have 324 00:19:32,240 --> 00:19:35,800 Speaker 1: Bloomberg Politics contributor Jeanie Schanzano with us, and I've given 325 00:19:35,880 --> 00:19:39,640 Speaker 1: Genie a hard time about being kind of pessimistic about infrastructure, 326 00:19:39,680 --> 00:19:41,920 Speaker 1: although I think she's kind of accurate there. So the 327 00:19:41,960 --> 00:19:46,040 Speaker 1: congresswoman said, at this point this still ought to be bipartisan, 328 00:19:46,280 --> 00:19:48,320 Speaker 1: which kind of separates her from some of the other 329 00:19:48,359 --> 00:19:51,159 Speaker 1: progressives who have said, now let's just go on our 330 00:19:51,200 --> 00:19:53,280 Speaker 1: own the Democrats should just do our own thing, do 331 00:19:53,320 --> 00:19:57,520 Speaker 1: it through budget reconciliation, and the Republicans aren't being serious enough. 332 00:19:57,680 --> 00:19:59,920 Speaker 1: But she, you know, when you pressed her, Emily, she's 333 00:20:00,440 --> 00:20:02,720 Speaker 1: I don't know what that moment is when we give 334 00:20:02,800 --> 00:20:05,000 Speaker 1: up on that. So I'm not sure there's really a 335 00:20:05,040 --> 00:20:09,439 Speaker 1: plan there for Democrats, h and progressives. Ganie, what did 336 00:20:09,480 --> 00:20:13,120 Speaker 1: what did you make of the fact that the congresswoman said, look, 337 00:20:13,160 --> 00:20:16,560 Speaker 1: at this point, we should still continue to try to 338 00:20:16,640 --> 00:20:19,320 Speaker 1: work through this in a bipartisan way. Is that naive 339 00:20:19,400 --> 00:20:21,520 Speaker 1: of her? What did you make of that? You know, 340 00:20:21,680 --> 00:20:25,080 Speaker 1: I think theoretically she's right, they should be able to 341 00:20:25,119 --> 00:20:28,440 Speaker 1: get to agreement on this. It's something we all know 342 00:20:28,520 --> 00:20:31,720 Speaker 1: that both Democrats and Republicans have wanted for a long time, 343 00:20:32,119 --> 00:20:35,720 Speaker 1: and the state of the infrastructure in the country is deplorable. 344 00:20:35,760 --> 00:20:39,760 Speaker 1: I mean, it puts US behind many developing nations. If 345 00:20:39,880 --> 00:20:42,959 Speaker 1: that so, it's desperately needed to be done. She's right, 346 00:20:43,000 --> 00:20:46,120 Speaker 1: there should be agreement, but I think the reality here 347 00:20:46,200 --> 00:20:50,000 Speaker 1: is the calendar is working against an agreement at this point. 348 00:20:50,359 --> 00:20:53,679 Speaker 1: We are in this season of political paralysis as we 349 00:20:53,880 --> 00:20:57,160 Speaker 1: enter the pre election and I know, you know, talking 350 00:20:57,200 --> 00:21:00,119 Speaker 1: about elections right now seems crazy, but we are in 351 00:21:00,240 --> 00:21:03,440 Speaker 1: pre election season at this point, and that is part 352 00:21:03,520 --> 00:21:06,240 Speaker 1: of what is causing this paralysis. The other thing is 353 00:21:06,280 --> 00:21:09,359 Speaker 1: that Republicans have been clear that they are not going 354 00:21:09,400 --> 00:21:11,840 Speaker 1: to negotiate with the president. I mean, I think back 355 00:21:11,880 --> 00:21:14,720 Speaker 1: to last week heat President Biden. The administration puts out 356 00:21:14,720 --> 00:21:19,000 Speaker 1: a counter proposal and the Republicans come back almost immediately 357 00:21:19,080 --> 00:21:22,399 Speaker 1: and dismiss it. So we know that Memorial Day was 358 00:21:22,440 --> 00:21:24,879 Speaker 1: the president's sort of end date. Uh. I don't know 359 00:21:24,920 --> 00:21:26,560 Speaker 1: if they'll stretch it out, but sort of an end 360 00:21:26,640 --> 00:21:29,800 Speaker 1: date for this, and I think we are reaching that 361 00:21:29,960 --> 00:21:33,000 Speaker 1: very very quickly. I think you were it was fastening. 362 00:21:33,000 --> 00:21:35,480 Speaker 1: Your representative Dean say, she thinks that we should go 363 00:21:35,560 --> 00:21:38,399 Speaker 1: forward and get a bipartisan agreement here, but the clock 364 00:21:38,560 --> 00:21:43,280 Speaker 1: is working against that absolutely. And you know, it's one 365 00:21:43,320 --> 00:21:46,200 Speaker 1: of those things where you hear about this and you 366 00:21:46,200 --> 00:21:48,199 Speaker 1: you know, Genie, I think you're a perfect tying it 367 00:21:48,280 --> 00:21:50,480 Speaker 1: to the fact that we do have an upcoming election. 368 00:21:50,840 --> 00:21:53,720 Speaker 1: This bill is a big part of Democrats plan to 369 00:21:53,920 --> 00:21:56,800 Speaker 1: woo voters in the mid terms that we have coming up. 370 00:21:57,000 --> 00:22:00,320 Speaker 1: And if you look at congresswomen where Congresswoman Dean is from, 371 00:22:00,359 --> 00:22:03,080 Speaker 1: you know, Philadelphia tends to be a very Democratic area. 372 00:22:03,280 --> 00:22:05,440 Speaker 1: But if you pull back and look at the wider state, 373 00:22:05,560 --> 00:22:09,240 Speaker 1: Pennsylvania is very much a battleground here and you're going 374 00:22:09,280 --> 00:22:12,119 Speaker 1: to have a very competitive Senate race that's coming up, 375 00:22:12,160 --> 00:22:14,360 Speaker 1: and I'm sure that that's something that she's thinking of 376 00:22:14,720 --> 00:22:18,000 Speaker 1: on the whole, not just her district, but also the state. Uh. 377 00:22:18,119 --> 00:22:20,720 Speaker 1: Genie also wanted to ask you very quickly what you 378 00:22:20,800 --> 00:22:24,879 Speaker 1: thought about the congresswoman's comments in regards to the upcoming 379 00:22:25,240 --> 00:22:28,120 Speaker 1: hearing on Thursday with the major heads of the banks. 380 00:22:28,119 --> 00:22:31,399 Speaker 1: Are we actually expecting Democrats to try to move forward 381 00:22:31,480 --> 00:22:36,240 Speaker 1: legislation that might come with additional regulations. I think they 382 00:22:36,280 --> 00:22:39,000 Speaker 1: would very much like to do that. I think that 383 00:22:39,200 --> 00:22:42,800 Speaker 1: is why we see Maxine Waters, the chair of the committee, 384 00:22:43,119 --> 00:22:46,199 Speaker 1: really pushing for this hearing. I'm fascinated to see what 385 00:22:46,359 --> 00:22:49,240 Speaker 1: is going to happen on Thursday. And more importantly to 386 00:22:49,320 --> 00:22:51,880 Speaker 1: your point, what can come out of this. We are 387 00:22:51,920 --> 00:22:55,920 Speaker 1: talking amongst democrats like Waters and you know, Shared Brown 388 00:22:55,960 --> 00:22:59,119 Speaker 1: and others. These are really tough Wall Street critics. They've 389 00:22:59,119 --> 00:23:02,320 Speaker 1: called for breaking up banks. You're gonna have the heads 390 00:23:02,359 --> 00:23:04,359 Speaker 1: as as you and Jack. We're talking about about these 391 00:23:04,359 --> 00:23:07,440 Speaker 1: of these major banks before them, I think they're gonna 392 00:23:07,440 --> 00:23:10,639 Speaker 1: face tough questioning. But again, Jack will probably accuse me 393 00:23:10,680 --> 00:23:14,159 Speaker 1: of being pessimistic. I'm not sure how much deals we 394 00:23:14,200 --> 00:23:16,720 Speaker 1: can get done on on any big bills out at 395 00:23:16,720 --> 00:23:20,720 Speaker 1: this point. Sometimes that's smart. Sometimes it's smart to be pessimistic. Well, 396 00:23:20,760 --> 00:23:23,080 Speaker 1: we're going to turn into a little bit to international 397 00:23:23,160 --> 00:23:26,040 Speaker 1: politics over the weekend. In what sounds like a story 398 00:23:26,080 --> 00:23:30,040 Speaker 1: from a spy novel, a commercial airline flying over Belarus 399 00:23:30,080 --> 00:23:34,840 Speaker 1: was grounded and an opposition activist, Roman Petasovich was taken 400 00:23:34,920 --> 00:23:38,280 Speaker 1: off the plane. The move has been met with widespread 401 00:23:38,320 --> 00:23:42,920 Speaker 1: condemnation of Just this afternoon, European Union leaders agreed on 402 00:23:42,960 --> 00:23:46,560 Speaker 1: a broader economic sanctions against Belarus for the forest landing 403 00:23:46,560 --> 00:23:49,480 Speaker 1: of the plane. The twenty seven leaders have met in 404 00:23:49,600 --> 00:23:53,919 Speaker 1: Brussels today and they also demanded the immediate release of 405 00:23:54,040 --> 00:23:57,600 Speaker 1: Prosa Prostatovich uh and they was something that we've also 406 00:23:57,640 --> 00:24:02,400 Speaker 1: heard calls from from the US White House. Press Secretary 407 00:24:02,480 --> 00:24:05,840 Speaker 1: Jen Saki spoke a little bit on this today, and 408 00:24:05,880 --> 00:24:09,360 Speaker 1: we have the sound on that this was a shocking 409 00:24:09,400 --> 00:24:12,320 Speaker 1: act diverting a flight between two EU member states for 410 00:24:12,359 --> 00:24:16,040 Speaker 1: the apparent purpose of arresting a journalist. It constitutes a 411 00:24:16,080 --> 00:24:19,440 Speaker 1: brazen affront international peace and security by the regime. We 412 00:24:19,480 --> 00:24:24,080 Speaker 1: demand an immediate, international, transparent and credit credible investigation of 413 00:24:24,119 --> 00:24:28,280 Speaker 1: this incident. You know, the European Union leaders, they're moving 414 00:24:28,400 --> 00:24:32,760 Speaker 1: very quickly on this particular incident, Genie, at this point, 415 00:24:32,800 --> 00:24:35,320 Speaker 1: what role does the US have here? You know, both 416 00:24:35,400 --> 00:24:39,240 Speaker 1: the European Union and the US have previously put sanctions 417 00:24:39,359 --> 00:24:43,240 Speaker 1: on Belarus. Is the US's role to support our allies 418 00:24:43,280 --> 00:24:45,639 Speaker 1: in Europe? Or does the US need to sort of 419 00:24:45,680 --> 00:24:50,240 Speaker 1: go its own way here and really showing its condemnation 420 00:24:50,359 --> 00:24:53,120 Speaker 1: towards this action. You know, I think the US would 421 00:24:53,200 --> 00:24:56,200 Speaker 1: like the EU to take the lead on this certainly. 422 00:24:56,440 --> 00:24:59,439 Speaker 1: Um as we just heard in that clip you played, uh, 423 00:24:59,480 --> 00:25:02,520 Speaker 1: the admitt sustration has been very critical of what many 424 00:25:02,600 --> 00:25:06,000 Speaker 1: people are calling, you know, an absolutely brazen act of 425 00:25:06,080 --> 00:25:09,920 Speaker 1: state sponsored hijacking. I have to say, I can't recall 426 00:25:10,080 --> 00:25:14,400 Speaker 1: something similar to this UM in recent years, if at all. 427 00:25:14,880 --> 00:25:19,440 Speaker 1: And you know, I would just underscore that lookshenko right 428 00:25:19,600 --> 00:25:24,439 Speaker 1: afterwards didn't even appear to be UM, you know, mildly, 429 00:25:25,040 --> 00:25:28,560 Speaker 1: you know, taken aback or deterred by by the EU, 430 00:25:28,720 --> 00:25:30,679 Speaker 1: the US and most of the rest of the world 431 00:25:31,080 --> 00:25:34,959 Speaker 1: calling out this action, he in fact doubled down and 432 00:25:35,080 --> 00:25:39,320 Speaker 1: signed a bunch of new laws, you know, really crushing 433 00:25:39,560 --> 00:25:43,600 Speaker 1: further dissent of the kind that this let's remember, twenty 434 00:25:43,720 --> 00:25:48,000 Speaker 1: six year old blogger was engaged in that led to this, 435 00:25:48,119 --> 00:25:51,639 Speaker 1: you know, incredibly stunning act. So you know, there's so 436 00:25:51,680 --> 00:25:54,600 Speaker 1: many aspects of this story that are fascinating, and of 437 00:25:54,640 --> 00:25:57,600 Speaker 1: course that the idea he's a twenty six year old 438 00:25:57,600 --> 00:25:59,919 Speaker 1: blogger and it leads to this, and they're doubling down. 439 00:26:00,240 --> 00:26:02,440 Speaker 1: The EU has to take a strong stance. I think 440 00:26:02,440 --> 00:26:04,720 Speaker 1: they're they've done that today, they're going to move towards that, 441 00:26:05,000 --> 00:26:06,800 Speaker 1: and the US have to support them. And let's not 442 00:26:06,840 --> 00:26:10,439 Speaker 1: forget we've got a meeting with Biden and Putin scheduled 443 00:26:10,840 --> 00:26:13,639 Speaker 1: in June, and none of this would have happened unless 444 00:26:13,680 --> 00:26:16,280 Speaker 1: Putin had signed off in it. So I'm curious to 445 00:26:16,320 --> 00:26:19,920 Speaker 1: see how that impacts the meeting as well, if at all. Well, 446 00:26:19,920 --> 00:26:21,560 Speaker 1: that's what I want to know more about here, and 447 00:26:21,840 --> 00:26:25,200 Speaker 1: hopefully we learn more as as time goes on. But Jennie, 448 00:26:25,240 --> 00:26:29,040 Speaker 1: what do you make of how the relationship between Putin 449 00:26:29,160 --> 00:26:33,080 Speaker 1: and Lukashenko affects this? And in particular I'm curious if 450 00:26:33,080 --> 00:26:37,080 Speaker 1: that drags the US in even more than they otherwise 451 00:26:37,119 --> 00:26:41,159 Speaker 1: would be. As you mentioned, the Biden Putin meeting is 452 00:26:41,160 --> 00:26:44,439 Speaker 1: is something they're working on setting up. But as I 453 00:26:44,480 --> 00:26:46,360 Speaker 1: mentioned at the beginning of the show, Putin is set 454 00:26:46,400 --> 00:26:50,520 Speaker 1: to meet with Lukashenko shortly at some point in the 455 00:26:50,520 --> 00:26:56,160 Speaker 1: near future, shortly after this really brazen act arresting a dissident. 456 00:26:56,560 --> 00:27:00,480 Speaker 1: Um does that make this more of an issue for 457 00:27:00,520 --> 00:27:05,400 Speaker 1: Biden immediately, because maybe you can sort of ignore Belarus alone. 458 00:27:05,720 --> 00:27:09,520 Speaker 1: But if this is happening seemingly clearly with with a 459 00:27:09,680 --> 00:27:12,960 Speaker 1: nod from Putin, that seems to make it much more 460 00:27:12,960 --> 00:27:17,520 Speaker 1: of a, I guess, a threatening issue for US national security. 461 00:27:17,560 --> 00:27:21,800 Speaker 1: Tell us a what do you make of the presence 462 00:27:21,880 --> 00:27:24,280 Speaker 1: of Putin in all of this? You know, he he 463 00:27:24,440 --> 00:27:27,560 Speaker 1: looms large over all of this. I think most people 464 00:27:27,800 --> 00:27:31,119 Speaker 1: familiar with this part of the world understand that again, 465 00:27:31,200 --> 00:27:35,199 Speaker 1: none of this would have happened without Putin agreeing to it, 466 00:27:35,400 --> 00:27:38,119 Speaker 1: signing off on it. And of course there were confirmed 467 00:27:38,200 --> 00:27:42,439 Speaker 1: cheers from Putin and others when this happened. And hence 468 00:27:42,520 --> 00:27:45,840 Speaker 1: the meeting that you're talking about between these two that 469 00:27:45,920 --> 00:27:49,000 Speaker 1: proceeds the meeting that's supposed to take place between President 470 00:27:49,040 --> 00:27:52,560 Speaker 1: Biden and Putin in June, which is not that long away. 471 00:27:52,840 --> 00:27:55,280 Speaker 1: And so I think it is going to potentially play 472 00:27:55,320 --> 00:27:58,600 Speaker 1: a role. Joe Biden, being the person and the president 473 00:27:58,680 --> 00:28:01,720 Speaker 1: he has been in this first hundred days, I don't 474 00:28:01,800 --> 00:28:05,200 Speaker 1: think he will allow this to deter a meeting. I'm 475 00:28:05,240 --> 00:28:08,200 Speaker 1: not sure he will react to it in some public way, 476 00:28:08,600 --> 00:28:11,440 Speaker 1: but he does seem to hold Putin's feet to the fire. 477 00:28:11,520 --> 00:28:13,760 Speaker 1: His language has been very tough on Putin, both to 478 00:28:13,800 --> 00:28:17,239 Speaker 1: his face and too, you know, out publicly. So I 479 00:28:17,280 --> 00:28:21,520 Speaker 1: do think he will call out these actions. And also 480 00:28:21,640 --> 00:28:25,200 Speaker 1: in international news, Secretary of State Anthony Blincoln is traveling 481 00:28:25,240 --> 00:28:27,919 Speaker 1: to the Middle East today to ensure the ceasefire between 482 00:28:28,040 --> 00:28:31,320 Speaker 1: Israel and Hamas holds b Lincoln's planning to meet with 483 00:28:31,480 --> 00:28:35,320 Speaker 1: Israeli Prime Minister Benjamin and Yahoo, as well as Palestinian authority. 484 00:28:35,400 --> 00:28:38,880 Speaker 1: President Mahmoud a boss, as well as other top officials 485 00:28:39,000 --> 00:28:42,120 Speaker 1: in Egypt and Jordan's and part of this trip is 486 00:28:42,160 --> 00:28:45,040 Speaker 1: going to be Blinken focusing on bolstering the U S 487 00:28:45,080 --> 00:28:48,920 Speaker 1: Palestinian relationship, which is something that we saw a lot 488 00:28:48,960 --> 00:28:52,600 Speaker 1: of pressure on President Biden to do from progressives in 489 00:28:52,800 --> 00:28:55,680 Speaker 1: his own party. I mean, Jack, you and I both 490 00:28:55,720 --> 00:28:59,320 Speaker 1: watch Congress so closely, and we've watched sort of things 491 00:28:59,520 --> 00:29:03,000 Speaker 1: unfull old here. I'm wondering sort of what you think 492 00:29:03,480 --> 00:29:07,320 Speaker 1: that Secretary Blinklin needs to do on this trip to 493 00:29:07,440 --> 00:29:11,080 Speaker 1: make sure that he is both peasing our relationship with 494 00:29:11,200 --> 00:29:14,880 Speaker 1: Israel but also making sure that those in the Democratic 495 00:29:14,920 --> 00:29:17,320 Speaker 1: Party who believe that we should be doing more outreach 496 00:29:17,520 --> 00:29:21,440 Speaker 1: outreached Palestine are also satisfied. Well, I mean, clearly they 497 00:29:21,520 --> 00:29:24,240 Speaker 1: just want things to not flare up anymore, because a 498 00:29:24,320 --> 00:29:28,120 Speaker 1: flare up between Israel and Palestine is what causes the 499 00:29:28,240 --> 00:29:31,800 Speaker 1: domestic politics flare up here on this issue. And I 500 00:29:32,120 --> 00:29:35,360 Speaker 1: think it's notable, obviously and probably unsurprising that he's going 501 00:29:35,440 --> 00:29:39,160 Speaker 1: to Cairo because the US seems to have leaned pretty 502 00:29:39,160 --> 00:29:42,800 Speaker 1: heavily on Egypt as a negotiator. Genie, I'm curious, Well, 503 00:29:42,880 --> 00:29:44,480 Speaker 1: maybe we don't have enough time, but I think it's 504 00:29:44,480 --> 00:29:48,440 Speaker 1: it's very notable the Cairo aspect of this than Egypt involvement. 505 00:29:48,760 --> 00:29:52,480 Speaker 1: I'm Jack Fitzpatrick here with a co host of Mind 506 00:29:52,560 --> 00:29:56,520 Speaker 1: the Fantastic Bloomberg Government reporter Emily Wilkins, and of course 507 00:29:56,520 --> 00:30:01,000 Speaker 1: we've got Bloomberg Politics contributor Jeanie Shanzano. We are hitting 508 00:30:01,080 --> 00:30:03,680 Speaker 1: a speed bump on infrastructure. Did we use that pun? 509 00:30:03,760 --> 00:30:08,200 Speaker 1: Did we use that infrastructure pun? Already? And we've got, 510 00:30:08,200 --> 00:30:10,400 Speaker 1: we've got, we've got a backload of it. It doesn't 511 00:30:10,440 --> 00:30:13,800 Speaker 1: seem like it's going great. Uh. We heard a lot 512 00:30:13,840 --> 00:30:16,880 Speaker 1: from Senate Republicans in terms of negative feedback on the 513 00:30:16,960 --> 00:30:20,720 Speaker 1: latest pitch one point seven trillion dollar plan from the 514 00:30:20,720 --> 00:30:23,520 Speaker 1: White House. The Republicans said that wasn't enough off of 515 00:30:23,560 --> 00:30:27,680 Speaker 1: their two point to five trillion proposal originally. So what 516 00:30:27,800 --> 00:30:32,800 Speaker 1: exactly is the issue? Well, Senator Roy Blunt, Republican from Missouri, 517 00:30:33,080 --> 00:30:35,479 Speaker 1: got into some of the specifics and defined what the 518 00:30:35,520 --> 00:30:38,680 Speaker 1: issue really is on Fox News Sunday yesterday. Let's listen 519 00:30:38,720 --> 00:30:41,040 Speaker 1: to what he had to say. I think the President 520 00:30:41,080 --> 00:30:43,320 Speaker 1: would like to get there on a bipartisan deal. Our 521 00:30:43,320 --> 00:30:46,400 Speaker 1: biggest gap is not the money. Our biggest gap is 522 00:30:46,480 --> 00:30:49,680 Speaker 1: defining what infrastructure is. And if we'd get to a 523 00:30:49,720 --> 00:30:53,800 Speaker 1: definition of infrastructure that with the country would have always accepted, 524 00:30:54,480 --> 00:30:58,840 Speaker 1: that becomes a much narrower space than it appears to 525 00:30:58,880 --> 00:31:02,280 Speaker 1: be right now. Okay, but if that's the issue, how 526 00:31:02,320 --> 00:31:05,000 Speaker 1: close are we? Is this a really big gap or 527 00:31:05,160 --> 00:31:09,400 Speaker 1: a pretty small gap. Senator Susan Collins, who is often 528 00:31:09,520 --> 00:31:12,880 Speaker 1: widely believed to be a very key moderate vote Republican 529 00:31:12,920 --> 00:31:16,920 Speaker 1: from Maine, talked yesterday on ABC's This Week. Let's listen 530 00:31:16,960 --> 00:31:19,600 Speaker 1: to what she had to say. I think we're still 531 00:31:19,720 --> 00:31:24,080 Speaker 1: pretty far apart. But this is the test. This well 532 00:31:24,200 --> 00:31:28,880 Speaker 1: determined whether or not we can work together in a 533 00:31:28,920 --> 00:31:32,240 Speaker 1: by part of some way on an important issue. And 534 00:31:32,280 --> 00:31:35,680 Speaker 1: the other important ary world we're far part is still 535 00:31:35,840 --> 00:31:38,320 Speaker 1: the money. Okay, so it sounds like they kind of 536 00:31:38,360 --> 00:31:41,160 Speaker 1: disagree with each other. Roy Blunt saying the main issue 537 00:31:41,320 --> 00:31:45,600 Speaker 1: is still what is infrastructure? Collins adding while the money 538 00:31:45,640 --> 00:31:48,720 Speaker 1: amount is pretty important, the difference in terms of a 539 00:31:48,760 --> 00:31:51,440 Speaker 1: dollar figure, as I mentioned, there's a one point seven 540 00:31:51,480 --> 00:31:54,360 Speaker 1: trillion dollar proposal by the White House. The last proposal 541 00:31:54,640 --> 00:31:57,600 Speaker 1: proposal we've seen from Senate Republicans was five hundred sixty 542 00:31:57,640 --> 00:32:02,440 Speaker 1: eight billion, Genie, Are we just stuck at this intractable 543 00:32:02,520 --> 00:32:06,160 Speaker 1: issue of what counts as infrastructure and what should go 544 00:32:06,320 --> 00:32:08,560 Speaker 1: in this bill? Do you think we've hit just a 545 00:32:08,600 --> 00:32:12,960 Speaker 1: brick wall and there's not much room for negotiation beyond here? Jack, 546 00:32:13,040 --> 00:32:15,600 Speaker 1: We have hit a pothole when it comes to infrastructure, 547 00:32:15,640 --> 00:32:17,920 Speaker 1: as I have been telling you all along, though, we 548 00:32:17,920 --> 00:32:20,720 Speaker 1: have hit a pothole. But are we at a dead end? Oh? 549 00:32:20,800 --> 00:32:23,080 Speaker 1: I love it, We just go on. I think it's 550 00:32:23,080 --> 00:32:26,640 Speaker 1: a bump. Emily, Um, you know, I think they're They're 551 00:32:26,640 --> 00:32:29,360 Speaker 1: both right. You know, there's I think three things that 552 00:32:29,400 --> 00:32:32,760 Speaker 1: we're seeing. One is the definition, um, one is the 553 00:32:32,800 --> 00:32:35,080 Speaker 1: pay for, and one is how big the bill is 554 00:32:35,080 --> 00:32:37,640 Speaker 1: going to be. I think between those three things, if 555 00:32:37,680 --> 00:32:41,320 Speaker 1: they could come to some agreement, negotiate those through, they 556 00:32:41,320 --> 00:32:44,560 Speaker 1: could come to some bill. And we have seen, you know, 557 00:32:44,800 --> 00:32:48,320 Speaker 1: some indications Republicans may go as high as eight hundred 558 00:32:48,400 --> 00:32:51,200 Speaker 1: nine hundred billion. I don't know if the White House 559 00:32:51,240 --> 00:32:53,880 Speaker 1: is prepared to go any lower than the one point 560 00:32:53,920 --> 00:32:57,920 Speaker 1: seven trillion. And of course Republicans are balking a bit, 561 00:32:58,080 --> 00:33:00,520 Speaker 1: saying that you know, the White House put out this 562 00:33:00,600 --> 00:33:03,720 Speaker 1: counter proposal, and yet they just stuck that money in 563 00:33:03,800 --> 00:33:07,200 Speaker 1: another bill, so they didn't really make any big change 564 00:33:07,200 --> 00:33:11,520 Speaker 1: their according to Republicans, and of course Democrats are saying, listen, 565 00:33:11,600 --> 00:33:14,560 Speaker 1: we've been trying to negotiate. It's clear you don't want 566 00:33:14,600 --> 00:33:17,480 Speaker 1: to move. The president should just go forward without that. 567 00:33:17,640 --> 00:33:21,080 Speaker 1: So I think we're gonna you know, I think this week, 568 00:33:21,200 --> 00:33:23,960 Speaker 1: last week, this week, if they can't get much headway, 569 00:33:24,120 --> 00:33:28,080 Speaker 1: we're looking at about five weeks on a build this big. 570 00:33:28,520 --> 00:33:31,040 Speaker 1: I'm not so sure they can get there before the recess. 571 00:33:31,080 --> 00:33:32,960 Speaker 1: And of course, as you guys both know, they have 572 00:33:33,080 --> 00:33:35,800 Speaker 1: regular business to attend to, like making sure we have 573 00:33:35,840 --> 00:33:38,760 Speaker 1: a budget and no government shutdown, on top of voting bills, 574 00:33:38,800 --> 00:33:42,840 Speaker 1: current bills. So yeah, I mean it's a big agenda. 575 00:33:42,960 --> 00:33:45,440 Speaker 1: So but I do think all three of those issues 576 00:33:45,480 --> 00:33:48,640 Speaker 1: are are really holding them up at this point. No, absolutely, 577 00:33:48,680 --> 00:33:51,320 Speaker 1: And genius, I think you're so spot on when you 578 00:33:51,400 --> 00:33:54,520 Speaker 1: talk about the timing element here, and it's not just 579 00:33:54,640 --> 00:33:56,640 Speaker 1: that they, oh, you know, they need to pass a 580 00:33:56,680 --> 00:34:01,360 Speaker 1: bill at some point before the idea and I was 581 00:34:01,400 --> 00:34:03,640 Speaker 1: talking for some people up on the hill who said, 582 00:34:03,640 --> 00:34:06,520 Speaker 1: you know, the idea is is that we not only 583 00:34:06,560 --> 00:34:09,439 Speaker 1: want this bill passed, but we wanted to start being 584 00:34:09,680 --> 00:34:13,279 Speaker 1: implemented before the mid term election. We want to see 585 00:34:13,280 --> 00:34:16,360 Speaker 1: shovels and grounds. We want to see voters going to 586 00:34:16,440 --> 00:34:20,279 Speaker 1: polling places having already started to see changes in their 587 00:34:20,320 --> 00:34:24,359 Speaker 1: communities and benefits from this legislation. And so there is 588 00:34:24,400 --> 00:34:28,040 Speaker 1: sort of an election component to hear when you get 589 00:34:28,080 --> 00:34:31,920 Speaker 1: into talking with lawmakers and other health folk about what 590 00:34:32,000 --> 00:34:34,560 Speaker 1: they're aiming for here. You know, Jack, you and I 591 00:34:34,600 --> 00:34:38,879 Speaker 1: have both covered elections, congressional elections, what sort of makes 592 00:34:38,920 --> 00:34:42,160 Speaker 1: them tick, And I'm wondering sort of how much you 593 00:34:42,239 --> 00:34:46,240 Speaker 1: think that a bill like this could potentially factor into 594 00:34:46,360 --> 00:34:49,080 Speaker 1: the mid terms. I mean, if Democrats wind up passing 595 00:34:49,440 --> 00:34:53,840 Speaker 1: four trillion dollars in infrastructure and child care, in paid 596 00:34:53,880 --> 00:34:57,160 Speaker 1: unemployment lead, is this something that's going to have a 597 00:34:57,239 --> 00:35:00,560 Speaker 1: really big impact with voters or is just this's just 598 00:35:00,600 --> 00:35:02,840 Speaker 1: going to be one piece of the pie when people 599 00:35:02,880 --> 00:35:05,520 Speaker 1: go to the ballots next November. Well, a number of 600 00:35:05,520 --> 00:35:08,360 Speaker 1: the sort of big spending agenda stuff that Democrats have 601 00:35:08,440 --> 00:35:11,680 Speaker 1: pushed polls pretty well. I think they're very excited. This 602 00:35:11,719 --> 00:35:14,240 Speaker 1: isn't really an infrastructure thing, but Democrats are very excited 603 00:35:14,280 --> 00:35:16,799 Speaker 1: about the child tax credit that they got in the 604 00:35:16,840 --> 00:35:20,800 Speaker 1: stimulus that they want to extend or even make permanent 605 00:35:20,840 --> 00:35:23,200 Speaker 1: at some point, and we'll see what they attach that to. 606 00:35:23,360 --> 00:35:26,480 Speaker 1: Maybe that does become part of an infrastructure package. But 607 00:35:26,719 --> 00:35:30,240 Speaker 1: you know, there's on the flip side, the Democrats clearly 608 00:35:30,280 --> 00:35:33,520 Speaker 1: don't feel like they can just push their own stuff 609 00:35:33,600 --> 00:35:36,279 Speaker 1: through in a partisan way because there is sort of 610 00:35:36,320 --> 00:35:40,520 Speaker 1: this show of of a bipartisan back and forth. And 611 00:35:40,560 --> 00:35:42,640 Speaker 1: we've talked on this show before about you know, is 612 00:35:42,680 --> 00:35:46,160 Speaker 1: this a legitimate bipartisan negotiation or is it is it 613 00:35:46,200 --> 00:35:48,600 Speaker 1: for show? Is it because these members need to show 614 00:35:48,640 --> 00:35:53,280 Speaker 1: their constituents they are trying to work in a bipartisan way. Honestly, 615 00:35:53,280 --> 00:35:56,080 Speaker 1: I really can't entirely tell, but I think there are 616 00:35:56,080 --> 00:35:58,480 Speaker 1: a number of things that the Democrats want to check off. 617 00:35:58,480 --> 00:36:01,040 Speaker 1: They want to get something done on this. They need 618 00:36:01,040 --> 00:36:04,080 Speaker 1: to act on the climate. That's that's a high priority. 619 00:36:04,120 --> 00:36:06,680 Speaker 1: But they also at the same time need to show 620 00:36:06,880 --> 00:36:09,640 Speaker 1: that they're not just gonna ram every through everything through 621 00:36:09,680 --> 00:36:11,719 Speaker 1: in a partisan way, or if they do, at least 622 00:36:11,760 --> 00:36:14,680 Speaker 1: they tried to work with Republicans before, and again, I 623 00:36:14,880 --> 00:36:17,680 Speaker 1: don't know how long that lasts, And in fact, the congresswoman, 624 00:36:17,960 --> 00:36:20,520 Speaker 1: uh Congressman Dean didn't know exactly how long that lasts 625 00:36:20,520 --> 00:36:23,080 Speaker 1: if Republicans keep holding out. But you're right, it is 626 00:36:23,080 --> 00:36:26,919 Speaker 1: a really significant campaign issue. Uh. And you know I 627 00:36:27,280 --> 00:36:31,399 Speaker 1: mentioned Senator Collins, who obviously among all the members, has 628 00:36:31,440 --> 00:36:33,520 Speaker 1: to show she's trying to work in a bipartisan way 629 00:36:33,520 --> 00:36:38,040 Speaker 1: in a state like Maine. I'm curious though about Senator Murkowski, 630 00:36:38,080 --> 00:36:39,840 Speaker 1: and I want to talk a little bit about Murkowski 631 00:36:39,840 --> 00:36:43,759 Speaker 1: in this cruise bill later. But Murkowski was supposed to 632 00:36:43,800 --> 00:36:46,840 Speaker 1: go to this signing at some point this afternoon and 633 00:36:46,880 --> 00:36:48,640 Speaker 1: have a chance to talk with the President about a 634 00:36:48,640 --> 00:36:52,240 Speaker 1: different issue. But today White House Press Secretary Jen Psaki 635 00:36:52,640 --> 00:36:56,080 Speaker 1: mentioned Murkowski being there in the context of, you know, 636 00:36:56,120 --> 00:36:59,880 Speaker 1: maybe the infrastructure proposal can come up. Genie, who do 637 00:36:59,920 --> 00:37:01,920 Speaker 1: you think we should be looking for? So much of 638 00:37:01,920 --> 00:37:06,320 Speaker 1: the conversation has has circled around Joe Mansion as pushing 639 00:37:06,640 --> 00:37:10,680 Speaker 1: this bipartisan a series of discussions. But who are the 640 00:37:10,840 --> 00:37:14,440 Speaker 1: Republicans who are the main focus? Is Murkowski? It is 641 00:37:14,480 --> 00:37:18,320 Speaker 1: it Collins? Or are they just looking for a massive 642 00:37:18,360 --> 00:37:21,000 Speaker 1: bipartisan kind of bill that can get votes. Wh Who 643 00:37:21,000 --> 00:37:23,400 Speaker 1: should we have an eye on? In your opinion, I 644 00:37:23,440 --> 00:37:26,480 Speaker 1: think all of the above. I think Romney, I think 645 00:37:26,760 --> 00:37:30,520 Speaker 1: you know, these these Republicans who have proven willing. We 646 00:37:30,600 --> 00:37:32,680 Speaker 1: saw six of them talking to the White House in 647 00:37:32,680 --> 00:37:35,439 Speaker 1: particular over the last few weeks. But from the White 648 00:37:35,480 --> 00:37:40,080 Speaker 1: House's perspective, any ten they could possibly get. But again, 649 00:37:40,320 --> 00:37:43,200 Speaker 1: and I hate to keep coming back to him, but 650 00:37:43,360 --> 00:37:46,520 Speaker 1: this is all about the Joe's Joe Biden and Joe Mansion. 651 00:37:46,840 --> 00:37:49,680 Speaker 1: Because as much as congress people want to show their 652 00:37:49,680 --> 00:37:52,640 Speaker 1: constituents they're acting in a bipartisan way or trying to, 653 00:37:53,239 --> 00:37:56,319 Speaker 1: the President also needs to show Joe Mansion that he 654 00:37:56,440 --> 00:37:59,680 Speaker 1: is attempting to reach across the aisle so that if 655 00:37:59,719 --> 00:38:03,120 Speaker 1: they have to go to reconciliation, they don't lose him. 656 00:38:03,239 --> 00:38:06,120 Speaker 1: And that is critical because that's where this probably ends 657 00:38:06,200 --> 00:38:09,880 Speaker 1: up right now. I mentioned Murkowski because the President was 658 00:38:09,920 --> 00:38:12,480 Speaker 1: planning to sign into law a bill I think this 659 00:38:12,560 --> 00:38:16,280 Speaker 1: is interesting, a bill that waves a requirement that foreign 660 00:38:16,360 --> 00:38:21,280 Speaker 1: flagged cruise ships that go from the US up to Alaska, 661 00:38:21,400 --> 00:38:24,360 Speaker 1: which is also part of the US, stop in Canada. 662 00:38:24,680 --> 00:38:28,840 Speaker 1: Because of a nineteenth century law that requires a foreign 663 00:38:28,960 --> 00:38:33,280 Speaker 1: flagged ship to to stop somewhere else. Foreign ships aren't 664 00:38:33,320 --> 00:38:36,319 Speaker 1: able to just make trips in the US, which is 665 00:38:36,400 --> 00:38:39,799 Speaker 1: sort of a protectionist policy. But with the UH the 666 00:38:39,960 --> 00:38:44,400 Speaker 1: limitations on travel in Canada that blocked um, that blocked 667 00:38:44,520 --> 00:38:47,560 Speaker 1: Alaska cruises essentially. So this is big for Alaska and 668 00:38:47,600 --> 00:38:49,960 Speaker 1: big for the cruise industry. Just wanted to point that out. 669 00:38:50,000 --> 00:38:51,799 Speaker 1: That actually is a bill that is becoming law. There 670 00:38:51,880 --> 00:38:54,719 Speaker 1: is bipartisanship. One other thing on my calendar, Emily, have 671 00:38:54,800 --> 00:38:57,479 Speaker 1: you been watching this Endless Frontiers bill with a bunch 672 00:38:57,480 --> 00:38:59,719 Speaker 1: of money for R and D that's supposed to get 673 00:38:59,760 --> 00:39:01,879 Speaker 1: a vote to this week right in the Senate. Yeah, 674 00:39:01,880 --> 00:39:04,160 Speaker 1: So this is the bill that is kind of Congress's 675 00:39:04,239 --> 00:39:07,040 Speaker 1: response to China. It's sort of like, let's boost up 676 00:39:07,239 --> 00:39:10,879 Speaker 1: American manufacturing and American research and development, and hey, while 677 00:39:10,880 --> 00:39:13,240 Speaker 1: we're at it, let's throw a couple of billion dollars 678 00:39:13,239 --> 00:39:16,000 Speaker 1: at that whole chip shortage that we're dealing with right now. 679 00:39:16,239 --> 00:39:19,520 Speaker 1: It's a bipartisan bill. It's sponsored by a Republican as 680 00:39:19,520 --> 00:39:22,640 Speaker 1: well as Democratic Majority leaders Chuck Schumer, who has said, hey, 681 00:39:22,719 --> 00:39:24,680 Speaker 1: let's get this thing to the floor, let's get this 682 00:39:24,760 --> 00:39:27,360 Speaker 1: thing passed. The thing is, we've seen a ton of 683 00:39:27,400 --> 00:39:32,319 Speaker 1: amendments submitted by Republican senators and that's really holding up 684 00:39:32,320 --> 00:39:35,839 Speaker 1: the process. You heard Senate Minority Leader Mitch McConnell say 685 00:39:35,920 --> 00:39:38,120 Speaker 1: today that he really thought that they had to go 686 00:39:38,160 --> 00:39:41,200 Speaker 1: through the entire process. And remember the end of this week, 687 00:39:41,440 --> 00:39:43,319 Speaker 1: the Senate is out for a little bit, so it's 688 00:39:43,400 --> 00:39:45,480 Speaker 1: kind of if they don't get it done now that 689 00:39:45,600 --> 00:39:48,520 Speaker 1: we're not going to see it done until about mid June. Genie, 690 00:39:48,560 --> 00:39:51,040 Speaker 1: is this on your radar? I noticed the procedural vote 691 00:39:51,080 --> 00:39:53,640 Speaker 1: earlier was eighty six to eleven. Is this a glide 692 00:39:53,680 --> 00:39:56,080 Speaker 1: path to passage? Do you think? Or how tough? Is 693 00:39:56,120 --> 00:39:58,720 Speaker 1: this really real? Quick? No such thing as a glide paths? 694 00:39:58,800 --> 00:40:01,680 Speaker 1: And and to Emily's point, while this did seem bipartisan, 695 00:40:01,880 --> 00:40:05,000 Speaker 1: now that the Republicans are accusing the administration of moving 696 00:40:05,040 --> 00:40:08,080 Speaker 1: money on amendments there from the bill that got them 697 00:40:08,080 --> 00:40:10,160 Speaker 1: down to the one point seven, I think it ends 698 00:40:10,200 --> 00:40:12,680 Speaker 1: up being a bit more contentious than it was. We 699 00:40:12,760 --> 00:40:15,040 Speaker 1: will see this week. This is a good show. Thank 700 00:40:15,040 --> 00:40:18,520 Speaker 1: you so much to Congresswoman Madeline Dean for calling in earlier, 701 00:40:18,520 --> 00:40:21,359 Speaker 1: Democrat from Pennsylvania. Thank you again to my co host 702 00:40:21,360 --> 00:40:26,120 Speaker 1: Bloomberg Government congressional reporter Emily Wilkins, and to Bloomberg Politics 703 00:40:26,120 --> 00:40:30,440 Speaker 1: contributor Jeanie Schanzano. That is it for US, I'm Jack Fitzpatrick. 704 00:40:30,719 --> 00:40:31,560 Speaker 1: This is Bloomberg