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Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

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Speaker 2: You're listening to the Bloomberg Balance of Power podcast. Catch

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Speaker 2: us live weekdays at noon Eastern on Appocarplay and then

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Speaker 2: roun Auto with the Bloomberg Business app. Listen on demand

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Speaker 2: wherever you get your podcasts, or watch us live on YouTube.

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Speaker 3: Live from Washington. Hey, you made it to Tuesday. All right,

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Speaker 3: we're getting there the Tuesday edition on Bloomberg Radio, on

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Speaker 3: the satellite radio and on YouTube. Where you can find

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Speaker 3: us right now search Bloomberg Business News Live. Because as

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Speaker 3: always we've got a lot to catch up on. It's

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Speaker 3: good to see you. Thank you for joining. Here's the

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Speaker 3: baseline when it comes to politics. Today President Biden wrapping

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Speaker 3: things up in Africa. He's in Angola where he wraps

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Speaker 3: the trip three day trip done today, the Trends Africa Summit,

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Speaker 3: wrapping things up today before he gets on Air Force

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Speaker 3: one and heads back to Washington. Congress also coming back

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Speaker 3: to Washington. Senators, members of the House flying in last

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Speaker 3: night and today we actually get down to business. Senate's

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Speaker 3: already in session.

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Speaker 4: The House.

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Speaker 3: We'll get back to it tonight. We've got a funding deadline,

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Speaker 3: you know. To listen to this program the deal there,

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Speaker 3: No one's talking about a shutdown. So when you see

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Speaker 3: the countdown clocks later on cable news, you can sound

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Speaker 3: smart at the cocktail party. We don't, however, have a deal,

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Speaker 3: and we'll get to that later this hour with Nathan Dean, who, yes,

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Speaker 3: of course, is running odds on a shutdown. Now, while

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Speaker 3: lawmakers are doing this dance on Capitol Hill, Donald Trump's

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Speaker 3: picks for Defense and Treasury are doing their own dance

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Speaker 3: on the Senate side.

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Speaker 4: You know how this works.

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Speaker 3: You get the sharper, they bring it through the meetings

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Speaker 3: and you actually sit down in the office with the

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Speaker 3: senators who are going to be deciding your fate. That's

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Speaker 3: an easier job for some than others. Right now, ask

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Speaker 3: Matt Gates, and there's a big difference between Scott Bessett

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Speaker 3: today and Pete Hegseth. As the walls start to close

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Speaker 3: in a little bit more around Donald Trump's choice to

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Speaker 3: run the Pentagon. Remembering this is a military combat veteran,

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Speaker 3: also a veteran of Fox News, and he's facing a

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Speaker 3: series of allegations involving sexual assault, which he was asked

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Speaker 3: about again today as he made his way through the

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Speaker 3: corridors in the Senate, reporters have one question on their

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Speaker 3: mind here.

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Speaker 4: It is how do you feel about the women in combat?

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Speaker 4: Amazing women, it's amazing.

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Speaker 5: What do you think they should be in combat?

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Speaker 4: I think they're already in combat.

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Speaker 3: I think they're already in combat. He's talking about women

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Speaker 3: in combat. It's not just the sexual assaults. It's what

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Speaker 3: role women should play in the Pentagon. As he just said,

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Speaker 3: we have amazing women who serve in the military. I

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Speaker 3: think they're already in combat. When asked if he thinks

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Speaker 3: they should be, this is where we follow the bouncing

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Speaker 3: ball today with Ashley. Davis was delighted to hear that

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Speaker 3: Ashley was coming on with us. Of course, a Republican strategist,

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Speaker 3: but an insider when it comes to national security and

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Speaker 3: this idea of subverting FBI background checks. I've got a

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Speaker 3: lot of questions for Ashley, principal that West Front Strategy's

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Speaker 3: former special assistant to the Director of Homeland Security.

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Speaker 4: Ashley, it's great to have you back.

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Speaker 3: This is quite the dance to witness no matter who

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Speaker 3: the candidate is. But I wonder your thoughts now that

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Speaker 3: Matt Gates is out of the picture. It is all

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Speaker 3: the fire now turned to Pete Hegseth.

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Speaker 6: Well, that's what it looks like is happening right now. Obviously,

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Speaker 6: if you've seen who he's been meeting with up to

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Speaker 6: this point, they've been more on the friendly side in

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Speaker 6: regard to true Trump believers, I mean Senator Tulberville yesterday,

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Speaker 6: and so there have been the support that he needs

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Speaker 6: from them. However, you've seen a lot of Republican senators

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Speaker 6: say they want to make sure that they see his

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Speaker 6: full vetted FBI background check. And to kind of answer

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Speaker 6: that question, which I think is really important, is if Trump.

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Speaker 6: If President Trump says we're not going to do a

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Speaker 6: background check onness, these senators have the ability to just say,

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Speaker 6: then fine, I don't get it, then we're not going

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Speaker 6: to vote for him. And remember he can only lose

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Speaker 6: really three votes, and we all we don't know where

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Speaker 6: Mitch McConnell with Susan Collins Elisa Murkowski will be, So

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Speaker 6: these senators can really vote with what they say if

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Speaker 6: they really want an FBI by background check, and obviously

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Speaker 6: that's that standard procedure.

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Speaker 5: So I would think that you see that happening.

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Speaker 3: Well, so okay, let's get into that for a minute,

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Speaker 3: because Ashley, you know a lot more about this than

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Speaker 3: most Americans, having had a security clearance, having worked in

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Speaker 3: national security in the Bush administration and what became the

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Speaker 3: Homeland Security Department. Is Donald Trump about to set a

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Speaker 3: new normal because there is a standoff here between the

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Speaker 3: transition team that does not trust the FBI and the

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Speaker 3: senators in the case of Senator Wicker, for instance, running

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Speaker 3: a committee that's got a clear The next Secretary of

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Speaker 3: Defense sees this rather differently. These senators want the traditional

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Speaker 3: FBI background check.

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Speaker 4: Where's this going.

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Speaker 5: It's going to yeah, yeah, absolutely.

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Speaker 6: Again, I think the senators have the power here because

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Speaker 6: if they don't get the FBI background check, then they

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Speaker 6: can say very easily, then we're not.

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Speaker 5: Going to vote for him.

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Speaker 6: And so you know, they kind of have that threat

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Speaker 6: to be able to do that in order to get

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Speaker 6: the FBI background check. If you even look at Jony

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Speaker 6: Ernst to women in the military is very important topic

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Speaker 6: for her. She's on the Armed Services Committee, which the

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Speaker 6: Doe Secretary will go through as for the first you know,

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Speaker 6: part of the nomination process, and she also has a

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Speaker 6: big been a big vocal supporter of making sure that

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Speaker 6: they assault and women in the military is dealt with

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Speaker 6: in their proper way. So what she has said publicly

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Speaker 6: several times is she really looks forward to the background.

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Speaker 1: Checks that.

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Speaker 5: Seth will have.

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Speaker 6: So if she doesn't get those background tech checks, she

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Speaker 6: can just be like, hey, then I'm not voting for him.

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Speaker 6: So I do think they have the ability to play

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Speaker 6: chicken here a little bit with the President elect.

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Speaker 3: You know what they're talking about here. It's not they,

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Speaker 3: it's Jonathan Martin. You see this piece today Politico. He

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Speaker 3: took to Twitter with the idea that Hegseth goes down

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Speaker 3: surrounded by scandal involving sexual assault allegations. His ideas about

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Speaker 3: women in combat and to the rescue is Senator Joni Ernst.

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Speaker 3: Of course his potential foil here. She's a veteran who

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Speaker 3: has made a great issue of sexual assault in the military.

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Speaker 3: Would she not be the smartest pick if Pete Hegseth

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Speaker 3: doesn't work out here because she would sail through confirmation right?

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Speaker 7: Well?

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Speaker 5: Absolutely.

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Speaker 6: I mean, I'm obviously I'm a huge fan of her,

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Speaker 6: so I'm very biased about that question, but I think

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Speaker 6: she would be wonderful. You know, there are the dynamics

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Speaker 6: of when at that point a governor would have to

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Speaker 6: appoint a senator, you know, a temporary senator. So how

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Speaker 6: long is that process would that take? And I don't

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Speaker 6: know the answer to that question off the top of

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Speaker 6: my head. So you know, there is this point of

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Speaker 6: getting tax reform done early on in the administration, so

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Speaker 6: you don't want to have empty Senate seats either, which

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Speaker 6: would be something that could potentially work against her.

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Speaker 5: That would be open for a while.

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Speaker 3: Interesting if Donald Trump gets nominees like Pete Haig Seth

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Speaker 3: through committee without an FBI background check, realizing that may

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Speaker 3: not be what happens here to your point, senators have

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Speaker 3: the leverage. But if that took place, would he not

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Speaker 3: be able to simply give them the background check or

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Speaker 3: the security clearance rather once they got into the White House.

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Speaker 3: He did that with Jared Kushner in his first term.

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Speaker 3: He could just as president give everyone security clearance.

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Speaker 6: Right, Yes, I mean, I guess in theory obviously he

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Speaker 6: can as president. I agree with you, and I think

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Speaker 6: many people that are listening right now would agree that that.

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Speaker 6: I understand the point that he doesn't trust the FBI

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Speaker 6: for various reasons. However, there is a process in place,

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Speaker 6: and one of the main issues when you go through

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Speaker 6: these security clearances is obviously the general stuff that you

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Speaker 6: would think that you haven't done anything horrible in your past,

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Speaker 6: but one of the most important things is the financial.

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Speaker 5: Any financial issues that.

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Speaker 6: You would have that you would be a target to

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Speaker 6: foreign governments to take bribes, and so that to me,

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Speaker 6: with some of the people that you know that are

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Speaker 6: obviously serving presidents no matter who it is, is probably

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Speaker 6: one of the most important things, because you're not going

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Speaker 6: to really normally nominate someone that has criminal pasts. But

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Speaker 6: this whole financial aspect is something that's really important for

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Speaker 6: some of these nominees.

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Speaker 3: Well, okay, and well stated here when it comes to

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Speaker 3: the various levels of security clearance, I know you could

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Speaker 3: give us a clinic on this, and I don't want

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Speaker 3: to get too far into the weeds, but how many

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Speaker 3: are there? If you're going to run an agency like

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Speaker 3: the Pedagon for instance, or a law enforcement agency like

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Speaker 3: the FBI, that would require obviously the highest But when

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Speaker 3: we start talking about Scott Bessont, for instance, some of

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Speaker 3: the other nominees, how many different shades of clearances are there?

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Speaker 6: Well's there's a very interesting fact here which I learned

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Speaker 6: when I was going through MIND. So the normal or

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Speaker 6: top secret and then to something called ts SCI which

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Speaker 6: is a higher level, which is kind of what someone

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Speaker 6: like the Secretary of Treasury would get. So it's a

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Speaker 6: high level higher than top secret, which is more the

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Speaker 6: general clearance. But the interesting dynamic here or there's code

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Speaker 6: words that you that you can get and so that

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Speaker 6: means that you can read into certain programs throughout the

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Speaker 6: federal government. And there's not one person, including the President

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Speaker 6: of the United States, that has the ability to read

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Speaker 6: into every single code program in the country. So like Treasury,

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Speaker 6: for example, has they deal with a lot of terrorism

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Speaker 6: ensurance or terrorism funding through the department. So obviously those

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Speaker 6: programs the Secretary Treasury would be read into, but he's

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Speaker 6: not necessarily going to be read into programs of something

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Speaker 6: that's happening in the.

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Speaker 5: Ground war in Afghanistan. So there's but someone.

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Speaker 6: Like DoD he would read he would be read into

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Speaker 6: obviously all the different programs of the Department of Defense

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Speaker 6: would be involved, and however he may not necessarily be

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Speaker 6: read into programs that have to do with critical infrastructure in.

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Speaker 5: The United States.

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Speaker 3: Fascinating that's what really interest join us. Yeah, you're not

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Speaker 3: going to hear this anywhere else. Well, it sure is,

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Speaker 3: because we're talking about this every day here, and it

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Speaker 3: kind of helps when you know what you're talking about.

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Speaker 3: Keep this in mind when you hear about these confirmation

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Speaker 3: hearings and the security clearances that come with the FBI

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Speaker 3: background check. Ashley, It's great to have you back. As always, you're.

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Speaker 2: Listening to the Bloomberg Balance of Power podcast kens just

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Speaker 2: live weekdays at noon Eastern on Applecarplay and then Rounoo

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Speaker 2: with the Bloomberg Business App. You can also listen live

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Speaker 2: on Amazon Alexa from our flagship New York station, just

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Speaker 2: say Alexa, Pay Bloomberg eleven thirty.

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Speaker 3: We turn our attention to the topic of energy, and

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Speaker 3: of course this is the fastest show in politics, so

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Speaker 3: we're going to do this through policy here in Washington

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Speaker 3: by way of Alaska. And I mentioned this just twenty

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Speaker 3: four hours after we saw the price of a gallon

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Speaker 3: of gas fall below three dollars nationally that according to

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Speaker 3: Gas Buddy, it was at two ninety nine when we

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Speaker 3: drove home last night.

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Speaker 4: Hits back above three today.

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Speaker 3: But there's been some progress here and certainly when you

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Speaker 3: look at what's happening in the crude oil market, remembering

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Speaker 3: we had a high WTI West Texas intermediate of about

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Speaker 3: eighty seven dollars a barrel. That was back the beginning

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Speaker 3: of April. Today we're about twenty dollars below that level

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Speaker 3: right now, sixty nine dollars at the moment, actually, but

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Speaker 3: still holding below seventy. And that's the baseline for what

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Speaker 3: we're going to see in the new administration. Donald Trump has,

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Speaker 3: of course, promised to cut energy prices by half as

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Speaker 3: the centerpiece of his policy to combat inflation across the board.

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Speaker 3: And the refrain that we heard in Milwaukee, much like

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Speaker 3: it was in the Twin Cities in two thousand and eight,

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Speaker 3: was drill, Baby, Drill. Now on the other end of

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Speaker 3: these promises, at least in some cases, is the governor

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Speaker 3: of Alaska, and I'm glad to say that he's in

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Speaker 3: Washington today. He came here to warm up in our

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Speaker 3: twenty five degree whether Governor Mike Dunleavy. It's great to

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Speaker 3: see you in the nation's capitol.

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Speaker 4: Welcome back. Great to be here in the sub Indian radio.

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Speaker 3: On a summer day with I think it was twenty seven.

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Speaker 3: I'll be fair here. I want to know what your

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Speaker 3: state is going to look like the year or four

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Speaker 3: from now. Knowing that Donald Trump has talked a lot

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Speaker 3: about not only unwinding regulations, but unwinding limits on drilling

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Speaker 3: in your state, specifically in anwar, how quickly will you

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Speaker 3: get to this and what changes in the offing.

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Speaker 8: It's a great question, Joe. So it depends on the

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Speaker 8: executive orders. Some have said that the President's going to

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Speaker 8: drop executive orders immediately, maybe even on the first day.

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Speaker 8: Hopefully some of those executive orders will repeal with some

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Speaker 8: of the Bide administration folks have done to Alaska. Our

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Speaker 8: sener Dan Sullivan has an interesting chart that shows about

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Speaker 8: sixty six sanctions against Alaska is what we call them,

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Speaker 8: since the Biden administration came into play. So, for example,

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Speaker 8: in twenty seventeen, anwar was opened under the Tax and

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Speaker 8: Jobs Bill, and the Biden administration has really done everything

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Speaker 8: they can to stop those leases from actually going into play.

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Speaker 8: We're supposed to have a sale again, a second sale

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Speaker 8: for leases in an war in December. We're not sure

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Speaker 8: if that's even going to happen. This is required by law,

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Speaker 8: but We'll see when December comes along, but we were

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Speaker 8: questioning whether this administration is going to go through with that.

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Speaker 8: But I would say what Alaska's going to look like

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Speaker 8: is what it's supposed to look like. What this country's

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Speaker 8: supposed to look like is tremendous opportunity under the Trump administration,

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Speaker 8: just like his first term, great conversations with the President

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Speaker 8: during his first term, he always asked this, what does

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Speaker 8: Alaska need? What can we do for Alaska? And under

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Speaker 8: President Trump, we got anwar, we were drilling more, we

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Speaker 8: were moving west than the NPR, which is the National

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Speaker 8: Patrolling Reserve. About twenty seven million acres of land in

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Speaker 8: Alaska that was designated oil production and gas production very

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Speaker 8: supportively is of our gas line project that is fully

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Speaker 8: permitted that we're trying to finalize. Timber industry. Timber industry

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Speaker 8: disappeared in the longest National Forest under the Clinton administration.

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Speaker 8: Hopefully that comes back. But between oil, gas mining, timber,

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Speaker 8: we have tremendous opportunity in Alaska. All we want is

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Speaker 8: the opportunity to be able to develop those resources on

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Speaker 8: federal land, and we're very hopeful with President Trump coming back.

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Speaker 3: You mentioned the leases under the Biden administration, seven of

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Speaker 3: them that had been acquired by the Alaska Industrial Development

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Speaker 3: and Export Authority were canceled and two others were abandoned.

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Speaker 3: As a result, You're in an interesting position here as

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Speaker 3: a policymaker, with one hand on Washington the other on industry.

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Speaker 3: There's been a bit of a lucy with the football.

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Speaker 3: According to some oil producers who want assurances before they

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Speaker 3: start investing in these leases.

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Speaker 4: What would you tell them.

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Speaker 8: Well, that's another thing that the Trump administration will bring certainty.

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Speaker 8: So part of the problem with the leases in anwar

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Speaker 8: as you as you mentioned is when you're selling leases,

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Speaker 8: but on the other hand, you're telling folks to not

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Speaker 8: invest in the Arctic, to not put money in the Arctic,

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Speaker 8: to not put money into oil. You know, it provides

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Speaker 8: an uncertain future for those investors, and so I think

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Speaker 8: under the Trump administration that's gonna change. The other thing

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Speaker 8: that's very important, you know, realize, is we're gonna need

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Speaker 8: two to three times as much energy as we're producing

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Speaker 8: right now because of data farms, yes, supercomputers. That's rapidly

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Speaker 8: changing that. You know, a giga a gigawat of electricity

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Speaker 8: powers about eight hundred thousand homes. We only have seven

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Speaker 8: hundred thousand people in the state of Alaska, so some

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Speaker 8: of these data farms are using more than the power

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Speaker 8: we generate for all of our residents. You're going to

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Speaker 8: have to have as much energy as possible coming from

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Speaker 8: various sources, and we're gonna need it sooner than later.

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Speaker 3: You're sitting on oil, but a lot of people are

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Speaker 3: talking about nuclear. Now do you support that?

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Speaker 8: Yeah, We've support all forms of energy, doesn't matter if

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Speaker 8: it's renewables, oil, gas, nukes, any all forms of energy.

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Speaker 8: And we actually passed a new exciting bill two years

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Speaker 8: ago that's going to make it easier for nuclear office

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Speaker 8: to come up and take a look at a lot.

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Speaker 2: Is that right?

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Speaker 3: So Alaska could be the home of the new.

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Speaker 4: Nuclear reactor in the United States? Well, I hope so.

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Speaker 8: And we're also looking at a nuclear reactor on one

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Speaker 8: of our military bases at Aileson, So yes, we hope.

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Speaker 8: So you need as much energy as possible, again, from

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Speaker 8: any source we can get it from.

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Speaker 3: Or will we see an auction in the early stages

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Speaker 3: of the Trump administration when it comes to these leases,

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Speaker 3: or do you not have a sense of exactly so

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Speaker 3: that procedure will be.

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Speaker 4: I hope so.

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Speaker 8: And I hope that also pertains the offshore oral leases

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Speaker 8: which were also negaibily impacted by the Biden administration. So

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Speaker 8: on shore offshore again, we hope that there's a couple

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Speaker 8: of these sales like go up pretty quick.

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Speaker 3: The prize for you, unless you tell me otherwise, is

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Speaker 3: a pipeline, a natural gas pipeline that the Trump administration

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Speaker 3: has promised. You actually retweeted a statement by Donald Trump

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Speaker 3: on this. What's your expectation? What has he told you?

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Speaker 4: Well, we have all the.

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Speaker 8: Permit for this pipeline. It's a massive pipeline project where

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Speaker 8: I think we're battling our last court case. So this

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Speaker 8: pipeline project is really coming together with buyers and sellers

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Speaker 8: of gas. The President has been very consistent. President Trump's

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Speaker 8: are very consistent, and he supports this gas line concept.

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Speaker 8: What people don't realize is Alaska pioneer energy export for

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Speaker 8: North America in late nineteen sixty sixty eight sixty nine,

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Speaker 8: we've sent gas to Japan energy out of the Kiski, Alaska,

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Speaker 8: which is south of Anchorage. That occurred for fifty years

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Speaker 8: until our gas got depleted in the Cook Inlet. But

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Speaker 8: we're talking about North Slope gas, which is one hundred

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Speaker 8: trillion qb feet to two hundred trillion qubic feet of gas.

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Speaker 8: Tremendous amounts of gas. But we're very close to consummating

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Speaker 8: this gas pipeline and I'm pretty excited about it.

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Speaker 3: Well, Chris Wright and Doug Bergham, hope you.

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Speaker 4: Make that happen.

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Speaker 8: Well, I know Doug, Doug's a former governor, comes from

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Speaker 8: an energy state. I think I don't know mister right well,

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Speaker 8: but from what I understand, he's going to do a

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Speaker 8: great job as well. But Doug is going to be

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Speaker 8: terrific because it's that interface between tenechnology, supercomputing, and energy,

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Speaker 8: and his role as the energies are I think is

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Speaker 8: going to pay amazing dividends for those.

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Speaker 4: Country energies are.

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Speaker 3: But also the Interior Secretary might have something to say

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Speaker 3: about the lands we're talking about.

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Speaker 8: Yeah, we have more of more blm lands, more parklands

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Speaker 8: than any other state in the country in terms of acreage.

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Speaker 8: Our population has more Native Americans than any of any

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Speaker 8: other state as a percentage, twenty percent of our population

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Speaker 8: as Native American, and so a lot to do with

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Speaker 8: the Apartment of Interior Alaska has and so we look

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Speaker 8: forward to working with Doug on solving some problems for

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Speaker 8: the state and the country.

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Speaker 4: The biggest tribe in Alaska supports your move on.

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Speaker 8: Energy, most most Native Alaskans, most Alaskans support our moves

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Speaker 8: on energy.

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Speaker 4: This is something that's been mischaracterized absolutely media.

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Speaker 8: How come because it doesn't play to the narrative On

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Speaker 8: the left, My wife is ani pak Eskimo. My kids

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Speaker 8: are Eskimo. They're tribal members and their members of our

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Speaker 8: native corporations up there. My three girls work at the

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Speaker 8: largest legending mine in the world. It's the resource you know,

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Speaker 8: extraction industry. Most Native Americans, they're Americans. They want to

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Speaker 8: be able to turn their lights on. They want to

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Speaker 8: be able to warm their homes. They want to be

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Speaker 8: able to drive their machines, their cars, their snow machines,

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Speaker 8: whatever it is. And so yeah, energy is important to

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Speaker 8: all of us.

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Speaker 3: They also want to drink clean water and breathe clean air.

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Speaker 3: Do you worry about the impact on climate change that,

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Speaker 3: for instance, the LNG exports because lifting that moratorium looks

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Speaker 3: like a day one endeavor for Donald Trump.

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Speaker 8: Welly, I hope so and I don't because Alaska takes

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Speaker 8: care of this environment probably better than any other place

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Speaker 8: in the country, excuse me, any other place in the world,

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Speaker 8: and probably any other place in the country. When you

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Speaker 8: shift your resource development overseas, the places like China, places

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Speaker 8: in Africa, the Middle East, they don't have the environmental

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Speaker 8: regulations that we do. And so by doing it here

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Speaker 8: in America, you get the benefits of taking care of

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Speaker 8: the environment, jobs, wealth creation, and really opportunity. And this

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Speaker 8: energy is really going to be the underpinnings for the

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Speaker 8: supercomputing age, the AI age that we need to be

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Speaker 8: leaders of.

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Speaker 3: You've got your eyes on data centered Absolutely, that's a

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Speaker 3: big deal for Alaska. Does the distance make it difficult

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Speaker 3: to put the data centers themselves in Alaska or is

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Speaker 3: it about procuring energy in Alaska that will feed the

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Speaker 3: data centers here.

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Speaker 8: Well, what we have going for is in Alaska's energy. Yeah,

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Speaker 8: we have continuous acres of land. You need large tracks

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Speaker 8: of lander.

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Speaker 2: Have that.

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Speaker 8: We have three times the fresh water of any other state.

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Speaker 4: So set up the farms in Alaska and we have

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Speaker 4: cool temperatures there you go. Absolutely, cooling is a big

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Speaker 4: part of this. That's fascinating.

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Speaker 3: I want to talk about you, Governor in your personal

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Speaker 3: trajectory because a lot of people are watching us right now.

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Speaker 3: Joe's talking to the governor of Alaska. Is this big

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Speaker 3: timberman looking guy logging. You're from Scranton, Pennsylvania, Pennsylvania, and

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Speaker 3: after you graduated from college, after spending a life hunting

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Speaker 3: and fishing and being outdoors, you decided to just move

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Speaker 3: your life to Alaska. Through a connection you got a

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Speaker 3: job as a logger, as a kid from Scranton, which

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Speaker 3: more people associate with Joe Biden than with Mike Dunlavy.

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Speaker 3: What was the scratch or the itch you were trying

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Speaker 3: to scratch by making that move?

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Speaker 8: Always love the outdoors and the ultimate outdoor?

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Speaker 4: Was it culture shock when you got there? Not really?

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Speaker 8: Great people in Alaska just like great people in Scranton.

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Speaker 8: So not really. But it was the outdoors, the willderness

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Speaker 8: that drew me there back in nineteen eighty three, So

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Speaker 8: right out of college went to Alaska.

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Speaker 3: I never looked back, never looked back. How much time

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Speaker 3: did you spend logging?

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Speaker 8: Well that was what learn doing this several months in

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Speaker 8: southeast Alaska. Then I moved up north close to the

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Speaker 8: Arctic Circle, and I was a teacher for over a

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Speaker 8: twenty two years.

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Speaker 3: You were a teacher for a long time before you

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Speaker 3: got into politics. What did you learn as a logger

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Speaker 3: from Scranton, Pennsylvania.

439
00:21:28,359 --> 00:21:32,080
Speaker 8: That jobs are incredibly important, especially for low income folks,

440
00:21:32,359 --> 00:21:36,480
Speaker 8: Opportunities very important, and resource development is what Alaska is

441
00:21:36,520 --> 00:21:39,119
Speaker 8: all about. That's why the US acquired Alaska from Russia

442
00:21:39,200 --> 00:21:41,600
Speaker 8: was resource development. And again, we do it better than

443
00:21:41,600 --> 00:21:43,119
Speaker 8: anywhere else I think in the world.

444
00:21:45,400 --> 00:21:46,520
Speaker 4: You then became a teacher.

445
00:21:46,760 --> 00:21:48,760
Speaker 3: Yes, Do you think that Donald Trump is on the

446
00:21:48,800 --> 00:21:50,919
Speaker 3: right track to eliminate the Department of Education?

447
00:21:51,040 --> 00:21:52,600
Speaker 4: As an educator yourself, I do.

448
00:21:52,640 --> 00:21:56,840
Speaker 8: I do because education was one of those rights that

449
00:21:56,840 --> 00:21:59,280
Speaker 8: the States never gave up in the Constitution where we

450
00:21:59,280 --> 00:22:03,080
Speaker 8: formed the federal govern because the states believe that their

451
00:22:03,160 --> 00:22:06,960
Speaker 8: control over education was critically important, not the federal government's control.

452
00:22:07,000 --> 00:22:09,280
Speaker 8: And so the Department of Education as a new department

453
00:22:09,320 --> 00:22:11,960
Speaker 8: came in under Jimmy Carter and a number of us

454
00:22:12,040 --> 00:22:14,800
Speaker 8: that were teachers, administrators, school board members, which I was

455
00:22:14,840 --> 00:22:17,320
Speaker 8: as well. We think you can do things better at

456
00:22:17,359 --> 00:22:19,720
Speaker 8: the local level than you can thousands of miles away

457
00:22:19,720 --> 00:22:22,040
Speaker 8: from Alaska, thousands of miles away from other states, and

458
00:22:22,080 --> 00:22:26,639
Speaker 8: so certainly support the elimination, if possible, of the Department

459
00:22:26,680 --> 00:22:27,159
Speaker 8: of Education.

460
00:22:27,240 --> 00:22:29,520
Speaker 3: What do you do for funding for disabled students some

461
00:22:29,560 --> 00:22:31,280
Speaker 3: of the other expenses that might be hard for us.

462
00:22:31,240 --> 00:22:34,240
Speaker 8: To run that money through health social services. There's many

463
00:22:34,240 --> 00:22:38,480
Speaker 8: ways to get money to certain groups in the educational umbrella,

464
00:22:38,560 --> 00:22:40,760
Speaker 8: doesn't have to be through this department that currently exists.

465
00:22:40,920 --> 00:22:42,879
Speaker 4: A lot of people suggested you for a number of

466
00:22:42,920 --> 00:22:45,320
Speaker 4: jobs here in Washington. I heard that, Yeah, you might

467
00:22:45,359 --> 00:22:45,960
Speaker 4: have as well.

468
00:22:46,200 --> 00:22:47,840
Speaker 3: You're here right now. I don't know if who you're

469
00:22:47,880 --> 00:22:50,400
Speaker 3: talking to. Would you consider working for this administration? Maybe

470
00:22:50,440 --> 00:22:51,840
Speaker 3: you should run the Department of Education.

471
00:22:52,040 --> 00:22:54,240
Speaker 8: Well, I think he's already got a great pick and

472
00:22:55,240 --> 00:22:59,120
Speaker 8: McMahon for education. But the President I never talked about

473
00:22:59,160 --> 00:23:00,800
Speaker 8: a job. He knows I have two years left in

474
00:23:00,800 --> 00:23:04,560
Speaker 8: my term. I barely enjoyed this job, and as mentioned earlier,

475
00:23:04,600 --> 00:23:06,280
Speaker 8: we're on the verge of some big projects that we

476
00:23:06,280 --> 00:23:08,000
Speaker 8: want to make sure you get across the finish line.

477
00:23:08,040 --> 00:23:10,680
Speaker 8: So I've got my hands filled over the next two

478
00:23:10,760 --> 00:23:11,520
Speaker 8: years with Alaska.

479
00:23:11,720 --> 00:23:13,919
Speaker 3: Sure, A lot of governors, though, say that. The stock

480
00:23:13,920 --> 00:23:16,919
Speaker 3: answer is, oh my god, Washington, nothing gets done there.

481
00:23:17,040 --> 00:23:19,320
Speaker 3: I'm better off here. I'm an executive running my own

482
00:23:19,320 --> 00:23:20,359
Speaker 3: state right where I want to.

483
00:23:20,359 --> 00:23:21,400
Speaker 4: Be truth to that too?

484
00:23:21,600 --> 00:23:23,359
Speaker 3: Is there truth to that? Does anything get done in

485
00:23:23,440 --> 00:23:24,520
Speaker 3: Washington with Donald Trump?

486
00:23:24,560 --> 00:23:27,760
Speaker 8: At the other end of time, I think with President Trump,

487
00:23:29,040 --> 00:23:32,000
Speaker 8: he really wants to change things. He really wants to

488
00:23:32,040 --> 00:23:33,840
Speaker 8: disrupt things. And I say that in the positive. If

489
00:23:33,840 --> 00:23:35,639
Speaker 8: he really wants to give power back to the states,

490
00:23:35,720 --> 00:23:38,360
Speaker 8: give power back to the people. So I'm excited about

491
00:23:38,400 --> 00:23:40,480
Speaker 8: the possibilities. I saw what he did this first term,

492
00:23:40,600 --> 00:23:43,120
Speaker 8: and he said four years to plan for this term.

493
00:23:43,119 --> 00:23:44,520
Speaker 8: I think it's going to be a great four years

494
00:23:44,520 --> 00:23:45,040
Speaker 8: for this country.

495
00:23:45,040 --> 00:23:47,520
Speaker 4: Can he really drop energy prices by fifty percent if

496
00:23:47,560 --> 00:23:50,280
Speaker 4: we produce more? Yeah, if you produce more, that's what

497
00:23:50,280 --> 00:23:51,440
Speaker 4: we're talking about. Yes.

498
00:23:51,760 --> 00:23:55,000
Speaker 8: And for Alaska, what we want to have is more production.

499
00:23:55,359 --> 00:23:58,399
Speaker 8: Not necessarily higher prices because higher prices hurt Americans heart

500
00:23:58,440 --> 00:24:01,080
Speaker 8: Alaska's but more production. That's where we'll get revenue from

501
00:24:01,080 --> 00:24:01,959
Speaker 8: as well. More production.

502
00:24:02,080 --> 00:24:03,880
Speaker 4: Nice to see you in town. Come see us again.

503
00:24:03,920 --> 00:24:06,280
Speaker 3: The governor of Alaska, Mike Dunleavy. Now you know where

504
00:24:06,280 --> 00:24:10,200
Speaker 3: he's from.

505
00:24:10,359 --> 00:24:13,880
Speaker 2: You're listening to the Bloomberg Balance of Power podcast. Catch

506
00:24:13,960 --> 00:24:16,919
Speaker 2: us live weekdays at noon Eastern on AMMO CarPlay and

507
00:24:16,920 --> 00:24:19,600
Speaker 2: then roun Otto with the Bloomberg Business app. Listen on

508
00:24:19,720 --> 00:24:22,879
Speaker 2: demand wherever you get your podcasts, or watch us live

509
00:24:23,000 --> 00:24:26,280
Speaker 2: on YouTube.

510
00:24:26,320 --> 00:24:28,480
Speaker 3: Thank you for being with us on the Tuesday edition

511
00:24:28,520 --> 00:24:30,800
Speaker 3: of Ballots of Power. We're live from Washington on Bloomberg

512
00:24:30,840 --> 00:24:34,360
Speaker 3: TV and Radio. With the big question, how far will

513
00:24:34,400 --> 00:24:37,760
Speaker 3: they kick the can? Of course, I'm referring to Congress lawmakers,

514
00:24:37,840 --> 00:24:41,919
Speaker 3: or back last night into today. Senate's getting back into session.

515
00:24:41,960 --> 00:24:43,720
Speaker 3: The House will a little bit later on with seventeen

516
00:24:43,800 --> 00:24:46,880
Speaker 3: days until we run out of money. Now noteworthy, nobody's

517
00:24:46,960 --> 00:24:50,040
Speaker 3: running countdown clocks, at least not yet. No one's really

518
00:24:50,359 --> 00:24:54,040
Speaker 3: talking about a shutdown. But the fact is we might

519
00:24:54,080 --> 00:24:57,240
Speaker 3: have to kick the can. So we can kick the can.

520
00:24:58,119 --> 00:25:00,440
Speaker 3: We'll explain with our political panel Rick Davi. This joins

521
00:25:00,520 --> 00:25:03,520
Speaker 3: us now partner at Stone Court Capitol, Bloomberg Politics contributor

522
00:25:03,560 --> 00:25:07,800
Speaker 3: and Republican strategist, alongside Kristin Han, Democratic strategists partner at

523
00:25:07,920 --> 00:25:08,760
Speaker 3: Rock Solutions.

524
00:25:08,760 --> 00:25:09,880
Speaker 4: Great to see you both here.

525
00:25:10,480 --> 00:25:12,760
Speaker 3: Kristin, you spent enough time in the House of Representatives

526
00:25:12,800 --> 00:25:15,520
Speaker 3: to have seen this movie more than once. They don't

527
00:25:15,560 --> 00:25:18,040
Speaker 3: even have an agreement on top lines right now, and

528
00:25:18,040 --> 00:25:20,840
Speaker 3: the government runs out of money on December twenty so

529
00:25:21,440 --> 00:25:23,760
Speaker 3: you can probably tell us how this is going to work. Right,

530
00:25:23,800 --> 00:25:26,760
Speaker 3: We'll have a short term resolution, kicks the can into

531
00:25:26,760 --> 00:25:29,080
Speaker 3: the start of the new year. Everybody come back in

532
00:25:29,160 --> 00:25:31,000
Speaker 3: January when they have a lot of other things to

533
00:25:31,040 --> 00:25:33,040
Speaker 3: do to try to figure out how to get us

534
00:25:33,119 --> 00:25:36,120
Speaker 3: into the new year. So Donald Trump can affect the budget.

535
00:25:36,280 --> 00:25:37,199
Speaker 3: What's it going to look like?

536
00:25:38,600 --> 00:25:40,280
Speaker 1: I mean, I think you pretty much laid it out

537
00:25:40,320 --> 00:25:42,400
Speaker 1: pretty well. I mean, they're looking at, like you said,

538
00:25:42,800 --> 00:25:45,280
Speaker 1: we run out of money. Thement runs out of money

539
00:25:45,600 --> 00:25:50,639
Speaker 1: on December twentieth. Congress has a history of running up

540
00:25:50,680 --> 00:25:54,720
Speaker 1: against deadlines. I don't think that would be much different here.

541
00:25:54,840 --> 00:25:59,439
Speaker 1: You're looking at potentially funding the government through maybe March

542
00:25:59,760 --> 00:26:02,439
Speaker 1: of twenty twenty five, although they'll have to come to

543
00:26:02,480 --> 00:26:05,120
Speaker 1: an agreement there. And of course you have the Republicans

544
00:26:05,359 --> 00:26:08,800
Speaker 1: who are looking forward to taking over control of the House,

545
00:26:08,880 --> 00:26:11,600
Speaker 1: the Senate, and the White House, and they have a

546
00:26:11,600 --> 00:26:14,199
Speaker 1: lot of pinions that they're looking at. But there's a

547
00:26:14,200 --> 00:26:16,800
Speaker 1: lot on the docket between now and then. It's just

548
00:26:17,080 --> 00:26:19,040
Speaker 1: depends on whether they can get it all done with

549
00:26:19,119 --> 00:26:20,600
Speaker 1: so few legislative days.

550
00:26:20,640 --> 00:26:21,479
Speaker 5: Left on the calendar.

551
00:26:22,480 --> 00:26:25,560
Speaker 3: Rick Davis is about to scream regular Order. Rick, we

552
00:26:25,640 --> 00:26:27,960
Speaker 3: have to remind everybody, we've been punting for a while here.

553
00:26:28,000 --> 00:26:30,440
Speaker 3: They punted in September, which got us to this point.

554
00:26:30,440 --> 00:26:32,439
Speaker 3: They're going to punt again so they can do it

555
00:26:32,440 --> 00:26:33,200
Speaker 3: again in the new year.

556
00:26:33,240 --> 00:26:36,919
Speaker 7: Right, Yeah, I think regular Order is punting now, so

557
00:26:37,240 --> 00:26:39,359
Speaker 7: you won't hear me scream that anymore, at least not

558
00:26:39,440 --> 00:26:43,720
Speaker 7: between now in March. Look, the reality is the biggest

559
00:26:43,720 --> 00:26:46,000
Speaker 7: issue is that top line number. You know, they can

560
00:26:46,000 --> 00:26:48,159
Speaker 7: fill in whatever budget they want as long as they

561
00:26:48,160 --> 00:26:50,920
Speaker 7: have an agreement on how much total spending will occur.

562
00:26:51,240 --> 00:26:53,480
Speaker 7: And you know, I have to remind you, in addition

563
00:26:53,520 --> 00:26:56,439
Speaker 7: to the spending, we have to tuck into that, you know,

564
00:26:56,720 --> 00:27:02,640
Speaker 7: a supplemental for disaster relief. And after the winter weather

565
00:27:02,720 --> 00:27:05,600
Speaker 7: has already pounded the Great Lakes, I suspect there'll be

566
00:27:05,680 --> 00:27:08,800
Speaker 7: more money needed for that. So that's becoming a more

567
00:27:08,800 --> 00:27:12,560
Speaker 7: and more urgent spending issue. And then, of course, what

568
00:27:12,600 --> 00:27:17,200
Speaker 7: everyone says, the National Defense Authorization Act will be fine,

569
00:27:17,240 --> 00:27:19,879
Speaker 7: we always pass it. Well, it hasn't passed yet, and

570
00:27:19,920 --> 00:27:21,720
Speaker 7: it's just another thing that's going to come up the

571
00:27:21,760 --> 00:27:24,800
Speaker 7: works in this process. So yeah, I'm glad they're back

572
00:27:24,840 --> 00:27:27,560
Speaker 7: in town. I'm glad they're working. It's not great for traffic,

573
00:27:27,600 --> 00:27:31,080
Speaker 7: but it's good for the country. So hopefully they don't

574
00:27:31,440 --> 00:27:33,640
Speaker 7: get too grinded down to a stop here soon.

575
00:27:35,119 --> 00:27:37,600
Speaker 3: Got two weeks to get this done here, I guess

576
00:27:37,640 --> 00:27:40,560
Speaker 3: two and a half. Really, when you look at it, Kristin,

577
00:27:40,640 --> 00:27:44,000
Speaker 3: this won't be decided until the last minute, right, or

578
00:27:44,160 --> 00:27:46,640
Speaker 3: we're going to be in a world where lawmakers are

579
00:27:46,680 --> 00:27:48,800
Speaker 3: held over. Might have to work a little closer to

580
00:27:48,880 --> 00:27:50,159
Speaker 3: Christmas than planned.

581
00:27:50,160 --> 00:27:50,960
Speaker 4: How do we end the year?

582
00:27:52,119 --> 00:27:55,359
Speaker 1: I mean, there's always the chance that that can happen,

583
00:27:55,480 --> 00:27:59,640
Speaker 1: But in my experience, particularly the Christmas holiday has been

584
00:27:59,680 --> 00:28:03,840
Speaker 1: a motivator for members of both the House and the Senate.

585
00:28:03,880 --> 00:28:07,040
Speaker 1: I would project they would come to an agreement. But

586
00:28:07,280 --> 00:28:10,160
Speaker 1: you know, as I said, like we've got you've got

587
00:28:10,280 --> 00:28:15,440
Speaker 1: naa to deal with, potentially a farm bill, all these

588
00:28:15,480 --> 00:28:19,040
Speaker 1: things that you know that still have to happen or

589
00:28:19,080 --> 00:28:22,560
Speaker 1: should happen. I would love, like Rick, you know, if

590
00:28:22,560 --> 00:28:25,359
Speaker 1: the government can get back to regular order, that's not

591
00:28:25,600 --> 00:28:27,600
Speaker 1: you know, this seems to be the case times soon,

592
00:28:28,000 --> 00:28:29,800
Speaker 1: and I would not expect it to be the case

593
00:28:30,080 --> 00:28:32,120
Speaker 1: with such a slim majority in the House. Even next

594
00:28:32,200 --> 00:28:33,640
Speaker 1: year when the Republicans take over.

595
00:28:33,920 --> 00:28:38,560
Speaker 3: Yeah, could be a majority of one if Donald Trump

596
00:28:38,640 --> 00:28:40,800
Speaker 3: gets all of his nominees through their couple coming out

597
00:28:40,840 --> 00:28:43,200
Speaker 3: of the House, which makes life a little more difficult

598
00:28:43,240 --> 00:28:47,400
Speaker 3: for Speaker Mike Johnson. Of course, those nominees are making

599
00:28:47,400 --> 00:28:49,800
Speaker 3: the rounds right now, not necessarily from the House. But

600
00:28:49,840 --> 00:28:52,560
Speaker 3: in the case of today, we've got Scott Bessent, Donald

601
00:28:52,560 --> 00:28:56,479
Speaker 3: Trump's pick for Treasury Secretary, walking the halls of the Senate,

602
00:28:56,560 --> 00:28:59,160
Speaker 3: meeting with the senators who will help to determine his

603
00:28:59,240 --> 00:29:01,800
Speaker 3: fate when he gets into the confirmation process and the

604
00:29:01,840 --> 00:29:05,880
Speaker 3: actual hearings. The other making the round still is Pete Hegsath,

605
00:29:05,920 --> 00:29:10,640
Speaker 3: Donald Trump's pick for Defense Secretary, who has been enshrouded

606
00:29:11,280 --> 00:29:14,480
Speaker 3: by controversy here not only some sexual assault allegations, but

607
00:29:14,560 --> 00:29:18,000
Speaker 3: also his comments on women serving in the military serving

608
00:29:18,080 --> 00:29:21,040
Speaker 3: in combat role, something he was asked about yesterday as

609
00:29:21,080 --> 00:29:23,080
Speaker 3: he made his way through the halls of power in

610
00:29:23,120 --> 00:29:25,600
Speaker 3: the Senate. Let's listen, how do you feel about the

611
00:29:25,640 --> 00:29:26,560
Speaker 3: women in combat?

612
00:29:27,480 --> 00:29:30,720
Speaker 4: Amazing? When it's amazing, What do you think they.

613
00:29:30,680 --> 00:29:31,800
Speaker 5: Should be in combat?

614
00:29:32,560 --> 00:29:33,880
Speaker 4: I think they're already in combat.

615
00:29:35,240 --> 00:29:36,720
Speaker 3: If you couldn't hear that if you're with us on

616
00:29:36,760 --> 00:29:39,080
Speaker 3: the radio, so you agree that women should be in combat?

617
00:29:39,080 --> 00:29:42,600
Speaker 3: He said, I think they already are in combat. Rick,

618
00:29:42,680 --> 00:29:45,480
Speaker 3: does that sound like somebody who might be backing off

619
00:29:46,080 --> 00:29:48,400
Speaker 3: some of the harder lines he's taken in interviews and

620
00:29:48,480 --> 00:29:51,680
Speaker 3: commentaries before he actually found himself in the United States Senate.

621
00:29:53,040 --> 00:29:57,000
Speaker 7: I'd say, not just backing off, but full retreat. Yes,

622
00:29:57,160 --> 00:30:00,760
Speaker 7: declaring the obvious women are in combat. He said he

623
00:30:00,800 --> 00:30:04,080
Speaker 7: didn't want to have so Look, I mean, I think

624
00:30:04,120 --> 00:30:06,440
Speaker 7: that he's starting to figure out that the comments he

625
00:30:06,520 --> 00:30:10,000
Speaker 7: made before being nominated don't stand the test that he

626
00:30:10,120 --> 00:30:13,120
Speaker 7: needs to stand, so he's starting to clean some of

627
00:30:13,160 --> 00:30:15,640
Speaker 7: that up. I would think he would find something more

628
00:30:15,680 --> 00:30:19,360
Speaker 7: inventive and positive to say about women in combat. But

629
00:30:19,920 --> 00:30:22,600
Speaker 7: the fact that he recognizes that they are serving in

630
00:30:22,680 --> 00:30:26,479
Speaker 7: combat now is a huge step forward. And remember, the

631
00:30:26,520 --> 00:30:29,000
Speaker 7: people he's meeting with right now are the members of

632
00:30:29,000 --> 00:30:32,520
Speaker 7: the Armed Services Committee, the same people who are anxious

633
00:30:32,520 --> 00:30:36,840
Speaker 7: to see the National Defense Authorization Act pass And and

634
00:30:37,560 --> 00:30:39,440
Speaker 7: you know he's got to get through that committee before

635
00:30:39,440 --> 00:30:41,360
Speaker 7: he gets to the full floor. And so they're the

636
00:30:41,400 --> 00:30:45,080
Speaker 7: real tests, and margins will be slim just probably one

637
00:30:45,120 --> 00:30:49,280
Speaker 7: more Republican than the Democrats have, and so you want

638
00:30:49,320 --> 00:30:52,280
Speaker 7: to have that vote coming out of committee positive, at

639
00:30:52,360 --> 00:30:54,480
Speaker 7: least with all the Republicans on board. And of course

640
00:30:54,560 --> 00:30:57,640
Speaker 7: the biggest one on that committee that seems to have

641
00:30:57,840 --> 00:31:01,719
Speaker 7: real interest in working him through the paces is going

642
00:31:01,800 --> 00:31:05,120
Speaker 7: to be Tony ernst Centered from Iowa and another woman

643
00:31:05,160 --> 00:31:06,440
Speaker 7: who has served in combat.

644
00:31:07,640 --> 00:31:08,800
Speaker 4: That's right, Kristin.

645
00:31:08,840 --> 00:31:11,600
Speaker 3: When you read the tip sheets, the commentaries and op eds,

646
00:31:12,000 --> 00:31:14,040
Speaker 3: there is this feeling that hag Seth could be the

647
00:31:14,040 --> 00:31:16,760
Speaker 3: other one who doesn't make it much like Matt Gates.

648
00:31:17,120 --> 00:31:19,320
Speaker 3: Then again, we're hearing from a lot of Republican senators

649
00:31:19,320 --> 00:31:20,840
Speaker 3: who say they want to give him the benefit of

650
00:31:20,840 --> 00:31:23,600
Speaker 3: the doubt. That answer he just gave on women in

651
00:31:23,640 --> 00:31:25,920
Speaker 3: combat as a Democrat. Does that make you feel better

652
00:31:25,960 --> 00:31:26,719
Speaker 3: about this selection?

653
00:31:28,160 --> 00:31:30,280
Speaker 1: I don't think I feel good about a lot of things.

654
00:31:31,040 --> 00:31:36,040
Speaker 1: You know, from his mom's email to what he said

655
00:31:36,040 --> 00:31:38,440
Speaker 1: about women in combat. He was very clear before he

656
00:31:38,480 --> 00:31:42,040
Speaker 1: said women have no place in combat, and there's only

657
00:31:42,080 --> 00:31:44,320
Speaker 1: so much. I mean's clearly he's had to back off

658
00:31:44,360 --> 00:31:48,160
Speaker 1: and retreat from that position, as Zerk said, But you know,

659
00:31:48,680 --> 00:31:51,239
Speaker 1: he was very adamant about that, and it wasn't very

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00:31:51,280 --> 00:31:54,160
Speaker 1: respectful to women, are women in uniform who served this

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00:31:54,200 --> 00:31:56,680
Speaker 1: country well, And in addition to that, seemed like he

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00:31:56,800 --> 00:32:00,400
Speaker 1: was more making a problem where a problem didn't it

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00:32:00,520 --> 00:32:05,160
Speaker 1: already exists. So I'm glad that he's changed his tune

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00:32:05,160 --> 00:32:08,480
Speaker 1: on that. It's clear that that was important for him

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00:32:08,480 --> 00:32:12,600
Speaker 1: to do leading into these discussions with his with the

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00:32:12,760 --> 00:32:16,640
Speaker 1: Republican senators in particular. But does it make me feel better?

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00:32:16,720 --> 00:32:16,960
Speaker 7: Not?

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00:32:16,960 --> 00:32:18,360
Speaker 1: Not necessarily.

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00:32:19,440 --> 00:32:23,680
Speaker 3: Interesting Kristen to see Democrats conduct their leadership elections in

670
00:32:23,720 --> 00:32:27,080
Speaker 3: the Senate today, no big surprise is a guy named

671
00:32:27,160 --> 00:32:29,480
Speaker 3: Chuck Schumer will be the Democratic leader in the Senate.

672
00:32:30,080 --> 00:32:33,520
Speaker 3: Also Dick Durbin whip Amy Klobashar stepping into the number

673
00:32:33,520 --> 00:32:37,200
Speaker 3: three spot, which also forced the creation of a job

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00:32:37,280 --> 00:32:41,880
Speaker 3: for Corey Booker, a newly created position of Strategic Communications chair.

675
00:32:42,200 --> 00:32:44,840
Speaker 3: Does this team represent the new blood the Democrats need?

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00:32:46,360 --> 00:32:49,840
Speaker 1: I mean, I think that they've done a fairly good job.

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00:32:49,920 --> 00:32:52,560
Speaker 1: Chrey Booker has been a leader and one of the

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00:32:52,560 --> 00:32:55,720
Speaker 1: younger members of the Democratic Caucus in the Senate. I think,

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00:32:56,040 --> 00:32:59,360
Speaker 1: you know, if you look towards the House as well,

680
00:32:59,560 --> 00:33:03,920
Speaker 1: you've got some interesting potential changes in committee chairmanship or

681
00:33:04,080 --> 00:33:08,440
Speaker 1: ranking members, which is the top Democratic spot on each committee.

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00:33:08,800 --> 00:33:13,040
Speaker 1: The Republicans, I've long said, have a standing rule that

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00:33:13,160 --> 00:33:17,160
Speaker 1: you can only be a committee chairman or hold that

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00:33:17,200 --> 00:33:20,480
Speaker 1: top spot. For so long the Democrats have not had

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00:33:20,520 --> 00:33:23,720
Speaker 1: that in place, which has led to kind of stagnation

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00:33:24,440 --> 00:33:28,680
Speaker 1: on the committees, with younger members not being able to

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00:33:28,720 --> 00:33:30,640
Speaker 1: move up as easy in the ranks. And I think

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00:33:30,680 --> 00:33:33,560
Speaker 1: that you're seeing some potential movement on some critical committees

689
00:33:34,280 --> 00:33:36,360
Speaker 1: like Judiciary, potentially Agriculture.

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00:33:37,640 --> 00:33:39,320
Speaker 3: Rick, you were a creature of the Senate for many

691
00:33:39,400 --> 00:33:42,200
Speaker 3: years here and you saw Mitch McConnell hang on through

692
00:33:42,200 --> 00:33:44,920
Speaker 3: good times and bad. Are you surprised to see all

693
00:33:44,960 --> 00:33:48,080
Speaker 3: of these same names, essentially the old guard continuing on

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00:33:48,120 --> 00:33:49,400
Speaker 3: the Democratic side of the aisle.

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00:33:50,600 --> 00:33:55,080
Speaker 7: Yeah. Different from the House of Representative, Seniority still matters.

696
00:33:55,120 --> 00:33:58,800
Speaker 7: People who want to serve in leadership are kind of

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00:33:58,840 --> 00:34:03,000
Speaker 7: self selected. It's not for everybody in the Senate, and

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00:34:03,080 --> 00:34:07,920
Speaker 7: so I'm not surprised to see the sort of typical group.

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00:34:08,480 --> 00:34:13,600
Speaker 7: Ammy Klobuchar, very very well thought of Democrat, ran for

700
00:34:13,680 --> 00:34:17,560
Speaker 7: president and I'm glad to see Corey Booker taking a

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00:34:17,600 --> 00:34:21,239
Speaker 7: new role because he's i think been an underutilized democratic

702
00:34:21,320 --> 00:34:25,879
Speaker 7: asset and Republican has already gone through their leadership selections

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00:34:25,920 --> 00:34:29,480
Speaker 7: and fights, and we've got our team in place, and

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00:34:29,760 --> 00:34:35,120
Speaker 7: I would say, you know, really strong leaders on both

705
00:34:35,160 --> 00:34:37,720
Speaker 7: sides should be able to get something done in the Senate. Remember,

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00:34:37,800 --> 00:34:43,080
Speaker 7: last two years, the Senate has been surprisingly bipartisan by

707
00:34:43,200 --> 00:34:46,680
Speaker 7: anybody's estimation, and we'd hope that some of that can

708
00:34:46,719 --> 00:34:49,319
Speaker 7: continue into this first two years of the Trump administration.

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00:34:50,520 --> 00:34:53,480
Speaker 4: That is that is very true, Krista.

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00:34:53,520 --> 00:34:57,400
Speaker 3: We started talking this conversation about government funding and a

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00:34:57,400 --> 00:35:00,520
Speaker 3: potential shutdown. No one sees that happening the this year

712
00:35:00,600 --> 00:35:02,839
Speaker 3: or the beginning of next. A lot of people do

713
00:35:02,840 --> 00:35:05,120
Speaker 3: see it happening in March, though, when that next Continuing

714
00:35:05,160 --> 00:35:09,279
Speaker 3: Resolution concludes, right around the time we're talking about renewing

715
00:35:09,520 --> 00:35:12,480
Speaker 3: the Trump tax cuts and some of the other issues

716
00:35:12,520 --> 00:35:14,960
Speaker 3: dealing with the fiscal cliff. Do you see a shutdown

717
00:35:14,960 --> 00:35:15,480
Speaker 3: in the new year?

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00:35:17,000 --> 00:35:20,720
Speaker 1: I mean, I think that I won't speak for the Republicans,

719
00:35:21,320 --> 00:35:24,320
Speaker 1: but I think they would be loathed for that to happen,

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00:35:25,480 --> 00:35:28,040
Speaker 1: as the you know, one of the first things you know,

721
00:35:28,080 --> 00:35:31,640
Speaker 1: they do, as as you know, having control of both

722
00:35:31,680 --> 00:35:33,399
Speaker 1: the House, Senate and the White House, to shut down

723
00:35:33,440 --> 00:35:35,840
Speaker 1: the government. I think that there will be people in

724
00:35:35,880 --> 00:35:39,279
Speaker 1: their ranks who will want to use that, you know,

725
00:35:39,400 --> 00:35:42,560
Speaker 1: as a kind of a political football in order to

726
00:35:43,920 --> 00:35:47,600
Speaker 1: get some of the government cuts and other priorities through.

727
00:35:47,680 --> 00:35:50,920
Speaker 1: So I think that the Republicans was such a narrow majority,

728
00:35:50,920 --> 00:35:54,399
Speaker 1: particularly in the House, will eventually probably have to once

729
00:35:54,440 --> 00:35:57,520
Speaker 1: again come to democratic leadership and look for some of

730
00:35:57,520 --> 00:36:00,240
Speaker 1: the votes on the Democratic side to get any government fund.

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00:36:02,320 --> 00:36:05,839
Speaker 3: She is Kristen Hahn, Rock Solutions partner, democratic Strategisty, of course,

732
00:36:05,920 --> 00:36:09,640
Speaker 3: is Rick Davis, Bloomberg Politics contributor, Republican strategist and partner

733
00:36:09,640 --> 00:36:10,640
Speaker 3: at Stone Court Capital.

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00:36:10,680 --> 00:36:12,680
Speaker 4: Thank you both for a great conversation.

735
00:36:15,640 --> 00:36:18,839
Speaker 3: Thanks for listening to the Balance of Power podcast. Make

736
00:36:18,880 --> 00:36:21,799
Speaker 3: sure to subscribe if you haven't already, at Apple, Spotify,

737
00:36:21,920 --> 00:36:24,480
Speaker 3: or wherever you get your podcasts, and you can find

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00:36:24,560 --> 00:36:27,800
Speaker 3: us live every weekday from Washington, DC at noontime Eastern

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00:36:28,080 --> 00:36:29,520
Speaker 3: at Bloomberg dot com.