1 00:00:02,520 --> 00:00:07,040 Speaker 1: Bloomberg Audio Studios, podcasts, radio News. 2 00:00:07,800 --> 00:00:09,680 Speaker 2: We want to go now to Capitol Hill, where a 3 00:00:09,720 --> 00:00:12,160 Speaker 2: lot of these conversations are ongoing. I'm pleased to stay 4 00:00:12,240 --> 00:00:14,720 Speaker 2: joining us on Balance and Power here on Bloomberg TV 5 00:00:14,840 --> 00:00:19,599 Speaker 2: and Radio's Republican Senator Bill Haggerty of Tennessee. Senator, welcome back, 6 00:00:19,640 --> 00:00:21,680 Speaker 2: and there's obviously much we'd like to discuss with you, 7 00:00:21,720 --> 00:00:24,840 Speaker 2: including your new stable coin legislation. But if we could 8 00:00:24,880 --> 00:00:27,440 Speaker 2: first begin with tariffs, as that has dominated the news 9 00:00:27,440 --> 00:00:30,720 Speaker 2: cycle in the last several days, how are you viewing 10 00:00:30,800 --> 00:00:33,879 Speaker 2: what President Trump is actually using these levees for. If 11 00:00:33,880 --> 00:00:37,199 Speaker 2: it was just to extract concessions from Canada and Mexico, 12 00:00:37,280 --> 00:00:39,360 Speaker 2: or if this is really about raising revenue to pay 13 00:00:39,400 --> 00:00:40,160 Speaker 2: for tax guns. 14 00:00:41,040 --> 00:00:42,400 Speaker 3: Well, the answer is both. 15 00:00:42,440 --> 00:00:44,839 Speaker 4: But President Trump was very clear when he imposed the revue, 16 00:00:44,840 --> 00:00:47,720 Speaker 4: when he imposed the tarofts on Canada and Mexico, that 17 00:00:47,800 --> 00:00:50,480 Speaker 4: they needed to do something dramatic to stop the flow 18 00:00:50,520 --> 00:00:52,680 Speaker 4: of illegal migrants coming into our country, the flow of 19 00:00:52,760 --> 00:00:55,480 Speaker 4: ventnol coming into our country, the human trafficking that has 20 00:00:55,520 --> 00:00:56,160 Speaker 4: been the. 21 00:00:56,040 --> 00:00:57,720 Speaker 3: Primary and overarching concern. 22 00:00:58,240 --> 00:01:00,480 Speaker 4: And I've made it clear to my people that reached 23 00:01:00,480 --> 00:01:02,880 Speaker 4: out to me for both nations that it's clear there's 24 00:01:02,880 --> 00:01:03,800 Speaker 4: something they can do about it. 25 00:01:03,880 --> 00:01:05,480 Speaker 3: They need to step up, and frankly they have. 26 00:01:06,240 --> 00:01:08,440 Speaker 4: President Trump was clear about what he wanted to see happen, 27 00:01:08,680 --> 00:01:11,520 Speaker 4: and the Mexican government and the Canadian government, we're both 28 00:01:11,520 --> 00:01:13,720 Speaker 4: stepping up to stop the flow of funnel, to address 29 00:01:13,760 --> 00:01:16,960 Speaker 4: issues at their border, to maintain border security on their side, 30 00:01:17,120 --> 00:01:18,160 Speaker 4: and to be better partners. 31 00:01:18,200 --> 00:01:19,840 Speaker 3: That's what he's trying to accomplish, and I think that's 32 00:01:19,840 --> 00:01:20,560 Speaker 3: what he's achieved. 33 00:01:21,520 --> 00:01:23,760 Speaker 1: Well, you're, of course a former diplomat senator, as you 34 00:01:23,800 --> 00:01:27,679 Speaker 1: represented the United States as our ambassador to Canada, so it. 35 00:01:27,600 --> 00:01:29,959 Speaker 3: Gives you to Japan, forgive me. 36 00:01:30,000 --> 00:01:31,840 Speaker 1: We've been talking about a lot in Canada, a lot 37 00:01:31,880 --> 00:01:34,679 Speaker 1: here in that period of time. Now, that gave you 38 00:01:34,880 --> 00:01:37,440 Speaker 1: a unique view on these issues that maybe not all 39 00:01:37,520 --> 00:01:41,959 Speaker 1: lawmakers have. Are tariffs or threats of tariffs, the new 40 00:01:42,000 --> 00:01:44,080 Speaker 1: form of diplomacy in this administration. 41 00:01:44,920 --> 00:01:47,240 Speaker 3: Well, Joe, this is an important piece of context. 42 00:01:47,319 --> 00:01:49,880 Speaker 4: We've talked about it before, but the United States has 43 00:01:49,960 --> 00:01:53,600 Speaker 4: basically the lowest trade weighted tariffs in the world. Access 44 00:01:53,600 --> 00:01:56,480 Speaker 4: to our markets has been extraordinarily easy. 45 00:01:57,200 --> 00:01:58,600 Speaker 3: There's a historic reason for this. 46 00:01:58,640 --> 00:02:01,200 Speaker 4: For countries like Japan, countries in Europe whose economies were 47 00:02:01,200 --> 00:02:05,120 Speaker 4: devastated after World War Two. We aggressively made our economy 48 00:02:05,160 --> 00:02:07,920 Speaker 4: open to them so they wouldn't turn toward communism and socialism. 49 00:02:08,120 --> 00:02:09,320 Speaker 3: But we should have time limited that. 50 00:02:09,360 --> 00:02:11,280 Speaker 4: We should have put some sort of GDP per capital 51 00:02:11,320 --> 00:02:13,800 Speaker 4: limit on it, because what we have now are extremely 52 00:02:13,919 --> 00:02:16,520 Speaker 4: unfair and non reciprocal trade terms with many of our 53 00:02:16,520 --> 00:02:19,640 Speaker 4: trading partners. President Trump has been clearer, he's just trying 54 00:02:19,639 --> 00:02:21,720 Speaker 4: to bring a reciprocity to bear, trying to get. 55 00:02:21,639 --> 00:02:23,240 Speaker 3: Us to the table with an even deal. 56 00:02:23,680 --> 00:02:25,480 Speaker 4: A lot of these countries that don't want to address 57 00:02:25,480 --> 00:02:28,040 Speaker 4: this do so because they have a better deal now 58 00:02:28,160 --> 00:02:28,680 Speaker 4: than we do. 59 00:02:28,960 --> 00:02:29,639 Speaker 3: We're going to fix that. 60 00:02:29,720 --> 00:02:31,560 Speaker 4: President Trump has been clear about it, and I'm very 61 00:02:31,560 --> 00:02:33,920 Speaker 4: pleased to see him take decisive action in that regard. 62 00:02:35,120 --> 00:02:37,480 Speaker 2: Well, Senator, if we could leave the diplomatic hat on 63 00:02:37,560 --> 00:02:39,720 Speaker 2: for a moment longer. I do wonder what you make 64 00:02:39,919 --> 00:02:42,200 Speaker 2: of the efforts, or at least on the part of 65 00:02:42,240 --> 00:02:44,359 Speaker 2: Elon Musk. And he says he is the President's buy 66 00:02:44,400 --> 00:02:48,480 Speaker 2: in to dismantle USAID. What does that do to US 67 00:02:48,480 --> 00:02:49,200 Speaker 2: soft power? 68 00:02:50,480 --> 00:02:53,560 Speaker 4: Well, you've got a lot of significant problems at USAID. 69 00:02:53,720 --> 00:02:55,200 Speaker 4: Some of the things that have come to bear, some 70 00:02:55,200 --> 00:02:56,720 Speaker 4: of the things that have come to light in terms 71 00:02:56,720 --> 00:03:02,080 Speaker 4: of US taxpayer dollars going to Dei Initition's transgender surgeries 72 00:03:02,080 --> 00:03:04,560 Speaker 4: in Guatemala, things of this nature. I think the American 73 00:03:04,600 --> 00:03:07,280 Speaker 4: public is shocked. And the fact that we're basically taking 74 00:03:07,320 --> 00:03:09,640 Speaker 4: a pause, taking a very hard look and looking at 75 00:03:09,680 --> 00:03:12,160 Speaker 4: agencies like this that have basically gotten out of control. 76 00:03:12,480 --> 00:03:14,360 Speaker 3: I think the time has come. The American public are 77 00:03:14,400 --> 00:03:14,919 Speaker 3: ready for it. 78 00:03:15,040 --> 00:03:17,200 Speaker 4: That doesn't mean that we will not have AID programs 79 00:03:17,240 --> 00:03:20,080 Speaker 4: going forward, but you've got Secretary of State Marco Rubio 80 00:03:20,200 --> 00:03:22,720 Speaker 4: taking charge here. He's going to make certain that those 81 00:03:23,520 --> 00:03:27,320 Speaker 4: those AID programs go to advancing US interest and not 82 00:03:27,440 --> 00:03:31,760 Speaker 4: some of these wild eyed exploits that the previous administration 83 00:03:31,800 --> 00:03:34,800 Speaker 4: and administrations prior to that have been on the USAID. Again, 84 00:03:35,080 --> 00:03:37,920 Speaker 4: basically out of control organization. I'm glad to see it 85 00:03:38,000 --> 00:03:38,320 Speaker 4: rained in. 86 00:03:39,440 --> 00:03:42,160 Speaker 1: Well, we've seen some pretty interesting exploits on behalf of 87 00:03:42,160 --> 00:03:45,440 Speaker 1: DOGE and by Elon Musk. It's not just USAID, of course, 88 00:03:45,480 --> 00:03:50,040 Speaker 1: it's accessing the payment system inside the US Treasury Department. Senator, 89 00:03:50,080 --> 00:03:53,360 Speaker 1: and we understand that Musk is now a special government employee, 90 00:03:53,440 --> 00:03:55,600 Speaker 1: something that emerged in just the last couple of days 91 00:03:55,640 --> 00:03:58,760 Speaker 1: with the Education Department. Now the next target as a 92 00:03:58,800 --> 00:04:01,720 Speaker 1: senator providing advice and consent, would you like Elon Musk 93 00:04:01,720 --> 00:04:04,360 Speaker 1: to come up to Capitol Hill to endure a confirmation 94 00:04:04,480 --> 00:04:06,760 Speaker 1: hearing since this apparently is a government job. 95 00:04:07,600 --> 00:04:12,080 Speaker 4: Well, the special government employee classification is about one hundred 96 00:04:12,080 --> 00:04:14,120 Speaker 4: and thirty days. That allows people to come in from 97 00:04:14,360 --> 00:04:17,320 Speaker 4: the outside, often people that are very capable, as is 98 00:04:17,360 --> 00:04:18,480 Speaker 4: Elon Musk, to come in. 99 00:04:18,440 --> 00:04:20,080 Speaker 3: And provide special advice for the president. 100 00:04:20,279 --> 00:04:22,799 Speaker 4: It's a tool that has been used in administration's Republican 101 00:04:22,880 --> 00:04:25,760 Speaker 4: and Democrat. I'm glad to see this sort of expertise deployed. 102 00:04:25,800 --> 00:04:28,640 Speaker 4: Elon Musk obviously knows how to come in and streamline 103 00:04:28,680 --> 00:04:30,839 Speaker 4: operations and make things work more efficiently. 104 00:04:30,839 --> 00:04:33,279 Speaker 3: Look what he did at Twitter. So I'm very pleased 105 00:04:33,279 --> 00:04:34,480 Speaker 3: to see him step in and do this. 106 00:04:34,720 --> 00:04:37,520 Speaker 4: This doesn't require confirmation, it's not that type of position, 107 00:04:37,960 --> 00:04:39,920 Speaker 4: but he is offering his advice, and President Trump has 108 00:04:39,920 --> 00:04:43,440 Speaker 4: been clear where he wants to accept the advice. Where 109 00:04:43,440 --> 00:04:46,760 Speaker 4: he feels Elon musk efforts are warranted, He's going to 110 00:04:46,760 --> 00:04:47,360 Speaker 4: deploy him there. 111 00:04:47,400 --> 00:04:49,000 Speaker 3: I've talked with Elon about what he's doing. 112 00:04:49,080 --> 00:04:51,839 Speaker 4: I think he's got some very creative ideas about bringing 113 00:04:51,920 --> 00:04:55,120 Speaker 4: much needed efficiency and actually getting far higher return on 114 00:04:55,160 --> 00:04:57,679 Speaker 4: investment for the taxpayer dollum. 115 00:04:58,080 --> 00:05:00,400 Speaker 2: But is there a rule for Congress to place to 116 00:05:00,480 --> 00:05:04,760 Speaker 2: ensure that whatever access he's granted at Treasury, whether it's 117 00:05:04,760 --> 00:05:08,000 Speaker 2: to the payment system specifically or in other cases, that 118 00:05:08,040 --> 00:05:10,839 Speaker 2: it isn't going to interfere with the Treasury's usual business 119 00:05:10,880 --> 00:05:13,159 Speaker 2: of paying bondholders and conducting auctions. 120 00:05:13,960 --> 00:05:17,120 Speaker 4: Well, we certainly have oversight responsibility, Kaylee. We intend to 121 00:05:17,160 --> 00:05:20,000 Speaker 4: fully exercise that. That's not what I've talked with Elon 122 00:05:20,080 --> 00:05:23,320 Speaker 4: about doing. He's looking for efficiencies, ways to do things better, 123 00:05:23,800 --> 00:05:26,080 Speaker 4: to stop doing things that aren't advancing us interest, and 124 00:05:26,160 --> 00:05:28,200 Speaker 4: to do things that you doubled down on, things that 125 00:05:28,200 --> 00:05:31,760 Speaker 4: are going to become more and more productive for US 126 00:05:31,839 --> 00:05:36,200 Speaker 4: taxpayers and advance the American cause. It's not unusual at 127 00:05:36,200 --> 00:05:38,000 Speaker 4: all to take a pause to take a hard look 128 00:05:38,279 --> 00:05:40,800 Speaker 4: in survey what's happening inside these agencies. 129 00:05:40,839 --> 00:05:41,960 Speaker 3: I'm glad that he's doing it. 130 00:05:42,440 --> 00:05:44,000 Speaker 4: I think there's a lot of pro clutching going on 131 00:05:44,080 --> 00:05:47,240 Speaker 4: right now and a lot of expectation that something terrible 132 00:05:47,279 --> 00:05:48,720 Speaker 4: is going to happen. Know In fact, what I think 133 00:05:48,839 --> 00:05:50,440 Speaker 4: is we're going to see is a new wave of 134 00:05:50,480 --> 00:05:51,400 Speaker 4: efficiency coming. 135 00:05:51,279 --> 00:05:52,919 Speaker 3: From all of this, and I'm looking forward to it. 136 00:05:54,000 --> 00:05:56,480 Speaker 1: Well, just wait for the pro clutching to start when 137 00:05:56,520 --> 00:06:00,280 Speaker 1: you start debating taxes and reconciliation centator to ask you 138 00:06:00,320 --> 00:06:02,960 Speaker 1: about where all this stands, because these were supposed to 139 00:06:02,960 --> 00:06:05,719 Speaker 1: come as a package. Right, you'd extend the Trump tax cuts, 140 00:06:06,040 --> 00:06:08,159 Speaker 1: maybe get some of the other things that Donald Trump 141 00:06:08,320 --> 00:06:11,760 Speaker 1: had promised on the campaign trail, and offset those with 142 00:06:11,920 --> 00:06:14,839 Speaker 1: revenue from tariffs that had been promised during the campaign 143 00:06:14,880 --> 00:06:17,560 Speaker 1: as well. We talked to Scott Besson about that at 144 00:06:17,640 --> 00:06:22,320 Speaker 1: length before he was tapped to be the Treasury Secretary. 145 00:06:22,360 --> 00:06:24,920 Speaker 1: With tariffs put aside here, you still have to have 146 00:06:24,960 --> 00:06:28,040 Speaker 1: a debate over taxes, and as the House drags its 147 00:06:28,040 --> 00:06:30,800 Speaker 1: feet on this, I wonder if the Senate and your 148 00:06:30,880 --> 00:06:33,400 Speaker 1: new leader in John Thune might help to lead the way. 149 00:06:33,680 --> 00:06:34,560 Speaker 1: What's about to happen. 150 00:06:34,600 --> 00:06:37,400 Speaker 4: Well, Joe I met with John Thune last night a 151 00:06:37,440 --> 00:06:40,200 Speaker 4: group of us did We're continuing to advance the ball 152 00:06:40,240 --> 00:06:41,719 Speaker 4: on this very subject. 153 00:06:42,279 --> 00:06:43,360 Speaker 3: Again. We know the. 154 00:06:43,320 --> 00:06:46,880 Speaker 4: American public expects us to address the tax package and 155 00:06:46,920 --> 00:06:48,800 Speaker 4: where we're going to do that. We have a number 156 00:06:48,800 --> 00:06:50,320 Speaker 4: of other issues that we're trying to address at the 157 00:06:50,360 --> 00:06:52,760 Speaker 4: same time. How we do it from a process standpoint, 158 00:06:52,800 --> 00:06:55,920 Speaker 4: I'm much less concerned about. I think the concern is 159 00:06:55,960 --> 00:06:57,480 Speaker 4: that we get it done quickly, that we get it 160 00:06:57,520 --> 00:07:00,120 Speaker 4: done efficiently, and I'm optimistic that we will get get 161 00:07:00,160 --> 00:07:03,479 Speaker 4: it done despite the procedural back and forth between the 162 00:07:03,480 --> 00:07:04,279 Speaker 4: House and the Senate. 163 00:07:04,640 --> 00:07:06,160 Speaker 3: We're going to get it done and we're very focused 164 00:07:06,160 --> 00:07:06,400 Speaker 3: on it. 165 00:07:07,920 --> 00:07:10,400 Speaker 2: Senator, I'd like to talk about something else you're looking 166 00:07:10,400 --> 00:07:12,320 Speaker 2: to get done in the Senate, and that's new stable 167 00:07:12,400 --> 00:07:16,720 Speaker 2: coin legislation you've introduced alongside Senator's Lummus and jilibrand, calling 168 00:07:16,720 --> 00:07:19,000 Speaker 2: it the Genius Act. And I do wonder about the 169 00:07:19,040 --> 00:07:22,320 Speaker 2: timeline here. Is it your intent that this legislation be 170 00:07:22,440 --> 00:07:26,280 Speaker 2: pushed through before broader market structure legislation, for example that 171 00:07:26,320 --> 00:07:29,720 Speaker 2: maybewhere could sway through both the Banking and agg oriented 172 00:07:29,720 --> 00:07:30,840 Speaker 2: committees in both chambers. 173 00:07:31,600 --> 00:07:33,640 Speaker 4: Sure, and Kaylee, I'll add Senator Tim Scott, the chair 174 00:07:33,640 --> 00:07:35,680 Speaker 4: of the Banking Committee, is on this legislation with us. 175 00:07:35,800 --> 00:07:37,000 Speaker 3: We're very excited about it. 176 00:07:37,240 --> 00:07:38,880 Speaker 4: This is the first step and we're going to do 177 00:07:38,960 --> 00:07:41,640 Speaker 4: this first before we get to broader market structure, but 178 00:07:41,800 --> 00:07:44,160 Speaker 4: it's going to enable us to take a very positive 179 00:07:44,160 --> 00:07:47,200 Speaker 4: step in the direction of ensuring that the United States 180 00:07:47,560 --> 00:07:51,960 Speaker 4: is a positive environment for cryptocurrency technology. Stable coins is 181 00:07:52,080 --> 00:07:54,400 Speaker 4: one of these issues that I think the United States 182 00:07:54,440 --> 00:07:55,280 Speaker 4: can be a leader on. 183 00:07:55,600 --> 00:07:56,800 Speaker 3: It's time for us to do so. 184 00:07:56,840 --> 00:07:59,840 Speaker 4: Look, they're roughly twenty eight trillion dollars worth of stable 185 00:07:59,840 --> 00:08:03,000 Speaker 4: got transaction is taking place right now across the world. 186 00:08:03,160 --> 00:08:04,560 Speaker 3: We need to be a leader here in America. 187 00:08:04,640 --> 00:08:07,480 Speaker 4: This legislation allows us to do that, and I'm extraordinarily 188 00:08:07,560 --> 00:08:10,400 Speaker 4: optimistic that we're taking that lead. It's going to open 189 00:08:10,440 --> 00:08:12,440 Speaker 4: the door for many other positive things in the industry, 190 00:08:12,440 --> 00:08:14,640 Speaker 4: and I'm so excited to have my colleagues on both 191 00:08:14,680 --> 00:08:17,080 Speaker 4: sides of the aisle join me here. This is going 192 00:08:17,120 --> 00:08:19,280 Speaker 4: to be an important first step to opening up the 193 00:08:19,320 --> 00:08:20,239 Speaker 4: market here in America. 194 00:08:21,400 --> 00:08:26,239 Speaker 1: Senator President Trump is hosting Israeli Prime Minister Benjaminett Yahoo today, 195 00:08:26,240 --> 00:08:29,280 Speaker 1: the first world leader to visit the new president in 196 00:08:29,360 --> 00:08:31,440 Speaker 1: this second term. They're going to be holding a news 197 00:08:31,440 --> 00:08:33,560 Speaker 1: conference a little bit later on that we will carry 198 00:08:34,200 --> 00:08:37,800 Speaker 1: if you could put your diplomatic hat back on and 199 00:08:38,200 --> 00:08:40,400 Speaker 1: explore what these two are going to be talking about. 200 00:08:40,400 --> 00:08:42,200 Speaker 1: When it comes number one to a phase two and 201 00:08:42,240 --> 00:08:45,080 Speaker 1: a cease fire. But maybe more importantly this report by 202 00:08:45,080 --> 00:08:47,840 Speaker 1: the New York Times today that Iran is developing plans 203 00:08:47,880 --> 00:08:53,640 Speaker 1: for a faster cruider weapon based on intelligence here in 204 00:08:53,640 --> 00:08:56,400 Speaker 1: the United States. There are some who suggest this is 205 00:08:56,440 --> 00:08:59,720 Speaker 1: the time now to preemptively strike Iran while it's on 206 00:08:59,760 --> 00:09:01,880 Speaker 1: its Are you one of them? 207 00:09:02,280 --> 00:09:04,480 Speaker 4: Well, Joe, the last thing I'm going to do is 208 00:09:04,480 --> 00:09:07,280 Speaker 4: get ahead of the President and Prime Minister Netanyahu on 209 00:09:07,320 --> 00:09:09,320 Speaker 4: this very important strategic discussion. 210 00:09:09,640 --> 00:09:11,400 Speaker 3: But I'll say this, these two. 211 00:09:11,280 --> 00:09:13,319 Speaker 4: Gentlemen are not afraid to point to the real cause 212 00:09:13,320 --> 00:09:14,240 Speaker 4: of all this disruption in. 213 00:09:14,200 --> 00:09:15,360 Speaker 3: The Middle East, and that is Iran. 214 00:09:15,920 --> 00:09:20,280 Speaker 4: Their proxies, the Huthis, Hamas Hesbola, they've been behind all 215 00:09:20,320 --> 00:09:23,679 Speaker 4: of this disruption. But this is Iranian funding, Iranian technology 216 00:09:23,679 --> 00:09:25,839 Speaker 4: behind all of it. So I think the New York 217 00:09:25,880 --> 00:09:27,880 Speaker 4: Times is right to look at the cause here. Finally 218 00:09:28,480 --> 00:09:30,600 Speaker 4: you will see I think both gentlemen today who are 219 00:09:30,600 --> 00:09:33,880 Speaker 4: meeting talking about Iran as the proximate cause for this terrorism. 220 00:09:33,880 --> 00:09:37,240 Speaker 4: And what we've seen is Iran significantly weakened by the 221 00:09:37,280 --> 00:09:40,760 Speaker 4: actions of the Israeli government. What they've done in southern Lebanon, 222 00:09:40,800 --> 00:09:44,400 Speaker 4: taking hesbela down. What's happened in Syria I think is 223 00:09:44,440 --> 00:09:46,480 Speaker 4: significantly exposed and weakened Iran. 224 00:09:47,320 --> 00:09:50,640 Speaker 3: They are not the strong nation that they'd like us 225 00:09:50,640 --> 00:09:51,360 Speaker 3: to believe they are. 226 00:09:51,520 --> 00:09:54,600 Speaker 4: And I think you'll see a strong and united American 227 00:09:54,600 --> 00:09:56,560 Speaker 4: in Israeli front standing up to Iran. 228 00:09:56,600 --> 00:09:58,760 Speaker 3: But I won't go beyond the specifics at that point. 229 00:10:00,040 --> 00:10:01,160 Speaker 3: It's good to have you back, Senator. 230 00:10:01,160 --> 00:10:04,640 Speaker 1: We'll of course be listening when the bilateral news conference 231 00:10:04,920 --> 00:10:08,960 Speaker 1: begins after five PM. Bill Haggerty, the Republican Senator from Tennessee,