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- [00:00]
IBM AI Representative
So there's a lot of noise about AI, but time's too tight for more promises. So let's talk about results. At IBM, we work with our employees to integrate technology right into the systems they need. Now a global workforce of 300,000 can use AI to fill their HR questions, resolving 94% of common questions, not noise. Proof of how we can help companies get smarter by putting AI where it actually pays off, deep in the work that moves the business. Let's create smarter business. IBM,
- [00:33]
Bloomberg Announcer
Bloomberg Audio Studios Podcasts, radio news. You're listening to the Bloomberg Balance of Power podcast. Catch us live weekdays at noon and 5pm Eastern on Apple CarPlay and Android Auto with the Bloomberg Business app. Listen on demand wherever you get your podcasts or watch us live on YouTube.
- [00:55]
Joe Matthew
Yeah, I went into the wee hours last evening. I think they're still cleaning up statuary Hal after a record long State of the Union address. And so we're peeking out of one eye this morning in the nation's capital. And maybe that's the case around the country. How many people watch that thing? I can't wait to see the number last year was 36 million. Did 36 million or more sit through an hour and 47 minutes last night? If so, man, we've got something. So thanks for joining us. If you were up late, especially on the Wednesday edition of Balance of Power, we've got a full day of coverage planned for you on this day after the speech. No real insights into Iran last evening and definitely no announcement of strikes. So that story remains in play, as does the story about tariffs and of course, the president's hopes for a better economy in the new year. Of course, we know going into this speech that he was underwater on some pretty big issues. We talk about it every day here on Balance of Power on Bloomberg Radio, streaming live on YouTube right now. You can find us by searching Bloomberg Business News Live. We're always with you on Bloomberg Originals here from Washington as well, because affordability, of course, has been the mantra, right? We talk about it every day. And the president has found himself underwater in major polling from major firms. We talk about every day. We just had Cliff Young from IPSOS in here recently. It's not just the economy, the affordability issue, the stubborn last mile when it comes to inflation, or maybe it's a new mile when it comes to tariffs. But it's also immigration and the outrage that we've seen by so many in the country over the deadly shootings that took place in Minnesota, the call by Democrats to take the masks off, to put the badges and the IDs on and to get a judicial warrant if you want to knock down somebody's door. This is why, by the way, that whole situation is why the Department of Homeland Security remains shut this day after the State of the Union. So it's clear on the two big issues, pick your poll. The president has found himself struggling on the keys that got him the economy, affordability, if you will dare we use that word, and immigration. Now, knowing that that's where we stand in the public opinion polls. The president of the United States stands before the American people with this message.
- [03:14]
President Donald Trump
Our country is winning again. In fact, we're winning so much that we really don't know what to do about it. People are asking me, please, please, please, Mr. President, we're winning too much. We can't take it anymore. We're not used to winning in our country until you came along with just always losing. But now we're winning too much, can't take it anymore.
- [03:41]
Joe Matthew
And so the president wakes up to a new day having projected the golden age last evening before the American people and before a joint session of Congress. And that's where we start this morning with Bloomberg Washington correspondent Tyler ke, who was up late with us too. And she's back at it at 1600 Pennsylvania Avenue. Tyler, we can't take it anymore. No two hour speeches, not after this. What's the vibe at the White House today and what's the message that the administration is trying to frame coming out of this speech? Tyler?
- [04:10]
Tyler Kendall
Well, Joe, it's actually relatively quiet here at the White House today with the president having no public events after what is now considered to be the longest State of the union address in U.S. history. But it was very clear that President Trump had a go to make the focus all about domestic issues, despite foreign policy headlines really dominating the conversation here in Washington in recent weeks. I think it's fair to say considering that we do know and as you alluded to with recent polling, this White House has really been playing defense when it comes to affordability. And the president did that by touting prior accomplishments, Right. Really pushing ahead when it comes to those tax cuts under the one big beautiful bill. As it appears this White House is banking on larger refunds, more cash in consumers pockets as they head into the midterms. President Trump also doubled down on his tariff plans. We can talk about that a little later too. But it's really important to note that we didn't really get a lot of new policy proposals from the President. There was a nod to a potential new retirement savings plan for workers that do not currently have an employer sponsored one. Perhaps we'll get some more details on that, too. But a lot of the president's speech when it came to the economy and those affordability proposals seem to be geared at lawmakers to try to help him codify some of those ideas that we've already heard, including banning institutional investors from buying single family homes, as well as pushing forward his health care framework, which we haven't really heard that much about, considering that at the end of the year we were talking so much about what the future of health care and pricing would look like. Joe, as you well know, President Trump's plan is really centered on the idea of trying to shift federal subsidies to from insurance companies to American consumers. But this is going to be a key focus of the president's as we go forward. But it's important to note a lot of these plans don't really have that backing from Republicans in Congress. And there's only so much he can do with unilateral authority.
- [06:09]
Joe Matthew
Now. That's a perfect job putting structure around a nearly two hour long speech that hopscotch through a lot of topics. Tyler, thank you. And I want to just while Tyler put structure around this, I'm going to stay at 30,000ft here because the president started on the economy, right? Could have started anywhere, but it was affordability, right? It was inflation. America is back. Gas prices are down. The investments are up. Listen,
- [06:36]
President Donald Trump
the roaring economy is roaring like never before. One of the primary reasons for our country's stunning economic turnaround were tariffs. Mortgage rates are the lowest in four years and falling fast. American oil production is up by more than 600,000 barrels a day. Democrats are destroying our country. But we've stopped it just in the nick of time, didn't we?
- [07:01]
Joe Matthew
Oh, did you hear that turn at the end there? And that's important, Tyler. He started with affordability, knowing that a lot of people probably going to hear what the first 30 minutes of this thing before they either give up or go get some popcorn or go to bed. Things got a little darker in the second half of the speech, Tyler, when he started yelling at Ilhan Omar and others started calling Democrats crazy people. And those words were in the speech that was in the script, wasn't was
- [07:28]
Tyler Kendall
according to the prepared remarks that US Reporters received directly from the White House. And I think it's fair to say that there were very few moments of bipartisanship. We did see some moments, including when President Trump called for that legislation to pass that would curb insider trading in Congress, for example. But when it comes to immigration, that really seemed to be the main flashpoint between Republicans and Democrats. You mentioned that heated moment between Congresswoman Ilhan Omar and President Trump. And it was also interesting to hear the president call for the immediate resumption of funding for the Department of Homeland Security. This was one of the first State of the Union addresses to be conducted amid a partial government shutdown as we head into next week and hundreds of thousands of DHS employees could miss their first paycheck. But to hear the president talk about that without us getting any indication that we are any closer to a deal when it comes to curbs on Immigration and Customs Enforcement. This, of course, is going to be necessary as Democrats are really holding the line that they need to see some of those reforms. You spoke to a lot of them yesterday on Capitol Hill when it comes to the idea of de masking federal agents involved in immigration operations, also those new judicial warrant requirements. Because, Joe, at the moment, the most concrete change that we've seen have been the mandate for body cameras on federal agents. But again, that's not codified into law. Republicans have often pushed that things could be done through executive action, but Democrats are holding firm. They need to see that tangible legislation to get on board with reopening dhs.
- [09:06]
Congresswoman Maggie Goodlander
Mm.
- [09:07]
Joe Matthew
Tyler Kendall, perfectly walking us through what was discussed last evening. Tyler, interesting. In some cases, what was not in our remaining moment. We can start with China, by the way. I don't want that box truck to knock you over. If you're with us on YouTube, you got to love what happens on the North Lawn. Tyler, China, was that intentionally left out of the speech so the president didn't affect the summit in April?
- [09:28]
Tyler Kendall
Well, we can't say for sure. The White House hasn't commented, but pretty remarkable, Joe. This actually marks the first time in over two decades that a US President has hasn't directly addressed US Economic ties related to China. And as you're alluding to here, the timing is perhaps raising some questions as we look ahead to the next few weeks. And President Trump is set to come face to face with Chinese President Xi Jinping in Beijing, marking the first time that an American president will be in China since President Trump went last time in 2017. And there's a lot of talk here in Washington about how the president's leverage, his. His hand going into this meeting may be undercut in the wake of the Supreme Courts ruling against his IPA tariffs. Now, to be sure, there are still rather high rates against Chinese imports or analysts at Bloomberg Economics have crunched the numbers. It's around 21%. So you ask the administration, they say nothing's changed. But an interesting tidbit to pick up on that China was not mentioned last night.
- [10:28]
Joe Matthew
Yeah, absolutely. Tyler, great to have you back among the living today. Thanks for being with us here in the update. Live from the White House, our friend Tyler Kendall. I'm Joe. Matthew in Washington. Will have much more straight ahead. Stay with us on Balance of Power. We'll have much more coming up after this.
- [10:48]
IBM AI Representative
The thing about AI for business, it may not automatically fit the way your business works. At IBM, we've seen this firsthand. But by embedding AI across hr, IT and procurement processes, we've reduced costs by millions, slash repetitive tasks, and freed thousands of hours for strategic work. Now we're helping companies get smarter by putting AI where it actually pays off, deep in the work that moves the business. Let's create smarter business. IBM.
- [11:18]
Bloomberg Announcer
You're listening to the Bloomberg Balance of Power podcast. Catch us live weekdays at noon and 5pm Eastern on Apple CarPlay and Android Auto with the Bloomberg Business app. You can also listen live on Amazon Alexa from our flagship New York station. Just say Alexa played Bloomberg 1130.
- [11:37]
Kailey Leinz
We consider the topic of tariffs and what President Trump suggested he will do. Let's hear from President Trump in his own words on this subject. In the State of the Union last
- [11:45]
President Donald Trump
night, our nation is back, bigger, better, richer and stronger than ever before. I use these tariffs took in hundreds of billions of dollars to make great deals for our country both economically and on a national security basis. Almost all countries and corporations want to keep the deal that they already made. Right, Scott? Knowing that the legal power that I as president have to make a new deal could be far worse for them and therefore they will continue to work along the same successful path that we had negotiated before the Supreme Court's unfortunate involvement.
- [12:29]
Kailey Leinz
So for more on this subject and others, we turn live to Capitol Hill, where Republican Senator Steve Daines is joining us. He, of course, represents the state of Montana. Senator, thank you for being here on Bloomberg TV and radio. You have a seat on the Finance Committee. I know you pay attention to the issues of tariffs closely. The president said in his remarks last night, in addition to outlining the justification for tariffs, what he thinks it will do for the economy, he said congressional action will not be necessary in terms of pursuing further tariffs after the Supreme Court's ruling. Does that make you feel irrelevant, Senator?
- [13:03]
Senator Steve Daines
Well, the president does have other executive authorities he can deploy as relates to Tariffs. I spent most of my private sector career of 28 years before coming to Washington and running global operations. I worked for Procter and gamble for 13 years and an assignment over in China for six of those years. I was the software business, having offices in both Australia and Japan. So I've spent a lot of time looking at global operations, looking at trade. What the President is doing, he's really confronting some of the uneven playing fields have been around the world for many, many years. These tariffs are a tremendous means to a better end and that is confronting high tariff barriers in many countries as well as non tariff barriers. When you think about it, 95% of the world's consumers live outside the United States. And we think about the future of agriculture for beef, wheat, barley, soybeans, corn and so forth, as well as other exports of American products including Boeing aircraft. It's important we've got access to these markets because that really is where the future growth will be for American businesses.
- [14:06]
Joe Matthew
Well, Senator, I'm really glad to have you. I'm glad that you walked through some of your resume there because your service at Procter and Gamble as well as right now technologies is important to our audience here at Bloomberg TV and Radio. And it's why I'd love to hear more from you on the impact of a 15% global tariff that the President says he is pursuing specific to India. I know that you've been an advocate for strengthening US India trade partnerships and I wonder if 15% puts a US India trade deal in jeopardy.
- [14:37]
Senator Steve Daines
Well, I was just over in in Delhi three weeks ago. I was in fact the new great Ambassador Sergio Gore, who just started his assignment there. I was his first congressional visitor and I've done business with India for many years. It was very important that we were able to stick the landing between Prime Minister Modi as well as President Trump when they came to agreement. An 18% number was about two weeks after I came back from Delhi. The India market is incredibly important. The India relationship is incredibly important. India now of course is the most populated nation in the world, surpassing China. They're growing at about 7% in their GDP numbers. So it's a big market, big growth and look at longer term demographics and be a very strategic market and partnership for the United States, particularly in a part of the world where we need to pull countries like India and others on the Pacific Rim close to the United States as we think about broader strategies.
- [15:37]
Kailey Leinz
Well, so clearly the President's trade policies have implications for relationships with other countries, India being one. But I'd Also like to get into the potential impact here at home. As we know, polling shows us that Americans perceptions of the economy right now, Senator, are less than stellar under Republican stewardship. I know you are no longer in charge at the NRC this cycle at least, but given that you, you know how difficult it is to look at a map and make and look to see where you can defend, where you can go on offense. Do policies like this make it harder for Republicans to confidently say they can retain the majority in November?
- [16:12]
Senator Steve Daines
Well, midterms are just always tougher whenever you are the party in power in the White House, that's, that's been the case. No matters Democrat or Republican. But face it though, you know, we were dealt a tough hand coming off the Biden years with massive inflation, that much of that was caused by the incredibly large stimulus bills, these multitrillion dollar stimulus bills that we fought hard against. In fact, Lawrence Summers, Clinton's former Secretary of treasury, warned Democrats this would be inflationary, and indeed it was. Now we've got inflation numbers like 2.4%. Definitely inflation has come down, but still stuck with some of these fundamental issues of expensive houses and expensive clothes, expensive groceries. But what are we going to do about that? A couple of things. Number one, President Trump has unleashed certainly more Made in America energy. We've seen gas prices now the lowest in five years. That's an important win for the American people. Something you're reminded of usually weekly when you're gassing up your vehicle. Vehicle number two, when you address affordability. Part of the affordability equation is getting more money in the pockets of the American people. And we've seen that with the working family tax cut bill is just now starting to go into effect. These are new tax laws that started in 2026. The average U.S. family is going to see about a $3,700 a year benefit from lower taxes. Of course, that's Social Security. No tax for 90% of seniors. And Social Security will be affected by that tax. The no tax on tips, the no tax on overtime. What are some of the benefits that have yet to be realized by the American people? They're going to see more of that as you get close to the election. So affordability is not just reducing prices, but also providing more dollars in the paychecks, the American people to close that gap.
- [17:50]
Joe Matthew
You know, it's interesting when we talk about affordability and the impact that tariffs may or may not have on inflation. And we've seen inflation kind of hanging around this very stubborn spot a little over 2% going back to when the president took office. It hasn't really changed a lot in the last year. And when you hear from the likes of Procter and Gamble aforementioned expecting tariffs to cost some $400 million after taxes in fiscal 2026. How do you get to that last mile, Senator, to where consumers are more comfortable going to the store?
- [18:25]
Senator Steve Daines
Yeah, well, it's again, we're encouraged by the reduction we're seeing in energy price. Really important part of a family budget is what's the price at the gas pump. And again, you're going to see more dollars, net dollars ending up in the American people's paychecks as these tax cuts kick in. The problem is it's early. You know, you haven't seen that yet kick in is the full extent that's coming. And I think that will be part of helping mitigate the, you know, the high inflation years that we inherited from the Biden administration.
- [18:57]
Kailey Leinz
Well, Senator, you've referenced lower gas prices and energy prices overall a few times and I wonder how much that could be disrupted by what could potentially happen in the Middle east as the president is openly suggesting if diplomacy does not work, we could see military action in Iran that could threaten to disrupt supply coming out of that region. Senator, do you think that is advisable given what you are saying on how lower energy prices are key to the economic pitch here?
- [19:23]
Senator Steve Daines
Well, we're in such a different position now than we were many years ago. Yeah, you go back to the, the war of yom Kippur in 1973 when you had Arab countries, the oil embargo. You saw a quadrupling of price of oil. It created massive inflation. A 30 year fixed mortgage back in 1981 was 18.6%. What's true today though is that we've decoupled are our country from, from many of the, you know, the global markets as it relates to oil. We were overly dependent on the Middle East. Today the United States is the largest producer of oil and oil derivatives in the world and that helps soften the blows if there is any kind of connectivity activity going on in Iran. So I'm not as concerned about what happened oil prices given the fact that we have done a stellar job thanks to President Trump and the American energy industry of becoming much more self deficient, self sufficient and we are now energy dominant. We are an exporter of energy where once upon a time we were a net importer.
- [20:23]
Joe Matthew
To follow on that, Senator Daines, what should be the trigger for a strike against Iran?
- [20:30]
Senator Steve Daines
Well, that's a That's a heady question. I'll tell you. The president I know is looking at all options. I've spent a fair amount of time in the Middle East. One thing I do know is you can't trust the current Iranian regime. They are the leading sponsor of terror in the world. This regime that preaches death to America. They call the United States the big Satan. They call Israel the little Satan. I don't trust this regime. There's one thing this regime does understand and respect, and that's that strength, and that's force. So I know there's a lot of variables, a lot of consideration the president has to take into account, but I do not trust the current regime. I was at the Munich Security Conference here a week and a half ago. There were 200,000 Iranians protesting against the current regime in the streets of Munich, Germany. It was an incredible sight. So there's a lot of energy right now to change the regime in Tehran. Most Iranians are pro west, pro American. But you've got a regime, they're tyrants. They're brutal. They're going to be hanging students. I understand here in the next 48 hours. They've been probably testing. This regime needs to go. The Iranian people need to have the ability to topple that regime. That's not for the United States to do. That's about the Iranian people. But I know President Trump is playing hardball right now with the Iranian regime, as he should.
- [21:50]
Joe Matthew
No, I wonder if that hanging might end up being the trigger. Senator, it's great to have you back and we appreciate your insight. Steve Daines, Republican from Montana with us live from Capitol Hill on this day after the State of the Union address. We'll hear from a Democrat later this hour in Maggie Goodlander, the congresswoman from New Hampshire, will join us. Stay with us on Balance of Power. We'll have much more coming up after this.
- [22:15]
IBM AI Representative
The thing about AI for business, it may not automatically fit the way your business works. At IBM, we've seen this firsthand. But by embedding AI across hr, it's and procurement processes, we've reduced costs by millions, slash repetitive tasks and freed thousands of hours for strategic work. Now we're helping companies get smarter by putting AI where it actually pays off, deep in the work that moves the business. Let's create smarter business IBM.
- [22:46]
Bloomberg Announcer
You're listening to the Bloomberg Balance of Power podcast. Catch us live weekdays at noon and 5pm Eastern on Apple CarPlay and Android Auto with the Bloomberg Business app. Listen on demand. Wherever you get your podcasts or watch us live on YouTube.
- [23:02]
Kailey Leinz
I am Kailey Leinz alongside Joe Matthew here in Washington, where we are fresh off the president's State of the Union address, where we were looking for clues on a number of subjects relevant to financial markets and the economy. Affordability, of course, was looming large, but geopolitical issues did feature as well. Specifically, when it comes to Iran, amid an amassing of military force from the United States to Iran, the Middle east, knowing that diplomacy is still being given a chance here, if you listen at least to President Trump, there are going to be talks in Geneva once again tomorrow between the US And Iran. Jared Kushner and Steve Witkoff, envoys for the president will be participating in those. But President Trump made it pretty clear that if diplomacy does not prevail, he is not going to hold back from taking action. As he described the threat from Iran, which he also looked back on the attack back in June that the U.S. conducted on Iran's nuclear capabilities. Specifically, this is how the president characterized the situation last night after Midnight Hammer,
- [24:06]
President Donald Trump
they were warned to make no future attempts to rebuild their weapons program, in particular, nuclear weapons. Yet they continue starting it all over. We wiped it out and they want to start all over again and are at this moment again pursuing their sinister ambitions. We are in negotiations with them. They want to make a deal. But we haven't heard those secret words. We will never have a nuclear weapon. My preference is to solve this problem through diplomacy. But one thing is certain. I will never allow the world's number one sponsor of terror, which they are by far, to have a nuclear weapon.
- [24:48]
Joe Matthew
That's where we start our conversation with an important voice from Capitol Hill and from the national security space in Congresswoman Maggie Goodlander, the Democrat from New Hampshire joins us now live on Bloomberg TV and radio. And Congresswoman, it's great to see you. Welcome back to Bloomberg. Of course, a member of the Armed Services Committee and small business, for that matter. I note your status as a military veteran, a former naval officer, an intelligence officer who was also an advisor in the national security space. Now, you represent a state that is very sensitive to the military community in New Hampshire. Do you believe that strikes against Iran are inevitable?
- [25:29]
Congresswoman Maggie Goodlander
Well, thanks so much for having me. You know, as I listened to the president last night, it was really hard to square his statements with the way that he's conducting himself when it comes to Iran. We know that decisions about war and peace, these are the most consequential decisions that a person in public trust, that a position of public trust could ever make. These are questions about American lives and about American taxpayer dollars. The President has not yet been clear about what his objectives are in Iran. What are our goals here? He said again last night that Iran's nuclear program has been obliterated. So it doesn't quite square up with what his objectives might be. You know, the President has not answered the question of what he would be prepared to do. And the reason that the Constitution entrusts Congress with the power to declare war and with important war making powers is to be a check and to make sure that we get the answer right. That's exactly why we have the War Powers Resolution and why Presidents rely on the check of Congress and the blessing of Congress before proceeding with these most consequential questions. And the final thing that he hasn't answered is what comes next. And look, the American people do not want to be in another forever war that's going to cost us in American lives and in taxpayer dollars. So these are basic questions that the President has not given clear answers to. And that's a huge problem.
- [27:01]
Kailey Leinz
Well, so when we consider the American lives, knowing that more Americans have been deployed to the region, the Financial Times had reporting today citing an insider with the Iranian regime suggesting that Iran, and this is a quote, would move toward escalation, targeting anything within reach from US Bases to the Strait of Hormuz and American warships in response if attacked. If you're on an American warship in that region right now, Congresswoman, are you prepared to withstand such an attack? Is it inevitable that if Iran were to choose that course of action in response, that we would see the loss of American life?
- [27:37]
Congresswoman Maggie Goodlander
Look, we have the, the greatest and most powerful military in the history of the world. The United States military is extraordinary, extremely capable, unmatched right now. But the fact that reading in news reports, I'm a member of the Armed Services Committee and I'm getting my best information from news articles about what the terms of the debate are here, what our objectives are, what our military planning looks like. And from news reports, I think there is understandable and grave concern about what the range of military options could look like. You know, this is, this is why Congress is a check for the President. This is why the President should come to Congress. His power to wage war is not boundless, just like his power to wage trade wars and to tax the American people with tariffs is not boundless. And he was reminded of that last week. And it would be wise for him to come to the Congress and to have a real conversation about what our objectives here. Because the truth is there is strong bipartisan support for the basic proposition that this Iranian regime, which is a brutal and determined enemy of the United States, should never get a nuclear weapon. There is strong bipartisan support for that proposition. But the way the President has chosen to go about this, and you saw it on full display in his State of the Union last night, which was the most divisive State of the Union in American history, in addition to being the longest. He's not building consensus on an issue that really needs buy in from both branches of, of our government that are entrusted by the American people and our Constitution with war powers.
- [29:26]
Joe Matthew
Well, so you're not being briefed on anything. Congresswoman, as a member of the Armed Services Committee, which tracks with everything we've heard from other members of the committee, even on both sides of the aisle. This is limited to the Gang of Eight, I guess, so far. What do you then make with just based on your experience and what you're hearing in Washington, what do you make of the conventional wisdom that no nation, including this one, has ever assembled this much military might in one place without using it?
- [29:54]
Congresswoman Maggie Goodlander
Well, I'm a student of history and history has got to be our guide. But, but in my job now, I'm a congresswoman who is going to demand answers from a president who is refusing to recognize our role under this Constitution in questions of war and peace. And what I know for sure is that the American people do not want to go into another forever war. They don't want to put the lives of American service members and their taxpayer dollars on the line for a half baked and frankly unclear strategy. And it doesn't have to be this way. And, and it's always the right time to do the right thing and I hope the President will do that.
- [30:39]
Kailey Leinz
Well, Congresswoman, as we consider where American tax dollars are directed, there is not a dollar right now going to funding the Department of Homeland Security, which remains shut down now for a 12th day amid a dispute between your party and the White House over reforms to ice. Do you see an end in sight here, Congresswoman? Because as you cite, needing to see news articles to see what is happening with regard to Iran. I don't even think there are many news articles that can say definitively that there's been any progress made in these talks. Are the talks even happening between your leadership and the administration?
- [31:13]
Congresswoman Maggie Goodlander
Well, the first thing to say is there is no reason we have agreement on funding all of the law abiding components of the Department of Homeland Security. There is no reason, good reason, other than to cause Unnecessary pain to hardworking federal public servants for the speaker to
- [31:34]
Joe Matthew
have
- [31:36]
Congresswoman Maggie Goodlander
hit the gavel and sent the House of Representatives home today without funding tsa, FEMA and the vast majority of the Department of Homeland Security, which is not at issue here. The issue here is really about putting into place common sense guardrails common sense checks on the powers that ICE and CBP have been exercising in communities across this country. Unchecked powers. You know, in yesterday, what happened in the state of New Hampshire I think really should be a model for the rest of the country. We, we learned in press reports at the end of December that ICE had launched a nationwide campaign to commandeer industrial warehouses to warehouse human beings. And quickly and with one voice, Republicans and Democrats in every corner of our state spoke out against this. To say you cannot proceed with this kind of expensive, questionable, un American plan without the consent and without the buy in of local communities. And yesterday we were victorious in this campaign. These are the kinds of common sense checks that the American people need and deserve from federal law enforcement. Public safety at the end of the day depends on public trust. And public trust is impossible when you have a federal law enforcement apparatus that is sending masked agents into our communities, shooting American citizens dead in broad daylight, defying the fourth Amendment by breaking into Americans homes without judicial warrants, surveying our communities in ways we've never seen before except in other countries. I mean, what we are asking for are common sense guardrails that have the, the overwhelming support of the American people. And it is a decision that the speaker and the President have made to, to inflict pain on public servants who are, who shouldn't be working a day without a paycheck at the same moment that members of Congress are getting paid without actually doing their jobs. Which is why I will never accept a paycheck when any public, federal, public servant is, that is in, is at risk of working without pay. It's just dead wrong. The incentives are backwards and we've got a bipartisan bill to fix that. But in the meantime, there is a path and this is the work of legislating. We've got to keep trying to build support to get on it, but it does very much exist. It's very clear to me.
- [34:17]
Kailey Leinz
All right, Congresswoman, thank you so much for joining us. Democratic Congresswoman Maggie Goodlander of New Hampshire.
- [34:26]
Joe Matthew
Thanks for listening to the Balance of Power podcast. Make sure to subscribe if you haven't already, Apple, Spotify or wherever you get your podcasts. And you can find us live every weekday from Washington D.C. at Noontime eastern@bloomberg.com the news doesn't stop on the weekends.
- [34:44]
Kailey Leinz
Context changes constantly and now Bloomberg is the place to stay on top of it all.
- [34:49]
Joe Matthew
Hi, I'm David Gura. Join us every Saturday and Sunday for the new Bloomberg this Weekend.
- [34:54]
Tyler Kendall
I'm Christina Raffini.
- [34:55]
Bloomberg Announcer
We'll bring you the latest headlines in
- [34:57]
Kailey Leinz
depth analysis and big interviews, all the stories that hit home on your days off. And I'm Lisa Mateo. Watch and listen to Bloomberg this weekend for thoughtful, enlightened conversations about business, lifestyle, people and culture.
- [35:10]
Joe Matthew
On Saturday mornings, we put the past week's events into context, examining what happened in the markets and the world.
- [35:16]
Bloomberg Announcer
Then on Sundays, we speak with journalists, columnists and key political figures to prepare you for the week ahead.
- [35:22]
Kailey Leinz
Join us as soon as you wake up and bring us with you wherever your weekend plans take you.
- [35:26]
Joe Matthew
Watch us on Bloomberg Television, listen on Bloomberg Radio, stream the show live on the Bloomberg Business app, or listen to
- [35:33]
Kailey Leinz
the podcast that's Bloomberg this Weekend.
- [35:35]
Bloomberg Announcer
Saturdays and Sundays starting at 7am Eastern on February 28th.
- [35:39]
Congresswoman Maggie Goodlander
Make us part of your weekend routine
- [35:42]
Kailey Leinz
on Bloomberg Television Radio and wherever you get your podcasts.
- [35:50]
Congresswoman Maggie Goodlander
People who didn't do what Joan of Quad wanted them to do, they usually disappeared.
- [35:58]
Kailey Leinz
John of God was once Brazil's most famous spiritual healer, but in this limited series podcast we uncover the darker truth behind his global empire of faith and fear. From exactly right and adonde Media, this is Two Faced John of God. Listen on the iHeartRadio app, Apple Podcasts or wherever you get your podcasts.