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Jul 30, 2024
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the i.r.a.ated 74,000 jobs in republican areas according to the firm compared to 27,000 jobs in blue districts. part of that is thanks to rural and semi rural districts that tend to secure land and access to labor outside of major cities. experts say a total repeal is unlikely. parts of the i.r.a. could be struck down. mona de jani said there could be stricter qualifications for the 7, $7,500 ev credit under the i.r.a. and guidance has yet to be clarified. bob keiff said the saber rattling around the law is casting a shadow on projects. these are capital intensintensi frank. lenders say this change could stall the projects. >> pippa, i want to ask, who could be the most impacted? >> first solar is the first of the i.r.a. they have been a big beneficiary from the i.r.a. law. they benefit from the tougher stance on china and the tariffs. they are exposed to the ev incentives and that could be the number one thing at risk. that $7,500 credit. that could impact rivian or tesla. in an unlikely scenar
the i.r.a.ated 74,000 jobs in republican areas according to the firm compared to 27,000 jobs in blue districts. part of that is thanks to rural and semi rural districts that tend to secure land and access to labor outside of major cities. experts say a total repeal is unlikely. parts of the i.r.a. could be struck down. mona de jani said there could be stricter qualifications for the 7, $7,500 ev credit under the i.r.a. and guidance has yet to be clarified. bob keiff said the saber rattling...
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Jul 23, 2024
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of the i.r.a. was an attempt is a, what we are going to do is focus billions of dollars on giving alternatives like offshore wind, electric vehicles instead of gasoline vehicles. that was a big part of what the biden administration was hanging his head on. this is what we achieved. even though that came out of democrats in capitol hill as well. going after that law in any way you could is significant. i don't know how successful he would necessarily be. that depends on congress. but, going after any pieces of that has ripple effect, at the very least of undermining the legacy that the biden administration once you have. >> chris in new mexico, democrat. >> good morning, my connection is really good so i will take my answer off the air but could you address the increase in bonding requirements for drilling on public lands and also the -- why the biden administration increased the royalty rate on reduction? thank you. >> good question. so, both of that came out of inflation reduction act of 2022 and
of the i.r.a. was an attempt is a, what we are going to do is focus billions of dollars on giving alternatives like offshore wind, electric vehicles instead of gasoline vehicles. that was a big part of what the biden administration was hanging his head on. this is what we achieved. even though that came out of democrats in capitol hill as well. going after that law in any way you could is significant. i don't know how successful he would necessarily be. that depends on congress. but, going...
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Jul 2, 2024
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what happened to i.r.a.? i was wondering -- my account at another time. >> well, you know, i prefer to let it run unless the stock is really sour because i just think, i don't want you to, investing for the long term in i.r.a. and i have to believe that what you saw in the stock will continue. otherwise, you take a loss and you take a loss but continue investing in your i.r.a. that's the best thing to do. let's go to nick in florida. nick. >> jimmy chill. question, when you help your children invest, is it more important to save up and give them a big lump of money when they get married or set them up early, literally an infant, pay the baby, with a small amount in dividend stocks, so we prepare them in a special way. what is more important? the size of the snowball or the height of the hill the compounds it? >> wow, i love that. first of all, i can't help my kids, because of my job, i'm not allowed to know what they are two, but what i always say to my kids is go make as much money as possible with half the
what happened to i.r.a.? i was wondering -- my account at another time. >> well, you know, i prefer to let it run unless the stock is really sour because i just think, i don't want you to, investing for the long term in i.r.a. and i have to believe that what you saw in the stock will continue. otherwise, you take a loss and you take a loss but continue investing in your i.r.a. that's the best thing to do. let's go to nick in florida. nick. >> jimmy chill. question, when you help...
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Jul 10, 2024
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formally awarded less than $2 billion there i.r.a.-related funding is. that accurate?t's about two months ago, is that accurate that you've only awarded $2 billion of the $42 billion out of i.r.a.? admin. regan: i'd have to get back to you. i don't have that number in front of me. mr. biggs: that's supposed to expire on september 30 and that's $27 billion in e.p.a. funding under the i.r.a. that still will not have beendy central nat -- disseminated. the reason that's important is because i want to note, if you have any in the pipeline that you're going to grant before the end of september 30, this if isial year? -- this if isial year? -- this fiscal year? or is that $2 billion in total, is that going to be it? can you find that out for me? admin. regan: i'm making the assumption, which i believe is true, is that it's going to be in the pipeline and pushed out before but let me be specific and get back to my staff on that. mr. biggs: i appreciate that very much. last question, last area is we've had three recent cases, one a little older, and that's the west virginia ca
formally awarded less than $2 billion there i.r.a.-related funding is. that accurate?t's about two months ago, is that accurate that you've only awarded $2 billion of the $42 billion out of i.r.a.? admin. regan: i'd have to get back to you. i don't have that number in front of me. mr. biggs: that's supposed to expire on september 30 and that's $27 billion in e.p.a. funding under the i.r.a. that still will not have beendy central nat -- disseminated. the reason that's important is because i want...
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Jul 26, 2024
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because of the i.r.a. >> yeah, i think it is a big challenge.you're scaling up companies and moving into the u.s., it is an easier place to raise large amounts of capital. i think the risk appetite there, if you like it a little bit stronger. when we talk to u.s. companies and i spent a lot of time in the u.s., this missing usissue is there with the i.r.a. and tax credits. this is a challenge all companies are trying to work around. inflation reduction act is one thing. i think in the uk, we still see a huge number of great companies come ing through. barclays has backed 40 million. we have sun swap which is decarbonizing cold storage in trucks or power in a.i. to optimize batteries. these are the companies that are coming through and can get scaled and really deliver world class growth and jobs and exports. >> thank you so much for bringing that report to us. really interesting. daniel at barclays. >>> let's talk u.s. politics because vice president kamala harris addressed the american federation of teachers convention slamming the policy agend
because of the i.r.a. >> yeah, i think it is a big challenge.you're scaling up companies and moving into the u.s., it is an easier place to raise large amounts of capital. i think the risk appetite there, if you like it a little bit stronger. when we talk to u.s. companies and i spent a lot of time in the u.s., this missing usissue is there with the i.r.a. and tax credits. this is a challenge all companies are trying to work around. inflation reduction act is one thing. i think in the uk,...
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Jul 13, 2024
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as i mentioned the bipartisan infrastructure law and the i.r.a. will add a significant extra boost to the forest service budget, around 30% extra forest management each year, to be honest, chief moore, i am frustrated how little these extra investments have moved the needle on the agency's performance metrics. i do appreciate last year was a banner year for the forest service in terms of acres treated. more than 4.3 million acres. thus a million acres more than the previous year and sets an agency record. some of your performance and metrics were less encouraging. your timber target for last year was 3.4 billion board feet. you missed that by about 260 million. you had a target of 16 improved water sheds. you only managed six. you told us before that it takes time to develop these projects and we should be patient. instead of continuing to ramp up in treatments, however, the agency's target is going down over the next two years. so one of the issues i hope we'll explore today is why the extorque funding provided by those two bills aren't translati
as i mentioned the bipartisan infrastructure law and the i.r.a. will add a significant extra boost to the forest service budget, around 30% extra forest management each year, to be honest, chief moore, i am frustrated how little these extra investments have moved the needle on the agency's performance metrics. i do appreciate last year was a banner year for the forest service in terms of acres treated. more than 4.3 million acres. thus a million acres more than the previous year and sets an...
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Jul 12, 2024
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we have a moment in the i.r.a.o sever traditional channels fs for inflation. it's the job of the fed to have a medial view and see those through. not asking them to get woke on climate but inhabit mandate for price stability and make of set of investments or not harm them thanks to fiscal policy that will lend towards price stabilization over time. what's really unhelpful for more housing? 5.5% interest rates putting mortgages where they are. if anything, the fed's current posture is that actively worsening a lot of the existing drivers of inflation. giving rise to larger questions about whether for these more supply-side drivers of inflation, interest rates are the right tool. >> jen, do you think renewables eventually become helpful towards inflation with what they cost now and the amount of money spent subsidizing the transition with getting very little in return? because we still, i think it's 1% less fossil fuels that the world uses now after 20 years and trillions of dollars. is that really going to stabilize
we have a moment in the i.r.a.o sever traditional channels fs for inflation. it's the job of the fed to have a medial view and see those through. not asking them to get woke on climate but inhabit mandate for price stability and make of set of investments or not harm them thanks to fiscal policy that will lend towards price stabilization over time. what's really unhelpful for more housing? 5.5% interest rates putting mortgages where they are. if anything, the fed's current posture is that...
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Jul 12, 2024
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will continue to do tax cuts or deficit spend ar ing or i.r.a.s long the rally continues, the more everybody one keeps going on the same side of the trade. >> in an election year as well as we talked about the pressures on the fiscal front. manish, thank you. manish singh at crossbridge capital. >>> coming up on the show, m&a is bouncing back in two particular areas. we'll te y wreft ts eak.ouhe aerhi it's hard to run a business on your own. make it easier on yourself. with shopify, you have everything you need to sell online and in person. you can have your inventory, payments, and customers in sync across all the places you sell. it doesn't have to be lonely at the top. join the millions to finding success on their own terms. start your journey with a free trial today. what is cirkul? cirkul is the fuel you need to take flight. cirkul is your frosted treat with a sweet kick of confidence. cirkul is the energy that gets you to the next level. cirkul is what you hope for when life tosses lemons your way. cirkul is your gateway back home. so what
will continue to do tax cuts or deficit spend ar ing or i.r.a.s long the rally continues, the more everybody one keeps going on the same side of the trade. >> in an election year as well as we talked about the pressures on the fiscal front. manish, thank you. manish singh at crossbridge capital. >>> coming up on the show, m&a is bouncing back in two particular areas. we'll te y wreft ts eak.ouhe aerhi it's hard to run a business on your own. make it easier on yourself. with...
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Jul 22, 2024
07/24
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letting the market do its thing, especially when it comes to what they've done with the chip act and i.r.aood job. that is not necessarily what most americans believe because of the inflation problem. if inflation continues to come down, you would have a more ac act activist administration. one of the things you can count on with president trump is less business regulation laying. it is interesting getting back to the question on federal reserve. does kamala harris think they should play a role more on climate change? >> steve liesman, thank you. >>> coming up on "worldwide exchange," more digest what this change means as we kickoff this new trading week. if you haven't already, follow our podcast on your favorite podcast app. much more "worldwide exchange" coming up after this. when we're young, we're told anything is possible... ...but only a few of us go out and prove it. witness the greatness of anna hall on a connection worthy of gold: xfinity mobile. only xfinity gives you the most powerful mobile wifi network, with speeds up to a gig in millions of locations. and right now, get up t
letting the market do its thing, especially when it comes to what they've done with the chip act and i.r.aood job. that is not necessarily what most americans believe because of the inflation problem. if inflation continues to come down, you would have a more ac act activist administration. one of the things you can count on with president trump is less business regulation laying. it is interesting getting back to the question on federal reserve. does kamala harris think they should play a role...
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Jul 5, 2024
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going to be a trader or someone that's just going to put away a portfolio, you know, in a 401(k) or i.r.a. and say, i'm going to look at it ten years from now or i'm going to look at my retirement. then, i'm going go wa different way than what i would do right now, because right now, until you lower -- the comment is, small stock growth. i think any small company that finances short, and small companies finance short, are going to be helped immediately by a rate cut. the tech companies are all financed long. either long-term bonds or equity, and it's really cheap for them in both cases. it's really the pain of this tightening and being felt by those smaller companies that have to roll over inventory and other loans at the bank level, and they need the relief, and until they get that relief, it's hard to see them joining in the tech parade. >> we're talking about momentum, of course, bryn, and it leads me to tesla, which is up -- hard to believe -- 27% this week. in one week. you own that stock. >> yep. i mean, it's a -- it's a sad time for the shorts, right, because it's like these people
going to be a trader or someone that's just going to put away a portfolio, you know, in a 401(k) or i.r.a. and say, i'm going to look at it ten years from now or i'm going to look at my retirement. then, i'm going go wa different way than what i would do right now, because right now, until you lower -- the comment is, small stock growth. i think any small company that finances short, and small companies finance short, are going to be helped immediately by a rate cut. the tech companies are all...
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Jul 23, 2024
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making such a broad statement again that it didn't include any funding that could be used from the i.r.a. so i still oppose the amendment. and with that, i yield back. the chair: the gentlewoman yields bafnlg the question is on the amendment offered by the gentlewoman from colorado. those in favor say aye. those opposed, no. in the opinion of the chair, the ayes have it. the amendment is agreed to. it is now in order to consider amendment number 13 printed in part b of house report 118-602. for what purpose does the gentlewoman from colorado seek recognition? ms. boebert: mr. chairman, i have an amendment at the desk. the chair: the clerk will designate the amendment. the clerk: amendment number 13 printed from part b of house report 118-602, offered by ms. boebert of colorado. the chair: pursuant to house resolution 1370, the gentlewoman from colorado, ms. boebert, and a member opposed, each will control phi minutes. the chair recognizes the gentlewoman from colorado. ms. boebert: thank you, mr. chairman. from day one of this regime, joe biden and kamala harris declared an all-out war o
making such a broad statement again that it didn't include any funding that could be used from the i.r.a. so i still oppose the amendment. and with that, i yield back. the chair: the gentlewoman yields bafnlg the question is on the amendment offered by the gentlewoman from colorado. those in favor say aye. those opposed, no. in the opinion of the chair, the ayes have it. the amendment is agreed to. it is now in order to consider amendment number 13 printed in part b of house report 118-602. for...
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Jul 9, 2024
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done but obviously it is scaled because of the bipartisan infrastructure law particularly under the i.r.a. there is $100 million set aside, one of the specific outcomes was technical assistance and we are using those resources to add a new consultation. >> any statutory limitations that you've run into that might make it harder for you to help communities? >> senator, not that i am aware of off the top of my head but happy to follow up with staff if there's anything we can do to make that better. >> the state department of transportation established the arizona smart fund which provided planning assistance in local match supports for cities, towns and counties that are seeking federal funding, how can they help state d.o.t.'s who establish programs to help them make grant applications more competitive like this arizona smart fund? >> thank you, i appreciate arizona's leadership in this space. i actually am where i am in my . career today because they helped a small town get $200,000 for sidewalks which may as well have been $200 million. i would love to reach out to your staff to figure o
done but obviously it is scaled because of the bipartisan infrastructure law particularly under the i.r.a. there is $100 million set aside, one of the specific outcomes was technical assistance and we are using those resources to add a new consultation. >> any statutory limitations that you've run into that might make it harder for you to help communities? >> senator, not that i am aware of off the top of my head but happy to follow up with staff if there's anything we can do to...
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Jul 17, 2024
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. >> it was biden that brought in the i.r.a.rice controls, insulin prices. >> why does the middle man get away with it? >> the pbms? very opaque business. >> i know that if you're a populist, you're not in favor of those companies. jd vance being populist. >> he wants to raise less corn and more hell. >> he wants to -- is there also a possibility of devaluing the dollar? >> he's not going to let the worker be sacrificed upon a cross of gold, if that's what you're asking. >> it's unclear what, if any, real influence he would have. vice presidents? >> well, yeah, but he's great copy, that guy. now, anybody who read "hillbilly elegy" knows what it's about is steel company consolidation that sold out the workers, and that brings in opioid addiction as there's no jobs, and i think that a prominent leftist gave me that book, saying, here is the manifesto for the left and it turns out to be the manifesto for the right? strange bedfellows, politics. >> it is truly an historic circular discussion about what we gave up for low prices in t
. >> it was biden that brought in the i.r.a.rice controls, insulin prices. >> why does the middle man get away with it? >> the pbms? very opaque business. >> i know that if you're a populist, you're not in favor of those companies. jd vance being populist. >> he wants to raise less corn and more hell. >> he wants to -- is there also a possibility of devaluing the dollar? >> he's not going to let the worker be sacrificed upon a cross of gold, if that's...
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Jul 24, 2024
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that's why we passed the i.r.a. to put more domestic investment in things like solar panels and batteries and things we desperately need. as to this question of end of life solar panels and i wholeheartedly agree we should recycle as much as we possibly can of everything we're using in this country. let me read this little fact about that. waste from end of life solar panels presents an opportunity to recover valuable materials and create jobs through recycling. according to the international renewable energy agency, by 2030 the cumulative value and end of life panels globally will be 450 million which is equivalent to the cost of raw materials currently needed to produce 60 million new panels. bringing panels to recycling saves space in landfills in addition to collecting raw materials. i'm in favor of recycling them and something we can accomplish and those are the facts and not a disinformation people, whatever it is. i wholeheartedly urge my colleagues to join me in opposing this amendment and i yield back. the
that's why we passed the i.r.a. to put more domestic investment in things like solar panels and batteries and things we desperately need. as to this question of end of life solar panels and i wholeheartedly agree we should recycle as much as we possibly can of everything we're using in this country. let me read this little fact about that. waste from end of life solar panels presents an opportunity to recover valuable materials and create jobs through recycling. according to the international...
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Jul 9, 2024
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we saw tremendous spending in the i.r.a. and other things. well, more government spending equates to higher inflation. that's not me saying it, that's economists all over the globe, understand that simple concept. we want to improve the quality of life of people and not make their appliances that they rely on every day less efficient, cost more, and in the case of dishwashers, having to pay for something that wore out three or four years ago. they're still paying on it. if you factor in the cost savings, folks, it's pennys a day. it's probably pennies a year. it gets into the less than $20 saves over the life of the appliance. that's not saving the american people money. so i urge my colleagues to support h.r. 7700, the stop the unaffordable dishwasher standards act, and let's protect affordability. and let's preserve the quality of life for americans. i reserve. the speaker pro tempore: the gentleman reserves. the gentleman from new jersey is recognized. mr. pallone: mr. speaker, can i inquire how much time is available on either side? the s
we saw tremendous spending in the i.r.a. and other things. well, more government spending equates to higher inflation. that's not me saying it, that's economists all over the globe, understand that simple concept. we want to improve the quality of life of people and not make their appliances that they rely on every day less efficient, cost more, and in the case of dishwashers, having to pay for something that wore out three or four years ago. they're still paying on it. if you factor in the...
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Jul 25, 2024
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but i guess the infrastructure and the chips and i.r.a., none of that hurt in terms of stimulating someany -- >> i was surprised the other day. a lot of that has not been spent, and i think it tells you that that kind of expenditure is really more about the public infrastructure over the medium term and the long run and probably doesn't affect business cycle-type dynamics that financial markets worry about quite as much, so yes, there's some public projects that move forward, but many others have not, and that's -- if i recall, it's a ten-year package, so it's a long fees on that. >> are you sticking with the cardinals? who are you close to now, the cubs or the reds? are you sticking with the cards? not great this year. >> i'm sticking with the cards. second place last time i checked. maybe they can pull it out and win the division here. >> all right. so, even though you're up there. all right. there's no -- indiana doesn't even have a team. that's sad, isn't it? >> they've got chicago teams. >> unfortunately for me, there's a fair number of cubs fans here. >> yeah. yeah. >> chicago tea
but i guess the infrastructure and the chips and i.r.a., none of that hurt in terms of stimulating someany -- >> i was surprised the other day. a lot of that has not been spent, and i think it tells you that that kind of expenditure is really more about the public infrastructure over the medium term and the long run and probably doesn't affect business cycle-type dynamics that financial markets worry about quite as much, so yes, there's some public projects that move forward, but many...
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Jul 17, 2024
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we think there is constitutionality issues with the proposed reforms in the i.r.a. we will have to see how that plays out. we do think it's harmful for innovation long-term and would really lining to have a transparent discussion about where the pricing is. you know, if we have great scientific innovation and nobody can access it or afford, it does our business no good. when we think about this, go back six years ago the average discount in rebate that was provided was about 26% of list price. today, it's getting close to 60% and that is not just j&j but the industry at large. we have to have a conversation where the discounts and rebates going because they are not getting to the patients. we impasse thighs and want to correct the situation folks on a month basis for chronic meds would pay $5 to $5 for a copay and now paying $75 to $100 have insurance premiums that are going higher. we need to address that and have a transparent conversation. >> are you saying it's the health insurance companies fault or the idea that medications are more expensive as you get drugs
we think there is constitutionality issues with the proposed reforms in the i.r.a. we will have to see how that plays out. we do think it's harmful for innovation long-term and would really lining to have a transparent discussion about where the pricing is. you know, if we have great scientific innovation and nobody can access it or afford, it does our business no good. when we think about this, go back six years ago the average discount in rebate that was provided was about 26% of list price....
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Jul 31, 2024
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but in addition to the $208 million investment into the volvo plant through the i.r.a., there's also been the announcement over the last year of a $100 million investment new d the oe to a company ficer: the senator from mississippi. mrs. hyde-smith: i ask that the quorum call be vitiated. the presiding officer: without objection. the clerk will report the motion to invoke cloture. the clerk: cloture the undersigned senators, in accordance with the provisions of rule 22 of the standing rules of the senate, do hereby bring to a close debate on the nomination of executive calendar number 710, meredith a. vacca, of new york, to be united states district judge for the western district of new york, signed by 17 senators. the presiding officer: by unanimous consent, the mandatory quorum call has been waived. the question is, is it the sense of the senate that debate on the nomination of meredith a. vacca, to be united states district judge for the western district of new york shall be brought to a close? the yeas and nays are mandatory under the rule. the clerk will call the roll. vote: th
but in addition to the $208 million investment into the volvo plant through the i.r.a., there's also been the announcement over the last year of a $100 million investment new d the oe to a company ficer: the senator from mississippi. mrs. hyde-smith: i ask that the quorum call be vitiated. the presiding officer: without objection. the clerk will report the motion to invoke cloture. the clerk: cloture the undersigned senators, in accordance with the provisions of rule 22 of the standing rules of...
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Jul 22, 2024
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and i was also very much involved in the i.r.a., in writing all of the energy portion of that.se pieces of policy that can work and should work. we're producing more energy than ever before in the history of our country, but the administration doesn't talk about that. i haven't heard kamala talk about it. and we've done some great things, but it's a balanced approach. and if you're not accepting a balance, then you're going a problem. >> senator, good morning, good to have you back on the show. you mentioned governor bashear and governor shapiro in the last couple of days as people who you would like to see at the top of the ticket, as you just said, yesterday, governor shapiro endorsed kamala harris, just a few minutes ago on this show, governor bashear of kentucky endorsed vice president harris at the top of the ticket. so now you are saying you are not running and your preferred choices have endorsed kamala harris. will you endorse vice president harris? >> well, i'll see what her platform is and her positions. i want to see where she lands on that, which is rational. and si
and i was also very much involved in the i.r.a., in writing all of the energy portion of that.se pieces of policy that can work and should work. we're producing more energy than ever before in the history of our country, but the administration doesn't talk about that. i haven't heard kamala talk about it. and we've done some great things, but it's a balanced approach. and if you're not accepting a balance, then you're going a problem. >> senator, good morning, good to have you back on the...