but it is important. it's incredible, and you've done it in a very bipartisan way, which is very nice, and i want to congratulate you and everyone else. i'm going to read a few names because these people worked hard. this is all about the dodd-frank disaster, and they fixed it, or at least have gone a long way toward fixing it. mike crepo, thank you very much. steve deines, thank you, steve. john kennedy. >> i'm john king. welcome to "inside politics." we're going to leave the white house live now. the president signing a piece of legislation that lays back some of the dodd-frank issues. but the dramatic news he made today, the president of the united states abruptly cancelling his plans for a nuclear summit with kim jong-un, the leader of north korea. that meeting was scheduled for june 12 in singapore, the

president releasing a letter he sent to the dictatorship saying, sorry, that meeting is canceled. the president saying, i was very much looking forward to being there with you. sadly, based on the tremendous anger and open hostility displayed in your most recent statement, i feel it is inappropriate at this time to have this long-planned meeting. therefore, please let this letter serve as a cancellation. the national security team is up late in an emergency meeting because of this. let's go straight to our white house now, jeff zeleny. jeff, the president says the summit is off, but oddly enough, in his remarks, he said while he's sad this is happening, it's possible still that depending upon north korean reaction, it could be put back into place. >> and that is key. the tone of the letter he wrote to kim jong-un and the words we just heard there, i think, are

very important in all of this. this is not the same rhetoric or volume that he was using months ago and he was calling kim jong-un a rocket man. they are intentionally keeping the same open door policy, if you will. we've heard this same thing from secretary of state mike pompeo on capitol hill all morning long. so they are very much in the mind of keeping open the possibility of this meeting happening again. but at the same time, we heard the president tlt he has alerted -- putting north korea on notice that the u.s. is not going to be softer or backing down on nuclear possibility. what led up to this, i am toshlgsd the u.s. became very worried about this e. they were not able to hear skpr get

contact with people in the regime. they were not believing that north korea would be -- would not be going through this. the president thought he would fly over there and essentially be stood up. so the white house in the last 24 hours or so has been very worried about this. the president, we're told, made this decision this morning himself. yes, it was partly because of the threatening language of the vice president. it was more than that. we were told that north korea was not ready to negotiate. the tdetails of what would happn in the meeting simply had not been worked out. so, john, we've seen the president so eager for this meeting to happen. ever since he walked into that briefing room on march 8, he wanted this to happen.

he's been saying he was so eager for it to happen, you have to wonder if they got ahead of themselves here and this is an attempt to pull back before it was too late. john? >> excellent way to characterize where we stand right now. the uncertainty at the white house. jeff zeleny, thank you. here in the studio, julie hirschfeld davis of the "new york times." it is a wow moment in the sense that both leaders wanted this. kim jong-un wanted to be in the room with the president of the united states. that in itself would have been history for the regime. president trump thought he could do what no past president could do, get north korea to the bargaining table and somehow get a deal to denuclearize, although their president got a little squishy about the standards in recent days. i want to say this is pyongyang's fault. they had a very belligerent statement yesterday criticizing the vice president, threatening

war, and we know you don't get anywhere that way. there were some here that were nervous about the president going in there, worried that he would cut a deal way below the bar. >> you don't sit the presidents across from each other until you get there, and clearly one of the most basic issues were not solved before the president made this announcement. lo and behold, north korea does not change, does not turn on a dime, nor does the u.s.'s core of national interests. it didn't suddenly discover it doesn't need nuclear weapons for its basic survival. for the president to have raised expectations to the point, saying, listen, i'm in charge here, i got it. we can sit and work this out. it was a little unrealistic and you're seeing that now with the president and them realizing, hey, this is not the time for the summit. it's an enormous setback for

north korea and the world, because remember where we were in the weeks and months leading up to these talks. fire and fury we were reporting just a few weeks ago. the prospect of war on the korean peninsula, we're not necessarily back there to that point today, because the president does leave the opening for talks going forward, but we've certainly taken a step back, and there are real consequences to this. >> and real questions, which is why the south korean national security team is meeting -- it's past midnight there now -- because the question is now north korea has been behaving in recent weeks. no missile tests, no nuclear tests, much more reduction. the u.s. faced an appalling tragedy it never experienced or expected until now. without knowing who he was facing, pence should have

considered the terrible consequences of his words. whether the u.s. will meet us at a meeting room is entirely dependent upon the decision and behavior of the united states. if you've followed this story the past 25 to 30 years, particularly the last five or six years under this leader, what happened? >> this goes back to what we've seen in the past. it is a real pattern with the u.s. and north korea. when there is sort of movement toward a potential diplomatic scheme where they can work things out, north korea flexes its muscles, the united states pulls back, and it's interesting, i don't think we're back to fire and fury, that's for sure, but in the president's open letter to kim jong-un, he does make this comment about how we have a massive and power nuclear arsenal and i hope to god we never have to use it. he is sort of basically making it clear he's willing to go back there if that's where this is going to go, if that's how the north koreans want to play this.

also what's fascinating from what we heard from the president this morning and from that letter is he's had supreme confidence, and i think north korea has as well, in his own personal ability to cut this deal, to sit down at this table. and that is why they didn't do it the way past administrations have, when you work out these really big moments before the with the gets to the table. lo and behold, they found out you do have to do that groundwork. the dynamic doesn't change just because you have two presidents. >> i did not believe the north koreans criticizing vice president pence is enough for the president to walk away from the opportunity to having a global world stage. >> we were told it was that threat of nuclear war at the end that was a lot more worrisome to this administration, but we have to look how quickly all of this unfolded. it was on march the 8th when the president accepted the

invitation to meet, and there was a sense in the last few weeks inside the white house that they were oversold by the north koreans, saying they wanted to meet. there certainly is that sense from them. we're also learning from officials that in the last two weeks, there's been two trips from mike pompeo there, and they weren't focused on the policy or the issues here, but they were focusing on the logistics of a summit like. and of course in recent days we've had a flurry of statements from them, talking about john bolton, talking about. the white house was so kushsly optimistic. we're at a caution it may not happen on june 12 and now it's not happening at all.

>> "from locked and loaded to fire and fury" may have been a part of it, and then some said, maybe that's what got kim jong-un to the table. he's been honorable in the preparations for the summit. a lot the conservatives were aghast at that saying respectable and honorable to those who kills their own people. today the president. already on watch should they try foolish and reckless acts. >> i think the north koreans, as they tried to plan the summit, they saw this being a possible real embarrassment for him as previous administrations. this administration said, we're going to be different.

it's going to turn out differently. we're not making a bad deal like the obama administration made with iran. and i think when trump began to see this could be an embarrassment, i think that's when he decided to pull back. and that his aides were encouraging that. john bolton, the national security adviser, mike pompeo, secretary of state, were telling him it can't hurt to put a little more time and thought into talks before diving in. >> and those two gentlemen in particular, bolton and pompeo, much more skeptical that north korea is going to come to the table with genuine goodwill, a willingness to give things up. so you can have a temper of wills. he even left the possibility of trying to get back together,

unless there are risks in that with everyone having to prove themselves again. >> something has to change if there will be a summit, because you talk about people in the administration that were expressing skepticism. they reaffirmed their view that north korea's attention, their own survival, and tied to its seizure vi survival is their view that they need nuclear weapons. something will have to change on both sides, a willingness to compromise, a willingness on both sides. denuclearization is not a 100% cleansing of the slate in north korea. maybe there would be something we can live with, which would be interesting in light of his deal. unless they say, we don't need

it for that. it's fine, it's off the table. the national security team on alert. the president said, i need to cancel it, but maybe we can get it back. how did this happen here?

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they want to do what's right. i really believe kim jong-un wants to do what's right, so hopefully things will work out. okay? thank you all very much. >> waiting to see if the president takes any more questions. >> we have a wonderful -- there's been a very good working relationship. it started with the hostages coming back home. the hostages came home, we didn't have to pay, we wouldn't have paid, but they came back home. they're now safely esconsed in their houses and they're very happy and thrilled, and they never thought it was going to happen. the dialogue was good until recently, and i think i understand why that happened. >> why was that? >> i won't say that. someday i'll give it to you. you can write about it in a book. but i really believe we have a great opportunity. we'll see whether or not that opportunity is seized by north korea. if it is, great for them and great for the world.

if it isn't, it will be just fine. thank you all very much. >> mr. president, do you expect him to call you? >> president of the united states lingering, thinking for a second about whether he wanted to answer that last question, do you expect kim jong-un to call him. his decision to cancel. sent a letter to kim jong-un saying, no, i will not go forward with the planned summit in singapore. you just canceled the summit. you said the rhetoric of recent days leaves you no choice but to cancel the summit. there, though, you're striking a much more optimistic tone. is he somehow trying to have a little sugary rhetoric. i think he means well, i think he wants to cut a deal. this would be a great opportunity for him. is he trying to lure him back

in? >> i think in his mind there is still a chance. i don't know, though, if there's really a practical chance, and the problem with the decision to schedule the summit so quickly without any of the preparation is that now that you've canceled it, as jim said earlier, now you have to have a really good reason to go back to the table and they have to have certain assurances and certain things that will make them more confident that this just won't happen again. so if this is a negotiating tact tactic, they obviously raised the bar for themselves significantly. >> this was the untraditional model. two presidents coming to the table to make a deal as opposed to two presidents coming to the table to sign a deal that's been largely cooked. to your point, can the administration come back to the table unless they have pretty much a document, something from north korea in writing, saying, look, we're willing to come at least halfway, now let's negotiate the second half. >> that's the question now, and that was really the question before. what have they promised you?

what did they tell you they're willing to do? it was risky enough to go to that meeting and potentially not come back with anything. we did hear him just a few days ago in the oval office with the south korean president saying he thinks part of the reason things have changed in recent days is buzz k because kim jong-un met with president xi and had something with the chinese. he said that after the two of them spoke, kim jong-un and the north koreans had a very different attitude after. the president seems to be alluding to that as to why the communication between the two of them has broken down. >> that's long been the key part of this deal. china does not want germany on its border. it does not want a reunified korea on its border, so anything

that might change the regime, it is a chance for president xi. >> there is a reason why kim jong-un went to beijing. they're trying to reassert themselves into the process. they want to help find this agreement. i really believe kim jong-un wants to do what's right, the president keeps saying. it's based on the way he's led, it's based on the way that north korea has broken certain agreements. north korea believes nuclear weapons are essential to his survival. is it based on his gut feeling because of the art of the deal? >> so is this evidence before this, exponentially nuclear testing over the father. i want you to listen to tho --

what you're seeing from the tom cottons, the marco rubios, thank you, mr. president. we 100% believe you should have canceled this. they were skeptical the meeting wouldn't end up in anything, anyway. >> are you confident in a denuclearization if confidence is acquired? >> we'll see what happened. a phase-in may be a little necessary, it would have to be a rapid phase-in, but i would like to see it done at one time. >> now, again, the president didn't give away the candy store there, but just the idea i'd like to see it done, a phase-in. especially on capitol hill people saying, wait a minute, this is why this stuff has to be written in boldface, in caps and underlined beforehand when you have an unpredictable president.

>> the reason the presidential advisers on capitol hill is mainly when these summits take place, they're like plays and they're scripted. it's essentially a photo op where president trump would read his lines and president jong-un would read his lines, but they're totally scripted by. even president trump doesn't read from a script. that made people incredibly anxious that he would go in the meeting and lower the bar in his desire to make a deal. >> secretary of state mike pompeo is on capitol hill testifying. he was asked a question about the president's conflict of interest. real or perceived? >> given the president refuses

to disclose his tax returns, how can you ensure tassure the amer people that his conflicts are a matter of personal interest? >> i find that question bizarre. >> you don't want to answer it, then? you just want to describe it as bizarre? >> yes, i do. i think that's indicative of my answer, senator. i've been incredibly involved with this. i want to ask you specifically >> this is scurulous. >> this is not scurulous. >> questioning the secretary of state who is pushing back, calling it scurulous because we

don't know the president's taxes and we do know the trump administration has interest but don't have his taxes. >> listen, his sanctimonious answer there is a little rich. previous presidents of democratic and republican parties have had liberal financial disclosures, their taxes, et cetera. previous presidents have not had the global interest. yes, it's principally been coming from dem kralts, sh. another issue in a moment or two, the president says he wants full transparency about the russian meddling investigation. on one hand he wants transparency on some things.

we have limited to no transparency on other things. >> there iss, in fact, no way to answer the question that senator udall posed and ensure us there are no conflicts without that transparency? there is no answer to that question unless there is a public record of it, and there is no public record of it unless the president provides one. >> some would say, secretary of state because of the global interest. welcome to politics 2018. a big issue: did the fbi really spy on the president?

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and justice department officials potentially sharing highly classified documents about the russia investigation with members of congress also on hand, the president's chief of staff. some big late changes, important changes, to the guest list. this initially was a republicans only meeting, but top republican adam schiff now attending, he's taken nancy pelosi's invite. after bipartisan complaints, there is also a second briefing later today. the issue, what the president calls a spy scandal and what the fbi calls careful, normal, legal use of confidential resources. do we know exactly what information is going to be shared in this meeting right now? >> reporter: hey, john, this has really been the big question all week. as you saw some republicans pre viewing, almost, yesterday their disappointment that they won't actually obtain any documents on this confidential source. but i think it's worth reminding our viewers that we were here last week.

the justice department invited chairman nunes over for a briefing. he did not respond to that inquiry. this surround his subpoena for any and all documents of the confidential source that the justice department worried would risk the person's life, a risk to foreign relationships. so at this point it's worth wondering, what exactly has changed? obviously the president's involvement has created an atmosphere of intrigue surrounding this entire event. he has now labeled it spygate, and we'll see another briefing on capitol hill at 2:00, john. >> and it will be fascinating, if anything, the other lawmakers come out to say and whether. >> the president says these documents in question, quote, will show his campaign.

the president called the fbi source a spy. never mind, the president has not supplied any facts that back up that claim, that the fbi source was a, quote. jim clapper, james comey, the entire kaball in the deep state took out and now they're desperately trying to figure out how to stay out of jail. great thing to come in on right there. this is a controversial meeting, number one. the police don't call up the people they're investigating or the friends of the people they're investigating and say, come on in. we're going to share the evidenced so far. just doesn't happen. so the president of the united states puts enough pressure on the justice department that they feel they need to do this is

extraordinary. the justice department has blinked or read the law or something, and now rather than having them there, i assume, means more credibility? >> it would have been more extraordinary if they had a briefing about this confidential informant without any democrats present for that, and that's what created a lot of tension on capitol hill. even if you have a briefing after that, but if you talk about highly classified information outside this mechanism of a gang of eight which is the leaders of both parties and both chambers, then it creates a precedent for weaponizing intelligence for, and nunes and schiff have been at each other's dloethroats for year now. that may not change, but we'll see this play out. >> some might say, why is the

president's chief of staff there? why would someone with daily routine contact with the president could then share with the president how the fbi got some of the investigations, at least in the early stages of th this scandal. >> and last night white house officials said they didn't think the list was right, and john kelly wasn't going, and last night john kelly said, yes, i'm going to both meeting. we see the disconnect there. but the president invited democrats so they didn't a loex the white house out to get the president. on sunday the president directed the department of justice to do something. the department of justice saying about his campaign that there were spies in it, and they said

okay, and they're doing. >> it is. i think what the president wanted is not what he's getting. he wanted a special council investigation of the investigation. i think rod rosenstein at the justice department tried real hard not to do that and they kicked it over to the justice department. but that's right, not to share the investigation not just with members who are part of the investigation, and knowing who his campaign aides are is absolutely extraordinary. i do think part of the decision to involve the democrats was to guard against these accusations of, we're just making these things up, but i think there is no question that the president's allies, his chief of staff, will

tell me what they want to hear. so this would be a partisan question no matter what happens. >> he's going to the early meeting because he has a scheduling conflict later. manu raju, the third speech of the president, republican of the land, supposed to be a co-equal branch of government. do you believe any of this? >> is it appropriate for the president to float the notion that there may have been spies implanted in his campaign and this could be the biggest political scandal in history without having any evidence to support that notion? >> we know russia meddled in our election. we know that we will never get to the bottom of that, and we're going to find out how all that took place. a lot of this is classified, so i'm going to leave it at that.

>> i don't know the answer to that. >> does he know the answer? >> i don't think we know until these guys come out of the meeting. but the fbi does have a counterintelligence section as to whether there was. it's a separate thing for the fbi to interview a potential candidate. i think. >> if there is something that is inappropria inappropriate, aren't the weapon cans -- if something is done inappropriately, and the president has the right for an

investigation, right? >> it's a theory that's been talked about a lot, and he says that james clapper said there was a spy who was spying on -- an fbi informant who was spying on the campaign. jim clapper said the opposite, he said there was a spy to spy on the russians. if the russians were trying to infiltrate our campaign, wouldn't we want to know about that? so there is a lot muddying the waters here and the more i talk to strategists and operatives on a national level, on a state level, the more they say the voters aren't moving on this, that people have moved to their corners. >> think of how many conspiracy theories he has spread. barack obama wasn't born here. barack obama had wire tapped him. he had tapes of his conversations with james comey.

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more on today's biggest breaking news, president trump pulling the plug on that summit that would have made it history, calling it north korea's fault. some also blame china. they think after a meeting between president xi and kim jong-un, something else changed, china playing a key role in a change of tone from north korea. let's go to correspondent matt rivers. he's in beijing. >> john, no official announreaco the announcement that this summit has been canceled, but we know 24 hours ago, china was saying they hoped this summit would go smoothly. but president trump brought up several times that china might have something to do with north korea changing its rhetoric over the past several weeks, becoming more hostile toward the united states. we do know that china has been engaged in a diplomatic blitz with north korea over the past

several weeks. kim jong-un has come to visit china twice, and china has sought to make sure that its strategic interests were being represented at this summit. but the fact of the matter is, no one really publicly knows outside of the two respect active governments, at least as far as we can tell, exactly what xi jinping, the president of china, said to kim jong-un. there is speculation he told north korea to be tougher on the united states, but nobody has publicly confirmed that. so from there we need to look at what china wants out of this situation. on the one hand, they don't like the influence the americans have on this process. but on the other hand they are publicly in favor of denuclearization and they do not want military action on the korean peninsula. so the question then becomes, what does china do next? do they encourage kim jong-un to go back to the negotiating table, and if they do, will kim jong-un actually listen? john? when we come back, the president talking about the new

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something could complicate the spending bill in congress. any bill that hits his desk, the president says, must include funding for the border wall if congress expects him to sign it. listen. this is fox news this morning. >> we actually have four different bills. unless it includes a wall -- and i mean a real wall -- and unless it includes very strong border security, there will be no approvals from me. i have to either approve it or not. there are bills going through. i'm watching one or two of them. we'll see what happens. i think it's time to get the whole package. it's not such a big deal. it's time to get the whole

package. >> can he get a whole package, the whole package? he's gotten very modest down payments of his furnding becaus it's impossible to get the whole votes. >> he can get money for his wall as part of a daca deal. what he can't get is legalization which he wants which has scuttled daca deals for months now. he wants to cut what he calls chain migration, which is family sponsorships for siblings, adult parents, adult children. now a group of mod ral republer republicans at the house are pushing for a bill. there are conversations happening now between those moderate republicans and the leadership to see if republicans can agree on a deal. whether they can, i doubt it, because you're not going to get them to agree to it. >> i want you to listen to the

president's tone about -- we know he campaigned on having a tough border. one of the things that bothers the president is when you come to the border, you can see a judge calling for asylum. the president says he wishes things were different. >> we're the only country essentially that has judges. they want to hire thousands of judges. other countries have -- it's called security people, people that stand there and say, you can't come in. we have thousands of judges and they need thousands more judges. the whole system is corrupt. it's horrible. whoever heard of a system where you put people through trials? where do these judges come from? a judge is a very special person. >> right. >> how do you hire thousands of people to be a judge? >> there is a competing view that what makes america great is that if you are being -- yes,

illegal immigration is wrong. he has every right to be able to say we should be able to protect our borders from illegal immigration. he should make his case ask tnd to make it happen. you should be able to say, i get to see a judge, not a security person who sends ah wyou away. >> what the president is talking about here is due process for that particular process. there are security personnel at the border, and he made sure there are more of them because the national guard is now backing up at the border at his order. but there is a process when these people present themselves and say they have an incredible fear of going back to their countries, there is a process where they have a court date and they get to plead their case. they figure out whether or not he gets to say. a lot of these people, when they do get their appointment to go and have their case heard, they disappear into the interior and

oftentimes don't return for that court date, and therefore, that's another source of illegal immigration. and he has really tried to get at that problem. it's really difficult to get at that problem, and one of the issues with what we were talking about earlier is he wants this legislative package to include changes to that whole process, so people arriving at the border would go through a totally different process or have no process at all or way of staying in the country if they don't want to go home. >> people want to speak tie jud -- to a judge, have a right to be heard. that is reflective of what the united states claims to stand for. the president wants to change that. >> whatever your opinions at home or whatever your coverage skills here at the table, is there anyone who thinks this close to the election we're going to negotiate a major immigration package and get it passed into law and signed by

the president? >> they didn't do it months before the election, so as it get closer, it's not more likely to happen. >> lately he's been furious about it. we saw him unload on the department of homeland secretary recently. he's been very hard on immigration. >> two issues that are constant, immigration and trade issues. thanks for joining me on "inside politics" today. wolf will start after the break. have a good day. sometimes,

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