tv Hallie Jackson Reports MSNBC October 21, 2022 12:00pm-1:00pm PDT
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january 6th select committee officially issuing a subpoena to donald trump. when exactly they want to sit down with the former president, and what's next and what could be a potentially long and historic legal battle. plus, president biden set to speak any minute now. the focus, the student debt relief program. with election day less than three weeks away, how it's moving forward, after surviving two legal challenges. >> and while we're talking midterms, senator raphael warnock, no more mr. nice guy ramping up attack ads against his opponent herschel walker. plus in nevada, we're talking to both candidates in the senate race that could decide which party controls the chamber next year. we're going to start with nbc news capitol hill correspondent ali vitali, "new york times" reporter, and msnbc contributor katie benner and legal analyst charles coleman. good afternoon to all of you.
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ali, obviously this is breaking in the last hour. you were busy reading everything in between your live hits. walk us through some of the key points and deadlines we're learning. >> the deadlines are one of the first things that we were looking for. you've got one for documents on november 4th that's before the midterms and will probably raise some eyebrows on the republican side of things and then the deadline for trump to appear for a deposition is after the midterms, on november 14th. look, there's some striking language that is used in the letter. not just the letter that we're seeing now, but the subpoena itself, being transmitted. that is rare for this committee. but i want to pull up for you on the screen just some of the bullet points that the committee is leveraging here as they tell trump why they want to speak with him. more than ten of them were included. but they start with purposely and ma lish -- maliciously disseminating false allegations of fraud related to the 2020 election. attempting to corrupt the d.o.j.
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illegally pressuring state official to change election results. and pressures vice president mike pence to not count the electoral votes as they were transmitted on january 6th. not just pence, but other members of congress as well. and then of course, there's filing false information under oath in federal court. to me, that sounds like what we just learned about john eastman and the emails that a judge recently said that showed that trump knew the fraud numbers that he was mentioning in georgia were false, but that he still signed his name to them in a court filing in that state. and the final things related to january 6th itself. summoning thousands of supporters to washington on january 6th and then refusing to disband those rioter. all of those things that the committee teased out over the nine public hearings that they've done over the course of this year. but continuing to use really stunning language in this letter to the former president, where they leveraged time and again that you did these things, according to evidence that the committee says that they have
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and now they want to ask the former president about it directly. >> liz, you wrote this is an historic court fight. where does this go next? what are you hearing from trump world? >> trump has been telling his aides as recently as today that he wants to do it live. he wants to come in and testify live. now, you know, you have to be pretty rare to find a lawyer who would endorse that strategy because he would put himself in all sorts of legal jeopardy. what is much more likely is that trump will fight the subpoena despite what he's saying behind closed doors. if that happens, that could escalate up through the federal courts, perhaps even to the supreme court. and we have no precedent here for a president defying a subpoena and it being litigated through the courts. we know there there have been examples on both sides. we have presidents, former presidents who have
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congressional subpoenas and came in and testified and presidents who refused to comply with a congressional subpoena, but it has never been litigated in court. so if i were a betting man, i would guess that that is where this is headed. but you know, they set a date on the calendar for next month, for the 14th, and if donald trump comes in and testifies, then i guess there won't need to be a court fight. >> katie, with no president as luke was mentioning, how do you see this playing out? >> i'm looking at the time line again, an fast forward into when congress could change hands to a republican-controlled congress. they could withdraw the subpoena so that gives a narrow win i do of time to see the court fight play out. keep in mind, let's look at steve bans, just essentialed four months in prison and that happened a year ago for the court battle, it took the justice department almost a month to weigh the evidence and decide whether or not it wanted to go forward and even attempt to criminally charge him and obtain a conviction, and then of
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course, conviction and sentencing, so this is a really long process. so again, donald trump, to luke's point, he is very likely to try to fight this. pushing back these deadlines. november 4th and mid november. these are almost aspirational deadlines. he could push them back and back and back, until we see this mooted out because republicans takes control of congress. >> what does this mean for the select committee and the final report? >> the select committee sunsets on january 3rd, so they, by their organizing document, they have to issue a report with their findings and recommendations, so really, they have to get that done by december. and anybody who knows anybody about publishing, several people here have published books, they know that that would probably have to submit the material by novemberer to get them published in time. so they, so look, they are on a very tight deadline here, and they want to get donald trump in, by the 14th, and see whatever they can get out of
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him, before they issue that final report. because this committee is going to dissolve on january 3rd of next year, and if republicans are in charges of congress, and it looks like they might be in charge of the house, there's no chance that they would resurrect this committee and allow them to continue this investigation. >> ali, i want to go back to you and help me, you know a lot about the committee thinking, and a lot of people believe that this subpoena is sort of procedural because people don't think he will comply, because they think that trump will drag this out. what you are hearing from your sources inside the committee about why today's move was necessary? >> in the same way that they voted to do this subpoena a week ago, the mindset was that it was important to put it in the record. and i heard barbara mcquade say this last hour, the idea that this is an opportunity for them to, a, level these allegations that they've been leveling anyway publicly but an opportunity that they're granting trump to come in and say that they're wrong.
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whether or not he avails himself of that remains to be seen. but that is one of the opportunities that prosecutors in typical legal proceedings give to people who they are focusing on. and that is one of the ways that i think i'm looking at this subpoena of the former president. and i think the other thing that's important here, you touched on the fact that we could be in for an unprecedented legal bat physical he decides to thumb his nose at the subpoena. but the committee goes to great lengths in this letter to point out the fact that it is not unprecedented to, a, ask for these kinds of things from former presidents, but b, it is not unprecedented for former presidents to comply with congressional subpoenas like this. they list several names of presidents who gave documents, who gave depositions, when they were former presidents but also when they were sitting presidents, so as much as this committee is investigating an unprecedented day on january 6th, there they are really trying to show here that this is not an unprecedented act of the former president. >> he quoted president roosevelt and said during his
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congressional testimony, an ex-president is a citizen of the united states. >> charles, if this issue eventually goes to the justice department, it would be another politically explosive problem for a. g. merrick garland and already sparring over the mar-a-lago documents and allegations of election fraud. big of a priority would this be? how big of a priority would this be? >> it benefits donald trump to fight in on any level and i mean by that with respect to any of the responses by donald trump, he will do what he can to invoke executive privilege, why? because it will be challenged in court and it will take a long time to get over and that's with respect to the documents. he is also going to of course, as many people have already said, resist the notion of appearing in front of the panel. number one, because his attorneys are likely not going to want him to do that too eagerly and certainly not doing it live. but not necessarily going in there without being thoroughly prepared, if he goes in at all.
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and the significance of all of that is by the time it got to merrick garland, and the d.o.j., it's more than likely going to be a moot point, because we're looking at something that is several months, if not weeks off from where we are currently. and so i don't expect that this is something that is going to be a high priority to the d.o.j., or merrick garland, because ultimately, this is going to be a situation where before you can make an actual determination, as to whether there's going to be contempt, or whether there's going to be a significant amount of resistance, the likelihood is that the commission itself, the committee will have already been desolved. >> katie, do you agree? >> yes, i do agree with that, and the point i was making earlier, the timetable does not favor a prosecution. that said, if it were to get to a point where the committee felt that it could hold donald trump in contempt and refer that to the justice department, keep in mind, a different part, this is very technical, but a different set of investigators, the justice department is large, different sets of investigators are looking at these various
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cases against, and charges against donald trump. the national security division is in charge of the documents case. it is the u.s. attorney's office in washington, d.c. that is looking at the january 6th fight. and it would be a sub-set of that, the public integrity unit at main justice and the u.s. attorney's office in washington, it is not the same people tasked to do all of this. it is different groups and they would work on their own timetable, which is with great, great speed and as fast as possible. but to your point earlier, the person making a decision at the end of the day, the person who will receive all of the information from these people, the subordinates, is merrick garland and he would ultimately sign off. >> important context on the different groups. >> ali, let's talk about the politics here. the deposition deadline is after the midterms. what do we make of that? >> i think other people will make things of that. in my mind, this is something that the committee decided, they've tried to keep politics out of it, but it's impossible to do that when you have south carolina -- something that is as fraught as january 6th. i imagine, and i have not had a
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chance to check because i'm almost alone in the halls of congress, republicans are on recess, but to make hay of the fact that the document request is before the midterms and the deposition it isself is after and they are saying they're not operating with politics in mind, their job is to get to the bottom of a, how january 6th happen and b, how they can make sure it doesn't happen again. their square focus right now is on subpoenaing the former president but also as luke said, getting that final report done, because the clock is ticking against them, in all of these capacities. in terms of writing that final report, in terms of if they have to fight for the subpoena, in terms of getting all of the other information that they still need, and to write that final report in a way that allows them to make specific tangible recommendations on what needs to be done going forward to stop january 6th from happening again. >> ali vitali, luke broadwater, katie benner, charles coleman, thank you all. and as we talk about what could happen next with the trump
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subpoena, it helps to consider what happened just today, to steve bannon, a federal judge sentenced steve ban ton four months in prison for contempt of congress, snubbing the january 6th committee. outside the courthouse today he vowed this isn't over. >> the department of justice, merrick garland, will end up being the first attorney general that's brought up on charges of impeachment and he will be removed from office. >> nbc news justice reporter ryan reilly joins us from the courthouse in dc. let's start with the sentence. bannon is not going directly to prison, is he? >> reporter: that's right. it's going to be stayed, pending an appeal and how the judge got to the sentence is looking at the guidelines essentially, and saying that there was a range, a mandatory minimum the judge found, starting at one month behind bars, and the sentences guidelines going up to six months behind bars and what he said is it is essentially important to make sure that there is a deterrent effect and people recognize if you don't cooperate with congress you will be held accountable and blow off
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the committee in the way steve bannon did, you will be held accountable and there are consequences for that. that's where we landed on the four month sentence. it is a lit little bit sly what prosecutors shout, they wanted the maximum on the guidelines, six months behind bars but four months is not something to joke around about. that is a significance consequence. that is more than just a few weeks behind bars and if he ends up serving his time, i think it would send a message potentially to other people who might want to think about blowing off congress in the same way that steve bannon did. >> so looking ahead though, to this appeal process, what is bannon's likely legal defense? >> i think it's sort of a spaghetti at the wall scenario in this appeals process. you know, he's going to argue essentially that he was, that he was following the advice of his lawyers, one way, because he didn't take a plea deal, because he went to trial here, and there are a lot more appeal options available to him. and if he had taken a plea deal there would have been a pretty narrow set of circumstances he could have appealed on there. is a limited number of options you have, really, if you agree
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to that plea deal, and he didn't take that plea deal and really everything is essentially on the table. he can argue across the board. he can argue the law. he can argue the facts. essentially anything he can to sort of kick the can down the road here, and delay, which is, you know, ultimately it could be one of the goals here, but it remains to be determined how the appeals court will ultimately feel about that. >> ryan reilly, thank you. live pictures everybody from dover, delaware. this hour, we expect to hear from the president on the student debt relief plan. also ahead, we go to nevada where the race that could decide control of the senate is tied in a new poll. the message from candidates today, with 18 days to go until the election. days to go until the election before we begin, i'd like to thank our sponsor, liberty mutual. they customize your car insurance, so you only pay for what you need. and by switching, you could even save $652. thank you, liberty mutual. now, contestants ready? go!
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>> today, my nation announced that this year, the deficit fell by $1.4 trillion. the largest one-year drop in american history. $1.4 trillion decline in the deficit. let me repeat. that the largest-ever decline in the federal deficit. >> in the afternoon speech, it comes a day after two separate challenges to the initiative were struck down by courts. one of those challenges dismissed by supreme court justice amy coney barrett. justice barrett could have referred the case to the full supreme court but decided to block it on her own. i want to bring in nbc news correspondent josh lederman in delaware following the president. so josh, we've got 18 days until the midterms. why is the president focusing on this now? >> reporter: well, because it's a popular move particularly among many of those younger voter that the white house and democrats are hope are going to turn out in full force in these elections. the white house trying to call attention today, with this visit
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to delaware state university, there are some 40 million americans who stand to benefit from this student debt relief, and when you talk about the historically black university like delaware state, three out of the four kids here actually are recipients of pell grants which means they could receive up to $20,000 in forgiveness in state loans as a result of what president biden has been announcing, and you point out that decision by justice barrett not to intervene here, the student loan program for president biden is one of the areas where he's been more successful so far in being able to defend his policies in court. certainly more successful than other areas like climate change and immigration where the white house has had more defeats. and more broadly, this comes as the president is really trying to put in front of americans the specific economic achievements that he hopes that will be the focus for them as we head into these midterm election, instead of what has been really the prevailing economic sentiment, the higher prices and the higher
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inflation that the white house says they're still fighting against, but president biden trying to drive home for people the very tangible specific things that democrats have delivered, since he took office, such as student loans an such as infrastructure and such as the deficit reduction he spoke about this morning. >> josh lederman clearly in the room and we will bring that to you live when the president comes up to the podium thanks, josh. with the midterms less than three weeks to go, in georgia, raphael warnock turning up the heat in attack ads against his opponent seizing on allegations herschel walker paid for an ex-girlfriend's abortion. in nevada, nbc news caught up with both senate candidates there as they put out their final messages to voters, poll shows a statistical dead heat between them with one of the tightest races in the country. ellison barber is in participate tree city georgia. and garrett haake is in las vegas. ellison, warnock is changing up his strategy. break it down for us.
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>> we really haven't seen warnock go after the walker campaign, herschel walker, in this way, we have seen attack ads related to some of the questions that have come up in terms of herschel walker's personal life, but those have not come from warnock's campaign, they come from outside groups, so these ads, they are notable, because it seems like a shift in this campaign strategy, and they're airing these two ads as early voting is under way, in the very final stretch to election day. watch some of it. >> for you, herschel walker wants to ban abortion. >> there are no exceptions in my mind. like i say, i believe in life. >> there is not a national ban on abortion right now. i think that's a problem. >> for himself -- >> herschel walker paid for an abortion for his then girlfriend. >> i've been very transparent about everything i've ever done. i broke a book about things i've done. >> another lie from herschel walker. here's walker's book. and he didn't write a word about
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his violence towards women. >> so when asked about these new ads, walker's campaign told us this. quote, we're warnock embarrassed himself at the debate in savannah, he's desperate and it shows, everything points to herschel having the momentum on his side and he is focused on the issues georgians care about, like economy and crime. walker has repeatedly denied that abortion allegation, saying that it is a flat-out lie. the claim in the ad as well that he supports an all-out ban on abortion, he walks that back in recent weeks saying he is supports georgia's heartbeat bill with exception. and we're not the only ones dive nook the personal troeshs at this point in the campaign. in recent day, recent weeks, we've seen walker on the campaign trail, really trying to hammer senator warnock over allegations that he and his church have evicted low income residents from an apartment
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building that the church owns. he held a press conference outside of that apartment building earlier this week. warnock has called those allegations a smear. but right now, it seems like things are really heating up and both of them are going after more on personal issues than we've seen to this point. >> looking at nevada, october 2nd, you tweeted, in my opinion, nevada is the most overlooked battleground state this cycle. a new poll basically shows a dead heat between the two senate candidates. how are they framing their messages to voters? >> republicans have long looked at this state as the best pick-up opportunity. they have a fairly generic race here with candidates who are not celebrities, they are state level politicians who have been both elected statewide before and both parties kind of see this as a test of the environment in general, which sets of issues are going to be most effective. most of the race in the closing days have been focused on kitchen table economics issues, and inflation is quite high here, gas runs above $5 a
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gallon, in the las vegas area, remember this is an area that was clobbered early on in the pandemic, in terms of jobs, and unemployment, and so economic issues are front of mind. but the abortion issue has remained if not the highest here, issue, a major motivating issue, particularly on the democratic side. i had a chance yesterday to ask senator cortez masto about her position on the issue and how much it will play in the closing days. and to press adam laxalt whether he would support a national ban if he were to go to the senate and be asked to vote on one. listen to what they both told me. >> i hear it from all parties, democrats, republicans, and independents, because it matters to them. and again, let me just point this out. from the vote that voters took to be a who choice state, my opponent is opposed for it. >> i will not vote for an abortion ban. and no matter what everybody does, to try to distract from what is really going on in this race, people are very, very upset and we're hurting in this state and she can run that all
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day long but thankfully people are seeing through it. >> now, these candidates here could talk to the candidates ellison is covering in georgia and they could say come to the deep end with the nasty negative ads, the water is fine. this has been a very expensive race in nevada with a lot of political advertising particularly on abortion and economy and the idea that cortez masto, according to republicans, rubber stamp for president biden. she is trying to separate herself from him even as he is ramping up his role on the campaign trail. >> i was in vegas this week. those ads are everywhere. ellison barber, garrett haake, thank you. coming up after only 44 day, the race for a new british prime minister is back on. there has been a lot of speculation about a familiar face potentially in the running. how realistic is that? and a live look as we await president biden, who is expected to talk about his student debt relief ahead of the midterms. keep it right here. we'll bring it to you when it happens.
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♪ today, my friend, you did it... ♪ today you took delicious centrum multigummies and took one more step towards taking charge of your health. they're packed with essential nutrients for energy and immunity support. so every day, you can say, ♪ you did it! ♪ with centrum multigummies. breakthrough heartburn... means your heartburn treatment is broken. try zegerid otc. it contains the leading medicine to treat frequent heartburn, uniquely designed for absorption. get all day, all night relief with zegerid otc. new developments in the mar-a-lago documents investigation. the "washington post" reports some of the classified documents seized by the fbi from donald trump's mar-a-lago home included highly sensitive intelligence
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about iran and china, citing people familiar with the matter. according to the post, at least one of the documents jibes iran's missile program and other documents describe highly sensitive intelligence work aimed at china. nbc news has not confirmed this new reporting. in response, a trump spokesman tells nbc news in part, the endless leaks and lies from a weaponized justice department just further exposes their witch hunts. joining me right now is the "washington post" reporter with this scoop. devlin barrett. thanks for being with us. what do some of these documents outline and why are experts so concerned? >> i think the concern is that one, this is highly sensitive intelligence about two countries that, you know, occupy a great deal of u.s. intelligence efforts, particularly china. and two, you know, as described to us, the nature of these documents, if they ever got out into the wild, could cause, you
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know, very, very grave damage to national security because they have descriptions of u.s. intelligence gathering aimed at china. >> obviously, you can't, even if you saw the contents, which i'm sure you didn't, but you can clarify that if you want to, you can't disseminate to the public, but what other information can you give us just how sensitive we're talking about? >> right, so among other ways to measure the importance of this stuff is that very, very few people in the government were authorized to see it or know it. and in fact, the investigators doing this case, working this case, were themselves not authorized to see some of these documents when they first collected them. and the only people who were authorized to see it, up until that point, were, you know, cabinet level or near cabinet level officials, and people who got direct authorization from those cabinet level officials. and again, because you're
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talking about china, a country with which, you know, there is a very intense intelligence battle going on and has been for years, the notion that we might compromise that type of intelligence gathering is particularly alarming to intelligence officials. >> what could the exposure of this mean for not only the u.s. government's relationship with countries like iran and china, but other countries? >> well, obviously, one of the things that intelligence officials try to do and try to work on very hard is ensuring that the people that they share information with are trustworthy and can be relied on not to leak or reveal anything that is sensitive. obviously, a case like this calls some of that into question. i think, i think the more, the other really serious implication of this is a lot of prosecution decisions in classified document cases are just by a variety of factors, and one of the factors is how sensitive is the information in the documents.
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and on that scale, this stuff is very, very sensitive. >> all right, devlin barrett, we appreciate your time. thank you. the race is back on for britain's next prime minister. liz truss resigned after only 44 days in obvious. the ruling conservative party is going to pick her replacement very quickly with the goal of having someone in place within a week. joining me from london is nbc news senior reporter alexander smith. who are the front-runners right now and how will this all play out? >> this is a process which usually takes weeks and weeks, as there's debates and people slug it out over a protracted period. this time it will be wrapped in a little over a week. it is really on fast forward here and quite quickly come down to a three horse race. the front-runner is probably rishi sunak, a multimillionaire and banker and finance minister in borough johns's government and also the person whose resignation triggered a wave of
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other high profile resignations from the government following scandal after scandal which you probably remember in july and that is what sealed boris johnson's position. and he is widely seen as effective number two under johnson, was the person you will see. and he is probably the funz -- front-runner here. and we have penny mordaunt, she is named after a war ship, the penelope, and really, the story here, which i think everyone is talking about, at the moment in the u.k., is of course the potential return of boris johnson, which something just would seem unsafe, unthinkable in july, when boris johnson, just after six months of tense scandals, involving him, you may remember, it he promised that parties had not happened during lockdown at number 10 downing and then it was shown that he
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was at the parties himself. police found that he had broken the law. and that is still under parliamentary investigation. so it is really quite an extraordinary story that we're even discussing the prospect of a boris johnson comeback so soon after he left and what many people considered to be disgrace. >> and alexander, people on the ground are angry and upset over how great britain works during all of this, over obviously the value of the currency falling. one woman was interviewed and said she was ashamed to be british right now. what are you hearing? >> absolutely. i mean pick your adjective. people are angry, they're outraged, they're embarrassed, you know, many, many people see britain as a national and international embarrassment right now. and you know, we are used to seeing other countries with revolving doors in their governments and they can't keep their people in place, and we're used to tony blair, margaret thatcher. we have seen the next one who
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will be the fifth leader in just over six years so it really is the feeling of embarrassment, but i also want to put another emotion in there which is fear. and that is because alongside this political sort of upheaval, britain is mired in an economic crisis, and millions of people up and down the country are simply struggling to keep their heads above water. they can't heat their homes. they can't feed themselves. they're skipping meals. and that's all because energy prices are rising, and food inflation is going up and all that they see is the service of public government, and they are really struggling and nothing is being done for them. >> all right. alexander smith, we'll have to leave it there. thank you very much. president biden is speaking in dover, delaware. let's listen in. >> because of all of you, i really mean it, so thank you for what you're doing, and please, get involved. no matter what position it is, get involved. we need you badly. and i didn't see the bleachers, up there, hey, everybody. >> don't jump.
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don't jump. now, look. by the way, as tom carpenter can tell you, i sort of got my political start at del state. this is the place we organized with sussex county. that is how we got going. that was back in 1871, i think. long time ago. [ laughter ] . there might be a lot of people wondering why i'm here. and because hbcu and play an important role in creating opportunities and possibilities across the country. we're here, it holds a special place in my heart. there is no better example of a university that has changed so many lives as zac just explained about his. as i said many times, delaware state brung me to the dance as they say in claymont and i can't tell you how much we appreciate it. i understand you have a big game
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tomorrow. howard university. well, i'll tell you what, man. in case you haven't noticed, my vp is a howard graduate. and she is a very vociferous howard graduate. i'm always bragging, and as your president can tell you, i'm always bragging about del state and we got a little thing going, and besides that, we have a lot more folks, you know, the divine nine, kind of runs my operation. [ cheering ] >> you all think i'm kidding? you think i'm kidding? i'm not kidding. but i'll tell you what. to guarantee a win, we tried to figure out how we could do this, how to get mike perziki to play for you. mike played more receptions i think than any receiver in delaware university history and hell of a good mayor but he was even a better ballplayer.
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but folks, look, what you got to do, i want you to win, but take it a little easy, okay, because i got to go back to washington. and you know, my vice president is an extraordinary partner and i didn't go to del state but my heart is with you, so don't let me down, win one for coach beau win one for coach beau. >> delaware has a great leadership, one of the most effective congressional delegations in america and that's not hyperbole. one of the things i love about this team is we have each other's back. governor john cornyn used to work with me and now he is the governor. and more important than anybody, including me. because he has a wife who is an incredible writer. at any rate, and tommy carpenter one of my best friends from all politics, we've been doing this a long time, tommy.
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and chris coombs who has the seat i used to hold and the only difference he not only has a law degree, he has a divinity degree. the boy can preach. but he can't preach as well as the next woman, lisa brunt rochester. [ cheers and applause ] >> you all think i'm kidding? have you ever heard her? whoa, whoa, whoa, they have my back, and i have theirs. and we have a great attorney general in kathy jennings, who worked with my son beau. and lieutenant governor bethany hall is here as well. and the mayor, robin christen,son, thanks for welcoming us to dover, mr. mayor and ad as i said perziki knows a lot about being mayor and even a better receive. mr. mayor, thank you for what you're doing with the city of wilmington. you are making a big difference. you are making a big difference, pal. we have another mayor here
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today. she is no longer the mayor. she happens to be the head of the director of the office of public engagement. keisha lance bottoms, the mayor of atlanta. madam mayor, where are you? there she is. [ cheers and applause ] >> two things i learned you got to know about keisha. one, she is smarter than you. and two, she is smarter than you and me both politically as well. that's why i hired you. good to have you. and welcome to del state i've been bragging about that. the fact of the matter is she is the mayor of atlanta but also a fam-u grad, and tony, you know, you know where the real power is, as i said, the divine nine, and speaking of the president of this great university, and this guy used to work for me, tony worked for me when i was a
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senator and he left because he wanted to become a doctor, a ph.d. in public policy and that wasn't good enough and he wanted to be president and i got scared as hell he was going to run but turned out he wanted to be the president of the university. by the way tony, i told you a true story, when i, when i left the vice presidency, after beau died, i wasn't going to get involved in politics anymore, so became a full professor at the university of pennsylvania, but before that occurred, three universities came to me and said they wanted to interview me to consider my being a president of a university. my wife who was a professor at a community college, has two masters and a ph.d. and is smarter than me, and she looked at me and said if you do that, i'm leaving you. [ laughter ] >> she said it is one of the toughest jobs in america. especially if you start talking about parking spaces and office windows. but tony, thanks, buddy, you're a good friend and i can't say enough good things about you. a year ago, i signed an
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executive order establishing the presidential initiative to strengthen hbcus all across america. and i appointed tony to lead that initiative. because he's the best. tony, keisha, kamal and i understand the critical roles that hbcus provide in this country, particularly, basically a ticket to the middle school. hbcus are a great value for all americans. that's why during the pandemic, my administration did something that had never been done before. we invested a.8 billion in hbcu oasis. we invested $5.8 billion in hbcus. some suggested we couldn't get it done but we got it done and that money is already out the door being used very well. tony and his team used a lot of that money combined with the money from the university, raised to help students at del state with their debt, reducing the debt burden for 225 graduating seniors. that's 225 delaware state
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university graduates who can start getting on with their lives without the burden of student debt holding them back. that's what i want to talk about today. eight weeks ago, i announced that my administration would provide $10,000 in debt relief to everyone, and then, everyone who has that much debt, or up to that much debt and $20,000 if you received the pell grant and your income was under $125,000. it's a plan for people who took out federal student loans before july of this year, and a few days ago, i launched an online application process where you can apply for that debt relief. so folks, one of the things i want to make sure is we didn't end up where we're in a position where barack and i ran, in terms of the affordable care act and it was made a little bit more difficult but we made sure, we tested it, we tested it for a weekend, to see how it worked, john, and guess what, it worked. almost 9 million people signed
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on. [ applause ] >> folks, if you have student debt, you got a time limit, if you have tuned debt, you can go to student aid.gov. student aid.gov. fill out. it is very easy. fill out your name, your social security number, your date of birth, and contact information. no forms to upload. no special log-in to remember. available in english and spanish. desk top and mobile. and folks, it takes less than five minutes. if you need additional information, we'll follow up with you, this is a game changer. we're hearing from people all over the country, over 10,000 students have written me letters so far. literally 10,000 so far. it was easy to apply, signing up while hanging out with your friends, or at home, watching a movie. the vast majority are applying on their phones. and it's easy. it's simple. it's easy. now. less than a week, just close to 22 million people have already
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given us information to consider the change in relief. my commitment when i ran for president of the united states, that if i was elected, i would make the government work and deliver for the people. a simple application process keeps that commitment just as i'm keeping my commitment to relieve student debt as borrowers recover from the economic crisis caused by the once in a lifetime pandemic. the way i think about this and the way my dad used to talk about this, and the way so many at home talk about it around the kitchen table, how much are the monthly bills, and how do you have to pay for those necessities? how much do you have? is there enough? just a little breathing room as my dad would say left over at the end of the month. our student loan plan lowers costs for americans as they recover from the pandemic, and to give everybody a little more breathing room. i want to be clear who is going to benefit most. working people. middle class folks.
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that earn under 125 grand. you get up to $10,000 knocked off the debt and if you're under 125 grand, and receive a pell grant, you get 20,000 dollars knocked off. and the total, more than 40 million americans stand to benefit from this relief. for borrowers out of school, nearly 90%, nearly 90% of it is going to go to people making under $75,000 a year. let me be clear. not a dime will go to the top 5% of incomes period. it goes to people who really need it. across america -- [ applause ] >> across america, not every pell grant comes from a family making under $60,000. two-thirds come from families making under $30,000 a year. here at del state, over 75% of the students are pell grant recipients. that matters. for millions of working and middle class people.
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now let's talk about who is against helping the millions of you who need the help, and who want to make sure you have a shot. republican members of congress, and republican governors are doing everything they can to deny this relief even to their own constituents. as soon as i announced my administration's plan on student debt, they started attacking it. saying all kinds of things. their outrage is wrong and it is hypocritical. but you know, we're not letting that get in the way. they're not getting away with it. they have been fighting us in the courts. just yesterday, state court and the supreme court said no, we're on biden's i'll never apologize for helping working and middle class americans as they recover from the pandemic, especially not to the same republican officials who voted for a $2 trillion tax cut that
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mainly benefitted the wealthy americans and the biggest corporations that wasn't paid for and racked up our deficit. i don't want to hear it from maga republicans, officials who had hundreds of thousands of dollars of debts, even millions of dollars in pandemic relief loans forgiven. and who now are attacking me for helping working class and middle class americans. my team at the white house posted a video of this, folks, online. you should check it out. marjorie taylor greene, she and her husband got over $180,000 in business loans forgiven from the ppp loan. it's completely unfair for us to forgive student loans for working and middle class americans. representative buchanan of florida said our plan was reckless. guess how much he got in that program forgiven?
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$2,300,000. this is not a joke. you can't make this stuff up. republican governors wrote me a letter saying this relief only helps the elite few. you all know who are the elite few. i knew you were really especially but you're the elite few. i'm serious. texas, he said it's for slackers, quote slackers who don't deserve relief. who in the hell do they think they are? [ applause ] but the republican officials say we can afford student relief. that's because the first two years of my administration, that's because of historic deficit reduction, the very deficit reduction that republicans voted against. this morning, my administration announced that this year, the deficit fell. the federal deficit fell by
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$1,400,000,000,000 just this year. the largest one-year drop in all of american history. 1,000,000,000,400 billion. and it follows last year's historic drop in the deficit of $350 billion. we're going to reduce the deficit by 250 billion over the next decade and the reason for that is because of medicare is going to be able to negotiate drug prices and lower the costs. we pay the highest drug prices of any nation in the world for the same drug. you can buy the same drug at a drugstore in dover, wilmington, and you go over to paris, france, or anywhere in europe, it can be as much as 40% to 60% less, same exact drug. so, folks, i don't want to hear any weeping and gnashing of teeth from pharma, the big companies. folks, in just 20 months since i have been in office, we have cut
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the deficit in half. and that's not all. in relieving student debt, we're resuming student loan payments that you have to start to play because you had this long period where no one had to pay because of the pandemic. so come january, folks whose debt isn't fully cancelled, you're going to have to start paying the student loans off. that means billions of dollars of year will come back into the treasury as well. my administration's plan is economically responsible and an economically responsible course to ensure a smooth transition to repayment and prevent unnecessary defaults, and focused on going after fraudsters who call borrowers to pretend they're the government and want to help you with your loans. if you get a call, hang up. not a joke. let's be clear. pay no attention to them because you never have to pay for help with your federal student loans. don't listen to anyone who calls.
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i told you just go online. it's four questions to the following web site. reportfraud.ftc.gov. report fraud. my message to the fraudsters looking to cheat the american people. don't hold it. for example, we're fixing what used to be called the public service loan forgiveness program. this program forgives students loans to encourage students to go into public service, public school teachers, local police officers, workers at local charities, members of the military, the national guard. if you serve in one of these jobs and make your loan payments for ten years, even if it's not consecutive years, the remainder of your balance will be completely forgiven, the
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remainder completely forgiven. the changes we have made expire on october 31. move quickly. my message to all public servants out there with student debt is apply today. pslf.gov. pslf.gov. to get that loan forgiven. and let me close with this message to the young people of this nation. i always believe your generations represents the best educated, most talented, least prejudiced generation in our history, and today we face an inflection point. one of those moments, they only come once every several generations where there's so much change -- we have been listening to president biden talk about student debt relief. markets are on track for a winning week. the dow is up, you see there, about 738 points, nearly 2 1/2%, as investors dig through a new
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patch of corporate earnings relief today, and there are signs fed officials are concerned about issuing more large interest rate hikes, according to the "wall street journal." that would be welcome news for wall street. thanks, everybody, so much for watching this hour of msnbc. "deadline white house" starts right after this very quick break. s right after this very quick break. enough was enough. i talked to an asthma specialist and found out my severe asthma is driven by eosinophils, a type of asthma nucala can help control. now, fewer asthma attacks and less oral steroids that's my nunormal with nucala. nucala is a once-monthly add-on injection for severe eosinophilic asthma. nucala is not for sudden breathing problems. allergic reactions can occur. get help right away for swelling of face, mouth, tongue, or trouble breathing. infections that can cause shingles have occurred. don't stop steroids unless told by your doctor. tell your doctor if you have a parasitic infection.
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