tv Andrea Mitchell Reports MSNBC March 16, 2023 9:00am-10:00am PDT
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in the global banking sector credit suisse getting a $50 billion life line today from the swiss central bank new concerns about the large number of uninsured deposits at first republic, another california regional bank >> i can reassure the members of the committee that our banking system is sound and that americans can feel confident that their deposits will be there when they need them. also this hour, the pentagon's stunning video of the russian jet flying directly toward the u.s. drone and what appears to be dumping fuel on the unmanned drone flying over the black sea near crimea. >> we know that the aggressive behavior was intentional we know it was very unprofessional and very unsafe time is up the white house demanding tiktok's chinese owners sell their stake in the platform or possibly be banned from the u.s.
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senator intelligence committee member angus king joining us today. good day, everyone i'm andrea mitchell in washington where treasury secretary janet yellen is defending the administration's swift action this week after two u.s. banks collapsed, prompting those concerns about contagion spreading to the broader economy. >> this week, the government took decisive and forceful actions to stabilize and strengthen public confidence in our financial system importantly, no taxpayer money is being used or put at risk with this action the federal reserve is providing additional support to the banking system with the new lending facility this will help financial institutions meet the needs of all of their deposits. >> joining me now is stephanie
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ruhle, steve leaseman and jillian ted. senator warner -- this is technically a budget hearing they did want to know whether it's a bailout or not. but he was really going after yellen about why regulators didn't catch the silicon valley bank collapse earlier. let's watch that >> traditional prudential regulation should have caught this most of us have seen "it's a wonderful life." the question i have is, who is playing the role of mr. potter i think there were bad actors in the vc community who literally started to spur this run by virtually crying fire in a crowded theater in terms of rushing all of these deposits out. >> sktephanie, where do we stan? is first republic at risk?
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we see the contagion in terms of credit suisse. they have been in trouble on other issues before. where do you think we are? >> all of mark warner's points are fair yellen will not have an answer for any of them. that has to get investigated the vcs he is talking about taking to twitter to possibly exacerbate the bank run, what the regulators are doing that's over here separately, what's happening with banks like first republic and other banks? we are seeing some of the smaller and mid-size banks face a crunch whether deposits removed or they are also dealing with the fact that rates have gone up. what's happening with credit suisse is somewhat of a different situation. the interesting thing is, credit suisse today, people are breathing this huge sigh of relief they have gotten this $50 billion injection from the swiss national bank. here is the problem for credit suisse great, they have that money. what are they going to do with it the real problem is that their only viable business is managing
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super wealthy people's money people have been pulling their money from credit suisse for the last few years they are not going to suddenly make that up in the next few months the real issue around all of this is, what's going to happen with the fed next week is the fed going to take a pause? because rates being where they are and now this credit crunch that we are in, lending is going to get tighter liquidity is going to get more difficult. we are in for a slightly rocky road. >> steve, the veteran fed watcher among all of us. i think you tweeted something about a hawkish pause. tell me what you mean. are you talking about pausing on rates and issuing a statement? >> right i gotta get people educated on the jargon hawks like to raise interest rates and doves who like to cut them the debate right now picking up on what steph meanie was saying, does the fed stop raising
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interest rates but say, hey, if inflation is a problem and we don't see the banking system creating some of the declines or dangers whether it comes to the economy, we will go back to hiking again, or a dovish hike where they say, we will hike because we have an inflation problem now but we're not going to say we're going to hike into the future, which is pretty much what the european central bank president did today. she hiked by 50 basis points saying, i got an inflation problem. because there's uncertainty about the banking system, i'm not sure what i'm doing next >> in fact, we have that cued up jillian, i wanted to bring you in and play that >> inflation is projected to remain too high for too long therefore, the governing council today decided to increase the three key ecb interest rates by 50 basis points.
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we are monitoring current market tensions closely and stand ready to respond as necessary to preserve price stability and financial stability in the area. >> how are the markets reacting? what do you think about the ecb just did >> well, i think the key thing to understand is that although americans may not often watch the european central bank, what she just did has made janet yellen's job harder. if she does hike, if the fed does hike next week, they could stand accused of making the financial crisis considerably worse. if, however, they sit on their hands, they will be accused of encouraging hazard the reality is, that although secretary yellen said today that she wasn't encouraging the use of taxpayer money or there wasn't any in the bailout, the reality is the type of support
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that the fed is offering to american banks is effectively subsidizing them withholdings of treasury bonds which have lost a lot of value it would be the fed absorbing some of the losses, not the banks themselves, at least in the next year. the very fact that they have selectively decided to support the depositors at silicon valley bank again is creating a sense of moral hazard. there are people like the former head of the fdic who wrote a powerful column saying that this policy is wrong. what you should be doing is not going bank by bank to support them and be accused of picking winners or losers. you should be supporting all of these smaller american banks for a period and then stopping there's a lot of controversy there. the fed has got a nasty decision next week. >> can the fed also, jillian, do administratively or through other means what they are
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talking about doing legislatively but will never pass congress, which is to roll back the rollback, reinstate some of the stress testing and some of the higher capitalization standards >> one thing is in 2018, they released rules after the last financial crisis that was nuts. i can't say that strongly enough we see the cost of that. particularly doing that in the era of cheap money the other issue is that they hamstrung the fed and the fdic in terms of the powers that it could use to actually stabilize the system they took away a lot of the mechanisms they employed in 2008 they are not allowed to do those things anymore that was nuts. there needs to be a wholesale look at how the regulatory system has evolved lessons need to be learned by europe where there's a better scheme one other thing about this
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fingerpointing at the silicon valley venture funds they have a fiduciary duty to their investors to act in the face of risks. if they pulled money out of silicon valley bank early last week knowing that there were problems building in the bank, he yes, you can say that started the bank one if they hadn't, they could have been sued by their own investors. >> can i add to that two things people keep talking about this rolling back of dodd-frank, whether it was good or bad there's this political fingerpointing had the full dodd-frank still been in place today, silicon valley bank would have passed the stress tests i think there's this general idea out there, more regulation versus less regulation, what it
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is is smart regulation the point jillian made about the responsibilities is a really important one that i think is getting lost in translation. the ceo of silicon valley bank did something highly unusual that was a massive mistake he got on a conference call with all of the customers and basically said -- i'm paraphrasing -- we have this loss, but we have been there for you for a long time. please keep your deposits and be there for us he was clearly skittish. had all of those customers not pulled their money out, they could then be sued by their investors saying, hold on, you were saying to the ceo, i got your back and now our money is gone the point jillian made is a really important one >> this is going to be one of the hottest debates we're going to have in this town for a long time 67 people voted for that rollback they were led by warner -- the
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chairman and ranking on the committee. the banking committee, they were all on the line on this. stephanie, steve -- >> can i say, we should discuss this with stephanie's cool glasses. that makes banking policy more exciting >> she's smart as anything with or without those glasses >> you can get them on amazon. three for $20. >> she's also a bargain hunter moment of impact new video showing part of what happened when a russian jet dli collided with the american drone over the sea this is "andrea mitchell reports. stay with us you are watching msnbc the adventurers and the doers. to everyone that works hard and plays hard.
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the war in ukraine began more than a year ago now. this video showing the midair clash between a russian fighter jet and a military drone you can see what the u.s. says is fuel being poured on to the drone by a russian fighter jet the pilot then returns to drop more fuel. he collides with the drone's rear propeller, temporarily cutting off the camera feed so you don't see the actual collision. whether i when it returns, you can see the propeller is damaged the u.s. military had to bring the drone down into the black sea. there were efforts to erase all of its sensitive data first. three u.s. officials telling nbc news the highest levels of the kremlin approved the aggressive actions over the black sea joining me now is courtney ruby.
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the kremlin approved this aggressive maneuver. there have been a number of aggressive maneuvers according to john kirby, near collisions, near intercepts. what's going on? when you say high level, are we talking about vladimir putin >> that's the question we were asking does it go as high as pospisil the officials we spoke with were clear to say that it's the highest level of leadership without specifying it goes to vladimir putin something that's going to happen at high levels in the kremlin, it would be difficult for him to not know about it. but we just don't mknow whether he was informed. russian civilian leaders approved of this aggressive maneuvering. this included weaving in front of the drone at very close distances and then as we see in the video, dropping fuel to viewers, it might be surprising what that looks like. it kind of looks like a vapor or a cloud as opposed to what we
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would think of jet fuel. dropping the fuel on it. the officials who we spoke with said they aren't sure what the intent of that fuel drop was the reality is, it seems plausible it was to disable the drone or throw it off course as we know, because of the erratic piloting by the russian military pilot, because of that, one of them clipped the drone, damaging the propeller the propeller, because of that, it lost propulsion the u.s. had to down it in the black sea. the u.s. -- we have known about this for 48 hours. we just now got this video a number of officials who i spoke with said part of the reason that they put the video out today is because they want to show that the u.s. narrative here is the correct one, not the russian narrative. the russians saying that there was never any contact between the two aircraft and they are denying there was any aggressive action on the part of the russian pilots >> do we know the result of the
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call that did take place between secretary of state -- secretary of defense, rather, and his russian counterpart? >> we know that it happened. you and i are used to getting readouts of the calls. i will say that this is a new level of no information on a readout of a call. we know nothing other than they spoke. we know that the chairman of the joint chiefs spoke with his counterpart. we have almost no information about what they discussed. officials are acknowledging they discussed this incident over the black sea. we just don't know exactly what the tone of the conversation was. >> hang on i want to bring in ben rhodes, the former deputy national security advisor with barack obama. you have dealt with vladimir putin. vladimir putin has made every wrong bet in this war, but has the advantage of time on his
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side, if he can outwait ukraine in terms of manpower and a war of attrition now all this, direct confrontation with the u.s >> i think what vladimir putin's view is the black sea is our sphere of influence, it's our space. to be clear, it was international airspace, international waters the russian view is, stay out of our neighborhood what's happening is a pattern of these close calls. we have seen the russians push the envelope over the years in terms of close calls between our aircraft here they knew it was an unmanned aircraft. they are trying to back us off they are trying to make life more difficult for us. they may be trying to learn something or recover sensitive information from a drone the administration is trying to get ahead of that. the russian narrative will be it is the u.s. that's the agg aggressor. i think putting this out is a message to the world the audience is the global audience to say it's the russians again who are being the aggressor in a military
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escalation >> one of the other issues here is what they can retrieve. they have assets there they have a navy there we don't we stay out of that space. this is what general milley said about any recovery -- ability to recover. >> we know where it landed in the black sea. it's in 4,000 or 5,000 feet of water. it probably broke up there is probably not a lot to recover. >> what's intriguing is that what the russians put out was that the drone was approaching their border they mean the crimean peninsula which we don't recognize at russian. we say it's part of ukraine. >> that's right. that's what of what is going on. this is like the russians believe or say crimea is their territory. the black sea is their real estate stay out of our neighborhood i think that's the main message of these kinds of encounters
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probably more so than whatever they could try to get from recovering a drone that as general milley said is probably broken up and not of much use to them the broader concern, to pull back, is there are a lot of places where the u.s. and russian military, u.s. and russian aircraft and naval vessels may be in proximity. there's risks of these incidents escalating, particularly if it's a manned aircraft. part of the reason you have this hotline and this communication from lloyd austin and general milley to the russian counterparts is to manage that escalation risk. we're not going to get out of this airspace. we are going to do this. we have every right to fly planes in international airspace so deliver that message as well that this isn't going to work. >> we have about a minute. i did want to ask you, because you have deep experience, what's happening in israel? today, the prime minister has rejected a compromise offered by
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the president of israelto try to come up with a solution to all of the protests, enormous protests, the military protesting which is unheard of all against the netanyahu hard-liner coalition, attempt to take the away the independence of the supreme court and other judiciary, which would change israel as a democracy. >> i think it's incredibly transformative moment for israeli democracy. you have an extremist coalition trying to ram through something that clearly a majority of israelis do not want there have been hundreds of thousands of people in the street you have the establishment of military lawyers standing up against that if they -- we are in new waters in terms of the nature of israel's democracy >> ben, it's great to see you. thanks so much
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in texas, the texas standoff at any moment a federal judge in texas could crush the fda's long-standing approval of a widely used abortion pill. what a ban would mean for millions of american women next. you arwae tching "andrea mitchell reports." this is msnbc. i have moderate to severe plaque psoriasis. now, there's skyrizi. with skyrizi 3 out of 4 people achieved 90% clearer skin at 4 months, after just 2 doses. serious allergic reactions and an increased risk of infections or a lower ability to fight them may occur.
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a federal judge in texas could soon issue a decision that could ban a common form of abortion in america. anti-abortion groups want to overturn fda authorization of the abortion drug fifepristone and have it pulled off shelves the case is playing out in texas before a judge with a record of writing against abortion it's a case that could impact the country. even in states where abortion is legal. despite the drug having fda approval the last 20 years with us today is senior legal correspondent laura jarrett, former obama white house policy director dr. patel and victoria defranchesco welcome all. laura, we need the lawyer read on this.
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it was a four-hour hearing taking a look at the questions, the way the judge was questioning both sides, and he has a controversial history on this issue what is your read of what's going to happen? >> it's interesting. he appeared to be really interested in sort of the safety history of the drug, questioning the government, the justice department that's representing the fda in this case quite aggressively on that point, as i understand, based on everything -- all the great reporting we have seen on this case of course, the fda's position is the evidence is clear that the drug is very safe, that they evaluated it in multiple ways and have multiple opportunities to do so the judge was pressing them on that in particular, some of the loosening of restrictions that happened in 2017 and then later during covid when the drug was made available by mail and through telehealth it will be interesting to see whether the judge gives them the full relief that they are
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seeking. the plaintiffs want a nationwide injunction taking the drug off of the market entirely perhaps he does a narrower ruling just focusing on the different and loosening restrictions that we saw in more recent years >> dr. patel, this drug has been studiyied so closely how safe is it >> not only do we have incredible safety evaluations, but it has a program that's put into place like drugs like this and several other drugs where doctors have to register when we are prescribing and talk to patients about the benefits and risks and follow up about how they tolerated the drug. we have been doing this for 23 years. the evidence was so compelling that overwhelmingly the biden -- the trump administration, even
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the obama administration, three administrations have been weighing removing those additional safety monitors because we have so much data it just seems like that after 2 years of using this safely and humanely -- taking this away from women is going to make any process with the available medication that we do have, which we will still have, it could be a longer process, less humane, more painful and unnecessary for women. >> victoria, the judge talked about the dobbs decision i want to play what he said during his confirmation hearing. >> do judges apply their religion convictions in the course of making decisions >> they should not >> do you believe they do? >> senator, in working in the
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private government and non-profit sector, i can't recall an instance where i observed a judge imposing their religion but i will say for the record that it is inappropriate for an article 3 judge to do so >> we don't know what he is going to decide. whatever he decides, the federal government -- if he does ban the pill, they will take action and try to get that held up. it's going to go through the courts if the pill is banned, how widespread would the effect be, given abortions are so limited in -- other kinds of abortions are so limited in other states >> it would have a widespread affect on the day to day lives of women in the country. i also think that it would have an impact in the political overreach that it would cause. when you look at public opinion regarding abortion, it's very clear that there's a wide
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middle there's two camps that believe abortion should be legal in all circumstances and others it should be legal in no circumstances. the majority of americans are in the middle and even more specifically, you see about two-thirds of americans supporting the right to an abortion in the first trimester. when we are talking about medical abortions, we are largely talking about that first trimester. this really is going through that extreme of the american public and saying, abortion should not be allowed. it should not be legal that does not match up with public opinion if this does end up happening and we see this going up through the 5th circuit court and holding, this is going to cause a strong backlash. >> one of the big issues that was at stake here in the hearing, laura, was whether or not the proper regulatory process had taken place when the fda first authorized the use of
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this drug. >> that's right. it took four years for the fda to approve this drug then again, it continued to re-evaluate its safety over the years as different associations tried to push back on some of the regulations and other associations would say, we should loosen the regulations. they have looked at this for a while. we should point out, even this debate that's happening in court about whether or not it's safe or not is pretty extraordinary that's the kind of debate you would see that would happen at trial. the fact that this is happening in this context, in the preliminary injunction hearing is quite rare. normally, you wouldn't do that you would have a trial on the merits you would hear evidence on both sides. if he does again what the plaintiffs want, a nationwide injunction before any trial, that would be a pretty unprecedented move >> laura, dr. patel, victoria, thanks to all of you on the clock
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the biden white house saying that tiktok's chinese owners need to sell their stake in this wildly popular social media app. senato r angus king of theri intelligence committee joins us next ur business, you can make it even smarter. now ports can know where every piece of cargo is. and where it's going. (dock worker) right on time. (vo) robots can predict breakdowns and order their own replacement parts. (foreman) nice work. (vo) and retailers can get ahead of the fashion trend of the day with a new line tomorrow. with a verizon private 5g network, you can get more agility and security. giving you more control of your business. we call this enterprise intelligence. from the network america relies on. [♪♪] if you have diabetes, it's important to have confidence in the nutritional drink you choose. try boost glucose control®. it's clinically shown to help manage blood sugar levels and contains high quality protein to help manage hunger and support muscle health. try boost® today. whoa. okay. easy does it.
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♪ we'll scale up, and we'll scale down ♪ ♪ before you're six feet underground. ♪ ♪ yes, this is how, this is how we work now. ♪ the biden administration is shifting its policy for the widely popular social media app tiktok now threatening a potential ban in the u.s. if its chinese owners refuse to sell their stakes in the app. a source close to the company telling nbc news today the ceo of tiktok is scheduled to testify before the energy and commerce committee next week joining me now is chkristin welker, the co-anchor of "weekend today." why the shift now in the policy by the biden administration? >> this is really a hardening of the stance by the biden administration
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it comes after what you mapped out. there's been this bipartisan push on capitol hill you have this legislation that was passed with democrats and republicans in the senate that would essentially give the administration more authority to take actions against social media companies like tiktok, potentially even banning them. you have the politics of this. republicans have been critical of this president saying he hasn't been tough enough on tiktok all of that is the backdrop to this action. again, this is a significant potential escalation of the pressure that the administration is putting on tiktok in terms of what this means though, the reality of it, a source close to tiktok tells me the company did not view this as a final offer. and also, this could be months in the making. this is what the company had to say in response to this.
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>> the backdrop of this is bipartisan pressure to be tougher with china and concerns that our intelligence community expressed about the fact that tiktok can be so-called privately owned, but it's a chinese company. china has access to all the data that it can be getting and it can use i'llalgorithms. >> there are national security worries about tiktok the white house, the treasury department not commenting directly on this news. he did underscore what you said, that there are some real concerns about privacy, about data, about the national security implications of this. this is something the president has expressed, this white house expressed support for the bipartisan legislation as well
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a source close to this company underscoring they really see this as the beginning of what could be a months-long process, back and forth all eyes are on capitol hill when the ceo testifies next week >> chkristin welker, thank you. we are glad we could talk to senator angus king who is on the armed services and intelligence committees and joins me now. senator, what do you think of the biden administration's threat to ban tiktok in the u.s. if the klchinese owners refuse o sell >> you asked the reporter why they took this position at white house. the short answer is, they must have read my bill. marco rubio and i introduced a bill a month ago that outlined exactly the process that they are suggesting, which is if you don't divest of this operation of this company outside of china, then it will be banned. that's exactly what marco and i
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suggested. the reason is, there are two national security reasons. one is that china actually has a law that any private company that's requested by the chinese communist government has to make up data. it makes any agent of the chinese communist party. tiktok has enormous amounts of data what you are doing with your phone, what you are looking at, what you are emphasizing, where you are. that's a problem the second problem is the power that this has to suddenly or not so suddenly influence people by what's chosen, by what you look at, by what comes on your feed to influence people in a direction the chinese want we got upset about the balloon this is a -- this isr pocket it is a serious risk we don't want to ban it.
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we do want to get the ownership into people or companies that aren't beholden to the chinese communist party. pretty straightforward. >> what the company said today in the statement was that divestment would not change that wouldn't change the access >> i don't know exactly what they mean or what they are thinking about divestment. to me, if the ownership is in the united states or in canada or in europe and it's no longer -- no longer has control or interest of the chinese government -- the chinese government itself has a share of the owner of tiktok. i think a couple of seats on the board. clearly, that's what we are trying to get after. >> that's exactly what came up at the -- on the house side at the hearing. i know you were on the senate side and it came up there. this is what the general had to say, the head of the nsa
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>> one-third of americans get their news from tiktok every single day one-sixth of american youth say they are constantly on tiktok. that's a loaded gun, congressman. >> senator, do you agree, a loaded gun >> absolutely. the general is absolutely right on he is the most knowledgeable person in the united states government about threats he is in charge of cybercom and the national security agency he knows he is right. i think it's a good step that the white house has stepped in and essentially endorsed the idea it really is a very significant national security risk >> senator, i know you have been busy in armed services all morning. the way you senators have to work on all kinds of things at once something happened in senate finance while you were in armed services with janet yellen and senator cassidy on the subject
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of social security you have been working with senators cassidy and others on trying to come up with some bipartisan agreement on social security senator cassidy just went at her for the way -- he feels the president's budget ignores any fix to social security let me play that for you >> the $4.5 trillion in taxes he has proposed, not a dime is going to shore up social security does the president know personally anybody who is dependent upon social security and if their benefits are cut for 24% they will slide into poverty? it's hard for you to know. i will give you a pass -- >> the president knows many people on social security. >> why doesn't the president care >> he cares very deeply. >> where is his plan >> he stands ready to work with -- >> there's a lie o when a bipartisan group of senators has requested to meet with him about social, so that
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somebody who is a current beneficiary will not see her benefits cut by 24%, we have not heard anything on our request. >> senator, where do you stand on this? social security is once again becoming the third rail of american politics going into '24. >> what senator cassidy is referring to that is in nine years, social security goes insolvent, and by current law -- this isn't anything anybody will have to take action on by current law, whethern that happens, benefits will be cut by 24% as he said that's the risk. it's nine years away there's a group of us that have been working on this i'm a little more sanguine than bill cassidy i think this is something that we have to attend to we may not be able to solve all the problem right now. but i think there are steps we can take that don't involve cutting benefits, don't involve
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increasing the retirement age, don't involve increasing taxes there are steps to begin the process. that's what i'm hoping we are going to be able to discuss with the president. >> to be continued senator, thank you very much >> thank you >> we appreciate it. storm brewing. why was stormy daniels talking to manhattan prosecutors this week what could it mean for former president trump's legal troubles ♪ start your day with nature made. the #1 pharmacist recommended vitamin and supplement brand. y'all wayfair's got just what you need for your home. do they have stylish beds at great prices?commended whoo, this bed is dreamy. you're kelly clarkson? yes. and you're in our bed? yes. what about five star dining sets? sorry i didn't have a reservation. you're kelly clarkson. i love your work. thank you.
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yeah, it happens. that's why visionworks gives you 100 days to change your mind. it's simple. anything else i can help you with? like what? visionworks. see the difference. a film storm stormy daniels says she spoke with new york prosecutors and agreed to make herself available as a witness or further inquiry in needed former trump fixer michael cohen ended his testimony yesterday. we spoke to nicolle wallace. >> do you believe you were the last wince they heard from >> i don't know the answer again, i'm not involved in the inner discussions regarding the completion of this case.
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i would spect i certainly am close to the end of the testimony that is necessary. >> joining us now, former u.s. attorney and senior fbi official chuck rose been berg, now an msnbc liquiditior. chuck, what with ked read from the fact that cohen has finished his testimony, prosecutors reached out to stormy daniels to go over a story or find out if she would be available, or whatever i think he's probably right, and traditionally you talk to the important witnesses toward the end of the investigation, but we
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also know he's met with them almost two dozen times he's likely right they're probably close to the end, but that doesn't mean that mr. trump will be charged. it just means they're near the end of the investigation, and now have to make a prosecutorive decision as no ms. daniels she wasn't on the paper, so to speak she didn't falsify records, but she was the reason behind the hush money payments, and so obviously someone prosecutors
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would also want to talk to >> would they want to make sure of her story, if she were called by either side >> no surprises, that's exactly right. that's why you use a grand jury. you take a person's testimony under oath if they were to change a story subsequently, they would to say something different in front of a jury that's substantive evidence of what the testimony is. if you got nerve out, intimate at a timed or you honestly forgot, instead of saying the light was red, the prosecutors could use your original testimony to prove the color of the lights
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is there any way to read what the next steps would be? they would still have to have a closing argument or a presentation to the jurors they would have had to have a vote what wases actual timeline >> presentation is the right word prosecutors go -- they might have a summary witness then they had prosecutors walk out leaves the indined behind them with the grand jurors, and they would deliberate and vote in secret. that's how you present an indictment to a grand jury for its consideration. if the grand jury agrees that
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they see probable cause to believe that mr. trump or someone else broke new york state law. they would run what we call a true bill, an indictment >> i want to ask you about fulton county, the probe on potential election interference, nbc is now confirming that the grand jury has disbanded they heard a phone call from then president trump, telling ralston that he wanted a special legislative session to overturn the results. does this have any major evidentiary impact >> it has what he would call probative value. it's his intent. as you have and i have discussed many times, intent is keen in all of these cases >> chuck rosenberg, as always,
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