i am manus cranny and divide it. facing the feds appeared ftx cofounder sam bankman-fried arrives in new york to face criminal charges. two of his associates pleaded guilty to fraud in connection with the collapsed crypto exchange. unwavering support. president biden doubles down on backing ukraine as long as it takes. this as president zelenskyy makes with washington lawmakers and his first trip abroad since the russian invasion. plus, germany's finance minister says the berlin is veering away from overreliance on russian energy and pipelines. a vision for truck -- strong transatlantic ties in a bloomberg exclusive. >> i vision is a free trade zone of liberal democracies in the world. one of the first steps could be to improve the trade relationship between the united states and european union. manus: he also said nobody should fear tesla. she went to buy tesla next year? let's have a look at the stock market because that is the message from a number as the recovery is not going to be. nike on the upside. f con is a

manus: absolutely. columns every day from john on the very latest on the gas crisis in europe. eu nations are gathering for preliminary agreement to clear the way for ukraine to receive 18 billion euros in support from the bloc. it comes after hungary dropped its opposition in exchange for a reduction in penalties over graph concerns. the imf recently increased the range of foreign aid it estimates ukraine will need to three to $5 billion for the next year. ukraine's prime minister, france's finance minister, or do to speak at 3:00 p.m. today, moderated by maria tadeo. you can catch that on live go on your bloomberg terminal. dani: coming up on this program, strike action. u.k. rail workers are striking today after latest talks failed and they are certainly not -- we will explain. this is bloomberg. ♪ dani: let's take a look at some of the events we are watching out for. it is set to be a volatile day. 10:00 a.m. u.k. time europe's biggest economy is in focus. we are going to get germany's zew survey to

dani: good morning manus.overnor kuroda says it's not an exithe widow maker trade is still alive and well but you've got to have deep pockets to run those monster shorts at this level. we will debate that with our guests throughout the next hour. dani: in the meantime, we are seeing the ever so slight hint of some risk buying. don't let the headline figures fool you. s&p 500 is on track for its second-worst december on record. continued to see losses in the nikkei. the banks getting a boost from higher yields. manus: the irony is they might have abandoned the cap but they have done more qe. 10 year government bond yields in the u.s. fall for a fourth day in a row. dollar-yen. monster move yesterday. will it endure? dani: let's unpack the market fallout from the boj surprise policy decision. michelle joins from our bloomberg news team on the latest policy changes. our field reynolds will also help us walk through the bond market impact. manus: we have them all there. they really are just hiding for the moment.

manus: pressing the pivot. asian stocks and commodity currencies rise as china accelerates easing of covid curbs across cities, including shanghai. oil gains as optimism on china's reopening quickens, and opec+ keeps production steady. sanctions on russian oil kick in today. the wall street journal reports, saudi arabia's crown prince mohammed bill bin salman is preparing to take a state in cfb, the investment bank. larry summers, i love what he says, we will face a wiley coyote moment and all try to sell our houses and grab some credit. that is the wiley coyote moment when rates rise and we convulse. we are not there yet. dani: perhaps you have a house to sell, so maybe larry summers has heard a word from you. it is this question whether we are there or not yet. the debate got complicated with friday job numbers that showed strength. we heard from equity analyst after analyst, bank of america the latest saying we will rally into year end but equities have further to fall on this narrative. manus: i have one mo

manus cranny in dubai. the eyes are the stories that site your agenda. >> global stocks and treasuries climb as traders await today's u.s. ppi data. expected to show doing to cool. momentum weakening. china's inflation measures soften as the economy stalls. willing to boost -- boost oil trading. credit suisse completes a $4.3 billion capital raise, giving the embattled swiss bank the funds needed for restructuring. pretty good morning. i knew we would get some value out of you before the end of the week. good to have you with me this morning. it's the worst year for stocks since 1974. the number of days that we rallied to the number of days that we lost. it's not good. kriti: i wasn't around in 1974. there are so many comparisons made to the 70's by some of the bowls. marco kalon a fish has talked a lot about this. is this a repeat of the volcker era? he says there's a super cycle underway when it comes to commodities. energy stocks won't be a part of it. he's expecting a 20% drop in the sector. what do you

manus: and the monster power price rises in the u.k. soaring as the freezing weather crosses united kingdom. the impact, on bloomberg. ♪ >> i feel that right now things are going in the wrong direction. we are entering -- starting with the united kingdom and the euro zone. and inflation is still too high. we are entering a stagflation like we have not seen in -- since the 1970's. >> the question will be is the pause is a high hold. i think that is more of the scenario we see with recessionary risk in the u.s. rising towards the end of 2023. >> those are the aspects that all the policymakers are trying to addressed. over the next 6-12 months, i think that will be --. >> i don't think we are going back to the last 10 years that we have had of acute financial regression. i do think you will have a normal interest-rate environment going forward. >> it is going back down for sure. that is a possibility but i think it is highly overrated. manus: various voices on rates and where the markets are heading. this is the mliv pulse survey. when ask

manus: finish me off.here's the biggest risk in housing and if you say at home in london, i will never forgive you. >> actually, i think it is probably somewhere between australia, canada, sweden, and the u.k.. there's no moral for their that probably will be the most vulnerable. manus: you just put that in at number four to try to soften the blow. >> it has to be on the list. dani: things could always be worse. that is my take away. we both have a place to sell you, michael, if you are interested. let's say we finally see those play out. the housing market takes its toll. the consumer finally slows spending. this has been the question for 2022, and it feels like it will be the question for 2023 as rate risk starts to dissipate. how bad does the global downturn get? >> i think this is where actually we don't have to be too pessimistic. going into the recession or going into the slowdown, balance sheets are actually in pretty good shape. because of that, consumers and corporate have been quite cash-rich. ye

manus got the v.i.p. treatment.ou pointed this out there are those pictures of musk at the tournament. what was up with that? manus: so hopefully they're going to roll with the photos. it's his royal highness hamid altani. i think where this whole mix becomes very beautiful. elon is looking for more money for the twitter deal he did at $54. the pictures are on the screen with jared kushner and elon musk. some reported that musk is doing a followup offering. you've got to ruling family all in a box. and he said, buddy any chance of a third of a billion? do you think? do you reckon. i might even ask my fans on twitter whether i should step down as c.e.o. so it's a beautiful -- it's a beautiful dream. it's a beautiful game. and it's a beautiful story fit comes to pass if the qatari live large for another third of the billion into twitter. pure speck lakes. -- speculation. dani: he tweeted out that poll whether he should stay when he was the qataris. there is no successor. so i don't know who else -- it seems like he's

manus: it has.ill just reinforce the fact that we are spending -- we are trying to spend like 2014 and 2018, by many double-digit multiples. there is controversy. for the lgbtq community, the captains not being allowed to wear the one love armband. i don't think it is a changing of the rules and alcohol, everybody can live for three hours without a beer. it is the principle of how you change and communicate with the world. there is another sign which i think you at home, in america, and another faces, don't see. that is the governor rising of the gcc. sitting with the all counties. on morocco, the north african north -- nation, rallying. the arab nations around those. we can spend a lot of time, and we should continue to talk about those big issues. worker write, death certificates, lgbt rights, there are many, many things that the world should continue to talk about, not just here in qatar but if saudi arabia goes for a bed with the world cup. what will top the agenda done? success is measurable in

manu, a lot is going on. let's begin with those taxes.hen are we going to learn more about these taxes and maybe even see them? >> reporter: yeah, we could actually see these very soon, and it could be a significant amount of information that donald trump has spent years trying to protect and not release to the public, contending he was under endless audit, going to court to battle them, ultimately turned over to congress just a few weeks ago. and now tonight in a party line vote house democrats voting to move ahead and release these to the public. what we are talking about here is six years of trump's tax returns including tax returns for eight affiliate businesses. we also expect to see irs audit reports as well as two reports, the joint committee on taxation, which is a nonpartisan group that analyzes taxes. we expect that report to come out tonight as well as the committee's report analyzing these tax returns. that also will be released tonight according to committee officials. now, when i asked the chairman of the committee, richie n

tom: we will be back with manus on monday.markets you are seeing losses of 9/10 of a percent. futures in the u.s. pointing down by more than 1%. surveillance early edition is up next year this is bloomberg. ♪ as a business owner, your bottom line is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable 5g network. with no line activation fees or term contracts. saving you up to 60% a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today. comcast business. powering possibilities. it's official, america. xfinity mobile is the fastest mobile service. and gives you unmatched savings with the best price for two lines of unlimited. only $30 a line per month. that means you could save hundreds a year over t-mobile, at&t and verizon. the fastest mobile service and major savings? can't argue with the facts. no w

manus wimuktipan shows us what the building used to look like.side, the monkeys are busily chomping on corncobs. this vendor didn't manage to sell everything, so let them have the leftovers. >> i feel sorry for them. they have nothing. and they're part of the town. reporter: many here agree with him. but clearly, this is no life for them. even if it is the only life they've ever known. this could be one solution to the problem -- an enclosure on the outskirts of town. it would be a refuge for the macaques, and they'd be properly fed. but unfortunately, tre are delays to its construction, and the plan is proving expensive. neighbors are also protesting. they don't want monkeys living delayson their doorstep.on, and tveterinarian juthamsa supanam was born in lopburi and also sees the monkeys as a piece of local tradition. but for years she's been seeing a decline in their health, and an increase in accidents. juthamsa: many are obese and therefore less nimble when they cross streets. in general, they have many of the same problems as humans. they h

manu, let's start with you, what did he say? i asked him about this, this is the second straight week he began a press conference criticizing donald trump. this is not something that mitch mcconnell typically does, he rarely mentions the former president. but last week he came out and criticized the dinner that trump had at mar-a-lago with white supremacist nick fuentes and rapper ye, kanye west. today, i asked him about the post, donald trump's social media feed saying that the constitution should be terminated. i said could you support donald trump if he became the republican nominee. this is the second straight week you've come out to begin your press conference criticizing donald trump. can you say categorically, you cannot support him if he were the republican nominee. >> what i'm saying is it would be pretty hard to be sworn into the presidency if you're not willing to uphold the constitution. that's what i said. and i just said it again. >> reporter: so, again, not saying if he would support trump one way or the other. an

so a few thing, number one, as manu said, this is a statement from congress, right.you know, doesn't have to adhere to it. as we've seen already they've gone ahead with prosecution. look, as a statement it's a pretty powerful one that they believe a crime was committed and maybe even more powerful by the fact that they announced it the morning members of law enforcement were getting congressional gold medals for their valor on january 6th. that was, i think, not an accident at all. and a very effective bit of stagecraft on the part of the committee. now, you know, what could it be? we don't know. you know, certainly from watching the hearings it appears that witness tampering or obstruction of justice department a-- justice. anyone who might have been working in concert with could be referred for a crime -- for a criminal offense. finally last thing, it's not just crimes here that can be referred. for instance, individuals who are attorneys could be referred to bar associations and put their law license in jeopardy if they engaged in mischief or wrongdoing. this is c

i want to switch topics, manu. there's still plenty of talk and reaction to news that kyrsten sinema will leave the democratic party. i know you caught up with joe manchin. what did he have to say about this move? >> reporter: a big question. what will joe manchin do? whether he will do what his like-minded democratic senator, once democratic senator now independent kyrsten sinema will do, leave the democratic party and become independent. i? ed asked whether he would follow her. he did not shut the door. >> i'll look at all of these things. i'll look at every circumstance and have no intention of doing anything right now. whether i do something later i can't tell you what the future will bring only where i am in my mindset and want to accomplish long as i'm here with the senate. i want to work with her same as before. >> reporter: manchin up for election in 2024, not made a decision whether or not to run again and, of course, if he decided to run as independent a whole range of implications as well, but as you hea

on the hill and so, manu, let me start there, the gop blame game has begun. was this a big enough loss to chip away at trump's grip on the party? what are you hearing from republicans? >> reporter: there is a lot of blame that's being spread this morning. i've been spending the day talking to republicans who are concerned about their strategy, tear tactics, about donald trump's involvement and all saying things need to change in different ways in order for them to get back in the majority in 2024. some saying it was trump getting directly involved selecting these candidates and pushing them through the primaries, some blaming the national republican senatorial committee for not being more assertive in its own approach. the national republican senatorial committee decided not to get involved in the primaries. when i asked rick scott, the chairman of the committee why he didn't get involved, he said it was up to the voters and he defended his approach. should you have taken a more active role and trying to prop up the candidates to be more electable. >> you got

all of that i do want to of course bring in our chief congressional correspondent manu raju to begin. because in these crucial final moments where zelenskyy now is final preparations going to be heading into that joint meeting of congress, you have new information about what's happening behind the scenes right now. tell me what you know. >> yeah, zelenskyy meeting with other members of congress. and we are told our colleague heard from a source that kevin mccarthy, the republican leader, who wants to be the next speaker of the house, did in fact meet with the president of ukraine just moments ago. we saw pictures of three other -- the three other top leaders in congress, mitch mcconnell who has been a staunch advocate for more funding for ukraine, nancy pelosi, who of course was the one who was spear-headed his visit to the capitol today. she was the one who was in charge of all the coordination here. she of course met with zelenskyy privately. also chuck schumer was there. we did not see pictures of kevin mccarthy. but we are told that they did in fact have a face-to-face interaction

manus: there is the interesting point, haslinda, what is success?nal, global reputational moments? maybe not. marred by controversy over lgbt rights, wearing that one love armband, that was banned. workers rights. amnesty international talking about workers' treatment. there was controversy over a number of issues, not least that the night before the greatest party in the world, the rules changed and there wouldn't be alcohol inside the stadium. that is not huge in and of itself, but reputations are built, not bought. yes, records were spent, you have record viewership, but reputation, as i was taught when i was very young, is something that is earned, it's not bought. haslinda: well, manus, who will win argentina, or france? you're going on record with this. manus: well, you've got to say, as a european, i am inclined to go for the french. of course, argentina, i mean, lionel messi, it would be such a triumphant moment for him if he and his team managed to. . make it through and win all. it will be exciting. i can tell you, when the u.s. game was o

manu, let me begin with you.because you have been going through this report and i understand speaker pelosi has put out a statement. what did she say? >> she indicated they plan to move on legislation in response to the report, in response to this investigation by the ways and means committee that found that mandatory presidential audit program under the irs had not moved forward. in the words of the committee, it was, quote, dormant during the presidential years during donald trump and didn't act until 2019, when chairman of the house ways and means committee, richard neal, sent a letter in april that year to the irs asking for tax returns. that spawned the audit, they say. that should've been done when donald trump became president in 2017. but it was not done. and as a result, nancy pelosi, in her final days in power here, is indicating they will move forward likely this week on legislation. they said in a statement the ways and means committee report makes clear the legislative steps that must now be taken to

you heard it in manu's report.ch mcconnell talking about this months ago, and that's a euphemism from a trump backed republican. they got an extra seat or if they kept a seat in georgia, but the whole question of trump and trumpism being alive or not is going to be on display in early january when we see the race for speaker and kevin mccarthy because it is totally different dynamic there where he is still trying to actively appeal. he needs to appeal if he wants to be viable at all to be speaker to trump, trumpism and not just the base, the voting base but actual candidates in the house where the sort of environment is different. >> would republicans have done better, abby, if they had a less controversial candidate? >> in georgia, yes, absolutely. herschel walker despite all his flaws got almost 50%, 48% of the vote. that really just tells you that this state still very much has a red blueprint. there are a lot of republican voters and republican leaning voters in that state. and look at the other republicans who

manu raju. manu, in the crucial final moments where zelenskyy now's final preparation is going to be heading into that joint meeting of congress, you have new information about what's happening behind the scenes right now. tell me what you know. >> zelenskyy meeting with other members of congress, some were told that the colleague, heard from the source that kevin mccarthy, republican, later who wants to be the next speaker of the house did, in fact, meet with president of ukraine. and just moments ago, we saw pictures of three others, the three other top leaders in congress, mitch mcconnell who's been a advocate for the funding of ukraine, nancy pelosi who, of course, was the one who was spearheaded to the visit of the capital. today she was the one who was in charge of all the quarter nation here. she of course, met with zelenskyy privately. also, chuck schumer was there. we did not see pictures of kevin mccarthy. but we were told that they did, in fact, have a face to face interaction. of cou

manu, is paid sick leave in this bill? >> reporter: it's not at the moment, but there will be votes this afternoon. in just actually a matter of minutes the senate will vote. that is significant because it required the support of all 100 senators to agree simply to schedule a vote. and that deal has been locked in. meaning we are going to get to final passage of this deal to avert a rail strike this afternoon. and assuming that gets 60 votes, that will be approved and it will be sent to joe biden's desk. now, there is a process for this to happen. first there will be an amendment by republican senator dan sullivan who actually delay the december 9th deadline where a strike could occur if no deal is reached between the railways and the workers. they're trying to delay that december 9th deadline for two months. that is expected to fail, also fall short of 60 votes. then there's the issue of paid sick leave. this is what's caused the hang-up for? ? time. because the agreement between the rail workers and the industry is silen

. >> cnn chief congressional correspondent manu raju is here now.omplicate things for mccarthy? >> yes, he has a math problem at the moment and kevin mccarthy needs to figure out a way to deal with that problem. this in the aftermath of andy biggs, the conservative from arizona, who tried to defeat him behind closed doors for the nomination to become speaker last month. but biggs lost that race but he was able to peel away 31 votes away from kevin mccarthy. in order for kevin mccarthy to become elected speaker on january 3rd he can only afford to lose four votes so if those protest votes, the ones who supported andy biggs continue to support biggs on the floor on january 3rd when they vote to elect the next house speaker that means mccarthy has a serious math problem. behind closed doors republicans engaged in a tense debris and allies called for unity and some detractors said there need to be some changes. >> it's nothing new in our history. this is normal. we're having a debate just like the democrats did last time. there was an enormous discussio

so, manu raju, can you explain, what do you understand that they have just voted to release?iously they are going to be clarifying no tax i.d., social security number is going to be removed. that was a specific point. but, i mean, what is getting released to the public? >> reporter: this is a major development after years of not seeing donald trump's tax returns, there is a clear sign, a movement by congress to potentially release donald trump's tax returns or a summary of those returns to the public. what just happened was a vote along straight party lines. republicans all voting against a motion to submit this report for the record. democrats all voting in favor of it. democrats still in the majority for another couple of weeks going down along party lines 24-16 was the vote. they submitted the report to the house on trump's tax information. now, what exactly does that mean? it is still unclear at this moment. it could be, as you said, a summary of those years of tax returns, those six years, personal tax returns, some business tax returns, what the committee has found. per

manu raju is live with us. manu, there's a lot on the to do list. walk us through it.hat is the big question. they are still negotiating a full year funding bill to fund the entire federal government even though the deadline was nearly three months ago, september 30th. now they have a new deadline, next friday to get that done. if they don't release legislation that details by monday, it could make things very difficult to get it done by the end be of the week. there is a lot riding on the table. roughly $1.64 trillion in funding across the federal government. $37 billion in funding for ukraine. we also expect changes to the electoral count act to make it harder to do another january 6th the way donald trump wanted it done in a joint session of congress to certify the presidential results. there are also other key outstanding issues. what does the house ways and means committee do with donald trump's tax returns. they will meet privately tuesday to decide what next steps. it's unsure what they will do with that. next congress such major fiscal issues ahead. how do they

manu, let's start with the big number, 51 seats in the senate, what does that mean for the democrats and joe biden in terms of their agenda, come january? >> reporter: it means they have a better chance of getting nominations quicker to the floor. remember e. we're headed into a divided congress. it will still be incredibly difficult to get legislation through. they were successful in passing legislation along straight party loons, in two key instances, and they did that when they had the house and senate. they no longer have the house. legislating will be different. the senate has to confirm nominees, and if there's a supreme court vacancy that give them breathing room. they won't have to rely on senator joe manchin in particular will come their way. that's what democrats are most harmed about, and when there's a possibility of a 50-50 senate again or just the possibility of one vote on an individual issue, having that additional vote is hugely significant in the difference between legislation stalling or legislation failing. >> john berman was just highlighting where walker lost, w

manu, this $1.7 trillion question here is the path clear?: yeah, it is at the moment and this is pretty remarkable how quickly now the senate is moving. they could move to final passage of this bill within the next hour. now, this is remarkable because of the size and the scope of this 4100-page measure. $1.7 trillion that funds all aspects of the federal government including more than $45 billion in aid to ukraine. a rank of policy issues, overhaul of the electoral count act and it was unveiled only on tuesday morning at 1:20 a.m. here we are just a couple of days later and they are going to push it through the senate, potentially even the house later tonight. that doesn't mean everybody is happy. republicans are divided over this measure. a number of them sounding off at republican leaders in the senate for signing off on this bill. arguing instead this should have been punted until the new year when republicans take control of the house. >> i think whenever we're adding a trillion dollars of debt, borrowing money from my grandchildren, of

manu raju is live on capitol hill. manu, senator lee, republican from utah, on title 42, having to do with the border was responsible for the holdup. how did democrats get around that? >> well, they actually had their own alternative proposal that they knew would fail. they wanted to give the opportunity to the members to vote for the alternative immigration plan. so the mike reed plan did not have enough amendment votes and concerned it would get adopted to a larger bill and sunk in the house. that bill failed and the other one did as well. now, this all came as a bipartisan majority supported this bill on final passage. 68-29 was the final vote in the senate. 29 republicans voted against it but the republican leadership in the senate supported it. even though the house republican leaders urged, mitch mcconnell not to support this plan to punt it into the new year. he disagreed with that approach. i asked senate majority leader chuck schumer about the new congress. he said he planned to talk to kevin mccarthy if elect

so manu, walk us through what just happened. what's the breakdown on this vote? >> reporter: yeah, marking an end to a very busy 117th congress. the house just gave final passage to a government funding bill to fund the government for an entire year. $1.7 trillion. a bill that is almost three months late, past the initial deadline. a bill that encompasses more than 4,000 pages was unveiled a couple of days ago, now is on its way to president biden's desk in the aftermath of this vote. it was a bipartisan vote, although not many republicans voted for it. the final breakdown, 225 voted in the affirmative, 201 no votes. one member voting present. now there were nine republicans who voted for it, there were a mix of members who are retiring, some who lost their primaries, some who are members of the house appropriations committee voted for this package. there was one democrat who voted against it. that was alexandria ocasio-cortez of new york. one democrat of michigan voted present. it still was enough to get this bill over the finish line. now republicans in the hou

manu, start with the looming shutdown. what are the major holdups to getting this one-week deal passed? >> the challenge at this late hour is the senate needs to get an agreement from all 100 senators in order to simply schedule the vote for the one-week extension. if one senator objects, that could delay things, and right now they don't have an agreement. some senators want amendments and others want amendments on other issues. there is an expectation it will pass to extend government funding. then there's the larger challenges to providing a yearlong spending bill, $1.8 trillion, on all sorts of government programs and other policy matters. but the senators and the house member have not seen the details of this agreement. one of those is senator richard shelby, a retiring republican senator on the appropriations committee. he has come under sharp criticism from the house republican leader, cart cart, who says that because shelby is retiring, he should not have cut this deal. they said instead should have punted this into

. >>> with me to share the reporting, cnn's manu raju, zolan cano young and sabrina rodriguez of "the washington post." i want to talk about where we are, end of the year victory lap. i don't want to move past this. jeremy noted 185,000 applications already. 700,000 veterans tested for exposure to toxic chemicals. this is a landmark piece of policy for veterans and doesn't get maybe as much attention as it should. in the end they had to argue and haggle, it was a big bipartisan bill and doesn't get as much attention as it deserve. >> this was not that easy to get through congress. there was so many competing demands on the senate floor which is difficult why it was difficult to get senate floor time. and any one senator who cold up the legislation. that's what we saw happen in the senate. also technical snafus which delayed this for some time. not an agreement because some republican senators were concerned this was an entitlement program, it could cost the government more than it's been estimated but at the end of the day republicans under unyielding pressure who bended and allowed t

there was a moment yesterday where manu raju asked him about this number, this fight to get to 218, and this is what he said. >> why has it been so hard for you to get 218 votes to become speaker when you have president trump apparently lobbying on your behalf, meeting with members of the freedom caucus, but the votes aren't there. why is it so hard for you? >> have you spent time with my conference. here we are with the biggest things going on on spending and i can always count on you for the most inappropriate question. >> it's not inappropriate at all. >> this is not an inappropriate question. it's a legitimate question, a mild one and asked plolitely. the real question is why he can't get there. i'm of the opinion he probably will, i don't know what that looks like, i don't know what he gives the holdouts. i don't know if the holdouts get crushed by the moderates who kevin mccarthy is quietly leaning on right now. but this is not going well and he has a slim majority among republicans, and there's nothing wrong with what manu asked. >> even if he wins he has the same caucus, that's

thank you very much, manu. now john dean is with me, the former white house nixon counsel, and the former white house press secretary, and ryan goodman, the co-editor in chief of the just security legal blog and the former special counsel at the department of defense. so, ryan, as we have talked about this every day, every step of the way, now you have the executive summary. do you see clear evidence for the doj to charge trump on the four referrals that they are specifically making? >> absolutely on three of the four, at least. so, obstruction of congressional proceedings including pressuring mike pence, conspiracy to defraud the american public of a fair election, false statements and a false slate of electors, and insurrection, which i think it's good for the committee to have presented that. but it's a pretty steep hill. >> but three of the four. one of those three alone carries a 25-year possible sentence. so we're talking incredibly serious charges even if they don't go with insurrection. so the transcrip

manu, what is the status now?er: on track for passage, the vote, 182 -- 183 yes votes, 166 no votes. they need to have a majority of the house, about 218 votes here and that are five republicans already who are breaking ranks joining with democrats and significant because the republican leadership in the house has been furiously whipping against this plan arguing that this is excessive spending saying it should be punted to the new congress when the gop takes power in the house saying they'd have a stronger hand to negotiate this issue next year. but there's a problem. senate republicans did not agree with them, in fact, they cut a deal with democrats, pushed this forward and republican leadership in the senate got behind this and that's why it passed the senate and will pass the house today funding the entire federal government. kevin mccarthy, the republican leader in the house, who wants to be the next speaker took to the floor and railed against this proposal and got pushback from nancy pelosi. >> this is a mo

cnn's manu raju joins us from the hill and, manu, notably republican leader kevin mccarthy voted against 39 republicans crossed the aisle to protect marriage equality for one of the last bills nancy pelosi will shepperd as speaker. how significant is this? >> reporter: significant marking a sea change in ow politicians view this issue, of course, we've seek the american public shift rapidly in acceptance of same-sex marriage. now we are seeing congress follow behind and just this bill which would repeal the defense of marriage act from 1996. that bill when it was first enacted the defense of marriage act which defined a marriage between a man and a woman, that had just 67 members in the house vote against it. today the vote was 258 in the affirmative, 169 opposed. that means 25 members voted to repeal the law that a fraction of that opposed just a few decades ago. now, among the votes, 39 republicans voted in the affirmative. you mentioned kevin mccarthy, he is the republican leader, of course, and voted against this. i did ask him why he voted against it. he would not say and did not re

m manu, what are you hearing from lawmakers about this all?there is a lot of criticism coming, mostly from republicans, but also from some democrats too. remember, jake, this is a bill that was supposed to be done one at a time, 12 appropriations bills, supposed to be done by september 30th. that didn't happen. they had to punt until december 16th for a new deadline. that didn't happen. they extended to december 23rd. and then last night, early this morning, 1:23 in the morning, they rolled all 12 appropriations bills into one massive bill. $1.7 trillion worth. more than 4,000 pages. and they plan to push it through congress in just a matter of a few days. it would fund all federal agencies, including more than $44 billion in aid to ukraine. have a host of key policy measures, including the reforming the electoral count and to try to prevent another january 6th effort to try to overturn the electoral results when congress counts those results. but nevertheless, there is still a lot of criticism from republicans that this should have been handl

straight up to capitol hill and manu raju. manu, a deal and some drama. >> reporter: no question about it. i've been speaking to republicans up and down this morning. nobody is happy about this deal. very few members were part of it, even the republican senators who are probably going to vote for it feel they are being jammed here. this has been a very regular process on capitol hill they cut a deal among the leadership and key appropriators and then they unveil the details and try to jam it through congress in just a couple of days, even though they had an initial deadline of september 30th to get it done. they punted it until this friday's deadline and now will extend that deadline for another week to get it done and we are still awaiting the details. this has caused a rift among top republicans including kevin mccarthy and mitch mcconnell. mcconnell wants a deal and came out yesterday and said this deal would be a broad agreement and was praising the deal on the senate floor this morning. there was a belief and understandin

manu raju, thank you. warnock's victory does that, 51-49 in the senate, end of a midterm year where republicans thought they would take the majority. pop back to last night and a closer look. let's take a look now, tee up how senator warnock got his victory, it's a narrow victory for all the baggage that herschel walker had himself and with donald trump's endorsement it is a narrow win so they can celebrate but have lessons to learn about georgia. 51-49. if you round up herschel walker, how did it happen? look at the metropolitan atlanta area. you see all that blue right there. let's look more closely. what's happening in the suburbs, both walker and the trump brand as you pull it out. cobb county, right, 60% for senator warnock, only 40% for herschel walker. one month to the governor's race. in the governor's race, yes, brian kemp loses cobb county but look how competitive he is, 47%. let's move to gwinnett, kemp re-elected one month with 44% in this county. look at herschel walker, 38% there. the struggl

. >> cnn's manu raju joins us from capitol hill. so, manu, how is zelenskyy's speech being received by lawmakers? >> reporter: there is strong support to continue to provide aid. that's one reason why $45 billion in aid has been rolled into the larger bill to keep the government open. we expect that to be approved by the senate today probably even the house later tonight. but senator mitch mcconnell for one, big proponent of this funding, the republican leader telling our colleagues last night it's nice to have something here at the end of the year that we all actually can agree on but there is not all agreement within the republican party. in fact, there is a faction that does not believe more aid is needed for ukraine, that pushed back against further aid and were not swayed by zelenskyy's speech. i caught up with some of them today, and some of them indicated they didn't even attend last night. >> i think it would have been disrespectful for me to see him. i think it would be disrespectful to the people working so hard to keep ou

cnn's manu raju joins us now. manu, you just spoke with congressman scicilline. why did he challenge clyburn? >> reporter: he said he believed democrats needed to have a spot at the table from the lgbtq community. he said this will be the first time someone from the community will not be represented by house democrats. he did announce a bid yesterday even though jim clyburn announced a couple weeks ago he in fact would run this position, which represents the number 4 position in the house democratic caucus. he said he ultimately decided to step aside because he got assurances from house democrats that they would include some sort of position from a member of that community on their leadership team. he said it's still being formulated. he said it's important particularly given attacks that have been leveled from republicans against some members of that community, namely the trans community. after cicilline decided to step aside, clyburn was in fact elected by -- unanimously by the house democratic caucus earlier today. and jake, this all comes as a very smooth tra

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. >>> manu raju is on capitol hill. i always feel at moments like this, we talk about stalling, gridlock on capitol hill, rightfully so, because we see it with simple stuff. just yesterday there were worries about they may not fund for a week, but now they have at least the framework for a year. >> reporter: this is a big question. they did announce a framework agreement between three of the four key appropriators. those are the members of congress who draft the legislation, but we've seen no details and they will still haggle over the details. remember, this was supposed to be done by september 30th. if they adopt get an agreement by this friday, they'll have a one-week stop gap measure. there's one key group missing from endorsing this, house republicans, with opposition from kevin mccarthy, who is battling to become speaker, and courting the right-wing of the conference, which is steadfastly opposed to this measure. there's been tensions growing between senate republicans and house republicans, including mitch mcconn

cnn's chief congressional correspondent manu raju has the details. >> reporter: it's been years since house democrats have are come to power in 2019 demanded donald trump's tax returns, went through a court fight that donald trump took all the way to the supreme court to try to shield those tax returns from becoming public. he lost that fight. ultimately those returns turned over to democrats just a matter of weeks ago but in a party line vote house democrats in their final days in power, the ways and means committee voted to release the tax returns from six years -- six recent years as well as not just his individual returns but his business returns as well. that vote 24-16 along party lines to release both a report from the committee investigating this as well as all of those returns. now first on the report the two that were released late on tuesday night, one of which is the committee's investigation that found that the mandatory presidential audit system that the irs employs for all sitting presidents, they say it was dormant during the trump years. that is an essential program b

manu raju on the hill, thank so much. >>> still to come, temperatures begin to plunge. look at that purple area over the whole country. the impact this is having a people trying to get to their holiday destinations. >>> plus it's been more than five weeks since four university of idaho students were murdered in their off-campus home. with no new information or suspect, we're going to hear from we have victim's parents on where things stand. >>> later, the people have spoken. elon musk will step down as ceo of twitter, , though not needil. what he says has to happenen first. and the giggles. the family that takes delsym togetether, feels better together. i was born on the south side of chicago. it has been a long road, but now i'm working for schwab. i love to help people understand and invest accordingly. you can call us christmas eve atour o'clock in the morning. we're gonna always make sure that you have all of the financial tools and support to secure your financial future. that means a lot for my community and for every community. it's the subway series menu. 12 irr

manu raju, cnn, capitol hill. >>> the u.s. supreme court says mr. biden's student loan debt forgiveness program is blocked for now. the court will hear arguments in february. the president announced the plan in august following through on a pillar campaign. the program provides up to $250,000 worth of debt relief to millions of americans. it's being stuck in the court. the biden administration notified people saying, quote, unfortunately a number of lawsuits have been filed challenging the program which has blocked our ability to discharge the debt at present. the supreme court's decision is expected by june. in the meantime, the administration has paused payments and interest in order to help borrowers. more on the economy now as a key indicator shows signs that inflation is easing. it's called the pce index and it measures how much u.s. consumers are spending for goods and services. it rose 6% in october compared to last year. that's slower than the 6.3% rise in september and gasoline prices are now lower in the u.s. than they were on february 24t

manu raju, cnn, capitol hill. >>> u.s. president joe biden will be signing the respect for marriage act into law today. it grants federal protections to same-sex and interracial couples requiring all states to recognize marriage performed in other states. >> a celebration will be held on the south lawn for the signing with musical performances and thousands of guests. >>> georgia's secretary of state brad raffensperger has been subpoenaed by special counsel jack smith as part of the investigation into donald trump's efforts to stay in power. >> raffensperger could prove to be a compelling witness in the case. you'll recall early last year he resisted effort from trump to find enough votes to overturn the 2020 presidential election. >> earlier this year raffensperger testified to the january 6th house select committee about the threat he received after standing up to trump. >>> ahead on cnn, the family of an american student studying in france says he hasn't been heard from in weeks and now they fear the worst. we'll have d

manu raju, cnn, capitol hill. >> let's discuss with norman eisen. he is a cnn legal analyst and the former house judiciary special counsel in trump's first impeachment trial. he joins us from washington, d.c. sir, thank you very much for joining us. first, we have to address that revelation of the irs failure to audit. after the vote, house democrats revealed that the material that they obtained showed that the irs failed to audit donald trump's tax filings during his first two years in office. this is something that is mandatory for sitting presidents. so what happened here? >> that's right, kristie. there was a major breakdown of the presidential audit program when it comes to donald trump. and i think that's one of the reasons that these returns are being released. the house ways and means committee is putting out a report detailing that there were failures to do the required oversight that the irs is supposed to do over every president to make sure that they don't have financial conflicts and that they're following the tax law. and didn't happen

manu raju has more on capitol hill. what's different about this time? what are they saying? >> reporter: yeah, there is a lot of anger, anguish, frustration about what happened in the election cycle, not just in georgia, but key seats in arizona, pennsylvania, nevada on the table, real opportunities to take back the senate majority. i caught up with senator graham this morning, a prominent supporter of herschel walker. he said not only do they need to improve fund-raising online, but also not demagogue the idea of early voting, something that donald trump has done over and over again, questions mail-in voting. he said we need to stop that's correct including others, like roy blunt told me flatly, we need better candidates. one of the questions that republicans will have in the next election cycle is how to get those better candidates. in this cycle, the committee led by rick scott, decided not to engage in primaries, allow the primary process to play out themselves. i'm hearing an effort to change that strategy, get more heavy-handed, gelt more involved, select those candida