. >> and coming up in ten minutes, we sit down with republican senator pat toomey for his assessmentof the trump administration so far and what he thinks the white house should be more careful of. >> back to michael flynn for a moment because today new jersey governor chris christie said if he'd been elected president michael flynn would never had been a part of his administration. >> if i were preak of the united states i wouldn't let general flynn in the white house let alone give him a job. >> christie said he warned candidate trump and later president-elect trump that flynn would not benefit his administration. christie said flynn wasn't quote his cup of tea. >> right now at 6:00, the people who will decide bill cosby's fate are being chosen tonight. jury selection in cosby's sex assault trial started today in pittsburgh. 100 people will be questioned in court each day until 12 jurors and six alternates are chosen. and so far five of those jury members have been chosen as bill cosby looked on. >> this is video of cosby coming to court today to watch jurors grill the men or winl w

. >> today lauren mayk sat down with republican senator pat toomey. he's the lawmaker we don't often hear from on camera. he can play a key role in the health care debate. >> reporter: his views could be critical in shaping this bill and as i learned today he's not just looking to pass what the house passed and that could mean more debate over what you pay for and what your insurance company covers. with the house vote in the rear-view mirror, the future of a health care bill now rests with senators, like pennsylvania's pat toomey. >> what we're trying to do is find the consensus that would hold all republican senators together. >> reporter: how difficult is that? >> very difficult. >> reporter: he's part of a group of senators that meets twice a week trying to hammer out a plan. from his old city office, senator toomey a key player in the process told us what he'd like to see, including an effort to lower premiums that could wage more debate over what insurers need to cover. >> i think it's much better to have a lot more flexibility about that so peo

we sit down for an exclusive interview with republican senator pat toomey.nks the trump administration could be doing better? >>> plus, punching a stranger. this suspect was doing seconds before he sucker-punched a man with cerebral palsy on camera. >> i'm tracking rain off and on throughout your workweek, but what about memorial day? i'll help you get an early head start on your weekend plans in my most accurate first alert forecast. >>> right now at 6:00. sucker punch. a man caught on camera attacking a stranger and mocking his disability. ñr= brand new at this hour. a new twist for the man at the center of the u.s./russia investigation. >> slippery commute tonight for parts of our region and this rainy pattern won't let go of your week any time soon. >> announcer: nbc10 news starts now. >> right now at 6:00, a state troopers boyfriend shot dead and tonight police say she's the one who pulled the trigger. investigators tell us the boyfriend was beating the trooper at her home so she defended herself with her gun. good evening. i'm jacqueline london. >> and

he is senator pat toomey, a republican of pennsylvania. a member of the senate banking committee. welcome to bloomberg, mr. senator. good to have you here. >> good morning, guys. thanks for having me here. david: let me talk to what senator hatch said. we have robert mueller appointed to independent counsel between the russian government and the trump campaign. how big a distraction is this to those of you trying to do things like changing dodd frank and getting tax reform through the congress? >> i hope it won't be a big distraction. i'm trying to not to let it distract me very much. i never thought we needed a special counsel or a special prosecutor. that hasn't gone well in the past. but robert mueller has just an outstanding reputation. my democratic colleagues can't complain about his appointments. i'm hoping that this allows us to move on and get to the work that the american people elected us to do which i think get this economy moving again. david: and i want to talk about getting it removed. should this in your view mean that the

you've got pat toomey in pennsylvania. pat toomey is not going to vote to cut medicaid.rtman in ohio is not going to cut. and if ron johnson knows what he's doing in wisconsin, and i think he does, he's not going to cut medicaid. so in wisconsin -- >> let's look at the impact. >> two more charts. so we talked about the money, now let's talk about the people. so if this, if the house bill were to go through, you would lose 24 million, the famous 24 million people would lose their insurance. now, as i said, we don't have a cbo score with the most recent bill, but it's not going to change much. of those 24 million, 14 million are on medicaid. there's nothing in the house bill in any versions of the house bill to make this the early different. this is a pretty hard number. you would lose 3 million people who buy their insurance on the exchanges. and you would lose 7 million people who buy or get their insurance through employers. so people who get their insurance through employers are not immune to this. why? because one of the provisions is to drop the requirement that all

i spoke with pat toomey, the senator from pennsylvania, today. and pat toomey said, and i paraphrase him here, that we need a change in the white house staff immediately. i think there is a consensus growing from mitch mcconnell on down that something needs to change or this republican majority that they worked so hard to achieve will be squandered. >> again, we are talking about this "new york times" article that's just been posted at a besieged white house, tempers flare, confusion swirls. glenn thrush and maggie haverman wroet t wrote the article. glenn thrush, a solid reporter but also wears the snazziest hats in all of washington, d.c. >>> the hits just keep coming. we are keeping tabs on not one, not two, not three -- but half-a-dozen investigations that are hanging over this president. not even four months after he made this promise. >>. and will, to the best of my ability -- >> preserve, protect, and defend -- >> preserve, protect, and defend -- >> -- the constitution of the united states. >> -- the constitution of the united states. >> -

about 150 odd vo indicates for the hungry spoke for teyona and millions more outside center pat toomey'sladelphia officers. teyona was busy getting ready for work. yes, she and her husband work. more than one job. and they still need food stamps and foot pantries to help put food on the table for their three kids. >> we make a living wage. this way people can go to work they can save money, they can, um, be able to not need food stamps. >> reporter: she admits there are people who abuse the system. no doubt. but she says washington should be working on stopping that instead of punishing people who need help for food and medicine. >> has any of them held their children as they arm when they suffer not one but two see showers back to back. >> do they know what it's like to go to the pharmacy and be told, well, your benefits have stopped your children can't get this life sustaining medication they have no clue. >> reporter: she's part of a growing group called witnesses to hunger. they are gearing up for new fight. >> we need to use our social media aspects to make sure that we are up in th

susan e moderates, like collins and rob portman, corey toomey., pat they have interest, any three put together can kill the entire thing. this working e in group they put together and cornyn, onnell, john and a bunch of a cross-section f the caucus from medicaid expansion safety, conservatism there, missing from the group is collins ate like susan gives indication of which way the bill is heading. host: politically, they are discusss, how do you think uproar over firing of impact the might healthcare timeline or debate this week? i think it was distracting. you know, this was what the working on, but then of s comey caused all kind disdid you wantion in washington. didn't impact y it too much in the healthcare discussion in the senate is just like disruption around comey's fire suggest not going away any time soon with new f.b.i. director that has democrats nted and want a special prosecutor, we'll the to see if it slows down senate and how clogged up things get there. have questions about healthcare, call in, caitlin owens is with us of previously healthcare and staff reporter of mor

the leader of the council, brendan toomey, went on to lose seat.he independents' gain. but across wales, the party showed resilience. i think it's because of the fantastic leadership of carwyn jones and the welsh assembly government. i think what we have in wales is a situation where people can see why a welsh government, a welsh labour government, what a labour government in power, can deliver. the conservatives have made gains here, but they're more limited than across the border. wrexham, bridgend, cardiff, we've had gains. if you look at monmouth, we've ta ken overall control. and the vale of glamorgan we have come within a whisker of taking control. this was one of nine welsh local authorities where counting began this morning. the leader of plaid cymru, leanne wood, is the local assembly member. there are seats that we are looking to take, like ynys mon, and here i'm hoping to see some gains as well, which will give us some momentum with which to begin our uk election campaign. shall the welsh liberal democrats have so far failed to make shal

pat toomey of pennsylvania suggested a 10 year window, changing the rules for a temporary tax cut toast for 20 to 30 years. that's a conversation that is drifting further apart. david: great speak with you as always, sahil. sahil kapur, joining us from capitol hill this afternoon. julie hyman has the latest on where the market stands. julie: a bit of a mixed picture now. we had seen major averages lower after the s&p 500 and nasdaq touched intraday and record highs. now turning positive, as we see this directionless day. i wanted to mention what is going on during this training day, investment recommendations from the sewn investor conference throughout the day. fundscourse know that had -- hedge funds have underperformed the s&p 500. we have a look at that here, the s&p over the past year has gained 6% as a particular index of global hedge funds have underperformed by almost 10%. nonetheless, folks who have a consistent track record still move stocks, whether or not the hedge fund as a whole is of those who just gave the recommendation was keep lancaster of corvette, who said he wou

you've got portman of ohio, toomey of pennsylvania. that could have been an easy fix.tant voices in this conversation. >> yeah, exactly. this comes across as tone deaf from senate republicans. i don't think they were trying to exclude women or anything, but there is an optics problem here, right? and then a politics problem as you get to exactly with the fact that the senate can only lose two votes. this is assuming all democrats oppose this bill, which is a very safe assumption. the senate can only lose two votes to have some kind of legislation, whatever they come up with, pass. and right here you are excluding two moderates, two very important, powerful moderates who carry a lot of weight in the senate from even crafting the legislation. and the fact that they happen to be women also gets to this optics problem republicans have right now. >> eugene, we saw the house bill went through without the cbo score being completed. we know that will come out over the next ten days to two weeks. are we expecting that this senate bill will go through regular rules, that there w

about 150 advocates for the hungry spoke for tee on ya and millions more outside senator patti toomey's office. teyona was busy getting ready for work y, she and her husband work. more than one job. and they still need food stamp and food pantries that help put food on the table for their three kids. >> we make a living wage. people can go to work, they can save money, they can be able to not need food stamps. >> reporter: she admits there are people who abuse the system. no doubt. but she says washington should be working on stopping that instead of punishing people who need help for food and medicine. >> has any of them held their children in their arms as they suffered not one but two seizures back to back? do they know what it's like to go to the pharmacy and be told oh, well, your benefits have stopped so your children can't get this life sustaining medication? they have no clue. >> reporter: teyona is a part of growing group called witnesses to hunger. they are gearing up for new fight. >> we need to use our social media aspects to make sure that we are up in their face 24/7, ever

. -- senator toomey: thank you, mr. secretary. i want to thank you for the accessible, you have been before groups of us, members of the finance committee, i've lost track of the number of times you've been on the hill to be available, you've been available by phone and hosted meetings at the white house. that's a welcome change from the previous regime and i am grateful for your accessibility and responsiveness. i also want to commend you for reiterating the goal that we should be striving to create an environment in which we can sustain growth above 3%. i think that's entirely achieveable. it's a very important goal. so thanks for mentioning that. as a quick followup, comments from the senator from rhode island. as you do this review of the o.l.a. and o.l.f., i hope we will keep in mind that this convoluted construct which at the end of the day contemplates a taxpayer funded bailout through the o.l.f. of a failed bank, it is a -- a creature of the fact that we don't have an adequate resolution mechanism in bankruptcy. some of us

knows about that train turn in altoona. .e will talk to pat toomey look for that in the 7:00 hour this these days families want to be connected 24/7. that's why at comcast, we're always working to make our services more reliable. with technology that can update itself. and advanced fiber network infrastructure. new, more reliable equipment for your home. and a new culture built around customer service. it all adds up to our most reliable network ever. one that keeps you connected to what matters most. tom: good morning, everyone, "bloomberg surveillance." to give you perspective on what is going on in washington and folded into economics, finance, and investment. we're thrilled you are with us from london and new york will stop right now, greg valliere joining us. he is been a constant presence in someone linking together these political events with the politics on the hill and the markets. greg valliere, do you link all of these activities with the market reaction we saw yesterday and this morning? >> absolutely. it is a cliche that markets need uncertainty. but it is true. i think we

about 150 members of coalition against hunger and supporting groups gathered outside senator pat toomey'shiladelphia office outraged about proposed budget cuts to food stamps and a provision that would force recipients to go find a job. as if they don't already work. >> i am an able body. i'm not lazy. >> reporter: she also pays taxes. >> i work hard. my husband works hard. but sometimes we need help. >> reporter: teyona gains turner could not tend the rally. the mother of three had to go to work. right now at a security firm. >> we work sometimes two jobs. sometimes three jobs. me and my husband both work. >> reporter: but like millions more of the working poor, they depend on public assistance and food pantries to keep food on the table. she says any cut would be devastating. >> it hurts us. because i don't think they understand and to be honest i really don't think they want to understand. why would you cut a program on the backs of people who already need assistance? >> reporter: close to 2 million pennsylvania's depend on the snap program more than 700,000 of them are children. and h

joining us senator pat toomey, republican pennsylvania. he is on the senate budget committee.nator, i said that that is pure demagoguery. what say you? >> you're being kind. that is what i say. look what hillary clinton and nancy pelosi and the rest of them with their hair on fire absolutely either don't get or refuse to acknowledge is if you have strong economic growth, then you have fewer people that are dependent on these programs. of course you get to save money on medicaid and food stamps and welfare programs because with strong enough growth, those people are working, and they're not dependent on government. that should be the goal. stuart: but overall the budget will not be cut. >> that is another -- stuart: slowing the rate of growth in how much we spend. >> exactly right. if you look at the president's proposal 10 years from now the federal government will spend 50% more than it spend today. how is that a cut? not only that, if you compare it to what cbo projects which is of course government on autopilot where nothing ever gets cut, everything always grows, trump bud

i mirror what senator toomey said.'ve been very willing to give us your time both in formal hearings as well as in private meetings with the senators of this committee and of other committees. i appreciate your outreach to us. thank you very much for being here. >> a pleasure.

senator toomey: thanks. anthen just quickly on the cfpb, i remaineey concerned that the way thientityas stctured has left it completely unaccountab a it behaves as an uccntle relator ima ways. the house had to te extraordinary steps t dcor lding,rocesses in auto spe the fact that the statute forbids th to relate auto lending. they continue toail to produce a timene that we've requested to explain their involment i the discovy of the wells fargo abuses, wherit appears that e cfpb jumped in to take credit for what others have done. and direct cdray has failed to rpond to letters i have sent over a ar ago. i think the lackf responsiveness and accountabity is e logical consequence of an entyhat even a court has deterned is constitutional in its nstruct. i hope you agree to work with us to chang theovnance of this entity, and make itubject to apprrie congressional oversight. mr. mnuchin: y, would work with you on that. >> senatorenendez. senator menendez:elcome. the president spt a great deal of time on the cpan

pat toomey to say, you know what, we have a program in pennsylvania helps poor people pay for heatingomething in the budget would be cut. neil: social security disability fund has grown beyond all -- >> we have to do smart reform. you can't just means test -- >> waiting august for tax reform for health care? how long do you think we'll wait for that? neil: where is this going? i was noticing hillary clinton was speaking at her alma mater, not one conservative walked out of the room. you would be surprised about this, but i want you to listen what she had to say. hillary clinton, moments ago. >> we were furious about the past presidential election. [laughter] of a man whose presidency would eventually end in disgrace with his impeachment for obstruction of justice, after firing the person running the investigation into him, at the department of justice. [shouting] neil: all right, so she was linking the nixon administration, with this administration. what do you think? >> sounds like she is still campaigning. neil: leading resistance. >> leading resistance. she put herself out there in

you have moderates like susan collins and members like rob fortner and pat toomey. , if anyhese people three or together, they could kill the entire thing. you have people in this working group a put together with the leadership, mitch mcconnell and john cornyn and a cross section of the caucus. conservatives in there. missing from that group is the moderates like susan collins which gives you some indication of which way this goal is heading. thoseif they are having discussions, how do you think the uproar over the firing of james comey might impact the health care timeline or debate this week? guest: i think it was distracting. this is what the senate was comey caused all kinds of destruction at all kinds of levels in washington and it probably did not impacted too much. the health care discussion in the senate is just starting but the destruction around comey's firing is not going away anytime soon with a new fbi director and -- and democrats want a special prosecutor. see if it closes down the senate and how clogged up things get there. questions,u have caitlin owens is with us. st

they don't have constituencies, just toomey in pennsylvania. they can put something together. contours of the house bill will probably make it through. neil: that is interesting. they have the liberty of adding stuff up like a christmas tree here. so that could complicate their efforts. but, chris mentioned something interesting how this was portrayed. did the administration overplay it. that is the read when i got off the air yesterday on "fox news watching" reaction to this, media collectively, whooping it up getting approval out of one chamber. but the same media wasoing after the president failing in thatame chamber to even get a bill introduced for a vote. so he can't win but what do you make of that? that he did this deliberately, as much to put pressure on republican senators, to remind the media, 40 days ago you said i was a failure, i helped deliver the goods this go-round? >> that is exactly right. the mainstream media is trying to treat this heads i win, tails you lose. president trump is having none of that they are the opposition party. he is reminding them he can

. >> senator toomey. >> thank you, mr. chairman and thanks for joining us, mr. secretary.to compliment you on the extraordinary accessibility. you have been before groups of us, members of the finance committee, i have lost track of the number of times you have been on the him to get input on the various issues, you have been available by phone and that's a welcome change from the previous regime. i'm grateful for your accessibility and responsiveness. i want to commend you for reiterating the goal that we should be striving to create an environment in which we can sustain growth that's above 3%. i think that's entirely achievable and it's a very important goal so thanks for mentioning that. as a quick follow-up to the comments from the senator from rhode island, i would just like to underscore that as you do this review of the ola and the olf, i hope we'll keep in mind that this very convoluted construct which at the end of the day contemplates a taxpayer funded bailout through the olf of a failed bank it is a -- it's a creature of the fact that we don't have an adequate

-- senator toomy toomey?or >> thank you for being with us. is important to every challenge we face. every problem in america is easier to solve if we had stronger economic growth and some are impossible to solve without strong economic growth economicnger -- growth. it means a better standard of living for the very people that senator kennedy was referring to. also, it naturally follows if you have stronger economic growth, you will have productions because fewer people will need those welfare because that should be the purpose. that should be the idea, that diminishing numbers of people on medicaid and food stamps and section eight housing, you name it, because they are able to get work that pays enough for them to support themselves under family. that should be our focus. in on how we get there. i think an essential part of getting the economy growing at its potential, which is capable of 3% growth, requires her growth tax reform. -- progrowth tax reform. we are under in eight alien dollar tax increase from the obama era that had nothing to do with obamacare. if we repeal obamacar

senator toomey: thanks. and then just quickly on the cfpb, i remain deeply concerned that the way this entity was structured has left it completely unaccountable and it behaves as an unaccountable regulator in many ways. the house had to take extraordinary steps to discover their processes in auto lending, despite the fact that the statute forbids them to regulate auto lending. they continue to fail to produce a timeline that we've requested to explain their involvement in the discovery of the wells fargo abuses, where it appears that the cfpb jumped in to take credit for what others have done. and director cordray has failed to respond to letters i have sent over a year ago. i think the lack of responsiveness and accountability is the logical consequence of an entity that even a court has determined is unconstitutional in its construct. i hope you agree to work with us to change the governance of this entity, and make it subject to appropriate congressional oversight. mr. mnuchin: yes, we would work with yo