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    Date
    Summary
    Dan Clifton Appears on CNBC’s ‘Squawk Box’ To Discuss
    Subjects
    Source
    CNBC

    Name: CNBC

    URL: http://www.cnbc.com/

    Show
    Squawk Box

    Name: Squawk Box

    URL: http://www.cnbc.com/id/15838368/

    Persons
    Dan Clifton

    Name: Dan Clifton

    Event
    Event location
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    Original recording
    Uploaded
    05/08/2023 11:42 am
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    MP4 (1920x1080) Use clipper to adjust file type
    Duration
    0:07:25
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    Transcript
    RUSH TRANSCRIPT House will ░░░░░░░░ at it again today ░░░░░░░░ the quest to vote ░░░░░░░░ a speaker to get ░░░░░░░░ speaker lawmakers are set ░░░░░░░░ return to the chamber ░░░░░░░░ noon Kevin McCarthy losing ░░░░░░░░ straight votes he is ░░░░░░░░ with members who oppose ░░░░░░░░ Dan Clifton is the ░░░░░░░░ of policy research for ░░░░░░░░ securities I don t ░░░░░░░░ at this point I ░░░░░░░░ think McCarthy will be ░░░░░░░░ I always thought that ░░░░░░░░ lot of other people ░░░░░░░░ it wasn t going ░░░░░░░░ be him if you ░░░░░░░░ 91 again and again ░░░░░░░░ again who will get ░░░░░░░░ if it is not ░░░░░░░░ Joe first good morning ░░░░░░░░ happy new year I ░░░░░░░░ we are coming to ░░░░░░░░ real inflection point here ░░░░░░░░ week McCarthy s team ░░░░░░░░ been negotiating with a ░░░░░░░░ of objectors to try ░░░░░░░░ reach a deal it ░░░░░░░░ everybody will have to ░░░░░░░░ a decision We don ░░░░░░░░ see the opposition We ░░░░░░░░ it broken into three ░░░░░░░░ groups let s face ░░░░░░░░ there are four members ░░░░░░░░ will never vote for ░░░░░░░░ it is personal in ░░░░░░░░ there are two other ░░░░░░░░ of the group that ░░░░░░░░ probably gettable one is ░░░░░░░░ focused on budget reform ░░░░░░░░ are trying to create ░░░░░░░░ better process so there ░░░░░░░░ not 4 000 page ░░░░░░░░ delivered to Congress and ░░░░░░░░ you have three days ░░░░░░░░ vote which happened in ░░░░░░░░ you are trying to ░░░░░░░░ a better process you ░░░░░░░░ room for negotiation on ░░░░░░░░ I think that is ░░░░░░░░ they are trying to ░░░░░░░░ to if you get ░░░░░░░░ today from those members ░░░░░░░░ is probably going to ░░░░░░░░ about 10 votes That ░░░░░░░░ he is still five ░░░░░░░░ short and that means ░░░░░░░░ will have to have ░░░░░░░░ other type of necessitygotiation ░░░░░░░░ will have progress at ░░░░░░░░ point today given the ░░░░░░░░ of the negotiations that ░░░░░░░░ overnight If into the ░░░░░░░░ the party has t ░░░░░░░░ moving on to a ░░░░░░░░ direction You are right ░░░░░░░░ this That is he ░░░░░░░░ 200 plus votes Nobody ░░░░░░░░ is close to that ░░░░░░░░ now He is really ░░░░░░░░ one that has the ░░░░░░░░ support in the caucus ░░░░░░░░ long as that s ░░░░░░░░ he will be the ░░░░░░░░ to come in and ░░░░░░░░ work out a deal ░░░░░░░░ negotiation How much I ░░░░░░░░ to weigh in I ░░░░░░░░ wondering if anyone else ░░░░░░░░ satisfy these guys there ░░░░░░░░ some men and women ░░░░░░░░ just like to watch ░░░░░░░░ world burn Joe I ░░░░░░░░ agree if you look ░░░░░░░░ some of the reforms ░░░░░░░░ are proposed one member ░░░░░░░░ recall the speaker of ░░░░░░░░ House if that is ░░░░░░░░ case you have endless ░░░░░░░░ to try to remove ░░░░░░░░ or whoever is speaker ░░░░░░░░ than getting the work ░░░░░░░░ for Congress Another is ░░░░░░░░ many conservatives are going ░░░░░░░░ be on the Rules ░░░░░░░░ I m not opposed ░░░░░░░░ advocating for anything but ░░░░░░░░ would argue if you ░░░░░░░░ three or four of ░░░░░░░░ opposition on the Rules ░░░░░░░░ it is hard to ░░░░░░░░ legislation to the floor ░░░░░░░░ m of the view ░░░░░░░░ some of this is ░░░░░░░░ to shutdown the house ░░░░░░░░ the next two years ░░░░░░░░ s okay in most ░░░░░░░░ When you have to ░░░░░░░░ the debt ceiling in ░░░░░░░░ summer that is the ░░░░░░░░ faith and credit of ░░░░░░░░ United States I said ░░░░░░░░ same thing there s ░░░░░░░░ but then I think ░░░░░░░░ outliers think nothing is ░░░░░░░░ to happen You have ░░░░░░░░ have investigations Jim Jordan ░░░░░░░░ chomping at the bit ░░░░░░░░ are looking to make ░░░░░░░░ happen you don t ░░░░░░░░ to mention the five ░░░░░░░░ they want toing investigate ░░░░░░░░ investigates non of that ░░░░░░░░ happening it is a ░░░░░░░░ dynamic You have former ░░░░░░░░ Trump with McCarthy You ░░░░░░░░ our friend Sean Hannity ░░░░░░░░ m watching on Twitter ░░░░░░░░ is not far enough ░░░░░░░░ any more Sean Hannity ░░░░░░░░ not far enough right ░░░░░░░░ he is a reasonable ░░░░░░░░ The key is take ░░░░░░░░ win you get reforms ░░░░░░░░ you would not have ░░░░░░░░ if you didn t ░░░░░░░░ this fight They seem ░░░░░░░░ take the longer term ░░░░░░░░ the Republicans could have ░░░░░░░░ rid of IRS funding ░░░░░░░░ border security This is ░░░░░░░░ we are doing and ░░░░░░░░ have not been able ░░░░░░░░ do that I would ░░░░░░░░ that some negotiations that ░░░░░░░░ discussed at least overnight ░░░░░░░░ on the size of ░░░░░░░░ budget the investigations would ░░░░░░░░ and some of the ░░░░░░░░ is arguing for a ░░░░░░░░ budget particularly in investigations ░░░░░░░░ how the government is ░░░░░░░░ voices on social media ░░░░░░░░ well as how the ░░░░░░░░ is targeting conservatives in ░░░░░░░░ areas My sense is ░░░░░░░░ probably will get policy ░░░░░░░░ reforms out of here ░░░░░░░░ could make the house ░░░░░░░░ better and that is ░░░░░░░░ a bad thing It ░░░░░░░░ like they are pushing ░░░░░░░░ a little bit too ░░░░░░░░ It is starting to ░░░░░░░░ as almost if it ░░░░░░░░ about their power rather ░░░░░░░░ a better functioning House ░░░░░░░░ Representatives that is a ░░░░░░░░ for them Does it ░░░░░░░░ home for Matt Gaetz ░░░░░░░░ it doesn t you ░░░░░░░░ in the news for ░░░░░░░░ reasons now than maybe ░░░░░░░░ news stories this is ░░░░░░░░ step up from that ░░░░░░░░ or later they would ░░░░░░░░ to own some of ░░░░░░░░ but some of them ░░░░░░░░ t care People know ░░░░░░░░ name now 400 plus ░░░░░░░░ and this is their ░░░░░░░░ I have seen it ░░░░░░░░ in hearings they get ░░░░░░░░ the soap box now ░░░░░░░░ can do it they ░░░░░░░░ done it 11 times ░░░░░░░░ far That is a ░░░░░░░░ for governing If they ░░░░░░░░ this much press around ░░░░░░░░ wait until they hold ░░░░░░░░ major bills This is ░░░░░░░░ precursor for the next ░░░░░░░░ years in terms of ░░░░░░░░ the house is if ░░░░░░░░ told me there was ░░░░░░░░ way to raise the ░░░░░░░░ ceiling from a financial ░░░░░░░░ perspective this is not ░░░░░░░░ big of a deal ░░░░░░░░ that ultimately we have ░░░░░░░░ govern as a country ░░░░░░░░ if there is an ░░░░░░░░ once historically once the ░░░░░░░░ fund rate goes positive ░░░░░░░░ Fed is forced to ░░░░░░░░ some sort of interest ░░░░░░░░ cut We re getting ░░░░░░░░ that point and there ░░░░░░░░ some sort of emergency ░░░░░░░░ don t have a ░░░░░░░░ House of Representatives that ░░░░░░░░ be a problem for ░░░░░░░░ markets later this year ░░░░░░░░ thank you We always ░░░░░░░░ having you on we ░░░░░░░░ know by Monday We ░░░░░░░░ know today I was ░░░░░░░░ they will stay in ░░░░░░░░ the weekend to resolve ░░░░░░░░ Monday is probably if ░░░░░░░░ don t know by ░░░░░░░░ weekend we will move ░░░░░░░░ to somebody else is ░░░░░░░░ guess If there wasn ░░░░░░░░ alcohol before There will ░░░░░░░░ alcohol now Can you ░░░░░░░░ in a flask Is ░░░░░░░░ legal in D C ░░░░░░░░ don t know about ░░░░░░░░ Popcorn Joe was saying ░░░░░░░░ bet if he was ░░░░░░░░ there he would do ░░░░░░░░ same I had a ░░░░░░░░ of cocktails watching this ░░░░░░░░ out at home have ░░░░░░░░ You haven t been ░░░░░░░░ member of the house ░░░░░░░░ I know this On ░░░░░░░░ bucket list No that ░░░░░░░░ on the Jerry Seinfeld ░░░░░░░░ begins with an f ░░░░░░░░ have news out and some
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