Rep. Byron Donalds Talks US Shutdown, ACA Subsidies

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Bloomberg Talks 15 min 6 speakers 4 chapters transcribed 2 months ago
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Joe Mathieu 1:08
We're all keeping our eyes on Capitol Hill today for good reason. The Senate passed the legislation last evening that would reopen the government. Once the House does the same, the President pulls out the Sharpie and we're back in business. Of course, knowing that it could take some time for airlines to get back together, for airports and air traffic control towers to be fully staffed, SNAP benefits to be funded. And of course, the hundreds of thousands of furloughed federal workers to get back to work. get a paycheck in the bank account. So Tyler, what we have here is a rules committee hearing. It's gonna be an important one that's set to start a few hours from now. And they'll start hashing out the rules that will bring the bill to the floor.
Joe Mathieu 1:47
And by 4 PM, we're told, don't necessarily bet on that, but around 4 p.m., we'll have a vote in the House that could actually end this shutdown.
Tyler Kendall 1:56
Right, if we've learned anything. Things could change quickly in the House of Representatives. But this is what we're tracking as of now, how Speaker Mike Johnson can only afford to lose two Republican votes, but it appears that his hand has been bolstered by the fact that President Trump has thrown his weight behind this deal. saying that he wants to sign it into law. Now, we're going to talk to one of the members who is going to cast his vote when this comes up tomorrow, and that's Congressman Byron Donalds. He's a Republican representing Florida's 19th District. Congressman, thanks so much for joining us here on Bloomberg Television and Radio. I think I probably know the answer, but just to get you on the record and to confirm, how are you going to vote when this package comes up tomorrow?
Rep. Byron Donalds 2:37
I'm voting yes tomorrow. It's time for the government to be reopened and end this shutdown created by Chuck Schumer and the Democrats. To be blunt, we're still not even sure what they shut the government down for in the first place. But we're excited to get back to work and get this to the president's desk as quickly as possible.
Tyler Kendall 2:57
Congressman, I want to ask you about one of the provisions that we're seeing included, which is a rollback, a reversal of the mass federal firings that started on October 1st, also puts a block on any future firings until January 30th. Do you have any concern with this policy since we know it's something that this White House had been advocating for?
Rep. Byron Donalds 3:17
No, we don't. There's been a lot of work in this regard the entire year. That's number one. Number two, everybody knows at this point that one of the ways we're going to be able to get our spending under control, which is a major concern for the bond markets and our credit rating agencies, is we're going to have to streamline the federal government across the board. Part of that has been giving workers an opportunity to leave the federal workforce. Some of them have been provided bonuses on their way out the door. And so I think this is going to continue.

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