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Bloomberg Talks

US Interior Secretary Doug Burgum Talks State of the Union, AI Race

25 Feb 2026

Transcription

Chapter 1: What is the main topic discussed in this episode?

1.718 - 22.171 Unknown

The news doesn't stop on the weekends. Context changes constantly. And now Bloomberg is the place to stay on top of it all. Hi, I'm David Gurra. Join us every Saturday and Sunday for the new Bloomberg This Weekend. I'm Christina Ruffini. We'll bring you the latest headlines, in-depth analysis, and big interviews. All the stories that hit home on your days off. And I'm Lisa Mateo.

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Watch and listen to Bloomberg This Weekend for thoughtful, enlightening conversations about business, lifestyle, people, and culture. On Saturday mornings, we put the past week's events into context, examining what happened in the markets and the world. Then on Sundays, we speak with journalists, columnists, and key political figures to prepare you for the week ahead.

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Join us as soon as you wake up and bring us with you wherever your weekend plans take you. Watch us on Bloomberg Television, listen on Bloomberg Radio, stream the show live on the Bloomberg Business app, or listen to the podcast. That's Bloomberg This Weekend, Saturdays and Sundays starting at 7 a.m. Eastern on February 28th.

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Make us part of your weekend routine on Bloomberg Television, radio, and wherever you get your podcasts. Bloomberg Audio Studios. Podcasts. Radio. News. Joining us now, as you can see, if you're with us on Bloomberg TV, is the Secretary of the Interior, Doug Burgum. Mr. Secretary, great to have you with us here on Bloomberg TV and radio.

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84.527 - 95.344 Unknown

I'd like to zero in on the President's speech with you from your vantage point. Record length and a lot to talk about. What did he propose for the year ahead that's important to your agency?

95.324 - 114.576 Doug Burgum

Well, let's just start at the top line. This is incredibly courageous, forward-looking talk, and celebrating our 250th anniversary as a country, going literally back to our founding. And tonight, who would have known when you're coming to hear the speech, you're going to get an opportunity to be present. for the Medal of Honor being delivered twice.

115.517 - 141.666 Doug Burgum

One for heroics from a warrior from World War II and Korea War, who's 100 years old, and then someone who just weeks ago was courageously led the charge as one of our helicopter pilots when they were arresting Maduro. So it spanned the whole 250 years. But again, I would just say two takeaways. Peace around the world, prosperity for Americans, affordability,

141.646 - 145.972 Doug Burgum

affordability, President Trump's policies, turning this country around in the last 12 months.

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A lot of focus on energy, as we expected this evening, as he reminded Drill Baby Drill, but also talked about what he would like to see, the ability of the big tech companies, the hyperscalers, having the opportunity to bring in their own power plants to put aside their data centers, essentially off the grid. Is that something that the Interior Department is in the process of unlocking?

Chapter 2: What insights does Secretary Doug Burgum share about the State of the Union address?

374.133 - 393.875 Doug Burgum

It really is an extension of human capability, whether it's curing cancer, providing a tutor for every school kid in the world, or solving the most complex problems we've ever faced. This is something that we need, and America and the free world needs to make sure that we're competitive in this AI arms race, and the way we do that is generate more power.

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394.035 - 409.432 Doug Burgum

Energy addition, there is no such thing as energy transition if you're shutting down 7 by 24 secure base load and adding intermittent unreliable foreign sourced energy. That's energy fantasy. President Trump's focused on energy reality.

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You're not only the Interior Secretary, but you're also a surrogate of the President. Typically after the State of the Union, we see Cabinet Secretaries fan out across the country to hit home, to deliver the message that the President began tonight. Do you have travel plans? What do the next weeks and months look like for you?

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424.167 - 437.029 Doug Burgum

Well, absolutely. And, of course, all the cabinet secretaries will tie it in with part of their jobs. So I'm going to be heading out to western states where we have a large degree of federal land, a lot of intersection with those federal assets.

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437.049 - 458.568 Doug Burgum

What we like to say, the Department of Interior has got the largest balance sheet in the world, 500 million acres of land, 700 million acres of subsurface rich with minerals, 3 billion acres of offshore from American Samoa to the U.S. Virgin Islands. Gulf of America, which represents a huge energy component mix for our country. But yeah, we'll be spanning out and delivering the message.

458.588 - 479.358 Doug Burgum

And the message is one that's a forward-looking prosperity. When you talk about the policies for your business, we're talking about cutting taxes, massively cutting regulations, record investment, incomes are up, inflation is down. interest rates are down, and affordability of housing is becoming more affordable. I mean, this is President Trump's right.

479.398 - 489.908 Doug Burgum

We are entering a new golden age of abundance. This first year was an amazing 180-degree turnaround. The next year going forward could be nothing short of an economic miracle.

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We'll be watching for you here in Washington on the campaign trail throughout the midterms. Mr. Secretary, thanks for joining us once again on Bloomberg TV and radio.

497.836 - 498.977 Doug Burgum

Thank you for being here.

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