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Odd Lots

Rep. Ro Khanna On Why Democrats Should Cut A Stimulus Deal With The White House

Odd Lots

Bloomberg

Business, News, News Commentary, Investing, Business News

4.52K Ratings

🗓️ 20 October 2020

⏱️ 21 minutes

🧾️ Download transcript

Summary

With just two weeks until the election, talks over a stimulus deal remain ongoing, with negotiations having picked up between House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin. Many of the disagreements haven't been about the price tag per se, but around language on such things as a national testing strategy and workplace liability. One of the most outspoken voices on the Democrat side, urging a deal, has been California Congressman Ro Khanna whose district encompasses much of Silicon Valley. He explains why, from his perspective, it's so important to get a deal done now. We also discuss the fiscal policy priorities of a theoretical Biden administration.

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Transcript

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0:00.0

Together we have the opportunity to build a more sustainable and inclusive future.

0:06.0

At the Bloomberg New Economy Forum, we help make this possibility a reality

0:11.0

by cultivating new connections among global leaders that transcend geographies, industries

0:16.3

and ideologies.

0:18.4

Because when global leaders work together, the outcomes benefit all of us.

0:23.0

Learn more at Bloomberg New Economy.com. Hello and welcome to another episode of the Odd Lots podcast I'm Joe Wiesenthal.

0:47.0

Unfortunately my co-host Tracy Allaway is off today that's because we scheduled this last minute interview with a very exciting guest to have

0:56.2

Today I'll be speaking with Ro Kana. He is the representative representing the 17th congressional district of California.

1:04.4

It includes a lot of Silicon Valley.

1:07.0

He's a progressive Democrat and what's striking is that he is as far as I know the only House Democrat to have publicly broken off

1:17.6

with Nancy Pelosi over the current stimulus negotiations so of of course, Nancy Pelosi, in ongoing discussions with Steve Manutchen, in perhaps an attempt to

1:28.8

get a deal done before the election day to spend more money to aid the economy. So far there's a lot of

1:35.9

debate. Speaker Pelosi has said that the offer from the administration is inadequate,

1:42.0

not necessarily so much about the dollar amount per se, but some of the

1:45.2

language in it. Basically all elected Democrats are with her. Our guest today, Rokana, saying, you know what, yeah, perhaps it's not a perfect deal, but it's worth getting

1:55.8

the money out the door now, even if it's less than perfect.

2:00.5

So we'll, uh, I'll be speaking with the congressman about his argument and why Pelosi should do a deal and something you should note that this is a fluid ongoing story.

2:12.0

So by the time you're listening to this the situation may have

2:15.1

changed but as it is we're recording this Monday afternoon on the 19th. So

2:22.0

Rokana thank you for joining us.

2:24.6

Hey, great to be on.

2:26.6

So, so far, as far as I know, you're the only elected Democrat at least in the house who has publicly said to

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