Trump administration under fire as government shutdown drags on #News

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Trump administration under fire as government shutdown drags on #News   Kevin Hassett, Director of the National Economic Council, joins LiveNOW from FOX from the White House to provide an update on the government shutdown. Hassett said, "President Trump wants the government open."   Your Query   #LiveNews #BreakingNews #FOXNewsLive #24x7News #NewsLiveStream  #FoxLiveStream #WorldNews #USNews #WatchLive #LiveNow  #LiveBreakingNews #FoxHeadlines #PoliticsLive #FoxStream  #News #NEWS #BREKING #Podcast #24x7 #Politics #Current #Events  #Headlines #Newsmax #Opinion #WashingtonDC #Congress,     News, NEWS, BREKING, Podcast, 24x7, Politics, Current Events,  Headlines, Newsmax, Opinion, Washington DC, Congress, The Trending News 10, the trending news 10   Live news today,  FOX News live stream,  24/7 breaking news,  Live US news,  FOX News now,  World news live,  Real-time headlines,  Political updates live,  FOX live channel,  Watch news online free,    YouTube :- http://www.youtube.com/@TheTrendingNews10  Facebook https://www.facebook.com/profile.php?id=61574949994535   Rumble:- https://rumble.com/v6rpuiv-live-news-live-now-fox-247-live-stream-live-news.html   Blogger:-https://latestnewupdatelive.blogspot.com/   Bitchute:- https://www.bitchute.com/channel/HmjiWUnvxfU2   Costv:- https://cos.tv/account/register?invite_code=3ECBL  URL: https://dailymotion.com/trending3046    #LiveNews, #trendingnews, #livestreaming #NewsUpdate #fb  LIVE NEWS  Live NOW FOX 24/7 LIVE STREAM live news   LIVE NEWS,   Live NOW , FOX 24/7 , LIVE STREAM,  live news,    #LIVENEWS  #livenow  #FOX24/7  #livestreaming  #LivenewsToday

Transcript

00:00I do want to bring in Kevin Hassett, the director of the National Economic Council under President

00:05Trump, joining us now. Thank you so much for taking the time to be here with us today. I know

00:09you've had a busy week and really several months here. Yeah, well, it's great. It's great to be

00:14here. And first off, I did want to ask you overall, again, as I mentioned now, we are in day seven

00:20here. What sort of impacts have we seen already happening and what could we see in the coming

00:26days and weeks? Right. Well, first of all, to give viewers the setting, that we're in a very unusual

00:33circumstance with the government shutdown, that the Constitution and the Federalist Papers designed

00:40the Senate to be a moderating influence in our government. And in fact, under Chuck Schumer and

00:46the Democrats, they're the exact opposite. This is the third time since President Trump took office,

00:52last time plus this time, that they've shut the government down. In fact, one of the years they

00:57didn't do it was the COVID year. And so they're basically, you know, if you like to think about

01:02it, they're batting really, really like way above, you know, Ted Williams in terms of their willingness

01:08to shut the government down. But Republicans have forever and ever recognized their constitutional duty

01:13to keep the government open. And so with Joe Biden, 13 times, they had a continuing resolution

01:19to keep the government open, just as the constitutional framers would have expected

01:24the moderating influence people would do. And those continuing resolutions were supported by the

01:32vast majority of Republicans who understood their duty to be a moderating influence. And in fact,

01:37the votes were in the 80s every single time. And so we're at a very unusual time. And that's the setting.

01:43And so the question is, how do we think about the unusual time? And the Council of Economic Advisors

01:49has done a study about like, what's the cost of the overall economy of shutting the government down?

01:54And they estimate that it costs us about $15 billion in lost GDP every week. And so, you know,

02:01you haven't seen the GDP numbers yet, though, they'll come out in the future. But we've, yeah,

02:04we've lost a significant amount of national income because of the shutdown already. And it's the

02:11position of President Trump and Senator Thune that the senators need to recognize their constitutional

02:17duty, be a moderating influence, and get the government open. And then instead of trying to

02:22get policy concessions, you know, while they're, you know, driving the truck off the cliff,

02:27they open up regular order discussions about their concerns as soon as the government's open.

02:32That's the position of the president and of Senator Thune.

02:35And on that note, what are maybe the red lines, things that Republicans are not willing to give

02:42up as those negotiations continue? Because we heard from President Trump yesterday, he said in

02:47the Oval Office that some good talks are happening and there could be something good in the future.

02:53What is it that Republicans are not going to give up regardless of what happens?

02:59Republicans want the government to be open as all of your listeners want.

03:03They want the people to get the paychecks that they've earned. We want military families to get

03:09their paychecks. We want the children who are getting their baby formula from the WIC program

03:15to get their baby formula. And we want that to happen. And that's a very, very simple thing to

03:21happen. It's not a thing to negotiate. It's a one line thing. Just open the government.

03:25And once the government's open, then President Trump and Republicans on the Hill are willing,

03:29of course, to talk to their colleagues about, well, what's next step for policy. But now is not the

03:35time to do it. I'm not sure if you can provide necessarily some perspective here, but how many

03:41federal employees do you expect are going to be furloughed versus maybe required to work without pay?

03:47And when do those furloughs become potential firings?

03:52Well, right now, our hope is that we get the government open today and that if, you know,

04:00the money doesn't come, then eventually cabinet agencies are going to have to make hard choices

04:05about how they keep the government running, given that Congress hasn't allocated the funds

04:11to those agencies. But again, nobody in the White House, nobody in Capitol Hill that's a Republican

04:17wants people to lose their jobs and to lose their pay. We just want the government open. And then we

04:23want with regular order to talk about the future of our country.

04:27Benefits and different programs, support programs that are there. You touched on this a little bit,

04:31but what is being impacted so far? Because we've heard about military families, things of that nature.

04:37So what has been impacted there as far as those programs go?

04:43Right. Well, well, one of the things that's having an impact is that the there'll still be

04:48some checks going out to government workers, but with the government shutdown, then they won't get

04:52paid for the shutdown days. And so that the checks that they'll receive, a lot of people are getting

04:57their next check on the 15th of October. Those checks will be smaller and that'll be an immediate

05:03impact. You and I already talked about the immediate impact of having the government shut for a week.

05:06The CEA thinking that that's a cost of about $15 billion.

05:10Are there concerns, risks there of losing trained federal staff permanently, people quitting,

05:17putting in their notice when you do have something like this, like an extended shutdown?

05:23The basic point is the Democrats need to open up the government. And if the government is not open,

05:30if they fail to do that, then there can be long run costs where especially valuable government workers

05:38who have a high market value in the private sector say, that's it, I'm done. You know, I'm here taking

05:44this government job because I'm a patriot, but the Democrats won't, you know, support me in my

05:50patriotism. And then there is a risk that people would move on and take private sector jobs. And the risk is a

05:56serious one because the people, the very, very best people are the people that are most valuable in

06:01the private marketplace as well.

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