Here is the transpose of an interview with Kevin Hassett, the National Council target, which helps on the nation with the nation with Margaret Brennan “on June 1125.
Margaret Brennan: Here you join the Director of the National Econgo Board, Kevin Hassett. If you join the White House. Good morning to you.
Kevin Hassett, Director, National Econocyclic City: Gra Margaret, Good morning.
Margaret Brennan: So I want to afford to answer some of the very specific critics that Senator Klobucar made. One of the things she has broken was something that, frankly, the Senate, the Donujore of the Dog, and who was medicine, sucking some kind of adjustment. Say it someone we can do that I am the refuse, fraud, and abuse is open to discuss. The White House is open to any discussion around Medicare?
Hassett: Well, first, what is happening to be the syntators, respect to the legislative process, I am discussing what they can put on the table. The presidency made clear that endings of end, fraura, and abuse, and give you benefits to illegal, those who are theory priorities. If the Senate comes with other things we love to look at, assuming- I think I would look. But, there are many false stories about the medicor for employment, and it is not the table.
The way that was covered in the news of the night I was that in the end, when you finish the budget process, then there is bildget heads, then there is to beverages. And that’s the one who intends, and no democrative would like to vote as our intention to go after medicare the great fighter history the week the day the first week.
Margaret Brennan: OK, then Leader Thune and Leader Johnson Adsenzo and Rooker Johnson said with losses, and abuse. But you now, it takes-
Hassett: waste, fraud and abuse. Lose, fraud and abuse–
Margaret Brennan: But to be-
Hassett: It’s the same.
Margaret Brennan: Known, but you are taking medicator from the table. White House says you don’t do-
Hasset: No, No, but, but, but I haven’t seen a gym of paratianship, fraud and abused in medicaid, and no doctor, fraud and abuse. But if they will find something, of course we look at you.
Margaret Brennan: You look at it –
Hassett: – of course
Margaret Brennan: – Senator HASLE was woven Senator Klobucchar- Klobucar, and the Seno Missouri has the requirements the waste to the house that was sent in the Senate. Are you comfortable with this home bill like it’s written? What do you want to see do medicaid?
Hassettus: New, what we want to see now is we want the senate to pass the false, while shopping with us. And now, the Senate will get the votes that need to go the down, and sustain in that process. But you still need to mind about it, that of the things I put an economic advises report, so they approached that I would have caused a dash reduction. We’ll be in deep recession. We’ll lose six or seven million jobs of those people, almost all who lose their insurance. And so this idea that the only person who dared is someone who has taken from the government is just wrong we have in the bordy, then we are talking to the parties of the boys and abuse.
Margaret Brennan: So you are open to which Senator Hawle is that change, too, that’s what I understand.
Hassett: I would have to go to see what it has and I want to watch the high details before you say I open it. And I also wanted to talk to the President on the specific matter, that I haven’t done.
Margaret Brennan: okun, so one of the other massive influences on the economy now is the ported, especially with China. Tomorrow in London, the Treasury Spector, The Resermantary Rappeter and Serpetary will be met with Chinese Iontaries. Treasury sigretory told us that last Sunday that the recent tension was around the exports of critical ores. When will those export to run? And what do you expect to come from tomorrow’s meeting?
Hassett: Right. Those, those critical minerals have been released in a fee has been released, you will be delivered, you were, but not as we believe that we have to recover to geneva. And the President Trump, being a treated maker, he was talking to President, and said, Camping, I am falling, with me, our sids are the same level as you. Let’s meet somewhere, and make these things mounted for if you don’t like that we accepted you to release this. With hardly discussed, I want to sing in London, and I want to brush your hands on him so that we know that we have a treat. And then I think he was a little bit of a very busy exchange of chair and president XI come here. And so, I’m very comfortable that this trait is to be shut down, and it will be closed not with a one handed staff and burdratic staff, but with your hands. So is the way President Trump operates.
Margaret Brennan: same terms, nothing new.
Hassett: Well, I think there is – we can’t talk about the terms that come with everything I am always working. But the punt is, we want the rare earth, the magnets that are cell phones and all the rest, income before the beginning of aprilic. And we don’t want some technical details that relate to here, and that is clear to them.
Margaret Brennan: So, our CBS news desks don’t like fees, and most Americans don’t think trump administration has a plan. We also stand up the upper, including Federal Reserve Head Federal Federvis who said the rules are really unclear, and the goats fulfilled. When will they have that certainty from administration?
Hassett: Well I could be sure there will be some fees, and things that if they say they go to the fees is inconsistent with what I spoke before, Margaret. So that happen, just here, what we had a business decorating and, even, even, and they know, as the best employed by a corsal float. And so the point is just that, that if we put a fee on them then they go to bring the fee. So what happened? What happened is that you had 60 million dollars in A> US and and and infringe, now, any extra measurement, is the lowest thing that is more than four years old. And so all our policies are reducing reducing inflation and help reducing the deficit that approaches from other countries. And how much you rename, I think you could have covered, the budget office of Congress that says the fee is already in the place of the next 10 years. It’s more of their estimate, its own static static. So, all, so that’s deficit reduction.
Margaret Brennan: Well, we are happy that you have brought that status, why did you make me wonder. Just say that a certainty is there will be fee. You tell you that fees staying, that this is a constant source of–
Hassett: – We are, we have to negotiate reciprocal-
Margaret Brennan: – –
Hassett: – – I’ve seen traits.
(Crosstalk)
Hassett: and exactly where I am. We work outside, and opens the markets. So that–
Margaret Brennan: Yes, but offers- this is where I’m tired, because the offers is to negotiate fees. So is a diminishing source of income over time. But, if you say that there will be blank fees –
Hassett: –last year–
Margaret Brennan: – -F which one hundred?
Hassett: Last year, before you arrive here we were lifting 80 billion a year. Now, the CBO projects we’re going to get 2.8 trillion over the next 10 years. Exactly where the number ends up on how long countries are opening their markets and how much they treat our farmers and we’ll see –
Margaret Brennan: –so you don’t know how much you reveal you have to do–
Hassett: Revenue, entry was 80 billion last year. Rates of fare- fare, it’s not gone. That’s what i say.
Margaret Brennan: But we don’t know what are the fees. So that-
Hassett: We neglect on a country basis.
Margaret Brennan: Exactly.
Hassett: We had a bunch of business bunks. We have a business deal with the United Kingdom that is already, you can see what trade to be undone with the UK is now.
Margaret Brennan: Right, so is a fluctuating number. Is not- it’s not a constant. But before I let go of it, to SY SELTOI in this meeting this week this week of state and local tooth is not done. They don’t have the policy in the senate as they do in the house you needed, right. So is the white house engaged to keep this, this square of the salt fiscal deduction?
Hassetter: U- The president gave himself supported the law, the state and stinger dodada fundament. And that’s a lot of, you know, it’s a traitor’s traitor’s trouble with the senate and home. And again president has listed their fiscal false priorities, and you know, it’s not rate on advice, unwilling to know each other. And the senate and home, healthy these priority for the president are red lines. And then on the other side, they are negotiate what they have to negotiate, because there is another level of support in the senate that there was home. And in the end, that thing we need, the president wants, it’s a passing invoice. Happens on the fourth of July.
Margaret Brennan: If you senator Crapo must approach that you are as the house wrote.
Hassett: He’ll work with home.
Margaret Brennan: Okay. Kevin Hassett, Thank you for your time this morning. We will be back in a moment.