On this “Face the Nation” broadcast, moderated by Margaret Brennan:
- Sen. Invoice Hagerty, Republican of Tennessee
- White Home Nationwide Safety Adviser Jake Sullivan
- Rep. Ro Khanna, Democrat of California
- Minneapolis Federal Reserve President Neel Kashkari
- Karen Pierce, British ambassador to the U.S.
Click on right here to browse full transcripts of “Face the Nation with Margaret Brennan.”
MARGARET BRENNAN: I am Margaret Brennan.
And this week on Face the Nation: What’s subsequent for America after former President Trump’s decisive victory? With Donald Trump and his allies now centered on their agenda for Washington and the world, how and can he ship on his marketing campaign guarantees?
We’ll start with Republican Senator Invoice Hagerty. He served in Trump’s first time period as ambassador to Japan. Will he return for an even bigger function within the second?
Nationwide Safety Adviser Jake Sullivan might be right here to debate President Biden’s nationwide safety priorities, because the clock ticks down on the commander in chief.
Plus: After Democrats misplaced assist from key voter teams, the get together faces an id disaster and the method of rebuilding. California Congressman Ro Khanna will weigh in on the challenges forward.
British Ambassador to the U.S. Dame Karen Pierce might be right here to speak concerning the European response to Trump’s return. And we are going to examine in with Minneapolis Federal Reserve President Neel Kashkari concerning the Fed’s rate of interest lower and the incoming administration’s formidable plans to reshape the financial system.
It is all simply forward on Face the Nation.
Good morning, and welcome to Face the Nation.
As we wrap up marketing campaign 2024, the scope of Republican management in Washington over the subsequent few years is coming into focus. In a single day, CBS projected Donald Trump the winner in Arizona, giving him a whole electoral vote sweep of the seven battleground states.
With a remaining tally of 312 electoral votes, Republicans scored their greatest White Home win in 36 years. Republicans may even management the Senate with a minimum of 52 seats, and there are two races that haven’t but been referred to as by CBS Information. Management of the Home continues to be to be decided with a number of contests excellent, however CBS Information charges it as leaning Republican at this level.
We start this morning with what now we have discovered concerning the incoming Trump administration, personnel, priorities, and extra.
We flip now to Robert Costa.
Bob, good to have you ever right here.
I do know you’ve got been talking to your sources. What’s going to the second time period appear like?
ROBERT COSTA: Nice to be with you, Margaret.
In latest days, I’ve spoken to president-elect Trump, referred to as him up on the telephone, alongside along with his prime advisers and allies. And what’s notable about this transition is that, in contrast to in 2016, when he was elected as a Washington outsider, now he is aware of all of the gamers in Washington.
And he alone, greater than some other support, is evaluating the personnel and prospects round him. And he mirrored in one in all our conversations about how he sees his mandate, that he has a motion and a base and now a celebration that is absolutely behind him. And he needs to guarantee that anybody who comes on board has his similar imaginative and prescient for that mandate and for his perceived stage of assist.
And you’ve got seen in latest days individuals round Trump within the wider orbit are attempting to suggest a number of names, nevertheless it’s Trump himself who’s saying to his prime aides like Susie Wiles, his incoming chief of workers, that he needs to guarantee that this isn’t a chaotic course of and it is reflective of the place he needs to go, greater than some other form of counsel.
And on international coverage, for instance, you see names like Senator Invoice Hagerty, Senator Marco Rubio, former Ambassador Ric Grenell, all individuals who establish with Trump’s imaginative and prescient. However those that have had points with Trump prior to now about how he perceives international coverage, like, for instance, former Ambassador Nikki Haley or former Secretary Mike Pompeo, at the moment are out of the method.
And it isn’t due to any private bother with Trump, I am advised. It is as a result of, on the finish of the day, Trump needs to ensure issues are shifting alongside easily on ideological and coverage traces come January.
MARGARET BRENNAN: Do we all know what it was with Mike Pompeo, who served him fairly loyally for 4 years as CIA director and secretary of state? Was it his assist, for instance, of Ukraine?
ROBERT COSTA: It is only a totally different orbit round Trump proper now. The president-elect has individuals like Donald Trump Jr., Elon Musk. He has Steve Bannon on the skin advising him.
These are people who find themselves noninterventionists. These are individuals who aren’t conventional Republican hawks. That is to not say some hawks will not find yourself on this administration or some Wall Avenue figures would possibly find yourself on this administration as properly.
I am advised by my sources that the president-elect just isn’t ruling out mainstream Republicans or extra centrist Republicans from becoming a member of his staff. However, at this level, he is shifting rapidly to ensure his base, his get together, and his picture is mirrored within the personnel picks absolutely.
MARGARET BRENNAN: What are his priorities for the first 100 days? Or is that too conventional a mind-set about it?
ROBERT COSTA: No, they’ve an actual agenda this time. You bear in mind, in 2017, it was considerably sporadic in how they moved and navigated on well being care and taxes.
They’re shifting rapidly already behind the scenes to increase the Trump tax cuts, to institute sweeping tariffs throughout the board. They’re additionally going to attempt to, on international coverage, start negotiations with Ukraine and Russia someday early subsequent 12 months. And you’ve got mass deportations, greater than something, galvanizing the Trump individuals behind the scenes.
After all, they know it should be controversial. To take away undocumented migrants in a giant method throughout the nation may very well be logistically tough and politically difficult, however they’re shifting forward.
MARGARET BRENNAN: Bob Costa, thanks.
And we flip now to Tennessee Republican Senator Invoice Hagerty, who additionally served as U.S. ambassador to Japan.
SENATOR BILL HAGERTY (R-Tennessee): Sure, Margaret.
MARGARET BRENNAN: … throughout the first Trump administration. It is good to have you ever right here.
SENATOR BILL HAGERTY: It is good to be with you.
MARGARET BRENNAN: So, Donald Trump has this sweeping mandate, as do Republicans. Do you see this as an unrestrained presidency?
SENATOR BILL HAGERTY: Oh, I feel it is a presidency that has a mandate like we’ve not seen, as you talked about, in 36 years. The American public has spoken loud and clear. And
I feel in case you return to your interview with Bob, there are a variety of locations the place Washington has been out of contact with the American individuals. You talked about Ukraine. I feel that is an excellent instance. The American individuals need sovereignty protected right here in America earlier than we spend our funds and assets defending the sovereignty of one other nation.
You concentrate on it, we have despatched $175 billion of U.S. support to Ukraine. That is greater than thrice your complete annual price range of the U.S. Marine Corps. I’ve been one of many few senators in the US Senate who has voted and has opposed each cent of this Ukraine support.
MARGARET BRENNAN: Proper.
SENATOR BILL HAGERTY: I’ve been listening to the American individuals. We have to give attention to our personal points first.
And I’ve taken a number of warmth over it from Mitch McConnell, from “The Wall Avenue Journal.”
MARGARET BRENNAN: Sure.
SENATOR BILL HAGERTY: However that is what the American individuals spoke up and need us to do. We must always by no means have been in Ukraine. It is a results of failed insurance policies, failed power insurance policies, the failure in Afghanistan.
MARGARET BRENNAN: There isn’t any U.S. presence in Ukraine. Are you speaking about…
SENATOR BILL HAGERTY: No, however our funds. I am speaking concerning the huge quantity of funds, once more, $175 billion.
That is an amazing quantity, as I stated, greater than thrice the price range of the U.S. Marine Corps. The American individuals need to give attention to fixing our issues right here. And with the border’s collapse, with crime within the cities, we have to concentrate to America.
MARGARET BRENNAN: So does that imply simply cuts to U.S. army support to all international locations?
SENATOR BILL HAGERTY: What it means is that we have to take a really deliberate give attention to America first.
However we must be main from a place of power, Margaret. As I stated, we might not be on this place. Now what now we have is an administration that is permitting Russia to promote at a $60-a-barrel cap. The argument they make, that reduces Russia’s earnings.
What it does, really, is it subsidizes China to compete once more unfairly towards us with an power value benefit.
MARGARET BRENNAN: Proper.
SENATOR BILL HAGERTY: And we preserve Vladimir Putin absolutely funding this conflict in Ukraine. We have to cease that. We have to return to producing our personal power and take Russia out.
Apparently, apparently, I’ll name this the Trump impact. However simply prior to now 72 hours, what we have seen is the E.U. say, perhaps we must always exchange Russian LNG with U.S. LNG. You have seen in New York Metropolis…
MARGARET BRENNAN: Effectively, that – that is been talked about for a while.
SENATOR BILL HAGERTY: … we’re not going to concern debit playing cards to unlawful immigrants anymore. Migrant caravans are being damaged up beneath the border and rotated.
The U.Okay. has stated, we’ll step our protection price range as much as about 2.5 p.c, all since President Trump was elected.
MARGARET BRENNAN: A few of that was – was in course of already, however let me ask you particularly on Ukraine.
So Hungary’s Prime Minister has stated that Donald Trump has advised him he’ll lower off assist to Ukraine. You might be saying right here, I feel, within the new Congress, there might be no extra support to Ukraine.
SENATOR BILL HAGERTY: I’ve actually not voted for any support.
MARGARET BRENNAN: I do know you have not, however is that – is that the mandate?
SENATOR BILL HAGERTY: And I feel President Trump will discover – President Trump will discover a solution to take care of this. I am not going to get forward of him. I am sure that he’ll discover a solution to navigate this that is within the curiosity of the American individuals and can cease the carnage.
MARGARET BRENNAN: So, however…
SENATOR BILL HAGERTY: Look, what’s occurred in Ukraine is horrible. Individuals are dying.
MARGARET BRENNAN: Sure.
SENATOR BILL HAGERTY: They proceed to die. However we have to cease this.
MARGARET BRENNAN: However – however here is the factor, we are also seeing this alignment of like an axis of adversaries, proper? You will have Iranian tools. You will have Chinese language tools.
SENATOR BILL HAGERTY: Deeply regarding, sure.
MARGARET BRENNAN: Proper. You will have North Korean personnel on the battlefield.
So this concept that Ukraine is one way or the other divorced from the remainder of geopolitics does not appear to be bearing out. It is of deep concern to a few of our Asian allies, Japan, South Korea. So how are you going to have the ability to do that with out complicating the chessboard?
SENATOR BILL HAGERTY: Effectively, I feel it is grow to be sophisticated as a result of America has not been standing able of power. The reason being that Russia has been absolutely funded due to the insurance policies that enable them to promote power.
MARGARET BRENNAN: Effectively, there are in depth sanctions on Russia, whether or not or not they’re…
SENATOR BILL HAGERTY: Iran, we had them shut down. Iran was broke. Now they’re in a position to fund terror everywhere in the world. We had a most strain marketing campaign.
MARGARET BRENNAN: Partly as a result of they’ve all these different adversaries that they are doing enterprise with, proper? China.
SENATOR BILL HAGERTY: They weren’t ready to try this below the Trump administration. That is why we noticed peace breaking out within the Center East. With out Iran being shut down, which is what we did below the utmost strain marketing campaign – President Trump led this.
We have been in a position to transfer our embassy from Tel Aviv to Jerusalem. All people stated it could not occur. It did.
MARGARET BRENNAN: Sure.
SENATOR BILL HAGERTY: The Abraham Accords. Peace was breaking out within the Center East as a result of Iran couldn’t fund terror.
MARGARET BRENNAN: Effectively…
SENATOR BILL HAGERTY: As quickly because the Biden administration got here in, they stopped implementing…
MARGARET BRENNAN: There have been assaults by Iran throughout the Trump administration.
SENATOR BILL HAGERTY: Nothing to the extent that we have seen right here.
MARGARET BRENNAN: And the assassination of Qasem Soleimani.
However, on the Center East. Israel’s Prime Minister stated this morning that he spoke to President Trump thrice in latest days, they usually mentioned Iran they usually mentioned a peace plan. Have you learnt what the content material of these conversations was?
SENATOR BILL HAGERTY: No. And, if I did, I would not focus on them right here, as a result of that needs to be navigated very rigorously.
MARGARET BRENNAN: Effectively, one of many causes I ask is, we do have this this mid-November deadline that the State Division, the Pentagon have set for Israel to enhance the move of support to Gaza’s two million residents. The U.N. says there may be famine already, or on the verge of famine.
Whether it is discovered that Israel is certainly violating. U.S. regulation, would you maintain them accountable? Ought to there be penalties? As a result of they’re recipients of U.S. support.
SENATOR BILL HAGERTY: Effectively, I’ve had enormous disagreements with this administration by way of how they’ve administered their complete coverage.
MARGARET BRENNAN: However that is U.S. regulation. It isn’t simply this administration. It is humanitarian regulation.
SENATOR BILL HAGERTY: Sure. Effectively, I feel what we have seen simply escape once more prior to now 70-plus hours since President Trump received the election, Hamas is now in search of whole peace. So I feel the surroundings has completely modified.
MARGARET BRENNAN: What do you imply?
SENATOR BILL HAGERTY: They’ve introduced they’d prefer to see peace. They prefer to see peace in Gaza. Let’s have a look at the place that leads.
MARGARET BRENNAN: You consider – you consider that there might be a hostage deal negotiated below President Trump?
SENATOR BILL HAGERTY: I wish to see what – I wish to see what Hamas means by this assertion. However evidently your complete surroundings is shifting proper now.
MARGARET BRENNAN: Sure.
SENATOR BILL HAGERTY: As a result of they see new management coming in. And I am inspired by that, and I feel we’ll have new alternatives to – once more, President Trump was in a position to ship peace by power.
MARGARET BRENNAN: Sure.
SENATOR BILL HAGERTY: I feel that is on the way in which, and I am optimistic what it’d result in.
MARGARET BRENNAN: So, one of many attention-grabbing dynamics we noticed on this election was that Mr. Trump was in a position to, in some methods, efficiently marketing campaign and peel off Muslim voters, Arab voters. Actually, within the state of Michigan, you noticed a few of that.
Do you assume – they usually have been annoyed by the carnage in Gaza. Because of this, do you assume Mr. Trump finally ends up with extra wiggle room right here to maybe maintain the Israeli prime minister to account, or does he simply give a inexperienced mild?
SENATOR BILL HAGERTY: I feel what President Trump goes to do is give attention to the foundation trigger, to borrow a time period that was used an excellent deal within the final administration.
He’ll give attention to Iran, as a result of the reason for that is the Iranian funding and coaching…
MARGARET BRENNAN: Sure.
SENATOR BILL HAGERTY: … of Hamas, of Hezbollah, of the Houthis. That will have by no means occurred…
MARGARET BRENNAN: However by way of…
SENATOR BILL HAGERTY: … apart from the truth that they launched the enforcement of sanctions…
(CROSSTALK)
MARGARET BRENNAN: … upholding worldwide regulation and U.S. authorized requirements to recipients of U.S. army support, do you assume he’ll stick by that?
SENATOR BILL HAGERTY: President Trump is actually going to uphold U.S. regulation, however he’s additionally going to make sure that our allies are correctly cared for and that our adversaries are handled accordingly.
MARGARET BRENNAN: So, I haven’t got to let you know this, as a result of you already know Asia rather well, however 5 of America’s seven treaty commitments are in that Asia-Pacific.
The U.S. has publicity there in an amazing method. The final time Donald Trump was president, he talked about pulling U.S. troops out of Japan, pulling them out of South Korea. Is {that a} precedence now, lowering the army footprint in Asia?
SENATOR BILL HAGERTY: I feel that comes again once more to the failure of the elite right here in Washington, Margaret, to know how a businessperson negotiates.
All people has bought to take a seat down and speak about what the choices are. We’ve been supporting army presence in that space ever since World Battle Two, ever for the reason that Korean Battle, a big funding on behalf of the American individuals.
These investments have been made at a time when these economies have been collapsed. They have been growing international locations.
MARGARET BRENNAN: Mm-hmm.
SENATOR BILL HAGERTY: At present, they’re absolutely developed international locations. It is completely related and I feel acceptable for President Trump to debate, inside the stage of assist…
MARGARET BRENNAN: However by way of signaling power, saying we’d ditch our allies is not precisely a optimistic message, proper?
SENATOR BILL HAGERTY: I feel the message must be that our allies can and may step as much as the extent attainable to strengthen their very own capabilities. We’re seeing it occur. We’re seeing it occur in Japan.
They’ve agreed to double their protection price range from 1 p.c to 2 p.c of GDP. That is a optimistic improvement.
MARGARET BRENNAN: Mm-hmm.
SENATOR BILL HAGERTY: They’re making an attempt to work extra intently with us. I feel, in President Trump’s administration, they undoubtedly will.
That is the route that we have to go. Identical for South Korea.
MARGARET BRENNAN: Earlier than I allow you to go, you’re on plenty of highly effective Senate Committees. Do you assume you are extra helpful to Mr. Trump within the Senate, or would you be part of his Cupboard, if requested?
SENATOR BILL HAGERTY: I’ll simply say this.
I used to be privileged to have an amazing profession in enterprise, however one of many biggest honors in my life was to symbolize the US, the best nation on the earth, in President Trump’s administration abroad.
MARGARET BRENNAN: Mm-hmm.
SENATOR BILL HAGERTY: It is also been one of many biggest honors in my life to symbolize the individuals of Tennessee serving in the US Senate.
In no matter function I maintain going – going ahead, it should be superior – – it should be advancing the positions that President Trump has articulated that the American individuals overwhelmingly supported.
MARGARET BRENNAN: Sure.
SENATOR BILL HAGERTY: And I’ll do this in no matter function needed, however we’re going to see America robust once more.
MARGARET BRENNAN: Senator Hagerty, thanks in your time at this time.
SENATOR BILL HAGERTY: Thanks a lot, Margaret. Good to be with you.
MARGARET BRENNAN: We might be proper again.
(ANNOUNCEMENTS)
MARGARET BRENNAN: We’re again with White Home Nationwide Safety Adviser Jake Sullivan.
Jake, good to have you ever right here.
JAKE SULLIVAN (U.S. Nationwide Safety Adviser): Thanks for having me.
MARGARET BRENNAN: So we all know President Biden and president-elect Trump will meet within the Oval Workplace on Wednesday.
There are a number of fires world wide. What’s it that President Biden needs to ship by way of a spotlight and message?
NATIONAL SECURITY ADVISER JAKE SULLIVAN: Effectively, the primary and most vital message might be that President Biden is dedicated to the peaceable switch of energy and to a accountable handoff from one president to the subsequent, which is in one of the best custom of our nation and has been for the final 240 years.
After which they are going to undergo the highest points, each home and international coverage points, together with what is occurring in Europe and Asia and the Center East. And the president may have the possibility to elucidate to President Trump how he sees issues, the place they stand and discuss to President Trump about how President Trump is considering taking up these – these points when he takes workplace.
MARGARET BRENNAN: Effectively, let’s go to Ukraine, as a result of we simply heard from Senator Hagerty that world view from that portion of the Republican Social gathering proper now.
We all know the conflict is increasing there. The North Korean troops appear to have entered the combat. You will have all these adversaries all in on Russia successful there. What are you able to do within the remaining 70 days to kind of change what’s taking place on the bottom or Trump-proof the technique, so to talk?
NATIONAL SECURITY ADVISER JAKE SULLIVAN: Effectively, look, our strategy stays the identical as it has been for the final 2.5 years, which is to place Ukraine within the strongest attainable place on the battlefield, in order that it’s finally within the strongest attainable place on the negotiating desk.
And it must be as much as Ukraine to resolve, for its personal sovereignty and its personal territorial integrity, when and the way it goes to the negotiating desk. It must be as much as the US and a coalition of countries that now we have constructed to proceed to produce Ukraine with the means to defend itself towards brutal Russian aggression.
MARGARET BRENNAN: You have bought, like, what, $6 billion in cash left that is already…
NATIONAL SECURITY ADVISER JAKE SULLIVAN: And President Biden made clear when President Zelenskyy was right here in Washington a few months in the past that we might spend the entire assets that have been offered to us by the Congress on time and in full, which means that, by January 20, we may have despatched the total quantity of assets and support to Ukraine the Congress has approved.
And, in fact, President Biden may have the chance over the subsequent 70 days to make the case to the Congress and to the incoming administration that the US mustn’t stroll away from Ukraine, that strolling away from Ukraine means extra instability in Europe.
And, finally, because the Japanese Prime Minister stated, if we stroll away from Ukraine in Europe, the query about America’s dedication to our allies in Asia will develop.
MARGARET BRENNAN: Do you imply President Biden goes to ask Congress to move extra money for Ukraine earlier than he leaves workplace?
NATIONAL SECURITY ADVISER JAKE SULLIVAN: Look, I am not right here to place ahead a particular legislative proposal.
However President Biden will make the case that we do want ongoing assets for Ukraine past the tip of his time period, as a result of the menace to Ukraine will stay it doesn’t matter what precisely occurs on the battlefield or on the negotiating desk, and the US mustn’t stroll away from its dedication, both to Ukraine or to 50 nations that now we have rallied in protection of Ukraine in each Europe and Asia.
MARGARET BRENNAN: So, U.S. intelligence assessed that Russia favored Donald Trump on this election, that Russia interfered in a reasonably dramatic and visual vogue with these faux movies.
What consequence are they going to pay, if any, for doing that?
NATIONAL SECURITY ADVISER JAKE SULLIVAN: Effectively, first, let’s not overlook that we’re at present serving to Ukraine combat Russia in Ukraine…
MARGARET BRENNAN: Proper.
NATIONAL SECURITY ADVISER JAKE SULLIVAN: … in essentially the most dramatic and full-throated method one may – may think about. So we’re already doing a considerable variety of issues to impose prices on Russia.
We’ve additionally handed essentially the most sweeping sanctions on Russia that now we have seen towards a serious financial system on the earth…
MARGARET BRENNAN: However Senator Hagerty was saying it is – Russia’s doing high quality even with these sanctions.
NATIONAL SECURITY ADVISER JAKE SULLIVAN: Effectively, to start with, you’ll be able to see in many various methods, whether or not it is inflation in Russia, whether or not it is their potential over time to really develop their financial system, their expertise, their capability to spend money on new sources of power taking place the road, that the image for Russia appears more and more bleak as time goes on, and that the sanctions are biting.
They haven’t stopped, clearly, Russia from having the ability to perform its army operations in Ukraine at this time, however they’ve painted a darker image for Ukraine – for Russia tomorrow.
MARGARET BRENNAN: Have you learnt what Russia is giving North Korea’s Kim Jong-un in change for the boys he’s sending to combat on the battlefield in Ukraine?
NATIONAL SECURITY ADVISER JAKE SULLIVAN: We do not know for certain.
And, frankly, I feel Vladimir Putin does not know for certain. I feel he most likely hasn’t determined precisely what he’ll do for North Korea on a going-forward foundation.
However I’ll let you know this. Kim Jong-un expects that he’ll get one thing vital, most likely within the type of army and expertise assist from Russia.
MARGARET BRENNAN: For its nuclear program?
NATIONAL SECURITY ADVISER JAKE SULLIVAN: And that is a definite chance. I can not say precisely what is going to occur, however now we have already heard the Russians come out and say that North Korea’s nuclear program must be checked out in a different way at this time than it was 5 or 10 years in the past.
MARGARET BRENNAN: Mm-hmm.
NATIONAL SECURITY ADVISER JAKE SULLIVAN: So the priority concerning the relationship between Russia and North Korea in each instructions could be very actual and one thing that the entire nations of the free world want to concentrate to.
MARGARET BRENNAN: So, Prime Minister Netanyahu stated he spoke to Donald Trump thrice prior to now few days. The Israeli president, Isaac Herzog, is coming to the White Home. That was simply introduced.
What makes you assume in these remaining days of the Biden administration that Benjamin Netanyahu would conform to peace in Gaza or conform to peace in Lebanon and never maintain on to that political capital for the brand new president?
NATIONAL SECURITY ADVISER JAKE SULLIVAN: Effectively, Prime Minister Netanyahu will make his selections, and – and he’ll communicate to his selections.
Here is what I see. First, in Gaza, it actually at this time just isn’t Israel that’s standing in the way in which of a cease-fire and hostage deal. It’s Hamas. Israel has stated it is ready to do a brief cease-fire for plenty of hostages after which attempt to construct on that to get the entire hostages dwelling.
MARGARET BRENNAN: Have you learnt what…
NATIONAL SECURITY ADVISER JAKE SULLIVAN: Hamas has stated no.
MARGARET BRENNAN: … Mr. – Senator Hagerty was speaking about on that with Hamas?
NATIONAL SECURITY ADVISER JAKE SULLIVAN: I do not know concerning the explicit assertion he made.
What I’ll let you know is, no matter Hamas is saying publicly, what they’re speaking to the mediators is, no, we is not going to do a cease-fire-and- hostage deal at the moment.
So what we have to do is get the remainder of the world to proceed to extend strain on Hamas to return to the desk to do a deal in Gaza, as a result of the Israeli authorities has stated it is ready to take a brief step in that route.
After which, in the case of Lebanon, now we have been actively engaged in discussions with the Israeli authorities.
MARGARET BRENNAN: Mm-hmm.
NATIONAL SECURITY ADVISER JAKE SULLIVAN: These ought to stay behind closed doorways.
However we do consider that, sooner or later, the Israeli authorities needs to do a deal that will get its residents again dwelling. I do not assume it is doing that deal for American politics. I feel it is doing that deal to attempt to safe Israel. And I count on that, within the coming weeks, we are going to see progress in that route.
MARGARET BRENNAN: Will you maintain Israel to account?
As a result of the secretaries of state and protection have despatched letters saying that they are not permitting in support to the diploma they need to, and that there are probably compelled displacements from Northern Gaza. On this program, you’ve got stated that was basically a purple line.
NATIONAL SECURITY ADVISER JAKE SULLIVAN: So, mainly, what you’ve got seen from Secretary Austin and Secretary Blinken is a letter to their Israeli counterparts that claims…
MARGARET BRENNAN: Proper.
NATIONAL SECURITY ADVISER JAKE SULLIVAN: … here’s a set of steps we count on you to take, and we’re going to measure you towards the progress you’re making in direction of these steps.
MARGARET BRENNAN: Mm-hmm.
NATIONAL SECURITY ADVISER JAKE SULLIVAN: This week, we are going to make our judgments about what sort of progress they’ve made. After which Secretary Austin, Secretary Blinken, the president will make judgments about what we do in response, and I am not going to get forward of that.
MARGARET BRENNAN: In a short time, President Xi and President Biden might be in the identical place at these summits within the subsequent few days. Will the president confront him about this pervasive and large hacking of telecom corporations referred to as Salt Hurricane?
NATIONAL SECURITY ADVISER JAKE SULLIVAN: President Biden, each time he sees his Chinese language counterpart, President Xi, speaks to him about cyber- enabled espionage, about cyberattacks.
MARGARET BRENNAN: It is a vital assault.
NATIONAL SECURITY ADVISER JAKE SULLIVAN: Sure, it’s. It’s a completely vital assault. It is one thing that the FBI, our Division of Homeland Safety, and our complete nationwide safety enterprise is digging into in a giant method.
MARGARET BRENNAN: Mm-hmm.
NATIONAL SECURITY ADVISER JAKE SULLIVAN: And, in fact, will probably be on the agenda between each American official and each Chinese language official within the weeks forward.
MARGARET BRENNAN: Jake Sullivan, loads taking place on the earth. Thanks for coming in and speaking to us.
We’ll be proper again with much more Face the Nation.
(ANNOUNCEMENTS)
MARGARET BRENNAN: Keep tuned throughout CBS Information for all the newest information on president-elect Donald Trump’s transition plans and the way his new insurance policies will influence People. You possibly can watch reside or on demand on Paramount+ or on our CBS Information app.
We might be proper again.
(ANNOUNCEMENTS)
MARGARET BRENNAN: We might be proper again with California Congressman Ro Khanna.
Stick with us.
(ANNOUNCEMENTS)
MARGARET BRENNAN: Welcome again to FACE THE NATION.
We’re joined now by Democratic Congressman Ro Khanna. He is in California this morning.
Good morning to you.
This was a tough week for Democrats. I haven’t got to let you know that. However, Congressman, I imply, simply to stage with the American individuals, Democrats and the Harris marketing campaign advised them that the destiny of democracy itself was at stake. Was {that a} cynical, political tactic, or, if it is actuality, what’s the plan now?
REPRESENTATIVE RO KHANNA (D-CA): Effectively, Margaret, I feel what was at stake is the degradation of American democracy. The course of this, a political discourse. The concept that you’ve got people who find themselves undocumented, 12 million, who could also be topic to a violation of their rights. The problems is about local weather and the reversal on that. I’ve by no means stated that you simply weren’t going to have future elections. And I used to be by no means one in all these individuals who stated you are not going to have 2026 or 2028. In a single or two years, Donald Trump goes to be a lame duck.
However I do assume that we’d like to ensure we rise up for individuals’s rights on this nation and are trying ahead and what we will do to win again the Home and the White Home.
MARGARET BRENNAN: Once we take a look at CBS polling, while you examine Harris in 2024 to Biden in 2020, you see clearly that the Democratic coalition misplaced assist amongst Latino voters, younger voters, ladies. Republicans actually made good points right here with males of colour as properly. Why do you assume there may be this fracturing?
REPRESENTATIVE RO KHANNA: We didn’t have a compelling sufficient financial imaginative and prescient. The Democratic Social gathering ought to have one easy mission, and that’s to deal with the financial hardships and struggles of many People, not simply working class People, a big slice of People who really feel the American dream has slipped away for his or her households and their youngsters. And you’ve got new voices, Congress individuals like Pat Ryan, Mary – Marie Gluesenkamp Perez, Chris Deluzio, who’re saying, look, we have to have a imaginative and prescient on constructing new factories, on serving to increase minimal wage, on coping with baby care, and emphasize that our get together has a greater financial story. I feel that may unify our get together, moderates and progressives, and it transcends race and can assist us with Latino voters, black voters, white working class voters. And we had a greater imaginative and prescient than Donald Trump on that.
MARGARET BRENNAN: , it is attention-grabbing, on this Monday morning quarterbacking that is taking place, to listen to from so many Democrats now who’re saying that they assume that financial message ought to have been entrance and middle, however that they felt constrained one way or the other by this give attention to id politics. Tom Suozzi of New York introduced that up, speaking about Republicans having the ability to weaponize anarchy on school campuses, defunding the police, and gender questions and ladies sports activities. Do you assume this, you already know, motion, woke politics, actually was extremely damaging to the left? As a result of a big a part of that got here from the progressive wing in – on which you’re a member.
REPRESENTATIVE RO KHANNA: Effectively, I’ve all the time stated that we must be emphasizing the financial points. However I do not assume we must always run away for standing up for trans rights, for standing up for equal rights for individuals, for instructing American historical past responsibly. You will be true to your values with two issues, Margaret. One, if somebody disagrees with you, we have to respect that disagreement, not cancel or disgrace them. Do not shrink back out of your convictions, however have an inexpensive dialog. I did that with Megyn Kelly on a podcast on trans rights. I caught to my place, however we had an inexpensive dialog.
The second factor is, if we emphasize the financial hardships persons are dealing with. I’ve bought $12 trillion in my district in Silicon Valley whereas cities like Johnstown (ph) have been hollowed out. Galesburg, Illinois, have been hollowed out. We will construct new factories. We will construct new trade. We will create new financial alternative. We’ve a imaginative and prescient of how to try this. Joe Biden – President Biden began it. I feel we will win over individuals, even when they might not agree with us, on a specific social concern.
MARGARET BRENNAN: Let me ask you particularly about your district, because you simply talked about it. Silicon Valley was regarded as reliably blue, however notably on this election you noticed cash going in direction of Donald Trump. You have seen some very outstanding tech names, Elon Musk considerably. And J.D. Vance, the vice presidential candidate, he actually reached out into that tech group as a part of that marketing campaign.
What’s the factor that Silicon Valley thinks it should get from a Trump administration? Is it – is it no taxes on capital good points? Is it not regulating crypto? What’s it that the individuals in your district assume they’re getting from Donald Trump?
REPRESENTATIVE RO KHANNA: Effectively, to start with, Margaret, 70 p.c of Silicon Valley nonetheless supported Vice President Harris and Democrats.
MARGARET BRENNAN: Sure.
REPRESENTATIVE RO KHANNA: However you are proper that we had slippage, and possibly now 20 p.c, 30 p.c assist Donald Trump. They’ve totally different causes for doing it. A few of them need extra free speech. A few of them need deregulation. A few of them need tax cuts. A few of them need AI to not be regulated. A few of them have been involved on crypto.
However I feel what the Democrats have to remind people of, and I reminded Elon of this, is that Tesla bought funding from President Obama. SpaceX bought began as a result of Ash Carter, below President Obama, helped Elon get that facility. The Democrats are the get together that has invested within the science and expertise to assist construct Silicon Valley. And we will be the get together that helps AI and robotics construct new factories, construct new trade in several elements of the nation.
Once we argue coverage, now we have a greater imaginative and prescient for tips on how to get People and prosperity in a contemporary financial system. And if we give attention to that, I consider we are going to win again the bulk and win again in 2028.
MARGARET BRENNAN: Former Speaker Pelosi advised “The New York Instances” there have been messaging errors, sure, however she additionally stated, there ought to have been an open main system right here, and that President Biden’s determination to endorse Vice President Harris instantly made it not possible.
Do you agree together with her?
REPRESENTATIVE RO KHANNA: Effectively, look, I’ve a number of respect for Speaker Pelosi, however I’ve kind of chuckled with individuals have stated this about President Biden as a result of the day he bought out we had Democrats with essentially the most excessive superlatives, evaluating him to George Washington, saying he did essentially the most honorable factor. So now to return and criticize him appears a bit contradictory.
I feel this was a winnable marketing campaign, even when he bought out. Vice President Harris was 5 factors up in a few of the polls. Anybody who’s saying now this was not a winnable marketing campaign did not say that again in August. The explanation we did not win finally is we did not hear sufficient to individuals on the bottom. Folks like Chris Deluzio, Pat Wright (ph), who have been saying, discuss concerning the financial system. Discuss individuals’s financial struggles. Have – persuade individuals you’ve got the higher insurance policies and higher imaginative and prescient.
The explanation I am eager for the longer term is, now we have the substance. We really – you’ll be able to’t construct new factories simply with tariffs and tax cuts. You want federal financing. We’ve precise funding in apprenticeships. And I feel over the long term, the American individuals will see the reality of the coverage concepts.
MARGARET BRENNAN: You have been a surrogate for Joe Biden. You have been then a surrogate for Kamala Harris. And on this program you defended each many occasions. One place you probably did create area was on the difficulty of Gaza. You stated while you have been going to varsity campuses, while you have been speaking to progressives, while you have been speaking to voters of colour, not simply Arabs and Muslims, you heard there was an issue right here.
Do you assume that the numbers you noticed, notably in Michigan, vindicated your standpoint, or was there only a better pressure at work?
REPRESENTATIVE RO KHANNA: I feel she would have actually received Michigan if there was extra of a reckoning with the failures of coverage on Gaza. And that wasn’t my standpoint. That was the standpoint of lots of people I used to be listening to on the bottom.
I additionally assume, past Michigan, this actually was a priority for lots of younger individuals and a number of progressives.
Now, my hope is, as a result of President Trump bought a few of the votes from the Muslim and Arab group, I used to be simply on a bipartisan CODEL in Saudi Arabia, they’ve stated that if the president needs a take care of Saudi Arabia that the Palestinian state and a two-state resolution needs to be entrance and middle, and I hope we will work in direction of really doing that after the conflict.
MARGARET BRENNAN: Ro Khanna. Congressman, thanks very a lot in your time at this time.
We’ll be proper again.
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MARGARET BRENNAN: We flip now to the financial system and Minneapolis Federal Reserve President Neel Kashkari. He joins us now.
Neel, good morning to you.
NEEL KASHKARI (Minneapolis Federal Reserve President): Good morning, Margaret.
MARGARET BRENNAN: So, proper after the election, one other huge occasion was the Federal Reserve shifting on rates of interest, slicing them for the second time up to now this 12 months. That appeared to point that you simply consider inflation is being defeated right here.
Are you able to inform us your evaluation of how steady the financial system is and the way assured you’re that we’re on a glide path that can keep away from recession?
NEEL KASHKARI: Effectively, we have made a number of progress in bringing inflation down, and the financial system has remained remarkably robust. We preserve getting revisions to GDP which are – present that the financial system is rising even quicker than we had appreciated, and the unemployment fee is 4.1 p.c. So, proper now, the financial system is in a very good place. Inflation continues to be working round 2.5 p.c or so. So, we’re not all the way in which dwelling. We have to end the job. However up to now so good. I imply I do not need to declare victory but. We have to end the job. However we’re on a very good path proper now.
MARGARET BRENNAN: End the job. Are – you are – it sounds such as you’re anticipating one other fee lower?
NEEL KASHKARI: Effectively, we need to believe that inflation goes to go all the way in which again all the way down to our 2 p.c goal. So, in case you take a look at the – what we name the abstract of financial projections, that are the forecast that my colleagues and I put out, the expectation is that we might do one other rate of interest lower in December. We have to really see what the info appears like earlier than reaching any conclusions. And that is six weeks from now. However I feel one other fee lower is actually attainable.
However finally, if the financial system continues to carry out properly, a robust financial system, a robust labor market, that is going to – that is the end result that we’re all making an attempt to realize. And I do not assume that that is a partisan view. I feel everyone’s on board with making an attempt to realize that.
MARGARET BRENNAN: The Fed is apolitical. However we’re taking a look at guarantees of main adjustments on this new administration. One among them is mass deportations.
While you have been final right here in June, we talked concerning the influence of immigration on inflation. You stated, in some methods it helps decrease it by filling jobs. On the similar time you stated it might contribute to it as a result of it creates extra demand for items.
How lengthy earlier than we might see the financial influence of say a mass deportation plan?
NEEL KASHKARI: Effectively, it is an excellent query, Margaret. I imply I feel – in case you simply assume that persons are working, both working in farms or working in factories, after which these companies now lose workers, that might most likely trigger some disruption for these companies as they fight to answer that. And so the implications for inflation aren’t completely clear to me. I feel finally it should be between the enterprise group and Congress and the manager department to determine what – you already know, how they’d modify to that and the way – how lengthy it could take and the way disruptive it could be.
I haven’t got any perception into that. I am unsure what the inflation implications could be. I feel it is a huge query of how lengthy it could take, what number of new immigrants have been coming in. There’s simply a lot uncertainly about what the precise insurance policies might be, what is going to get handed by the Congress, how will probably be applied. We, on the Fed, will merely wait. We’ve to attend and see what the remainder of the federal government decides to do earlier than we analyze what it means for the financial system going ahead.
MARGARET BRENNAN: And I do know you do not management fiscal coverage, however the president-elect has unveiled a plan that estimates say would add $8 trillion to the deficit. How involved are you about rising deficits?
NEEL KASHKARI: Effectively, in case you look over the long-term, in case you take a look at, for instance, on the Congressional Price range Workplace forecast of money owed and deficits, they develop to the moon. They develop unsustainably. So, sooner or later, these should be addressed. And that’s purely the area of the Congress and the manager department to barter how to try this. Sooner or later they should be addressed. And so our focus is, no matter Congress and the administration resolve to do, now we have our targets. Our targets are 2 p.c inflation and a robust labor market, most employment, and we are going to modify our financial insurance policies to attempt to obtain that.
However, you are proper, over the long term, it is clear that the deficit must be addressed. However that can be, as I stated, the area of Congress and the manager department to type out.
MARGARET BRENNAN: Goldman Sachs analysts have been out this week with a report saying that the final time we noticed Trump tariffs, it – the price was handed alongside to shoppers. They estimate each 5 p.c improve within the tariff fee would scale back company earnings per share by 1 to 2 p.c as a result of it could pull again shopper spending, probably set off retaliatory tariffs and elevated uncertainty. How a lot of a draw back threat is there if we get into this enterprise of tariffs?
NEEL KASHKARI: Effectively, from an inflation perspective, it is fairly straightforward to mannequin a one-time tariff. So, if anyone imposed a 1 p.c tariff or a ten p.c tariff, you’ll assume that that might improve costs of these items both 1 p.c or 10 p.c. That is fairly straightforward to mannequin and it should not have an impact long-run on inflation.
The problem turns into if there is a tit for tat and it is one nation imposing tariffs after which responses and it is escalating.
MARGARET BRENNAN: Proper.
NEEL KASHKARI: That is the place it turns into extra regarding, and, frankly, much more unsure.
So I feel, once more, with – as is with fiscal coverage, we’ll have to attend and see what really will get applied after which how different international locations would possibly reply to that. It is simply – proper now we’re simply all guessing what is going to really occur.
MARGARET BRENNAN: However it’s protected to say that the brand new president will take workplace with what seems to be the financial system trending upwards?
NEEL KASHKARI: The financial system is powerful. , after I attain out to enterprise and labor unions throughout my area it is one in all cautious optimism, that the financial system is doing properly, there are jobs accessible. And we need to preserve the financial system doing properly. We need to preserve that development going whereas we get inflation all the way in which again all the way down to 2 p.c. And so, proper now, I might say, now we have a robust financial system, and that is a extremely good factor. And our goal is to maintain it there.
MARGARET BRENNAN: Chair Powell was requested this week at a press convention if he would resign if requested. He made clear he doesn’t assume that the regulation would require that. And, actually, it could violate the regulation.
However there’s a broader dialog proper now about political affect on the Fed. Are you involved about it?
NEEL KASHKARI: I am not. My colleagues and I on the Federal Reserve are completely dedicated to the twin mandate targets of two p.c inflation and most employment that Congress has assigned us. That is what’s driving the choices that we have been making. And that can proceed to take action.
And there are additionally structural components which are designed by Congress to supply continuity. So, the governors on the board of governors in Washington serve as much as 14-year phrases. The presidents of the reserve banks are unbiased. These are constructions that Congress put in place to supply continuity. Between that and, I feel, bipartisan assist, that all of us need to get inflation again all the way down to 2 p.c and we need to preserve the financial system robust, I am assured that we’ll proceed to give attention to our financial jobs, and that is what must be dictating what we’re doing, and that’s what’s dictating what we’re doing.
MARGARET BRENNAN: Neel Kashkari, thanks in your time at this time.
We’ll be again in a second.
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MARGARET BRENNAN: We’re now joined by Dame Karen Pierce, the U.Okay.’s ambassador to the US.
Welcome again to FACE THE NATION.
DAME KAREN PIERCE (British Ambassador to the US): Thanks very a lot, Margaret. Good to be right here.
MARGARET BRENNAN: So, Ambassador, after this election there was a number of chatter in Europe about Europe needing to behave alone, or a minimum of with out as a lot of an American assist mechanism there. The French president stated, “Europe must take again management.” Italy’s prime minister stated, “do not ask what the U.S. can do for you, ask what Europe ought to do for itself.”
What do you assume Trump’s return will imply for Europe?
DAME KAREN PIERCE: I feel in all my expertise, Margaret, when America and Europe work collectively, that is while you get success. That is while you get coherence in coverage. We noticed that within the Balkans. We have seen it at each battle for the reason that Nineties. It is nice that Europe needs to do extra. We need to be part of that. We have got a number of burden sharing happening in Europe on Ukraine. I feel maybe it isn’t properly understood in America, if I could say so, fairly how a lot Europe is doing for Ukraine, and we need to speak about that with the incoming administration, in addition to work with the Biden staff to assist Ukraine even additional.
MARGARET BRENNAN: The UK, in fact, has offered an amazing quantity of weaponry and assist to Ukraine.
DAME KAREN PIERCE: That is precisely proper. I feel we’re over $16 billion all in. We offered the primary tanks. We offered the primary anti-tank weapons. We’ve skilled Ukrainian pilots. We’ll go on supporting Ukraine for so long as they want us.
MARGARET BRENNAN: Will you do this if the US cuts off monetary and army support to Ukraine?
DAME KAREN PIERCE: Effectively, we clearly hope that does not occur and we’ll be desirous to have a number of conversations with the outgoing and incoming administrations on simply how finest to assist Ukraine. I feel all of us need the identical factor. We would like a steady, safe, peaceable Euro-Atlantic space. And if Putin is allowed to achieve Ukraine, that threatens all of us, together with the U.S., and it actually emboldens China. And I do not assume anybody within the U.S. needs to see that.
MARGARET BRENNAN: So, on Friday, Hungary’s prime minister, Viktor Orban, who’s a problematic NATO ally, he is buddies with Vladamir Putin and Donald Trump, he stated, “the state of affairs on the entrance is apparent. There’s been a army defeat. The People are going to tug out of this conflict.” He is speaking about Ukraine.
Do you assume Mr. Trump is persuadable on this concern?
DAME KAREN PIERCE: Effectively, I do not assume it is for any single European chief to say what President Trump would possibly do. I feel we have to hear from President Trump after inauguration on what the brand new administration plans are. However actually, I do know they share our objective of desirous to have safety and stability, and we’ll be speaking to them and the outgoing Biden administration to see how finest we will assist Ukraine.
MARGARET BRENNAN: Mr. Orban does communicate with Donald Trump, however you do not get the sense that he’s reflecting what’s subsequent?
DAME KAREN PIERCE: We communicate to Donald Trump. The prime minister spoke to him very just lately on the Wednesday after, the day after the election.
In my expertise, President Trump is his personal particular person. He’ll take heed to a number of recommendation, a few of it solicited, a few of it unsolicited, and he’ll weigh the professionals and cons and he’ll come to his personal determination. However I’ve all the time discovered him and his staff very keen to take heed to our standpoint.
MARGARET BRENNAN: So, on the commerce entrance, there’s additionally concern in Europe, as I perceive it, about what could also be coming with tariffs. The Trump marketing campaign has proposed a ten p.c throughout the board tariff on Europe. Goldman Sachs initiatives will probably be maybe somewhat bit extra restricted and centered on auto exports. Do you’ve got a way that the U.Okay. might be able to keep away from this type of monetary penalty, basically?
DAME KAREN PIERCE: We’d very a lot hope so, because the U.Okay. , we have free commerce in our DNA, because it have been. We do not consider in tariffs as an instrument of commerce. We’ve a barely totally different strategy for a lot of American commerce specialists on that. And I feel the very last thing the world wants in the meanwhile is a tariff conflict. That does not assist anyone. Commerce and investments is a vastly vital a part of what we do with America. One thing like a trillion {dollars} goes backwards and forwards throughout the Atlantic in commerce and funding every year. Let’s not put that in danger. Let’s attempt to learn the way we will work collectively to extend funding in commerce. And there is additionally the actually vital concern of financial safety that is now come onto the agenda. And we’ll be wanting to speak to the incoming administration about that additionally.
MARGARET BRENNAN: So, you served right here in Washington throughout the first Trump administration. many of those gamers. The present U.Okay. authorities is a distinct one, in fact, from that time period, with the Labour Social gathering in cost. I’ve to ask you about that direct relationship, as a result of the highest diplomat, Overseas Secretary David Lammy, years in the past, and you already know this quote, wrote, “Trump just isn’t solely a woman-hating, neo-Nazi sympathizing sociopath, he is a profound menace to the worldwide order.”
Are you involved that these previous statements, and the ideological variations, might be an issue in what has been a particular relationship?
DAME KAREN PIERCE: I do not assume the previous statements might be an issue, to be completely sincere, Margaret. Politicians say a number of issues on each side. And even in America, some people who find themselves now within the Trump administration, or might be within the Trump administration, just like the vice president-elect, have additionally stated important issues about President Trump.
In my expertise, politicians form of take in these kinds of feedback as a part of the wear and tear and tear of political life. What’s vital is the connection now. David Lammy, the international secretary, the prime minister, Keir Starmer, had a really heat dinner with President Trump in September. He very graciously invited them to his personal dwelling in Trump Tower. We mentioned an enormous vary of points.
You are proper that they arrive from totally different political philosophies. I will not name them ideological. I do not assume Keir Starmer is ideological. And I do not assume President Trump is. It is about discovering out how we will work collectively. What they do have in frequent is that this need to get the economies shifting, to get development for the odd citizen, to ensure issues are higher for the odd citizen. And we had an excellent dialog about that with President Trump in September.
MARGARET BRENNAN: That is it. Thanks for watching. Comfortable birthday, Marines!
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