Episode summary
House Leaders Race to Pass Funding Deal
Bloomberg Surveillance
· · 6 min · Guests: Henrietta Treyz
Summary
House leaders are trying to assemble enough votes to reopen the government, but Henrietta Treyz says the deal is still moving through the Rules Committee and could see floor action only later in the day. She argues the real obstacle is not just the mechanics of the funding bill, but the politics around immigration and ICE, with House Democrats needing to be “socialized” into backing a package negotiated by Leader Schumer and President Trump. Treyz expects some bipartisan support, but also a lot of internal pressure from both parties as Speaker Johnson tries to line up the votes.
Key takeaways
- Treyz says the House is on a path toward reopening the government, but “you should expect some drama on and off today.”
- She says the main sticking point is political blowback over ICE, not just the technical details of the spending measure.
- Treyz expects President Trump to apply “serious arm twisting” to 30 to 40 Republican members to support the package.
- She says the Texas special-election swing suggests a wave environment and could complicate both parties’ midterm calculations.
- Treyz says Congress is preparing more oversight on Iran, including a possible War Powers Resolution, because lawmakers do not want another regional war in the Middle East.
Notable quotes
“Maybe movement on the House floor around 6 p.m. at the earliest”
“I think we are on a path towards reopening, but you should expect some drama on and off today”
“President Trump is going to do some serious arm twisting on, I would say, at least 30, 40 members of the Republican Party to get them on board with this package”
“There is galvanization and enthusiasm and it's coast to coast”
How the episode opens
Yeah, that might be what it is. A partial, partial reopening. We are looking at votes tonight in the Rules Committee around 4:00.
Maybe movement on the House floor around 6 p.m. at the earliest. But Speaker Johnson is setting the table for Tuesday votes.
So it's going to be a little while yet. I think we are on a path towards reopening, but you should expect some drama on and off today. So what's the sticking point here, Henrietta?
Is it still about immigration, ice and how, you know, the White House is dealing with all of it? Yeah, definitely. And I think more than just the technicals and the policy, we'll fight that fight for the next two weeks over masks and IDs and videotapes and stuff for all the ICE officers.
But right now, it's really about the House Democratic Conference getting socialized. The idea that they're going to need to provide quite a lot of votes to this and Speaker Johnson accepting that. So Leader Schumer and President Trump were able to negotiate a deal that would work on the upper chamber.
But now, you know, the House has to weigh in. What I look at from the inside is where members who are not Hakeem Jeffries are. We're not on the far left.
You have guys that are stalwarts in DC like Steady Hoyer and Jim Clyburn saying that they want to support the bill and they're encouraging their moderate members to do so. I suspect you'll see, much like in the Senate side, a good chunk of bipartisanship to get this over the finish line later on this week. And I believe the polling suggests that most Americans do not approve of the tactics ICE is employing here.
How does that translate into, you know, what some of these Republican members of Congress do in terms of maybe this vote and maybe pushing back on some of the other president's agenda items?
From the episode’s captions: roughly the first two minutes, lightly cleaned. Keep watching on YouTube →
Topics
- government shutdown
- house appropriations
- dhs funding
- immigration voting legislation
- trump election fundraising
Companies and tickers mentioned
- Veda Partners
- Energy Transfer LP
- OpenAI
- Foris DAX Inc.
Watch the episode
Watch “House Leaders Race to Pass Funding Deal” on YouTube
Summary, takeaways and quote selection by Octagon. Quotes are short excerpts; the full conversation is in the episode.
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