Schumer, U.S., Mcconnell discussed on POLITICO Playbook Audio Briefing


Presented by meta. Good morning, playbook. It's Friday. Today's show, the U.S. ICA reconciliation dance continues in the Senate. It's your political playbook daily briefing. Before we get into what's happening in Washington today, some sad news out of Japan. Former Japanese prime minister Shinzo Abe was fatally shot during a campaign speech on Friday from The Associated Press, quote Abe was shot from behind minutes after he started his speech Friday in Yara in western Japan. He was airlifted to a hospital for emergency treatment, but was not breathing, and his heart had stopped. He was pronounced dead later at the hospital, the 67 year old Abe was Japan's longest serving leader before stepping down for health reasons in 2020. From NHK quote, sources with the investigation tell NHK a gun seized at the scene appeared to be handmade, Chuck Schumer made a couple of new moves in his effort to advance two pieces of legislation tangled in political knots. Recall that Senate minority leader Mitch McConnell recently tweeted, quote, there will be no bipartisan U.S. ICA, as long as Democrats are pursuing a partisan reconciliation bill. U.S. ICA, the United States innovation and competition act is the industrial policy legislation that would shower the semiconductor industry with $52 billion of incentives to ramp up chip making in America. China hawks like the bill because it makes the U.S. less reliant on Chinese imports. The Biden administration hails it as a policy that will strengthen the supply chain, boost domestic manufacturing and quote help us out compete China. The new reconciliation bill being negotiated by Schumer and senator Joe Manchin, who you might recall, tanked the lost reconciliation bill back in December, has been inching along. Politico's Burgess Everett and Marianne Levine report, quote, roughly speaking, Manchin and Schumer are working toward legislation that provides $1 trillion in new revenues, half of which would go towards deficit reduction and half of which would go toward energy and health spending. Such a deal is hypothetical at the moment, the tax and energy pieces remain in major flux. This week, the portion of the bill dealing with prescription drug pricing was submitted to the parliamentarian for review, though the two parties haven't yet made their presentations before her. The Democrats had to choose between the U.S. ICA and a reconciliation bill, most of them would rather have the reconciliation bill, so it's unclear how much McConnell's threat matters, but Schumer is doing two new things to put pressure on the minority leader and his GOP colleagues. One, he's amping up the national security case for U.S. ICA. According to a spokesman, Schumer has, quote, requested an all senators classified briefing from the administration on the global innovation and technology race and U.S. ICA. The briefing is scheduled for next Wednesday. And two, he's highlighting a new popular piece of reconciliation. Schumer has crafted a proposal for the reconciliation package that would extend the solvency of Medicare through 2031 by taxing very high earners. Schumer is ready to submit the Medicare proposal to the parliamentarian, likely on Monday. Next week, we'll be busy on both fronts, and these two shimmer moves are aimed at McConnell's threat linking the two bills for what it's worth. We remember back when McConnell thought linkage was bad because it would quote hold a bipartisan bill hostage over a separate and partisan process. One Senate Democrat argued to play the last night, quote McConnell is in a tough spot, blocking tough on China Bill because he doesn't want to extend Medicare and lower prescription drug prices. Then again, this could be wishful thinking. One thing McConnell has learned over the years is that when you're in the minority, there's little price to pay for obstruction. Back on Wednesday night, D.C. protesters targeting the conservative Supreme Court Justices who signed onto the Dobbs decision of returning the constitutional right to abortion got a tip that justice Brett Kavanaugh was dining and Morton's downtown D.C. location. Protesters soon showed up out front called the manager to tell him to kick Kavanaugh out and later tweeted that the justice was forced to exit through the rear of the restaurant. But because Daniel lipman looked into the incident for us and confirmed that account, while the court has no official comment on Kavanaugh's behalf, and the person familiar with the situation said, he did not hear or receive a protesters. Morton's was outraged about the incident, a representative for the James steakhouse, sent lipman the statement, quote, honorable Supreme Court Justice, Kavanaugh, and all of our other patrons at the restaurant were unduly harassed by an oily protesters while eating dinner at our Morton's restaurant. Politics, regardless of your cider views, should not trample the freedom at play of the right to congregate and eat dinner. There was a time and a place for everything. Disturbing the dinner of all of our customers was an act of selfishness and void of decency. Here's what's up in Washington today starting with The White House at 1130 a.m. eastern. Biden will deliver remarks on protecting access to reproductive healthcare services with vice president Kamala Harris in HHS secretary Javier becerra, also in attendance. Seung min Kim and Zeke Miller from The Associated Press scoop the details late Thursday night, quote the actions he was expected to outline are intended to try to mitigate some potential penalties women seeking abortion may face after the ruling, but are limited in their ability to safeguard access to abortion nationwide. Biden is expected to formalize instructions to the departments of justice and Health and Human Services to push back on efforts to limit the ability of women to access federally approved abortion medication or to travel across state lines to access clinical abortion services. At one 55, Biden will depart The White House to head to CIA headquarters in Langley, Virginia, where he'll deliver remarks at three 40 p.m.. Afterward, he'll return to The White House and head to Rehoboth beach Delaware. Here's what's on the fight's president's calendar today at 4 p.m. eastern, vice president Kamala Harris will convene state legislative leaders from Indiana, Florida, South Dakota, Nebraska, and Montana to discuss reproductive rights. Prosthetic, queen Jean Pierre will prove a noon. The Senate and the House are out today. One more thing to watch on the calendar today, the June jobs report will be released at 8 30 a.m., along with next Wednesday's June CPI report, this morning's data will help inform the fed when it meets on July 26th and 27th to decide how much more to hike interest rates. The fed is debating between a .5 or .75 percentage .8, a good report today. Let's say above 250,000 jobs created in June means the larger interest rate is more likely as the fed tries to cool down the economy. All right, for more news, what's happening in D.C. right now, subscribe to the playbook newsletter. That said Politico dot com slash playbook. Our music is composed by the mysterious breakmaster cylinder. Playbook's editor is Mike zapla, Zack Stanton is playbook's deputy editor. The executive producer and head of audio here at Politico is Jenny Ahmed. I'm raghunath wallen, have a good weekend. We'll see you first thing. Monday morning. One day in the metaverse, doctors will practice high risk surgeries as many times as needed before operating on real patients. Education will be more immersive, allowing art students in Ohio to visit museums across the world without a plane ticket and giving science students in Florida, the opportunity to sail through Saturn's rings, the metaverse will also transform workplace training, imagine a world where engineers can disassemble and reassemble engines thousands of times without wasting materials where aspiring city planners can build hundreds of cities before a single real building as ever constructed the metaverse may be virtual, but the impact will be real. Learn more about what meta is building for the metaverse at meta dot com slash metaverse impact.

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