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[00:00:04] Welcome to Washington Today on CPAN [00:00:05] Radio for Tuesday, February 17, 2026. [00:00:08] Here's what's ahead. A man with a [00:00:10] shotgun arrested as he runs towards the [00:00:12] US Capital building in Washington DC. [00:00:14] Will hear from the US Capital Police [00:00:15] Chief. Tributes to the late Reverend [00:00:18] Jesse Jackson, civil rights movement [00:00:20] pioneer and presidential candidate who [00:00:23] has died at the age of 84. We'll hear [00:00:25] from his son, Jesse Jackson Jr., and a [00:00:28] protege, Reverend Al Sharpton, and talk [00:00:30] with Washington Post chief political [00:00:32] correspondent Karen Tumulty, who [00:00:33] reported on Jesse Jackson's 1988 [00:00:36] presidential run. Homeland Security [00:00:38] Department shutdown is on day four with [00:00:41] no signs it will come to an end soon. [00:00:43] The White House and congressional [00:00:45] Democrats continue to trade offers on [00:00:47] immigration enforcement reforms, but [00:00:48] have not reached an agreement. Latest [00:00:51] round of US Iran talks over Iran's [00:00:53] nuclear program conclude in Geneva. Both [00:00:55] sides speak of progress and agreeing to [00:00:58] guiding principles for an eventual deal. [00:01:01] The Commodities Futures Trading [00:01:03] Commission says the agency will fight [00:01:05] state regulation of prediction markets. [00:01:08] We'll hear from the CFTC chair and talk [00:01:11] about the stakes with Axio's business [00:01:13] reporter Nathan Bowie. Plus, former [00:01:16] Secretary of State Hillary Clinton [00:01:17] accuses the Trump administration of a [00:01:18] cover up when it comes to the files of [00:01:20] the late sex offender Jeffrey Epstein. [00:01:22] and politicians celebrate Marty GR and [00:01:24] the Lunar New Year. And we begin with [00:01:28] the 18-year-old carrying a loaded [00:01:30] shotgun running to the US Capitol [00:01:32] building, arrested by the Capitol [00:01:34] Police. Police Chief Michael Sullivan [00:01:36] held a news conference [00:01:38] >> today. Just afternoon, uh we had a white [00:01:41] Mercedes SUV park in the 100 block of [00:01:44] Maryland Avenue. Uh and then we had a [00:01:48] person exit that vehicle with a shotgun [00:01:52] and begin running towards the capital. [00:01:55] Uh this individual was challenged by [00:01:58] United States Capital Police officers [00:02:01] and ordered to drop the weapon which he [00:02:03] did comply with. He laid down the weapon [00:02:06] uh and then laid down on the ground and [00:02:09] was taken into custody by our United [00:02:11] States Capital Police officers. Uh I [00:02:14] want to commend the officers for the uh [00:02:16] brave service that they provided here [00:02:18] today. Uh who knows what could have [00:02:20] happened if we wouldn't had uh officers [00:02:22] here standing guard like they do every [00:02:24] single day. Uh I think it's important to [00:02:27] note that just a few months ago we had [00:02:29] an active shooter shooter exercise right [00:02:32] here on the west front virtually in the [00:02:34] same spot and we do those active shooter [00:02:37] exercises every single month and that's [00:02:39] why we do it. Uh I think it's also [00:02:43] important to note that this individual w [00:02:45] had a tactical vest on. Uh he was also [00:02:48] had tactical gloves and when we looked [00:02:50] in the vehicle uh he had a kevlar helmet [00:02:53] and a gas mask in the vehicle. He was [00:02:56] also uh the like I mentioned earlier the [00:02:59] the shotgun was loaded. He had [00:03:02] additional rounds on his person. [00:03:04] >> US Capital Police Chief Michael Sullivan [00:03:06] holding a news conference outside the US [00:03:08] Capital building. Associated Press [00:03:09] writing about this incident. Sullivan [00:03:11] said the motive was under investigation, [00:03:13] including whether members of Congress [00:03:14] were the target. Congress is not in [00:03:17] session. Sullivan said the department [00:03:18] has video footage, but he asked the [00:03:20] public for any footage they might have [00:03:23] of the incident. And Sullivan said the [00:03:25] young man was not known to authorities [00:03:27] and described him as not being from the [00:03:30] area. That was from AP. [00:03:32] USA Today writing, "The Reverend Jesse [00:03:35] Jackson, a towering civil rights icon [00:03:37] who battled alongside Martin Luther King [00:03:39] Jr., negotiated global hostage releases [00:03:41] and shame corporations for their lack of [00:03:44] corporate diversity and failure to [00:03:46] support voting rights has died." Jackson [00:03:48] was a presidential medal of freedom [00:03:49] recipient, a Democratic presidential [00:03:51] candidate, and one of the world's best [00:03:53] known black activists. He was 84 and had [00:03:55] suffered from progressive super nuclear [00:03:58] palsy, a rare disease that causes a [00:04:00] decline similar to Parkinson's disease, [00:04:02] but accelerated. Reporting from USA [00:04:04] Today, one of Reverend Jesse Jackson's [00:04:07] sons, Jesse Jackson Jr., a former member [00:04:11] of Congress, Democrat from Illinois, [00:04:13] spoke to CNN by phone. [00:04:15] I stayed on the couch last night next to [00:04:17] my father uh in his in his bedroom. And [00:04:20] about 12:35 this morning, I heard him [00:04:24] take a deep sigh even as he was [00:04:26] connected to oxygen. My father expired [00:04:29] this morning officially at 1:52 when the [00:04:32] nurse came and declared him deceased. [00:04:34] The dad let the ghost go at about 12:35 [00:04:38] this morning, between 12:35 and 12:37 [00:04:42] Central Standard Time. And it was a [00:04:45] powerful moment for me to recognize that [00:04:48] for 84 years this man had breath. He had [00:04:53] life. He had spirit energy. And even [00:04:56] today when the president of the United [00:04:58] States referred to him as a force of [00:05:00] energy in nature, make no mistake about [00:05:02] it. Jesse Jackson was unique in American [00:05:06] history. And I hope that his legacy [00:05:08] lives on. a new generation of Americans [00:05:11] who might draw from that energy, [00:05:13] understand our Constitution, engage our [00:05:16] system, and commit themselves and their [00:05:18] lives to making a difference. Jesse [00:05:21] Jackson Jr. in a phone interview with [00:05:23] CNN. President Donald Trump writing on [00:05:25] Truth Social about the passing of [00:05:28] Reverend Jesse Jackson. I knew him well [00:05:30] long before becoming president. He was a [00:05:32] good man with lots of personality, grit, [00:05:34] and street smarts. He was very [00:05:36] gregarious, someone who truly loved [00:05:38] people. Despite the fact that I am [00:05:40] falsely and consistently called a racist [00:05:42] by the scoundrels and lunatics on the [00:05:44] radical left, Democrats all, it was [00:05:47] always my pleasure to help Jesse along [00:05:49] the way. President Trump then gives some [00:05:51] examples in both the private sector, [00:05:53] giving office space to Jesse Jackson's [00:05:55] Rainbow Coalition and in the public [00:05:57] sphere, criminal justice reform and [00:05:59] funding historically black colleges and [00:06:01] universities. President Trump also has [00:06:03] this line in his post. He had much to do [00:06:06] with the election without [00:06:07] acknowledgement or credit of Barack [00:06:09] Hussein Obama, a man who Jesse could not [00:06:12] stand. Former President Barack Obama [00:06:14] writing on X, Michelle and I were deeply [00:06:16] saddened to hear about the passing of a [00:06:19] true giant, the Reverend Jesse Jackson. [00:06:20] We will always be grateful for Jesse's [00:06:22] lifetime of service and the friendship [00:06:24] our family share. We stood on his [00:06:26] shoulders. We send our deepest [00:06:28] condolences to the Jackson family and [00:06:30] everyone in Chicago and beyond who knew [00:06:32] and loved him. That statement from [00:06:35] former President Barack Obama. The [00:06:37] Reverend Al Sharpton, the founder of the [00:06:39] National Action Network, spoke at a news [00:06:42] conference in New York City about Jesse [00:06:43] Jackson's lasting impact on American [00:06:46] politics. [00:06:47] >> Jesse Jackson changed American politics. [00:06:51] Jesse Jackson changed the civil rights [00:06:54] movement. He was a consequential and [00:06:58] transformative figure and he changed New [00:07:01] York politics. Let me go in that order. [00:07:04] One, it was when Dr. King died was [00:07:09] killed in 68. He was talking to Jesse [00:07:12] Jackson and Ben Branch over the rail at [00:07:15] the Lraine Motel in Memphis. And [00:07:17] Reverend Jackson was literally one of [00:07:21] the two last people to speak to him. I [00:07:24] always wondered how much trauma that [00:07:27] must have been for him to witness [00:07:30] Reverend Jack, Reverend King's [00:07:33] assassination. [00:07:34] He never would talk about it too much, [00:07:37] but it drove him. He kept saying, "We [00:07:40] got to keep Dr. King's dream alive." He [00:07:43] was 12 years younger than King as I was [00:07:46] 13 years younger than him. and he would [00:07:48] always challenge me that your [00:07:49] generations got to do what John Lewis [00:07:51] and and all of us that were younger than [00:07:54] Dr. King did. He kept the movement going [00:07:58] by keeping the economic boycott of [00:08:01] Operation Bread Basket going, by dealing [00:08:04] with diversity, by fighting for [00:08:06] affirmative action. You must remember [00:08:08] when the late 70s and 80s when Reaganism [00:08:12] rose and there was this backlash on [00:08:15] civil rights, Jesse Jackson took the [00:08:18] front with John Lewis and others to [00:08:20] restore what Dr. King had done. We [00:08:22] romanticized the 60s like they were [00:08:25] never challenged. They were challenged. [00:08:27] We had to renew the Voting Rights Act [00:08:30] every five years. We had to deal with [00:08:32] state laws. And it was Reverend Jackson [00:08:35] that did that into our era of having to [00:08:38] deal with racial profiling and driving [00:08:40] while black and all. We learned all that [00:08:43] from him. It was in 1984 [00:08:47] when he ran for president that he [00:08:50] changed the rules that primaries were [00:08:52] governed by where in prejack [00:08:57] if you ran in New York for example and [00:09:00] you've got 104 delegates and your [00:09:03] opponent got 100 delegates. Your [00:09:06] opponent got all 204 delegates. It was [00:09:09] Jesse that made it be no. You get your [00:09:11] 100, they get 104. With him changing it [00:09:14] to proportional [00:09:16] delegate representation is how Barack [00:09:19] Obama was made the nominee. Hillary [00:09:23] Clinton won more big states, but he was [00:09:25] able to accumulate more delegate votes. [00:09:28] So, he literally changed the party in ' [00:09:30] 84. And then in in ' 86, [00:09:33] the midterm elections changed because he [00:09:37] had registered so many new voters that [00:09:39] had not been calculated before that many [00:09:44] of the states turned in the US Senate 86 [00:09:47] became Democratic control and maintained [00:09:51] a lot of the things that we would have [00:09:52] lost under the Reagan era because Jesse [00:09:55] Jackson registered those voters. In 88, [00:09:59] he ran again, got 7 million votes, won [00:10:03] the city of New York. It was his 88 race [00:10:08] where he won the city, lost the state to [00:10:10] the caucus, but he won the city of New [00:10:12] York, which made us believe in ' 89 we [00:10:15] could win. And we did by electing David [00:10:19] Denkins. David Denkins was his [00:10:21] coordinator for New York City in 88 and [00:10:25] became the mayor in ' 89 off Jackson [00:10:27] votes and the belief we could win it [00:10:29] because Jesse Jackson, despite the [00:10:31] controversies around him, won the city [00:10:34] of New York in 88. So, I'm not talking [00:10:36] about somebody that just is some removed [00:10:40] figure in history. He literally changed [00:10:43] American politics, New York politics, [00:10:46] and kept the civil rights movement going [00:10:48] and then raised some of us that have [00:10:50] been in the forefront in the first part [00:10:52] of the 21st century. [00:10:55] >> Reverend Al Sharpton, founder of the [00:10:56] National Action Network at a news [00:10:58] conference today in New York City. He [00:11:00] said he first met Jesse Jackson when he [00:11:02] was 13 years old and remained close [00:11:04] friends and professional allies [00:11:05] throughout the decades. Al Sharpton [00:11:07] reflected on the lessons he learned from [00:11:10] Jesse Jackson starting at a young age. [00:11:13] >> He opened my eyes in two ways. Uh he [00:11:16] opened my eyes that we could make a [00:11:18] difference. We could make change. Uh [00:11:21] that we could not be cynical. Uh so by [00:11:24] him running as never had been an elected [00:11:27] official with most black elected [00:11:30] officials at that time not with him in ' [00:11:32] 84. When he ran and did that I believe [00:11:35] that we could make a difference. we [00:11:36] could change laws and which is why I [00:11:39] went from just being bitter to trying to [00:11:42] be better and and be able to uh uh help [00:11:46] change uh the system by not just [00:11:48] fighting the system but fighting it [00:11:51] inside and outside at the same time. Uh [00:11:54] what he did for me personally, I was [00:11:57] born in in raised in Brooklyn. My father [00:12:00] left when I was 10. Unlike many other [00:12:03] ministers that I looked up to, I didn't [00:12:04] come from a high pedigree and nice [00:12:07] family with my father and grandfather [00:12:09] and great-grandfather preaches. My [00:12:11] father left. Jesse was born out of [00:12:13] wedlock. He taught me his slogan was I [00:12:16] am somebody. It's not how you born, it's [00:12:19] where you go with it. So he made me [00:12:21] believe even a kid on welfare in [00:12:24] Brownsville, Brooklyn could be somebody [00:12:27] because of Jesse Jackson taught me that. [00:12:28] Look what he did. born out of wedlock in [00:12:31] Greenville, South Carolina. If he could [00:12:33] do it, I could do it. It's easy for a [00:12:35] preacher that's got PhD and his daddy [00:12:37] was a big preaching granddaddy. It's [00:12:39] easy for him to do it. Wasn't easy for [00:12:41] Jesse and he taught it taught me it [00:12:44] didn't have to be easy for me, but I can [00:12:45] make it anyway. [00:12:47] >> Reverend Al Sharpton, founder and [00:12:49] president of the National Action Network [00:12:51] at a news conference in New York City. [00:12:53] Karen Tumulty, Washington Post chief [00:12:55] political correspondent, has written an [00:12:56] analysis piece in the Washington Post [00:12:58] about Jesse Jackson's legacy and joins [00:13:01] us now. Thank you for for being with us. [00:13:03] You write about covering his [00:13:05] presidential campaign in 1988 when you [00:13:07] were with the LA Times and how it wasn't [00:13:10] necessarily easy for him. What do you [00:13:12] remember? [00:13:13] Well, um, you know, for for a number of [00:13:17] us young reporters at the time, it was [00:13:20] it was a chance to see a whole lot of [00:13:22] America and and um a lot of different [00:13:26] sides of America. And I was recalling [00:13:29] the day I think that stood out in my [00:13:32] memory more than any other uh was right [00:13:36] before the primary in West Virginia in [00:13:38] May of 1988. [00:13:42] And uh Reverend Jackson had spent the [00:13:44] night at a the home of a white [00:13:48] supporter, an unemployed coal miner. And [00:13:51] there was a hostile crowd outside that [00:13:54] night and the next morning. [00:13:57] And um I recount how, you know, people [00:14:00] were hurling the n-word at him. And you [00:14:04] know it it was really pretty shocking [00:14:07] for for me and for a number of us. But [00:14:12] later that day he was in a unusually [00:14:16] reflective mood. And he said you know he [00:14:21] said yeah that some people are very raw [00:14:24] and very direct but he said other people [00:14:28] are able to use sand to cover up their [00:14:30] mess. and he started talking about how [00:14:35] he believed the, you know, the forces [00:14:38] within the establishment of his own [00:14:41] party, the Democratic party, were [00:14:44] essentially using racist code, he [00:14:47] thought to to stop him. Now, mind you, [00:14:50] Jesse Jackson in 1988 [00:14:53] got he he came in second in the [00:14:56] Democratic primary. He got 7 million [00:14:59] votes, not all of them, from black [00:15:02] areas. He won seven state primaries and [00:15:05] four caucuses. [00:15:07] And you know, he he believed that there [00:15:10] were forces within his own party, within [00:15:13] the structure and establishment of his [00:15:15] own party that were trying to stop him. [00:15:18] >> So, so many years later, as as you're [00:15:20] thinking about this, what is Jesse [00:15:22] Jackson's legacy? [00:15:24] You know, I I think that he for the [00:15:27] first time with his candidacy and again [00:15:30] he he was a very complicated person. He [00:15:34] was a much criticized person. But in [00:15:37] Jesse Jackson's two runs for president, [00:15:40] people could begin to believe that some [00:15:45] things were possible. And today, for [00:15:47] instance, President Obama put out a [00:15:50] statement saying, "All of us stand on [00:15:53] his shoulders." And Jackson's overall [00:15:56] campaign message was a very optimistic, [00:16:00] inclusive one. And um I do think that he [00:16:04] he changed politics forever. [00:16:07] >> How how did he change politics? [00:16:10] Uh, like I said, he he began to [00:16:14] to make people believe that, you know, a [00:16:17] a black candidate could be out there, a [00:16:20] black candidate with the right message [00:16:22] could be out there winning white votes. [00:16:26] And the other thing was he he talked he [00:16:29] went to places uh he went to crackouses, [00:16:33] he went to coal mines, he went to all [00:16:35] kinds of parts of this country where [00:16:39] where presidential candidates didn't [00:16:42] normally go. and he built a coalition [00:16:46] that was incredibly inclusive uh [00:16:50] racially [00:16:51] uh gender politics um poor people, [00:16:57] wealthy people. Um he put together his [00:17:01] rainbow coalition really was a very big [00:17:05] tent. [00:17:06] >> We're talking with Karen Tumulty from [00:17:08] the Washington Post. In context though, [00:17:11] as the most prominent black public [00:17:14] figure between Reverend Martin Luther [00:17:16] King Jr. and former President Barack [00:17:18] Obama, will he be remembered on the same [00:17:21] level as those two? [00:17:23] >> I think he will. No, he he, you know, [00:17:26] probably. I mean, Barack Obama holds a [00:17:29] place in history as, you know, the first [00:17:31] black first and so far only black [00:17:34] president. But I think that these [00:17:38] victories are not sort of just events in [00:17:42] and in and of themselves. I mean they [00:17:45] are built on progress and it is a [00:17:48] reminder that progress is possible. [00:17:51] >> And what about his later years as uh [00:17:54] after he was was done with political for [00:17:57] with running polit political office he [00:17:59] went into the business of being a [00:18:00] hostage negotiator. [00:18:02] He he was he was all over the world. He [00:18:06] was doing that and you know and there [00:18:08] was a lot of criticism as well of the [00:18:11] you know the the finances of the rainbow [00:18:15] push coalition. Um, and you know, I I do [00:18:20] think though it was a it was a special [00:18:22] tragedy that when illness finally caught [00:18:26] up with him, what it did was it silenced [00:18:29] him and by taking away his voice, it [00:18:32] really did take away his his greatest [00:18:35] power. [00:18:36] >> Karen Donaldy, Washington Post chief [00:18:38] political correspondent. You can find [00:18:40] our articles at washingtonost.com. [00:18:42] Thank you very much. [00:18:44] >> Thank you. I really appreciate it. If [00:18:46] you search the name Jesse Jackson at [00:18:48] c-band.org comes up 463 hits starting in [00:18:53] 1983 with his first run for president. [00:18:55] And in that run, the 1984 presidential [00:18:58] race, he came in third for the [00:19:00] Democratic nomination. Then he ran again [00:19:01] in 1988. He came in second. Here is his [00:19:04] closing minute of a speech at the [00:19:06] Democratic National Convention in 1988. [00:19:09] EVERY ONE OF THESE FUNNY labels they put [00:19:12] on you, those of you who are watching [00:19:14] this broadcast tonight in the projects [00:19:17] ON THE CORNERS I UNDERSTAND, [00:19:19] CALL YOU OUTCAST, [00:19:22] LOW DOWN, you can't make it. You're [00:19:24] nothing. You're from nobody, [00:19:26] SUBCLASS, UNDERASS. WHEN YOU SEE JESSE [00:19:30] JACKSON, when my name goes in [00:19:32] nomination, your name goes in [00:19:35] nomination. I was BORN IN THE SLUM, BUT [00:19:38] THE SLUM WAS NOT born in me. And it [00:19:40] wasn't born in you. And you can make it. [00:19:44] WHEREVER YOU ARE TONIGHT, YOU CAN MAKE [00:19:47] IT. [00:19:48] PULL YOUR HEAD HIGH. [00:19:51] STICK YOUR CHEST OUT. YOU CAN MAKE IT. [00:19:55] IT GETS DARK SOMETIMES, BUT THE MORNING [00:19:58] COMES. DON'T YOU SURRENDER. [00:20:01] SUFFERING BREATHES CHARACTER. CHARACTER [00:20:04] TO BREACH FAITH. IN THE END, FAITH WILL [00:20:06] NOT DISAPPOINT. YOU MUST NOT SURRENDER. [00:20:10] YOU MAY OR MAY NOT GET THERE, BUT JUST [00:20:12] KNOW THAT YOU ARE QUALIFIED AND YOU HOLD [00:20:14] ON AND HOLD OUT. WE MUST NEVER [00:20:18] SURRENDER. AMERICA WILL GET BETTER AND [00:20:22] BETTER. Keep hope alive. [00:20:25] >> Reverend Jesse Jackson at the 1988 [00:20:27] Democratic National Convention in [00:20:29] Atlanta, Georgia. Jesse Jackson has [00:20:31] passed away at the age of 84. his family [00:20:33] putting out a statement. Our father was [00:20:35] a servant leader not only to our family [00:20:38] but to the oppressed, the voiceless and [00:20:40] the overlooked around the world. We [00:20:42] shared him with the world. In return, [00:20:44] the world became part of our extended [00:20:46] family. The National Constitution Center [00:20:49] in Philadelphia today held a program [00:20:51] titled Youth 250hour Declaration. The [00:20:54] center calls it a once- in a generation [00:20:57] gathering of young adults shaping [00:20:59] America's future, the founders of our [00:21:01] next chapter and 250 referring to the [00:21:04] 250th anniversary of the United States [00:21:06] in 2026. This panel included Ariel [00:21:09] Gismar, co-chair of Design It for Us, [00:21:12] Shaniah Bennett, Philadelphia Mayor's [00:21:14] Office youth engagement director, and [00:21:16] Sophia Alvarez, program coordinator of [00:21:19] the Japanese American National Museum. [00:21:21] from where you sit, what feels most [00:21:23] fragile in our country today, whether [00:21:26] it's systems, it is institutions. Um [00:21:29] what what is kind of as you're looking [00:21:31] out there as a young person, something [00:21:33] that's kind of given you giving you [00:21:35] pause? Um maybe we can start off with [00:21:37] Ariel. [00:21:39] >> Sure. To me, there's a lot that feels [00:21:43] fragile right now, but I think at the [00:21:45] core of it is the hope that we can be [00:21:48] better. Um, I think that we are [00:21:50] completely tied to um what America is is [00:21:55] doing right now as as we should be. Um, [00:21:58] and I think that as we evaluate [00:22:01] America's past and present, I I feel [00:22:04] this very fragile um breaking of the [00:22:07] belief that we can be better than what [00:22:09] we are now. Um, of of the belief that we [00:22:12] can outgrow a past, fix injustices in [00:22:15] our past, and push forward. I think that [00:22:18] as we think about dreaming big, as we [00:22:21] think about the future that we want of [00:22:23] the next 250 years of America, the the [00:22:28] idea that things can be better is [00:22:30] feeling fragile to me right now. And I [00:22:32] think that's why the power of young [00:22:33] people has been so incredible. And you [00:22:36] know, why we're all here and why you're [00:22:38] all here um is because I think we we [00:22:40] have a new perspective. Like we we [00:22:43] inherited all of these issues. We're [00:22:45] growing up in one of the most tumultuous [00:22:48] times of our country, if not the And [00:22:52] we're we're saying it it doesn't have to [00:22:54] be this way. Like it actually doesn't [00:22:56] have to be this hard. It doesn't have to [00:22:58] be this difficult. We can actually [00:23:00] address the things that we want to [00:23:01] address and go forward. Um, but I I [00:23:04] think as as we continue and for me, what [00:23:08] you know, I feel like every single time [00:23:09] I I turn on the news, I feel the hope [00:23:12] getting a little bit more fragile and [00:23:14] we'll we'll talk about next steps later, [00:23:15] but um that to me is is feeling scary. [00:23:20] >> Thank you, Shania. What about you? [00:23:22] >> Um I was going to touch on hope. Um I [00:23:24] talk to my young people all the time and [00:23:26] I truly do think that there's um a hope [00:23:28] deficit um amongst young people. We all [00:23:31] have that feeling. But I also talk about [00:23:33] um the loss of joy. And I think with [00:23:36] being young um the beauty of being a [00:23:38] young person, it's like we just have [00:23:40] this innate joy of being a young person [00:23:42] that we all add to spaces um and get [00:23:45] away of what uh in the way of what make [00:23:48] what feels fragile is just young people [00:23:50] being able to enjoy um the joy of their [00:23:53] youth um and and and with everything [00:23:56] that's going on. So that's what I feel [00:23:57] like is is most fragile, just young [00:23:59] people being young and and and having [00:24:01] joy and happiness and not our joy and [00:24:03] happiness being based on happenings of [00:24:06] what's going on in our country. [00:24:08] >> 100%. I I always joke and say that I [00:24:10] think that young people should not be [00:24:12] required to do anything before they turn [00:24:14] 18 cuz I don't know I don't know about [00:24:16] right [00:24:17] >> I don't know well I don't know about the [00:24:18] rest of y'all but like how many of us [00:24:20] today whether it's because you want to [00:24:21] get into college you want to achieve [00:24:24] your dreams whatever it is like so many [00:24:26] of us we give up our childhood in order [00:24:28] to protect this bigger thing the our [00:24:31] community our country the world whatever [00:24:33] it may be and I think sh you said of [00:24:35] like what happened to being a kid what [00:24:37] happened to enjoying our youth I think [00:24:39] it's it's really really important. Um, [00:24:40] but Sophia, what about you? What's [00:24:41] what's feeling fragile for you right [00:24:42] now? [00:24:43] >> I think in this moment it's our trust in [00:24:45] systems, specifically the democratic [00:24:47] process right now. We're seeing a real [00:24:50] decline in people's interest in showing [00:24:52] up to the polls, getting educated, um, [00:24:55] being civically active in their own [00:24:58] communities, um, not only at a local and [00:25:00] a state level, but you know, at a [00:25:01] federal level. And we need to realize [00:25:04] that we are voting in people who are [00:25:07] serving us, their constituents. And so [00:25:09] being able to have that dialogue with [00:25:11] our leaders is so critical and knowing [00:25:13] that our voice matters and our voice [00:25:15] counts um is so critical to young people [00:25:19] especially because this is the future [00:25:21] that our leaders right now are shaping [00:25:23] for us. And right now we are seeing so [00:25:26] many policies, so many um attacks on our [00:25:29] systems right now that uphold um and [00:25:32] protect our world and our future. And [00:25:35] it's it's disheartening. It's it's [00:25:37] frightening. And I think what really [00:25:40] needs to happen is, you know, a [00:25:41] revitalization of people's interest and [00:25:44] in wanting to defend our country and [00:25:45] wanting to protect what is our innate [00:25:48] rights. Sophia Alvarez, program [00:25:50] coordinator with the Japanese American [00:25:52] National Museum on a panel with Shaniah [00:25:55] Bennett from the Philadelphia Mayor's [00:25:56] Office, youth engagement director, and [00:25:59] Ariel Gismar, co-chair of Design It for [00:26:02] Us. The moderator, Alex Edgar, Youth 250 [00:26:06] co-founder and made by us, youth [00:26:09] engagement manager. This was the [00:26:12] National Constitution Center in [00:26:13] Philadelphia holding a program, Youth [00:26:16] 250 [00:26:17] Declaration. Associated Press writing [00:26:19] that lawmakers and the White House [00:26:21] offered no signs of compromise over the [00:26:23] holiday weekend in their battle over [00:26:25] oversight of federal immigration [00:26:27] officers that has led to a pause in [00:26:29] funding for the Department of Homeland [00:26:30] Security. A partial government shutdown [00:26:33] began Saturday after congressional [00:26:34] Democrats and President Donald Trump's [00:26:36] team failed to reach a deal on [00:26:37] legislation to fund the department [00:26:39] through September. Democrats are [00:26:41] demanding changes to how immigration [00:26:43] operations are conducted after the fatal [00:26:45] shootings of US citizens Alex Prey and [00:26:48] Renee Good by federal officers in [00:26:50] Minneapolis last month. That was from [00:26:53] AP. House and Senate are not in session [00:26:55] this week, but leaders say that the [00:26:57] members are on notice to return in 48 [00:27:00] hours if a deal is reached to reopen the [00:27:02] Homeland Security Department. [00:27:04] Congresswoman Jennifer Mlelen, Democrat [00:27:05] from Virginia, was interviewed this [00:27:07] morning on this subject on the Sirius XM [00:27:10] radio show Mornings with Zerina with [00:27:12] host Zerina Maxwell. talk a bit about [00:27:15] why Democrats held together, stayed [00:27:18] unified on DHS funding and and what are [00:27:21] the sticking points that you were not [00:27:23] able to come to an agreement on to avert [00:27:26] the partial shutdown? It is very clear [00:27:29] that DHS and ICE and Border Patrol are [00:27:32] out of control. Um, the fact that you [00:27:34] had two American citizens killed by DSS [00:27:39] federal agents, the fact that you have [00:27:41] ICE terrorizing our communities, uh, [00:27:44] there's a public safety crisis that they [00:27:46] created. You know, over 30 people have [00:27:48] died in their custody uh, since Trump [00:27:51] came to office. And and the American [00:27:53] people have seen that. Everybody who was [00:27:55] snowed in and watched the murder of Alex [00:27:58] Prey, you know, are like enough is [00:28:00] enough. And so we have a list of reforms [00:28:04] that are very necessary, that are [00:28:06] reasonable, that apply to every other [00:28:07] law enforcement agency, you know, no [00:28:09] masks, show your ID, no warrantless [00:28:12] arrests, you know, comply with the [00:28:15] Constitution, uh, detain people in [00:28:17] humane conditions, not in warehouses [00:28:21] that are basically concentration camps. [00:28:23] Um and some of you know the the White [00:28:26] House is now engaged in negotiations [00:28:29] which shows they know they have a [00:28:30] problem. Uh but so far they have not [00:28:33] really been serious about these reforms [00:28:37] that are popular with the American [00:28:39] people that apply to every other law [00:28:41] enforcement agency and really needs to [00:28:42] reign in an outofcrol agency that looks [00:28:45] more like a paramilitary force in our [00:28:47] streets uh than than something that's [00:28:51] supposed to enforce immigration laws and [00:28:54] protect our borders. Congresswoman [00:28:55] Jennifer Mlelen, Democrat of Virginia, [00:28:58] on the Zelina Maxwell program on Sirius [00:29:01] XM today. More from the AP article on [00:29:03] the partial government shutdown. Unlike [00:29:06] the record 43day shutdown last fall, the [00:29:09] closures are narrowly confined, [00:29:10] affecting only agencies under the [00:29:13] Homeland Security Department umbrella, [00:29:14] including the Transportation Security [00:29:16] Administration, US Coast Guard, US [00:29:18] Immigration and Customs Enforcement, and [00:29:21] US Customs and Border Protection. But [00:29:23] the work of ICE and CBP will mostly [00:29:26] continue unabated thanks to billions in [00:29:28] funding from President Trump's 2025 tax [00:29:31] and spending cut law. That was from AP. [00:29:34] Congressman Keith Self, Republican of [00:29:36] Texas, was on Fox Business Channel this [00:29:38] morning talking about this. [00:29:40] >> Lawmakers from the House and Senate are [00:29:41] on recess this week until next Monday. [00:29:44] What is the plan when you're back in [00:29:45] session? [00:29:46] >> Well, it's up to the Democrats. Look, [00:29:48] they can't get out of their own way [00:29:50] because this is not going to impact ICE [00:29:52] because ICE is going to continue to do [00:29:54] their job because they've got several [00:29:56] years worth of funding from the one big [00:29:58] beautiful bill. It does impact the [00:30:01] agencies that you discussed which impact [00:30:04] the American people. Uh so the Democrat [00:30:06] shutdown is going to might hurt the [00:30:09] American people. It's certainly not [00:30:11] going to stop ICE operations. But I [00:30:13] mean, isn't it isn't it ironic that [00:30:15] President Trump uh back in 2019 was [00:30:18] forced to delay a a previous State of [00:30:22] the Union address in 2019 because of a [00:30:25] uh prior government shutdown? Is this [00:30:27] all by design? And then you you're [00:30:29] funded until the end of September, right [00:30:30] before the midterm elections? I mean, [00:30:32] this is this is a joke. [00:30:34] >> Well, the Democrats see a political [00:30:37] issue here. That's the only reason we [00:30:39] have this shutdown. They see a political [00:30:41] issue. They're trying to get the [00:30:43] emphasis off of that good market that [00:30:45] y'all just talked about on this program. [00:30:47] Uh so uh it's it's political with the [00:30:50] Democrats. That's all. It's performative [00:30:52] politics. [00:30:53] >> Congressman Keith Self, Republican from [00:30:55] Texas, interviewed on the Fox Business [00:30:57] Channel by Maria Bart Romo. President [00:30:59] Donald Trump was asked about the partial [00:31:01] government shutdown and next week's [00:31:04] State of the Union address during a news [00:31:06] conference on Air Force One Monday night [00:31:08] as he flew back from Florida to [00:31:10] Washington. Will you give your State of [00:31:12] the Union speech if we're going to shut [00:31:13] down next week? [00:31:16] >> Well, I think I would. Wouldn't bother [00:31:18] me. I would give it here. [00:31:20] >> How are the negotiations going [00:31:22] >> with what? Which one? We have a lot of [00:31:23] negotiations. [00:31:24] >> The government shutdown. [00:31:26] >> Uh, this is a Democrat shutdown. This [00:31:28] has nothing to do with Republicans. This [00:31:30] is a Democrat shutdown. They're upset [00:31:32] that the crime numbers are so good. [00:31:34] They're very unhappy that the crime [00:31:36] numbers are so good. They're very [00:31:37] unhappy that there's a movement for get [00:31:40] getting voter ID. They want voter ID. [00:31:44] The population, 98% [00:31:47] want voter ID. They don't want voter ID [00:31:49] because they want a cheater in [00:31:50] elections. [00:31:51] >> President Donald Trump with reporters on [00:31:52] Air Force One Monday night and Politico [00:31:55] reporting today the White House on [00:31:56] Tuesday dismissed Democrats latest offer [00:31:59] in negotiations to fund the Department [00:32:00] of Homeland Security, saying that quote, [00:32:02] "The parties are still pretty far [00:32:04] apart." A White House official granted [00:32:07] anonymity to discuss ongoing [00:32:09] negotiations said the administration [00:32:11] remains interested in good faith [00:32:13] conversations to end the Democrat [00:32:15] shutdown before more Americans feel the [00:32:17] impacts, but the administration also [00:32:19] remains committed to carrying out the [00:32:21] president's promise to enforce federal [00:32:23] immigration law. Another article from [00:32:25] Politico today. One of the Trump [00:32:27] administration's most vocal defenders of [00:32:29] its aggressive immigration crackdown is [00:32:31] leaving as public opinion sour against [00:32:33] the hardline approach. According to two [00:32:35] DHS officials familiar with the move, [00:32:37] Trisha McGlaughlin, Department of [00:32:38] Homeland Security Secretary Christy [00:32:40] Gnome spokesperson is expected to inform [00:32:43] colleagues Tuesday about her plans. [00:32:44] According to the officials, Washington [00:32:46] today continues in a moment. [00:32:49] >> Best ideas and best practices can be [00:32:51] found anywhere. [00:32:52] >> We have to listen so we can govern [00:32:53] better. [00:32:54] >> Democracy depends on heavy doses of [00:32:56] civility. [00:32:57] >> You can fight and still be friendly. [00:32:59] >> Bridging the divide in American [00:33:01] politics. You know, you may not agree [00:33:02] with a Democrat on everything, but you [00:33:04] can find areas where you do agree. [00:33:05] >> He's a pretty likable guy as well. [00:33:07] >> Chris Coons and I are actually friends. [00:33:08] He votes wrong all the time, but we're [00:33:10] actually friends. [00:33:11] >> A horrible secret that Scott and I have [00:33:13] is that we actually respect each other. [00:33:14] >> We all don't hate each other. [00:33:16] >> You two actually kind of like each [00:33:18] other. These are the kinds of secrets [00:33:19] we'd like to expose. [00:33:20] >> It's nice to be with a member who knows [00:33:21] what they're talking about. [00:33:23] >> You guys did agree to the civility. All [00:33:25] right. [00:33:25] >> He owes my son $10 from a bed. Mr. Vice [00:33:28] President fork it over. No, that's [00:33:31] fighting words right there. [00:33:32] >> Glad I'm not in charge. [00:33:33] >> I'm thrilled to be on the show with him. [00:33:35] >> There not shows like this, right? [00:33:37] Incentivizing that relationship. [00:33:40] >> Ceasefire, Friday nights on C-SPAN, [00:33:47] >> Fridays at 7 and 10 p.m. Eastern and [00:33:50] Pacific. You can listen as well here on [00:33:52] C-SPAN Radio and get it as a podcast [00:33:55] wherever you find your podcasts. [00:34:00] Welcome back to Washington today, [00:34:02] available as a podcast on the free [00:34:04] C-SPAN now mobile app and wherever you [00:34:06] find your podcasts. Washington Post [00:34:08] writing a second round of nuclear talks [00:34:10] between Iran and the United States [00:34:12] concluded in Geneva on Tuesday without [00:34:14] any breakthrough. According to [00:34:16] statements, Moran and Oman, which is [00:34:19] mediating the talks, but both said some [00:34:21] progress had been made. The meeting [00:34:23] occurred against the backdrop of an [00:34:25] expanded US military presence in the [00:34:27] Middle East as President Donald Trump [00:34:28] threatens to attack Iran if a deal [00:34:30] cannot be reached. Iranian officials [00:34:32] have said a deal is possible but [00:34:34] cautioned the diplomacy may take time. [00:34:37] Trump has said time is limited but [00:34:39] hasn't set an explicit deadline. That [00:34:42] article from the Washington Post, Vice [00:34:44] President JD Vance was asked about this [00:34:46] in a Fox News interview today. [00:34:48] >> Well, I'm obviously not going to make [00:34:49] any announcements today. I think the [00:34:51] president has a lot of options. We do [00:34:52] have a very powerful military. The [00:34:54] president's shown a willingness to use [00:34:55] it. He also has a remarkable diplomatic [00:34:57] team. He's shown a willingness to use [00:34:59] that too. And so what what the president [00:35:01] has been very clear with the Iranians [00:35:02] and actually I just talked to to Steve [00:35:04] Woodoff and Jared Kushner this morning [00:35:06] about some of their negotiations is the [00:35:07] United States has certain red lines. Our [00:35:09] primary interest here is we don't want [00:35:11] Iran to get a nuclear weapon. We don't [00:35:13] want nuclear proliferation. If Iran gets [00:35:14] a nuclear weapon, there are a lot of [00:35:16] other regimes, some friendly, some not [00:35:18] so friendly, who would get nuclear [00:35:19] weapons after them. That would be a [00:35:21] disaster for the American people because [00:35:23] then you have these crazy regimes all [00:35:25] over the world with the most dangerous [00:35:26] weapons in the world. And that's one of [00:35:28] the things the president has said he's [00:35:29] going to prevent. Now, we would very [00:35:31] much like as the president has said to [00:35:34] resolve this through a conversation in a [00:35:36] diplomatic negotiation, but the [00:35:38] president has all options on the table. [00:35:40] And you know, one thing about the [00:35:41] negotiation I will say this morning is, [00:35:43] you know, in some ways it went well. [00:35:45] they agreed to meet afterwards. But in [00:35:46] other ways, it was very clear that the [00:35:48] president has set some red lines that [00:35:50] the Iranians are not yet willing to [00:35:53] actually acknowledge and work through. [00:35:55] So, we're going to keep on working it, [00:35:56] but of course, the president reserves [00:35:58] the ability to say when he thinks that [00:36:00] diplomacy has reached its natural end. [00:36:03] We hope we don't get to that point, but [00:36:04] if we do, that'll be the president's [00:36:05] call. [00:36:06] >> Vice President J. D. Vans on Fox News [00:36:08] this afternoon. The US delegation led by [00:36:11] special envoy Steve Whitoff and the [00:36:13] president's son-in-law Jared Kushner. [00:36:15] President Trump previewed the talks [00:36:17] Monday night on Air Force One. What are [00:36:20] you expecting from these Iran talks in [00:36:22] Geneva tomorrow? [00:36:23] >> So I'll be uh involved in those talks [00:36:26] indirectly and they'll be very [00:36:28] important. We'll see what can happen. [00:36:30] But typically Iran's a very tough [00:36:32] negotiator. They're good negotiators or [00:36:34] bad negot I would say they're bad [00:36:36] negotiators because we could have had a [00:36:38] deal instead of sending the B2s in to [00:36:40] knock out their nuclear potential. We [00:36:44] had to send the B2s. I hope uh I hope [00:36:46] they're going to be more reasonable. [00:36:48] They want to make a deal. [00:36:49] >> Have you been told that a deal is next [00:36:51] to impossible? [00:36:53] >> No, no, I think they want to make a [00:36:55] deal. [00:36:56] >> I don't think they want the consequences [00:36:58] of not making a deal. They want to make [00:37:00] a deal. President Donald Trump speaking [00:37:02] to reporters on Air Force One Monday [00:37:04] night. Today after the talks between the [00:37:07] US and Iranian delegations, the Iranian [00:37:10] Foreign Minister Abbas Arachi spoke at [00:37:13] the United Nations Conference on [00:37:14] Disarmament, which was also being held [00:37:17] in the same city, Geneva. [00:37:19] >> Humanity continues to live under the [00:37:22] shadow of more than 12,000 nuclear [00:37:25] warheads, many of which remain deployed [00:37:28] or on high alert. embedded in doctrines [00:37:31] that contemplate their rapid use and in [00:37:35] some cases their first use. The [00:37:38] continued reliance on such arsenals [00:37:41] reflects doctrines that perpetuate [00:37:44] existential risks risks for all humanity [00:37:47] and stand in direct contrad [00:37:49] contradiction with disarmament [00:37:52] obligations under the treaty on the [00:37:54] nonprololiferation of nuclear weapons. [00:37:57] Iran has consistently pursued a strategy [00:38:01] aimed at the peaceful use of nuclear [00:38:03] energy while demonstrating readiness to [00:38:06] address any concerns [00:38:08] regarding the nature of its nuclear [00:38:11] program and to ensure its exclusively [00:38:14] peaceful character. [00:38:17] It was on this basis [00:38:20] that Iran entered into nuclear [00:38:22] negotiations and has continued until [00:38:25] very today. A review of the course of [00:38:29] these negotiations speaks volumes. The [00:38:32] Islamic Republic of Iran has [00:38:34] consistently affirmed that it neither [00:38:36] seeks neither seeks to manufacture nor [00:38:40] to acquire nuclear weapons which have no [00:38:43] place whatsoever in Iran's national [00:38:46] security. doctrine. This position is [00:38:48] rooted in our defense policy and [00:38:50] reinforced by clear religious boundaries [00:38:53] prohibiting weapons of mass destruction. [00:38:56] >> The Iranian foreign minister Abbas [00:38:57] Arachi at the United Nations conference [00:39:00] on disarmament in Geneva, Switzerland. [00:39:02] New York Post writing, Iran announced [00:39:05] Tuesday that it had closed parts of the [00:39:06] Straight of Hormuz for military drills [00:39:08] after Ayatollah Ali Kam openly mocked [00:39:11] President Trump while negotiators met in [00:39:13] Geneva discussed the regime's nuclear [00:39:15] program. Iranian state media announced [00:39:17] that Tran's notorious Islamic [00:39:19] Revolutionary Guard Corps had fired live [00:39:21] missiles towards the strait and would [00:39:23] closed for several hours due to quote [00:39:25] safety and maritime concerns. [00:39:27] Approximately 20% of the world's seaborn [00:39:29] oil trade moves through the straight [00:39:31] which connects the Persian Gulf to the [00:39:33] Gulf of Oman. Earlier threatened that [00:39:36] Iran's forces would hit the powerful [00:39:38] American naval presence in the region [00:39:40] quote so hard it cannot get up. That [00:39:42] reporting from the New York Post and [00:39:45] from Al Jazzer, Russian and Ukrainian [00:39:47] officials have convened for a third [00:39:49] round of United States brokered peace [00:39:51] negotiations in Switzerland. Days before [00:39:54] the bloody Ukraine war hits its [00:39:56] four-year mark after the first day of [00:39:58] talks ended on Tuesday, Russian media [00:40:00] quoted an unidentified source as saying [00:40:02] the negotiations were tense, lasted 6 [00:40:05] hours, and took place in different [00:40:07] bilateral and trilateral settings. That [00:40:09] was from Alazer. This is CPAN Radio's [00:40:12] Washington. Today, Associated Press [00:40:14] writing, "The Trump administration is [00:40:15] throwing its support behind the [00:40:17] prediction market operators Kalshi and [00:40:20] Poly Market in a critical legal battle [00:40:22] between the growing prediction market [00:40:24] industry and states that wish to ban [00:40:26] these platforms." Again, that was from [00:40:28] Associated Press. The chair of the [00:40:30] Commodities Futures Trading Commission [00:40:32] posted a video. [00:40:34] >> CFTC chairman Mike Seelig here. Over the [00:40:37] past year, American prediction markets [00:40:40] have been hit with an onslaught of [00:40:42] state-led litigation. [00:40:45] In response, the CFDC has today filed a [00:40:48] friend of the court brief to defend its [00:40:51] exclusive jurisdiction over these [00:40:54] derivative markets. Prediction markets [00:40:57] aren't new. The CFTC has regulated these [00:40:59] markets for over two decades. [00:41:02] They provide useful functions for [00:41:05] society by allowing everyday Americans [00:41:07] to hedge commercial risks like increases [00:41:10] in temperature and energy price spikes. [00:41:13] They also serve as an important check on [00:41:16] our news media and our information [00:41:19] streams. [00:41:22] Today, the CFTC is taking an important [00:41:24] step to ensure that these markets have a [00:41:27] place here in America and have the [00:41:29] integrity and resilience and vibrancy [00:41:32] that our derivatives markets deserve. [00:41:36] To those who seek to challenge our [00:41:38] authority in this space, let me be [00:41:41] clear. We will see you in court. Joining [00:41:44] us now with more on the fight over [00:41:47] prediction markets regulation is Nathan [00:41:49] Bowie, Axios business reporter and [00:41:51] author of their newsletter Axios closer. [00:41:54] Thanks for being with us. First of all, [00:41:56] what is a prediction market? Well, a [00:41:58] prediction market is a fairly new [00:42:01] invention that essentially allows people [00:42:04] to trade on what is called event [00:42:07] contracts, which is basically a way of [00:42:10] saying you can risk your money on the [00:42:13] percentage chance that something is [00:42:15] going to happen or not happen. Now, this [00:42:17] could be anything from a weather event [00:42:20] to a sports game to a political [00:42:24] election. And you basically can you, you [00:42:27] know, take the probability and put your [00:42:29] money into it. So if it's 20% chance [00:42:32] happening, you basically uh, you know, [00:42:34] you put a dollar on that and then it it [00:42:37] goes to if it ends up happening, it [00:42:39] means it goes to 100%. In this case, [00:42:42] that would be five times the 20 uh%. So [00:42:45] it would be you make five times your [00:42:47] money. And that's how it works. [00:42:48] >> I think I know why some states have been [00:42:51] trying to to regulate the markets. They [00:42:53] see them as gambling and they don't want [00:42:55] gambling in their states. But why is the [00:42:56] federal government pushing back and [00:42:58] asserting jurisdiction? What's what do [00:42:59] you think's going on here? [00:43:01] >> Well, correct that this is definitely [00:43:03] viewed by many folks as basically [00:43:06] another version of sports gambling. And [00:43:08] it is important to note that the vast [00:43:10] majority of trading on on prediction [00:43:13] markets uh is sports. Uh so although [00:43:16] elections for example are part of it and [00:43:19] other news events like the capture of [00:43:21] Nicholas Maduro a few months ago was uh [00:43:25] something that was being traded on by [00:43:26] the prediction markets. Um, sports are [00:43:29] the big the big one. And so, you know, I [00:43:32] think that this is going to be a huge [00:43:34] debate going forward. And the Federal [00:43:36] Commission, the Commodity Futures [00:43:38] Trading Commission called the CFTC has [00:43:41] stepped in and is asserting regulatory [00:43:43] oversight of these markets because uh [00:43:47] the the state gaming commissions [00:43:48] throughout the country are trying to do [00:43:51] the same thing. And so there's a fight [00:43:52] now between the states and Washington [00:43:55] over who's going to oversee this. [00:43:57] >> Who is supporting each side? [00:44:00] >> Well, on the federal uh side, the CFTC [00:44:02] is led by a new chair, Mike Seague, who [00:44:05] is uh basically saying they're going to [00:44:08] file uh uh amicus briefs essentially in [00:44:11] any legal case in which a state [00:44:13] government or state gaming commission [00:44:15] has attempted to block the prediction [00:44:17] markets from operating. Um, so he's on [00:44:19] one side and also in Washington, it's [00:44:21] very important to note that President [00:44:23] Trump's son Donald Trump Jr. is an [00:44:26] investor or adviser in multiple [00:44:28] prediction market companies, Koshi and [00:44:30] Poly Market. And so some have suggested [00:44:33] that the president's family has a [00:44:34] financial interest in the uh, you know, [00:44:38] the success of the prediction market. So [00:44:40] there is that to note. Um on the state [00:44:42] side though, you know, the state side, [00:44:44] you've got the states who want the [00:44:46] regulatory uh authority to block this [00:44:48] from happening there. You got the casino [00:44:50] industry which does not want this as [00:44:52] well. So you've got the casinos who are [00:44:54] fighting the prediction markets as well. [00:44:57] And then some of the sports books have [00:44:58] embraced it and others have not embraced [00:45:00] it. So it has really splintered the [00:45:02] gambling industry and the political uh [00:45:05] world as well. [00:45:06] >> We're talking with Nathan Bowie from [00:45:07] Axios. H how popular are these markets? [00:45:10] how much business do they do? [00:45:12] >> We're talking about really significant [00:45:14] increase in uh in trading as they call [00:45:17] it now on these platforms. The Super [00:45:20] Bowl, hundreds and hundreds of millions [00:45:22] of dollars was risked on the prediction [00:45:24] markets on the Super Bowl and that is [00:45:26] just the beginning I think because as [00:45:29] awareness grows that in states where [00:45:32] sports betting has not been legalized, [00:45:35] you can often still access these [00:45:36] prediction markets to risk money on [00:45:39] sports. I think that more and more [00:45:40] people are going to be bypassing the [00:45:43] traditional sports books and using these [00:45:45] prediction markets instead. So, it's a [00:45:47] real threat to the sports books as well, [00:45:49] companies like DraftKings and FanDuel, [00:45:51] which is why you've seen both of them [00:45:53] actually create their own uh prediction [00:45:56] markets that operates in states where [00:45:57] they're not currently operating. So, [00:45:59] this is uh a space that is very dynamic [00:46:02] and is a big threat to all sorts of [00:46:04] players. I know you said that sports at [00:46:07] the moment is is the big player on these [00:46:10] markets, but considering that these [00:46:12] prediction markets do allow bets on [00:46:14] other issues, in a sense, they operate [00:46:16] like polls, is there any concern that [00:46:19] perhaps they could be used, manipulated [00:46:22] in terms of media coverage? [00:46:23] >> I think that there is certainly a big [00:46:26] concern that there could be manipulation [00:46:28] going on here. So, I'll give you an [00:46:30] example. Just a couple months ago when [00:46:32] the Maduro capture happened, um there [00:46:35] was a suggestion by some that there was [00:46:39] an insider somewhere who was able to [00:46:42] capitalize on advanced knowledge of his [00:46:44] capture that this was going to happen [00:46:46] and traded made a massive trade on Poly [00:46:49] Market and made a lot of money. There [00:46:50] have been other examples of insider [00:46:52] trading where people have basically been [00:46:55] able to leverage the information [00:46:56] arguably leverage the information that [00:46:57] they've had to make money. And so that's [00:46:59] one way that this is influenced. But [00:47:01] another way that this could be [00:47:02] influenced is if you have the power to [00:47:05] influence the public narrative on a [00:47:06] topic that uh that could actually then [00:47:09] sway the market and in your favor, [00:47:11] especially if you've already bet on that [00:47:13] market. And there is some question as to [00:47:15] whether that is illegal or not. Um some [00:47:17] are arguing it's not illegal. Uh [00:47:20] possibly because the regulatory system, [00:47:23] you know, regulatory structure hasn't [00:47:25] caught up with the idea that this kind [00:47:26] of thing happened. It's kind of like [00:47:28] it's it's not if you look at, you know, [00:47:30] insider trading with stocks, that's [00:47:31] clearly illegal. That's very very [00:47:33] obviously delineated in the law. Whether [00:47:36] or not it's illegal to influence a [00:47:38] prediction market maybe a little bit [00:47:39] less certain. [00:47:40] >> And a final question, what happens next? [00:47:42] And how do you think this ends? [00:47:44] >> Well, I think that the legal battle here [00:47:45] is going to continue to escalate because [00:47:47] there's so much money to be made. And I [00:47:49] think that there's a very good chance [00:47:51] that the legality of the prediction [00:47:53] markets does end up before the US [00:47:55] Supreme Court because the this is a [00:47:58] classic case that the Supreme Court [00:48:00] might want to step in on because it [00:48:02] involves a state and federal dispute. [00:48:04] The states often asserting their [00:48:06] authority here and then the federal [00:48:08] government saying it has authority. Now [00:48:10] the CFTC does historically have uh [00:48:13] authority over derivatives markets. Do [00:48:15] these qualify as traditional derivatives [00:48:17] or not? I think is a question the state [00:48:19] the the courts may have ultimately have [00:48:21] to answer and then then the question [00:48:23] will come how will the Supreme Court uh [00:48:25] rule on something like this and I think [00:48:27] there's a lot of uncertainty there [00:48:29] obviously a Supreme Court that has [00:48:30] historically been fairly pro business [00:48:32] and did open the door to legalize sports [00:48:34] gambling in 2018 but will this strike [00:48:37] them as something different uh as maybe [00:48:39] something that violates states rights [00:48:41] I'm not sure [00:48:42] >> Nathan Bowie Axios business reporter [00:48:44] author of the newsletter Axios closer [00:48:47] find his articles at axios.com. [00:48:49] Thank you very much. [00:48:50] >> Glad to do it. Thank you. [00:48:52] >> Utah Governor Spencer Cox, a Republican, [00:48:54] posting these prediction markets. You [00:48:57] are breathlessly defending our gambling [00:49:00] pure and simple. They are destroying the [00:49:01] lives of families and countless [00:49:03] Americans, especially young men. They [00:49:04] have no place in Utah. Senator Bernie [00:49:06] Moreno, Republican of Ohio, writing on [00:49:09] X, clear lines of delineation and [00:49:11] clarity on regulations is essential for [00:49:14] American le innovation. Congress gave [00:49:16] the CFTC the authority they needed. I [00:49:18] applaud Chair Michael Celig for his [00:49:20] leadership in bringing about muchneeded [00:49:23] certainty to our innovators. [00:49:27] Wall Street today, the Dow up 32, NASDAQ [00:49:30] up 31, S&P up 7. Former Secretary of [00:49:33] State Hillary Clinton is accusing the [00:49:36] Trump administration of orchestrating a [00:49:37] cover up over the files related to the [00:49:39] late sex offender Jeffrey Epstein. [00:49:41] Hillary Clinton and her husband, former [00:49:43] President Bill Clinton, are scheduled to [00:49:44] give depositions on the Epstein files at [00:49:47] the end of this month before the House [00:49:50] Oversight and Government Reform [00:49:51] Committee. Hillary Clinton was [00:49:52] interviewed by BBC News in Munich, [00:49:55] Germany Monday while attending the [00:49:57] Munich Security Conference. [00:49:59] >> They are accused and in both cases were [00:50:02] convicted of horrific crimes against [00:50:06] girls and women. That should be the [00:50:09] focus. And we are more than happy to say [00:50:12] what we know which is very limited and [00:50:15] totally unrelated to their uh behavior [00:50:18] or their crimes and we want to do it in [00:50:21] public because let's make this [00:50:23] transparent. The survivors deserve that. [00:50:26] The public deserves that. But you know [00:50:28] the Republican member of Congress who is [00:50:30] running this uh hearing or this [00:50:33] investigation is trying to protect the [00:50:35] president. So, let's get to what's [00:50:38] really at stake here [00:50:39] >> just on this hearing. And obviously, u [00:50:42] I'm sure Donald Trump, his [00:50:43] administration would reject your [00:50:44] characterization of what's going on, and [00:50:46] he's denying. [00:50:47] >> How can they reject it? They can't [00:50:48] answer questions. And the attorney [00:50:50] general was clearly unwilling to answer [00:50:53] questions. She works for him. So, [00:50:57] let let's be very clear here. According [00:51:01] to what we now know, [00:51:04] Mr. Trump. President Trump is mentioned [00:51:06] some say a million times in the files. [00:51:10] People in his cabinet are [00:51:12] >> think is correct. [00:51:12] >> That's what it says, you know, on the [00:51:14] internet over and over again. So let's [00:51:16] So let's find out what the truth is. [00:51:18] That's why we want it to be transparent [00:51:20] and in public. [00:51:21] >> And on that your upcoming appearance [00:51:24] before the oversight committee, where [00:51:27] are we with that? You want to appear in [00:51:28] public, public versus closed door [00:51:31] deposition. Is it going ahead and how? [00:51:33] What is the format going to be? [00:51:34] >> We will show up, but we think it would [00:51:37] be better to have it in public because [00:51:40] what we want is for everybody to get to [00:51:43] the facts about this. We have nothing to [00:51:47] hide. We have called for the full [00:51:50] release of these files repeatedly. We [00:51:53] think sunlight is the best disinfectant. [00:51:55] Get the files out. They are slowwalking [00:51:58] it. They are redacting the names of men [00:52:00] who are in it. They are stonewalling [00:52:04] legitimate requests from members of [00:52:05] Congress. That has nothing to do with [00:52:07] us. Something is going on. They know it. [00:52:11] I know it. [00:52:12] >> Former Secretary of State Hillary [00:52:13] Clinton interviewed on BBC News on [00:52:16] Monday. Over the holiday weekend, [00:52:18] Attorney General Pam Bondi said in a [00:52:20] letter to Congress, "The Justice [00:52:21] Department has released what she [00:52:23] described as all of the Jeffrey Epstein [00:52:25] files." And she says the department has [00:52:26] fulfilled its obligation under the [00:52:28] Epstein Transparency Act. Associated [00:52:31] Press writing that people leaned out of [00:52:33] rot iron balconies hollering the iconic [00:52:36] phrase throw me something mister as a [00:52:38] massive Martyra parade rolled down New [00:52:41] Orleans historic St. Charles Avenue on [00:52:43] Tuesday. Marty GR also known as Fat [00:52:45] Tuesday marks the climax and end of the [00:52:47] week-long carnival season and a final [00:52:50] chance for indulgence, feasting, and [00:52:52] realry before the Christian Lent period [00:52:54] of sacrifice and reflection. That was [00:52:56] from AP. The new mayor of New Orleans, [00:52:58] Helena Mareno, a Democrat, led a parade [00:53:01] on horseback. [00:53:02] >> Marty Gra. [00:53:06] >> It is such an honor to be before you [00:53:09] today at Galler Hall leading Zulu. I can [00:53:13] tell you that you have a wonderful day [00:53:16] ahead of you. Zulu is ready to bring [00:53:19] lots of coconuts. You ready? [00:53:22] >> All right, y'all. Let's have a [00:53:24] wonderful, safe, memorable, and glorious [00:53:27] Marty Gro. Have a great day. Love you. [00:53:29] Happy Marty GR New Orleans. [00:53:31] >> New Orleans Mayor Helena Moreno just in [00:53:34] office this year at today's parade. [00:53:37] Lunar New Year begins today as well. [00:53:39] It's the year of the horse. An AP [00:53:40] article explains the Lunar New Year is [00:53:42] the most important annual holiday in [00:53:45] China and some other East Asian nations [00:53:47] and is celebrated outside the region, [00:53:49] too. Crowds descended on popular temples [00:53:52] to burn incense and pray for happiness [00:53:54] and success in the coming year. About a [00:53:57] dozen members of the US Congress who are [00:53:59] in the Congressional Asian-Pacific [00:54:01] American Caucus put up a video about [00:54:05] foods they are looking forward to eating [00:54:07] on this holiday. Starting with the [00:54:09] chair, Congresswoman Grace Mang of New [00:54:11] York. then followed by House Member [00:54:12] Tedloo of California, Senator Tammy [00:54:14] Duckworth of Illinois, Congresswoman [00:54:16] Marilyn Strickland of Washington, [00:54:18] Senator Maono of Hawaii, House Member [00:54:21] Shri Tanadar of Michigan, Senator Andy [00:54:23] Kim of New Jersey, and then House [00:54:25] members Derek Tran of California, Ammy [00:54:27] Barer of California, Jill Takuda of [00:54:29] Hawaii, and Dave Min of California. [00:54:32] Here's the video. [00:54:32] >> So, Grace, what is your favorite thing [00:54:34] to eat on Lunar New Year? [00:54:36] >> Dumplings. Su jao with my Chinese side [00:54:39] of the family and mandu with my Korean [00:54:42] side of the family. [00:54:43] >> My favorite dish for Luna New Year or [00:54:46] longevity noodles. [00:54:48] >> This Luna New Year, I'm going to get to [00:54:49] eat one of my favorite things in Thai. [00:54:52] It's called Pakboom Fang. [00:54:54] >> My favorite dish to celebrate the Lunar [00:54:56] New Year is actually medicinal in [00:54:58] nature, which is very common in Asian [00:55:00] cooking. So, it's yakik, which is a [00:55:03] sweet, sticky rice dessert from Korea. [00:55:06] If you're like me, you're going to [00:55:07] celebrate that day by eating tons of [00:55:10] Chinese food. Noodles, gao, you name it, [00:55:14] we should enjoy it. I love chicken [00:55:16] biryani. [00:55:17] >> Uh my favorite dish to eat around Luna [00:55:19] New Year is dumplings, mandu in Korean. [00:55:23] >> What that is is a cylinder rice, sticky [00:55:25] rice cake. You can have it savory with [00:55:28] pork belly and mung bean or you can have [00:55:31] it the sweet version with banana. [00:55:32] >> You're not turned 60 this year. [00:55:34] Longevity noodles. My favorite Lunar New [00:55:37] Year food is of course the sweets. I [00:55:39] love almond cookies and I know these are [00:55:42] just a few from my district, but you can [00:55:44] bet I'm going to go home. I've got my [00:55:46] favorite recipe I'm going to be making [00:55:48] as well as hitting our local Chinatown. [00:55:50] Cannot wait. My favorite food to eat on [00:55:53] Lunar New Year is taku, which is a [00:55:56] Korean rice cake soup with um seaweed, [00:56:00] egg, maybe some proteins. And uh it is [00:56:03] both delicious and supposed to be really [00:56:05] good for your health. [00:56:06] >> Have a happy Lunar New Year. [00:56:07] >> Happy Lunar New Year. [00:56:08] >> Happy Lunar New Year. [00:56:10] >> Happy Lunar New Year [00:56:15] everyone. [00:56:19] >> Happy New Year. [00:56:23] >> Members of the US Congressional [00:56:25] AsianPacific American Caucus putting out [00:56:28] that video at the start of the Lunar New [00:56:30] Year. Thanks for listening to Washington [00:56:32] today. 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