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tv   Ukrainian President Zelensky Addresses World Bank  CSPAN  April 22, 2022 5:40pm-6:24pm EDT

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saturday night april 30, "the daily show" host trevor noah headlines the first white house correspondents association dinner since 2019. president biden is also expect it to the -- expected to attend, making this the first time since 2016 that a sitting president has attended. our coverage begins at 8:00 p.m. eastern on c-span. we will have sights and sounds from inside the ballroom and highlights from past dinners. coverage on and the c-span now video app begins live at 6:00 p.m. eastern where you can watch celebrities, journalists, and other guests will red carpet as they arrived for the dinner. the white house correspondents association dinner live saturday night april 30 on c-span, c-span radio,, and the c-span now video app. >> next, ukrainian president zelenskyy addresses world financial leaders during an event at the world bank
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headquarters in washington. president zielinski called on global financial institutions to punish russia for its actions in ukraine. this is about 40 minutes. -- president zelenskyy called on global financial institutions to punish russia. d.c., as well as the global audience joining us via live stream. i am deeply horrified and shocked by russia's invasion of >> i have been deeply horrified and shocked by russia's invasion of ukraine, the crimes committed against civilians and the loss of lives of innocent ukrainians. ukraine's needs are immense and evolving. we are here today as part of our continuing assessment of those needs, recognizing that the situation on the ground changes by the hour. ve his excellency, president vladimir
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zielinski, joining us--volodymyr zelenskyy, joining us live from ukraine. president zelenskyy has demonstrate a powerful leadership throughout the war. mr. president, you and your nation have shown strength, tenacity, and here was him in the face of progression. president zelenskyy, the floor is yours. pres. zelenskyy: thank you, mr. president, dear president david malpass, and dear managing director of imf kristalina georgieva. i would like to greet all those who are attending this historical meeting of the world bank. a few days ago i spoke with ms. kristalina georgieva and i heard a very important words from her about ukraine. we talked about life in our city
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kharkiv. it is the biggest city of eastern ukraine. the russian troops are bombarding and firing at it for some weeks, and those parts were russian weapons can reach over 1000 houses have been ruined. russian artillery, russian missiles, russian air bombs do not discriminate between who to kill and which buildings to blow up or set on fire. in downtown kharkiv, and at the side streets, it is equally dangerous and die promotion strikes. but you should know our people, residents of kharkiv, even during the war, the firing strikes, kharkiv has remained a functioning city. as crystal enough-- as k ristalina pointed out, there planting flowers in kharkiv,
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their cleaning the streets and keeping the city into a good shape. that is what our country is like. we were able to liberate three northern provinces of the country from the occupiers, and we are doing everything now to bring normal life back there. russian troops have destroyed or damaged tens of thousands of buildings. they almost --almost all objects of social sphere have been burned down or require fixing. thousands of people have been killed, most businesses have been destroyed. you're bringing back electricity, communication, lights, water supplies for the we are renewing transportation lines, building up temporary bridges on the rivers, we are continuing building social administered of services, and every day we remove mines and
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booby-traps left by the russian military. they were even putting those mine traps in people's homes, in home equipment, and even in the agricultural things. despite all this, our people are coming back home. ukrainians are doing everything in order to bring back former life, because that is who we are, ukrainians, in the east of our country. in donbas in the south, it is even harder an active combat operation is going on. russia is a trend to build up a new and atrocious offensive operation. i can give you one number so you can understand the scale of our experiences. owing to bombardments and fire strikes, there have been 1141
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educational institutions ruined or damaged. that includes schools, nursery schools, universities, all across the country. not every country of the world has so many institutions of education as russians have ruined in ukraine. we are talking about schools and colleges. you can imagine how many other places have been ruined. hospitals, infrastructural objects, businesses, etc. russian investment has been damaged at the very preliminary evaluation, ukraine has lost 550,000 billion in value of the destruction. russia has blocked our ports in the black sea. this has reduced our exports, including agrarian exports, and
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it already impacts world food safety. recent u.n. reports said that 47 million people in 81 countries of the world will starve because of growth of prices for food. and this is not about physical shortage of food in many countries of africa and asia. this will also force political instability and a new migration crisis. they will look for those who are guilty and they will go out on the street and look for a way to save themselves. we are doing everything we can in order to build up the export of our products, and we have started sowing in the field is we can. but nobody in the world can be sure that we will be able to guarantee security as long as
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the war is going on. to stop the war now and to liberate our territory for the russian invaders is the only secure way to stop the development of a food crisis. russian military are destroying all objects in ukraine that can serve as an economic base for life. that includes railroad station, food warehouses, oil refineries, etc. at this time we need up to 7 million -- 7 billion u.s. dollars each month to make up for the economic losses, and we will need hundreds of billions of dollars to rebuild all this later. i'm sure that all of you have seen those calculations. we have to speak honestly with you and say that russia is using
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aggressive measures in world markets while fighting this war. they are creating conditions not only in food markets but fuel markets, other raw materials markets will face instability. russia has promoted the growth of prices for energy resources in europe and all democratic world. they are slowing the sales to -- especially for natural gas to create painful prices for european consumers. this and other examples show that russia can no longer be considered a normal and reliable supplier of energy resources,a normal unreliable trade partner. we all can implement such decisions which will not only stop the aggressive intentions of russia, who not only support ukraine in this war, but will
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also show all potential aggressors in the world that if you create problems for other nations, this means you will create problems for yourself, because if we don't do that, in millions and millions of people in the world will suffer more than once from aggressive action of some countries. so, what steps are needed now, right now? first is the immediate support for ukraine so that the leadership of russia note that more will not allow them-- know that war will not allow them to implement any of their aggressive goals. details of the financial report will be presented by our prime minister and minister of finance who are present in this meeting. we must do everything so that ukrainians have everything they need for survival and life even despite the war. as i mentioned, the city of kharkiv at the beginning, this
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applies to all other cities and communities of ukraine. number two, we need immediately to exclude russia from all international financial institutions. imf, world bank, and others. that is not a place for a country that is trying to kill the life of a neighborly nation. number three, russia and any other aggressor must pay for destroying global stability. such tax must be applied to all, without exception, trade operations with the russian federation, or with russian companies come up for all export and import operations, for all financial operations that are not blocked yet. the costs from the war tax must be used to help ukraine to renew everything that russia has
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destroyed. and if this tax is applied to another aggressor, then those costs must be directed to the victims of that war. the world needs working effective instrument to destructive action by all those who doesn't want to support collective security. i'm sure that such a war tax can be proof of that kind. number four, every country in the world must be prepared to break up all relations with russia. no one should be dependent on the political winds -- political whims of the leaders of that country. if the world is prepared to isolate russia completely, the russian leadership would have motivation to avoid any war. number five, those assets of the russian state that already have been blocked, and the russian
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elite, but those are not all the assets that we know. this blocking has to be continued, those efforts have to be continued, and that is not a goal in itself. those moneys that were frozen have to be used to rebuild ukraine after the war, as well as to pay for the losses caused to other nations. if there is starvation started in some regions due to russia's war, those frozen assets can be used to pay for the assistance and compensation. we must use all our strength so that russia feels punished for this war, and also feels how big is the need to bring peace, including for russia itself. so by helping us, we are helping
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to stabilize the world in general, and the market problems including with the food market, and your support, with your financial support, we will quickly rebuild our nation that needs new opportunities, business from different countries, not just economic growth, but also this will be specific that global financial institutions are capable to work in the interest of the rank-and-file people and of mankind in general. i would like one of our next meetings to take place in the ukraine, in one of our cities that were rebuilt with your support. maybe in kharkiv. thank you for your attention, and glory to ukraine.
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>> appreciate your participation in today's meeting. , next i would like to welcome --next, i would like to welcome his excellency denys shmyhal, prime minister of ukraine. prime minister, the floor is yours. prime min. shmyhal: thank you very much. director malpass, your excellency, your colleagues, i'm sure you understand the current situation in europe and what exactly russia is doing here in ukraine. firstly, they destroyed ukraine's economic potential.
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president zelenskyy has told of all kinds of infrastructure and enterprises subjected to massive attacks, airstrikes, air fire, not only the military, but everything, from bakeries to food warehouses, to machine building enterprises, petroleum storages, everything. bombing is under russian's strengths. second, the russian military tactic is aimed at greeting and immigration crisis in europe. russian troops are destroying people's homes. there are communities that have been destroyed by the russians fire. mariupol is just one example, but not the last. other cities suffered comparable large-scale destruction.
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other city centers kharkiv have been turned -- other cities such as kharkiv kharkiv have been turned to ruins. russia is blocking our seaports. if our seaports they blocked, we cannot export agricultural products will if we cannot export agricultural products, there will be a food crisis and large-scale political the civilization in dozens of countries in north africa-- destabilization in dozens of countries in north africa, asia. one of the consequences of russia's aggression today? one of the key regions in europe is destroyed by russia. black sea is blocked. thousands of ukrainians-- hundreds of thousands of ukrainians are dead. almost 12 million ukrainians forced to leave their homes.
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about 50 million of them -- about 5 million of them left ukraine. for now, 220,000 people lost their homes, because 7000, as president zelenskyy mentioned, residential buildings were damaged or destroyed completely. hostilities, bombing of cities by russian military forces, will continue. so the list of damages and destroyed property will only be increasing day by day. over 120,000 square miles of ukrainian territory requires mine clean. it is a huge territory. ukraine's gdp dropped by 50% to 30% this year, according to prior estimates by experts and international financial organizations. our prior analysis has
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demonstrated that direct and indirect losses because of the war amount more than 560 billion u.s. dollars. if we do not stop this war together, the losses will increase dramatically. infrastructure losses alone are already higher than $100 billion. in march of this year, more than 60% of ukrainian enterprises were stopped completely or partially full trip one of the biggest ukrainian steel producers in mariupol was almost destroyed by russian bombs. and this is just one of the hundreds of enterprises and facilities which are no longer operational after missile and air bomb strikes by russia. obviously, ukraine's efforts are not enough to come back to normal life. after such a horrible aggression from russia, it is also obvious
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that the recovery of ukraine after this war must recover global security for russia, as well as all other potential aggressors around the world, must understand that they will never be able to destroy the life of any nation. they must see that everything they destroyed will be renewed immediately and will be compensated and recover. it should be one of the safeguards from military aggression in the future. if every potential aggressor knows that the civilized world will help every nation which has become or may become a victim of war, then their motivation to start a war will be decreased. that is why the real supportive ukraine will translate into direct benefit for each of our countries for the civilized world and for global security.
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our republic and our civil institutions in ukraine have already demonstrated that president volodymyr zelenskyy and government of ukraine are ensuring the right way to move forward in ukraine's development. sustainability of our institution and capability of our state to regroup at all levels defending our nation from the russian invasion as well as stability of our financial system has proven the right track of governing ukraine, our country.
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we have mobilized and allocated all the informational resources very quickly. state budgets in march were 100% in line with the budget fund before the war. we have simplified customs, but the war is still going on. and we expect in april, the state budget will be only 50%. to balance the state budget as well as to support small and medium businesses we need additional financial resources. we finance our security and defense sector. we have a large new state program to support people who lost their job, incomes, and homes. despite all of the difficulties, our country is performing all social obligations. pensions, salaries, social payments. and it all costs about $7 billion u.s. a month for our budget. we do our best to prevent food crises and political stabilization in african countries and other regions of the world. for example, the ukrainians' share in global export is 10% in wheat, 14% in corn, and 47% in sunflower oil.
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some of those countries are especially vulnerable. for example, the egypt and food market is 100% dependent on ukrainian and russian wheat supply. despite the war and the blockades of the sea ports, ukrainian farmers continue to work. a campaign is underway and we hope to farm about 80% of the total farming area compared to last year. we create new export logistics. and this also requires additional finances. and special technological solutions. so, as you can see, the scale of the challenges is very serious in all tiers of economic and social life in ukraine. but taking into account the additional environmental risks because of the war in the
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industrial zones, food and coal mines, intervention in the chernobyl zone, then, the scope of additional support needed will increase dramatically. in a short-term perspective, we need a financial breach for up to five months with $4 billion to $5 billion per month. in a longterm perspective, we need a recovery plan for our ukraine similar to the marshall plan for europe after the second world war. according to the president of ukraine, the government of ukraine began to work on the united 24 recovery plan and established the united to 24 recovery fund. the goal of the fund is not to recover the destroyed economy but to build a new economy in ukraine which will be fully integrated into the eu. as of today, such recovery, reconstruction, and transformation will cost about
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$600 billion u.s. but first, we have to stop the war. we have to bring peace back to ukraine and put the russian federation to justice. that is why i call all of our international partners to be focused on three particular instruments. first, supplying ammunition and weapons to ukraine. as president zelinski of ukraine said -- second, we ask for more sanction pressure on russia. only this can force them to seek peace. it is clearly important, it is crucially important, to impose complete blockage of the russian sector and energy exports including oil and nuclear fuel and in the future, gas. third, financial support of ukraine. tyranny must clearly see that the democratic support will not
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leave our nation, which is fighting for freedom without support. we need all necessary financial resources, not only for defense, but for the functioning of all public and social institutions and to guarantee a return of internally displaced persons. we are in a dialogue with all who can support ukraine. we are grateful to all our international partners, to world bank, the imf, the eab, the european union, g-7 countries, other european, middle east, and asian countries for providing support to ukraine. i have sent letters to many of my colleagues and have asked them to provide 10% to support ukraine financially. for example, canada has agreed to provide one billion canadian dollars to the special administrative account created
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by the imf. thank you for this. we hope that all other partners will follow this example. the world bank also created a trust account for dollars. we call on partners to support us through the world bank account. we are grateful for loans, guarantees, and grants provided to the government of ukraine. we believe this financing will continue. while i am talking to you, russia is attacking my country to undermine the resilience of the ukrainian nation. ukrainian people have proven that they are ready to fight as much as is is needed. we will fight bravely and wisely to defend our nation and freedom of european countrymen. but to win the war, we need your support. that is why i appeal to all of you on behalf of those who fight
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for ukraine. those who work hard now for our victory and survival of ukrainian nation. i appeal to you with my request. help us protect freedom. you have all the resources needed for this. we need decisions. glory to ukraine, and thanks to you all. thank you so much. [applause] >> thank you very much, mr. prime minister. we have been honored to have you here today and you we are also honored to have the finance minister and the governor here with us, and finance ministers from many countries around the world. and we appreciate everyone's participation. i want to say a few words of thanks to all of those who have had contributed already.
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but let me repeat, on behalf of the world bank group, we have been deeply horrified and shocked by russia's invasion of ukraine. the atrocities committed against the civilian population and the loss of life and livelihoods for millions of ukrainians. the russian invasion is needlessly taking lives, injuring so many and massive damage to your economy, and we appreciate you going through some of that. we know how painful it is. war is first and foremost a human tragedy. the world bank group has completed an early assessment of the physical damage. it puts the cost in terms of buildings and infrastructure. the narrow cost at roughly $60 billion. that does not include the growing economic cost to ukraine's economy and also of course the war is ongoing so those costs are rising. ukraine's government and state
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state owned enterprises face a large nonmilitary fiscal deficit and debt burden. since the invasion, the world bank group has provided vast disbursing financial support to help provide the government provide critical services, pay wages for hospital workers, public servants, and the elderly. we have provided immediate working cap over companies providing supplies to ukraine. we have now mobilized more than $3 billion to ukraine to support the continuation of essential government services. this was made possible -- and i want to thank our grant contributions from the united states, the united kingdom, norway, denmark, austria, latvia, lithuania, iceland, and guarantees from the united kingdom, netherlands, and sweden, and parallel financing from japan. these announcements were still
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being made today, and i know many other countries are also putting money directly into the support effort for ukraine. our mechanisms are providing rapid, targeted, and secure delivery of the support to ukraine in the challenging times. the priority should be to fill ukraine's current financing needs no may -- in a way that minimizes its future debt burden. so, grant contributions will be very important. our mdtf is one mechanism that can be utilized. i would also like to acknowledge complementary approaches, including the imf's administered account. the european union solidarity trust fund. ebrd's resilience package. it will be important for all parties to continue coordinating their support for ukraine's budget needs. we are working toward three phases of the recovery effort of relief.
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recovery and resilience, and i know many around the table are working in those efforts as the war continues. we will work to build confidence in ukraine's financial, monetary, and fiscal institutions, fostering currency stability as we go forward. in the six to eight months after peace, we believe the reconstruction of essential infrastructure connectivity should be urgently addressed. then over the medium-term, reinforcing the macro fiscal capacity, rebuilding cities and households, and strengthening the agriculture and business sectors. the war has been devastating for ukraine's people and its economy, and it must end now. rebuilding will take hard work, determination, and struggle, but i remain optimistic with our
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collective support, ukraine can achieve a brighter future. with that, i want to say thank you and turn to my friend and colleague, the imf managing director, to give her remarks. >> thank you very much, david. thank you for organizing this meeting. i cannot think of a more important gathering than this one. why? because the unthinkable happened. we, again, have a war in europe. we, again, have refugees in europe. those of us who know well, european history, we are horrified for you, but we are horrified for europe and the world as well.
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after the second world war, the united nations commission for refugee was set up to help three million europeans still left displaced to go back to their homes. we have, today, over 4.5 million ukrainians outside the ukraine , and the data says at least eight million displaced internally. so, we have a duty to you and we have a duty to ourselves, and that is what makes this meeting today so important. i want to thank wholeheartedly, the minister for the time he spent with us. he is here. when we finish the meeting, i would ask you, how did you manage to come. but we are so grateful you did. i want to make four points.
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the first one is about the impact of the war on the economy. as you said, estimates are quite dreadful. ours, we published on tuesday. 40% shrinkage of the gdp this year. it is a very deep contraction that certainly causes tremendous strain on your resources. my second point is something that we have been saying from the very beginning of this war. how incredibly impressed we are by the emergency economic and financial response by the ukrainian authorities. you have acted decisively to preserve the availability of foreign exchange reserves, and reduce exchange rate uncertainty. you have supported financial stability and protected priority budget payments. and you have insured that people
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in ukraine can still access the services and the cash they need. and yes, i can vouch for its. in the midst of the invasion, these actions have helped avoid economic shocks, such as hyperinflation, and currency devaluation. my third point is the importance for this, of the financing. that some of you are providing. and i want to most sincerely salute all of the friends of ukraine for the generous support you have provided. please continue to do so. like the world bank, we have
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played our role, we have provided swiftly $1.4 billion in emergency financing. in less than two weeks after the invasion, we have established the administered account for ukraine that provides dollars with secured legal for direct financing, and i want to recognize canada, as you did, for $1 billion dispersed in this account. and this is what keep central bank foreign exchange reserves stable relative to prewar levels. and on the fiscal side, this is what supplements domestic revenues, so you don't have to go to excessive recourse to monetary financing. but as important all of this is, let's be very frank. it is not enough. why? because we have in front of us, a couple of very difficult months. hopefully the war will end.
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but holding on your functions as government, and probably a bit after it ends, will need help. reserves are under pressure, capital outflows can increase, and inflows can shrink further if your export routes for agricultural products continue to be compressed. and so, in that context, we have worked with you to ascertain what are the -- what is the short-term financial gap. there is a great deal of uncertainty, but we do assess it to be in the order of $5 billion over the next two to three months. yes, we do hope the economy can function in the part of the
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country that is not affected. we actually think you are probably going to see remittance increasing because probably smart ukrainians are working somewhere else, but they can then help families. we would really urge us to work towards this $15 billion over the next few months to make sure that you can continue to provide the vital government services. like david, i would urge us to seek as much as possible grant financing or highly concessional financing, because piling up more debt in ukraine at this moment of time is just not wise. it will have to be restructured down the road, for sure. we also have to prepare for the future. sergei talked about your dream
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for ukraine. well, we have to make this dream a reality, and this would make it more certain. you called on us to look into the possibility of blending some resources from countries that have it do not need it, decisively. our team is working on it. it is not a trivial matter, it is not easy. we will be working with you to make every effort to make use of a resource that, at this moment, in many countries, is idle. and we can deploy it at very low cost. i want to conclude with the following. we have this rare moment in
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life, when we find who we are, and this is one of these moments. thank you. [applause] >> thank you very much. i want to thank the global audience -- i want to thank the global audience who have joined us today for this important event. this now concludes the public portion of our program. and with that, i will say goodbye to those of us who are joining us online, and we will go to a closed session. thank you all very much. [captions copyright national cable satellite corp. 2022] [captioning performed by the national captioning institute, which is responsible for its caption content
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providers, giving you a front row seat to democracy. >> republican congresswoman marjorie taylor greene testified today about a challenge to her candidacy for reelection. watch tonight at 9:00 eastern on c-span, online at c-span. org, or for coverage on our free video app, c-span now. next, white house national climate advisor gina mccarthy talks about the biden administration's climate agenda. ms. mccarthy says she feels optimistic about passing climate change legislation during the second year of president biden's term. this is half an hour. mike: i'm mike allen, cofounder of axios, coming to you from axios hq. we would like to welcome you on twitter, linden, and axios.


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