About this transcript: This is a full AI-generated transcript of Meet the Press Full Episode — October 18 from NBC News, published October 19, 2026. The transcript contains 7,909 words with timestamps and was generated using Whisper AI.
"This Sunday, hard sell. With just 16 days until the midterms, President Trump barnstorms the country in a final push for Republicans as inflation rises and control of Congress hangs in the balance. That war is going to end very soon and when it does here, prices are going to come tumbling down...."
[0:00] This Sunday, hard sell. With just 16 days until the midterms, President Trump barnstorms the
[0:07] country in a final push for Republicans as inflation rises and control of Congress hangs
[0:13] in the balance. That war is going to end very soon and when it does here, prices are going to
[0:18] come tumbling down. They already are. We need to lower gas prices in this country. We need to lower
[0:23] diesel prices, but I don't think we need to be making a deal with Russia to do it. I know that
[0:26] you're struggling just to keep food on the table, a roof above your head and keep gas in
[0:30] your tank. I'll talk to Treasury Secretary Scott Besson, Democratic Senator Raphael Warnock
[0:36] and Republican Senator James Lankford, plus Steve Kornacki with our new decision desk poll
[0:42] and betrayed. President Trump suspends sweeping new sanctions against Russia just weeks after
[0:50] signing them into law as Putin continues his deadly attacks on Ukraine. We hope that president,
[0:57] his team will be on our side. I'll talk exclusively to Ukrainian President Zelensky,
[1:02] who says he feels betrayed by President Trump. Plus, Musk money. Elon Musk pours millions into
[1:10] the fight for Texas. Can his money help Republicans hold the seat? Joining me for insight and analysis
[1:16] are NBC News senior Washington correspondent Hallie Jackson, former Biden White House senior
[1:22] advisor Steve Ruschetti and Lonnie Chen, a fellow at the Hoover Institution. Welcome to Sunday.
[1:28] It's Meet the Press. From NBC News in Washington, the longest running show in television history.
[1:36] This is Meet the Press with Kristen Welkin. It's Sunday morning with just 16 days until the midterms. The
[1:45] political map is now shifting. The Cook Political Report has moved 11 more House races toward Democrats as
[1:52] Republicans face growing voter frustration over the economy. NBC News chief data analyst Steve Kornacki
[1:59] is here with me at the big board with the results of our brand new NBC News decision desk poll. Steve,
[2:05] quite a snapshot 16 days out. Yeah, Kristen, what you're seeing is the climate that's propelling the
[2:09] shifts you're talking about there. So first of all, the big picture question here, Trump's approval
[2:13] rating, our decision desk poll. Again, this is registered voters here. Bit of a wider net than you see in
[2:18] other polls out there right now. But 39 percent here, the approval rating. And again, this continues
[2:23] to be the story asking, do you approve of Trump on inflation here? Only 31 percent, 34 percent in
[2:30] Iran. He does do better when it comes to immigration. But voters saying that it's more inflation,
[2:35] it's the economy, it's cost of living. That's more front and center to them than immigration,
[2:40] than some of the other issues. And he's got very low numbers right there. Also seeing this,
[2:44] the generic ballot here, which party would you like to see control Congress? The advantage in
[2:49] this decision desk poll here for Democrats is nine points there. If you went back to Trump's first
[2:54] midterm in 2018, bad one for Republicans. It was a tick under that. So nine right now they're getting
[3:01] toward the high side for Democrats, very alarming for Republicans. And again, what's driving this?
[3:05] You're asking folks your financial situation, compare it to a year ago. How is it 44 percent saying
[3:12] worse now than a year ago? By the way, among independents, outright majority, 53 percent say
[3:18] worse now than a year ago. Again, gets to that climate here. Gas prices, two thirds here in this
[3:24] poll saying this is a serious problem, the cost of gas, the cost of fuel for them and for their family.
[3:30] This is interesting, too, I thought, Kristen, though, within what we think of as the president's base
[3:34] among Republicans in this poll. Look at the difference here. Among those who call themselves
[3:39] MAGA Republicans, his approval rating is still 93 percent. It's not bad. Among those who say,
[3:44] no, I'm more of a traditional Republican, 63. And compare this to a year ago, look at this,
[3:51] the MAGA number is not moving that much. This number is. And the other thing picking up here in
[3:56] the poll, how do you identify yourself? We're asking Republicans, do you call yourself a MAGA
[4:00] Republican or a traditional Republican? Look at how the balance has shifted. It's now 56 percent
[4:05] who say traditional Republican. Look what the number was in 2025. The majority was on the MAGA
[4:10] side. So that's shifted, too. We do say, though, end on a note of caution here, a note of uncertainty.
[4:15] We showed you that generic ballot here, but break it down this way, asking folks, well,
[4:19] you definitely vote in the midterm. There's a motivation edge here for Democrats. They lead by
[4:24] 12 on the generic ballot with definitely. That's about 80 percent of the folks in the poll. But those who
[4:29] say probably or no, and believe it or not, some folks who say no in a poll do end up voting.
[4:35] The Republicans have the advantage with those who are not sure they're going to be voting right
[4:39] now. So the more Republicans succeed in expanding the electorate there, they might be able to bring
[4:44] that generic ballot down some. Important note of caution there, Steve. Fascinating findings.
[4:49] Really appreciate your being here to break it all down. For more expert analysis on the midterms
[4:53] all season long, you can subscribe to the Data Dive with Steve Kornacki. His weekly newsletter out
[4:59] every Tuesday at mbcnews.com slash data dive. Meanwhile, on the campaign trail this weekend,
[5:05] as Americans struggle with rising prices, President Trump lashing out at those blaming
[5:11] him for the cost of living. And then they hit me with the word. They said, affordability,
[5:19] affordability. In other words, like it was my fault. I just got that. And they've been hitting me with
[5:26] that word for the last year. Every time something's a little high. Joining me now is Democratic Senator
[5:33] Raphael Warnock of Georgia. Senator Warnock, welcome back to Meet the Press. Great to be here with you.
[5:41] Well, good Sunday morning to you. Appreciate your being here. 16 days to go, Senator. I know you have
[5:47] been out on the campaign trail campaigning for Democratic candidates in deep red states,
[5:54] typically. South Carolina, Mississippi. Do you believe that Democrats can win in these states,
[6:00] or are you just trying to make these races competitive, Senator? Let's be clear. Democrats
[6:07] can absolutely win in these states. In fact, the road to a Democratic majority in both houses of
[6:14] Congress is in the South. I spent the last week moving through North Carolina, South Carolina, Georgia,
[6:22] Mississippi. When you look at these states, when you look at a state like Texas, the South will have
[6:30] an outsized role in determining who has the majority. And I worry, to be very honest, that Democrats are
[6:38] missing a real opportunity to invest in a serious and sustained way in the South. If we would just lean
[6:46] in and stay in through the election and after the election, the kind of victory you saw us achieve
[6:53] here in Georgia, it is achievable in a place like Mississippi and all across the South.
[6:59] All right. Well, we'll continue to track your travels. I want to talk about the agenda. If,
[7:04] for example, Democrats win back the House, as you know, one of the big debates is what should be at
[7:10] the top of the agenda. Should Democrats move to impeach President Trump for a third time? Where do you
[7:17] stand on this, Senator? Do you believe Democrats should impeach President Trump? Should they win back the
[7:23] House of Representatives? Listen, Donald Trump is a crook and he's got to go. And the people who are
[7:30] enabling him, they all have to be held accountable. And so we ought to have the investigations to get
[7:36] to the truth behind the most corrupt administration in American history. At the same time, we have to walk
[7:44] and chew gum. At the same time, Americans are being crushed under these costs, which are connected to
[7:49] his corruption. And so we have to end this war, stop the tariffs, fix health care, and then lay out for
[7:56] the American people a vision that embraces all of us. Well, on that debate, as you know, there are some
[8:02] of your Democratic colleagues, Senator Brian Schatz, Tammy Duckworth, who are worried that impeachment
[8:07] could actually backfire. Do you believe that impeachment would backfire against Democrats, Senator?
[8:13] Listen, I can tell you that this corruption is crushing the American people. The American people
[8:23] are watching themselves get poorer and poorer, while Donald Trump, his family, his friends are
[8:30] getting richer and richer. He's $4 billion richer than he was when he entered office. And meanwhile,
[8:37] people are crushed under these gas prices, crushed under the price of groceries. I noticed in your earlier
[8:45] sound there he was saying they hit him with affordability. This is the problem with Donald
[8:50] Trump. It's always about Donald Trump. He's the one being hit. Well, he should talk to my constituents.
[8:55] They're being hit by his awful policies. I can't think of a time in my lifetime when you could draw
[9:02] such a straight line between the policies in the White House and the economic pain that people are
[9:10] feeling in their houses. And so we have to deal with the costs and we have to deal with the corruption
[9:15] and the American people deserve no less.
[9:18] I know you're headed to Michigan next week. There's a big Senate race there between Abdul Al-Sayed
[9:24] and Mike Rogers. Al-Sayed's primary challenger, Haley Stevens, who of course lost to Al-Sayed,
[9:33] did carry Michigan counties with large black population. She said this, she said that Rogers, quote,
[9:38] is working the black community harder and more successfully than we have ever seen a Republican
[9:45] do, or at least that I can remember ever. Senator, what do you think Al-Sayed needs to do in order to win
[9:51] over black voters?
[9:55] Listen, black voters are suffering like all of our voters, like the American people in general.
[10:02] It is in our best interest to make sure that Abdul Al-Sayed wins this election. We are witnessing
[10:08] a president, Donald Trump, along with his henchmen and the extreme court, gerrymander black voters,
[10:17] especially in the South. Michigan voters have a role to play in that because they are trying to
[10:25] diminish our voices. And so I'll be in Michigan this week campaigning. We've got to turn out our
[10:32] whole coalition.
[10:33] Okay. Let me ask you, because your friend, your colleague, your fellow Georgia Senator John Ossoff
[10:40] made a little bit of news this week. He said he has zero interest in running for president.
[10:47] Senator, do you rule out a run for president in 2028?
[10:53] Be very clear. I am sharply focused on the midterm elections. This is a deeply consequential
[11:00] election. We've got to put some guardrails on this president. And John Ossoff and I are aligned
[11:06] on this issue. There's nothing more important than defeating his pathetic opponent, Mike Collins.
[11:14] We've got to win victories in the House and the Senate. And I remain sharply focused on that.
[11:19] All right. I don't hear you ruling it out. I'll have you back to discuss it further.
[11:24] Thank you so much, Senator Raphael Warnock. Really appreciate it.
[11:28] Good to be here with you. Good to have you this Sunday. And joining me now is Republican
[11:33] Senator James Lankford of Oklahoma. Senator Lankford, welcome back to Meet the Press.
[11:40] Good Sunday morning to you. Good Sunday morning to you. Thank you for being here. I want to start
[11:44] with the midterm elections. This month, we heard North Carolina Republican Senator Tom Tillis predict,
[11:51] quote, an electoral bloodbath for your party in November. Senator, do you believe Republicans are
[11:58] going to hold on to the Senate? I do, actually. Let's let everybody vote. We've got two and a half
[12:05] weeks at this point. There's all kinds of predictions and polls and everything that are out there. But
[12:09] let's everybody vote right now. What gives you your confidence they're going to hold on to the Senate
[12:14] when you have these close races in Texas, Michigan? The list goes on and on.
[12:21] So if I go back to, let's say, two years ago at this same time period, NBC News polls, I just heard the
[12:28] great report from Steve Gronacki. There'd be a walkthrough. But NBC News reported two years ago
[12:32] that Kamala Harris was up by five points in late September, that Dave McCormick was going to lose
[12:38] and that Democrats were going to win the House. None of those things actually occurred. This is that
[12:44] wonderful time that Americans experience right before an election where everybody's talking about
[12:48] what might happen. Only God knows what actually will happen. But every single voter needs to show up
[12:54] to actually vote. Elections are about who actually shows up and votes. Polls are about what Americans
[12:59] feel. But the actual elections are about what Americans feel that actually vote. So those
[13:05] Americans that show up and vote, they actually determine the outcome. All right. Well, I want
[13:08] to turn to Ukraine. President Trump, as you know, made some headlines. He waived part of the newly
[13:14] passed Lindsey Graham Sanctions Act against Russia this week. Your colleague, John Cornyn, said
[13:20] the late Senator Graham would be, quote, appalled. Senator, you urged Congress to pass this law
[13:27] in Senator Graham's memory. Do you agree with President Trump's decision to lift these sanctions?
[13:33] So the president has the has the ability under the statute to be able to look at national
[13:39] interest. And he came back and he said, our gas prices are very high right now. The sanctions are
[13:43] specifically targeted on energy. He's trying to walk this fine balance between trying to be able to put
[13:48] pressure on Russia, but also to be able to help the American people. So he is choosing the American
[13:53] people first is what he's doing. And if anyone's shocked that the America that this president's
[13:58] focused on American voters first, they should have listened to him the last several years. He is very
[14:04] focused on that. But at the same time, the president is sharing intelligence information with the
[14:10] Ukrainians. He is providing weapons systems to the Ukrainians. He's put other sanctions on Russian
[14:16] oil companies. So the pressure is on Russia from this president. So any belief that President Trump
[14:22] is aligning with President Putin is not true. He's trying to get both of them to the table, but he
[14:26] is definitely providing continual support to the Ukrainians. Well, I guess the question is how much
[14:30] pressure is he putting on Russia? I want to read part of a statement you made in 2022, just weeks
[14:36] after the Russian invasion. You said during this moment of crisis, the United States should work to
[14:40] dramatically ramp up energy production to strengthen our allies and to cut off the flow of money into
[14:46] Putin's war machine. Russia's economy is heavily dependent on energy sales. We should make sure
[14:52] that immediately dries up. To borrow your words, is the U.S. flowing money to Putin's war machine?
[14:59] So we do not need to buy any of Putin's oil. In fact, that 2022 law that I strongly supported
[15:07] prevented any purchase of Russian oil coming into the United States until there is peace between
[15:14] Ukraine and Russia. So that that law still holds true on it. But at the same time, we've got to
[15:20] focus on what we can do to put pressure on Russia to get to the table as well as Ukraine. As you know,
[15:26] I'm a big believer in trying to be able to produce more American energy. I said that in that quote 2022.
[15:31] I believe it now. The challenge that we have on prices right now is the three top producers in the
[15:36] world for diesel is the United States, is Russia, and what happens in the Gulf region. Those are the
[15:42] three top regions. We've got wars in two of those. And my Democratic colleagues are doing everything
[15:47] they can to shut down production in the United States of diesel. Just in the past year, California
[15:53] has closed two diesel refineries, which is dramatically increasing the prices of diesel,
[15:59] the price of diesel in California, but also affecting the quantities across the entire country. So while
[16:04] President Trump is trying to increase the availability of diesel, Democrats are complaining
[16:09] about high prices while at the same time trying to be able to shut down refineries. So we need to be
[16:14] able to have our own refineries here in the United States. That's a big issue for us to be able to make
[16:19] sure we can provide our American security and not have Democrats actually shutting down refineries here
[16:24] and then blaming Republicans for actually high prices. Senator, while that may be true, I mean,
[16:28] we do have to acknowledge that prices went up after the president started that war with Iran.
[16:34] People are seeing that at the gas pump as well. But let me ask you, President Trump said this week
[16:39] he finds President Zelensky more difficult to deal with than President Putin. He did strike that oil
[16:44] deal with President Putin. Do you think with these moves, the president is siding with Putin? How do you
[16:50] answer those who say that? No, pretty clear the president's siding with the free people of Ukraine.
[16:57] That is our ally. Again, he's providing intelligence. He's put sanctions on Russian
[17:01] oil companies. He continue to provide weapons to Ukraine. Senator, respectfully, Ukraine doesn't
[17:08] feel that way necessarily. And President Zelensky has been pretty clear he disagrees with these moves
[17:13] by President Trump. Sure. Sure. President Trump is trying to get both sides of the table to be able
[17:20] to negotiate. Russia is clearly the aggressor here. They're clearly attacking the power grid for the
[17:27] Ukrainians trying to freeze them out this winter. But you can ask President Zelensky how many billions
[17:31] of dollars the American people have put in to be able to help him through this time period and what
[17:36] we have done to provide intelligence and other things. I understand that they don't always agree
[17:41] every day on everything, but it's clear we have been providing aid to them the last five years.
[17:46] We'll continue to do that. All right. Senator James Lankford, thank you so very much for joining us.
[17:51] We really appreciate it. You bet. Glad to do it. Keep praying for the nation.
[17:56] Thank you, Senator. And when we come back, my interview with the President of Ukraine,
[18:01] Volodymyr Zelenskyy. Welcome back. And joining me now is the President of Ukraine,
[18:16] Volodymyr Zelenskyy. President Zelenskyy, welcome back to Meet the Press.
[18:23] Thanks so much. Hello. Good morning.
[18:26] What are the implications of President Trump waiving sanctions for Russia? What's the impact?
[18:33] Strengthening Putin's war against us because he feels success. He doesn't have any kind of success on the
[18:50] battlefield, especially this year, 2026. He lost opportunities on the battlefield and all his
[19:00] operations he lost. So we're not successful. And because of our army and they've been very strong,
[19:10] our soldiers have been very strong this year. Then we really try to build air defense shield to defend
[19:19] our civilians, but always big deficit with Patriot missiles and other kind of air defense. But in any
[19:26] way, it's understandable that we have something, we have support of Americans, have support from Europeans. But
[19:36] now I think that this, you know, this, it's really big support for Putin. He feels victory with sanctions. And this
[19:50] is a little deal. And then Starlink between us. And we have to be very honest. So we're always thankful by partisan
[20:00] support. But with Starlink, it's not the support. Really, it's, I mean, this for today, it's more supportive for
[20:07] Russian aggression, especially for their strikes against our civilians, against our energy projects. And we're afraid that the question of Russian
[20:17] gas will be erased. And, and also, and also the question of all frozen assets. And that's why we say that it's
[20:26] very dangerous. This diesel deal is very dangerous. It doesn't have influence on the real influence on the
[20:32] price in the United States. We understand that the price is because of blocking of Ormus, straight of Ormus.
[20:41] I do want to talk about Starlink, which is Elon Musk's satellite internet network, with a military version called
[20:49] Starshield. Who do you think specifically is to blame for the disruptions to the Starlink and the
[20:56] Starshield services? Do you think it was a deliberate interruption?
[21:00] No, no, of course, the message came from government. I don't know from whom, what cabinets and et cetera.
[21:11] And I think it doesn't work either way. But I don't know, really. But we think, oh, it's not my
[21:18] opinion. It's opinion of our generals, of our government. And of course, my also opinion,
[21:24] the same, that it was the message from American government, government to limit this pit. And
[21:30] technically, SpaceX did it. And has the system been fully restored? What's the status right now,
[21:39] President Zelensky? No, no, not of course. We have a limitation. The speed is maximum 161 kilometers.
[21:51] Let me ask you, because there are reports that the US has cut off intelligence sharing with Ukraine.
[21:58] Is that accurate? Has the United States cut off intelligence sharing with Ukraine?
[22:02] It was blocked for some period of time. And then it was de-blocked by American side. We are very
[22:14] thankful for this. Now it works. Yeah. And now it works. Yeah. How long was it blocked? And what were
[22:23] the implications of US intelligence sharing being blocked from your perspective, President Zelensky?
[22:30] So we didn't, we didn't, we didn't see attacks of Russia using ballistic missiles. Other information
[22:44] we've got from other intelligence, from Europeans and other partners, we have dozens of countries who
[22:51] help, but only United States has this unique intelligence to say, to tell us, to tell our side,
[23:00] when Russia uses ballistic missiles. And we didn't get it during, during ballistic attacks during three
[23:10] days. Okay. Let me ask you big picture about your relationship with President Trump. He has made a
[23:19] number of recent statements about you and your relationship. I want to play some of what he has
[23:26] said and get your reaction on the other side. Take a listen. No, I'm not a, I'm not a big fan
[23:32] of Zelensky. I find Zelensky to be more difficult to deal with than Putin. The president says you are
[23:38] more difficult to deal with than Putin. What is your reaction to that? Um, I'm very honest with, uh,
[23:53] with the president of the United States and very clear and very supportive America because we are
[24:01] strategic partners. This is the kind of relations I understand and I respect, but I can't applause any
[24:10] decisions or any words of one or another leader. If they go against Ukraine, if they are support,
[24:19] supported for Russia and directly for Putin, he's a killer. That's why I'm very honest and open to say
[24:26] that he's a killer. And that's why maybe it's not, uh, maybe it's not very polite and maybe not the
[24:36] things what president of the United States waits from me, but I'm better to have partners who are
[24:45] very open and clear than to have those who are killers even with a smile on their face. Do you trust
[24:52] President Trump? Of course we trust America. We trust, uh, bipartisan support and we trust president
[25:03] of the United States. We, we want to trust him and I hope that he will change his, uh, decisions
[25:14] because I think that it's, it's all, uh, mistakes and it will not help us and it will not help United
[25:21] States. I'm sure. But I mean, it's, it's not my choice and I hope that he will change, uh, change his
[25:29] decisions, change his attitude to Putin. We waited from the very beginning of his presidential term that
[25:37] he will change his attitude to Putin. For us it's important and essential, absolutely. People, I mean,
[25:47] the people want to, to forget what's going on, but we can't give this possibility to forget or to change
[25:54] reality or to change the truth. We never, and it's not, we can't compare with Russia. We can't compare
[26:04] me and Putin. He's aggressor. He's occupied, he occupied us. He killed adults and children,
[26:12] he's soldiers. He's a terrorist. And that's why I hope that president Trump will be very clear with
[26:19] this position. I hope so. Do you still believe president Trump is an ally of the United of
[26:26] Ukraine? I hope so. I hope so. Yeah. Can Ukraine win this war without the United States? President
[26:39] Zelensky? Very difficult. You know, it's, I mean, this, it's, it's all about losses. It's true.
[26:52] It's not about prevail or not prevail. It's all about, it's about our people. If it's without
[27:01] United States support, it's very difficult. But if United States will support Putin, I mean,
[27:09] it's unbelievable. It's tragedy. It's historic mistake and big tragedy. That's why I think that,
[27:18] I don't want to, to, to live in illusions, but I think that we have to be pragmatic. If United States
[27:24] will take officially, will take the side of Russia, of course, if these two countries will be together,
[27:31] of course, of course, we will not prevail and we will not be able to stand. It's understandable.
[27:38] That's why we hope that president, his team will be on our side minimum in, in the middle.
[27:45] All right. President Zelensky, thank you so very much for your time today. We really appreciate it.
[27:54] And you can watch our full interview at meetthepress.com. When we come back,
[27:58] Treasury Secretary Scott Besson joins me next. Welcome back. Joining me now is Treasury Secretary
[28:08] Scott Besson. Secretary Besson, welcome back to Meet the Press.
[28:11] Chris, good to be with you. It's great to have you back. Let's start on inflation. These new inflation
[28:16] numbers we got this week. Consumer prices rose in September at the fastest pace in five months to 3.7%.
[28:24] Are the president's policies driving up inflation? Kristen, we have an energy shock. And if you
[28:31] look underneath the hood in the numbers, the core inflation has been very flat before this month.
[28:38] It had been down for four months in a row. So core inflation is down. The food is below the Fed's
[28:44] targets. The prescription drugs have had the biggest decrease in history. Rents are down.
[28:51] So this is an energy shock. We will get to the other side of the Iran conflict. And those prices
[28:56] will come down. Well, core inflation doesn't take energy, for example, into account or food
[29:02] into account. And in fact, the price of gas is up 44%, Mr. Secretary, since the start of the war with
[29:09] Iran, what do you say to voters right now who say they are struggling and they want change?
[29:15] Well, why don't we revisit the Biden era policies where the American people got smoked? 21.5% inflation
[29:24] and only about 17% wage increases. Since President Trump has started,
[29:28] the American people have gotten real wage increases, 1.5%. We're not satisfied with that. But as I said,
[29:35] you know, we're getting these wage increases through our economic policies and the wage increases
[29:41] are going to be persistent. We will get to the other side of the Iran conflict. And I believe that the
[29:46] energy markets are going to be better supplied than they were. I hear you blaming President Biden,
[29:50] but President Trump has been in office now for 636 days. That's about a year and a half. And
[29:56] inflation was at 3% when he took office. It's 3.7% now. At what point does the administration
[30:02] take responsibility for the economy and say this is the Trump economy? Well, we will own the economy.
[30:08] We have so far this year, we've got a million private sector jobs. We've never had this many
[30:13] people working in the U.S. The net worth of American households are the highest that it's ever been.
[30:19] So, Kristen, let's be clear here. This is an energy supply side shock. We will get to the other side of
[30:26] this. This is one factor. Even President Trump has said this is his economy. Let me ask you,
[30:31] though, you are Treasury Secretary. Do you anticipate gas prices will come down by the new year?
[30:38] Well, again, it will depend on what happens with the Iran conflict.
[30:42] OK, let's talk about the war with Ukraine now. President Trump signed an executive order waiving
[30:47] sanctions against Russia. I just talked about this with President Zelensky, who tells me this move
[30:54] is a big support for Putin. Why is the president rewarding a dictator who invaded Ukraine?
[31:00] President Trump has made it clear he wants the killing to stop. And the so-called grand bill
[31:07] gives the president the flexibility, gives him 60 days to assess the situation. And, Kristen,
[31:13] let's look what's really happening here, that the Europeans have given Russia and Vladimir Putin more
[31:21] money than they've given the Ukrainians. They continue to gorge on Russian energy. There is a facility
[31:28] called the Amal facility. In the first six months of the year, there were 140 cargoes that left. 136 of
[31:35] those went to Europe, to Belgium, to Spain, to France, to the Netherlands. Over $8 billion. So,
[31:42] we have asked, in the spring, I asked our European allies to join us in putting secondary tariffs on
[31:51] China, on India. They refused. So, why should the U.S. bear the burden? So, President Trump,
[31:57] perhaps we will be in contact with our European partners. Why should the U.S. go it alone, Kristen?
[32:03] Well, I guess the question is, what role should the U.S. play? During your confirmation hearing in January of
[32:08] 2025, you described the war in Ukraine as one of the greatest tragedies in your life,
[32:14] and you had this criticism about the Biden administration's approach to sanctions at the
[32:19] time. Take a listen. I believe that the sanctions were not fulsome enough. I believe that we,
[32:31] I believe that the previous administration was worried about raising U.S. energy prices
[32:38] during an election season. Is President Trump doing what you accused President Biden of doing?
[32:44] First of all, Kristen, the sanctions were doubled. The Biden administration, in an act of incredible
[32:50] bravery, doubled the sanctions on the way out in January of 2025. So, but we did not take those down.
[32:58] President Trump sanctioned the two largest Russian energy companies, Rosneft and Lukoil,
[33:04] the which dealt a catastrophic blow to the Russian energy industry. So, no one has been tougher on
[33:11] Russian sanctions than President Trump. But you there are pushing for even tougher sanctions.
[33:17] Kristen, we did tougher. We did the toughest sanctions. Okay, but why lift them now? What has Putin
[33:23] done to deserve sanctions relief now? That's my question. That's not true. No sanctions were lifted on
[33:29] Friday. No sanctions were lifted. There was a law that was supposed to put more sanctions in place,
[33:34] and the president effectively waived that. No sanctions were lifted. Will they be lifted?
[33:39] There is a, there is a 60-day period, so we can examine what's going on. The only thing that has
[33:46] been lifted is the diesel embargo. And, you know, I will point out, the UK, in May,
[33:55] waived their embargo on diesel and jet fuel made with Russian crude. So, you know, where's the
[34:03] outrage for the rest of the world? You know, President Zelensky does not criticize his European
[34:08] partners. He seemed a bit disassembled in that interview. The Europeans are financing the Russian
[34:13] war machine. The U.S. imports $4 billion of Russian products, $1.8 billion, and that is fertilizer.
[34:22] The Europeans, they import more than 10 times that. You know, speaking of President Zelensky,
[34:28] he says Ukraine will not prevail if the United States sides with Russia. A number of Republican
[34:33] senators have said that's what this move does. Is the president siding with Russia here? No. Again,
[34:39] that's a false binary. What does the U.S. provide? The U.S. provides intelligence, the Starlink. And
[34:47] the, we provide, we allow the NATO to buy U.S. armaments and resell them to Ukraine. You know,
[34:58] when President Zelensky asked for patriots, NATO, the European members of NATO, they have plenty of
[35:04] patriots. Why aren't they forthcoming with the patriots? Where's Germany giving the Ukrainians
[35:09] patriots? You bring up Starlink. President Zelensky just discussed Starlink. I'd like to have you
[35:15] respond. Ukraine relies on Starlink, Elon Musk's satellite network, just for our viewers to defend
[35:21] against Russian drones. President Zelensky just said he believes the U.S. government slowed the speed.
[35:27] Now, President Trump said he had nothing to do with it. But can you definitively say no one in the
[35:32] Trump administration ordered restrictions? President Trump and Secretary Rubio have
[35:38] categorically said that no one on the Trump administration did that. And I think it is
[35:43] very reckless for President Zelensky to make such a charge. How did it get slowed down?
[35:49] How were these disruptions caused? Because President Zelensky also said there was a
[35:53] break in intel sharing as well. Why did that happen? Again, I don't know anything about that,
[35:59] but we've been very clear. And President Zelensky should be very careful about making statements
[36:05] like this that aren't true. Bottom line, Mr. Secretary, is Ukraine an ally of the United States?
[36:13] President Trump has made it clear that he wants to end this war, that it must stop. And President
[36:19] Zelensky presented a false binary this morning that Ukraine must win, the war must end. And that will
[36:29] be with some kind of a negotiated settlement. And President Trump is working on that every day.
[36:34] He's done it since he came into office. And just to the core question, though,
[36:37] does the United States see Ukraine as an ally? Again, that we provide the three different things
[36:47] to Ukraine. So that's what you do for an ally. We're not for Russia. So does that mean the United
[36:54] States sees Ukraine as an ally? Can you say one way or another? Again, I'm not the Secretary of State.
[36:59] I'm not the president. Okay. All right. Treasury Secretary Scott Besson, thank you so very much.
[37:06] Appreciate your being here. When we come back with just 16 days to go, the battle for Congress is
[37:12] shifting toward Democrats. The panel is next. Elon Musk is pouring millions into the fight for Texas.
[37:22] Will it help Republicans? The panel is next. Welcome back. The panel is here. NBC News senior
[37:33] Washington correspondent, Hallie Jackson, Steve Frischetti, former counselor to President Biden,
[37:38] and Lonnie Chen, a fellow at the Hoover Institution. Welcome to all of you, Hallie Jackson. You're just
[37:44] back from the campaign trail. How fun is that? So fun, because we can't wait to hear what everyone
[37:49] said to you on the ground. And it comes as the Cook Political Report is moving 11 more races
[37:54] in Democrats' direction. What do voters say to you while you were out on the trail? What were your
[37:58] takeaways? And what's interesting about the Cook piece of it is that they specifically cited some
[38:01] of these Midwestern states. I was in Iowa, Nebraska, and Kansas. Got to spend some time out there. And
[38:05] granted, listen, it's anecdotal. We get it. But I look at the conversation you and Steve Kornacki had at
[38:09] the top of the show. It really is about the economy and affordability. We went out, you'll see this
[38:14] piece coming up on Nightly. But in a word, describe the economy. Overwhelmingly, people felt negatively
[38:20] about it. And here's one interesting thread, sort of something that we saw commonly in these three
[38:25] states. It wasn't that people were saying, I'm about to lose my home. It was, I'm one repair away from
[38:31] having that happen. I can't fix my car. I mean, people are saying, I heard a lot. I'm doing okay, but I know a lot of
[38:38] people who are struggling, and I'm so close to the edge. And I thought there were two people who were really
[38:42] instructive in this. I met them both in Kansas. Both of them, traditional Republicans, have voted Republican.
[38:48] One man voted for Trump three times. He says, I can't bring myself to vote for Roger Marshall right now. He's not
[38:53] going to vote for Adam Hamilton. He says he's not going to get there. That's entirely on the table. And this is the
[38:57] kind of voter that Republicans need to show up in some of these places, in a place like Kansas. Another woman runs a
[39:02] food pantry. She's paying more for it. She said her cans are ravioli, right? 50 cents more to try to bring it in for
[39:08] these food pantry people that need help. And there's more people who need help. Again,
[39:12] traditionally a red voter. And she also doesn't know what she's going to do coming up in two. It's
[39:17] real undecided about this. Those are the voters who are going to make all of the difference, Lonnie
[39:21] Chen, in places like Kansas, in places like Texas, quite frankly, where you're dealing with the
[39:25] headwinds that President Trump has. You're also dealing with the quality of the candidate. Ken
[39:30] Paxton has his own headwinds. And it comes as this week, Elon Musk donated a staggering $158 million
[39:36] to PAC supporting Ken Paxton. The race in Texas has surpassed $500 million in combined ad spending,
[39:44] the second non-presidential race to pass that threshold. What do you make of the state of play
[39:50] there, particularly when you take into account what Hallie learned on the road?
[39:54] Well, I think, first of all, the money from Elon Musk and from the pro-Trump super PACs,
[39:58] that has definitely equalized the spending in Texas. That has brought us into a situation where it
[40:03] will be a competitive race. I do think it's the case money has diminishing returns, though.
[40:07] At some point, voters do kind of check out. They've seen enough ads. They get sick of it.
[40:12] So I do think we're reaching that point pretty soon. With respect to Texas, I mean, look,
[40:16] you have to start with the baseline here. President Trump won the state of Texas last time around,
[40:20] you know, 14 points-ish. And so you have to believe that there's enough sort of stuff working
[40:27] against gravity there to make James Tallarico really, really competitive and potentially beating
[40:32] Ken Paxton. There are a lot of things about Ken Paxton's candidacy that have been troubling,
[40:37] whether it's his own personal issues. Some of that background certainly is there.
[40:40] But I think if you look at the performance of Paxton in his last few races, 2022, when he ran for
[40:45] attorney general, a lot of this stuff was swirling around him already. He actually outperformed Ted
[40:51] Cruz in 2018 when Ted Cruz ran in that cycle against Beto O'Rourke. So I just think what we have to
[40:56] understand is that there are some parts of Texas where I think Ken Paxton is going to do really,
[41:00] really well. He's going to do better, in fact, probably than other Senate candidates have done.
[41:04] Southeast Texas, the South Plains, the Panhandle. Now, I get it. There's been migration into Texas.
[41:09] The population has changed. But I just think that the fundamentals in Texas still favor Ken Paxton.
[41:16] And I do think when all the votes are counted, Paxton is going to be the next senator from Texas.
[41:20] Steve Verschetti, what do you make of that?
[41:21] I don't know. Number one, I think Musk can spend it all. Even Elon Musk can spend it all at this point.
[41:27] And it's not going to cover up what people are feeling about the economy. Steve presented the data
[41:32] this morning. And I think it's really overwhelming. The generic ballot is at plus nine for Democrats
[41:41] right now. I think it's an enormously difficult environment. The six months of inflation numbers
[41:48] have underscored what people are feeling, Hallie, just like you described, what they're feeling in
[41:54] their lives. It's gas prices, it's groceries, it's health care, and it's housing. And those costs
[42:01] are making the arithmetic of life too difficult for everyday people. And they're not going to be
[42:08] persuaded by an obtuse ad about something else that Musk or even the Republican Party want to drive
[42:18] as a message. It's not working.
[42:19] Well, it's really visceral for people. I mean, this is stuff that people feel on a really personal
[42:22] level. And I'll say, I've spoken with some, even just this weekend, some Republican operatives who
[42:26] were like, hey, of all the bazillions of dollars that are getting spent on some of these races,
[42:30] Republicans may not be doing enough in some of these key spots to focus on what they've done
[42:34] positively for the economy. I think the war against Iran is huge. That guy I told you about that I
[42:38] talked to said he contacted Senator Marshall's office about the war. He was so frustrated with it
[42:42] and what it's done to his gas prices.
[42:43] Hallie, I'll say this. And we talked about this on Labor Day when you had Senator Kennedy for his
[42:47] interview. And he said, you know, our problem is, this is a Republican senator from Louisiana,
[42:51] our problem is we haven't done anything to address the things that people are really concerned
[42:56] about. He said that on air with you.
[42:57] Lonnie, the word visceral, I think, captures why this is such an extraordinary environment.
[43:04] When you go to fill up your gas, when that gas is above $4 a gallon, you heard me ask the
[43:07] Treasury Secretary, when's it going to come down? That's something that people are dealing
[43:11] with every single week.
[43:13] Well, look, that is the single best proof point for why it is that some of these states like
[43:18] Iowa, like Ohio, where, by the way, the president did just almost just as well in those states
[43:23] as he did in Texas in 2024. And that's why in places like Iowa is going to be an incredibly
[43:29] close race. And that is because of the state of the economy, tariffs, which we haven't talked
[43:32] much about, the situation with Canada. All of that factors into what makes this a race,
[43:37] because you cannot tell people how to feel about the economy.
[43:40] Well, Hallie, yeah, exactly right. And I guess all of this comes as we're now getting all
[43:45] of this new news about Russia and Ukraine, the president basically pausing those waivers.
[43:49] I wonder when you're on the ground. One Republican strategist said to me, this is a
[43:55] distraction for candidates. They don't want to have to answer these questions.
[43:58] And some of them are having to answer some of these questions. And by the way, what an
[44:01] interview with the Treasury Secretary that you've conducted here. And I do think, you
[44:06] know, I didn't hear the word tariffs in dozens of conversations. You didn't hear the word
[44:10] tariffs, but you hear all about the downstream impacts of what those tariffs had done.
[44:13] And I do think that the people who are working on some of these campaigns and talking with
[44:17] folks across multiple campaigns, they understand that. They understand that they've got to figure
[44:21] out a way to come across as feeling the pain of the people that they're looking to represent.
[44:27] But in the case of some of these Republicans, it's the war that has made these prices go up.
[44:31] And there's not a great answer for that.
[44:32] Yeah, it's not. And it's exactly what Hallie just said. Tariffs and the war in Iran are directly
[44:40] responsible. A concrete example of why prices are up. We've seen it in the last six months.
[44:45] There's no getting around that. And because of that, people are holding the people responsible
[44:50] for that accountable. And that's why you're seeing the numbers that we're seeing.
[44:54] Well, I thought it was interesting, Lonnie Chen, because you heard Secretary Besson basically say,
[44:58] look, you have to go back to the Biden administration. We're hearing that from President
[45:02] Trump on the campaign trail as well, who still says he gets an A-plus for handling on the economy.
[45:06] Does that work, do you think? We are in the home stretch here.
[45:11] Yeah. Look, there are very few things, I think, that will change the fundamental dynamics of this
[45:15] race. And again, it's hard to convince people the economy is good when they don't think the
[45:20] economy is good, right? I mean, you can make all the arguments you want about where the numbers are
[45:24] and what things are happening around the economy around them. But the reality is people are going
[45:28] to vote their pocketbooks in this election. President Biden tried to make that. People
[45:30] are going to vote their pocketbooks. Yes. And the numbers, by the way, were different then.
[45:33] That's right. It's almost counterproductive, I think, sometimes when you try to tell people,
[45:37] look, it's not so bad. You know, where the whole concept that maybe you need to pick another
[45:41] protein to eat instead, right? I mean, that's a tough argument to make. And so I think that's
[45:45] where we are. There just aren't very many things that are going to alter the fundamentals of the
[45:49] election, which is why I think the House is going to be a very, very difficult push for Republicans.
[45:53] Steve, do you think so? I mean, are Democrats feeling emboldened about the House? Could
[45:56] they be overly confident? I'll tell you that they're going to avoid that. We're going to run
[46:00] through the tape. Democratic candidates all over the country. Nobody feels comfortable until it's
[46:04] election day and two days beyond after all the votes are counted. We just are going to play this
[46:11] out. I think the environment is the environment. No amount of spending from whatever PAC source is
[46:18] driving it into the elections are going to change that dynamic. People know what they're experiencing and
[46:25] what they feel. Yeah. And they're going to vote to make sure that people who failed to address the
[46:31] things that they believe were front and center and on the table, they're going to hold them
[46:37] responsible. Hallie, with the final 20 seconds, I mean, did you feel that uncertainty on the trail
[46:42] that no one was overly confident? Oh, I did. I mean, I think that people, you know, folks try to spin
[46:47] on either side, but I do think there's a real sense. The question is, Steve, you're talking, and I think
[46:51] if these voters turn out, I mean, that's such another, that's another huge question here is
[46:55] are people going to feel so frustrated that they just go, I'm good. I'm staying home this time.
[46:59] I talked to one guy who said a con was the biggest issue. He's furious. He's furious about gas.
[47:03] He's not voting. One of the big questions we'll be watching. Great conversation. Thank you so much.
[47:07] That is all for today. Thank you for watching. We'll be back next week because if it's Sunday,
[47:11] it's Meet the Press.