Transcript: Lloyd Blankfein on "Face the Nation," May 15, 2022
CBSN
The following is a transcript of an interview with Lloyd Blankfein, senior chairman of Goldman Sachs, that aired Sunday, May 15, 2022, on "Face the Nation."
MARGARET BRENNAN: We want to return now to the economy and the financial challenges facing this country. We turn to the former CEO and current senior chairman of Goldman Sachs, Lloyd Blankfein, who joins us from Watermill, New York. Good morning to you.
More employees of the Environmental Protection Agency were informed Wednesday that their jobs appear in doubt. Senior leadership at the EPA held an all-staff meeting to tell individuals that President Trump's executive order, "Ending Radical and Wasteful Government DEI Programs and Preferencing," which was responsible for the closure of the agency's Diversity, Equity, and Inclusion office, will likely lead to the shuttering of the Office of Environmental Justice and External Civil Rights as well.
In her first hours as attorney general, Pam Bondi issued a broad slate of directives that included a Justice Department review of the prosecutions of President Trump, a reorientation of department work to focus on harsher punishments, actions punishing so-called "sanctuary" cities and an end to diversity initiatives at the department.
The quick-fire volley of tariffs between the U.S. and China in recent days has heightened global fears of a new trade war between the world's two largest economies. Yet while experts think the battle is likely to escalate, they also say the early skirmishes offer hope for an agreement on trade and other key issues that could head off a larger conflict.