House speaker pelosi, is really going to plan to navigate the demands of progressives for progress and other $3.5 trillion reconciliation first. yeah, that s right. we re in a bit of a holding pattern today, with a big chunk of senators out of town to attend the funeral of former senator mike enzi. we got to the end of the night last night there was a push to see if it would be possible for the senate to finish its work on the bill last night before the break for the day today. they weren t able to get there in part, bill haggerty of tennessee said the cbo report numbers do not add up. i don t want to do this tonight. let s delay it. the reality of the cbo report it shows a $256 billion deficit over ten years. the senators who put together this package say yep, that s right. based on what the cbo can do, but they re limited in how they do the math. the argument that the senators make is that the cbo can t
Hagerty saying it was not paid for in tennessee and chuck schumer will have a rare saturday session. tim kaine serves on the senate budget committee and foreign relations committee. you had a late night, thanks for being with us today, but i gather that there was an objection from senator hagerty to the congressional budget office that it was not fully paid for, that it would add $256 billion to the deficit, half of the overall cost of this bill. how do you answer that accusation and i guess, do you think it will still pass tomorrow night? andrea, i ll jump to the punchline, yes, it is going to pass tomorrow. as you know, senators slow it down, but this is a train that s moving and no one will stop it. we will have a number of votes on amendments, particularly republican amendments tomorrow before we get the final passage. look, with respect to the dvo
Negotiator of the infrastructure deal. senator test ter, god to see you. let me start with what you learned from an office, the cost of this and what it adds to the deficit. i m such a graded washington reporter these days, i saw dollar $256 billion after ten years, that s something change, but that is adding to the deficit. are you really comfortable with the idea of dynamic scoring to make the case that this is paid for? when i m old enough to remember when democrats were not for dynamic scoring. a lot of things that the cpo did not score, they know fully well those dollars are coming in and we have letters that indicate that s what they believe. so i think the amount of debt this creates is zero, quite
Down. and what bill hagerty is saying that he looked at the cbo score, and the numbers put out by the congressional number score, and you said, hey, this bill is going to be paid for, but this is showing that the infrastructure bill is going to add some $256 billion to the deficit, and i m not comfortable moving forward on this just yet. hagerty is not somebody who is going to ever get to yes on the underlying bill here, but he wants to do the due diligence here, and the senators recognize that is something that he is going to do, and they argue that the cbo report does not take into account the way that the economy is going to grow with the new infrastructure added all around the country, and it does not take into account things like savings and pulling back covid relief money, but you can t double dip and getcredit for money that was allocated that you are now taking back. and so what does that mean for the overall time line and the upcoming recess?
Because it works. and so do i. hydration beyond the hype. good morning. this is early start. half past the hour, time for our top stories to keep an eye on today. the biden administration is ramping up the pressure to get more people vaccinated withholding federal funds from states, think nursing homes here, just one of the early ideas being discussed now. senate leaders failing to reach a deal on quick passage of a bipartisan infrastructure deal, that sets up a key procedural vote tomorrow. the congressional budget office estimates the bill would add $256 billion to the deficit. unclear if it will scare away any senators. we re expecting some 870,000 jobs added to the economy when