neil: what the heck does anything having to do with cryptocurrency have to do with infrastructure? the idea this is a pay for. it raises about $28 billion in revenue, something that they re very concerned about when they got this report back from the cbo saying it put them in the hole to the tune of $256 billion and knowing they will have a bigger bill, the democrats are, 3.5 trillion dollar infrastructure bill. all about the math. i often talk about the math on the vote count, this is the math on the ledger. neil: all right. i understand that now. ted, thank you very much, following these procedures pan capitol hill. senator braun, where are you on this? for me, neil, it s easy. when i look at the process how this all happens in the first place, the chronic deficits we have, i believe infrastructure, along with defense are two things we ought to do here and do it in a sensible fashion.
last-minute objections may leave lawmakers stranded into their august recess. lauren blanchard joins us. in an hour and a half, a procedural vote to break the filibuster. that will allow senators to move forward on the bipartisan infrastructure bill. at least 10 republicans need to join democrats to pass the bill. the labor department announcing 943,000 jobs are added in july. the unemployment rate fell to 5.4%, both numbers beating expectations and giving some republicans a reason to criticize the bill saying out-of-control spending will send inflation soaring. it is irresponsible and i urge every senator to say enough is enough. the congressional budget office estimates $256 billion will be added to the deficit.
office revealed to us. to forge a deal then. you ve been trying to vote on amendments all day, but encountered numerous objections from the other side. the bill adds $256 billion to the deficit, but some g.o.p. members will vote yes. i m very comfortable with the an asset infrastructure has the movement of goods and services in our economy, it s an asset that returns value to our economy and ultimately to the taxpayers. now, you need 60 votes to crack a filibuster and there s behind the scenes fighting about provisions in the bill to raise revenue from cryptocurrency and they want to beef up for crypto. there s a voting on crypto amendments today. if they stumble, the bill is in trouble, but if the senate clears the procedural hurdles, back to you, neil.
financing the bill. the digital-currency lobby objected to language that this would have expanded the tax burden on certain intermediaries. but it s not just these technical amendments holding up the bill. the nonpartisan congressional budget office came out with an estimate, on thursday, which projected that the deal would balloon the deficit by 256 billion over a decade. that contradicts the claim which was always suspect and relied on some kind of creative accounting to suggest that this bill would be revenue neutral and fully costed. so that may also be giving some republican budget hawks some cold feet. but all in all, i think this is just something they have to work through and that will get through in the senate. speaking of republicans, it will need votes from at least ten of them to pass. so, why would they vote for this? sending a big win to biden and the democrats. and what kind of backlash could they face from their voters, back home? and we have to remember, donald trump
including about $550 billion in new spending for things like roads, bridges, public transport. also, broadband, as a matter of fact. but at this stage there is a possibility of a snag as there always is. one of the snags, of course, is that if all democrats come along on this bill, they ll still need 10 republican votes in order to get to the point where they will actually take up this bill and tee bait it. one of the other big problems, of course, is the trump people here on capitol hill. many supporters of the former president have been opposed to this bill. they say spending is the problem. the price tag is a little bit too high. $256 billion in deficit spending over the next 10 years according to the congressional budget office. so we ll be watching to see whether the trump people continue to push against this bill. also, there s a big question, as