Page 4 - 367 Billion News Today

Members use the cbo as a fig leaf to hide behind to say this is why were going to support this bill or they use the cbo as a heat shield or say, you know, look those numbers were pretty bad there, were not going to vote for this bill, they can justify pretty much anything. the one thing i should note though that when you look at the cbo numbers we talk about that $367 billion deficit figure , the cbo even says that it might be a little bit lower, maybe $200 billion lower, simply because there is...

Congresswoman abigail spanburger said nobody elected joe biden to be fdr. reporter: the house will pass this bill later today, perhaps in the next hour or two. the bill adds $367 billion to the deficit and independent estimates believe it costs more than $4 trillion. at least one democrat will vote no, jarod golden of maine, back to you. lawrence: chad i have a quick question, you know the cbo, ive never been a fan but the white house is pushing back saying its going to decrease the deficit by 1...

217-217 would be a tie. democrats with only lose three votes. golden will vote no. they lose one there. they might lose one there. nancy pelosi usually passes the big bills with tight margins here. as to the cbo score question that you raised, that didnt seem to have any negative impact on some of the moderate democrats who said they would vote no. if you had a coalition of 5 or 10 who wouldnt vote they wouldnt have put the bill on the floor. it adds 367 billion dollars to the deficit according ...

Friends first" on this busy friday. todd: democrats hoping to pass the tax and spending plan last night but the minority leaders marathon speech forcing pelosi to push to 8 am eastern today as the package will at a whopping $367 billion to the federal deficit. that is carley shimkus, far cry from the presidents promise that it would be fully played for. carley: breaking news from washington. >> kevin mccarthy was able to delay a house that with more than a our speech. >> i dont know. i know amer...

Trouble getting enough truckers, having trouble getting enough workers to offload these containers from the huge ships when they come in. it all means for you and me, sandra and every other american consumer, were still going to see those empty shelves and still go on to am son and not find the sizes we want as we head toward black friday. its a problem. whatever the president said hasnt been fixed. >> sandra: bring into question the use of the word transitory which the fed has not backed off of...

Ainsley: a fox news alert. house minority leader kevin mccarthy capping off a record-breaking speech. it was about 8 hours. single-handedly delaying the vote on bidens massive trillion dollars spending bill, this social spending bill. the house will reconvene in just a few hours from now to try it again. and it comes as a congressional budget office reports that the plan will rack up billions in deficit spending. here to react is host of varney and company and american built on fox business stua...

Marathon speech forcing pelosi to push the boat 8:00 am eastern time today at the earliest. it comes as the congressional budget office estimates the package will add $367 billion to our federal deficit was a far cry from the presidents promise that it would be fully paid for. >> norm blanchard has breaking news. >> reporter: minority leader kevin mccarthy was able to delay a house vote with a marathon speech, now almost eight hours later he is still going after democrats with the floor and call...

>> $367 billion in the deficit over a decade according to the summary, a net increase of the deficit. >> thats right, thats right. >> but that doesnt include -- theyre not counting any additional revenue that may be generated for tax. >> right. and the white house says theyre going get more than the cbo believes theyre going get. thats where the discrepancy comes in. so the white house can go out there and say this is paid for, which is what the moderates want to be able to go home and tell thei...

All of us, will pay our fair share. to support our democracy. >> but the bill is not paid for. cbo says the bill keeps an additional $367 billion on the deficit. democrats say that is offset by $200 billion in revenue for beefed up irs enforcement. the g.o.p. notes democrats passed $1.9 trillion in covid eight on their own in late winter. >> never in american history has so much been spent at one time. never in american history will so many taxes be raised and so much borrowing be needed to pay ...

This bill reduces the deficit. it also ensures that all of us will pay our fair share to support our democracy. >> that the bill is not paid for, heaps an additional $367 billion on the deficit, democrats say that is offset by $200 billion in revenue for beefed-up irs enforcement, the gop notes they passed $1 trillion of covidien on their own in late winter. >> never in american history has so much spent at one time. never in american history bill so many taxes be raised and so much of borrowing...