Deficit Effect News Today

Beyond those who have been so outspoken to push back on that. Will we see other senators come out today and take a flake or corkerlike position on that . Well find out. But right now i doubt it. A standing ovation. I want to bring my panel in. Robert costa, National Political reporter for the Washington Post and bret stephens, an oped columnist for the New York Times and megan murphy, the editor of Bloomberg Business week. Brett, i want to start with you. One trump critic said the ice is beginni...

Do. it would extend the government funding until january 19th, it would also include $3 billion to reauthorize the childrens health insurance program through march. include a short term extension of warrantless surveillance program that expires. also waive the automatic spending cuts that would come because of the deficit effect of the tax bill. also key to look at what this bill doesnt do. particularly given the grand ambitions of some lawmakers just a couple of weeks ago. its not a long-term r...

Entities, these smaller businesses and partnerships. this is all huge for republicans and they really, really want this to happen. the problem, i think, that we saw this week, the only problem is that in getting it to the finish line in the senate, they pretty much negated the possibility that they were going to be able to get this back through the house without a conference, which was a hope among some white house officials, that they could sort of pre-bake a lot of these deals they would have ...

Pass a budget resolution permitting them to increase the budget deficit, the national debt by $1.5 trillion if they didnt think that was necessary? im truly flabbergasted. >> john, there is also something that rachel was reporting on earlier in her program in the "new york times" today, one thing that republicans are counting on is treasury secretary mnuchin producing a report out of the treasury tax analysis department showing that this was possible, showing that there would be with what they c...

Didnt think that was necessary? im truly flabbergasted. >> john, there is also something that rachel was reporting on earlier in her program in the "new york times" today, one thing that republicans are counting on is treasury secretary mnuchin producing a report out of the treasury tax analysis department showing that this was possible, showing that there would be with what they call dynamic scoring a massive growth in the economy that would then generate so much tax revenue that this deficit e...

Of triggers? this thing would initially come with a 1.5 trillion dollar deficit attached. the idea is that if the economy doesnt perform as well as expected under this tax plan there would be automatic tax hike triggers. are republicans inclyde to vote for something like that. >> republicans are inclined to vote for something like that if thats what it takes to get it done. you have three senators who are republicans and want some sort of trigger. they are concerned about the potential deficit e...

Expect. we believe that we will get faster economic growth that will exceed this 1.5. so we dont anticipate a big deficit effect from this tax reform. >> models with very aggressive assumptions. that of course was speaker paul ryan telling us what to expect from republicans upcoming tax bill. in todays money, power, politics, nbc news has learned house republicans aim to unveil their plan as soon as november 1st. ben white spoke with senate majority leader chuck schumer for his latest episode of...

We have to cover the other big story that broke this morning, the budget. president trumps outline for the budget. it includes big cuts. i want to get details from ali velshi. >> this is the first budget request. some call it a skinny budget. it makes me feel badly about my physique. what we have is three departments getting an increase in spending, 17 that are getting decreases. let me show you how that breaks down. $46.4 billion in cuts to 17 different agencies. $59.5 billion in expansion acro...