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Passion from kevin mccarthy tonight. what's the latest? when do we expect this boat? >> kevin mccarthy has been speaking for almost 50 minutes on the house floor so far. the house is poised to vote on this bill in the next hour. let's crunch the numbers. the evaluation of the bill by the congressional budget office was keying. the bill as about $160 billion to the deficit over a decade. the overall figured is $367 billion, but the cbo analysis does not account for an additional $200 billion in revenue from enhanced irs enforcement. this means the bill increases the deficit. listen. >> so, amer...

House speaker nancy pelosi can only lose three votes on her side and still pass the bill, but her calling card is passing big bills by just a vote or to. pelosi will not put this bill on the floor unless she had the votes. laura? >> laura: chad, the deceived tonight, thank you. i know this is going to shock all of you but biden's spend-o rama, does not come close to paying for itself, not even on paper. the cbo released cost estimates for the bill which project it will increase the deficit by over $367 billion over ten years. and it is likely closer to $2 trillion when you actually take away a...

Right. i don't -- i think the build back better bill has virtually nothing to do with inflation, which is a matter of the next, let's call it, 6 to 15 months. the bill is virtually all paid for. there's a small disagreement of about 5%. >> this says $367 billion that the cbo says it's going to add to the deficit over a decade. >> the cbo said that, but it's over ten years, and it's not counting the money that would come from increased enforcement of tax cheats that the treasury argues would add up to even more than what the -- >> wouldn't it still be a shortfall even with that? >> no, i think ...

Members use the cbo as a fig leaf to hide behind to say this is why we're 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, we're 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 some extra irs enforcement in there which they cannot completely account for , sometimes they are...

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, i've never been a fan but the white house is pushing back saying it's going to decrease the deficit by 112 billion over the next 10 years. they say the cbo can't really track this because they never had...