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Secretary mnuchin appears to have screwed this up and appears there are no magic numbers coming this their rescue. this thing did get stopped in its tracks tonight. will it stay stopped? joining us now is jared bernstein, former chief economist and economic policy adviser to joe biden. nice to see you, thank you for being here. >> my pleasure, rachel. >> it turns out that the treasury department didn't do any analysis of what this bill would do. that fact alone, is that weird? >> ah, it is weird, and one of the reasons they didn't do it is because there are no magic numbers. what you just desc...

Deficit. to combat that deadly argument, republicans are supposed to be getting magic numbers from steve mnuchin that says, it's fine, it's free. he's been saying for months he has more than 100 people working around the clock to produce these magic numbers to say this is free and doesn't add anything to the deficit. turns out nobody has been working on these magic numbers and it's not just an abstract problem. they have promised that they would get these magic numbers to specific republican senators who were apparently counting on them. quote, senator bob corker, republican of tennessee, says...

Bad numbers that have come out and continued to come out because they thought they would get magic numbers that made it look good tonight. well, that was what we thought was going to happen over the course of today into tonight until things went off the rails at the last minute. here is what happened and what went wrong and that has to do with the treasury secretary. fighting about numbers, fighting about math is something everybody in washington has done a lot of. usually what happens when one party's legislation gets really bad numbers and the math looks terrible is that you, you know, try t...

Bipartisan analysis saying even in a best case optimistic scenario, this will add a trillion dollars to the deficit, now that that happened tonight, republicans got stopped in their tracks looking like a plan to pass this tonight rushing it through. secretary mnuchin appears to have screwed this up and appears there are no magic numbers coming this their rescue. this thing did get stopped in its tracks tonight. will it stay stopped? joining us is fellow center chief economist and economic policy officer. nice to see you, thank you for being here. >> my pleasure, rachel. >> it turns out that th...

They have been doing and now this is a big problem for the trump administration and republican party because all the outside groups and bipartisan groups are saying what the republicans are doing with this tax thing is going to add a trillion dollars or a trillion and a half dollars to the deficit. to combat that deadly argument, republicans are supposed to get magic numbers from steve mnuchin saying everything is free. he's been saying for months he has more than 100 people working around the clock to produce these magic numbers to say this is free and doesn't add anything to the deficit. tur...