hassinger budget is important for running a country and it should be noted to anybody that we have passing the budget now after the fiscal year has begun. this is late in the process and i think that speaks to the problem that we often miss these deadlines. people hear this more than they would want to, but if you want to use the term reconciliation, that's a process that allows the senate to pass something with 51 votes instead of 60. in order to have reconciliation, you have to pass a budget. months late, the house and the senate are passing various budgets that include reconciliation instructions that are different and the next step is they both pass them and have to reconcile them. meaning they come up with one budget that will lay out how much you are allowed to either save through tax reform or in this case probably added to the debt through tax reform in the reconciliation instructions. should i explained the differences? host: please. guest: right now the house has revenue neutral tax reform that requires $200 billion in savings and on paper, it would get to balance. the senate bud

hassinger budget is important for running a country and it should be noted to anybody that we have passinghe budget now after the fiscal year has begun. this is late in the process and i think that speaks to the problem that we often miss these deadlines. people hear this more than they would want to, but if you want to use the term reconciliation, that's a process that allows the senate to pass something with 51 votes instead of 60. in order to have reconciliation, you have to pass a budget. months late, the house and the senate are passing various budgets that include reconciliation instructions that are different and the next step is they both pass them and have to reconcile them. meaning they come up with one budget that will lay out how much you are allowed to either save through tax reform or in this case probably added to the debt through tax reform in the reconciliation instructions. should i explained the differences? host: please. guest: right now the house has revenue neutral tax reform that requires $200 billion in savings and on paper, it would get to balance. the senate budge