so my same republican colleagues who have complained about the cbo in other contexts, now saying looke score is not high enough. and heu said about half are paid for by efficiencies course while it is but they didn't give us credit for it. one example is cbo's limitations that they can account for states returning to the federal treasury the money that we dictated they had to return in our bill. they just won't do it. $53 billion was in her legislation for unused funds from the enhanced covid-19 ui supplemental put in place during covid-19. recouping this outdated supplement is a win for the american tax taxpayers everybody sevenk should support projects like infrastructure that helps to move our economy further. and yet they give us no credit for that. and cbo, is not fully able to reflect the funding streams that will help payay for legislation and other ways as well. luckily perhaps the two most striking examples of this prayed and what is that working with the white house in working with the office of management and budget, working with the individual agencies, we were able to det

haggerty kind of putting a pause on things because of the cbo report. are you afraid of more haggertys in the pipeline because of this cbo estimate? >> i think there's going to be a lot of discussion, and that was the whole point, leader schumer has taken already 22 amendments that have been processed over the last week, some from republicans, some from democrats, the point is this is the way democracy is supposed to work and we're trying to show not just america but this world that democracy can succeed and that requires conversation and discussion and persuasion, and i think we can get bill hagger to see the scoring was too limited and this bill does pay for itself, and not only that,' going to build infrastructure that will have a more than just a typical dynamic effect on the economy. we'll grow the economy dramatically by making these investments. >> how quickly do you expect this bill to pay for itself, from your own estimations that you guys have been doing and tracking? >> there's always a lag. it is hard to say six months or a year, but as we m

that bill, according to cbo, would increase the debt by $256 billion. if you are at the debt limit, how can you say we will vote for this bill that authorizes -- result in more deficits? the treasury cannot pay the bills. there has to be some consistency in thinking. i wish they had done more to pay for the infrastructure built. -- bill. there is an argument for roads and bridges and that sort of thing, you might not have to pay for it immediately because it 's an investment that will pay dividends over time. very few people would say the bill would pay for itself. i think they should have done more on the pay for side. some of the pay fors they used were kinda gimmicky. to get back to your question, which is a good one, if you just voted for a big bill the cbo says will increase the deficit and you are saying will refuse to raise the debt limit, there's a fundamental inconsistency there. host: to redo the treasury secretary janet yellen's statement on the increase, "it does not increase the government's spending. it allows treasury to pay for previousl

now, the debate in the senate is focused on the amendments, the cbo scores, how this is going to be paid for. senator schumer's comment about easy versus hard got us thinking. paying for infrastructure by raising taxes on the wealthy might not have been easy politically. but conceptually, it may have been much simpler. identify what infrastructure projects you want to fund and pay for it with taxes on people making more than $400,000 a year. simple. but not easy. because democrats probably did not have the votes to overcome republican opposition. so to make this a bipartisan bill, they chose an easier path without tax hikes. easier, but not at al simpler. at dawn, despite the outcome, basically already being decided. republican senator john kennedy of louisiana says he expects to be in washington until wednesday. he told nbc capitol hill producer julie sirken, quote, the senate is like a dumpster fire with animals. in the words of aunty maine, how vivid. let's begin tonight with nbc political correspondent, ali vitali. is that dumpster fire any closer to being put out? what is the status

we had the cbo come out, it will add quarter of a trillion dollars to the deficit.tried to put it through so fast. they tried to put it through without any text. and now we got the scoring. washington math can be troubling and perplexing. it is hard to understand but i understand this of the this will be inflationary and add to the debt and deficit our children and grandchildren will continue to bear. elizabeth: senator, how many other senators are joining you saying they don't like the cbo score that it will ad a quarter of a trillion to the debt? how many senators will join you to say no? >> it is hard to say, liz, but as we're studying it, we got the scoring a few hours ago, more and more of the tier of the senate this isn't as it was billed. we were told all along it would pay for itself. cbo came through with the scoring, not so fast. over a quarter of a trillion short fall. we'll see how this unfolds but certainly not billed as it has been before. certainly none of us want to add to the deficit, the burden on our children, i've been concerned about this, we ta

half of what we proposed will be scored by cbo's paid for. we were up front about that. half because of their rules that won't. it's things that a reasonable person would say yeah it's a pay for. for example, $53 billion congress has already appropriated for federal unemployment supplemental payments are not being used pore that. we are repurposing that, just as we told folks we were going to repurpose, repurpose for the sake of paying pore this. cbo doesn't give us credit but that's 53 billion we're repurposing that a reasonable person says yeah, that pays for it. >> more broadly, do you think it's a bit rich that under president trump the national debt climbed almost $8 trillion and now some of your colleagues are worried about the debt again? >> on the other hand -- first, the first part of your thing, let's face it, a lot of the spending was in response to covid. we understood when covid broke we had to put up payroll protection plans. >> true, but a lot of it happened before. >> secondly, president trump proposed a $1.5 trillion package which most republicans were a

. >> congressman bill hagerty is considered to be the held up by something riveting the cbo score.hagerty's issue? >> well, a body that is trying to be one member can slow it down. and what bill hagerty is saying that he looked at the cbo score, and the numbers put out by the congressional number score, and you said, hey, this bill is going to be paid for, but this is showing that the infrastructure bill is going to add some $256 billion to the deficit, and i'm not comfortable moving forward on this just yet. hagerty is not somebody who is going to ever get to yes on the underlying bill here, but he wants to do the due diligence here, and the senators recognize that is something that he is going to do, and they argue that the cbo report does not take into account the way that the economy is going to grow with the new infrastructure added all around the country, and it does not take into account things like savings and pulling back covid relief money, but you can't double dip and getcredit for money that was allocated that you are now taking back. >> and so what does that mean for t

one more thing to add, tim did an analysis, cbo for 10 years, tim went out 30 years. the university of pennsylvania. they say a decrease of deficit and increase in the economy because of the long-term benefits of major infrastructure. jacqui: you also had to clear up critical race theory, were you surprised you had to address that and what does it say how far apart the two parties are? >> i would say people are misrepresenting the bill. there's one single line, maybe two or maybe three in this bill which says that if you take a grant from the federal government you cannot discriminate and then antidiscrimination language which is already in federal law. okay, so i get a grant, i'm supposed to make sure everybody has access to the internet. should i be allowed to discriminate, of course not. it has nothing to the with crt. it is something put out, misinformation by those who should know better in an effort to decrease support for bridges, roads, flood protection, coastal restoration and hundreds of thousands of jobs. i don't know why they are doing it. jacqui: at this

some republicans are saying the cbo isn't able to score everything. >> cbo is barred from score isingnefits that are being returned or repurposing already-appropriated funds through the cares act and other, you know, relief packagings. so it actually, in my view, i'm very comfortable with the pay-fors. >> reporter: president biden today is proud that this infrastructure plan and his human infrastructure plan to keep his promise not to pay for it by dipping into the pockets of some taxpayers. >> we're going to do it without raising taxes by even one cent on people making less than $400,000 a year. >> reporter: but there is an item in this bill some worry could pave the way for a mileage tax on drivers. the bill is written as a pilot program on fees per mile, studying the impacts heavy trucks have on infrastructure, congestion and the environment. but a white house official telling me in a statement moments ago that the pilot program is volunteer-based, participants receive a full refund, and it's only a study that's going to be used to inform recommendations for future legislation sayi

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the cbo says it is not exactly paid for. of $1 trillion is still not paid for, but most senators say the cbo is looking at it too narrow. they are not taking into consideration the fact of macro economic things that could propel from this infrastructure agreement, meaning if you fix roads, goods can travel faster. things that benefit the economy are a bit more long-term and birdseye view are not considered in that. that is one issue in terms of the pay fors. for the reconciliation bill, that is going to be higher taxes. that is all part of that is going to be paid for. we are waiting to see from the senate finance committee a menu of potential options of how they're going to raise taxes. we know it will be corporate taxes getting raised. president biden says he wants to move that to 28%. some moderate democrats will say that is too high potentially. also wealthy individuals in america, although they said they will not raise taxes on anyone making less than $400,000 a year. guy: amh, do not go anywhere. we need to talk more a

the senate is set to vote on the 1.2 trillion infrastructure bill that cbo says is not paid for.indsey graham says they want to pass the next bill with democrat votes. senator graham says there is nothing to top stop democrats from raising your taxes. another cop shot dead in chicago, another fighting for his life. we have new polls showing voter concern over violent crime at the highest in four years new reports that the white house is frustrated over poor data on covid-19. this as you may be shocked at the dramatically low percentage of covid-19 samples are genetically tested for variants and how low the u.s. ranks around the world. think low, then think lower. is the u.s. making flawed restriction policies when they don't even know what is going on? plus "the new york times" and the democrat governor of new jersey now facing backlash for downplaying the virus spread at the border. this as nbc reports about one out of five migrant families detained have the virus. and democrat congressman from texas also, doctors and judges warn about all of that. now the biden administration i

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it out over a decade, which is what the cbo does, that's $25 billion a year.ot that sig capt in the grand scheme of how the u.s. spends it's money. >> let's come back to trump and as manu notes it's not going to stop the votes in the senate. it does kick over to the campaign in which mcconnell has made a decision and portman, we're okay giving this to the president if the democrats can pull off the other pieces, we can say we don't oppose on everything, if it's going to build a bridge or bring broadband to your community we're for it. enough think that's a good approach. donald trump thinks not. what does it matter you have these republican candidates in senate primaries in missouri, one saying weak rhinos, republicans in name only, one of his rivals, reckless spending, the republican candidate one in the north carolina senate race, paving roads so you can drive to your china bank to pay for it. is it just sour grapes? i wanted this and didn't get it? >> i don't want joe biden to have it. >> these an eagerness for some republicans to buy into the influence tha

." >> we just had the cbo score come out, and it's going to add over a quarter of a trillion dollarshis thing through so fast without any text. ♪ ♪ ♪ your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire the covid-19 vaccines can be our chance to get back to our plans. matching your job description. who we are. what we miss. to get back to each other. to life. but... it's ok to have questions like... how were the vaccines tested? in rigorous clinical trials among adults of diverse backgrounds. can the vaccines give you covid-19? you cannot get covid-19 from a vaccine. why should i get vaccinated? protecting yourself also helps protect the people around you. find the latest information at getvaccineanswers.org (sfx:footsteps in wet cement) (sfx:birds singing, distant dog barking) hi hi ♪(whistling tune: "don't worry, be happy")♪ [engine revs] ricky bobby, today the road is your classroom. [zippers fasten] [engine rev

normally, we don't vote, much less past something like this without a cbo score. regret to say that many of the so-called pay force amount to flimsy budget limits -- gimmicks that in reality do no such thing. what are these "pay for's"? let's take the new requirement on cryptocurrency. everything about this is half-baked and unclear. how exactly will additional revenue reporting generate new tax revenue, and how could you possibly apply stock exchange style reporting requirements to something so different and decentralized as bitcoin and blocking based cryptocurrencies. at best, this gimmick will fail, at worst, it will hemphill -- hamper financial innovation. or the mandated sales of oil from the strategic reserve, which the bill's sponsor's claim will produce $6 billion in revenue. do we realistically know what the demand for oil might be at that time? or what could happen in the meantime, when we might need to use oil in the strategic reserves? what happens only get five years down the road and congress determines we should hold onto the oil a bit longer, or un

jon: the cbo says this was improperly funded. it will not pay for itself. >> exactly right.t will happen later on this evening the senate will be forced to vote to waive the requirement that legislation passed is paid for. that underscores that this is not paid for. not this bill. jon: it is 2700 paces twice as long as war and peace. have you had a chance to read the whole thing? >> also twice as long as the king james bible to but into perspective. we had it for six days by thursday we divided it up reading through it as furiously as we can certainly nobody had an opportunity to go to the cbo analysis when i blocked this. but the people that are rushing this through are the democrats. there is no reason we can't move this through regular order and take our time to assess and understand that. i am for hard infrastructure i worked my way to college shoveling asphalt. my father and grandfather in the road construction business. we want those that have a real return on investment. this bill does not accomplish that. there's so much more the has to do with hard investment or inf

so they will pretend it's fully paid for and ignore the cbo quick. >> yes.s that there is no money lying around in washington to do this sort of thing. there is no additional money. so you and up with a shell game of moving things around to say they withhold medicare payments. basically a bureaucratic fix that arranges for the accounting so it comes out okay. but they are absolutely determined to do this. and one additional point. this is a green project of the democratic left they wanted run out of washington just as us highway system is a federal responsibility the immigration system in the united states is a federal responsibility they are view ultimately this is about climate and that should be run out of washington so this bill has a lot of significant authority inside the washington bureaucracy and the way from the states that is a big concern it is a long-term result not just fixing potholes and bridges. paul: and why are so many republicans supporting this? they just want the spending to their states. >> yes. obviously they do want to fund certain pr

a similar cbo law, there have been 12 outbreaks of the disease since 1967. there's a little headlines on al jazeera witness is up next. with more than 200000000 cases because of 19 worldwide government backing to fight fresh wave of the virus. a new barrier that had been a 3rd and the number of people working vaccination appointment from human coast political and economic pool out. i'll just bring you the latest on depend amick. this will have vaccinated more than 1100 people here. all of them migrant farm workers, people on home testing because they think that there is a risk to democracy. special coverage and i'll just narrow them. pearl it was the old school goes, but the one that came out when i was a oh, i was still over now was your age when use my age you know was over her to do it. i mean, he we we oh, you know, you know if you're 5 go 5, the would be august august night learn about august 9th, through something else happened august and i was born. tell you. august 9th, on august 9th, on august the 9th 18 year old michael brown was gunned down by res

through our neighborhood partners such as cbo eases and task force trur k we were able to facilitate volumes. one another component of the community access strategy. the third prong is honed in on partnering with pharmacies across the city to have vaccine access at their facilities and support through vaccine pop up s.that last one was ensuring tht access would not be a barrier. acknowledging that our high volume sites for clinic setting or pharmacy setting or even maybe hood sites establish in partnerships with community based organizations. that structure was not definnively meet the needs of san francisco residents. we developed mobile vaccine program in connection with networks and help at home programs. the goal and purpose of our normal vaccine program was to support access and at that very low barrier access by bringing vaccine directly to commune pit members. elderly and senior living residents, home bound individuals and adults, people with disabilities, people served by behavioral health programs, people living in sros or incarcerated. many other highly vulnerable settings

in the regulatory debate, there is a great book from a former senator and the cbo reports this, there are over 750 billion grants going back to the states from the federal government. you have nearly a trillion dollars making it up to washington and going back to states for local services. all that will -- would it change and what joe was talking about, keeping the wealth at the household level. host: let's hear from bill in illinois, independent line. caller: i am curious as to why nobody is talking about hydrogen powered cars. the electrical cars are going to put in extreme stress on our electric grid. guest: what i would say to that is i understand there are provisions for hydrogen cars but you are right that there is a push toward electric rather than hydrogen vehicles. we have to be careful because this is one of those technologies where you will see an article in the wall street journal saying this is on the cusp of breaking through. there are a lot of problems with hydrogen cars. they are not unsurmountable, but that gets to the point we want to make sure that whatever the inte

cbo came through with the scoring, not so fast. over a quarter of a trillion short fall.fore. certainly none of us want to add to the deficit, the burden on our children, i've been concerned about this, we talked about this before, liz, about the inflationary impact happening now. elizabeth: when trump was president, even though republicans controlled both chambers he could not get through a 1 1/2 trillion dollar infrastructure bill either. the progressives are talking about delaying this for weeks and weeks until they get what they want. now, sir, internal polling, the democrats are looking at it right now that shows they could lose control of the house in next year's midterms. they're down by staggering 6 percentage points versus republicans. dcc chief, democratic congressional chief maloney said they will lose a and 15 vulnerable democrats are being targeted for inflation. >> inflation is bitter pill. trying to shove it down our throats saying it is transitory. if you look at our state, feels like the one dollar menu in mcdonald's is turning into the five dollar menu i

do you expect the cbo score to cause a problem for the legislation in the senate? >> i don't think it will, ultimately. i think the investments that are being made in this country, through the infrastructure bill, will probably make up some of that lost revenue, as we move forward here. but i think that there is too much at stake for members of both parties to not see this bill go through. i heard senator portman, a minute ago, speaking, i think it was last night, you said -- those projects are really important for the american people and an overwhelming majority want to see these projects happen. i think it's incumbent upon all of us in the senate to work hard through the rest of tonight and the next couple of days and get this bill done. >> when legislation like this has moved in the senate and the house in the past, and there's never been legislation this big, by infrastructure legislation, the only cabinet secretary you would tend to see around capitol hill pushing it, was the transportation secretary. because of all the highway building, and rail transportatio

. >> the cbo score came out today. that sometimes is a big event with legislation.t is kind of what people expected. we've heard from a couple republicans saying they will now vote against the bill because it is not fully paid for. but those same republicans voted against even discussing the bill so that doesn't sound like you've lost any votes yet. do you expect this cbo score to cause a problem for the legislation in the senate? >> i don't think ultimately it will. i think that the investments that are being made in this country through this infrastructure bill will probably make up some of that potentially lost revenue as we move forward here. but i think at the end of the day there's too much at stake for members of both parties to not see this bill go through. i heard senator portman speaking, i think last night you said. those projects are really important for america and the american people at an overwhelming majority want to see these projects happen. i think it is incumbent upon all of us and the senate to work hard through the rest of tonight and the next

the cbo not liking the way in which it pays for future earnings on that investment.t do you think about the deficit? >> the latest bill, as compared the compromise, definitely increases deficits and debts a little bit. they are depending a lot on money that is being returned from covid and a number of other programs that would have been returned to the u.s. treasury. but that money will now be spent on infrastructure, so that will raise the debt and deficit in the short and long run. romaine: when we talk about some of these provisions, some would ask what you have a bill, you have proposals here that some would argue would actually contribute to gdp growth, do you need sort of a pay-in in order to justify that? >> certainly, for the infrastructure is going to be productive and it will help increase gdp. particularly over the long run, it takes a long time for infrastructure to become productive. but, it does matter how we pay for it. deficit spending has a habit of crowding out private capital investment. the factories, computers, the equipment that generate goods a

rob portman and krysten sinema said the differences come because of the cbo and the way that the cbo limits what it can include in its formal score. there's going to be a lot of finger pointing given the conversations we had yesterday with senator ted cruz about this very bill. i think there's a lot of people who are on the hill that are fine with the bill -- this bill. the next bill, i think, which is really the negotiating chip. exactly. >> the crypto is a big deal. it is something that people are watching closely as we are, too. you see it down by about 1%. bitcoin back above 4$40,000. this is continuing as we negotiate in the existing bill of exactly what is happening here the white house weighed in on the battle taking place ov over competing cryptocurrency amendments it wants a broader definition of crypto broker. that provides more participants to report crypto gains for tax purposes the administration wasn't expected to weigh in on this late yesterday, it put out a statement that backed the tougher crypto reporting rules ahead of the block chain association blasted that move.

and what the cbo says it adds.s was supposed to be paid for, the red line was not raising taxes and not costing the american taxpayers any more, but is the pretense of being fiscal conversation without raise more money dead? >> with true infrastructure, there are a lot of things that are not. i can see a lot of places we could tear this down to make this not as much as right now they're talking over a trillion dollars, but in my mind and talking to a lot of my colleagues, we all those that were inclined to be supportive they said only if paid for. and that's what the republican senators who had been saying that all along and the cbo has clearly blown a hole in that and they have real challenges. i'll tell you one thing, there's about a trillion dollars in unspent covid money, maybe put infrastructure aside now and say that money should go to infrastructure and not be wasted on a lot of things i see it wasted on throughout the country. >> there's a lot of roads and bridges that would certainly benefit that. let me t

that is able to stop a constitutional b from passing into low to achieve that, you need a very vibrant cbo. so say at that low be again, it's a government position and it's like ok, and i've been able to see that. okay, that's actually a good point. you're making, we have someone from the opposition here, anthony, do you feel that way? look it's i think it's disingenuous. and. busy misleading to narrow commissions of the 3 and say less purely to one single aspect. or we're always indicated and i think the reports by the national and not just information have been reports that have been issued within the country by some piece. which points to precisely the same for you, which is national res? yes. do enjoy the amount when it comes to cracking down on the opposition is unfathomable. it is something that is unprecedented. never is civil society which a must be free to, to lobby against government. be on the records human rights defenders that the drugs to to court maddy attempting to stage, not going to court it, but it probably got the ring outside the element in this country. it is practica

protected status would have a budgetary cost of approximately $42 billion over 10 years according to the cbo. thiss

a venn diagram which is fine that they were arguing that this would say $500 billion so you say the cboees with you but those numbers are false so what will that do to the credibility of the republican party fiscal responsibility going forward, sir? >>laura: i don't know why it passed with 60 plus votes. day drinking may be? [laughter] for example inflation alone which is a horrible taxon middle america. but it is. i don't like to brag about the expensive places i have been earlier today i went to the gas station this will make it worse it will make it worse for groceries. infrastructure i'm just nott for infrastructure at any cost time and for infrastructure no matter what and we're going into a fight with the democrats over raising the debt ceiling and taxes and the argument i would like to make it is which i could make, senator schumer, this debt is yours. but the truth of the matter is on this last bill with the infrastructure bill it belongs to democrats and republicans. >>laura: first of all we appreciate your common sense approach to this. sense with facts versus fiction and we a

tom: what is more important is the cbo came out yesterday and agreeing with him, the infrastructure bill will do a quarter of a trillion dollars adding to the deficit over 10 years. it is not just powell but senator manchin and the others. jonathan: it is running hot. lisa: it is interesting that he decided to release it now. it is the infrastructure vote perhaps that he is speaking to. jonathan: we will head down to washington, d.c. and catch up with our correspondent. coming up, the former new york fed president and bloomberg columnist, ahead of your payrolls report. equity futures unchanged. yields up three basis points. from new york city this morning. good morning. this is bloomberg. ♪ >> the senate set to approve the infrastructure package, the largest infusion of cash in decades for roads and bridges and mastic -- and domestic projects. they will hold the bill until they vote on the largest package. today's jobs report is likely to show the u.s. added just about 850 8000 jobs last month. the rollout of the vaccine has encouraged businesses to reopen. more than 30 u.s. trade groups

the reason we have to rely on that committee's reporters because the congressional budget office, the cbo hasn't issued a score. we should not be voting on it when we don't have the score and we are not going to have one by the time we have that vote. >> do you think republicans have lost, if they go forward, have they lost their leverage in stopping the $3.5 trillion nightmare coming down the pipe, yes or no? >> i believe we lose a substantial amount of leverage as a result of this which is why i thought this was mistake from the beginning but we were told for months the paperwork on this, that this would go somewhere and we were told to be patient. we find received the bill for the first time sunday night at 9:00 or 10:00 pm eastern time. i can't imagine any of them could read it. it doesn't read like a fast-paced novel. they worked on for four months of expect us to process this thing and four days. no way to run a railroad. jillian: $3.5 trillion will be 10,000 pages. thank you for being principled on this. all 17 republicans should be ashamed of yourselves. president biden went out o

it may not be paid for the way cbo scores it but it is paid for in a way of common sense. laura: we put those bullets up, pretty actually summing up what you just pointed out that is in the belinda does include all that but it also spends billions on carbon capture projects, almost 1 billion for large-scale pilot projects, our viewers don't know about this and another $2.5 billion for demonstration projects. to some folks, the journal agree with this, sounds kind of like solyndra 2.oh. how does a republican, your fiscal conservative, how do you justify that? you speak of businesses, they are trying to export to markets like europe and they can't export to those markets unless they show that they are offsetting their carbon footprint. we are going to lose the european union and as a market. what this does is helps build carbon dioxide pipelines putting tight fit is to work and construction workers to work, they take that carbon off and use it for another product, to sequester many the ground. that makes our people more competitive in going into markets like the eu that is a

. >> senator cassidy repeated the claim on the show a couple nights ago but the cbo escorted, it is $265 billion off, not paid for. what about the reckless spending on the part of republicans? >> is completely unbelievable and keep in mind all this is is the warm-up act, greasing the wheels for the $3.5 trillion bill that democrats hope is going to do basically intrude into every aspect of people's lives from birth to retirement. laura: cassidy came on this show and tried to argue that the republicans voting for infrastructure first made it less likely that the $3.5 trillion was going to pass. i didn't want to be rude to him but that is bull, that is the total falsehood he said on this show. he was not telling the truth or he is really dumb. don't know which is the case. is not a dumb man, he is a medical doctor, can't be done but he said it will be more difficult. >> tell that to chuck schumer who says we will get through this bipartisan bill and move to the $3.5 trillion. laura: thank you for writing about this. is tough to follow but president biden walking us through a thought proces

the very afternoon that we get the cbo score that tells what the bill cost, it fell short by $250 billion. what is chuck schumer's response? let's rush it through the night. let's get on to the bigger part of this transformation of america. i said no. we're not going to accelerate it. we're going to expose it to the light of day. the more we can talk about it -- that's why we're having this conversation. we have an opportunity to let the american public understand what is in this bill. we let them understand what it cost. now we're seeing positive movement in our direction. a couple of senators have changed their positions and not going to vote for the bill. we're putting a lot of pressure on the house. it will be very difficult for democrats in the swing districts to continue to support this as the light of day comes to bear and as their taxpayers, their citizens understand exactly what is in this bill. >> tucker: so if it's a infrastructure bill, that suggested it's for everybody regardless of what you look like and how you were born. what is equity? what does your race have to do with

there was a boat to waive the budget act because the cbo score did not come back saying the bill was paid for, and there were other, sort of, procedural elements that needed to be taken care of prior to a closure vote to limit debate on the underlying package. the senate as now, out of session, as you say, until noon, but once they come back in, they are continuing, and they have been effectively while they are out, continuing to, sort of, burn off the 30 hours of post-cloture debate. we don't anticipate any anticipate -- additional amendments because it probably would take unanimous consent to have any amendments at all to this legislation at this point, and if all the time gets used up, and they don't get any sort of agreement according to the scorekeepers, the clock will run out at three: 11:00 a.m. on tuesday -- 3:11 a.m. on tuesday morning. host: as far as a potential vote at that time, our republicans and democrats in the senate ok taking the vote that early in the morning -- we heard about issues concerning cryptocurrency, other issues coming up -- where is the body as far as

there was a boat to waive the budget act because the cbo score did not come back saying the bill wasly paid for, and there were other, sort of, procedural elements that needed to be taken care of prior to a closure vote to limit debate on the underlying package. the senate as now, out of session, as you say, until noon, but once they come back in, they are continuing, and they have been effectively while they are out, continuing to, sort of, burn off the 30 hours of post-cloture debate. we don't anticipate any anticipate -- additional amendments because it probably would take unanimous consent to have any amendments at all to this legislation at this point, and if all the time gets used up, and they don't get any sort of agreement according to the scorekeepers, the clock will run out at three: 11:00 a.m. on tuesday -- 3:11 a.m. on tuesday morning. host: as far as a potential vote at that time, our republicans and democrats in the senate ok taking the vote that early in the morning -- we heard about issues concerning cryptocurrency, other issues coming up -- where is the body as far a

the cbo found that anyway.nd-a-half trillion. your thoughts on both of those issues? >> yeah, that's right. you know, the cbo has rules that aren't necessarily the kind of accounting that you hold ceos to the standard of when they're on your show and i think those numbers are reasonable guesstimates. again, on the infrastructure, going back to our cea report on this for president trump, when we put it out i don't think there were a lot of republicans that are saying, gosh, kevin hassett, they've lost their mind. there really are infrastructure problems. it takes twice as long for a tanker to take a trip in the u.s. as it did 20 years ago. passenger miles driven has about doubled the last 30 years, the amount of road has not changed at all. you drive to work. you see congestion. there they are things that could be fixed. looking at infrastructure alone, i think that it's probably the case that the benefits are going to be higher than the cost but the true costs are perhaps as much as $400 billion. maria: right.

notwithstanding what the cbo said, a $206 billion deficit. i didn't agree with that.tainly the ability of user fees being introduced is important. look at the gasoline tax. $.18 since 1993. when you add up estate tax, you are paying roughly $.53 a gallon. that has not changed since 1993, it is down in real terms by 70%. there is room for user fees to be added across the board. kailey: this bipartisan package will really just be part one. democrats will try to push through another $3.5 trillion in spending. should that count as infrastructure? sadek: we surveyed over 1000 americans and asked the question, what do you think core infrastructure means? overwhelmingly they said roads, bridges, the basic infrastructure we need. it is not education, health care. doesn't mean it is not important? absolutely not. but it would be a tragic mistake if you are going to link that to the reconciliation bill. you need to vote on the infrastructure bill on its own, pass it, and start rebuilding the infrastructure for the 21st century. kailey: let's talk about how it translates into an

republicans are complaining because it is not entirely paid for according to the estimate from the cbot over the weekend and see final passage in the senate after that, the senate will have to turn to the $3.5 trillion spending package that democrats hope to pass on their own. we expect to see that work begin as soon as they pass the infrastructure bill. >> ylan mui, thank you very much. >>> the jobs report will be out later this morning despite the covid cases and the shortage of workers, there may have been a bump in july the forecast is an increase of 845,000 jobs in terms of non-farm payrolls. that is down from the 8150,000 jobs in june unemployment is expected to tick lower. let's talk about the employment picture in america with sarah house with wells fargo sarah, this is a big move. 845,000 estimate can you take us through your expectation for this particular number >> sure. we are close to consensus expecting 865,000. part of that reflects we continue to see strong demand for workers. job openings still at record highs. where we are going to get a boost this month is going to c

if so you're saying this, the cbo agrees with you, but they are arguing numbers that are just false, what is that going to do to the credibility of the republican party on fiscal responsibility going forward, sir? >> i don't know why it passed with 60 plus votes, i don't know, day drinking, maybe. >> laura: [laughs] >> all i know, for example, inflation and alone which is a horrible tax on middle america. they said it would add to inflation, but it is. i don't like to brag about all the places i have been. but earlier today i went to the gas station, this is going to make it worse for groceries too. and look, i am for infrastructure. i am just not for infrastructure at any cost. i'm for infrastructure, i'm not for infrastructure no matter what. and we are going into a fight now with the democrats who are raising the debt ceiling -- >> laura: and texas too. >> and texas, and the argument that i can make is that senator schumer, this debt is yours. this debt is yours. but the truth of the matter is that on this last bill, the infrastructure bill, this debt belongs to democrats and -- >

so i was against it for that, plus it's got pay-fors and the cbo says half is not pay for and the rest and that involves things like well, we'll save money down the road and grab money through a different thing we'll do or get more revenue into the treasury from the economic development associated with it. that's not hard in terms of how you pay for it. neil: all right, so you sound like a no vote and certainly on this the way things are going, senator, i know you're a recent newcomer to washington in the scheme of things and you've said in the past spending seems to be bipartisan on the bent of democrats and republicans and piled up under donald trump even pre-pandemic and this president. do you think we'll get a handle on it? >> i don't think so, and i called democrat i hate to use the word with it, they're political entrepreneurs and their business is growing the federal government. we as republicans are generally kind of the party of no or i'm not interested. we get outmaneuvered on policy a lot and this is what explains how we get here in the first place. it's the unholy alliance,

first of all, the cbo score is not the only thing that matters when it comes to the pay-fors.f it's $25 billion a year of expense, we've just spent $7 trillion on things that produced nothing now -- don't get me wrong -- to people's individual economies. but an asset like infrastructure has as its primary purpose the movement of goods and services in our economy, it's an asset that returns value to our economy and, ultimately, to the taxpayers. is so i still think this is a very good and, i think, a high priority and important -- brian: does it pass the senate today? >> i believe it'll pass if not today, tomorrow. you mentioned senator hagerty's objection to moving quickly through the amendments. he has every right to do that. if it takes a day longer, then we stay here and get it done tomorrow night if we can't get it done or even sunday night. brian: senator, thanks so much. kevin cramer, appreciate it. >> my pleasure. brian: coming up straight ahead, you see now hiring signs everywhere you go, but are businesses having better luck? data from the july jobs report is just mom

that bill, according to cbo, would increase the debt by $256 billion.you are at the debt limit, how can you say we will vote for this bill that authorizes -- result in more deficits? the treasury cannot pay the bills. there has to be some consistency in thinking. i wish they had done more to pay for the infrastructure built. -- bill. there is an argument for roads and bridges and that sort of thing, you might not have to pay for it immediately because it 's an investment that will pay dividends over time. very few people would say the bill would pay for itself. i think they should have done more on the pay for side. some of the pay fors they used were kinda gimmicky. to get back to your question, which is a good one, if you just voted for a big bill the cbo says will increase the deficit and you are saying will refuse to raise the debt limit, there's a fundamental inconsistency there. host: to redo the treasury secretary janet yellen's statement on the increase, "it does not increase the government's spending. it allows treasury to pay for previously en

that they were going to get about half of the dollars, and the other half in soft dollars that the cbol give you one example. $54 billion or so for money authorized and appropriated and unspent in unemployment insurance compensation that many of the states returned, that is part of a pay for. so we believe this bill is paid for and with no tax increases. it provides a historic investment in our nation's infrastructure. we are the wealthiest country on planet earth and yet we are ranked behind china. so we have a lot of great arguments. the best one is that for the first time in this congress, and the first time in this administration, you have a bipartisan bicammeral historic investment that is supported by the house and the u.s. chamber of commerce and the afl/cio support. you don't get those opportunities very often and we can't let this opportunity pass. >> you're both sounding very confident. which is good to hear. we do know there is -- look, we'd be lying if we didn't say there wasn't some pushback and even pointing out as many as 18 republican senators expected to vote to pass i

and then one senator objected to how the cbo scored the infrastructure bill. the economic growth, will help to pay for it. so these objections are not stopping anything. things will pass, it will just take more time. they hoped to wrap up last night, the process will continue on saturday. they need the support of all 100 senators to agree on times of folks. so we'll see but by the end of the weekend it should be wrapped up, but then a lot of americans want to take on that $3.5 million partisan bill. >> there was another story you were scooping us on. they said there would be voting rights bills voted on next week. will that be amendments to the reconciliation package? if it is, forgive me for being cynical, but that has the whiff of press relief votes, not serious legislation. >> yeah, messaging, chuck. whatever they do on the voting rights measures the goal is to get the support of all 50 democrats. so wyle they're working to get the support of senator joe manchin and others, they get the support of 50 democrat that's is great for them. but that still doesn't