With Dems' prized bill at stake, a numbers game looms ahead
ABC News
Democrats’ $1.85 trillion package of social and climate initiatives seems afflicted by a maddening parade of hurdles
WASHINGTON -- Like Hercules and his 12 labors, Democrats’ $1.85 trillion package of social and climate initiatives seems afflicted by a maddening parade of hurdles. Looming ahead is the Congressional Budget Office, which could cause problems that would be messy but probably surmountable.
The office, created in 1974 as Congress' nonpartisan fiscal scorekeeper, is working on a 10-year cost estimate of the bill and its component spending and tax proposals. The key question politically is how close the measure comes to paying for itself with savings, like President Joe Biden and top Democrats claim it does.
Here's a guide to understanding the numbers blizzard that CBO is about to unleash:
A BIG DEAL FOR MODERATES
