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Preliminary CBO Numbers Are In (BUMPED & UPDATED, 11:30 a.m.)

But they're only preliminary.

11:33 AM, Mar 18, 2010 • By MATTHEW CONTINETTI
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House majority leader Steny Hoyer has informed his colleagues of the CBO health bill score. Politico reports

The bill would cost $940 billion, and reduce the deficit by $130 billion over the first 10 years and $1.2 trillion in the second 10 years. The deficit numbers Democrats have been most worried about, and will be key to convincing moderates to coming on board with the bill.

Keep in mind that the second decade estimate is incredibly speculative. Overall, though, this score may move some undecided congressmen into the Yes column. Whether those congressmen will be members who voted No last year is another question entirely, however. Perhaps they will have seen this video:

More CBO details, and the final reconciliation language, are expected later today. A Sunday morning vote is now likely. Gentlemen: Start your engines! The countdown has begun.

Update, 11:03 a.m. Via NRO, the guy in the video is challenging the notion that the numbers leadership is peddling are accurate: “The Congressional Budget Office has confirmed that there is currently no official cost estimate.  Yet House Democrats are touting to the press — and spinning for partisan gain — numbers that have not been released and are impossible to confirm.  Rep. James Clyburn stated he was 'giddy' about these unsubstantiated numbers.  This is the latest outrageous exploitation by the Majority — in this case abusing the confidentiality of the nonpartisan Congressional Budget Office — to pass their massive health care overhaul at any cost.”

Something to keep in mind as the conversation unfolds today. Unless of course politics is temporarily suspended for the March Madness tip-off.

Update, 11:30 a.m. CBO says the numbers are preliminary: “Although CBO completed a preliminary review of legislative language prior to its release, the agency has not thoroughly examined the reconciliation proposal to verify its consistency with the previous draft. This estimate is therefore preliminary, pending a review of the language of the reconciliation proposal, as well as further review and refinement of the budgetary projections.”

Will the Hoyer leak backfire?

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