- $600,000 in debt.

What's that?

That's what a child born today

will pay over his or her lifetime

on account of the president'soutrageous $5 trillion budget.

Moderate Democrats don'tlike the high price tag.

But Chuck Schumer is behind every part

of the what he calls thebig, bold, robust way.

Not one Republican supports it.

So what happens next?

Here's Capitol Hillcorrespondent Abigail Robertson.

- Moderate Senate Democrats hope

to convince their colleagues

to cut the multi-trilliondollar budget bill

before they commit their support.

While Senate majorityleader Chuck Schumer vows

to keep all of President Biden's agenda

in the final product.

- It will have everypart of the Biden plan

in a big, bold, robust way.

- [Abigail] Democraticsocialist Bernie Sanders,

Senate Budget Chairman,

exerted major influence on the bill.

- It really is the mostprogressive priorities we've seen

out of the Democrat Partyput into one proposal.

- [Abigail] Connor Semelsberger

from the Family ResearchCouncil says this bill

is not what families want.

- It really is this liberal wishlist

that is couched in this languagefor being about families

when in actuality,

it's really what liberal elites,

many of which don'thave children themselves

are dictating for the rest of the country.

- [Abigail] Semelsbergersays Senator Joe Manchin

helped Republicans take an important step

in preventing taxpayer fundsfrom paying for abortions.

- Senator Lankford workedwith his colleagues

across the aisle, and actuallygot an amendment added

to this budget resolution,

which reaffirmed the Hyde Amendment

and then the Weldon Amendment,

which protects the consciencesof healthcare professionals

to not perform abortions.

- [Abigail] Economist Stephen Moore

told CBN News's Faith Nation

he's aghast at how much money

the US government plans to borrow.

- This is a gigantic amount of money.

Each child born today, if this passes,

will pay $600,000 indebt over their lifetime.

I have nothing good to say about this.

That we should be saving moneyright now, not spending it.

- [Abigail] And fears if this becomes law,

it will cause a financial crisis.

- I am very worried about inflation,

especially if they pass,

look, if you pass another $4.5 trillion

of debt borrowing,

that's gonna be financedby printing more money.

And when you print more money,

that means more inflation.

- As House Democrats prepare

to take up the Budget Reconciliation Bill,

there's a chance the pricetag could go even higher,

and they may remove Senator Lankford's

pro-life protections too.

Pat.

- Abigail, give us asense of the timeline.

What happens next and whatelse do they have to do

before that bill becomes final?

- Well, it's important to know

that what the Senate passed this week

is really just the first step

in the budget reconciliation process.

And it's just a framework.

So this is now moving on to the House

that's going to reconvene August 23rd,

and when they come back,

they're going to fill in the details

of some of the thingsthat Senate Democrats want

to see in the bill,

the White House wants to see in the bill,

and they're going to merge that

with some of the budget plansthat House Democrats have,

and as this process plays out,

we can expect to see probablysome pretty public battles

between moderate House Democrats

and progressive HouseDemocrats who both know,

in a very slim Democraticmajority in the House,

that their votes are incredibly important.

That their votes matter.

And moderate Democrats wannabring the price tag down,

while the progressive Democratswant a little more spending

for some more programs.

So it's going to be very interesting

to see how House Speaker Nancy Pelosi goes

about handling this toget everyone in line

because they can just lose a few votes

in order to get this passed

but I think we'll see thefinal product some time

in the early fall.

- Are Manchin and Sinemaare going to be for it

or against it in the Senate, do you know?

- This is the big question.

Both of those senators

are in their home districts right now.

They're gonna hear a lotfrom their constituents

about how they feel

and both of them have very publicly,

since taking that vote earlier this week,

come out and said that theyare incredibly uncomfortable

with the $3.5 price tag,

and they're going to try to get,

they're gonna use negotiating power

to try and get theircolleagues to make cuts.

But as I said, when thisbill hits the House,

the price tag could go even higher.

But they are crucial votes,

and as you said, every senator needs

to be in line, everyDemocratic senator needs

to be in line in supporting this bill

in order for it to hitPresident Biden's desk.

And at the end of the day,

they will have negotiating power

but I think it's very unlikely

that either of them vote again it

because it really is the heartof President Biden's agenda.

- I don't wanna belabor the point

but this is 3.5 trillion

but they're gonna addanother three trillion.

It's gonna go five, six, seven trillion

before they've finished.

Am I right on that?

- Well, so some of the estimates

are saying that right nowit looks like 3.5 trillion

but over time, it actually could be closer

to the numbers you'rementioning, five trillion,

because once theseprograms are put in place,

Republicans and Democrats know

that they are almostimpossible to scale back.

So these are programs

that once the bill puts them in,

we will likely have them forthe rest of our government.

And they could get veryexpensive over time,

and the price tag could get much higher

than what's being predicted right now.

- Abigail, thanks for your.