How the Death Master File Figures Into Budget Deal

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Dec. 11 (Bloomberg) -- Bloomberg chief Washington correspondent Peter Cook reports on Capitol Hill’s reaction to the budget committee agreement on Bloomberg Television’s “Market Makers.”

It will.

We just left the scene outside where the house republicans are meeting behind closed doors.

Paul ryan made a convincing declaration according to darrell issa.

He expects a majority of majority of house republicans to pass this proposal put forward by paul ryan and patty murray.

His vote counting was pretty good usually.

They think the majority of the house republicans will back it.

We have heard from some republicans and do not like it.

Democrats left the room and i heard skepticism from two of them.

They don't think this goes far enough to help those who are hurt by sequestration and those who are unemployment benefits might lose those benefits.

If it passes, it doesn't pass overwhelmingly is what it sounds like.

Let's talk about how it is getting paid for.

Sequestration was supposed to cut spending by $80 billion next year.

How do you cover for restoring all of that spending?

It is a grab bag of random user fees, revenue raisers come and other areas.

No to if he could tax increases.

It includes the aviation security feat that hits the passenger every time they get on a plane.

It will be raised to more than five dollars per flight.

You have changes to federal and military pension plans.

There are other changes as well.

The bottom line is that none of these have shown owners they will blow up the deal.

It is my understanding that something called the master file plays a role in those budget agreements.

What exactly is that?

What role does it play?

It stands out as being perhaps the quirkiest of these out here.

It has kept the commerce department and the social security ministration in particular.

It is a list of who died in this country in a given year and it is used by companies to verify if someone has died.

To send their benefit payments to beneficiaries and it is used by the government as well with regards to things like debt.

There are changes that would penalize the misuse of that master file, up to $250,000 a year.

How much they hope to raise.

There has been a very unusual thing and people might worry about the file.

The government hopes to make it a money raiser.

Thank you very much, our chief washington correspondent

This text has been automatically generated. It may not be 100% accurate.


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