Ted Cruz: “Under budget reconciliation, you only need 50 votes to pass…”

“And the budget act sets up that when both chambers pass a budget, they come together and you reconcile the budget. By the way, none of that matters. That's all gobbledygook. Here's what matters. Under budget reconciliation, you only need 50 votes to pass it, not 60. So budget reconciliation is the vehicle that you can get around the filibuster and pass our agenda. So the reconciliation matters enormously.” (05:04–05:10)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.