a major budget deal that could bring peace to washington. republicans and democrats and the white house hammered out agreement to avert a shutdown and avert a default on the debt. the deal is dividing republicans. many say retiring speaker john boehner gave too much away in the negotiations with democrats and the next speaker, paul ryan, should have been part of the negotiating team. many republicans believe this is the best deal they can get. speaking for myself, the outline presented seems like a path forward. we should read the bill before we vote on them. some of us remember that from 2010. things like presumptive speaker should be negotiating, not just the outgoing one. can they stop a deal before it is set for a vote tomorrow?
and the big budget deal. greg has his finger on the pulse of all this stuff in washington. greg, this deal, does it resolve the discord in the republican party and put the debt ceiling debate and shutdown off the table and bring peace to the force? balance to the force? it is actually a really big deal, christine. i m usually kind of cynical. i think this is important for the financial markets. it means we will not have a default crisis. we will probably not have a government shutdown in december. it means we can go until the spring of 2017 before we have to revisit a lot of the issues. maybe most importantly, i think it now puts the u.s. in the camp with the rest of the world of being stimulative. i think now fiscal policy will become more stimulative.
i think this is a big deal for the financial markets as well. you are paid to worry, greg. that is your job. you are paid to worry. i do it for free. you are paid to worry about washington and the pocketbooks. if this happens and this is off the table, what is the path of least resistance? christine, a little more spending and this will provide more stimulus. i don t think it is that bad. i think it is probably a plus. the budget deficit continues to fall because of receipts. not spending. receipts look really good. the economy is getting better. it is helping the budget deficit. unemployment is dropping. payroll taxes are up. corporate taxes are up. then specifically for sectors. i think the market will look favorably on defense stocks. that is the purest play in
president may have a major fiscal deal on john boehner s final days in office. john and christine. manu, thank you. donald trump will be in iowa trying to whip up support in sioux city. he has said he has work to do in his own words in iowa. a new poll finds trump second behind ben carson among iowa republicans. in the monmouth university poll, carson at 32%. trump at 18% and jeb bush at 8%. new details in the campaign. this is a rally for donors in houston. this is the first time jeb appeared on stage with his brother and also there is barbara and his father george h.w. bush. today, jeb bush arrives in colorado ahead of the republican debate in boulder. and bernie sanders passed on
we have cnn s manu raju from capitol hill. reporter: to avert a possible debt default next week. this deal raised the national debt ceiling until march of 2017. essentially taking the fight off the table in the election year. in addition to that, it would raise domestic and defense spending by $80 billion in an effort to apiece the defense hawks and cuts known as sequestration. in addition, there is increased domestic money to apiece democrats that are worried of the same sequestration to hurt the domestic programs. this deal is pushed aggressively by john boehner. he wants to really, what he says, clean the barn up before his likely successor paul ryan assumes the speakership later this week. the question is how will house republicans in the rank-and-file