carcasses. correspondent peter doocy starts us off tonight. good evening, peter. reporter: on this memorial day, president biden is expressing confidence that there won t be a debt default while also trying to express condolences to the families of fallen american service members. president biden: to those who gave our lives so our nation might live. reporter: hours after a solemn wreathlaying, president biden defended a debt deal that awaits congressional approval. president biden: i m confident with the conversation. i feel really good about it. reporter: the headlines, suspended the debt limit until 2025 and limiting federal spending. this will do as it increases defense. if you take non-defense with veterans out, it goes below the level of 2022. reporter: chip roy does not like the deal and sitting on the rules committee where the bill goes next. a reminder that brings big negotiations to build a coalition that it was explicit both that nothing would pass wa
pea be the answer to deforestation in the rainforest? scientists say they ve found a way to eliminate the taste of peas so they can be used instead of soya beans in plant based products. but will consumers be convinced? but first in the us, a deal on the country s debt ceiling took a step closer last night clearing its first procedural hurdle, despite a revolt from hard line conservatives. tonight it goes to a vote a make or break vote on the deal. without agreement, the us would hit its borrowing limit on monday. that would mean defaulting on its $31.4 trillion dollars worth of debt. in turn, that would mean federal and military workers would stop being paid, and the economy could fall into chaos. jordan weissman, who is washington editor of the political newsletter semafor. thank you for being with us. last night, thank you for being with us. last night, that thank you for being with us. last night, that deal thank you for being with us. last night, that deal
a deal done. talks are at a sensitive points. we have live team coverage from jacqui heinrich and chad pergram. i m sandra smith in for neil cavuto. this is your world. we begin with jacqui at the white house. things look like they re going to start happening here? well, sandra, there s a growing expectation we ll hear something from the president and from speaker mccarthy following this meeting set to happen here in 1 1/2 hours. after each side exchanged barbs over the weekend, biden and kevin mccarthy spoke by phone while biden was coming back to the u.s. white house negotiates met this morning on the hill. after the meeting, there was no exchange of fiery rhetoric. meaning it s likely the two sides are closer together rather than further apart. sources familiar with the negotiations tell me this is about where things stand. there s points of agreement on clawing back the unused covid funds and permitting reform. there s way to move forward and pharmacy benefits manager
they had to walk away with and sell to their members. you have to understand both truck schumer and paul mccarthy were facing internal pressures. from right links and leveling s, really pleased with how they still turned out. something that stood out to me is that the way chuck schumer was framing this message today. he was saying what was wasn t in the bill and what they re able to protect. that was something that they were republicans wanted in their bill they did get in the bill and spending, the reform, the debt ceiling height. the number of things, recording iris, funding covid, money a number of priorities. at the end of the day, as chuck schumer alluded to, not everyone s gonna love what s in the deal. that is usually the sign of a true compromise. washington. melanie, thank you for bringing us the moment by moment developments. reaching the finish line, really helpful.
not going to negotiate all he was accusing republicans of using hostage tactics in sinkhole things legitimate and saying that they should just pass a clean debt ceiling height in the end what seems to have happen is the two sides come together and negotiate and what you got was sort of a normal budget deal. it was a little bit better than what you would ordinarily expect, the party out of power to get in a budget negotiation, but it was not far off from the norm. so you are getting a temporary freeze on certain kinds of federal spending. you, the white house accepted that it was going to cut some investment in the irs and the tax authority that it had pass which had been a big deal. and there are some new work requirements on one of our major safety net programmes. but again this is not apocalyptic. democrats were mostly willing to swallow it. ~ ., , . ., ., swallow it. willing to swallow it of course the big swallow it. willing to swallow it of course the big question swallow it.