everyone. thank you for joining me. i m fredricka whitfield. a deal to avoid a debt default is about to be revealed. president biden and speaker mccarthy are finalizing an agreement to raise the debt limit. president biden saying this earlier today. i m about to go in and call mccarthy now at 3:00, make sure all the ts are crossed and the is are dotted. i think we re in good shape. house leaders expect the bill to be voted on as soon as wednesday. speaker mccarthy is confident the deal will pass. february 1st i sat down with the president. i said let s work together to be able to raise the debt ceiling but curb the amount of spending, to let mark be able to work again, cut red tape, get some work requirements to help people get back into work. i think this agreement frames all that from limit, save, grow. it doesn t get everything we wanted. we did a conference call with our conference and over 95% were overwhelmingly excited about what they see. they re getting a text
inning spending, consequential reforms that will rein in government overreach. there are no new taxes, no new government programs. jason: here is what we mow is in the deal: it suspends the debt ceiling until after 2024 election, no increase in non-defense spending for the next fiscal year, and it caps it at 1% the following fiscal year. it also increases defense spending and money for veterans. we re also learning it claws back some unspent covid-19 pandemic funds and cuts nearly $2 the billion in money used to hire new irs agents. it also reportedly expands work requirements for some adults receiving food stamps but no work requirement changes for medicaid. the house republicans are expected to come back to the washington on tuesday and and vote on the bill on wednesday. we ll take it up with congressman brian mast and congresswoman beth van duyne. meanwhile, china has spent the week courting african countries like the democratic republic of congo for rare either minerals
and a big win for the fantasy adventure film everything everywhere all at once, after a succesful night at the screen actors guild awards in hollywood. good morning and welcome to bbc news. the prime minister and the european commission are due to hold final talks on a new post brexit trade deal for northern ireland today. rishi sunak and ursula von der leyen will meet in windsor to discuss complex challenges around the exisiting deal what s called the northern ireland protocol. there will be a cabinet meeting in the afternoon, where an update on those talks will be given. if a final deal is agreed, the prime minister and ms von der leyen will hold a short joint press conference. rishi sunak would then make a statement in the house of commons. so, what is the protocol and why is it important? it was created after brexit to avoid border controls between northern ireland and the republic of ireland which is an eu member. effectively, it leaves northern ireland within th
i m martine croxall in the studio in london. also in the headlines this morning. more than 60 people are now confirmed dead including 12 children after a boat carrying migrants sank off the southern coast of italy. fresh calls for the uk government to stop energy bill rises in april as the energy regulator announces a new price cap. early results from the nigerian elections show support for the governing party is holding firm. observers say it s still too early to predict who ll win the presidency. and big wins ahead of the oscars for the fantasy adventure film everything everywhere all at once, at the screen actors guild awards in hollywood. hello and welcome to bbc news. we are in windsor, about an hour outside london, not in westminster, which has seen of course so much of the brexit drama, but we are here today because we are told that ursula von der leyen and rishi sunak will be here in a couple of hours time, also, in orderto will be here in a couple of hours time