thousand point drops in the stock market. one day after the next. all right, all right. i m calling time. we ll continue the conversation. george? let s do bring in phil matingly. following the developments there on the senate floor. we understand the senate has enough votes to pass this budget deal. that s exactly right. they passed the threshold in terms of votes they need. the vote is open. it isn t final. the bottom line is the senate has enough votes to pass this $3 $300 billion budget deal. we have been talking about the next steps. this needs to move@to the house. that will take a couple hours. between 3 and 5:00 a.m. it will take time to go fard forward. a will the of unanswered questions here. to put in perspective. the scope of it. what it entails and takes off the table in the future.
of the sanctions. that s the way it should be. i m not exactly sure what the parties have agreed to because they are taking two different positions. just one more point of final clarity here, do you want the ability for congress to weigh in before the final deal is reached in june or are you willing to wait until after they hammer out details they laid out? certainly this should be after they hammer out the details. it isn t final until congress signed off on it. i think everyone agrees to that. constitution is clear on that. it s not technically a treaty. it very much is. they call it an agreement. i have said over and over again, you can call a dog a cat, but whatever you call it, it s still a dog. this is a if you get out websters and look at definition of a treaty and what founding fathers were talking about was an agreement between one or more nations. that s what we re dealing with here. if the president decides on an agreement, that lasts for the