earlier today, president biden told reporters, he is confident a deal will reach his desk. and no more sticking points to iron out. msnbc news has also learned part of the deals raising the debt limit for two years, avoiding another debt showdown before the 2024 election. the deal also clause back some unspent pandemic funding, we ll talk about what that means. and shaves off some irs funding. it also expands work requirements for certain adults on food stamps. speaker mccarthy also spoke to senate republicans this afternoon about his deal at the white house, two sources tell msnbc, republican retold the bill 150 pages. and will include 15 pages of spending cuts. this morning, he told reporters, he expects a vote on the bill as soon as this wednesday. we did a conference call with a conference over 95% were overwhelmingly excited but what they see. they re getting the text today, the process, look, in every single negotiation, when it comes to debt ceiling and others, you
we begin this hour in washington where president biden and speaker mccarthy are rallying support for their tentative deal to extend the nation s debt. the agreement will likely need votes from both republicans and democrats to pass the house. mccarthy says the vote could come as soon as this wednesday before it heads to the senate. just moments ago, president biden said he is confident this will pass both chambers of congress. the speaker and i made it clear from the start that the only way forward was a bipartisan agreement. that agreement now goes to the united states house, and to the senate. i strongly urge both chambers to pass that agreement. let s keep moving forward on meeting our obligations and building the strongest economy in the history of the world. in the meantime, majority leader chuck schumer is alerting his conference they should be prepared for a final vote in the senate as soon as friday. mccarthy also talked with senate republicans this afternoon, tel
a whole lot of bipartisanship is needed to get this deal done. house financial services committee member ways and just moments from now. first, let s go to chad program on capitol hill. good evening. hinging on two things. the persuasive powers of president biden and house speaker kevin mccarthy. trying to gen up his site geared at reminding the gop his side only controls the house. i think this agreement frames all of that. it does not get everything everybody wanted. that is divided government. it is not 100% what everybody wants. when you look, the country will be stronger. this will be transformational where congress will vote to spend more money this year than we spent last year. some gop members incinerated the speaker on twitter calling the delay deterred sandwich. he also accused the speaker a fake. opposing fake mandates for people to receive benefits. i think that it is really unfortunate that the president open the door to this. not just the progressives,
st the far enough away that between here and washington, d.c. they stop to refuel in alaska. and so it s going to be a while until he gets back with home. a big part of the reason they came to hiroshima, the leader of the world s seven is largest economies, is to figure out what to do about a rising china, especially in this region. and the president got a question about chinese military actions, particularly the lack of contact there has been between general lloyd austin and his counterpart now that a hotline has been down, and the president had a fascinating answer where he explained why he thinks that things are so cool wean the u.s. and they that right now. we should have an open9 hotline. at the bali conference, that s what president xi and i agreed we were going to do and be with on k. and hen this silly balloon that was carrying two freight cars worth of spying equipment was flying over the united states, and it got shot down and everything changed. in terms of talki
progressive democrats will get their chance to sound off at a news conference later this hour. the chair woman threatening repercussions far from washington if president biden gives in to gop demands for spending cuts. i think it would be a huge backlash from our entire house democratic, you know, caucus, progressives, but also in the streets. sandra: and the dow did take a hit over a lack of progress on those debt talks. here you have it, down for the entire session at the moment off 200 points as we head into the last couple hours of trading, we ll be watching it. welcome back. john: the dow goes down, the dow goes up. let s hope. sandra: i knew that was coming. john: america reports rolls into a second hour. john roberts in washington. a lot of heads, sandra. sandra: sandra smith in new york. john: larry kudlow with his take in a few minutes, but begin with the fox news alert. my name is yolanda. [gunfire] stay down and get down. john: brand-new video