republican caucus. i think that is why he s been out there trying to talk to the press, and now he s going to talk to his republican colleagues. because he has to rein them back, because they ve gotten so crazy. here is the other side of this narrative, congresswoman chu, that i think it is important to establish as we get ready to hear exactly what this deal is going to be. that is the impact that it has on families out there. what the markets look like on tuesday, when they opened after the holiday, all of those points really matter. so do you anticipate the administration at some point, maybe the president or certainly janet yellen, sort of contextualizing that moment come tuesday? when folks get over their three-day holiday at the beach. and now focus on the fact that we dodged a bullet here.
has to know really what the deal is. that s really important they ve been haggling back and forth over the republicans have over inclusion of work requirements for programs like temporary assistance and needy families, what we know as welfare. i think this is a real problem that the president has in terms of maintaining the unanimity that he has had with the democrats and congress. the house in particular. so i think we will see what the final structures are of this bill. but it means that the president has to both maintain debt unit nvidia meng democrats. but that kevin mccarthy, that has a much more fraction to caucus, is going to have to deliver his votes as well. congresswoman edwards, stick around. we want to shift now to additional breaking developments in the manhattan district attorney s case
we dodged a big one. what does this set up going forward, particularly if this deal is not a longer term deal? well, i think we certainly didn t need to have a deal. but i think it should have been a clean deal. in fact, as congress member lieu, said, trump was responsible for 25% of the deficit. but they raised the debt ceiling three times in a clean bill. they didn t require any of these kinds of impediments to their bill. but if we didn t reach a deal, yeah, the average american person would clearly see a hit. because the stock market would immediately go down. the average worker, close to retirement, would take a 20,000 dollar hit to their retirement
income people. and cut off food stamps for 275,000 people. it was not because of some crisis or some scandal, it was just republicans making these demands. because the debt ceiling gave them the opportunity to do so. so, i will be very anxiously awaiting the details, to see whether that includes any of this. so congressman, lou, talking about the details, i know that democrats, they were very skeptical about going too far on the concessions. we don t know what the contours or the outlines of this deal are at the moment. do you think from your last conversations that those lines have been held, in terms of how far the democrats would go in conceding on some of the cuts and spending requirements that the republicans want to put forward? we have repeatedly informed
some of the biggest sticking points we ve been talking about concern spending cuts to domestic spending. that is what republicans want. they wanted in the shape of work requirements, of permitting reform. other areas that they believe they can get that done. we don t know the exact outlines of that deal. it remains to be seen how democrats feel about it. which i m told, as of this moment, they do not have a call scheduled to go down. the contours of the agreement. we will see what we get in just the next few moments as they have this phone call of course. julie, one quick one for you. have you been hearing any grumbling from either democrats or republicans as there are being fed what this potential deal is? not yet. right, you ve seen a lot of public posturing all day. a lot of republican members in the house freedom caucus pointing me to their latest tweet, their latest public comment. trying to keep the pressure on republican negotiators, on speaker mccarthy, who of course wanted