$17.3 trillion about to go higher. on this hour of "happening now," i am jon scott. jenna: hi, everybody. hope you're off to a great day. i am jenna lee. the senate may agree on a one-year extension of the debt limit. approving the increase with no strings attached. john boehner backing off from a fight with the president had spending cuts played out a few times. live on capitol hill with more on this. what is the latest on the timing when the senate may take up the debt ceiling extension? >> a deal has been reached and we expect less than two hours there will be to vote on the debt ceiling and the senate will vote on the house bill two extend military retiree benefits. they foun sounded somewhat conc. >> unfortunately republicans on the side of the capital are