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
before the u.s. defaults. not everyone is confident a deal can be reached, with at least one top republican negotiator warning a deal could come together as soon as today or fall apart entirely. what is the mood on capitol hill right now? reporter: good afternoon. the mood is more optimistic than we ve heard in days. negotiators here this morning are saying they think they re closing in on a deal and really it s all about having an agreement on the agreement and hashing out the remaining sticking points, which we re told are on work requirements and spending caps. we heard speaker mccarthy came to the capitol shortly before 10:30 a.m. this morning. he says he feels more confident than he has and they ve made progress, but some sticking points remain. i asked him if he thinks he would be able to get his full conference behind whatever deal they re able to strike, and he said he does think that will happen. he also said he thinks a deal could potentially come together as earl
round-the-clock negotiations are on in washington as america faces the very real chance of a potentially catastrophic debt default. house speaker kevin mccarthy saying today he sees progress, but there are still major sticking points that need to be ironed out on everything from spending caps to work requirements. one top republican negotiator warning a deal could be reached as soon as today or they could collapse completely. meanwhile, the national deficit is growing every second, and with no deal in place the u.s. could run out of money to pay its bills, which could have a disastrous impact on the economy. the treasury secretary now saying that could happen in just eight days. cnn s covering all of the angles. what are the obstacles reaching lawmakers from reaching a deal? negotiators were in the capitol until 2:30 a.m. this morning and now they re back in house speaker kevin mccarthy s office meeting virtually with the white house as they continue to try and hash out the
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