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any deal will needs to be approved by a divided congress, with a vote expected on wednesday. mccarthy spoke in the past hour. ijust got out i just got out of over the president. i spoke to him twice today. after weeks of negotiations we have come to an agreement in principle. we still have a lot of work to do. but i believe this is an agreement in principle that is worthy of the american people. it has historic reductions in spending, consequential reforms that will lift people out of poverty into the workforce, rain in government overreach. there are no new taxes, no new government programmes. there is a lot more within the bill. we still have more work to do tonight to finish all the writing of it. i do want to take a moment, though, and thank gary graves and patrick mchenry for their work on this. and for all the work that we re going to continue to do. and i know you will have a lot of questions. i m not going to take them tonight. out of respect i to breathe our me ....
Of course, we have heard from the us treasury that they have until aboutjune five until the us would be unable to pay its debts. i want to bring in our north america correspondent jess parker who has been following the tests and turns as negotiations have taken place over the past days and weeks and months and it looks like we do at least have a framework for a deal in place. what is the latest you are hearing right now?- what is the latest you are hearing right now? both sides cominu hearing right now? both sides coming out hearing right now? both sides coming out the hearing right now? both sides coming out the first hearing right now? both sides coming out the first house - coming out the first house speaker kevin mccarthy, and now president biden, in what must be a record breaking lengthy tweet there. be a record-breaking lengthy tweet there. be a record-breaking lengthy tweet there. the president can tweet there. the president can tweet as long tweet there. the president ....
From the outset. what president biden and the white house working to do was to protect their court sort of spending programmes and projects, the inflation reduction act, for example. joe biden, i think, both of them out to sell the deal. we will have to wait for the details in order to see exactly what they have agreed. but crucially what we re hearing is that it is a two year deal. hearing is that it is a two-year deal.- hearing is that it is a two-year deal. hearing is that it is a two- ear deal. ., ., ., ~ two-year deal. that would take us to 2024- two-year deal. that would take us to 2024. that two-year deal. that would take us to 2024. that would - two-year deal. that would take us to 2024. that would push i two-year deal. that would take us to 2024. that would push us past the deadline for the next election, wouldn t it? fix, past the deadline for the next election, wouldn t it?- election, wouldn t it? a big win for the election, wouldn t it? a big win for the white elec ....
Republicans pushing i think for broader spending cuts in this deal. it doesn t look like these are deep spending cuts. essentially almost a spending freeze for the next two or three years. and democrats will be looking hard at what types of requirements were attached to any sorts of federal aid programmes. those appear to be redlines for the president. we know that they spoke earlier today on the phone. kevin mccarthy and joe biden, and we know they will be speaking again. thank you for reporting through this long night and this long weekend, jess parker. thank you for bringing us upto date. we can get more on this framework deal that we are hearing coming out of capitol hill. joining me live is leigh ann caldwell, a political reporter for the washington post, as well asjoel rubin, who served in the obama administration as deputy assistant secretary of state for legislative affairs. i would like to thank both of ....
And sometimes we pay too much what a millennial member of attention to the president, but congress can be. i would watch that language. she ll get a green deal hearing. second of all, trump is not much of a quitter. and she s proven that it s okay i know that he has bankrupt some for women to dance. companies and done this, but he that s right. is a player, he is a deal maker. both collegiate women and he obviously loves the job. congress women. so i don t see that. nothing wrong with dancing. by the way, whoever thought that that would be the only thing showing somebody being cool and that would have it mike pence having friends and doing a dance running for president, but we video was bad publicity for know that turns out very poorly them? i don t know. maybe they should rethink the and all our chances go down the whole political thing. they made her more popular. drain. one thing you have to remember, it costs $67 million to really so she won the week. get up and start running f ....