conference at the capitol. i just got off the phone with the president, i talk to him twice today, and 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 and principle that is worthy of the american people. i expect to finish the writing of the bill, checking with the white house and speaking to the president again tomorrow afternoon, and then posting the text of it tomorrow, and then voting on it on wednesday. thank you for your time, and i think this is very worthy of the american public. we do not have the full scope of the agreement, as the speaker, noted the bill is still being written as we speak, with the intention of completing it by later today. now, from what nbc news has gathered so far, the deal will to raise the debt limit until 2020, five it will keep it roughly flat while giving a slight boost of funding to defense, and if we are providing a new controversial work r
inning spending, consequential reforms that will rein in government overreach. there are no new taxes, no new government programs. jason: here is what we mow is in the deal: it suspends the debt ceiling until after 2024 election, no increase in non-defense spending for the next fiscal year, and it caps it at 1% the following fiscal year. it also increases defense spending and money for veterans. we re also learning it claws back some unspent covid-19 pandemic funds and cuts nearly $2 the billion in money used to hire new irs agents. it also reportedly expands work requirements for some adults receiving food stamps but no work requirement changes for medicaid. the house republicans are expected to come back to the washington on tuesday and and vote on the bill on wednesday. we ll take it up with congressman brian mast and congresswoman beth van duyne. meanwhile, china has spent the week courting african countries like the democratic republic of congo for rare either minerals
saying he feels closer to a deal today than he has before, but not everyone in his party is as optimistic. one top republican negotiator warning the deal is still teetering on the brink and could fall apart entirely. meanwhile, the national deficit continues to soar to new heights and treasury secretary janet yellen says there are only eight days remaining to pay america s bills. is everyone on board? reporter: we ll see about that. he came in to the capitol this morning and told reporters he s feeling optimistic and thinks progress has been made and really they re focused on a few remaining sticking points for this deal. i am told the goal is to have a deal announced by the end of today. we ll see if they can get there. we have new reporting about what the outstanding issues are. one of them is a provision to impose new work requirements on some social safety net programs. i m told they made some progress on that in negotiations last night. we re going to see today wheth
work requirements. but a lot of democrats say those work requirements are a red line. it could cost swing seat lawmakers in 2024 they warn. democrats say this whole crisis is manufactured, the only reason it is a problem is because republicans needed a political ax to swing at the democratic president they argue pointing to matt gaetz. he admitted they say, he called the debt ceiling his, quote, hostage. punch bowl has reported hakeem jeffries is conveying that message to the white house while also assuring house dems the white house is listening. at the same time punch bowl says jeffries is warning the white house they can t assume that they will have the 80 to 100 democratic votes they will need. so let s ask again as it becomes increasingly likely that kevin mccarthy and president biden will come to a deal, who can they count on to vote for it? joining me now is kayla tausche and also garrett haake. so kayla, where is the president going this weekend, is he going to camp d
danger to the country given what the country saw on january 6th and the ongoing threat to democracy. thank you. that does it for us. this edition of andrea mitchell reports . and now chris jansing reports. hello. i m chris jansing in new york city. tallahassee, we have a problem. ron desantis glitchy campaign launch sparked gleeful attacks on his opponents. will it also fuel new questions about donors? about whether the governor is ready for a political fight? and how does his team put their rough start in the rear view mirror? plus, the house gop ditching d.c. without avoiding an economic catastrophe. touting progress but making no promise about where things go from here. and breaking news, an 18-year sentence for oath keeper responder stewart rhodes. we start with ron desantis. his newly minted presidential campaign forced into damage control on day one after his decision to announce live on twitter got maybe the worst reviews for a presidential kickoff in rec