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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 ....
That continues. joining me now is the white house correspondent monica alma, monica, good morning to. you what is the latest from the white house. we have heard much more from kevin mccarthy and house republicans than we have in the white house, which is issued a fairly limited statement. exactly, ali. president biden was at camp david all day yesterday. he departed this morning to go to delaware, where he is now currently attending his grand daughters graduation from a high school there. and then he will be traveling back to the white house later this afternoon. but we do know that he intends to call speaker mccarthy there. they are expected to have another one of these phone conversations by two p.m.. and that is likely because they may still need to hammer out some details ahead of that legislative text being released, which, as you saw, speaker mccarthy say last night, the intention is to get that out this afternoon so that the 72-hour period can begin. but i think the most criti ....