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why rob portman is hopeful. mick mulvaney is warning. and steny hoyer is fighting mad. they re all here and only here. we begin with blake burman with the latest. blake? it s clear here in the halls of the capitol as house republicans mark up their bill and the senate will release their bill later this week. there s a host of issues to work through. earlier today, the club for growth, an influential republican group put out a note saying they have issues with four different things on the individual side of this house republican plan. here they are. top tax bracket for millionaires with the possibility that those that make in the low million dollar range can see the top end taxed north of 45%. they take issue with a portion of pass-through profits would be taxed 25%. growth. you had big deficits. it wasn t tax cuts that did it. cuts create growth and growth creates revenues neil: but you left out ronald reagan. i know. deficits didn t grow with him. the first two years ....
House Speaker Kevin McCarthy and President Joe Biden engage in productive discussions on the debt ceiling, as Washington faces a looming deadline. ....
A deal tonight? it would be better to have a deal sooner. if we can get a deal tonight or tomorrow, you ve got to get something done this week to be able to pass it and move it to the senate. reporter: is it possible to get it done? i think it s still possible. reporter: square my diamond is tracking this from the white house. one thing that s clear is he s not moving on his positions on work requirements for things like medicaid, spending reductions. has the president eliminated the non-negotiating options, this idea, for instance, of relying on the 14th amendment? we heard him make some comments over the weekend. is that path basically done? in other words, does he have to reach an agreement on the hill? reporter: i think the president made it very clear at the end of that news conference to phil mattingly that this is ultimately going to have to come town to congress. it s going to have to come down to an agreement between the speaker of the house, kevin ....
Fox s alexandria hoff live in d.c. with the latest. hi, alex. reporter: yeah. 10 a.m. local time in japan, so much earlier today, president biden did receive an update from his negotiating team here in washington. we don t know exactly what that was, but the white house did come out with a statement soon after saying that the president essentially feels that republicans have turned away from a good faith promise to negotiate and are holding the economy hostage. communications director ben lebolt writing, quote: any serious budget negotiation must include discussion of both spending and revenues, but republicans have refused to discuss revenue. house speaker kevin mccarthy said yesterday the white house is not giving enough movement on spending reductions. a meeting with republicans and negotiators for the president was cut short yesterday morning, it then resumed last night. that major sticking point you talking about, expanded work requirements that the gop wants for recipients of f ....