zdetail face a catastrophic detail taking default and fail to pay its bills. the house is currently on track to pass the bill, it ned need currently on track to pass the bill, it ned need to be currently on track to pass the bill, it ned need to be passed by the senate where it would head to the president's desk for signing. we are looking at these pictures right now, that vote taking place on the house floor. he our correspondent —— north america correspondent nomia iqbal joins me from capitol hill. you on capitol hill all day. what have you been seeing and hearing there? fix, what have you been seeing and hearing there?— hearing there? a lot of drama, as ou hearing there? a lot of drama, as you can _ hearing there? a lot of drama, as you can imagine, _ hearing there? a lot of drama, as you can imagine, has - hearing there? a lot of drama, as you can imagine, has that i as you can imagine, has that clock continues to take. just before the speaker of the house, kevin mccarthy, entered his chamber. we were outside his chamber. we were outside his office waiting for him to finish his recess, which was meant to finish at 715, but it went on for some time. it went on for about half an hour or so. there was a delay. we saw lots of people coming in and out. negotiators coming in and out. negotiators coming in and out as well. one of his staffers chuckled, part of the

gathered press and said, you will be happy to get out of here, just one vote. so i think the implication was that there is just one more vote to go. but when mr mccarthy did eventually come out of the office, i said to him, is it a done deal? is there just one boat to go? didn't answer the question. he began marching straight to the chamber. he was walking with his usual optimism and swagger, and i think the general view here is certainly that it general view here is certainly thatitis general view here is certainly that it is a done deal. we general view here is certainly that it is a done deal.- that it is a done deal. we are still watching _ that it is a done deal. we are still watching those - that it is a done deal. we are still watching those pictures | still watching those pictures of deliberations taking place on the house floor as we speak with you. the members of congress who have said they are going to vote no on this deal, what have they been telling you? what have they been telling ou? ., i. what have they been telling ou? ., ., ., you? so what you have two lots in both groups. _ you? so what you have two lots in both groups. you _ you? so what you have two lots in both groups. you have - you? so what you have two lots in both groups. you have the i in both groups. you have the democratic progressives who are very angry that this deal was even negotiated. remember, president biden said he would talk about spending cuts, but tied to the debt ceiling. and yet members of the house

freedom caucus, the ultraconservatives, and they have been pretty vocal. so you've got members like nancy mays, for example, who basically said that she is going to vote no to this. and she also said this whole threat of default is a scare tactic. she said to us, that treasury secretary could find a couple of buckets of money by monday. you also have ralph norman, part of the caucus committee ultraconservatives who is a big holdout. he said to the bbc that this is not a good deal. he will be voting no. we see it now, you know, and the chamber, the debates being held, kevin mccarthy, it's really interesting he made a point of how i took him so long, 15 rounds of voting to get the speakership, and that it also took him a long time to talk to president biden, 97 days, he said. he seems optimistic that he has got the votes that he needs. ., , ., needs. there was a... little bit earlier — needs. there was a... little bit earlier today, _ needs. there was a... little bit earlier today, what - needs. there was a... little bit earlier today, what did l bit earlier today, what did that indicate? 50

bit earlier today, what did that indicate?— bit earlier today, what did that indicate? so this was a sort of procedural - that indicate? so this was a l sort of procedural moments, bailey, and all of this. and what it did was basically help advanceit what it did was basically help advance it to the stage. it was like a debate, how long to debate, basically. it did show that the republicans announced the first indication that republicans are confident that they would get this over the line. it's worth remembering, for kevin mccarthy, this is really significant because this is a test of his, notjust his political ability, is a test of his, notjust his politicalability, but is a test of his, notjust his political ability, but his speakership. his reputation is on the line. he wants to show that he's able to make these deals, but also keep members of his party in line and still have confidence in him. take us throu~h have confidence in him. take us through what — have confidence in him. take us through what would _ have confidence in him. take us through what would happen - have confidence in him. take us| through what would happen next if this bill does indeed pass through the house as is expected. through the house as is “patted-— through the house as is exected. . ., , ., expected. the drama is not over. expected. the drama is not over- the _ expected. the drama is not over. the belt _ expected. the drama is not over. the belt still - expected. the drama is not over. the belt still has - expected. the drama is not over. the belt still has to i over. the belt still has to take a tortured passage, i guess through the senate. —— the belt still has to take a tortured passage. it needs 51

democrats in the senate. we already know when democratic senator, bernie sanders, has said that he is going to vote no to the deal. he says it harms american families. what will happen is that there is unanimous consent, let'sjust unanimous consent, let's just say, unanimous consent, let'sjust say, they will skip the debate that and go straight to a vote. but there are already a couple of republicans such as the senator, the republican senator lindsey graham who said that there will be cause for a debate. there will be roadblocks put there in order for them to talk about the bill will stop and the senate majority leader, chuck schumer, has said that he fully anticipates there to be these holdups, and he is expecting members to stay over the weekend. but if it does get through, it is monday, we know that that is the deadline, and so it has to get to president biden�*s desk by sunday in order for this to go through. so basically, there is very little room for error in congress if they want to get this thing over the line.

it isa it is a very tight timeline indeed. thank you so much at the capitol. we will be coming back to you a bit later after this debate continues and the vote starts. with me is sophia cai, national politics reporter at the news outlet axioslet�*s look at what this agreement does. you have been watching all of this very closely. what will you be looking for, once the voting starts, he will be looking for the yeas and nays. what do we know so far about who will be put voting yes and who will be put voting yes and who will be voting no? taste who will be put voting yes and who will be voting no? we know that mccarthy — who will be voting no? we know that mccarthy probably - who will be voting no? we know that mccarthy probably will- who will be voting no? we know that mccarthy probably will getl that mccarthy probably will get the votes he needs, but it is crucial to see just how many republican votes he's able to cobble together. we know he has promised democratic leader had been jeffries 150 promised democratic leader had beenjeffries150 republican been jeffries 150 republican votes, beenjeffries150 republican votes, crucially, he needs at least half of the gop conference to vote for this, otherwise he risks facing a motion to vacate, which is part of this deal that he had

brokered come up with the freedom caucus, that if he doesn't get at least half the republican conference to vote for any bill, they could go after hisjob. so for any bill, they could go after his job. so that is a lot of what we will be looking for. we already know that several dozen republicans have said they will not vote for it more than a0. we know that around a dozen democrats have said they will not vote for it. and these are people who are on the more extreme and means of the political structure, so the more conservative republicans, the very liberal democrats. none of that threatens to derail this vote passing? it doesn't look like it. derailthis vote passing? it doesn't look like it. the i derailthis vote passing? it| doesn't look like it. the big south from _ doesn't look like it. the big south from the _ doesn't look like it. the big south from the white - doesn't look like it. the big| south from the white house doesn't look like it. the big - south from the white house and from kevin mccarthy, the speaker of the house, the democrats, how did they try to sell this? —— the big salfrom the white house. it was struck over the weekend. —— the big sell from the white house. the white house has been doing

a lot of briefings about various sections of the bill. this is something we haven't seen before, the volume of communication to house democrats as to why they should vote for the bill. there are a lot of things that both parties, president biden as well as the leader are trying to tell their members that this is good for them to stop on the one hand, we have republicans who say my luck, this cut spending year over year, this bill also restart student loan payments in august, as well, it's clause back unspent covid funds and rescinds some of the irs funding. so that is on the republican side step the democratic side, democrats are saying, hey, look, this does nothing to change social security and medicare. it doesn't touch medicaid, and also, you know, this bill, while it adds work requirements, there is an exception for the homeless and for those who are veterans.

these are some of the key selling points that each party is trying to, you know, tell their members. we is trying to, you know, tell their members.— is trying to, you know, tell their members. we have not heard a whole _ their members. we have not heard a whole lot _ their members. we have not heard a whole lot from - heard a whole lot from president biden. so is he concerned about those democrats, those more progressive democrats who have lodged their concerns? president biden needs to really strike a fine line, right? because on the one hand, in the first place, he is not someone who likes to negotiate in the press. he's not someone who chats that much with reporters either in the oval office ahead of these meetings he's been having or before he gets on the helicopter or gets out. he has been very reserved with what he says to the press, and i think thatis says to the press, and i think that is because, left, if he says too much about how good this bill is for democrats, and may alienate republicans. it may alienate republicans. it may give them a reason not to vote for the bill, so he has been very measured.- vote for the bill, so he has been very measured. that is a really interesting _ been very measured. that is a

really interesting point. - been very measured. that is a really interesting point. we i really interesting point. we are watching those images there of a debate taking place on the floor. we were talking about the nuts and bolts of the deal. let's take a closer look at what is in this deal and remind our viewers. what is in this deal and remind ourviewers. it what is in this deal and remind our viewers. it involves suspending the debt ceiling until 2025, so that means the government could borrow more money to pay its bills for the next two years. they would also be a ten year freeze on spending. except for defence, whose budget will increase to 886 billion dollars. unspent covid funds would be returned. the congressional budget office estimates this will amount to the government recovering about 30 billion dollars. welfare benefits will be slightly tinkered with, but there would be no major overhaul. funds to help the internal revenue service to enforce the tax code on america's richest. and new rules will make it easier for both fossil fuel and renewable energy projects to get licences. looking at that list of what this deal entails, what big concessions did the white house and president biden have to make in this text? i

and president biden have to make in this text?— and president biden have to make in this text? i think the snap work— make in this text? i think the snap work benefits, - make in this text? i think the snap work benefits, so - make in this text? i think the snap work benefits, so these | snap work benefits, so these are, sorry, work requirements to receive these nutritional vouchers is a big one stop and think republicans are also happy that student loan repayments will be restarted, so they will be due a month after, i guess notices go out. i mean, those are most of the concessions, and, of course, biden came into the starting from several months ago saying there will be no—deal that includes, you know, cuts. of course, you know, he had to make a deal and faced with mccarthy as a negotiator, a lot of the white house was involved, a team of three to five people. all of that, you know, it was this process, it was the sausage making, they finally figured it out this past weekend.— finally figured it out this past weekend. went out for kevin mccarthy _ past weekend. went out for kevin mccarthy and - past weekend. went out for - kevin mccarthy and republicans. suspending the debt ceiling until 2025, that is not exactly what the members on the far right of his party wanted, is

it? i right of his party wanted, is it? 4' , , ., it? i think the members on the far riaht it? i think the members on the far right of _ it? i think the members on the far right of his _ it? i think the members on the far right of his party _ it? i think the members on the far right of his party say - it? i think the members on the far right of his party say this i far right of his party say this doesn't go far enough. they say, look, we are not voting for this because it doesn't cut enough into the spending. you know, republicans, of course, argue there is too much spending in washington step we need to cut it back. they compare it to businesses who just keep spending more and more money. so, of course, the far right, as well as republicans running for office. ijust had a conversation with senator tim scott, republican senator tim scott, republican senator from south carolina. senator tim scott, republican senatorfrom south carolina. he is running for president of the united states. he is the only gop candidate who has a vote, and he said that when this belt comes to the senate, he will not be voting for it.— comes to the senate, he will not be voting for it. what was his reason — not be voting for it. what was his reason for— not be voting for it. what was his reason for that? - not be voting for it. what was his reason for that? he - not be voting for it. what wasj his reason for that? he thinks it doesn't _ his reason for that? he thinks it doesn't go _ his reason for that? he thinks it doesn't go far _ his reason for that? he thinks it doesn't go far enough. - his reason for that? he thinks| it doesn't go far enough. what would somebody _ it doesn't go far enough. what would somebody like - it doesn't go far enough. what would somebody like tim - it doesn't go far enough. what would somebody like tim scott like to see from this agreement? we have seen the speaker of the house say, look, we have got historic reductions in spending here. i we have got historic reductions in spending here.—

in spending here. i have to say that he did _ in spending here. i have to say that he did not _ in spending here. i have to say that he did not lay _ in spending here. i have to say that he did not lay out - in spending here. i have to say that he did not lay out exactlyl that he did not lay out exactly what he wants to see, but he said, look, this bill does not go far enough, and he also commended mccarthy for negotiating with biden, someone that sender scott said is a reluctant negotiator stop i do think that's more about his presidential campaign then it is about the contents of this agreement?— is about the contents of this agreement? is about the contents of this aureement? . ,, ., , ., agreement? yeah, he knows that, and i'm agreement? yeah, he knows that, and i'm sort _ agreement? yeah, he knows that, and i'm sort of— agreement? yeah, he knows that, and i'm sort of taking _ agreement? yeah, he knows that, and i'm sort of taking his - and i'm sort of taking his words and going a step further with them, but i think he knows that at the end of the day, there is going to be enough republicans in both chambers to vote in order to prevent a catastrophic default. i asked him as a follow—up to my said do you think it is worth risking a default? he said no, but he continued to rail on the ways that democrats, and he uses the phrase the radical left, is irresponsible fiscally. left, is irresponsible fiscally-— left, is irresponsible fiscally. that is really

interesting. - fiscally. that is really interesting. we - fiscally. that is really interesting. we keep| fiscally. that is really - interesting. we keep talking about what has been set on both sides of the aisle and went the white house is and isn't insane. we have a trip ofjob fight -- fight —— a clip ofjoe biden speaking earlier today. he remains optimistic about getting a deal past. legal deal with the debt _ getting a deal past. legal deal with the debt ceiling. - getting a deal past. legal deal with the debt ceiling. we - getting a deal past. legal deal| with the debt ceiling. we have, i think things are going as planned, god willing. i will have, i will be landing in colorado tonight in preparation for my commencement speech at the air force academy tomorrow. god willing to him about the time i land, congress will have acted from the house will have acted from the house will have acted and we will be one step closer. what do you think they are going to hearfrom him tomorrow once we hear and find out what happens with this boat that is expected to pass? i happens with this boat that is expected to pass?— happens with this boat that is expected to pass? i think he is ttoin to expected to pass? i think he is going to say — expected to pass? i think he is going to say that _ expected to pass? i think he is going to say that we _ expected to pass? i think he is going to say that we are - expected to pass? i think he is going to say that we are yet i going to say that we are yet another step closer, but, going to say that we are yet anotherstep closer, but, of course, tomorrow we want to be there yet. this bill still needs to move to the senate, has to go through a procedural vote, then it has to go to the full senate floor for a vote. through that whole process, there is amendments, you know, it is very likely that there is

going to be a number of senators who propose amendments that they want looked at, and one of those examples is senator mike lee. previously, he had threatened to hold up the entire process, and he can, and today, he has changed his view to say, look, i will not be voting for the bill, but i will also not hold everything up, as long as my amendments are considered.— are considered. what are in these amendments? - are considered. what are in - these amendments? you know, i'm not tuite these amendments? you know, i'm rtot quite sure _ these amendments? you know, i'm not quite sure yet _ these amendments? you know, i'm not quite sure yet as _ these amendments? you know, i'm not quite sure yet as to _ these amendments? you know, i'm not quite sure yet as to what - not quite sure yet as to what amendments are out to. i'm not sure if they are public at. but, you know, some of the issues that are republicans, especially far right republicans concerned about the border, fenton all, you know, these are some issues that could potentially come up, and these are the issues that we have seen republican members offer amendments on. so have seen republican members offer amendments on.— offer amendments on. so is the white house — offer amendments on. so is the white house really _ offer amendments on. so is the white house reallyjust - offer amendments on. so is the white house reallyjust sitting l white house reallyjust sitting back here, or do you think

president biden�*s team, they are on the phones right now