>> welcome to a second hour of a man, i'm michael steele in for a minimally dean. nbc news has confirmed that according to three republican

sources, a tenet of agreement has been reached between a public and leadership and the white house on a debt ceiling deal. the contours of the agreement will be relayed to gop members on an all-member call happening later this hour. and in just a few moments, we will hear from speaker kevin mccarthy we will bring those remarks to you live when they occur. joining me now, shermichael singleton, and host of the shermichael show on sirius xm. jonathan alter, and nbc and msnbc contributor, and ashley pratte oates. and nbc thank contributor and political strategist. while everybody. welcome to the hardest moment you could possibly be welcome to. this is a crazy moment, jonathan. what do you expect to hear from the speaker when he gets in front of those microphones after what has been at times a contentious row with the white house over this debt ceiling plan? >> look, we don't know for sure

what he's going to say. but you can expect him to spin this in a way that seems like they got something, they got some deficit reduction, they got some concessions. and i think he will say, frankly, what he has said in the recent past which is that going over this cliff, defaulting on the full -- of the united states, which is not an option. there was no other option than some kind of compromise. and i think he has enough republican support that even if the crazies peel off -- some of the crazies peel off, and even some liberal, very progressive democrats peel off, they will still have enough votes to get this through the house. so i think they will solve this problem. it was a problem of their own making. the republicans tried to hold the country in the local economy hostage, and they

walked it back, and they did this in 2011, and on earlier occasions. and will be passed all this pretty soon. >> shermichael, i want to pick up jonathan's point on, this was a problem of the republicans on making. because my impression is that it's not necessarily the narrative that was picked up on the street. that the republicans had been fairly effective at going out and sort of framing this in a way, agree or disagree with the framing, but they've been in that moment or in the ears of the american people. how do you think the democrats pivot off of mccarthy's remarks this evening, to jonathan's point, he's gonna put that spin on it. we actually won here folks. we how does the white house spin-off that? and is this a win ultimately for the president, that this deal got done, regardless of everything else? >> yes, i definitely think it's a win, regardless of what the nuances of the details are.

certainly no president wants to be the first president in history to see the u.s. not pay its debt. but to the initial question we, chairman steele, or -- how effective republicans have been, every single day, whether on social media or various encounters with the press, you see speaker mccarthy, his negotiators, other senior individuals of the house republican leadership constantly speaking to the press, bringing the message home. and on the other side, democrats from the white house we haven't heard much. so i'm really intrigued to see if we will hear something from the white house, a statement or released maybe earlier next week. i wonder what the details are going to be as it pertains to work requirements for a safety net programs such as snap benefits, medicaid, how will democrats spin that if the president does indeed agree to it. i'm curious to see what agreements were made as a pretense to defense spending. some have alluded to the fact

that there might be a slight increase in defense spending. it's something progressives and many democrats typically haven't been in support of. i also think on the flip side, speaker mccarthy's gonna have to be concerned even though i think jonathan is right, there may be enough votes to get this passed over to the senate. it only takes one republican to cause a nightmare for speaker mccarthy and i'm hoping that something that could be avoided here until the deal is done. >> there are a lot of nightmare scenarios that could play out if this deal proceeds sideways by the republican house caucus. but i actually want to ask you a broader question about the moment. is this our new normal? where we find a situation where dems are trying to find republicans to vote with them on a deal or a situation where the republicans have the presidency and they just pass a clean debt deal as they did three times before under trump

without any noise or histrionics. it what does this situation look like from your perspective going forward after we've seen what played out here? >> i hope this is the new normal by way of bipartisanship and seeing negotiation play out. this is something the president ran on, this is exactly why there are many independents who turned out to vote for him, because they thought he could reach across the aisle to get things done. what we do know is that in this situation, had our government been held hostage and had we've been in a situation where we could've paid our bills, the american people would have suffered as a result. this is exactly why joe biden is meeting this merck a moment. and when he speaks, i hope he speaks to that and he speaks for every american, which is exactly what his campaign message should be going into 2024. now, i'm a little less optimistic than the others on this panel because i'm having flashbacks from the mccarthy

speaker vote and i have a feeling this is gonna get really nasty for many reasons. republicans aren't gonna want to see this as a win despite however mccarthy's gonna wanna frame this in a couple of minutes. so i think moving forward this could be a moment for the president to really capitalize on being a president for every american because republicans are going to see this as a way to get nasty and to get aggressive, and to really take this to the campaign trail as a way to, i, think go against republicans who made this deal. >> jonathan, one of the interesting dynamics of this was janet yellen. she sort of early framed this conversation, not just in this moment, but coming into this moment, during the interrupt numb, the transition after the november elections where she talked about, well, democrats should take the opportunity to get a deal done before this new

congress comes in. and a ban setting in motion the timetable here. how do you see her role in sort of orchestrating and managing this on behalf of the white house and the possibility of the role she played in sort of framing this deal that we now seemingly have? >> >> michael, i wrote two books about the obama administration. i'm writing -- which i am not, i would probably be critical of the white house for not taking janet yellen's advice and dealing with this problem in the lame duck session at the end of last year when they still had a majority in the house. they could've just passed a clean debt ceiling bill and not had to deal with all of this. and you can see this train wreck coming and they may have avoided the worst of the rack, but they should've taken janet yellen's advice, and i think

that historians will say that. but, she didn't have a lot of credibility or a lot of cloud going into this because she had not called the inflation question properly, she had underestimated the degree of inflation that we would suffer in the next couple of years, so her advice was not taken and that forced biden into these negotiations that he probably in retrospect would've preferred not to have. at least it looks like we won't have protracted 14th amendment possible constitutional crisis where the supreme court would be deciding on the full faith and credit of the united states. it looks like we may have avoided that worst-case kind of scenario where you have downgrades and depression. but there is a cost to us to really all the politicians involved on both sides.

the public doesn't like to see this kind of brinkmanship, and i think they're mostly going to react with some sense of relief, but also pox on both their houses attitude towards this. pox on both their >> that's an interesting point, for michael, because you have a situation because of a situation where people will be looking for votes. the democrats are going to be looking for some republican votes or republicans are gonna be looking for a democratic voice here because, as indicated, not everyone on the hard right or hard left are going to be happy with this deal. they just aren't. that's the essence of what a compromise deal does, it takes some people off. that's okay as long as you have the votes. how do you see that part of this playing out? the politics of that playing out for both biden and mccarthy trying to get the votes? >> that's a good question. i think the president is going to have an easier time keeping

democrats in step for the most part. i'm pretty confident and saying that. but i have to tell you, i am really, really worried about the speaker's ability to whip enough republican votes because i wonder if part of the democratic -- this will be blamed on republicans. and i don't know how many members of the freedom caucus will support this depending on what the details are. are there gonna be members of the freedom caucus who may whip other members and the republican constitutes, generally speaking saying, are you sure you want to take this vote? are you sure you want to risk being primaried against someone who maybe further to your right? so there are a lot of complex dynamics here that i think the american people really need to understand as it pertains to the position that the speaker is in, which is why i'm so optimistic -- >> shermichael, we've got the speaker speaking now. let's listen to the speaker of

the house. kevin mccarthy. >> work to do. but i believe it's an agreement in principle that's worthy of the american people. it has been historic in spending, consequential reforms that will lift people out of poverty into the workforce, there are no new texas, no new government programs. there's a lot more within the bill. we still have more work to do tonight to finish all of the writing of it. i do want to take a moment though -- i want to thank garrett gragson and patrick mckinney on all the work on this, and for all the work they're gonna continue to do tonight. i'm sure you have a lot of questions, i won't take them tonight. out of respect -- i want to brief our members about where we currently are. 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 be voting on it on wednesday. but, thank you for your time.

i think this is very worthy of the american public. [inaudible] >> that was speaker of the house kevin mccarthy. sort of giving a very quick assessment of negotiations this evening noting that historic reduction and spending, raining in government overreach, and no new texas part of this new debt ceiling deal. back with me, shermichael singleton, political consultant and host of -- i got lost there. who else, jonathan alter, ashley pratte oates, and shermichael with me. what's your quick reaction to what you heard there, jonathan? >> well, you know, what he said was basically pablo republican dogma which really nobody in the republican party could've object to as a top line summary

of their deal. but what struck me is that there were three republicans standing there. the only really need two more in their entire caucus. they don't need the freedom caucus. they just need two more republicans and if biden can hold off the democrats, then it passes the house. let's say there are five democratic progressives who can't vote for this for some reason, then mccarthy needs seven votes out of the entire republican caucus, you would think he'd be able to get seven votes. so this deal looks to me like it's on track. and i also think we should not jump to conclusions about the social safety net having been shredded or something like that in the steel. i think the president ands deeper shediac, his other

negotiators protected needy americans in this. the outlines of the compromise as they were suggested to me in the last few days are that they are going to cut about ten billion dollars that was marked for the irs, more enforcement in particular, the irs in the inflation reduction act. they were gonna take that to offset some of the cuts in discretionary programs that the republicans are demanding. that really is -- instead of having to take enforcement at the irs, for example, instead of having a 45 billion dollar increase [inaudible] it'll only have a 40 million dollar increase meant. that's still a lot of money, the irs will upset some of these cuts. i think democrats are going to look at this compromise and -- i'm still speculating here, and

not be as disappointed as they might be fearing tonight. >> let's get a sense of what democrats may be thinking, jonathan. joining us now is former democratic congresswoman debbie mccarr so powell. congresswoman, great having you on in the midst of this breaking news. give us your sense -- on assessment of what you heard from mccarthy and if you've had any conversations with members, what are you hearing among democrats right now? >> well, good evening, michael. look, there's been a lot of anxiety for members for some of the members that i served with the democratic caucus because they understand very well would not passing a clean debt ceiling bill means for the united states economy and for the trust of the american economy globally. there is been a lot of anxiety. i also think many of them are extremely concerned on the cuts that they were mentioning. cutting health care benefits to

veterans. cutting funding for border security. making significant cuts and investment in jobs. so these are members that have to go back to their districts and explain the bill. so it's interesting listening to kevin mccarthy there, he didn't give a lot of detail, he's going to have a very hard time trying to call this a caucus. and remember, he needs the caucus with him or he may lose the speakership. this is going to be a, while it may be interesting to see who's gonna be supportive of the bill and i'm really curious to see what cuts they've included in this agreement. >> debbie, jonathan, ashley, shermichael, stay with us because we're gonna go live to nbc news -- who will give us some sense, julie, of what you're hearing and what can you tell us about this tentative agreement between republican leadership and the white house? >> literally, just a couple of moments ago, speaker mccarthy had came out of his suite where

he's been with his top negotiators -- and he made a very short statement saying they have reached an agreement in just about 12 minutes from now he will be briefing all of his members on the contours of this agreement. he said we've reached an agreement in principle with the president who he said he just got off the phone but that will make two phone calls just tonight but the president, he plans to have another one tomorrow. he said they still have a lot of work to be done. i asked at the end if he has the support of his conference, he did not answer. he took no questions as he went back into his sweet, preparing for this call, saying they still need to finish writing the bill. they plan to pass the bill tomorrow, mccarthy said. in terms of what is actually in, there republicans have not given many clues, but from democrats we are hearing a little bit about what made it inside. according to a democrat, there are no changes to medicaid in terms of work requirements, that is something the president really tried to hold his democratic members, also trying to pressure them to hold the line on that. there have been some changes it looks like on snap it

legibility but they wanted to minimize those food stamp cuts, that's something that we will hear a further. they're also looks to be some sort of primitive framework including in this front -- have both been pushing for. but for different reasons. we will see the details of that and what they sound. like most importantly, there is a top line number, there is an agreement to extend the that ceiling through the 2024 election. -- mccarthy told us no tax hikes and new techs cuts as part of this framework. that's really all we're getting from him as of now. he said he will not tell us anything further until he was able to brief us members on this 9:30 call. i've gotta tell you though, i'm already hearing from some members and the conservative freedom caucus, they're a bit tepid on how to receive this framework, this deal. but because mccarthy presumably has been teaching in touch with them all day -- have been walking in and out of

his office. we will see in the next few minutes what disagreement actually looks like and if it has the votes to pass, the vote could be held as early as tuesday. >> let's follow up on that little back and forth with the freedom caucus members and the speaker. what's your sense of how delicate that dance is for the speaker right now, given some of the framework that you laid out and what he himself has laid out in terms of the historic reduction, for example, in spending. how much do you think he's gonna be able to satisfy that -- a lot of the freedom caucus members have about really doing at the construction of this process in a way that is massively greater than what apparently we're hearing and learning so far? >> look, that's the big question. in many ways, the real work for speaker mccarthy and his team begins now. trying to get his members on board for this bill. you're, right the house freedom caucus consisted about a fourth

of mccarthy's conference, a group he wants to keep intact and in line. we've been seeing drip, drip, drip coming from them on twitter, social media, from senate republicans who are lined in a similar way of thinking, cautioning against a deal saying it's potentially a watered down version of what they had agreed to in the house passed bill, and certainly this is top of mind for mccarthy. he didn't give us an, side he answer my question when i asked him? that absolutely not. but he will begin the hundred behind the scenes in the next few minutes and try to see how many of them he can hold on to before losing others. we don't expect all of them to vote for this bill and that's not really what mccarthy expects either, he knows that he didn't get everything he wanted out of this, he knows he had to make some concessions, some that might not appease his members any which way he would do it. for mccarthy though he just wants enough republicans, a majority i'm told, the number that we're looking at earlier was 150 out of his 2:18 members. it might be, more and might be less. democrats gonna vote for this.

to expect the past but the question is of course for democrats as, well for leader jeffries, is this something that they can swallow, is it something that members can swallow, especially when it comes to these work requirements that we've been hearing all day, democrats are really against, that's a big question it's a question for another day because tonight it's all about republicans and whether they will support this bill. >> nbc news capitol hill correspondent julie tsirkin, you're working. it really really appreciate you, julie. let us know if anything else breaks. let's go back to my panel, shermichael singleton, jonathan alter, ashley pratte oates we, and debbie mucarsel-powell, former member of the house. shermichael, let's go back with you on the last point that julie was talking about. tonight it's all about the republicans. tomorrow, not literally, but figuratively, it's about the democrats. how do you see these two

narratives sort of setting themselves up to get us, knowing the peculiarities here, how people are, to set up this conversation that leads to the required votes, 218, to get it passed? >> i think the speaker is going to get the votes that are necessary. they're absolutely gonna have to be some freedom caucus members, i know many of them very, very well, who will not vote for this. some of them have had some really strict requirements that probably would've prohibited the majority of democrats from agreeing, and even the president from agreeing to some kind of deal. i think as long as the speaker can maintain a significant percent, without a single member of the freedom caucus calling his speakership into question which, that could be a little bit complicated, we'll see how that works out. but i think this thing will go to the senate where i expect the senate majority leader to get it passed as quickly as possible. as already been stated, michael,

i'm confident that the president will be able to get democrats to vote for this. it's the republican side of things that i think could be a little complicated here but again, i have all faith and trust in the speaker to get this done. >> congresswoman, how about you? how much faith do you have in terms of the white house, seeing how they've largely been somewhat silent on the narrative side and this actually may have worked out to their advantage in terms of the style and nature of this deal, but going forward, tomorrow, when is the presidents moment to frame this for the american people, how do you see that narrative lee playing out? >> i think that is a huge victory for president biden and i think that he needs to take that victory because when i was sworn into congress in 2019, if you remember, there was a government shutdown. that was when trump was in the white house, the republicans held the majority in the house of representatives and in the senate they could not agree to pass a budget, that's why the government was forced into a shut down.

president biden, once again, is showing the art of his deal, the art of compromise, he's been able to do this with two huge bills that he passed last year the infrastructure, the bipartisan infrastructure, also the bipartisan safer communities act dealing with gun violence, and here we, are he's been dealing with some of the most extreme members of the maga caucus in the house of representatives and he's been able to get to a point where kevin mccarthy has agreed now. and to make sure that we're able to pass this bill has to be on the shoulders of kevin mccarthy. he has been shoving it to the president, but it's really the job of congress to be able to pass a clean debt ceiling bill. he's been trying to blame democrats, but all we've been doing in the caucus, when i was in congress and even now, was working for the american people. you talk about inflation, they talk about the cost of living, yet they're willing to make cuts for s.n.a.p. benefits. let's remember that monday's memorial day.

and i have met with families, or families that lost service members in the war, i've met with veterans that rely on snap benefits. they're not able to make ends meet. so let's remember who they are going to affect when they are trying to pass significant cuts to snap benefits. and there are health benefits that they rely on. >> former member of congress, debbie mucarsel-powell, thank you so much for time tonight. we appreciate you hanging in there with us. shermichael, jonathan, ashley, don't go anywhere. i need you! stick around. we will come back to you after a quick break. also joining us after the break, msnbc simone sanders. we will be right back. l be right back.

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a tentative agreement to raise the debt ceiling. joining us now by phone is simone sanders towson, host of simone on msnbc. simone, what are you hearing? what's the vibe out there for the folks you're talking to? are they excited? >> it's a busy night, i'm sure you -- what you signed up for. >> wait until i talk to that a man guy! >> i've been in touch with members of the democratic members of the house. and what i am hearing is that democratic members will have a briefing -- a virtual briefing tomorrow afternoon after the law there is -- after the texas available. so they can come through and get a briefing from demetre ship in the house. what i've heard from a number of democratic members is that they [inaudible] of what the agreement is in principle. i think that particular point is important for folks at home

to understand. agreement in principle means that people in the room agree to this, the negotiators, members of the white house, steve ruch, eddie the council of the president, and shalanda young who feel [inaudible] obviously the president and kevin mccarthy themselves, speaker mccarthy agreed, and negotiators on the republican side. after a text of this bill is available, then comes the work of twisting arms and whipping -- the white house is gonna have to whip votes, working with dam leadership to ensure that all of the democrats are on board. frankly, kevin mccarthy, speaker mccarthy, is gonna have to win votes to make sure that this gets republican votes. the last thing i will tell you is but folks are preparing on is there will be new limits on the time for snap eligibility where people under 54 without children, that is important because the work requirement that has been in the news as of late, it stands to

disproportionately as chairman of [inaudible] early on my show today, affects people, affects children. this point about new limits of time, snap eligibility, it 54 with children is very important. there is also hearing expanded access for veterans and for those who own houses, there will be some changes. and democratic lawmakers told me that there will be expedited environmental reviews, they're still nailing down the details. more to come, but democratic members of congress much like us are scrambling to hear what exactly is in this deal. >> i'm sure they are, symone. one more before i let you jump in the, who do you think this bill petitioning could be the most toxic for? particularly given how the hard edged camps sort of state there grounds pretty early in terms of where they did not want to

budge in this negotiating process as you very well laid out, who do you think is gonna have to swallow the hardest? >> we i actually think, michael, there will be a number of folks who have to hold their nose and vote for this deal, frankly. and i think including folks in the democratic caucus if you can expect not just some members of the progressive -- the commercial progressive caucus, but also members in the republican conference, or the freedom congress, i heard your conversation with -- earlier. but this, look, president biden should be commanding, he got a deal in principle. now it's on congress to get this thing through, but joe biden did but many people were skeptical of him being able to do which was make a deal with kevin mccarthy. the question, is can speaker mccarthy deliver the votes, or will the white house have to come in and --

democrats in the house have to come in and carry a bill over the line, things that they did not -- they would not have voted for in another scenario? in the first place? this is unavoidable scenario. i think at the end of the, day what everyone should remember is that this is essentially a hostage situation. it's gotta be this way, the debt ceiling under donald trump was raised three different times without any fanfare, without its -- saturday night wheeling and dealing. yes, house republicans saw an opportunity because they have the majority. and being able to press the president to negotiate, to get things that otherwise they would not have gotten. i do think that one could just say that that's the political game and how it works in washington. but i would argue that people are across the country looking at, this weapon marginally paying attention and saw their social security benefits

attacks come to the break because the first batch of checks would've been gone to be cut on june 2nd. if the deal goes through. they saw this and say, didn't have to be this way? i think the reality is it did not. but house republicans exploited the fact that the president wasn't -- taker economy over, watch while the economy went over a cliff because republicans would've taken at their. so -- if this deal in principle, this agreement in principle can get the votes. >> all right, symone sanders townsend, always on the point. thank you for joining us on this very busy night. breaking from nbc news, house democrats have been invited to an all-member briefing or the white house that will be virtual tomorrow at five p m according to a notice that just went out and has been obtained by nbc news. let's go back to my panel for the hour. shermichael singleton, jonathan alter, ashley pratte oates. so, ashley, let's pick up on

that idea of this being a deal in principle. which, as you know in washington speak means this could go sideways in a hot minute, right? it really can. and symone sort of laid out some of that. but in addition to that, how are the american people looking at this and the idea of, didn't have to be this way. what is your take on this process and why it continues to play out the way it has right to the brain last-minute conversations when people knew a year ago we would be here? >> i think a lot of this, and again this is back to my earlier point that i'm not very optimistic that this will go anywhere. i think this is in principle, which is sad for the american people for that reason because this is exactly why the american people have such a distrust in the american government. and the elected officials that the elect every two years or four years.

this is exactly why, right here. it always comes down to the wire. these are very real things that symone mentioned that matter to people. social security techs, snap benefits, i mean, these are things that are most vulnerable americans depend upon every day. and yet, again, our government officials come down to the wire every single time. it does not have to be this way. i don't know why it is this way, otherwise it becomes a political talking point on the campaign trail. this is what i want to pivot to. i think this is a huge one for biden if it goes through for the reasons i said before. i think he shows that he's a master negotiator whereas kevin mccarthy kind of has his tail behind his legs in many ways right now. he had to negotiate with joe biden which isn't a great talking point for him on the campaign trail, it could put him in a position to not vote for this. but i would say that this is going to be a big test for jeffries and to see whether or not democrats can stand united

going into 2024 which i would argue they need to in order to position strongly against the alternatives and they know what the alternatives are. right now, it's looking like trump and desantis. they know that they are opposed to those alternative so hopefully they're going to be more unified in knowing that they stand against a trump or desantis's presidency than they are against whatever they may have lost in this negotiation and that they will come out and support the president in this effort and really, again, show he's the president for all americans. to the reasons i pointed out, this had the effect of impacting every day americans and we should be upset that our government officials always do this. they aren't able to negotiate, so the silver lining here is i guess that negotiating can still happen in washington. but i think over the next few days we're gonna see this play out. >> but it's still painful as i don't know what, it's absolutely amazingly painful. and in many respects

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let there be change. >> we are back with our breaking news. president joe biden, house speaker kevin mccarthy and the negotiators have reached a tentative agreement to raise the debt ceiling. i want to bring in ali and caldwell, coauthor of the washington post early 202. leigh ann, what do you hearing, what is the latest? are democrats and republicans

finding that nirvana moment? what is happening on the hill? >> what's happening right now, michael, is that republicans are actually on a conference call as we speak. kevin mccarthy the speaker of the house is updating on the parameters of the bill. and what this is is it's really mccarthy and his leadership's team's first check on where his members stand. we are told that there is going to be a white house briefing for democratic house members tomorrow. so while this agreement in principle has apparently been reached, there is still a lot of challenges ahead. especially finding the 218 votes. we are going to see if they're able to do that. speaker mccarthy said that there is going to be a vote on wednesday. michael? >> let's talk a little bit about the first check idea. do you think it would have made

a little bit more strategy or politics too have the agreement between the principles, then take that back to the members and get a temperature read before he announced that we have this tentative deal? have you had heard anything from members that said, i'm surprised they did it this way, or is the idea thinking, hey, let's just put this in front of them and keep the momentum going towards getting the deal? >> yeah, there wasn't a lot of time left. they did it this way. a lot of times when they do take it to their members, then there are all sorts of leaks that happen. then there's all sorts of outrage that happens. it gives members a lot more time to try to scuttle the deal or blow it up. there is momentum usually against it. so i think they do it this way, in a strategic way. so what they are doing is trying to sell this to their members. they are going to, both sides,

and the republicans and democrats, are -- the leadership teams anyway, are really going to have to put on a marketing job. both sides are going to have to say that they got something out of it. that is the sweet spot in any sort of deal. we will see if speaker mccarthy is able to get a majority of his conference. that is what he was aiming for. that was what was required of him to put any bill on the house floor, when he was given the gavel to be speaker of the house. this bill, this agreement in principle does not cut nearly as much spending as many republicans wanted. michael? >> so how does that to then set up the timing, and the timetable for this, leigh ann, the given the democrats will have their conference call tomorrow. republicans are having there is now. what does the clock look like,

given that monday is a national holiday, and then you've got to stay on the rest of the week in june 1st is right there? >> they still have to finish writing the legislative text. they've been doing that as they've been speaking. it's a big process to write legislation. mccarthy said that they hope to have that completed tomorrow. that will start the 72-hour clock. mccarthy has promised that the bill will be available for 72 hours before he brings it to the floor. that brings it to wednesday. so if the house is able to pass it on wednesday, then, remember, it still has to go to the senate. secretary yellen, treasury department secretary, she, yesterday in a letter said that the ex state is definitively june 5th. they've been working at june 1st, even though it was never a

definitive date. it was always as early as june 1st. so june 5th is gives them a little bit more time. remember, the senate moves a lot more slowly than the house does. >> right. exactly. leigh ann caldwell from the washington post. thank you very much. let's go back to my panel for the hour. caldwell shermichael singleton, jonathan alter, ashley pratte oates. jonathan. i'd like to pick your brain a little bit on one aspect of this. the call tomorrow with the democrats, the president sort of setting up the very much the way mccarthy has with his members tonight. sort of giving them the 411. how do you -- what would you say if you were the president, to garner the most momentum out of that call for this deal? >> i think i'd go to the apollo

13 line. failure is not an option. >> there you go. >> the clock is ticking. there's going to be some grumbling. not everybody is going to be happy. he did to protect medicaid. -- work requirements would've been, by all accounts from what we are hearing, which would've been really inhumane. to think people were sick and say, you must work. that was one of the most obscene of the republican proposals. that is not in this deal. they are rolling back some food stamp eligibility, where it was just a couple of years ago. so that's something that democrats should be able to swallow. but i think the other thing, michael, that he's going to have to tell them, is as simone indicated, they are going to have to pull this over the finish line. a bill that they don't particularly like, just as they did for obamacare in 2010. the house had to swallow really hard, except a bill that it

didn't really like, just to get it done. when a similar situation. one more point on that, i think a lot of people are worried about what they've heard that just one republican can put speaker mccarthy's tenure as speaker up to a vote. that is true. but what that is not -- taking account of, is that democrats also vote for the speaker of the house. now the last time, they all voted for a hakeem jeffries, when mccarthy was first elected. this time, to keep this bill on track, if matt gaetz or somebody says we are going to have another vote for speaker of the house, the democrats will come to mccarthy's rescue, and they will vote to have him continue as speaker in order to complete this deal. >> shermichael, one final question to you. from the republicans perspective, given what jonathan just spoke to about

the dynamics inside that caucus, how secure do you think the speaker is in his grip? not only on this negotiation, but on that caucus, to bring these two together so that, yeah, he's going to lose some, as you alluded to before. but in the main, he's going to have the seven, eight, nine, ten republicans he needs to seal this deal. [inaudible] >> shermichael, i think you are maybe muted, my friend. >> you can hear me now. >> i've got you, bro. >> that's a perfect question. during the break, i did make a quick call to a friend who is a staffer to a member in leadership. she told me that the members are going to this open minded. they do have the expectation that they may lose some votes from the freedom caucus. but as of now, as of this moment tonight, they are not really worried about someone calling up the speakership into

question. some of those members they know are going to stand on principle. they are okay with that. they seem to think, at least as of tonight, as conversations are ongoing, that the speaker will get to close or have a majority of the caucus. which i am hoping things planned out that way. >> shermichael singleton, jonathan alter, and ashley pratte oates. i thank you guys very much for your time and patience tonight. and certainly your insights. we really appreciate it. folks we will be right back. l be right back. sensodyne sensitivity gum & enamel relieves sensitivity, helps restore gum health, and rehardens enamel. i'm a big advocate of recommending things that i know work. at t-mobile, your business will save over $1000 bucks. what are you going to do with it? i could use a new sign. woooo! alright... ♪ soundproof windows.

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white house correspondent, allie raffa, with the latest. ali? >> yeah michael, as you've been reporting, we know about this tentative agreement in principle that was made according to sources familiar with these talks. between speaker mccarthy and the president during that rare one-on-one phone call that the two shared earlier this evening, speaker mccarthy shortly after that talking to reporters outside his office on capitol hill. telling them about the next steps in this process. he says he's going to speak with president biden again tomorrow. he says this bill is still being drafted up into legislative text. he hopes to have that text posted for members to then review tomorrow. setting up a potential vote for this on wednesday. that's really, michael, where this process gets more difficult. because now, each side, the

white house and republicans have to whip the votes for this. they have to sell this deal to their members. that's going to be the hardest part of this process. we've seen members on both sides of the aisle who were not involved in these negotiations, be very vocal in their criticism of what they were hearing was involved in potential concessions of these negotiations. so the days to come are potentially going to be more interesting than the days that we've seen leading up to this tentative agreement that we have. it's very important to underscore, this is still a tentative agreement. anything could change by the minute as this, as we wait for this deal to become official them. and for it to be posted, then reviewed by these members. eventually, voted on in the house and the senate, michael. >> all right, nbc's allie raffa. thank you very much. folks, stick around. don't go anywhere. i'm not going anywhere. you are not going anywhere. we are not going off the air. nbc's, msnbc's continuing

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