. >> ian swanson, thank you for joining us. a number of reports have put out, we are expecting a deal as early as this week. what will that look like? >> it will not be the grand bargain that has dominated discussions. negotiators are looking at any tax hikes. they're also not looking at significant cuts to medicare, medicaid or social security. instead of looking at small is more to their retirement plans. they're trying to keep that a bit lower. they're also looking at funds by selling a spectrum. looking at a small budget deal. this is part of a different budget process. >> why can there be something like a grand bargain right now? democrats are not willing to do any kind of medicare and medicaid. republicans are not willing to do any tax hikes. ryan and patty murray basically decided that they were not going to go after the sacred cow of the other party. they are trying to get something that was possible. we are not even going to go there this time. host: talking with ian swanson of "the hill." even if there is a agreement

we're going to go for something that's much smaller but doable. >> host: talking with ian swanson of "the hill." even if there's an agreement reached as early as this week, there'll still be a big budget debate early 2014. forecast for us what that'll look like. >> guest: sure. one thing this deal will not do is it will not raise the debt ceiling, and at some point next year they're going to have to do that. now, it's a little difficult to forecast exactly when that's going to be in part because the economy is starting to behave a little more strongly, and as a result, that kind of extends the period of time in which the treasury department can do things that are called extraordinary measures that prevent congress from having to raise the debt ceiling. but at some point congress is going to have to do that. i suppose the earliest it could possibly be is february, but i think it's much more likely that it's sometime closer to the spring or even the beginning of the summer. be then you're going to get the same debate over, you know, whether we should look at tax hikes, whether we shoul

host: talking with ian swanson of "the hill." even if there is a agreement made this week, there will be a budget battle for 2014. caller: one thing this he'll will not do is raise the debt ceiling. at some point next year they are going to have to do that. it is a little difficult to forecast exactly one that is going to be. in part because the economy is -- it is a little bit more strong. as a result that extends the time in which the treasury -- atment can do things some point congress is going to have to do that. i suppose the earliest it could possibly be is february. it is much more likely that it is sometime in spring or the beginning of the summer. then you are going to get the debate over -- we should look at tax hikes, changes in entitlement. it is hard to see how they are going to get any agreement on those areas. particularly in election year. the house is expected to adjourn for the year on friday and the senate shortly after. a lot of high-profile legislation still hanging in the balance. it is the list of what is l

host: we are talking with ian swanson. there will still be a big budget debate in early 2014. what does that look like? will: one thing this deal not do is it will not raise the debt ceiling. at some point exterior they will have to do that. it is a legal -- little difficult to forecast when it will be, in part because the economy is starting to behave more strongly and as a result that extends the time in which the treasury department can do things. they call them extraordinary measures, to prevent hungers from having to raise the debt ceiling. at some point in time congress will have to do that. the earliest is february, but much more likely that it is sometime close to the spring or even the beginning of the summer . then you will get the same debate over what to cut, whether we should look at tax hikes or entitlements. it is hard to see how they are going to get any kind of agreement on those areas, or to give only in an election year. host: turning away from the budget, the house is expected to adjourn on friday, and the senate shortly thereafter. a lot of high-profile le

host: talking with ian swanson of "the hill." even if there is a agreement made this week, there will be a budget battle for 2014. caller: one thing this he'll will not do is raise the debt ceiling. at some point next year they are going to have to do that. it is a little difficult to forecast exactly one that is going to be. in part because the economy is it is a little bit more strong. as a result that extends the time in which the treasury department can do things -- at some point congress is going to have to do that. i suppose the earliest it could possibly be is february. it is much more likely that it is sometime in spring or the beginning of the summer. then you are going to get the debate over -- we should look at tax hikes, changes in entitlement. it is hard to see how they are going to get any agreement on those areas. particularly in election year. host: the house is expected to adjourn for the year on friday and the senate shortly after. a lot of high-profile legislation still hanging in the balance. it is the list of