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earlier today, president biden told reporters, he is confident a deal will reach his desk. and no more sticking points to iron out. msnbc news has also learned part of the deals -- raising the debt limit for two years, avoiding another debt showdown before the 2024 election. the deal also clause back some unspent pandemic funding, we'll talk about what that means. and shaves off some irs funding. it also expands work requirements for certain adults on food stamps. speaker mccarthy also spoke to senate republicans this afternoon about his deal at the white house, two sources tell msnb...

But still get from democrats. i think that there's more than enough democratic votes -- who do not want to see a default to compensate for losing the house freedom caucus in the final bill passage. the question is, what does that look like? how many moderates do potentially lose? because they think that the deal could be better. how many progressives do you lose. i think there will be a majority, it will be messy. because this bill, bipartisan in the sense that, both members of both parties are gonna vote for. not in the sense that both sides are happy about it. likewise, as a compromise. not ...

Needs to have been dealt with slow, methodical process that makes its way to the courts. that's why, but i actually think the president's talking about doing over the next four year or two, on that path, seems pretty reasonable to me. let's give it a try. but that is a very sharp distinction from the president, if the deal goes awry, over the next couple of days. just saying, i'm going to rely on the 14th amendment to issue treasury securities right now. ignoring the debt ceiling. and put those securities out to a financial markets, and cross his fingers that there are people who want to buy t...

If you want to try and make it look like i made some compromise on the debt ceiling, i didn't. amid a compromise on the budget. >> that's what they wanted, to make a caucus on the budget. that's what you've done. even though you've got as far as they want. >> sure, yeah. well, can you think of an alternative? >> mister president, what do you say to members of your own tall party? who said you made too many concessions of this deal? >> they'll find i didn't. >> mister president, your allies an advertised to america, would you willing to say about what you think this process said to those advers...

That you want to see, it talk to me also about those areas of concern. if you think, given the timeline that you are now operating on, if there is just practically any time left to address those details and those areas of difference. >> right, i think you're gonna see a lot of folks that were put on recess by the republicans last week, when they canceled session early, all headed back to washington. everyone is going back, ready to get to work, and to dive in. a couple things i think are important, first, the fact that this is a two-year deal, as relates to the debt ceiling, really important. ...