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we begin tonight with breaking news straight from capitol hill. we are getting word that the white house and house republicans are getting closer to a deal to raise the debt ceiling. one week before the u.s. runs out of money. what do we know right now about where the deal stands between kevin mccarthy, house republicans and the white house? >> i think we should caveat by saying nothing has been agreed upon yet. nothing has been finalized. they are moving closer to a deal. we have seen progress over the last 12 hours, particularly on the spending issue. that's been something that has...

>> abby, i think we should caveat by saying nothing that we have -- nothing has been finalized. they are moving closer to a deal. we have seen some progress over the last few 12 hours, particularly on the spending issue. that is as something that has been really bedeviling the talks. but they started at least floating the idea of a potential compromise that both sides could try to claim as a win. one of the things they are discussing is raising the debt ceiling for two years, which would be longer than what wrote republicans have been proposing in their debt ceiling plan, and then in...

We begin tonight with breaking news straight from capitol hill. we are getting word that the white house and house republicans are getting closer to a deal to raise the debt ceiling. one week before the u.s. runs out of money. what do we know right now about where the deal stands between kevin mccarthy, house republicans and the white house? >> i think we should caveat by saying nothing has been agreed upon yet. nothing has been finalized. they are moving closer to a deal. we have seen progress over the last 12 hours, particularly on the spending issue. that's been something that has been real...

They have not agreed on the numbers for those spending caps. one of the emerging compromises here is the idea that they would spare pentagon funding. they would spare specific domestic programs so that democrats could say, we actually didn't cut certain things. another programs would see cuts, which republicans could claim as a win. you are starting to see the contours of how a spending provision deal might come together. but i will caution that there are a number of other outstanding issues, particularly on the issue of tougher work requirements for social safety net programs. that's somethin...

Unspent covid money. that's something they agree on. permitting reform has agreement. where we are at right now is that negotiators, they left the building for the evening. they are not expecting a deal to come together tonight. they are going to work tomorrow, through the weekend and try to wrap this thing up as soon as possible. of course, the time line is such a crucial factor here. they are trying to raise the debt ceiling by june 1st. that process takes time. even when they have an agreement, they need to turn it into legislative bill text, get a score from the congressional budget office...