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economists say this one should not hurt the economy. joining me now is cnbc senior analyst, congressional continue, julie tsirkin, and nbc news white house correspondent, al -- allie raffa. i want to read a few notable things. jason fuhrman, the former deputy director of obama's national council says the fed will be happy. the economy needs cooling off and this takes pressure off interest rates in accomplishing cooling off. a jpmorgan chase analyst says the agreement could function as the equivalent of a quarter point increase in interest rates in terms of helping to restrain inflati...

>> be very clear. not one republican should vote for this deal. it is a bad deal. >> i thought the last plan wasn't good enough. i had no idea. i had no idea that we would see a plan as ephemeral as this plan. >> anyone who's spent any time on capitol hill will tell you those hard liners were probably never going to vote for any compromise. by necessity, it would not be what they wanted, which was major spending cuts to social programs but here is where it gets tricky. as part of the deal to get the gavel, mccarthy put a number of those hard liners on the rules committee in the house...

principal on this kind of case. that's coming up later. we will learn things. we will fact check. i invite you to stick around for that. that's later. the speech you may have heard about is landing tonight around 7:00 p.m. eastern, inside of an hour. president biden's first ever address from the oval office. we have heard him from the white house before. this is a thing we in journalism and white house junkies keep track of. this is in the views of the biden team, a positive that they are summoning the grandeur of an oval office address, the first several years in to talk about bre...

the 11th of may. it has rained a little more recently in parts of northern ireland and scotland. most of are going to remain bone dry through the week. not the case across southern europe, the rain accumulating over the next five days. the reason, thejet stream running a long way to the north, taking weather systems into scandinavia. one a long way to the south, nojet scandinavia. one a long way to the south, no jet stream anywhere inside close to our shores, is a high pressure remains blocking the weather pattern and keeping things largely dry. there will be variations, warmest and ...

today when democrats had to bail out republicans on a procedural vote that republicans claim they could pass on their very own. prior to that vote politico reported when asked if the gop would needd democratic help to pass this procedural measure, majority whip tom emmer said republicans are the ones running this place, and republicans will pass thean bills, and that's wh we are doing. but in the end republicans did not have the votes to pass that measure on their own. they needed 52 democrats to bail them out. now, both sides have faced opposition to voting to this deal. conservativ...