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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...

Also, on top of what she discussed, we don't know what the spending caps are going to be. a big sticking point has been will it be 2022 levels or back prior to covid? >> i think actually the bigger question for me, besides the top line number, is what actually is eligible for cuts. we have heard a lot of reporting, including just now, about what's been carved out, what is protected. defense, veterans programs, entitlement programs, whatever things democrats want to hold up as the things they have saved. what's left? by process of elimination, there isn't a ton of programs left, especially if w...

Who don't believe -- who believe that janet yellen should show her work, i do think that there is a lot of sensible people out there who don't want to stick around to find out what it looks like. >> what happened to the sticking points that were the major obstacles? the work requirements, will add a decided? >> work requirements is still a big sticking point. my thing is that democrats are probably not going to put on that, because they budged in terms of the spending caps. it is going to be a sticking point, but i still think that there would be movement to come together. also -- there are st...

>> 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 instituting ...

About, obviously lots of this is still up in the air. but to me what stands out, this two year extension of the debt limit. it takes this out of the political sphere, takes it past the 2024 election. >> which is key. we don't want to default on our debt at any moment, we certainly don't want to have brinkmanship over and over and over again. but you really don't want to have this become an issue in a lead up to the election, because whatever modicum of rationality politicians have right now, i think it goes completely out the window when they are looking at polls leading into the election. >> ...