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That allows republicans to say they got concessions and democrats to say we negotiated on spending, which they were always willing to do, that might be the way out of this. the specific policy components are very much a mystery. very much recaptures on spent covid relief funds. permitting reform. tougher aid requirements meeting pushback. spending caps, very difficult to structure that in a way that meets democrats' demands for defense and non defense spending. 16 days to go before the ex date by the treasury department where the u.s. could default on its debt if no law is made. >> that could ...

If they get a parallel track, how that works out is difficult in part because of the problem with contentious pieces like work requirement, spending caps is going to be another problem. there are other things that are easier. like recapturing unspent covid funds. the idea of it details pending has a lot of bipartisan interest. this meeting is going to be crucial in terms of figuring out in the next 16 days if they can move this forward. is this the storm before the calm or are we headed to disaster? >> the democrats in the house don't matter as much as republicans do because they have the majo...

They are now negotiating. so what is on the table here? >> so the main three topic areas being talked about now is parts of a potential deal are spending caps, unspent pandemic money, and changes to permitting regulations. they are having normal conversations as part of the process, but at this point, it's very clear this is tied to that. >> you cover congress, so you know this battle happens all the time. there's always this brinkmanship between the two sides over the debt limit and a deal always gets done. are the dynamics different this time around, do you think? >> i think any time there a...

They are willing to entertain some kind of spending caps, but not spending caps that would last for ten years or something long term like that. wolf. >> jeremy, stand by. jessica up on capitol hill, what is the speaker mccarthy, what is he saying about this? >> reporter: we heard from him a short time ago. he outlined what we heard from jeremy, that staff members had been meeting, they would not meet tomorrow, they would meet next week. he thought it was a better use of everyone's time that the staff members continue to meet. we also heard from some house gop members today and they kind of out...

Interestingly, for 2011, it actually was, we had spending caps, we had actual policies that generated savings. we had rules, we had some symbols. all which came out of increases to the debt ceiling. but under president trump, there were three debt ceiling increases. they also had bills attached to them. you know they did? they made the death worse. the three increases under president trump all made the debt much worse and they burrowed more. that is the opposite of fiscal responsibility for sure. that is the mauve of what we really shouldn't do. we've got to it this debt ceiling. we should not...