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Also willing to make some concessions. >> now it is time for the other side to move from their extreme positions because much of what they've already proposed is simply quite frankly unacceptable. it is time for republicans to accept that there is no bipartisan deal to be made solely, solely on their partisan terms. they have to move as well. >> reporter: now, one of the keys sticking points sources have told us about is the issue regarding spending levels. republicans want spending levels to revert back to fiscal year 2022 levels while the white house has proposed freezing those spending leve...

Phone call. so at the end of the phone call what we agreed to do is we're going to have patrick mchenry get back together with -- he's going to ask his team to get back together so we can walk them through literally what we've been talking about. i think some of the challenges here, they might not completely understand how we're coming about this. >> the good news is they have a mechanism to continue talking but the bad news they are still very far apart. specifically i'm told one of the biggest sticking points is spending levels. they don't want to touch defense spending so that would need si...

This point actually seems the most likely? >> the latter wouldn't jeopardize speaker mccarthy speakership of course. and that is something that he is obviously trying to avoid at this point. house democrats have put together signatures for what is called a discharged addition. it would allow them to hurt -- house republican leadership. but only if if they can get maybe three or four more moderate republicans to go with them. and even if that does pass the house, which at this point is it unlikely, you still need to get 60 votes for anything in the senate. you have got 51 democrats, assuming th...

Their small majority on a debt ceiling increase. >> they came up with a plan. they raise the debt ceiling. they go back to twenty, twenty two spending levels. it also other measures for energy independence, etc. and it score s out of the cbo o at, what, four point a trillion in savings over 10 years. how does kevin mccarthy make another deal with biden? go back to his caucus and get a majority of them to agreey with him to make some concessions? i don't see that happening in 14 days. so if we in fact default, defau i would blame joe bidelt, n fort talking to him forg ninety seven days while mc...

Cut spending levels? it was not just covid. it was the giant tax cut under president trump that republicans pushed through. there's a lot of debt that was accumulated. the debt that we are talking about is not the debt from last year. it's the debt that goes back to the founding of our country. that's how many years of debt has been accumulated in the ceiling that has to be raised. it's not last year's spending or the years' before. >> a couple of things on that point. number one, the trump tax cuts actually helped us raise more revenue than we ever have in the history of our country. cbo scor...