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As you, as you mentioned over and over again. he said no, multiple times. just not this year, but other years and several times in the past couple weeks until last night. that's significant. they also want to know about these demands that paul ryan is making, conditions, i'll be speaker if you allow me to perform in this way. and that's something that concerns them. some members last night of the freedom caucus said there's no way that paul ryan could ever get to yes. because it flies completely in the face of all the things that the freedom caucus is for. and another issue that's very importa...

Was it kept the sanctions in place but temporarily suspended some of them. and if you look at the joint plan of action which is sort of the current deal that has been on the table leading up to this framework agreement that has the same sort of structure where all the sanctions that might be eased can remain on the books but be reactivated as a moment's notice. part of the reason they do that is to sort of keep a sword hanging over the other party and keep the pressure on. so the snap back is for real. we've done it in the past and it's been a pretty effective deterrent against cheating. jenna...

From the deal? >> reporter: well, democrats think obviously that there's sort of a slippery slope, in a way, that if you start lessening sanctions against iran even in this small way that that could continue. the white house feels that if iran does walk away that you'll actually have international allies of the u.s. wanting to put more sanctions in place. that's their argument. so you're seeing these two completely countering arguments coming from the white house and congress, not just republicans but democrats, but at this point president obama feeling very strongly that it's in iran's intere...

Households we're told but the debt ceiling another sword hanging over the negotiators. >> the debt ceiling is a sword hanging over negotiators. there are people on both sides of the political divide saying, maybe we should just go off the fiscal cliff and bounce up against the debt ceiling and force some kind of fiscal showdown to get to some kind of agreement eventually. i mean the debt ceiling does have the advantage that if they do come to some kind of agreement on the fiscal side or do actually end up raising tax rates in -- on january 1st as the bush-era tax cuts roll off, that actually d...

ceiling averting a potential default on the united states' financial obligations. >> it's just been amazing to watch and see the president come out on a sunday night like this, wolf. we'll have complete coverage on every single angle of this story, what's in the deal, lou it finally came about and how all the various players in this debate are reacting tonight. several asian markets already opened, others will be opening soon. we'll take you there live to see how the traders are reacting to this. >> it's been an amazing day, don. i must say. earlier today the senate democratic lead...