"Things are looking good," Biden told reporters, adding that he was hopeful a deal would come by midnight . "It's very close and I'm optimistic."
"I'm hopeful," said McHenry, one of House of Representatives Speaker Kevin McCarthy's lead negotiators with the White House. "But we have to make sure we have a line on tax, we have a line on agreement - there’s significant challenges ahead.” Negotiators have tentatively reached an agreement that would cap spending on many government programs next year, according to a U.S. official.The safety-net programs remained a sticking point. Lead Republican negotiator Garret Graves said his party would not drop its demand that they require more participants to hold a job.U.S.
Democrats have said the proposal would only create more red tape that would exclude people who would otherwise qualify. The deal might also scale back funding for the Internal Revenue Service, which got an extra $80 billion last year, in part to bolster enforcement and bring in more tax revenue. Republicans have sought to revoke that funding.
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