Welcome to Closing Bell overtime. I'm Morgan Brennan with John Fort.

Coming up this hour, we are watching software and hardware

as we wait earnings results from HP, HP,

box and umbrella. We're going to bring you all of those numbers as soon as they cross.

Plus we're going to talk to former Fed vice chair Roger Ferguson about his

read on the Fed's next move as the odds of a June hike go up, plus his take on the debt ceiling deal,

let's begin with the debt ceiling, the House Rules Committee meeting this

afternoon ahead of an expected vote tomorrow on the deal struck by President Biden and House

Speaker McCarthy.

Aeman Javers has the latest for us.

Aeman is going to get out of the Rules Committee.

Hey there John, we think it will, but take a look at these live pictures and you can see the House Rules

Committee is meeting right now.

Republican leaders opened up the hearing by talking up the idea of compromise.

In a true negotiation, you always get less than you want and give up more than you'd like.

But with the passage of the Fiscal Responsibility Act will responsibly lift the debt ceiling and avoid a default. the most conservative members of the House Freedom Caucus about this debt deal.

So we're watching this hearing to see if any of that causes problems for the bill.

Some of the unhappy members have talked about the possibility of forcing McCarthy out of the

speakership altogether. That made Speaker McCarthy... of smarter. The largest cut in the history of Congress, the biggest ability to pull money back.

We got work requirements for welfare where the Democrats said was a red line. We've got NEPA reform for

the first time in 40 years. We took a Trump executive order for PAYGO against

the administration.

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