The Trump administration says it's "cautiously optimistic" that House Speaker Nancy Pelosi might be willing to reconsider her 48-hour 'gun-to-the-head' ultimatum issued to the White House over the weekend, and come down to the $1.8 trillion proposed by Republicans.

"We're feeling cautiously optimistic that she may be moving toward where we have set the bar," White House spokeswoman Alyssa Farah told Fox News on Monday, who added that Pelosi and Treasury Secretary Steven Mnuchin would discuss the matter at 3 p.m. eastern time on Monday.

According to Politico, Congressional Republicans are worried that Trump and Mnuchin will agree to a $2 trillion-plus deal, while Democrats "are wonder inf the White House even wants a deal..."