President Trump said Wednesday that the U.S. and Iran have had "good talks over the last 24 hours," and expressed confidence that a deal is possible in the coming days.

Why it matters: The White House is waiting for Iran's response to a one-page memorandum of understanding (MOU) to end the war and set a framework for more detailed nuclear negotiations, as Axios first reported .

U.S. officials said they expect a response from Tehran in the next 24-48 hours. "We are not far, but there is no deal yet," one U.S. official said.

Yes, but: Other U.S. officials are more skeptical a deal will come together.

State of play: The White House wants a diplomatic breakthrough by the time Trump wraps his China trip next Friday, officials say.…