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Transcripts For CNNW CNN 20240706

a critical day for the u.s. economy and maybe for house speaker kevin mccarthy s career. what could be the decisive vote on the controversial deal to raise the debt ceiling is just hours away. florida governor ron desantis taking on donald trump directly for really the first time since becoming a presidential candidate. hitting the campaign trail in iowa and vowing to fight back against the former president. also happening dailtoday, historic meeting on ufos, nasa set to unveil what a nine month long investigation uncovered. this is c cnn news central. so this really is the day that could make or break the deal to avoid a catastrophic u.s. default. it is also the day that could make or break the speakership of kevin mccarthy. the house will vote on the debt ceiling. the rules committee did narrowly vote in favor of advancing the bill to the house floor, but there was severe pushback from some conservatives. the bill now needs a simple majority to pass or 218 if eve

Transcripts for CNN CNN News Central 20240604 13:02:00

kevin mccarthy. the house will vote on the debt ceiling. the rules committee did narrowly vote in favor of advancing the bill to the house floor, but there was severe pushback from some conservatives. the bill now needs a simple majority to pass or 218 if everyone is present today. as it stands right now, republicans control 222 seats in the house, democrats 213. republican leadership had promised the white house about 150 of its members to vote yes which means democrats would have to make up the rest. but the real number to watch might be 111. that is half the republican membership. if the bill does not get a majority of republican votes, some republicans have suggested that they would move to oust house speaker kevin mccarthy. so technically the bill could pass but still get mccarthy in a heap of hot water. the time frame to get the bill signed into law is now extremely tight. treasury department says the u.s. will not be able to pay its

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