viewers watching from all around the world. i m paula newton. ahead on cnn newsroom, u.s. lawmakers insist default is not an option, but there s no deal yet to raise the debt limit. ahead, what this could mean for the global economy. plus new reporting from the washington post. employees of former president trump allegedly moved boxes of papers at mar-a-lago a day before the justice department showed up to collect classified documents. memorial day weekend is just the start of what s going to be a very busy summer travel season that we re expecting. yes, it is the unofficial start of summer and people are packing up and heading out of town for the long weekend. just ahead, we have your travel and weather forecast. we do begin in washington where marathon talks to avoid the first-ever u.s. government debt default appear to be making progress. sources tell cnn the white house and congressional republicans are getting closer to a deal to raise the debt limit and cap
we begin tonight with breaking news straight from capitol hill. we are getting word that the white house and house republicans are getting closer to a deal to raise the debt ceiling. one week before the u.s. runs out of money. what do we know right now about where the deal stands between kevin mccarthy, house republicans and the white house? i think we should caveat by saying nothing has been agreed upon yet. nothing has been finalized. they are moving closer to a deal. we have seen progress over the last 12 hours, particularly on the spending issue. that s been something that has been really bedevilling the talks. they started floating the idea of a potential compromise that both sides could try to claim as essentially a win. one of the things they are discussing is raising the debt ceiling for two years, which would be longer than what house republicans had proposed in their debt ceiling plan in the house. then instituting spending caps for two years. caps on federal spen
and i m max foster. just ahead negotiations still ongoing, still unresolved. stewart rhodes was sentenced to 18 years in federal prison on thursday. have a good day. next. memorial day weekend is just the start of what will be a busy summer travel season that we re expecting. live from london, this is cnn newsroom with max foster and bianca nobilo. it is friday, may 26, 9:00 a.m. in london, 4:00 a.m. in washington where they are moving closer to a day to pay the government s bill. it would reportedly raise the debt ceiling but cap spending levels for two years. and manu raju reports that nothing is final until it is final. reporter: negotiations between the speaker and his top allies and the white house still ongoing, still unresolved, even as the u.s. is considering prospects of the first ever debt default as soon as next week and amid warnings that the u.s. credit rating could be downgraded if the national down limit which now stands at $31.4 trillion
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