london. max foster has the day off. just ahead on cnn newsroom. we ve got good news, we ve reached a bipartisan budget agreement. we re ready to move to the full congress. this is a good strong bill. we ve had incident that is happen over and over again that heightens the sense of severe. president erdogan not unreasonably steps down from the position. he doesn t have to worry for the time being. . lives from london, this is cnn newsroom with max foster and bianca nobilo. it is monday, may 29th, 9:00 a.m. here in london. 4:00 a.m. in washington. why u.s. president joe biden and house speaker kevin mccarthy are racing to sell their debt ceiling deal to congress. the tentative agreement would raise the debt limit for two years and avoid the possibility of a catastrophic default. and lawmakers are both sides of the aisle are expressing their concerns here s how the president and speaker defended their plan. they said they d only do it on the condition that it h
politicsnation. tonight lead, not there yet. right now, the economic free world is holding its breath. as washington appears to have a way out of this impasse over our debt ceiling. president biden and republican house speaker, kevin mccarthy, announcing last night that a tentative deal has been reached, that would allow both sides to claim a victory. with short term domestic spending curtailed in line with house republican demands, and economic crisis averted to the delight of democrats in the rest of the sensible world. but that looming june 5th deadline to raise the ceiling hasn t gone away. and the hurdles to passage remain inside of congress itself. house democrats are expected to jump on a call with the white house within the hour. we ll update you as soon as that cole wraps, as for speaker mccarthy, will he be able to satisfy the hard right flank of his caucus, ahead of wednesday s house vote? or after weeks of holding america hostage, will they intentionally drive t
welcome to cnn this morning. good to be with you. here s what we re watching this morning. lawmakers finally reach a tentative debt ceiling deal, but of course the fight is not over. now president biden and house speaker mccarthy have to try to get the members onboard from their representative parties. can they get it to the president s desk by june 5. the texas house of representatives votes to im beac impeach ken paxton. the latest on the action and what happens next. look at this. remarkable new images of the sun. we have never seen the sun this way. powerful telescope captures photos of the sun s surface. we will talk about how they could help scientists studying the sun and the solar system. and a groove of bipartisan lawmakers in washington comes together to mark memorial day. we will show you how they are paying tribute to the fallen. beginning with that race in washington to crack the legislation to raise the nation s debt ceiling and avoid this historic d
you re live in the cnn newsroom. i m jim acosta in washington. we begin with president biden playing salesman in chief. the white house has been briefing house and senate democrats on the tentative deal to raise the nation s debt ceiling. a source says that a midafternoon phone call between president biden and house spe speaker kevin mccarthy has not happened yet. the call was to finalize the remaining details. experts say a default would be disastrous for the u.s. and global economies and that threat is still looming ominously at this hour. on capitol hill, lawmakers sound like they re unhappy with this deal. so passage is not guaranteed yet. this is unfolding as a june 5th deadline is drawing closer. we re following all of these latest developments. priscilla alvarez is at the white house for us. what are you learning about this phone call? is it going to happen? there s ever expectation that it is going to happen, jim. as you mentioned, president biden had said it wa
at any moment now, president biden is going to speak on the phone and finalize the bill. the president had this to say about the negotiations. reporter: mr. president, are you positive this deal will get to your desk? yes, it will. i m about to call mccarthy at 3:00, make sure all the ts are crossed and the is are dotted. reporter: what are the sticking points? none. should all democrats vote for this bill? still anyone s guess if the house has enough votes to get this bill to the president s desk. but speaker mccarthy says he s confident the deal will pass. back to february 1st, i sat down with the president. i said let s work together to raise the debt ceiling but curb the amount of spending, to let america be able to work again, cut red tape, get work requirements to help people get back into work. i think this agreement frames all that from limit save grow. it doesn t get everything everybody wanted but that s in divided government, that s where we end up. i