newton. while negotiators race to reach a debt limit deal. the impact on sbmall business owners,sh they re message is simple, get a deal done. and filling your tank compared to this time last year and what s behind the change. republican governor ron desantis on the offensive, and there are clear signs that the gloves will be coming off now that he s officially running for the white house. announcer: live in cnn center, this is cnn newsroom with paula newton. so the white house and republicans could be on the brink of reaching a deal that would allow the united states to keep paying its bills. negotiators have been hammering out the details in late-night talks and a source tells cnn that an agreement on raising the debt ceiling could come as soon as today. even a deal is reached it still, remember, has to pass both houses of congress to avert a financial disaster. manu raju has our report. the clock is now ticking, june 5th. the new date to avoid the first ever de
with just one week left until treasury officials say they will run out of cash to pay its bills, the mood music from washington was upbeat. but a deal can be done to avoid default. i want to be clear. the negotiations we are having with speaker mccarthy are about the outlines of what the budget will look like, not about defaults. it is about competing visions for america. nothing will be resolved until we resolve them all. we know where our differences lie. we worked well past midnight last night, we are back at it today, trying to get to the conclusion so we can solve this problem. failure to reach an agreement could have global implications. fitch, one of the major credit rating agencies warned of a potential downgrade to the us credit rating if the deal isn t done. the us treasury department seized on this, saying it underscored the need for swift bipartisan action. the biggest sticking point remains spending. if they don t cut enough, they won t win over republicans, but
appreciate your company. coming up on i do cnn newsroom, close put no white smoke. that s how one republican describes negotiations on the u.s. debt ceiling. ukraine assessing the damage after one of russia s deadliest attacks in recent days targets a hospital. people flocking to a u.s. monastery where a nun s body appears to show no signs of decay nearly four years after she died . a flurry of activity on capitol hill as the white house and republicans race to finalize a deal to raise the u.s. borrowing limit, called the debt ceiling, and avert financial catastrophe. a person familiar with the negotiations tells cnn they re hoping to announce an agreement perhaps as soon as saturday. jeremy diamond is at the white house with more on where things stand. reporter: as the white house and republican lawmakers continue negotiating on friday over a potential deal to raise the debt ceiling and cap spending, president biden on friday sounding downright optimistic about th
ceiling drama. the white house and lawmakers rushing to reach a deal on the u.s. debt limit. but the clock is ticking. with just nine days before the government could run out of money to pay its bills. the final days of an american fighting in ukraine. cnn pieces together the details of a u.s. veteran s death in bakhmut, revealing a new perspective on the war s longest battle. plus, a plot to kill the queen? the fbi releases new documents detailing a potential assassination threat against queen elizabeth ii. announcer: live from cnn center, this is cnn newsroom. with laila harrak. welcome. the white house and republicans are closing in on a deal to raise the debt ceiling and avert a financial catastrophe. a live look for you there on capitol hill. and negotiators have been furiously working on capitol hill, and we re told an agreement could be reached as soon as today. any deal would then have to be passed by congress, which is far from a sure thing. they do have a li
programme. there will no be default. those were the words of president biden on thursday as he hailed what he called productive talks with his political rivals as the clock ticks on the country s finances. he is trying to avoid hitting the debt ceiling. the us government is set to hit its borrowing limit of $31.4 trillion next week, raising fears it could run out of money to pay its bills without a deal to increase the debt ceiling. from new york, michelle fleury reports. with just one week left until treasury officials say the us will run out of cash to pay its bills, the mood music from washington was upbeat that a deal can be done to avoid default. i want to be clear that the negotiations we re having with speaker mccarthy is about the outlines of what the budget will look like not about default. it s about competing visions for america. nothing will be resolved till we solve them all. we know where our differences lie. we worked well past midnight last night, we r