welcome to our viewers in the you united states and around the world. there are signs of movement in the negotiations to raise the debt ceiling. two sources tell cnn that white house and republican negotiators are moving closer to a deal. we ve been talking to the white house all day. we re going back and forth. it is not easy. we want to make sure this is an agreement worthy of the american people and it takes a while to make it happen. jasmine wright is live for us this friday morning in washington. so do we know what the outstanding issues are the democrats and republicans are still far apart on? sounds like they are talking about a two year deal here with spending caps and raising the debt creeling for two years. is that the parameter? reporter: i think those are kind of where negotiations are heading. but in terms of how far apart they are, i think it depends on who you ask. but reality is that there is no deal in principle yet. there are a series of outstanding is
and remembering an icon. tina turner the queen of rock & roll. and we begin this very busy hour with very latest from washington where time is literally running out for negotiators to reach a deal to raise the debt ceiling. there s just one week until the treasury secretary s estimated deadline to stave off what could be a devastating debt default. top credit agency has now put the country s aaa credit rating on negative watch. pointing to partisanship as hindering a solution. here is what speaker mccarthy had to say just this morning. everybody is very professional in these meetings. look, i m a total optimist. we will get this done, and we will have a better bill because of it. and joining us this morning with more is garrett haake. also with us, cnbc s dominic chu. garrett, mccarthy seems optimistic about a deal. what are you hearing from the democratic side? no, that s exactly right, jose. on the fitch part of this specifically, democrats are frustrated. t
i will stay with it until we can get it done. the negotiations we re having with speaker mccarthy is about the outlines of what the budget will look like, not about default. house speaker kevin mccarthy and president joe biden remain on the same page about not letting the u.s. default on its debt, but time is really running out to get a deal in place before the deadline. we ll have much more on the negotiations and that time line in just a moment. plus, a federal judge sends a message to an insurrectionist handing out the longest sentence to a january 6th defendant to date. and also ahead we ve got new details on presidential campaign fund-raising for florida governor ron desantis including some questionable actions by his gubernatorial staff. good morning and welcome to way too early on this friday, may 26th. i m jonathan lemire, thanks for starting your day with us. with less than a week until the united states could default on its debts house lawmakers have left
the mood in washington. 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 wi