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Transcripts For CNNW CNN 20240706

everyone. poppy is off today. i m erica hill. thanks for being with me this morning. let s get started with five things to know for this memorial day, may 29th, 2023. joe biden and kevin mccarthy made a debt ceiling deal. now they have to sell it. can they get the votes before default on june 5 th? russia shot down a record number of missiles ahead of the long awaited counter offensive. search and rescue operations under way right now after an apartment collapse in iowa. seven people have been pulled out. the mayor, though, says a number of others are still missing. and happening today, president biden will honor america s fallen service members during a memorial day address from arlington national cemetery. he ll also participate in a wreath laying ceremony at the time of the unknown soldier. tonight, boston celtics looking to make more history by becoming the first team to win game seven after being down 3-0 to the miami heat. cnn this morning starts right now.

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Transcripts For CNNW CNN 20240706

a deal has been reached, maccarthy and president biden have come to a agreement to raise the debt ceiling. voters are heading to the polls in turkeys first ever presidential runoff election. new york city wants to change its rules on housing migrants. live from cnn center, this is cnn newsroom. we begin in washington where congress is drafting new legislation on the debt limit hours after officials reached a deal to try to avoid a default. they have agreed in principle to raise the debt ceiling and cap government spending but some republicans are saying the compromise is still too costly and could bankrupt the country. maccarthy is trying to convince those hardliners that the deal is worth it. after weeks of negotiations we have come to a agreement in principle. we still have a lot of work to do but i believe it is a agreement that is important for the people. there are no new taxes or government programs. as you can imagine there is a lot of work to be done but m

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Transcripts For CNNW How 20240706

appreciate your company. coming up on cnn newsroom, an agreement in principle on the debt ceiling. washington has a plan to avoid a catastrophic default, but details still need to be ironned out, then it has to get through congress. also ukraine s top general issues a pointed message for his soldiers, russia, and the world. and we do begin in washington a late night agreement to try to prevent a looming debt crisis. the white house and republicans have reached a deal in principle to raise the debt ceiling and cap government spending. it is meant to avert the first u.s. default in history, which could have disastrous consequences worldwide. here s how u.s. house speaker kevin mccarthy characterized the breakthrough. after weeks of negotiate az we have come to an agreement in principle. we still have a lot of work to do, but i believe this is an agreement in principle. it has historic reductions in spending and lift people out of poverty into the work force, rein in g

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Transcripts For CNNW CNN 20240706

i m laila harrak. republicans already raising concerns over the agreement in principle on the debt ceiling as both president biden and house speaker mccarthy race to seal the deal with their allies in congress. the gop turns on one of its own in texas in an unprecedented move to impeach the state s attorney general. details and how that official is reacting. and we re live for you in istanbul as voting there gets under way for turkey s presidential runoff election. we begin in washington where congress is drafting new legislation on the u.s. debt limit hours after officials reached a deal to try to avoid a disastrous default. the white house and republicans say they agreed in principle to raise the u.s. debt ceiling and cap government spending. house speaker kevin mccarthy says law maeshls are now expected to vote on that agreement this wednesday. before it can move forward, he must convince hardliners that it s worth it. here s how he characterized the deal. after week

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Transcripts For CNNW CNN 20240706

voted to impeach attorney general ken paxton. he s accused of bribery and abuse of public trust. they said the impeachment was illegal and being called what he called corrupt politicians. we ll have more in just a moment. in the meantime, in washington, it is deal or no deal. two sources tell cnn president biden and house speaker kevin mccarthy are expected to speak this hour. it comes at a critical moment in the debt ceiling talks and a source says it is now down to one final sticking point. work requirements for social safety net programs. they may have as little as eight days to prevent the u.s. from defaulting on its debts. many experts predict economic disaster if that happens. let s begin at the white house and capitol. manu, they would not be getting on the phone just to go over what they re going to have at their memorial day barbecue. this means that maybe we re getting close. reporter: yes, indeed it does. i just spoke with patrick mchenry, one of the key negotiat

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