latest from the front lines. plus a new search has just been announced in the missing toddler madeline mcgahn. we re following these major developing stories and more all coming in right here to cnn news central. in just a couple of hours president biden and speaker mccarthy will give it another try. they will meet face-to-face again in the ongoing staredown over the debt ceiling. so far neither leader has blinked. because of that the u.s. could default if no agreement by june 1st. running out of money for social security and military salaries. last hour speaker mccarthy told cnn a deal has to be ironed out much sooner than that deadline. reporter: do you need to have a deal tonight? it would be better to have a deal sooner. if we can get a deal tonight or tomorrow, you ve got to get something done this week to be able to pass it and move it to the senate. reporter: is it possible to get it done? i think it s still possible. reporter: square my diamond is tr
i suspect those freedom caucus members wouldn t like to be told by bernie sanders or elizabeth warren who are in the majority in the senate that they have to simply accept their solution. at the end of the day, though, this is going to be a bill that gets passed by the middle of both parties. the far right isn t going to like it, the far left isn t going to like it but there s enough votes in the middle between democrats and republicans to get this done. we were talking about something in the break that i want to talk about now. in 2014 i mentioned you had been an aide to the now speaker kevin mccarthy. back in 2014 you were working for eric cantor as he negotiated with then vice president biden on raising the debt ceiling. i said to you, were you traumatized by that? and you said that you are more scared now. why are you more scared about this go-around than 2014? i think my biggest fear is around miscalculation. if you go back to the last time we had the big negotiations over