on the bipartisan deal to raise the debt ceiling and cut spending so the nation averts a default next week. president biden and speaker mccarthy are defending the agreement as some of their parties are also railing against it. we ll bring you the results of that vote as soon as it happens. but first, to a cnn exclusive tonight. reporting the federal prosecutors have donald trump on tape in his own words acknowledging that he took a sensitive national security document with him when he left the white house. that is what multiple sources tell cnn. and i ll speak with one of the former president s attorneys in just a moment. but we are told that trump s comments in the 2021 recording suggest that he knew that he kept classified material and wanted to share it, but understood his limitations post presidency. in other words, he knew that this was likely false when he said it. by the way, they become automatically declassified when i took them. and the same goes for this. i
we start tonight here in washington these are live shots of the capitol building. the biden administration and the republican majority in the us house of representatives have reached an agreement in principle on a new government debt limit. the deal will be put to a vote on wednesday. we ll have more on what we know so far shortly, with our north america correspondent jess pakrker shortly. but first let s hear from the leaders at the centre of these negotiations. house speaker kevin mccarthy said there would be historic reductions in spending and no new taxes. he shared this statement a little earlier. ijust got off i just got off the phone with the president and talk to him twice today and after weeks of negotiations 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 worthy of the american people. it has historic reductions in spending, consequential reforms that will lift people out of poverty into
they are attacking our american values, our schools, our economy, our security. we are a failing nation. we are a nation in decline. it does not have to be this way. our decline as a country is not inevitable, it is a choice and i think we can choose a better pathway. lawrence: it s up to us. we travel near and far to celebrate the season. supper is good, warm. going to the beach. going on my boat. sleeping in for sure. eating outside and having a good time. small boat, sunset, glass of wine. a cold yoana outside. the troops and all the people, and the boats. fleet week, i was on the watch in 1993. i m old now. i m a local from new jersey. being back here and being able to have summer again. and seeing people out and about in the city. it s beautiful weather. it means a lot. we related to barbeques and having a good time. but it should be a day people understand it s because of the veterans that have gone before us that we are able to do what we are doin
Announcer this is cnn breaking news. Youre live in the cnn newsroom. Im jim acosta in washington, a very late Saturday Night on Memorial Day Weekend but were here for good reason. Were here in a crucial moment on debt ceiling talks. Multiple sources tell cnn that the white house and House Republican leaders have reach an agreement in principle, we should note in principle on raising the nations debt ceiling. Just ten minutes from now House Speaker Kevin Mccarthy will address reporters were told, and then at the bottom of the hour Republican Leaders will brief their fellow colleagues in the gop conference on the outlines of this deal. The briefing comes after a phone call earlier this evening between mccarthy and President Biden, and cnns Priscilla Alvarez is at the white house for us. Priscilla and manu raju still with us up on capitol hill. Late night, guys. Priscilla, what can you tell us . Reporter jim, im hearing from a source close to negotiations yes House Speaker mccarthy have a
hello. i m lukwesa burak. within the past couple of hours, president biden and the republican house speaker, kevin mccarthy, have reached an agreement in principle on a new government debt limit, ending weeks of wrangling. mr mccarthy said there would be historic reductions in spending, and no new taxes or government programmes. democrats and republicans have untiljune 05 to reach agreement to prevent the us government running out of money. this is how mr mccarthy announced the breakthrough. after weeks of negotiations 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 worthy of the american people. it has historic reductions in spending, consequential reforms that will lift people out of poverty into the workforce, reign in government overreach, no new taxes, no new government programmes, and a lot more within the bill. we still have more work to do tonight to finish all of the writing of it. i do want