still holds part of the burned out city of bakhmut. but how much of it and for how long? and senator tim scott getting into the race for president today with florida s ron desantis not far behind. good morning, welcome to our viewers in the united states and around the world, i m christine romans. this monday. president biden and house speaker kevin mccarthy are set to meet again today as they try to strike a deal to lift the debt ceiling. only ten days in june 1st. that s the earliest estimated date the government might not be able to pay all of its bills. mccarthy spoke to the president sunday by phone from air force one as he flew home from japan. i believe it was a productive phone call. and so at the end of the phone call, what we agreed to do is we re going to have patrick mchenry get back together withese going to ask his team, get back together. so, we can walk them through literally what we ve been talking about. i think some of the challenges they may not comp
have they made any progress? i mean, certainly, they do not at all seem close to a deal, based on what they said publicly and privately. and one good phone call, apparently, mccarthy and biden seem a little more optimistic about the phone call yesterday, does not get them significantly closer to a deal. the speaker and president biden job will meet again today. my assessment, if they don t start moving into the deal today. they need to start thinking about a short-term option because june 1st, the heard deadline that treasury secretary janet yellen said is the time. i was just looking at the cash balance, treasury cash balance is $57 become right now. it only takes a few big bills for that to dry up. even though there will be some state tax receipts coming into the treasury. we re really here, we re counting the pennies.