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 ukraines 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. Heres 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 government overreach.
sometimes, there are provisions in the tax code, carried interest that i have problems with. but part of the reasons a terrible idea. can i finish, ali? can i finish my thought? but you are dropping a lot of flags, sir. you all of challenges you re saying things, and let me. let me just, you know what. you got carried interest. i used to be in another place here, can i finish my thought here? that s all i want to do. you brought in taxes, sir? you are good at this, you ve been a politician. ali, i don t think whatever discussion i want to discussion, you talk about taxes in texas and florida. let me finish! you said, they are horrible places to live, i don t agree with that. this all came about because you said, why are not raising taxes on corporations and on people? and i am saying to you when you raise taxes too high, you discourage from people from doing what they want to do. a lot of times they will leave to go to a place, where they get a better re
you re live in the cnn newsroom. i m jim acosta in washington. we re at a crucial moment in the high-stakes debt ceiling talks. we re waiting for details on a phone call that just wrapped up in the last hour between president biden and house speaker kevin mccarthy. negotiations are down to one final sticking point, safety net for social programs. leaders may have as little as eight days to prevent the u.s. from defaulting on its debt. many experts predict economic disaster if that happens. manu raju is up on capitol hill. manu, i was hoping since you were there in front of the cameras for us today that that meant i think this is probably our strongest indicator, that you were on capitol hill for us. president and kevin mccarthy spoke. at this point if the speaker were to come out and touk alk t reporters, that would be a good sign. you tell us. reporter: that s right, jim. the speaker said today he would be the one to make the announcement that there is a deal. well, he
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
showdown in iowa. major republican candidates running for the gop nomination are on the trail, their attacks are escalating. the central question remains, can any of them catch up to donald trump? and, the worst attacks and two generations. that is that one senior u.s. official described recent assaults in the red sea. what is happening there could have a big impact on your wallet and supply chains. from what you pay at the pump from up by me missing to store shelves. after weeks of seismic rumbling, a volcano in iceland erupts. rivers of lava and smoke billowing over iceland. could it get bad enough to impact international travel? we are following these major developing stories, and many more, all coming in right here to cnn news central. good afternoon. thank you so much for joining us on new central. i m laura sanchez alongside brian peeler in the nation s capital. all eyes are on the hawkeye state. 2024 presidential primary officially will be underway with the iowa re