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
announcer: this is cnn breaking news. you re live in the cnn newsroom. i m jim acosta in washington, a very late saturday night on memorial day weekend but we re here for good reason. we re 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 nation s debt ceiling. just ten minutes from now house speaker kevin mccarthy will address reporters we re 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 cnn s 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, i m hearing from a source close to negotiations yes ho
saying he feels closer to a deal today than he has before, but not everyone in his party is as optimistic. one top republican negotiator warning the deal is still teetering on the brink and could fall apart entirely. meanwhile, the national deficit continues to soar to new heights and treasury secretary janet yellen says there are only eight days remaining to pay america s bills. is everyone on board? reporter: we ll see about that. he came in to the capitol this morning and told reporters he s feeling optimistic and thinks progress has been made and really they re focused on a few remaining sticking points for this deal. i am told the goal is to have a deal announced by the end of today. we ll see if they can get there. we have new reporting about what the outstanding issues are. one of them is a provision to impose new work requirements on some social safety net programs. i m told they made some progress on that in negotiations last night. we re going to see today wheth
hello, everyone. thanks for joining me this saturday. i m fredricka whitfield. we begin this hour in washington where right now negotiators are back at the table as they race to end the debt ceiling standoff. republican leaders and white house officials are returning a short time ago, after a marathon session lasted well into the night, the clock is ticking, to get a deal in place, before the u.s. defaults on its loans. the national deficit continues to soar. with no rise to the borrowing limit, the u.s. will default on its loans which could be catastrophic to the economy. the treasury secretary now is saying the deadline for an agreement is just eight days away. but talks are teetering on the brink, with at least one top republican negotiator warning that a deal could come together as soon as today, or fall apart entirely. cnn is following the latest. good morning. you re on capitol hill, and you spoke to the house speaker kevin mccarthy. what did he say? is he optimistic?
the memorial day road trip is certainly back. aaa telling us just look at this number they anticipate more than 37 million americans will be taking to the roadways this memorial day weekend which is just, jim, underneath the 2019 pre-pandemic levels that we saw three years ago. but in terms of what advice aaa has for all of us taking the roads, here s what they told us. definitely inspect that vehicle before you take that long road trip. check your tire tread and inflation, make sure your battery has a good charge. make sure your fluid levels are topped off. during this memorial day weekend aaa anticipates coming to the roadside rescue of 460,000 stranded drivers. jim, we ve got to talk about gas prices. today the national average $3.58. a year ago it was all the way up to $4.60. it hit a record of $5 the national average june of last