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
viewers watching from all around the world. i m paula newton. ahead on cnn newsroom, u.s. lawmakers insist default is not an option, but there s no deal yet to raise the debt limit. ahead, what this could mean for the global economy. plus new reporting from the washington post. employees of former president trump allegedly moved boxes of papers at mar-a-lago a day before the justice department showed up to collect classified documents. memorial day weekend is just the start of what s going to be a very busy summer travel season that we re expecting. yes, it is the unofficial start of summer and people are packing up and heading out of town for the long weekend. just ahead, we have your travel and weather forecast. we do begin in washington where marathon talks to avoid the first-ever u.s. government debt default appear to be making progress. sources tell cnn the white house and congressional republicans are getting closer to a deal to raise the debt limit and cap
ceiling drama. the white house and lawmakers rushing to reach a deal on the u.s. debt limit. but the clock is ticking. with just nine days before the government could run out of money to pay its bills. the final days of an american fighting in ukraine. cnn pieces together the details of a u.s. veteran s death in bakhmut, revealing a new perspective on the war s longest battle. plus, a plot to kill the queen? the fbi releases new documents detailing a potential assassination threat against queen elizabeth ii. announcer: live from cnn center, this is cnn newsroom. with laila harrak. welcome. the white house and republicans are closing in on a deal to raise the debt ceiling and avert a financial catastrophe. a live look for you there on capitol hill. and negotiators have been furiously working on capitol hill, and we re told an agreement could be reached as soon as today. any deal would then have to be passed by congress, which is far from a sure thing. they do have a li
message from the courtroom one day after sentencing the malicious founder to 18 years in prison. and we re getting terrifying new video of the moment a man allegedly opened the cabin door of/south korean airliner while the plane was in mid flight. authorities are sharing new details tonight about the suspect. welcome to our viewers in the united states and around the world. i m wolf blitzer. you re in the situation room. let s get straight to the new developments on the debt ceiling. the u.s. treasury now offering negotiators a slightly longer timeline before a default unleashes economic catastrophe. last hour right here in the situation room, i got reaction from the house minority leader, democratic congressman hakeem jeffries. can you guarantee that house democrats and you re the leader of the democrats will deliver the votes needed to pass any deal that s negotiated? well, one of the challenges that we confront is that it s unclear how many votes house repu
we begin right here in washington d.c. where democrats and republicans are scrambling to close a deal on raising the federal debt limit. there is still no deal in place but as many lawmakers leave for a holiday weekend. president biden has hinted a deal might be not be too far away. with regards to the debt limit, things are looking good, i m very optimistic. i hope we will have some clearer evidence tonight, before the clock strikes 12, that we have a deal. but it is very close and i am optimistic. so according to the president, we might get the news of a deal in under three hours time. a top republican negotiator, patrick mchenry, says he s hopeful a deal will come together before midnight but significant challenges remain. earlier, the us treasury secretary janet yellen sending this letter to congressional leaders. she now says the us has until june 5th to avoid a default. she had previously said june 1st. if republicans and the white house fail to reach a comprimise, t