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Transcripts For CNNW CNN 20240706

voted to impeach attorney general ken paxton. he s accused of bribery and abuse of public trust. they said the impeachment was illegal and being called what he called corrupt politicians. we ll have more in just a moment. in the meantime, in washington, it is deal or no deal. two sources tell cnn president biden and house speaker kevin mccarthy are expected to speak this hour. it comes at a critical moment in the debt ceiling talks and a source says it is now down to one final sticking point. work requirements for social safety net programs. they may have as little as eight days to prevent the u.s. from defaulting on its debts. many experts predict economic disaster if that happens. let s begin at the white house and capitol. manu, they would not be getting on the phone just to go over what they re going to have at their memorial day barbecue. this means that maybe we re getting close. reporter: yes, indeed it does. i just spoke with patrick mchenry, one of the key negotiat

Transcripts For BBCNEWS BBC 20240706

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

Transcripts For BBCNEWS BBC 20240706

this to the republican party. especially the ultra conservative members, who have been making a lot of noise about it. his political reputation is potentially on the line, he needs to show he can make a deal but also satisfy the members of his party who are unsure about the deal. inaudible question. lots of lawmakers on the hill have lots of lawmakers on the hill have used this as an opportunity to give their opinions about which way they think opinions about which way they think the opinions about which way they think the deal should go. you have peeple think the deal should go. you have people like think the deal should go. wm. have people like emanuel cleaver who is a democrat, he said enough people on both sides don t want the default, so he is optimistic it will go through. he was asked by my colleague, what would you say to people watching around the world who are curious to know why is the debt ceiling becoming such a big issue in america? we know a country li

Transcripts For CNNW Anderson 20240706

former president acknowledging he held on to a pentagon document about a potential attack on iran. also the vote that almost did not happen, just hours after it squeaked onto the house floor. and rattling russia. a closer look at the shadowy effort that s getting high-profile results, bringing the war in ukraine onto russian soil. prosecutors investigating the former president s handling of classified material have in their possession a recording from the summer of 2021, in which the former president is telling people around him in a meeting at his resort in bedminster that he has held on to a classified pentagon document about a potential attack on iran. cnn is reporting, this undercuts his argument that he declassified everything. and on the tape, as he spoke, it sounds like he was waving a piece of paper around, raising the question, was he holding the classified document in question. which goes to what kaitlan collins asked him at the town hall earlier this month.

Transcripts For BBCNEWS BBC 20240706

any deal will needs to be approved by a divided congress, with a vote expected on wednesday. mccarthy spoke in the past hour. ijust got out i just got out of over the president. i spoke to him twice today. 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 that is worthy of the american people. it has historic reductions in spending, consequential reforms that will lift people out of poverty into the workforce, rain in government overreach. there are no new taxes, no new government programmes. there is a lot more within the bill. we still have more work to do tonight to finish all the writing of it. i do want to take a moment, though, and thank gary graves and patrick mchenry for their work on this. and for all the work that we re going to continue to do. and i know you will have a lot of questions. i m not going to take them tonight. out of respect i to breathe our members

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