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Transcripts For CNNW CNN 20240706

latest from the front lines. plus a new search has just been announced in the missing toddler madeline mcgahn. we re following these major developing stories and more all coming in right here to cnn news central. in just a couple of hours president biden and speaker mccarthy will give it another try. they will meet face-to-face again in the ongoing staredown over the debt ceiling. so far neither leader has blinked. because of that the u.s. could default if no agreement by june 1st. running out of money for social security and military salaries. last hour speaker mccarthy told cnn a deal has to be ironed out much sooner than that deadline. reporter: do you need to have a deal tonight? it would be better to have a deal sooner. if we can get a deal tonight or tomorrow, you ve got to get something done this week to be able to pass it and move it to the senate. reporter: is it possible to get it done? i think it s still possible. reporter: square my diamond is tr

Transcripts for CNN CNN News Central 20240604 19:01:00

latest from the front lines. plus a new search has just been announced in the missing toddler madeline mcgahn. we re following these major developing stories and more all coming in right here to cnn news central. in just a couple of hours president biden and speaker mccarthy will give it another try. they will meet face-to-face again in the ongoing staredown over the debt ceiling. so far neither leader has blinked. because of that the u.s. could default if no agreement by june 1st. running out of money for social security and military salaries. last hour speaker mccarthy told cnn a deal has to be ironed out much sooner than that deadline. reporter: do you need to have

Transcripts for CNN CNN News Central 20240604 19:06:00

and time consuming. he s also promised his members 72 hours to read the bill. once it passes the house, it has to go through the senate where one senator can hold things up. in addition to getting a deal with the white house, both biden and mccarthy have to sell any deal to their own members, which they re already trying to pressure both biden and mccarthy to not give an inch. but kevin mccarthy is brushing aside concerns that his conservatives will revolt and says most republicans will support whatever deal he cuts. take a listen. the difficulty is you need somebody on the other side to work too and the senate has done nothing. that s the difficulty. you don t need democrats to get any bill across the line? any time where you come to an agreement where you re negotiating with the president, democrats and republicans will vote for it. it was no different when trump was president and nancy pelosi was negotiating a debt deal. so it happens every single time. reporter: so you re g

Transcripts for CNN CNN News Central 20240604 19:24:00

saying we won t stand in the way of allies doing that. the u.s. has been a bit more hesitant than some of its european partners eventually giving in. when i look at a city like bakhmut and the destruction there, could f-16s played a role in helping ukraine to save that city? has the u.s. been too slow in some circumstances? the biden administration has been consistently timid in meeting ukraine s weapons requests. i don t know if f-16s had made a difference there. but if we had given ukraine what they had been requesting for eight or nine months, russians would have never taken bakhmut. thank goodness the brits are giving them storm shadow long-range missiles but not as good as ours. but if we gave them ours as well as the f-16s, the russians would be far farther back than they are today. we learned this week that german police are investigating the possible poisoning of two

Transcripts for CNN CNN News Central 20240604 19:03:00

mccarthy, and president biden. that is reflected in the fact that when you see them sitting down today, it s president pip biden, the speaker and their teams. the other teams will not be in the oval office with the president and the speaker. really these talks come after a pretty turbulent weekend of start and stop negotiations that ultimately culminated in a phone call between president biden and the speaker yesterday as president biden was making his way back on air force one, a call that both sides characterized as productive and moving things along. today they will now sit down. but as they sit down, jim, they are still very, very far apart. not only on some of the policy details of what exactly goes into this bill in terms of work requirements, permitting reform, but even on that top line number of how much spending to cut, where to cap spending, how long to cap spending for. both sides still very far apart on that notion. and it comes as the president over the weekend as he was a

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