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
a deal has been reached, maccarthy and president biden have come to a agreement to raise the debt ceiling. voters are heading to the polls in turkeys first ever presidential runoff election. new york city wants to change its rules on housing migrants. live from cnn center, this is cnn newsroom. we begin in washington where congress is drafting new legislation on the debt limit hours after officials reached a deal to try to avoid a default. they have agreed in principle to raise the debt ceiling and cap government spending but some republicans are saying the compromise is still too costly and could bankrupt the country. maccarthy is trying to convince those hardliners that the deal is worth it. after weeks of negotiations we have come to a agreement in principle. we still have a lot of work to do but i believe it is a agreement that is important for the people. there are no new taxes or government programs. as you can imagine there is a lot of work to be done but m
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
i m laila harrak. republicans already raising concerns over the agreement in principle on the debt ceiling as both president biden and house speaker mccarthy race to seal the deal with their allies in congress. the gop turns on one of its own in texas in an unprecedented move to impeach the state s attorney general. details and how that official is reacting. and we re live for you in istanbul as voting there gets under way for turkey s presidential runoff election. we begin in washington where congress is drafting new legislation on the u.s. debt limit hours after officials reached a deal to try to avoid a disastrous default. the white house and republicans say they agreed in principle to raise the u.s. debt ceiling and cap government spending. house speaker kevin mccarthy says law maeshls are now expected to vote on that agreement this wednesday. before it can move forward, he must convince hardliners that it s worth it. here s how he characterized the deal. after week
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