earlier today, president biden told reporters, he is confident a deal will reach his desk. and no more sticking points to iron out. msnbc news has also learned part of the deals raising the debt limit for two years, avoiding another debt showdown before the 2024 election. the deal also clause back some unspent pandemic funding, we ll talk about what that means. and shaves off some irs funding. it also expands work requirements for certain adults on food stamps. speaker mccarthy also spoke to senate republicans this afternoon about his deal at the white house, two sources tell msnbc, republican retold the bill 150 pages. and will include 15 pages of spending cuts. this morning, he told reporters, he expects a vote on the bill as soon as this wednesday. we did a conference call with a conference over 95% were overwhelmingly excited but what they see. they re getting the text today, the process, look, in every single negotiation, when it comes to debt ceiling and others, you
they are attacking our american values, our schools, our economy, our security. we are a failing nation. we are a nation in decline. it does not have to be this way. our decline as a country is not inevitable, it is a choice and i think we can choose a better pathway. lawrence: it s up to us. we travel near and far to celebrate the season. supper is good, warm. going to the beach. going on my boat. sleeping in for sure. eating outside and having a good time. small boat, sunset, glass of wine. a cold yoana outside. the troops and all the people, and the boats. fleet week, i was on the watch in 1993. i m old now. i m a local from new jersey. being back here and being able to have summer again. and seeing people out and about in the city. it s beautiful weather. it means a lot. we related to barbeques and having a good time. but it should be a day people understand it s because of the veterans that have gone before us that we are able to do what we are doin
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 ukraines 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. Heres 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 government overreach.
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
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