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
disaster averted? after weeks of negotiations, we have come to an agreement in principle. the president and the speaker make a deal to raise the debt ceiling. but the hardest part may lie ahead. convincing think parties to vote for it. plus, game on. he s been attacking me by moving left, so this is a different guy than 2016. ron desantis jumps into the 2024 race and levels his toughest attacks yet on donald trump. but will it be enough? rob desanctimonious and his poll numbers are dropping like a rock. and target in the cross-hairs. the retail giant is the latest battlefield for conservatives hoping to roll back lgbtq rights. welcome to inside politics sunday . i m abby phillip. they have a deal to raise the debt ceiling and avoid a economic catastrophe. it took weeks of negotiations, no one on either side though is thrilled. but here is what we know about the deal this morning. it raises the debt ceiling for two years, it caps federal spending, also
every year is codified as mandatory mean that there is no review process no checks and balances just a blank check and no balancing the checkbook. we live in a society where laziness and obesity can qualify you for disability check from the government paid for by us working americans. in fact nearly two-thirds of the money spent by government last year went to social welfare programs. oakland the democrats like joe mccormick of florida to even mention challenging these programs is to be heartless and void of empathy empathy. when someone chooses getting high or being the father to his children what p is he owed? when it woman uses her sprained ankle that beyond disability issues and discomfort to scan the system? when the son of a vice president spends his time and money on is he an addict in need? or simply a rotten soul? the left tells us that we should pity everyone might ve been dealt a bad hand okay that s fair enough. but who hasn t? how many hardworking well employed a
the time is ticking for congress to take action, because it s congress that has an exit constitutional responsibility here. they swore an oath to and the 14th amendment of that constitution says, the validity of the public debt of the united states shall not be question, which presumably means, you need to pay the debt. june 5th is only nine days from now. the house of representatives has adjourned for the long memorial day weekend. republican leadership said, they will provide 24 hours notice before scheduling voting days, and addressing the potential default. while some republicans might just be hoping to extract a greater cuts to the social safety net in exchange for not crushing the american economy, with others, the motivation is less clear. take, for example, the chaos caucus, a group of the most disruptive members of the republican caucus right now. the chaos caucus, many of whom are members of the freedom caucus, succeeded and complicating and stalling kevin mccarth
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