christine romans. it s memorial day here in the u.s. glad you re with us. let s get going. we begin this morning with president biden defending the deal he made with house speaker kevin mccarthy to raise the debt limit for two years. it takes the threat of catastrophic reform off the table. protects our hard-earned economic recovery. and the agreement also represents a compromise which means no one got everything they want. mccarthy agreed to raise the debt limit in explain for cuts to the budget. even though, the president insisted to reporters he wasn t actually negotiating on the dead limit. want to try to make it look like i made some grow myself in the debt ceiling, i didn t. i made a compro 3450is on the budget. that s what they wanted a compromise on the budget, that s what you ve done, even though you haven t gone as far as you wants, in that right? sure, can you think of an alternative? the president praised mccarthy, although he avoided predicting whethe
us from all around the world. the debt ceiling deal is done. we will take a look at the challenges president biden and house speaker mccarthy face as they sell it to lawmakers. and a colorful mystery authorities want to know why the waters in venice s grand canal turned green. live from cnn center, this is cnn newsroom. we begin in washington where there is an urgent push to pass a tentative deal to avert default. they are trying to build support even as they face pushback. while mr. biden says the agreement takes the threat of catastrophic default off the table, the critics will find he did not concede much in the negotiations negotiations. i said i m not going to do all the cuts. you pass the debt ceiling period. i will negotiate with you on the cuts. something totally different was attached before. tried to make it look like i made a compromise. i didn t. i made a compromise on the budget. well mccarthy has released the text of the 99 page bill which includes rai
deadline looms. congressional leaders say that they have made some progress. but a deal remains out of reach for now. plus, a win emerges. cnn projects kentucky attorney general daniel cameron will secure the republican nomination for governor. we will look ahead to his face-off with the incumbent democratic governor. and ukrainian officials say they intercepted six russian hypersonic missiles by air defenses over kyiv. but russia insists that that is not the case. more in a live report. thank you for joining us. america s dangerous standoff over the debt ceiling has caused the u.s. president to scrap part of his planned swing through the pacific region. joe biden is leaving later today for the g7 summit in hiroshima japan. he was supposed to visit top under guinea and australia afterwards for a separate set of meetings. but now he will be heading back to washington right after the g7. for debt talks with congressional leaders as the u.s. creeps ever closer to default. the la
70 days of serbia leaves a dead and a suspect on the run. a former uc davis student has been arrested in that series of stabbings, near the campus in california. and, eight jury finds four out of five men, this is the far-right proud boys group, guilty of seditious conspiracies while they were all in the january 6th capitol siege. live from cnn center, this is cnn newsroom with michael holmes. we begin with a massive manhunt underway, in serbia after the country s second mass shooting in as many days. officials say, at least eight people were, killed 13 others wounded in several villages southeast of the capital belgrade on thursday. hundreds of police and special forces are now searching for the suspect, who fled the scene. serbia s public broadcaster say he was in a vehicle with two other people before he got out and shot victims with an automatic weapon. local media report a police officer and his sister were among those killed. all of this, happening as serbia is stil
six people killed as dozens of cars pile up in a crash caused in part by dust and strong winds. and no script for this, hollywood writers now on strike bringing production to many shows to a sudden halt. welcome to our viewers in the united states and around the world. i m countrhristine romans. president biden calling top leaders to the white house a week from today to talk about raising the debt ceiling. janet yellen said that the federal government face as catastrophic default as soon as june 1 if congress doesn t act. the money runs out june 1. in a letter, yellen writes after reviewing recent federal tax receipts, our best estimate is that we will be unable to continue to satisfy the obligations potentially as early as june 1. and jasmine wright is live for us. this gives a date when all the bills can t be paid and the white house said it won t negotiate. so what does biden want to talk about next week? reporter: the process is president is looking to shake up th