you re live in the cnn newsroom. i m jim acosta in washington. we begin with president biden playing salesman in chief. the white house has been briefing house and senate democrats on the tentative deal to raise the nation s debt ceiling. a source says that a midafternoon phone call between president biden and house spe speaker kevin mccarthy has not happened yet. the call was to finalize the remaining details. experts say a default would be disastrous for the u.s. and global economies and that threat is still looming ominously at this hour. on capitol hill, lawmakers sound like they re unhappy with this deal. so passage is not guaranteed yet. this is unfolding as a june 5th deadline is drawing closer. we re following all of these latest developments. priscilla alvarez is at the white house for us. what are you learning about this phone call? is it going to happen? there s ever expectation that it is going to happen, jim. as you mentioned, president biden had said it wa
WA students receiving money recovered from debt adjusters over college loans
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WA students receiving money recovered from debt adjusters over college loans
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united states. putting that off into 2025 was a critical part of this deal. that shows you the kind of negotiator that joe biden is and ensuring that we re not going to put our economy into jeopardy for the rest of his term. by the way, there s an important provision with the administrative application of pay go to student loans. while i would have that s a little bit concerning. one thing that was really good about that part of the negotiation is that it limits the ability it actually prevents the ability from people suing to stop that student loan program. and that s an important accomplishment because we need to make sure we have the kind of certainty we need for that student loan program and dealing with lawsuits was a key negotiating point that i think was really important for the literally millions of students who are counting on that student loan assistance. and, again, a note