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
the way he s characterizing this bill? yes, he is lying. members of the house caucus like congressman roy and bishop are still struggling to come with a strategy to actually block the deal tonight. and there is also a divide over whether to oust mccarthy as speaker. as for the republican leader he says he s not concerned about losing his post and can t seem to understand what all the fuss is about. i m not sure what in the bill people are concerned about. it is the largest savings of 2. 1 trillion that we ve ever had. a quick refresher share of what is in this deal over this memorial day weekend. it would replenish our near empty treasury with borrowed cash by suspending the debt ceiling for two years. it also includes caps on federal spending, more work requirements for food stamps and cuts to irs funding among other things. neither party got everything they wanted, something the senate republican leader noted on the floor earlier as all of this gop infighting plays
crosshairs. ssia unleashes the largest wave of drone attacks on ukraine s capital on the eve of the city s founding anniversary. what s in a name? tonight we ll focus on the struggle of some in the asian community and their efforts to take back their cultural identity. murky mystery. what s turning this part of a venice canal bright green? and later, condolence call. as the nation pauses to remember our fallen, we ll tell you how one woman helped change army protocol, bringing dignity and comfort to families. announcer: this is the cbs weekend news from washington with jericka duncan. good evening and thanks for joining us on this sunday. after days of negotiations and late-night conversations to increase the country s $31.4 trillion debt limit, tonight there appears to be a bipartisan relief. the president and republican leadership now have a tentative agreement to head off a potential default on government loans. however, there s still many hurdles in the way as
deal reached with kevin mccarthy to raise the nation s debt limit. here is what the president had to say. i m about to go in and call mccarthy now, make sure all the ts are cross and the is are dotted. a few on capitol hill have expressed some skepticism that the bill will have enough support to pass. today, speaker mccarthy told reporters that he is confident there will be enough votes to get through his chamber. to take you back to where we started, back to february 1. sat down with the president. i said, let s work together to raise the debt ceiling but curb the amount of spending. cut red tape. get work requirements to help people get back into work. i think this agreement frames all of that from limit, save, grow. it doesn t get everything everybody wanted. i think it s a positive bill. we did a conference call with our conference. over 95% were excited about what they see. they get the text today. look, in every single negotiation, when it comes to the debt ceilin
pete: hello good morning it s 8:00 o clock hour on the east coast, that was a navy band northeast ceremonial band that you were listening to. they have been here all morning and they were here yesterday and they are fantastic, it is the day before memorial day, the day before we recognize, honor and remember all those who lost their lives in service to our great country. from that we have fewer e-mails honoring service members in their lives that were killed in action. pete: let s start with john and judith who are in remembering their son john j dunn, he was killed in an intruder aircraft to japan in 1984. rachel: honoring the navy johnny johnson he was killed aboard the uss plymouth when he was torpedoed by an au boat off the coast of cape henry virginia back in 1943. lastly lynn is remembering her cousin billy mays in the vietnam war 1965 the family says, the heartbreak is still as wrong today as the day we were notified. let me tell you all the vietnam veterans never miss