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
newton. while negotiators race to reach a debt limit deal. the impact on sbmall business owners,sh they re message is simple, get a deal done. and filling your tank compared to this time last year and what s behind the change. republican governor ron desantis on the offensive, and there are clear signs that the gloves will be coming off now that he s officially running for the white house. announcer: live in cnn center, this is cnn newsroom with paula newton. so the white house and republicans could be on the brink of reaching a deal that would allow the united states to keep paying its bills. negotiators have been hammering out the details in late-night talks and a source tells cnn that an agreement on raising the debt ceiling could come as soon as today. even a deal is reached it still, remember, has to pass both houses of congress to avert a financial disaster. manu raju has our report. the clock is now ticking, june 5th. the new date to avoid the first ever de
saying he feels closer to a deal today than he has before, but not everyone in his party is as optimistic. one top republican negotiator warning the deal is still teetering on the brink and could fall apart entirely. meanwhile, the national deficit continues to soar to new heights and treasury secretary janet yellen says there are only eight days remaining to pay america s bills. is everyone on board? reporter: we ll see about that. he came in to the capitol this morning and told reporters he s feeling optimistic and thinks progress has been made and really they re focused on a few remaining sticking points for this deal. i am told the goal is to have a deal announced by the end of today. we ll see if they can get there. we have new reporting about what the outstanding issues are. one of them is a provision to impose new work requirements on some social safety net programs. i m told they made some progress on that in negotiations last night. we re going to see today wheth
before the u.s. defaults. not everyone is confident a deal can be reached, with at least one top republican negotiator warning a deal could come together as soon as today or fall apart entirely. what is the mood on capitol hill right now? reporter: good afternoon. the mood is more optimistic than we ve heard in days. negotiators here this morning are saying they think they re closing in on a deal and really it s all about having an agreement on the agreement and hashing out the remaining sticking points, which we re told are on work requirements and spending caps. we heard speaker mccarthy came to the capitol shortly before 10:30 a.m. this morning. he says he feels more confident than he has and they ve made progress, but some sticking points remain. i asked him if he thinks he would be able to get his full conference behind whatever deal they re able to strike, and he said he does think that will happen. he also said he thinks a deal could potentially come together as earl
the u.s. treasury pushes back the possible default deadline from june 1st to june 5th, giving debt limit negotiators to reach an agreement. the house minority leader, hakeem jeffries, joins me in just a moment r for an exclusive interview. in ukraine, at least two people are dead and 30 injured after a russian attack on a medical clinic, ukraine claims was deliberate. we ll have a live report from the war zone. and as americans prepare to set out for the memorial day weekend, cnn is at the airport and on the highways with everything you need to know about one of the busiest travel days of the year. welcome to our viewers here in the united states and around the world. i m wolf blitzer. you re in the situation room. our top story this evening, the u.s. treasury says debt limit negotiators have slightly, slightly more time to try to strike a deal. but it s still not clear if the two sides can reach an agreement before the nation defaults. from congress to the white