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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 ....
Appreciate your company. Coming up on cnn newsroom, an agreement in principle on the debt ceiling. Washington has a plan to avoid a catastrophic default, but details still need to be ironned out, then it has to get through congress. Also ukraines top general issues a pointed message for his soldiers, russia, and the world. And we do begin in Washington A Late Night Agreement to try to prevent a looming debt crisis. The white house and republicans have reached a deal in principle to raise the debt ceiling and cap government spending. It is meant to avert the first u. S. Default in history, which could have disastrous consequences worldwide. Heres how u. S. House speaker Kevin Mccarthy characterized the breakthrough. After weeks of negotiate az we have come to an agreement in principle. We still have a lot of work to do, but i believe this is an agreement in ....
appreciate your company. coming up on cnn newsroom, an agreement in principle on the debt ceiling. washington has a plan to avoid a catastrophic default, but details still need to be ironned out, then it has to get through congress. also ukraine s top general issues a pointed message for his soldiers, russia, and the world. and we do begin in washington a late night agreement to try to prevent a looming debt crisis. the white house and republicans have reached a deal in principle to raise the debt ceiling and cap government spending. it is meant to avert the first u.s. default in history, which could have disastrous consequences worldwide. here s how u.s. house speaker kevin mccarthy characterized the breakthrough. after weeks of negotiate az we have come to an agreement in principle. we still have a lot of work to do, but i believe this is an agreement in principle. it has historic reductions in spending and lift people out of poverty into the work force, rei ....
i m laila harrak. republicans already raising concerns over the agreement in principle on the debt ceiling as both president biden and house speaker mccarthy race to seal the deal with their allies in congress. the gop turns on one of its own in texas in an unprecedented move to impeach the state s attorney general. details and how that official is reacting. and we re live for you in istanbul as voting there gets under way for turkey s presidential runoff election. we begin in washington where congress is drafting new legislation on the u.s. debt limit hours after officials reached a deal to try to avoid a disastrous default. the white house and republicans say they agreed in principle to raise the u.s. debt ceiling and cap government spending. house speaker kevin mccarthy says law maeshls are now expected to vote on that agreement this wednesday. before it can move forward, he must convince hardliners that it s worth it. here s how he characterized the deal. afte ....
voted to impeach attorney general ken paxton. he s accused of bribery and abuse of public trust. they said the impeachment was illegal and being called what he called corrupt politicians. we ll have more in just a moment. in the meantime, in washington, it is deal or no deal. two sources tell cnn president biden and house speaker kevin mccarthy are expected to speak this hour. it comes at a critical moment in the debt ceiling talks and a source says it is now down to one final sticking point. work requirements for social safety net programs. they may have as little as eight days to prevent the u.s. from defaulting on its debts. many experts predict economic disaster if that happens. let s begin at the white house and capitol. manu, they would not be getting on the phone just to go over what they re going to have at their memorial day barbecue. this means that maybe we re getting close. reporter: yes, indeed it does. i just spoke with patrick mchenry, one of the key ne ....