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high stakes debt talks. just moments ago we learned that president biden has agreed to meet with house speaker kevin mccarthy tomorrow in the nation s capital. and staff level talks between the two sides will resume in a few hours. the two men agreeing to a one-on-one meeting after what mccarthy called a productive phone call today with the president as he threw home from the g7 aboard air force one. and before departing japan, biden painted a grim picture telling reporters that he cannot guarantee the u.s. will not default in 11 years when the u.s. government runs out of money and is unable to pay its bills. we ve got team coverage of these new developments. phil mattingly is in japan at the g7. but let s begin with melmelanien capitol hill. reporter: and speaker mccarthy is signaling this could be a much needed reset for these talks after a weekend of stalled negotiations and rejected offers. they connected on the phone today. and speaker mccarthy said that they tal ....
you re live in the cnn newsroom. i m jim acosta in atlanta. four, three, two, one. engine s full power. and liftoff. falcon 9, go axiom. [ applause ] together we expand this is a beautiful sight if you just missed it, right now four private astronauts are on the way to the international space station. the axiom 2 mission blasted off from the kennedy space center just minutes ago. we ll go there live in just a few minutes to wrap up some really remarkable developments on the space coast. but on the meantime, here in atlanta and in washington, negotiations are resuming to confront the looming debt crisis. the talks will be at the staff level for the moment but they will set the stage for a high-stakes meeting between the president and kevin mccarthy. they spoke today and this new glimmer of optimism, if we could believe it, comes as the prospect of a quick compromise appears increasingly bleak. are you at all optimistic about what we could accomplish today. coul ....
you re live in the cnn newsroom. i m jim acosta in atlanta. we re less than 40 minutes to the launch of axiom two. it s the second mission to the international space station. on board is a former space station commander who has spent more time in space than any other american along with a pilot and two mission specialists from saudi arabia. we ll bring you that launch live in about a half an hour. and negotiations will resume over the debt crisis. they will set the stakge for a high-stakes meeting tomorrow. the president is flying home from the g-7 summit in japan. here s what mccarthy had to say about that conversation. i believe it was a productive phone call. and so at the end of the phone call, what we need to do is, we re going to have patrick mchenry get back together with he s going to ask his team, get back together. so we can walk them through literally what we ve been talking about. i think some of the challenges here they might not completely unders ....
you re live in the cnn newsroom. i m jim acosta in atlanta. we begin this hour with high stakes negotiations starting back up on the nation s looming debt crisis. just minutes ago talks resumed on the staff level in washington. but they will set the stage for a top level meeting tomorrow. president biden is expected to sit down with republican house speaker kevin mccarthy. the two men spoke by phone today as the president was flying back home from the g7 summit in japan. this new glimmer of optimism is a quick compromise appears increasingly bleak. the u.s. could run out of money to pay debts as early as june 1st. experts say that would be disastrous for the u.s. and the global economy. let s go the to white house and arlette saenz. what this what are they saying over there? the president returned to washington much the same when he left it, without any clear resolution in sight to avert a national default on the debts as early as 11 days from now. now, one thing ....
default on january 1st, if a deal is not reached on the debt ceiling. the pressure weighing on president biden and house speaker kevin mccarthy ahead of their next meeting which is now just hours away. our nbc news reporters are following all of the latest developments. i want to go to first nbc s garrett haake on capitol hill ahead of the critical meeting between biden and mccarthy. we just heard from mccarthy moments ago. what did he have to say? reporter: this comes after negotiators from the white house had been meeting for three hours this morning. mccarthy took some questions from reporters about the outlines of these negotiations and i asked him specifically what he would need to see to feel like there was real progress today in his meeting with the president. here s what he told me. decisions have to start being made. it s been days now. the president has to be serious. i have been very clear from the very beginning, we are in this problem because when the d ....