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 l or barista coffee and espresso system. a masterpiece in taste it s opium in washington. there is still no deal to raise the debt ceiling, and at this hour, house republicans are holding a wig meeting to discuss what the process will be over the next few days, if in fact a deal is reached. president biden told reporters today that he is optimistic that a deal can be finalized tonight. with regard to the debt limit, i think they re looking good, very optimistic. i hope we will have some cool or evidence tonight before the clock ticks 12, that we have a deal. but it s very close. and i am optimistic. i am hopeful we will know by tonight whether we re going to be able to have a deal. all right, so settle in. this might be a long night for us. white house and house republican negotiators and look closer to a deal in the last 24 hours as we reported last night. this morning republican house speaker kevin mccarthy had this to say. i thought we made progress yes
navigate challenges in the coming years. over the past three years, as chief of staff of the air force, general brown has become known for his signature approach, accelerate, change, or lose. accelerate, change or lose. general, you re right on. as i ve often said, our world is at an inflection point, where the decisions we make today are going to determine the course of our world for decades to come, and to keep america and people safe, prosperous and secure, we have to move fast and adapt quickly, we have to maintain a combat ready force capable of defeating any potential threat, and we have to manage our competition with china and meet the reality of renewed aggression in europe. we need to make sure we retain our competitive edge in an age where emerging technologies like ai to 3d printing could change the character of conflict. with general brown as chairman, i know i ll be able to rely on his advice as a military strategist and as a leader of military innovation, dedica
how conservatives and liberals think this country should raise and spend its money is a very, very valid discussion to have. sadly, that s not the one we re having. thanks to both of you, and solar and political economy in the american enterprise institute. he s the author of a dream is not dead, but populism could kill it. jennifer reuben is an opinion writer at the washington post, and msnbc political analyst host of the new podcast, jen reuben s green room. all right, straight ahead, we ll continue our breaking news coverage of the debt ceiling negotiations, which are ongoing right now. i ll be joined by congressman lloyd doggett, democrat of texas, and a member of the budget committee, as well as congressman adam smith, democrat of washington, and ranking member of the armed services committee. another hour of velshi begins right now. of velshi begin right now. and good morning to you, it is saturday may the 27th, i m ali velshi, the full faith and credit of the united
not default in 11 days when the u.s. government runs out of money and is unable to pay its bills. we have team coverage of all of these new developments. phil mattingly is in japan at the g7 summit. let s begin with melanie in washington, d.c. help us understand where things stand. is the president optimistic? reporter: what i would say is the talks have not blown up completely yet but they are hanging by a thread. after a weekend of rejected offers, installed talks, the negotiators were really looking for a much-needed reset and they may have gotten it in that phone call today between speaker mccarthy and president biden. they talked a little bit about biden s trip but most importantly they agreed to meet one on one tomorrow, while staff will resume negotiations later tonight. here s a little bit more about what mccarthy said. i believe it was a productive phone call. so at the end of the phone call what we agreed to do is we re going to have patrick mchenry get back tog