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 principle. It has historic reductions in spending and lift people out of poverty into the work force, rein in government overreach.
Announcer this is cnn breaking news. Youre live in the cnn newsroom. Im jim acosta in washington, a very late Saturday Night on Memorial Day Weekend but were here for good reason. Were 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 nations debt ceiling. Just ten minutes from now House Speaker Kevin Mccarthy will address reporters were 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 cnns 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, im hearing from a source close to negotiations yes House Speaker mccarthy have a
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, rein in g
so they have a deal, but do they have the votes? right now the race to get party holdouts onboard with the debt ceiling agreement, that potentially catastrophic default just days away. we ll have the latest. plus, what caused part of an apartment building to collapse? rescue dogs are now scanning for any sign of survivors in davenport, iowa, as the city s fire chief says the building is structurally up snsound posing threat to his teams. we ll follow those and more stories coming in right here to cnn news central. so some good news over the weekend. president biden and speaker mccarthy face another heavy lift after hammering out a deal in principle to raise the nation s debt ceiling. they have to get their parties to support it. based on early reaction, it may not be entirely easy. the house vote is expected on wednesday. hard liners from both sides are signaling they at least will not support the agreement. so here s part of what s in it. it suspends the debt ceiling thr
president biden and u.s. house speaker mccarthy reach a tentative deal to raise the debt cree but will they be able to sell it to skeptical lawmakers on both sides of the aisle? and polls open in turkey. we re live in istanbul as voters began casting their ballots in the country s historic presidential runoff. plus, fueling speculation. ukraine s top commander releases a video that has many wondering if the country s counter offensive could be imminent. we begin in the u.s. with a late night agreement to try to prevent a disastrous debt default. the white house and republicans say they ve agreed in principle to raise the u.s. debt ceiling and cap government spending. u.s. house speaker kevin mccarthy is hailing the deal as a breakthrough that was reached after a flurry of crisis talks. after weeks of negotiations, 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 that s worthy of the american peop