situation room. happening now, president biden and house speaker mccarthy are scrambling big time to sell their debt limit deal to lawmakers. their agreement could avoid a catastrophic default if congressional leaders can find the votes and push the bill across the finish line before it s too late. only a few days left. in ukraine, a rare daytime missile barrage shakes the capital city of kyiv. the russian attack apparently repelled by air defenses as ukrainian forces hit. they re nearly ready to launch their highly anticipated counteroffensive. we re keeping our eyes to the roads and the skyways on one of the busiest travel days of the year. what you can expect if you re heading to the airport or hitting the road on this memorial day. welcome to our viewers in the united states and around the world. i m wolf blitzer, this is a situation room special report. our top story this evening, the debt limit deal between president biden and speaker mccarthy is about to be pu
earlier today, president biden told reporters, he is confident a deal will reach his desk. and no more sticking points to iron out. msnbc news has also learned part of the deals raising the debt limit for two years, avoiding another debt showdown before the 2024 election. the deal also clause back some unspent pandemic funding, we ll talk about what that means. and shaves off some irs funding. it also expands work requirements for certain adults on food stamps. speaker mccarthy also spoke to senate republicans this afternoon about his deal at the white house, two sources tell msnbc, republican retold the bill 150 pages. and will include 15 pages of spending cuts. this morning, he told reporters, he expects a vote on the bill as soon as this wednesday. we did a conference call with a conference over 95% were overwhelmingly excited but what they see. they re getting the text today, the process, look, in every single negotiation, when it comes to debt ceiling and others, you
with way too early. yasmin vossoughian picks up our coverage now. good morning. on this memorial day, i m yasmin vossoughian. at this hour we re breaking down everything we know about tentative deal between the white house and the republicans on capitol hill to raise the debt ceiling, avoiding what would have been a cats trovg debt default. in iowa, crews are frantically searching for survivors when a six-story apartment building partially collapsed after residents reportedly complained about the state of the structure. over in ukraine, new explosions in the capital city after another brutal round of russian drone attacks. we ll bring you a live report from the capital city of kyiv. also, on this memorial day, tens of millions of americans returning home as the long weekend comes to a close. we ll bring you what you can expect on the roads on one of the busiest travel days of the year. hey, everybody. good to see you. we re going to begin with a critical breakthrough in
prevents the worst possible crisis, default for the first time in our american history, economic recession, millions of jobs lost and protects key priorities, accomplishments and values that congressional democrats and i fought long and hard for. president biden and house speaker kevin mccarthy have a deal to raise the debt ceiling in exchange for spending cuts. we will go through what is in the agreement and the reaction from lawmakers on both sides of the aisle. we have new reporting on the evidence that manhattan prosecutors have in the hush money case against former president donald trump. also ahead, the latest from the war in ukraine following the largest drone attack yet by russian forces on kyiv. good morning. it s 8:00 a.m. on the east coast on this monday, may 29th memorial day. i m jonathan lemire. joe, mika and willie will be back with me live tomorrow. let s dive into the news. in washington, a deal has finally been made over the debt ceiling. we have goo
jenkins in washington on the search for common ground. peter doocy on a pitch to force a deal and a patriotic millionaire, what they re pitching to get a deal. how we make ends meet. because we re far from doing that, aren t we? let s get the very latest from griff jenkins in washington with more on this spending show down. griff? happy tax day, neil. it appears a dangerous game of chicken is being played with the world s largest economy. speaker mccarthy has outlined a proposal to raise the debt limit for one year in exchange for caps on future spending, clawing back unused covid funds. the devil is in the details. the legislation is still being crafted as note all of mccarthy s members of his own party are on board yet. watch. i think we ve got a lot of specifics to work out. but directionally, we re getting closer as a team to a proposal to the senate. i m encouraged by the discussions we ve had today. ultimately it s about the math. mccarthy has 222 republicans and