announcer: this is cnn breaking news. you re live in the cnn newsroom. i m jim acosta in washington, a very late saturday night on memorial day weekend but we re here for good reason. we re 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 nation s debt ceiling. just ten minutes from now house speaker kevin mccarthy will address reporters we re 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 cnn s 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, i m hearing from a source close to negotiations yes ho
negotiators locked in a stalemate with a little more breathing room. the treasury department estimating the u.s. will go into default on june 5th, giving both sides an extra four days to reach a deal. some republicans refusing to pass a deal unless their demands are met. what is at stake for millions of americans. 12 people taken to the hospital with respiratory issues. geo bonito standing by. the holiday travel rushes on. 42 million americans expected to drive or fly over the long memorial day weekend. more passengers expected to fly since before the pandemic. severe storms from texas to colorado could impact holiday plans. the warning about possible rip currents from florida to the northeast. rob marciano timing out. 24 hours after the founder of the oath keepers was sentenced to 18 years in prison, two members sentenced for their roles in the january 6th attack on the capital. martha raddatz here tonight. surveillance video showing an alarming school bus crash in south car
american people. a new fox news poll shows that the president is basing serious competition from democrats. he only captured 62% of the vote against challengers robert f. kennedy jr. and maryanne williamson, and worse, 67% of americans view a biden victory in 2024 as a disaster or setback for america, the media pointing out that biden does face an uphill battle. horrible news, horrible news for joe biden and the cnn poll. while he leads his competitors by a huge margin, 2/3 of all of the american people surveyed, 66% of the public say a biden victory would either be a setback or a disaster for the united states. our cnn poll had kennedy at 20%. we ve had two fox polls out in the last month. one had him at 16%. the other one had him at 19%. kennedy is putting up a far more impressive showing than i would have thought when he first entered the race. with numbers that bad critics say the president isn t doing himself any favors by avoiding the media. it s more than a mon
round-the-clock negotiations are on in washington as america faces the very real chance of a potentially catastrophic debt default. house speaker kevin mccarthy saying today he sees progress, but there are still major sticking points that need to be ironed out on everything from spending caps to work requirements. one top republican negotiator warning a deal could be reached as soon as today or they could collapse completely. meanwhile, the national deficit is growing every second, and with no deal in place the u.s. could run out of money to pay its bills, which could have a disastrous impact on the economy. the treasury secretary now saying that could happen in just eight days. cnn s covering all of the angles. what are the obstacles reaching lawmakers from reaching a deal? negotiators were in the capitol until 2:30 a.m. this morning and now they re back in house speaker kevin mccarthy s office meeting virtually with the white house as they continue to try and hash out the
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