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you are live in the cnn newsroom. i m jim acosta in washington. in washington, the clock is ticking and the push is on. president biden and house speaker kevin mccarthy are racing to sell a tentative debt ceiling agreement to their respective parties. minutes ago, the president confirmed that he spoke with mccarthy by phone. they finalized the last of the details and said the deal now moves to the full congress for its approval. if they reject it or can t iron out their differences before june 5th, the u.s. could default on its debt, a scenario many experts say would be disastrous. not just for the u.s. economy, but for the global economy as well. and that threat still looms ominously over the capitol at this hour. up on capitol hill, lawmakers from both parties have their reservations. so passage is not guaranteed and all of this is unfolding as that fiscal deadline gets ever closer. cnn s priscilla alvarez is over at the why for us. eva mcken is live on set. let s begin a

Cnn newsroomJim acostaKevin mccarthyDebt ceiling agreementU sJune 5thPriscilla alvarezUp onCapitol hillEva mckenWhite houseDebt ceilingHouse speakerBudget spendingSenate democratsPoint of view