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CNNW CNN July 6, 2024

hello, everyone. thanks for joining me this saturday. i m fredricka whitfield. we begin this hour in washington where right now negotiators are back at the table as they race to end the debt ceiling standoff. republican leaders and white house officials are returning a short time ago, after a marathon session lasted well into the night, the clock is ticking, to get a deal in place, before the u.s. defaults on its loans. the national deficit continues to soar. with no rise to the borrowing limit, the u.s. will default on its loans which could be catastrophic to the economy. the treasury secretary now is saying the deadline for an agreement is just eight days away. but talks are teetering on the brink, with at least one top republican negotiator warning that a deal could come together as soon as today, or fall apart entirely. cnn is following the latest. good morning. you re on capitol hill, and you spoke to the house speaker kevin mccarthy. what did he say? is he optim ....

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CNN CNN Newsroom With Fredricka Whitfield June 4, 2024 15:07:00

Government will default on its debt. and most members have gone home for the holiday weekend. we hear from kevin mccarthy, want it done soon, so when they get back, everyone can read in and start the process of voting in on it and weighing in, well ahead of that deadline. thanks to both of you. appreciate it. let s bring in now a congressional reporter for politico, and a congressional reporter fore punchbowl news. good to see both of you. eleanor, you first. president biden expressing optimistic. you just heard from kevin mccarthy who is also admitting it is hard work but he is optimistic. should everyone else feel the same way? yes, they are meeting this afternoon and because kevin mccarthy says he wants to get this done, give them 72 hours to look together whatever they put together, that could put it on time for a floor vote as early as perhaps around tuesday. we just found out from treasury secretary janet yellen last night that in fact the day that ....

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