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you re live in the cnn newsroom. i m jim acosta in washington. we begin with president biden playing salesman in chief. the white house has been briefing house and senate democrats on the tentative deal to raise the nation s debt ceiling. a source says that a midafternoon phone call between president biden and house spe speaker kevin mccarthy has not happened yet. the call was to finalize the remaining details. experts say a default would be disastrous for the u.s. and global economies and that threat is still looming ominously at this hour. on capitol hill, lawmakers sound like they re unhappy with this deal. so passage is not guaranteed yet. this is unfolding as a june 5th deadline is drawing closer. we re following all of these latest developments. priscilla alvarez is at the white house for us. what are you learning about this phone call? is it going to happen? there s ever expectation that it is going to happen, jim. as you mentioned, president biden had said ....
Bill of tax cuts that they wouldn t touch mostly that went to millionaires and wealthy people. and that was off limits in those discussions which is outrageous. when you have tax cuts, you re pulling revenue out of the economy and that counts just as much as spending. and the republicans under donald trump didn t pay for any of that. we were operating in a situation where we had to protect veterans funding which they were willing to cut, we had to make sure that we had the kind of cuts that were draconian. we ended up at fy-21 levels. i know the details and i know the granularity of it. at the end of the day when we go through the appropriations process, we ll be at fy-23 levels. we re protecting and ensuring that we don t go through this again next year. quick follow up on what the president had to say congresswoman. ....