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welcome to our viewers in the you united states and around the world. there are signs of movement in the negotiations to raise the debt ceiling. two sources tell cnn that white house and republican negotiators are moving closer to a deal. we ve been talking to the white house all day. we re going back and forth. it is not easy. we want to make sure this is an agreement worthy of the american people and it takes a while to make it happen. jasmine wright is live for us this friday morning in washington. so do we know what the outstanding issues are the democrats and republicans are still far apart on? sounds like they are talking about a two year deal here with spending caps and raising the debt creeling for two years. is that the parameter? reporter: i think those are kind of where negotiations are heading. but in terms of how far apart they are, i think it depends on who you ask. but reality is that there is no deal in principle yet. there are a series of outstand ....
Negotiation. u.s. economy grew faster in the first quarter than previously reported. 1.3%. the fed s pc index out later this morning. and on inflation watch gas prices held steady overnight. today s national average a little more than a dollar below a year ago. let s bring in chief oil analyst at opis. so nice to see you again. looking at average gas prices around the country, this is a little bit of a relief for the memorial day driving folks, right? a little less than last year. will that hold? actually it is a lot less than last year. you mentioned the average price is about $3.57. last year the price was more than $5. so you really don t have to be gas-trodomi september to predict ....