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CNNW CNN July 6, 2024

high stakes debt talks. just moments ago we learned that president biden has agreed to meet with house speaker kevin mccarthy tomorrow in the nation s capital. and staff level talks between the two sides will resume in a few hours. the two men agreeing to a one-on-one meeting after what mccarthy called a productive phone call today with the president as he threw home from the g7 aboard air force one. and before departing japan, biden painted a grim picture telling reporters that he cannot guarantee the u.s. will not default in 11 years when the u.s. government runs out of money and is unable to pay its bills. we ve got team coverage of these new developments. phil mattingly is in japan at the g7. but let s begin with melmelanien capitol hill. reporter: and speaker mccarthy is signaling this could be a much needed reset for these talks after a weekend of stalled negotiations and rejected offers. they connected on the phone today. and speaker mccarthy said that they tal ....

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CNN CNN Newsroom With Fredricka Whitfield June 4, 2024 18:02:00

Be a much needed reset for these talks after a weekend of stalled negotiations and rejected offers. they connected on the phone today. and speaker mccarthy said that they talked about the debt ceiling and the trip abroad but most importantly, they agreed to continue talking. they will meet in person tomorrow and some of the key gosh negotiate tors will continue meeting today. i believe that it was a productive phone call.tors will meeting today. i believe that it was a productive phone call. at the end what we agreed to do, we ll have staff get back together. he will ask his team to get back together so we can walk them through literally what we ve been talking about. i think some of the challenges here that they might not completely understand how we re coming about this. reporter: these types of breakdowns in these high stakes negotiations are not uncommon. ....

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