hi, bret. bret: this is america s newsroom. 36 hours of chaos threatening vladimir putin s grip on power. mercenary group that was supporting russia in ukraine turning against the kremlin and marching towards moscow. dana: the rebels were members of the wagner group. their leader called off the revolte at the 11th hour. not clear why. his whereabouts right now are unknown. ukrainian forces taking advantage of the chaos. they are reporting gains against russian troops in the east. russian defense minister is making his first public appearance since the revolt doing little to quell speculation that putin is in serious jeopardy. much of his longevity is tied to what happens inside ukraine. he knows full well his future is dependent on what happens in ukraine. i don t see him admitting that he made a terrible mistake here and pull all his troops out. you see a real public perception going against putin. he doesn t have a strong sense of being a strong man anymore. see
economists say this one should not hurt the economy. joining me now is cnbc senior analyst, congressional continue, julie tsirkin, and nbc news white house correspondent, al allie raffa. i want to read a few notable things. jason fuhrman, the former deputy director of obama s national council says the fed will be happy. the economy needs cooling off and this takes pressure off interest rates in accomplishing cooling off. a jpmorgan chase analyst says the agreement could function as the equivalent of a quarter point increase in interest rates in terms of helping to restrain inflation, and ben harris, a former deputy treasury secretary says the most important impact is the stability that comes with having a deal. markets can function knowing that we don t have a cataclysmic debt ceiling crisis looming anymore. so, ron, explain that to us. explain what they re talking about. so katy, i m going to take answer number three as the most accurate one. i just think avoiding a debt
memorial day off. it s tuesday morning. we re glad you re with us. i m jhappy to be joined by my friend erica hill. relaxing. we hope you had a good one. let s get started with five things to know for this tuesday, may 30th. drone attacks hit the heart of russia. two people are injured and three residential buildings this morning are damaged in moscow after the ukrainian capital of kyiv with stands another attack. the debt limit deal set to face its first hurdle today in the house rules committee. speaker kevin mccarthy said he s not worried despite concerns from at least two republican members of that committee. police in hollywood beach, florida, say at least nine people were shot along the boardwalk, three children among the wounded. we re told at least one suspect had been arrested. also today, elizabeth holmes will report to prison in texas. former theranos ceo facing 11 years behind bar for fraud and conspiracy. the miami heat headed to the nba finals where
$31 trillion in debt. and that massive tally continues to grow even after this bill. still, small government, congress, like steve moore, support the bill, calling it a step in the right direction. republican congressman on the other hand, chip roy, is referring to it as a turn sandwich. the washington times describes it as a win for the gop. trashing the deal for normalizing record spending with the president who can t find his parents. now some republican lawmakers, they are infuriated that the compromise maintains what is an unacceptably high level of covid era spending. and, in recovery purposes nearly $100 billion in spending instead of making outright points to the budget. this is a bill that pushes any further negotiation back into those until after the president election, which is a very key points of contention. many republicans want to get another negotiation for next year s presidential election. they fear handing democrats a blank check if they keep the white hous
new details from investigators about why the driver crashed a u-haul truck into barriers near the white house and the shocking speech he planned to deliver to quote, rebuild this world. also, a latest from that horrific memorial day shooting near the beach in hollywood, florida that left nine people injured including three kids. the youngest, just 1-year-old. our nbc news reporters are following all the latest developments. we want to begin with the latest on the florida boardwalk. the police i understand have arrested two people on firearms charges but they re looking for more suspects still. memorial day resulting in tragedy here in hollywood beach. police say this all started because of an altercation between two groups here on the beach when thousands were celebrating the holiday. there is surveillance footage that shows some of those suspects that police are still looking for. so the latest update from police indicates they arrested two individuals carrying firearms.