Appreciate your company. Coming up on cnn newsroom, an agreement in principle on the debt ceiling. Washington has a plan to avoid a catastrophic default, but details still need to be ironned out, then it has to get through congress. Also ukraines top general issues a pointed message for his soldiers, russia, and the world. And we do begin in Washington A Late Night Agreement to try to prevent a looming debt crisis. The white house and republicans have reached a deal in principle to raise the debt ceiling and cap government spending. It is meant to avert the first u. S. Default in history, which could have disastrous consequences worldwide. Heres how u. S. House speaker Kevin Mccarthy characterized the breakthrough. After weeks of negotiate az we have come to an agreement in principle. We still have a lot of work to do, but i believe this is an agreement in principle. It has historic reductions in spending and lift people out of poverty into the work force, rein in government overreach.
Announcer this is cnn breaking news. Youre live in the cnn newsroom. Im jim acosta in washington, a very late Saturday Night on Memorial Day Weekend but were here for good reason. Were here in a crucial moment on debt ceiling talks. Multiple sources tell cnn that the white house and House Republican leaders have reach an agreement in principle, we should note in principle on raising the nations debt ceiling. Just ten minutes from now House Speaker Kevin Mccarthy will address reporters were told, and then at the bottom of the hour Republican Leaders will brief their fellow colleagues in the gop conference on the outlines of this deal. The briefing comes after a phone call earlier this evening between mccarthy and President Biden, and cnns Priscilla Alvarez is at the white house for us. Priscilla and manu raju still with us up on capitol hill. Late night, guys. Priscilla, what can you tell us . Reporter jim, im hearing from a source close to negotiations yes House Speaker mccarthy have a
appreciate your company. coming up on cnn newsroom, an agreement in principle on the debt ceiling. washington has a plan to avoid a catastrophic default, but details still need to be ironned out, then it has to get through congress. also ukraine s top general issues a pointed message for his soldiers, russia, and the world. and we do begin in washington a late night agreement to try to prevent a looming debt crisis. the white house and republicans have reached a deal in principle to raise the debt ceiling and cap government spending. it is meant to avert the first u.s. default in history, which could have disastrous consequences worldwide. here s how u.s. house speaker kevin mccarthy characterized the breakthrough. after weeks of negotiate az we have come to an agreement in principle. we still have a lot of work to do, but i believe this is an agreement in principle. it has historic reductions in spending and lift people out of poverty into the work force, rein in g
the whole campaign and not have to answer tough questions, well, then we may be in danger of seeing a democrat sweep in 2024. steve: all right. good morning, everybody. it s 6:00 here in new york city and we start this wednesday morning with the race for the white house. the republican presidential primary heating up with former president donald trump expected to arrive in iowa today. ainsley: yeah. that s right. his visit to the hawkeye state comes just a day after florida s governor ron desantis kicked off his great american comeback tour. brian: right. here we go. lucas tomlinson joins us now to set the table. lucas? good morning, steve, ainsley and brian. first visit to iowa as a presidential candidate. florida governor ron desantis vowed to fix the border once and for all. i m frustrated on things like the border because i have been listening to these politicians talk about securing the border for years and years and years. i could tell you if i m president, th