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president biden and u.s. house speaker mccarthy reach a tentative deal to raise the debt cree but will they be able to sell it to skeptical lawmakers on both sides of the aisle? and polls open in turkey. we re live in istanbul as voters began casting their ballots in the country s historic presidential runoff. plus, fueling speculation. ukraine s top commander releases a video that has many wondering if the country s counter offensive could be imminent. we begin in the u.s. with a late night agreement to try to prevent a disastrous debt default. the white house and republicans say they ve agreed in principle to raise the u.s. debt ceiling and cap government spending. u.s. house speaker kevin mccarthy is hailing the deal as a breakthrough that was reached after a flurry of crisis talks. after weeks of negotiations, 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 that s worthy of the america ....
newsroom . with regard to the debt limit things are looking good and very optimistic. that might be how president biden feels about debt ceiling negotiations, but it s not clear everyone agrees, we ll look at the obstacles still ahead. and we have to be on top of the plane we re going to get on top of the plane. yeah, buckle up for what s expected to be a very busy holiday travel weekend, it s the unofficial start of summer, people, and the u.s., and millions here, are on the move. plus, cnn sports andy scholes joins me live to look at how new rules in major league baseball are putting action back in the game. . announcer: live from cnn center this is cnn newsroom with paula newton. we begin with a renewed sense of optimism on capitol hill this hour that a financial disaster could be averted. white house and republican negotiators have been hammering out the details of a plan to raise the nation s debt limit and we re told an agreement could be reach ....
saying he feels closer to a deal today than he has before, but not everyone in his party is as optimistic. one top republican negotiator warning the deal is still teetering on the brink and could fall apart entirely. meanwhile, the national deficit continues to soar to new heights and treasury secretary janet yellen says there are only eight days remaining to pay america s bills. is everyone on board? reporter: we ll see about that. he came in to the capitol this morning and told reporters he s feeling optimistic and thinks progress has been made and really they re focused on a few remaining sticking points for this deal. i am told the goal is to have a deal announced by the end of today. we ll see if they can get there. we have new reporting about what the outstanding issues are. one of them is a provision to impose new work requirements on some social safety net programs. i m told they made some progress on that in negotiations last night. we re going to see today ....
with just one week left until treasury officials say they will run out of cash to pay its bills, the mood music from washington was upbeat. but a deal can be done to avoid default. i want to be clear. the negotiations we are having with speaker mccarthy are about the outlines of what the budget will look like, not about defaults. it is about competing visions for america. nothing will be resolved until we resolve them all. we know where our differences lie. we worked well past midnight last night, we are back at it today, trying to get to the conclusion so we can solve this problem. failure to reach an agreement could have global implications. fitch, one of the major credit rating agencies warned of a potential downgrade to the us credit rating if the deal isn t done. the us treasury department seized on this, saying it underscored the need for swift bipartisan action. the biggest sticking point remains spending. if they don t cut enough, they won t win over republicans ....
the mood in washington. with just one week left until treasury officials say they will run out of cash to pay its bills, the mood music from washington was upbeat. but a deal can be done to avoid default. i want to be clear. the negotiations we are having with speaker mccarthy are about the outlines of what the budget will look like, not about defaults. it is about competing visions for america. nothing will be resolved until we resolve them all. we know where our differences lie. we worked well past midnight last night, we are back at it today, trying to get to the conclusion so we can solve this problem. failure to reach an agreement could have global implications. fitch, one of the major credit rating agencies warned of a potential downgrade to the us credit rating if the deal isn t done. the us treasury department seized on this, saying it underscored the need for swift bipartisan action. the biggest sticking point remains spending. if they don t cut enough, they wo ....