Live Breaking News & Updates on Manu Raja On Capitol Hill
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white house bid official, and the challenge now is to take on trump without making the base turn against him. these stories ahead on cnn news central. so, this just in. we got word that negotiators are meeting right now. this is ahead of the crucial meeting this afternoon between president biden and house speaker kevin mccarthy. june 1st is now 10 days away, and this is the day that treasury secretary janet yellen says is a hard deadline that is ahead of the economic disaster that going to affect millions of americans like medicare and medicaid benefits and military salaries and other benefits at real risk. and now, many at capitol hill hounding their representatives, and that is the last we heard from house speaker kevin mccarthy. look, there is no agreement on anything. we have all said the peace on where we r and we are trying to find common ground to get this done. so right to manu raja on capitol hill. i understand that the staff level negotiators and membe ....
one hour from now, president biden is again going to host the top four members of congress and for potential june default date, and no closer to the deal to have catastrophic outcome, and speaker mccarthy is going to tie the debt ceiling to spending cuts and work requirements and biden is going to call for the debt creeling to be dealing with the condition, and if you are going with what the two sides are saying for the two hours, the forecast gloomy, and arlette seanez is at the white house. at some point, someone has to give up something, and can we find out what the potential concessions are today? well, brianna, in about an hour, we should get a glimpse of where the concessions are headed as the white house is going to be hosting kevin mccarthy and other congressional leader here at the white house. heading into the meeting, the expectations are low that they will come out with a concrete agreement with a default. and you heard house speaker kevin mccarthy who sai ....
Re-elected. heading into the meeting, there are vast differences of how to approach the budget agreement. manu talked about spending levels, and the white house would like to free it at the current year, and the republicans want it to be reversed back to fiscal year 2022, but the president made it clear over the weekend that it is time for the republicans to start to compromise, and he noted that it has to be a bi-partisan deal and getting the sign-in from the republicans and the democrats, and in order for that to happen, the republicans have to make some concessions in the negotiations, but certainly at the moment, they are facing incredibly real constraints as the president and speaker mccarthy come together this afternoon as a potential default is getting closer and closer in this country. so the meeting of the principles at this minutes are ....
From house speaker kevin mccarthy. look, there is no agreement on anything. we have all said the peace on where we r and we are trying to find common ground to get this done. so right to manu raja on capitol hill. i understand that the staff level negotiators and members are back together at this moment. what does that mean? yeah, that is right. the negotiations are taking place right now, but there are huge obstacles ahead in order to avoid the nation s first ever debt default and to raise the $30 trillion debt limit, and if not, the government cannot pay its bills, and if so, economic calamity could ensue. the democrats and the republicans are not on the same page on a whole wide range of issues and namely on the federal cut of spending. the republicans want to pear back the spending, and the ....
Meeting, and you let us know if there is white smoke or black smoke coming from the meeting, manu. thank you. and at this hour, tim scott, a representative of the republican party is going to take to his alma mater at university of south carolina to carve out his own path in the republican field, and a field that polls clearly show is still dominated by former president donald trump of course. joining me ahead of the big announcement is former republican congresswoman mia love, and also political commentator errol louis and it is so great to see you, and as we wait to hear from tim scott next hour, what are you seeing him doing? and what do you need to see him do with the first introduction to the voters today? that is what i am going to be ....