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
announcer: this is cnn breaking news. you re live in the cnn newsroom. i m jim acosta in washington, a very late saturday night on memorial day weekend but we re here for good reason. we re 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 nation s debt ceiling. just ten minutes from now house speaker kevin mccarthy will address reporters we re 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 cnn s 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, i m hearing from a source close to negotiations yes ho
another being they protected the inflation reduction act, which is another big part of president biden s legacy, one of his big legislative achievements. to david s point about extending this out to 2025, that is that s a major win for the u.s. economy is it not, to not have to go through this process smack-dab in the midof the 2024 election cycle. yes. far more than this being a win for the president, i agree this is a win for the global economy and the global financial system given the fact that we are toying with default today when we are far enough away from an election where in theory politicians should be prioritizing policy outcomes and not what guides the polls. imagine how much more irrational these debates would be in the lead-up to an election? that s what really terrifies me, that if they were threatening to essentially blow up the global
train and spaed out of the area in the midof the incident. so they ve got a lot of work to do in terms of identifying and rounding up all of those folks that could present them with leads that need following up. and in terms of bringing those resources to bear, juliette kayyem, you re back with us. you mentioned new york city. obviously, we have the 9/11 experience, we have other terrorism experiences. so you have both tabletop exercises done routinely to cooperate between the state, local, and federal law enforcement agencies, and unfortunately, in new york, more than most other places, you have real-life experience. how does that come together in the moment, when the bell sounded this morning, saying, incident, subway station? actually, it s the transit police. it s well before the nypd. there are so many different jurisdiction within new york. it s going to be the transit police and any other jurisdictions that are there, that should have made a call about shutting down all the
actually affected. that s a great point. there s a multiplier there, no question. chad myers, thanks so much. as we noted there, a million customers without power in the state of louisiana, with phone lines down, and the very real threat of rising floodwaters this morning. a group of volunteers, the cajun navy, is already assisting with water rescues of those trapped in their homes. with me now, of the cajun navy. you always do such great work in the midof these storms. in a way, no one does it better than you. how many people are you hearing from right now that are still in danger? well, we re hearing all through the night on our open channel, we were they gave out our number, and especially my business number. we were hearing laplace, all the different areas down there with