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Transcripts For CNNW CNN 20240706

you re live in the cnn newsroom. i m jim acosta in washington. we begin with president biden playing salesman in chief. the white house has been briefing house and senate democrats on the tentative deal to raise the nation s debt ceiling. a source says that a midafternoon phone call between president biden and house spe speaker kevin mccarthy has not happened yet. the call was to finalize the remaining details. experts say a default would be disastrous for the u.s. and global economies and that threat is still looming ominously at this hour. on capitol hill, lawmakers sound like they re unhappy with this deal. so passage is not guaranteed yet. this is unfolding as a june 5th deadline is drawing closer. we re following all of these latest developments. priscilla alvarez is at the white house for us. what are you learning about this phone call? is it going to happen? there s ever expectation that it is going to happen, jim. as you mentioned, president biden had said ....

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Transcripts for CNN CNN Newsroom With Jim Acosta 20240604 22:40:00

But president biden essentially saying that going through, i should say, the catastrophic coincidences that have been looming over this white house should there be a default and saying that it takes the threat off the table. he conceded that not everyone got what they want. we ve been talking throughout the day, through the outline of this framework, which included those work requirements on social safety net programs that house democrats were worried about. they did get the debt ceiling to go two years, not having to revisit this in 2024 during a presidential election. so there was wins and losses. now it comes down to how they sell that to house democrats and senate democrats. they ve been on the phone with them all day and president biden said he was on the phone with house speaker kevin mccarthy. that was a call we were waiting on. it has happened. now it s all about the road ahead. but that doesn t mean that the white house involvement is over. they re very much still working the ....

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Transcripts for CNN CNN Newsroom With Jim Acosta 20240604 22:21:00

Deal. the white house has been briefing democrats throughout the day. joining me now to talk about it is debbie wasserman schultz of florida. congresswoman, great to see you. thanks for being with us. i guess what do you think i understand you were just on a call with the president or the white house about this debt ceiling deal. what are they telling you and what did some of your members say? i m having to guess here, i m going to read between the lines that perhaps there might have been some i guess folks expressing disappointment on that call. what did you hear? well, no, there wasn t actual disappointment expressed on the call. we are going to be briefed over the next two days. we ll have very specific briefings and that s really what it boils down to is that we want to make sure and the white house wants to make sure that, you know, when the text is completely written and we have those details, we ll be up to speed and in a position to be ....

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Transcripts for CNN CNN Newsroom With Jim Acosta 20240604 22:36:00

Right there at the very end, he indicated that maybe not before the 2024 election, maybe it s after the 2024 election, it sounds like he s going to be revisiting the idea of the 14th amendment and whether or not the president can essentially raise the debt ceiling himself or herself by virtue of the 14th amendment. did you pick up on that when he said that? and what are your thoughts? is it time for the united states to have a system where you don t have to go through the congress to raise the debt ceiling? it sounds like the president said that would be too disruptive right now. but it sounds like he s receptive to that ideas perhaps down the road. what did you make of that? well, i personally have always thought we should take off the table whether or not we pay our bills, that our debts in our nation have occurred. there s no family in america has the ability to not pay their bills. that shouldn t be subject to the political whims or the ....

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Transcripts for CNN CNN Newsroom With Jim Acosta 20240604 22:25:00

Two years only, we also got an expansion of who actually gets access to food stamp benefits, homeless, veterans, and aged-out foster youth will get access to the benefits now and theirs is not time limited. so that s a permanent expansion for food stamps for those groups. and a limited a limited work requirement period until 2030. so look, at the end of the day, i ll take expanding benefits for people who really need those food stamps to ensure that they can have the quality of life and put food on their table that they need. if we have to deal with a few years of work requirements of people between 50 and 54, i think that s that s a more reasonable price to pay, even if i would have preferred that we not add work requirements on people who are struggling to begin with. and i should note to our viewers, we may be going to the president any moment now. congresswoman, i know you ve done this a long time. you know how much i would hate ....

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