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latest from the front lines. plus a new search has just been announced in the missing toddler madeline mcgahn. we re following these major developing stories and more all coming in right here to cnn news central. in just a couple of hours president biden and speaker mccarthy will give it another try. they will meet face-to-face again in the ongoing staredown over the debt ceiling. so far neither leader has blinked. because of that the u.s. could default if no agreement by june 1st. running out of money for social security and military salaries. last hour speaker mccarthy told cnn a deal has to be ironed out much sooner than that deadline. reporter: do you need to have a deal tonight? it would be better to have a deal sooner. if we can get a deal tonight or tomorrow, you ve got to get something done this week to be able to pass it and move it to the senate. reporter: is it possible to get it done? i think it s still possible. reporter: square my diamond ....
i m paula reid in washington. jim acosta has the day off. we are following several developing stories on this busy afternoon. the u.s. takes another step closer to running out of money to pay its debts. despite a deadline as close as 12 days away, the high-stakes negotiations between the white house and republicans have broken down. and it s not clear when they will resume. meanwhile, president biden will cut short his asia trip to address the looming debt crisis, but before heading home tomorrow from the g7 summit in japan biden will meet with ukraine s president. president zelenskyy is making a dramatic appearance at the gathering to ask world leaders for more help in the war against russia. zelenskyy s plea comes as russia claims a major victory in ukraine. today the head of the mercenary wagner group says his fighters captured bakhmut after months of brutal fighting. ukraine says it still holds a small portion of the city. cnn s phil mattingly is at the g7 summit in ....
keeping his economic commitments abroad while managing a debt crisis at home, president biden says the best use of his time was to cut shows h histropy asia. we ll have the latest on that search. and the governor of montana thinking there s enough threat from china to ban tiktok, but how will he force it out of the hands of teenagers. all these stories are coming in to cnn news central. today in hiroshima, president biden was peppered with questions did the debt default, which really want supposed to be on the agenda. he s already cut his trip short, so he can get back to finalize a deal. leaders in washington have about two weeks to avert a potential disaster. let s take the live to japan for marc stewart . reporter: i cannot stress enough if there s a u.s. daylight, not only likely would it put the u.s. economy into recession, it could create global financial shockwaves. that s relevant for the g7. policy decisions, positions relating to the war in ukraine. m ....
from the war zone including reports of explosions in russian occupied territory. also tonight, a serious setback for talks on raising the federal debt limit and avoiding a catastrophic default. with negotiations now on hold, i ll ask the former treasury secretary larry summers what the president and the congress add leadership should do next as time for reaching a deal is running out. and new insight tonight into senator dianne feinstein s health and mindset after new confirmation of medical complications she faced. i ll speak with her former senate colleague barbara boxer amid growing questions about senator feinstein s ability to serve. welcome to our viewers here in the united states and around the world. i m wolf blitzer and you re in the situation room. we begin this hour with two of the most pressing matters for president biden as he meets with key allies in japan. the war in ukraine, and the threat of the united states defaulting on its debt. cnn s chie ....
officially challenge donald trump for the g.o.p. presidential nomination. i think florida and iowa are a source of hope. norah: the air national guardsman accused of leaking government secrets was previously caught searching for classified documents. but was not removed from his position. thousands have been forced out of their homes after heavy rains caused catastrophic flooding in northern italy. norah: how a recovery program tackles addiction and rebuilds lives through the art of woodworking. everybody deserves a second chance. the new york city ballet recently promoted its first-ever asian american female principal dancer. what it means for increasing diversity on stage. to make anyone feel more accepted is just the best gift. norah: good evening to our viewers in the west, and thank you for joining us on this thursday night. tonight, there are new details in the investigation of the deadly shooting rampage in farmington, new mexi ....