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is the crowded gop field playing right into the former president s hands? welcome to our viewers here in the united states and around the world. i m wolf blitzer. you re in the situation room. let s get straight to the scramble to avoid a historic default on the u.s. debt. president biden and speaker mccarthy are both working the phones tonight as they try to rally support from skeptical lawmakers. cnn is covering the race to pass the agreement from every angle. the stakes right now for the american people and, indeed, the world economic situation are enormous. our correspondents are over at the white house and up on capitol hill. we re getting new details right now and a key democratic leader, congressman james clyburn, is standing by live. we ll get to him in a few moments. first to cnn white house correspondent jeremy diamond. what is the latest where you are over at the white house. reporter: this entire negotiation process was driven by the understanding th ....
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 SpeakerKevin 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 briefin ....
you re live in the cnn newsroom. i m jim acosta in washington. we re at a crucial moment in the high-stakes debt ceiling talks. we re waiting for details on a phone call that just wrapped up in the last hour between president biden and house speaker kevin mccarthy. negotiations are down to one final sticking point, safety net for social programs. leaders may have as little as eight days to prevent the u.s. from defaulting on its debt. many experts predict economic disaster if that happens. manu raju is up on capitol hill. manu, i was hoping since you were there in front of the cameras for us today that that meant i think this is probably our strongest indicator, that you were on capitol hill for us. president and kevin mccarthy spoke. at this point if the speaker were to come out and touk alk t reporters, that would be a good sign. you tell us. reporter: that s right, jim. the speaker said today he would be the one to make the announcement that there is a deal. we ....
and a moderator. he praised each other and bashed the mainstream media. no shortage of hit pieces on you in the press over the last week or two. i thinks this is a function of these, the legacy media, these corporate journal they re in their little bubble. i saw a headline from the atlantic basically claiming that anyone who listens to this space on twitter basically a nazi. howard: but by then they d lost half their audience, so why did ron desantis roll the dice on twitter not blowing up like a spacex rocket? he s hardly a big fan of the mainstream media and not a great can orator, so he made the digital bet. the coverage of musk, who s been hated by left-wingers and admired by right-wingers. i mean, look at in this disgusting vanity fair headline, ron desantis the will formally announce with elon miss you can because apparently david duke wasn t available. i m howard kurtz and this is mediabuzz. howard: ahead, finally a debt ceiling deal, but is the p ....