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Transcripts For CNNW CNN 20240706



deal reached with kevin mccarthy to raise the nation s debt limit. here is what the president had to say. i m about to go in and call mccarthy now, make sure all the ts are cross and the is are dotted. a few on capitol hill have expressed some skepticism that the bill will have enough support to pass. today, speaker mccarthy told reporters that he is confident there will be enough votes to get through his chamber. to take you back to where we started, back to february 1. sat down with the president. i said, let s work together to raise the debt ceiling but curb the amount of spending. cut red tape. get work requirements to help people get back into work. i think this agreement frames all of that from limit, save, grow. it doesn t get everything everybody wanted. i think it s a positive bill. we did a conference call with our conference. over 95% were excited about what they see. they get the text today. look, in every single negotiation, when it comes to the debt ....

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Transcripts For CNNW CNN 20240706



you are live in the cnn newsroom. i m jim acosta in washington. in washington, the clock is ticking and the push is on. president biden and house speaker kevin mccarthy are racing to sell a tentative debt ceiling agreement to their respective parties. minutes ago, the president confirmed that he spoke with mccarthy by phone. they finalized the last of the details and said the deal now moves to the full congress for its approval. if they reject it or can t iron out their differences before june 5th, the u.s. could default on its debt, a scenario many experts say would be disastrous. not just for the u.s. economy, but for the global economy as well. and that threat still looms ominously over the capitol at this hour. up on capitol hill, lawmakers from both parties have their reservations. so passage is not guaranteed and all of this is unfolding as that fiscal deadline gets ever closer. cnn s priscilla alvarez is over at the why for us. eva mcken is live on set. let s b ....

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Transcripts For CNNW CNN 20240706



you re live in cnn newsroom from washington. two major floor ris in texas. impeachment vote is underway for the texas attorney general. ken paxton is accused of bribery and abuse of power. they say the impeachment is illegal and is being pushed for by corrupt politicians as he calls them. up on capitol hill, kevin mccarthy said progress is being made. in the last hour or so, several members of mccarthy s whip team have been summoned to the speaker s suite. republican leaders are trying to finalize a deal to raise the debt ceiling and stave off what could be an economic disaster. let s begin our coverage of the debt talks. priscilla alvarez is up on the hill. manu raju, what are you learning about the negotiations? are they headed in the right direction? it is unclear. we do know they are close to reaching an agreement. they have been close for some time. there are a number of sticking points. they are having a difficult time resolving including spending to provision ....

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a day after the six-week abortion ban went into effect, a judge has ordered the law to be put on hold. anyhow it s up to the all-male justices of the state supreme court. plus we re on standby for another member of the oath keepers to be sentenced for their role in the january 6th capitol insurrection, one defendant telling the judge she was just another idiot running around the hallway. then, 12 people are injured and the big question is, why did he do it? hello, everyone, and welcome to the lead, i m biana. a judge has blocked south carolina s new abortion restrictions from going into effect. yesterday, governor henry mcmaster signed a law banning most abortions as early as six weeks into pregnancy before many women even know they re pregnant. it did allow for some exception b s but it s all on hold. dianne gallagher is following these developments for us. what happens now? zbl. reporter: so, at this point in south carolina, the limit on abortions returns ....

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not default in 11 days when the u.s. government runs out of money and is unable to pay its bills. we have team coverage of all of these new developments. phil mattingly is in japan at the g7 summit. let s begin with melanie in washington, d.c. help us understand where things stand. is the president optimistic? reporter: what i would say is the talks have not blown up completely yet but they are hanging by a thread. after a weekend of rejected offers, installed talks, the negotiators were really looking for a much-needed reset and they may have gotten it in that phone call today between speaker mccarthy and president biden. they talked a little bit about biden s trip but most importantly they agreed to meet one on one tomorrow, while staff will resume negotiations later tonight. here s a little bit more about what mccarthy said. i believe it was a productive phone call. so at the end of the phone call what we agreed to do is we re going to have patrick mchenry get ba ....

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