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welcome to news room. erdogan secures the historic third term as turkey s president. we ll take a look at what it means for the country s relations for washington and we will show you the dramatic video of the moment a driver and passenger fired at each other while on board the moving bus. live from cnn center, this is cnn newsroom. we begin in washington where there is an urgent push for a tentative deal to avoid a default. president biden and kevin mccarthy have cut the deal though they are facing pushback. the bill has to clear the senate. mr. biden says he is confident it will make it to his desk. the speaker and i made clear from the start that the only way forward was a bipartisan agreement. that agreement now goes to the united states house. and to the senate. i strongly urge both chambers to pass that agreement. mccarthy has released the text of the 99 page bill which includes raiseing the debt ceiling two years. increasing spending on defense and vete ....
president joe biden, house speaker kevin mccarthy, and their negotiators have reached a tentative agreement to raise the debt ceiling. we are learning that house democrats have been invited to a virtual all-member briefing from the white house, set for tomorrow at five p.m. eastern, according to a notice that just went out and has been obtained by nbc news. kevin mccarthy said the text of the agreement will be available to members tomorrow, promising that house republicans that they will have 72 hours to look it over before they vote on. it that vote is tentatively scheduled for wednesday. and breaking just now, two gop sources tell nbc news that conservatives are bulking at the agreement. conservative members of congress and both the house and senate, along with conservative outside groups are plotting ways to gum up passage of the bill, or add amendments to make it more appealing to hard-liners. a source familiar with the talks said, i want to bring in jen psaki, form ....
earlier today, president biden told reporters, he is confident a deal will reach his desk. and no more sticking points to iron out. msnbc news has also learned part of the deals raising the debt limit for two years, avoiding another debt showdown before the 2024 election. the deal also clause back some unspent pandemic funding, we ll talk about what that means. and shaves off some irs funding. it also expands work requirements for certain adults on food stamps. speaker mccarthy also spoke to senate republicans this afternoon about his deal at the white house, two sources tell msnbc, republican retold the bill 150 pages. and will include 15 pages of spending cuts. this morning, he told reporters, he expects a vote on the bill as soon as this wednesday. we did a conference call with a conference over 95% were overwhelmingly excited but what they see. they re getting the text today, the process, look, in every single negotiation, when it comes to debt ceiling and other ....
of the votes in the run off election over the weekend. it s the first run off ever seen in a turkish presidential election. there were joyous scenes on the streets of istanbul and ankara as mr erdogan celebrated with his supporters after winning around 52% of the vote. thousands gathered on the streets, waving flags and singing songs. erdogan gave a victory speech in front of the crowds gathering at the presidential palace in the capital. he spoke about stability and prosperity, building stronger economy and leaving disputes behind. our senior international correspondent, orla guerin, reports from the turkish capital ankara. the recep tayyip erdogan juggernaut rolls on. and tonight in the turkish capital, the streets belong to his supporters, who have stuck with him through thick and thin and hyperinflation. translation: we are blessed that our president is leading us again. there is no better feeling than this. let the world hear it. he is the leader who has taught t ....
on the prize, that passing this bill, getting it to the president avoids the catastrophic thing that would hurt millions of americans. and there s a reason world leaders were worried about this. this would have impacted the global economy. something that did rally wall street though today was the chip maker nvidia. for about five minutes it was part of the elite club of us companies worth a trillion dollars. the company s share price shot past $412 on tuesday, having risen by more than 30% since last week. other companies part of the trillion dollar club are apple, amazon and alphabet. the bbc s north america business correspondent samira hussain reports from new york. for a brief few moments nvidia was able to call itself a trillion dollarfirm. the chip maker shocked analysts by forecasting a surge in demand for its products because of advances in artificial intelligence or ai. the hardware made by nvidia underpins most ai applications today with one report suggesting ....