we begin this hour in washington where president biden and speaker mccarthy are rallying support for their tentative deal to extend the nation s debt. the agreement will likely need votes from both republicans and democrats to pass the house. mccarthy says the vote could come as soon as this wednesday before it heads to the senate. just moments ago, president biden said he is confident this will pass both chambers of congress. the speaker and i made it 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. let s keep moving forward on meeting our obligations and building the strongest economy in the history of the world. in the meantime, majority leader chuck schumer is alerting his conference they should be prepared for a final vote in the senate as soon as friday. mccarthy also talked with senate republicans this afternoon, tel
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 5 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 chilling dollar firm the search came up to the chip maker shocked analyst by forecasting a surge in demand for its products because of advances in artificial intelligence or ai. artificial intelligence or al. the hardware made by nvidia underpins most ai applications today with one report suggesting it has cornered 95% of the market for machine learnin
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 it wa
they vote on it. that vote is tentatively scheduled for wednesday. and breaking, just now, two gop sources tell nbc news that conservatives are balking at the agreement. conservative members of congress in both the house and senate, along with conservative outside groups are plotting ways to gum a 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, former white house press secretary, and host of inside with jen psaki, here on msnbc. she joins us by phone now. jim, what an evening. hi michael. hey, how are you. welcome, thank you so much. i m great. these deals are always saturday night. i know right? this is what we do. the white house has to be, i think at this moment, not pleased, but very comfortable. relieved. yeah, relieved with what they are. can you give us a sense of what you re hearing from your white house sources, and help frame for our audience how they sh
ali velshi we re following our top stor this morning in a new post for truth social former president donald trum is claiming that leaves from the manhattan district attorney s office indicate tha he will be arrested on tuesday he is calling for hi supporters to protest and quote, take our nation back to be clear, right now, this i just a claim being made by the former president the manhattan da s office ha declined to comment, and there has been no other indication w know of at this hour tha charges have been filed. in a statement following up on trump s post, a spokesman also confirmed that they have not received a notification that trump will be arrested o indicted trump s super pac that out a press release slamming manhattan s district attorney, alvin bragg. this comes after a week of major developments in the da s investigation into trump s rol in the hush money payment made to adult film star, stormy daniels. daniels met remotely wit manhattan prosecutors on wednesday. t