hello, i m lukwesa burak. president biden has said a deal with republicans to raise the us government debt ceiling is very close and he s optimistic it will be achieved. the two sides have a little more breathing room after the treasury secretary, janet yellen, extended the deadline slightly, saying the government would not run out of money untiljune 5. they re working on an agreement that would ensure no repeat of the stand off before next year s presidential election. as the clock ticked down to the midnight deadline which hasjust passed mr biden hinted a deal might be not be too far away. with regards to the debt limit, things are looking good. i m very optimistic. i hope we ll have some clearer evidence tonight, before the clock strikes 12:00, that we have a deal. but it s very close and i m optimistic. and our north america correspondent nomia iqbal sent us this update. lawmakers have now been given a little more time to find that much needed solution. many of them h
we begin tonight with breaking news straight from capitol hill. we are getting word that the white house and house republicans are getting closer to a deal to raise the debt ceiling. one week before the u.s. runs out of money. what do we know right now about where the deal stands between kevin mccarthy, house republicans and the white house? i think we should caveat by saying nothing has been agreed upon yet. nothing has been finalized. they are moving closer to a deal. we have seen progress over the last 12 hours, particularly on the spending issue. that s been something that has been really bedevilling the talks. they started floating the idea of a potential compromise that both sides could try to claim as essentially a win. one of the things they are discussing is raising the debt ceiling for two years, which would be longer than what house republicans had proposed in their debt ceiling plan in the house. then instituting spending caps for two years. caps on federal spen
we begin right here in washington d.c. where democrats and republicans are scrambling to close a deal on raising the federal debt limit. there is still no deal in place but as many lawmakers leave for a holiday weekend. president biden has hinted a deal might be not be too far away. with regards to the debt limit, things are looking good, i m very optimistic. i hope we will have some clearer evidence tonight, before the clock strikes 12, that we have a deal. but it is very close and i am optimistic. so according to the president, we might get the news of a deal in under three hours time. a top republican negotiator, patrick mchenry, says he s hopeful a deal will come together before midnight but significant challenges remain. earlier, the us treasury secretary janet yellen sending this letter to congressional leaders. she now says the us has until june 5th to avoid a default. she had previously said june 1st. if republicans and the white house fail to reach a comprimise, t
danger to the country given what the country saw on january 6th and the ongoing threat to democracy. thank you. that does it for us. this edition of andrea mitchell reports . and now chris jansing reports. hello. i m chris jansing in new york city. tallahassee, we have a problem. ron desantis glitchy campaign launch sparked gleeful attacks on his opponents. will it also fuel new questions about donors? about whether the governor is ready for a political fight? and how does his team put their rough start in the rear view mirror? plus, the house gop ditching d.c. without avoiding an economic catastrophe. touting progress but making no promise about where things go from here. and breaking news, an 18-year sentence for oath keeper responder stewart rhodes. we start with ron desantis. his newly minted presidential campaign forced into damage control on day one after his decision to announce live on twitter got maybe the worst reviews for a presidential kickoff in rec