we have a debt deal, but will members of both parties support it? the work far from over. the hardest part could still be ahead. what we re hearing from lawmakers as leaders start whipping votes. and children sent racing for shelter for their lives in ukraine, as russia launches a rare daytime attack on the capital kyiv. authorities are promising swift retaliation now, but after months of talk, anticipation of a counteroffensive is coming soon. we are following these major developing stories and many more, all coming in right here to cnn news central. so they have a deal, but do they have the votes? president biden and speaker mccarthy may have ended their staredown over the debt ceiling but progressives and conservatives are saying their respective sides gave too much away in this compromise. if the bill passes, the u.s. avoids a default and washington won t have to deal with the debt ceiling again until january, 2025. probably not a coincidence that that s after the next
with what is in this bill. there appears to be some widespread relief at having at least some sort of agreement to avoid a potentially catastrophic default. that would happen june 5 at the house and senate did not pass his agreement with speaker mccarthy: the built transformational for americans. democrats are accusing republicans of quote dragging their feet until the last second period mccarthy says he hopes have the house but on this bill by wednesday. as usual chad pergram following mercy joint disliked capitol hill. so chad what happens next? good afternoon. president biden says he s confident a bill will get to his desk with the debt ceiling challenge is now entering its most daunting phase. getting the agreement through congress. passing the bill requires a delicate bipartisan formula of democrats and republicans in both chambers. house speaker kevin mccarthy is trying to excite his side. is not one 100% of what everybody wants it. countries going to be stronger th
unknown soldier as the country marks memorial day. a time to remember those who have fallen in service to the nation. take it or leave it, after leaders strike a deal to raise the debt ceiling. there are lawmakers unhappy on both sides. so do they have the votes. and the wheels are off. terrifying moments at the indy 500 as a tire goes flying toward the crowd. we will show you what it hit. this is cnn news central. they have a deal and now they need to get a the votes. the house is set to vote this week. president biden, kevin mccarthy, they reached the agreement over the weekend. the plan would suspend the debt limit for about a year and a half through january 1, 2025. important with that date, it pushes off this debate until after the election. but the road ahead is still quite unclear and could be quite bumpy. party leaders are now waging full-on campaigns to convince their members to back the legislation. if they cannot, the united states could default on its debt o
there s a game seven back in boston! good morning, everyone. i mean, the ultimate buzzer-beater there, when they didn t know for a moment, did they get it in, did they not. is it going to count? oh, it counted. and tonight the boston celtics will try to make the greatest comeback in nba playoff history if they beat the miami heat tonight, the celtics would be the first-ever team to win game seven after losing the first three games of the series. also this morning, we are about to get an update from officials in davenport, iowa, where a search and rescue operation is underway after a six-story apartment building partially collapsed. plus, president biden and speaker kevin mccarthy reaching a deal on the debt limit. now, though, they have to persuade lawmakers to pass it. we ll speak with the white house moments from now. this hour of cnn this morning starts right now. we begin in davenport, iowa, this hour, where as rahel mentioned, any minute now, we are expecting to
to hear her first here outfront. plus, the collapse of the second largest bank in american history that happened in the span of 48 hours and is affecting the entire banking industry and perhaps beyond. i ll speak to the ceo of a company whose money was with that bank, got a call from a panicked investor to get out now. you ll hear what happened. and the president of a little known group of islands calls out china s xi jinping accusing china of bribery, personal threats to his safety, all over xi s potential invasion of taiwan. good evening, i m erin burnett. outfront tonight, executed by russian soldiers. her son s death was seen around the world. she had to watch it herself, and the mother of that ukrainian soldier is now speaking out for the first time. the video of his death difficult to watch, but important to show the depravity of what s happening on the front lines. it sparked global condemnation. the ukrainian was executed after he said glory to ukraine. an