Announcer this is cnn breaking news. Youre live in the cnn newsroom. Im jim acosta in washington, a very late Saturday Night on Memorial Day Weekend but were here for good reason. Were here in a crucial moment on debt ceiling talks. Multiple sources tell cnn that the white house and House Republican leaders have reach an agreement in principle, we should note in principle on raising the nations debt ceiling. Just ten minutes from now House Speaker Kevin Mccarthy will address reporters were told, and then at the bottom of the hour Republican Leaders will brief their fellow colleagues in the gop conference on the outlines of this deal. The briefing comes after a phone call earlier this evening between mccarthy and President Biden, and cnns Priscilla Alvarez is at the white house for us. Priscilla and manu raju still with us up on capitol hill. Late night, guys. Priscilla, what can you tell us . Reporter jim, im hearing from a source close to negotiations yes House Speaker mccarthy have a
i m laila harrak. republicans already raising concerns over the agreement in principle on the debt ceiling as both president biden and house speaker mccarthy race to seal the deal with their allies in congress. the gop turns on one of its own in texas in an unprecedented move to impeach the state s attorney general. details and how that official is reacting. and we re live for you in istanbul as voting there gets under way for turkey s presidential runoff election. we begin in washington where congress is drafting new legislation on the u.s. debt limit hours after officials reached a deal to try to avoid a disastrous default. the white house and republicans say they agreed in principle to raise the u.s. debt ceiling and cap government spending. house speaker kevin mccarthy says law maeshls are now expected to vote on that agreement this wednesday. before it can move forward, he must convince hardliners that it s worth it. here s how he characterized the deal. after week
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 provisions to e
people will read the bill and i think they will be excited. america wins in this one. kevin mccarthy and president joe biden strike a deal to avert a massive debt default in the united states. we will look at what comes next that they iron out the details. plus, sirens blair in the capital of ukraine as 50 russian drones are downed. we will take you live for the latest. and a big change may soon come to the weight loss markets. drugs lycos epic will be more accessible. we are looking at whether the drugs live up to the hype. live from cnn center, this is cnn newsroom. in the day head officials are expected to unveil new legislation on the national debt limit hours after agreeing to extend it. the white house and republicans announce a tentative deal late saturday in a frantic effort to avoid a disaster astros default. some say it is far too costly. kevin mccarthy is trying to convince hardliners that they should support it. here s how he characterized it. after week
announcer: this is cnn breaking news. you re live in the cnn newsroom. i m jim acosta in washington, a very late saturday night on memorial day weekend but we re here for good reason. we re here in a crucial moment on debt ceiling talks. multiple sources tell cnn that the white house and house republican leaders have reach an agreement in principle, we should note in principle on raising the nation s debt ceiling. just ten minutes from now house speaker kevin mccarthy will address reporters we re told, and then at the bottom of the hour republican leaders will brief their fellow colleagues in the gop conference on the outlines of this deal. the briefing comes after a phone call earlier this evening between mccarthy and president biden, and cnn s priscilla alvarez is at the white house for us. priscilla and manu raju still with us up on capitol hill. late night, guys. priscilla, what can you tell us? reporter: jim, i m hearing from a source close to negotiations yes ho