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christine romans. it's memorial day here in the u.s. glad you're with us. let's get going. we begin this morning with president biden defending the deal he made with house speaker kevin mccarthy to raise the debt limit for two years. >> it takes the threat of catastrophic reform off the table. protects our hard-earned economic recovery. and the agreement also represents a compromise which means no one got everything they want. >> mccarthy agreed to raise the debt limit in explain for cuts to the budget. even though, the president insisted to reporters he wasn't actually negotiating o...

us from all around the world. the debt ceiling deal is done. we will take a look at the challenges president biden and house speaker mccarthy face as they sell it to lawmakers. and a colorful mystery authorities want to know why the waters in venice's grand canal turned green. >> live from cnn center, this is cnn newsroom. >> we begin in washington where there is an urgent push to pass a tentative deal to avert default. they are trying to build support even as they face pushback. while mr. biden says the agreement takes the threat of catastrophic default off the table, the critics ...

If the conflict spreads to other parts of the region especially iran, it could immediately impact well prices because even though iran has been under sections for the last two years it has pumped well quietly and provided them to customers across the globe. The white house has turned a blind eye especially with the last year or two because its been trying to smooth relationships between iran and the western world. Now if the white house enforces the sanction that means the supplier from sanction that means the supplierfrom iran could be cut off and comes at a time when oil supplies have been t...

Say they are finding dentistry to the tune of £203 billion a year. but looking in real terms, that is nothing to what the report was looking to come a few weeks ago, they were looking at a drop of £525 million in funding in real terms since 2014 and that, i guess, is what is really cutting deep. yes. what is really cutting deep. yes, that based _ what is really cutting deep. yes, that based as _ what is really cutting deep. yes, that based as that _ what is really cutting deep. yes, that based as that is _ what is really cutting deep. yes, that based as that is the - what is really cutting d...

And we will try to watch those throughout the programme but we will also look at some of the top business stories because they are developments in banking. first republic has failed in the us but it has been rescued and of course there are concerns about the wider banking industry and another us bank has collapsed and that has caused shock around the world. first republic will be taken over byjp morgan in a deal orchestrated by regulators and it has been under pressure for weeks as customers withdrew cash over worries about its future amid a rapid increase in interest rates. these coming just ...