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an update on one of the biggest names in college basketball after a run-in with the law. and later, mixed messages on the state of the u.s. economy. empty malls but americans still spending. inflation high, but dropping with less credit available. >> cost of living has really increased a lot, so it's getting a little harder to do things that, you know, i would typically do. >> announcer: this is the "cbs weekend news" from new york with jericka duncan. good evening and thanks for joining us on this father's day. tonight we begin with a new diplomatic push aimed at cooling tension...

before the u.s. defaults. not everyone is confident a deal can be reached, with at least one top republican negotiator warning a deal could come together as soon as today or fall apart entirely. what is the mood on capitol hill right now? >> reporter: good afternoon. the mood is more optimistic than we've heard in days. negotiators here this morning are saying they think they're closing in on a deal and really it's all about having an agreement on the agreement and hashing out the remaining sticking points, which we're told are on work requirements and spending caps. we heard speaker...

round-the-clock negotiations are on in washington as america faces the very real chance of a potentially catastrophic debt default. house speaker kevin mccarthy saying today he sees progress, but there are still major sticking points that need to be ironed out on everything from spending caps to work requirements. one top republican negotiator warning a deal could be reached as soon as today or they could collapse completely. meanwhile, the national deficit is growing every second, and with no deal in place the u.s. could run out of money to pay its bills, which could have a disastro...

hello, everyone. thanks for joining me this saturday. i'm fredricka whitfield. >> we begin this hour in washington where right now negotiators are back at the table as they race to end the debt ceiling standoff. republican leaders and white house officials are returning a short time ago, after a marathon session lasted well into the night, the clock is ticking, to get a deal in place, before the u.s. defaults on its loans. the national deficit continues to soar. with no rise to the borrowing limit, the u.s. will default on its loans which could be catastrophic to the economy. the tre...

shawn. army sergeant daniel perry says he fired that day in self-defense. he claims that the protesters surrounded his car while he was driving through downtown austin and basically ran into a black lives matter protest. his lawyers argue that he had the legal right to open fire after one of those demonstrators raised an ak-47 and pointed it right toward him, so he feared for his life. christina coleman has the very latest. christina? >> reporter: hi, eric. texas governor greg abbott says he has requested the state's board of pardons and parole to expedite its review of this this cas...