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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...

>> 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 fell...

newton. while negotiators race to reach a debt limit deal. the impact on sbmall business owners,sh they're message is simple, get a deal done. and filling your tank compared to this time last year and what's behind the change. republican governor ron desantis on the offensive, and there are clear signs that the gloves will be coming off now that he's officially running for the white house. >> announcer: live in cnn center, this is "cnn newsroom" with paula newton. so the white house and republicans could be on the brink of reaching a deal that would allow the united states to k...

saying he feels closer to a deal today than he has before, but not everyone in his party is as optimistic. one top republican negotiator warning the deal is still teetering on the brink and could fall apart entirely. meanwhile, the national deficit continues to soar to new heights and treasury secretary janet yellen says there are only eight days remaining to pay america's bills. is everyone on board? >> reporter: we'll see about that. he came in to the capitol this morning and told reporters he's feeling optimistic and thinks progress has been made and really they're focused on a ...

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...