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you're live in the "cnn newsroom." i'm jim acosta in washington. we're at a crucial moment in the high-stakes debt ceiling talks. we're waiting for details on a phone call that just wrapped up in the last hour between president biden and house speaker kevin mccarthy. negotiations are down to one final sticking point, safety net for social programs. leaders may have as little as eight days to prevent the u.s. from defaulting on its debt. many experts predict economic disaster if that happens. manu raju is up on capitol hill. manu, i was hoping since you were there in front of the came...

♪ ♪ ♪ ♪ the l'or barista coffee and espresso system. a masterpiece in taste >> it's opium in washington. there is still no deal to raise the debt ceiling, and at this hour, house republicans are holding a wig meeting to discuss what the process will be over the next few days, if in fact a deal is reached. president biden told reporters today that he is optimistic that a deal can be finalized tonight. >> with regard to the debt limit, i think they're looking good, very optimistic. i hope we will have some cool or evidence tonight before the clock ticks 12, that we have a deal....

navigate challenges in the coming years. over the past three years, as chief of staff of the air force, general brown has become known for his signature approach, accelerate, change, or lose. accelerate, change or lose. general, you're right on. as i've often said, our world is at an inflection point, where the decisions we make today are going to determine the course of our world for decades to come, and to keep america and people safe, prosperous and secure, we have to move fast and adapt quickly, we have to maintain a combat ready force capable of defeating any potential threat, a...

how conservatives and liberals think this country should raise and spend its money is a very, very valid discussion to have. sadly, that's not the one we're having. thanks to both of you, -- and solar and political economy in the american enterprise institute. he's the author of a dream is not dead, but populism could kill it. jennifer reuben is an opinion writer at the washington post, and msnbc political analyst host of the new podcast, jen reuben's green room. all right, straight ahead, we'll continue our breaking news coverage of the debt ceiling negotiations, which are ongoing r...

not default in 11 days when the u.s. government runs out of money and is unable to pay its bills. we have team coverage of all of these new developments. phil mattingly is in japan at the g7 summit. let's begin with melanie in washington, d.c. help us understand where things stand. is the president optimistic? >> reporter: what i would say is the talks have not blown up completely yet but they are hanging by a thread. after a weekend of rejected offers, installed talks, the negotiators were really looking for a much-needed reset and they may have gotten it in that phone call today be...