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Transcripts For CNNW CNN 20240706



the race is on to avoid a default disaster. minutes from now the first key vote on the debt ceiling bill is set to take place on the house floor. already it s facing pushback from both sides of the aisle. we ll be speaking to one of those lawmakers ahead. officials in iowa trying to decide whether they can keep searching for five people who remain unaccounted for at the site of a partially collapsed apartment building there. rescuers are entering a no-win situation as we learn that what remains in the building is unstable and could come crashing down at any moment. plus the gloves are off. during his first official campaign event, ron desantis taking on donald trump. ahead, see why he thinks the former president s attacks are going to backfire. we are following these developing stories, all coming in right here to cnn news central. right now the house is in session ahead of a key vote to avoid default on the nation s debts. president biden and house speaker kevin ....

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Transcripts for CNN CNN News Central 20240604 19:04:00

Trillion borrowing in exchange for spending cuts. we want truth in advertising. this is the largest cut in american history. this goes to the debt ceiling to january 1st. it also brings you work requirements on welfare, something we ve never been able to get through in our modern time. but it expands those work requirements. i ll bet you dinner that it actually saves more money because it adds the age group but cuts the states that have the loopholes that do the 12% down to 8%. you ve been long enough cbo always gets that wrong. reporter: are you worried this will make are speakership less secure? not at all. reporter: the speaker calls this the largest cut in history. the deal with cap domestic spending for nondefense programs for the first two years. the next four years under this proposal is just a target, it s not actually bindibinding, whic ....

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