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we begin tonight with breaking news straight from capitol hill. we are getting word that the white house and house republicans are getting closer to a deal to raise the debt ceiling. one week before the u.s. runs out of money. what do we know right now about where the deal stands between kevin mccarthy, house republicans and the white house? i think we should caveat by saying nothing has been agreed upon yet. nothing has been finalized. they are moving closer to a deal. we have seen progress over the last 12 hours, particularly on the spending issue. that s been something that has been really bedevilling the talks. they started floating the idea of a potential compromise that both sides could try to claim as essentially a win. one of the things they are discussing is raising the debt ceiling for two years, which would be longer than what house republicans had proposed in their debt ceiling plan in the house. then instituting spending caps for two years. caps on federa ....
good evening everyone. i m john king. welcome to cnn tonight. debt ceiling drama. we are closer to a deal but not there yet. the fact that janet yellen essentially gave them four more days means, well, we have a ways to go. even if they make a deal tomorrow morning can they get it done in time? plus can a trump-like candidate beat donald trump? that is the question as ron desantis gets his campaign in high gear. the florida governor not shy at all about taking on the former president, ripping him on the border of all things, calling him a big spender, and blasting his covid policies. i don t know what happened to donald trump. this is a different guy today than when he was running in 2015 and 2016. i think the direction that he is going with his campaign is the wrong direction. no other republican in the trump era has been able to walk that tight rope. the question is can ron desantis? and here is a sobering thought this memorial day weekend. whenever you go in th ....
abby, i think we should caveat by saying nothing that we have nothing has been finalized. they are moving closer to a deal. we have seen some progress over the last few 12 hours, particularly on the spending issue. that is as something that has been really bedeviling the talks. but they started at least floating the idea of a potential compromise that both sides could try to claim as a win. one of the things they are discussing is raising the debt ceiling for two years, which would be longer than what wrote republicans have been proposing in their debt ceiling plan, and then instituting spending caps for two years. so caps on federal spending levels. they have not agreed on those numbers for the spending caps, but one of the emerging compromises here is the idea that they would spare pentagon funding. so, it would spare specific domestic programs so that democrats can say, we actually didn t cut certain things. other programs would see some cuts, which republicans c ....
we re going to bring you those comments as soon as it begins. today at the white house, another high stakes showdown over the debt ceiling to avoid a default with major economic consequences, the latest of where negotiations stand. russia is declaring victory in the longest and bloodiest fight in ukraine. is this a turning point of the invasion? in idaho, next hour the suspect in the killing of four college students will make a court appearance. we ll bring you a preview of what to expect. and making history. a flight carrying paying customers to the international space station is due to dock anytime now with the first woman ever commanding a private space flight. hello from outer space, it feels amazing to be viewing earth from this capsule. and we begin this morning with what could be a critical day for efforts to raise the nation s debt limit and avoid a potential economic catastrophe. president biden and house speaker kevin mccarthy will hold a one on on ....
us treasury secretary janet has again sent a letter to congress warning the treasury would be unable to satisfy its obligations as early as 1june. presidentjoe biden will meet top lawmakers including republican house of representatives speaker kevin mccarthy at 3p able a good time on tuesday. of course that meeting was postponed from last friday. samira hussain has more from new york. in less than two weeks the united states could fail to meet its debt obligations. if lawmakers in washington cannot come to some sort of agreement. the republicans have continued to demand cuts to social security before they will agree to raise the borrowing limit. us presidentjoe biden has repeatedly said he would not set conditions that must raise the debt limit his failure to do so would result in an economic catastrophe. some of the possible outcomes of the job losses, those that depend on social security benefits won t get paid, and of course the most dire of outcomes would be the los ....