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CNN CNN Newsroom With Jim Acosta June 4, 2024 23:32:00

it is not very common. republicans balking at work requirements. there are work requirements already in place. they want to make it more challenging for the most vulnerable to get subsidies from the federal government and there will be limits that the president will be able to negotiate on that. he won t give away the store. but it is in the democrats best interest that if the leadership negotiates a deal, one of the most successful policy developments since lbj, the party will come out of this much stronger as a united party. and i m hearing from my colleague priscncescilla alvare hearing that they have wrapped up the phone call. so we re now waiting to hear what the president tells reporters. and manu is on a hill on a saturday so that means there is something serious going on. ....

Work Requirements , Joe Biden , The Party , Policy Developments , Priscncescilla Alvare Hearing , United Party , Phone Call ,

CNN CNN Newsroom With Jim Acosta June 4, 2024 22:01:00

Voted to impeach attorney general ken paxton. he s accused of bribery and abuse of public trust. they said the impeachment was illegal and being called what he called corrupt politicians. we ll have more in just a moment. in the meantime, in washington, it is deal or no deal. two sources tell cnn president biden and house speaker kevin mccarthy are expected to speak this hour. it comes at a critical moment in the debt ceiling talks and a source says it is now down to one final sticking point. work requirements for social safety net programs. they may have as little as eight days to prevent the u.s. from defaulting on its debts. many experts predict economic disaster if that happens. let s begin at the white house and capitol. manu, they would not be getting on the phone just to go over what they re going to have at their memorial day barbecue. this means that maybe we re getting close. ....

Ken Paxton , Public Trust , Kevin Mccarthy , Debt Ceiling Talks , Deal Or No , Work Requirements , Sticking Point , Safety Net Programs , U S , White House , Memorial Day Barbecue ,

CNN CNN Newsroom With Jim Acosta June 4, 2024 23:02:00

Speaker kevin mccarthy. the debt ceiling talks have reached a crucial moment of sorts. negotiations are now down to one final sticking point. work requirements for social safety net programs. the white house and republican leaders may have as many as eight days for preventing the u.s. from defaulting on its debts. many predict economic disaster if that happens. we have a reporter at the white house and on capitol hill. manu, what do you think? do you think we ll get some kind of readout from the speaker on what was said in this conversation? what are you hearing at this point? it s very possible we could hear from the speaker tonight. he s been speaking with the reporters through most of the process. late last night he did slip out of the capitol without talking to reporters. we ll see if anything happens here. this is a significant moment. the negotiations have hit this critical time. negotiations have been going ....

Kevin Mccarthy , White House , Work Requirements , Sticking Point , Debt Ceiling Talks , Safety Net Programs , U S , Capitol Hill , On What ,

CNN CNN Newsroom With Jim Acosta June 4, 2024 23:05:00

If manu was on the clock, there is something going on. manu, i ll let you do some reporting. thank you. and priscilla at the white house, what is the latest you re hearing from the white house on your end of things? it sound like president biden has been on the phone today. reporter: over the course of the afternoon there was a conversation from the white house about the direction of the talks. and echoing the sentiment of president biden just yesterday, they were very close to a deal. and all of this coming to a head with this call. the source telling me that was about 6:00. so it is an hour. the issue was work requirements for social safety net programs. so that was something that needed to still be worked through and i imagine that would come up during the call. sources also told me that earlier today president biden spoke to democratic leadership including house minority leader ....

Joe Biden , White House , It Sound , Safety Net Programs , House Minority Leader ,

CNN CNN Newsroom With Jim Acosta June 4, 2024 22:05:00

Of the issues that is coming up on the call with president biden and house speaker mccarthy. as you heard there from manu, it is not just reaching a deal. it is all the steps that follow that. that includes releasing the text, a vote on the house floor and later, a vote on the senate floor. all of this before june 5th. so a long road ahead for a short amount of time. so both sides working hard over the last 24 hours, and especially now, to reach an agreement so they can proceed with what is to follow and avoid a default. which as you know, would have catastrophic consequences for the economy. that s right. and that s why we are following all the twists and turns. it could be a long evening. sorry, i know it is a long weekend. thank you so much. more on the high drama in the texas state house which has just voted to send articles of impeachment against attorney general ken paxton over to the senate for a trial. he has been impeached. ....

House Speaker Mccarthy , Texas Senate , June 5th , Push A Political Agenda Forward , Ken Paxton , Texas State House ,