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CNN CNN News Central June 4, 2024 17:05:00

Bipartisan vote if all those numbers come together to avoid that fiscal cliff. manu raju on capitol hill, thanks so much. u.s./china tensions hitting new heights after a close encounter in the south china sea. this is a chinese fighter jet that is highlighted there. keep an eye on the jet. the chinese pilot carried out this aggressive maneuver cutting directly in front of the american plane. you can see it shuddered a bit from the turbulence. they say they deliberately intruded over a training area. oa oren liebermann is joining us. these are widely considered to be international waters. china disputes that. that s right. china claims much of the south china sea as its own territorial sea and therefore the airspace above that as chinese airspace, not international airspace. that is part of the dispute ....

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CNN CNN News Central June 4, 2024 17:02:00

Debt ceiling deal, with the nation barreling toward june 5th, the day the treasury department says it will no longer bow able to pay its bills. leaders from both parties are expressing confidence the deal will get passed today. there are two significant . 218. that s how many votes the bill needs to pass the house if every lawmaker is present. the other number to watch is 111. that is half the republican membership. the bill does not get a majority of republican votes, kevin mccarthy could be in trouble. hard-line conservatives have suggested they would move to oust the speaker if the bill does not reach that threshold. manu, i know both parties have been counting heads. do they believe they have the votes? reporter: they do. they believe that it actually could pass by a comfortable margin tonight. i just spoke with a very upbeat house speaker, kevin mccarthy, who indicated that he is ....

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CNN The Situation Room With Wolf Blitzer June 4, 2024 22:20:00

Believe a majority of republicans will vote for this and that democrats will also vote as well to push this forward. but that question will be key, because if it s under a majority, as some conservatives suggest, it could take a move against him, trying to challenge him for the speakership if that were to happen. but we expect it to pass tonight, then it s over to the senate when the republican and democratic leaders want this to pass as soon as tomorrow if there s an agreement to get this to the president s desk. fundamental divisions on both sides. manu raju on capitol hill, thanks very much. now to cnn s phil mattingly at the white house. phil, speaker mccarthy, he s been questioned about whether he can keep his caucus together, keep republicans together. but there are also quite a few progressive democrats also upset at this plan, including senator bernie sanders, who said he s also going to be voting no. what s going on at the white house to make sure there isn t any long-term i ....

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CNN The Lead With Jake Tapper June 4, 2024 20:19:00

World. manu raju on capitol hill, thank you. so, what are some of the real-world implications if the u.s. does default? we asked cnn s gabe cohen to take a closer look at how small businesses across the country could be affected, not just the owners but also their employees and their customers. reporter: from a construction site in baltimore i get really frustrated by that. reporter: brandon mccloskey is imploring washington lawmakers to hammer out a deal and raise the debt ceiling before the u.s. government runs out of cash to pay its bills. show up, do your job, and stop putting everybody at risk. reporter: he says 60% of his construction firm s rune comes from government contracts, and they just started another project. what could a default mean for your business? we re doing millions of dollars worth of work over the next 30 to 60 days. when am i going to get paid for that? i also have a great backlog for the second half of the year as long as we don t have an econo ....

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CNN The Situation Room With Wolf Blitzer June 4, 2024 22:06:00

Tough things that remain. a deal is still not within reach at this point? the deal is within reach. it just has to be agreed to, and we re waiting for the white house to understand the current set of terms we re dealing with. so, that last comment coming from patrick mchenry, one of the other negotiators in the room. that happened just moments ago, saying that the deal can be within reach but saying that the white house needs to come to the terms that the republicans have laid out here. so, he is uncertain about when exactly these talks could wrap up, if a deal could be reached today. i asked, do you think a deal could be reached today. he shrugged his shoulder. the expectation is that talks could run into the weekend, and can they get there? that is the big question in congress. manu raju on capitol hill. thank you very much. i want to get reaction now from cnn s richard quest. richard, if these talks fail, this could seriously have major catastrophic consequences. ....

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