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newsroom . with regard to the debt limit things are looking good and very optimistic. that might be how president biden feels about debt ceiling negotiations, but it s not clear everyone agrees, we ll look at the obstacles still ahead. and we have to be on top of the plane we re going to get on top of the plane. yeah, buckle up for what s expected to be a very busy holiday travel weekend, it s the unofficial start of summer, people, and the u.s., and millions here, are on the move. plus, cnn sports andy scholes joins me live to look at how new rules in major league baseball are putting action back in the game. . announcer: live from cnn center this is cnn newsroom with paula newton. we begin with a renewed sense of optimism on capitol hill this hour that a financial disaster could be averted. white house and republican negotiators have been hammering out the details of a plan to raise the nation s debt limit and we re told an agreement could be reach ....
still no deal to extend the united states debt ceiling. but negotiators hope to have an agreement later today. what a possible default could mean. the search for survivors at a medical facility in dnipro. officials say at least two people are dead and 32 are injured after a russian attack. and turkey heads to the polls again. presidential runoff election gets under way later today. announcer: live from cnn center, this is cnn newsroom with laila harrak. a deal to raise the u.s. debt ceiling and avert a financial catastrophe appears closer than ever. a source familiar with negotiations said an agreement could be reached as soon as today. we re told it s likely to raise the debt ceiling for two years, but it s not clear how they will resolve the issue of work requirements for social safety net programs. that s been a key sticking point for republicans. listen. if you re really going to fall on the sword for that versus actually negotiating something that chang ....
appreciate your company. coming up on i do cnn newsroom, close put no white smoke. that s how one republican describes negotiations on the u.s. debt ceiling. ukraine assessing the damage after one of russia s deadliest attacks in recent days targets a hospital. people flocking to a u.s. monastery where a nun s body appears to show no signs of decay nearly four years after she died . a flurry of activity on capitol hill as the white house and republicans race to finalize a deal to raise the u.s. borrowing limit, called the debt ceiling, and avert financial catastrophe. a person familiar with the negotiations tells cnn they re hoping to announce an agreement perhaps as soon as saturday. jeremy diamond is at the white house with more on where things stand. reporter: as the white house and republican lawmakers continue negotiating on friday over a potential deal to raise the debt ceiling and cap spending, president biden on friday sounding downright optimistic ab ....
Satisfy the government s obligations if congress has not raised or suspended the debt limit by june 5th. a senior white house official telling me on friday that this new timeline doesn t fundamentally change the negotiations, but it certainly does inject a new sense, added sense, perhaps, of urgency to those talks. this official also said that they are now in the final stages of negotiation and that they believe they are on track to reach a deal to avoid default by june 5th. we know that one of the major sticking points in that final stage of negotiations has been this issue of work requirements for those social safety net programs. i asked president biden on friday as he was leaving for camp david what he says to democrats who tell him that they don t want him to bow to mccarthy on work requirements. the president told me, i bow to no one. jeremy diamond, cnn, the white house. ron brownstein is a senior ....
Requirements for those social safety net programs. i asked president biden on friday as he was leaving for camp david what he says to democrats who tell him they don t want him to bow to mccarthy on work requirements. the president told me, i bow to no one. jeremy diamond, cnn, the white house. joining me now is katherine russ. she is a professor and chair of the economics department at the university of california-davis. she s also a research associate at the national bureau of economic research. professor, it s very good to have you with us. everyone is watching the u.s. debt ceiling crisis very carefully and very closely. the deadline has now been moved. so the u.s. has bought itself some time, and there is some optimism coming out of washington, but still what are some of the global implications that you are most concerned about? i think there are two ....