Off Ramp Out News Today : Breaking News, Live Updates & Top Stories | Vimarsana

you're live in the "cnn newsroom." i'm jim acosta in atlanta. we begin this hour with high stakes negotiations starting back up on the nation's looming debt crisis. just minutes ago talks resumed on the staff level in washington. but they will set the stage for a top level meeting tomorrow. president biden is expected to sit down with republican house speaker kevin mccarthy. the two men spoke by phone today as the president was flying back home from the g7 summit in japan. this new glimmer of optimism is a quick compromise appears increasingly bleak. the u.s. could run out of money t...

Table. now some of the areas for compromise are around clawing back covid relief funds and permitting reforms. but bottom line, these two leaders, president biden and house speaker will once again come face-to-face tomorrow with this high stakes week as secretary yellen once again said today that she believes june 1st is the earliest the u.s. could default on its debt and which could send the economy into a tail spin. >> arlette saenz, thank you so much. as president biden floats the idea of using the 14th amendment without congressional approval, he has the backing of several democratic sen...

But he's also being likely dismissive of this as if it's a distraction when it's the voice of the president of the united states. people take it seriously and hear what he has to say. i think it's a lot of wishful thinking. >> this is a case where i wouldn't argue for north korea refrained from provoxative actions. he had policy stuff in there and diplomacy. he was offering an off-ramp out of the crisis. i don't think that the fact remains the product of the people around the present. he almost got through the trip with the former and not the

Out the contours of a potential framework of potential off-ramp is the term we've been hearing to get russia out of crimea. that is also something that came up during oat phone conversation between the president and putin. the president talked about this potential off-ramp, bringing in international observers to take the place of russian soldiers and look out for the interests of ethnic russians. at this point, putin is not buying that as an off-ramp out of the crisis. >> thank you, jim acosta. crimea, ben wedeman is following developments. amazing to see that footage of the standoff between t...