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they have a deal. now they need the votes. the republican-led house is expected vote this week on the new debt deal as the treasury secretary warns that the united states is going to default on the debt one week from today. >> huge explosions in kyiv as russia launches a rare daytime attack on the capitol. we have the assessments of the damage. and now, it is memorial day in honor of the soldiers who have died in service to the nation. and this is the tomb of the unknown soldier. the president and first lady will participate in a wreath laying ceremony. we will bring that to you ar...

good morning, everyone. it is friday! >> friday! >> i'm so happy to have my long time erica hill with me today. and next week. thank you for getting up super early. >> great to be with you. >> a lot going on this friday. let's get started with five things to know for friday, may 26th. the house negotiators are moving closer to avoid a default. it would lift the debt ceiling and cap spending for two years. >> memorial day weekend kicking off to be a very busy travel summer. aaa expects air travel to be higher than pre-covid levels. airlines face staffing shortages and air traffic co...

>> good evening and welcome to politicsnation. tonight's lead, breathing room. ♪ ♪ ♪ >> right now, it looks like there is some deadline and our debt ceiling debate. janet yellen giving congress and the white house and extension, but only of a few more days, to hash out a day will and avoid an economic catastrophe. and the biden white house aides and republican house speaker kevin mccarthy are reportedly closer to doing that, as the clock runs out. with gop hard-liners in the house already throwing cold water on the deal, the american public hasn't even had a chance to see. we a...

you. we have got a lot more coming, up everybody. you are watching msnbc, or second hour starts right now. starts right now hey everybody, i'm yasmin vossoughian. if you're just joining, us welcome. if you are sticking with, us we are so thankful for that. collision course, the president in the air right now, flying back to washington and right into a debt ceiling showdown with speaker mccarthy. the two men sit to meet tomorrow sometime, to try to resolve the gulf of differences between them as they face a deadline. it could lead to the unimaginable default by the united states of am...

washington where things stand with our chad pergram. hi, chad. >> neil, good afternoon. the house freedom caucus just took a formal position in the debt ceiling debate. it endorses the bill passed by the house in april. the caucus says "there should be no further discussion until the senate passes the legislation." >> the house bill, we passed it. that is the mechanism right now sitting there that there's 11 democrats in the senate and the democratic president of the united states that stand between that bill and it becoming law. >> it was thought that house speaker kevin mccarthy wo...