Senate passes debt ceiling bill, sending measure to Biden
The legislation now goes to President Biden's desk, pulling the nation back from the brink of a financial crisis.
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The legislation now goes to President Biden's desk, pulling the nation back from the brink of a financial crisis.
President Joe Biden says he is optimistic the U.S. will not default on the nation's debt. But whether or not that happens now rests with Congress, which will a vote on the compromise legislation to raise the debt ceiling in exchange for spending cuts. CBS News' Skyler Henry reports.
A majority of Democrats and a majority of Republicans voted in favor of the Fiscal Responsibility Act.
The House passed the bill to raise the debt ceiling Wednesday. Now, the Senate will take it up.
After days of intense negotiations and weeks of talks, an agreement in principle has been reached to raise the debt ceiling.
Lawmakers in Washington have just one week to raise the debt ceiling or risk defaulting on the U.S. debt for the first time in history.
Lawmakers in Washington have just one week to raise the debt ceiling or risk defaulting on the U.S. debt for the first time in history. House Speaker Kevin McCarthy (R-California) and President Joe Biden are both optimistic that a deal can be reached in time. Sen. Dick Durbin (D-Illinois) is putting pressure on McCarthy.
Even a short default could wipe out more than a million jobs, especially in parts of the U.S. that depend on federal spending.
Without a deal, Treasury Secretary Janet Yellen has said the U.S. could be unable to pay its bills and might default on its debt as soon as June 1.
Members of Congress and President Joe Biden had their second meeting on the national debt limit Tuesday. CBS News' Nicole D'Antonio reports.
"No one should assume that the Fed can… really protect the economy and the financial system, and our reputation globally, from the damage such an event might inflict," Federal Reserve Chairman Jerome Powell said.
CBS News' Nicole D'Antonio reports on the debt ceiling standoff and the damage it is causing.
The oysters were sold as Fanny Bay, Buckley Bay, and Royal Miyagi.
Edwards shot 8 for 15, including 6 for 13 from beyond the arc for the Ramblers (9-1).
Customers said contractors from the company, Orange Elephant Roofing & Solar, seemed simply to disappear into thin air. But that is only the tip of the iceberg.
Patriot Services Group saw how some were impacted by the fire that left a man dead, and decided to help by offering some apartments.
The activists are worried about how plants and animals along the river could respond to what they worry could be toxic materials.
Many, including alderpersons and the members of the incoming elected school board, are denouncing the planned agenda.
The Supreme Court on Wednesday said it will take up a challenge to a new law that could lead to a ban on TikTok in the U.S.
The House Ethics Committee voted to release its report on the investigation into former Rep. Matt Gaetz on Dec. 5, according to multiple sources.
Survivors, advocates and experts have weighed in on Mayor Brandon Johnson's pledge to create a task force to study the safety of Black women in Chicago.
Thornton Township Trustees Christopher Gonzalez and Carmen Carlisle have been going to great lengths to stall movement on Henyard's plans for the township.
The oysters were sold as Fanny Bay, Buckley Bay, and Royal Miyagi.
Customers said contractors from the company, Orange Elephant Roofing & Solar, seemed simply to disappear into thin air. But that is only the tip of the iceberg.
Anyone who has an affected Connie's Pizza in the freezer should either throw it out or bring it back to the store for a refund.
The Chicago-based company is accused of tricking diners about delivery fees, misleading drivers about pay, and listing restaurants on its platform without permission.
Back in 2017, the city promised to replace the smelly windows after the CBS News Chicago Investigators exposed the issue. But just a tiny fraction of the windows in question have been replaced.
The Wisconsin Department of Health Services announced Wednesday that it had detected presumptive positive human case of H5N1 in Barron County.
The sisters share a special bond of getting a second chance at life, which they both received at the age of 38 years old.
An even larger investment of $500 million is going toward 10 new outpatient facilities throughout the South Side that will add 85,000 health care appointments each year.
Scientists used the NanoGripper to grab particles from the SARS-CoV2 virus that causes COVID-19.
The program should launch early next year.
Owner Eddie Lakin made the announcement Wednesday. He said the last day for the restaurant at 1571 Sherman Ave. would be this coming Saturday, Dec. 21.
This move was anticipated back in the summer, and comes months after the mortgage company Guaranteed Rate changed its name simply to Rate.
Both President Biden and President-elect Trump have vowed to block the $15 billion acquisition on national security grounds.
The bar has been in the ownership of the same family since 1989.
Experts said Tuesday night that the industry is facing hard times because of factors such as slowing sales and diminishing reimbursements—leading to store closures.
Taylor also played two nights at Ravinia this past June.
Mindy Kaling and Morris Chestnut announced the nominations for the 82nd annual Golden Globes, with 10 nominees revealed live on CBS News.
The lawsuit alleges the unidentified girl was raped at a Video Music Awards afterparty in 2000.
Social media sleuths noticed that the house next door to the iconic "Home Alone" house in Winnetka is now up for sale.
Here are the top songs, artists, and albums streamed on Spotify in Chicago this year, according to communications agency Burson Global.
The oysters were sold in Illinois, among other states.
Meteorologist David Yeomans has your 10 p.m. First Alert Weather forecast for Wednesday, Dec. 18, 2024.
One hundred families from Proviso Township were given gift cards to Amazon Fresh worth $150.
Patriot Services Group saw how some were impacted by the fire that left a man dead, and decided to help by offering some apartments. Darius Johnson reports.
A couple of months ago, a former employee of a Orange Elephant Roofing & Solar contacted CBS News Chicago with a complaint. CBS News Chicago began an investigation, and discovered a massive multi-state operation that has left homeowners out of tens of thousands of dollars each in many cases. Megan Hickey reports.
Many, including alderpersons and the members of the incoming elected school board, are denouncing the planned agenda.
Customers said contractors from the company, Orange Elephant Roofing & Solar, seemed simply to disappear into thin air. But that is only the tip of the iceberg.
Patriot Services Group saw how some were impacted by the fire that left a man dead, and decided to help by offering some apartments.
Shundra Johnson and Leonard Stepheny said they often relive the traumatic experience and are now in physical and mental health therapy.
The oysters were sold as Fanny Bay, Buckley Bay, and Royal Miyagi.
Customers said contractors from the company, Orange Elephant Roofing & Solar, seemed simply to disappear into thin air. But that is only the tip of the iceberg.
Survivors, advocates and experts have weighed in on Mayor Brandon Johnson's pledge to create a task force to study the safety of Black women in Chicago.
The Chicago-based company is accused of tricking diners about delivery fees, misleading drivers about pay, and listing restaurants on its platform without permission.
Now-retired Joliet police Sgt. Javier Esqueda was charged in connection with leaking squad car video of a man who died in Joliet police custody.
The original bus company they paid $10,000 to take them to Tampa left them stranded Wednesday night.
Edwards shot 8 for 15, including 6 for 13 from beyond the arc for the Ramblers (9-1).
Williams' completion percentage so far this year is 61.9%, which would be lower than any of his three college seasons.
Donato skated out of the right corner and stuffed a shot past Logan Thompson to hand Washington a second straight loss for only the second time this season.
Layden Blocker led the way for the Blue Demons (8-3, 0-2) with 17 points. Conor Enright added 12 points.
This move was anticipated back in the summer, and comes months after the mortgage company Guaranteed Rate changed its name simply to Rate.
Police have not said if the two burglaries are connected.
The suspect is facing seven counts of first-degree murder and dozens of other charges related to the 2022 mass shooting.
Tuhan "Amanda" Waller, 53, has been charged with five felony counts of retail theft. She had previously pleaded guilty to charges in three other shoplifting incidents.
An Indiana man, Joseph Corcoran, convicted of killing four people including his brother and his sister's fiancé decades ago was put to death, without any independent witness, marking the state's first execution in 15 years.
Survivors, advocates and experts have weighed in on Mayor Brandon Johnson's pledge to create a task force to study the safety of Black women in Chicago.
