Biden, Republicans still far apart on raising debt ceiling
Republicans and Democrats still appear far apart on raising or suspending the debt ceiling. The five leaders are expected to meet again Friday.
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Republicans and Democrats still appear far apart on raising or suspending the debt ceiling. The five leaders are expected to meet again Friday.
The treasury secretary moved up her estimate of when the U.S. risks defaulting on its debt.
With revenues down 35% so far this year, banks have started moving up their estimates of when the U.S. could hit the so-called X-date
House Speaker Kevin McCarthy unveiled on Wednesday the Republican plan to raise the nation's debt ceiling by $1.5 trillion, but it's tied to massive federal spending cuts. CBS News congressional correspondent Nikole Killion joined Anne-Marie Green to discuss the GOP proposal.
Views of economy remain negative, with a mixed outlook at best, as possible debt limit crisis looms.
The Treasury Department has been using so-called extraordinary measures to keep paying the bills since the government hit the debt limit in January.
In January, Treasury Secretary Janet Yellen sent a letter to congressional leaders telling them the U.S. had hit the $31.4 trillion debt limit.
Here are the options Congress has to avert a first-time U.S. credit default and the severe economic consequences that could follow.
The federal government caps the amount of money it can borrow. But what are the risks if Congress fails to lift the debt limit?
Without congressional action, the U.S. could default as soon as June, she wrote in a letter Friday.
After weeks of partisan wrangling, U.S. lawmakers reached a last-minute deal to avoid a financial crisis, for now, agreeing to pay off America's credit card through early December.
The government shutdown may have ended but there is already concern that another shutdown could happen in just a few months. Congress now faces deadline starting in January to achieve budget and debt ceiling deals.
As the stare down over the government shutdown ends its eighth night in Washington, lawmakers are readying for another fight.
The federal government shutdown is now affecting Minnesota jobs. The state will lay off 105 health department workers immediately, and thousands of other federal workers in the state will face the same fate. And Congress appears to be standing still. According to Congressman Erik Paulsen's office, he skipped out on his own event Monday to head back to Washington to work on ending the shutdown. Some disappointed constituents, like Michael Waring of Edina, said they wanted to talk with him about ending the shutdown - even if it means joining with Democrats to do it.
If you think this past week's fiscal cliff deal puts an end to the partisan grid lock in Washington, guess again.
Pell Grant funding for undergraduate students was preserved in the law to raise the federal debt ceiling, but it was financed by curbs to student loan subsidies that helped graduate students.
President Obama signed into law Tuesday the controversial bill raising the nation's debt ceiling. It didn't come without a bruising political fight, and a few exaggerations.
Minnesota Sens. Amy Klobuchar and Al Franken have voted for emergency legislation allowing the government to borrow more money and avoid a U.S. government default.
A deficit-reduction deal approved by the U.S. House on Monday split Minnesota's representatives, with the plan losing support from the left and right ends of the state's congressional delegation.
To avert a future debt ceiling and budget crisis, Congress has appointed a commission; a group of 12 to hammer out a deal the other 523 members of the House and Senate could not, and did not.
The U.S. Senate and House of Representatives are expected to vote Monday on a deal to raise the debt ceiling and cut the deficit.
Racing the clock to avoid a government default, President Barack Obama and Republican congressional leaders reached historic agreement Sunday night on a compromise to permit vital U.S. borrowing by the Treasury in exchange for more than $2 trillion in long-term spending cuts.
As politicians in Washington D.C. fight like children in a sandbox that is too small, the nation waits for a deal that will avoid a national default.
By now, most Americans have probably heard the worst-case scenarios with hitting the debt ceiling: a dipping dollar, loan difficulties, a jump in interest rates. So, how likely is a worst-case scenario?
Minnesota Congressman Chip Cravaack has bucked Republican leaders and voted against a House bill to raise the debt ceiling and avoid a government default.
Gabriel Pec, Joseph Paintsil and Dejan Joveljic each scored two goals to help the LA Galaxy beat Minnesota United 6-2 to advance to the Western Conference finals.
Jaylen Brown scored the Celtics' first 15 points on five consecutive 3-pointers and finished with 29 points, before Boston withstood a late charge to beat the Minnesota Timberwolves 107-105.
Digital workers in Kenya had to sift through horrific online content to train AI, but say they were underpaid, overworked, and got inadequate mental health support. So they're fighting back.
Sam Darnold threw for 90 of his 330 yards in overtime to set up Parker Romo's game-ending 29-yard field goal, and the Minnesota Vikings outlasted the Chicago Bears 30-27 after giving up 11 points in the final 22 seconds of regulation.
A couple from Connecticut is charged with allegedly orchestrating a retail theft operation that may have cost Lululemon as much as $1 million.
A group of young adults wants everyone, regardless of what suburb or rural area they live in, to know what it's really like to live in the heart of the city and to sometimes not have a place to live at all.
The accident happened just after 10:30 p.m. Saturday near Chicago Avenue and Ninth Street South.
The shooting happened on the 1500 block of Lake Street East just before 8:30 p.m.
Inside Catholic Charities St Paul Opportunity Center, local physicians, surgeons, and lawyers gathered on Sunday to support people experiencing homelessness.
On Saturday, it was a jam packed house chamber, despite zero session. This time, filled with young adults.
The shooting happened just before 7 p.m. Thursday near 10th Street Southeast and First Avenue Southeast.
Authorities recovered multiple guns and a "significant amount of ammunition" from the home of a man accused of threatening his neighbor over her sexual orientation, charges say.
Minnesota will once again be one of the top states in the country for voter turnout.
State championship football games are happening all day long at U.S. Bank Stadium Friday.
There are a lot of quirky town names in Minnesota: Embarrass, Nowthen, Clontarff, Kiester. But the people of Nimrod believe their name stands out from the rest.
Authorities are urging a Wisconsin man accused of faking his death and fleeing to Europe to come home and spend the holidays with his wife and three children.
The Wisconsin Supreme Court is grappling with a case affecting whether the swing state's nonpartisan top elections official can remain in her post despite not being reappointed and confirmed by the state Senate.
Documents say Steven Williams resigned from the Prescott, Wisconsin police force "in lieu of termination."
An attorney representing a conservative prosecutor struggled Monday to convince Wisconsin's liberal-leaning Supreme Court to reactivate the state's 175-year-old abortion ban.
Jennie-O turkey brand will display its float at Macy's Thanksgiving Day Parade for the fifth consecutive year.
A group of young adults wants everyone, regardless of what suburb or rural area they live in, to know what it's really like to live in the heart of the city and to sometimes not have a place to live at all.
Inside Catholic Charities St Paul Opportunity Center, local physicians, surgeons, and lawyers gathered on Sunday to support people experiencing homelessness.
A man is expected to survive after being shot during a possible drug deal in Minneapolis' Dinkytown neighborhood Thursday morning, police said.
A warm place to live may be taken for granted, but for a veteran taking over his family home, it's a gift.
Michael Fuller and Mahesh Mathew are finding purpose on Twin Cities running paths together.
Democratic Sen. Tammy Duckworth said that Pete Hegseth is "flat-out wrong" in his view that women should not serve in the military in combat roles.
Democrats say they're concerned or scared Trump will threaten their rights, but fewer than half feel motivated to oppose him.
On Saturday, it was a jam packed house chamber, despite zero session. This time, filled with young adults.
Huldah Momanyi-Hiltsley is the first Kenyan-born state legislator in the country.
Minnesota will once again be one of the top states in the country for voter turnout.
The average price for a typical turkey is about $25 this year. That's 6% cheaper than last November.
"We literally walk in and dust off the jackets because they have been sitting for a while," she said.
Thieves capture radio signals from your key fob by using a device that grabs that fob's signal, even from long distances. That signal can be stored and re-used.
The price of housing in Minneapolis rose less over the last five years compared to other metro areas around the U.S.
The Wild also partnered with community food shelves to give out Turkeys this holiday season.
A couple from Connecticut is charged with allegedly orchestrating a retail theft operation that may have cost Lululemon as much as $1 million.
The shooting happened on the 1500 block of Lake Street East just before 8:30 p.m.
When cyclist Anna Moriah "Mo" Wilson was murdered in Texas, U.S. Marshals assigned to the case used a unique tactic to track down her suspected killer in Costa Rica and bring the fugitive to justice.
The shooting took place just after midnight Saturday near Lowry Avenue North and Fremont Avenue North.
The shooting happened just before 7 p.m. Thursday near 10th Street Southeast and First Avenue Southeast.
Last year, Minnesota lawmakers passed new protections after a young woman testified about contamination in her community just before she died. Her sister is now carrying on the fight to protect other families.
The Minnesota Department of Health and the United States Department of Agriculture say they have confirmed a total of 15 cases of E. coli related illnesses in Minnesota.
PFAS are forever chemicals used in everyday items like nonstick pans, dental floss and food packaging that can build up in our bodies and harm our health.
A new Minnesota state law requires school districts or charter schools to adopt a policy on the use of cellphones in school by March of next year. But one nonprofit has gotten a jump start, working with students to help them find a balance between devices in and out of school.
The Mayo Clinic says surgeons there successfully performed a face transplant for a Michigan man who was severely injured from a self-inflicted gunshot wound 10 years ago.
Chuck Woolery was inducted into the American TV Game Show Hall of Fame in 2007 and earned a daytime Emmy nomination in 1978.
English hyperpop artist Charli XCX will be coming to Minneapolis on April 26, 2025.
After almost a decade of "Disney on Ice" performances, a Minnesota native is eagerly anticipating his first show at the Xcel Energy Center.
Post Malone announced Tuesday that the "Big A** Stadium Tour" will come to U.S. Bank Stadium on May 20, 2025.
The much-hyped fight pitting the 58-year-old Tyson against Paul, 27, shattered records but was marred by tech glitches.
Meet a student athlete from Chisago Lakes with endless drive, despite a surprise diagnosis. Plus, Becker and Totino-Grace battled at U.S. Bank Stadium for the Class 4A championship.
Gabriel Pec, Joseph Paintsil and Dejan Joveljic each scored two goals to help the LA Galaxy beat Minnesota United 6-2 to advance to the Western Conference finals.
Jaylen Brown scored the Celtics' first 15 points on five consecutive 3-pointers and finished with 29 points, before Boston withstood a late charge to beat the Minnesota Timberwolves 107-105.
Sam Darnold threw for 90 of his 330 yards in overtime to set up Parker Romo's game-ending 29-yard field goal, and the Minnesota Vikings outlasted the Chicago Bears 30-27 after giving up 11 points in the final 22 seconds of regulation.
Drew Allar passed for 244 yards and a touchdown, rushed for a score and completed a late fourth-down conversion to help No. 4 Penn State fend off Minnesota 26-25 on Saturday and stay on track for a spot in the College Football Playoff.
In this election, Klobuchar faired much better than all other Senate Democrats — she won by a significantly larger margin.
For Democrats the postmortem continues on why Vice President Kamala Harris and her Running mate Governor Tim Walz performed more poorly with almost every demographic than Joe Biden did in 2020. In Minnesota, Senator Amy Klobuchar did much better than Harris with some of those same groups.
As Election Day nears, experts say voters in Wisconsin and other battleground states will decide the 2024 presidential election winner.
As Election Day nears, experts say voters in Wisconsin and other battleground states will decide the 2024 presidential election winner.
As Election Day nears, experts say voters in Wisconsin and other battleground states will decide the 2024 presidential election winner.
There are a lot of quirky town names in Minnesota: Embarrass, Nowthen, Clontarff, Kiester. But the people of Nimrod believe their name stands out from the rest.
Did you know that donkeys are fast, smart and can build life-long bonds with other animals and people? It's believed that donkeys are smarter than most dogs.
The Fitzgerald Theater is the oldest active theater in St. Paul — but is it also haunted?
Wisconsin bars are known for their pints and their patrons. About the last thing you'd expect to discover in such a place would be 55 feet of historic American artwork.
Did you know Minnesota has a real castle? Miller Castle, near Nisswa.
This holiday season, you might pull out a Betty Crocker cookbook to find a tried and true recipe.
Krueger is the third-generation owner of Krueger's Christmas Tree Farm. While he finds joy in knowing the evergreens will make a family happy, they might not realize the effort it took to reach these towering heights.
As President-elect Donald Trump fills out his cabinet, there's one department for which he's yet to announce a leader. That could be because he promised it wouldn't exist after taking office.
The tiny sensory organs that cover our tongue allow us to detect five basic tastes: sweet, salty, bitter, sour and umami — which is a savory, rich or meaty flavor.
Grabbing a TV for a steal-of-a-deal is a popular move during the holiday season. This year, industry experts are expecting shoppers to go big — like really big.
Regions Hospital and Children's Minnesota share photos of their tiniest patients dressed to the nines for Halloween.
Minnesotans got a great view of the northern lights Thursday night due to the arrival of a severe geomagnetic storm.
Minnesotans got a great view of the northern lights Monday night.
Storms ripped through parts of Minnesota and western Wisconsin on Thursday evening. There were several reports of tornadoes and trees were downed in the metro and beyond, including in Cottage Grove, Anoka, Champlin and Fridley.
A powerful thunderstorm tore through the grounds of the Minnesota State Fair on Monday night, delaying Tuesday's opening.
Meteorologist Lisa Meadows says overnight snow and a flash freeze will make for a rough Monday morning commute.
In Minnesota, weather can be all over the place. Here at WCCO, we want to give you what you need to prepare for what's happening next.
The National Weather Service says the metro may see half an inch of accumulation overnight, with most snow falling between 3 a.m. to 6 a.m. Accompanied by a flash freeze, conditions could "cause significant impacts to the Monday morning commute."
Meteorologist Riley O'Connor says Sunday will be quiet before it rains overnight and transitions into snow.
Sunday will be similar to Saturday, with temps in the low 40s. Starting Sunday night we have precipitation that will continue through Monday morning. Temps will drop into next week into the high 20s or low 30s. Lisa Meadows breaks down the precipitation timing and what you need to know.
Minneapolis police are investigating three separate shootings that happened on Saturday, plus more of the day’s top stories.
Meteorologist Lisa Meadows says overnight snow and a flash freeze will make for a rough Monday morning commute.
A family is grieving after a fatal crash took the life of a father of three on Friday on a rural Hennepin County road.
The National Turkey Federation shared a video on their Facebook page of two turkeys from Minnesota arriving in Washington, D.C. so they can be pardoned by President Biden at the White House.
Meteorologist Riley O'Connor says Sunday will be quiet before it rains overnight and transitions into snow.