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McCarthy says debt ceilng meeting with Biden "productive"
President Biden and House Speaker Kevin McCarthy huddled yet again as the debt ceiling "X" date nears.
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President Biden and House Speaker Kevin McCarthy huddled yet again as the debt ceiling "X" date nears.
McCarthy said Sunday that he had a "productive" call with Mr. Biden as the president returns from the G-7 conference in Japan.
House Speaker Kevin McCarthy said Sunday that he and President Joe Biden had a "productive" call,.
The federal government is less than two weeks away from going into default without a deal.
There's deadlock over the debt ceiling as we get closer to a major deadline. Republicans say they are not confident a deal can be reached before the nation defaults. Cristian Benavides reports for CBS2.
"It's hard to overstate how bad it would be," one expert said. Everything from Social Security payments to your retirement fund could get hit.
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.
Former President Donald Trump said in a CNN town hall that Carroll's story was "fake" and "made up," despite the swift and unanimous verdict.
"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.
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.
McCarthy is in a showdown with Pres. Biden over raising the debt ceiling.
The fight over the nation's debt limit could have very real implications on everything from your 401(k) to Social Security.
If Congress doesn't act, financial experts warn interest rates could go up on loans and mortgages, and the stock market could be in for another bumpy ride.
Senate Democrats still don't like the idea of using the budget maneuver to raise the debt limit.
Democrats and Republicans in the Senate reached a deal to extend the debt ceiling through early December, avoiding what could have been an economic disaster.
Senate leaders have taken control of efforts to avert a Treasury default and end the partial shutdown of the federal government.
The average home heating oil prices in Connecticut hover at the $3.60 per gallon mark.
Congress has failed to pass a budget for the last several years but some senate Democrats, including Connecticut's Richard Blumenthal, sense a change in the air.
President Barack Obama demanded Monday that Congress raise the federal debt limit quickly and said he will soon ask Congress to enact new gun legislation in the wake of the shootings a month ago in Newtown, Conn.
With one month to go before we reach the fiscal cliff, Republicans are going to have to figure out how to do something serious for a change instead of grandstanding and avoiding specifics.
Speaker John Boehner believes he holds a strong hand in fiscal cliff and debt limit talks. He is, once again, taking the global economy hostage and playing politics with the U.S. debt limit.
Grover is the ultimate in single interest constituencies in Washington. He is not accountable to anybody. He does not disclose who funds him, who pays him to do what he does or how much he is paid to blackmail GOP Members of Congress to sign his pledge not to raise taxes.
Investors hoping for relief from last week's volatility in the stock market found it Monday.
Even a survey showing Americans are dismayed about the economy didn't stop the gains on Wall Street today.
Bob Newhart, who starred in the long-running sitcoms "The Bob Newhart Show" and "Newhart," has died at age 94.
The U.S. Secret Service is facing mounting questions about the security flaws that allowed the shooter to fire from a rooftop near the rally.
Prime Day may have officially ended, but that doesn't mean there aren't still deals to shop.
The NYPD has revealed chilling new details in the killing of a beloved East Harlem salon owner. They say Vianel Garcia, 44, was killed by her own son, 22-year-old Miguel Duval, who faces second degree murder charges.
Clean up with the best robot vacuum deals that are still available after Prime Day.
The NYPD has revealed chilling new details in the killing of a beloved East Harlem salon owner. They say Vianel Garcia, 44, was killed by her own son, 22-year-old Miguel Duval, who faces second degree murder charges.
Run-DMC's Darryl McDaniels will headline this weekend's free SummerStage concert at Flushing Meadows-Corona Park in Queens.
After several days of searing, summer heat, we've finally got some good news for the Tri-State Area, weather-wise.
A funeral is being held Thursday for NYPD recruit Edgar Ordonez, who died last week after he collapsed during training in the Bronx.
New York City police say officers shot a man who was wielding a machete late Wednesday night in the Mott Haven section of the Bronx.
After several days of searing, summer heat, we've finally got some good news for the Tri-State Area, weather-wise.
New York and New Jersey coped with another day of excessive heat and humidity Wednesday, as well as severe weather.
Severe weather moved through parts of the Tri-State Area amid another heat wave Tuesday, causing widespread damage.
Physical effects of heat waves, like heat stroke, are widely known. But scientists are now sounding the alarm on psychological consequences of extremely high temperatures.
The First Alert Weather Team has issued a Red Alert through Wednesday due to excessive heat and humidity in New York City, New Jersey and the entire Tri-State Area.
Heat-related cancellations and delays continued Thursday on NJ Transit lines, prompting anger from riders.
After several days of searing, summer heat, we've finally got some good news for the Tri-State Area, weather-wise.
Sen. Bob Menendez is refuting reports that he's planning to resign after he was convicted on federal bribery charges.
Pressure is mounting on convicted felon Bob Menendez to resign from the U.S. Senate, but not everyone thinks he will.
New York and New Jersey coped with another day of excessive heat and humidity Wednesday, as well as severe weather.
New York's next offshore wind farm, Sunrise Wind, will be seven times bigger than its first one.
Officials in Hempstead are warning beach goers about recent shark sightings and rough seas.
Nassau County Executive Bruce Blakeman signed a a controversial transgender athlete ban Monday which passed last month by the Nassau County legislature along party lines.
Physical effects of heat waves, like heat stroke, are widely known. But scientists are now sounding the alarm on psychological consequences of extremely high temperatures.
The First Alert Weather Team has issued a Red Alert through Wednesday due to excessive heat and humidity in New York City, New Jersey and the entire Tri-State Area.
The U.S. Secret Service is facing mounting questions about the security flaws that allowed the shooter to fire from a rooftop near the rally.
Heat-related cancellations and delays continued Thursday on NJ Transit lines, prompting anger from riders.
Former President Donald Trump is slated to accept the GOP's nomination for president on the fourth and last day of the Republican National Convention.
Ohio Sen. JD Vance delivered a speech on the third night of the Republican National Convention and accepted the party's nomination for vice president.
Sen. Bob Menendez is refuting reports that he's planning to resign after he was convicted on federal bribery charges.
Physical effects of heat waves, like heat stroke, are widely known. But scientists are now sounding the alarm on psychological consequences of extremely high temperatures.
At least two cases of measles have been found in people staying at a New York City-run shelter for migrants in Brooklyn.
Nationwide, the CDC says the COVID virus level in wastewater is now "high" for the first time since last winter.
A first responder on Long Island is said to be the first in the country, outside a clinical trial, to undergo a life-saving surgery for peripheral artery disease.
Tahjana Lewis suffered burns to her chest, arms and legs, according to a recent lawsuit the Connecticut woman filed.
Bob Newhart, who starred in the long-running sitcoms "The Bob Newhart Show" and "Newhart," has died at age 94.
Run-DMC's Darryl McDaniels will headline this weekend's free SummerStage concert at Flushing Meadows-Corona Park in Queens.
Nominations for the 76th annual Emmy Awards were announced Wednesday, with "Shōgun," "The Bear," "Hacks," "Only Murders in the Building" and "Baby Reindeer" all earning multiple major nods. See the full list of nominees for the 2024 ceremony here.
"Big Brother" announced Tuesday the 16 new Houseguests who will move into the "Big Brother" house and, for the first time ever, have the power to vote in a 17th houseguest.
Shannen Doherty had been battling cancer since 2015.
Josef Martínez scored two second-half goals to help CF Montreal rally for a 2-2 tie with the New York Red Bulls.
Mounsef Bakrar and Talles Magno each scored a second-half goal to help New York City FC rally and play Atlanta United to a 2-2 tie.
Argentina won its second straight Copa America championship, overcoming Lionel Messi's second-half leg injury to beat Colombia 1-0 on Lautaro Martínez's 112th-minute goal.
Fans appeared to breach the security gates at Hard Rock Stadium hours before the Copa America final between Argentina and Colombia.
Michael Toglia hit three of the Rockies' six homrs in an 8-5 win over the Mets on Sunday.
It's a tradition that dates back to 1887. Worshippers in Brooklyn paraded through the streets, a beloved Italian tradition.
Yehuda Beinin said his daughter was held in two different homes in Gaza for 54 days.
The New York City Department of Environmental Protection is installing seven miles of porous pavement in Brooklyn.
CBS New York first reported in April that drivers were illegally parking cars in a grassy area alongside a bike lane under the Queensboro Bridge. Since then, community members say they've seen little improvement.
Mayor Eric Adams' rezoning proposal, dubbed "City of Yes," sparked debate at a lengthy public hearing Wednesday.
Tens of thousands of people flooded Manhattan streets on June 2, 2024 for the 60th annual Israel Day on Fifth Parade.
The Francis Scott Key Bridge in Baltimore collapsed early Tuesday, March 26 after a column was struck by a container ship that reportedly lost power, sending vehicles and people into the Patapsco River.
The 50th Annual Village Halloween Parade drew massive crowds, celebrating the theme "Upside/Down:Inside/OUT."
As much of the northeast experiences heavy rains, parts of New York City are beginning to flood.
Thousands of people flooded Union Square on Friday for a PlayStation giveaway promoted by livestreamer Kai Cenat.
A funeral is being held today for NYPD recruit Edgar Ordonez, who died last week after he collapsed during training in the Bronx. CBS New York's Natalie Duddridge has a look at how he's being remembered.
CBS New York's John Elliott says the heat wave is over. Thursday and Friday will feature temperatures in the mid-80s, with low humidity.
Riders voiced their frustrations on Thursday as they waited at the Secaucus Junction train station. CBS New York's Christine Fan reports.
Police say the shooting happened after officers responded to a domestic disturbance at a luxury building in Mott Haven late Wednesday night. CBS New York's John Dias reports.
Darryl "DMC" McDaniels from the iconic hip-hop group Run-DMC joins CBS New York to talk about his free show in Queens, mental health, and his new cookie business.