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.
The New York State DMV is calling out the city's finance department for not using up-to-date information when writing parking tickets.
Tyler Bertuzzi, Ilya Mikheyev and Frank Nazar scored for the 'Hawks, who have lost eight of the last 10 games.
The Vancouver Canucks beat the New York Islanders 5-2 on Wednesday night.
The Toronto Raptors routed the Brooklyn Nets 116-86 on Wednesday night.
The Clippers prevented the Knicks from clinching a playoff berth with a 126-113 victory Wednesday night.
The American Association of University Professors and American Federation of Teachers have filed a lawsuit against the Trump administration, accusing it of holding funding hostage at Columbia University.
The MTA board has voted to award a more than $186 million contract with a project management consultant to oversee the work of Phase 2 of the Second Avenue subway extension.
Sleep apnea screenings will be free for New Yorkers under a new law passed at City Hall on Wednesday.
Prosecutors do not want Luigi Mangione, the suspect in the murder of UnitedHealthcare CEO Brian Thompson, to have a laptop in prison, and are taking issue with what he was given to wear for a recent court appearance.
A second family is now suing a New York City funeral home company for what they call an unforgivable mix-up.
Prosecutors want to modify the bail for Kimberly Sullivan, the Connecticut woman accused of imprisoning her stepson for 20 years.
It's a rainy start to the work week for the NYC area. We're tracking light rain for the morning commute that picks up into the lunch hour.
Following a brief warmup on Saturday will be a cooldown for Sunday.
Today is the first day of spring, and NYC and N.J. are expecting some rainy weather as the equinox arrives.
Stormy weather arrived overnight around the NYC area, bringing heavy rain and high winds.
Parents were expected to gather in Middletown, N.J. on Wednesday night to hear more about ways to balance the budget to avoid school closures.
The Jersey Shore Wave is the newest Women's National Football Conference expansion team at Hinchliffe Stadium in Paterson, New Jersey.
Students at a New Jersey college are being credited for helping police identify the remains of a woman who disappeared more than 10 years ago.
Nadine Menendez, the wife of convicted former Sen. Bob Menendez, faced opening statements Monday in her federal bribery trial in NYC.
It's a rainy start to the work week for the NYC area. We're tracking light rain for the morning commute that picks up into the lunch hour.
The New York State DMV is calling out the city's finance department for not using up-to-date information when writing parking tickets.
At Open Box Liquidation in Hauppauge, Long Island, hundreds of pallets are wrapped and waiting for their mystery to be unraveled.
One person was killed Thursday in a crash involving a fire truck in Suffolk County.
Gabby Petito's grandmother announced a new fundraiser in her granddaughter's name Wednesday to mark what would have been Petito's 26th birthday.
Hempstead was once one of the most active business districts on Long Island. It now appears to be on the way to recovery.
The American Association of University Professors and American Federation of Teachers have filed a lawsuit against the Trump administration, accusing it of holding funding hostage at Columbia University.
Parents were expected to gather in Middletown, N.J. on Wednesday night to hear more about ways to balance the budget to avoid school closures.
President Trump on Wednesday said he is imposing a 25% tariff on automobiles not manufactured in the U.S.
The Trump White House has said "these were NOT war plans that were discussed."
Director of National Intelligence Tulsi Gabbard and CIA Director John Ratcliffe returned to Capitol Hill to testify before the House Intelligence Committee.
Sleep apnea screenings will be free for New Yorkers under a new law passed at City Hall on Wednesday.
One of Mayor Eric Adams' signature mental health care programs is in question after a City Council report suggested it's ineffective.
Nestlé USA cites consumer complaints, including "one potential choking incident" for recalling products sold nationwide.
A New Jersey family says they would be heavily impacted by any proposed cuts to Medicaid.
As Americans live longer, there's a dire need to create an age-friendly health care system. But right now, there aren't enough doctors specializing in geriatrics to care for older adults.
Hamdan Ballal said Israeli settlers in the occupied West Bank beat him in front of his home while filming the assault.
Israeli settlers have beaten up one of the Palestinian co-directors of the Oscar-winning documentary film "No Other Land."
As Conan O'Brien was honored with the Mark Twain Prize at the Kennedy Center, many comics targeted President Trump from the stage.
Sunday was opening night on Broadway for "Othello," featuring two of Hollywood's biggest stars, Denzel Washington and Jake Gyllenhaal.
Celebrating 20 years as a band, the Jonas Brothers played a show at the American Dream mall on Sunday.
Tyler Bertuzzi, Ilya Mikheyev and Frank Nazar scored for the 'Hawks, who have lost eight of the last 10 games.
The Vancouver Canucks beat the New York Islanders 5-2 on Wednesday night.
The Toronto Raptors routed the Brooklyn Nets 116-86 on Wednesday night.
The Clippers prevented the Knicks from clinching a playoff berth with a 126-113 victory Wednesday night.
As fans wager an estimated $3.1 billion into March Madness bets, cybersecurity experts warn of a rise in online gambling scams targeting everyday users.
CBS News New York's Elle McLogan headed to Citi Field to find out what's new on the menu for Mets fans in 2025.
Voters will cast their ballots in Brooklyn in a special election to fill a vacant New York City Council seat
Amid ongoing litigation surrounding noise at Forest Hills Stadium, a new announcement from the NYPD has called the 2025 summer concert season into question.
There are mixed reviews after a controversial busway project aimed at improving bus times and congestion on Fordham Road in a busy section of the Bronx was canceled.
Brooklyn's historic Hendrick I. Lott House is getting a long-overdue restoration. It's set to be transformed into Marine Park's first museum.
Dogs got decked out for the annual Tompkins Square Halloween Dog Parade in New York City's East Village on Saturday.
Cosplayers flooded New York City's Javits Center in October 2024 for the annual New York Comic Con convention.
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."
CBS News New York's Rob Marciano has your First Alert Forecast for March 26 at 11 p.m.
The fight continues to keep Brooklyn's popular Aviator Sports Complex open as its lease is in limbo. CBS News New York's Derick Waller reports there are active negotiations to try to save it.
A state agency is calling out New York City for not using up-to-date information when it writes tickets after CBS News New York investigative reporter Tim McNicholas told them about a Long Island man who says the process of fighting a ticket turned into a nightmare.
A new photo shows the heart-shaped notes that were stuffed in a pair of socks and given to Luigi Mangione, who is charged in the December shooting death of UnitedHealthcare CEO Brian Thompson.
Facing a multimillion dollar deficit and a possible closure of three schools, parents in one New Jersey community came out in droves Wednesday to voice their objections. CBS News New York's Alecia Reid breaks down why the school board says closures are necessary.
