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Debt Ceiling

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Looming debt ceiling crisis awaits Congress

A looming debt ceiling crisis threatens to upend the U.S. economy. Treasury Secretary Janet Yellen warned the U.S. will reach its debt limit Thursday and the Treasury Department will begin implementing extraordinary measures to delay a possible default on the nation's debt until June if Congress doesn't take action. CBS News congressional correspondent Nikole Killion joined Errol Barnett and Lana Zak to discuss that and the growing controversy surrounding some House Republicans' committee assignments.

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White House won't negotiate over debt ceiling

The White House has said it won't negotiate with Republican House Speaker Kevin McCarthy over raising the nation's debt ceiling as Treasury Secretary Janet Yellen warns the government is about to hit its debt limit. CBS News chief White House correspondent Nancy Cordes joined Errol Barnett and Lana Zak to discuss that and the latest on the controversy surrounding the discovery of documents marked classified at President Biden's Delaware home and former office.

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