Watch CBS News
President Joe Biden and House Speaker Kevin McCarthy announced late Saturday that they had reached an agreement in principle to raise the debt ceiling. Democratic House Minority Leader Hakeem Jeffries tells "Face the Nation" that he expects his caucus to vote for the deal because it "protects" Social Security, Medicare, Medicaid, veterans and the "American people."
This week on "Face the Nation," House Democratic leader Hakeem Jeffries joins "Face the Nation" to discuss the tentative debt ceiling deal, plus Microsoft president and vice chair Brad Smith discusses the rise of AI.
Negotiations over how America pays its bills have devolved into partisan brinkmanship, which one business school professor calls "an entirely avoidable disaster" that we will pay more for in the future.
Correspondent David Pogue explains why negotiations over how America pays its bills have devolved into what one observer calls "an entirely avoidable disaster."
After days of intense negotiations and weeks of talks, an agreement in principle has been reached to raise the debt ceiling.
The deadline to make a deal on the debt ceiling has been extended to June 5 as House Republicans and the Biden administration negotiate. Christina Ruffini has more.
Treasury Secretary Janet Yellen set a new estimated "X" date for a possible government default if no deal is reached of June 5.
Treasury Secretary Janet Yellen announced Friday that the estimated deadline that the government could begin to default on its debts has been pushed back from June 1 to June 5, giving negotiators an extra four days to reach a deal on raising the nation's debt ceiling. House Speaker Kevin McCarthy has expressed optimism that it will get done in time. CBS News congressional correspondent Scott MacFarlane has the latest.
With the White House and Republican congressional leaders still negotiating a deal to raise the nation's debt ceiling, U.S. Treasury Secretary Janet Yellen provided some positive news Friday, when she pushed back the estimated deadline that the government could begin to default on its debts from June 1 to June 5. Scott MacFarlane has the latest.
The Dow Jones, the S&P 500 and the Nasdaq closed in the green Friday, as investors reacted to negotiators making progress in the debt ceiling standoff. Javier David, Axios managing editor for business and markets, and J.D. Durkin, host of TheStreet, joined CBS to explain what the numbers mean for investors and the economy.
Time is running short for House Republicans and the White House to reach an agreement on the debt ceiling to avoid default.
The massive storms that soaked California at the beginning of this year allowed many in the state to automatically be granted a tax extension. But that’s causing problems for the U.S. balance sheet as it approaches the deadline to raise the debt ceiling. Julie Weil, a tax reporter for the Washington Post, has more.
President Biden and House Speaker McCarthy have said they're getting closer to an agreement to avoid a debt default as the deadline approaches. Former communications director for Vice President Harris Ashley Etienne and Republican strategist Leslie Sanchez joined CBS News to talk about the political ramifications of any agreement.
Sources tell CBS News that Republican lawmakers and White House negotiators are getting very close to a deal to raise the nation's borrowing limit. There are still some issues to work out, but they appear to be closing in on a set of terms that would stave off the risk of default and avoid another showdown for about two years. CBS News chief White House correspondent Nancy Cordes has more.
Republican lawmakers and White House negotiators are moving closer to a deal to raise the nation's borrowing limit. Sources familiar with the talks tell CBS News that the deal under discussion would cap federal spending levels for the next two years. Nancy Cordes reports from the White House.
Debt ceiling deadline looms as talks inch forward; Controversy over Taylor Swift's "Karma" remix.
House Speaker Kevin McCarthy says he has directed his team of negotiators to work "24/7" with the White House until they reach a deal on raising the debt ceiling. CBS News senior White House correspondent Weijia Jiang has the latest.
House lawmakers were set to leave town Thursday for Memorial Day weekend without a deal in place to raise the debt ceiling. The Treasury Department says the government is at risk of a default as early as next week.
Another day and still no deal between President Biden and congressional leaders as we creep closer to the estimated date the Treasury Department says the U.S. will exceed its borrowing limits. CBS News senior White House correspondent Weijia Jiang and CBS News congressional correspondent Scott MacFarlane join with the latest updates from Capitol Hill.
Republican lawmakers want the government to slash federal spending, which ballooned during the pandemic.
Experts say a debt default could put the U.S. economy into a deep recession, but where would we see the biggest impact globally? Bernard Yaros, an assistant director and economist at Moody's Analytics, has more on that.
There's still no deal to raise the debt ceiling, but both sides say the latest negotiations were "productive." CBS News congressional correspondent Nikole Killion talked with House Speaker Kevin McCarthy, who's at the center of negotiations, Thursday morning at the Capitol.
Congressional leaders and President Biden have yet to agree on a plan to raise the debt ceiling, leaving many Americans concerned about how a potential default could impact their health care. Sara Rosenbaum, a professor emerita at George Washington University's Milken School of Public Health, joins CBS News with more.
We're just a week away from the June 1 deadline when Treasury Secretary Janet Yellen says the U.S. could begin defaulting if the debt ceiling isn't raised. Both sides say negotiations Wednesday remained "productive," but there is still no deal, with the House set to begin a week-long Memorial Day recess. CBS News chief White House correspondent Nancy Cordes has more.
The credit agency said the "brinkmanship over the debt ceiling" signals an increasing risk to the creditworthiness of the nation.
After a Republican revolt led by Elon Musk and Donald Trump torpedoed a plan to fund the government, a new path forward remains unclear as Congress lurches toward Friday night's deadline.
UnitedHealthcare CEO murder suspect Luigi Mangione is returning to New York City after waiving extradition in Pennsylvania.
Gisèle Pelicot said she had no regrets, but hope for the future after a judge sentenced her ex-husband to 20 years in prison for drugging and raping her for years.
President-elect Donald Trump was charged in a sprawling racketeering case related to the 2020 election.
Kevin Underwood, who killed 10-year-old Jamie Rose Rolin in 2006, died by lethal injection in Oklahoma. It was the 25th and final U.S. execution this year.
A California judge issued a restraining order against a 20-year-old man who told FBI agents he'd been messaging with the Wisconsin shooter, authorities and court documents say.
Teamsters union says Amazon workers at seven warehouses plan to walk off the job Thursday morning in multiple states.
Drones have been banned from flying over nearly two dozen New Jersey towns until Jan. 17, the FAA says.
Senators advance bill that would expand Social Security benefits to millions of Americans with public pensions.
"My phone was ringing off the hook," Republican Rep. Andy Barr said. "The people who elected us are listening to Elon Musk."
After a Republican revolt led by Elon Musk and Donald Trump torpedoed a plan to fund the government, a new path forward remains unclear as Congress lurches toward Friday night's deadline.
U.S. stocks are stabilizing following one of their worst days of the year.
UnitedHealthcare CEO murder suspect Luigi Mangione is returning to New York City after waiving extradition in Pennsylvania.
The Georgia Court of Appeals ruled that Fulton County District Attorney Fani Willis must be removed from the 2020 election case against President-elect Donald Trump.
U.S. stocks are stabilizing following one of their worst days of the year.
Teamsters union says Amazon workers at seven warehouses plan to walk off the job Thursday morning in multiple states.
The stock market is down sharply today after the Federal Reserve forecast fewer interest rate cuts in 2025 than expected.
It's the last year the American Women Quarters Program will put historical female figures on reverse side of coins.
TP-Link routers could be banned in the U.S. over national security concerns, according to a report.
"My phone was ringing off the hook," Republican Rep. Andy Barr said. "The people who elected us are listening to Elon Musk."
After a Republican revolt led by Elon Musk and Donald Trump torpedoed a plan to fund the government, a new path forward remains unclear as Congress lurches toward Friday night's deadline.
The Georgia Court of Appeals ruled that Fulton County District Attorney Fani Willis must be removed from the 2020 election case against President-elect Donald Trump.
The new goal is part of the Paris Agreement, under which member nations must update their emission cut targets every five years.
Democrats elect a new party chair on Feb. 1, following the loss of the presidency and the Senate and the narrow failure to win the House in 2024.
A Louisiana patient is critically ill with severe respiratory symptoms from H5N1 bird flu, marking the 61st U.S. human case this year. California has declared a state of emergency. CBS News medical contributor Dr. Celine Gounder explains the public health risks.
Advocates say it is discrimination and are arguing for "insurance fairness" on the grounds that people who have joints surgically replaced typically don't face the same kinds of coverage challenges.
Seed oils are making headlines, prompting fears around whether they can have negative effects on your health. Here's what to know.
A person in Louisiana has the first severe illness caused by bird flu in the U.S., the Centers for Disease Control and Prevention announced Wednesday.
"The mystery has finally been solved," Congo's health ministry says, after an unidentified disease outbreak started killing mainly women and children in a remote region.
Russia's Vladimir Putin, in his annual marathon news conference, laments "serious blunders" by his security forces and says he'll meet Trump "any time" about Ukraine.
Two highway crashes in southeastern Afghanistan killed a combined total of 50 people and injured 76, a government spokesman says.
"Mayotte is demolished," an airport security agent told President Emmanuel Macron as he arrived in the remote French territory five days after Cyclone Chido.
Officers arrested a woman who was the missing male's partner and another man who was her ex-partner, police said.
The incident happened one day after a blast caused by another improvised landmine killed two Mexican soldiers and wounded five others.
For 90 years, the Apollo Theater has shaped American culture, launching icons like James Brown and Aretha Franklin. This year, it became the first institution honored by the Kennedy Center, cementing its legacy as a hub of innovation.
Sixteen-time Grammy winner Alicia Keys celebrates her Broadway musical "Hell's Kitchen" earning a Grammy nomination for Best Musical Theater Album. In an exclusive interview, she revisits her alma mater to honor the teacher who inspired her and surprises students.
Since 2014, Variety's "Actors on Actors" has showcased one-on-one conversations between Hollywood stars, offering unique insights into their craft. Co-editor-in-chief and executive producer Ramin Setoodeh joins us to discuss the series' impact.
The three surviving core members of the Grateful Dead, Bobby Weir, Bill Kreutzmann, and Mickey Hart, talk to Anthony Mason about becoming Kennedy Center honorees, the band's legacy and loyal fans, and the magic of music and songwriting.
Surviving members of the Grateful Dead, Bobby Weir, Bill Kreutzmann, and Mickey Hart, revisit the Great American Music Hall in San Francisco.
The Supreme Court said Wednesday it will hear an appeal from TikTok over a federal law that would ban the social media giant if it is not sold by its Chinese parent company. Jan Crawford has more.
Elliston Berry's life was turned upside down after a photo she posted on Instagram was digitally altered online to be pornographic.
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
The Supreme Court plans to hear arguments in January on a challenge to a new law that could lead to the popular social media app TikTok being banned in the U.S. The Biden administration and lawmakers say the Chinese government's ability to collect data from TikTok poses a significant national security risk, while the app and its Chinese parent company ByteDance argue that the law is unconstitutional. CBS News Supreme Court producer Catherine Cole has more.
FAA data shows that lithium battery fires on U.S. flights have risen 388% since 2015, now occurring nearly twice a week.
Giant hornets, dubbed "murder hornets," have been eradicated in the U.S., five years after the invasive species was first detected in Washington state.
World coal use is set to reach an all-time high in 2024, the International Energy Agency says, in a year all but certain to be the hottest in recorded history.
From record-breaking temperatures to devastating disasters, 2024 brought the world closer to the reality of what climate change looks and feels like. CBS News national environmental correspondent David Schechter reports.
Researchers determined that dozens of men, women and children were violently killed and cannibalized in Bronze Age-era England.
In this episode of “ClimateWatch,” CBS national environmental correspondent David Schechter looks back at the devastating hurricanes, landslides, flooding and more that impacted the U.S. this year.
Luigi Mangione may also face a federal charge after arriving in New York. This comes after the suspect in the UnitedHealthcare CEO killing waived extradition in Pennsylvania. CBS News' Nicole Valdes reports.
California court documents revealed that the 15-year-old Madison, Wisconsin, school shooting suspect was in contact with a man who was allegedly plotting another attack. This comes as the identities of the two Abundant Life Christian School fatal shooting victims have been revealed. CBS News' Ian Lee reports.
Luigi Mangione, the suspect in the UnitedHealthcare CEO murder case, has waived extradition and is being transported from Pennsylvania to New York. CBS News' Nicole Valdes has more.
UnitedHealthcare CEO murder suspect Luigi Mangione is returning to New York City after waiving extradition in Pennsylvania.
Luigi Mangione's lawyer says the suspect in the UnitedHealthcare CEO killing is expected to waive extradition back to New York from Pennsylvania. CBS News' Nicole Valdes reports.
New analysis techniques and decades-old research helped NASA scientists identify an unusual black hole in a distant galaxy.
Here's why NASA astronauts Suni Williams and Butch Wilmore are stuck, but not stranded, at the International Space Station after launching into space in June.
NASA has delayed the return date for Boeing's Starliner astronauts Butch Wilmore and Suni Williams. CBS News' Manuel Bojorquez reports on the decision to keep the two in space.
NASA Administrator Bill Nelson says he's optimistic the Trump administration will support the space agency's agenda.
Two astronauts who have been stuck in space since June will have to wait until at least the end of March to come home after NASA on Wednesday again pushed back their return date. Derrick Pitts, chief astronomer for the Franklin Institute, joined CBS News to discuss what's causing the delays.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Peterson's death sentence for the murder of his pregnant wife Laci has been overturned. Now his supporters are pushing for a complete retrial.
The seesaw marriage between the former ballerina and her much older husband only lasted four years, until she shot him on Sept. 27, 2020.
Cayley Mandadi's mother and stepfather go to extreme lengths to prove her death was no accident.
Live performances are in full swing this summer. Scroll through our concert gallery, featuring pictures by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
Luigi Mangione may also face a federal charge after arriving in New York. This comes after the suspect in the UnitedHealthcare CEO killing waived extradition in Pennsylvania. CBS News' Nicole Valdes reports.
The Supreme Court has agreed to hear arguments in a challenge to the TiKTok ban that President Biden signed into law. This comes as President-elect Donald Trump signals he may have a soft spot for the Chinese-owned social media app. Emily Baker-White, an investigative reporter for Forbes, joins CBS News with more.
A look at the humanitarian aid entering the Gaza Strip is providing a glimpse at the supplies reaching residents as allegations of looting and corruption continue. CBS News' Chris Livesay reports.
Young adults appear to be prioritizing their sleep more than older generations. CBS News' Cristian Benavides looks at the lengths some are going to achieve a good night's sleep.
California court documents revealed that the 15-year-old Madison, Wisconsin, school shooting suspect was in contact with a man who was allegedly plotting another attack. This comes as the identities of the two Abundant Life Christian School fatal shooting victims have been revealed. CBS News' Ian Lee reports.