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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.
Two women testified before the House Ethics Committee that Matt Gaetz paid them "for sex," their lawyer told CBS News' Major Garrett.
A judge has struck down Wyoming's overall ban on abortion and its first-in-the nation explicit prohibition on the use of medication to end pregnancy.
The families of eight school shooting victims opened their doors to Steve Hartman and photographer Lou Bopp, allowing them to document their children's bedrooms.
Over the last year, the number of school districts in Ohio that allow staff to be armed quadrupled, with 14% of the state's districts now participating.
Paul Teal's fiancée and fellow "One Tree Hill" actors shared tribute posts memorializing him.
E. coli outbreaks in food are making headlines, prompting questions about how to stay safe from the bacteria that can cause sickness.
California Gov. Gavin Newsom decided to defer the Menendez brothers' clemency decision to incoming District Attorney Nathan Hochman.
Stop & Shop stores across Massachusetts had empty shelves on Monday due to a cyberattack.
Ballet dancer Vladimir Shklyarov fell from a fifth-floor balcony after taking painkillers ahead of back surgery, Russian media reported.
A judge has struck down Wyoming's overall ban on abortion and its first-in-the nation explicit prohibition on the use of medication to end pregnancy.
California Gov. Gavin Newsom decided to defer the Menendez brothers' clemency decision to incoming District Attorney Nathan Hochman.
Over the last year, the number of school districts in Ohio that allow staff to be armed quadrupled, with 14% of the state's districts now participating.
Paul Teal's fiancée and fellow "One Tree Hill" actors shared tribute posts memorializing him.
Spirit's bankruptcy filing will likely mean higher airfares across airlines as it trims schedule, according to experts.
"Inside the NBA" will continue on other networks, even though will no longer be airing on TNT at the end of this season.
Stop & Shop stores across Massachusetts had empty shelves on Monday due to a cyberattack.
Spirit's bankruptcy filing will likely mean higher airfares across airlines as it trims schedule, according to experts.
Robert F. Kennedy's Jr. push to remove fluoride from the nation's public water supply could benefit some companies. Here's why.
Canada's Bestar recalled wall beds only after learning of dozens of cases in which its beds detached from the walls, feds say.
President-elect Donald Trump says former Wisconsin Rep. Sean Duffy is his choice for transportation secretary as he continues to roll out picks for his Cabinet.
Robert F. Kennedy's Jr. push to remove fluoride from the nation's public water supply could benefit some companies. Here's why.
President-elect Donald Trump announced he selected former Florida Rep. Matt Gaetz to serve as attorney general.
Two women testified before the House Ethics Committee that Matt Gaetz paid them "for sex," their lawyer told CBS News' Major Garrett.
Kennedy insists he is not "anti-vaccine," but he has a long record of false and misleading statements about their safety and benefits. What could he do as Trump's HHS secretary?
Robert F. Kennedy's Jr. push to remove fluoride from the nation's public water supply could benefit some companies. Here's why.
Kennedy insists he is not "anti-vaccine," but he has a long record of false and misleading statements about their safety and benefits. What could he do as Trump's HHS secretary?
Canada's Bestar recalled wall beds only after learning of dozens of cases in which its beds detached from the walls, feds say.
E. coli outbreaks in food are making headlines, prompting questions about how to stay safe from the bacteria that can cause sickness.
There is currently no cure for Parkinson's Disease. But some with Parkinson's are finding that an unusual therapy – rock climbing – is helping them improve their balance, mobility, strength and cognition.
Ballet dancer Vladimir Shklyarov fell from a fifth-floor balcony after taking painkillers ahead of back surgery, Russian media reported.
Air pollution chokes New Delhi every winter, but this year's smog has already derailed everything from transport and road work to schools.
The sister of Aysenur Ezgi Eygi, an American activist killed in the Israeli-occupied West Bank, says her idealistic vision of the U.S. has been shattered.
A Russian lawmaker calls President Biden's decision to let Ukraine fire U.S. missiles deep into Russia a "very big step toward the beginning" of a third world war.
Bernadett "Betty" Szabo, 19, was stabbed multiple times just months after giving birth to a baby boy.
Paul Teal's fiancée and fellow "One Tree Hill" actors shared tribute posts memorializing him.
"Inside the NBA" will continue on other networks, even though will no longer be airing on TNT at the end of this season.
The stars of Ridley Scott's "Gladiator II" discuss the film's legacy and stepping back into the world of ancient Rome.
The much-hyped fight pitting the 58-year-old Tyson against Paul, 27, shattered records but was marred by tech glitches.
Ridley Scott's latest masterpiece revisits the world of ancient Rome with new characters and intense drama. The cast of "Gladiator II" talks to Nate Burleson on working with Scott and carrying forward the spirit of the iconic original.
As climate change intensifies, the race for a more eco-friendly car has revved up. Itay Hod reports on the newest twist on travel.
In an online conversation about aging adults, Google's Gemini AI chatbot responded with a threatening message, telling the user to "please die."
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.
On Wednesday, a judge allowed a Federal Trade Commission lawsuit to move forward that accuses Meta of creating an illegal monopoly with Facebook, Instagram and WhatsApp. CBS News MoneyWatch correspondent Kelly O'Grady explains.
The Guardian says benefits of being on Elon Musk's social media platform X are outweighed by its "often disturbing content."
President-elect Donald Trump has pledged to "drill, baby, drill" on Day 1 in office. CBS News national environmental correspondent David Schechter joins to take a closer look at the environmental impact of some of Trump's potential energy and climate policies.
2024 is on pace to be the hottest year on record worldwide. CBS News Los Angeles meteorologist and climatologist Marina Jurica reports that extreme weather events cost the global economy over $2 trillion in the last 10 years.
Scientists say they've discovered a "mega coral" three times bigger than the previous record holder - so huge they initially thought it was a shipwreck.
Seal-shaped boards decked with bright horizontal lights were less likely to be attacked by great white sharks, researchers found.
Oil and natural gas companies will have to pay a federal fee if they emit methane above certain levels under a rule being finalized by the Biden administration that incoming Trump officials are likely to reverse.
California Gov. Gavin Newsom decided to defer the Menendez brothers' clemency decision to incoming District Attorney Nathan Hochman.
CBS News has learned the case against the man accused of killing a University of Georgia nursing student could be in the hands of the judge as early as Tuesday. Jose Ibarra, an undocumented immigrant from Venezuela, has pleaded not guilty to killing 22-year-old Laken Riley while she was jogging on campus in February. CBS News national correspondent Manuel Bojorquez has the latest from Athens, Georgia.
Officials say 13 people were shot during two incidents along a New Orleans "second line" parade route. CBS News' Kati Weis breaks down what's known.
Jose Ibarra's trial for the murder of Laken Riley, a student at Georgia's Augusta University College of Nursing, continues as Ibarra's family members are expected to testify on his behalf. CBS News contributor Caroline Polisi breaks down the latest in the case.
Two people were killed in two separate shootings along a New Orleans parade route Sunday night. No arrests have been made so far. CBS News national reporter Kati Weis has more.
Researchers analyzed lunar soil brought back by China's Chang'e-6, the first spacecraft to return with a haul of rocks and dirt from the little-explored far side.
November's full moon, known as the Beaver Moon, is the last supermoon of 2024. Here's when it peaks and why it's called the Beaver Moon.
Medical issues aside, the astronauts described a water leak in June that triggered a blizzard in the International Space Station's airlock.
With an Election Day docking, the cargo ship delivered 3 tons of supplies and equipment, including an unusual wooden satellite.
Two sister meteor showers are already flashing across night skies — and will peak a week apart.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
See some of convicted serial killer Rodney Alcala's photographs that were discovered by detectives in a Seattle storage locker.
The seesaw marriage between the former ballerina and her much older husband only lasted four years, until she shot him on Sept. 27, 2020.
A look at the evidence in "The Dexter Killer" case; plus, newly revealed letters from the man police say wanted to be like fictional serial killer Dexter Morgan.
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.
President-elect Donald Trump has pledged to "drill, baby, drill" on Day 1 in office. CBS News national environmental correspondent David Schechter joins to take a closer look at the environmental impact of some of Trump's potential energy and climate policies.
There are signs of progress on at least one front of the conflict in the Middle East. CBS News senior foreign correspondent Elizabeth Palmer has the latest on reports of a cease-fire deal between Israel and Iran-backed Hezbollah in Lebanon.
Americans are bracing for President-elect Donald Trump's proposed tariff hikes on imported goods. CBS News MoneyWatch correspondent Kelly O'Grady looks at the potential economic impact. Then, small business owner Andy Gossett joins to discuss what the tariffs would mean for his outdoor sporting goods company.
At least two of President-elect Donald Trump's Cabinet picks are involved in controversy. Now there are questions about whether Matt Gaetz and Pete Hegseth have the support to get confirmed for their intended roles. CBS News congressional correspondent Nikole Killion has new reporting.
Spirit Airlines is filing for bankruptcy ahead of the busy holiday travel season. The budget airline has faced multiple setbacks recently, including rising labor costs and a failed merger with JetBlue. CBS News senior transportation correspondent Kris Van Cleave has more on what this means for travelers.