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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.
The U.S. could run out of money to pay its bills as soon as June 1 if a debt limit deal isn't reached. This could delay social security, medical and food assistance and potentially cost millions of jobs. Nikole Killion reports from Washington.
Debt ceiling negotiators met again Wednesday with just about a week to go until the Treasury's default deadline. House Speaker Kevin McCarthy said the two sides are "still far apart." CBS News congressional correspondent Nikole Killion has the latest.
Debt ceiling negotiations remain at a stalemate. Officials on both sides remain far apart on their demands, according to House Speaker Kevin McCarthy. CBS News congressional correspondent Nikole Killion has the latest.
Officials on both sides of the aisle are continuing negotiations over the nation's borrowing limit. Treasury Secretary Janet Yellen warns the U.S. risks defaulting on its debt as early as June 1, just a week away. CBS News congressional correspondent Scott MacFarlane has more from Capitol Hill.
House Speaker Kevin McCarthy addressed reporters Wednesday, blaming Democrats for the debt ceiling impasse. He argued Democrats could have raised the debt limit before he became speaker.
Republicans are demanding spending cuts in any bill raising the debt ceiling and Speaker Kevin McCarthy says he won't bring a clean bill to raise the debt limit to the House floor. CBS News' Anne-Marie Green has a look at what the demands are and the potential impacts on the economy.
Everything from the stock market to Social Security payments could be jolted if the U.S. defaults on its obligations.
With a default deadline looming, CBS News business analyst Jill Schlesinger joins "CBS Mornings" to discuss what's exactly at stake and how it could impact Americans.
Negotiations on the debt ceiling stalled Tuesday as the White House and House Republicans remain divided over spending cuts. Discussions ended late Tuesday and economists warn that the stock market could crash and the economy may experience a severe recession if no agreement is reached and the United States defaults on its debt. Congressional correspondent Scott MacFarlane reports from Washington.
House Speaker Kevin McCarthy says he and President Biden are still not close to a deal on the debt ceiling. Jeff Stein, White House economics reporter for the Washington Post, joins CBS News to break down how the Biden administration is weighing the risks of default and its political priorities.
Despite the ever-shrinking timeline until the U.S. defaults on its debts, House Speaker Kevin McCarthy told reporters Tuesday he still thinks a deal is possible. But he also made clear there's still work to be done. CBS News congressional correspondent Nikole Killion reports from Capitol Hill.
The House Freedom Caucus has called for "no further discussion" on raising the debt ceiling until the Senate passes the bill that House Republicans approved in late April. Rep. Chip Roy joins to discuss what kind of deal his fellow House Freedom Caucus members would accept.
One day after President Biden and House Speaker Kevin McCarthy called their meeting at the White House "productive," McCarthy made clear Tuesday that the two sides are still nowhere near an agreement. CBS News senior White House correspondent Weijia Jiang and CBS News congressional correspondent Nikole Killion report from Capitol Hill.
About 1.5 million Americans are projected to be out of a job if the U.S. has a short-term default on its debt. That would happen within just one week of breaching the ceiling. Right now, the U.S. is on track to run out of credit June 1. Irina Ivanova, associate managing editor of CBS MoneyWatch, has more.
As President Biden and congressional Republicans try to reach a deal on the debt ceiling, small businesses are raising concerns about how a potential default could impact them -- especially if they rely on government contracts. Many are already struggling due to high inflation and the failure of some regional banks. Javier David, the managing editor for business and markets at Axios and a CBS News contributor, joins us with more.
President Biden met again with House Speaker Kevin McCarthy Monday over the looming debt ceiling crisis. Despite describing their negotiations as "productive," McCarthy says he and the president are "still apart" on the terms of a deal. CBS News chief White House correspondent Nancy Cordes and CBS News congressional correspondent Nikole Killion have more.
President Biden and House Speaker Kevin McCarthy will continue to meet daily to discuss the debt ceiling as the deadline looms. It is nine days away. The White House and Republicans are haggling over spending cuts, while Americans worry a possible default could impact their financial futures. CBS News chief White House correspondent Nancy Cordes reports from the White House.
President Biden, Speaker McCarthy optimistic as negotiations continue and debt deadline looms; Heavy travel expected for Memorial Day weekend.
President Biden and House Speaker Kevin McCarthy met about the debt ceiling at the White House less than two weeks before the default deadline. CBS News senior White House and political correspondent Ed O'Keefe and CBS News congressional correspondent Nikole Killion report.
President Biden welcomed House Speaker Kevin McCarthy to the White House Monday to try and iron out a debt limit deal. CBS News senior White House correspondent Weijia Jiang reports.
We're now less than two weeks away from the Treasury's default deadline. Ohio Republican Rep. David Joyce, member of the House Appropriations Committee, joins to discuss the status of debt ceiling negotiations and the failed vote to expel George Santos.
President Biden and House Speaker McCarthy met Monday to try to reach a deal on raising the debt ceiling. McCarthy, who is demanding drastic spending cuts, said he was optimistic a compromise could be reached. Weijia Jiang has the latest.
Biden & McCarthy to meet on debt ceiling; What to expect from Sen. Tim Scott's 2024 bid
House Republicans are moving forward with a new plan to keep the government funded through the spring.
Luigi Mangione faces four new federal charges, including murder, which could make him eligible for the death penalty. He is also facing multiple state charges.
The U.S. government could face a shutdown at 12:01 a.m. on Saturday, December 21. Here's what could be impacted.
President-elect Donald Trump Trump said lawmakers should oppose any sweeping spending measure that includes "traps" and abolish the debt limit before he takes office next year.
Two IRS agents have accused Hunter Biden's lawyer of defamation.
President-elect Donald Trump was charged in a sprawling racketeering case related to the 2020 election.
Some 13 oz. bags of Lay's Classic Potato Chips may contain undeclared milk, according to snack company.
Former New York Gov. Andrew Cuomo filed a lawsuit Thursday against a former aide, Charlotte Bennett, who alleged he sexually harassed her in 2020.
A California judge issued a restraining order Tuesday against a 20-year-old man who told FBI agents that he had been messaging with the Wisconsin shooter.
A look at the features for this week's broadcast of the Emmy-winning program, hosted by Jane Pauley.
A Chicago man was stuck with a big medical bill after undergoing a colonoscopy that found no evidence of cancer. Here's why.
The bankrupt discount retail chain plans to liquidate after a deal with a prospective buyer collapsed.
West Virginia Sen. Joe Manchin told "Face the Nation with Margaret Brennan" he expects the tense negotiations on funding the government will end without a shutdown.
Some 13 oz. bags of Lay's Classic Potato Chips may contain an undeclared allergen, according to the snack company.
A Chicago man was stuck with a big medical bill after undergoing a colonoscopy that found no evidence of cancer. Here's why.
The bankrupt discount retail chain plans to liquidate after a deal with a prospective buyer collapsed.
Some 13 oz. bags of Lay's Classic Potato Chips may contain an undeclared allergen, according to the snack company.
The large semi-aquatic South American relative of the guinea pig is having a big moment.
The U.S. government could face a shutdown at 12:01 a.m. on Saturday, December 21. Here's what could be impacted.
Former New York Gov. Andrew Cuomo filed a lawsuit Thursday against a former aide, Charlotte Bennett, who alleged he sexually harassed her in 2020.
West Virginia Sen. Joe Manchin told "Face the Nation with Margaret Brennan" he expects the tense negotiations on funding the government will end without a shutdown.
Two IRS agents have accused Hunter Biden's lawyer of defamation.
President-elect Donald Trump added a wrinkle to negotiations over a deal to fund the government when he called for an increase to the debt ceiling.
President-elect Donald Trump Trump said lawmakers should oppose any sweeping spending measure that includes "traps" and abolish the debt limit before he takes office next year.
A Chicago man was stuck with a big medical bill after undergoing a colonoscopy that found no evidence of cancer. Here's why.
Some 13 oz. bags of Lay's Classic Potato Chips may contain an undeclared allergen, according to the snack company.
Sleep optimization, or "sleepmaxxing," is a popular trend among a younger demographic, but experts share a few words of caution.
Products sold as tabletop firepits, firepots, miniature fireplaces or portable fires for indoor use are "extremely dangerous," consumer agency warns.
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.
In a rare moment of access to the war-ravaged Palestinian territory, CBS News visited a critical aid distribution center just inside the Gaza Strip.
As 2024 comes to a close, we took a look at some of the oddest Guinness World Records of the year.
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.
The 16-time Grammy winner returned to the Professional Performing Arts School in New York, where she first began her career, and shares advice with current students.
As 2024 comes to a close, we took a look at some of the oddest Guinness World Records of the year.
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.
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.
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 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, the suspect in the fatal shooting of UnitedHealthcare CEO Brian Thompson, appeared before a federal judge Thursday in New York. CBS News' Anna Schecter has more.
Luigi Mangione, the man accused of killing UnitedHealthcare CEO Brian Thompson, is now facing four new federal charges for the shooting. CBS News legal contributor Jessica Levinson has more.
Luigi Mangione, the man accused of fatally shooting UnitedHealthcare CEO Brian Thompson, has arrived in New York to face murder charges. CBS News legal contributor Caroline Polisi has more on the new federal charges Mangione is facing.
Luigi Mangione was charged with four federal crimes Thursday in the killing of UnitedHealthcare CEO Brian Thompson. The federal charges are significant because they open the possibility of him facing the death penalty.
The suspected gunman in the murder of UnitedHealthcare CEO Brian Thompson, Luigi Mangione, arrived in New York by plane Thursday after waiving extradition in Pennsylvania.
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.
Republican Rep. Rich McCormick of Georgia joins "America Decides" to discuss if he will support the Republican's new spending deal.
In an interview airing Sunday on "Face the Nation," outgoing independent Sen. Joe Manchin spoke to moderator Margaret Brennan about government funding and Elon Musk's influence on Congress.
After a day of wrangling, Republican lawmakers say they have a deal to prevent the government from shutting down in just over 24 hours. Republican Rep. Stephanie Bice told reporters that President-elect Donald Trump will support the bill. CBS News' Nikole Killion and Caitlin Huey-Burns report on the deal and Trump's influence on it.
The TSA expects to screen about 40 million travelers at airports across the country between Thursday and January 2, a 6.2% increase from last year. CBS News national correspondent Manuel Bojorquez has more.
Former Maryland Governor Martin O'Malley, now a candidate for chair of the Democratic National Committee, spoke with CBS News about the 2024 election results, saying his party needs to learn from a "very bad loss." CBS News political reporter Hunter Woodall has more.