What to do with your money as the U.S. inches toward a debt default
Everything from the stock market to Social Security payments could be jolted if the U.S. defaults on its obligations.
Debt Ceiling
Debt negotiators clash over spending caps
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 sticking points in debt ceiling talks
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.
McCarthy says two sides far from debt deal
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.
Rep. Chip Roy on debt ceiling negotiations
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.
U.S. debt default would spark job losses
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.
5/23: CBS News Mornings
President Biden, Speaker McCarthy optimistic as negotiations continue and debt deadline looms; Heavy travel expected for Memorial Day weekend.
Biden, McCarthy show optimism on debt limit
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.
How a U.S. default would hurt small business
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.
"Productive" debt talks continue
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.
Biden and McCarthy resume debt ceiling talks
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.
Ohio Rep. David Joyce on debt ceiling talks
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.
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.
Biden, McCarthy meet one-on-one
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 meet on debt ceiling
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.
If the U.S. breaches the debt ceiling, these states would feel it most
Even a short default could wipe out more than a million jobs, especially in parts of the U.S. that depend on federal spending.
5/22: CBS News Mornings
Biden and McCarthy to meet on debt ceiling; SpaceX launches private flight to International Space Station.
Debt limit negotiators seemingly miles apart
The clock is ticking on the possibility of reaching a deal on the debt ceiling. President Biden and House Speaker McCarthy meet again Monday for negotiations. But there is still a lot of ground to cover. CBS News chief White House correspondent Nancy Cordes has more.
Debt ceiling talks continue as Biden returns
Debt ceiling negotiations continued over the weekend between White House negotiators and Republicans on Capitol Hill. President Biden returned to Washington on Sunday, where he is expected to meet with House Speaker Kevin McCarthy on Monday after a tumultuous weekend of on-again off-again talks. Chief White House correspondent Nancy Cordes reports from the White House.
Biden and McCarthy to resume talks Monday as debt default deadline looms
McCarthy said Sunday that he had a "productive" call with Mr. Biden as the president returns from the G-7 conference in Japan.
Fitzpatrick on debt default date
Reps. Brian Fitzpatrick, Republican of Pennsylvania, and Josh Gottheimer, Democrat of New Jersey, join "Face the Nation" as the U.S. heads closer to the debt default date of June 1. Fitzpatrick said the "math tells us there is a little bit of wiggle room" on that date, but Gottheimer said "we have to presume" that June 1 is the hard default date.
Open: This is "Face the Nation with Margaret Brennan"
This week on "Face the Nation with Margaret Brennan," House Problem Solvers Caucus chairs Reps. Brian Fitzpatrick and Josh Gottheimer discuss the debt ceiling talks; New York City Mayor Eric Adams discusses the debt ceiling crisis; plus a conversation with former Defense Secretary Robert Gates.
GOP Rep. says "there is a little bit of wiggle room" on default date
House Speaker Kevin McCarthy said Sunday that he and President Joe Biden had a "productive" call,.
Still no deal in debt ceiling standoff
Following several meetings Friday, White House negotiators and Republican congressional leaders left the Capitol without an agreement on solving the nation's debt ceiling crisis. President Biden is expected to cut short his Asia-Pacific trip to return to Washington to address the issue. Christina Ruffini has the latest.
Impasse continues in negotiations over debt ceiling crisis
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.
Live
Iran says Strait of Hormuz will be "completely closed" if Trump delivers on threats
President Trump's threat came after CENTCOM's commander said that Iran's ability to threaten the Strait of Hormuz had been "degraded."
Poll: Most say Iran war not going well, but don't want regime left in power
Most Republicans, especially MAGA, continue to support the US action and express a lot of confidence in Trump personally.
Trump says ICE agents will assist TSA at airports as delays worsen
Wait times aren't expected to improve until government funding is restored and TSA officers receive paychecks.
Senate advances Markwayne Mullin's nomination for DHS secretary
In a 54 to 37 vote, two Democrats voted with all Republicans in attendance to advance Sen. Markwayne Mullin's nomination. A final confirmation vote is expected in the coming days.
Waltz: "Never take anything off the table" on U.S. hitting Iran plants
UN Secretary-General António Guterres said last week that an attack on energy infrastructure from either side could constitute a war crime.
Officials scramble to carry out Trump's directive on ICE agents at airports
President Trump said Immigration and Customs Enforcement agents will assist TSA agents at airports as delays and security staffing shortages continue to worsen.
Trump administration says it is ready to deport Abrego Garcia to Liberia
The Trump administration has asked a federal judge to dissolve her order preventing ICE from deporting Kilmar Abrego Garcia to Liberia.
Cory Booker: "We, the people, are the heroes this country needs"
The New Jersey Senator has been a face of the Democratic Party's resistance to the Trump administration. He expresses his hopes for our nation in a new book, "Stand," in which he encourages Americans to stand together, reminding us of our shared virtues.
More than 230 rescued amid severe floods in Hawaii; more rain expected
Raging waters lifted homes and cars and prompted evacuation orders for 5,500 people north of Honolulu, though they were later lifted.
U.S.
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Savannah Guthrie renews plea for clues in mother's disappearance
"Today Show" co-host Savannah Guthrie is renewing pleas to residents of Tucson, Arizona, to jog their memories in the hopes of sparking new leads in the disappearance of her mother, Nancy.
Officials scramble to carry out Trump's directive on ICE agents at airports
President Trump said Immigration and Customs Enforcement agents will assist TSA agents at airports as delays and security staffing shortages continue to worsen.
Full transcript of "Face the Nation with Margaret Brennan," March 22, 2026
On this "Face the Nation with Margaret Brennan" broadcast, U.N. Ambassador Mike Waltz and NATO Secretary General Mark Rutte join Margaret Brennan.
Waltz: "never take anything off the table" on U.S. hitting Iran plants
UN Secretary-General António Guterres said last week that an attack on energy infrastructure from either side could constitute a war crime.
Fentanyl found inside Barbies sold at Missouri discount store, police say
Police found that five Barbie packages containing fentanyl were sold. They have all been recovered.
MoneyWatch
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Jury finds Elon Musk liable for misleading investors during Twitter purchase
A jury has found Elon Musk liable for misleading investors by deliberately driving down Twitter's stock price in the tumultuous months leading up to his 2022 acquisition of the social media company.
CBS News Radio to shut down after nearly a century of broadcasting
CBS News announced Friday that CBS News Radio will be shutting down this spring after nearly 100 years of broadcasting, citing "challenging economic realities."
Getting ready to fly? Here are 3 ways to track TSA wait times.
Security lines are stretching up to 2 hours at some airports amid TSA staffing shortages. Here's how to check wait times before you leave.
Are the Trump administration's efforts to lower oil and gas prices working?
With gas closing in on $4 a gallon, the Trump administration is pulling multiple levers to tame energy prices. The results have been mixed.
Nearly 90,000 bottles of children's ibuprofen recalled across the U.S.
A pharmaceutical company issued the recall after receiving complaints of "gel-like mass and black particles" in the product, the FDA said.
Politics
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Officials scramble to carry out Trump's directive on ICE agents at airports
President Trump said Immigration and Customs Enforcement agents will assist TSA agents at airports as delays and security staffing shortages continue to worsen.
Full transcript of "Face the Nation with Margaret Brennan," March 22, 2026
On this "Face the Nation with Margaret Brennan" broadcast, U.N. Ambassador Mike Waltz and NATO Secretary General Mark Rutte join Margaret Brennan.
Waltz: "never take anything off the table" on U.S. hitting Iran plants
UN Secretary-General António Guterres said last week that an attack on energy infrastructure from either side could constitute a war crime.
Senate advances Markwayne Mullin's nomination for DHS secretary
In a 54 to 37 vote, two Democrats voted with all Republicans in attendance to advance Sen. Markwayne Mullin's nomination. A final confirmation vote is expected in the coming days.
Transcript: U.N. Ambassador Mike Waltz on "Face the Nation with Margaret Brennan," March 22, 2026
The following is the transcript of the interview with Mike Waltz, U.S. ambassador to the U.N., that aired on "Face the Nation with Margaret Brennan" on March 22, 2026.
HealthWatch
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More parents are refusing routine newborn preventative care, study finds
Doctors fear that skepticism, fueled by anti-science sentiment and mistrust, is extending beyond vaccines to other proven, routine care.
Complex procedure saves officer with chest pain, heart condition
Transit Officer Paul DeGeorge thought his son was lying on him. Then he realized something much scarier was happening.
Judge blocks parts of RFK Jr.'s vaccine agenda, including revised schedule
A judge blocked a set of changes to the childhood vaccine schedule recommended by allies of Health and Human Services Secretary Robert F. Kennedy, dealing a setback to the Trump administration's efforts to overhaul federal vaccine policy.
Changes in organ donor status can fall through cracks in the system
Patchwork state policies and limited federal oversight have led to a fragmented system for tracking organ donor status.
A dad's colon cancer spread to lungs. He says what happened next was a miracle.
Spencer Laird was diagnosed with colon cancer at 26. At 30, he was told it had returned and spread to his lungs, with one tumor the size of a golf ball.
World
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Cuba begins to restore electricity after nationwide power grid collapse
Cuba has begun restarting its power grid after another nationwide blackout left millions without electricity.
Transcript: U.N. Ambassador Mike Waltz on "Face the Nation with Margaret Brennan," March 22, 2026
The following is the transcript of the interview with Mike Waltz, U.S. ambassador to the U.N., that aired on "Face the Nation with Margaret Brennan" on March 22, 2026.
Transcript: Rep. Jason Crow on "Face the Nation with Margaret Brennan," March 22, 2026
The following is the transcript of the interview with Rep. Jason Crow, Democrat of Colorado, that aired on "Face the Nation with Margaret Brennan" on March 22, 2026.
Transcript: NATO Secretary General Mark Rutte on "Face the Nation with Margaret Brennan," March 22, 2026
The following is the transcript of the interview with NATO Secretary General Mark Rutte that aired on "Face the Nation with Margaret Brennan" on March 22, 2026.
Poll: Most say Iran war not going well, but don't want regime left in power
Most Republicans, especially MAGA, continue to support the US action and express a lot of confidence in Trump personally.
Entertainment
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Lisa Kudrow on making "The Comeback"
In 2005, the "Friends" star played Valerine Cherish, a washed-up sitcom actress, in the HBO comedy "The Comeback." The show was cancelled, but it earned a cult following, and returned in 2014. Now, "The Comeback" is itself making a comeback.
Extended interview: Lisa Kudrow
In this web exclusive, Emmy-winning actress Lisa Kudrow talks with Tracy Smith about "Friends," and her HBO show "The Comeback."
Lisa Kudrow on making "The Comeback"
"Friends" star Lisa Kudrow played a washed-up sitcom actress, Valerie Cherish, in the 2005 HBO comedy "The Comeback." The show was cancelled, but it earned a cult following, and then returned in 2014. Now, "The Comeback" is itself making a comeback for a third season. Kudrow talks with correspondent Tracy Smith about her love for playing Phoebe Buffay; her aptitude for "cringe comedy"; and how she found solace following the death of "Friends" castmate Matthew Perry.
Chef Ruthie Rogers on the comforts of food and conversation
The River Cafe in London has had a Michelin star since the late 1990s, thanks to co-founder, owner, acclaimed chef and podcaster Ruthie Rogers, whose new book, "Table 4 at the River Cafe," celebrates conversations and comfort food.
Chef Ruthie Rogers: Food and conversation
The River Cafe in London has had a Michelin star since the late 1990s, thanks to co-founder, owner and acclaimed chef Ruthie Rogers. Seth Doane talks with the American-born Rogers about her fabled Italian restaurant, her new book, "Table 4 at the River Cafe," and her podcast, all of which celebrate the connections brought about by conversations and comfort food.
Technology
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How iNaturalist app users have fun while aiding science
The iNaturalist cellphone app not only helps users identify plant, animal and insect species; it also provides invaluable data to scientists studying biodiversity, species decline, and habitat loss - and, as Martha Stewart discovers, it's fun!
How a fun nature app aids science
The iNaturalist cellphone app not only helps users identify plant, animal and insect species; it also provides invaluable data to scientists studying biodiversity, species decline, and habitat loss. It also provides opportunities for fun: David Pogue joins iNaturalist fan Martha Stewart in a "bioblitz" – a timed competition with other users to spot and ID species.
How AI powered robots are helping small farms
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.
Jury finds Elon Musk liable for misleading investors during Twitter purchase
A jury has found Elon Musk liable for misleading investors by deliberately driving down Twitter's stock price in the tumultuous months leading up to his 2022 acquisition of the social media company.
White House unveils AI framework for Congress
The White House unveiled a national framework for how it wants Congress to address concerns about artificial intelligence. Technology journalist Jacob Ward joins CBS News to discuss the outline and AI concerns.
Science
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Science
How a fun nature app aids science
The iNaturalist cellphone app not only helps users identify plant, animal and insect species; it also provides invaluable data to scientists studying biodiversity, species decline, and habitat loss. It also provides opportunities for fun: David Pogue joins iNaturalist fan Martha Stewart in a "bioblitz" – a timed competition with other users to spot and ID species.
Discovery of 1949 whale recording could unlock mysteries of ocean
The song is that of a humpback whale and was recorded by scientists in March 1949 in Bermuda, researchers said.
Sea levels higher than thought due to "methodological blind spot," study says
A new study in the journal Nature says most sea level rise research may have underestimated coastal water heights by an average of 1 foot.
NASA announces major overhaul of Artemis moon program "to take down risk"
NASA Administrator Jared Isaacman announced significant changes to the agency's Artemis program, which aims to land on the moon in 2028.
What scientists will be looking for when government UFO files are released
Documents might help scientists shed light on unexplained phenomena and government secrets, experts said.
Crime
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Fentanyl found inside Barbies sold at Missouri discount store, police say
Police found that five Barbie packages containing fentanyl were sold. They have all been recovered.
Couple on unusual activity at neighbor's home: "I think they finally killed him"
When Gary Herbst, described by his Minnesota neighbors as confrontational, disappeared on July 8, 2013, it appeared he walked out on his wife and teenage son. Years later, a startling discovery would confirm what neighbors thought they might have witnessed.
Wife of Joseph Duggar charged with child endangerment after his arrest
Kendra Duggar was charged with multiple misdemeanors a day after husband Joseph Duggar's arrest.
5 more defendants plead guilty in Feeding Our Future fraud scheme
Five people who were charged in connection to the Feeding Our Future scheme pleaded guilty to wire fraud this week.
See police bodycam video of Justin Timberlake's DWI arrest on Long Island
Bodycam video footage of Justin Timberlake's June 2024 DWI arrest on Long Island was released to the media Friday.
Space
More Space
Possible meteorite crashes into Houston area home, officials say
A possible meteorite crashed into a Houston area house on Saturday night, tearing through the roof and two stories of the home, officials said.
Eileen Collins on breaking barriers in space
Retired NASA astronaut and Air Force Col. Eileen Collins joins "CBS Saturday Morning" to discuss her groundbreaking journey to become the first woman to pilot the Space Shuttle and the first to command a Space Shuttle mission.
Repaired moon rocket heads back to launch pad for April 1 blastoff
After a trip back out to the launch pad, NASA's Artemis II rocket will be readied for a historic flight to the moon.
Video shows meteor streaking across the sky
A meteoroid was spotted streaking across the sky in 10 states. In some areas, there was also a loud boom, similar to an explosion. NASA says the meteor, which was traveling 45,000 mph in the sky, fragmented - causing the bright fireball and loud boom.
7-ton meteor identified as likely cause of boom heard across Ohio
Some residents immediately feared the sound was an explosion, according to CBS affiliate WOIO, but weather service officials say it appears to have been a meteor.
Latest Galleries
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Notable Deaths in 2026
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Evidence in the Barbara Kendhammer case
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
The life & near death of prizefighter Christy Salters-Martin
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Who is Alix Tichelman?
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Latest CBS News Videos
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Latest CBS News Videos
Crow on Iran war funding
Democratic Rep. Jason Crow of Colorado, an Afghan war veteran, told "Face the Nation with Margaret Brennan" that he would not support an Iran war supplemental before Congress, but pushed back against the suggestion that he does not support the troops. "What I'm not going to do is just throw money at the Iran war," Crow added.
Face the Nation: Crow, Grossi, Salvanto
Missed the second half of the show? Rep. Jason Crow, Rafael Grossi and Anthony Salvanto join. Plus, two Iranian-American detainees join a panel discussion.
Ex-detainees on Americans imprisoned in Iran
With at least four Americans believed to be detained in Iranian prisons, former detainees Siamak Namazi and Emad Shargi, who were held in Iran's notorious Evin prison, CBS News contributor and formerly the U.S. Special Envoy for Hostage Affairs Roger Carstens, and Shargi's sister Neda Sharghi joined "Face the Nation with Margaret Brennan" to discuss the situation.
CBS News poll on Iran war, economy
Americans voice a range of goals for the U.S. in Iran, including that it is important to stop Iran's nuclear program, make sure the Iranian people are safe and free -- but also, for most, to end the conflict as quickly as possible, CBS News director of elections and surveys Anthony Salvanto says.
IAEA director on destroying Iran's nuclear
Rafael Grossi, the International Atomic Energy Agency director, told "Face the Nation with Margaret Brennan" that he doesn't think "any war" would destroy Iran's nuclear ambitions "unless it was nuclear war, and you go for destruction in an unfathomable way, which we hope, of course, will never be the case."