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.
President Biden and House Speaker Kevin McCarthy huddled yet again as the debt ceiling "X" date nears.
Even a short default could wipe out more than a million jobs, especially in parts of the U.S. that depend on federal spending.
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 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 meet on debt ceiling; SpaceX launches private flight to International Space Station.
McCarthy said Sunday that he had a "productive" call with Mr. Biden as the president returns from the G-7 conference in Japan.
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 migrant crisis; plus a conversation with former Defense Secretary Robert Gates.
House Speaker Kevin McCarthy said Sunday that he and President Joe Biden had a "productive" call,.
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.
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.
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.
Debt ceiling negotiations are at an impasse after Republican leaders walked out of a meeting with White House negotiators Friday and declared there would be no deal. In exchange for raising the limit, Republicans want cuts to federal spending. Christina Ruffini reports.
House Republicans led by Speaker Kevin McCarthy had said Friday afternoon they were hitting "pause" on negotiations to raise the nation's borrowing limit. But the White House has confirmed the talks are back on ahead of a June 1 deadline. CBS News chief White House correspondent Nancy Cordes has the latest.
Debt ceiling negotiations remain bumpy with less than two weeks to cut a deal. Republicans accuse the White House of being "unreasonable," which Biden's negotiating team disputes. CBS News congressional correspondent Nikole Killion reports.
"It's hard to overstate how bad it would be," one expert said. Everything from Social Security payments to your retirement fund could get hit.
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.
Negotiations over the debt ceiling have reached a standstill as the default deadline approaches. Republican Congressman Garret Graves says the decision was made to pause discussions earlier today. It's not clear when talks will resume. CBS News congressional correspondent Nikole Killion has more.
The House Freedom Caucus is demanding an end to debt ceiling talks until the Senate passes the GOP bill. Caucus chair Rep. Scott Perry joins to discuss why the group is taking the position.
The House speaker said negotiations are in "a much better place" than they were a week ago.
There's little evidence that work requirements for programs like food stamps or Medicaid actually boost employment, experts say.
Lawmakers are pushing a bipartisan bill that would block members of Congress from getting paid if the U.S. defaults on its debt or the government shuts down. This comes as the default deadline quickly approaches to raise the debt limit. CBS News congressional correspondent Scott MacFarlane has more on the proposal and other news from Capitol Hill.
As White House and Republican negotiators continue to work out a deal to raise the nation's debt limit, some Democrats are making a backup plan in case talks collapse. Meanwhile, House Republicans on Wednesday passed on an opportunity to expel embattled Rep. George Santos. CBS News congressional correspondent Nikole Killion reports from Capitol Hill.
President Biden has arrived in Japan for the G7 summit, but his foreign trip will be cut short so he can return to Washington to broker a deal on raising the debt ceiling. With only two weeks until the U.S. could run out money to pay its bills, the president's team continues negotiations with congressional leaders. Nikole Killion reports from Washington.
President Biden says he is confident about working out a deal with Republican lawmakers on the debt ceiling. CBS News senior White House and political correspondent Ed O'Keefe and CBS News congressional correspondent Scott MacFarlane report. Plus, South Dakota Republican Rep. Dusty Johnson discusses what he's looking for in a debt ceiling compromise.
Here's what Republicans and Democrats are demanding regarding the debt ceiling, and the red lines they're drawing.
House Republicans are trying to pass 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, Dec. 21, 2024. 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.
The mysterious drones seen flying over New Jersey and several other East Coast states have prompted a ban from the FAA.
In the U.S., the biggest polluters are often concentrated in underserved, mostly minority communities.
Former New York Gov. Andrew Cuomo filed a lawsuit Thursday against a former aide, Charlotte Bennett, who alleged he sexually harassed her in 2020.
During the holidays, there are 33 delivery planes a day which fly in and out of Anchorage, Alaska, carrying about 80,000 packages.
In the U.S., the biggest polluters are often concentrated in underserved, mostly minority communities.
The viral theory circulated even after the material was recovered last week.
ICE deported more than a quarter-million unauthorized immigrants in fiscal year 2024, the highest tally in a decade.
Just over 300 passengers and crew members fell ill during norovirus outbreaks on three cruise voyages in December.
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, Dec. 21, 2024. Here's what could be impacted.
Hostage envoy Roger Carstens is in Syria making the first known in-person U.S. in-person contact with the caretaker government and seeking help in finding missing American Austin Tice.
ICE deported more than a quarter-million unauthorized immigrants in fiscal year 2024, the highest tally in a decade.
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.
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.
Hostage envoy Roger Carstens is in Syria making the first known in-person U.S. in-person contact with the caretaker government and seeking help in finding missing American Austin Tice.
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.
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.
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 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.
The Environmental Protection Agency under President Biden created a new Office of Environmental Justice that seeks to address pollution levels in disadvantaged and marginalized communities. However, there is concern that the incoming Trump administration could do away with the new department. David Schechter reports.
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.
CBS News chief Washington correspondent Major Garrett analyzes President-elect Donald Trump's influence on his party and how it will impact the next four years. Garrett also breaks down Democratic losses and political polarization in the U.S.
The 15-year-old shooter who killed two people at a Wisconsin school Monday was found to have been in contact with a California man plotting his own attack, according to authorities and court documents. CBS News' Ian Lee has more.
The man accused of killing UnitedHealthcare CEO Brian Thompson, Luigi Mangione, is in New York City where he faces federal murder charges. He was extradited from Pennsylvania on Thursday. CBS News crime and public safety unit coordinating producer Anna Schecter has more.
The suspect in the slaying of UnitedHealthcare CEO Brian Thompson appeared in a federal courtroom Thursday in New York after being extradited from Pennsylvania. Along with the state charges, he now also faces federal murder charges. Lilia Luciano has details.
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.
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.
From a startup to a transformative tech leader, discover how talabat champions innovation, sustainability, and community connections in the MENA region
Here's a look at the top stories making headlines on the "CBS Evening News with Norah O'Donnell."
A new government funding bill proposed by Republican lawmakers and supported by President-elect Donald Trump failed Thursday in a House vote after a previous bipartisan agreement was scuttled Wednesday amid opposition from Trump. A Friday midnight deadline is looming to pass the bill, known as a continuing resolution, in order to avoid a government shutdown. Nikole Killion has the latest from Capitol Hill.
CBS News chief Washington correspondent Major Garrett analyzes President-elect Donald Trump's influence on his party and how it will impact the next four years. Garrett also breaks down Democratic losses and political polarization in the U.S.
President-elect Donald Trump said he will challenge a Biden-era deal allowing federal employees to work hybrid or remotely through 2029. Indeed Hiring Lab economist Allison Shrivastava joins "The Daily Report" to discuss why.