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Yellen lands in Beijing for high-stakes meetings
Treasury Secretary Janet Yellen is the second top-ranking Biden administration official to visit China in recent weeks.
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Treasury Secretary Janet Yellen is the second top-ranking Biden administration official to visit China in recent weeks.
U.S. Treasury Secretary Janet Yellen arrived in China earlier Thursday morning. During her trip, she will meet with Chinese senior officials as well as U.S. firms doing business in the country. Her trip is part of an effort to relieve strained economic relations between the two world powers. CBS News senior foreign correspondent Elizabeth Palmer is following it all from Beijing.
U.S. Treasury Secretary Janet Yellen is in Beijing in an effort to revive relations between the U.S. and China. Yellen's trip is scheduled until July 9. Elizabeth Palmer reports.
The Biden administration is moving to restrict Chinese companies from accessing U.S. cloud-computing services ahead of Treasury Secretary Janet Yellen's trip to Beijing. Earlier this week, China imposed restrictions on the exports of two minerals used in advanced chip manufacturing. Robert Ross, non-resident fellow at the Quincy Institute, joins CBS News to discuss what the U.S. stands to gain from Yellen's visit.
Treasury Secretary Janet Yellen is traveling to China in an attempt to ease tensions on a range of economic and security issues. CBS News reporter Sarah Ewall-Wice has more.
Treasury Secretary Janet Yellen will visit China on Thursday as part of an ongoing push from the U.S. to try and stabilize relations with Beijing. Yellen will meet with senior Chinese officials and leaders of U.S. companies operating in China. CBS News reporter Sarah Ewall-Wice joins to discuss the main priorities of Secretary Yellen's visit.
Janet Yellen's trip comes on the heels of Secretary of State Antony Blinken's trip to China in June.
The House passed the bill to raise the debt ceiling Wednesday. Now, the Senate will take it up.
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.
President Biden and congressional leaders met again Tuesday, but still have not reached a deal on raising the debt limit. Treasury Secretary Janet Yellen warns the U.S. may not be able to pay its bills as early as June 1. Ed O'Keefe reports.
Secretary Janet Yellen told Congress Monday that the Treasury Department has already seen borrowing costs "increase substantially" for securities maturing in early June.
President Biden and congressional leaders postponed a meeting scheduled for Friday on the debt ceiling, but talks were ongoing between White House staff and aides to the lawmakers. CBS News reporter Sarah Ewall-Wice joined Anne-Marie Green to discuss the latest in the discussions.
Millions of Social Security recipients "need to be very careful" about spending because payments could be delayed, one expert said.
Economic data released Thursday shows that U.S. wholesale price increases decelerated in April and unemployment claims increased in the week ending May 6. Meanwhile, Treasury Secretary Janet Yellen warns that if the U.S. defaults on its debt, it could threaten the global economy. Jeanna Smialek, a Federal Reserve and economy reporter at the New York Times, joins CBS News to discuss.
The treasury secretary also told G-7 finance ministers and central bank chiefs meeting in Japan that a first-ever U.S. default on its debts is "unthinkable."
A union representing federal employees is calling the law governing the debt limit unconstitutional in a new lawsuit.
Treasury Secretary Janet Yellen said last week that the U.S. could default on its debt obligations as soon as June 1. House Financial Services Committee chair Rep. Patrick McHenry says Republicans have no "red lines" in negotiations, "other than that we have to address our fiscal house at a time when federal spending is up more than 40% from pre-COVID levels."
As Congress and the White House face down a deadline to raise the debt ceiling, the U.S. moves closer to a possible default. CBS News' Errol Barnett has a look at why the U.S. handles its debt differently than any other nation.
A Senate committee is holding a hearing Thursday on a bill passed by House Republicans to raise the debt ceiling and slash trillions of dollars in government spending. CBS News congressional correspondent Nikole Killion discusses the ongoing debt limit debate following Treasury Secretary Janet Yellen's warning that the U.S. could default on its debt as early as June 1.
Ninety percent of small business owners want the government to avoid default, according to one survey.
A decision is expected Wednesday from the Federal Reserve on whether to raise interest rates again. CBS News reporter Sarah Ewall-Wice joined CBS News' Anne-Marie Green to discuss what to expect from the Fed and what Democratic lawmakers could do in regard to interest rates.
President Biden invited congressional leaders to a meeting next week to discuss the debt ceiling. Treasury Secretary Janet Yellen said the U.S. government might not be able to pay its bills by June 1 if Congress does not raise or suspend the debt limit. Nancy Cordes reports from the White House.
Treasury Secretary Janet Yellen says the U.S. could run out of cash to pay its bills as soon as next month. In a letter sent to lawmakers Monday, Yellen said, "we will be unable to continue to satisfy all of the government's obligations by early June, and potentially as early as June 1, if Congress does not raise or suspend the debt limit before that time." CBS News congressional correspondent Scott MacFarlane has more.
The treasury secretary moved up her estimate of when the U.S. risks defaulting on its debt.
Banks, airlines and other Microsoft clients grapple with global outages due to a CrowdStrike software issue.
"I am not supposed to be here tonight," former President Donald Trump said. "I stand before you in this arena only by the grace of almighty God."
The Wall Street Journal calls reporter Evan Gershkovich's conviction on spying charges in Russia "bogus," but it may clear the way for a prisoner swap.
Two senior House Democrats believe Biden could leave the 2024 presidential race within days after a pressure campaign from top Democratic lawmakers.
More than 1,000 flights had been canceled in the U.S. as of Friday morning, and airlines are warning of disruptions throughout the day.
Some of traditionally liberal Silicon Valley's biggest names are backing Trump.
An advocacy group called the photos evidence that logging concessions are "dangerously close" to the tribe's territory.
The outages Friday were connected to "a defect found in a single content update for Windows hosts," CrowdStrike CEO George Kurtz said in a statement.
Weisselberg was sentenced in April to five months in Rikers Island, in line with a plea agreement over his alleged perjury in a 2023 civil fraud case.
The outages Friday were connected to "a defect found in a single content update for Windows hosts," CrowdStrike CEO George Kurtz said in a statement.
Customers expecting deliveries on Friday could face a wait following a software outage that's impacting flights across the globe.
Shannen Doherty had accused Kurt Iswarienko of prolonging the divorce so he didn't have to pay spousal support.
John Carter was charged with two counts of murder in relation to the death of his fiancée Katelyn Markham.
More than 1,000 flights had been canceled in the U.S. as of Friday morning, and airlines are warning of disruptions throughout the day.
The outages Friday were connected to "a defect found in a single content update for Windows hosts," CrowdStrike CEO George Kurtz said in a statement.
Customers expecting deliveries on Friday could face a wait following a software outage that's impacting flights across the globe.
More than 1,000 flights had been canceled in the U.S. as of Friday morning, and airlines are warning of disruptions throughout the day.
Some of traditionally liberal Silicon Valley's biggest names are backing Trump.
Although Donald Trump vows to bring U.S. prices down "very quickly," some economists say his policies could rekindle inflation. Here's what to know.
Republicans were once the party of Obamacare repeal and abortion opposition. They've said little about either issue in Milwaukee.
Weisselberg was sentenced in April to five months in Rikers Island, in line with a plea agreement over his alleged perjury in a 2023 civil fraud case.
Trump officially became the GOP's 2024 presidential nominee at the Republican National Convention. Here are the top highlights.
Some of traditionally liberal Silicon Valley's biggest names are backing Trump.
Although Donald Trump vows to bring U.S. prices down "very quickly," some economists say his policies could rekindle inflation. Here's what to know.
Republicans were once the party of Obamacare repeal and abortion opposition. They've said little about either issue in Milwaukee.
The now-recalled Diamond Shruumz gummies had been sold legally, but testing found they contained an illegal controlled substance.
Citing suspected links to a listeria outbreak, Canada's health agency has issued a recall notice for 18 plant-based drinks sold under the Silk and Great Value brands.
President Biden has tested positive for COVID-19, prompting an array of questions about his health and condition. Here's what we know so far.
Public safety and health care organizations are using drones to speed up lifesaving treatment during medical emergencies in which every second counts.
Bangladeshi authorities have cut phone and internet services and TVs have gone dark amid violent clashes between student protesters and police.
An advocacy group called the photos evidence that logging concessions are "dangerously close" to the tribe's territory.
The Wall Street Journal calls reporter Evan Gershkovich's conviction on spying charges in Russia "bogus," but it may clear the way for a prisoner swap.
What to know as banks, airlines and other Microsoft clients grapple with global outages due to a CrowdStrike software issue.
Israel's military says a drone attack launched from Yemen has killed 1 person in Tel Aviv and left at least 8 others wounded.
After the success of "Heat Waves," Dave Bayley opens up about his struggles and the creative process behind Glass Animals' new album, "I Love You So F***ing Much."
Glass Animals, famed for their hit "Heat Waves," recently released their latest album. Anthony Mason catches up with the band in London, revisiting the street where their success story started.
Sarah Gelman, editorial director for Amazon Books, joins "CBS Mornings" with must-read book recommendations for the summer.
Shannen Doherty had accused Kurt Iswarienko of prolonging the divorce so he didn't have to pay spousal support.
Bob Newhart, a groundbreaking standup who became a sitcom star, died Thursday at 94. Starting in the 1960s, he was hugely popular, first with his best-selling comedy albums, then on the CBS comedies that bore his name. His work influenced generations of comedians.
The outages Friday were connected to "a defect found in a single content update for Windows hosts," CrowdStrike CEO George Kurtz said in a statement.
A worldwide computer outage, centered on Microsoft, has grounded flights and disrupted businesses. Some TV channels have been knocked off the air as IT experts scramble to fix it.
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.
New York Times technology reporter Adam Satariano explains the impact and risks of the computer outage that is centered on Microsoft and what users can expect.
What to know as banks, airlines and other Microsoft clients grapple with global outages due to a CrowdStrike software issue.
Experts say the surging demand for energy in the U.S. is forecast to hit record-highs both this year and next year, straining the country's aging power grid and creating more planet-warming emissions. Part of the demand is from a growing number of data centers across the nation and the rise of artificial intelligence.
The melting of glaciers and polar ice sheets causes water to move closer to the equator, fattening the planet and slowing its rotation, according to a recent study.
Spade-toothed whales are the world's rarest, with no live sightings ever recorded. Until, perhaps, now. One may have washed up onto a New Zealand beach.
Symptoms among the new bird flu cases included "fever, chills, coughing and sore throat/runny nose," alongside pink eye and eye tearing, a CDC spokesperson confirmed Monday.
The image released Friday depicts two merging galaxies, nicknamed "the Penguin and the Egg," that are about 100,000 light years apart, a surprisingly close distance in astronomical terms.
John Carter was charged with two counts of murder in relation to the death of his fiancée Katelyn Markham.
Weisselberg was sentenced in April to five months in Rikers Island, in line with a plea agreement over his alleged perjury in a 2023 civil fraud case.
A man who authorities have described as a dangerous pedophile was arrested in Georgia, nearly 30 years after he fled an Oregon prison.
Sonya Massey was killed after Sangamon County deputies responded to her 911 call about an intruder early on July 6, officials said.
Kayla Wright's body was found in a truck-bed-style toolbox on a sandbar in the Missisquoi River in February.
NASA says the Deorbit Vehicle will drive the lab to a controlled re-entry and breakup in 2030 to close out three decades of operation.
Rain already falls on Venus, but it took more than 14 minutes for Missy Elliott's The Rain (Supa Dupa Fly)" to reach the planet.
It has been two years since NASA's James Webb telescope gave us a stunning first look at the depth of our universe. To commemorate the achievement, NASA has released new images showing two distant galaxies interacting with each other. Jane Rigby, astrophysicist and a senior project scientist for the Webb telescope at NASA, joins CBS News to discuss.
The image released Friday depicts two merging galaxies, nicknamed "the Penguin and the Egg," that are about 100,000 light years apart, a surprisingly close distance in astronomical terms.
SpaceX's Falcon 9 rocket suffered a catastrophic engine failure as it launched a batch of Starlink satellites into orbit Thursday night, the first time in nearly a decade the rocket has failed. CBS News space consultant Bill Harwood has more on that and the latest images from the James Webb Space Telescope.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
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.
A teenager's murder in Lowell, Massachusetts, goes unsolved for more than 40 years -- were the clues there all along?
The actor, recipient of a lifetime achievement Academy Award, was renowned for such films as "MASH," "Klute," "Don't Look Now," "Ordinary People," and "The Hunger Games."
The Illinois mom wrote, "If something ever happens to me, please make sure the number one person of interest is Tim." Take a look at the evidence that led to Tim Bliefnick's arrest.
President Biden's doctor says his COVID-19 symptoms are mild, but as he isolates in Delaware, he's still facing growing calls from Democratic lawmakers to end his reelection bid over concerns about his age and campaign viability. CBS News senior White House correspondent Weijia Jiang has more.
A law enforcement source confirmed to CBS News that before the assassination attempt against former President Donald Trump the father of the gunman called police, concerned about his son and his whereabouts. CBS News correspondent Charlie De Mar has the latest on the investigation.
The funeral will be held Friday for Corey Comperatore, the former fire chief who was killed while trying to shield his family from gunfire during the attempted assassination of Donald Trump last Saturday. CBS News reporter Amelia Mugavero has more.
Glass Animals, famed for their hit "Heat Waves," recently released their latest album. Anthony Mason catches up with the band in London, revisiting the street where their success story started.
Sarah Gelman, editorial director for Amazon Books, joins "CBS Mornings" with must-read book recommendations for the summer.