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Treasury Secretary Janet Yellen told Axios a default would cause a financial crisis while President Biden and speaker of the house Rep. Kevin McCarthy are set to discuss raising the debt ceiling on Wednesday. CBS News reporter Sarah Ewall-Wice has more on where Republicans and Democrats stand.
President Biden and House Speaker Kevin McCarthy are expected to meet this week to discuss the debt ceiling and how to avoid a default on the country's debt. McCarthy said he wants to find a "reasonable and responsible" way to lift the debt ceiling. CBS News congressional correspondent Scott MacFarlane joined Anne-Marie Green and Vladimir Duthiers from Capitol Hill to discuss.
The Speaker of the House Kevin McCarthy announced in an interview with "Face The Nation" that he and President Biden will meet on Wednesday at the White House. The two are expected to discuss lifting the debt ceiling and the Republican party’s financial priorities. Scott MacFarlane reports.
This week on "Face the Nation with Margaret Brennan," the first face-to-face meeting of the new Congress between President Biden and House Speaker Kevin McCarthy is coming soon. The main topic on the agenda? Paying America's bills and getting the country's fiscal house in order. We'll ask the speaker about what he thinks Congress should do to keep the U.S. from defaulting. Plus, a rare joint conversation with the chair and vice chair of the Senate Intelligence Committee.
House Speaker Kevin McCarthy discusses his upcoming meeting with President Biden, what he's seeking in a deal to raise the debt ceiling, his selections for committee assignments and more.
This week on "Face the Nation with Margaret Brennan," the first face-to-face meeting of the new Congress between President Biden and House Speaker Kevin McCarthy is coming soon. The main topic on the agenda? Paying America's bills and getting the country's fiscal house in order. We'll ask the speaker about what he thinks Congress should do to keep the U.S. from defaulting. Plus, a rare joint conversation with the chair and vice chair of the Senate Intelligence Committee.
Bipartisan Problem Solvers Caucus co-chairs Brian Fitzpatrick and Josh Gottheimer speak with CBS News congressional correspondent Scott MacFarlane about the debt ceiling and gun reform. MacFarlane shares their conversations and more on "Red and Blue."
Speaker Kevin McCarthy is reiterating that he will block Democratic Reps. Adam Schiff and Eric Swalwell of California from serving on the House committee that oversees national intelligence.
House Speaker Kevin McCarthy said Friday he has accepted an invitation from President Biden to meet and discuss the standoff over raising the debt ceiling. Megan Greene, a senior fellow at Brown University, and global chief economist at Kroll, joined CBS News to discuss the far-reaching impact of the stalemate.
The White House has said it won't negotiate with Republicans on raising the debt ceiling. The U.S. reached its borrowing limit a day ago, according to the treasury secretary.
The U.S. officially reached the debt limit on Thursday, and the Treasury Department says it has begun taking "extraordinary measures" to maintain the full faith and credit of the United States. It sets up a showdown that could put the entire U.S. economy at risk. Scott MacFarlane has more.
"I respectfully urge Congress to act promptly to protect the full faith and credit of the United States," Yellen wrote to congressional leaders.
The U.S. is projected to hit its debt limit Thursday, and Treasury Secretary Janet Yellen is urging congressional leaders to raise the debt ceiling to ensure the U.S. doesn't default on its debts. The White House and House Republicans are at a standoff, with GOP leaders demanding spending cuts. CBS News congressional correspondent Scott MacFarlane joined John Dickerson to discuss the latest on the issue.
As the U.S. nears its debt limit, House Republicans are calling for negotiations and federal spending caps. CBS News congressional correspondent Scott MacFarlane joined "Red and Blue" to discuss lawmakers' economic options, as well as the latest on the investigations into New York Rep. George Santos.
Annual gathering in Switzerland has increasingly become the target of bizarre claims circulating on social media.
Treasury Secretary Janet Yellen warned that the country is on track to reach the debt limit, or the cap on how much money the federal government can borrow. CBS News congressional correspondent Scott MacFarlane joined Anne-Marie Green and Vladimir Duthiers to discuss the potential debt crisis and how Congress might respond.
CBS News congressional correspondent Scott MacFarlane joins us from Capitol Hill to discuss the trial of several Proud Boys on charges of seditious conspiracy related to the Jan. 6 riot. He also details a prestigious honor for the late Emmett Till and his mother, and the latest developments in the controversy surrounding Rep. George Santos.
Embattled Rep. George Santos of New York is rejecting calls to resign, even as more Republicans say he should step down. CBS News congressional correspondent Scott MacFarlane discusses the latest on the controversy.
There are growing calls from members of his own party for newly elected Republican Congressman George Santos to resign over the false claims he made about his background. His campaign funding is also under scrutiny. CBS News congressional correspondent Scott MacFarlane joins Errol Barnett and Lana Zak with more on the reaction.
The GOP-controlled House approved this week the creation of a new subcommittee on the so-called "weaponization of the federal government." The resolution to create the subcommittee gives it broad power to investigate the executive branch and any agency that falls under its jurisdiction. CBS News congressional correspondent Scott MacFarlane explained what Republicans hope to investigate, and why Democrats are calling the committee dangerous.
Republican Congressman George Santos says he will not heed the growing calls from both sides of the aisle to resign. CBS News congressional correspondent Scott MacFarlane joined "Red and Blue" to discuss the latest reactions from lawmakers, including a growing number of Republicans.
The Republican-led House of Representatives passed a new rules package with several concessions that are raising some concerns in Congress. CBS News congressional correspondent Scott MacFarlane joined Anne-Marie Green and Vladimir Duthiers to discuss the deals made by Speaker Kevin McCarthy.
With new House Speaker Kevin McCarthy at the helm, the GOP-led House of Representatives approved a rules package and their first legislation. CBS News congressional correspondent Scott MacFarlane joins "CBS News Mornings" to discuss what it all means.
The House passed a new rules package in the first key test for Speaker Kevin McCarthy. CBS News congressional correspondent Scott MacFarlane joins John Dickerson on "Prime Time" to discuss.
Fresh off a bruising fight to win the gavel, House Speaker Kevin McCarthy is facing his next political challenge. CBS News congressional correspondent Scott MacFarlane and CBS News chief Washington correspondent Major Garrett join "Red and Blue" to discuss the next steps for this session of Congress.
Hassan Nasrallah, the longtime leader of Iran-backed Hezbollah, was killed in an airstrike in Lebanon's capital Beirut.
Millions of customers in several states were in the dark as Helene moved inland from the Big Bend area of Florida's Gulf Coast.
During a visit to the U.S.-Mexico border, Vice President Kamala Harris said she intends to keep President Biden's asylum crackdown in place.
British actress Dame Maggie Smith had an extensive career in theater and movies, gaining international acclaim in later roles in "Harry Potter" and "Downton Abbey."
This follows a bombshell report last week which found that Robinson had posted racist and sexually explicit comments online.
Authorities have successfully airlifted over 50 people stranded by fast-moving flood waters from the roof of a hospital in Erwin, in eastern Tennessee.
The record comes in a season in which the White Sox had multiple double-digit losing streaks and fired manager Pedro Grifol.
Indicted NYC Mayor Eric Adams pleaded not guilty to federal bribery and campaign finance charges at his arraignment Friday.
Former President Donald Trump met with Ukrainian President Volodymyr Zelenskyy at Trump Tower in New York on Friday morning.
This follows a bombshell report last week which found that Robinson had posted racist and sexually explicit comments online.
Bill Pyles' Halloween display in Oxford, Ohio, often resulted in a steady stream of hate mail from angry neighbors.
Maj. Michael Stockin, an Army physician accused by more than 40 patients of sexual misconduct, has reached a plea deal with prosecutors, his attorney says.
Bigger bins and premium-priced seating with added legroom are just some of the changes the carrier is betting will win over customers.
Authorities have successfully airlifted over 50 people stranded by fast-moving flood waters from the roof of a hospital in Erwin, in eastern Tennessee.
Bigger bins and premium-priced seating with added legroom are just some of the changes the carrier is betting will win over customers.
Rising Florida home insurance rates, which surged 45% from 2017 to 2022, are likely to keep climbing along with the mercury, experts say.
Loophole in law means potentially deadly furniture is still being sold by major retailers, advocacy group cautions.
Grocery costs barely rose last month, according to Friday's report, and energy costs dropped 0.8%, led by cheaper gasoline.
A government task force is ready to help minimize supply-chain disruptions in case of a prolonged East Coast port strike, Biden administration says
This follows a bombshell report last week which found that Robinson had posted racist and sexually explicit comments online.
Despite suspending his campaign, the independent presidential candidate was fighting to have his name restored to the state's ballot.
Here are the rules of the CBS News vice presidential debate between JD Vance and Tim Walz.
Grocery costs barely rose last month, according to Friday's report, and energy costs dropped 0.8%, led by cheaper gasoline.
Indicted NYC Mayor Eric Adams pleaded not guilty to federal bribery and campaign finance charges at his arraignment Friday.
Loophole in law means potentially deadly furniture is still being sold by major retailers, advocacy group cautions.
Officials claim the changes "had no bearing" on Boar's Head's now-shuttered plant.
Many Americans are unaware of the connection between drinking and cancer risk, despite growing research that points to the negative health impacts of alcohol.
Gov. Gavin Newsom signs law prompted by a decade-long CBS News California investigation into California's newborn genetic biobank.
Ten deaths have been linked to now-recalled Boar's Head products.
Hassan Nasrallah, the longtime leader of Iran-backed Hezbollah, was killed in an airstrike in Lebanon's capital Beirut.
The Viking burial ground, used during the 9th and 10th centuries, was discovered on the southern outskirts of the village of Åsum.
Hezbollah senior commanders were the target of the strikes, according to a senior Israeli official, who said it was too early to confirm if the group's leader, Hassan Nasrallah, had been killed.
There are no coastal watches or warnings in effect for either storm however, the waves from Issac could cause life-threatening surf and rip current conditions in the Azores
In October 2022, Phoebe Plummer and Anna Holland threw two cans of Heinz tomato soup over the artwork at London's National Gallery.
In this preview of an interview to be broadcast on "CBS Sunday Morning" September 29, correspondent Anthony Mason talks with Chris Martin and Jonny Buckland of the rock band Coldplay about their massively-successful world tour.
A simple cocktail recipe, from the author of the New York Times bestseller, "Barefoot Contessa at Home."
U.K. regulators found "serious misconduct" by Naomi Campbell's Fashion for Relief charity, disqualifying her from running a charity in Britain for five years.
British actress Dame Maggie Smith had an extensive career in theater and movies, gaining international acclaim in later roles in "Harry Potter" and "Downton Abbey."
Tony Dokoupil and Adriana Diaz co-host "CBS Mornings Plus," airing weekdays on CBS-owned stations in Los Angeles, Chicago, San Francisco, Detroit and Miami, and streaming on CBS News 24/7.
Top U.S. artificial intelligence startup OpenAI took a hit Thursday after three of its top executives exited the company. The departures come as CEO Sam Altman is reportedly preparing to turn OpenAI into a traditional for-profit company. Connie Guglielmo, senior vice president focused on AI edit strategy for CNET, joins CBS News to examine the future of the startup.
Super Micro Computer's stock price fell sharply after the Wall Street Journal reported the company faces a federal investigation.
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.
Meta AI will talk to you in the voice of a handful of celebrities, Mark Zuckerberg announced today.
CBS News found the song has been used in more than 4,500 TikTok videos alone, with some users believing it's a song released by Bieber.
The Viking burial ground, used during the 9th and 10th centuries, was discovered on the southern outskirts of the village of Åsum.
Nine years after it was negotiated, the Paris Climate Agreement continues to serve as a blueprint for global environmental goals. Todd Stern, the top U.S. negotiator for the deal, outlines the years-long process it took to reach the landmark agreement in his new book, "Landing the Paris Climate Agreement: How It Happened, Why It Matters and What Comes Next." Stern joins CBS News to look back at the talks.
Florida is bracing for the wrath of Hurricane Helene. A common question that scientists face during natural disasters like this is: Has climate change impacted their severity? CBS News Miami investigative reporter Jim Defede and CBS News Texas investigative reporter Brian New break down how lawmakers and residents in their states view climate change amid natural disasters.
Three houses have collapsed into the ocean in Rodanthe, North Carolina, in less than a week — and they're likely not the last. Here's why.
President Biden touted his administration's climate progress at the United Nations General Assembly on Tuesday. But in California, lawmakers have often been ahead of the federal government's climate policy, although they are not always aligned. CBS News California investigative correspondent Julie Watts has more.
Maj. Michael Stockin, an Army physician accused by more than 40 patients of sexual misconduct, has reached a plea deal with prosecutors, his attorney says.
New York City Mayor Eric Adams appeared in court Friday and pleaded not guilty to federal charges against him. CBS News' Nikki Battiste was in court while the Adams' arraignment took place.
New York City Mayor Eric Adams was arraigned Friday, a day after a federal indictment outlined alleged crimes Adams carried out involving a foreign government. CBS News' Nikki Battiste was in court.
Enrique Ariza was convicted of "persecution, harassment" and other crimes against Claudia Julieta Duque, the prosecutor's office said.
New York City Mayor Eric Adams is set to be arraigned Friday on federal charges that include bribery, conspiracy and campaign finance charges. CBS News' Anna Schecter reports.
A NASA astronaut and a Russian cosmonaut will join the Starliner astronauts for a normal tour of duty
The Soyuz landing in Kazakhstan sets the stage for launch of a SpaceX Crew Dragon flight to the space station Thursday.
For the next two months, Earth will have a "mini-moon" when a small asteroid temporarily orbits the planet. Scientists say the asteroid, which is only 33 feet long, will enter Earth's gravity in a horseshoe orbit September 29 before leaving on November 25. Most people won't get a glimpse of this mini-moon though, it's too small to see without professional equipment.
The asteroid was discovered in August and is set to become a mini-moon, spinning around Earth in a horseshoe shape for about two months.
NASA's "Hidden Figures," whose work helped put men on the moon, were honored Wednesday in a Congressional Gold Medal ceremony.
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.
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.
A teenager's murder in Lowell, Massachusetts, goes unsolved for more than 40 years -- were the clues there all along?
New York City mayor Eric Adams pleaded not guilty to multiple federal criminal charges on Friday. Prosecutors have alleged that the mayor accepted lavish gifts from foreign governments for years, and that he illegally received taxpayer money for his campaign.
This morning, there's a clearer picture of the damage left by Hurricane Helene. The storm is being blamed for at least 45 deaths across five states, and more than 3.8 million customers are without power from Florida to Ohio as the remnants of the storm move over Appalachia, bringing rain and catastrophic flash flooding.
Workers at ports along the East and Gulf Coasts are preparing to go on strike, which could have a major impact on the U.S. economy. Meanwhile, the White Sox have officially become the worst team in Major League Baseball history. All that and all that matters in today’s Eye Opener.
In Iowa, we learn why many farmers are installing wind turbines on their properties to lift declining revenues. Then in California, we tour a one-of-a-kind rescue shelter giving neglected and abused animals a second chance. Watch these stories and more on Eye on America with host Michelle Miller.
The Yankees, Guardians, Phillies and Dodgers punched their tickets to the post season in their respective leagues while two wild card spots remain up for grabs heading into the final weekend of the regular season. CBS Sports MLB writer Matt Snyder breaks it all down.