The U.S. debt now exceeds the country's GDP. Should we worry?
Federal debt held by the public now surpasses the total value of the nation's economic output. Here's why experts say that's a concern.
National Debt
U.S. debt beats GDP for first time since WWII
The U.S. debt is exceeding the country's gross domestic product for the first time since World War II. CBS News contributor Javier David has more.
A new buy now, pay later option from Affirm will help tenants cover rent
A new BNPL pilot from financial technology company Affirm will give renters the option to break up their rent into two equal payments.
U.S. debt tops $38 trillion for first time, worsened by government shutdown
The national debt is rising faster than ever and threatens to undermine confidence in the economy, experts warn.
Trump spending law deficit concerns
A new Congressional Budget Office report projects President Trump's tax and spending law will add more than $3 trillion to the federal deficit over the next decade. Marc Goldwein, senior vice president and senior policy director for the Committee for a Responsible Federal Budget, joins "The Daily Report" with more.
How Trump's new spending law will impact taxes
Does President Trump's new economic law really wipe away taxes on Social Security and tips? CBS News MoneyWatch correspondent Kelly O'Grady dives into the fine print.
Reporter's Notebook: Crying wolf on budgets
Elon Musk has challenged President Trump's budget plans over fears of runaway spending. Are his fiscal concerns, and those of some other politicians, performative? "CBS Evening News" co-anchor John Dickerson explains.
Economic impacts of ballooning national debt
A recent analysis from the Committee for a Responsible Federal Budget says the legislation that just passed the Senate will add more than $3.9 trillion to the national debt. Kelly O'Grady joins to discuss what that means.
Senate debates Trump's budget bill
Senate lawmakers are rushing to meet President Trump's Independence Day deadline for the Republican's sweeping budget bill amid concerns over Medicaid cuts and the national debt.
Breaking down CBO report on Trump budget plans
The political headwinds stalling President Trump's massive tax extension and budget cuts were hit by a powerful dose of accounting. The Congressional Budget Office reports the current budget package would add more than $2 trillion to the national debt over 10 years. Marc Goldwein, senior policy director for the Committee for a Responsible Federal Budget, joins to discuss.
Ro Khanna on Musk's budget bill criticism
What do Democrats think about Elon Musk's call to kill the Trump agenda budget bill? Rep. Ro Khanna of California joins "The Takeout" with his reaction.
CBO: Trump budget bill would increase deficit
The Congressional Budget Office released new numbers on the monetary impacts of President Trump's budget bill and tariffs on Wednesday. CBS News chief White House correspondent Nancy Cordes reports.
Musk calls on Congress to "kill" budget bill
As the Senate forges ahead on President Trump's budget plan, Elon Musk is ramping up his criticism of the legislation, calling on lawmakers to "kill the bill." CBS News White House reporter Aaron Navarro has more.
House Budget chair on Musk's bill criticism
House Republicans keep warning their Senate GOP counterparts: Don't tinker with the economic bill they passed with one vote to spare. The Senate, however, is doing just that. House Budget Committee Chairman Jodey Arrington of Texas joins "The Takeout" to discuss where that could leave the Trump economic agenda.
How the national debt reached $36.2 trillion
The national debt stands at about $36.2 trillion, and economists are concerned aboutthe growing deficit's impact. Here's what to know.
Budget bill slammed as "fiscal failure"
The Trump administration is touting the spending cuts in the House-approved budget bill, but a nonpartisan analysis calls the legislation a "fiscal failure." Maya MacGuineas, president of the Committee for a Responsible Federal Budget, joins "America Decides" to discuss.
Budget bill could add trillions to deficit
Divisions among House Republicans remain as they race to try and pass President Trump's legislative agenda. A new estimate from the Congressional Budget Office found the bill, in its current form, would raise the federal deficit by $3.8 trillion over ten years, mostly from the president's proposed tax cuts. CBS News congressional correspondent Nikole Killion reports.
Impact of Moody's U.S. credit downgrade
The international credit agency Moody's has downgraded the U.S.' credit rating from its highest AAA rating to Aa1. CBS News senior business and technology correspondent Jo Ling Kent explains what the move could mean for the average American.
Will GOP come together on Trump's budget?
President Trump may have his budget plan, but he's got to get House Republicans in lockstep after Friday's failed committee vote. Former Republican Rep. Kevin Brady of Texas, ex-chair of the House Ways and Means Committee, joins "America Decides" to discuss what it'll take to get the conference on board and more.
Understanding cycle of deficit spending, debt
The U.S. economy is the largest globally, but its debt outweighs that distinction by trillions. Maya MacGuineas, president of the nonpartisan nonprofit Committee for a Responsible Federal Budget, joins "America Decides" to explain why that's a problem, and how increasing that debt with the latest budget proposal could hurt average Americans.
Despite Trump's promised cuts, U.S. spent more than $200 billion more so far than last year
Despite President Trump's promise of cuts, the federal government has spent more than $200 billion more in his first 100 days than the same time period last year.
Government spending is up, data shows
One of President Trump's campaign promises was to get rid of what he described as waste and fraud in the government to save money. CBS News dug into these claims to see if that's happened so far. CBS News vice president of data journalism John Kelly breaks down the numbers on government spending.
Ex-USAID chief blasts gutting of agency
Nearly all staff for the U.S. Agency for International Development, also known as USAID, will be placed on leave Friday amid President Trump and Elon Musk's plans to restructure the federal government. Andrew Natsios, former USAID administrator from 2001 to 2006, joins "America Decides" with his reaction.
House passes government funding bill
The House passed a short-term funding bill to avert a government shutdown Friday night. The legislation heads to the Senate next. CBS News' Scott MacFarlane and Zak Hudak have more details.
Rep. Andy Barr on Elon Musk
Even with a new agreement that would avoid a government shutdown, lawmakers are still focusing on billionaire Elon Musk and the major influence he wields on Capitol Hill. Republican Rep. Andy Barr of Kentucky joins "America Decides" to discuss.
Live
U.S. fires on 2 more tankers as Washington expects Iran response on deal
Secretary of State Marco Rubio said the U.S. was expecting a response from Iran on a peace proposal Friday, adding, "we'll see what the response entails."
Pentagon begins releasing UFO files: "It's time the American people see"
Defense Secretary Pete Hegseth said in a statement that the documents "have long fueled justified speculation — and it's time the American people see it for themselves."
U.S. launches major expansion of denaturalization campaign
The Trump administration announced a major expansion of its denaturalization campaign targeting foreign-born American citizens accused of fraudulently obtaining U.S. citizenship.
Asylum-seekers abandon cases as ICE seeks to deport them to third countries
More than 12,000 people gave up their asylum claims or voluntarily departed the U.S. as ICE moved to cut cases short by sending asylum-seekers to third countries, a CBS News analysis found.
Exclusive
Principal who tackled gunman: "God's hand was on all of us"
Kirk Moore, the Oklahoma principal who tackled a gunman, sits down with CBS News for a network exclusive interview airing Monday on "CBS Mornings."
U.S. plans evacuation for Americans on cruise ship in hantavirus outbreak
The MV Hondius is currently traveling to the Canary Islands, where the 147 people on board will be methodically off-boarded and flown home.
Qatari prime minister says there's "high probability" U.S., Iran will reach deal
Secretary of State Marco Rubio said the U.S. expects to receive Iran's response to the draft agreement for ending the war "today at some point."
Virginia Supreme Court tosses out congressional map that favored Democrats
The congressional redistricting referendum was passed by Virginia voters last month and would have given Democrats a more favorable map.
Trump announces prisoner swap in 3-day Russia-Ukraine ceasefire
President Trump said the agreement will swap 1,000 prisoners from each country after Russia and Ukraine announced separate short-term ceasefire plans.
U.S.
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Fed unlikely to cut interest rates until 2027, Bank of America says
A "hawkish" turn at the Fed and stubbornly high inflation could delay interest rate cuts, according to Bank of America economists.
What the Trump administration's latest tariff blow means for businesses
A trade court's ruling this week against a 10% U.S. tariff is narrow in scope, offering limited relief to importers. Here's what to know.
Local officials aim to oust Arizona sheriff leading Nancy Guthrie investigation
Local officials in Arizona are pushing to remove Pima County Sheriff Chris Nanos, who is leading the Nancy Guthrie probe, alleging Nanos lied under oath during a deposition for an unrelated lawsuit.
U.S. launches major expansion of denaturalization campaign
The Trump administration announced a major expansion of its denaturalization campaign targeting foreign-born American citizens accused of fraudulently obtaining U.S. citizenship.
U.S. plans evacuation for Americans on cruise ship in hantavirus outbreak
The MV Hondius is currently traveling to the Canary Islands, where the 147 people on board will be methodically off-boarded and flown home.
MoneyWatch
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Fed unlikely to cut interest rates until 2027, Bank of America says
A "hawkish" turn at the Fed and stubbornly high inflation could delay interest rate cuts, according to Bank of America economists.
What the Trump administration's latest tariff blow means for businesses
A trade court's ruling this week against a 10% U.S. tariff is narrow in scope, offering limited relief to importers. Here's what to know.
ABC accuses the FCC of violating free speech rights over "The View"
ABC filed a petition with the FCC claiming that the agency's scrutiny of "The View" threatens to "chill critical protected speech."
Employers added 115,000 jobs in April, blowing past forecasts
Hiring once again exceeded forecasts, with employers adding far more than the projected gains of 65,000.
U.S. trade court rules against Trump's 10% tariffs
The tariffs were put in place in February, days after the Supreme Court struck down President Trump's previous round of sweeping "Liberation Day" tariffs.
Politics
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What the Trump administration's latest tariff blow means for businesses
A trade court's ruling this week against a 10% U.S. tariff is narrow in scope, offering limited relief to importers. Here's what to know.
Trump announces prisoner swap in 3-day Russia-Ukraine ceasefire
President Trump said the agreement will swap 1,000 prisoners from each country after Russia and Ukraine announced separate short-term ceasefire plans.
U.S. launches major expansion of denaturalization campaign
The Trump administration announced a major expansion of its denaturalization campaign targeting foreign-born American citizens accused of fraudulently obtaining U.S. citizenship.
LA mayoral candidate Spencer Pratt says he can "change the political landscape"
In an exclusive interview with CBS News, former reality star Spencer Pratt addressed his inexperience in politics as he runs for L.A. mayor.
Asylum-seekers abandon cases as ICE seeks to deport them to third countries
More than 12,000 people gave up their asylum claims or voluntarily departed the U.S. as ICE moved to cut cases short by sending asylum-seekers to third countries, a CBS News analysis found.
HealthWatch
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HealthWatch
Locals protest hantavirus outbreak ship
U.S. citizens potentially exposed to hantavirus amid the deadly outbreak aboard the MV Hondius cruise ship could be on their way back to the U.S. as soon as next week. Under newly-released plans, a special biocontainment unit in Nebraska is preparing to host at least 17 people for mandatory isolation.
U.S. plans evacuation for Americans on cruise ship in hantavirus outbreak
The MV Hondius is currently traveling to the Canary Islands, where the 147 people on board will be methodically off-boarded and flown home.
Tracking hantavirus cases tied to cruise ship
Global health officials are working to track down passengers who departed a hantavirus-stricken cruise ship weeks ago, including multiple Americans. Meanwhile, for the first time on Thursday, President Trump addressed the response to the deadly outbreak. Tom Hanson has the latest on the cruise ship and Dr. Celine Gounder breaks down what to know about the virus.
5 states monitoring hantavirus ship passengers
After almost a full day of sailing, the hantavirus-stricken cruise ship is slowly closing in on its destination, about 600 nautical miles away from Spain's Canary Islands. Tom Hanson has more details, and Dr. Jon LaPook has more about the virus.
What we know about hantavirus cases tied to deadly cruise ship outbreak
Health officials have identified at least eight confirmed or suspected cases of hantavirus tied to an outbreak on the M/V Hondius cruise ship.
World
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Trump announces prisoner swap in 3-day Russia-Ukraine ceasefire
President Trump said the agreement will swap 1,000 prisoners from each country after Russia and Ukraine announced separate short-term ceasefire plans.
U.S. plans evacuation for Americans on cruise ship in hantavirus outbreak
The MV Hondius is currently traveling to the Canary Islands, where the 147 people on board will be methodically off-boarded and flown home.
Asylum-seekers abandon cases as ICE seeks to deport them to third countries
More than 12,000 people gave up their asylum claims or voluntarily departed the U.S. as ICE moved to cut cases short by sending asylum-seekers to third countries, a CBS News analysis found.
Trump ally Farage says elections mark "historic shift in British politics"
One U.K. lawmaker says big election losses for the ruling Labour Party and its main rivals show the de-facto two-party system is "not just dying, it is dead."
Massive 11,000-carat ruby unearthed by miners in Myanmar
State-run media reported that the newly found rough ruby was discovered in mid-April, just after the traditional New Year festival.
Entertainment
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Entertainment
Orson Welles' 1938 "War of the Worlds" broadcast
On Oct. 30, 1938, CBS News Radio listeners were sent into a frenzy listening to Orson Welles' reading of H.G. Wells' "War of the Worlds," thinking it was a real broadcast detailing an alien invasion. CBS News' Caitlin Huey-Burns introduces the fictional, now-iconic breaking news bulletin.
Extended interview: Lizzo
Lizzo sits down with "CBS Mornings" co-host Gayle King to discuss her third album, "Bitch," and how it reflects her current state in life, her ongoing legal battle, weight loss journey, embracing her body and more.
Ben Abraham on his rise in music
Australian musician Ben Abraham has worked with multiple singers, from Sara Bareilles to Ben Platt. The singer-songwriter speaks to "CBS Mornings" about the highs and lows of his music journey and how he hopes he can "make a difference" through his art.
Dana White breaks down UFC 328
UFC president and CEO Dana White joins "CBS Mornings" to break down UFC 328, which is being held this weekend. The main event features undefeated champion Khamzat Chimaev defending his middleweight belt against former champion Sean Strickland.
Exclusive
Spencer Pratt compares his fledgling political career to Obama's national rise
Spencer Pratt has said he was compelled to launch his unlikely mayoral run after his home was destroyed in last year's devastating Los Angeles wildfires.
Technology
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Technology
Online learning platform Canvas hacked
The online learning platform Canvas, which is used by 30 million students around the world, was hacked Thursday in a massive cyberattack. The platform is used by thousands of schools, including major universities. Jo Ling Kent reports.
Canvas back online after cyberattack hit learning platform for U.S. schools
A system that thousands of schools and universities use was offline due to a cyberattack.
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.
Here's how AI can help with retirement planning, and where it struggles
As more people turn to chatbots for financial advice, experts say AI offers both pros and cons for retirement planning. Here's what to know.
Google unveils screenless Fitbit
Fitness trackers started as devices for measuring workouts, but now they are designed for 24/7 monitoring and the passive collection of health data. Fitbit announced its latest device, called the Fitbit Air, to compete with other screenless trackers like the Whoop. Tech journalist Lexi Savvides joins CBS News with more.
Science
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Science
Trump: UFO files released for transparency
Defense Secretary Pete Hegseth said it's time for the American people see it for themselves, as the Pentagon started releasing previously classified documents related to UFOs and UAPs. CBS News Pentagon reporter Eleanor Watson has more.
What's in the released UFO files?
The Pentagon released UFO documents on Friday, with President Trump telling the public to "have fun" deciding for itself what is going on. Carter Evans reports.
"The Age of Disclosure" director on UFO files
The Pentagon on Friday released and declassified numerous files on UFOs, including eyewitness testimony, photos and reports. Government knowledge of non-human intelligent life was the subject of the documentary "The Age of Disclosure," released in February. Its director and producer, Dan Farah, joins CBS News to discuss.
Pentagon begins releasing UFO files: "It's time the American people see"
Defense Secretary Pete Hegseth said in a statement that the documents "have long fueled justified speculation — and it's time the American people see it for themselves."
Mysterious world beyond Pluto may have atmosphere, study says
If confirmed, the rock would become just the second world past Neptune in our solar system to host an atmosphere.
Crime
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Crime
Mother of missing woman in Bahamas speaks out
The search for Michigan mother Lynette Hooker headed into a fifth week as Coast Guard investigators seek to question the owners of a sailboat that was moored near the Hooker's vessel when she went missing. Cristian Benavides reports.
CBS News finds security gaps at Hilton Hotel
CBS News homeland security correspondent Nicole Sganga returned to the Hilton Hotel in Washington, D.C., to better understand the security surrounding the White House Correspondents' Dinner. What she found was a 13-minute gap in security camera coverage in the moments leading up to the shooting.
DOJ yet to authenticate possible Epstein note
A federal judge has made public an apparent suicide note written by convicted sex offender Jeffrey Epstein. CBS News' Anna Schecter reports.
Correspondents' dinner shooting analysis
A CBS News team analyzed the security footage of the White House Correspondents' Dinner shooting. Nicole Sganga breaks down what we learned.
Investigation of correspondents' dinner attack
A CBS News visual investigation reveals new details in an alleged assassination attempt on President Trump at this year's White House Correspondents' Dinner.
Space
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UFO files reveal astronauts saw mysterious objects and lights in 1972
NASA's Apollo 17 crew reported seeing three mysterious dots and sparks that resembled fireworks, according to new files released by the Pentagon.
Pentagon begins releasing UFO files: "It's time the American people see"
Defense Secretary Pete Hegseth said in a statement that the documents "have long fueled justified speculation — and it's time the American people see it for themselves."
Mysterious world beyond Pluto may have atmosphere, study says
If confirmed, the rock would become just the second world past Neptune in our solar system to host an atmosphere.
Artemis crew surprises 5-year-old aspiring astronaut with special gift
The Artemis II team gained a new member, and the crew made sure their youngest teammate had the right stuff for space.
Artemis II crew reveals what snack they ate right after splashdown
The Artemis II astronauts said they actually really enjoyed the space food, but it was a familiar candy they enjoyed after splashing down in the Pacific Ocean.
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
6 videos that stood out in Pentagon's UFO drop
The Pentagon on Friday began releasing hundreds of files on UFOs after President Trump ordered the documents to be made public. CBS News Pentagon reporter Eleanor Watson reviewed the 28 videos in the first batch of files and chose six that stood out to her the most.
Police called on student holding water gun
Police across the U.S. are warning about a game called "senior assassin," a bit like tag with water guns, that popular among graduating seniors. But in Massachusetts, someone called 911, thinking a water gun was real. Tom Hanson reports.
Volcano kills 3 hikers in Indonesia
Three hikers died on a remote Indonesian island when a local volcano erupted, as it has been repeatedly for decades. Chris Livesay reports.
Virginia Supreme Court rules against new map
Virginia voters recently approved a new congressional map designed to help give Democrats as many as four additional seats in Congress. But on Friday, the state's Supreme Court narrowly struck down those maps. Ed O'Keefe has details.
U.S. fires on Iranian oil tankers
A ceasefire with Iran is still officially in place, but U.S. forces hit and disabled two Iranian oil tankers on Friday, accusing them of attempting to violate the U.S. blockade. Weijia Jiang has more.