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Here's when the U.S. could crash through the debt ceiling
Hitting "Date X" without raising the debt ceiling could lead the U.S. to default on its debt for the first time in its history.
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Hitting "Date X" without raising the debt ceiling could lead the U.S. to default on its debt for the first time in its history.
The United States hit its debt ceiling today as federal officials maneuver to avoid the country defaulting on its debts. Carol Schleif, chief investment officer of BMO Family Office, joined CBS News to discuss precautions Americans should take to protect their money.
The fight over the nation's debt limit could have very real implications on everything from your 401(k) to Social Security.
Treasury Secretary Janet Yellen says the U.S. will hit its debt limit of $31.4 trillion Thursday. CBS News congressional correspondent Scott MacFarlane joins the show to discuss what's being said on Capitol Hill about the looming debt ceiling crisis.
Businessman Dan Gertler received broad relief from sanctions in Trump administration's final days.
The Treasury chief told CBS News she expected inflation to ease thanks to a "resilient" U.S. economy, and said Biden's shift to EVs would become "less reliant on China."
Eager investors crashed a Treasury's website last week, but if you missed your chance at a 9.6% return, all is not lost.
Government agency doubled server capacity to handle an influx of orders, but some slowdowns are still occurring.
Tax agency has been plagued by understaffing and poor customer service, with many taxpayer calls going unanswered.
Rep. James Comer says the Treasury Department "is refusing to release suspicious activity reports connected with Hunter Biden."
Treasury officials warn filing taxes is going be a challenge this year due to the ongoing pandemic and a lack of resources at the Internal Revenue Service. CBS News reporter Sarah Ewall-Wice joins Lilia Luciano on CBSN to discuss.
In a 59-35 vote, the Senate passed a measure allowing for a one-time exemption to the filibuster so Democrats can raise the debt limit without Republican votes. Treasury Secretary Janet Yellen has warned the nation could enter default if the borrowing limit is not raised by December 15. CBS News reporter Sarah Ewall-Wice joins CBSN's Lana Zak to explain the process ahead.
The U.S. Treasury Department says cryptocurrencies "urgently" need regulations like those overseeing banks and other financial institutions. Axios chief financial correspondent Felix Salmon joins CBSN to discuss the digital currency loophole.
Treasury Secretary Janet Yellen is urging Democrats to address the debt ceiling alone if needed to avoid default. CBS News congressional correspondent Nikole Killion joined CBSN's Tanya Rivero with more on what Congress could do with the social spending and infrastructure legislation.
The House has passed a measure to increase the federal debt limit by $480 billion. But it's a temporary fix that will last only until December 3. That means lawmakers will find themselves looking for a more permanent measure in less than two months. CBS News congressional correspondent Nikole Killion joins CBSN's Elaine Quijano to discuss.
For many faith leaders, the Treasury Department's efforts to team up are unusual.
The U.S. is inching closer to a potential economic crisis and government shutdown as Congress clashes over President Joe Biden's agenda and key legislation. CBS News chief White House correspondent Nancy Cordes joins CBSN to break down the latest developments.
The country could go into default for its first time in history.
The Senate is deadlocked in the debate over raising the debt ceiling. If the limit is not raised, the country risks going into default on its debt. Lawmakers on both sides agree the ceiling needs to be raised, and experts warn if it isn't, it could be catastrophic for the U.S. economy. CBS News reporter Sarah Ewall-Wice joins CBSN's Lana Zak to discuss what's at stake.
Congressional Democrats are pushing to raise the national debt ceiling before the government funding runs out at the end of the month. But Republicans say they will not support stopgap funding legislation. CBS News congressional correspondent Nikole Killion joins CBSN with the latest.
The so-called "tax gap" could total $7 trillion over the next decade.
Only a small fraction of the money allocated by Congress has actually gotten to people, the Treasury Department said.
As many tenants and landlords continue to struggle from the pandemic's economic fallout, states need to use 65% of their allocated federal rent aid funds by September 30 or risk losing billions of dollars. CBS MoneyWatch reporter Irina Ivanova joined "CBSN AM" to discuss.
Treasury Secretary Janet Yellen traveled to Atlanta on Wednesday to promote the Biden administration's economic agenda. It was Yellen's first official domestic trip since being appointed to Mr. Biden's Cabinet. Her visit came as a bipartisan infrastructure bill makes it way through the Senate. CBS News reporter Sarah Ewall-Wice joins CBSN's "Red & Blue" host Elaine Quijano with more.
Millions of Americans are at risk of being evicted from their homes after the federal moratorium on evictions expired over the weekend. Diane Yentel, president of the National Low Income Housing Coalition, joins CBSN to discuss why nearly $47 billion in emergency aid has been slow to reach renters.
Government officials were pleading with people to take shelter from the dangerous Category 3 storm.
Fallout from ransomeware attack continues to affect car dealerships as CDK Global gradually restores service.
Many French voters are frustrated about inflation and other economic concerns, as well as President Emmanuel Macron's leadership.
Beryl is the first hurricane in more than 50 years to appear before July 4th in the Atlantic basin.
The judge warned defense lawyers last week that telling jurors alleged details about Nadine Menendez's ex-boyfriend risks turning the trial "into a soap opera."
Boeing announced plans to buy back the bulk of supplier Spirit AeroSystems for $4.7 billion, and Airbus said it would purchase Spirit operations related to the European aerospace giant.
Simone Biles is heading back to the Olympics along with Jordan Chiles, Jade Carey, Hezley Rivera and Suni Lee.
South Korea says North Korea test-launched two ballistic missiles a day after vowing to take "overwhelming countermeasures" in response to new U.S. military drills.
The Netherlands Volleyball Federation says Steven van de Velde has shown "self-insight and reflection" since his 2016 conviction for raping a 12-year-old.
Fallout from ransomware attack continues to affect car dealerships as CDK Global gradually restores service.
The judge warned defense lawyers last week that telling jurors alleged details about Nadine Menendez's ex-boyfriend risks turning the trial "into a soap opera."
Living comfortably means being able to pay all bills, afford a handful of wants and be able to save for the future.
Simone Biles is heading back to the Olympics along with Jordan Chiles, Jade Carey, Hezley Rivera and Suni Lee.
The Justice Department has presented Boeing with a plea deal in which the company would plead guilty to a conspiracy charge, pay a fine and enter a three-year probation period.
Fallout from ransomware attack continues to affect car dealerships as CDK Global gradually restores service.
Boeing announced plans to buy back the bulk of supplier Spirit AeroSystems for $4.7 billion, and Airbus said it would purchase Spirit operations related to the European aerospace giant.
Living comfortably means being able to pay all bills, afford a handful of wants and be able to save for the future.
Some of the world's largest companies have toned down their Pride campaigns in the wake of last year's backlash against Target and Bud Light.
Last night's presidential debate between Biden and Trump marked a drop in TV viewership from 2020 and 2016.
The judge warned defense lawyers last week that telling jurors alleged details about Nadine Menendez's ex-boyfriend risks turning the trial "into a soap opera."
Usher accepted the lifetime achievement award at the 2024 BET Awards, and Will Smith debuted a single as he continued his comeback from slapping Chris Rock at the Oscars two years ago.
On this "Face the Nation" broadcast, Maryland Gov. Wes Moore and Sen. J.D. Vance of Ohio join Margaret Brennan.
The following is a transcript of an interview with UNICEF executive director Catherine Russell on "Face the Nation" that aired on June 30, 2024.
The following is a transcript of an interview with Sen. J.D. Vance of Ohio, a Republican, on "Face the Nation" that aired on June 30, 2024.
Does wearing a face mask help to prevent COVID? Four years after the pandemic began, here's what scientists have learned.
CBS News chief medical correspondent Dr. Jon LaPook talks with experts about the distinctions between normal and abnormal aging as it affects memory issues, a workforce continuing beyond traditional retirement age, and the testing of surgeons who currently work without age limits. (This story was originally broadcast on February 18, 2024.)
Less than 100 intestinal transplants were done in 2023. For Danielle Perea, the surgery was her only chance.
The FDA said its study better simulated how commercial milk processing kills the bird flu virus, H5N1.
Cones, chocolate bars and gummies sold nationwide found to contain toxic levels of chemical found in some mushrooms.
The Netherlands Volleyball Federation says Steven van de Velde has shown "self-insight and reflection" since his 2016 conviction for raping a 12-year-old.
As Hurricane Beryl closed in on the southeastern Caribbean, government officials were pleading with people to take shelter from the dangerous Category 4 storm.
South Korea says North Korea test-launched two ballistic missiles a day after vowing to take "overwhelming countermeasures" in response to new U.S. military drills.
Many French voters are frustrated about inflation and other economic concerns, as well as President Emmanuel Macron's leadership.
For the destroyer's crew, the war between Israel and Hamas turned a routine seven-month deployment to the Middle East into a fight against Iranian-backed Houthi rebels, who launched drones and missiles from Yemen in support of Hamas.
Will Smith made a return to the stage at the BET Awards, performing his new single "You Can Make It," which alludes to redemption. It's the rapper's first new music release in seven years as he tries to comeback from the infamous Oscar slap two years ago. Meanwhile, Usher was honored at the show with the lifetime achievement award.
Usher accepted the lifetime achievement award at the 2024 BET Awards, and Will Smith debuted a single as he continued his comeback from slapping Chris Rock at the Oscars two years ago.
His recently uncovered photographs, long thought lost, are the basis of the former Beatle's book, "1964: Eyes of the Storm," and an exhibition currently at the Brooklyn Museum.
Paul McCartney recently uncovered photographs he'd thought were lost – ones he took during The Beatles' first tour of America in 1964. The pictures – candid shots from the vantage point of newly-anointed superstars – are the basis of the book, "1964: Eyes of the Storm," and an exhibition currently on view at the Brooklyn Museum. Correspondent Anthony Mason gets a private tour with McCartney, who talks about documenting the astonishing welcome that the "lads from Liverpool" received in the U.S. (An earlier version of this story was broadcast on June 18, 2023.)
"Sunday Morning" remembers some of the notable figures who left us this week, including comic actor Martin Mull.
This week marks 50 years since the debut of the barcode, those machine-readable black stripes that have changed many aspects of modern life. Bradley Blackburn looks back at its history.
Three major mobile carriers say customers abroad can't make phone calls, send messages.
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.
Recall involves about 132,000 units due to lithium-ion batteries that can overheat, with $20,000 in property damage reported.
Voice actors Paul Skye Lehrman and Linnea Sage say their voices are their livelihoods and are now being stolen by AI.
Called 2024 MK, the space rock will make its closest approach to Earth on Saturday.
Scientists are racing to figure out what's causing strange behavior and even deaths among fish, including the endangered sawfish. The phenomenon started in the Florida Keys, but has been seen as far north as Tampa.
South Africa is home to a large majority of the world's rhinos and as such is a hot spot for poaching driven by demand from Asia.
New research paints a worrying picture about the state of polar bears in Canada's Hudson Bay. The big furry bears could go extinct in the region as early as the 2030s due to thinning ice, longer ice-free seasons and human activity leading to climate change. Geoffrey York, one of the study's co-authors, joins CBS News to break down the findings.
Scientists monitoring 51 chimpanzees saw sick or injured animals eating certain plant items that were not part of their normal diet.
The judge warned defense lawyers last week that telling jurors alleged details about Nadine Menendez's ex-boyfriend risks turning the trial "into a soap opera."
Family of victim shares new details of their own investigation into what happened the night of the November 2022 murders of four University of Idaho college students and the case against suspect Bryan Kohberger.
Alabama college student Aniah Blanchard vanished without a trace in October 2019 — and it took more than a month before her family learned what happened to her.
Police fatally shot a 13-year-old boy late Friday night following a chase in Utica, New York, after the teen displayed what turned out to be a replica handgun, authorities said. Michael George has the latest.
Police said they spotted what "appeared to be a handgun" during the chase, but was later determined to be a pellet gun resembling a Glock 17.
The problem for NASA and Boeing is that the Starliner's service module is discarded before re-entry and burns up in the atmosphere.
The latest GOES satellite will play a critical role in tracking hurricanes and other dangerous storms across North America.
China's Chang'e 6 is the first craft ever to collect soil and rock samples from the side of the moon that faces away from Earth into space.
NASA has again postponed the troubled Boeing Starliner's trip home from the International Space Station as crews assess a series of helium leaks. Those leaks had also delayed the first crewed launch of the ship multiple times. Mark Strassmann reports.
NASA canceled a spacewalk on Monday due to a leaky spacesuit. And Starliner commander Barry "Butch" Wilmore and co-pilot Sunita Williams will remain at the International Space Station longer than planned after NASA and Boeing delayed the capsule's return to Earth. CBS News space consultant Bill Harwood breaks down the issues the astronauts are navigating in space.
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 look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
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.
Hurricane Beryl has been fluctuating between a Category 3 and Category 4, producing life-threatening conditions as it heads toward the Windward Islands in the Caribbean. CBS News' Cristian Benavides has more.
Will Smith made a return to the stage at the BET Awards, performing his new single "You Can Make It," which alludes to redemption. It's the rapper's first new music release in seven years as he tries to comeback from the infamous Oscar slap two years ago. Meanwhile, Usher was honored at the show with the lifetime achievement award.
President Biden sought to reassure voters with energetic campaign stops in Atlanta, Raleigh and New York following his shaky debate performance last week. However, a new CBS News poll show voters have serious concerns about the president's mental and cognitive health.
Author and journalist Steven Brill joins "The Takeout" to discuss the real-world dangers of disinformation and his work to combat it. Brill discusses the importance of distinguishing fact from opinion, and whether truth can win out in the modern media landscape.
Celebrations across the country are marking the end of Pride Month. Advocates are using the opportunity to warn about mpox in the hopes of avoiding a breakout similar to the one in 2022. Dr. Celine Gounder reports.