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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.
The Justice Department on Friday said the Treasury Department must hand over former President Trump's tax returns to the House Ways and Means Committee, putting an apparent end to the yearslong battle over the records. Brian Galle, a professor of law at the Georgetown University Law Center joins CBSN's Tanya Rivero with his analysis.
The Justice Department instructed the IRS to hand over former President Trump's tax returns to Congress. A federal judge said Mr. Trump and his lawyers have until Wednesday to issue a response. CBS News legal contributor Rebecca Roiphe joins CBSN AM to discuss.
The decision puts an apparent end in sight to the yearslong battle over the records.
The federal government will begin dispersing monthly cash payments to low- and moderate-income families on July 15 as part of the child tax credit program included in the latest round of COVID relief. The rollout comes as the Federal Reserve paints a clearer picture of the current state of the economy, saying inflation will likely remain elevated in the coming months. CBS News reporter Sarah Ewall-Wice joins CBSN's Lana Zak with the details.
A new IRS tool will help millions of low-income Americans file for their 2021 child tax credit. The monthly payments will begin July 15 and extend through the year. While Democrats are trying to make the current payments permanent, Republicans are looking to introduce their own version of the credit. CBS News reporter Sarah Ewall-Wice joined CBSN's Elaine Quijano to discuss.
The U.S., along with some of the nation's biggest banks, are pumping big bucks into Minority Depository Institutions.
President Biden on Thursday signed an executive order branding the threat from Russia a national emergency and unleashing a flurry of sanctions that include the expulsion of at least 10 Russians from the diplomatic mission in Washington. CBS News intelligence and national security reporter Olivia Gazis joins CBSN to discuss the scope of the sanctions and the potential repercussions ahead.
Many people with jobs affected by the pandemic may soon be returning to work. President Joe Biden's $1.9 trillion stimulus package will also help create millions of new jobs for those in the public sector who were furloughed or laid off. State and local governments are hoping these new opportunities will bring jobs numbers back to pre-pandemic levels. CBS News reporter Sarah Ewall-Wice joined CBSN's Elaine Quijano to discuss.
The latest monthly Treasury report says the country spent nearly $660 billion more than it took in during March alone.
This week's jobs report shows a jump in new unemployment claims after several months of decline. Bankrate senior economic analyst Mark Hamrick joins CBSN to explain the latest spike and how President Biden's stimulus package may reverse the trend.
States sought and got clarification from federal officials about what they thought might be a blanket ban on tax reductions due to the massive measure.
Washington Post economics correspondent Heather Long joins CBSN's "Red & Blue" anchor Elaine Quijano to explain why millions of people who filed their taxes early are still waiting for their refunds, and how stimulus payments might be causing a delay. The IRS is delaying this year's deadline to May 17.
Treasury Secretary Janet Yellen says she is "afraid that the job market is stalling."
She's the first woman to lead the department in its more than 230-year history.
The renewed effort comes after former Treasury Secretary Steve Mnuchin announced nearly two years ago that the redesign proposed by former President Obama would not happen under the Trump administration.
White House Jen Psaki said Monday that the Treasury Department will move forward with an effort to put Harriet Tubman on the $20 bill. The effort was initiated by the Obama administration but then was stalled by the Trump administration. CBSN's Elaine Quijano reports.
The Senate on Monday confirmed Janet Yellen as treasury secretary by a 84 to 16 vote. She is the first woman to lead the department in its 230-year history. CBSN's Elaine Quijano reports.
CBS News reporter Sarah Ewall-Wice joins CBSN's "Red & Blue" host Elaine Quijano to discuss the "big" actions Janet Yellen wants to see done by the Treasury Department if she is confirmed as secretary by the incoming Biden administration.
This comes after President-elect Trump and Florida Gov. Ron DeSantis attended a memorial for fallen law enforcement officers Tuesday in Florida.
The apparent hackers targeted Kash Patel's communications, but whether they succeeded and how much access they had to the data is still being investigated, the sources said.
Donald Trump's attorneys mentioned Hunter Biden in a filing arguing the New York criminal case against the president-elect should be dismissed.
Hunter Biden could have faced up to 25 years in prison, though as a first-time offender he likely would have gotten far less time or avoided prison entirely.
South Korea's main opposition party on Wednesday urged South Korean President Yoon Suk Yeol to resign immediately or face impeachment.
Debbie Nelson's fraught relationship with her son Eminem had been no secret since the Detroit rapper became a star.
Chad Chronister has been sheriff of Florida's Hillsborough County since 2017.
Attorneys for defendant Nima Momeni on Tuesday wrapped up their closing argument with a surprise video clip they claimed showed stabbing victim Bob Lee doing cocaine with the murder weapon.
CBS News projects Republicans will hold onto control of the House, although the majority will be slim.
The apparent hackers targeted Kash Patel's communications, but whether they succeeded and how much access they had to the data is still being investigated, the sources said.
This comes after President-elect Trump and Florida Gov. Ron DeSantis attended a memorial for fallen law enforcement officers Tuesday in Florida.
Hunter Biden could have faced up to 25 years in prison, though as a first-time offender he likely would have gotten far less time or avoided prison entirely.
Debbie Nelson's fraught relationship with her son Eminem had been no secret since the Detroit rapper became a star.
PublicSquare, which describes itself as catering to "patriotic Americans," is adding the son of President-elect Donald Trump Jr. to its board.
PublicSquare, which describes itself as catering to "patriotic Americans," is adding the son of President-elect Donald Trump Jr. to its board.
Federal regulators say puppy food sold by Blue Ridge Beef in seven states tested positive for salmonella.
From plane tickets to car rentals, the travel-themed discount day offers once-in-a-year deals. Here's what to know.
A Biden administration proposal would phase out a program that lets employers pay some workers less than $7.25 an hour.
Frontier is adding premium seating tier to its offerings. Here's what it will look like, and when it will be available.
The apparent hackers targeted Kash Patel's communications, but whether they succeeded and how much access they had to the data is still being investigated, the sources said.
This comes after President-elect Trump and Florida Gov. Ron DeSantis attended a memorial for fallen law enforcement officers Tuesday in Florida.
Hunter Biden could have faced up to 25 years in prison, though as a first-time offender he likely would have gotten far less time or avoided prison entirely.
Chad Chronister has been sheriff of Florida's Hillsborough County since 2017.
The concern could put another one of President-elect Donald Trump's Cabinet picks at risk of falling short of the support needed for confirmation.
Levels of both the flu and COVID viruses are still low across much of the country, the CDC says.
Estimates show Americans drink twice as much during the holiday season as they normally do. Here's how the extra alcohol can impact your health.
Feds find 11 kids illegally employed for at least 4 years at Seaboard Triumph Foods facility in Sioux City, Iowa.
A Yale study showed that older people with more positive beliefs about aging lived an average of 7.5 longer than people who equated aging with disease and decline. Actress and activist Jane Fonda and anti-ageism advocate Ashton Applewhite present "Sunday Morning" viewers with a key to living a longer life, by maintaining a better outlook.
President-elect Donald Trump's pick to lead the Department of Health and Human Services, Robert F. Kennedy Jr., says fluoride can cause health problems and wants it removed from our drinking water. CBS News medical contributor Dr. Celine Gounder, editor-at-large for public health at KFF Health News, has more on the risks and benefits that come with fluoride.
A Chinese national living in California is accused of exporting guns and ammunition to North Korea at the direction of North Korean agents.
Notre Dame is set to reopen this weekend after a 2019 fire, with a grand celebration.
South Korea's main opposition party on Wednesday urged South Korean President Yoon Suk Yeol to resign immediately or face impeachment.
The stash of over 1,300 coins has become known as the Worcestershire Conquest Hoard.
Iran has released dissident rapper Toomaj Salehi more than two years after his backing of women's rights protests over Mahsa Amini's death landed him in prison.
A touring British indie-rock band said they lost personal gear when armed robbery targeted their van while they were getting coffee at a Vallejo Starbucks Tuesday morning on the first day of their U.S. tour.
Debbie Nelson's fraught relationship with her son Eminem had been no secret since the Detroit rapper became a star.
In this web exclusive, singer-songwriter-actress-entrepreneur Selena Gomez opens up to correspondent Tracy Smith about her experiences graduating from Disney Channel programs to her latest film, “Emilia Pérez,” and her series “Only Murders in the Building”; how rejection fueled her ambition and subsequent success; her revealing documentary, “My Mind & Me,” in which she discusses her physical and mental health struggles; and of life beyond social media.
The New York Film Critics Circle, one of the nation's oldest and most venerated critics' groups, is kicking movie awards season into high gear Tuesday as they select their choices for the best of 2024.
Oprah Winfrey's new book club selection, "Small Things Like These" by Claire Keegan, explores courage and compassion in 1985 Ireland.
Hackers' favorites top this year's list of most common passwords, with "123456," "password" and "qwerty123" leading the pack. Experts warn these choices make your accounts an easy target.
Bluesky has added millions of new subscribers in the last month as some users leave X. Here's what to know.
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.
In California, a company is running a pilot program for drone food delivery. Itay Hod takes a look at how the service works.
Canada's Competition Bureau says that an investigation found the company "unlawfully" tied together its ad tech tools to maintain its dominant market position.
CBS News tracked plastic cups meant to be recycled by Starbucks and found that most of those did not end up at recycling facilities. CBS News' David Schechter breaks down the investigation's findings.
Scientists now have a clearer picture of Camp Century, an abandoned U.S. military base long hidden under the ice in Greenland, thanks to a NASA research team's good luck.
Negotiators are far apart as the United Nations tries to work out the world's first treaty to curb plastic pollution. Issues creating roadblocks include limiting new manufacturing of plastic and the potential phasing out of some chemicals. For more on the talks, CBS News was joined by Erin Simon, vice president and head of plastic waste and business for the World Wildlife Fund in the U.S.
Forensic pathologists hope advanced DNA testing technology will enable them to attach names to all the unidentified people at the Honolulu Medical Examiner's Office.
At the Johnson Space Food Systems Laboratory in Houston, NASA scientists develop dishes – freeze-dried, heat-stabilized, or irradiated – to serve on the International Space Station. Correspondent David Pogue checks out what's on the menu in Earth orbit.
Attorneys for defendant Nima Momeni on Tuesday wrapped up their closing argument with a surprise video clip they claimed showed stabbing victim and Cash App founder Bob Lee doing cocaine with the murder weapon.
A touring British indie-rock band said they lost personal gear when armed robbery targeted their van while they were getting coffee at a Vallejo Starbucks Tuesday morning on the first day of their U.S. tour.
The jury is deliberating in Daniel Penny's trial for the chokehold death of Jordan Neely on a New York City subway back in 2023. CBS News New York's Christina Fan reports.
The case drew national attention, with some comparing Ashley Benefield to the protagonist of the 2010 film "Black Swan."
Shenghua Wen, a Chinese national living in California, has been charged by federal law enforcement for allegedly shipping guns and ammunition to North Korea. Prosecutors allege Wen received $2 million from North Korean agents to purchase the equipment, according to a complaint.
The Sombrero galaxy, named for its resemblance to the Mexican hat, is about 30 million light-years from Earth.
Marc and Sharon Hagle, both making their second space flight, were among the passengers for the NS-28 mission.
The ninth Blue Origin space tourism flight launched from West Texas Friday morning. CBS News space consultant Bill Harwood and space expert Scott Heidler offered analysis of the flight.
President-elect Donald Trump attended SpaceX's sixth flight test of its Super Heavy-Starship on Tuesday with CEO Elon Musk. The burgeoning friendship between the two men played a key role in Trump's reelection, with Musk now set to run a government efficiency agency in the coming months. CBS News political reporter Jake Rosen and Politico aviation reporter Oriana Pawlyk join "America Decides" with more.
President-elect Donald Trump was on hand with Elon Musk for the sixth test flight of SpaceX's huge Super Heavy-Starship rocket.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
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.
See some of convicted serial killer Rodney Alcala's photographs that were discovered by detectives in a Seattle storage locker.
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.
President-elect Donald Trump's defense secretary pick Pete Hegseth met with Republican senators on Tuesday amid allegations ranging from sexual assault to workplace misconduct. Hegseth and his attorney have denied any wrongdoing. CBS News chief White House correspondent Nancy Cordes and CBS News congressional correspondent Scott MacFarlane report on the mixed response from GOP senators.
South Korean President Yoon Suk Yeol lifted his martial law order just hours after he announced that the country would be subject to military rule. The country's parliament voted to reject the president's initial declaration. CBS News national security contributor Sam Vinograd breaks it down.
Two sheriff's deputies are being praised for their courage in their rescue of two children who were trapped in a backyard when a home caught fire this weekend in a suburb of Denver, Colorado. The deputies tore a fence apart piece by piece to reach the siblings. Alan Gionet has more on the dramatic rescue.
A record number of CEOs have left their roles in 2024, according to an analysis by a career transitioning firm. Stellantis and Intel's CEOs contributed to the trend this week as the companies face declining stock prices. Andy Challenger, senior vice president of Challenger, Gray & Christmas, joins "The Daily Report" to discuss.
Several North Carolina counties opened warming shelters for people without heat access or who were displaced by Hurricane Helene last September. Some are enduring the cold while living in tents as they wait for more aid. CBS News correspondent Janet Shamlian reports.