Yellen sticks to June 1 as possible U.S. default date
Secretary Janet Yellen told Congress Monday that the Treasury Department has already seen borrowing costs "increase substantially" for securities maturing in early June.
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Secretary Janet Yellen told Congress Monday that the Treasury Department has already seen borrowing costs "increase substantially" for securities maturing in early June.
Alex Gangitano, a White House reporter for The Hill, joins CBS News' Lilia Luciano and Tony Dokoupil to discuss the ongoing debt ceiling standoff in Washington. President Biden is expected to meet with congressional leaders for a second time to discuss the issue on Tuesday.
The number of migrants crossing the southern border has dropped following the expiration of Title 42. President Biden is expected to meet with congressional leaders this week to discuss the debt crisis. CBS News senior White House correspondent Weijia Jiang and CBS News congressional correspondent Nikole Killion join Anne-Marie Green and Vlad Duthiers with more.
President Biden is expected to meet with the top members of Congress for a second time to discuss the debt ceiling. CBS News Congressional correspondent Nikole Killion joins Lilia Luciano and Tony Dokoupil to discuss the ongoing debt limit showdown in Washington, D.C.
President Biden and top congressional leaders are expected to continue talks this week to avoid a debt ceiling crisis. CBS News senior White House correspondent Weijia Jiang joins "CBS News Mornings" to discuss.
The Congressional Budget Office said Friday there is a significant risk the U.S. won't be able to pay its bills sometime in the first two weeks of June unless lawmakers reach a deal to raise the debt ceiling. CBS News congressional correspondent Nikole Killion has the latest on where negotiations stand.
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.
CBS News political contributor Ashley Etienne and CBS News political analyst Leslie Sanchez join anchors Anne-Marie Green and Vlad Duthiers to discuss some of the top stories of the week, including the expiration of the Title 42 border policy, former President Trump's town hall, and the looming deadline over the debt ceiling.
President Biden and top Republicans are postponing a planned White House meeting on the debt ceiling. CBS News congressional correspondent Scott MacFarlane joins with the latest.
Millions of Social Security recipients "need to be very careful" about spending because payments could be delayed, one expert said.
The 14th Amendment states the validity of the debt "shall not be questioned" — but invoking it might not protect the U.S. from economic consequences.
President Biden will host his second debt ceiling meeting with Congressional leaders Friday, after Treasury Secretary Janet Yellen warned of serious economic consequences if the U.S. defaults on its debt. CBS News senior White House and political correspondent Ed O'Keefe joins us to discuss that plus a new Biden administration proposal to reduce power plant emissions.
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.
Former President Donald Trump said in a CNN town hall that Carroll's story was "fake" and "made up," despite the swift and unanimous verdict.
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."
Legal experts have been pushing for creative solutions to do away with the problem of the debt ceiling altogether. One is to rely on the 14th Amendment of the Constitution. Jeff Stein, White House economics reporter for the Washington Post, breaks down the proposed approach.
President Biden will meet with the top four members of Congress again on Friday after he and the lawmakers appeared to make little progress on the debt ceiling Tuesday. CBS News senior White House and political correspondent Ed O'Keefe joins Errol Barnett and Lana Zak to discuss on the latest the ongoing debt limit battle.
President Biden and the top congressional leaders are planning to meet again on Friday after their meeting on the debt ceiling Tuesday ended with no clear path forward. CBS News senior White House and political correspondent Ed O'Keefe joins "CBS News Mornings" with more on what the next steps are.
No deal was reached Tuesday during a White House meeting with congressional leaders about raising the debt ceiling. House Speaker Kevin McCarthy said staff members representing them will continue to talk, and all five leaders will meet again. Ed O'Keefe reports from the White House.
"No one should assume that the Fed can… really protect the economy and the financial system, and our reputation globally, from the damage such an event might inflict," Federal Reserve Chairman Jerome Powell said.
President Biden hosted top congressional leaders at the White House Tuesday afternoon to discuss the debt ceiling standoff. Mark Zandi, chief economist for Moody's Analytics, joins with a look at where talks could go in the coming weeks.
President Biden is meeting with top congressional leaders at the White House about the debt ceiling. CBS News senior White House correspondent Weijia Jiang and CBS News congressional correspondent Scott MacFarlane join with the latest from D.C.
In the debt ceiling negotiations, President Biden and congressional leaders are puzzling over a set of probabilities. John Dickerson examines how presidents ultimately land on an outcome.
President Biden met with top congressional leaders Tuesday, trying to prevent the economic chaos a default would cause if an agreement isn't reached on the debt ceiling. After the meeting, the president pointed out how far apart the two sides are. CBS News chief White House correspondent Nancy Cordes reports.
Republicans and Democrats still appear far apart on raising or suspending the debt ceiling. The five leaders are expected to meet again Friday.
Four former presidents were at the World Trade Center memorial site for 9/11 commemorations, while President Trump spoke at the Pentagon.
The visit mixes official talks with Irish leaders and an attendance of the Irish Open at a golf course which the president owns.
The CIA released 71 reports from the months and years leading up to 9/11, providing a new look at what the spy agency told two presidents before the deadly strikes.
Now the chairman of the Joint Chiefs of Staff, Gen. Dan Caine was a young fighter pilot mobilized in the response on Sept. 11, 2001.
The USS George Washington, with its approximately 5,000 personnel, fighter jets and munitions, is the backbone of the U.S. military's tactical operation in the Iran war.
The moves by the Houthis make it easier for the Iran-backed rebels to target ships transiting the crucial Bab el-Mandeb Strait for Saudi Arabian oil exports.
Affordable Care Act recipients in 30 states are set to receive the $500 checks starting in October. Here's why.
An American Airlines reservations agent who took Betty Ong's historic 9/11 call recalls the flight attendant's bravery.
A Navy sailor who was still on active duty as of this week appeared at the Republican midterm convention on Thursday.
The wildfire, which has torn through Palo Pinto and Jack counties, forced evacuations, closed roads and disrupted schools.
The visit mixes official talks with Irish leaders and an attendance of the Irish Open at a golf course which the president owns.
The USS George Washington, with its approximately 5,000 personnel, fighter jets and munitions, is the backbone of the U.S. military's tactical operation in the Iran war.
Now the chairman of the Joint Chiefs of Staff, Gen. Dan Caine was a young fighter pilot mobilized in the response on Sept. 11, 2001.
A federal jury in Los Angeles has acquitted Grammy-winning Chicago rapper Lil Durk in a murder-for-hire plot targeting another rapper.
Affordable Care Act recipients in 30 states are set to receive the $500 checks starting in October. Here's why.
The adjustment could provide financial relief for taxpayers who find that more of their income is taxed at lower rates, a Bloomberg analysis suggests.
Some workers are seeing stronger wage growth by switching jobs, while others are "job-hugging" because of AI, research shows.
Investors believe the Fed will raise borrowing costs as it works to tame inflation, which has risen a full percentage point since the Iran war started.
The Centers for Disease Control and Prevention said there is no longer a risk of people getting sick with cyclosporiasis from this outbreak and is confident that all related iceberg lettuce is off the market.
The USS George Washington, with its approximately 5,000 personnel, fighter jets and munitions, is the backbone of the U.S. military's tactical operation in the Iran war.
Now the chairman of the Joint Chiefs of Staff, Gen. Dan Caine was a young fighter pilot mobilized in the response on Sept. 11, 2001.
The court filing did not indicate what charges David Rush could plead to.
The candidates in Michigan's closely watched U.S. Senate race, Democrat Abdul El-Sayed and Republican Mike Rogers, have exchanged criticism over their records on the 9/11 attacks.
The CIA released 71 reports from the months and years leading up to 9/11, providing a new look at what the spy agency told two presidents before the deadly strikes.
Affordable Care Act recipients in 30 states are set to receive the $500 checks starting in October. Here's why.
The Centers for Disease Control and Prevention said there is no longer a risk of people getting sick with cyclosporiasis from this outbreak and is confident that all related iceberg lettuce is off the market.
Neither infant was old enough to be vaccinated. The first dose of the measles vaccine is typically given at around 1 year of age.
Amid a national blood supply crisis, Dr. Courtney Lawrence sat down with Norah O'Donnell to talk about donating blood, health myths and more.
Children in immigrant families are facing multiple health threats from President Trump's policies.
The visit mixes official talks with Irish leaders and an attendance of the Irish Open at a golf course which the president owns.
The men, who were arrested in the South African city of Cape Town in 2021, are set to be handed over to officials from the FBI.
Saudi Crown Prince Mohammed bin Salman has personally pressed President Trump to take military action against the Iran-backed Houthis, sources tell CBS News.
Once shunned over its extremist roots, the Sweden Democrats could enter government for the first time as voters weigh immigration, crime and Sweden's political transformation.
One of the women told police that she took the job for the money and because "I was attracted by the fact I could go to Japan for free," Nippon TV reported.
The Metro Nashville Airport Authority board voted 6-0 on Friday to begin the process of changing the name and said a final name has not been chosen.
Dolly Parton's younger sister sat down with Gayle King for a conversation that included Dolly's makeup routine and her decades-long love affair with her husband Carl.
Sandra Bullock and Lee Pace sat down with Adriana Diaz to discuss "Practical Magic 2," which premieres Friday.
Stella Parton gives insight into her sister Dolly Parton's marriage, makeup habits and views on death in an exclusive CBS News interview.
Dolly Parton's sister, Stella, sits down with Gayle King for her first interview since Dolly's death to discuss her sister's legendary life. Stella Parton says the country star was "definitely prepared" and at peace when she died last month.
A number of tech insiders have voiced concerns and given dire warnings in recent days about the rapid growth of AI. CBS News' Jo Ling Kent and Maya Blackstone have more.
Some tech insiders are sounding the alarm on the dangers of artificial intelligence, which could be used to disable critical infrastructure or create biological weapons. Dr. Céline Gounder weighs in.
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.
Two tech insiders are sounding the alarm on artificial intelligence. Former Anthropic researcher Jacob Coxon warns that AI could "kill us all," and now former Google DeepMind researcher Alex Turner warns that society is "just not prepared."
The development of AI "doesn't look that different from say, 'Terminator,' or from science fiction films," Jacob Coxon said.
Paleontologists have identified the first known trackway made by a full-grown Tyrannosaurus rex, and the discovery was made in the North Dakota badlands.
Ten research teams were honored at a satirical science awards ceremony that was hosted outside the U.S. for the first time due to travel concerns. A study of cockroach milk was among the winners.
Marmots, not bears, are the largest "true" hibernating mammal, UCLA marmot researchers Katie Adler and Emily Renkey say. The two share more fun facts about these cute creatures and explain how to vote for the fattest marmot.
NASA's new telescope could change the way we see space. With a wide-field camera that will reveal an area up to 200 times larger than the Hubble Space Telescope, and an orbit a million miles from Earth, the Nancy Grace Roman telescope is expected to find tens of thousands of unknown exoplanets.
The Great Smoky Mountains National Park told visitors Tuesday that invasive Joro spiders "may be hanging in a web near you."
Mississippi police have arrested a man in the death of Tasia Fortune, a Black woman found hanging from a tree last month.
25 years after 9/11, we rarely hear about the state of the organization responsible for the attacks. The Atlantic recently put out a piece on al-Qaeda that says in part, "analysts can't decide if the terrorist organization is all but defunct or more threatening than ever." The article's author, Graeme Wood, joins "The Takeout" to discuss.
The FBI is warning of potential attacks on 9/11 remembrance ceremonies as terrorist groups call for new strikes on U.S. soil. Anna Schecter has more.
The men, who were arrested in the South African city of Cape Town in 2021, are set to be handed over to officials from the FBI.
One of the women told police that she took the job for the money and because "I was attracted by the fact I could go to Japan for free," Nippon TV reported.
NASA's Roman Space Telescope launched shortly after daybreak from Kennedy Space Center and blazed toward an observation point 1 million miles away.
The $4.3 billion telescope is expected to discover tens of thousands of exoplanets while probing the nature of mysterious dark matter and energy.
President Trump plans to award the Congressional Space Medal of Honor to the crew of NASA's Artemis II mission in a ceremony Aug. 28.
The mission to save NASA's sinking space telescope has been called off, dooming the telescope to a fiery reentry later this year.
A NASA spacecraft circling the moon is providing the sharpest views yet of the crater carved by a crashing SpaceX rocket.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Dolly Parton, the country music legend who became a feminist icon, has died at the age of 80. Here is a look back at her life in pictures.
Sylvie Cachay was found dead in an overflowing bathtub at the exclusive Soho House in New York City on Dec. 9, 2010. A water leak at the hotel gave away a timeline that may have revealed her killer.
Summer is the time to enjoy live music, indoors and out. Scroll through our gallery of some of 2026's leading musical acts, featuring images by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
CBS News marks 25 years since the 9/11 terror attacks through powerful stories of survival, loss and resilience.
Tony Dokoupil reflects on the legacy of the September 11, 2001, terror attacks, 25 years later.
On Sept. 11, 2001, then-Maj. Dan Caine was chief of weapons and tactics for the 121st Fighter Squadron at Andrews Air Force Base in Maryland. Caine, now the chairman of the Joint Chiefs of Staff, tells Norah O'Donnell about jumping into action when the second plane hit the World Trade Center.
Tony Dokoupil tells the story of a New York City Fire Department family that experienced 9/11 through three generations and how they remember the loved one they lost 25 years later.
On Sept. 11, 2001, Darla Stuckey went to work at the New York Stock Exchange like any other morning. Then, moments after the World Trade Center attacks, she had a chance encounter that forever changed her life -- and that of a nine-month-old baby. Lesley Stahl has the story.