Yellen rules out bailout for SVB
Treasury Secretary Janet Yellen called the Silicon Valley Bank failure a "concern," but she emphasized that there would not be a bailout. "We're not going to do that again," she told "Face the Nation."
Janet Yellen
Yellen rules out bailout for SVB: "We're not going to do that again"
The collapse of Silicon Valley Bank is the largest of a financial institution since the failure of Washington Mutual in 2008.
Open: This is "Face the Nation with Margaret Brennan," March 12
This week on "Face the Nation with Margaret Brennan," an exclusive interview with Treasury Secretary Janet Yellen, plus Democratic Rep. Ro Khanna and House Foreign Affairs committee chair Republican Rep. Michael McCaul.
Yellen calls Republican plan to prioritize payments "default by another name"
The Treasury Department has been using so-called extraordinary measures to keep paying the bills since the government hit the debt limit in January.
Russian forces intensify Bakhmut offensive
Russian forces are intensifying their offensive in eastern Ukraine as they attempt to encircle the mining city of Bakhmut. Ukraine's military says the situation on the ground is "extremely tense." CBS News foreign correspondent Imtiaz Tyab joined Anne-Marie Green on "CBS News Mornings" with the latest from Ukraine.
Biden to announce more sanctions on Russia
President Biden is expected to announce new sanctions on Russia, and administration officials are warning any countries that help Russia evade those economic sanctions will face consequences as well. Deputy Treasury Secretary Wally Adeyemo joins CBS News to explain the administration's plans, and why he's confident the sanctions are successful despite some saying there hasn't been the impact they had hoped.
Yellen describes "catastrophe" that will result if debt limit isn't raised
The treasury secretary warned household payments on mortgages and auto loans would go up, and other payments to military families and seniors would not be made.
Yellen: Defaulting on debt would be "catastrophe"
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.
Can the U.S. catch up to China and Russia's African outreach?
After decades of investment and blossoming ties with Beijing and Moscow, experts say "short-term courtship" of African nations simply won't suffice.
Protecting your money amid debt ceiling concerns
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.
Treasury takes action as U.S. hits debt ceiling
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.
Treasury enacts "extraordinary measures"
The Treasury Department announced Thursday the U.S. has hit its debt ceiling. It means the country has reached its borrowing limit and is in danger of possibly defaulting as soon as June. Cristian deRitis, deputy chief economist at Moody's Analytics, joined CBS News to discuss.
Analyzing the impact of hitting the debt limit
The U.S. hit its $31.4 trillion debt ceiling Thursday, prompting the Treasury Department to enact "extraordinary measures" to delay a default. CBS News congressional correspondent Scott MacFarlane reports from Capitol Hill, and CBS News business analyst Jill Schlesinger discusses what this could mean for the U.S. economy.
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.
U.S. hits debt ceiling limit
The Treasury Department announced the U.S. has hit its debt ceiling. The announcement means the country has reached its borrowing limit and is in danger of defaulting as soon as June. CBS News congressional correspondent Scott MacFarlane has more.
Looming debt ceiling crisis
U.S. Treasury Secretary Janet Yellen said last week that the nation will reach the debt limit on Thursday, prompting a slew of warnings from Wall Street analysts. Scott MacFarlane reports.
Debt limit standoff between Biden, House GOP
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.
U.S., China urged to bridge "tectonic rift"
U.S. Treasury Secretary Janet Yellen met with her Chinese counterpart on Wednesday in Switzerland. CBS News anchors Lana Zak and Errol Barnett spoke with Amy Celico, a principal with the foreign policy firm Albright Stonebridge Group, about the state of U.S.-Chinese relations.
What does the debt ceiling mean for you?
The U.S. is expected to hit the debt ceiling on Thursday and trigger some emergency measures to avoid the risk of default. CBS News' Anne-Marie Green takes a look at how this may impact your finances.
Yellen meets with Chinese economic officials
Treasury Secretary Janet Yellen met with top Chinese economic officials in Switzerland Wednesday for over two hours. CBS News reporter Sarah Ewall-Wice joined Vladimir Duthiers and Anne-Marie Green to discuss the talks and what it means for the global economy.
Questions for White House on Biden documents
CBS News senior White House correspondent Weijia Jiang and CBS News congressional correspondent Scott MacFarlane join "Red and Blue" with the latest on the response to classified documents found at President Biden's home and former office, as well as concerns about the economy as the U.S. is set to hit the federal debt limit.
U.S. to reach debt limit on Thursday
The U.S. is expected to hit its debt borrowing limit in a couple of days. CBS News political director Fin Gomez covers has more on that and how the 2024 Republican presidential primary is shaping up.
U.S. to hit debt limit Thursday
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.
Congress faces looming federal deb limit
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.
U.S. expected to hit debt limit this week
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.
Iran dangles investment proposals as off-ramp from Trump's gunboat diplomacy
President Trump has one bright red line for Iran's nuclear program and some areas of flexibility as he weighs military strikes or a possible deal in the coming days.
Former Prince Andrew arrested over Epstein files revelations
Andrew Mountbatten-Windsor, King Charles III's younger brother, has been arrested over suspected misconduct in public office after revelations in the Epstein files.
Eric Dane, "Grey's Anatomy" star diagnosed with ALS, dies at 53
In April 2025, Eric Dane announced he had been diagnosed with amyotrophic lateral sclerosis, or ALS.
Alysa Liu wins gold for U.S. in women's figure skating at Winter Olympics
Three figure skaters from Team USA competed in the women's individual free skate event at the Milan Cortina Winter Games.
Patel takes FBI jet to Italy, plans to watch Olympic hockey medal rounds, sources say
Patel took an FBI jet to Italy and plans to watch the Men's USA Olympic hockey team compete in the medal rounds, multiple sources said.
Trump tells Pentagon to release files on UFOs and "alien and extraterrestrial life"
President Trump directed his administration to release files on UFOs and any "alien and extraterrestrial life," an issue that has drawn decades of fascination — and spawned more than a few wild theories.
Scores of U.S. warplanes head for key bases amid standoff with Iran
As Trump pressures Iran, he's spoken of an "armada" heading for the Mideast, but there's another massive movement of American fire power in the air.
FBI in touch with Mexico about Nancy Guthrie's disappearance, sources say
The FBI has been in touch with the Mexican government and Mexican law enforcement regarding the disappearance of Nancy Guthrie, law enforcement sources told CBS News.
NASA's new chief rebukes Boeing, space agency over problem-plagued Starliner mission
Astronauts Barry "Butch" Wilmore and Sunita Williams were expecting to spend eight to 10 days in space. They ended up remaining in orbit for 286 days.
U.S.
More U.S.
Eric Dane, "Grey's Anatomy" star diagnosed with ALS, dies at 53
In April 2025, Eric Dane announced he had been diagnosed with amyotrophic lateral sclerosis, or ALS.
Trump tells Pentagon to release files on UFOs and "alien and extraterrestrial life"
President Trump directed his administration to release files on UFOs and any "alien and extraterrestrial life," an issue that has drawn decades of fascination — and spawned more than a few wild theories.
California avalanche survivors tried to unbury their friends, official says
The avalanche, the deadliest in California history, killed at least eight people and left a ninth person missing.
Virginia Giuffre's family says U.S. government response to Epstein files is "shameful"
Andrew Mountbatten-Windsor was arrested Thursday for suspected misconduct in public office stemming from revelations in the Jeffrey Epstein files.
New Mexico reopens investigation linked to Epstein's former Zorro Ranch
New Mexico's attorney general has reopened an investigation into allegations of illegal activity at Jeffrey Epstein's former Zorro Ranch.
MoneyWatch
More MoneyWatch
Lawsuit against Amazon over suicides linked to chemical can go to trial
Four families whose loved ones died after consuming sodium nitrite allege that Amazon sold the product despite being aware it could be used for suicide.
How a U.S. strike on Iran could affect American drivers and borrowers
Oil prices could surge depending on the level of disruption from U.S. military strikes on Iran, Wall Street analysts say.
Olympians going for gold juggle day jobs to bring in some green
Olympians often hold down jobs to pay the bills, highlighting the financial challenges facing many athletes competing on the Olympic stage.
Judge scolds Mark Zuckerberg's team for wearing Meta glasses to trial
A Los Angeles judge ordered Meta officials to remove their AI glasses at a trial over the impact of social media on users.
Nissan recalls nearly 643,000 vehicles over engine and gear risks
Separate gear and engine problems with some Nissan Rogue compact SUVs can cause them to lose power, safety regulators warn.
Politics
More Politics
Iran dangles investment proposals as off-ramp from Trump's gunboat diplomacy
President Trump has one bright red line for Iran's nuclear program and some areas of flexibility as he weighs military strikes or a possible deal in the coming days.
Trump tells Pentagon to release files on UFOs and "alien and extraterrestrial life"
President Trump directed his administration to release files on UFOs and any "alien and extraterrestrial life," an issue that has drawn decades of fascination — and spawned more than a few wild theories.
Virginia Giuffre's family says U.S. government response to Epstein files is "shameful"
Andrew Mountbatten-Windsor was arrested Thursday for suspected misconduct in public office stemming from revelations in the Jeffrey Epstein files.
New Mexico reopens investigation linked to Epstein's former Zorro Ranch
New Mexico's attorney general has reopened an investigation into allegations of illegal activity at Jeffrey Epstein's former Zorro Ranch.
Patel takes FBI jet to Italy, plans to watch Olympic hockey medal rounds, sources say
Patel took an FBI jet to Italy and plans to watch the Men's USA Olympic hockey team compete in the medal rounds, multiple sources said.
HealthWatch
More HealthWatch
Federal tax dollars subsidize health care plans in ways you may not realize
Critics have questioned why the federal government should underwrite coverage costs for people with ACA health plans — but almost all health insurance in the U.S. comes with some federal help.
NIH's Jay Bhattacharya will also serve as acting CDC director
The Centers for Disease Control and Prevention hasn't had a Senate confirmed director since last summer, and that official was in the job for less than a month.
Moderna says FDA to review its flu vaccine after reversing course
With the reversal from the FDA, Moderna said it is aiming to make the vaccine available for the 2026-27 flu season.
FDA investigating Salmonella outbreak connected to moringa powder
Rosabella-brand moringa capsules could be linked to Salmonella cases in seven U.S. states, health officials said.
Measles cases at university in Florida soar to nearly 60
Twenty one states in the U.S. have confirmed cases of measles.
World
More World
Virginia Giuffre's family says U.S. government response to Epstein files is "shameful"
Andrew Mountbatten-Windsor was arrested Thursday for suspected misconduct in public office stemming from revelations in the Jeffrey Epstein files.
Alysa Liu wins gold for U.S. in women's figure skating at Winter Olympics
Three figure skaters from Team USA competed in the women's individual free skate event at the Milan Cortina Winter Games.
Team USA wins gold over Canada in women's hockey overtime thriller at Winter Games
This was the seventh gold medal match — and fifth in a row — between the two hockey powerhouses.
U.S. speedskating star Jordan Stolz wins 3rd medal at Winter Olympics
Team USA speedskater Jordan Stolz came just short of his third Olympic gold on Thursday, taking silver in the men's 1,500-meter race.
Here's what's in the Epstein files about former Prince Andrew
Former Prince Andrew's arrest followed the release of a massive trove of Epstein files by the U.S. Justice Department that included a series of potentially incriminating documents related to his activities as trade envoy.
Entertainment
More Entertainment
Entertainment
Alarming AI video of Brad Pitt, Tom Cruise
A ByteDance AI-generated video that appears to show Brad Pitt and Tom Cruise in a fight scene has sent shock waves across Hollywood. Actor Sean Astin, the president of the SAG-AFTRA labor unions, joins CBS News with more.
Former winner on "Top Model" docuseries
Former "America's Next Top Model" contestant Eva Marcille, known as Eva Pigford on the show, joins "CBS Mornings" to discuss the new docuseries exploring the show's controversies. Marcille, the winner of season three in 2004, describes the shocking revelations she learned through watching the docuseries.
Druski on launching career and controversy
Druski speaks to "CBS Mornings" about how he rose to global fame after starting his comedy skits on Instagram in 2017 and some of the controversy in his work, including at the NFL Honors earlier this month.
Jon Taffer on "Bar Rescue" season premiere
Jon Taffer is debuting a new season of "Bar Rescue" on Paramount+, and he joined CBS News 24/7 Mornings with more on what to expect.
"Top Model" docuseries on show controversies
For 24 seasons, supermodel Tyra Banks promised young women the chance to become the next big name in fashion on the show "America's Next Top Model." In a new Netflix documentary, former contestants, judges and Banks herself revisit some of the more controversial episodes of the reality show that aired from 2003 to 2018.
Technology
More Technology
Technology
Social psychologist on social media addiction
One of the catalysts for the social media addiction debate was a 2024 book called "The Anxious Generation" by social psychologist Jonathan Haidt. His new book tries to help parents and kids break free from screens. Haidt joins CBS News to discuss Mark Zuckerberg, the ongoing social media addiction trial and artificial intelligence.
Judge scolds Mark Zuckerberg's team for wearing Meta glasses to trial
A Los Angeles judge ordered Meta officials to remove their AI glasses at a trial over the impact of social media on users.
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.
Mark Zuckerberg grilled in court
Meta CEO Mark Zuckerberg took the stand at the social media addiction trial examining whether children and teens were given access to an addictive and harmful product. CBS News' Carter Evans reports.
Zuckerberg testifies at social media trial
Meta CEO Mark Zuckerberg testified Wednesday in a civil case over social media addiction allegations that skyrocketing social media use shows how people value the sites and it's not a strategy to keep users addicted. Jo Ling Kent reports.
Science
More Science
In a first, shark seen on camera in Antarctica waters, surprising researchers
A large shark was caught on camera for the first time in Antarctica's waters, surprising researchers. "There's a general rule of thumb that you don't get sharks in Antarctica," one said.
How Washington's crossing of the Delaware presaged a changing world
On the evening of Christmas 1776, Gen. George Washington surprised the King's forces by leading the Continental Army in a surprise crossing of a near-frozen Delaware River - a watershed military maneuver that dramatized a changing America, and a changing climate.
These United States: George Washington and climate change
On the evening of Christmas 1776, Gen. George Washington surprised the King's forces by leading the Continental Army in an unanticipated crossing of a near-frozen Delaware River. Environmental correspondent David Schechter looks at how Washington's watershed military maneuver dramatized both a changing America, and a changing climate.
Impact of climate change on Winter Olympics
The Winter Olympics in Milan need artificial snow due to climate change and warmer weather. Athletes say man-made snow makes terrain more difficult and unpredictable. Rob Marciano reports on its impact.
Scientists "quite surprised" to find one polar bear population thriving
After decades monitoring polar bears in Norway's far north, researchers say the animals have proven incredibly adaptable, but there are no guarantees for the future.
Crime
More Crime
Crime
Virginia Giuffre's family on former Prince Andrew arrest
British authorities arrested the former Prince Andrew on Thursday over potential misconduct in public office after revelations in the Epstein files. Sky and Amanda Roberts, the brother and sister-in-law of survivor Virginia Giuffre, who died in 2025, join "The Takeout" to discuss.
Former Prince Andrew released from custody
Former Prince Andrew spent 11 hours in a British jail on Thursday as he faces an investigation for possible wrongdoing as a trade official after revelations in the Jeffrey Epstein files. CBS News senior foreign correspondent Imtiaz Tyab has more.
Trump reacts to former Prince Andrew's arrest
Andrew Mountbatten-Windsor, the former British prince, was arrested on Thursday over suspected misconduct in public office revealed in the Epstein files. CBS News London bureau chief Tina Kraus has the latest.
World reacts to former Prince Andrew's arrest
Former Prince Andrew's arrest for suspected misconduct in public office has rocked the U.K. Tom Symonds with BBC News, a CBS News partner, has more.
FBI in contact with Mexico on Guthrie case
The FBI is in touch with Mexican officials regarding the search for Nancu Guthrie, law enforcement sources tell CBS News. Andres Gutierrez reports.
Space
More Space
Space
New NASA boss criticizes agency over Starliner
NASA's new boss blasted both Boeing and his own space agency for the botched Starliner flight that left two astronauts stuck in space for months.
NASA's new chief rebukes Boeing, space agency over problem-plagued Starliner mission
Astronauts Barry "Butch" Wilmore and Sunita Williams were expecting to spend eight to 10 days in space. They ended up remaining in orbit for 286 days.
Artemis II moon rocket refueled in practice countdown setting stage for historic flight
Engineers were able to fully fuel NASA's Artemis II moon rocket without any signs of leaks like the ones that derailed an earlier dress rehearsal.
Fresh crew arrives at International Space Station to boost numbers back to 7
The Crew 12 docking came one month after a previous crew had to return to Earth early due to a medical issue.
SpaceX launches crew to ISS
NASA and SpaceX launched a new mission to the International Space Station with four crew members on board to replace the team that returned last month due to a medical issue with one member. Mark Strassmann has more.
Latest Galleries
More Latest Galleries
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
More Latest CBS News Videos
Latest CBS News Videos
Extended interview: Andrew Yang
During the 2020 presidential race, Andrew Yang warned of the dangers of artificial intelligence long before it was on Washington, D.C.'s radar. He's out with a new book about his experience running for office, "Hey Yang, Where's My Thousand Bucks?", and joins "The Takeout" to discuss his views on the state of U.S. politics and AI.
Sources: Kash Patel takes FBI jet to Italy
FBI Director Kash Patel used an agency jet to fly to Italy with plans to attend the Olympic men's hockey games, sources say. CBS News senior Justice Department reporter Sarah Lynch has the latest.
Texas court hears appeal in midwife abortion case
A Texas court on Thursday heard a midwife's appeal in a civil lawsuit filed by Attorney General Ken Paxton, accusing her of violating the state's abortion ban. CBS News reporter Karen Hua has the details.
Virginia Giuffre's family on Epstein conspirators
The family of the late Virginia Giuffre is taking the arrest of former Prince Andrew as a victory, but says U.S. officials have not done enough when it comes to the Jeffrey Epstein files. Republican strategist Harrison Fields and Democratic influencer Carlos Eduardo Espina join to examine the potential political ramifications.
Team USA women's hockey team wins Olympic gold
The Team USA women's hockey team defeated Canada in a thriller to take Olympic gold Thursday, while Alysa Liu ended the U.S.'s two decade medal drought in figure skating . Kelly O'Grady is following all the Olympic action from Milan.