U.S. starts fiscal year with record $31 trillion in debt

Nation is edging closer to statutory debt ceiling of $31.4 trillion. "We are addicted to debt," one expert said.

• Oct 5, 2022

U.S. troops to leave Afghanistan by August 31

America's longest war is coming to an end, with President Biden announcing the withdrawal of U.S. troops from Afghanistan will conclude by August 31. CBS News senior White House and political correspondent Ed O'Keefe, Politico White House correspondent and associate editor Anita Kumar, and The Washington Post's Capitol Hill reporter Rhonda Colvin join CBSN's "Red & Blue" with more on the impact, as well as the latest push by Democrats to protect voting rights.

• Jul 8, 2021
• 17:44

Biden says U.S. will pay down national debt for first time in 6 years

The president emphasized how strong job gains have increased total incomes and led to additional tax revenues that have improved the government's balance sheet.

• May 5, 2022

Senator Pat Toomey on raising debt ceiling

Senator Pat Toomey, R-Pennsylvania, joins "CBS Mornings" to discuss why Republicans won't support helping Democrats raise the debt ceiling.

• Sep 30, 2021
• 04:58

House to vote on debt ceiling extension

House lawmakers will vote Tuesday evening on legislation to raise the nation's debt ceiling. CBS News congressional correspondent Nikole Killion gives CBSN's Tanya Rivero an update on what's at stake.

• Oct 12, 2021
• 04:55

Congress at odds over how to avoid debt default

President Biden is facing perhaps the most pivotal week of his presidency as Democrats seek to pass the main pillars of his legislative agenda while a government shutdown looms. Nikole Killion reports.

• Sep 27, 2021
• 02:10

Congress faces debt ceiling standoff

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.

• Sep 21, 2021
• 05:55

Democrats finalizing $3.5 trillion spending bill

Lawmakers on Capitol Hill are working to push through their ongoing budget battle. Senate Democrats are finalizing the final text of their $3.5 trillion spending bill. But as CBS News' Skyler Henry reports, the Senate Parliamentarian delivered a blow to the party on its immigration plans. This comes as both House and Senate Democrats unveiled a spending measure to avoid a government shutdown coupled with a suspension to the national debt ceiling. Siobhan Hughes, a congressional reporter for The Wall Street Journal, joins CBSN's Elaine Quijano with more on how Republicans are reacting to the plan.

• Sep 20, 2021
• 06:58

Immigration plan blocked from spending bill

Senate Democrats hoped to include pathway to citizenship for millions of immigrants in their $3.5 trillion budget proposal, but the Senate parliamentarian ruled against it. CBS News congressional correspondent Nikole Killion joins CBSN AM with the latest on that plus the upcoming deadline for raising the debt ceiling.

• Sep 20, 2021
• 06:22

Senate passes bipartisan infrastructure bill

A massive infrastructure bill passed in the Senate, with 19 Republicans joining every Democrat in voting for it. Kris Van Cleave has more on what's in the bill.

• Aug 10, 2021
• 01:41

What's next for infrastructure bill?

A total of 70 senators appear poised to carry a big bipartisan infrastructure package to passage, with lawmakers eager to tap new spending for their states and show voters back home they can deliver. Washington Post congressional reporter Rhonda Colvin joins CBSN's Anne-Marie Green and Vladimir Duthiers with analysis ahead of the much-anticipated vote.

• Aug 10, 2021
• 15:37

Biden proposes $6 trillion budget

President Biden is laying out his budget priorities to Congress with a $6 trillion proposal that would vastly expand social programs to help the neediest Americans. Maya MacGuineas of the Committee for a Responsible Federal Budget spoke with CBSN's Tanya Rivero about why she believes the national debt is a more important focus.

• May 28, 2021
• 05:32

Fiscal conservatism?

Republicans could soon vote on their tax plan after it cleared a key hurdle in the Senate. But at least four GOP senators have said they're concerned the bill will increase the deficit and add to the $20 trillion debt. President of the Committee for a Responsible Federal Budget, Maya MacGuineas, talks to CBSN about why increasing the deficit is such a concern.

• Nov 29, 2017
• 07:24

Economists react to Biden's recovery plan

President Biden's latest economic recovery proposal, the American Families Plan, would invest nearly $2 trillion dollars in education and child care, but some economists worry massive government spending could heat up the economy too quickly, causing inflation to soar. Washington Post economics correspondent Heather Long joins CBSN's "Red & Blue" anchor Elaine Quijano with the details.

• May 5, 2021
• 09:22

Biden pushes for new COVID-19 relief plan

President Biden is continuing to urge Republicans to endorse his new coronavirus relief plan. Republicans, however, are concerned about $1.9 trillion price tag. Christina Ruffini reports.

• Jan 30, 2021
• 02:10

Janet Yellen pushes for "big" federal action

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.

• Jan 19, 2021
• 04:47

Budget deal raises national debt concerns

President Trump and Democratic congressional leaders have reached a bipartisan federal budget agreement. But while the deal prevents a government shutdown, some experts are raising concerns about increasing the national debt long-term. Maya MacGuineas, president of the Committee for a Responsible Federal Budget, joined CBSN to discuss the deal.

• Jul 23, 2019
• 09:29

U.S. budget deficit hits highest level in 7 years

The surge is largely due to increased spending and revenue lost to GOP tax cuts

• Oct 25, 2019

U.S. deficit will top $1 trillion next year, watchdog says

Over the next decade, the U.S. will spend about $1.2 trillion more than it takes in every year, CBO estimates

• Aug 21, 2019

5 problems with a $22 trillion national debt

There's no precedent for debt this high during an economy this good, raising several troublesome issues

• Feb 14, 2019

National debt hits record high $22 trillion

The national debt has surpassed $22 trillion for the first time ever, and experts say that could hurt the economy. The 2017 tax cut bill and increased spending are the main reasons, CBSN's Reena Ninan reports.

• Feb 13, 2019
• 00:29

America's interest payments are about to skyrocket

Rising interest rates and a growing deficit are sending the costs of the U.S.' "credit card balance" to a 25-year high

• Dec 26, 2018

The skyrocketing interest payments on U.S. debt

Even as the country's economy booms, an exploding federal deficit has interest payments vaulting upward

• Oct 11, 2018

Dealing with debt

Areport from JP Morgan predicts U.S. debt per household is expected to surpass debt held by Americans for the first time ever. Darrick Hamilton, professor of economics and urban policy at the New School, joins CBSN to discuss.

• Sep 20, 2018
• 07:24

The dangers of Treasury bonds yielding 3 percent

Long-term interest rates are threatening to push bonds over a threshold that has spooked investors in the past.

• Aug 9, 2018

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