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.
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Nation is edging closer to statutory debt ceiling of $31.4 trillion. "We are addicted to debt," one expert said.
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.
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.
Senator Pat Toomey, R-Pennsylvania, joins "CBS Mornings" to discuss why Republicans won't support helping Democrats raise the debt ceiling.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
The surge is largely due to increased spending and revenue lost to GOP tax cuts
Over the next decade, the U.S. will spend about $1.2 trillion more than it takes in every year, CBO estimates
There's no precedent for debt this high during an economy this good, raising several troublesome issues
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.
Rising interest rates and a growing deficit are sending the costs of the U.S.' "credit card balance" to a 25-year high
Even as the country's economy booms, an exploding federal deficit has interest payments vaulting upward
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.
Long-term interest rates are threatening to push bonds over a threshold that has spooked investors in the past.
Authorities haven't named a suspect or person of interest in Nancy Guthrie's disappearance as the search continued for a third week.
Search teams are scouring the back country near California's Lake Tahoe for nine skiers still missing after an avalanche.
Trump has not yet made a final decision about whether to strike Iran, sources told CBS News.
The U.S. is planning to withdraw its remaining 1,000 troops from Syria over the next two months, U.S. officials told CBS News, ending a roughly decade-long presence there.
Regina Santos-Aviles told a colleague in a text message months before her death that she had an affair with Gonzales.
An avalanche near California's Lake Tahoe has become the fourth deadliest in U.S. history. Here's what we know about the six deadliest slides.
Billionaire retail tycoon Les Wexner testified before a House committee Wednesday as part of the panel's investigation into Jeffrey Epstein.
The wreck of the stone-hauling vessel is in the same area where the founder of the Cleveland Underwater Explorers died in 2024.
"The Late Show" host Stephen Colbert slammed CBS again on Tuesday night after the network issued a statement about his interview with Texas Democrat James Talarico.
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.
Authorities haven't named a suspect or person of interest in Nancy Guthrie's disappearance as the search continued for a third week.
Brad Reese claims Hershey is cutting costs by relying on cheaper ingredients, risking the Reese's brand.
Star figure skater Ilia Malinin stressed he was focused on moving forward and continuing to push the boundaries of the sport.
The wreck of the stone-hauling vessel is in the same area where the founder of the Cleveland Underwater Explorers died in 2024.
Brad Reese claims Hershey is cutting costs by relying on cheaper ingredients, risking the Reese's brand.
The Meta CEO defended his company's efforts to keep kids under 13 off of Instagram, but noted that there are "people who lie" about their ages.
With the reversal from the FDA, Moderna said it is aiming to make the vaccine available for the 2026-27 flu season.
A federal judge dismissed a lawsuit filed by an Illinois man who alleged that Buffalo Wild Wings' use of the term "boneless wings" was deceptive.
Tesla CEO Elon Musk has said the electric vehicle maker plans this year to greatly expand its self-driving taxi business.
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.
Trump has not yet made a final decision about whether to strike Iran, sources told CBS News.
The U.S. is planning to withdraw its remaining 1,000 troops from Syria over the next two months, U.S. officials told CBS News, ending a roughly decade-long presence there.
Regina Santos-Aviles told a colleague in a text message months before her death that she had an affair with Gonzales.
Billionaire retail tycoon Les Wexner testified before a House committee Wednesday as part of the panel's investigation into Jeffrey Epstein.
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.
With the reversal from the FDA, Moderna said it is aiming to make the vaccine available for the 2026-27 flu season.
Rosabella-brand moringa capsules could be linked to Salmonella cases in seven U.S. states, health officials said.
Twenty one states in the U.S. have confirmed cases of measles.
The Trump administration's new discounted drug platform, TrumpRx, isn't a game-changer for consumers, health care experts said.
Trump has not yet made a final decision about whether to strike Iran, sources told CBS News.
Ukraine calls a decision to allow Russian and Belarusian athletes to compete in the 2026 Paralympics under their nations' flags, "disappointing and outrageous."
Marius Borg Hoiby faces 38 charges, including raping four women while they were asleep or had passed out.
U.S.-brokered Ukraine-Russia peace talks wrap up with little to show, and Zelenskyy accusing Moscow of playing for time
Ski mountaineering is new to the Olympics, but it's actually one of the oldest forms of skiing. Here's more on the treacherous sport that pushes athletes to their limits.
Bad Bunny is set to star in his first leading role in the film "Porto Rico" alongside Javier Bardem, Viggo Mortensen and Edward Norton.
Academy Award-winning actor Robert Duvall died on Feb. 15, 2026 at the age of 95. In this June 25, 2006 "Sunday Morning" profile, the star of such classics as "The Godfather," "Apocalypse Now," and the TV miniseries "Lonesome Dove" talked with Rita Braver about his career, including the early days hanging out with Gene Hackman and Dustin Hoffman; his Oscar-winning performance as a country singer in "Tender Mercies"; and his love of westerns. He even gave a visiting reporter an impromptu tango lesson.
"The Late Show" host Stephen Colbert slammed CBS again on Tuesday night after the network issued a statement about his interview with Texas Democrat James Talarico.
"The Late Show" host Stephen Colbert criticized CBS on Monday night, saying the network blocked his interview with U.S. Senate hopeful James Talarico from airing.
Anderson Cooper will report multiple stories for "60 Minutes" before the end of the television season in May.
Meta CEO Mark Zuckerberg was in court on Wednesday, testifying in a pivotal trial on social media addiction and potential legal remedies. CBS News correspondent Carter Evans has the details.
Meta CEO Mark Zuckerberg defended his social media company in court on Wednesday against allegations that it's designed its apps to be addictive and harmful to children. CBS News' Carter Evans reports on the trial, and technology journalist Jacob Ward has more details.
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.
Meta CEO Mark Zuckerberg is testifying in a landmark social media addiction trial on Wednesday. CBS News correspondent Carter Evans has more.
The Meta CEO defended his company's efforts to keep kids under 13 off of Instagram, but noted that there are "people who lie" about their ages.
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.
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.
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.
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.
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.
The Pima County sheriff told CBS News that investigators have not ruled out the possibility of an accomplice in the disappearance of Nancy Guthrie. CBS News reporter Andres Gutierrez has the latest.
Authorities haven't named a suspect or person of interest in Nancy Guthrie's disappearance as the search continued for a third week.
DNA on gloves found near Nancy Guthrie's home did not match any in the FBI's database, the agency said, but investigators are still focusing on possible evidence as the search for "Today" co-host Savannah Guthrie's mother continues. CBS News' Andres Gutierrez has the latest.
Marius Borg Hoiby faces 38 charges, including raping four women while they were asleep or had passed out.
Meta CEO Mark Zuckerberg is taking the stand at a landmark trial on the effects of social media. CBS News' Jo Ling Kent reports.
The Crew 12 docking came one month after a previous crew had to return to Earth early due to a medical issue.
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.
The two-woman, two-man crew is replacing four other station fliers who came home early last month due to a medical issue one was having.
NASA and SpaceX say they have completed their final reviews and are ready to launch a crewed mission to the International Space Station on Friday. Retired NASA astronaut Leroy Chiao joins "The Daily Report" to discuss.
A United Launch Alliance Vulcan rocket carrying classified Space Force payloads suffered a booster problem but apparently made an otherwise "nominal" ascent to space, the company said.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
House Minority Leader Hakeem Jeffries is applying pressure on Maryland Democrats to redraw the state's congressional map. Julia Manchester, White House correspondent for The Hill, and Marianna Sotomayor, congressional reporter for The Washington Post, join to discuss.
Presidents enjoy unchecked power to issue pardons. Some in Congress want to change that. Democratic Rep. Johnny Olszewski of Maryland joins "The Takeout" to discuss his proposed constitutional amendment that has the support of at least one Republican.
President Trump has discussed plans for strikes on Iran as soon as this weekend, but has not yet made a decision, sources say. CBS News senior national security correspondent Charlie D'Agata has more.
Meta CEO Mark Zuckerberg was in court on Wednesday, testifying in a pivotal trial on social media addiction and potential legal remedies. CBS News correspondent Carter Evans has the details.
CNET recently found that less than half of adults think they can spot AI online. Abrar Al-Heeti, senior technology reporter for CNET, joins CBS News to discuss.