Biden hopes for "evidence" of possible debt ceiling deal by Friday's end
Treasury Secretary Janet Yellen set a new estimated "X" date for a possible government default if no deal is reached of June 5.
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Treasury Secretary Janet Yellen set a new estimated "X" date for a possible government default if no deal is reached of June 5.
Sources tell CBS News that Republican lawmakers and White House negotiators are getting very close to a deal to raise the nation's borrowing limit. There are still some issues to work out, but they appear to be closing in on a set of terms that would stave off the risk of default and avoid another showdown for about two years. CBS News chief White House correspondent Nancy Cordes has more.
John Dickerson explores the evolution of presidential campaigns from George Washington to John F. Kennedy.
President Biden nominated Air Force General Charles "CQ" Brown as the next chairman of the Joint Chiefs of Staff at a White House ceremony Thursday. CBS News national security correspondent David Martin has more.
Florida Republican Gov. Ron DeSantis officially launched his bid for the White House. The live announcement on Twitter Spaces with Elon Musk was delayed by 20 minutes due to technical difficulties. Robert Costa reports from Miami, Florida.
A 19-year-old man charged with driving a U-Haul into a security barrier near the White House made his first court appearance Wednesday. He was ordered to remain in custody until a detention hearing next week.
Florida Gov. Ron DeSantis is now officially a 2024 presidential candidate. He filed paperwork with the FEC Wednesday ahead of an expected live announcement on Twitter with Elon Musk. CBS News political director Fin Gómez joins to discuss what DeSantis' entry means for the GOP primary field.
President Biden delivered remarks marking one year since the deadly shooting at Robb Elementary School in Uvalde, Texas. Watch his address in this CBS News Special Report with reporting from CBS News correspondent Lilia Luciano and CBS News senior White House and political correspondent Ed O'Keefe.
Video from the scene showed officers confiscating a Nazi flag.
Florida Gov. Ron DeSantis is expected to launch his White House bid Wednesday night during a live event on Twitter with billionaire Elon Musk. CBS News chief election and campaign correspondent Robert Costa and CBS News Miami investigative reporter Jim DeFede have more.
Negotiations on the debt ceiling stalled Tuesday as the White House and House Republicans remain divided over spending cuts. Discussions ended late Tuesday and economists warn that the stock market could crash and the economy may experience a severe recession if no agreement is reached and the United States defaults on its debt. Congressional correspondent Scott MacFarlane reports from Washington.
Republican Florida Gov. Ron DeSantis is set to launch his bid for the White House Wednesday during a live event on Twitter with Elon Musk. He joins an expanding Republican field to challenge frontrunner Donald Trump. Robert Costa reports.
Sai Varshith Kandula, 19, was detained and charged after allegedly crashing a U-Haul truck into a barricade at Lafayette Park, about 100 yards from the White House fence. Court documents allege he told Secret Service agents he was trying to "seize power and be put in charge of the nation." Jeff Pegues reports.
President Biden, Speaker McCarthy optimistic as negotiations continue and debt deadline looms; Heavy travel expected for Memorial Day weekend.
U.S. Park Police have arrested a Missouri man, accusing him of ramming a rental truck into a security gate near the White House on Monday night. Police say 19-year-old Sai Varshith Kandula may have intentionally crashed the vehicle into a barricade outside of Lafayette Park. CBS News chief national affairs and justice correspondent Jeff Pegues has more.
President Biden and House Speaker Kevin McCarthy will continue to meet daily to discuss the debt ceiling as the deadline looms. It is nine days away. The White House and Republicans are haggling over spending cuts, while Americans worry a possible default could impact their financial futures. CBS News chief White House correspondent Nancy Cordes reports from the White House.
South Carolina Sen. Tim Scott is officially running for president. He joins a growing field of GOP presidential candidates -- which may become even more crowded in the coming days. CBS News chief election and campaign correspondent Robert Costa reports from Charleston.
President Biden and House Speaker Kevin McCarthy met about the debt ceiling at the White House less than two weeks before the default deadline. CBS News senior White House and political correspondent Ed O'Keefe and CBS News congressional correspondent Nikole Killion report.
Biden and McCarthy to meet on debt ceiling; SpaceX launches private flight to International Space Station.
The clock is ticking on the possibility of reaching a deal on the debt ceiling. President Biden and House Speaker McCarthy meet again Monday for negotiations. But there is still a lot of ground to cover. CBS News chief White House correspondent Nancy Cordes has more.
Debt ceiling negotiations continued over the weekend between White House negotiators and Republicans on Capitol Hill. President Biden returned to Washington on Sunday, where he is expected to meet with House Speaker Kevin McCarthy on Monday after a tumultuous weekend of on-again off-again talks. Chief White House correspondent Nancy Cordes reports from the White House.
Debt ceiling negotiations are at an impasse after Republican leaders walked out of a meeting with White House negotiators Friday and declared there would be no deal. In exchange for raising the limit, Republicans want cuts to federal spending. Christina Ruffini reports.
Debt ceiling negotiations remain bumpy with less than two weeks to cut a deal. Republicans accuse the White House of being "unreasonable," which Biden's negotiating team disputes. CBS News congressional correspondent Nikole Killion reports.
President Biden and congressional leaders met again Tuesday, but still have not reached a deal on raising the debt limit. Treasury Secretary Janet Yellen warns the U.S. may not be able to pay its bills as early as June 1. Ed O'Keefe reports.
Talks continue Tuesday between President Biden and congressional leaders as the June 1 federal debt limit deadline looms. This comes as the Office of Management and Budget says proposed cuts from House Republicans would cut at least 30% of all areas outside Defense, the Veterans Affairs department and Homeland Security. Weijia Jiang reports.