Impact of downgrade on consumers, investors
Roben Farzad of Bloomberg Businessweek speaks to "The Early Show" anchors about the impact of Standard & Poor's downgrade of U.S. credit on investors and American consumers.
America's Debt Battle
Impact of downgrade on Wall Street
Strategas Chief Investment Strategist Jason Trennert speaks to Anthony Mason about the impact of the rating downgrade on the markets and how investors are preparing for the fallout.
Credit downgrade's impact on America
Jeff Glor speaks with of Fortune Magazine assistant managing editor Leigh Gallagher and Wall Street Journal "Markets" columnist Kelly Evans about what the U.S. credit downgrade might mean for America's future.
Tweeting your way through the debt debate
Sam Youngman of The Hill, David Weigel of Slate.com and Olivier Knox of Agence France Presse used twitter as an outlet during the debt debate, to maintain their sanity. Washington Unplugged takes a look at the funny, raunchy, and outrageous tweets.
Another volatile day on Wall Street
The stock market climbed out of a 160-point hole to barely escape its ninth straight day of losses. Anthony Mason reports on another volatile day on Wall Street.
Obama: Congress can approve FAA funding now
While meeting with his Cabinet Wednesday, President Obama ramped up pressure on Congress to pass funding for the Federal Aviation Administration.
LaHood tells Congress to get back to work
Transportation Secretary Ray LaHood joined White House Press Secretary Jay Carney at briefing Wednesday and scolded Congress for not passing a bill to fund the Federal Aviation Administration.
Dems attack GOP over stalled FAA funding bill
Rep. Steny Hoyer (D-Md.) joined other Democratic leaders Wednesday and pointed blamed at Republicans for holding up funding for the Federal Aviation Administration.
Senators express doubt on deficit super committee
Scott Pelley spoke with Sen. Mark Warner (D-Va.) and Sen. Saxby Chambliss (R-Ga.) on the prospects of a new super committee established to identify trillions of dollars in budget cuts.
Giffords' vote appearance stuns House members
Congresswoman Gabrielle Giffords stunned members of the House of Representatives when she stepped onto the floor for the first time since she was shot in January. Nancy Cordes reports on Giffords' triumphant return.
Jobless may lose benefits at year's end
The nearly four million Americans who've had their jobless benefits extended to the maximum of 99 weeks face losing those benefits at the end of the year, reports Dean Reynolds.
Obama disappointed with debt deal
Though a deal has been made to raise the debt ceiling and the immediate threat of default is over, it's clear that President Obama is disappointed in the outcome. As Norah O'Donnell reports, the president is preparing for round two of this fight.
Economic outlook bleak, Wall Street nosedives
A new report that shows economic recovery may be in trouble sent stock prices plunging. CBS News senior business correspondent Anthony Mason reports on the Dow's worst day in two months.
Did Obama snub Congress in debt speech?
CBS News Chief White House Correspondent Norah O'Donnell asked White House Press Secretary Jay Carney why Obama did not thank Congress in his debt-ceiling compromise speech Tuesday.
Dems: Time to move on, talk about jobs, not debt
Sen. Charles Schumer (D-N.Y.) joined other Democrats for a news conference after the Senate passed the debt-ceiling bill and said it's time to focus on job creation now.
Schieffer: Obama speech delay a "fitting end"
Scott Pelley and Bob Schieffer offer analysis of President Obama's comments following the passage of a debt ceiling agreement in Congress.
Did Obama sign debt bill by hand... or autopen?
In the White House press briefing Tuesday, CBS News' Mark Knoller asked press secretary Jay Carney if the president would sign the deficit bill by hand or by autopen, which Mr. Obama has previously done.
Obama: Congress can focus when time's running out
Shortly after the Senate passed the debt-ceiling bill Tuesday, President Obama said families struggling to make ends meet should compel Congress to compromise, not just a looming economic disaster.
President Obama on debt deal: IN FULL
President Obama full speech on the debt ceiling deal following its passage in both houses of Congress. CBS News' Scott Pelley and Norah O'Donnell report.
Debt deal done, but Pres says cuts, taxes still in play
Less than an hour after the Senate passed a debt limit compromise Tuesday, President Obama said everything's still on the table, including tax increases and social program cuts.
Biden: "Compromise is not a dirty word"
Vice-President Biden sat down with CBS News Evening News anchor Scott Pelley to talk about debt, the long debate and partisan politics. Jeff Glor previews the interview.
Giffords tweets on House return beforehand
Before Rep. Gabrielle Giffords appeared on the House floor, Twitter followers already knew of her return. CNET-TV's Molly Wood reports on how social media sites followed the debt debate.
Giffords' return to Capitol likened to Reagan's
CBS News Congressional correspondent Nancy Cordes reports on Rep. Gabrielle Giffords' (D-Ariz.) memorable return to Congress to vote on the debt ceiling agreement. Then, Erica Hill talks to veteran CBS Newsmen, Bill Plante and Bob Schieffer about other memorable returns.
Wasserman Schultz on Giffords' "fierce" recovery
Fla. Rep. Debbie Wasserman Schultz speaks to Erica Hill about the return to Congress of good friend Ariz. Rep. Gabrielle Giffords and her long road to recovery.
Congress: Behind the scenes of the debt deal
Erica Hill roams the halls of the Capitol and talks to Rep. Raul Grijalva (D-Ariz.) and Sen. Mark Warner (D-Va.) about the debt ceiling deal.
Politics
Trump administration to suspend immigrant visas for nationals of 75 countries
The State Department announced it will stop giving out visas to nationals of dozens of countries who are seeking to move to the U.S. permanently.
U.S. completes first sale of Venezuelan oil, valued at $500 million
The Trump administration has not yet disclosed many details about the deal.
Changing Defense Department's name could cost up to $125 million, CBO estimates
The Trump administration's push to change the Defense Department's name to the Department of War could cost nine figures, according to a new estimate by Congress' budget watchdog.
Court upholds Prop 50, allowing California to use its redrawn congressional maps
A panel for the U.S. Central District Court of California ruled Democrats can proceed in using their redrawn congressional maps for the 2026 midterm elections.
Trump admin. cuts grants for mental health, addiction treatment programs
The U.S. Substance Abuse and Mental Health Services Administration, SAMHSA, lost around $1.9 billion in federal grants, which were abruptly terminated on Tuesday, a source said.
Democratic Rep. Jason Crow contacted by Justice Dept. after video to troops
Rep. Jason Crow of Colorado and five other lawmakers appeared in a video that urged U.S. service members to refuse legal orders.
Trump says "killing in Iran is stopping," with "no plan for executions"
Potentially thousands have died from the crackdown to quash unrest amid protests.
U.S. says it's moving into next phase of Gaza peace plan, warns Hamas
Steve Witkoff said the U.S. expects Hamas to immediately return the final deceased hostage as part of its obligations under the deal.
Trump told Iranians help is coming, so what might it look like?
Experts tell CBS News what sort of options President Trump has to respond to Iran's brutal crackdown on protesters.
U.S. reduces some personnel at airbase in Qatar as tensions rise with Iran
The Al Udeid airbase in Doha, Qatar, is the forward operating headquarters for U.S. Central Command, which oversees U.S. forces across the Middle East.
U.S. used aircraft painted like civilian plane to attack alleged drug boat
The attack on an alleged drug-smuggling boat from Venezuela killed 11 people in September.
Senate GOP kills war powers effort to limit Trump on Venezuela, with Vance breaking tie
Two Republicans switched their votes after pressure from the White House.
Exclusive
ICE agent who shot Renee Good suffered internal bleeding, officials say
Jonathan Ross, who shot Renee Good in Minneapolis last week, suffered internal bleeding after the incident, two officials said, though it's not clear how extensive the bleeding was.
FBI searches home of Washington Post journalist for classified documents
The FBI's search is part of a probe into a federal employee suspected of mishandling classified information, Attorney General Pam Bondi said.
Supreme Court revives congressman's suit challenging law for late-arriving ballots
The Supreme Court ruled 7-2 in favor of Illinois Rep. Michael Bost, a Republican.
House passes 2-bill funding package ahead of shutdown deadline
The Senate now has two funding packages on its plate ahead of its weeklong recess.
"Fundamental" differences remain over Greenland's future, Denmark says after U.S. meeting
After the meeting, Denmark's foreign minister said they're eager to work with the U.S. while respecting the "red lines of the Kingdom of Denmark."
Wide variation found in funding for states' rural health proposals
Every state will receive at least $100 million annually from the federal Rural Health Transformation fund, but some scored millions more based on their plans and willingness to pass policies embracing MAHA initiatives.
Demand for high-achiever visas fuels pay-to-play market for credentials
Demand has risen for the EB-1A visa, creating a cottage industry of services for vanity awards, ghostwritten research papers and "profile building" services. USCIS is investigating potential fraud.
Lindsey Halligan argues she should still be U.S. attorney, accuses judge of abuse of power
Judge David Novak had given Lindsey Halligan a week to explain why she is using the title of U.S. attorney after another federal judge found her appointment to the position invalid.
U.S.
More U.S.
Astronauts head home early after medical issue
Crew 11 is expected to splash down off the coast of Southern California at 3:41 a.m. EST, closing out a 167-day stay in space.
Bilt offers credit cards with 10% APR after Trump proposes interest cap
FIntech company Bilt pounced on the opportunity to roll out low-APR credi cards, as big banks push back on proposed rate cap.
Timothy Busfield makes court appearance in child sex abuse case
Another allegation against Busfield was reported to law enforcement the same day he turned himself in, according to a court filing.
U.S. completes first sale of Venezuelan oil, valued at $500 million
The Trump administration has not yet disclosed many details about the deal.
PureGym's entry and exit pods flagged by NYC fire department for safety concerns
The system has users download the PureGym app and scan a QR code in order to pass through cylindrical plexiglass doors of a pod and enter the gym.
MoneyWatch
More MoneyWatch
Bilt offers credit cards with 10% APR after Trump proposes interest cap
FIntech company Bilt pounced on the opportunity to roll out low-APR credi cards, as big banks push back on proposed rate cap.
Apple, Google face pressure to remove X and Grok from their app stores
Grok faces mounting scrutiny from government officials and advocacy groups after people used the AI chatbot to create sexualized images of minors and women.
Verizon customers report phone service outages across U.S.
A Verizon spokesperson confirmed to CBS News that the company is aware of "an issue impacting wireless voice and data services for some customers."
ChatGPT served as "suicide coach" in man's death, lawsuit alleges
Mother of Colorado man who committed suicide in 2025 alleges that OpenAI's AI chatbot told him death was a "beautiful place."
Chew on this: U.S. food prices are still up 19% since 2022
Food prices in December saw their biggest jump in more than three years, data shows, while the cost of eating out has also risen.
Politics
More Politics
Trump administration to suspend immigrant visas for nationals of 75 countries
The State Department announced it will stop giving out visas to nationals of dozens of countries who are seeking to move to the U.S. permanently.
U.S. completes first sale of Venezuelan oil, valued at $500 million
The Trump administration has not yet disclosed many details about the deal.
Changing Defense Department's name could cost up to $125 million, CBO estimates
The Trump administration's push to change the Defense Department's name to the Department of War could cost nine figures, according to a new estimate by Congress' budget watchdog.
Court upholds Prop 50, allowing California to use its redrawn congressional maps
A panel for the U.S. Central District Court of California ruled Democrats can proceed in using their redrawn congressional maps for the 2026 midterm elections.
Trump admin. cuts grants for mental health, addiction treatment programs
The U.S. Substance Abuse and Mental Health Services Administration, SAMHSA, lost around $1.9 billion in federal grants, which were abruptly terminated on Tuesday, a source said.
HealthWatch
More HealthWatch
Trump admin. cuts grants for mental health, addiction treatment programs
The U.S. Substance Abuse and Mental Health Services Administration, SAMHSA, lost around $1.9 billion in federal grants, which were abruptly terminated on Tuesday, a source said.
Wide variation found in funding for states' rural health proposals
Every state will receive at least $100 million annually from the federal Rural Health Transformation fund, but some scored millions more based on their plans and willingness to pass policies embracing MAHA initiatives.
ACA enrollment sinks sharply as coverage costs soar in 2026
Roughly 1.4 million fewer Americans have signed up for an Affordable Care Act plan as expiring tax breaks drive up premiums.
Nurses strike begins in New York City as thousands walk off jobs
The largest nurses strike ever in New York City is underway as thousands of NYSNA members walk off their jobs at major hospitals.
RFK Jr.'s MAHA movement has picked up steam in statehouses
"Make America Healthy Again" policies driven by HHS Secretary Robert F. Kennedy Jr. have made major strides in state legislatures, with food additives among the most common targets.
World
More World
Trump says "killing in Iran is stopping," with "no plan for executions"
Potentially thousands have died from the crackdown to quash unrest amid protests.
U.S. says it's moving into next phase of Gaza peace plan, warns Hamas
Steve Witkoff said the U.S. expects Hamas to immediately return the final deceased hostage as part of its obligations under the deal.
Trump told Iranians help is coming, so what might it look like?
Experts tell CBS News what sort of options President Trump has to respond to Iran's brutal crackdown on protesters.
After a bloody crackdown, Iran vows to teach protest backers a lesson
Iran's rulers want the world to know they've weathered a storm, and they're threatening a harsh "lesson" for anyone deemed to have supported protests.
U.S. reduces some personnel at airbase in Qatar as tensions rise with Iran
The Al Udeid airbase in Doha, Qatar, is the forward operating headquarters for U.S. Central Command, which oversees U.S. forces across the Middle East.
Entertainment
More Entertainment
Timothy Busfield makes court appearance in child sex abuse case
Another allegation against Busfield was reported to law enforcement the same day he turned himself in, according to a court filing.
Stars of "Sinners" talk about movie
"Sinners" stars Michael B. Jordan, Miles Caton and Wunmi Mosaku talk to "CBS Mornings" about the movie's recent success at the Golden Globes, the atmosphere on set and what they learned through the process.
Ali Larter talks what's ahead in "Landman"
Actor Ali Larter plays Angela Harris, the ex-wife of an oilman played by Billy Bob Thornton in the Paramount+ series "Landman." She talks to "CBS Mornings" about the series, working with Thornton and how she landed her role.
Actor Timothy Busfield turns himself in following child sex abuse allegations
In a video provided to TMZ on Tuesday, Timothy Busfield said the allegations "are all lies."
François Arnaud on "Heated Rivalry" series
Francois Arnaud joins "CBS Mornings" to talk about the popular series "Heated Rivalry," based on the "Game Changers" book series. It follows rising hockey stars Shane Hollander and Ilya Rozanov. What begins as a fling between two rivals turns into a yearslong journey of love, denial and self discovery. Arnaud plays Scott Hunter, a closeted gay professional hockey player in the same league who has fallen in love with a smoothie shop worker. He talks about the message in the series and how it developed into a hit show.
Technology
More Technology
Apple, Google face pressure to remove X and Grok from their app stores
Grok faces mounting scrutiny from government officials and advocacy groups after people used the AI chatbot to create sexualized images of minors and women.
ChatGPT served as "suicide coach" in man's death, lawsuit alleges
Mother of Colorado man who committed suicide in 2025 alleges that OpenAI's AI chatbot told him death was a "beautiful place."
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.
"Are You Dead," viral Chinese app, changing its name
The Chinese mobile app "Are You Dead?" which sounds an alarm if a user doesn't check in every 48 hours, says it will drop its catchy name after it drew international media attention.
Woman says AI chatbot Grok generated sexual deepfake images of her
Ashley St. Clair, the mother of one of Elon Musk's children, alleges Grok generated and published sexual deepfake images of her without permission.
Science
More Science
Fossils found in cave shed light on where our species emerged
Fossilized bones and teeth dating to 773,000 years ago are providing a deeper understanding of the emergence of Homo sapiens.
The history and mystery of kissing
If you rang in the new year with a kiss, you took part in a tradition millions of years in the making. Scientists now say the origins of kissing go back much farther than most think. CBS News' Tina Kraus has more.
2025 was so hot it pushed Earth past critical climate change mark
2025 was the third hottest year on record and pushed Earth past a critical climate change mark, scientists say.
Major climate research center on Trump administration chopping block
The Trump administration intends to dismantle one of the world's leading climate research institutions, in Boulder, Colorado, over what it said were concerns about "climate alarmism."
Researchers capture video of rare polar bear adoption
The footage of a bear caring for an adopted cub was captured during the annual polar bear migration along the Western Hudson Bay in Churchill, Manitoba.
Crime
More Crime
Timothy Busfield makes court appearance in child sex abuse case
Another allegation against Busfield was reported to law enforcement the same day he turned himself in, according to a court filing.
Indicted Virginia coach still missing
The search continues in Virginia for a high school football coach charged with possessing child sexual assault material and using a computer to solicit a minor. CBS News breaking news correspondent Shanelle Kaul has the latest.
Au pair testifies in man's murder trial
A trial is underway in northern Virginia for a man accused of plotting his wife's murder with help from his affair partner - the family's au pair. The former au pair was the first witness called to testify against Brendan Banfield. Jericka Duncan reports on the case.
Doctors arrested after 9 newborns die at hospital in Russia
The case has provoked anger and bewilderment from Russian politicians.
Man plotted murder to "get rid of" his wife after affair, au pair testifies
Brendan Banfield is charged with murder in the 2023 killings of Christine Banfield and Joseph Ryan at the Banfields' home in northern Virginia.
Space
More Space
Astronauts head home early after medical issue
Crew 11 is expected to splash down off the coast of Southern California at 3:41 a.m. EST, closing out a 167-day stay in space.
Former NASA astronaut on ISS undocking
The members of SpaceX Crew-11 undocked from the International Space Station on Wednesday, beginning their journey back to Earth. The crew is leaving a month early after NASA announced that an unnamed team member experienced an undisclosed "medical concern." Clayton Anderson, a former NASA astronaut who spent time on the ISS, joins "The Daily Report" to discuss.
ISS astronauts prepare for early return
Crew-11 is preparing for an unprecedented early return to Earth over concerns for an astronaut's medical condition aboard the International Space Station. Mike Massimino, a former NASA astronaut and engineering professor at Columbia University, joins with more.
Former astronaut on ISS crew coming home early
Four members of Crew-11 are preparing to return to Earth from the International Space Station later this week after a "medical concern" prompted NASA to cancel a scheduled spacewalk. Former astronaut Dr. Scott Parazynski joins with his reaction.
Space station changes command, setting stage for Crew 11 departure
Outgoing space station commander Mike Fincke, a member of the returning Crew 11, turned the station over to cosmonaut Sergey Kud-Sverchkov, saying the combined crew had developed deep friendships.
Latest Galleries
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Notable Deaths in 2025
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
EB-1A visa demand may fuel fraud: report
Applications are pouring into the U.S. for the so-called "Einstein visa," officially known as EB-1A. The visa is reserved for high achievers who can show extraordinary ability in their fields for employment. But a new CBS News investigation finds that some companies' marketing services to boost credentials for this visa may be committing fraud. CBS News Confirmed data journalist Julia Ingram worked on that investigation and discusses it on "The Daily Report."
Geopolitical strategist on Iran's position
President Trump says Iran has stopped killing anti-government protesters and has no more plans to hold executions. Matt Gertken, chief geopolitical strategist at BCA Research, joins "The Daily Report" to discuss.
Senate Republicans kill war powers effort
Republicans in the Senate killed a resolution on Wednesday that would have put limits on President Trump's ability to take action in Venezuela. CBS News congressional correspondent Nikole Killion has more details.
Former NASA astronaut on ISS undocking
The members of SpaceX Crew-11 undocked from the International Space Station on Wednesday, beginning their journey back to Earth. The crew is leaving a month early after NASA announced that an unnamed team member experienced an undisclosed "medical concern." Clayton Anderson, a former NASA astronaut who spent time on the ISS, joins "The Daily Report" to discuss.
U.S. gets device tied to "Havana Syndrome"
Sources tell CBS News that the U.S. quietly purchased a device in late 2024 that may be connected to the mysterious condition known as "Havana Syndrome." CBS News reporter Olivia Gazis has more.