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
Democrats to propose bill capping out-of-pocket Medicare costs for enrollees
Some Senate Democrats want to cap the amount beneficiaries in traditional Medicare have to pay toward care, but the move is expected to draw GOP opposition for potentially adding billions to Medicare costs.
Senate rejects measure to restrict Trump's Iran war powers as key Republicans shift
The Senate late Wednesday rejected a measure aimed at restricting President Trump's power to wage war against Iran, a victory for Senate GOP leadership — and a shift from one day earlier.
Military requiring flu vaccines for recruits as Air Force base deals with outbreak
All military branches began requiring recruits to get flu vaccines earlier this month, an exception to Pete Hegseth's decision to lift the military's vaccine mandate, a Pentagon official said.
CBS News poll finds more oppose than favor data centers in their area
Most Americans expect data centers to negatively impact the environment, local resources, although some see economic benefits
Espaillat's loss a political earthquake for House Dems, Hispanic caucus
Five-term incumbent Rep. Adriano Espaillat was defeated in the Democratic primary Tuesday night in a stunning upset by political newcomer and democratic socialist Darializa Avila Chevalier.
Trump admin. asks Congress for $88B in supplemental funds for Iran war, other needs
The Trump administration on Wednesday sent Congress a long-awaited supplemental funding package to help cover the cost of the Iran war.
Appeals court rejects Trump administration's bid for Michigan's voter rolls
The U.S. Court of Appeals for the 6th Circuit is the first appeals court to weigh in on the Trump administration's attempts to obtain sensitive voter information from 30 states and D.C.
Trump has testy meeting with GOP senators, telling Cassidy to sit down
President Trump met with Republican senators soon after canceling plans to sign bipartisan housing affordability legislation at the Capitol.
First on CBS
Trump to ask Congress to make 15% ethanol-gas blend permanent
E15 is usually only available part of the year to help ease high gas prices under a waiver from the EPA.
Bill Gates said Epstein tried to use knowledge of his affairs "to pressure me"
Bill Gates testified June 10 for nearly six hours before the House Oversight Committee, which is examining the government's handling of the Epstein case and those with ties to him.
Trump cancels housing bill signing, reiterates demand for SAVE America Act
President Trump canceled a planned signing ceremony on Wednesday for a housing affordability bill that passed Congress by wide bipartisan margins.
Trump meets with GOP senators after refusing to sign housing bill
President Trump's decision to abruptly cancel the signing of a landmark bipartisan housing bill marked the latest misalignment between him and GOP lawmakers.
Exclusive
Wounded soldiers, families accuse Army of downplaying war injuries
Soldiers say the Army disregarded warnings about thin defenses and ignored requests for medical supplies. Now they question whether the Army is being transparent about their injuries.
Alibaba sues Pentagon over blacklist designation
Chinese tech giant Alibaba has filed a federal lawsuit against the Defense Department for designating it a military-linked firm.
Latino voters could be key to midterms. What's driving them?
Leading Latino political strategists are examining the races where Latinos could play an outsize role in the midterm elections, and believe their votes will be critical in a number of House races.
First on CBS
Trump-linked firm is lobbying for pardons and its first client already paid $500K
Mo Strategies, started by former Trump campaign and administration officials, recently expanded its practice into the lucrative world of pardon lobbying.
Mamdani influences New York City's congressional primaries with 3 big wins
New York City Mayor Zohran Mamdani endorsed three left-of-center candidates in the congressional Democratic primaries, and all three are set to win, CBS News projects.
Moderate Democrat projected to win primary in Utah's new left-leaning district
Former Rep. Ben McAdams faced three progressive challengers in the Democratic primary in Utah's 1st Congressional District.
Trump-backed challenger beats establishment GOP candidate in primary to replace Stefanik
Anthony Constantino beat Robert Smullen in New York's 21st Congressional District.
Cait Conley wins NY-17 Democratic primary, CBS News projects
Democrat Cait Conley will challenge Republican Rep. Mike Lawler in the battle for New York's 17th Congressional District, which encompasses many of New York City's northern suburbs.
U.S.
More U.S.
Fed's preferred inflation gauge hits 3-year high
Inflation continued to rise in May, with the Personal Consumption Expenditures price index rising at an annual rate of 4.1%.
Sunday Morning's Essential American Songbook
What are the essential American songs? Ahead of the nation's 250th birthday, we asked that question to Sunday Morning's familiar faces, from performers to artists and writers to community leaders.
6-alarm fire destroys old industrial building in Allentown, Pennsylvania
A massive fire in Allentown, Pennsylvania, forced nearby residents to evacuate their homes Wednesday night.
Military requiring flu vaccines for recruits as Air Force base deals with outbreak
All military branches began requiring recruits to get flu vaccines earlier this month, an exception to Pete Hegseth's decision to lift the military's vaccine mandate, a Pentagon official said.
Appeals court rejects Trump administration's bid for Michigan's voter rolls
The U.S. Court of Appeals for the 6th Circuit is the first appeals court to weigh in on the Trump administration's attempts to obtain sensitive voter information from 30 states and D.C.
MoneyWatch
More MoneyWatch
Fed's preferred inflation gauge hits 3-year high
Inflation continued to rise in May, with the Personal Consumption Expenditures price index rising at an annual rate of 4.1%.
IBM unveils tech for chips it says pack performance leap, use much less power
IBM has raised the curtain on semiconductor technology it says could deliver computer chips with 50 percent better performance while dramatically lowering power consumption.
Snap sued over rape of minor who met adult attacker via Snapchat
The parents of a girl who was raped when she was 12 years old by an adult stranger she connected to via Snapchat have sued its parent company, Snap, and the attacker, in Missouri state court.
Some states want to regulate prediction markets. Should the feds let them?
The Commodity Futures Trading Commission has sued nine states to block them from regulating prediction markets such as Kalshi and Polymarket.
First on CBS
Trump to ask Congress to make 15% ethanol-gas blend permanent
E15 is usually only available part of the year to help ease high gas prices under a waiver from the EPA.
Politics
More Politics
Democrats to propose bill capping out-of-pocket Medicare costs for enrollees
Some Senate Democrats want to cap the amount beneficiaries in traditional Medicare have to pay toward care, but the move is expected to draw GOP opposition for potentially adding billions to Medicare costs.
Senate rejects measure to restrict Trump's Iran war powers as key Republicans shift
The Senate late Wednesday rejected a measure aimed at restricting President Trump's power to wage war against Iran, a victory for Senate GOP leadership — and a shift from one day earlier.
Military requiring flu vaccines for recruits as Air Force base deals with outbreak
All military branches began requiring recruits to get flu vaccines earlier this month, an exception to Pete Hegseth's decision to lift the military's vaccine mandate, a Pentagon official said.
CBS News poll finds more oppose than favor data centers in their area
Most Americans expect data centers to negatively impact the environment, local resources, although some see economic benefits
Espaillat's loss a political earthquake for House Dems, Hispanic caucus
Five-term incumbent Rep. Adriano Espaillat was defeated in the Democratic primary Tuesday night in a stunning upset by political newcomer and democratic socialist Darializa Avila Chevalier.
HealthWatch
More HealthWatch
Democrats to propose bill capping out-of-pocket Medicare costs for enrollees
Some Senate Democrats want to cap the amount beneficiaries in traditional Medicare have to pay toward care, but the move is expected to draw GOP opposition for potentially adding billions to Medicare costs.
Medicare's AI push snarls patients and doctors in errors and delays
Medicare is testing the use of artificial intelligence to preapprove several healthcare services.
Confirmed Ebola cases in Congo top 1,000, deaths surpass 250, officials say
Confirmed Ebola cases in the outbreak in eastern Congo have reached 1,003, including 254 deaths, officials said, and tracing those who've been in contact with patients remains a major challenge.
Affordable healthcare emerges as a voter priority in purple Nevada
The Trump administration's cuts to Medicaid and SNAP may complicate Republican Gov. Joe Lombardo's reelection chances.
6/21: Sunday Morning
Hosted by Lee Cowan. Featured: Birthright citizenship; the Theodore Roosevelt Presidential Library unveiled; Shooter Jennings releases recordings by his father, Waylon Jennings; comedian John Mulaney; childhood obesity; and the secrets of seahorses and seadragons.
World
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Live
Oil prices keep dropping as Oman rules out Strait of Hormuz "transit fees"
With the U.S.-Iran agreement appearing to hold, Oman rules out future Strait of Hormuz "transit fees" and oil prices continue their fall.
Trump-backed candidate declared winner of Colombia's presidential runoff
Abelardo de la Espriella, a millionaire political newcomer, has been declared Colombia's next president.
Powerful back-to-back earthquakes kill at least 164 people in Venezuela
Venezuela's acting president said the death toll from powerful twin earthquakes was likely to rise, as USGS modeling suggested thousands may have been killed.
Trump admin. asks Congress for $88B in supplemental funds for Iran war, other needs
The Trump administration on Wednesday sent Congress a long-awaited supplemental funding package to help cover the cost of the Iran war.
TV host sorry for slamming player for leaving World Cup for baby's birth
France Pierron described childbirth as "a disgusting moment, excuse me, where the dad is useless" during a TV appearance.
Entertainment
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Entertainment
Essential American songs of last 250 years
For the United States' 250th birthday, Sunday Morning asked dozens of notable Americans, from Jason Alexander and Ken Burns to Misty Copeland, what they considered to be our country's essential songs. This is the Essential American Songbook: 90 contributors and 250 songs. Here's a sample.
Sunday Morning's Essential American Songbook
What are the essential American songs? Ahead of the nation's 250th birthday, we asked that question to Sunday Morning's familiar faces, from performers to artists and writers to community leaders.
Clive Davis biographer remembers music icon
Record label executive and starmaker Clive Davis died at 94 on Monday. His influence spans genres and decades. Music critic and Davis biographer Anthony DeCurtis reflects on the life and legacy of Clive Davis.
Jim Parsons on Broadway musical debut
Jim Parsons speaks about starring in the musical "Titaníque," which is a comedic retelling of the story of the "Titanic," from the perspective and songs of Celine Dion. Parsons talks about why he wanted to portray's Rose's mother, the show's impact on the LGBTQ+ community and the cast.
Clive Davis dies at 94
Clive Davis, known for propelling artists across genres to stardom, died Monday at the age of 94. "CBS Mornings" co-host Gayle King looks back at his legacy in the music industry.
Technology
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IBM unveils tech for chips it says pack performance leap, use much less power
IBM has raised the curtain on semiconductor technology it says could deliver computer chips with 50 percent better performance while dramatically lowering power consumption.
U.S. aims to break AI reliance on China
The U.S. is trying to break the West's reliance on Chinese artificial intelligence supply chains with an international accord called Pax Silica. Its goal is to shore up supplies of essential components used in high-end computer chips, which power advanced AI models. CBS News coordinating producer Richard Escobedo has more.
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.
Meta creating prediction market app, NYT says
Prediction markets like Kalshi and Polymarket, which allow people to bet on nearly anything, are big business, and Meta is hoping to get in on the action, according to a new report from the New York Times. CNET senior technology reporter Abrar Al-Heeti joins CBS News to discuss.
CBS News poll finds more oppose than favor data centers in their area
Most Americans expect data centers to negatively impact the environment, local resources, although some see economic benefits
Science
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Astronomers find 2 gigantic planets lighter than cotton candy
The featherweight pair — orbiting a star 1,110 light-years away — are the biggest exoplanets found to have less density than cotton candy.
Ancient Egyptian burial site reveals centuries of changing traditions
Human and animal remains unearthed in Egypt's Nile Delta reveal changing funerary practices over some 600 years, and the evolution of a key site itself.
Telescope snaps most detailed photo yet of Milky Way's heart
Euclid is on a mission to chart one-third of the sky in the hopes of shedding light on the enduring mysteries of dark matter and dark energy.
Interstellar comet may be oldest object ever seen in solar system
Exactly where the comet 3I/ATLAS came from within the Milky Way remains a mystery.
6/21: Sunday Morning
Hosted by Lee Cowan. Featured: Birthright citizenship; the Theodore Roosevelt Presidential Library unveiled; Shooter Jennings releases recordings by his father, Waylon Jennings; comedian John Mulaney; childhood obesity; and the secrets of seahorses and seadragons.
Crime
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Crime
Searches conducted in NYPD bribery probe
The FBI, NYPD and the U.S. Attorney's Office for the Southern District of New York carried out searches across New York City Wednesday as part of a bribery investigation into current and former members of the NYPD. The searches stem from an ongoing investigation into the conduct of former NYPD chief of department Jeffrey Maddrey, a source says. CBS News' Anna Schecter has more.
Trump-linked firm is lobbying for pardons
Mo Strategies, a firm linked to President Trump, is lobbying for pardons, according to a CBS News investigation. CBS News' Gabe Kaminsky has more.
Eric Adams' former chief of staff arrested
Frank Carone, the former chief of staff to former New York City Mayor Eric Adams, was arrested as part of a federal bribery probe, sources say. Meanwhile, the FBI and NYPD are investigating former NYPD officials for bribery. CBS News' Anna Shecter has more.
Vegas murder solved 20 years after man strangled with phone cord
DNA testing has identified a suspect in the 2005 murder of Daniel Zeisler in Las Vegas, according to a forensic lab.
TSA seizes illegal drones by World Cup arenas
Despite repeated warnings, many drone operators are allegedly violating flight restrictions near World Cup sites, the TSA says. Meanwhile, more drones are being integrated into the U.S. national airspace and military operations. Drone expert Tombo Jones joins "CBS News 24/7 Mornings" to comment on drone technology.
Space
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Astronomers find 2 gigantic planets lighter than cotton candy
The featherweight pair — orbiting a star 1,110 light-years away — are the biggest exoplanets found to have less density than cotton candy.
Telescope snaps most detailed photo yet of Milky Way's heart
Euclid is on a mission to chart one-third of the sky in the hopes of shedding light on the enduring mysteries of dark matter and dark energy.
Interstellar comet may be oldest object ever seen in solar system
Exactly where the comet 3I/ATLAS came from within the Milky Way remains a mystery.
Researchers find "Pink Planet" has salty clouds: "We were very surprised"
The "Pink Planet," formally known as GJ504b, was discovered in 2013 and is technically not a planet but rather a "planetary-mass companion."
NASA chief defends choice of all-male crew for Artemis III mission
NASA's Jared Isaacman says the crew was selected solely based on their experience, expertise and availability for flight assignment.
Latest Galleries
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Celebrations at Obama Presidential Center
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
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.
Summer music highlights of 2026
Summer is the time to enjoy live music, indoors and out. Scroll through our gallery of some of 2026's leading musical acts, featuring images by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
Timeline: The disappearance of George Smith
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Who is Alix Tichelman?
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Latest CBS News Videos
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Latest CBS News Videos
Essential American songs of last 250 years
For the United States' 250th birthday, Sunday Morning asked dozens of notable Americans, from Jason Alexander and Ken Burns to Misty Copeland, what they considered to be our country's essential songs. This is the Essential American Songbook: 90 contributors and 250 songs. Here's a sample.
European infrastructure strains in heat wave
Europe is the fastest-warming continent on Earth, data shows. In the United Kingdom and France, the current heat wave is breaking records. Columbia University professor Radley M. Horton joins "CBS Morning News" to discuss the challenges surrounding climate change in Europe.
Man describes deadly Venezuela quakes
Journalist Tony Frangie Mawad says he was in an elevator in Caracas when the first of two powerful earthquakes hit Venezuela. He described to "CBS Mornings" what happened, saying when he went outside "everything was shaking."
Trump spars with fellow Republicans
President Trump clashed with members of his own party during a tense meeting with GOP senators on Wednesday over the Iran war and SAVE America Act. Earlier, the president canceled the signing of a bipartisan housing bill, reiterating demands to pass the SAVE America Act. Ed O'Keefe reports.
Eye Opener: Deadly Venezuela earthquakes
There's a search for survivors after a pair of earthquakes rocked Venezuela. Plus, President Trump clashes with some Republican senators. All that and all that matters in today's Eye Opener.