Biden, Republicans still far apart on raising debt ceiling
Republicans and Democrats still appear far apart on raising or suspending the debt ceiling. The five leaders are expected to meet again Friday.
Watch CBS News
Republicans and Democrats still appear far apart on raising or suspending the debt ceiling. The five leaders are expected to meet again Friday.
The treasury secretary moved up her estimate of when the U.S. risks defaulting on its debt.
With revenues down 35% so far this year, banks have started moving up their estimates of when the U.S. could hit the so-called X-date
House Speaker Kevin McCarthy unveiled on Wednesday the Republican plan to raise the nation's debt ceiling by $1.5 trillion, but it's tied to massive federal spending cuts. CBS News congressional correspondent Nikole Killion joined Anne-Marie Green to discuss the GOP proposal.
Views of economy remain negative, with a mixed outlook at best, as possible debt limit crisis looms.
The Treasury Department has been using so-called extraordinary measures to keep paying the bills since the government hit the debt limit in January.
In January, Treasury Secretary Janet Yellen sent a letter to congressional leaders telling them the U.S. had hit the $31.4 trillion debt limit.
Here are the options Congress has to avert a first-time U.S. credit default and the severe economic consequences that could follow.
The federal government caps the amount of money it can borrow. But what are the risks if Congress fails to lift the debt limit?
Without congressional action, the U.S. could default as soon as June, she wrote in a letter Friday.
After weeks of partisan wrangling, U.S. lawmakers reached a last-minute deal to avoid a financial crisis, for now, agreeing to pay off America's credit card through early December.
The government shutdown may have ended but there is already concern that another shutdown could happen in just a few months. Congress now faces deadline starting in January to achieve budget and debt ceiling deals.
As the stare down over the government shutdown ends its eighth night in Washington, lawmakers are readying for another fight.
The federal government shutdown is now affecting Minnesota jobs. The state will lay off 105 health department workers immediately, and thousands of other federal workers in the state will face the same fate. And Congress appears to be standing still. According to Congressman Erik Paulsen's office, he skipped out on his own event Monday to head back to Washington to work on ending the shutdown. Some disappointed constituents, like Michael Waring of Edina, said they wanted to talk with him about ending the shutdown - even if it means joining with Democrats to do it.
If you think this past week's fiscal cliff deal puts an end to the partisan grid lock in Washington, guess again.
Pell Grant funding for undergraduate students was preserved in the law to raise the federal debt ceiling, but it was financed by curbs to student loan subsidies that helped graduate students.
President Obama signed into law Tuesday the controversial bill raising the nation's debt ceiling. It didn't come without a bruising political fight, and a few exaggerations.
Minnesota Sens. Amy Klobuchar and Al Franken have voted for emergency legislation allowing the government to borrow more money and avoid a U.S. government default.
A deficit-reduction deal approved by the U.S. House on Monday split Minnesota's representatives, with the plan losing support from the left and right ends of the state's congressional delegation.
To avert a future debt ceiling and budget crisis, Congress has appointed a commission; a group of 12 to hammer out a deal the other 523 members of the House and Senate could not, and did not.
The U.S. Senate and House of Representatives are expected to vote Monday on a deal to raise the debt ceiling and cut the deficit.
Racing the clock to avoid a government default, President Barack Obama and Republican congressional leaders reached historic agreement Sunday night on a compromise to permit vital U.S. borrowing by the Treasury in exchange for more than $2 trillion in long-term spending cuts.
As politicians in Washington D.C. fight like children in a sandbox that is too small, the nation waits for a deal that will avoid a national default.
By now, most Americans have probably heard the worst-case scenarios with hitting the debt ceiling: a dipping dollar, loan difficulties, a jump in interest rates. So, how likely is a worst-case scenario?
Minnesota Congressman Chip Cravaack has bucked Republican leaders and voted against a House bill to raise the debt ceiling and avoid a government default.
According to Rochester Police, officers were dispatched around 9:30 p.m. to the 1900 block of Ashland Drive Northwest. The call was domestic-related, police say.
The Senate will vote again on a measure to fund the Department of Homeland Security as an impasse over how to reform immigration enforcement agencies has grown ugly, nearly a month into a partial shutdown.
A mix of rain and snow will start to push through Minnesota in the afternoon, with 50 mph winds expected in the metro area by the evening.
St. Paul police are investigating after a woman was struck by a vehicle on Wednesday night.
March is colorectal cancer awareness month and doctors are urging people to talk with their physicians about screening as cases continue to rise, particularly among younger adults.
A mix of rain and snow will start to push through Minnesota in the afternoon, with 50 mph winds expected in the metro area by the evening.
St. Paul police are investigating after a woman was struck by a vehicle on Wednesday night.
March is colorectal cancer awareness month and doctors are urging people to talk with their physicians about screening as cases continue to rise, particularly among younger adults.
The Old St. Hubert Church has been a part of Atkins's family for decades.
From groceries to gas bills, Minnesotans see sticker shock every day. It's why at the State Capitol, Republicans and Democrats are looking to cut down on those high costs — but through contrasting visions.
According to Rochester Police, officers were dispatched around 9:30 p.m. to the 1900 block of Ashland Drive Northwest. The call was domestic-related, police say.
A mix of rain and snow will start to push through Minnesota in the afternoon, with 50 mph winds expected in the metro area by the evening.
The Old St. Hubert Church has been a part of Atkins's family for decades.
Denis Doyle was born in Kilkenny, Ireland. He emigrated to the U.S. and in 1856, Doyle traveled to Le Sueur County. Other Irish immigrants joined Doyle and the town was born.
From groceries to gas bills, Minnesotans see sticker shock every day. It's why at the State Capitol, Republicans and Democrats are looking to cut down on those high costs — but through contrasting visions.
As the war in Iran evolves, National Guardsmen from Wisconsin are being recognized for what they are doing in the Middle East.
It's the season for booking those spring break getaways, and if you're looking to skip the airport this year, take a page out of the Condé Nast Traveler.
A judge has sentenced a Wisconsin man who forged threats against President Donald Trump as part of a deportation scheme to 16½ years in prison.
A fire at a hotel in Superior, Wisconsin, Monday night left one person hurt and forced guests to move to new lodgings.
Excitement is in the air in northern Wisconsin with the 52nd annual American Birkebeiner underway.
The Minnesota Department of Corrections says 95% of all incarcerated individuals will eventually be released from prison. The DOC says it does all it can to help people transition back into the community as productive citizens.
Minnesota native and World War II veteran Les Schrenk died earlier this week. He was 102 years old.
People from across the nation are traveling to the Twin Cities, but not as tourists. Many want to learn in person from Minnesota protestors to bring that knowledge back to their own cities.
The Edina wife and mother of three said she felt called to go and protest in south Minneapolis after learning that Alex Pretti had been shot and killed by two Border Patrol agents.
Tuesday afternoon, more than 20 people gathered on the Highway 62 bridge between Minneapolis and Richfield after a small protest sparked a confrontation there last week.
The Senate will vote again on a measure to fund the Department of Homeland Security as an impasse over how to reform immigration enforcement agencies has grown ugly, nearly a month into a partial shutdown.
From groceries to gas bills, Minnesotans see sticker shock every day. It's why at the State Capitol, Republicans and Democrats are looking to cut down on those high costs — but through contrasting visions.
A bill designed to stop children from being groomed in Minnesota schools is moving forward, introduced following a WCCO investigative series.
Workers with the Transportation Security Administration in the Twin Cities are once again feeling the brunt of a federal government shutdown.
From groceries to gas bills, Minnesotans see sticker shock every day. It's why at the State Capitol, Republicans and Democrats are looking to cut down on those high costs — but through contrasting visions.
From groceries to gas bills, Minnesotans see sticker shock every day. It's why at the State Capitol, Republicans and Democrats are looking to cut down on those high costs — but through contrasting visions.
Drivers are bracing themselves for higher prices when they pull up to gas stations. But the pump isn't the only place you can expect to pay more in the weeks ahead.
For families already feeling the financial squeeze, medical debt can pile up, even with insurance. But managing, negotiating or forgiving that debt is possible thanks to some nonprofits providing relief.
With severe weather season right around the corner, what homeowners need to know about the evolving coverage for your roof.
Gas prices in Minnesota are climbing, mirroring a national trend experts say is at least in part caused by the U.S. and Israel attacking Iran.
A bill designed to stop children from being groomed in Minnesota schools is moving forward, introduced following a WCCO investigative series.
A former U.S. Attorney removed from her post after telling a judge "this job sucks" during a Minnesota immigration hearing is running for Congress as a Democrat against incumbent Rep. Ilhan Omar.
Former Vikings running back Adrian Peterson last week pleaded guilty to driving while intoxicated and will avoid jail time by serving 30 hours of community service.
On at least 23 occasions, federal agents in Minnesota detained people solely on the basis of their race during Operation Metro Surge. That's according to a federal judge who issued a ruling based on an ongoing lawsuit brought on by the ACLU of Minnesota.
Two members of Minnesota's Albert Lea Police Department — Officer Josh Knudson and Sgt. Alex Kunkel — are being honored for their professionalism and teamwork that saved the life of a 7-year-old girl.
Can a quick workout and your phone reveal something about your heart health? Researchers at the University of Minnesota Medical School say yes, and they've built an app to prove it.
A new Iowa law bans local nondiscrimination protections on the basis of gender identity after the state became the first in the U.S. to roll back its civil rights code last year.
At a Minnesota State Capitol hearing Wednesday morning, the Minnesota Department of Veterans Affairs unveiled its "Veteran Suicide Prevention Plan."
The fight to keep Minneapolis' Hennepin County Medical Center open is in full swing, with leaders saying the hospital is in grave danger of closing after Medicaid cuts and budget confusion.
For families already feeling the financial squeeze, medical debt can pile up, even with insurance. But managing, negotiating or forgiving that debt is possible thanks to some nonprofits providing relief.
A woman was arrested on Sunday for firing multiple shots at the Beverly Hills home of Rihanna, Los Angeles Police Department officials say.
Valleyfair in Shakopee, Minnesota, will soon come under new ownership.
A new art exhibition in Shoreview, Minnesota, is inviting visitors to see art — and maybe themselves — a little differently.
Actor and filmmaker Bruce Campbell told fans that he is in treatment for cancer and will cancel some upcoming public appearances.
The Minnesota Wild and St. Paul Mayor Kaohly Her announced a $600 million plan on Tuesday to renovate the team's arena and connected venues.
The Minnesota Vikings have cleared salary cap space taken by their failed strategy for contending last season by releasing defensive linemen Jonathan Allen and Javon Hargrave.
Former Vikings running back Adrian Peterson last week pleaded guilty to driving while intoxicated and will avoid jail time by serving 30 hours of community service.
Kirill Kaprizov scored his 37th goal of the season, Matt Boldy notched his 36th, and Filip Gustavsson earned his fourth shutout of the season as the Minnesota Wild defeated the Utah Mammoth 5-0 on Tuesday night.
Wednesday marks the 50th anniversary of the first Minnesota state high school girls basketball tournament, and Lisa Lissimore and Kathie Eiland Madison are reflecting on the history they made back in 1976.
Cory Thiesse made history at the Milan-Cortina Winter Olympics as the first American woman to medal in curling, taking home silver in curling mixed doubles.
Minnesota Democratic Rep. Angie Craig, who is running for U.S. Senate, says she now regrets her vote in favor of the Laken Riley Act last year.
With severe weather season right around the corner, what homeowners need to know about the evolving coverage for your roof.
With severe weather season right around the corner, what homeowners need to know about the evolving coverage for your roof. In Talking Points, Esme Murphy spoke with Grace Arnold, Department of Commerce commissioner about what's driving rising insurance premiums and what you should look from in home insurance coverage.
The month of March will be a pivotal one as Minnesota attempts to emerge from the shadow of massive fraud.
The month of March will be a pivotal one as Minnesota attempts to emerge from the shadow of massive fraud.
Denis Doyle was born in Kilkenny, Ireland. He emigrated to the U.S. and in 1856, Doyle traveled to Le Sueur County. Other Irish immigrants joined Doyle and the town was born.
One of the oldest operating theaters in the Midwest is in danger of closing its doors for good.
In St. Louis Park, Minnesota, there's a place where you can find radio and television technology that's nearly a century old — and it still works.
One of the best views in Minnesota is at the top of a Bloomington hill. But 15-year-old Jacob Larson isn't here for the scenery. He's here for the jump.
Pine trees are a common sight up north. But on a Carlton, Minnesota, road, they're joined by giant lollipops. They serve as the welcoming committee for Sweetly Kismet, one of the largest candy stores in the state.
Minnesota lakes remain frozen. The people walking on trails around them remain bundled up. After a warm start to March, the seasonal shift is sputtering as it often tends to do.
Drivers are bracing themselves for higher prices when they pull up to gas stations. But the pump isn't the only place you can expect to pay more in the weeks ahead.
A push for stricter gun laws in Minnesota is not new. However, this session comes on the heels of a devastating mass shooting last summer in which the target was students in prayer at Annunciation Catholic School in Minneapolis.
The military strikes against Iran have sparked intense debate in Congress. U.S. lawmakers are not only split on whether to support the operation but also on whether President Trump should have sought congressional approval in advance. WCCO investigates how the Constitution defines declarations of war.
Traveling is already stressful, especially flying, but the deadly conflict south of the border might have some travelers second-guessing their upcoming trips.
Minnesotans got a great view of the northern lights Tuesday night.
A look at the newest addition to the polar bear population at St. Paul, Minnesota's Como Zoo.
From food shelves to school programs, our team is proud to serve where it matters most.
The Minnesota State Fair has unveiled its new food, drinks and vendors for 2025.
A suspect was taken into custody after an attack on Pearl Street Mall in Boulder on June 1 in which there were 15 people and a dog who were victims. The suspect threw Molotov cocktails that burned some of the victims, who were part of a march for Israeli hostages.
Wind alerts are posted with gusts 40–50 mph in the metro and over 50 mph across western and southern Minnesota later Thursday, WCCO meteorologist Joseph Dames reports.
In Minnesota, weather can be all over the place. Here at WCCO, we want to give you what you need to prepare for what's happening next.
A mix of rain and snow will start to push through Minnesota in the afternoon, with 50 mph winds expected in the metro area by the evening.
A mix of rain and strong winds will push through Minnesota before a weekend storm.
The first round of our precipitation arrives Thursday evening with the metro area seeing rain and northern Minnesota seeing snow. Several more chances in our future. Chief meteorologist Chris Shaffer shares just how much snow we're expected to get and when the next few rounds will hit.
The Minneapolis City Council passed the measure requiring landlords give tenants 60 days notice before evicting them, but the measure was not veto-proof.
Wind alerts are posted with gusts 40–50 mph in the metro and over 50 mph across western and southern Minnesota later Thursday, WCCO meteorologist Joseph Dames reports.
A state investigation is underway after Rochester police say an officer fatally shot a man after responding to a "domestic-related call involving a man reported to be experiencing a mental health crisis."
Minneapolis Mayor Jacob Frey vetoed a measure passed by the City Council that advocates say would have eased the burden for renters after Operation Metro Surge.
A mix of rain and strong winds will push through Minnesota before a weekend storm.