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.
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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.
The men who recorded the video say they released it so the world could get a fuller understanding of what happened beyond the viral clip.
Singer and songwriter d4vd has been arrested on suspicion of murder for the death of a 14-year-old whose dismembered body was found last year in a Tesla belonging to the singer.
Federal agents say they executed criminal search warrants at two Twin Cities stores on Thursday as part of an investigation into $2.1 million of Supplemental Nutrition Assistance Program fraud.
A federal jury convicted a Minnesota man of illegally possessing a machine gun while on the way to a Twin Cities high school graduation.
The Minnesota Wild have entered the playoffs with fully professed confidence in both of their goalies.
The men who recorded the video say they released it so the world could get a fuller understanding of what happened beyond the viral clip.
A federal jury convicted a Minnesota man of illegally possessing a machine gun while on the way to a Twin Cities high school graduation.
The Pillsbury Owl, accidentally damaged in 2023 by a museum visitor, is back on display at the Minneapolis Institute of Art.
A north Minneapolis dance coach wants to give her team a glimpse at greatness.
From the controversies to the name-calling to bathhouse proposals to perhaps not renewing Police Chief Brian O'Hara's contract, it seems the Minneapolis City Council is always giving us something to talk about.
The U.S. Senate on Thursday voted to end a mining ban near the Boundary Waters in northern Minnesota.
A farm in Monticello, Minnesota, is recovering after a barn fire on Saturday killed dozens of animals, according to the facility.
Kale Misegades averaged a 36 point double-double this season as his Henning Hornets went undefeated until the state semifinal, where they got upset in overtime to the eventual state champs.
"I lost six of my battle buddies who were sitting pretty close to me and that's a struggle within itself. The invisible wounds are hard to heal," Sgt. Cory Hicks said.
Mitchell Bechtold, who is pastor for four churches in the area, has now filmed more than 40 churches across central Minnesota, with many still ahead.
A woman was found dead at a complex on the Mississippi River in Winona County, Minnesota, on Wednesday morning.
Gamblers in Wisconsin will still have to wait months or maybe even longer before they can start to legally place bets.
Leaders on the board that oversees the Universities of Wisconsin say that the fired president of the system was slow to address pressing issues like artificial intelligence and feared upsetting policymakers, faculty and staff.
It's one of the largest musky hatcheries in the entire world. John Lauritsen shows us how the Spooner hatchery keeps fish healthy and anglers happy.
Officials at the Universities of Wisconsin have fired the system's president after he refused their offer to quietly resign and said they never gave a clear reason why he should.
Mackenzie Reed, head custodian at Shakopee East Middle School, has painted large-scale murals throughout the building she once attended as a student, creating a more welcoming space for current students.
Kristi comes to the Salvation Army not only to get food, but to shine her light. She talks with and encourages people waiting in line.
The way Mary Hernandez describes it, the effort to keep families off the street in Shakopee, Minnesota, is like trying to keep your head above water.
Deputy Fire Marshal Shawn Johnson, 61, died March 5 after a two-year battle with job-related cancer, the Minnetonka Fire Department announced.
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.
Todd Lyons, the acting head of U.S. Immigration and Customs Enforcement, is planning to leave the federal government later this spring.
From name calling to bathhouse proposals and possibly ousting the police chief, there’s always something to talk about with the Minneapolis City Council.
From the controversies to the name-calling to bathhouse proposals to perhaps not renewing Police Chief Brian O'Hara's contract, it seems the Minneapolis City Council is always giving us something to talk about.
From the controversies to the name-calling to bathhouse proposals to perhaps not renewing Police Chief Brian O'Hara's contract, it seems the Minneapolis City Council is always giving us something to talk about.
The U.S. Senate voted to end the ban on mining near the Boundary Waters Canoe Area Wilderness in northern Minnesota.
The bills aim to close what supporters call a gambling law loophole, allowing for these prediction markets to flourish with no regulations.
It's a bittersweet changing of kegs and hands in northeast Minneapolis as HeadFlyer Brewing issued a permanent last call on Sunday.
Minnesota continues to beat the national gas price average, but there are still ways to save in the metro area.
A passenger on an American Airlines flight from New York to Chicago has been charged with making a false bomb threat that forced an emergency landing at Detroit Metro Airport last month, according to a federal criminal complaint.
Your car isn't the only vehicle that needs gas. It's a huge budget item for Minnesota fire departments, police and mass transit.
Federal agents say they executed criminal search warrants at two Twin Cities stores on Thursday as part of an investigation into $2.1 million of Supplemental Nutrition Assistance Program fraud.
A federal jury convicted a Minnesota man of illegally possessing a machine gun while on the way to a Twin Cities high school graduation.
A 19-year-old man has been sentenced for criminal vehicular homicide in a crash last year in Independence, Minnesota, that killed an 11-year-old girl, according to court records filed Wednesday.
A 21-year-old White Bear Lake, Minnesota, man pleaded guilty on Thursday in a fatal high-speed crash that killed two young men during a street race last summer.
Gregory Morgan Jr. of Temple Hills, Maryland, was charged Thursday morning with two counts of second-degree assault in the Feb. 5 incident.
At M Health Fairview Southdale Hospital in Edina, Minnesota, there is an emergency room within the emergency room, focused on mental health.
Lawmakers at the Minnesota State Capitol are searching for solutions, trying to lend a hand to Hennepin Healthcare before it's too late.
The popular afternoon pick-me-up in a cup is like a super food, supplement and medicine cure-all.
At 5 years old, William Staley Olesen is a ball of energy. Watching him run around, laugh and play, it would be hard to know just how much he has already been through.
With a billion in Medicaid cuts, Hennepin Healthcare, a hospital that serves people with or without insurance, will likely close if state lawmakers don't act.
A video game is helping people experience the Ojibwe culture in a new way.
At Mixed Blood Theatre in Minneapolis, a new production is using the stage to explore the impact of immigration and displacement.
Brad Paisley, along with special guest Avery Anna, will take to the stage on Sept. 3.
Minnesota's own Bob Dylan will return to the Twin Cities to play a show at the new Mystic Lake Amphitheater this summer.
Lady Gaga is still slated to perform in St. Paul later this week, despite canceling her Monday night show in Montreal.
The Minnesota Wild have entered the playoffs with fully professed confidence in both of their goalies.
A north Minneapolis dance coach wants to give her team a glimpse at greatness.
The Minnesota Vikings own nine picks in the NFL draft this year after missing the playoffs last season.
Jessie Eldridge scored two goals to go with an assist, Alina Müller had two assists and a goal, and the Boston Fleet beat the Minnesota Frost 3-2.
The Minnesota Twins and Major League Baseball are investigating Jarren Duran's allegation that a fan he pointed his middle finger at during a game had told the Boston Red Sox outfielder to kill himself.
From the controversies to the name-calling to bathhouse proposals to perhaps not renewing Police Chief Brian O'Hara's contract, it seems the Minneapolis City Council is always giving us something to talk about.
From the controversies to the name-calling to bathhouse proposals to perhaps not renewing Police Chief Brian O'Hara's contract, it seems the Minneapolis City Council is always giving us something to talk about.
Both the DFL and GOP nominating conventions are the last weekend in May 7, and voting for the Aug. 11 primary begins in June.
Minnesota's hospitals are facing a growing financial crisis amid higher costs, fewer insured patients, shuttering clinics and federal Medicaid cuts.
Minnesota's hospitals are facing a growing financial crisis amid higher costs, fewer insured patients, shuttering clinics and federal Medicaid cuts.
At Arnie Lillo's Creations in Blue Earth County, you can visit a metal-scaled version of the Eiffel Tower and the Golden Gate Bridge. The works of art have taken on a shape of their own.
It's one of the largest musky hatcheries in the entire world. John Lauritsen shows us how the Spooner hatchery keeps fish healthy and anglers happy.
Shattuck-St. Mary's is more than a hockey school, but hockey has helped put the school on the map. They have banners and big names to prove it, though the real evidence lies with a man called Rooster.
Opening Day for the Minnesota Twins is almost here. And across town, the St. Paul Saints are getting ready for their season, too, with some added history.
The Nuss Collection is home to a lot of vintage trucks.
The popular afternoon pick-me-up in a cup is like a super food, supplement and medicine cure-all.
One of the biggest obstacles to exercising can be finding enough time to work out. WCCO explores whether upping the intensity can give someone the same benefits in a shorter amount of time.
Filing your taxes can be stressful. But daydreaming about how to spend that refund makes it worthwhile.
It's estimated that children playing with fire set more than 20,000 fires every year. On average, the fires they start cause nearly 1,000 injuries and 150 deaths each year.
As we all pay more to fuel our cars, drivers might miss the savings hidden right at the pump. It comes down to timing, then adjusting your routine.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
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.
WCCO meteorologist Chris Shaffer says tomorrow will be windy and temperatures will tumble into the 40s and 30s.
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.
WCCO meteorologist Chris Shaffer says a front will move in tomorrow, bringing some showers in storms later in the afternoon.
Thursday afternoon will be the perfect opportunity to get outside, but there's also a chance for storms on Friday.
We’ve got one more day of warmth and sunshine before big changes arrive.
WCCO meteorologist Chris Shaffer says tomorrow will be windy and temperatures will tumble into the 40s and 30s.
The Walker Art Center in Minneapolis says it is terminating its relationship with Cardamom restaurant after its management group decided to replace staff positions with QR codes.
Stealing money meant to help Minnesotans buy food. That is the latest accusation in the state's fraud crisis.
New video shared with WCCO shows the scuffle in which a reporter says she got hurt outside the Whipple Federal Building in Minneapolis on Saturday. Ubah Ali heard from witnesses who say their video shows important moments leading up to the violence.
WCCO meteorologist Chris Shaffer says a front will move in tomorrow, bringing some showers in storms later in the afternoon.