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.
The Minnesota Timberwolves plan to formally introduce their new star point guard on Tuesday.
Wildfires raging in northern Minnesota prompted evacuation orders Tuesday morning for some residents of Lake County.
Three people who died after a pontoon overturned on Lake Pepin over the weekend have been identified.
Lower gasoline prices slowed inflation in June, though many household costs remained stubbornly high.
Four people were killed in a three-vehicle crash in central Minnesota Monday afternoon, according to the state patrol.
Three Minnesota ice cream shops are in the running for a national title this summer.
The Mall of America in Bloomington is likely the most complicated place in the state to keep cool. WCCO got an exclusive look at the cooling system on the site's roof.
It may not be the first sport you think of, but cheerleading is definitely a sport. There are an estimated 4.5 million participants across 70 countries, with most in the U.S., where the sport originated.
Firefighters are working to put out a blaze at a church in Rosemount, Minnesota, on Monday afternoon.
The Minnesota State Patrol and the Eagan Police Department responded to a report of a road rage incident on northbound Interstate 35E near Deerwood Drive around 5:16 p.m., according to Eagan police.
Wildfires raging in northern Minnesota prompted evacuation orders Tuesday morning for some residents of Lake County.
Three people who died after a pontoon overturned on Lake Pepin over the weekend have been identified.
Four people were killed in a three-vehicle crash in central Minnesota Monday afternoon, according to the state patrol.
The southeastern Minnesota community of Wabasha is reeling after a deadly crash on Lake Pepin Saturday night.
We know what the heat does to people and pets, but it also poses a challenge for Minnesota farmers trying to keep their livestock healthy during hot days.
Three people who died after a pontoon overturned on Lake Pepin over the weekend have been identified.
Two of the decedents were members of the Wabasha Fire Department, the chief confirmed.
A Wisconsin family lost their ten-month-old daughter after she swallowed a water bead. They blame Target and the water bead manufacturer for her death.
Francesca Hong has not backed away from calls to defund and abolish the police, raise taxes on the wealthy, and create a state-owned bank — positions now facing voters in a state Trump has carried twice.
A former Wisconsin judge will soon learn her sentence for felony obstruction for helping an immigrant evade federal officers.
The city of St. Paul, Minnesota, is taking a stand and closing encampments amid growing concerns.
Baseball fans might remember the Metrodome's iconic blue seats, and now in Atwater, Minnesota, spectators can once again grab a blue seat and watch a game.
Tucked away in the Midway neighborhood in St. Paul is a community treasure many have come to love and respect.
What started as a small fundraiser following one of Joe's surgeries at Gillette Children's has grown into a community tradition that has raised nearly $100,000 for the hospital.
A trip to the video store was once a weekly ritual, and now one Minnesota movie lover is trying to bring that experience back.
Just days after his sudden death, U.S. Sen. Lindsey Graham's sister is set to be sworn in on Capitol Hill.
The top prosecutors of Minnesota and Hennepin County say federal investigators are now sharing evidence in connection to the shootings by immigration agents in the state amid Operation Metro Surge earlier this year in Minneapolis, including Renee Good's SUV.
U.S. District Judge Kathleen Williams said President Trump's lawsuit against the IRS had been filed for an "improper purpose."
The top prosecutors of Minnesota and Hennepin County say federal investigators are now sharing evidence in connection to the shootings by immigration agents in the state amid Operation Metro Surge earlier this year in Minneapolis, including Renee Good's SUV.
Increased strikes come as Iran threatens not to hold up its end of the framework for peace if the U.S. doesn't uphold its commitments.
A Wisconsin family lost their ten-month-old daughter after she swallowed a water bead. They blame Target and the water bead manufacturer for her death.
For many Minnesotans, the road to the Fourth of July starts with a short drive across the St. Croix River to Wisconsin to stock up on fireworks. The kinds of pyrotechnics that can be legally ignited in Minnesota might be surprising.
Insurance experts say hail damage claims that once averaged $10,000–$15,000 now routinely reach $40,000–$60,000, even as many policies have shifted away from full replacement coverage.
Hundreds of workers, employed by Delaware North Company to serve food and drinks, say they are fighting for livable wages and healthcare benefits.
Target is tapping designer and TV personality Isaac Mizrahi for a newly created role as creative director at large as the discounter aims to reclaim its reputation for stylish clothing on a budget.
A man labeled by the Department of Justice as the 78th person charged in the Feeding Our Future fraud scheme has pleaded guilty, according to a court document filed in the U.S. District Court of Minnesota on Monday.
The top prosecutors of Minnesota and Hennepin County say federal investigators are now sharing evidence in connection to the shootings by immigration agents in the state amid Operation Metro Surge earlier this year in Minneapolis, including Renee Good's SUV.
The Minnesota State Patrol and the Eagan Police Department responded to a report of a road rage incident on northbound Interstate 35E near Deerwood Drive around 5:16 p.m., according to Eagan police.
Two people were injured when they jumped from a moving trailer after the pickup truck it was attached to was stolen Saturday morning in Minneapolis.
A judge sentenced a man to 10.5 years in prison in connection with a federal crackdown involving dozens of members of a major gang in Minneapolis.
More than 75,000 Minnesotans have been approved for the state's paid family and medical leave program, which launched at the beginning of the year.
Skip the latest fad diet. The best way to manage your weight might already be sitting on your plate.
Dozens of Twin Cities hospice workers are walking the picket line Monday in a one-day strike after nearly a year of negotiations for an inaugural union contract.
As Mayor Jacob Frey pledges a crackdown at open-air drug markets in Minneapolis, WCCO found brutal honesty about the situation from people who say they actively participate in the illicit trade.
Noah Walden says he didn't notice anything unusual while eating. About three days later, he began experiencing stomach pain that continued to worsen over the next several days.
Three Minnesota ice cream shops are in the running for a national title this summer.
New Zealand actor Sam Neill, known for "Jurassic Park" and "The Piano," died Monday at 78, his family says.
A St. Paul, Minnesota, neighborhood that has struggled to keep businesses might be turning a corner.
It's another action-packed weekend here in Minnesota, featuring hot dogs, book fairs, community celebrations and more.
Bonnie Tyler, the Welsh pop star best known for singing the chart-topping power ballad "Total Eclipse of the Heart" in 1983, has died. She was 75.
The Minnesota Timberwolves plan to formally introduce their new star point guard on Tuesday.
Kayla McBride scored a season-high 37 points, rookie Olivia Miles had a career-high 33 and the Minnesota Lynx beat the Phoenix Mercury 104-100 on Monday night for their third straight victory.
It may not be the first sport you think of, but cheerleading is definitely a sport. There are an estimated 4.5 million participants across 70 countries, with most in the U.S., where the sport originated.
Trevor Larnach homered and drove in two runs, Ryan Jeffers added a two-run double and the Minnesota Twins beat the Los Angeles Angels 4-2 Sunday and have won eight of their last nine series heading into the All-Star break.
Royce Lewis hit a two-run homer and sparked the go-ahead rally with a seventh-inning double as the Minnesota Twins beat the Los Angeles Angels 5-3.
There's less than a month to go before the Aug. 11 primary, and one of the most watched and competitive races is the DFL race for the nomination for U.S. Senate between Lt. Gov. Peggy Flanagan and Rep. Angie Craig.
New campaign finance numbers are expected out later this week in federal races, including Minnesota's U.S. Senate race, where a flood of ads is evidence of a highly competitive race.
Minnesota Republicans head into an August primary shaped by a president who has lost the state three times but still commands outsized loyalty from its conservative base.
Minnesota Republicans head into an August primary shaped by a president who has lost the state three times but still commands outsized loyalty from its conservative base.
Mike Lindell, who leads the Minnesota Republican gubernatorial primary at 27%, is proposing conditional non-resident visas for undocumented immigrants with no criminal record — a position that differs from the Trump administration's approach.
There's a scenic, nearly century-old spot in St. Cloud, Minnesota, where right now you'll find thousands of flowers in bloom.
Baseball fans might remember the Metrodome's iconic blue seats, and now in Atwater, Minnesota, spectators can once again grab a blue seat and watch a game.
It's a lake cruise in the middle of town, and there's more than pelicans on the Pelican Breeze tour in Albert Lea, Minnesota.
Currie, Minnesota, is truly small-town America. The population hovers at just over 200. But on the northern outskirts, you'll happen upon a place with plenty of bells and whistles: End-O-Line Railroad Park and Museum
School's out, summer's here, and if you're heading to the lake on Highway 10, you may just stumble upon hidden treasure.
It's one of Minnesota's rules of the road in which two is better than one. But Jodi from Lakeville emailed WCCO saying a lot of drivers don't seem to care about the law.
Catching a flight with just a carry-on can make travel feel easy. No need to check a bag and all your belongings stay with you. But quite often, that suddenly changes before boarding.
Skip the latest fad diet. The best way to manage your weight might already be sitting on your plate.
There's no doubt your air conditioning unit is working overtime this week as oppressive heat blankets Minnesota.
In every corner of the metro, and across Minnesota, you'll find construction crews ripping up roads and rebuilding bridges. WCCO looks into whether the piles of rubble they create can get a second life.
The Minnesota State Fair has unveiled its new foods for 2026.
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.
A NEXT Weather Alert remains in effect through Thursday evening, as does an extreme heat warning.
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.
Dangerous heat will continue across Minnesota for the next few days.
Dangerous heat will continue across Minnesota for the next few days.
Soccer teams from 24 states and 13 countries are set to take part in the Target USA Cup in Blaine. But they'll have to face an added opponent — the sweltering sun.
Wildfires are burning through thousands of acres up north, Sen. Lindsey Graham’s sister will be sworn in to the Senate and more.
A NEXT Weather Alert remains in effect through Thursday evening, as does an extreme heat warning.
Dangerous temperatures remain an issue across the state, while wildfires burn up north, plus more of the day’s top stories.
Just days after his sudden death, U.S. Sen. Lindsey Graham's sister is set to be sworn in on Capitol Hill.
Dangerous heat will continue across Minnesota for the next few days.