McCarthy says debt ceilng meeting with Biden "productive"
President Biden and House Speaker Kevin McCarthy huddled yet again as the debt ceiling "X" date nears.
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President Biden and House Speaker Kevin McCarthy huddled yet again as the debt ceiling "X" date nears.
McCarthy said Sunday that he had a "productive" call with Mr. Biden as the president returns from the G-7 conference in Japan.
House Speaker Kevin McCarthy said Sunday that he and President Joe Biden had a "productive" call,.
The federal government is less than two weeks away from going into default without a deal.
Without a deal, Treasury Secretary Janet Yellen has said the U.S. could be unable to pay its bills and might default on its debt as soon as June 1.
There's deadlock over the debt ceiling as we get closer to a major deadline. Republicans say they are not confident a deal can be reached before the nation defaults. Cristian Benavides reports for CBS2.
"It's hard to overstate how bad it would be," one expert said. Everything from Social Security payments to your retirement fund could get hit.
Former President Donald Trump said in a CNN town hall that Carroll's story was "fake" and "made up," despite the swift and unanimous verdict.
"No one should assume that the Fed can… really protect the economy and the financial system, and our reputation globally, from the damage such an event might inflict," Federal Reserve Chairman Jerome Powell said.
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.
McCarthy is in a showdown with Pres. Biden over raising the debt ceiling.
The fight over the nation's debt limit could have very real implications on everything from your 401(k) to Social Security.
If Congress doesn't act, financial experts warn interest rates could go up on loans and mortgages, and the stock market could be in for another bumpy ride.
Senate Democrats still don't like the idea of using the budget maneuver to raise the debt limit.
Democrats and Republicans in the Senate reached a deal to extend the debt ceiling through early December, avoiding what could have been an economic disaster.
Senate leaders have taken control of efforts to avert a Treasury default and end the partial shutdown of the federal government.
The average home heating oil prices in Connecticut hover at the $3.60 per gallon mark.
Congress has failed to pass a budget for the last several years but some senate Democrats, including Connecticut's Richard Blumenthal, sense a change in the air.
President Barack Obama demanded Monday that Congress raise the federal debt limit quickly and said he will soon ask Congress to enact new gun legislation in the wake of the shootings a month ago in Newtown, Conn.
With one month to go before we reach the fiscal cliff, Republicans are going to have to figure out how to do something serious for a change instead of grandstanding and avoiding specifics.
Speaker John Boehner believes he holds a strong hand in fiscal cliff and debt limit talks. He is, once again, taking the global economy hostage and playing politics with the U.S. debt limit.
Grover is the ultimate in single interest constituencies in Washington. He is not accountable to anybody. He does not disclose who funds him, who pays him to do what he does or how much he is paid to blackmail GOP Members of Congress to sign his pledge not to raise taxes.
Investors hoping for relief from last week's volatility in the stock market found it Monday.
Even a survey showing Americans are dismayed about the economy didn't stop the gains on Wall Street today.
Nicolas Fernández scored twice in the first half and Talles Magno scored late in the second to propel New York City FC to a 3-1 victory over the Colorado Rapids at Yankee Stadium on Saturday night.
The New Jersey Devils edged the Los Angeles Kings 6-4 on Saturday night.
The New York Islanders raced to an early lead and held on to beat the Calgary Flames 3-2 on Saturday.
Igor Shesterkin made 46 saves and Vladislav Gavrikov had a goal and two assists as the New York Rangers extended their winning streak to four games with a 4-2 win over the Minnesota Wild.
Six U.S. service members who were killed in a military refueling aircraft crash over Iraq last week have been identified as members of the Ohio Air National Guard and Florida-based crew members.
A taxi driver struck two pedestrians before crashing into a building on the Lower East Side on Saturday.
Bronx Week is back on. Last week, Borough President Vanessa Gibson said the multi-day event had been put on pause this year to the budget deficit.
The first case of mpox clade I has been detected in New York City, health officials said Friday. Of the two types of mpox, clade I is known to cause more severe disease and death.
Thousands of runners are participating in the New York City half-marathon today. Here's the weather forecast, route map, street closures and everything to know about the event.
New York City Mayor Zohran Mamdani signed an executive order Friday establishing the first-ever Mayor's Office of LGBTQIA+ Affairs.
The New York area is in for a mild weekend before the weather takes a turn to start the work week.
It will be rainy on Thursday morning, and the weather will change to snow as temperatures drop across the Tri-State Area.
Thunderstorms are expected in New York, New Jersey and Connecticut this weekend after severe weather hit the Midwest.
Periods of rain will move through the New York area Thursday, but spring temperatures are on the way for the weekend.
Snow and rain will make for messy morning and evening commutes for New Yorkers on Tuesday. It's a First Alert Weather Day.
Four people, including two teens and two construction workers, were hurt in a house explosion in Newark, New Jersey, on Saturday.
Heights University Hospital, formerly known as Christ Hospital, shuttered its emergency room Saturday night.
The New York area is in for a mild weekend before the weather takes a turn to start the work week.
At least 10 dead geese were recently found at Verona Park in Essex County, New Jersey.
Overhead wire problems at the Portal Bridge forced the suspension of some NJ Transit and Amtrak trains Friday.
Prosecutors said Matthew Smith fended off efforts to hand over his car keys before the crash that killed Nassau County police officer Patricia Espinosa.
A Manorville breeder was charged with animal neglect after dogs and puppies were allegedly left alone in poor conditions as a blizzard struck New York.
A father and son died in an overnight fire on Long Island. Kenneth Roberts, 42, and his son Mekhi, 12, were trapped in intense smoke inside a basement apartment.
Jones Beach will host a series of special events commemorating America's 250th birthday this summer.
A Long Island woman is reuniting with the NYU Langone medical team that helped deliver her baby after she suffered from kidney failure.
With oil markets paralyzed by the U.S.-Iran war, the Trump administration says it could escort ships through the Strait of Hormuz — a massive undertaking that experts say could already be in the preparatory stages.
New York City Mayor Zohran Mamdani signed an executive order Friday establishing the first-ever Mayor's Office of LGBTQIA+ Affairs.
NYC Mayor Zohran Mamdani denounced Republican Sen. Tommy Tuberville's anti-Muslim social media post during a Ramadan event.
The war, which shows no signs of ending soon, has upended global air travel, disrupted oil exports from the region and sent fuel prices rising across the world.
A New Jersey toddler's death after falling more than 20 stories has prompted new legislation designed to ensure windows are properly guarded in apartment buildings across the state.
The first case of mpox clade I has been detected in New York City, health officials said Friday. Of the two types of mpox, clade I is known to cause more severe disease and death.
Heights University Hospital, formerly known as Christ Hospital, shuttered its emergency room Saturday night.
New Jersey Sen. Andy Kim is opening up about his father's Alzheimer's diagnosis in hopes of helping others struggling like him to care for their loved ones.
A new study shows toxic forever chemicals known as PFAS may be entering the food chain on Long Island through contaminated soil, water and air.
Erik Lochtefeld is back to acting and marathon training after a glioblastoma diagnosis and complex surgery at NYU Langone.
Legendary New York City television news anchor Ernie Anastos has died. His wife says he died early Thursday morning of pneumonia.
Ballerina Misty Copeland responded to controversial comments made by actor Timothée Chalamet when he appeared to dismiss the significance of ballet and opera, saying, "No one cares."
A woman was arrested on Sunday for firing multiple shots at the Beverly Hills home of Rihanna, Los Angeles Police Department officials say.
Actress Daryl Hannah explains why the depiction of herself in the FX miniseries "Love Story" is unacceptable in an op-ed in Friday's New York Times.
Justin Timberlake is suing Sag Harbor to prevent the release of bodycam video of his 2024 arrest for driving while intoxicated on Long Island.
Nicolas Fernández scored twice in the first half and Talles Magno scored late in the second to propel New York City FC to a 3-1 victory over the Colorado Rapids at Yankee Stadium on Saturday night.
The New Jersey Devils edged the Los Angeles Kings 6-4 on Saturday night.
The New York Islanders raced to an early lead and held on to beat the Calgary Flames 3-2 on Saturday.
Igor Shesterkin made 46 saves and Vladislav Gavrikov had a goal and two assists as the New York Rangers extended their winning streak to four games with a 4-2 win over the Minnesota Wild.
The top-seeded Red Storm became the first team to win consecutive Big East Tournament titles since Villanova took three in a row from 2017-19.
The NYC DEP has announced plans to clean Flushing Creek with chlorine, sparking outrage among some environmentalists.
Neighbors and local businesses in Long Island City, Queens, say rental trucks parked on streets are impacting daily operations.
Erik Lochtefeld is back to acting and marathon training after a glioblastoma diagnosis and complex surgery at NYU Langone.
Manhattan historians recently discovered a link to the Underground Railroad at the Merchant's House Museum.
The National Dance Institute in Harlem hosts a special camp twice a year to bring together dancers with and without special needs for a dance camp, proving anyone can take center stage.
The Halloween tradition strolled through Manhattan's East Village on Sunday, with furry friends dressed in colorful costumes.
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.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Dogs got decked out for the annual Tompkins Square Halloween Dog Parade in New York City's East Village on Saturday.
Cosplayers flooded New York City's Javits Center in October 2024 for the annual New York Comic Con convention.
A 29-year-old man was shot in the arm and a 27-year-old woman suffered a graze wound to her back on McDonald Avenue in Gravesend, police said.
We're hearing from the family of a U.S. service member killed in the refueling operation in the war with Iran. CBS News' Shawna Mizelle reports.
Video shows intense flames shooting out of the top floors on Conklin Avenue, where FDNY said at least two people suffered serious injuries.
John Elliott has the Tri-State Area's updated Sunday morning First Alert Forecast on CBS News New York.
Runners are making their way from Brooklyn's Prospect Park to Central Park in Manhattan. CBS News New York's Noëlle Lilley reports.
