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.
Watch CBS News
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.
Supporters of a proposal for a fifth firefighter on FDNY engines will rally to get the Mamdani administration to reverse cuts in place since the Bloomberg era.
Trump tells his critics to "sit back and relax" after another exchange of airstrikes tests the shaky U.S.-Iran ceasefire.
The fire on 40th Street in Sunnyside left one man dead and another fighting for his life, the New York City Fire Department said.
Senate Democrats are launching a coordinated effort to kill the Trump administration's $1.7+ billion "anti-weaponization fund."
Nearly a week after clinching their first NBA Finals berth since 1999, the Knicks were at last able to practice Sunday while knowing who they were practicing for,
Supporters of a proposal for a fifth firefighter on FDNY engines will rally to get the Mamdani administration to reverse cuts in place since the Bloomberg era.
The fire on 40th Street in Sunnyside left one man dead and another fighting for his life, the New York City Fire Department said.
Nearly a week after clinching their first NBA Finals berth since 1999, the Knicks were at last able to practice Sunday while knowing who they were practicing for,
Zohran Mamdani on Sunday became the first New York City mayor in recent memory not to attend the Israel Day Parade.
Rep. Nydia Velázquez's decision to retire from Congress has sparked one of the top Democratic primaries in the five boroughs, pitting progressives against democratic socialists.
It's unseasonably warm in New York City on Wednesday as humidity adds to the summer-like weather. There's also a slight chance for showers in parts of the Tri-State Area.
It's back to feeling like spring, and even summer on some days, as warm weather and sunshine return to the New York area.
A final round of showers is moving through the New York area in the morning before the rest of the week turns much drier and warmer.
The New York area is off to a soggy start to the unofficial kickoff of summer with rainy weather this Memorial Day Weekend.
It's a gloomy day with rain lingering across the Tri-State Area as Memorial Day weekend shapes up to be unsettled.
A referee at a Franklin Township flag football game choked a coach after a call on the field escalated Sunday, police said.
Protesters and New Jersey State Police clashed again Sunday night near Delaney Hall, despite a 9 p.m. curfew imposed by Newark Mayor Ras Baraka.
Late Saturday, Newark Mayor Ras J. Baraka announced he would be enacting a curfew outside Delaney Hall moving forward.
A former Flemington, N.J. councilman is serving time in prison after having been convicted for distributing cocaine.
Clashes between New Jersey State Police and protesters erupted outside the Delaney Hall immigration detention facility Friday night.
Not many people know Hollywood icon Marilyn Monroe's splash to stardom began at a Long Island beach.
A sixth grader from Long Island's Sag Harbor died in a rafting accident on a school trip, officials said.
Loved ones of a 7-year-old girl allegedly murdered by her caretaker say they're haunted by how they learned of the little girl's death.
On Long Island, one woman has started a movement showing people just how important it is to smile every day.
A predatory invasive fish that can survive out of water and even cross the street has been found in a Long Island pond.
Supporters of a proposal for a fifth firefighter on FDNY engines will rally to get the Mamdani administration to reverse cuts in place since the Bloomberg era.
Senate Democrats are launching a coordinated effort to kill the Trump administration's $1.7+ billion "anti-weaponization fund."
Zohran Mamdani on Sunday became the first New York City mayor in recent memory not to attend the Israel Day Parade.
Rep. Nydia Velázquez's decision to retire from Congress has sparked one of the top Democratic primaries in the five boroughs, pitting progressives against democratic socialists.
Protesters and New Jersey State Police clashed again Sunday night near Delaney Hall, despite a 9 p.m. curfew imposed by Newark Mayor Ras Baraka.
New Jersey Gov. Mikie Sherrill is urging people to donate blood ahead of the summer months.
There's no vaccine for the Bourbon virus, nor medicine to treat it, according to the U.S. Centers for Disease Control and Prevention.
Marie Francillion was diagnosed with lung cancer after she was feeling heartburn and shoulder pain. She said she's able to remain hopeful and spend more time with her family because of a different type of treatment.
New York City's Department of Health is evaluating an East Village apartment complex after two residents were diagnosed with Legionnaires' disease over the course of a year.
Thousands of people showed up bright and early for AIDS Walk New York 2026, the largest HIV and AIDS fundraiser in the U.S., in Central Park on Sunday.
Not many people know Hollywood icon Marilyn Monroe's splash to stardom began at a Long Island beach.
Federal prosecutors have indicted ex-Miami Heat guard Terry Rozier on additional charges related to a sports gambling sting.
President Trump said he is considering replacing the Freedom 250 concert series with a rally after many artists dropped out.
Sonny Rollins, the legendary tenor saxophonist known for his bold tone and constant experimentation, has died at 95.
Stephen Colbert made a surprise appearance hosting the "Only in Monroe" community access show broadcast in Monroe, Michigan, on Friday, one night after he recorded his final episode of "The Late Show."
Nearly a week after clinching their first NBA Finals berth since 1999, the Knicks were at last able to practice Sunday while knowing who they were practicing for,
A referee at a Franklin Township flag football game choked a coach after a call on the field escalated Sunday, police said.
Juan Soto hit a grand slam, Carson Benge launched his first leadoff homer and the Mets routed the Marlins 10-1 on Sunday to finish a three-game sweep.
Ben Rice had two extra-base hits and four RBIs in a 13-run third inning that was the biggest for the New York Yankees in 21 years, carrying them to a 13-8 victory over the Athletics.
Victor Wembanyama and the Spurs are headed to the NBA Finals to face the New York Knicks.
Before there was a Brooklyn, there was a flagpole, and since the earliest days of our country, it stood as a symbol of freedom and self-determination.
Monitor Point proposal in Greenpoint would bring 1,150 apartments, including 460 affordable units, to former industrial waterfront site.
Gold Star families, veterans and thousands of spectators gathered in Bay Ridge to remember those who made the ultimate sacrifice.
The grassroots group pushed for bilingual policing, victim support and anti-gang efforts as Brooklyn's Chinatown rapidly grew.
Advocates estimate one-third of the 200-acre park in Flushing is still without functioning drinking fountains and bathrooms.
People dressed in elaborate headgear and paraded up Fifth Avenue for New York City's Easter Sunday tradition.
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.
The annual Easter Parade and Easter Bonnet Festival was held in Manhattan on April 20, 2025.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Supporters of a proposal for a fifth firefighter on FDNY engines will rally to get the Mamdani administration to reverse cuts in place since the Bloomberg era. CBS News New York's Aziza Shuler reports.
Overnight, the U.S. Central Command announced new "measured and deliberate" strikes on three strategic targets in Iran. CBS News' Bradley Blackburn reports.
New Jersey State Police maintained the perimeter around Delaney Hall until the overnight curfew was lifted for the day. CBS News New York's Christina Fan reports.
The fire on 40th Street in Sunnyside left one man dead and another fighting for his life, the New York City Fire Department said. CBS News New York's Elijah Westbrook reports.
A 37-year-old man was hospitalized after getting shot in the leg in the Williamsbridge section. CBS News New York's Elijah Westbrook reports.
