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.
Rep. Dan Goldman is facing Brad Lander, the former NYC comptroller, in an intense Democratic primary for New York's 10th Congressional District.
An American Airlines passenger allegedly bit a fellow flyer and was "trying to fight everybody" on a Sunday flight, a pilot said.
A concertgoer fell to his death during rock band Goose's performance Saturday at Madison Square Garden, the New York Police Department said.
A woman was found dead in her Brooklyn home Saturday, leaving the neighborhood in shock.
A small plane crashed into a lake in West Milford, New Jersey, on Saturday.
Rep. Dan Goldman is facing Brad Lander, the former NYC comptroller, in an intense Democratic primary for New York's 10th Congressional District.
A concertgoer fell to his death during rock band Goose's performance Saturday at Madison Square Garden, the New York Police Department said.
A woman was found dead in her Brooklyn home Saturday, leaving the neighborhood in shock.
There will be no horse carriage rides in Central Park until Tuesday in the wake of a tourist's tragic death, according to the union representing carriage drivers.
Adventureland reopened Saturday, but its new Wave Twister ride remained closed one day after 15 kids and one adult were stranded on the ride for hours.
Weather is tranquil and pleasant in the New York City area for Father's Day weekend as summer officially begins.
Dangerous heat is building across the Tri-State Area with the threat of severe storms, making Thursday and Friday First Alert Weather Days.
Thursday and Friday will be First Alert Weather Days in the New York City area, with high temperatures and the chance for strong storms.
The Stamford Fire Department said high winds ripped the 3,000-square-foot flag off the pole atop the WWE building and sent it flying into electrical wires.
Storms hit the New York City area on Saturday, bringing damaging winds, hail and downpours across the region.
A small plane crashed into a lake in West Milford, New Jersey, on Saturday.
The community of Paterson, New Jersey, gathered Friday to root on one of their own in the World Cup.
A West Milford, New Jersey, homeowner says her poodle, named Squilliam, helped her escape a house fire early Friday morning.
Weather is tranquil and pleasant in the New York City area for Father's Day weekend as summer officially begins.
The official warning comes after incidents between coyotes and dogs in North Haledon and Glen Rock.
Firefighters in Hempstead used a ladder truck to free a seagull that got tangled in a rope above a busy street.
Adventureland reopened Saturday, but its new Wave Twister ride remained closed one day after 15 kids and one adult were stranded on the ride for hours.
Fifteen children and one adult were rescued Friday evening after they got stuck on a ride at Long Island's Adventureland amusement park.
Firefighters responded to Adventureland amusement park on Long Island after a ride got stuck Friday night. Dan Rice reports from Chopper 2.
Surveillance video shows a father and a smoke shop owner stop a would-be carjacker from driving away with two children on Long Island.
Rep. Dan Goldman is facing Brad Lander, the former NYC comptroller, in an intense Democratic primary for New York's 10th Congressional District.
The Justice Department says it's released "every document required by the Epstein Files Transparency Act," but CBS News has identified numerous gaps.
Sen. Bernie Sanders and NYC Mayor Zohran Mamdani joined forces Thursday in a last-minute attempt to help three left-of-center congressional candidates win their primaries.
After a tourist from India suffered fatal injuries when horse carriages collided in Central Park, the NYC Council said it will consider banning the attractions entirely.
The New York Knicks are planning to visit the White House, owner James Dolan said Wednesday, marking a first for an NBA Finals winner during President Trump's time in office.
An off-duty EMT jumped into action at the Knicks parade Thursday when a man appeared to be suffering from an overdose.
New York broadcast giant Bill Ritter announced Friday he is stepping down from the WABC anchor desk after being diagnosed with early stage Alzheimer's.
For half a century, The Valerie Fund has been dedicated to providing care to children with cancer and blood disorders.
A New Jersey nonprofit called The Valerie Fund is celebrating 50 years of providing comprehensive care to children with cancer and blood disorders.
New Jersey Gov. Mikie Sherrill is urging people to donate blood ahead of the summer months.
Claude Guillemot and a flight instructor were flying in a twin-motor Cessna 421 on Friday evening. An investigation into the crash is underway.
James Burrows directed more than 1,000 episodes of television, including every episode of the original "Will & Grace."
A New York Knicks documentary series is in the works from director and Knicks superfan Ben Stiller.
New York broadcast giant Bill Ritter announced Friday he is stepping down from the WABC anchor desk after being diagnosed with early stage Alzheimer's.
Taylor Swift attended Game 4 of the NBA Finals between the Knicks and Spurs at Madison Square Garden on Wednesday.
Sal Stewart tied a career high with six RBIs and the Reds pulled away for a 10-2 rout of the Yankees on Saturday.
The community of Paterson, New Jersey, gathered Friday to root on one of their own in the World Cup.
The New York Yankees beat the Cincinnati Reds 5-0 on Friday night.
In front of a roaring Seattle crowd, the U.S. men's soccer team on Friday defeated Australia in its second World Cup match, clinching a spot in the Round of 32 in the process.
Juan Soto hit two solo homers and made a sliding catch in the left-field corner to rob Bryce Harper of a run-scoring hit as the New York Mets defeated the Philadelphia Phillies 6-4.
Experts say the team's title run created a feeling of collective joy and connection, while some local businesses are also seeing a boost from the celebration.
Knicks fans who couldn't make it to Thursday's parade still found a way to celebrate across New York in true blue-and-orange fashion.
A vending machine in Coney Island is offering something unusual alongside the neighborhood's classic attractions: original artwork from local artists.
A years-long battle is intensifying over the future of an old rail line in Queens that was abandoned after a fire over 50 years ago.
Harlem's historic Cotton Club recently announced it was up for sale. The news comes as jazz clubs across the borough disappear.
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.
Freezing the rent became one of the key reasons voters elected Mayor Zohran Mamdani, but can he really deliver on the promise?
Julie Coker, head of NYC Tourism + Conventions, and Chef Marcus Samuelsson, a restauranteur and TV personality, are lobbying New York City for a bigger tourism budget.
Congressman Dan Goldman is in an intense primary faceoff with Brad Lander. Watch his full appearance on "The Point with Marcia Kramer."
Goldman discusses his down-to-the-wire battle to keep his job, then Julie Coker and Chef Marcus Samuelsson weigh in on their efforts to lobby NYC for more tourism dollars.
John Elliott spends the morning at Monmouth Battlefield State Park before a reenactment of the American Revolutionary War battle.
