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.
What is New York City doing to keep day cares safe, and how will safety play into the mayor's plans for universal child care across the city?
New York lost its 12th consecutive game, falling 5-3 to the Twins on Tuesday night.
Giancarlo Stanton hit a solo homer in the second and added a two-run double as the New York Yankees extended their winning streak to four straight with a 4-0 win over the Boston Red Sox on Tuesday night.
Sheridan Gorman, an 18-year-old Loyola freshman, was shot and killed in Chicago last month and an undocumented immigrant from Venezuela is under arrest.
A 2009 New York City law requiring most roll-down security gates to be at least 70% transparent is set to take effect this summer.
What is New York City doing to keep day cares safe, and how will safety play into the mayor's plans for universal child care across the city?
A 2009 New York City law requiring most roll-down security gates to be at least 70% transparent is set to take effect this summer.
The horse captured on incredible body-cam footage last week of an NYPD mounted officer chasing down a suspected purse snatcher was rescued from slaughter off a racetrack.
An NYPD narcotics canine named Mulk is back on the job after a near-death experience during a drug busts in the Bronx and Manhattan.
A crackdown on gang violence in Nassau County is delivering results with nearly three dozen arrests in the last week, police said.
Colder weather returns to the New York City area this week with sub-freezing temperatures in the suburbs.
New York City's balmy weather proved to be record-breaking for the date of April 15.
Parts of the New York area could see record high temperatures during a summerlike stretch of weather this week.
A major warmup, featuring summer-like temperatures in the 80s, will take over the Eastern Seaboard beginning Monday.
New York City and the Tri-State Area are finally turning the corner to warmer weather this week.
The horse captured on incredible body-cam footage last week of an NYPD mounted officer chasing down a suspected purse snatcher was rescued from slaughter off a racetrack.
The pop-up JBJ Soul Kitchen at the Ocean County Library in Toms River, N.J. will shut down at the end of the month.
A large four-alarm fire ripped through multiple homes in Ridgefield Park, New Jersey, early Tuesday morning.
Federal law entitles students with disabilities to special education services until they turn 21. What happens next is what many caregivers call "the transition cliff."
Much of New York, New Jersey and Connecticut are under a freeze warning Monday night, and that means crops and plants are in danger of dying.
A crackdown on gang violence in Nassau County is delivering results with nearly three dozen arrests in the last week, police said.
Rex Heuermann admitted in court earlier this month that he strangled all his victims to death, but his ex-wife Asa Ellerup heard his confession prior to his plea.
Decades after their theft, rare books worth millions were recovered in New York City after being stolen from venture capitalist John Hay Whitney's Long Island home.
John Gotti's grandson Carmine Agnello is headed to prison in connection with a COVID fraud scheme in New York.
A young Long Island man who overcame autism to graduate high school as valedictorian is now poised to graduate from Hofstra with top honors.
What is New York City doing to keep day cares safe, and how will safety play into the mayor's plans for universal child care across the city?
There are some out there who believe Mayor Mamdani may have been the catalyst for the Mets' current 11-game losing streak.
Menin's relationship with Mayor Zohran Mamdani is still a work in progress, but the two agree on Gov. Kathy Hochul's proposed pied-à-terre tax.
Former President Barack Obama met privately with New York Mayor Zohran Mamdani before joining together to read to preschoolers at a child care center in the Bronx.
The deal, approved by the FCC, would create a company that owns 265 television stations in 44 states and Washington, D.C.
The 16th Annual Lustgarten Foundation New York City Walk for Pancreatic Cancer Research was held Sunday in Battery Park City.
Advocates fear New York state could be taking a step back when it comes to biomarker testing access for those with Medicaid.
What started as a sinus infection left a Long Island teenager fighting for his life, requiring emergency brain surgery.
Older adults in New Jersey recorded the highest number of suspected overdose deaths in 2025, according to the New Jersey Department of Health.
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.
The upcoming fashion exhibit at the Metropolitan Museum of Art includes 25 mannequins based on real bodies.
A previously unreleased song is one of many ways Prince is being honored a decade after his death.
Singer-songwriter Gavin DeGraw turned to social media for help reconnecting with a New York City bartender after a memorable performance this week.
New York City Mayor Zohran Mamdani and his wife Rama Duwaji will not attend this year's Met Gala, sources said.
The Rock And Roll Hall of Fame unveiled its list of inductees for 2026, and it includes the Wu-Tang Clan, the legendary, local hip-hop collective.
New York lost its 12th consecutive game, falling 5-3 to the Twins on Tuesday night.
Giancarlo Stanton hit a solo homer in the second and added a two-run double as the New York Yankees extended their winning streak to four straight with a 4-0 win over the Boston Red Sox on Tuesday night.
There are some out there who believe Mayor Mamdani may have been the catalyst for the Mets' current 11-game losing streak.
Cam Schlittler, a native of Walpole, said he and his family have received threats from Red Sox fans ahead of his Fenway Park debut Thursday.
CJ McCollum scored 32 points and the Hawks rallied to stun the Knicks 107-106 on Monday night, tying their first-round playoff series at one game apiece.
A 2009 New York City law requiring most roll-down security gates to be at least 70% transparent is set to take effect this summer.
Recurring elevator problems are back and worse than ever at one New York City high-rise, according to tenants.
Students at M.S. 407 transform a barren space into a habitat for bees and butterflies, part of a broader city push to expand pollinator-friendly green spaces.
Brooklyn officials announced a first-of-its-kind initiative to build sensory rooms in every District 75 elementary school.
New York City Mayor Zohran Mamdani's administration unveiled a dramatic traffic redesign at Brooklyn's Grand Army Plaza.
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.
CBS News New York's Lonnie Quinn has your First Alert Forecast for April 21 at 11 p.m.
OpenTable tells Time Out New York that a growing number of New Yorkers are opting for earlier dinner reservations.
New York City Public Schools will open Sept. 10 for the 2026-27 school year, nearly a week later than this year's start.
What is New York City doing to keep day cares safe, and how will safety play into the mayor's plans for universal child care across the city? CBS News New York investigative reporter Tim McNicholas went to get answers.
The heartbroken and grieving parents of a college student from Westchester County who was shot and killed in Chicago are speaking exclusively to CBS.
