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.
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.
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.
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.
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.
Jalen Brunson returned from a right foot injury to score 24 of his 29 points in the second half, leading the New York Knicks to a 130-121 victory over the Indiana Pacers for a 2-0 lead in the Eastern Conference semifinals.
Juan Soto homered and drove in five runs, Aaron Judge and Giancarlo Stanton also went deep and the New York Yankees beat the Houston Astros 9-4.
Three teenagers were rescued after they got stuck on a cliffside in Upper Manhattan on Wednesday.
Know these three surefire signs that your mattress has bedbugs.
Three of four Brooklyn gang members convicted for a series of fatal shootings were sentenced Wednesday.
Three teenagers were rescued after they got stuck on a cliffside in Upper Manhattan on Wednesday.
Three of four Brooklyn gang members convicted for a series of fatal shootings were sentenced Wednesday.
The family of 19-year-old Win Rozario is calling for the two officers involved to be fired.
Nearly two dozen faculty members at The New School put up tents in the Greenwich Village school's lobby on Wednesday.
A New York City woman says she lost over $2,000 in a Venmo scam after two teenagers approached her asking for a donation.
Traffic was flowing on I-95 in Norwalk Monday after being shut down in both directions due to a fiery tractor-trailer crash last week.
I-95 fully reopened in both directions Sunday in Norwalk, Connecticut, days after a tanker truck caught fire and badly damaged a bridge.
Northbound lanes of I-95 have reopened in Norwalk, Connecticut after crews demolished a bridge that was damaged in a tanker truck fire.
As we progress into Sunday, light showers will become a steady rain, which may be moderate to heavy at times.
The I-95 overpass in Norwalk, Connecticut that was damaged in a fiery tanker truck crash is being demolished, but the highway remains partially closed.
Jewish students and leaders are not happy with Rutgers University's agreement with pro-Palestinian protesters.
The American Cancer Society is trying to find out why Black women have the highest death rate for most cancers.
New Jersey leaders announced Tuesday the expansion of its partnership with mental health and wellness platform Uwill for two more years.
In wake of last week's pro-Palestinian protests, all is quiet on Rutgers' New Brunswick campus as students finish up finals.
TSA says Newark Airport security wait times may take longer for the next few weeks as the airport upgrades its screening technology.
An accused international jewelry thief was arrested in New York City after he was allegedly caught on video pocketing a $17,000 watch inside a Long Island store.
The land in East Farmingdale, near Republic Airport, has been vacant since the 1990s.
As we progress into Sunday, light showers will become a steady rain, which may be moderate to heavy at times.
The controversial New York City congestion pricing tolls set to start June 30 are facing another lawsuit, this time from Long Island.
Isis Navarro Reyes, of New York, allegedly posted TikTok videos marketing weight loss drugs that appeared to be Ozempic, Mesofrance and Axcion.
Nearly two dozen faculty members at The New School put up tents in the Greenwich Village school's lobby on Wednesday.
Jewish students and leaders are not happy with Rutgers University's agreement with pro-Palestinian protesters.
Biden said in an interview with CNN he's "made it clear" to Israelis that "they're not going to get our support" if they attack Rafah's population centers.
Three public school district leaders testified before a congressional panel Tuesday on incidents of antisemitism in their schools.
Stormy Daniels was called to the witness stand to testify at former President Donald Trump's trial in New York on Tuesday.
Panera is phasing out a highly caffeinated selection of lemonade beverages that's at the center of several lawsuits.
Hormel Foods says potentially contaminated products were shipped to Publix and Dollar Tree distribution warehouses.
A New Jersey teenager says making music helps bring him to a better place as he fights cancer.
Dutch medical device maker Philips says it's reached a $1.1 billion deal in the United States to settle lawsuits over faulty sleep machines in a case that's rocked the company.
Vicky Dennis went to the hospital with strange symptoms when she had COVID. Doctors found she had two undiagnosed, life-threatening diseases and needed a liver transplant to survive.
UmaSofia Srivastava resigned as Miss Teen USA on Wednesday, just two days after Noelia Voigt stepped down as Miss USA.
Livestreamer Kai Cenat will not be prosecuted in connection to the riot that broke out after he promoted a meet-and-greet and giveaway in Union Square last year.
The 2024 Met Gala saw hundreds of celebrities looking their best on fashion's biggest night.
The stars came out for the the 2024 Met Gala in New York City. See some of the most eye-catching outfits of the night.
'Bob Hearts Abishola', the acclaimed comedy, is signing off after its fifth season on CBS.
Jalen Brunson returned from a right foot injury to score 24 of his 29 points in the second half, leading the New York Knicks to a 130-121 victory over the Indiana Pacers for a 2-0 lead in the Eastern Conference semifinals.
Juan Soto homered and drove in five runs, Aaron Judge and Giancarlo Stanton also went deep and the New York Yankees beat the Houston Astros 9-4.
Vincent Trocheck scored a power-play goal off a rebound at 7:24 of the second overtime to give the New York Rangers a 4-3 win over the Carolina Hurricanes for a 2-0 lead in their second-round playoff series.
Brandon Nimmo hit a three-run homer to spark a six-run fifth inning, and the New York Mets rallied to beat the St. Louis Cardinals 7-5.
Alex Verdugo homered and tied a career high with four RBIs, powering the New York Yankees past Justin Verlander and the skidding Houston Astros 10-3.
Riverdale resident Leo Shliselberg says despite the hardships he's experienced in life, the best medicine is laughter.
A Brooklyn firefighter is hailed a hero after officials say he rescued a man out of a burning car in front of his family.
Millions of stamps designed by Brooklyn artist, Kim Parker, are decorating postage envelopes nationwide.
"Swans of Harlem" tells the story of five ballerinas in the early days of Dance Theatre of Harlem.
In light of budget cuts to New York City's public library systems, a Park Slope man decided to launch a fundraiser to support the Brooklyn Public Library.
The Francis Scott Key Bridge in Baltimore collapsed early Tuesday, March 26 after a column was struck by a container ship that reportedly lost power, sending vehicles and people into the Patapsco River.
The 50th Annual Village Halloween Parade drew massive crowds, celebrating the theme "Upside/Down:Inside/OUT."
As much of the northeast experiences heavy rains, parts of New York City are beginning to flood.
Thousands of people flooded Union Square on Friday for a PlayStation giveaway promoted by livestreamer Kai Cenat.
A crane went up in flames high above Manhattan, then partially collapsed onto the street below.
CBS New York's Lonnie Quinn has your First Alert Forecast for May 8 at 11 p.m.
Residents in Clinton Hill, Brooklyn are begging the city for more resources to help with the migrant crisis. Neighbors say crowds are creating noise and trash, and that the asylum seekers need an opportunity to make a living. CBS New York's Alecia Reid has the story.
Miss Teen USA has given up her crown just two days after Miss USA resigned. UmaSofia Srivastava, who represented New Jersey, said in part, "My personal values no longer fully align with the direction of the organization."
Faculty members at The New School have erected their own protest encampment. CBS New York's Ali Bauman spoke with teachers at the campus in Greenwich Village who say this is a first.
The NYPD has released additional photos of a person suspected of spray-painting graffiti on a World War I statue Monday night.