Rep. Dusty Johnson on "The Takeout"
South Dakota Congressman Dusty Johnson joins Major Garrett for this week's episode of "The Takeout" to discuss the negotiations over raising the debt ceiling and why he's not in favor of banning assault weapons.
Debt Ceiling
Trump spending law deficit concerns
A new Congressional Budget Office report projects President Trump's tax and spending law will add more than $3 trillion to the federal deficit over the next decade. Marc Goldwein, senior vice president and senior policy director for the Committee for a Responsible Federal Budget, joins "The Daily Report" with more.
How Senate GOP could change Trump budget bill
Senate Republicans will begin rewriting the House budget bill, which contains President Trump's economic agenda, this week. Former GOP Rep. Kevin Brady of Texas joins "The Takeout" to describe what it was like when that happened to him in 2017.
How the national debt reached $36.2 trillion
The national debt stands at about $36.2 trillion, and economists are concerned aboutthe growing deficit's impact. Here's what to know.
Stock futures fall after Moody's downgrades U.S. credit rating
Stock futures slide as investors absorb news of Moody's U.S. credit downgrade.
5/28: The Takeout: Rep. Brendan Boyle
House Budget Committee member Rep. Brendan Boyle sits down with Major Garrett on "The Takeout." The Democratic congressman from Pennsylvania recalls the 2011 debt negotiation drama, when the U.S. suffered a credit downgrade and increased borrowing costs. Now, Boyle lays out the stakes as lawmakers face a similar threat of default: "Here we are again, flirting with disaster."
6/4: The Takeout: Louisiana Sen. Bill Cassidy
Louisiana Sen. Bill Cassidy joins Major Garrett for this week's episode of "The Takeout" to discuss the debt ceiling negotiations on Capitol Hill, social security and healthcare spending, plus a discussion on governments' use of artificial intelligence, and the upcoming 2024 presidential election
Janet Yellen tells Congress that U.S. could hit debt limit in mid-January
Treasury Secretary Janet Yellen said her agency will need to start taking "extraordinary measures" or special accounting maneuvers intended to prevent the nation from hitting the debt ceiling by mid-January.
How the House passed a last-minute funding bill
The House has passed a short-term funding bill to avert a government shutdown. After two versions of a continuing resolution fell apart earlier this week, House Republicans agreed to introduce a bill to fund the government through March, extend the Farm Bill and provide $110 billion in disaster aid. CBS News congressional correspondent Nikole Killion reports.
Jeffries on House passage of funding deal
Hours before the government was set to shut down Friday, the House approved a short-term funding deal to keep the lights on over the holiday. House Minority Leader Hakeem Jeffries called the bill's passage "a victory for the American people." Juliegrace Brufke, senior political reporter for The Daily Beast, and Scott MacFarlane, CBS News congressional correspondent, join to discuss.
House begins debate on new funding bill
The House is expected to vote Friday evening on a deal to fund the government and avert a shutdown over the holidays. An earlier version of the bill failed in a Thursday vote. CBS News' Nikole Killion and Caitlin Huey-Burns have the latest.
Manchin predicts Senate will go along with House on shutdown negotiations
West Virginia Sen. Joe Manchin told "Face the Nation with Margaret Brennan" he expects the tense negotiations on funding the government will end without a shutdown.
Trump wants debt ceiling raised or scrapped
President-elect Donald Trump is calling on Republicans to either raise or abolish the debt ceiling in a new spending bill to keep the government funded. CBS News political correspondent Caitlin Huey-Burns has more.
Congress wraps up 2023 without achieving much
2023 in Washington, D.C., can be summarized just as much by what didn't happen -- as by what did. CBS News senior White House and political correspondent Ed O'Keefe joins "America Decides" to recap Capitol Hill's year of chaos and inaction and to preview lawmakers' busy January schedule.
Top budget puzzles facing the nation
The first big test for the new speaker of the House will be negotiating government funding, which runs out in November. Alan Auerbach, economics professor at the University of California, Berkeley, joins CBS News to discuss the debates that need to happen to shrink the deficit.
House lawmakers continue spending talks
On Capitol Hill Tuesday, House Democrats are meeting after sending a letter to Speaker Kevin McCarthy outlining their response to the short-term spending proposal brought forward by some Republicans Monday. CBS News congressional correspondent Nikole Killion has more.
White House blames GOP for credit downgrade
Fitch Ratings downgraded the U.S. government's top credit rating on Tuesday. The White House in a statement said they disagreed with the decision and blamed Republicans, who they say were "cheerleading default." CBS News senior White House correspondent Weijia Jiang reports.
Here's what the Fed's interest rate pause means for your money
After 10 straight interest-rate hikes, borrowers face sharply higher costs for credit cards, mortgages and other loans.
What's next for Congress after debt standoff?
With President Biden signing the debt ceiling bill over the weekend, some House Republicans who did not vote for it have voiced their discontent with Speaker Kevin McCarthy and the future of his role. CBS News congressional correspondent Nikole Killion reports from Capitol Hill.
McCarthy faces GOP criticism for debt deal
House Speaker Kevin McCarthy is lauding the debt ceiling deal he negotiated with President Biden and others to avert a potentially catastrophic default, but some far-right members of his party have different opinions. CBS News congressional correspondent Scott MacFarlane has more.
Mild recession possible as job numbers stay hot
The U.S. averted disaster by raising the debt ceiling, but a mild recession is still possible even as job numbers remain hot, according to the head of Bank of America. Mark Strassmann breaks down how the U.S. economy is doing.
Robert Rubin condemns threats to default on U.S. gov't debt
The United States avoided default this week when the House passed a bill to raise the debt ceiling. But Robert Rubin, who served as treasury secretary in the Clinton administration, says the political fight that jeopardized the government's ability to pay its bills threatened severe economic harm, and that any future fights over the debt ceiling are risky and irresponsible.
"Not good" to fight over debt limit
Bank of America CEO Brian Moynihan joined “Face the Nation” to discuss the economy after the nation averted a debt crisis.
Manchin: "Everything's on the table" for him
West Virginia Democratic Sen. Joe Manchin joined “Face the Nation” to discuss his plans for the future in addition to the bipartisan deal to cut federal spending and suspend the nation's debt ceiling, averting a crisis.
GOP rep. won't rule out government shutdown
President Biden signed a bipartisan deal to cut federal spending and suspend the nation's debt ceiling just hours before what could have been a catastrophic default. Republican Congressman Garret Graves, who led GOP negotiators during the debate over raising the debt ceiling, joined “Face the Nation” from Baton Rouge, Louisiana, to discuss what’s next for the country.
Jane Doe's account of what happened at Cornell fraternity house
More details emerge about FlyDubai co-pilot who tried to crash plane
Judge blocks Trump's firing of top federal prosecutor in Seattle
Christa Pike's attorneys: Botched execution was "torturous" and "predictable"
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Trump says Iran "ready to fold up"
Cornell Title IX investigation docs reveal new details on rape investigation
Amber Guyger granted parole after serving 7 years for murder of Botham Jean
"Mayday" EP on FlyDubai passenger saying show helped him during attack
