Looming debt ceiling crisis awaits Congress

A looming debt ceiling crisis threatens to upend the U.S. economy. Treasury Secretary Janet Yellen warned the U.S. will reach its debt limit Thursday and the Treasury Department will begin implementing extraordinary measures to delay a possible default on the nation's debt until June if Congress doesn't take action. CBS News congressional correspondent Nikole Killion joined Errol Barnett and Lana Zak to discuss that and the growing controversy surrounding some House Republicans' committee assignments.

• Jan 18, 2023
• 06:38

What does the debt ceiling mean for you?

The U.S. is expected to hit the debt ceiling on Thursday and trigger some emergency measures to avoid the risk of default. CBS News' Anne-Marie Green takes a look at how this may impact your finances.

• Jan 18, 2023
• 02:40

Questions for White House on Biden documents

CBS News senior White House correspondent Weijia Jiang and CBS News congressional correspondent Scott MacFarlane join "Red and Blue" with the latest on the response to classified documents found at President Biden's home and former office, as well as concerns about the economy as the U.S. is set to hit the federal debt limit.

• Jan 17, 2023
• 09:37

U.S. to reach debt limit on Thursday

The U.S. is expected to hit its debt borrowing limit in a couple of days. CBS News political director Fin Gomez covers has more on that and how the 2024 Republican presidential primary is shaping up.

• Jan 17, 2023
• 04:59

White House won't negotiate over debt ceiling

The White House has said it won't negotiate with Republican House Speaker Kevin McCarthy over raising the nation's debt ceiling as Treasury Secretary Janet Yellen warns the government is about to hit its debt limit. CBS News chief White House correspondent Nancy Cordes joined Errol Barnett and Lana Zak to discuss that and the latest on the controversy surrounding the discovery of documents marked classified at President Biden's Delaware home and former office.

• Jan 17, 2023
• 05:25

U.S. to hit debt limit Thursday

Treasury Secretary Janet Yellen says the U.S. will hit its debt limit of $31.4 trillion Thursday. CBS News congressional correspondent Scott MacFarlane joins the show to discuss what's being said on Capitol Hill about the looming debt ceiling crisis.

• Jan 17, 2023

Former treasury secretary on debt limit

The U.S. is likely to hit the debt limit on January 19, according to Treasury Secretary Janet Yellen, setting up a likely debate in Congress on how to avoid a potential default. Jack Lew, a former treasury secretary who served during President Obama's second term, joined John Dickerson on "Prime Time" to discuss.

• Jan 16, 2023
• 10:23

Congress faces looming federal deb limit

As the U.S. nears its debt limit, House Republicans are calling for negotiations and federal spending caps. CBS News congressional correspondent Scott MacFarlane joined "Red and Blue" to discuss lawmakers' economic options, as well as the latest on the investigations into New York Rep. George Santos.

• Jan 16, 2023
• 06:23

U.S. expected to hit debt limit this week

Treasury Secretary Janet Yellen warned that the country is on track to reach the debt limit, or the cap on how much money the federal government can borrow. CBS News congressional correspondent Scott MacFarlane joined Anne-Marie Green and Vladimir Duthiers to discuss the potential debt crisis and how Congress might respond.

• Jan 16, 2023
• 04:34

Yellen warns U.S. to hit debt limit

Treasury Secretary Janet Yellen has told congressional lawmakers the U.S. is likely to reach its debt limit next Thursday, Jan. 19. Javier David, managing editor of business and markets at Axios, and a CBS News contributor, discussed what the implications could be if that happens, and what tools are available to delay a potential default.

• Jan 13, 2023
• 03:12

Yellen warns Congress U.S. is projected to hit debt limit on Jan. 19

Without congressional action, the U.S. could default as soon as June, she wrote in a letter Friday.

• Jan 13, 2023

U.S. expected to hit debt ceiling next week

U.S. Treasury Secretary Janet Yellen told Congress on Friday that she expects the country to hit the debt ceiling next Thursday. The government will then resort to "extraordinary measures" to avoid default. Gregory Daco, chief economist at EY-Parthenon, joined CBS News to discuss that and other financial news.

• Jan 13, 2023
• 03:42

House passes GOP rules package under McCarthy

The House passed a new rules package in the first key test for Speaker Kevin McCarthy. CBS News congressional correspondent Scott MacFarlane joins John Dickerson on "Prime Time" to discuss.

• Jan 9, 2023
• 04:29

12/14: Red and Blue

Senate votes to increase debt limit; Congressional moment of silence for 800,000 COVID-19 deaths

• Dec 14, 2021
• 46:02

12/16: Red and Blue

President Biden signs bill to raise debt ceiling; New effort to remove lead water pipes

• Dec 16, 2021
• 52:51

10/12: Red and Blue

House voting on debt ceiling extension; Texas' new legislative map protects the GOP

• Oct 12, 2021
• 45:13

10/7: Red and Blue

Democrats accept GOP deal on debt ceiling; Democrat governors act to preserve democracy

• Oct 7, 2021
• 53:54

9/28: Red and Blue

Congress faces countdown to shutdown; Obamas break ground on new presidential center

• Sep 28, 2021
• 51:27

10/6: Red and Blue

Debt ceiling debate nears final resolution; Will Bill de Blasio run for New York governor?

• Oct 6, 2021
• 55:09

Powell and Yellen testify on inflation, debt ceiling

Federal Reserve Chair Jerome Powell and Treasury Secretary Janet Yellen testified before the Senate banking committee Tuesday. They addressed top economic concerns including rising inflation and the approaching deadline to raise the debt ceiling. CBS News reporter Sarah Ewall-Wice joins CBSN's "Red & Blue" with more.

• Nov 30, 2021
• 06:50

Trump deal with Schumer, Pelosi

President Trump sided with Democratic leaders on Wednesday on the debt ceiling, government funding, and Harvey relief. McClatchy White House correspondent Franco Ordoñez joined "Red and Blue" to break down what this means for Republicans in the long term.

• Sep 6, 2017
• 05:11

Biden visits Michigan to sell domestic agenda

President Biden is trying to shift the focus away from the price tag for his domestic agenda and on to what the bills actually seek to do for the American people. Speaking at a trade union training facility in Howell, Mr. Biden said that to oppose the investments in infrastructure and social programs "is to be complicit in America's decline." Reuters White House correspondent Nandita Bose, The Washington Post's national correspondent Philip Bump and Politico's congressional reporter Nicholas Wu join CBSN's "Red & Blue" anchor Elaine Quijano with the latest on Secretary of State Antony Blinken's visit to France, the dilemma facing Republican presidential hopefuls and more.

• Oct 5, 2021
• 15:59

Congress temporarily avoids debt default

Senate leaders reached a deal to raise the debt ceiling through December 3, preventing the government from defaulting on its debts. CBS News chief White House correspondent Nancy Cordes, co-author of Politico Playbook Tara Palmeri and National Journal's "Against the Grain" columnist Josh Kraushaar join "Red and Blue" anchor Elaine Quijano with the details and the latest on President Biden's visit to Illinois.

• Oct 7, 2021
• 16:25

America's debt ceiling dilemma

Senate Majority Leader Chuck Schumer is considering an offer from Minority Leader Mitch McConnell as the debt ceiling dilemma continues. Ed O'Keefe reports from the White House.

• Oct 7, 2021
• 02:20

Senator Pat Toomey on raising debt ceiling

Senator Pat Toomey, R-Pennsylvania, joins "CBS Mornings" to discuss why Republicans won't support helping Democrats raise the debt ceiling.

• Sep 30, 2021
• 04:58

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