U.S. could hit the debt ceiling on October 18, Janet Yellen says
The country could go into default for its first time in history.
Watch CBS News
The country could go into default for its first time in history.
The clock is ticking as lawmakers on Capitol Hill scramble to avoid a government shutdown later this week and prevent the U.S. from defaulting on its debt next month. On Monday, Republican senators blocked a bill to suspend the debt ceiling and keep the government operating past Thursday. CBS News congressional correspondent Kris Van Cleave joined CBSN's Tanya Rivero to discuss the latest.
The U.S. appears to be on the brink of a major fiscal crisis and potential government shutdown as lawmakers scramble to pass key legislation. Senate Republicans blocked a bill that would've kept federal agencies funded through early December and raise the national debt limit, and moderate and progressive Democrats are clashing over President Biden's agenda. CBS News congressional correspondent Kris Van Cleave and CBS News chief White House correspondent Nancy Cordes joined CBSN with the latest developments.
Senate Republicans on Monday evening blocked a bill that would temporarily prevent the federal government from shutting down and allow the United States to continue paying its debts. CBS News congressional correspondent Nikole Killion joins CBS News' Ed O'Keefe to discuss the next moves in trying to prevent a government shutdown, and where negotiations on two major infrastructure bills stand.
Congress has until Friday to pass a temporary bill known as a continuing resolution to fund the government and avoid defaulting on the United States' debt. Partnership for Public Service President and CEO Max Stier says the nation should do away with the dysfunctional process of funding the government through short-term spending bills, and explains how the mere threat of a government shutdown harms federal workers.
The president acknowledged deeply divided congressional Democrats are "getting down to the hard spot" in negotiations over passage of his massive social spending plan.
As budget battles and the conversation over police reform continue, Margaret Brennan sits down with key negotiator Senator Tim Scott for an update.
The South Carolina Republican senator, the top Republican negotiator on police reform, blamed the collapse of the talks on Democrats' "defunding the police" agenda.
The South Carolina Republican senator spoke with "Face the Nation" moderator Margaret Brennan about the collapse of police reform negotiations in Congress.
Legislation that determines spending and revenue has already been approved, while raising the debt ceiling is about paying those bills.
Time is running out for Congress to pass a funding bill to prevent the federal government from shutting down. CBS News congressional correspondent Nikole Killion joins CBSN anchor Lana Zak to discuss what's preventing lawmakers from reaching an agreement and what could happen if they don't.
The Biden administration's special envoy to Haiti resigned following the expulsions of Haitian migrants to their home country. Thousands of migrants have been camping under a bridge on the southern border in Texas for several days, and the White House now says horses will no longer be used at the Del Rio border after video footage showed agents aggressively dispersing Haitians. Congressman Andy Levin, a Democrat from Michigan, joined CBSN's Tanya Rivero to discuss that and efforts to raise the U.S. debt ceiling and keep the federal government from shutting down.
Senate Republican leader Mitch McConnell continues to hold out against raising the federal debt ceiling, and experts warn the failure to do so could result in economic catastrophe. CBS News congressional correspondent Nikole Killion and Washington Post White House economics reporter Jeff Stein joined Vladimir Duthiers on CBSN to discuss the Senate stand-off.
The Senate is deadlocked in the debate over raising the debt ceiling. If the limit is not raised, the country risks going into default on its debt. Lawmakers on both sides agree the ceiling needs to be raised, and experts warn if it isn't, it could be catastrophic for the U.S. economy. CBS News reporter Sarah Ewall-Wice joins CBSN's Lana Zak to discuss what's at stake.
Democrats are working to pass President Biden's infrastructure bill and stopgap funding to keep the government running. CBS News political contributor and Democratic strategist Joel Payne joins CBSN's Tanya Rivero with more on the legislative fight.
The former White House chief of staff for Bill Clinton and counselor to Barack Obama sent a note to every Democratic congressional office.
The U.S. House of Representatives passed a short-term government funding and debt limit increase bill Tuesday night with zero Republican support. The bill now heads to the Senate where Republicans have vowed to oppose it. CBS News congressional correspondent Nikole Killion joins CBSN AM to discuss.
Failure by lawmakers to raise the government's borrowing limit would throw economy into reverse, economist warns.
The short-term budget passed by the House on Tuesday that would keep the government running and avoid default will fail in the Senate without Republican support.
The short-term continuing resolution was passed in a party-line vote of 220 to 211. It sets up a possible showdown with Republicans.
If the U.S. government cannot pay its bills, millions of Americans, including Social Security recipients and veterans, could be affected.
In his first address to the U.N. General Assembly, President Biden said the U.S. is shifting its focus to global issues like climate change and cyber threats. CBS News' Michael George joins CBSN's "Red & Blue" anchor Elaine Quijano with the details. Then Axios' congressional reporter Alayna Treene and the Boston Globe's Washington bureau chief Liz Goodwin discuss the debt ceiling standoff and former President Trump's upcoming rally in Georgia.
Congressional Democrats are pushing to raise the national debt ceiling before the government funding runs out at the end of the month. But Republicans say they will not support stopgap funding legislation. CBS News congressional correspondent Nikole Killion joins CBSN with the latest.
Senate Minority Leader Mitch McConnell held strong Monday on his assertion that Republicans will not help Democrats address the debt ceiling.
President Joe Biden will address the United Nations General Assembly in New York City on Tuesday for the first time since taking office. It follows the difficult withdrawal from Afghanistan and criticism from NATO allies. CBS News senior White House and political correspondent Ed O'Keefe, Politico White House correspondent Natasha Korecki and Insider political reporter Oma Seddiq join CBSN's "Red & Blue" anchor Elaine Quijano with more on that, plus the latest on COVID vaccine efforts and a looming deadline to keep the U.S. government funded.
President Trump said that the U.S. military had conducted "one of the most power bombing raids" on Iran's Kharg Island, a vital oil hub for the country.
A federal judge has quashed a pair of grand jury subpoenas sent to the Federal Reserve Board as part of a criminal probe by U.S. Attorney Jeanine Pirro's office.
Matt Floca will be the new CEO and executive director of the Kennedy Center, President Trump announced.
The stolen gun used in the Old Dominion University was sold this week to the shooter for $100, according to a federal law enforcement affidavit.
The U.S. military has confirmed that all six crew members were killed when an American KC-135 refueling plane taking part in the Iran war crashed in western Iraq.
Jan Carey was facing two misdemeanor criminal counts in Washington, D.C., federal court.
Nine defendants were on trial on charges related to the July 4 attack on the Prairieland ICE detention center in North Texas.
The attacker rammed a vehicle into Temple Israel in West Bloomfield and opened fire, but he was the only one killed, law enforcement officials said.
The Trump administration's Medicare boss reacts to CBS News investigation into California's hospice fraud problems.
Clinton, New Jersey, is known primarily for its old grist mill, its quaint downtown, and its historic resident, "Dave the Rave."
Jan Carey was facing two misdemeanor criminal counts in Washington, D.C., federal court.
The Trump administration's Medicare boss reacts to CBS News investigation into California's hospice fraud problems.
The stolen gun used in the Old Dominion University was sold this week to the shooter for $100, according to a federal law enforcement affidavit.
Matt Floca will be the new CEO and executive director of the Kennedy Center, President Trump announced.
U.S. gas prices are surging as the Iran war drives up the global cost of oil. But what exactly accounts for what you pay at the pump?
Planning a trip? Travel experts recommend booking your flight soon as the Iran war drives up airline and ticket costs.
Two Democratic lawmakers are proposing tax reforms that would eliminate federal income taxes for millions of Americans.
Parts defect affecting Highlander and Highlander Hybrid vehicles can increase the risk of injury, according to a safety notice. Here's what to know.
GDP grew at a sluggish 0.7% pace in the final months of 2025 as the government shutdown hurt economic activity.
Jan Carey was facing two misdemeanor criminal counts in Washington, D.C., federal court.
Matt Floca will be the new CEO and executive director of the Kennedy Center, President Trump announced.
A security detail has been requested from the federal health department's inspector general for top federal housing official Bill Pulte.
Richard Kahn, who worked closely with Epstein for more than a decade, testified before the Oversight Committee on Wednesday.
The Kennedy Center is set to close for two years on July 4.
The Trump administration's Medicare boss reacts to CBS News investigation into California's hospice fraud problems.
Even people with six-figure incomes are making financial sacrifices to pay for medical care, a new study finds.
Crystalline silica, which is released into the air when workers cut and polish engineered stone for kitchen countertops, can scar human lungs beyond repair.
Last summer, the Trump administration announced a voluntary pledge by health insurers to reform prior authorization, but patient advocates and medical providers remain skeptical.
A CBS News analysis of records for every hospice operating in Los Angeles County finds indications of fraud are growing.
The latest release of oil follows historic withdrawals from the Biden administration to combat gas prices from the Ukraine war.
Notorious Latin American narco trafficker Sebastian Marset, who eluded police for years, was handed over to U.S. authorities after his arrest Friday in Bolivia.
The head of an advocacy group said 21 people were facing charges under the UAE's cybercrime laws as of Thursday, including a 60-year-old British tourist.
Suspected Iranian cyber and drone attacks are already impacting U.S. tech companies, and Iran says a list of American firms are now on its target list.
Senate Democrats have filed legislation hat would keep the U.S. from attacking Cuba without congressional approval as they seek to force a vote on President Trump's stated goal of a "takeover" of the Caribbean country.
The 98th Academy Awards Sunday will feature a battle of vampires versus revolutionaries as the films "Sinners" and "One Battle After Another" compete for many of the show's top prizes. Nigel Smith, senior movies editor for People, joins "The Daily Report" to discuss.
Bill Nye the Science Guy sits down with CBS News chief Washington correspondent Major Garrett to talk about his life and career.
Austin Mayor Kirk Watson joins CBS News 24/7 Mornings with the latest details on preparations for SXSW 2026.
The 98th annual Academy Awards will be held on Sunday. With 10 films nominated for the night's biggest honor, best picture, an expert says there are only two major contenders. Entertainment Tonight's Nischelle Turner previews Hollywood's big night.
Grammy-winning artist James Blake speaks about making his first solo album as an independent artist. He talks to Anthony Mason about why he decided to leave his record label, what it's like to work with some of the world's biggest musicians and the passion behind his music.
A community in Alabama is pushing back against a solar farm that would power an artificial intelligence data center in the state. CBS News reporter Kati Weis has more.
Jury deliberations are underway in a landmark social media trial about addiction claims. CBS News correspondent Carter Evans has the details.
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
For one week, three New Jersey high schoolers agreed not to take their phones to bed, and to try different tools to reduce screen time.
The Trump administration has blacklisted AI giant Anthropic, labeling it a supply chain risk. The company has sued in response. New York Times tech reporter Sheera Frenkel joins CBS News to break down the feud.
A new study in the journal Nature says most sea level rise research may have underestimated coastal water heights by an average of 1 foot.
NASA Administrator Jared Isaacman announced significant changes to the agency's Artemis program, which aims to land on the moon in 2028.
Documents might help scientists shed light on unexplained phenomena and government secrets, experts said.
A large shark was caught on camera for the first time in Antarctica's waters, surprising researchers. "There's a general rule of thumb that you don't get sharks in Antarctica," one said.
On the evening of Christmas 1776, Gen. George Washington surprised the King's forces by leading the Continental Army in a surprise crossing of a near-frozen Delaware River - a watershed military maneuver that dramatized a changing America, and a changing climate.
The suspect in the Michigan synagogue attack died from a self-inflicted gunshot wound, the FBI said at a news conference on Friday. CBS News correspondent Ash-har Quraishi has the latest.
Officials in Michigan gave an update about Thursday's synagogue car ramming attack that the FBI is investigating as a "targeted act of violence against the Jewish community." CBS News national security contributor Sam Vinograd has more.
The U.S. is on high alert after two separate domestic attacks on Thursday: A shooting at Old Dominion University, and a car ramming at a Michigan synagogue. CBS News justice correspondent Scott MacFarlane has the latest details on the incidents.
CBS News has learned that the man who attacked a Michigan synagogue on Thursday purchased $2,000 worth of fireworks days before the incident. CBS News' Anna Schecter has more.
Ayman Mohamad Ghazali made two purchases at a Phantom Fireworks store in Livonia, Michigan. He told the store staff the fireworks were for the end of Ramadan.
Bill Nye the Science Guy sits down with CBS News chief Washington correspondent Major Garrett to talk about his life and career.
NASA's huge Space Launch System rocket has been repaired and is ready for rollout back to the launch pad next week.
Nearly 14 years after it was launched in 2012, NASA says a 1,300-pound satellite is expected to come crashing back to Earth on Wednesday. Most of it will burn up as it reenters the atmosphere, but NASA warns some debris could survive reentry.
The Van Allen probe's mission was meant to last two years, but ended up going for nearly seven.
NASA has announced a major overhaul of its Artemis moon program amid ongoing safety concerns. CBS News space consultant Bill Harwood has more details.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Then-President Richard Nixon addressed the nation from the Oval Office during the 1973 energy crisis. Fueled by the Yom Kippur War, members of the Organization of the Petroleum Exporting Countries in the Middle East banned the sale of oil to the U.S. and other countries, sharply raising gas prices for Americans as they faced their first fuel shortage since WWII.
On Nov. 29, 1973, CBS News aired a special report titled "Making It Through This Winter," spotlighting the ways Americans were making do amid the oil crisis. Watch the program in full.
A community in Alabama is pushing back against a solar farm that would power an artificial intelligence data center in the state. CBS News reporter Kati Weis has more.
Clergy members at a Detroit-area synagogue are grateful no one was seriously hurt after an armed man rammed his car full of explosives into their building. But the community is now grappling with an endless amount of emotional wounds. Jonah Kaplan has the latest.
Rideshare company Lyft will ensure the rights of passengers with service animals under a settlement announced this week. This comes after a Minnesota woman who is blind reported that multiple drivers refused to let her service dog in their cars.