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.
The U.S. and Canada have wrangled for decades over trade, and somehow, they still managed to remain friends, allies and trading partners.
U.S. Army Secretary Dan Driscoll is considering stepping down from his post by the end of the year, two people familiar with the matter told CBS News Saturday.
Two human records were smashed by robots competing in the Olympics-like World Humanoid Robot Games in China.
The new head of Iran's supreme national security council issued the warning to countries who join the U.S.'s economic war on Tehran.
The decision comes after both prosecutors and Anthony's new defense team revealed more details in a tense two-day hearing.
Hawaii is still cleaning up from Hurricane Lala, which dumped massive amounts of rain on the islands.
After Ukraine's fired defense minister publicly called for wartime elections, Zelenskyy said it would risk splitting the country.
Several days of powerful storms walloped northwest Indiana, killing at least seven people and displacing about 1,000. The storms brought record rainfall that flooded several communities.
Olympian Jenny Simpson said she won't be able to run again after being diagnosed with a rare heart condition earlier this year.
U.S. Army Secretary Dan Driscoll is considering stepping down from his post by the end of the year, two people familiar with the matter told CBS News Saturday.
A trail of clues — including an oil leak, security video and data from a truck's onboard computer — lead S.C. investigators to a jealous man suspected of running down a romantic rival.
Several days of powerful storms walloped northwest Indiana, killing at least seven people and displacing about 1,000. The storms brought record rainfall that flooded several communities.
Hawaii is still cleaning up from Hurricane Lala, which dumped massive amounts of rain on the islands.
The Buffalo Bills expressed their condolences to defensive tackle Ed Oliver on the death of his 2-year-old son.
The U.S. and Canada have wrangled for decades over trade, and somehow, they still managed to remain friends, allies and trading partners.
Walmart will let shoppers use tap-to-pay methods, including Apple Pay and Google Pay, beginning later this month.
The Justice Department sued TikTok in 2024, alleging that it violated a U.S. law prohibiting the collection of kids' data.
Cash drop social media accounts have people racing to find money hidden across the country. Here's what's behind the viral videos.
Consumer advocates are urging the FTC to examine whether AI developers are hurting competition and reducing public access to source material.
U.S. Army Secretary Dan Driscoll is considering stepping down from his post by the end of the year, two people familiar with the matter told CBS News Saturday.
Former U.S. Sen. Nancy Kassebaum Baker of Kansas was the first woman elected to the U.S. Senate without following a spouse into office.
The U.S. and Canada have wrangled for decades over trade, and somehow, they still managed to remain friends, allies and trading partners.
The Central African Republic is one of more than 30 countries the U.S. government has convinced to accept third-country deportees arrested as part of President Trump's large-scale crackdown on illegal immigration.
President Trump's legal team is threatening to sue left-leaning think tank Center for American Progress for defamation over a report it issued that found "no evidence that National Guard deployments have reduced violent crime."
Retired Olympic runner Jenny Simpson earned a slew of accolades for her performances in three Olympic Games — but two months ago, she nearly died after suffering a cardiac event. Simpson spoke with Errol Barnett about her diagnosis of arrhythmogenic right ventricular cardiomyopathy, the rare ailment she'd unknowingly carried for four decades.
Alayna Riozzi-Bodine was diagnosed with Hodgkin's lymphoma the summer before her senior year of high school.
An outbreak of E. coli and salmonella that has sickened dozens of people across 15 states has been linked to an alfalfa grower in Minnesota, federal health officials said Friday.
Olympian Jenny Simpson said she won't be able to run again after being diagnosed with a rare heart condition earlier this year.
As the trial of Lindsay Clancy brings renewed attention to postpartum psychosis, Haley Ashcom shares her experience with the dangerous condition.
After Ukraine's fired defense minister publicly called for wartime elections, Zelenskyy said it would risk splitting the country.
Two human records were smashed by robots competing in the Olympics-like World Humanoid Robot Games in China.
The wildfires burning across Europe this summer have revealed World War I and II ordnance lurking beneath the blackened landscape.
The attacks come a day after a two-wave drone strike on a shopping mall in Zelenskyy's hometown killed 16 people.
The Central African Republic is one of more than 30 countries the U.S. government has convinced to accept third-country deportees arrested as part of President Trump's large-scale crackdown on illegal immigration.
U.S.-Canada tariff deal falls through, NYC cracks down on wage theft, plus Grace Potter is back. All this and more on "CBS Saturday Morning."
Four-time Grammy nominee Grace Potter returns to "CBS Saturday Morning" to jam out. Her seventh album, "Trespasser," is inspired by road trips from her California home to her native Vermont. Here's Grace Potter with "Run Baby Run."
Four-time Grammy nominee Grace Potter returns to "CBS Saturday Morning" to jam out. Her seventh album, "Trespasser," is inspired by road trips from her California home to her native Vermont. Here's Grace Potter with "Main Street USA."
Four-time Grammy nominee Grace Potter returns to "CBS Saturday Morning" to jam out. Her seventh album, "Trespasser," is inspired by road trips from her California home to her native Vermont. Here's Grace Potter with "Love Me Not."
Iconic film props and other movie memorabilia from classic Hollywood flicks are up for auction. Kris Van Cleave has more.
Lawmakers and lobbyists are now using artificial intelligence to draft bills, but it turns out AI is currently terrible at the technicalities of federal law and regulations. Politico Congress tech reporter Owen Dahlkamp joins to discuss his recent article on the topic.
Walmart will let shoppers use tap-to-pay methods, including Apple Pay and Google Pay, beginning later this month.
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.
The Justice Department sued TikTok in 2024, alleging that it violated a U.S. law prohibiting the collection of kids' data.
Consumer advocates are urging the FTC to examine whether AI developers are hurting competition and reducing public access to source material.
The Great Smoky Mountains National Park told visitors Tuesday that invasive Joro spiders "may be hanging in a web near you."
July was the hottest month ever in the Lower 48 States – another escalation of our world into a hotter, more dangerous planet, where extreme weather events – such as heat waves, wildfires and hurricanes – will become more common and more extreme.
July was the hottest month ever in the Lower 48 States, breaking a record last set during the Dust Bowl – just another step in the escalation of our world into a hotter, more dangerous planet. Correspondent Jonathan Vigliotti talks with climate journalist Jeff Goodell and atmospheric scientist Maria Molina about how changes in Earth's climate are increasing the likelihood that extreme weather events – such as heat waves, wildfires and hurricanes – will become more common and more extreme.
A total solar eclipse was visible in parts of Europe for the first time since 1912. Rob Marciano reports.
A total solar eclipse turned day into night across a slice of Europe and North America on Wednesday, and put millions in unique contact with the heavens above. Meteorologist Rob Marciano reports from Spain.
A trail of clues — including an oil leak, security video and data from a truck's onboard computer — lead S.C. investigators to a jealous man suspected of running down a romantic rival.
A Houston Uber driver found himself involved in police activity after two officers jumped into his vehicle in pursuit of a suspect. Lana Zak has the story.
Karmelo Anthony's murder conviction and 35-year prison sentence are staying in place after a Texas judge denied his request for a new trial.
A landmark trial which accuses tech giant Meta of harming children through addictive social media products is underway in Oakland. Kenny Choi has the details.
The Economic Policy Institute estimates that workers lose more than $50 billion a year to wage theft. New York City is cracking down on the crime and other abuses of low-income workers.
President Trump plans to award the Congressional Space Medal of Honor to the crew of NASA's Artemis II mission in a ceremony Aug. 28.
The mission to save NASA's sinking space telescope has been called off, dooming the telescope to a fiery reentry later this year.
A NASA spacecraft circling the moon is providing the sharpest views yet of the crater carved by a crashing SpaceX rocket.
The newly discovered object looks like a star the size of our solar system, but produces 100 billion times more energy than any star.
The only total solar eclipse of 2026 crossed the Northern Hemisphere Wednesday, with a path of totality across parts of Greenland, Iceland and northern Spain. See photos and video from the best viewing locations.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Sylvie Cachay was found dead in an overflowing bathtub at the exclusive Soho House in New York City on Dec. 9, 2010. A water leak at the hotel gave away a timeline that may have revealed her killer.
Summer is the time to enjoy live music, indoors and out. Scroll through our gallery of some of 2026's leading musical acts, featuring images by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
A romance is cut short when a man is found dead near his mangled car. His newfound love is convinced it was no accident. "48 Hours" correspondent Anne-Marie Green reports.
Brian Unger tells the story of a Georgia retiree who built a second career crafting tables for families in need.
A new $7.5 billion border wall construction project in Big Bend, Texas, is drawing bipartisan outrage in the community. Nicole Sganga has more.
A Houston Uber driver found himself involved in police activity after two officers jumped into his vehicle in pursuit of a suspect. Lana Zak has the story.
Karmelo Anthony's murder conviction and 35-year prison sentence are staying in place after a Texas judge denied his request for a new trial.