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.
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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.
Democrats are investigating clemency recipients who may have obtained favorable treatment from Trump or his advisers.
As President Trump again voices optimism that Iran will "make a deal" to end the war, Tehran declares itself the regulator of Strait of Hormuz shipping.
A CBS News visual investigation is revealing new details of an alleged assassination attempt on President Trump at this year's White House Correspondents' Dinner.
American passengers who left the MV Hondius cruise ship in April are being monitored for hantavirus in at least five states, health officials said.
The acting attorney general is touting the administration's stepped-up denaturalization efforts.
The storms collapsed hundreds of homes, downed trees and knocked out power lines in multiple counties, officials said.
Secretary of State Marco Rubio and Pope Leo XIV met Thursday at the Vatican to discuss the situation in the Middle East and other matters.
Since his second term started, President Trump has introduced a flurry of initiatives aimed at taming the excesses of the pharmaceutical industry.
Mexican street corn-inspired trail mix made by Illinois food company was sold at Target and other retailers, as well as online.
Meenu Batra exclusively spoke to CBS News about being detained by ICE, saying she was living and working legally in the U.S. when she was arrested.
A CBS News visual investigation is revealing new details of an alleged assassination attempt on President Trump at this year's White House Correspondents' Dinner.
White House press secretary Karoline Leavitt announced the birth of her baby girl, Viviana, or "Vivi" for short.
Mexican street corn-inspired trail mix made by Illinois food company was sold at Target and other retailers, as well as online.
The storms collapsed hundreds of homes, downed trees and knocked out power lines in multiple counties, officials said.
Mexican street corn-inspired trail mix made by Illinois food company was sold at Target and other retailers, as well as online.
The new TrumpRx program relies partly on connecting consumers with discount coupons offered by drugmakers. For insured patients, though, using a coupon can prove dicey.
Since his second term started, President Trump has introduced a flurry of initiatives aimed at taming the excesses of the pharmaceutical industry.
Americans on tight budgets are getting hit especially hard by surging fuel costs, forcing some to make hard choices.
A proposed $250 million settlement would compensate millions of consumers who bought the iPhone 16, iPhone 15 Pro or iPhone 15 Pro Max.
A CBS News visual investigation is revealing new details of an alleged assassination attempt on President Trump at this year's White House Correspondents' Dinner.
White House press secretary Karoline Leavitt announced the birth of her baby girl, Viviana, or "Vivi" for short.
Secretary of State Marco Rubio and Pope Leo XIV met Thursday at the Vatican to discuss the situation in the Middle East and other matters.
The acting attorney general is touting the administration's stepped-up denaturalization efforts.
Since his second term started, President Trump has introduced a flurry of initiatives aimed at taming the excesses of the pharmaceutical industry.
Health officials have identified at least eight confirmed or suspected cases of hantavirus tied to an outbreak on the M/V Hondius cruise ship.
American passengers who left the MV Hondius cruise ship in April are being monitored for hantavirus in at least five states, health officials said.
The new TrumpRx program relies partly on connecting consumers with discount coupons offered by drugmakers. For insured patients, though, using a coupon can prove dicey.
Since his second term started, President Trump has introduced a flurry of initiatives aimed at taming the excesses of the pharmaceutical industry.
A deadly strain of hantavirus broke out aboard a cruise ship for the first time, with more than 150 people on board. With three deaths among eight confirmed cases so far, Dr. Céline Gounder discusses the wider risks.
Health officials have identified at least eight confirmed or suspected cases of hantavirus tied to an outbreak on the M/V Hondius cruise ship.
As Trump pushes for a deal with an Iranian regime he portrays as deeply fractured, analysts say power in Tehran may be shifting, but that doesn't mean disarray.
American passengers who left the MV Hondius cruise ship in April are being monitored for hantavirus in at least five states, health officials said.
The Mexican navy helped rescue shipwrecked sailors and retrieve bales of illicit drugs that had been dumped into the ocean.
Secretary of State Marco Rubio and Pope Leo XIV met Thursday at the Vatican to discuss the situation in the Middle East and other matters.
(Warning: Spoilers ahead!) "CBS Mornings" reveals details of the latest "Survivor 50" episode and elimination ceremony, which had another surprise for the castaways.
"CBS Mornings" has an exclusive preview of the new Netflix series "I Will Find You," which is based on Harlan Coben's 2023 novel. Coben, who is also an executive producer on the series, talks about what inspired the story and how closely he worked on the Netflix adaptation.
Christy Turlington Burns, the founder and president of the nonprofit "Every Mother Counts," speaks about her new documentary, which explores the state of maternal healthcare following the end of Roe v. Wade. She discusses the different risks for women and why this is personal for her.
Ted Turner, who died on Wednesday at age 87, was a global media titan. Amol Sharma, a financial editor for The Wall Street Journal, joins CBS News with more insight.
Media mogul and CNN founder Ted Turner has died at 87, according to a statement from Turner Enterprises. Michael Schneider, Variety's executive editor of TV, joins with more.
If you bought an iPhone recently you may be able to get some of your money back. Apple has agreed to a $250 million settlement in a lawsuit over false advertising. Kelly O'Grady explains who is eligible.
Autonomous cars in California will no longer be immune to traffic tickets once a new law takes effect in July. CNET editor-at-large Scott Stein joins CBS News to discuss this and other top technology stories of the day.
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.
A proposed $250 million settlement would compensate millions of consumers who bought the iPhone 16, iPhone 15 Pro or iPhone 15 Pro Max.
Career experts say workers and job seekers should take charge of their own AI education. Here's how to get started.
If confirmed, the rock would become just the second world past Neptune in our solar system to host an atmosphere.
Bill Nye The Science Guy, the chief ambassador of The Planetary Society, joins CBS News 24/7 Mornings with more after meeting the Artemis II crew in person after their successful mission around the moon.
The Trump administration has fired all 22 current members of an independent board that oversees the National Science Foundation, one dismissed member says.
Archaeologists found the victim holding a terracotta mortar, which they interpret as an improvised attempt to shield his head.
Rapid development has been shrinking the jungle habitat of the critically endangered species, and fatal conflicts with people have been increasing.
A CBS News visual investigation reveals new details in an alleged assassination attempt on President Trump at this year's White House Correspondents' Dinner.
The Mexican navy helped rescue shipwrecked sailors and retrieve bales of illicit drugs that had been dumped into the ocean.
Acting Attorney General Todd Blanche spoke to CBS News' Camilo Montoya-Galvez about the fears among naturalized U.S. citizens and the accusations of retribution by the Justice Department on behalf of President Trump.
Meenu Batra, a certified court interpreter for more than 20 years, is speaking out after spending more than six weeks in ICE custody. CBS News' Shanelle Kaul reports.
A note apparently written by convicted sex offender Jeffrey Epstein before his death has been made public. CBS News' Anna Schecter has more.
If confirmed, the rock would become just the second world past Neptune in our solar system to host an atmosphere.
The Artemis II team gained a new member, and the crew made sure their youngest teammate had the right stuff for space.
The Artemis II astronauts said they actually really enjoyed the space food, but it was a familiar candy they enjoyed after splashing down in the Pacific Ocean.
The plumbing issues aboard the Orion capsule became headline news in the early days of the historic Artemis II mission.
The Artemis II astronauts joined "CBS Mornings" for a live town hall where they took questions from kids just weeks after returning from their historic moon mission.
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.
President Trump said Wednesday that he thinks the U.S. won the war with Iran. CBS News' Weijia Jiang reports.
A CBS News visual investigation reveals new details in an alleged assassination attempt on President Trump at this year's White House Correspondents' Dinner.
Senate and House Democrats launched a probe into the process for some of President Trump's pardons and commutations. CBS News' Gabe Kaminsky reports.
At least two Americans on board the MV Hondius, the cruise ship affected by a hantavirus outbreak, are being monitored in the U.S. for potential symptoms. CBS News' Tom Hanson has the latest.
President Trump is claiming that Iran is close to reaching a peace deal with the U.S. This comes as Israel resumed strikes in Lebanon following a U.S.-brokered ceasefire. CBS News' Aaron Navarro and Holly Williams report, and Jason Campbell, a senior fellow at the Middle East Institute, joins with more insight.