Standoff on Capitol Hill over debt ceiling
Republicans are threatening to vote against raising the national debt ceiling. CBS News reporter Sarah Ewall-Wice joins CBSN's "Red & Blue" to explain what would happen if Congress fails to act.
Watch CBS News
Republicans are threatening to vote against raising the national debt ceiling. CBS News reporter Sarah Ewall-Wice joins CBSN's "Red & Blue" to explain what would happen if Congress fails to act.
Senate Democrats hoped to include pathway to citizenship for millions of immigrants in their $3.5 trillion budget proposal, but the Senate parliamentarian ruled against it. CBS News congressional correspondent Nikole Killion joins CBSN AM with the latest on that plus the upcoming deadline for raising the debt ceiling.
In a speech promoting his economic agenda, President Biden on Thursday criticized the wealthy and corporations for not paying their fair share of taxes. CBS News chief White House correspondent Nancy Cordes, Axios' political reporter Sarah Mucha, and The Washington Post's Capitol Hill reporter Rhonda Colvin join CBSN's "Red & Blue" anchor Elaine Quijano with the details, and the latest on the White House's effort to address rapper Nicki Minaj's questions about vaccines.
White House press secretary Jen Psaki said Thursday the debt limit isn't a political issue and shouldn't be a partisan one
President Biden made his first visit to the West Coast on Monday since taking office. He's scheduled to campaign on behalf of California Governor Gavin Newsom in Long Beach ahead of Tuesday's governor recall election. CBS News chief White House correspondent Nancy Cordes, USA Today White House correspondent Courtney Subramanian, and Politico congressional reporter Nicholas Wu join CBSN's "Red & Blue" anchor Elaine Quijano with the details, plus the latest on the Afghanistan hearings and the battle in Congress over government spending.
Senate Minority Leader Mitch McConnell has predicted no Republicans would vote to raise the debt limit.
Senate Democrats passed a $3.5 trillion budget resolution overnight that addresses many of President Biden's top legislative priorities. Democrats officially laid the foundation to pass the sweeping measure hours after senators passed a bipartisan $1 trillion infrastructure bill. CBS News congressional correspondent Kris Van Cleave joined CBSN from Capitol Hill with what happens next.
The Senate could hold a final vote on the bipartisan infrastructure bill as early as Tuesday morning. CBS News' Skyler Henry walks us through some of the last minute obstacles lawmakers overcame. Then, Dave Clarke, The Washington Post's Congress editor, joins CBSN's Elaine Quijano to discuss what will happen next with the bill.
The bipartisan infrastructure bill is likely to pass the Senate, but faces challenges once it turns over to the House. Jennifer Shutt, a budget and appropriations reporter with CQ Roll Call, joins CBSN's Michael George to discuss the measure and the debt ceiling.
Treasury Secretary Janet Yellen traveled to Atlanta on Wednesday to promote the Biden administration's economic agenda. It was Yellen's first official domestic trip since being appointed to Mr. Biden's Cabinet. Her visit came as a bipartisan infrastructure bill makes it way through the Senate. CBS News reporter Sarah Ewall-Wice joins CBSN's "Red & Blue" host Elaine Quijano with more.
The Senate on Monday began its push to pass the roughly $1 trillion bipartisan infrastructure bill hours after legislative language was completed and unveiled, with senators involved in crafting the proposal hoping it will clear the upper chamber in the coming days. CBS News congressional correspondent Kris Van Cleave joins CBSN's Tanya Rivero with more.
The Treasury should have enough cash to pay the country's obligations into the fall, experts estimate.
The divide between parties in Congress is growing. Lawmakers are facing the possibility of missing the self-imposed Monday deadline to get an infrastructure deal together as bipartisan negotiations continue. This week, House Speaker Nancy Pelosi vetoed two of Minority Leader Kevin McCarthy's picks for the select committee investigating the January 6 assault on the U.S. Capitol. The Hill senior reporter, Alex Bolton, joins CBSN to discuss.
Senate Republicans defeated a vote to open up debate on the framework for a bipartisan infrastructure bill, citing concerns over how to pay for it. CBSN Washington reporter Caitlin Huey-Burns, CBSN political contributor and Associated Press White House reporter Zeke Miller, and Washington Post White House reporter Tyler Pager join CBSN's "Red & Blue" anchor Elaine Quijano with more on the bill's future, plus the debate over the debt ceiling, and why House Minority Leader Kevin McCarthy is launching a separate GOP investigation into the Capitol riot.
"Failing to increase the debt limit would have absolutely catastrophic economic consequences," Yellen told lawmakers.
The deal increases spending by $320 billion, pushing a contentious budget battle off until after the 2020 election
Democrats have all but claimed victory with this year's budget deal as it appears short on actual cuts
The House approved the deal between Democratic leaders and President Trump despite significant opposition from conservatives
In a blog post published Monday, the Democratic presidential candidate warns that the economy is on shakier footing than it seems
"This was a real compromise in order to give another big victory to our Great Military and Vets!" the president tweeted
CBO warned that if debt ceiling isn't raised, "the government would be unable to pay its obligations fully, and it would delay making payments for its activities, default on its debt obligations, or both"
Trump plans to explore with Democratic leaders in Congress the possibility of permanently eliminating the cap
Since President Trump signed a critical debt ceiling bill last week, the national debt increased by $319 billion
Trump reveals how marginal conservatives have become, despite their large footprint in our political discourse
The Treasury secretary attended a closed-door conference meeting Friday and one lawmaker said "there was some hissing"