GOP rep. says he's not ruling out a government shutdown
A shutdown would occur if Congress doesn't approve or extend government funding in the fall.
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A shutdown would occur if Congress doesn't approve or extend government funding in the fall.
The political fight that jeopardized the government's ability to pay its bills threatened severe economic harm; Robert Rubin warns any future fights over the debt ceiling are risky and irresponsible.
President Biden Saturday signed a bipartisan bill that will suspend the nation's debt ceiling and avoid what could have been a catastrophic government default. Christina Ruffini has more.
President Joe Biden addressed the debt ceiling deal in a speech from the Oval Office, saying the bipartisan agreement avoids "economic collapse." Meanwhile, the stock market rallied behind a strong jobs report. Christina Ruffini has more.
The Labor Department reported Friday that the U.S. added another 339,000 jobs in May, more than double what economists were predicting. The report comes just after Congress passed the contentious debt relief bill, helping to avoid a catastrophic government default. Nancy Cordes has more.
President Biden delivered remarks from the Oval Office Friday night after Congress passed bipartisan legislation to suspend the U.S. debt limit until 2025. Watch his address in this CBS News Special Report, with analysis from Margaret Brennan and Nancy Cordes.
President Biden addressed the nation Friday night to mark the passage of the "Fiscal Responsibility Act," which will suspend the country's debt limit and prevent a catastrophic default. The president spent weeks negotiating with House Speaker Kevin McCarthy over a deal. CBS News chief White House correspondent Nancy Cordes discussed how the two sides reached a compromise.
The president spoke less than 24 hours after the Senate approved the agreement in a bipartisan vote.
The Senate approved legislation Thursday night to raise the debt ceiling and avoid a U.S. default. It's based on the deal President Biden and House Speaker Kevin McCarthy negotiated over Memorial Day Weekend. CBS News congressional correspondent Nikole Killion has more.
President Biden will sign the debt ceiling bill and address the nation Friday night, a day after Congress passed a deal brokered by Mr. Biden and House Speaker McCarthy. CBS News congressional correspondent Nikole Killion reports on which lawmakers are taking a victory lap on Capitol Hill after the nation avoided default.
The debt ceiling deal has cleared both chambers of Congress and is headed to the president's desk.
The legislation now goes to President Biden's desk, pulling the nation back from the brink of a financial crisis.
The Senate is racing to pass the debt ceiling bill approved by the House Wednesday night. Multiple senators claim they will vote against it. CBS News correspondents Nancy Cordes and Scott MacFarlane have the latest.
Senate Majority Leader Chuck Schumer said the Senate will stay in session until they send a debt limit bill to President Biden's desk. Schumer said any delays or changes to the bill that would move the legislation back to the House would "almost guarantee default."
Senate leaders are calling for the swift passage of the proposed debt ceiling plan, but it faces multiple criticisms from both sides of the aisle. CBS News congressional correspondent Scott MacFarlane joins with the latest from Capitol Hill.
Several senators on both sides of the aisle are vowing to vote against the bipartisan debt ceiling agreement. Joel Payne, CBS News political contributor and Democratic strategist, and Michael Ricci, communications director for the pro-Pence "Committed to America" PAC, join "America Decides" to discuss the bipartisan opposition to the debt ceiling bill and the latest developments in the 2024 GOP primary.
The Senate Thursday was debating a bill which would suspend the debt ceiling and avoid a U.S. government default. The bill passed the House on Wednesday. Treasury Secretary Jane Yellen has said the U.S. risks defaulting on its debt as soon as June 5.
The debt ceiling bill being debated in the Senate guarantees the end of the student loan repayment pause that's been in place since the early days of the pandemic. CBS News reporter Sarah Ewall-Wice has more.
The House passed the bill to raise the debt ceiling Wednesday. Now, the Senate will take it up.
A bipartisan vote in the House Wednesday night passed a bill to raise the nation's debt limit through 2025. The legislation now moves to the Senate where Majority Leader Chuck Schumer placed the bill on the Senate calendar late Wednesday night to fast-track a vote by week's end. Nikole Killion reports.
The House passed a bill to raise the nation's debt ceiling Wednesday evening, sending it to the Senate. President Biden, who brokered the deal with Speaker Kevin McCarthy, called it "good news," but lawmakers seem to remain divided. CBS News congressional correspondent Nikole Killion is following the latest from Capitol Hill.
A majority of Democrats and a majority of Republicans voted in favor of the Fiscal Responsibility Act.
Lawmakers voting on debt deal before deadline; not all GOP on same page over debt ceiling deal
The House of Representatives voted Wednesday night to pass a bill that will suspend the debt limit and avoid a catastrophic default. It now heads to the Senate. CBS News congressional correspondent Scott MacFarlane reports from Capitol Hill.
While many Republicans on Capitol Hill have praised Speaker McCarthy and the debt ceiling agreement, others haven't been shy to voice their dismay. Republican Congressmen Garret Graves and Patrick McHenry, who helped negotiate the deal, join "America Decides" to respond to conservative criticism of the compromise.
South Carolina Gov. Henry McMaster will hold a press conference to announce his pick to fill the vacancy left by Sen. Lindsey Graham's death.
President Trump says the U.S. will "probably run" the Strait of Hormuz, as dueling attacks with Iran continue over control of the strategic waterway.
CBS News reviewed police records, body camera footage, court documents and local news reports to find more than 50 cases of innocent bystanders shot by police.
The Maine Immigrants' Rights Coalition identified the person who was shot as a 26-year-old Colombian man who was authorized to work in the U.S.
Trump says the U.S. will be known as "THE GUARDIAN OF THE HORMUZ STRAIT," and will charge 20% on all cargo shipped via the waterway to cover security costs.
The suit poses a new challenge to the $110 billion deal that would unite two of the nation's largest media companies.
U.S. District Judge Kathleen Williams said President Trump's lawsuit against the IRS had been filed for an "improper purpose."
New Zealand actor Sam Neill, known for "Jurassic Park" and "The Piano," died Monday at 78, his family says.
Video shared by first responders shows a huge blaze, with flames coming out of the front door of the Na Ladprao bar in the northern part of the Thai capital.
CBS News reviewed police records, body camera footage, court documents and local news reports to find more than 50 cases of innocent bystanders shot by police.
Startups are using emails, photos and voice recordings to create AI simulations that family and friends can interact with after a loved one's death.
U.S. District Judge Kathleen Williams said President Trump's lawsuit against the IRS had been filed for an "improper purpose."
South Carolina Sen. Lindsey Graham's sudden death late Saturday has set off a scramble for who will succeed him in the Senate.
The suit poses a new challenge to the $110 billion deal that would unite two of the nation's largest media companies.
Startups are using emails, photos and voice recordings to create AI simulations that family and friends can interact with after a loved one's death.
The suit poses a new challenge to the $110 billion deal that would unite two of the nation's largest media companies.
A quarter of working-age adults use credit cards to purchase groceries but struggle to repay their debts, a new study finds.
As the agriculture industry in Louisiana contends with major energy cost hikes brought on by the Iran war, some farmers are unsure if their businesses will survive.
A landmark housing bill automatically became law overnight after President Trump declined to sign it.
U.S. District Judge Kathleen Williams said President Trump's lawsuit against the IRS had been filed for an "improper purpose."
South Carolina Sen. Lindsey Graham's sudden death late Saturday has set off a scramble for who will succeed him in the Senate.
South Carolina Gov. Henry McMaster will hold a press conference to announce his pick to fill the vacancy left by Sen. Lindsey Graham's death.
President Trump recommended that South Carolina's governor appoint the late Sen. Lindsey Graham's sister Darline to serve out the rest of his term in the Senate.
Trump says the U.S. will be known as "THE GUARDIAN OF THE HORMUZ STRAIT," and will charge 20% on all cargo shipped via the waterway to cover security costs.
A Finnish study followed patients for 10 years after they had a popular knee surgery. For many, the pain continued or even worsened.
New Jersey is one of more than a dozen states that are working to collect, remove and destroy all of their aqueous film-forming foam.
Fire departments across the U.S. are changing how they extinguish fires. For decades, they used foam that contained so-called "forever chemicals" that are now linked to cancer. More than a dozen states are now working to collect, remove and destroy all of it. Mark Strassmann has more.
The Africa Centres for Disease Control and Prevention said the outbreak is the fastest-growing Ebola outbreak recorded on the continent.
Jenney Bitner feared she wouldn't get to see her children grow up after a tumor in her brain revealed she had Stage IV melanoma.
The sugar, called erythrulose, lurks in what's called the interstellar medium: thin clouds of gas and dust littered between stars.
British counterterrorism police are now leading the investigation into the death of Ann Widdecombe after "new information and evidence" came to light.
Trump says the U.S. will be known as "THE GUARDIAN OF THE HORMUZ STRAIT," and will charge 20% on all cargo shipped via the waterway to cover security costs.
Paris will summon Russia's ambassador and the EU and U.K. are announcing new sanctions over an alleged "vast cyber campaign" targeting European countries.
A pickup truck carrying wedding guests was crushed between two other trucks on a busy highway in Indonesia's, killing 13 people and injuring five others, police say.
Actor Sam Neill, who starred in "Jurassic Park" and "The Piano," died Monday at the age of 78, his family said in a statement. Neill had been battling cancer, but his family said he had beaten it and his death was unexpected.
Vladimir Duthiers speaks with Sean Evans about how he came to host "Hot Ones," his interview with Conan O'Brien, who he would like to see on the show and more.
New Zealand actor Sam Neill, known for "Jurassic Park" and "The Piano," died Monday at 78, his family says.
Hosted by Tracy Smith. Featured: The only successful coup in U.S. history; Behind the scenes of "The Pitt"; Trump's monumental reimagining of Washington, D.C.; singer-songwriter Gracie Abrams; "Take Me Home, Country Roads"; and a Tuscany tradition: wine barrel races.
This week, British documentarian Sir David Attenborough, who turned 100 years old in May, broke the record for oldest nominee for a Primetime Emmy Award, earning two nominations this year.
Startups are using emails, photos and voice recordings to create AI simulations that family and friends can interact with after a loved one's death.
Georgia Power says building a new transmission line will require acquiring more than 300 parcels of land, including residential properties.
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.
Apple alleges that OpenAI and two of its employees stole trade secrets and engaged in a "pattern of misconduct."
A new report from AI detector Pangram found that AI-generated content is flooding socials like X and Reddit, with LinkedIn accounting for nearly two-thirds of all AI content detected. Pangram CEO and co-founder Max Spero joins CBS News to discuss his findings.
The Pentagon on Friday released a new batch of UFO files, spanning 19 videos and more. Jordan Flowers, executive director of the Disclosure Foundation, joins CBS News to discuss.
The Defense Department released a fourth batch of UFO files on Friday, nearly one month after its third drop. These are all of the videos in the latest tranche, plus analysis from astrophysicist Avi Loeb.
Archaeologists have discovered eight human skeletons, bronze and gold jewelry and other artifacts indicating a ceremonial burial of wealthy people.
Quasars — the brightest objects in the universe — are powered by supermassive black holes at the heart of early galaxies.
From the lightbulb to the airplane, to medical breakthroughs and the internet age, the past 250 years have been defined by America's intrepid intellect.
CBS News reviewed police records, body camera footage, court documents and local news reports to find more than 50 cases of innocent bystanders shot by police.
A CBS News investigation found that no federal agency is tracking police shootings of innocent bystanders, making it difficult to hold officers accountable. CBS News' Jonathan Vigliotti reports.
British counterterrorism police are now leading the investigation into the death of Ann Widdecombe after "new information and evidence" came to light.
Mike Sisco and his girlfriend Karen Harkness were gunned down in her Topeka, Kansas, home in 2002. Authorities believed it was a crime of passion. Sisco's daughter set out to help prove it was her mother, Dana Chandler, who was responsible.
Colt Gray is scheduled to appear in Barrow County Superior Court on July 24 for a plea hearing, court documents show.
The sugar, called erythrulose, lurks in what's called the interstellar medium: thin clouds of gas and dust littered between stars.
Quasars — the brightest objects in the universe — are powered by supermassive black holes at the heart of early galaxies.
Katalyst Space's LINK spacecraft is designed to capture and boost NASA's Swift observatory back to a safe altitude.
The orbital surgery on the International Space Station returned the Canadian-built robot arm to full health after its "wrist" joint failed last month.
The $30 million salvage operation gets underway as soon as this week with the planned launch of a robotic lifesaver.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
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.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
A CBS News investigation found that no federal agency is tracking police shootings of innocent bystanders, making it difficult to hold officers accountable. CBS News' Jonathan Vigliotti reports.
Some homeowners in Georgia say they have been given an ultimatum: sell your home or the state will take it. Utility giant Georgia Power is planning to build a new transmission line so it can handle more data centers. Skyler Henry reports.
The U.S. and Iran traded a new wave of attacks as both sides attempted to claim control over the Strait of Hormuz. President Trump said in a Truth Social post that the U.S. will act as "the guardian" of the strait. CBS News' national security analyst Aaron Maclean has more.
Ukrainian President Volodymyr Zelenskyy called Sen. Lindsey Graham "a true defender of freedom" after the longtime senator died Saturday at 71. Graham had met with Zelenskyy on Friday during a visit to Ukraine the day before he died. CBS News' Aidan Stretch has more on how Ukrainians are reacting to Graham's death.
Some families in Georgia are being forced to sell their homes or face government seizures to make way for AI data centers. CBS News' Skyler Henry has more.