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.
Debt Ceiling
Former Treasury Secretary Robert Rubin condemns threats to default on U.S. gov't debt
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.
Biden signs deal to lift debt ceiling
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.
Biden praises debt ceiling deal
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.
Stocks jump amid surprising jobs report
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.
Biden addresses nation on debt bill passage
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.
How the debt ceiling deal came together
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.
Biden on debt ceiling deal to avoid default: "This is vital"
The president spoke less than 24 hours after the Senate approved the agreement in a bipartisan vote.
Senate passes debt ceiling bill
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.
Who won the debt ceiling negotiations?
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.
What's in the debt ceiling deal — and what's not
The debt ceiling deal has cleared both chambers of Congress and is headed to the president's desk.
Senate passes debt ceiling bill, sending measure to Biden
The legislation now goes to President Biden's desk, pulling the nation back from the brink of a financial crisis.
Senators call for debt limit bill amendments
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.
Schumer on urgency of debt limit bill
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."
Debt ceiling bill awaits next steps in Senate
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.
Is the debt limit bill a win for Republicans?
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.
Senate debates debt ceiling bill
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.
Student loan payments and the debt limit bill
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.
Debt ceiling deal's next steps — House sends bill to Senate
The House passed the bill to raise the debt ceiling Wednesday. Now, the Senate will take it up.
House passes debt ceiling deal
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.
Debt limit deal goes to Senate for approval
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.
House passes debt ceiling deal and sends it to the Senate
A majority of Democrats and a majority of Republicans voted in favor of the Fiscal Responsibility Act.
5/31: America Decides
Lawmakers voting on debt deal before deadline; not all GOP on same page over debt ceiling deal
House passes 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.
GOP negotiators on debt ceiling deal backlash
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.
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