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.
Prospects for a U.S.-Iran deal seem to dim as the war between Israel and Hezbollah grinds on despite Trump saying they agreed to stop fighting.
CBS News projects that incumbent Mayor Karen Bass will advance to the November election, while her opponents, Councilmember Nithya Raman and political newcomer Spencer Pratt, compete for the final spot.
The Trump administration has unveiled proposed tariffs of 10% or more on dozens of countries accused of failing to crack down on forced labor, including some of the U.S.'s largest trading partners.
About a month after ejecting during the friendly-fire incident, the pilot was on a mission over Iran when his jet was hit by a surface-to-air missile, prompting a daring rescue operation.
The Supreme Court cleared the way for Alabama to use a House map that is more favorable to Republicans, despite a lower court finding that the plan intentionally discriminated against Black voters.
American military forces carried out strikes on Iranian targets after attempted Iranian drone and missile attacks, U.S. Central Command said Tuesday, in the latest clash.
"We are not moving forward with the fund. Period," Blanche told House lawmakers.
The superseding indictment does not contain any new charges or name new defendants from the original version, which was returned in April.
According to an official familiar with the investigation, new digital forensic evidence appears to undercut Brian Hooker's account of his wife's disappearance, although they did not specify how.
CBS News has fired longtime "60 Minutes" correspondent and former "CBS Evening News" anchor Scott Pelley one day after he had a tense and confrontational exchange with new "60 Minutes" executive producer Nick Bilton.
The superseding indictment does not contain any new charges or name new defendants from the original version, which was returned in April.
Peabo Bryson, a two-time Grammy-winning singer and songwriter known for Disney movie hits "Beauty and the Beast" and "A Whole New World," has died at age 75.
According to an official familiar with the investigation, new digital forensic evidence appears to undercut Brian Hooker's account of his wife's disappearance, although they did not specify how.
Bakersfield police said the suspect had agreed to release two of the hostages.
The Trump administration has unveiled proposed tariffs of 10% or more on dozens of countries accused of failing to crack down on forced labor, including some of the U.S.'s largest trading partners.
"It will be a very long, multi-month to multi-year process for things to fully normalize," GasBuddy's Patrick De Haan said.
A Virginia man is suing Amazon over Ring's "Familiar Faces" feature, alleging the technology violates people's privacy.
Economists at the New York Federal Reserve say they've identified the main reason some recent college grads are having trouble landing a job.
Travel experts say to be prepared for potential disruptions as countries implement the new Entry/Exit System now in place across the EU and other countries.
Businessman and self-described outsider Toby Doeden will advance to a runoff for the GOP nomination for South Dakota governor, CBS News has projected, after a competitive and frequently contentious primary.
The Trump administration has unveiled proposed tariffs of 10% or more on dozens of countries accused of failing to crack down on forced labor, including some of the U.S.'s largest trading partners.
MAHA-aligned Republican Zach Lahn will face Democrat Rob Sand in this year's race for Iowa governor, setting up what could be an unusually competitive contest in a red-leaning state.
The superseding indictment does not contain any new charges or name new defendants from the original version, which was returned in April.
Iowa GOP Senate candidate Rep. Ashley Hinson acknowledged the U.S.-Iran conflict could become a "political liability" if it stretches beyond the next few weeks, according to audio obtained by CBS News.
A flesh-eating New World screwworm was recently detected in Mexico just 25 miles from the United States border, according to the USDA.
While 330 Ebola infections are confirmed in central Africa and huge challenges remain, hundreds more suspected cases "have been cleared out," the WHO says.
A new drug was shown in trials to keep pancreatic cancer patients alive for twice as long as chemotherapy alone. Dr. Jon LaPook has more.
Sentri7, drug diversion software powered by artificial intelligence and used at hundreds of U.S. hospitals, did not catch a monthslong string of fentanyl thefts in Tennessee in 2025, according to a state document.
New research shows a medication called daraxonrasib is helping people with advanced pancreatic cancer live longer.
According to an official familiar with the investigation, new digital forensic evidence appears to undercut Brian Hooker's account of his wife's disappearance, although they did not specify how.
American military forces carried out strikes on Iranian targets after attempted Iranian drone and missile attacks, U.S. Central Command said Tuesday, in the latest clash.
The collection once belonged to the noble Beaufort-Spontin family, who were suspected of having collaborated with the Nazis.
While 330 Ebola infections are confirmed in central Africa and huge challenges remain, hundreds more suspected cases "have been cleared out," the WHO says.
The U.S. and British militaries say one American soldier and one British soldier died during a training exercise in Iraq.
The sci-fi horror flick "Backrooms" was the number one movie in the U.S. as of Tuesday. The filmmaker behind the movie, 20-year-old YouTuber Kane Parsons, is now the youngest director with a number one film globally. Brooks Barnes, The New York Times' chief Hollywood correspondent, joins "The Daily Report" to discuss.
Peabo Bryson, a two-time Grammy-winning singer and songwriter known for Disney movie hits "Beauty and the Beast" and "A Whole New World," has died at age 75.
Two indie horror films made by YouTubers, "Backrooms" and "Obsession," beat out Disney's latest "Star Wars" movie in the box office this weekend. Steven Zeitchik, senior editor for the Hollywood Reporter, joins CBS News to discuss.
Grammy Award winner P!nk is preparing to host the Tony Awards on Sunday on CBS. The singer speaks with "CBS Mornings" about what to expect and why she asked her daughter for permission before agreeing to host.
Monday marks 100 years since the birth of the iconic Hollywood actress Marilyn Monroe. On Aug. 10, 1962, six days after her death at the age of 36, CBS News aired a retrospective special about the legend's life, featuring interviews with friends, mentors and colleagues.
Developments in artificial intelligence are happening very quickly, and so are mass layoffs as corporations rapidly embrace the technology. But now some companies like Uber and Microsoft are starting to second-guess aggressive AI adoption. Reyhan Harmanci, director of features at Wired magazine, joins to discuss the state of AI in corporate America.
A Virginia man is suing Amazon over Ring's "Familiar Faces" feature, alleging the technology violates people's privacy.
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.
Florida has filed a civil suit against OpenAI and its CEO Sam Altman, accusing them of deceiving users. Jo Ling Kent explains.
Anthropic, the artificial intelligence company behind the chatbot Claude, has filed to go public, setting up one of the biggest initial public offerings in history. CBS News senior business and technology correspondent Jo Ling Kent has the details.
Days after a meteor exploded over New England, another fireball was spotted, visible in the Midwest to the Northeast. Rob Marciano has more.
A team of archaeologists at the iconic cathedral is digging straight down and back in time, to Roman Paris 2,000 years ago.
The FLEX Rover will be equipped to carry two astronauts and traverse hundreds of miles of lunar terrain.
The new species, named Microeledone galapagensis, has a blue hue, which is believed to be the rarest color in nature.
The Pentagon has released another batch of never-before-seen files on reported UFO sightings. CBS News senior national security correspondent Charlie D'Agata reports.
According to an official familiar with the investigation, new digital forensic evidence appears to undercut Brian Hooker's account of his wife's disappearance, although they did not specify how.
Police say a man with a bomb allegedly strapped to his chest took at least one hostage in a California Chase Bank on Tuesday. Carter Evans reports.
Police say a suspect has taken at least one hostage at a Chase Bank in Bakersfield, California. CBS News correspondent Carter Evans has the latest.
Federal authorities have arrested and charged four people with drug trafficking after a monthslong investigation uncovered what federal officials called a massive, 2,000-foot-long underground tunnel connecting Mexico to the U.S. CBS News' Shanelle Kaul has the details.
Four people were arrested and charged with trafficking more than $45 million in cocaine through the 2,000-foot-long tunnel complete with reinforced walls, ventilation and a rail system.
Damage to Blue Origin's lone launch pad in the wake of last week's spectacular explosion was not as severe as initially feared, the company said.
The FLEX Rover will be equipped to carry two astronauts and traverse hundreds of miles of lunar terrain.
Blue Origin assess the impact of Thursday's New Glenn explosion, prompting concern about NASA moon program delays.
A rare blue micromoon will appear in night skies this weekend. Here's what to expect.
Jeff Bezos' Blue Origin, Astrolab, Lunar Outpost and Firefly Aerospace are awarded with hundreds of millions of dollars in NASA contracts for the first phase of its moon base plans.
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.
Rep. Grace Meng pressed acting Attorney General Todd Blanche on the Justice Department's "anti-weaponization" fund during a House hearing Tuesday. Blanche said the department wasn't moving forward with the fund, but he declined to put that commitment in writing.
The sci-fi horror flick "Backrooms" was the number one movie in the U.S. as of Tuesday. The filmmaker behind the movie, 20-year-old YouTuber Kane Parsons, is now the youngest director with a number one film globally. Brooks Barnes, The New York Times' chief Hollywood correspondent, joins "The Daily Report" to discuss.
Secretary of State Marco Rubio faced tough questions on the war with Iran Tuesday during back-to-back hearings on Capitol Hill. CBS News intelligence and national security reporter Olivia Gazis has more.
Voters in six states are casting their primary election ballots, with key races to watch in California, Iowa, New Jersey and more. CBS News executive director of elections and surveys, Anthony Salvanto, has more.
Primary battles are underway in six states; acting AG Todd Blanche testifies before the House Appropriations Committee.