What to do with your money as the U.S. inches toward a debt default
Everything from the stock market to Social Security payments could be jolted if the U.S. defaults on its obligations.
Debt Ceiling
Debt negotiators clash over spending caps
Despite the ever-shrinking timeline until the U.S. defaults on its debts, House Speaker Kevin McCarthy told reporters Tuesday he still thinks a deal is possible. But he also made clear there's still work to be done. CBS News congressional correspondent Nikole Killion reports from Capitol Hill.
The sticking points in debt ceiling talks
House Speaker Kevin McCarthy says he and President Biden are still not close to a deal on the debt ceiling. Jeff Stein, White House economics reporter for the Washington Post, joins CBS News to break down how the Biden administration is weighing the risks of default and its political priorities.
McCarthy says two sides far from debt deal
One day after President Biden and House Speaker Kevin McCarthy called their meeting at the White House "productive," McCarthy made clear Tuesday that the two sides are still nowhere near an agreement. CBS News senior White House correspondent Weijia Jiang and CBS News congressional correspondent Nikole Killion report from Capitol Hill.
Rep. Chip Roy on debt ceiling negotiations
The House Freedom Caucus has called for "no further discussion" on raising the debt ceiling until the Senate passes the bill that House Republicans approved in late April. Rep. Chip Roy joins to discuss what kind of deal his fellow House Freedom Caucus members would accept.
U.S. debt default would spark job losses
About 1.5 million Americans are projected to be out of a job if the U.S. has a short-term default on its debt. That would happen within just one week of breaching the ceiling. Right now, the U.S. is on track to run out of credit June 1. Irina Ivanova, associate managing editor of CBS MoneyWatch, has more.
5/23: CBS News Mornings
President Biden, Speaker McCarthy optimistic as negotiations continue and debt deadline looms; Heavy travel expected for Memorial Day weekend.
Biden, McCarthy show optimism on debt limit
President Biden met again with House Speaker Kevin McCarthy Monday over the looming debt ceiling crisis. Despite describing their negotiations as "productive," McCarthy says he and the president are "still apart" on the terms of a deal. CBS News chief White House correspondent Nancy Cordes and CBS News congressional correspondent Nikole Killion have more.
How a U.S. default would hurt small business
As President Biden and congressional Republicans try to reach a deal on the debt ceiling, small businesses are raising concerns about how a potential default could impact them -- especially if they rely on government contracts. Many are already struggling due to high inflation and the failure of some regional banks. Javier David, the managing editor for business and markets at Axios and a CBS News contributor, joins us with more.
"Productive" debt talks continue
President Biden and House Speaker Kevin McCarthy will continue to meet daily to discuss the debt ceiling as the deadline looms. It is nine days away. The White House and Republicans are haggling over spending cuts, while Americans worry a possible default could impact their financial futures. CBS News chief White House correspondent Nancy Cordes reports from the White House.
Biden and McCarthy resume debt ceiling talks
President Biden welcomed House Speaker Kevin McCarthy to the White House Monday to try and iron out a debt limit deal. CBS News senior White House correspondent Weijia Jiang reports.
Ohio Rep. David Joyce on debt ceiling talks
We're now less than two weeks away from the Treasury's default deadline. Ohio Republican Rep. David Joyce, member of the House Appropriations Committee, joins to discuss the status of debt ceiling negotiations and the failed vote to expel George Santos.
McCarthy says debt ceilng meeting with Biden "productive"
President Biden and House Speaker Kevin McCarthy huddled yet again as the debt ceiling "X" date nears.
Biden, McCarthy meet one-on-one
President Biden and House Speaker McCarthy met Monday to try to reach a deal on raising the debt ceiling. McCarthy, who is demanding drastic spending cuts, said he was optimistic a compromise could be reached. Weijia Jiang has the latest.
Biden, McCarthy meet on debt ceiling
President Biden and House Speaker Kevin McCarthy met about the debt ceiling at the White House less than two weeks before the default deadline. CBS News senior White House and political correspondent Ed O'Keefe and CBS News congressional correspondent Nikole Killion report.
If the U.S. breaches the debt ceiling, these states would feel it most
Even a short default could wipe out more than a million jobs, especially in parts of the U.S. that depend on federal spending.
5/22: CBS News Mornings
Biden and McCarthy to meet on debt ceiling; SpaceX launches private flight to International Space Station.
Debt limit negotiators seemingly miles apart
The clock is ticking on the possibility of reaching a deal on the debt ceiling. President Biden and House Speaker McCarthy meet again Monday for negotiations. But there is still a lot of ground to cover. CBS News chief White House correspondent Nancy Cordes has more.
Debt ceiling talks continue as Biden returns
Debt ceiling negotiations continued over the weekend between White House negotiators and Republicans on Capitol Hill. President Biden returned to Washington on Sunday, where he is expected to meet with House Speaker Kevin McCarthy on Monday after a tumultuous weekend of on-again off-again talks. Chief White House correspondent Nancy Cordes reports from the White House.
Biden and McCarthy to resume talks Monday as debt default deadline looms
McCarthy said Sunday that he had a "productive" call with Mr. Biden as the president returns from the G-7 conference in Japan.
Fitzpatrick on debt default date
Reps. Brian Fitzpatrick, Republican of Pennsylvania, and Josh Gottheimer, Democrat of New Jersey, join "Face the Nation" as the U.S. heads closer to the debt default date of June 1. Fitzpatrick said the "math tells us there is a little bit of wiggle room" on that date, but Gottheimer said "we have to presume" that June 1 is the hard default date.
Open: This is "Face the Nation with Margaret Brennan"
This week on "Face the Nation with Margaret Brennan," House Problem Solvers Caucus chairs Reps. Brian Fitzpatrick and Josh Gottheimer discuss the debt ceiling talks; New York City Mayor Eric Adams discusses the debt ceiling crisis; plus a conversation with former Defense Secretary Robert Gates.
GOP Rep. says "there is a little bit of wiggle room" on default date
House Speaker Kevin McCarthy said Sunday that he and President Joe Biden had a "productive" call,.
Still no deal in debt ceiling standoff
Following several meetings Friday, White House negotiators and Republican congressional leaders left the Capitol without an agreement on solving the nation's debt ceiling crisis. President Biden is expected to cut short his Asia-Pacific trip to return to Washington to address the issue. Christina Ruffini has the latest.
Impasse continues in negotiations over debt ceiling crisis
Without a deal, Treasury Secretary Janet Yellen has said the U.S. could be unable to pay its bills and might default on its debt as soon as June 1.
Survivors of Sept. 2 boat strike were waving before second attack, sources say
Two people who survived a U.S. attack on an alleged drug boat were waving overhead before they were killed in a now-controversial second strike, according to two sources.
CDC panel votes to stop recommending birth dose of hepatitis B vaccine
The CDC's Advisory Committee on Immunization Practices, with members appointed by RFK Jr., voted to change longstanding recommendations on the hepatitis B vaccine.
Report finds Afghanistan mission was "two-decade long effort fraught with waste"
The final report this week from the special inspector general for Afghanistan identified $26 billion in waste, fraud, and abuse in U.S. reconstruction spending in Afghanistan since 2009.
Supreme Court to decide constitutionality of Trump's birthright citizenship order
The Supreme Court said Friday it will decide the legality of President Trump's executive order that seeks to end birthright citizenship.
National Guard member is "slowly healing" after D.C. shooting, governor says
West Virginia Gov. Patrick Morrisey said the family expects Andrew Wolfe to be in acute care for another two to three weeks.
Suspect in D.C. pipe bomb case ordered detained in first court appearance
The man suspected of planting pipe bombs outside the RNC and DNC headquarters in 2021 was ordered detained in his first appearance in federal court.
Indiana House GOP advances 9-0 congressional map, sending plan to state Senate
President Trump has led the charge to create more GOP-friendly congressional districts in the 2026 midterm elections.
Minnesota officials saw signs of massive fraud even before COVID hit
In July 2019, Minnesota state officials spotted early signs of fraud that would eventually siphon away more than $1 billion in taxpayer money, sources told CBS News.
Here's where minimum wage increases are set to kick in next year
Minimum wages are set to rise in 22 U.S. states and 66 cities and counties next year, even as the federal baseline wage remains at $7.25.
U.S.
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National Guard member is "slowly healing" after D.C. shooting, governor says
West Virginia Gov. Patrick Morrisey said the family expects Andrew Wolfe to be in acute care for another two to three weeks.
When a Lowe's store cat disappeared, staff pulled out all the stops to find her
When Francine the cat went missing from her Richmond, Virginia, store, employees determined she must have wandered onto a freight truck bound for a distribution center 85 miles away in North Carolina.
Report finds Afghanistan mission was "two-decade long effort fraught with waste"
The final report this week from the special inspector general for Afghanistan identified $26 billion in waste, fraud, and abuse in U.S. reconstruction spending in Afghanistan since 2009.
2 Louisiana inmates on the run after escape through damaged jail wall
Officials in Louisiana say two inmates accused of violent crimes are on the run after escaping from jail by removing pieces of a wall and using sheets to scale a wall.
For Gen Zers, finding work after college is often a painful slog
"It's very discouraging," said one young job-seeker as employers pull back on hiring entry-level workers.
MoneyWatch
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For Gen Zers, finding work after college is often a painful slog
"It's very discouraging," said one young job-seeker as employers pull back on hiring entry-level workers.
Here's where minimum wage increases are set to kick in next year
Minimum wages are set to rise in 22 U.S. states and 66 cities and counties next year, even as the federal baseline wage remains at $7.25.
Officials expand probe into Waymo over robotaxis driving around buses
Federal regulators are investigating multiple Texas incidents in which the robotaxis drove around stopped school buses.
Trump touts $20 trillion in new U.S. investments, but numbers don't add up
President Trump's claims of a historic multitrillion-dollar investment surge don't match federal data or the administration's own numbers.
Elon Musk's X fined $140 million for violating EU transparency rules
European regulators said X breached transparency rules under the Digital Services Act, a sweeping EU law intended to protect internet users.
Politics
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U.S., Ukrainian officials will meet again Saturday on peace plan
The officials in a joint statement said they made progress on creating a security framework for postwar Ukraine and are urging Russia to commit to peace.
Survivors of Sept. 2 boat strike were waving before second attack, sources say
Two people who survived an early September U.S. attack on an alleged drug boat were waving overhead before they were killed in a now-controversial second strike, according to two sources.
Report finds Afghanistan mission was "two-decade long effort fraught with waste"
The final report this week from the special inspector general for Afghanistan identified $26 billion in waste, fraud, and abuse in U.S. reconstruction spending in Afghanistan since 2009.
Supreme Court to decide constitutionality of Trump's birthright citizenship order
The Supreme Court said Friday it will decide the legality of President Trump's executive order that seeks to end birthright citizenship.
Indiana House GOP advances 9-0 congressional map, sending plan to state Senate
President Trump has led the charge to create more GOP-friendly congressional districts in the 2026 midterm elections.
HealthWatch
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CDC panel votes to stop recommending birth dose of hepatitis B vaccine
The CDC's Advisory Committee on Immunization Practices, with members appointed by RFK Jr., voted to change longstanding recommendations on the hepatitis B vaccine.
Could pets be next for weight loss drugs? Here's what to know about a study.
A clinical study into weight loss drugs for pets just launched, with results from the trial expected by next summer.
CDC panel to vote Friday on hepatitis B vaccine for newborns
The CDC's vaccine advisory panel meets Thursday and Friday to discuss recommendations for the hepatitis B vaccine and the schedule of childhood shots.
12 ex-FDA leaders criticize claims made by agency's current vaccine chief
The former officials said the FDA's plans to revamp how certain life-saving vaccines are handled would "disadvantage the people the FDA exists to protect, including millions of Americans at high risk from serious infections."
CEO of genetics firm says parents have a right to choose unborn child's traits
Kian Sadeghi, the 25-year-old founder and CEO at Nucleus Genomics, tells "CBS Mornings" that parents have every right to select the qualities and traits they desire in their child.
World
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U.S., Ukrainian officials will meet again Saturday on peace plan
The officials in a joint statement said they made progress on creating a security framework for postwar Ukraine and are urging Russia to commit to peace.
Treasure trove found in Egyptian tomb solves ancient mystery
The royal symbol on the newly discovered figurines solves a long-standing mystery by identifying who was buried in the sarcophagus.
Elon Musk's X fined $140 million for violating EU transparency rules
European regulators said X breached transparency rules under the Digital Services Act, a sweeping EU law intended to protect internet users.
Mystery drones seen over Ireland during Zelenskyy's visit
After a number of drone sightings near European airports and military bases, mysterious aircraft were seen over Ireland as Ukraine's Zelenskyy visited.
White House claims Europe facing "civilizational erasure" in 2 decades
The Trump administration says societal threats mean some European nations may not be "strong enough to remain reliable allies."
Entertainment
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Frank Gehry, renowned architect, dies at age 96
Frank Gehry was known for designing the Guggenheim Museum Bilbao in Spain and the Walt Disney Concert Hall in Los Angeles.
2026 Golden Globes nominees to be revealed on "CBS Mornings"
Eleven exclusive 2026 Golden Globes categories will be revealed Monday at 8:30 a.m. ET, only on "CBS Mornings."
Book excerpt: "My Beloved" by Jan Karon
The New York Times bestselling author returns to the village of Mitford in her 15th novel featuring Father Tim Kavanagh.
Amy Allen on songwriting, Grammy nods
Amy Allen, who is up for four Grammys, including songwriter of the year, sits down with Anthony Mason to talk about how she went from a nursing student to writing Grammy-nominated hits for Sabrina Carpenter and other pop stars.
Netflix to buy Warner Bros. in a deal valued at $82.7 billion
Netflix on Friday said it will acquire Warner Bros., including its film and television studios, HBO Max and HBO.
Technology
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Technology
Waymo says its cars are better at avoiding crashes
Waymo has released new data showing its robotaxis were involved in 91% fewer serious crashes when compared to human drivers. CBS News' Elizabeth Cook rode along in a Waymo with Politico economic policy reporter Yasmin Khorram to unpack the report.
Elon Musk's X fined $140 million for violating EU transparency rules
European regulators said X breached transparency rules under the Digital Services Act, a sweeping EU law intended to protect internet users.
How AI powered robots are helping small farms
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.
Google reveals top search trends of 2025
The assassination of conservative activist Charlie Kirk, President Trump's "big, beautiful bill," and the longest government shutdown in U.S. history ranked among Google's top search trends this year.
Politico: Trump admin. looks to robotics
Leaders in the robotics industry say that to strengthen AI, companies also need a plan for robots. The White House appears to be listening. Yasmin Khorram, economic policy reporter for Politico, joins CBS News to discuss her article on the topic.
Science
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"Space gum" discovered in asteroid Bennu samples, NASA reveals
Samples collected from the asteroid Bennu are continuing the shed light on the origins of the solar system and how life developed on Earth, scientists say.
CEO of genetics firm says parents have a right to choose unborn child's traits
Kian Sadeghi, the 25-year-old founder and CEO at Nucleus Genomics, tells "CBS Mornings" that parents have every right to select the qualities and traits they desire in their child.
Sick ants invite self-sacrifice to save colony: "Come and kill me"
Ant colonies act as one "super-organism" which works to ensure the survival of all, according to a team of scientists.
Mystery owner of ancient foot found in Africa identified, scientists say
The discovery could cast some doubt on the status of Lucy's species as the direct ancestor of Homo sapiens.
Most dogs have wolf DNA. These breeds have more than others.
Wolf DNA seems to have influenced the size, smelling power and even personality of modern dog breeds, scientists said.
Crime
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Crime
Questions remain after D.C. pipe bomb arrest
The man accused of planting two pipe bombs in Washington, D.C., on the eve of the Jan. 6, 2021, U.S. Capitol riot is facing two federal charges. CBS News' Anna Schecter has more.
D.C. pipe bomb case: What we still don't know
A judge ordered that the man accused of planting pipe bombs placed outside the Democratic and Republican National Committee headquarters in 2021 remain behind bars. CBS News justice correspondent Scott MacFarlane has more.
New video in UnitedHealthcare CEO shooting
Prosecutors have released new surveillance footage showing the lead-up to the shooting of UnitedHealthcare CEO Brian Thompson and the immediate aftermath. CBS News legal reporter Katrina Kaufman has the latest.
Michael Jordan expected to testify in court
Basketball legend Michael Jordan is expected to testify in an antitrust case against NASCAR. CBS News' Skyler Henry reports.
Luigi Mangione's pretrial hearings postponed
Luigi Mangione, the man who faces a New York state trial over the death of UnitedHealthcare CEO Brian Thompson, did not attend his pretrial hearing because he's sick, the court announced Friday. CBS News' Katrina Kaufman has the latest.
Space
More Space
"Space gum" discovered in asteroid Bennu samples, NASA reveals
Samples collected from the asteroid Bennu are continuing the shed light on the origins of the solar system and how life developed on Earth, scientists say.
Air Force approves SpaceX launch pad expansion
The U.S. Air Force has approved SpaceX's plan to redevelop a historic launch pad at Cape Canaveral. CBS News correspondent Mark Strassmann reports.
Geomagnetic storm watch issued after powerful solar flare
Solar flares and other activity can disrupt radio communications, power grids and navigation signals, according to NASA.
Scientists think they've detected lightning on Mars: "Missing piece of the puzzle"
Researchers have documented 55 instances of "mini lightning" over two Martian years by eavesdropping on the whirling wind recorded by NASA's Perseverance rover.
Russia sends a NASA astronaut, 2 cosmonauts, up to the space station
The new space station crew includes American Chris Williams, who holds a Ph.D. in astronomy and is a board-certified medical physicist at Harvard Medical School.
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Timeline: The disappearance of George Smith
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Latest CBS News Videos
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GLP-1 drugs and muscle loss: What to know
A recent KFF poll revealed that one in eight adults in the U.S. is currently taking a GLP-1 weight loss drug. As more people start using them, some are talking about the unexpected side effects, including muscle loss and weakness. Senior Vox correspondent Dylan Scott joins CBS News to share what patients told him.
Couple shelters dozens after mall shooting
Dozens of Black Friday shoppers fleeing from a San Jose, California, mall after a shooting found shelter in a nearby house. The homeowners, Martin and Irene Garcia, join CBS News to recount the experience.
Grijalva says she was pepper sprayed by ICE
Democratic Rep. Adelita Grijalva of Arizona said Friday she was pepper-sprayed by ICE during a raid at a Tucson restaurant. A Homeland Security spokesperson denied Grijalva's account.
Colts aim to break losing streak
For the first time in NFL history, there are five divisions being led by just one game or less. Charlotte Carroll, staff writer at The Athletic, joins CBS News to unpack Week 14 of the football season.
Netflix-Warner Bros. deal could face hurdles
Netflix says it is buying studio giant Warner Bros. in a deal valued at more than $82 billion. Fortune business editor Nick Lichtenberg joins CBS News to break down the hurdles facing the merger.