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.
Darline Graham Nordone, Lindsey Graham's sister, appointed to fill Senate seat
South Carolina Gov. Henry McMaster announced his pick to fill the vacancy left by Sen. Lindsey Graham's death.
Live
Trump orders more Iran strikes after vowing to "keep" Strait of Hormuz, charge fees
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.
First on CBS
Video shows NBA's Brandon Clarke stopped by police 6 weeks before his death
Arkansas police said they found bags of capsules containing a green powdery substance in Brandon Clarke's car, which he told them was kratom.
Man fatally shot by ICE in Maine was not intended target of warrant, lawmakers say
Maine Sen. Angus King said he told Homeland Security Secretary Markwayne Mullin that he wanted a transparent investigation into the shooting in Biddeford.
Military action against Iran formally restarted last week, Trump told lawmakers
President Trump formally notified Congress that "military action" against Iran restarted last week in a letter obtained by CBS News, as a monthslong ceasefire comes to an end.
Sen. Lindsey Graham just died of aorta disease. My husband did too.
Lindsey Graham's aorta tore at 71. Grant Wahl's burst at 49. One is common and age-driven; the other is inherited, silent, and findable.
Judge rebukes Trump and DOJ over IRS lawsuit in scathing decision
U.S. District Judge Kathleen Williams said President Trump's lawsuit against the IRS had been filed for an "improper purpose."
Investigation
Innocent bystander shot by police is one of dozens of cases nationwide
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.
Sources: FBI fires 2 analysts who raised concerns about Georgia 2020 election probe
The two analysts expressed concerns that the 2020 election investigation in Fulton County, Georgia, was thin on evidence, sources said.
U.S.
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First on CBS
Video shows NBA's Brandon Clarke stopped by police 6 weeks before his death
Arkansas police said they found bags of capsules containing a green powdery substance in Brandon Clarke's car, which he told them was kratom.
Sen. Lindsey Graham just died of aorta disease. My husband did too.
Lindsey Graham's aorta tore at 71. Grant Wahl's burst at 49. One is common and age-driven; the other is inherited, silent, and findable.
Sources: FBI fires 2 analysts who raised concerns about Georgia 2020 election probe
The two analysts expressed concerns that the 2020 election investigation in Fulton County, Georgia, was thin on evidence, sources said.
Investigation
Innocent bystander shot by police is one of dozens of cases nationwide
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.
AI companies are creating "generative ghosts" of deceased loved ones
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.
MoneyWatch
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AI companies are creating "generative ghosts" of deceased loved ones
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.
12 states sue to block Paramount-Warner Bros. Discovery merger
The suit poses a new challenge to the $110 billion deal that would unite two of the nation's largest media companies.
Millions of Americans take on debt and drain savings to afford food
A quarter of working-age adults use credit cards to purchase groceries but struggle to repay their debts, a new study finds.
High energy costs from Iran war heighten pressure on struggling farmers
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.
Bipartisan housing bill becomes law after Trump refuses to sign it
A landmark housing bill automatically became law overnight after President Trump declined to sign it.
Politics
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Military action against Iran formally restarted last week, Trump told lawmakers
President Trump formally notified Congress that "military action" against Iran restarted last week in a letter obtained by CBS News, as a monthslong ceasefire comes to an end.
Sources: FBI fires 2 analysts who raised concerns about Georgia 2020 election probe
The two analysts expressed concerns that the 2020 election investigation in Fulton County, Georgia, was thin on evidence, sources said.
Judge rebukes Trump and DOJ over IRS lawsuit in scathing decision
U.S. District Judge Kathleen Williams said President Trump's lawsuit against the IRS had been filed for an "improper purpose."
Who could replace Lindsey Graham in the Senate after his sudden death?
South Carolina Sen. Lindsey Graham's sudden death late Saturday has set off a scramble for who will succeed him in the Senate.
Darline Graham Nordone, Lindsey Graham's sister, appointed to fill Senate seat
South Carolina Gov. Henry McMaster announced his pick to fill the vacancy left by Sen. Lindsey Graham's death.
HealthWatch
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Sen. Lindsey Graham just died of aorta disease. My husband did too.
Lindsey Graham's aorta tore at 71. Grant Wahl's burst at 49. One is common and age-driven; the other is inherited, silent, and findable.
Common knee surgery may do more harm than good, 10-year study shows
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 works to destroy firefighting foam laced with cancer-linked PFAS
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.
Departments getting rid of firefighting 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.
U.S. citizen working in Congo tests positive for Ebola, CDC says
The Africa Centres for Disease Control and Prevention said the outbreak is the fastest-growing Ebola outbreak recorded on the continent.
World
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Music group "still shocked" after bandmates killed in small plane crash
Surviving members of the beloved Bahamian musical group Da Pond Band are speaking out about their friends who were killed when a small plane crashed in the Bahamas on Friday, killing 10 people.
Military action against Iran formally restarted last week, Trump told lawmakers
President Trump formally notified Congress that "military action" against Iran restarted last week in a letter obtained by CBS News, as a monthslong ceasefire comes to an end.
Astronomers discover sugar in space that's also found in raspberries
The sugar, called erythrulose, lurks in what's called the interstellar medium: thin clouds of gas and dust littered between stars.
British counterterrorism police lead probe into murder of politician
British counterterrorism police are now leading the investigation into the death of Ann Widdecombe after "new information and evidence" came to light.
Trump says U.S. reinstating Iran blockade in Strait of Hormuz
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.
Entertainment
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Entertainment
Mick Jagger on music and politics
Mick Jagger spoke with The New York Times recently about the role of politics in his music. Political strategists Erin Maguire and Dan Kanninen join "The Takeout" to discuss.
"Jurassic Park" star dies at 78
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.
Extended interview: Sean Evans
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.
Sam Neill, "Jurassic Park" and "The Piano" star, dies at 78
New Zealand actor Sam Neill, known for "Jurassic Park" and "The Piano," died Monday at 78, his family says.
7/12: Sunday Morning
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.
Technology
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AI companies are creating "generative ghosts" of deceased loved ones
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.
Family says they're forced to sell home to help power data centers
Georgia Power says building a new transmission line will require acquiring more than 300 parcels of land, including residential properties.
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.
Apple sues OpenAI, accusing ChatGPT maker of stealing trade secrets
Apple alleges that OpenAI and two of its employees stole trade secrets and engaged in a "pattern of misconduct."
AI slop floods social media, report says
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.
Science
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Science
Disclosure Foundation head on new UFO files
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.
Watch: Pentagon releases 19 new UFO videos
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.
2,000-year-old gold rings and human bones found by archaeologists
Archaeologists have discovered eight human skeletons, bronze and gold jewelry and other artifacts indicating a ceremonial burial of wealthy people.
Telescope spots most distant quasars ever discovered
Quasars — the brightest objects in the universe — are powered by supermassive black holes at the heart of early galaxies.
The American innovation that made millions of others possible
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.
Crime
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Crime
Police chase goes through Ohio golf course
Video from the Ohio State Highway Patrol shows the chaotic chase through a golf course for a suspect wanted in a stabbing last week in Ohio. Shanelle Kaul reports.
Investigation
Innocent bystander shot by police is one of dozens of cases nationwide
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.
Investigating police shootings of bystanders
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 lead probe into murder of politician
British counterterrorism police are now leading the investigation into the death of Ann Widdecombe after "new information and evidence" came to light.
Kansas woman convicted of double murder after three trials
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.
Space
More Space
Astronomers discover sugar in space that's also found in raspberries
The sugar, called erythrulose, lurks in what's called the interstellar medium: thin clouds of gas and dust littered between stars.
Telescope spots most distant quasars ever discovered
Quasars — the brightest objects in the universe — are powered by supermassive black holes at the heart of early galaxies.
Mission launched to rescue a falling space telescope
Katalyst Space's LINK spacecraft is designed to capture and boost NASA's Swift observatory back to a safe altitude.
NASA astronauts operate on space station's broken robot arm
The orbital surgery on the International Space Station returned the Canadian-built robot arm to full health after its "wrist" joint failed last month.
NASA prepares to launch rescue to save telescope from falling to Earth
The $30 million salvage operation gets underway as soon as this week with the planned launch of a robotic lifesaver.
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Notable Deaths in 2026
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Photos show celebrations at Obama Presidential Center
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 music highlights of 2026
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.
Evidence in the Barbara Kendhammer case
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Latest CBS News Videos
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GOP strategist on memories of Lindsey Graham
Sen. Lindsey Graham is being remembered for his wit and political effectiveness after his sudden death over the weekend. Republican strategist Matt Whitlock joins CBS News to discuss.
Details on newest U.S. strikes against Iran
The United States is carrying out a third night of airstrikes against Iran. CBS News national security analyst Aaron MacLean has more.
Breaking down the World Cup semi-finals
The World Cup is down to its final four teams with France taking on Spain in the first semi-final on Tuesday and England going up against Argentina on Wednesday. Lukas Weese, staff writer for the Athletic, joins CBS News to discuss.
Millions of Americans under heat alerts
Another dangerous heat dome that's been scorching the west is now expanding east. CBS News chief weathercaster Lonnie Quinn reports.
Third night of U.S. strikes against Iran
CENTCOM says the U.S. is carrying out a third consecutive night of strikes against Iran. CBS News' Kathryn Watson reports.