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.
House votes to rein in Trump on Iran as war loses GOP support
In May, the Senate advanced a similar measure to force the president to end the prolonged conflict with Iran.
Trump expected to nominate Todd Blanche as permanent attorney general
President Trump is expected to nominate Acting Attorney General Todd Blanche to serve in the role permanently, several sources familiar with the matter told CBS News.
Live
Iran attacks Kuwait airport as Israel, Lebanon reach tentative ceasefire
Israel and Lebanon agreed Wednesday to renew their fragile ceasefire and create a number of "pilot" security zones inside Lebanon where Hezbollah would be banned.
Bessent testifies he told Pulte he was "going to kick his a**," not punch him
Bill Pulte, President Trump's pick for acting director of national intelligence, is being met with some skepticism on Capitol Hill.
Israel and Lebanon agree to renew ceasefire if Hezbollah cuts off attacks
The Israeli and Lebanese governments have agreed to implement a ceasefire, after weeks of deadly fighting between Israel and Hezbollah had imperiled broader negotiations between the U.S. and Iran to end their conflict.
Senate advances reconciliation bill, dropping ballroom funds
Senate Republicans moved forward with a package to fund the Department of Homeland Security's immigration agencies Wednesday.
Flesh-eating New World screwworm found in Texas calf, USDA says
The USDA said the only animal affected was a 3-week-old calf in Zavala County, Texas, after larvae were identified in its umbilical area.
SPLC asks judge to weigh sanctions against DOJ for sending out unsigned indictment copy
The Southern Poverty Law Center asked a judge to consider sanctioning federal prosecutors, after the DOJ shared an unsigned and unstamped copy of a superseding indictment with members of the media.
NASA reluctantly gives up on lost orbiter: "Best Mars mission ever"
NASA officials said the $582 million MAVEN orbiter could not be recovered after a problem on the far side of Mars late last year, and that its extraordinarily successful mission was at an end.
U.S.
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Ohio State reaches $100 million settlement over school doctor accused of sex abuse
The school has fought lawsuits in federal court since 2018 brought by former student athletes against the university over its failure to stop abuse by Dr. Richard Strauss.
Flesh-eating New World screwworm found in Texas calf, USDA says
The USDA said the only animal affected was a 3-week-old calf in Zavala County, Texas, after larvae were identified in its umbilical area.
NASA reluctantly gives up on lost orbiter: "Best Mars mission ever"
NASA officials said the $582 million MAVEN orbiter could not be recovered after a problem on the far side of Mars late last year, and that its extraordinarily successful mission was at an end.
Victim of "horrifying" Chelsea murder identified after 26 years
"Chelsea Jane Doe" has been identified as Tiffany Bradley of Pennsylvania.
American Airlines suspends 6 routes because of high jet fuel costs
American Airlines said it is temporarily cutting six routes amid rising jet fuel costs, including several flights to Los Angeles.
MoneyWatch
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American Airlines suspends 6 routes because of high jet fuel costs
American Airlines said it is temporarily cutting six routes amid rising jet fuel costs, including several flights to Los Angeles.
Ford recalls nearly 420,000 vehicles over faulty seat belts
Safety watchdog said seat belts in certain Ford Expedition and Lincoln vehicles may inadvertently lock, preventing them from functioning properly.
These are the best airlines in 2026, according to The Points Guy
The Points Guy's annual ranking gives extra weight to affordability this year as higher fuel costs and airline fees squeeze travelers.
Outback Steakhouse sued for $1.5M over alleged mashed potato slip-and-fall
A Virginia woman alleges she suffered serious injuries after slipping on what appeared to be mashed potatoes at an Outback Steakhouse.
Social Security checks could be cut by $500 a month in 2032, report finds
Beneficiaries would continue receiving payments if Social Security's trust fund is depleted, but checks could shrink by about 24%, according to a new report.
Politics
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Trump expected to nominate Todd Blanche as permanent attorney general
President Trump is expected to nominate Acting Attorney General Todd Blanche to serve in the role permanently, several sources familiar with the matter told CBS News.
SPLC asks judge to weigh sanctions against DOJ for sending out unsigned indictment copy
The Southern Poverty Law Center asked a judge to consider sanctioning federal prosecutors, after the DOJ shared an unsigned and unstamped copy of a superseding indictment with members of the media.
Israel and Lebanon agree to renew ceasefire if Hezbollah cuts off attacks
The Israeli and Lebanese governments have agreed to implement a ceasefire, after weeks of deadly fighting between Israel and Hezbollah had imperiled broader negotiations between the U.S. and Iran to end their conflict.
House votes to rein in Trump on Iran as war loses GOP support
In May, the Senate advanced a similar measure to force the president to end the prolonged conflict with Iran.
Connie Chan and Scott Wiener advance in race to succeed Pelosi, CBS News projects
Voters in San Francisco on Tuesday advanced San Francisco Supervisor Connie Chan and state Sen. Scott Wiener in the race to succeed former House Speaker Nancy Pelosi in California's 11th Congressional District, CBS News projects.
HealthWatch
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Upcoming billing change could make pregnancy pricier
Come January, pregnancy care physician billing codes will change from a bundled system to an à la carte one.
Possible flesh-eating screwworm case in Texas, USDA says
A possible case of the flesh-eating New World screwworm is being investigated in Texas, the USDA reported Wednesday.
WHO massively scales back number of suspected Ebola cases in Congo
While 330 Ebola infections are confirmed in central Africa and huge challenges remain, hundreds more suspected cases "have been cleared out," the WHO says.
Details on promising pancreatic cancer drug
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.
A nurse stole fentanyl and AI missed it, state records say
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.
World
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Israel and Lebanon agree to renew ceasefire if Hezbollah cuts off attacks
The Israeli and Lebanese governments have agreed to implement a ceasefire, after weeks of deadly fighting between Israel and Hezbollah had imperiled broader negotiations between the U.S. and Iran to end their conflict.
North Korea announces opening of a new nuclear facility
State media photos showed what appeared to be a large centrifuge hall, indicating the plant is likely used to enrich weapons-grade uranium.
House votes to rein in Trump on Iran as war loses GOP support
In May, the Senate advanced a similar measure to force the president to end the prolonged conflict with Iran.
8 bagged bodies found with note in narco-trafficking hotspot
The discovery comes in the midst of a U.S.-backed military crackdown on the organized crime gangs in Ecuador.
Scientists find yeast in frozen mummy's guts, use it to make bread
More than 5,300 years ago, Oetzi the Iceman was strolling through the Alps on the border of Austria and Italy when he was killed by an arrow in the back.
Entertainment
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Entertainment
Jon Hamm talks "Your Friends & Neighbors"
Jon Hamm previews "Your Friends & Neighbors" season 2 finale, saying "it is satisfying" and provides some answers for fans. He also talks about the relatability of the show's characters and reflects on "Mad Men."
André De Shields on Tony nomination
André De Shields speaks to "CBS Mornings" about starring in "Cats: The Jellicle Ball," which is a reimagining of Andrew Lloyd Webber's classical musical told through the lens of ballroom culture. De Shields talks about bringing ballroom to Broadway and his latest Tony nomination.
Tribeca at 25: NYC festival celebrates music, Broadway and New York stories
The 25th edition of the film and media festival opens on Wednesday, showcasing more than 100 world premiere documentaries and narrative features, as well as short films, live music, podcasts and conversations with leading entertainment figures.
Analyzing the YouTuber-to-filmmaker boom
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, singer known for Disney movie hits, dies at 75
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.
Technology
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Technology
ChatGPT user describes AI-fueled delusions
CBS News spoke with five people who say they were led to believe they had developed an emotional connection to an AI chatbot. They are now involved in a digital support group for people who say they experienced AI-fueled delusions or spirals. ChatGPT user Micky Small joins "The Daily Report" to share her experience.
OpenAI CEO meets with lawmakers on Capitol Hill
OpenAI CEO Sam Altman met with Republican and Democratic lawmakers on Wednesday to oppose proposals that would require developers to obtain government approval before releasing new artificial intelligence models. Jordan Rae Kelly, former director for cyber incident response on the National Security Council, joins with analysis.
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.
Microsoft VP explains its AI assistant Scout
Microsoft announced a slew of new AI products during its annual Microsoft Build developers conference in San Francisco. Scott Hanselman, a Microsoft vice president, speaks with CBS News about the product.
Meta unveils new AI business agent
Businesses can now expand their AI customer service with Meta's help. Senior technology reporter Abrar Al-Heeti joins CBS News to talk about that and some of the other big tech stories of the day.
Science
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El Niño could bring more widespread coral bleaching, NOAA warns
The expected arrival of El Niño this summer could trigger another mass coral bleaching event, which would be the fifth on record, researchers said.
Scientists find yeast in frozen mummy's guts, use it to make bread
More than 5,300 years ago, Oetzi the Iceman was strolling through the Alps on the border of Austria and Italy when he was killed by an arrow in the back.
Meteor lights up southern Michigan
Days after a meteor exploded over New England, another fireball was spotted, visible in the Midwest to the Northeast. Rob Marciano has more.
Ancient coin, mysterious markings found under Notre Dame cathedral
A team of archaeologists at the iconic cathedral is digging straight down and back in time, to Roman Paris 2,000 years ago.
NASA taps 2 companies to develop buggies for its moon base program
The FLEX Rover will be equipped to carry two astronauts and traverse hundreds of miles of lunar terrain.
Crime
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Ohio State reaches $100 million settlement over school doctor accused of sex abuse
The school has fought lawsuits in federal court since 2018 brought by former student athletes against the university over its failure to stop abuse by Dr. Richard Strauss.
Coast Guard searching in Lynette Hooker case
A team of specialized Coast Guard divers and investigators have been searching the Sea of Abaco in the Bahamas for missing Michigan mother Lynette Hooker. Cristian Benavides reports.
FBI kills hostage-taker in California
A 15-hour standoff at a bank building in Bakersfield, California, ended Wednesday after all hostages were freed and the suspect was killed by the FBI. Jonathan Vigliotti reports.
Details on suspect in bank hostage standoff
All hostages are safe and a suspect is dead after an hourslong standoff at a bank in California, police said on Wednesday. CBS News correspondent Carter Evans has the details.
Update on California hostage situation
Authorities in Bakersfield, California, offered details Wednesday on the hourslong standoff with a suspect who barricaded himself in a bank "with several community members," according to police. The situation ended early Wednesday when FBI personnel shot the suspect, authorities said.
Space
More Space
NASA reluctantly gives up on lost orbiter: "Best Mars mission ever"
NASA officials said the $582 million MAVEN orbiter could not be recovered after a problem on the far side of Mars late last year, and that its extraordinarily successful mission was at an end.
Blue Origin vows to resume New Glenn launches despite explosion
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.
NASA taps 2 companies to develop buggies for its moon base program
The FLEX Rover will be equipped to carry two astronauts and traverse hundreds of miles of lunar terrain.
Blue Origin assesses impact of New Glenn explosion
Blue Origin assess the impact of Thursday's New Glenn explosion, prompting concern about NASA moon program delays.
Blue micromoon makes rare appearance this weekend
A rare blue micromoon will appear in night skies this weekend. Here's what to expect.
Latest Galleries
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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.
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?
The life & near death of prizefighter Christy Salters-Martin
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Timeline: The disappearance of George Smith
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Who is Alix Tichelman?
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Latest CBS News Videos
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Latest CBS News Videos
ChatGPT user describes AI-fueled delusions
CBS News spoke with five people who say they were led to believe they had developed an emotional connection to an AI chatbot. They are now involved in a digital support group for people who say they experienced AI-fueled delusions or spirals. ChatGPT user Micky Small joins "The Daily Report" to share her experience.
U.S.-Iran tensions on rise
Over the past 24 hours, the U.S. and Iran have executed some of the most intense fighting since the ceasefire went into effect, and unlike other cases where military targets were hit, a civilian area came under fire. CBS News national security analyst Aaron MacLean has more.
State of primary ballot count in California
Election results from California's primary races were still coming in on Wednesday. CBS News' Anthony Salvanto has the latest on the races.
Video store sees new demand for VHS tapes, DVDs
A Brooklyn video store is going old school and it's drawing a new generation of movie fans. Evyn Moon shows how DVD and VHS are making a comeback as people trade algorithms for aisle browsing.
6/3: The Takeout with Major Garrett
House passes measure that would rein in Trump on Iran; Trump says Iran talks are ongoing despite recent attack.