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.
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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.
According to the U.S. Labor Department, 339,000 jobs were added in May, much more than the 190,000 predicted by some economists. The unemployment rate rose to 3.7%. Lori Bettinger, president of BancAlliance and the former director of the TARP Capital Purchase Program at the Treasury Department, joins CBS News with her analysis of the numbers.
After a contentious week in Congress, the Senate passed the bipartisan fiscal responsibility act late Thursday 63-36, lifting the debt ceiling until 2025 and narrowly averting default. The bill will now head to President Biden's desk where he is expected to sign it as soon as possible and will address the nation today. Nikole Killion reports.
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.
As the new dining season kicks off, the cost of eating out is higher than ever. Across the country, menu prices have increased over the past year with the western region seeing the highest jump at nearly 10%. Gloria Dawson, the retail deputy editor at Insider, has more.
New evidence in the Trump classified documents case; Homebuyers feeling the pinch as mortgage rates increase.
The Labor Department released data Wednesday that shows there are almost two job openings for every person who has quit or been laid off. Martin Baccardax, senior editor and chief markets correspondent for TheStreet, joins CBS News to break down the latest job numbers.
House expected to vote on debt limit deal today; SpaceX Dragon capsule returns to earth.
Cash back, rewards points and delayed payment options can make credit cards seem extremely attractive, but they can lead to serious consequences if not monitored properly. NerdWallet Personal finance expert Kimberly Palmer has more on when you might want to consider a credit card hiatus.
This week on "Face the Nation with Margaret Brennan," the head of the Central Bank, Christine Lagarde, will talk about the economy. Plus, Democratic Sen. Mark Kelly joins us as the National Rifle Association wraps up.
According to Redfin, the median home sale price in April was down roughly 4% from last year. That's a decline of nearly $18,000. This follows record-high prices during the pandemic. James Rodriguez, a senior real estate reporter at Insider, joins CBS News to discuss.
While prices of many goods and services may be cheaper this summer when compared to last year, don't expect to see any dips in your power bills. Analysts say average electricity prices are expected to be at least 2% higher. Associate managing editor for CBS MoneyWatch Irina Ivanova has more.
After President Biden brokered a deal with Speaker McCarthy to raise the debt ceiling by $4 trillion, they spent the weekend trying to secure enough votes to pass the bill by the June 5 deadline. Scott MacFarlane reports.
Lawmakers are meeting Tuesday to discuss the debt limit deal struck between President Biden and House Speaker McCarthy over the weekend. CBS News congressional correspondent Scott MacFarlane and CBS News senior White House correspondent Weijia Jiang have more.
President Biden and House Speaker McCarthy both expressed optimism that they would be able to get their respective parties on board for the debt ceiling plan they negotiated. Natalie Brand has the latest.
A tentative agreement has been reached on a deal that would raise the debt limit and avert a government default. Scott MacFarlane takes a look at the backup plan in case lawmakers don't pass the bill.
The Dow Jones, the S&P 500 and the Nasdaq closed in the green Friday, as investors reacted to negotiators making progress in the debt ceiling standoff. Javier David, Axios managing editor for business and markets, and J.D. Durkin, host of TheStreet, joined CBS to explain what the numbers mean for investors and the economy.
New data shows the German economy has officially entered a recession. Paul Hannon, a business and finance reporter for the Wall Street Journal, joins CBS News with more.
Florida Gov. Ron DeSantis launches 2024 presidential campaign; high prices are hitting many Memorial Day travelers.
Debt solution not yet set as deadline approaches; Scott widens GOP 2024, is DeSantis or Suarez next?
Biden & McCarthy to meet on debt ceiling; What to expect from Sen. Tim Scott's 2024 bid
The White House and Republican congressional leaders are continuing to negotiate in an effort to prevent an unprecedented debt default, which could happen as soon as next week. House Democrats have signed a petition to raise the debt ceiling.
Florida Gov. Ron DeSantis is expected to declare his 2024 presidential run; one year since the Uvalde school massacre.
President Trump criticized Team USA freestyle skier Hunter Hess after he and other American athletes at the Milano Cortina Winter Games shared their thoughts on U.S. politics.
The Seattle Seahawks are taking on the New England Patriots Sunday in the 2026 Super Bowl. Get live updates here.
Savannah Guthrie released a new video on Saturday, saying her family is willing to pay for the safe return of their mother.
Lindsey Vonn, who came out of retirement to compete in the Milano Cortina Games, is in stable condition after her crash.
Democrat Chasity Verret Martinez defeated her Republican opponent in a district President Trump won by 13 points in 2024.
Team USA defended its Olympic figure skating team event gold medal on Sunday after Ilia "Quad God" ushered the team to victory at the Milan Cortina 2026 Winter Olympics.
Republicans and Democrats in Congress are locked in a standoff over reforming the nation's immigration enforcement operation as a deadline to reach a resolution and fund the Department of Homeland Security approaches.
British Prime Minister Keir Starmer's chief of staff, Morgan McSweeney, said he took responsibility for advising Starmer to appoint Peter Mandelson.
A whistleblower complaint includes highly-classified details about a National Security Agency intercept of a call between two foreign nationals who discussed a person close to President Trump, two sources said.
Rep. Tony Gonzales said the Dilley detention facility, the only immigration facility that houses children, is "nicer than some elementary schools."
Team USA defended its Olympic figure skating team event gold medal on Sunday after Ilia "Quad God" ushered the team to victory at the Milan Cortina 2026 Winter Olympics.
The Seattle Seahawks are taking on the New England Patriots Sunday in the 2026 Super Bowl. Get live updates here.
Republicans and Democrats in Congress are locked in a standoff over reforming the nation's immigration enforcement operation as a deadline to reach a resolution and fund the Department of Homeland Security approaches.
On this "Face the Nation with Margaret Brennan" broadcast, Sen. Mark Warner and Rep. Tony Gonzales join Margaret Brennan.
For over five centuries, Antwerp's diamond district has been the cornerstone of the global diamond trade. Now, that legacy is under strain.
Here's how much Bad Bunny is expected to earn from his halftime performance at Super Bowl LX.
Will Lewis, CEO and publisher of the Washington Post, has resigned just three days after the storied newspaper laid off about one-third of its staff.
Nexstar's acquisition of Tegna would bring together two companies with significant holdings in local broadcast media.
Though the commerce secretary has called his interactions with Epstein as "limited," the two were in business together four years after Epstein's 2008 guilty plea.
Rep. Tony Gonzales said the Dilley detention facility, the only immigration facility that houses children, is "nicer than some elementary schools."
Republicans and Democrats in Congress are locked in a standoff over reforming the nation's immigration enforcement operation as a deadline to reach a resolution and fund the Department of Homeland Security approaches.
On this "Face the Nation with Margaret Brennan" broadcast, Sen. Mark Warner and Rep. Tony Gonzales join Margaret Brennan.
The following is the transcript of the interview with Rep. Tony Gonzales, Republican of Texas, that aired on "Face the Nation with Margaret Brennan" on Feb. 8, 2026.
A whistleblower complaint includes highly-classified details about a National Security Agency intercept of a call between two foreign nationals who discussed a person close to President Trump, two sources said.
Becca Valle, then 37, enrolled in a cutting-edge clinical trial after surgery removed an aggressive tumor from her brain.
More than three dozen cases of death cap mushroom poisonings have been reported in California since November, health officials said.
Here's what to know about TrumpRx, including how it works, who can use it, and how much money it can save.
The Trump administration launched its new TrumpRx direct-to-consumer prescription drug listing site late Thursday, part of a push to offer medication at steep discounts.
The New Mexico Department of Health said officials believe the baby contracted listeria after their mother drank raw milk during pregnancy.
Juan Guanipa, one of the closest allies of opposition powerhouse María Corina Machado, had been held at a detention facility since May 2025.
The following is the transcript of the interview with Rep. Tony Gonzales, Republican of Texas, that aired on "Face the Nation with Margaret Brennan" on Feb. 8, 2026.
The following is the transcript of the interview with David Becker, executive director of the Center for Election Innovation and Research and a CBS News election law contributor, that aired on "Face the Nation with Margaret Brennan" on Feb. 8, 2026.
President Trump criticized Team USA freestyle skier Hunter Hess after he and other American athletes at the 2026 Winter Olympics shared their thoughts on U.S. politics.
The following is the transcript of the interview with Dr. Scott Gottlieb, former FDA commissioner, that aired on "Face the Nation with Margaret Brennan" on Feb. 8, 2026. Dr. Gottlieb also sits on the boards of Pfizer and United Health Care.
"Sunday Morning" remembers some notable people who left us this week, including singer LaMonte McLemore, a founding member of vocal group The 5th Dimension.
Don Henley acknowledges the Eagles are "kind of a staple" as they sell out shows at the Las Vegas Sphere and cement their status with the best-selling album of all time.
Singer-songwriter Don Henley reflects on the Eagles' decades-long career, the larger than life legacy of his late bandmate Glenn Frey, and the emotional moment he saw Frey's son Deacon perform in his father's place. He also emphasizes the importance of connecting with fans, saying "music is medicine. And people need some medicine right now."
Fifty years ago, the Eagles released their first "Greatest Hits" album, which became the best-selling of all time. The legendary rock band still performs to sold-out crowds today. Don Henley talks to Tracy Smith.
Faith Salie breaks down why HBO's "Heated Rivalry" is setting the internet on fire with its story of a secret romance between rival pro hockey players.
The FAA says it is collaborating with the FBI to detect, track and assess unauthorized drone activity at the Super Bowl.
Gamers across the world can now recreate drone strikes in Ukraine from the comfort of their own home, with this newly released game.
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.
CBS News business analyst Jill Schlesinger talks about how companies are using artificial intelligence, the discussion around the technology and how it's impacting the workforce.
Executives from Waymo and Tesla defended their self-driving vehicle technology in testimony before the Senate Commerce Committee on Wednesday. CBS News' Kris Van Cleave reports and Ian Krietzberg, an AI correspondent at the digital media company Puck, has more.
After decades monitoring polar bears in Norway's far north, researchers say the animals have proven incredibly adaptable, but there are no guarantees for the future.
Dark matter doesn't absorb or give off light so scientists can't study it directly. But they can observe how its gravity warps and bends the star stuff around it.
"CBS Saturday Morning" learns more about Veronika, the clever cow who figured out multiple ways to scratch herself with a broom. It was the first time a cow was seen using a tool.
"Sunday Morning" looks back at historical events on this date.
The Dinosaur National Monument, which is located on the border between Colorado and Utah, was last excavated in 1924.
Savannah Guthrie and her siblings posted a third video on Saturday, pleading for their mother's return after she went missing last week. Jonathan Vigliotti reports.
Connor Hilton, 17, said that after taking Accutane, a prescribed acne medication, he began to have suicidal and homicidal thoughts – thoughts that, his defense argued, led him to shoot two friends in the head at his Friendswood, Texas, home. Prosecutors weren't convinced.
Authorities said Friday they were inspecting an apparent new message relating to the disappearance of "Today" host Savannah Guthrie's mom, Nancy, after the family reported her missing from her home on Sunday.
Luigi Mangione had an outburst after a hearing on Friday in which the judge announced that his New York State trial will begin on June 8. CBS News legal reporter Katrina Kaufman is following the case.
Local and federal authorities said "investigators are actively inspecting the information provided in the message for its authenticity" regarding the disappearance of Nancy Guthrie.
The new crew will replace four station fliers who returned to Earth ahead of schedule last month due to a medical issue.
NASA's first crewed moon mission in more than 50 years has been delayed until March at the earliest. During a routine dress rehearsal of the launch, persistent liquid hydrogen leaks were discovered in the Artemis II rocket. CBS News space consultant Bill Harwood breaks it down.
NASA plans to test the planned leak repair with a second dress rehearsal fueling test later this month.
NASA delayed the Artemis II moon rocket launch after a hydrogen leak was found during a wet dress rehearsal, the agency announced Tuesday. CBS News senior space consultant Bill Harwood has the latest.
A NASA mission is underway to map the heliosphere, which is a huge protective bubble around the solar system that was created by the sun.
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.
Curling is the only sport played every day at the Winter Olympic Games and unlike other sports, the competitors usually are not full-time athletes. Ren Clayton catches up with two Minnesota sisters leading the U.S. team while balancing day jobs and their growing families.
New England Patriots owner Robert Kraft started a campaign in 2023 encouraging people to wear a small blue square with a hashtag. It's a symbol that started off challenging people to stand up to Jewish hate, but these days Kraft says it's meant to call out hate, in all of its forms. Jericka Duncan reports.
A federal judge ruled Department of Justice records related to the recent seizure of 2020 ballots and documents in Fulton County, Georgia, must be unsealed by Tuesday. Willie James Inman has more.
Lindsey Vonn's Olympic hopes were dashed Sunday by a devastating crash that forced her to undergo surgery for a broken leg. Seth Doane is in Cortina with the latest on her recovery and other news from the 2026 Winter Games.
The desperate search for Nancy Guthrie has stretched into an eighth day with a second ransom deadline fast approaching. The case has, so far, confounded authorities. Andres Gutierrez has more.