Yellen says China trip "has been successful" in forging relationships
Yellen believes her visit to Beijing created "opportunity for a deeper set of more frequent contacts," she said on "Face the Nation" Sunday.
Janet Yellen
Transcript: Treasury Secretary Janet Yellen on "Face the Nation," July 9, 2023
The following is a transcript of an interview with Treasury Secretary Janet Yellen that aired on "Face the Nation" on July 9, 2023.
Janet Yellen talks trade in China
CBS News foreign correspondent Ramy Inocencio has the latest world financial news, including expectations for Treasury Secretary Janet Yellen's meetings with Chinese officials and a spike in Americans visiting Europe.
Yellen's economic warning to China
U.S. Treasury Secretary Janet Yellen is calling on China to end what she calls "unfair economic practices" during a trip to Beijing, where she's having high-stakes meetings with senior Chinese officials. CBS News senior foreign correspondent Elizabeth Palmer is in the Chinese capital with more.
Yellen tells China U.S. "troubled by punitive actions" against business
Janet Yellen, in Beijing to meet Chinese officials and American businesses, stressed the U.S. desire to trade, but not at the expense of security.
Janet Yellen arrives in China
U.S. Treasury Secretary Janet Yellen arrived in China earlier Thursday morning. During her trip, she will meet with Chinese senior officials as well as U.S. firms doing business in the country. Her trip is part of an effort to relieve strained economic relations between the two world powers. CBS News senior foreign correspondent Elizabeth Palmer is following it all from Beijing.
Yellen lands in Beijing for high-stakes meetings
Treasury Secretary Janet Yellen is the second top-ranking Biden administration official to visit China in recent weeks.
Yellen arrives in China
U.S. Treasury Secretary Janet Yellen is in Beijing in an effort to revive relations between the U.S. and China. Yellen's trip is scheduled until July 9. Elizabeth Palmer reports.
U.S. to limit China's access to cloud services
The Biden administration is moving to restrict Chinese companies from accessing U.S. cloud-computing services ahead of Treasury Secretary Janet Yellen's trip to Beijing. Earlier this week, China imposed restrictions on the exports of two minerals used in advanced chip manufacturing. Robert Ross, non-resident fellow at the Quincy Institute, joins CBS News to discuss what the U.S. stands to gain from Yellen's visit.
Janet Yellen traveling to China
Treasury Secretary Janet Yellen is traveling to China in an attempt to ease tensions on a range of economic and security issues. CBS News reporter Sarah Ewall-Wice has more.
How Yellen's China trip may impact U.S. ties
Treasury Secretary Janet Yellen will visit China on Thursday as part of an ongoing push from the U.S. to try and stabilize relations with Beijing. Yellen will meet with senior Chinese officials and leaders of U.S. companies operating in China. CBS News reporter Sarah Ewall-Wice joins to discuss the main priorities of Secretary Yellen's visit.
Treasury Secretary Janet Yellen to go to China
Janet Yellen's trip comes on the heels of Secretary of State Antony Blinken's trip to China in June.
Debt ceiling deal's next steps — House sends bill to Senate
The House passed the bill to raise the debt ceiling Wednesday. Now, the Senate will take it up.
3/12: Face The Nation
This week on "Face the Nation with Margaret Brennan," an exclusive interview with Treasury Secretary Janet Yellen, plus Democratic Rep. Ro Khanna and House Foreign Affairs committee chair Republican Rep. Michael McCaul.
Estimated debt limit deadline moved to June 5
Treasury Secretary Janet Yellen announced Friday that the estimated deadline that the government could begin to default on its debts has been pushed back from June 1 to June 5, giving negotiators an extra four days to reach a deal on raising the nation's debt ceiling. House Speaker Kevin McCarthy has expressed optimism that it will get done in time. CBS News congressional correspondent Scott MacFarlane has the latest.
Estimated debt ceiling deadline pushed back
With the White House and Republican congressional leaders still negotiating a deal to raise the nation's debt ceiling, U.S. Treasury Secretary Janet Yellen provided some positive news Friday, when she pushed back the estimated deadline that the government could begin to default on its debts from June 1 to June 5. Scott MacFarlane has the latest.
Still no deal on debt limit
President Biden and congressional leaders met again Tuesday, but still have not reached a deal on raising the debt limit. Treasury Secretary Janet Yellen warns the U.S. may not be able to pay its bills as early as June 1. Ed O'Keefe reports.
Yellen sticks to June 1 as possible U.S. default date
Secretary Janet Yellen told Congress Monday that the Treasury Department has already seen borrowing costs "increase substantially" for securities maturing in early June.
Debt ceiling talks continuing between staffs
President Biden and congressional leaders postponed a meeting scheduled for Friday on the debt ceiling, but talks were ongoing between White House staff and aides to the lawmakers. CBS News reporter Sarah Ewall-Wice joined Anne-Marie Green to discuss the latest in the discussions.
What happens to Social Security if the U.S. breaches the debt ceiling?
Millions of Social Security recipients "need to be very careful" about spending because payments could be delayed, one expert said.
New economic data signals easing inflation
Economic data released Thursday shows that U.S. wholesale price increases decelerated in April and unemployment claims increased in the week ending May 6. Meanwhile, Treasury Secretary Janet Yellen warns that if the U.S. defaults on its debt, it could threaten the global economy. Jeanna Smialek, a Federal Reserve and economy reporter at the New York Times, joins CBS News to discuss.
Yellen: U.S. default would be a "catastrophe"
The treasury secretary also told G-7 finance ministers and central bank chiefs meeting in Japan that a first-ever U.S. default on its debts is "unthinkable."
Lawsuit filed against Yellen, calling debt limit law unconstitutional
A union representing federal employees is calling the law governing the debt limit unconstitutional in a new lawsuit.
McHenry on debt ceiling negotiations
Treasury Secretary Janet Yellen said last week that the U.S. could default on its debt obligations as soon as June 1. House Financial Services Committee chair Rep. Patrick McHenry says Republicans have no "red lines" in negotiations, "other than that we have to address our fiscal house at a time when federal spending is up more than 40% from pre-COVID levels."
Why the U.S. debt ceiling is unique
As Congress and the White House face down a deadline to raise the debt ceiling, the U.S. moves closer to a possible default. CBS News' Errol Barnett has a look at why the U.S. handles its debt differently than any other nation.
Internal emails show how RFK Jr.'s team sought to sway CDC
A trove of emails offers a new look at how the Centers for Disease Control and Prevention navigated some of the most controversial decisions of President Trump's second term.
Live
Iran strikes vessel in Strait of Hormuz amid debate over "transit fees"
The Islamic Revolutionary Guard Corps struck a cargo ship near Oman, further complicating the Iran-U.S. negotiations.
Billionaire Leon Black expected to testify Friday before House Epstein panel
An investor who employed and was close to Jeffrey Epstein is scheduled to appear before members of Congress investigating the deceased sexual abuser.
Race to find survivors after Venezuela's devastating twin earthquakes
The back-to-back earthquakes that hit Venezuela killed more than 230 people, and the toll is likely to keep rising as rescue and recovery operations ramp up.
Reflecting Pool liner was cut with knife or razor, parks official says
National Park Service official Frank Lands also said at least 70 fence post tops were thrown in to the Reflecting Pool.
U.S. men suffer first 2026 World Cup loss, 3-2 to Turkey before knockout round
The U.S. men's team had already clinched its spot in the Round of 32, the knockout round, with its 2-0 win over Australia on Friday.
How much water does AI really use?
The heaviest demand on America's water supply isn't data centers or AI. It's from everyday uses such as growing food, watering lawns and flushing toilets.
King Charles won't live in Buckingham Palace after $487 million renovation
The king and Queen Camilla have decided instead to continue living at nearby Clarence House, a smaller, stately home.
250 essential American songs to mark nation's birthday
What are the essential American songs? Ahead of the nation's 250th birthday, we asked that question to Sunday Morning's familiar faces, from performers to artists and writers to community leaders.
U.S.
More U.S.
U.S. men suffer first 2026 World Cup loss, 3-2 to Turkey before knockout round
The U.S. men's team had already clinched its spot in the Round of 32, the knockout round, with its 2-0 win over Australia on Friday.
LA investigating construction at warehouse involved in massive fire
Los Angeles building inspectors have launched an investigation into alleged unpermitted construction at a warehouse that erupted in flames last week — its second fire in two years.
Mangione's attorneys discussed possible plea deal but talks fell apart, sources say
Mangione is facing both state and federal charges for UnitedHealthcare CEO Brian Thompson's murder in December 2024. He has pleaded not guilty in both cases.
Judge orders DOJ to either unredact more Epstein files or explain why it can't
A judge on Thursday ordered the Justice Department to either release unredacted versions of several files on the late sex offender Jeffrey Epstein or explain why it can't do so.
How much water does AI really use?
The heaviest demand on America's water supply isn't data centers or AI. It's from everyday uses such as growing food, watering lawns and flushing toilets.
MoneyWatch
More MoneyWatch
Apple and Microsoft are raising their prices as chip costs soar
Apple is raising the prices of some MacBooks and iPads, while Microsoft is raising Xbox prices as semiconductor costs surge.
Big Tech is all in on AI. Now all they need is customers.
Technology companies are betting trillions of dollars that consumers will open their wallets for AI services. But what if Big Tech is wrong?
Supreme Court sides with Monsanto in case over cancer risks from weedkiller
The Supreme Court ruled that Monsanto cannot be held liable under state laws for failing to warn consumers about the alleged cancer risks of its weedkiller Roundup on its label.
Fed's preferred inflation gauge hits 3-year high
Inflation continued to rise in May, with the Personal Consumption Expenditures price index rising at an annual rate of 4.1%.
IBM unveils tech for higher-performance chips that use much less power
IBM has raised the curtain on semiconductor technology it says could deliver computer chips with 50 percent better performance while dramatically lowering power consumption.
Politics
More Politics
Billionaire Leon Black expected to testify Friday before House Epstein panel
An investor who employed and was close to Jeffrey Epstein is scheduled to appear before members of Congress investigating the deceased sexual abuser.
Internal emails show how RFK Jr.'s team sought to sway the CDC
A trove of emails offers a new look at how the Centers for Disease Control and Prevention navigated some of the most controversial decisions of President Trump's second term.
Judge orders DOJ to either unredact more Epstein files or explain why it can't
A judge on Thursday ordered the Justice Department to either release unredacted versions of several files on the late sex offender Jeffrey Epstein or explain why it can't do so.
Hundreds of veterans snag free World Cup tickets
A program for veterans, current military and first responders secured almost 5,000 free tickets for World Cup matches.
Just 2 votes separate candidates in mayoral race: "Every vote matters"
Christine Erickson is two votes ahead of Jamie Smith, the Minnehaha County Auditors and Elections Office said.
HealthWatch
More HealthWatch
Internal emails show how RFK Jr.'s team sought to sway the CDC
A trove of emails offers a new look at how the Centers for Disease Control and Prevention navigated some of the most controversial decisions of President Trump's second term.
Chris Evert announces her ovarian cancer has returned
American tennis legend Chris Evert announced that her ovarian cancer had returned in a social media post Thursday.
Democrats to propose bill capping out-of-pocket Medicare costs for enrollees
Some Senate Democrats want to cap the amount beneficiaries in traditional Medicare have to pay toward care, but the move is expected to draw GOP opposition for potentially adding billions to Medicare costs.
Medicare's AI push snarls patients and doctors in errors and delays
Medicare is testing the use of artificial intelligence to preapprove several healthcare services.
Confirmed Ebola cases in Congo top 1,000, deaths surpass 250, officials say
Confirmed Ebola cases in the outbreak in eastern Congo have reached 1,003, including 254 deaths, officials said, and tracing those who've been in contact with patients remains a major challenge.
World
More World
Race to find survivors after Venezuela's devastating twin earthquakes
The back-to-back earthquakes that hit Venezuela killed more than 230 people, and the toll is likely to keep rising as rescue and recovery operations ramp up.
King Charles will not live in Buckingham Palace after $487 million renovation
The king and Queen Camilla have decided instead to continue living at nearby Clarence House, a smaller, stately home.
U.S. men suffer first 2026 World Cup loss, 3-2 to Turkey before knockout round
The U.S. men's team had already clinched its spot in the Round of 32, the knockout round, with its 2-0 win over Australia on Friday.
Iran strikes ship in Strait of Hormuz in challenge to U.S.-Iran deal
Iran attacked a commercial vessel in the Strait of Hormuz on Thursday, a U.S. official confirmed, leading a United Nations agency to pause an evacuation effort.
Influencer faces possible execution in Dubai after allegedly fatally stabbing man
U.K. influencer Brooke George says a man she met online repeatedly assaulted her in the UAE, according to an advocacy group. Now she's facing possible execution for allegedly stabbing him to death.
Entertainment
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Entertainment
William Holden, Joseph Cotten mark bicentennial
In the lead-up to America's bicentennial in 1976, CBS aired brief segments featuring well-known figures of the time describing moments from early U.S. history. CBS News chief Washington correspondent Major Garrett introduces clips featuring legendary actors William Holden and Joseph Cotten.
New NYT reporting on Taylor Swift's wedding
The New York Times is reporting that Taylor Swift and Travis Kelce might tie the knot at Madison Square Garden. She has reportedly booked out the arena for the Fourth of July weekend, the rumored wedding date.
Taylor Swift wedding venue speculation fueled by MSG permit
There appear to be new clues about the location of Taylor Swift and Travis Kelce's wedding.
Essential American songs of last 250 years
For the United States' 250th birthday, Sunday Morning asked dozens of notable Americans, from Jason Alexander and Ken Burns to Misty Copeland, what they considered to be our country's essential songs. This is the Essential American Songbook: 90 contributors and 250 songs. Here's a sample.
250 essential American songs to mark nation's birthday
What are the essential American songs? Ahead of the nation's 250th birthday, we asked that question to Sunday Morning's familiar faces, from performers to artists and writers to community leaders.
Technology
More Technology
How much water does AI really use?
The heaviest demand on America's water supply isn't data centers or AI. It's from everyday uses such as growing food, watering lawns and flushing toilets.
Big Tech is all in on AI. Now all they need is customers.
Technology companies are betting trillions of dollars that consumers will open their wallets for AI services. But what if Big Tech is wrong?
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.
IBM unveils tech for higher-performance chips that use much less power
IBM has raised the curtain on semiconductor technology it says could deliver computer chips with 50 percent better performance while dramatically lowering power consumption.
U.S. aims to break AI reliance on China
The U.S. is trying to break the West's reliance on Chinese artificial intelligence supply chains with an international accord called Pax Silica. Its goal is to shore up supplies of essential components used in high-end computer chips, which power advanced AI models. CBS News coordinating producer Richard Escobedo has more.
Science
More Science
Astronomers find 2 gigantic planets lighter than cotton candy
The featherweight pair — orbiting a star 1,110 light-years away — are the biggest exoplanets found to have less density than cotton candy.
Ancient Egyptian burial site reveals centuries of changing traditions
Human and animal remains unearthed in Egypt's Nile Delta reveal changing funerary practices over some 600 years, and the evolution of a key site itself.
Telescope snaps most detailed photo yet of Milky Way's heart
Euclid is on a mission to chart one-third of the sky in the hopes of shedding light on the enduring mysteries of dark matter and dark energy.
Interstellar comet may be oldest object ever seen in solar system
Exactly where the comet 3I/ATLAS came from within the Milky Way remains a mystery.
6/21: Sunday Morning
Hosted by Lee Cowan. Featured: Birthright citizenship; the Theodore Roosevelt Presidential Library unveiled; Shooter Jennings releases recordings by his father, Waylon Jennings; comedian John Mulaney; childhood obesity; and the secrets of seahorses and seadragons.
Crime
More Crime
Crime
Lions player arrested on kidnapping charges
Terrion Arnold, a 23-year-old defensive player for the Detroit Lions and a former first-round pick and all-American at the University of Alabama, has been arrested on charges of armed robbery and kidnapping. He is denying it all. Tom Hanson reports.
Report of possible plea deal in Mangione case
Attorneys for Luigi Mangione are accusing prosecutors of trying to manipulate public opinion against him, and calling a report of a possible plea deal "troubling." CBS News' Anna Schecter has the latest.
Mangione's attorneys discussed possible plea deal but talks fell apart, sources say
Mangione is facing both state and federal charges for UnitedHealthcare CEO Brian Thompson's murder in December 2024. He has pleaded not guilty in both cases.
Influencer faces possible execution in Dubai after allegedly fatally stabbing man
U.K. influencer Brooke George says a man she met online repeatedly assaulted her in the UAE, according to an advocacy group. Now she's facing possible execution for allegedly stabbing him to death.
Prosecutors drop Harvey Weinstein's New York rape charge
New York prosecutors said they are dropping a rape charge against Harvey Weinstein instead of trying him for a fourth time.
Space
More Space
Astronomers find 2 gigantic planets lighter than cotton candy
The featherweight pair — orbiting a star 1,110 light-years away — are the biggest exoplanets found to have less density than cotton candy.
Telescope snaps most detailed photo yet of Milky Way's heart
Euclid is on a mission to chart one-third of the sky in the hopes of shedding light on the enduring mysteries of dark matter and dark energy.
Interstellar comet may be oldest object ever seen in solar system
Exactly where the comet 3I/ATLAS came from within the Milky Way remains a mystery.
Researchers find "Pink Planet" has salty clouds: "We were very surprised"
The "Pink Planet," formally known as GJ504b, was discovered in 2013 and is technically not a planet but rather a "planetary-mass companion."
NASA chief defends choice of all-male crew for Artemis III mission
NASA's Jared Isaacman says the crew was selected solely based on their experience, expertise and availability for flight assignment.
Latest Galleries
More Latest Galleries
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.
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.
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.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Who is Alix Tichelman?
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Latest CBS News Videos
More Latest CBS News Videos
Latest CBS News Videos
Full interview: Poland's Radek Sikorski
Polish Deputy Prime Minister Radek Sikorski speaks with CBS News' Aidan Stretch about the Russia's war in Ukraine, state of NATO, Ukraine-Poland relations and more.
Experts break down the Venezuela earthquakes
Geoscientists and other scientific and humanitarian experts spoke with CBS News about the deadly earthquakes that hit Venezuela on Wednesday.
Supreme Court rules on 2 immigration cases
The Supreme Court issued two major immigration decisions Thursday, including one that lifts deportation restrictions for thousands of Haitian and Syrian immigrants. CBS News legal contributor Jessica Levinson breaks them down.
Geo-technical expert on Venezuela earthquakes
Emergency crews are searching for survivors amongst the rubble after deadly back-to-back earthquakes in Venezuela. Martin Hudson, a geo-technical engineering expert, joins CBS News to discuss the rarity of the event.
Venezuelan airport outside Caracas reopens
People in northern Venezuela are racing against time to pull survivors from the rubble of collapsed buildings after a pair of powerful earthquakes hit the country on Wednesday. CBS News correspondent Cristian Benavides has the latest from Bogotá, Colombia. Then, CBS News meteorologist Darren Peck joins to examine the risk of aftershocks.