Small businesses concerned amid debt limit fight
Ninety percent of small business owners want the government to avoid default, according to one survey.
Janet Yellen
U.S. could default on debt as early as June 1
President Biden invited congressional leaders to a meeting next week to discuss the debt ceiling. Treasury Secretary Janet Yellen said the U.S. government might not be able to pay its bills by June 1 if Congress does not raise or suspend the debt limit. Nancy Cordes reports from the White House.
Fed decision on interest rates expected
A decision is expected Wednesday from the Federal Reserve on whether to raise interest rates again. CBS News reporter Sarah Ewall-Wice joined CBS News' Anne-Marie Green to discuss what to expect from the Fed and what Democratic lawmakers could do in regard to interest rates.
Yellen warns U.S. could default on debt as early as June 1
The treasury secretary moved up her estimate of when the U.S. risks defaulting on its debt.
Yellen: U.S. could default as early as June 1
Treasury Secretary Janet Yellen says the U.S. could run out of cash to pay its bills as soon as next month. In a letter sent to lawmakers Monday, Yellen said, "we will be unable to continue to satisfy all of the government's obligations by early June, and potentially as early as June 1, if Congress does not raise or suspend the debt limit before that time." CBS News congressional correspondent Scott MacFarlane has more.
Stocks close higher as banking fears ease
The stock market closed higher Wednesday, following the second day of congressional hearings on the Silicon Valley Bank collapse. Dory Wiley, the president and CEO of Commerce Street Holdings, joined CBS News to discuss what the hearings mean for investors.
3/16: Red and Blue
Janet Yellen testifies before Senate Finance Committee; Pence faces New Hampshire voters after criticizing Trump about Jan. 6.
Investors mull latest interest rate hike
CBS News business analyst Jill Schlesinger and J.D. Durkin, host of "The Street," join Errol Barnett and Elaine Quijano to discuss this week's market movers on Wall Street.
What to expect from today's Fed meeting
The Federal Reserve will decide whether it needs to boost interest rates again at a meeting Wednesday. Inflation still remains high, but the nation's recent banking crisis is causing concern over how the Fed should respond. CBS News senior White House and political correspondent Ed O'Keefe has more, and then Ann Berry, the founder of Threadneedle Strategies, joins CBS News to discuss the next steps for the Fed.
Yellen tries to ease concerns
Treasury Secretary Janet Yellen said the federal government is ready to give banks more support if needed. Wall Street Journal economic reporter Andrew Ackerman joins CBS News to discuss.
Stocks close higher ahead of Fed decision
Stocks closed higher Tuesday as Federal Reserve officials begin meeting to discuss inflation and potential interest rate hikes. Advisors Capital Management portfolio manager JoAnne Feeney joins CBS News to break down what upcoming changes could mean for investors.
White House tries to ease banking fears
The Federal Reserve is expected to announce another round of interest rate hikes while simultaneously dealing with a major banking crisis. Ed O'Keefe joins "CBS News Mornings" to explain how the White House is trying to ease concerns.
Investors are panicked over banks. Will the Fed make things worse?
Inflation's still high, but analysts warn that further rate hikes from the Fed could lead more more banks to topple.
Fed expected to raise interest rates again
The Federal Reserve is expected to announce another round of interest rate hikes on Wednesday. Colby Smith, U.S. economics editor for the Financial Times, joins CBS News to discuss how the Fed's potential decision is tied to the banking crisis.
Yellen: We have plan in place in case more banks fail
The treasury secretary says the plan would be set in motion if additional collapses trigger a run on banks.
Stocks rebound as Yellen testifies on banks
All three major stock indexes ended Thursday in positive territory. Treasury Secretary Janet Yellen testified before the Senate Banking Committee, and the nation's biggest banks committed $30 billion to shore up First Republic Bank. CBS News congressional correspondent Scott MacFarlane joins John Dickerson to discuss.
Yellen testifies on strength of banking system
Treasury Secretary Janet Yellen told a Senate hearing that the nation's banking system "remains sound" in the wake of the country's second largest bank collapse. And major banks committed $30 billion to shore up First Republic Bank. CBS News congressional correspondent Scott MacFarlane and CBS News chief foreign affairs correspondent and "Face the Nation" moderator Margaret Brennan join "Red and Blue" to discuss the latest on the banking situation.
Rescue plan announced for First Republic Bank
A group of 11 major banks were working on a $30 billion rescue plan for First Republic Bank on Thursday. Also, Treasury Secretary Janet Yellen told senators the banking system "remains sound" in the wake of the recent failures of Silicon Valley Bank and Signature Bank. Robert Schein, chief investment officer for Blanke Schein Wealth Management, joined Elaine Quijano and Lana Zak to discuss.
Large U.S. banks come to rescue of First Republic
Eleven large banks have agreed to provide $30 billion to California-based First Republic Bank, which has been struggling following last week's collapse of Silicon Valley Bank. This comes as Treasury Secretary Janet Yellen appeared before the Senate Finance Committee and tried to alleviate concerns regarding the viability of the U.S. banking system. Scott MacFarlane has the latest.
Yellen reaffirms strengths of banking system
U.S. Treasury Secretary Janet Yellen says the nation's banking system remains safe despite two regional banks collapsing in the past week. Her comments come as First Republic Bank shares plummeted to start the day. Bill Eisen, a banking reporter for the Wall Street Journal, joins CBS News to discuss what it for the U.S. banking system.
Yellen tells Senate panel nation's "banking system is sound"
"Americans can feel confident that their deposits will be there when they need them," the treasury secretary is expected to tell Congress Thursday.
U.S. backs deposits after bank collapse
Some regional banks halted trading Monday after the collapse of Silicon Valley Bank and Signature Bank. The federal government said depositors will not lose their money. CBS News national correspondent Errol Barnett reports on the fallout from Santa Clara, California.
Treasury Secretary Janet Yellen
Watch the full version of an interview with Treasury Secretary Janet Yellen that aired on March 12, 2023 on "Face the Nation with Margaret Brennan."
Regulators close New York's Signature Bank
All depositors will be made whole, the Federal Reserve, Treasury Department and FDIC said Sunday in a joint statement.
Yellen rules out bailout for SVB
Treasury Secretary Janet Yellen called the Silicon Valley Bank failure a "concern," but she emphasized that there would not be a bailout. "We're not going to do that again," she told "Face the Nation."
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