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."
Janet Yellen
Yellen rules out bailout for SVB: "We're not going to do that again"
The collapse of Silicon Valley Bank is the largest of a financial institution since the failure of Washington Mutual in 2008.
Open: This is "Face the Nation with Margaret Brennan," March 12
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.
Yellen calls Republican plan to prioritize payments "default by another name"
The Treasury Department has been using so-called extraordinary measures to keep paying the bills since the government hit the debt limit in January.
Russian forces intensify Bakhmut offensive
Russian forces are intensifying their offensive in eastern Ukraine as they attempt to encircle the mining city of Bakhmut. Ukraine's military says the situation on the ground is "extremely tense." CBS News foreign correspondent Imtiaz Tyab joined Anne-Marie Green on "CBS News Mornings" with the latest from Ukraine.
Biden to announce more sanctions on Russia
President Biden is expected to announce new sanctions on Russia, and administration officials are warning any countries that help Russia evade those economic sanctions will face consequences as well. Deputy Treasury Secretary Wally Adeyemo joins CBS News to explain the administration's plans, and why he's confident the sanctions are successful despite some saying there hasn't been the impact they had hoped.
Yellen describes "catastrophe" that will result if debt limit isn't raised
The treasury secretary warned household payments on mortgages and auto loans would go up, and other payments to military families and seniors would not be made.
Yellen: Defaulting on debt would be "catastrophe"
Treasury Secretary Janet Yellen told Axios a default would cause a financial crisis while President Biden and speaker of the house Rep. Kevin McCarthy are set to discuss raising the debt ceiling on Wednesday. CBS News reporter Sarah Ewall-Wice has more on where Republicans and Democrats stand.
Can the U.S. catch up to China and Russia's African outreach?
After decades of investment and blossoming ties with Beijing and Moscow, experts say "short-term courtship" of African nations simply won't suffice.
Protecting your money amid debt ceiling concerns
The United States hit its debt ceiling today as federal officials maneuver to avoid the country defaulting on its debts. Carol Schleif, chief investment officer of BMO Family Office, joined CBS News to discuss precautions Americans should take to protect their money.
Treasury takes action as U.S. hits debt ceiling
The U.S. officially reached the debt limit on Thursday, and the Treasury Department says it has begun taking "extraordinary measures" to maintain the full faith and credit of the United States. It sets up a showdown that could put the entire U.S. economy at risk. Scott MacFarlane has more.
Treasury enacts "extraordinary measures"
The Treasury Department announced Thursday the U.S. has hit its debt ceiling. It means the country has reached its borrowing limit and is in danger of possibly defaulting as soon as June. Cristian deRitis, deputy chief economist at Moody's Analytics, joined CBS News to discuss.
Analyzing the impact of hitting the debt limit
The U.S. hit its $31.4 trillion debt ceiling Thursday, prompting the Treasury Department to enact "extraordinary measures" to delay a default. CBS News congressional correspondent Scott MacFarlane reports from Capitol Hill, and CBS News business analyst Jill Schlesinger discusses what this could mean for the U.S. economy.
Here's when the U.S. could crash through the debt ceiling
Hitting "Date X" without raising the debt ceiling could lead the U.S. to default on its debt for the first time in its history.
U.S. hits debt ceiling limit
The Treasury Department announced the U.S. has hit its debt ceiling. The announcement means the country has reached its borrowing limit and is in danger of defaulting as soon as June. CBS News congressional correspondent Scott MacFarlane has more.
Looming debt ceiling crisis
U.S. Treasury Secretary Janet Yellen said last week that the nation will reach the debt limit on Thursday, prompting a slew of warnings from Wall Street analysts. Scott MacFarlane reports.
Debt limit standoff between Biden, House GOP
The U.S. is projected to hit its debt limit Thursday, and Treasury Secretary Janet Yellen is urging congressional leaders to raise the debt ceiling to ensure the U.S. doesn't default on its debts. The White House and House Republicans are at a standoff, with GOP leaders demanding spending cuts. CBS News congressional correspondent Scott MacFarlane joined John Dickerson to discuss the latest on the issue.
U.S., China urged to bridge "tectonic rift"
U.S. Treasury Secretary Janet Yellen met with her Chinese counterpart on Wednesday in Switzerland. CBS News anchors Lana Zak and Errol Barnett spoke with Amy Celico, a principal with the foreign policy firm Albright Stonebridge Group, about the state of U.S.-Chinese relations.
What does the debt ceiling mean for you?
The U.S. is expected to hit the debt ceiling on Thursday and trigger some emergency measures to avoid the risk of default. CBS News' Anne-Marie Green takes a look at how this may impact your finances.
Yellen meets with Chinese economic officials
Treasury Secretary Janet Yellen met with top Chinese economic officials in Switzerland Wednesday for over two hours. CBS News reporter Sarah Ewall-Wice joined Vladimir Duthiers and Anne-Marie Green to discuss the talks and what it means for the global economy.
Questions for White House on Biden documents
CBS News senior White House correspondent Weijia Jiang and CBS News congressional correspondent Scott MacFarlane join "Red and Blue" with the latest on the response to classified documents found at President Biden's home and former office, as well as concerns about the economy as the U.S. is set to hit the federal debt limit.
U.S. to reach debt limit on Thursday
The U.S. is expected to hit its debt borrowing limit in a couple of days. CBS News political director Fin Gomez covers has more on that and how the 2024 Republican presidential primary is shaping up.
U.S. to hit debt limit Thursday
Treasury Secretary Janet Yellen says the U.S. will hit its debt limit of $31.4 trillion Thursday. CBS News congressional correspondent Scott MacFarlane joins the show to discuss what's being said on Capitol Hill about the looming debt ceiling crisis.
Congress faces looming federal deb limit
As the U.S. nears its debt limit, House Republicans are calling for negotiations and federal spending caps. CBS News congressional correspondent Scott MacFarlane joined "Red and Blue" to discuss lawmakers' economic options, as well as the latest on the investigations into New York Rep. George Santos.
U.S. expected to hit debt limit this week
Treasury Secretary Janet Yellen warned that the country is on track to reach the debt limit, or the cap on how much money the federal government can borrow. CBS News congressional correspondent Scott MacFarlane joined Anne-Marie Green and Vladimir Duthiers to discuss the potential debt crisis and how Congress might respond.
Here's what needs to happen before oil starts flowing through Strait of Hormuz again
As the U.S.-Iran war nears the one-month mark, the fragile global oil market has emerged as a key weapon in Iran's arsenal.
DHS funding bill passes House, but shutdown drags on as Senate approves its own plan
The House passed a measure to fund DHS for 60 days — but it's still unclear how the shutdown will end as the Senate is on recess.
Live
Iran war rages, Strait of Hormuz still blocked as Trump pushes for a deal
The Trump administration is awaiting Iran's formal response to its 15-point peace proposal, as Tehran continues blocking the Strait of Hormuz.
Colombian navy says it shut down 30 drug labs, seized 2 tons of cocaine
The Colombian navy said it also seized thousands of gallons of smuggled fuel, preventing "the strengthening of illicit economies."
Republicans stand by Trump on Iran, but are split on how war could end
At this year's CPAC, many attendees toed a fine line between backing the war in Iran and worrying about how the conflict could expand.
12 tons of KitKat bars stolen in chocolaty heist in Europe, Nestle says
The truck, transporting 413,793 KitKat bars, was stolen during transit in Europe, Nestle said.
Tiger Woods charged with DUI after crash in Florida, authorities say
In 2021, Woods was seriously injured in a rollover crash in Rolling Hills Estates, a Los Angeles suburb.
10 Americans injured in Iranian attack on Saudi air base
Ten U.S. service members were injured in an attack on Prince Sultan Air Base in Saudi Arabia, according to multiple U.S. officials.
Bank of America reaches $72.5 million settlement in Epstein lawsuit
Bank of America has reached a $72.5 million settlement in a lawsuit that alleges the financial giant helped facilitate the sex trafficking operation of convicted sex offender Jeffrey Epstein.
U.S.
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Bank of America reaches $72.5 million settlement in Epstein lawsuit
Bank of America has reached a $72.5 million settlement in a lawsuit that alleges the financial giant helped facilitate the sex trafficking operation of convicted sex offender Jeffrey Epstein.
U.S. Tomahawks are being used in Iran war faster than stockpile is being refilled
The U.S. has used close to 1,000 Tomahawk missiles since June 2025 and has been procuring them at a rate of about 90 per year.
Artemis II astronauts arrive in Florida to prepare for launch to the moon
The Artemis II countdown will begin March 30, setting up a launch attempt on April 1 at 6:24 p.m. Eastern Time.
Tiger Woods charged with DUI after crash in Florida, authorities say
In 2021, Woods was seriously injured in a rollover crash in Rolling Hills Estates, a Los Angeles suburb.
Why seizing Iran's nuclear stockpile would be "one of the riskiest" missions
Seizing the highly enriched uranium would be more difficult and complex than anything U.S. Special Operations forces have ever attempted, military experts told CBS News.
MoneyWatch
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Bank of America reaches $72.5 million settlement in Epstein lawsuit
Bank of America has reached a $72.5 million settlement in a lawsuit that alleges the financial giant helped facilitate the sex trafficking operation of convicted sex offender Jeffrey Epstein.
Education Department tells 7.5 million SAVE borrowers to prepare for repayment
More than 7 million student loan borrowers who've been enrolled in a Biden-era repayment plan will receive notices with instructions to seek a new plan to repay their debt.
How soon will TSA lines return to normal after the shutdown ends?
The Department of Homeland Security said TSA agents should begin receiving pay as early as Monday, March 30.
Should you rely on AI to do your taxes? Experts warn of risks.
About 1 in 4 Americans are using AI chatbots to prepare their tax returns, but experts warn the tools can produce outdated or inaccurate guidance.
CBS News gas and oil price tracker shows how much energy costs are rising
As the war with Iran continues, CBS News is tracking gas and oil prices. Find out how much more it costs to fill up your tank or heat your house.
Politics
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Republicans stand by Trump on Iran, but are split on how war could end
At this year's CPAC, many attendees toed a fine line between backing the war in Iran and worrying about how the conflict could expand.
Here's what needs to happen before oil starts flowing through Strait of Hormuz again
As the U.S.-Iran war nears the one-month mark, the fragile global oil market has emerged as a key weapon in Iran's arsenal — and some shipping and insurance experts don't expect the situation to return to normal until the conflict winds down.
Education Department tells 7.5 million SAVE borrowers to prepare for repayment
More than 7 million student loan borrowers who've been enrolled in a Biden-era repayment plan will receive notices with instructions to seek a new plan to repay their debt.
U.S. Tomahawks are being used in Iran war faster than stockpile is being refilled
The U.S. has used close to 1,000 Tomahawk missiles since June 2025 and has been procuring them at a rate of about 90 per year.
10 Americans injured in Iranian attack on Saudi air base
Ten U.S. service members were injured in an attack on Prince Sultan Air Base in Saudi Arabia, according to multiple U.S. officials.
HealthWatch
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Hockey player diagnosed with Stage IV cancer at 26: "It was surreal"
David Lyon is one of the rising number of young adults to be diagnosed with colorectal cancer.
What to know about the "wild, wild West" of viral peptide claims
Here's what to know about peptides, what they can and can't do, and what's driving viral claims about possible health benefits online.
CDC's acting chief promises a return to stability in a tumultuous moment
Dr. Jay Bhattacharya, head of the National Institutes of Health and interim leader of the Centers for Disease Control and Prevention, told staff a permanent CDC director could be nominated soon. "I know that it has been such a difficult year," he said.
FDA says billionaire's claims about cancer drug Anktiva are misleading
Federal health officials posted a warning about misleading statements by biotech billionaire Dr. Patrick Soon-Shiong about his company's bladder cancer drug Anktiva.
More parents are refusing routine newborn preventative care, study finds
Doctors fear that skepticism, fueled by anti-science sentiment and mistrust, is extending beyond vaccines to other proven, routine care.
World
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Colombian navy says it shut down 30 drug labs, seized 2 tons of cocaine
The Colombian navy said it also seized thousands of gallons of smuggled fuel, preventing "the strengthening of illicit economies."
Pope Leo urges residents of Monaco to use wealth to do good
Leo became the first pope to visit the glitzy enclave since Pope Paul III went to Monaco in 1538.
12 tons of KitKat bars stolen in chocolaty heist in Europe, Nestle says
The truck, transporting 413,793 KitKat bars, was stolen during transit in Europe, Nestle said.
U.S. Tomahawks are being used in Iran war faster than stockpile is being refilled
The U.S. has used close to 1,000 Tomahawk missiles since June 2025 and has been procuring them at a rate of about 90 per year.
10 Americans injured in Iranian attack on Saudi air base
Ten U.S. service members were injured in an attack on Prince Sultan Air Base in Saudi Arabia, according to multiple U.S. officials.
Entertainment
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Entertainment
Billy Idol on his career highs and lows
Rockstar Billy Idol spoke to Anthony Mason about how he broke into music, why he says he's lucky to be alive and what it's like to be a grandparent.
How "Love Story" has captivated audiences
The finale of the FX series "Love Story" aired Thursday and has captivated audiences as it follows the romance between John F. Kennedy. Jr. and Carolyn Bessette Kennedy. The limited series focuses on well-documented moments in the couple's lives, but fills in the rest with fiction. It has also received some backlash. Adriana Diaz reports.
Savannah Guthrie on mom's disappearance
Savannah Guthrie is speaking out about her mom's disappearance as she prepares to return to the "Today" show. CBS News' Jonathan Vigliotti reports.
Netflix raises its subscription prices for the second time in 2 years
The price hike raises the cost of the standard plan with ads by $1 per month and the cost of the standard and premium plans by $2.
Savannah Guthrie is returning to "Today" show on April 6, NBC says
Savannah Guthrie stepped back from her NBC duties almost two months ago when her mother, Nancy Guthrie, disappeared. The investigation is ongoing.
Technology
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Technology
Judge blocks Pentagon's Anthropic risk label
A judge has temporarily blocked the Pentagon's attempt to designate Anthropic as a supply chain risk. CBS News legal contributor Jessica Levinson joins with analysis.
Kentucky family rejects millions for land
A mother and daughter in Kentucky have turned down a $26 million offer for their land. The offer came from an unnamed tech company wanting to build a data center. CBS News' Jared Ochacher spoke with the family.
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.
CBS News poll analysis on what jobs AI should be doing
As AI use rises, many see it decreasing the number of jobs available.
What jobs are most at risk from AI
New research from the Society of Human Resource Management shows which regions and jobs are most at risk from artificial intelligence. Johnny Taylor, president and CEO of SHRM, joins CBS News to discuss the findings.
Science
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Arctic sea ice hits lowest winter level as heat records are shattered worldwide
Arctic sea ice levels are crucial to Earth's climate because, without the ice reflecting sunlight, more heat energy goes into the oceans.
Sharks in Bahamas test positive for caffeine, painkillers, cocaine
Marine biologists found detectable levels of caffeine, cocaine and the over-the-counter painkillers in the blood of 28 sharks.
What to know about the "wild, wild West" of viral peptide claims
Here's what to know about peptides, what they can and can't do, and what's driving viral claims about possible health benefits online.
Amputee sea turtle being tracked at sea from space
The staff at a Florida sea turtle hospital is monitoring some animals they've rehabilitated from space -- especially amputees, such as one they named Amelie, who's back at sea.
600-year-old pinot noir grape seed found in medieval hospital
The seed reveals that people in France have been cultivating the popular variety of grape since at least the 1400s, scientists say.
Crime
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Colombian navy says it shut down 30 drug labs, seized 2 tons of cocaine
The Colombian navy said it also seized thousands of gallons of smuggled fuel, preventing "the strengthening of illicit economies."
12 tons of KitKat bars stolen in chocolaty heist in Europe, Nestle says
The truck, transporting 413,793 KitKat bars, was stolen during transit in Europe, Nestle said.
Tiger Woods charged with DUI after crash
Tiger Woods was charged with driving under the influence after a car crash in Jupiter, Florida, on Friday, authorities announced during a news conference. CBS News' Anna Schecter joins with more.
Loyola student murder suspect attends hearing
The man suspected in the murder of Loyola University freshman Sheridan Gorman had his detention hearing on Friday. CBS News reporter Ash-har Quraishi has the details.
Judge hears arguments in Fulton County case
A federal judge is hearing arguments on the Fulton County case involving alleged voting irregularities during the 2020 election. CBS News' Skyler Henry reports.
Space
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Space
Crew arrives ahead of Artemis II launch
Four NASA astronauts are gearing up for a historic mission to return humans to deep space for the first time in over 50 years. The crew touched down at the Kennedy Space Center in Florida on Friday for final preparations ahead of next week's planned Artemis II launch. CBS News space consultant Bill Harwood has more.
Final preparations underway for Artemis II launch
It's the dawn of a new lunar era for NASA, with the four-person Artemis II crew arriving Friday afternoon at Florida's Kennedy Space Center after spending two weeks quarantining in Houston. CBS News space contributor Christian Davenport joins "The Takeout" to preview the mission.
Artemis II astronauts arrive in Florida to prepare for launch to the moon
The Artemis II countdown will begin March 30, setting up a launch attempt on April 1 at 6:24 p.m. Eastern Time.
Artemis II crew arrives at Kennedy Space Center
The countdown is on for NASA's return to the moon. CBS News senior national correspondent Mark Strassmann reports on the upcoming Artemis II launch from the Kennedy Space Center in Cape Canaveral, Florida.
In a first, scientists observe a comet reversing its spin
The comet originated in the outer solar system and visits the inner solar system every 5.4 years.
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
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
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Latest CBS News Videos
The Uplift: An adoption story
A young boy, who showed to the hospital for a procedure alone, gets a happy ending when his doctor adopts him – and helps his siblings too. Plus, more heartwarming news.
What the Neighbors Saw | Post Mortem
"48 Hours" correspondents Natalie Morales and Peter Van Sant discuss the case of Gary Herbst, who was reported missing in 2014, and an exclusive interview with his convicted killer.
Team that appealed own victory gets award
A girls' basketball team appealed their victory after the coach discovered they didn't actually win. Now, they're being lauded for their character. Steve Hartman has the update.
What to watch as March Madness heads into Elite 8
By the end of the night, the NCAA men's March Madness tournament will be down to just eight teams left. Nate Burleson has a preview.
Trump says "substantial talks" with Iran underway
According to a statement from Iran's Revolutionary Guards, the Strait of Hormuz is closed, and they vowed a severe response to any ship trying to get through. That seemed to contradict President Trump's claim that Iran had allowed 10 ships through the Strait as a gift. Holly Williams has details.