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.
Minneapolis police chief fears possible "moment where it all explodes"
Minneapolis Police Chief Brian O'Hara says he worries about escalating tensions. But top ICE official Marcos Charles says his officers act "lawfully and with professionalism."
Trump links Greenland standoff with allies to perceived Nobel snub
As his standoff with America's closest allies escalates, President Trump says not getting the Nobel Peace Prize means he's no longer obligated "to think purely of Peace."
Valentino Garavani, iconic fashion designer, dies at age 93
Valentino Garavani's high-glamour gowns were fashion show staples for nearly half a century.
Powell to attend Supreme Court arguments over Trump's move to fire Lisa Cook
The Supreme Court will hear arguments on Wednesday over President Trump's attempt to fire Lisa Cook from the Federal Reserve's Board of Governors.
Iran says youths "deceived" into protesting can surrender for "leniency"
Iran's police chief says young people who joined protests were "deceived," and if they surrender within three days, they "will be treated with leniency."
Woman died after riding Revenge of the Mummy coaster at Universal Orlando
A Florida agency's latest report on theme park injuries says a woman died after becoming unresponsive on Universal Studios' Revenge of the Mummy roller coaster.
Chicken sold in 7 states recalled for potential listeria contamination
Thousands of pounds of ready-to-eat chicken products have been recalled due to potential contamination with listeria, officials say. The products were sold in 7 states.
High-speed train derailment kills dozens of people in Spain
Spanish police said Monday that at least 39 people died and 159 were injured in a high-speed train collision in southern Spain.
Norway princess's son, accused of raping 4 women, faces new charges
Marius Borg Hoiby, who is accused of raping four women, has been charged with new crimes, including a "serious narcotics offense," prosecutors said.
U.S.
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Powell to attend Supreme Court arguments over Trump's move to fire Lisa Cook
The Supreme Court will hear arguments on Wednesday over President Trump's attempt to fire Lisa Cook from the Federal Reserve's Board of Governors.
Are you a homeowner? See which tax deductions you might qualify for.
It will mostly be business as usual for homeowners this tax season. However, new changes introduced under the "big, beautiful bill" may affect how they file.
Woman died after riding Revenge of the Mummy coaster at Universal Orlando
A Florida agency's latest report on theme park injuries says a woman died after becoming unresponsive on Universal Studios' Revenge of the Mummy roller coaster.
Chicken sold in 7 states recalled for potential listeria contamination
Thousands of pounds of ready-to-eat chicken products have been recalled due to potential contamination with listeria, officials say. The products were sold in 7 states.
What's open and closed on Martin Luther King Jr. Day 2026?
Most stores on Monday are open during their regular business hours on Martin Luther King Jr. Day, with a few exceptions.
MoneyWatch
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Are you a homeowner? See which tax deductions you might qualify for.
It will mostly be business as usual for homeowners this tax season. However, new changes introduced under the "big, beautiful bill" may affect how they file.
What to know about the annual World Economic Forum meeting in Davos
Nearly 3,000 high-level participants from business, government and beyond are converging on the Swiss town of Davos for the annual meeting.
Chicken sold in 7 states recalled for potential listeria contamination
Thousands of pounds of ready-to-eat chicken products have been recalled due to potential contamination with listeria, officials say. The products were sold in 7 states.
What's open and closed on Martin Luther King Jr. Day 2026?
Most stores on Monday are open during their regular business hours on Martin Luther King Jr. Day, with a few exceptions.
Here are the hurdles Trump faces in his push for low interest rates and a friendly Fed
As the president prepares to replace Federal Reserve Chair Jerome Powell, he's made no secret of his goal for lower interest rates — but there are a few political roadblocks in the way.
Politics
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Powell to attend Supreme Court arguments over Trump's move to fire Lisa Cook
The Supreme Court will hear arguments on Wednesday over President Trump's attempt to fire Lisa Cook from the Federal Reserve's Board of Governors.
Trump links Greenland standoff with allies to perceived Nobel snub
As his standoff with America's closest allies escalates, President Trump says not getting the Nobel Peace Prize means he's no longer obligated "to think purely of Peace."
DOJ probing protesters group that disrupted services at church with ICE pastor
The Justice Dept. says it's investigating a group of protesters in Minnesota who disrupted services at a church where a local ICE official apparently serves as a pastor.
Trump admin's claims of "reverse discrimination" upend DOJ Civil Rights Division
A Trump administration initiative is upending 60 years of efforts by the federal government to prevent discrimination against minority groups in the U.S.
Full transcript of "Face the Nation with Margaret Brennan," Jan. 18, 2026
On this "Face the Nation with Margaret Brennan" broadcast, DHS Secretary Kristi Noem and Minneapolis Mayor Jacob Frey join Margaret Brennan.
HealthWatch
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HealthWatch
Doctor's tips to help dry winter skin
Dr. Rachel Nazarian, a board-certified dermatologist, joins "CBS Mornings" to share her tips for saving your dry winter skin.
Tylenol not linked to autism, new study shows
A review of studies published in The Lancet found no link between acetaminophen use during pregnancy and autism, contradicting the Trump administration's recent claims.
Woman gets her life back after rare transplant: "Prepared for the worst"
Lacy Cornelius Boyd needed IV nutrition and an ileostomy bag after a devastating car crash. A rare transplant was her only option.
Study finds no link between Tylenol and autism
A new analysis of dozens of peer-reviewed medical studies found no link between the use of Tylenol during pregnancy and diagnoses of autism, ADHD or intellectual disabilities in children.
New study: Tylenol in pregnancy is not linked to autism or ADHD
"It's as definitive as we're going to get," CBS News medical contributor Dr. Céline Gounder said of the new research, which found no connection between Tylenol and autism or ADHD.
World
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Valentino Garavani, iconic fashion designer, dies at age 93
Valentino Garavani's high-glamour gowns were fashion show staples for nearly half a century.
Iran says youths "deceived" into protesting can surrender for "leniency"
Iran's police chief says young people who joined protests were "deceived," and if they surrender within three days, they "will be treated with leniency."
Norway princess's son, accused of raping 4 women, faces new charges
Marius Borg Hoiby, who is accused of raping four women, has been charged with new crimes, including a "serious narcotics offense," prosecutors said.
What to know about the annual World Economic Forum meeting in Davos
Nearly 3,000 high-level participants from business, government and beyond are converging on the Swiss town of Davos for the annual meeting.
Prince Harry in U.K. for court case accusing tabloids of illegal snooping
The publisher of the Daily Mail tabloid denies claims by Prince Harry and other celebrities of "unlawful information gathering."
Entertainment
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Entertainment
Billy Bob Thornton on "Landman" popularity
Billy Bob Thornton joins "CBS Mornings" to discuss the second season of the hit series "Landman," which he stars in as oil executive Tommy Norris. Thornton talks about his immediate chemistry with Ali Larter and why the show resonates with viewers.
Prince Harry in U.K. for court case accusing tabloids of illegal snooping
The publisher of the Daily Mail tabloid denies claims by Prince Harry and other celebrities of "unlawful information gathering."
Judd Apatow on comic genius Mel Brooks: "Probably the funniest person of all time"
As a young boy, Judd Apatow says he wanted to grow up to be like the director of such classics as "Blazing Saddles" and "Young Frankenstein." Now Apatow has co-directed a two-part HBO Max documentary about his idol: "Mel Brooks: The 99 Year Old Man!"
Judd Apatow on comic genius Mel Brooks
As a young boy, Judd Apatow says he wanted to grow up to be like Mel Brooks, the filmmaker of such comedy classics as "Blazing Saddles" and "Young Frankenstein." Now Apatow has co-directed a two-part HBO Max documentary about his idol, "Mel Brooks: The 99 Year Old Man!" Apatow talks with Tracy Smith about the World War II veteran who broke comedy taboos by lampooning Nazis and racists, and about Brooks' long friendship with another comic legend, Carl Reiner.
Stellan Skarsgård on acting: "It is like being a child … you never grow up"
The Swedish actor has been in 150 films and TV shows, from "Breaking the Waves" and "Mamma Mia!" to "Andor." He talks about his Golden Globe-winning performance in "Sentimental Value," playing a filmmaker-father trying to reconcile with his actress-daughters.
Technology
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Technology
Almanac: January 18
"Sunday Morning" looks back at historical events on this date.
Palantir develops app to help ICE: 404 Media
A new investigative report by 404 Media says ICE agents have a new high-tech way to zero in on neighborhoods to raid. The report says it's an app called Elite, powered by Palantir. Joseph Cox, an investigative journalist at 404 Media, discusses his reporting on CBS News.
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.
OpenAI to start testing ads on ChatGPT in the coming weeks
The ads will appear at the bottom of the chat window on the free and low-subscription versions of ChatGPT, OpenAI said Friday in a blog post.
Mother of Musk child sues over deepfake images
Elon Musk is facing a lawsuit from Ashley St. Clair, with whom he shares a child, over deepfakes of her undressed made by his AI chatbot Grok. CBS News legal contributor Jessica Levinson joins with analysis.
Science
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Science
Almanac: January 18
"Sunday Morning" looks back at historical events on this date.
Fossils found at Dinosaur National Monument, first excavation in 100 years
The Dinosaur National Monument, which is located on the border between Colorado and Utah, was last excavated in 1924.
Dogs can learn by eavesdropping: study
Have you ever wondered if your dog is eavesdropping on you? A new study published in the Journal of Science found that some dogs are not only listening, but are also learning words. Lead scientist Dr. Shany Dror joins CBS News to discuss.
Fossils found in cave shed light on where our species emerged
Fossilized bones and teeth dating to 773,000 years ago are providing a deeper understanding of the emergence of Homo sapiens.
The history and mystery of kissing
If you rang in the new year with a kiss, you took part in a tradition millions of years in the making. Scientists now say the origins of kissing go back much farther than most think. CBS News' Tina Kraus has more.
Crime
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Crime
Legal analysis on DOJ Minnesota probe
U.S. officials tell CBS News that the Justice Department has opened an investigation into Minnesota Gov. Tim Walz and Minneapolis Mayor Jacob Frey. CBS News legal contributor Jessica Levinson has more.
Norway princess's son, accused of raping 4 women, faces new charges
Marius Borg Hoiby, who is accused of raping four women, has been charged with new crimes, including a "serious narcotics offense," prosecutors said.
Prince Harry in U.K. for court case accusing tabloids of illegal snooping
The publisher of the Daily Mail tabloid denies claims by Prince Harry and other celebrities of "unlawful information gathering."
8 police officers killed in Guatemala after prison crackdown on gangs
The killings occurred a day after gang member inmates took 46 people hostage in three prisons across the country, officials said.
Libyan man in Minnesota for treatment for rare skin condition detained by ICE
Hani Duglof and his brother Mohamad Duklef left Libya more than a decade ago, unable to find relief for a rare condition that threatens to leave their skin torn and blistered at even the slightest provocation.
Space
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Space
NASA's Artemis II mission clears big hurdle
Inch by inch, NASA's Artemis II moon rocket lumbered along its four-mile commute from the Vehicle Assembly Building to launch pad 39-B. Mark Strassmann is at the Kennedy Space Center in Florida with more.
NASA hauls Artemis II moon rocket to launch pad for February flight
Four Artemis II astronauts plan to fly around the moon and back next month, traveling farther from Earth than any humans before them.
NASA begins Artemis II rollout to launchpad
NASA is beginning its rollout of its Space Launch System rocket and Orion spacecraft as preparations for the Artemis II mission enter their final stage.
NASA moon rocket ready for trip to launch pad
Depending on the timing, NASA could launch a fresh crew to the space station while four other astronauts are flying around the moon.
Countdown to new lunar mission
NASA says it could be just weeks away from launching astronauts on a flight around the moon for the first time in more than half a century. Final preparations are underway at Kennedy Space Center in Florida, where the Artemis II moon rocket is expected to roll out to the launch pad on Saturday.
Latest Galleries
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Notable Deaths in 2025
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
Latest on Minneapolis ruling on ICE tactics
A judge ruled Friday that federal agents are not allowed to use pepper spray against peaceful protesters or arrest them without probable cause. The Trump administration has not yet responded. Meanwhile, the Justice Department launched an investigation into Minnesota Gov. Tim Walz and Minneapolis Mayor Jacob Frey, officials say. CBS News immigration reporter Camilo Montoya-Galvez has more.
Greenlanders protest Trump's threats
Greenlanders protested President Trump's proposed U.S. acquisition of the Arctic island. Meanwhile, Mr. Trump threatened tariffs against European allies who don't support his plan. CBS News' Olivia Gazis has more.
Iran internet still down
Iranian leaders are reportedly considering lifting the internet ban put in place, but communication is still difficult for people inside the country. CBS News Middle East reporter Courtney Kealy has the latest.
Legal analysis on DOJ Minnesota probe
U.S. officials tell CBS News that the Justice Department has opened an investigation into Minnesota Gov. Tim Walz and Minneapolis Mayor Jacob Frey. CBS News legal contributor Jessica Levinson has more.
Expert on Trump's threats over Greenland
President Trump is being accused of blackmail by European nations who are opposing his push for the U.S. to take over Greenland. Steve Hanke, an applied economics professor at Johns Hopkins University, joins CBS News with more insight.