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.
Live
Pentagon identifies 4th service member killed as U.S.-Iran war escalates
The U.S. launched another night of strikes on Iran after four U.S. soldiers were killed in Jordan and Iraq in recent days.
Iran war has cost $37.5 billion, Hegseth says, as conflict escalates
Defense Secretary Pete Hegseth said the administration estimates that the Iran war has cost $37.5 billion since it began in late February.
Tropical Storm Bertha strengthens, threatening Gulf Coast. See its path.
Tropical Storm Bertha is the second named storm of the Atlantic hurricane season.
Deadly attack on U.S. forces in Jordan part of evolving Iranian tactics
A retired Jordanian general tells CBS News Iran is "developing techniques and capacities" to target U.S. forces with increasing lethality.
Software error improperly registered 6,600 noncitizens to vote, N.J. gov. says
New Jersey Gov. Mikie Sherrill said a preliminary analysis showed that fewer than 400 of the people registered that way went on to cast ballots.
3 soldiers killed in Iran strike on base in Jordan were from Texas, Hawaii, N.Y.
U.S. forces launched a new round of airstrikes against Iran at the direction of President Trump following the deaths of three U.S. soldiers in an Iranian strike in Jordan.
Key Arizona primaries to watch today
Arizona has traditionally been a red state, and six of its nine House representatives are Republicans.
Democratic lawmakers slam Trump "vanity projects" in shadow hearing
Lawmakers hammered the president for bulldozing norms in pursuit of his construction goals and imposing his likeness on buildings, coins and passports.
Here's how much wealth you need to thrive, based on your age
Three in four American households lack the wealth to weather financial setbacks and achieve major life milestones.
U.S.
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Democratic lawmakers slam Trump "vanity projects" in shadow hearing
Lawmakers hammered the president for bulldozing norms in pursuit of his construction goals and imposing his likeness on buildings, coins and passports.
Mexican man killed by truck after ICE encounter was on vacation, officials say
Juan Jairo Coronilla Durán, 28, died July 14 after authorities said he darted across a busy road in St. Augustine, Florida, and into the path of a truck.
Ex-U.S. attorney in Seattle sues Trump over firing
Roger Rogoff was fired from his role as U.S. attorney in Seattle shortly after judges on the U.S. District Court for the Western District of Washington appointed him to the job.
More Americans report shoplifting as inflation climbs, survey finds
Thirty percent of respondents said they shoplifted this year, with most citing affordability concerns and financial hardship.
Senate committee advances Clayton's nomination for intelligence chief
The Senate Intelligence Committee advanced Jay Clayton's nomination for director of national intelligence, despite opposition from Democrats.
MoneyWatch
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More Americans report shoplifting as inflation climbs, survey finds
Thirty percent of respondents said they shoplifted this year, with most citing affordability concerns and financial hardship.
GLP-1s are linked to a 17% drop in worker sick leave, new study finds
Here's how weight-loss drugs like Ozempic and Wegovy could reduce worker illness and save companies money.
Here's how much wealth you need to thrive, based on your age
Three in four American households lack the wealth to weather financial setbacks and achieve major life milestones.
Novo Nordisk sues Eli Lilly, accusing it of false advertising
The lawsuit alleges that Eli Lilly misled consumers by using outdated clinical trial data to make its drugs appear more effective than Novo's.
Ford recalls nearly 388,000 vehicles over seat issue
The recall affects certain 2020-2027 Aviator and 2020-2026 Explorer vehicles.
Politics
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Democratic lawmakers slam Trump "vanity projects" in shadow hearing
Lawmakers hammered the president for bulldozing norms in pursuit of his construction goals and imposing his likeness on buildings, coins and passports.
Mexican man killed by truck after ICE encounter was on vacation, officials say
Juan Jairo Coronilla Durán, 28, died July 14 after authorities said he darted across a busy road in St. Augustine, Florida, and into the path of a truck.
Ex-U.S. attorney in Seattle sues Trump over firing
Roger Rogoff was fired from his role as U.S. attorney in Seattle shortly after judges on the U.S. District Court for the Western District of Washington appointed him to the job.
Software error improperly registered 6,600 noncitizens to vote, N.J. gov. says
New Jersey Gov. Mikie Sherrill said a preliminary analysis showed that fewer than 400 of the people registered that way went on to cast ballots.
Senate committee advances Clayton's nomination for intelligence chief
The Senate Intelligence Committee advanced Jay Clayton's nomination for director of national intelligence, despite opposition from Democrats.
HealthWatch
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GLP-1s are linked to a 17% drop in worker sick leave, new study finds
Here's how weight-loss drugs like Ozempic and Wegovy could reduce worker illness and save companies money.
Melinda French Gates on perimenopause: It took 3 doctors to diagnose me
Melinda French Gates talked about menopause and her philanthropic focus on women's health in the debut episode of Norah O'Donnell's "Healthful" podcast.
Melinda French Gates on perimenopause
Melinda French Gates recalled to Norah O'Donnell on "Healthful" that she started getting perimenopause symptoms in her early 40s. "I kind of couldn't believe it because I just finished having my last child in my late 30s," French Gates said. French Gates added it took three doctors to diagnose her symptoms and to get her the right treatments.
FDA says it's still investigating Taylor Farms
The FDA says Taylor Farms lettuce is still the focus of their ongoing cyclospora investigation, despite a false positive test announced Sunday. Carter Evans reports.
Severely ill prisoners granted early release are left stuck behind bars
Prisoners with severe medical conditions can be granted compassionate release, but without a long-term care facility willing to accept them, many continue to wait in prison as their conditions worsen.
World
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Zelenskyy replaces Ukraine's top general after days of protests
Ukraine's President Volodymyr Zelenskyy announced that he will replace the commander-in-chief of the armed forces as a government shakeup continues.
Cocaine worth $285 million found hidden in banana shipment
Some 1,700 pounds of cocaine was concealed in a refrigerated container from Ecuador among dozens of pallets of bananas, police said.
Deadly attack on U.S. forces in Jordan part of evolving Iranian tactics
A retired Jordanian general tells CBS News Iran is "developing techniques and capacities" to target U.S. forces with increasing lethality.
U.S. soldier killed in Iraq identified as 30-year-old from North Carolina
Sgt. Michael Emmanuel Swinton, 30, of North Carolina, was "decommissioning ammunition and an accident happened," Secretary of State Marco Rubio said.
Tourists stabbed near famed Acropolis in Athens, Greece
A man stabbed two tourists near the ancient Acropolis in Athens, Greece's top tourist attraction, police said.
Entertainment
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Entertainment
Inside the cameras used for "The Odyssey"
Christopher Nolan's "The Odyssey" has made history as the first feature-length film shot entirely on 70mm IMAX cameras. Jay Holben, technical editor for the American Cinematographer, joins CBS News to discuss.
Kaylee Hottle, actress in "Godzilla vs. Kong," dies at 18 in car crash
Kaylee Hottle, an Atlanta-born actress known for her role in the "Godzilla" film franchise, has died following a crash in Maryland.
Josh Duhamel talks "Ransom Canyon"
Josh Duhamel talks with "CBS Mornings" about starring in "Ransom Canyon," how much he knew about ranch life before the show and his growing family.
Oprah expanding her podcast
Oprah Winfrey announced she's expanding her podcast, "The Oprah Podcast." Starting on Tuesday, two new episodes will drop weekly. She spoke to "CBS Mornings" co-host Gayle King about her decision and revealed more about the guests she's had appear on the podcast.
Judge temporarily halts Paramount-Warner Bros. Discovery merger
The ruling comes after a coalition of 12 states sued to block the deal, arguing it would harm consumers and the entertainment industry.
Technology
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Technology
Exclusive discounts from CBS Mornings Deals
On this edition of CBS Mornings Deals, we show you items that will help improve your everyday lifestyle. Visit cbsdeals.com to take advantage of these exclusive deals today. CBS earns commissions on purchases made through cbsdeals.com.
Can you spot an AI image? Quiz shows how difficult it has become.
An AI expert said the telltale signs people once relied on, such as distorted fingers, unnatural eyes, or other obvious visual flaws, have largely disappeared as technology has improved.
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.
Erin Brockovich on data center regulation
New York is now the first state to temporarily ban data center construction, paving the way for others to follow suit. Environmental advocate Erin Brockovich joins "The Takeout" to discuss.
Mayor to homeowner losing sleep over data center plant: "Consider selling"
Noise from a Mississippi plant powering Elon Musk's xAI data centers in the area is causing migraines, ringing ears and sleepless nights, residents say.
Science
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Science
Wildfire smoke continues to shroud U.S.
Millions of people are enduring dangerous air quality as Canadian wildfire smoke shrouds the skies. Jonathan Overpeck, dean of the School for Environment and Sustainability at the University of Michigan, explains how climate change is worsening wildfires.
How AI data centers impact the environment
New York has become the first state to impose a temporary moratorium on data center development while state lawmakers lay the groundwork to assess environmental and social impacts. Dr. Mike Weinstein, the director of sustainability at Southern New Hampshire University, explains what we know about the wider environmental impact data centers.
Russian Soyuz rocket launches fresh crew to space station
The new crew will replace three other Soyuz fliers wrapping up a 240-day stay aboard the International Space Station.
Astronomer's name deciphered from ancient Mayan ruins for first time
The name "White-chested Fox" was found in drawings dating from 400 BC to 900 AD at the San Bartolo-Xultun archaeological site.
Disclosure Foundation head on new UFO files
The Pentagon on Friday released a new batch of UFO files, spanning 19 videos and more. Jordan Flowers, executive director of the Disclosure Foundation, joins CBS News to discuss.
Crime
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Crime
Timeline of NYC federal building explosion
A veteran was arrested for allegedly setting off fireworks and starting a fire in front of a Manhattan building that houses several federal offices, including ICE, the FBI says. CBS News' Anna Schecter shares more details.
Cocaine worth $285 million found hidden in banana shipment
Some 1,700 pounds of cocaine was concealed in a refrigerated container from Ecuador among dozens of pallets of bananas, police said.
Tourists stabbed near Acropolis in Athens
Two Greek American tourists were stabbed near the Acropolis in Athens, Greece, police said. CBS News' Anna Coren has more.
Details emerge on suspect in NYC fire
More details are emerging about the Army veteran accused of starting a fire outside a federal building in lower Manhattan on Monday. CBS News' Tom Hanson has more.
Details of suspect in NYC explosion
A U.S. Army veteran was arrested after he set off fireworks and started a fire outside of a Manhattan building, which houses federal agencies, including ICE, the FBI said. CBS News' Anna Schecter has more details.
Space
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Meteorite that hit home contains "alien world chemistry," experts say
When scientists examined the preserved fragments of a meteorite that crashed in 2024, they found brine-like fluids and key molecules.
Russian Soyuz rocket launches fresh crew to space station
The new crew will replace three other Soyuz fliers wrapping up a 240-day stay aboard the International Space Station.
Astronomers discover sugar in space that's also found in raspberries
The sugar, called erythrulose, lurks in what's called the interstellar medium: thin clouds of gas and dust littered between stars.
Telescope spots most distant quasars ever discovered
Quasars — the brightest objects in the universe — are powered by supermassive black holes at the heart of early galaxies.
Mission launched to rescue a falling space telescope
Katalyst Space's LINK spacecraft is designed to capture and boost NASA's Swift observatory back to a safe altitude.
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.
Photos show 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.
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.
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?
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Latest CBS News Videos
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Latest CBS News Videos
Storms bring danger to Northeast
Storms rocked the most populated area of the country on Tuesday, causing widespread flash flooding from Ohio to New England and beyond in what the National Weather Service called a "dangerous and life-threatening situation." Rob Marciano has the forecast.
RFK Jr.: Cyclospora outbreak "under control"
HHS Secretary Robert F. Kennedy Jr. is defending his department's handling of the cyclospora outbreak that's sickened thousands of people across the country. Kennedy says the outbreak is "under control." CBS News' Carter Evans reports.
Here's Tropical Storm Bertha's projected path
CBS News New York chief weathercaster Lonnie Quinn breaks down where Tropical Storm Bertha is expected to track.
Tropical Storm Bertha strengthening in Gulf
Tropical Storm Bertha is churning in the Gulf of Mexico as the Gulf Coast braces for flooding and potentially deadly storm surge. CBS News' Lana Zak reports and meteorologist Lonnie Quinn has a look at the storm's path.
Analyzing Democrats' fundraising gap with GOP
With the November midterm elections less than four months away, the Republican Party finds itself with a lot more cash on hand than the Democrats. Political strategists Kurt Bardella and Erin Maguire join with analysis.