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.
Is Trump's $1.7 billion "anti-weaponization fund" legal? Experts weigh in.
The new fund to provide payouts to those who say the legal system was "weaponized" against them raised immediate questions about its legality, implementation and enforcement.
Live
Iran mulls latest U.S. proposal as Trump says war is in "final stages"
Iran says it's considering the latest U.S. peace offer, as President Trump says he's willing to wait "a couple of days" for a response.
NOAA's 2026 Atlantic hurricane season outlook announced
The 2026 Atlantic hurricane season is quickly approaching, and the National Oceanic and Atmospheric Administration is releasing its forecast for what to expect.
DNC releases long-awaited autopsy on 2024 election
The Democratic National Committee released a long-awaited autopsy on the 2024 election that party chair Ken Martin has kept under wraps for months.
Minnesota fraud ringleader Aimee Bock gets over 40 years in prison
Aimee Bock, the convicted ringleader of the $250 million Feeding Our Future fraud scheme in Minnesota, was sentenced to more than 40 years in prison on Thursday.
Exclusive
DOJ onboards largest-ever class of immigration judges in deportation push
The additions come after the ouster of dozens of immigration judges across the country by the Trump administration over the past year.
Colbert hosts "The Late Show" one last time tonight as franchise ends
"The Late Show" host Stephen Colbert is marking the end of an iconic late-night franchise on CBS.
Charges dismissed for ex-official at school where 6-year-old shot teacher
A judge has dismissed all charges against a former school administrator accused of ignoring warnings about a 6-year-old with a gun.
U.S.-bound flight diverted over passenger from Congo amid Ebola restrictions
An Air France flight from Paris to Detroit was forced to divert to Montreal due to U.S. flight restrictions linked to the Ebola outbreak.
U.S.
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NASCAR star Kyle Busch hospitalized with severe illness, family says
Two-time NASCAR Cup Series champion Kyle Busch has been hospitalized with a severe illness and won't compete at Charlotte Motor Speedway this weekend, his family said.
Charges dismissed for ex-official at school where 6-year-old shot teacher
A judge has dismissed all charges against a former school administrator accused of ignoring warnings about a 6-year-old with a gun.
Summer air travel could be rough. Here's how travelers can prepare.
A new report finds that on-time flight arrivals are at their worst level since 2014, with fuel costs and weather adding to summer travel risks.
NOAA's 2026 Atlantic hurricane season outlook announced
The 2026 Atlantic hurricane season is quickly approaching, and the National Oceanic and Atmospheric Administration is releasing its forecast for what to expect.
Arrest made in Connecticut 40 years after woman's murder in Virginia
The body of 22-year-old Roberta Walls was found in a field in Virginia Beach on the morning of May 15, 1986.
MoneyWatch
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Summer air travel could be rough. Here's how travelers can prepare.
A new report finds that on-time flight arrivals are at their worst level since 2014, with fuel costs and weather adding to summer travel risks.
Record 274 climbers scale Nepal's side of Mount Everest in single day
A record 274 climbers scaled the Nepal side of Mount Everest in a single day, officials said. They took advantage of clear weather.
World Cup expected to generate more in sports bets than the Super Bowl
Americans are expected to wager more than $3 billion amid the expansion of legalized sports betting in the U.S.
These are retirees' 5 biggest financial fears
Retirees say inflation, health care costs and market volatility are threatening their financial security.
SpaceX to explore "the true nature of the universe" as it plans IPO
Elon Musk's SpaceX is moving ahead with plans to go public in what some expect will be the biggest IPO ever.
Politics
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DNC releases long-awaited autopsy on 2024 election
The Democratic National Committee released a long-awaited autopsy on the 2024 election that party chair Ken Martin has kept under wraps for months.
Exclusive
DOJ onboards largest-ever class of immigration judges in deportation push
The additions come after the ouster of dozens of immigration judges across the country by the Trump administration over the past year.
Is Trump's $1.7+ billion "anti-weaponization fund" legal? Experts weigh in.
The new fund to provide payouts to those who say the legal system was "weaponized" against them raised immediate questions about its legality, implementation and enforcement.
State Democratic Party censures governor after he commutes Tina Peters' sentence
The central committee of the Colorado Democratic Party on Wednesday voted 89.8% in favor of a measure to censure Gov. Jared Polis.
Texas Dem under fire for saying she'd make ICE jail "prison for American Zionists"
A Democratic House candidate in Texas is facing widespread condemnation and accusations of antisemitism from her own party.
HealthWatch
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U.S. doctor with Ebola feared he "wasn't going to make it" before evacuation
Dr. Peter Stafford was working with the missionary group Serge in Congo when he was infected with Ebola.
Is "fibermaxxing" good for your health?
Health and fitness influencers are pushing people to consume more fiber. Keri Glassman, Nutritious Life founder and CEO, joins with her take.
Vanessa Trump announces cancer diagnosis
Vanessa Trump announced on Instagram that she has been diagnosed with breast cancer and is working with her doctors on a treatment plan.
Noah Wyle's push to help healthcare workers
Noah Wyle, who stars in HBO's "The Pitt," joins "CBS Mornings" with Dr. Elisabeth Potter to discuss their push to improve mental health and quality of life for healthcare workers.
Deadly measles outbreak in Bangladesh fuels concern over risks for U.S.
A CBS News medical correspondent and doctor says her "biggest concern for the World Cup is actually measles. It's not hantavirus, it is not Ebola."
World
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U.S. doctor with Ebola feared he "wasn't going to make it" before evacuation
Dr. Peter Stafford was working with the missionary group Serge in Congo when he was infected with Ebola.
Divers killed in Maldives cave may have taken wrong tunnel: "No way out"
Finnish divers found the Italians in a corridor with a dead end inside the cave complex, Italy's la Repubblica daily reported.
Ukraine ups security as Russia holds nuclear strike drills with Belarus
Russia says "nuclear munitions" sent to Belarus for joint drills in the country that Moscow used as a launchpad for its 2022 invasion of Ukraine.
Record 274 climbers scale Nepal's side of Mount Everest in single day
A record 274 climbers scaled the Nepal side of Mount Everest in a single day, officials said. They took advantage of clear weather.
Live
Iran mulls latest U.S. proposal as Trump says war is in "final stages"
Iran says it's considering the latest U.S. peace offer, as President Trump says he's willing to wait "a couple of days" for a response.
Entertainment
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"Survivor 50" finalists discuss strategy, how they planned to win
Aubry won the record $2 million prize for earning 8-of-11 votes in Wednesday night's finale of "Survivor 50."
"Survivor 50" players on game strategies
"Survivor" host Jeff Probst joins Gayle King and the top five contestants from "Survivor 50" after the jury crowned a winner in the legendary game.
Survivor 50 winner describes show experience
(Warning: spoiler alert!) The "Survivor 50" final five contestants join Gayle King to discuss the season finale.
"Survivor 50" winner crowned
(Warning: spoilers ahead!) The "Survivor 50" winner has been crowned after a monumental season featuring some of the best in the game. Gayle King breaks down the wild finale.
"Peanuts" music owner sues U.S. government over use of iconic songs
Lee Mendelson Film Productions alleges the U.S. Department of the Interior illegally used the jazzy tunes in social media posts and a video game.
Technology
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Technology
Meta's massive layoffs
Meta is cutting thousands of jobs as the company invests in artificial intelligence. Business Insider's Hugh Langley joins CBS News with more details.
What Nvidia's Q1 earnings say about AI race
Cementing its status as the world's most valuable company, Nvidia reported record revenue in its latest earnings report. Britney Nguyen, Nvidia and chips reporter at MarketWatch, joins with analysis.
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.
Google announces AI-focused search bar revamp
Artificial intelligence is prompting Google to change its iconic search bar for the first time in more than 25 years. Mashable tech editor Tim Werth joins CBS News to discuss.
Concern ramps up over the use of AI in combat
The Defense Department says it wants to be "AI-first," but some service members are concerned about how quickly the technology is developing. Chris Livesay reports.
Science
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NOAA's 2026 Atlantic hurricane season outlook announced
The 2026 Atlantic hurricane season is quickly approaching, and the National Oceanic and Atmospheric Administration is releasing its forecast for what to expect.
2 humpback whales swam record-breaking distance, photos reveal
The pictures represent the longest-distance ever seen between two pictures of the same humpback whale, researchers said.
Live chicks hatched from artificial eggshell, biotech company says
Independent scientists say the technology, while impressive, lacks some components to be truly considered an artificial egg.
El Niño could bring "double whammy" of high tide flooding, NOAA warns
The upcoming El Niño could trigger frequent and widespread flooding in coastal areas around the United States, even when storms aren't actively taking place, scientists warn.
New dinosaur weighing as much as 9 elephants identified by scientists
The long-necked herbivore is the largest ever found in Southeast Asia, researchers said.
Crime
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Charges dismissed for ex-official at school where 6-year-old shot teacher
A judge has dismissed all charges against a former school administrator accused of ignoring warnings about a 6-year-old with a gun.
Arrest made in Connecticut 40 years after woman's murder in Virginia
The body of 22-year-old Roberta Walls was found in a field in Virginia Beach on the morning of May 15, 1986.
TikTok star charged in alleged murder plot
A TikTok star and her father were charged for allegedly plotting to kill the father of her daughter, boy band singer Jack Avery, by paying in bitcoin and using the dark web and coded messages. Jonathan Vigliotti has the details.
Feeding Our Future fraud ringleader Aimee Bock sentenced to 41+ years
Aimee Bock, the convicted ringleader of the $250 million Feeding Our Future fraud scheme in Minnesota, was sentenced to more than 40 years in prison on Thursday.
Daycare owner charged with fraud tried to flee U.S. after closing center, prosecutors say
New fraud charges were unsealed Wednesday against a Minnesota daycare owner who federal prosecutors allege tried to flee the country just two days after shutting the center down.
Space
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SpaceX ready to launch more powerful Super Heavy-Starship
The new rocket features a host of upgrades intended to improve safety and performance of the world's most powerful rocket.
SpaceX launches cargo ship to International Space Station
The International Space Station-bound SpaceX Cargo Dragon is loaded with 6,500 pounds of needed equipment, research gear and crew supplies.
NASA maps show Earth's brightest and darkest regions at night
Researchers expected to find "a gradual increase in artificial light at night," but instead saw "much more nuanced patterns," NASA said.
NASA spacecraft to fly past Mars on voyage to rare metal asteroid
NASA's Psyche spacecraft will slingshot past Mars on Friday, on its way toward a rare metal-rich asteroid.
UFO files reveal astronauts saw mysterious objects and lights in 1972
NASA's Apollo 17 crew reported seeing three mysterious dots and sparks that resembled fireworks, according to new files released by the Pentagon.
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
Supreme Court dismisses death penalty case
The Supreme Court dismissed a case on the death penalty eligibility for inmates with intellectual disabilities. CBS News' Jan Crawford reports.
NOAA on 2026 Atlantic hurricane season
The National Oceanic and Atmospheric Administration just released its 2026 Atlantic hurricane season forecast. CBS News meteorologist Jessica Burch has more.
Supreme Court dismisses death penalty case
The Supreme Court has dismissed a case surrounding the death penalty and IQ tests for inmates on death row. CBS News' Jessica Levinson and Katrina Kaufman have more.
Cuban reaction to Raúl Castro's indictment
Cuban's are still dealing with an energy crisis on the island and are not seeing any relief despite the U.S. indicting former leader Raúl Castro. Roxanna Vigil, an international affairs fellow in national security at the Council on Foreign Relations, joins CBS News with more.
Backlash over Itamar Ben-Gvir video
Itamar Ben-Gvir, Israel's national security minister, is facing backlash after video emerged of him taunting detained flotilla activists. CBS News' Imtiaz Tyab reports.