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.
CNN, MS NOW and Politico staffers barred from White House after Trump ban
President Trump said Friday that three outlets would be banned from the White House, "effective immediately."
Live
U.S. touts 1 billion barrels of oil escorted out of Strait of Hormuz
Following more attacks on tankers in the Strait of Hormuz, Trump said he'll make a "big decision" on whether to "annihilate" Iran's leadership.
Denmark and Greenland leaders cautiously optimistic after U.S. security deal
President Trump announced he struck a deal to give the U.S. "permanent control over security, and all other needs, in Greenland.
Exclusive
Patrick Clancy: "I think I did the best I could"
Asked whether he feels like he failed in some way, Patrick Clancy told 60 Minutes he believes he did the best he could with the information he had at the time.
State Department approves $2.7 billion air defense sale to Ukraine
The proposed sale is subject to congressional review.
Pentagon releases UFO files with documents on secretive military program
The Pentagon on Friday released a new group of files about unidentified anomalous phenomena, or UAP or UFOs, including a batch of documents regarding a mysterious military program studying aerospace threats.
Nvidia CEO calls for AI to be developed "as fast as we can"
The CEO of the world's largest chipmaker told CBS News that tech companies should proceed with artificial intelligence development despite recent warnings from worried industry leaders that there may be a need to pull back.
Appeals court rejects Trump's third-country deportation policy
A federal appeals court ruled Friday that U.S. immigration officials must offer detainees "a meaningful opportunity to contest" any deportation to countries where they have no ties.
Cuba power grid collapse leaves millions without electricity again
One Cuba resident said there is "no way to know" when power will be restored to the island nation.
U.S.
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CNN, MS NOW and Politico staffers barred from White House after Trump ban
President Trump said Friday that three outlets would be banned from the White House, "effective immediately."
Cuba power grid collapse leaves millions without electricity again
One Cuba resident said there is "no way to know" when power will be restored to the island nation.
Firefighters struggle with staffing shortages amid record wildfire season
Wildfires have burned more than 8.5 million acres of land in the U.S. this year, and at the peak of the season, there weren't enough people or equipment to fight them.
Exclusive
Patrick Clancy: "I think I did the best I could"
Asked whether he feels like he failed in some way, Patrick Clancy told 60 Minutes he believes he did the best he could with the information he had at the time.
Nvidia CEO calls for AI to be developed "as fast as we can"
The CEO of the world's largest chipmaker told CBS News that tech companies should proceed with artificial intelligence development despite recent warnings from worried industry leaders that there may be a need to pull back.
MoneyWatch
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Nvidia CEO calls for AI to be developed "as fast as we can"
The CEO of the world's largest chipmaker told CBS News that tech companies should proceed with artificial intelligence development despite recent warnings from worried industry leaders that there may be a need to pull back.
Mortgage rates are nearing 7%. One house hunter says he's "despondent."
"It seems like we're trying to climb out of a hole somebody else is digging," said one frustrated house hunter as homeownership costs rise.
Increased ICE enforcement in 2025 hurt local employment, analysis finds
Employment fell last year in U.S. cities where ICE arrests surged, according to the Brookings Institution.
AI security experts say they used Claude to hack ChatGPT
Cybersecurity researchers said they were able to use Anthropic's Claude AI platfom to penetrate ChatGPT in "less than 72 hours."
195,000 heated blankets recalled after dozens of burn injuries
The manufacturer has received hundreds of reports of blankets "smoking, melting or burning" due to overheating, according to a recall notice.
Politics
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CNN, MS NOW and Politico staffers barred from White House after Trump ban
President Trump said Friday that three outlets would be banned from the White House, "effective immediately."
Denmark and Greenland leaders cautiously optimistic after U.S. security deal
President Trump announced he struck a deal to give the U.S. "permanent control over security, and all other needs, in Greenland, completely addressing ALL of our many U.S. concerns."
Cuba power grid collapse leaves millions without electricity again
One Cuba resident said there is "no way to know" when power will be restored to the island nation.
State Department approves $2.7 billion air defense sale to Ukraine
The proposed sale is subject to congressional review.
Appeals court rejects Trump's third-country deportation policy
A federal appeals court ruled Friday that U.S. immigration officials must offer detainees "a meaningful opportunity to contest" any deportation to countries where they have no ties.
HealthWatch
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Her postpartum symptoms wouldn't go away. A brain tumor was to blame.
Lisa Fasone's first pregnancy went smoothly. Then a rare health condition put her dreams of a second child on hold.
RFK Jr. tells anti-vaccine activists they have a "friend in the White House"
Health and Human Services Secretary Robert F. Kennedy Jr. spoke at a conference hosted by an organization he once led that has promoted doubts about vaccines.
Twins conjoined at the head are separated in 25-hour surgery
The twins were born in Ethiopia with a rare condition that left them joined at the head. Doctors spent a year planning a separation surgery.
Exclusive
Porsha Williams reveals health emergency: "It all happened so fast"
Porsha Williams revealed to "CBS Mornings" co-anchor Gayle King that she had to undergo an emergency partial hysterectomy this year after doctors discovered 21 uterine fibroids
Conjoined twins separated in Ethiopia
Two-year-old conjoined twin sisters saw each other face-to-face for the first time after a successful 24-hour surgery to separate them. Ian Lee reports from the children's hospital in St. Louis, where it happened.
World
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Denmark and Greenland leaders cautiously optimistic after U.S. security deal
President Trump announced he struck a deal to give the U.S. "permanent control over security, and all other needs, in Greenland, completely addressing ALL of our many U.S. concerns."
Cuba power grid collapse leaves millions without electricity again
One Cuba resident said there is "no way to know" when power will be restored to the island nation.
State Department approves $2.7 billion air defense sale to Ukraine
The proposed sale is subject to congressional review.
Trump says he's struck deal for "permanent control over security" in Greenland
President Trump said he struck a deal to give the U.S. "permanent control over security" in Greenland following a push by the president to boost U.S. influence over the island — or take it over.
Police capture suspected serial killer disguised as woman, carrying baby
Brazilian police said they will reopen dozens of cases linked to a self-confessed serial killer who was arrested as he attempted to escape dressed as a woman and carrying a baby.
Entertainment
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Entertainment
This Miss USA is a married mom
Justus Kelley made history after she became the first married woman and the first mom to earn the Miss USA sash and crown. Kelley shares her experience with the iconic pageant and speaks about her philanthropic work.
Bella Kay performs "iloveitiloveitiloveit"
"Rolling Stone" dubbed Texas-born singer-songwriter Bella Kay an artist you need to know. Her songs about alienation, heartache and survival have broken through to a massive audience, with hit song "The Sick" streaming over 220 million times. Her debut album, "My Reckless Abandon," is out now. Here's Bella Kay with "iloveitiloveitiloveit."
Bella Kay performs "The Sick"
"Rolling Stone" dubbed Texas-born singer-songwriter Bella Kay an artist you need to know. Her songs about alienation, heartache and survival have broken through to a massive audience, with hit song "The Sick" streaming over 220 million times. Her debut album, "My Reckless Abandon," is out now. Here's Bella Kay with "The Sick."
Duncan Sheik, singer-songwriter of "Barely Breathing," dies at 56
Duncan Sheik died on Thursday night, his family said.
Princess Diana's brother makes new claims
The brother of the late Princess Diana claims in his upcoming book that then Prince Charles seemed "upbeat" right after his ex-wife died in a Paris car crash in 1997. When asked about these allegations, Buckingham Palace referred to a statement it released earlier this week saying that the king "is mindful that the pain of fraternal grief can cloud reason, affect judgement and colour memory, even many years after such a loss." Watch more of Charles Spencer's conversation with Mark Phillips on "CBS Sunday Morning."
Technology
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Technology
AI experts call for independent safety auditors
More than 100 artificial intelligence experts have signed a public letter to express the need for independent AI safety evaluators. Princeton computer science professor Arvind Narayanan, who signed the letter, joins CBS News to discuss.
Nvidia CEO says AI development shouldn't be slowed
Jensen Huang, the CEO of Nvidia, the world's largest chipmaker, told "Sunday Morning" that tech companies should push forward with the development of artificial intelligence despite recent warnings from worried industry leaders that there may be a need to pull back due to unease about the technology.
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.
Nvidia CEO calls for AI to be developed "as fast as we can"
The CEO of the world's largest chipmaker told CBS News that tech companies should proceed with artificial intelligence development despite recent warnings from worried industry leaders that there may be a need to pull back.
AI expected to loom large over Trump-Xi summit
President Trump is set to meet with Chinese President Xi Jinping in Washington, D.C., on Thursday amid mounting concerns about the safety of artificial intelligence. CBS News chief foreign affairs correspondent and "Face the Nation" moderator Margaret Brennan has more.
Science
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Science
Neuroscientists grow human brain tissue in mice
Neuroscientists at Stanford University successfully grew human brain tissue inside mice in the hopes of further enabling the development of treatments for brain disorders. Stanford Medicine professor of psychiatry and behavioral sciences Dr. Sergiu Pasca, who led the study, joins CBS News to break down the findings.
New species of wild cat discovered for first time in more than a century
Scientists have discovered a new species of wild cat for the first time in more than a century, a Bolivian researcher says.
Humpback whale seen grieving dead calf in rare footage
The footage shows a female humpback whale staying close to the dead calf as it lies motionless on the seafloor, touching it with its head and fin.
Remains of ancient warhorse given honorific burial discovered in Egypt
Archaeologists say they've discovered the remains of a likely ancient Egyptian warhorse given an honorific burial more than 3,000 years ago.
Anthropic CEO says "exponential" growth of AI is a "warning sign"
Artificial intelligence technology is developing at an "exponential" rate, Anthropic CEO Dario Amodei told CBS News, calling the situation a "warning sign" for the industry that requires serious safeguards.
Crime
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Crime
Patrick Clancy on life after trauma
In an exclusive interview airing Sunday on 60 Minutes, Patrick Clancy shares his side of the story, just weeks after his ex-wife Lindsay Clancy's murder trial ended without a verdict. Ross Douthat sat down with Patrick Clancy to discuss life after trauma and what lies ahead.
Patrick Clancy: "I think I did the best I could"
Asked whether he feels like he failed in some way, Patrick Clancy told 60 Minutes he believes he did the best he could with the information he had at the time. Watch more of the interview on 60 Minutes on Sunday.
Holdout juror in Clancy case speaks
The holdout juror in Lindsay Clancy's triple murder case has released a statement. Shanelle Kaul reports.
Police capture suspected serial killer disguised as woman, carrying baby
Brazilian police said they will reopen dozens of cases linked to a self-confessed serial killer who was arrested as he attempted to escape dressed as a woman and carrying a baby.
Grandmother sues Fargo, ND, over facial tech
A Tennessee grandmother is suing the city of Fargo, North Dakota, after facial recognition software linked her to a crime she didn't commit, which led to a nearly six-month stay in jail. CBS News' Nicole Valdes has more.
Space
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NASA spacecraft discovers moon crater bigger than Roman Colosseum
Scientists have discovered a crater on the moon that's bigger than the Roman Colosseum, the result of a powerful impact two years ago.
NASA launches its Roman Space Telescope to explore the hidden universe
NASA's Roman Space Telescope launched shortly after daybreak from Kennedy Space Center and blazed toward an observation point 1 million miles away.
Roman Space Telescope promises 300-megapixel views of the cosmos
The $4.3 billion telescope is expected to discover tens of thousands of exoplanets while probing the nature of mysterious dark matter and energy.
First on CBS
Trump to honor Artemis II crew with nation's top space medal
President Trump plans to award the Congressional Space Medal of Honor to the crew of NASA's Artemis II mission in a ceremony Aug. 28.
NASA's Swift telescope will plunge toward Earth after rescue mission called off
The mission to save NASA's sinking space telescope has been called off, dooming the telescope to a fiery reentry later this year.
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.
Dolly Parton: An extraordinary life in pictures
Dolly Parton, the country music legend who became a feminist icon, has died at the age of 80. Here is a look back at her life in pictures.
Investigating the death of designer Sylvie Cachay
Sylvie Cachay was found dead in an overflowing bathtub at the exclusive Soho House in New York City on Dec. 9, 2010. A water leak at the hotel gave away a timeline that may have revealed her killer.
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.
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.
Latest CBS News Videos
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Latest CBS News Videos
This Miss USA is a married mom
Justus Kelley made history after she became the first married woman and the first mom to earn the Miss USA sash and crown. Kelley shares her experience with the iconic pageant and speaks about her philanthropic work.
Trump announces Greenland security deal
President Trump says that the U.S. and Denmark have reached an agreement for the U.S. to have "permanent control" over Greenland's security.
Patrick Clancy on life after trauma
In an exclusive interview airing Sunday on 60 Minutes, Patrick Clancy shares his side of the story, just weeks after his ex-wife Lindsay Clancy's murder trial ended without a verdict. Ross Douthat sat down with Patrick Clancy to discuss life after trauma and what lies ahead.
Inside a U.S. aircraft carrier amid Iran war
CBS News' Tom Hanson took an exclusive tour of the USS George Washington, one of two U.S. aircraft carriers in the region launching attacks against Iran.
NYPD prepares for U.N. General Assembly
The United Nations General Assembly kicks off next week. President Trump and foreign leaders, including Benjamin Netanyahu, are expected to speak. Anna Schecter spoke to the NYPD about security efforts.