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
Watch Live: Trump greets King Charles, Queen Camilla at White House
King Charles III will deliver a rare address to a joint meeting of Congress on Tuesday before attending a state dinner at the White House.
Live
Strait of Hormuz stuck in limbo as Trump mulls Iran's latest offer
Oil prices continue rising as the Trump administration unenthusiastically mulls an Iranian offer to reopen the Strait of Hormuz but delay nuclear talks.
Federal agents return to Minneapolis to target daycares for suspected fraud
About 20 sites in the Minneapolis area were were targeted as prosecutors refocus attention on a billion-dollar social services scandal.
Correspondents' dinner suspect charged with trying to assassinate Trump
Cole Allen, the man accused of opening fire at the White House Correspondents' Dinner, was charged with trying to assassinate President Trump.
Jimmy Kimmel defends himself after Donald and Melania Trump call for his firing
Jimmy Kimmel has responded to Donald and Melania Trump calling for ABC to fire him after a joke he made days before the White House Correspondents' Dinner.
Supreme Court to weigh Trump's bid to end deportation shield for Haitians, Syrians
The Supreme Court is set to consider Wednesday the Department of Homeland Security's effort to terminate TPS both for Syria and Haiti.
Will the Fed cut rates? Here's what to expect at Wednesday's meeting.
The Federal Reserve is contending with rising inflation amid the war and a lackluster job market, along with the departure of Fed Chair Jerome Powell.
Acting AG Blanche asks court to let White House ballroom construction resume
Acting Attorney General Todd Blanche has asked a federal judge to overturn the judge's own ruling that blocked construction of the White House ballroom, in the wake of the White House Correspondents' Dinner shooting.
Shooting again put Washington Hilton at center of presidential history
The White House Correspondents' Dinner shooting again thrust the Washington Hilton to the center of presidential history. It's been there many times before, most of them good, but also on other dark occasion.
U.S.
More U.S.
CBS News poll and analysis of California policies ahead of governor's race debate
A closer look at voters' views on issues in the primary for the California governor's race going into Tuesday's debate.
SPLC seeks disclosure of grand jury transcripts in criminal case
The Southern Poverty Law Center accused senior Justice Department officials of making "misleading" statements after indictment.
United Arab Emirates says it will permanently leave OPEC on May 1
UAE officials said the decision to depart the OPEC oil cartel comes after an "extensive review" of the country's oil production policy.
Supreme Court to weigh Trump's bid to end deportation shield for Haitians, Syrians
The Supreme Court is set to consider Wednesday the Department of Homeland Security's effort to terminate TPS both for Syria and Haiti.
Federal agents return to Minneapolis to target daycares for suspected fraud
About 20 sites in the Minneapolis area were were targeted as prosecutors refocus attention on a billion-dollar social services scandal.
MoneyWatch
More MoneyWatch
United Arab Emirates says it will permanently leave OPEC on May 1
UAE officials said the decision to depart the OPEC oil cartel comes after an "extensive review" of the country's oil production policy.
Will the Fed cut rates? Here's what to expect at Wednesday's meeting.
The Federal Reserve is contending with rising inflation amid the war and a lackluster job market, along with the departure of Fed Chair Jerome Powell.
Google workers urge CEO to refuse classified AI work with Pentagon
In an open letter, Google workers say doing a deal with the Department of Defense would hurt the tech giant's reputation.
Musk and Altman face off in federal court. Here's what to know.
The trial comes at a pivotal moment for AI, a technology poised to bring advancement that could also drastically reshape humanity.
California billionaire tax secures enough signatures to make ballot
The measure would impose a one-time, 5% tax on the state's roughly 200 billionaires to fund public programs.
Politics
More Politics
CBS News poll and analysis of California policies ahead of governor's race debate
A closer look at voters' views on issues in the primary for the California governor's race going into Tuesday's debate.
SPLC seeks disclosure of grand jury transcripts in criminal case
The Southern Poverty Law Center accused senior Justice Department officials of making "misleading" statements after indictment.
Supreme Court to weigh Trump's bid to end deportation shield for Haitians, Syrians
The Supreme Court is set to consider Wednesday the Department of Homeland Security's effort to terminate TPS both for Syria and Haiti.
Federal agents return to Minneapolis to target daycares for suspected fraud
About 20 sites in the Minneapolis area were were targeted as prosecutors refocus attention on a billion-dollar social services scandal.
Trump administration fires board overseeing National Science Foundation
The Trump administration has fired all 22 current members of an independent board that oversees the National Science Foundation, one dismissed member says.
HealthWatch
More HealthWatch
Beyond crisis lines: How broader suicide prevention helps people in need
A new approach to suicide prevention shifts the focus from stopping harm in moments of crisis to upstream policies that give people reasons to live.
Big companies position themselves for payday from $50B federal rural health fund
A $50 billion federal fund is supposed to modernize rural healthcare. But community clinics and advocates fear that the contractors administering the money for states will bite off a big chunk before it reaches patients.
A 13-year-old's kidney was failing. Then a stranger stepped in.
Tim Fitzpatrick, a father of a chronically ill child, saw the story of a boy in need of a new kidney and felt compelled to help.
Ben Sasse is on extended time. He credits "providence, prayer and a miracle drug."
The former U.S. senator from Nebraska opened up about his terminal diagnosis, his family and the state of American politics in a "Things That Matter" town hall.
Exclusive
Johnson & Johnson to launch on TrumpRx with 4 of its prescription drugs
Drug-making giant Johnson & Johnson will officially start marketing four of its medications on the Trump administration's TrumpRx website on Friday, CBS News exclusively learned.
World
More World
U.K. police investigate another arson attack in north London
No one has been arrested and "officers are keeping an open mind about the motive behind the attack," police said.
United Arab Emirates says it will permanently leave OPEC on May 1
UAE officials said the decision to depart the OPEC oil cartel comes after an "extensive review" of the country's oil production policy.
Colombia offers record bounty for man accused of ordering bomb attack
A man known as "Marlon" is behind a wave of terror attacks in the country's southwest over the weekend, officials said, with presidential elections happening in under a month.
Live
Strait of Hormuz stuck in limbo as Trump mulls Iran's latest offer
Oil prices continue rising as the Trump administration unenthusiastically mulls an Iranian offer to reopen the Strait of Hormuz but delay nuclear talks.
Mexico captures cartel leader with $5 million U.S. bounty on his head
Audias Flores Silva, also known as "El Jardinero," or The Gardener, was seen as a possible successor to "El Mencho," who was killed in February.
Entertainment
More Entertainment
Entertainment
Trumps call for Jimmy Kimmel to be fired
President Trump and first lady Melania Trump are demanding that late-night host Jimmy Kimmel be fired over remarks he made before the White House Correspondents' Dinner. Nancy Cordes reports.
Trump calls for Kimmel to be fired over jokes made before correspondents' dinner
First lady Melania Trump said that jokes Jimmy Kimmel made on his show days before the White House Correspondents' Dinner were "hateful and violent rhetoric."
Eve Plumb reflects on life in the spotlight
Eve Plumb starred as middle child Jan Brady on the classic sitcom "The Brady Bunch." While reflecting on her career, she told "CBS Mornings" the beloved show "put me where I am today." Plumb also addressed "The Brady Bunch" not being an instant hit and why one of her iconic lines bothered her, which she discusses in her new memoir.
4/26: Sunday Morning
Hosted by Jane Pauley. Featured: America's adversarial relationship with Cuba; singer-songwriter Kacey Musgraves; Rep. Jim Clyburn; reviving a Welsh soccer town; tree lovers; artist Jenny Saville; and rescuing Venus fly traps.
Kacey Musgraves on writing lyrics: "There is no greater drug"
A couple of years ago, the Grammy-winner went home to East Texas to heal from a breakup. She talks about how her "Dry Spell" led to a creative monsoon – her latest album, "Middle of Nowhere."
Technology
More Technology
Technology
Jury selection begins in Musk-Altman legal battle
Jury selection began Monday in the legal battle between tech leaders Elon Musk and Sam Altman. CBS News senior business and technology correspondent Jo Ling Kent has the latest.
How the AI-driven data center boom is leading to skyrocketing energy bills
A CBS News analysis found that Georgia Power, the largest energy provider in the state, imposed six rate hikes in the last three years.
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.
How data centers are impacting Americans
This week, Maine's governor vetoed a bill that would have made the state the first to ban the construction of new data centers. Shanelle Kaul reports.
Sam Altman apologizes for not flagging authorities to mass shooter's ChatGPT account
The ChatGPT account of the shooter, who killed eight people in a small British Columbia community, had been banned about eight months prior to the massacre.
Science
More Science
Trump administration fires board overseeing National Science Foundation
The Trump administration has fired all 22 current members of an independent board that oversees the National Science Foundation, one dismissed member says.
AI used to reveal face of victim fleeing Mount Vesuvius eruption
Archaeologists found the victim holding a terracotta mortar, which they interpret as an improvised attempt to shield his head.
In a first, endangered orangutan seen using canopy bridge to cross road
Rapid development has been shrinking the jungle habitat of the critically endangered species, and fatal conflicts with people have been increasing.
Saving the Venus fly trap
The carnivorous Venus fly trap is native to the Carolinas, but its population is dwindling due to loss of habitat. Correspondent Seth Doane talks with botanist Julie Moore, who has spent much of her life helping to save these remarkable plants; and with Damon Waitt, director of the North Carolina Botanical Garden, who discusses the unusual traits of a species that Charles Darwin called the most interesting plant in the world.
From 1990: NASA launches Hubble Telescope
On April 24, 1990, NASA launched the Hubble Space Telescope from the Space Shuttle Discovery after seven years of delays. Watch CBS News' coverage from that day.
Crime
More Crime
Crime
Former Secret Service agent on D.C. shooting
Jeff James, a retired assistant special agent in charge at the U.S. Secret Service, joins CBS News with his take on security at the White House Correspondents' Dinner.
Witness on suspect at correspondents' dinner
A witness is describing seeing Cole Allen in the moments before he was apprehended outside the ballroom where the White House Correspondents' Dinner was taking place. CBS News' Matt Gutman reports.
New details on Cole Allen after court hearing
Cole Allen, the suspect linked to a shooting at the White House Correspondents' Dinner, appeared in court on Monday. CBS News' Katrina Kaufman and Olivia Rinaldi report.
Witness on correspondents' dinner shooting
A witness at the White House Correspondents' Dinner describes hearing gunfire before looking and seeing the alleged gunman had fallen to the ground before security surrounded him. The witness, Air Force veteran Erin Thielman, then sprang into action.
Mexico captures cartel leader with $5 million U.S. bounty on his head
Audias Flores Silva, also known as "El Jardinero," or The Gardener, was seen as a possible successor to "El Mencho," who was killed in February.
Space
More Space
Mars rover carries out chemistry experiment never done beyond Earth
"This experiment's never been run before on another world," said Amy Williams, an astrobiologist working on the Curiosity mission.
Blue Origin New Glenn rocket puts satellite payload into wrong orbit
The launching appeared to go off without a hitch, but a problem prevented the rocket's upper stage from putting its payload into the correct orbit.
Artemis II crew on historic moon mission and what it means for Earth
"We are carrying back everything we learned, not only about where we went but ourselves," mission specialist Christina Koch told "CBS Evening News" anchor Tony Dokoupil.
Artemis II astronauts still awed by moonshot experience: "It was otherworldly"
The four Artemis II astronauts struggled to describe the view and overall experience of flying around the moon's far side and witnessing a solar eclipse in deep space.
"God of chaos" asteroid will pass close to Earth in 3 years, NASA says
People on the ground in the Eastern Hemisphere will be able to observe the asteroid with their own eyes, weather permitting, according to NASA.
Latest Galleries
More Latest Galleries
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
More Latest CBS News Videos
Latest CBS News Videos
Former Secret Service agent on D.C. shooting
Jeff James, a retired assistant special agent in charge at the U.S. Secret Service, joins CBS News with his take on security at the White House Correspondents' Dinner.
Florida Republicans vie for new congressional
Florida Gov. Ron DeSantis has introduced a new congressional map that could benefit Republicans. CBS News Miami's Jim DeFede joins with more.
Where to get the latest CBS Mornings Deals
On this edition of CBS Mornings Deals, we show you items that might just become essentials in your everyday life. Visit cbsdeals.com to take advantage of these exclusive deals today. CBS earns commissions on purchases made through cbsdeals.com.
King Charles will address Congress
King Charles will address a joint meeting of Congress on Tuesday as his visit to Washington, D.C., continues. CBS News' Nancy Cordes has more.
Witness on suspect at correspondents' dinner
A witness is describing seeing Cole Allen in the moments before he was apprehended outside the ballroom where the White House Correspondents' Dinner was taking place. CBS News' Matt Gutman reports.