The U.S. debt now exceeds the country's GDP. Should we worry?
Federal debt held by the public now surpasses the total value of the nation's economic output. Here's why experts say that's a concern.
National Debt
U.S. debt beats GDP for first time since WWII
The U.S. debt is exceeding the country's gross domestic product for the first time since World War II. CBS News contributor Javier David has more.
A new buy now, pay later option from Affirm will help tenants cover rent
A new BNPL pilot from financial technology company Affirm will give renters the option to break up their rent into two equal payments.
U.S. debt tops $38 trillion for first time, worsened by government shutdown
The national debt is rising faster than ever and threatens to undermine confidence in the economy, experts warn.
Trump spending law deficit concerns
A new Congressional Budget Office report projects President Trump's tax and spending law will add more than $3 trillion to the federal deficit over the next decade. Marc Goldwein, senior vice president and senior policy director for the Committee for a Responsible Federal Budget, joins "The Daily Report" with more.
How Trump's new spending law will impact taxes
Does President Trump's new economic law really wipe away taxes on Social Security and tips? CBS News MoneyWatch correspondent Kelly O'Grady dives into the fine print.
Reporter's Notebook: Crying wolf on budgets
Elon Musk has challenged President Trump's budget plans over fears of runaway spending. Are his fiscal concerns, and those of some other politicians, performative? "CBS Evening News" co-anchor John Dickerson explains.
Economic impacts of ballooning national debt
A recent analysis from the Committee for a Responsible Federal Budget says the legislation that just passed the Senate will add more than $3.9 trillion to the national debt. Kelly O'Grady joins to discuss what that means.
Senate debates Trump's budget bill
Senate lawmakers are rushing to meet President Trump's Independence Day deadline for the Republican's sweeping budget bill amid concerns over Medicaid cuts and the national debt.
Breaking down CBO report on Trump budget plans
The political headwinds stalling President Trump's massive tax extension and budget cuts were hit by a powerful dose of accounting. The Congressional Budget Office reports the current budget package would add more than $2 trillion to the national debt over 10 years. Marc Goldwein, senior policy director for the Committee for a Responsible Federal Budget, joins to discuss.
Ro Khanna on Musk's budget bill criticism
What do Democrats think about Elon Musk's call to kill the Trump agenda budget bill? Rep. Ro Khanna of California joins "The Takeout" with his reaction.
CBO: Trump budget bill would increase deficit
The Congressional Budget Office released new numbers on the monetary impacts of President Trump's budget bill and tariffs on Wednesday. CBS News chief White House correspondent Nancy Cordes reports.
Musk calls on Congress to "kill" budget bill
As the Senate forges ahead on President Trump's budget plan, Elon Musk is ramping up his criticism of the legislation, calling on lawmakers to "kill the bill." CBS News White House reporter Aaron Navarro has more.
House Budget chair on Musk's bill criticism
House Republicans keep warning their Senate GOP counterparts: Don't tinker with the economic bill they passed with one vote to spare. The Senate, however, is doing just that. House Budget Committee Chairman Jodey Arrington of Texas joins "The Takeout" to discuss where that could leave the Trump economic agenda.
How the national debt reached $36.2 trillion
The national debt stands at about $36.2 trillion, and economists are concerned aboutthe growing deficit's impact. Here's what to know.
Budget bill slammed as "fiscal failure"
The Trump administration is touting the spending cuts in the House-approved budget bill, but a nonpartisan analysis calls the legislation a "fiscal failure." Maya MacGuineas, president of the Committee for a Responsible Federal Budget, joins "America Decides" to discuss.
Budget bill could add trillions to deficit
Divisions among House Republicans remain as they race to try and pass President Trump's legislative agenda. A new estimate from the Congressional Budget Office found the bill, in its current form, would raise the federal deficit by $3.8 trillion over ten years, mostly from the president's proposed tax cuts. CBS News congressional correspondent Nikole Killion reports.
Impact of Moody's U.S. credit downgrade
The international credit agency Moody's has downgraded the U.S.' credit rating from its highest AAA rating to Aa1. CBS News senior business and technology correspondent Jo Ling Kent explains what the move could mean for the average American.
Will GOP come together on Trump's budget?
President Trump may have his budget plan, but he's got to get House Republicans in lockstep after Friday's failed committee vote. Former Republican Rep. Kevin Brady of Texas, ex-chair of the House Ways and Means Committee, joins "America Decides" to discuss what it'll take to get the conference on board and more.
Understanding cycle of deficit spending, debt
The U.S. economy is the largest globally, but its debt outweighs that distinction by trillions. Maya MacGuineas, president of the nonpartisan nonprofit Committee for a Responsible Federal Budget, joins "America Decides" to explain why that's a problem, and how increasing that debt with the latest budget proposal could hurt average Americans.
Despite Trump's promised cuts, U.S. spent more than $200 billion more so far than last year
Despite President Trump's promise of cuts, the federal government has spent more than $200 billion more in his first 100 days than the same time period last year.
Government spending is up, data shows
One of President Trump's campaign promises was to get rid of what he described as waste and fraud in the government to save money. CBS News dug into these claims to see if that's happened so far. CBS News vice president of data journalism John Kelly breaks down the numbers on government spending.
Ex-USAID chief blasts gutting of agency
Nearly all staff for the U.S. Agency for International Development, also known as USAID, will be placed on leave Friday amid President Trump and Elon Musk's plans to restructure the federal government. Andrew Natsios, former USAID administrator from 2001 to 2006, joins "America Decides" with his reaction.
House passes government funding bill
The House passed a short-term funding bill to avert a government shutdown Friday night. The legislation heads to the Senate next. CBS News' Scott MacFarlane and Zak Hudak have more details.
Rep. Andy Barr on Elon Musk
Even with a new agreement that would avoid a government shutdown, lawmakers are still focusing on billionaire Elon Musk and the major influence he wields on Capitol Hill. Republican Rep. Andy Barr of Kentucky joins "America Decides" to discuss.
Live
Iran calls Strait of Hormuz situation "sensitive and complex" amid shaky ceasefire
Iran denied its negotiators would be meeting with U.S. officials in Qatar after President Trump announced the talks would resume at Tehran's request.
Supreme Court expands presidential firing power, overturning 90-year-old ruling
The Supreme Court overturned a 90-year-old decision that allowed Congress to shield members of certain independent agencies from being fired by the president at will.
Some Russian soldiers last just minutes on front lines, military bloggers say
Once Russian soldiers reach certain parts of the front lines of the war in Ukraine, they can expect to live an average of just 20 to 35 minutes, according to a grim estimate by Russian military bloggers.
Trump nominates Keith Sonderling as labor secretary
Sonderling was elevated to the role in an acting capacity after Labor Secretary Lori Chavez-DeRemer left the position in April.
Monaco explosion injures 3, suspect flees to France
A blast from an explosive device has seriously injured three people at a residential building in Monaco.
Heat dome to scorch major U.S. cities this week, forecasters warn
A heat wave will blast a large swath of the U.S. this week. The National Weather Service says temperatures will feel hotter because of the high humidity that's arriving with it.
CBS Chicago reporter, photographer attacked by 2 men
One of the men then smashed our photographer's camera while the other smashed the windshield of our news truck.
Woman killed, 2 injured in series of Florida alligator attacks
Officials say people and pets should keep a safe distance away from the water to limit the chances of an alligator encounter.
Iran war has cost Americans $1,000 per household, economist estimates
The Iran war has significantly driven up the cost of fuel, airfare and other U.S. goods, according to Moody's Analytics chief economist Mark Zandi.
U.S.
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D.C.'s July 4th fireworks will have "TSA-style" security, won't start until late
This year's Fourth of July celebrations in D.C. — marking the nation's 250th birthday — will include hours of military flyovers and a massive fireworks display that could stretch late into the night.
Second Dan Sullivan can appear on Alaska Senate primary ballot, court rules
The Alaska Supreme Court ruled Monday that a man with the same name and party as Republican Sen. Dan Sullivan can challenge the sitting lawmaker in the state's Senate primary in August.
CBS Chicago journalists attacked by 3 men near Adler Planetarium
One of the men then smashed our photographer's camera while the other smashed the windshield of our news truck.
CBS News poll on America at 250 — its successes and its challenges
A big majority say the nation has succeeded in achieving its founding ideals, at least a fair amount, if not a great deal. But Americans also see a nation facing challenges today, according to CBS News' most recent poll.
Carl Rinsch sentenced to 2.5 years in prison for defrauding Netflix
According to prosecutors and testimony, Carl Rinsch told Netflix he needed $11 million to finish a show, but spent whopping sums on luxury cars, watches and other goods, including $638,000 on two mattresses.
MoneyWatch
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Here's what to know about Medicare's new GLP-1 weight-loss drug program
For the first time, Medicare will cover GLP-1 drugs prescribed solely for weight loss for eligible beneficiaries at a $50 monthly copay.
Iran war has cost Americans $1,000 per household, economist estimates
The Iran war has significantly driven up the cost of fuel, airfare and other U.S. goods, according to Moody's Analytics chief economist Mark Zandi.
The Trump administration says SNAP is rife with fraud and waste. Is it?
The USDA says almost 11% of SNAP payments contain errors, almost double the threshold set by Congress. Here's what is going on.
Supreme Court expands presidential firing power, overturning 90-year-old ruling
The Supreme Court overturned a 90-year-old decision that allowed Congress to shield members of certain independent agencies from being fired by the president at will.
Supreme Court rejects Trump bid to fire Fed's Lisa Cook as legal case continues
The Supreme Court allowed Lisa Cook to continue in her post as a member of the Federal Reserve Board of Governors while legal proceedings over President Trump's attempt to fire her continue.
Politics
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D.C.'s July 4th fireworks will have "TSA-style" security, won't start until late
This year's Fourth of July celebrations in D.C. — marking the nation's 250th birthday — will include hours of military flyovers and a massive fireworks display that could stretch late into the night.
Second Dan Sullivan can appear on Alaska Senate primary ballot, court rules
The Alaska Supreme Court ruled Monday that a man with the same name and party as Republican Sen. Dan Sullivan can challenge the sitting lawmaker in the state's Senate primary in August.
Trump nominates Keith Sonderling as labor secretary
Sonderling was elevated to the role in an acting capacity after Labor Secretary Lori Chavez-DeRemer left the position in April.
CBS News poll on America at 250 — its successes and its challenges
A big majority say the nation has succeeded in achieving its founding ideals, at least a fair amount, if not a great deal. But Americans also see a nation facing challenges today, according to CBS News' most recent poll.
Senate Ethics Committee dismisses misconduct complaint against Gallego
The bipartisan committee said it "did not find evidence that your actions violated federal law, Senate rules or related standards of conduct."
HealthWatch
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Here's what to know about Medicare's new GLP-1 weight-loss drug program
For the first time, Medicare will cover GLP-1 drugs prescribed solely for weight loss for eligible beneficiaries at a $50 monthly copay.
Former NFL star Chris Johnson says he's been diagnosed with ALS
Former NFL running back Chris Johnson announced that he was diagnosed with ALS, also known as Lou Gehrig's disease, in a "Good Morning America" interview.
Mom gets answers after fighting for diagnosis: "Something's wrong"
Michelle Williams struggled with high blood pressure and swelling for years before she was finally diagnosed with an unusual condition.
Internal emails show how RFK Jr.'s team sought to sway the CDC
A trove of emails offers a new look at how the Centers for Disease Control and Prevention navigated some of the most controversial decisions of President Trump's second term.
Chris Evert announces her ovarian cancer has returned
American tennis legend Chris Evert announced that her ovarian cancer had returned in a social media post Thursday.
World
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Monaco explosion injures 3, suspect flees to France
A blast from an explosive device has seriously injured three people at a residential building in Monaco.
Why some Europeans resist air conditioning amid deadly heat waves
Europe has the oldest population of any continent while also warming the fastest, leading to a dangerous and deadly situation.
Some Russian soldiers last just minutes on front lines, military bloggers say
Once Russian soldiers reach certain parts of the front lines of the war in Ukraine, they can expect to live an average of just 20 to 35 minutes, according to a grim estimate by Russian military bloggers.
Putin admits Ukrainian strikes on infrastructure causing "problems" for Russia
Ukraine has intensified strikes on Russia recently, targeting energy and logistics infrastructure.
Rescue teams continue to find survivors of Venezuela earthquakes
Tens of thousands of people are still presumed to be missing after two powerful earthquakes struck Venezuela last week.
Entertainment
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Entertainment
Taylor Swift wedding mystery deepens
Will Taylor Swift be marrying Travis Kelce this week at Madison Square Garden? Jericka Duncan reports.
Carl Rinsch sentenced to 2.5 years in prison for defrauding Netflix
According to prosecutors and testimony, Carl Rinsch told Netflix he needed $11 million to finish a show, but spent whopping sums on luxury cars, watches and other goods, including $638,000 on two mattresses.
Aide who planned JFK Jr.'s secret wedding weighs in on Swift-Kelce rumors
RoseMarie Terenzio, who was JFK Jr.'s former chief of staff and planned his secret wedding to Carolyn Bessette, said she doesn't think Taylor Swift and Travis Kelce are getting married at Madison Square Garden.
Olivia Wilde, Edward Norton on "The Invite"
Olivia Wilde and Edward Norton, stars of "The Invite" preview the film, which explores the unraveling and evolution of two very different marriages over the course of an unforgettable evening. The two discuss if they brought any of their own experiences to the movie and Wilde, who also directed the film, shares why she was initially reluctant to star in it.
Preview of "The Angry Birds Movie 3"
"CBS Mornings" exclusively reveals the trailer for "The Angry Birds Movie 3." The film stars Jason Sudeikis and debuts in theaters on Dec. 23.
Technology
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Technology
U.S. eases restrictions on Mythos AI model
The Trump administration is allowing Anthropic to restore access to its Mythos 5 AI model for a select group of U.S. companies and federal agencies. New York Times tech reporter Sheera Frenkel joins CBS News to discuss.
How trains drove American history
The transcontinental railroad changed just about everything in America: transportation, communications, commerce, cities, politics, even our perception of time. Correspondent David Pogue visits Steamtown National Historic Site, in Scranton, Pa., home to Big Boy, the biggest functioning steam train in the world, to learn how trains helped define an expansive America.
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.
California creates AI job trend tracker
California now has the nation's first dashboard to publicly track artificial intelligence-related job trends, ones created and ones lost. As of now, early findings show no evidence of rising statewide unemployment from jobs exposed to AI. Till von Wachter, a faculty director of the California Policy Lab at UCLA, joins "The Takeout" to discuss.
Gadget prices have fallen for decades. Then AI happened.
The race to build AI data centers is leading to a global shortage of memory chips, driving up the cost of personal electronics.
Science
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NASA prepares to launch rescue to save telescope from falling to Earth
The $30 million salvage operation gets underway as soon as this week with the planned launch of a robotic lifesaver.
Astronomers find 2 gigantic planets lighter than cotton candy
The featherweight pair — orbiting a star 1,110 light-years away — are the biggest exoplanets found to have less density than cotton candy.
Ancient Egyptian burial site reveals centuries of changing traditions
Human and animal remains unearthed in Egypt's Nile Delta reveal changing funerary practices over some 600 years, and the evolution of a key site itself.
Telescope snaps most detailed photo yet of Milky Way's heart
Euclid is on a mission to chart one-third of the sky in the hopes of shedding light on the enduring mysteries of dark matter and dark energy.
Interstellar comet may be oldest object ever seen in solar system
Exactly where the comet 3I/ATLAS came from within the Milky Way remains a mystery.
Crime
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Carl Rinsch sentenced to 2.5 years in prison for defrauding Netflix
According to prosecutors and testimony, Carl Rinsch told Netflix he needed $11 million to finish a show, but spent whopping sums on luxury cars, watches and other goods, including $638,000 on two mattresses.
6 killed, suspect arrested in shooting at German youth center, police say
German police say a suspect was in custody and six were killed in a rare shooting that took place at a youth center in Stade, near Hamburg.
Alex Murdaugh to return to court
Alex Murdaugh is expected back in court in South Carolina on Monday for the first time since the state Supreme Court overturned his convictions for killing his son and wife. Skyler Henry reports.
Detective believes 6-year-old's mother was killed in next room while he slept
For most of his life, Reggie Reed has wondered who murdered his mother Selonia Reed decades ago in Hammond, Louisiana. A fresh look at the evidence ultimately implicated the man he called his "rock" — Reginald Reed Sr., the man who lovingly raised him.
Michigan parents charged with murder after boy found to be 250+ pounds
Two Flint Township, Michigan, parents, are facing several charges, including second-degree murder, in the death of their 7-year-old son, who was 255 pounds and abused and neglected, according to the Genesee County prosecutor.
Space
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NASA prepares to launch rescue to save telescope from falling to Earth
The $30 million salvage operation gets underway as soon as this week with the planned launch of a robotic lifesaver.
Astronomers find 2 gigantic planets lighter than cotton candy
The featherweight pair — orbiting a star 1,110 light-years away — are the biggest exoplanets found to have less density than cotton candy.
Telescope snaps most detailed photo yet of Milky Way's heart
Euclid is on a mission to chart one-third of the sky in the hopes of shedding light on the enduring mysteries of dark matter and dark energy.
Interstellar comet may be oldest object ever seen in solar system
Exactly where the comet 3I/ATLAS came from within the Milky Way remains a mystery.
Researchers find "Pink Planet" has salty clouds: "We were very surprised"
The "Pink Planet," formally known as GJ504b, was discovered in 2013 and is technically not a planet but rather a "planetary-mass companion."
Latest Galleries
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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.
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.
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.
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
6/27: CBS Weekend News
High winds and heat are fueling Utah's out-of-control wildfires; Iranian drones target Bahrain after U.S. strikes Iran.
6/29: CBS Evening News
High winds and temps continue to fuel major wildfire in Utah; JetBlue flight reports collision with drone while landing at JFK.
Resort staffer on evacuation from wildfire
In southern Utah, the Cottonwood Fire tore through part of Eagle Point Resort, forcing it to close. Samantha Garcia, director of marketing for Eagle Point, joins CBS News to discuss.
NASA plans for daring telescope rescue
NASA will attempt a daring space rescue mission as soon as Tuesday morning to prevent an aging telescope from falling back to Earth. CBS News space consultant Bill Harwood has more.
NYT reporting on Venezuela's emergency medical system
The back-to-back earthquakes in Venezuela last week knocked out power in two of the three public hospitals in the hard-hit coastal state of La Guaira, the director of the nonprofit "United Doctors of Venezuela" tells the New York Times. New York Times reporter Genevieve Glatsky joins CBS News to discuss.