Feds to buy up to $6 billion in Treasury bonds. Here's why.
Wall Street analysts are skeptical that the Treasury Department's bond purchases can curb yields and lower U.S. borrowing costs.
National Debt
National debt tops $40 trillion after doubling in under 10 years
Federal debt has mounted amid tax cuts and trillions in pandemic spending, adding to the nation's interest payments.
U.S. national debt hits record $40 trillion
America's national debt has climbed to $40 trillion after years of borrowing. CBS News chief White House correspondent Nancy Cordes reports on the Trump administration's response.
Dow falls 700 points over bond market, debt
The Dow closed down over 700 points on Thursday amid rising national debt and fears over bond market volatility. Jessica Inskip, director of investor research at Stockbrokers.com, joins CBS News to discuss.
8/20: The Takeout with Major Garrett
U.S. national debt hits record $40 trillion, doubling in less than 10 years; Trump administration pressuring countries to cut economic ties with Iran.
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.
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.
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 huge number of barrels of oil escorted through Strait of Hormuz by U.S. military
Adm. Brad Cooper provided updates on U.S. efforts to get oil out of the Persian Gulf after a bad week of news on the energy markets.
Trump vows to form "AI Force," says he won't allow slowdown of AI development
In a Truth Social post, Mr. Trump called fears around artificial intelligence possibly becoming a superintelligence that could pose a threat to human existence a hoax.
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.
Lawsuit says AI giants made illegal deal on technology's slowdown
The lawsuit argues the leading AI companies violated antitrust laws when they agreed to coordinate slowdown efforts.
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.
More U.S.
Trump vows to form "AI Force," says he won't allow slowdown of AI development
In a Truth Social post, Mr. Trump called fears around artificial intelligence possibly becoming a superintelligence that could pose a threat to human existence a hoax.
Lawsuit says AI giants made illegal deal on technology's slowdown
The lawsuit argues the leading AI companies violated antitrust laws when they agreed to coordinate slowdown efforts.
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.
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
More Politics
Trump vows to form "AI Force," says he won't allow slowdown of AI development
In a Truth Social post, Mr. Trump called fears around artificial intelligence possibly becoming a superintelligence that could pose a threat to human existence a hoax.
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.
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
More World
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
9/19: Saturday Morning
President Trump bans some journalists from the White House, how Apple broke into retail, plus Tex-Mex barbecue on The Dish.
Juanes' touching ode to his mother
Latin superstar Juan Esteban, known as Juanes, has won 29 Grammys and sold out venues across the world. He joined Lilia Luciano to discuss his career, new work and giving back to his home country of Colombia in a time of great need.
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."
Technology
More Technology
Trump vows to form "AI Force," says he won't allow slowdown of AI development
In a Truth Social post, Mr. Trump called fears around artificial intelligence possibly becoming a superintelligence that could pose a threat to human existence a hoax.
Inside digital closet organizer Starmoire
"What Not to Wear" stylist Stacy London and co-founder Ruth Foxe Blader share all about their new digital closet organizing service, Starmoire.
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 Apple's risky retail venture succeeded
Ron Johnson, Apple's former senior vice president of retail, explains how the tech company welcomed physical shoppers in his book, "Shop Different: How Retail Revealed Apple's Genius."
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.
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
More Space
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
9/19: Saturday Morning
President Trump bans some journalists from the White House, how Apple broke into retail, plus Tex-Mex barbecue on The Dish.
The Dish: Hurtado BBQ
Chef and pitmaster Brandon Hurtado blends Texas tastes with Mexican American barbecue traditions at Hurtado BBQ.
Inside digital closet organizer Starmoire
"What Not to Wear" stylist Stacy London and co-founder Ruth Foxe Blader share all about their new digital closet organizing service, Starmoire.
Juanes' touching ode to his mother
Latin superstar Juan Esteban, known as Juanes, has won 29 Grammys and sold out venues across the world. He joined Lilia Luciano to discuss his career, new work and giving back to his home country of Colombia in a time of great need.
How Apple's risky retail venture succeeded
Ron Johnson, Apple's former senior vice president of retail, explains how the tech company welcomed physical shoppers in his book, "Shop Different: How Retail Revealed Apple's Genius."