U.S. starts fiscal year with record $31 trillion in debt
Nation is edging closer to statutory debt ceiling of $31.4 trillion. "We are addicted to debt," one expert said.
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Nation is edging closer to statutory debt ceiling of $31.4 trillion. "We are addicted to debt," one expert said.
America's longest war is coming to an end, with President Biden announcing the withdrawal of U.S. troops from Afghanistan will conclude by August 31. CBS News senior White House and political correspondent Ed O'Keefe, Politico White House correspondent and associate editor Anita Kumar, and The Washington Post's Capitol Hill reporter Rhonda Colvin join CBSN's "Red & Blue" with more on the impact, as well as the latest push by Democrats to protect voting rights.
The president emphasized how strong job gains have increased total incomes and led to additional tax revenues that have improved the government's balance sheet.
Senator Pat Toomey, R-Pennsylvania, joins "CBS Mornings" to discuss why Republicans won't support helping Democrats raise the debt ceiling.
House lawmakers will vote Tuesday evening on legislation to raise the nation's debt ceiling. CBS News congressional correspondent Nikole Killion gives CBSN's Tanya Rivero an update on what's at stake.
President Biden is facing perhaps the most pivotal week of his presidency as Democrats seek to pass the main pillars of his legislative agenda while a government shutdown looms. Nikole Killion reports.
Congressional Democrats are pushing to raise the national debt ceiling before the government funding runs out at the end of the month. But Republicans say they will not support stopgap funding legislation. CBS News congressional correspondent Nikole Killion joins CBSN with the latest.
Lawmakers on Capitol Hill are working to push through their ongoing budget battle. Senate Democrats are finalizing the final text of their $3.5 trillion spending bill. But as CBS News' Skyler Henry reports, the Senate Parliamentarian delivered a blow to the party on its immigration plans. This comes as both House and Senate Democrats unveiled a spending measure to avoid a government shutdown coupled with a suspension to the national debt ceiling. Siobhan Hughes, a congressional reporter for The Wall Street Journal, joins CBSN's Elaine Quijano with more on how Republicans are reacting to the plan.
Senate Democrats hoped to include pathway to citizenship for millions of immigrants in their $3.5 trillion budget proposal, but the Senate parliamentarian ruled against it. CBS News congressional correspondent Nikole Killion joins CBSN AM with the latest on that plus the upcoming deadline for raising the debt ceiling.
A massive infrastructure bill passed in the Senate, with 19 Republicans joining every Democrat in voting for it. Kris Van Cleave has more on what's in the bill.
A total of 70 senators appear poised to carry a big bipartisan infrastructure package to passage, with lawmakers eager to tap new spending for their states and show voters back home they can deliver. Washington Post congressional reporter Rhonda Colvin joins CBSN's Anne-Marie Green and Vladimir Duthiers with analysis ahead of the much-anticipated vote.
President Biden is laying out his budget priorities to Congress with a $6 trillion proposal that would vastly expand social programs to help the neediest Americans. Maya MacGuineas of the Committee for a Responsible Federal Budget spoke with CBSN's Tanya Rivero about why she believes the national debt is a more important focus.
Republicans could soon vote on their tax plan after it cleared a key hurdle in the Senate. But at least four GOP senators have said they're concerned the bill will increase the deficit and add to the $20 trillion debt. President of the Committee for a Responsible Federal Budget, Maya MacGuineas, talks to CBSN about why increasing the deficit is such a concern.
President Biden's latest economic recovery proposal, the American Families Plan, would invest nearly $2 trillion dollars in education and child care, but some economists worry massive government spending could heat up the economy too quickly, causing inflation to soar. Washington Post economics correspondent Heather Long joins CBSN's "Red & Blue" anchor Elaine Quijano with the details.
President Biden is continuing to urge Republicans to endorse his new coronavirus relief plan. Republicans, however, are concerned about $1.9 trillion price tag. Christina Ruffini reports.
CBS News reporter Sarah Ewall-Wice joins CBSN's "Red & Blue" host Elaine Quijano to discuss the "big" actions Janet Yellen wants to see done by the Treasury Department if she is confirmed as secretary by the incoming Biden administration.
President Trump and Democratic congressional leaders have reached a bipartisan federal budget agreement. But while the deal prevents a government shutdown, some experts are raising concerns about increasing the national debt long-term. Maya MacGuineas, president of the Committee for a Responsible Federal Budget, joined CBSN to discuss the deal.
The surge is largely due to increased spending and revenue lost to GOP tax cuts
Over the next decade, the U.S. will spend about $1.2 trillion more than it takes in every year, CBO estimates
There's no precedent for debt this high during an economy this good, raising several troublesome issues
The national debt has surpassed $22 trillion for the first time ever, and experts say that could hurt the economy. The 2017 tax cut bill and increased spending are the main reasons, CBSN's Reena Ninan reports.
Rising interest rates and a growing deficit are sending the costs of the U.S.' "credit card balance" to a 25-year high
Even as the country's economy booms, an exploding federal deficit has interest payments vaulting upward
Areport from JP Morgan predicts U.S. debt per household is expected to surpass debt held by Americans for the first time ever. Darrick Hamilton, professor of economics and urban policy at the New School, joins CBSN to discuss.
Long-term interest rates are threatening to push bonds over a threshold that has spooked investors in the past.
President Trump says the Iran war will end "very soon," but Tehran says it's "prepared to continue attacking" indefinitely, and it won't let oil leave the Gulf.
The Defense Department has notified senior leadership that they must remove Anthropic's products from their system within 180 days, the latest salvo in a feud between the AI company and the Trump administration.
A CBS News analysis of records for every hospice operating in Los Angeles County finds indications of fraud are growing.
Iran is using smaller crafts to lay mines in the Strait of Hormuz, two U.S. officials said.
Rank-and-file career prosecutors in the Justice Department's Civil Rights Division cases are not involved in investigating Alex Pretti's shooting death by federal agents, CBS News has learned, in a stark departure from historical practice.
One of two men accused of throwing IEDs at protesters in New York City appears to have purchased fuses at a fireworks store in a Philadelphia suburb last week.
Investigators are searching a New Mexico ranch where Jeffrey Epstein once entertained guests, amid allegations that it may have been used for sexual abuse and sex trafficking.
TSA officer call-out rates have climbed into double-digit percentages at some airports, including half the officers at Houston's Hobby Airport, straining screening operations and contributing to longer security lines.
Voters in northwest Georgia headed to the polls all day to have their say in who will replace Marjorie Taylor Greene in Congress.
One of two men accused of throwing IEDs at protesters in New York City appears to have purchased fuses at a fireworks store in a Philadelphia suburb last week.
TSA officer call-out rates have climbed into double-digit percentages at some airports, including half the officers at Houston's Hobby Airport, straining screening operations and contributing to longer security lines.
Gas prices in the U.S. have surged roughly 20% since the attack on Iran. Read on to see what measures the Trump administration could take to offer relief.
Tommy Thompson found the S.S. Central America and its thousands of pounds of sunken treasure that sat at the bottom of the Atlantic Ocean for more than 150 years.
Even if oil prices ease, they won't return to the levels they were at before the war started, according to Patrick De Haan of GasBuddy.
Gas prices in the U.S. have surged roughly 20% since the attack on Iran. Read on to see what measures the Trump administration could take to offer relief.
Even if oil prices ease, they won't return to the levels they were at before the war started, according to Patrick De Haan of GasBuddy.
The Strategic Petroleum Reserve is designed to cushion disruptions to U.S. oil supplies during emergencies.
Shortly after all JetBlue flights were grounded by the FAA due to what the agency said was a JetBlue request, the carrier said it had resumed operations.
Food containing norovirus may smell and taste normal but still cause serious illness if consumed, FDA warns.
The Defense Department has notified senior leadership that they must remove Anthropic's products from their system within 180 days, the latest salvo in a feud between the AI company and the Trump administration.
Voters in northwest Georgia headed to the polls all day to have their say in who will replace Marjorie Taylor Greene in Congress.
TSA officer call-out rates have climbed into double-digit percentages at some airports, including half the officers at Houston's Hobby Airport, straining screening operations and contributing to longer security lines.
The Gulf states have said they're running dangerously low on missile interceptors and have asked the U.S. to expedite new supplies, CBS News previously reported.
Rank-and-file career prosecutors in the Justice Department's Civil Rights Division cases are not involved in investigating Alex Pretti's shooting death by federal agents, CBS News has learned, in a stark departure from historical practice.
A CBS News analysis of records for every hospice operating in Los Angeles County finds indications of fraud are growing.
Food containing norovirus may smell and taste normal but still cause serious illness if consumed, FDA warns.
Dentists, hygienists, and researchers say a shortage of rural dental care professionals and worsening oral hygiene since the COVID-19 pandemic mean more kids are ending up in the emergency room for tooth decay.
The zipper head on the recalled HALO Magic Sleepsuits poses a danger to babies, according to the U.S. Consumer Product Safety Commission.
Debi Weiss thought her fatigue and weakness was a seasonal illness, but her condition quickly worsened.
The Gulf states have said they're running dangerously low on missile interceptors and have asked the U.S. to expedite new supplies, CBS News previously reported.
Iran is using smaller crafts to lay mines in the Strait of Hormuz, two U.S. officials said.
When it comes to European Union territory, you can't go much further east than Cyprus. So far east, in fact, that it's within reach of Iran's weapons.
The most decorated American Winter Paralympian had her left leg amputated at age 9 and her right leg amputated at age 14.
According to U.S. Central Command, over 5,000 targets were struck and 50 Iranian vessels were damaged or destroyed in the first 10 days of the war with Iran.
American tap dancer Michelle Dorrance talks to CBS News chief medical correspondent Jon LaPook about Brenda Bufalino's impact and preserving the 88-year-old's artistry for future generations in a project at the New York Public Library for the Performing Arts.
American tap dancer Brenda Bufalino talks to CBS News chief medical correspondent Jon LaPook about the many ebbs and flows of the art form and reflects on her career.
Michelle Pfeiffer talks with "CBS Mornings" about starring alongside Kurt Russell in "The Madison." She describes how she decided to take on the character and explains after decades in the entertainment industry why she still gets nervous in new roles.
Less than a week into a trial over Live Nation's alleged monopoly of the event ticket business, the parent company of Ticketmaster has reached a tentative settlement with the Justice Department. Kenneth Dintzer, antitrust attorney with the law firm Crowell & Moring, joins CBS News to break down the deal.
A woman has been arrested for allegedly firing several shots Sunday at the Beverly Hills home of pop music star Rihanna. CBS News Los Angeles' Tina Patel reports.
The Defense Department has notified senior leadership that they must remove Anthropic's products from their system within 180 days, the latest salvo in a feud between the AI company and the Trump administration.
David Pogue, an author and correspondent for "CBS Sunday Morning," talks about covering the rise of Apple over his career as the company is set to turn 50 next month, and his new book, "Apple: The First 50 Years."
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.
Artificial intelligence can give some workers "brain fry" if overused, according to a new study published in Harvard Business Review.
David Pogue, author of "Apple: The First 50 Years," talks with Apple's co-founder Steve Wozniak, CEO Tim Cook, and others about the vision of Steve Jobs, and how the company's products and services have reshaped life, technology and culture in the 21st century.
A new study in the journal Nature says most sea level rise research may have underestimated coastal water heights by an average of 1 foot.
NASA Administrator Jared Isaacman announced significant changes to the agency's Artemis program, which aims to land on the moon in 2028.
Documents might help scientists shed light on unexplained phenomena and government secrets, experts said.
A large shark was caught on camera for the first time in Antarctica's waters, surprising researchers. "There's a general rule of thumb that you don't get sharks in Antarctica," one said.
On the evening of Christmas 1776, Gen. George Washington surprised the King's forces by leading the Continental Army in a surprise crossing of a near-frozen Delaware River - a watershed military maneuver that dramatized a changing America, and a changing climate.
New video has emerged of fuses being bought at a Pennsylvania fireworks store by one of the suspects accused of throwing explosive devices outside the New York City mayoral residence. CBS News national correspondent Jericka Duncan has more.
One of two men accused of throwing IEDs at protesters in New York City appears to have purchased fuses at a fireworks store in a Philadelphia suburb last week.
New York City police have given the all clear after concluding a suspicious package found near Gracie Mansion, the official residence of Mayor Zohran Mamdani, was harmless.
Shots were fired outside of the U.S. consulate in Toronto, Canada, early Tuesday morning, police said. CBS News' Shanelle Kaul has more.
There is a heavy police presence near New York City's Gracie Mansion, the official residence of New York City Mayor Zohran Mamdani, as officials investigate a suspicious package found in the area. CBS News' Shanelle Kaul has more.
The Van Allen probe's mission was meant to last two years, but ended up going for nearly seven.
NASA has announced a major overhaul of its Artemis moon program amid ongoing safety concerns. CBS News space consultant Bill Harwood has more details.
NASA announced an overhaul to its Artemis moon program as safety concerns persist. CBS News space contributor Christian Davenport breaks down the key takeaways.
NASA Administrator Jared Isaacman announced significant changes to the agency's Artemis program, which aims to land on the moon in 2028.
NASA's Artemis II mission continues to face concerns and delays. Scott E. Parazynski, a former astronaut, joins CBS News with more.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
President Trump is offering political risk insurance to any tankers operating near Iran as the Iran war continues. Jatin Dua, director of the Oceans Lab at the University of Michigan, joins "The Daily Report" to discuss.
Warning: Some viewers may find images in this report disturbing. Defense Secretary Pete Hegseth vowed that Tuesday would be the most intense day of strikes against Iran. CBS News' Holly Williams reports on the impact of the war so far and Sam Vinograd has more on the Strait of Hormuz.
New video has emerged of fuses being bought at a Pennsylvania fireworks store by one of the suspects accused of throwing explosive devices outside the New York City mayoral residence. CBS News national correspondent Jericka Duncan has more.
President Trump is preparing an executive order that he says will try to revert the economics of college sports back to what they were like before players could profit from their name, image, and likeness. Ross Dellenger, college football reporter for Yahoo Sports, joins to unpack what the president is trying to do.
Georgia's Tuesday special election to replace former Rep. Marjorie Taylor Greene is shaping up to be a potential test of grassroots energy and the power of an endorsement from President Trump. Political strategists Matt Bennett and Maura Gillespie join with analysis.