U.S. deficit will top $1 trillion next year, watchdog says
Over the next decade, the U.S. will spend about $1.2 trillion more than it takes in every year, CBO estimates
Watch CBS News
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.
The U.S. soon will spend more on the national debt than on kids' health or education programs
Congressional Budget Office says tax cuts, increased federal spending will widen the government budget gap
Only a year ago, President Trump promised to eliminate the national debt in 8 years, but it has just hit a dizzying new historical high
From stock prices to opioids, here's a deep statistical dive into the shape of America one year later
Rumors fly periodically that Beijing will shrink its $1.2T in U.S. debt -- here's why that isn't likely to happen
Yes, Americans will see more take-home pay in 2018, but by 2025 a majority in the middle class will be paying more taxes
Its one-page memo says the reductions will pay for themselves, based on an assumption few economists agree with
House Republicans unveiled their tax overhaul last week, and have been marking up their legislation in committee this week
He made the comment this week in an interview on Fox News' "Hannity"
Since President Trump signed a critical debt ceiling bill last week, the national debt increased by $319 billion
Trump's latest tweets underscored the perilous state of play as Congress heads back to work
He still wants Congress to raise the debt limit by August, but now he says the U.S. won't default if that date slips
With tax revenues coming in slower than forecast, the deadline for action is moving up, to GOP conservatives' chagrin
America's debt-to-GDP ratio could nearly double in the next 30 years, posing "substantial risks," a new report warns
After running hot for months, stocks have suddenly turned cold as the prospects of political gridlock gain strength
A nonpartisan budget group said the decrease has nothing to do with Trump's policies
The U.S. needs policies that can boost growth, jobs, living standards and fairness -- and politics won't make that any easier
That's what a new think tank study shows, which also finds Hillary Clinton's plans would add $250 billion in new debt
President Trump said Friday that three outlets would be banned from the White House, "effective immediately."
The U.S. military has escorted one billion barrels of oil and over 2,000 commercial vessels out of the Persian Gulf in the last couple of months, the Pentagon said.
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.
President Trump announced he struck a deal to give the U.S. "permanent control over security, and all other needs, in Greenland.
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.
One Cuba resident said there is "no way to know" when power will be restored to the island nation.
The proposed sale is subject to congressional review.
The lawsuit argues the leading AI companies violated antitrust laws when they agreed to coordinate slowdown efforts.
Between 1933 and 1945, the Nazi regime orchestrated the largest art theft in world history, seizing over 600,000 works of art across Europe from Jewish families, collectors and museums.
Between 1933 and 1945, the Nazi regime orchestrated the largest art theft in world history, seizing over 600,000 works of art across Europe from Jewish families, collectors and museums.
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.
The lawsuit argues the leading AI companies violated antitrust laws when they agreed to coordinate slowdown efforts.
President Trump said Friday that three outlets would be banned from the White House, "effective immediately."
One Cuba resident said there is "no way to know" when power will be restored to the island nation.
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.
"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.
Employment fell last year in U.S. cities where ICE arrests surged, according to the Brookings Institution.
Cybersecurity researchers said they were able to use Anthropic's Claude AI platfom to penetrate ChatGPT in "less than 72 hours."
The manufacturer has received hundreds of reports of blankets "smoking, melting or burning" due to overheating, according to a recall notice.
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.
President Trump said Friday that three outlets would be banned from the White House, "effective immediately."
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."
One Cuba resident said there is "no way to know" when power will be restored to the island nation.
The proposed sale is subject to congressional review.
Lisa Fasone's first pregnancy went smoothly. Then a rare health condition put her dreams of a second child on hold.
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.
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.
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
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.
Between 1933 and 1945, the Nazi regime orchestrated the largest art theft in world history, seizing over 600,000 works of art across Europe from Jewish families, collectors and museums.
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."
One Cuba resident said there is "no way to know" when power will be restored to the island nation.
The proposed sale is subject to congressional review.
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.
In this web exclusive recorded in 2013, Cher talked with correspondent Anthony Mason about her relationship with clothes, and her decades-long work with costume designer Bob Mackie, who dressed her for "The Sonny & Cher Show," TV specials, and stage productions. [Mackie died on Sept. 14, 2026 at age 87.]
In his memoir, the Hollywood superagent and mogul writes of coming to blows in the competitive entertainment universe – and, in one instance, being sidelined by the business end of a truck.
President Trump bans some journalists from the White House, how Apple broke into retail, plus Tex-Mex barbecue on The Dish.
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.
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.
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.
"What Not to Wear" stylist Stacy London and co-founder Ruth Foxe Blader share all about their new digital closet organizing service, Starmoire.
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.
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."
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.
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.
Scientists have discovered a new species of wild cat for the first time in more than a century, a Bolivian researcher says.
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.
Archaeologists say they've discovered the remains of a likely ancient Egyptian warhorse given an honorific burial more than 3,000 years ago.
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.
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.
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.
The holdout juror in Lindsay Clancy's triple murder case has released a statement. Shanelle Kaul reports.
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.
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.
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's Roman Space Telescope launched shortly after daybreak from Kennedy Space Center and blazed toward an observation point 1 million miles away.
The $4.3 billion telescope is expected to discover tens of thousands of exoplanets while probing the nature of mysterious dark matter and energy.
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.
The mission to save NASA's sinking space telescope has been called off, dooming the telescope to a fiery reentry later this year.
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, 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.
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 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.
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
In this web exclusive recorded in 2013, Cher talked with correspondent Anthony Mason about her relationship with clothes, and her decades-long work with costume designer Bob Mackie, who dressed her for "The Sonny & Cher Show," TV specials, and stage productions. [Mackie died on Sept. 14, 2026 at age 87.]
President Trump bans some journalists from the White House, how Apple broke into retail, plus Tex-Mex barbecue on The Dish.
Chef and pitmaster Brandon Hurtado blends Texas tastes with Mexican American barbecue traditions at Hurtado BBQ.
"What Not to Wear" stylist Stacy London and co-founder Ruth Foxe Blader share all about their new digital closet organizing service, Starmoire.
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.