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.
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The national debt is rising faster than ever and threatens to undermine confidence in the economy, experts warn.
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.
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.
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.
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 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.
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.
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.
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.
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 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.
The national debt stands at about $36.2 trillion, and economists are concerned aboutthe growing deficit's impact. Here's what to know.
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.
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.
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.
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.
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 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.
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.
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.
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.
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.
House Republicans are planning to vote on a new short-term funding measure after a previous plan collapsed Wednesday night due to pushback from President-elect Donald Trump. CBS News' Scott MacFarlane and Robert Costa report on the deal.
Republican Rep. Rich McCormick of Georgia joins "America Decides" to discuss if he will support the Republican's new spending deal.
For the second time in three months, Congress is facing a fast-approaching deadline to pass a short-term funding bill to prevent a government shutdown. President-elect Donald Trump and some other Republican lawmakers have spoken out against it. Meanwhile, Trump has suggested that members of the now-disbanded House Jan. 6 committee should be criminally targetted. CBS News' Hunter Woodall and Ed O'Keefe have more details.
As his standoff with America's closest allies escalates, President Trump says not getting the Nobel Peace Prize means he's no longer obligated "to think purely of Peace."
The Supreme Court will hear arguments on Wednesday over President Trump's attempt to fire Lisa Cook from the Federal Reserve's Board of Governors.
Valentino Garavani's high-glamour gowns were fashion show staples for nearly half a century.
Iran's police chief says young people who joined protests were "deceived," and if they surrender within three days, they "will be treated with leniency."
Minneapolis Police Chief Brian O'Hara says he worries about escalating tensions. But top ICE official Marcos Charles says his officers act "lawfully and with professionalism."
Thousands of pounds of ready-to-eat chicken products have been recalled due to potential contamination with listeria, officials say. The products were sold in 7 states.
A Florida agency's latest report on theme park injuries says a woman died after becoming unresponsive on Universal Studios' Revenge of the Mummy roller coaster.
Spanish police said Monday that at least 40 people died and 159 were injured in a high-speed train collision in southern Spain.
Marius Borg Hoiby, who is accused of raping four women, has been charged with new crimes, including a "serious narcotics offense," prosecutors said.
The Supreme Court will hear arguments on Wednesday over President Trump's attempt to fire Lisa Cook from the Federal Reserve's Board of Governors.
It will mostly be business as usual for homeowners this tax season. However, new changes introduced under the "big, beautiful bill" may affect how they file.
A Florida agency's latest report on theme park injuries says a woman died after becoming unresponsive on Universal Studios' Revenge of the Mummy roller coaster.
Thousands of pounds of ready-to-eat chicken products have been recalled due to potential contamination with listeria, officials say. The products were sold in 7 states.
Most stores on Monday are open during their regular business hours on Martin Luther King Jr. Day, with a few exceptions.
It will mostly be business as usual for homeowners this tax season. However, new changes introduced under the "big, beautiful bill" may affect how they file.
Nearly 3,000 high-level participants from business, government and beyond are converging on the Swiss town of Davos for the annual meeting.
Thousands of pounds of ready-to-eat chicken products have been recalled due to potential contamination with listeria, officials say. The products were sold in 7 states.
Most stores on Monday are open during their regular business hours on Martin Luther King Jr. Day, with a few exceptions.
As the president prepares to replace Federal Reserve Chair Jerome Powell, he's made no secret of his goal for lower interest rates — but there are a few political roadblocks in the way.
The Supreme Court will hear arguments on Wednesday over President Trump's attempt to fire Lisa Cook from the Federal Reserve's Board of Governors.
As his standoff with America's closest allies escalates, President Trump says not getting the Nobel Peace Prize means he's no longer obligated "to think purely of Peace."
The Justice Dept. says it's investigating a group of protesters in Minnesota who disrupted services at a church where a local ICE official apparently serves as a pastor.
A Trump administration initiative is upending 60 years of efforts by the federal government to prevent discrimination against minority groups in the U.S.
On this "Face the Nation with Margaret Brennan" broadcast, DHS Secretary Kristi Noem and Minneapolis Mayor Jacob Frey join Margaret Brennan.
Dr. Rachel Nazarian, a board-certified dermatologist, joins "CBS Mornings" to share her tips for saving your dry winter skin.
A review of studies published in The Lancet found no link between acetaminophen use during pregnancy and autism, contradicting the Trump administration's recent claims.
Lacy Cornelius Boyd needed IV nutrition and an ileostomy bag after a devastating car crash. A rare transplant was her only option.
A new analysis of dozens of peer-reviewed medical studies found no link between the use of Tylenol during pregnancy and diagnoses of autism, ADHD or intellectual disabilities in children.
"It's as definitive as we're going to get," CBS News medical contributor Dr. Céline Gounder said of the new research, which found no connection between Tylenol and autism or ADHD.
The video shows burglars slicing into display cases under the eyes of several Louvre Museum staff members who do not intervene.
Valentino Garavani's high-glamour gowns were fashion show staples for nearly half a century.
Iran's police chief says young people who joined protests were "deceived," and if they surrender within three days, they "will be treated with leniency."
Marius Borg Hoiby, who is accused of raping four women, has been charged with new crimes, including a "serious narcotics offense," prosecutors said.
Nearly 3,000 high-level participants from business, government and beyond are converging on the Swiss town of Davos for the annual meeting.
Billy Bob Thornton joins "CBS Mornings" to discuss the second season of the hit series "Landman," which he stars in as oil executive Tommy Norris. Thornton talks about his immediate chemistry with Ali Larter and why the show resonates with viewers.
The publisher of the Daily Mail tabloid denies claims by Prince Harry and other celebrities of "unlawful information gathering."
As a young boy, Judd Apatow says he wanted to grow up to be like the director of such classics as "Blazing Saddles" and "Young Frankenstein." Now Apatow has co-directed a two-part HBO Max documentary about his idol: "Mel Brooks: The 99 Year Old Man!"
As a young boy, Judd Apatow says he wanted to grow up to be like Mel Brooks, the filmmaker of such comedy classics as "Blazing Saddles" and "Young Frankenstein." Now Apatow has co-directed a two-part HBO Max documentary about his idol, "Mel Brooks: The 99 Year Old Man!" Apatow talks with Tracy Smith about the World War II veteran who broke comedy taboos by lampooning Nazis and racists, and about Brooks' long friendship with another comic legend, Carl Reiner.
The Swedish actor has been in 150 films and TV shows, from "Breaking the Waves" and "Mamma Mia!" to "Andor." He talks about his Golden Globe-winning performance in "Sentimental Value," playing a filmmaker-father trying to reconcile with his actress-daughters.
"Sunday Morning" looks back at historical events on this date.
A new investigative report by 404 Media says ICE agents have a new high-tech way to zero in on neighborhoods to raid. The report says it's an app called Elite, powered by Palantir. Joseph Cox, an investigative journalist at 404 Media, discusses his reporting on CBS News.
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.
The ads will appear at the bottom of the chat window on the free and low-subscription versions of ChatGPT, OpenAI said Friday in a blog post.
Elon Musk is facing a lawsuit from Ashley St. Clair, with whom he shares a child, over deepfakes of her undressed made by his AI chatbot Grok. CBS News legal contributor Jessica Levinson joins with analysis.
"Sunday Morning" looks back at historical events on this date.
The Dinosaur National Monument, which is located on the border between Colorado and Utah, was last excavated in 1924.
Have you ever wondered if your dog is eavesdropping on you? A new study published in the Journal of Science found that some dogs are not only listening, but are also learning words. Lead scientist Dr. Shany Dror joins CBS News to discuss.
Fossilized bones and teeth dating to 773,000 years ago are providing a deeper understanding of the emergence of Homo sapiens.
If you rang in the new year with a kiss, you took part in a tradition millions of years in the making. Scientists now say the origins of kissing go back much farther than most think. CBS News' Tina Kraus has more.
The video shows burglars slicing into display cases under the eyes of several Louvre Museum staff members who do not intervene.
Police made a third arrest in connection with the murder of a Tennessee man who was linked to the religious group "His Way Spirit Led Assemblies," based in Inland Empire, California. CBS News' Shanelle Kaul has more details.
U.S. officials tell CBS News that the Justice Department has opened an investigation into Minnesota Gov. Tim Walz and Minneapolis Mayor Jacob Frey. CBS News legal contributor Jessica Levinson has more.
A judge and his wife were shot in their home this past weekend in Lafayette, Indiana.
Marius Borg Hoiby, who is accused of raping four women, has been charged with new crimes, including a "serious narcotics offense," prosecutors said.
Inch by inch, NASA's Artemis II moon rocket lumbered along its four-mile commute from the Vehicle Assembly Building to launch pad 39-B. Mark Strassmann is at the Kennedy Space Center in Florida with more.
Four Artemis II astronauts plan to fly around the moon and back next month, traveling farther from Earth than any humans before them.
NASA is beginning its rollout of its Space Launch System rocket and Orion spacecraft as preparations for the Artemis II mission enter their final stage.
Depending on the timing, NASA could launch a fresh crew to the space station while four other astronauts are flying around the moon.
NASA says it could be just weeks away from launching astronauts on a flight around the moon for the first time in more than half a century. Final preparations are underway at Kennedy Space Center in Florida, where the Artemis II moon rocket is expected to roll out to the launch pad on Saturday.
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's push to take over Greenland has escalated into a trade dispute that's sparking anger across Europe. Philip Luck, director of the Economics Program at the Center for Strategic and International Studies, joins with analysis.
A massive fire broke out at a shopping mall in Karachi, Pakistan, over the weekend, killing at least 23 people with dozens more missing. Videos captured the aftermath of the fire as rescuers sifted through the rubble to search for survivors.
The U.S. is celebrating Martin Luther King Jr. Day on Monday. Jeanne Theoharis, a professor of political science and history at Brooklyn College, breaks down how the day has changed under the Trump administration.
President Trump's latest tariff threats, related to his plan for Greenland, have European leaders reeling. Philip Luck, the economics program director at the Center for Strategic and International Studies, breaks down how tariff implementation would impact U.S. consumers.
Legendary fashion designer Valentino Garavani died Monday at age 93, his foundation announced on social media. CBS News' Shanelle Kaul has more.