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Treasury Secretary Scott Bessent hit back at Rep. Richard Neal during a House hearing, claiming the Democrats "voted for the biggest blowout for the deficit in history." "So I find it very difficult to be lectured to by people who created the largest deficit in history."
Rep. Linda Sánchez of California and Treasury Secretary Scott Bessent sparred over President Trump's tariff policy at a House hearing on the department's budget request. Sánchez questioned whether the Trump administration negotiated a good trade deal with China.
Treasury Secretary Scott Bessent is testifying before the House Ways and Means Committee on Wednesday, while Defense Secretary Pete Hegseth is testifying before the Senate Appropriations subcommittee on the 2026 Defense Department budget. CBS News' Taurean Small has the latest updates.
Treasury Secretary Scott Bessent dodged questions from Rep. Lloyd Doggett about the Trump administration's efforts to revoke Harvard University's tax exemption. Doggett also pressed Bessent at a House Ways and Means Committee hearing on allegations that the IRS is releasing the personal information of millions of Americans to the Department of Government Efficiency.
Treasury Secretary Scott Bessent is testifying before the House Ways and Means Committee in Washington, D.C., where he boasted new Consumer Price Index data that showed cooling inflation. The rate did show a slight rise from April's numbers, however. Bessent also called out China after he spent days in London negotiating with senior Chinese officials on a potential trade agreement.
The U.S. and China have agreed on a "framework" to resolve some disputes that threatened to derail fragile talks between the two countries.
U.S. and Chinese officials met in London on Monday for a second round of trade talks. CBS News senior business and technology correspondent Jo Ling Kent has the latest on where things stand in negotiations to strike a deal between the world's two largest economies.
Treasury Secretary Scott Bessent tells "Face the Nation with Margaret Brennan" that President Trump and Chinese President Xi Jinping will have a conversation soon amid the tariff standoff, and he's "confident" the details of a trade agreement "will be ironed out" when they talk.
Treasury Secretary Scott Bessent said Moody's Ratings is a "lagging indicator" after the agency downgraded the U.S. credit rating. CBS News business contributor Javier David joins "CBS Morning News" with more.
Trade discussions between Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng ended after a weekend of prolonged negotiations.
Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer are set to meet with Chinese officials for trade talks in Switzerland this weekend. Ahead of the meeting, President Trump seemed to suggest he'd be open to lowering the tariff rate on Chinese imports. CBS News' Nikole Killion and Kelly O'Grady have more.
The so-called "X-date" marks when the government could run out of borrowing power and face an unprecedented default without action from Congress to address the debt limit.
As officials debate who pays for tariffs, small business owners say the answer is on their import bill. "CBS Evening News" co-anchor John Dickerson explains.
Treasury Secretary Scott Bessent told a House committee on Wednesday that he and U.S. trade representative Jamieson Greer will hold trade talks with Chinese officials in Switzerland on Saturday. CBS News senior White House correspondent Weijia Jiang reports.
Treasury Secretary Scott Bessent and U.S. trade representative Jamieson Greer will sit down with their Chinese counterparts in Switzerland for trade talks this weekend, but they'll do so after President Trump said the U.S. will not lower tariffs against China to kick-start talks. CBS News White House reporter Aaron Navarro has the newest details.
Treasury Secretary Scott Bessent told lawmakers at a House hearing on Tuesday that the U.S. is not yet engaged in trade negotiations with China.
Treasury Secretary Scott Bessent testified before lawmakers on Capitol Hill Tuesday. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Treasury Secretary Scott Bessent spoke at the Milken Institute Global Conference Monday, pointing to tariffs, tax cuts and deregulation as the three core components of President Trump's economic agenda. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Treasury Secretary Scott Bessent says some uncertainty is good as President Trump negotiates trade deals with other nations. CBS News' Kelly O'Grady breaks down how the markets and investors feel about navigating economic uncertainty during President Trump's second term.
The Dow Jones rebounded for a second day on Wednesday after the White House signaled a potential U-turn on tariffs placed on China. CBS News' Fin Gómez and Caitlin Huey-Burns join "America Decides" with the latest.
Treasury Secretary Scott Bessent blasted the International Monetary Fund and the World Bank as worries over President Trump's tariffs persist. CBS MoneyWatch correspondent Kelly O'Grady reports.
Treasury Secretary Scott Bessent told investors behind closed doors that he sees the trade situation with China as unsustainable. CBS News MoneyWatch correspondent Kelly O'Grady joins "America Decides" to discuss.
Defense Secretary Pete Hegseth is facing some calls to resign over a second Signal chat where he reportedly discussed sensitive military plans with his wife, brother and personal attorney. CBS News chief White House correspondent Nancy Cordes reports how the Trump administration is processing it all.
Since the Trump administration announced sweeping new tariffs, there's been mixed messaging from the White House. President Trump announced Wednesday that higher levies on the vast majority of America's trading partners will be paused for 90 days. CBS News' Weijia Jiang, Jill Schlesinger and Kelly O'Grady report and answer viewer questions.
White House spokeswoman Karoline Leavitt said President Trump's tariffs represented "the art of the deal."
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 pileup in Michigan is the latest impact of the major winter storm moving across the U.S. More than 200 million people are in the path of the arctic blasts.
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.
"We have a fiduciary duty to Nippon," U.S. Steel CEO David Burritt said, but noted, "We're still mined, melted and made in the good ol' USA."
A program that had played in a grand total of 13 bowl games in the 130-some years before coach Curt Cignetti arrived in 2024 went on a historic run en route to a 16-0 season and a national title.
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.
The U.S. Department of Justice says claims made in a lawsuit seeking an immediate stop to the surge of U.S. Immigration and Customs Enforcement in Minnesota are "legally frivolous."
Marius Borg Hoiby, who is accused of raping four women, has been charged with new crimes, including a "serious narcotics offense," prosecutors said.
A program that had played in a grand total of 13 bowl games in the 130-some years before coach Curt Cignetti arrived in 2024 went on a historic run en route to a 16-0 season and a national title.
"We have a fiduciary duty to Nippon," U.S. Steel CEO David Burritt said, but noted, "We're still mined, melted and made in the good ol' USA."
The pileup in Michigan is the latest impact of the major winter storm moving across the U.S. More than 200 million people are in the path of the arctic blasts.
The U.S. Department of Justice says claims made in a lawsuit seeking an immediate stop to the surge of U.S. Immigration and Customs Enforcement in Minnesota are "legally frivolous."
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.
"We have a fiduciary duty to Nippon," U.S. Steel CEO David Burritt said, but noted, "We're still mined, melted and made in the good ol' USA."
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.
The U.S. Department of Justice says claims made in a lawsuit seeking an immediate stop to the surge of U.S. Immigration and Customs Enforcement in Minnesota are "legally frivolous."
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.
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.
Acclaimed fashion designer Valentino Garavani, known simply as Valentino, has died at age 93. Seth Doane looks back at his life and legacy.
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.
"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.
A state judge and his wife were shot inside their home in Indiana on Sunday. Both survived, and a manhunt is on for the shooter, who apparently fired a shotgun through the door of their Lafayette home. Matt Gutman has the latest.
The U.S. Department of Justice says claims made in a lawsuit seeking an immediate stop to the surge of U.S. Immigration and Customs Enforcement in Minnesota are "legally frivolous."
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.
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 maintains that the U.S. needs Greenland for American and NATO security, but many defense experts point out that a 1951 treaty already allows the U.S. to keep a consistent military presence on the island. CBS News' Lindsey Reiser explains.
CBS News polling shows the majority of Americans think ICE is making communities less safe. The new data comes in the wake of the deadly shooting of Renee Good by an ICE officer and the mass protests in Minneapolis that have followed. CBS News executive director of elections and surveys Anthony Salvanto unpacks the findings.
Four people in the U.S. have been killed in avalanches so far this year, according to the National Avalanche Center. CBS News Colorado meteorologist Joe Ruch explains the science behind avalanches and shares safety tips.
Since President Trump took office for the second time, his efforts to reshape the Justice Department have resulted in a new focus on so-called reverse discrimination. CBS News justice correspondent Scott MacFarlane has the details.
The College Football Playoff championship game is being held in Miami on Monday night. The Miami Hurricanes will take on the Indiana Hoosiers, who are making their first appearance in the title game. Tony Dokoupil has more.