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.
United States Department of the Treasury
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.
Bond market sell-off threatens to drive up loan costs
The yield on the 30-year Treasury this week hit its highest level since 2007, a rise that could put upward pressure on borrowing costs.
Dow closes down over 1,000 points
Amid energy price spikes caused by the Iran war and persistently high inflation, the Federal Reserve decided on Wednesday to hold interest rates steady for the fifth straight time. CBS News MoneyWatch correspondent Kelly O'Grady reports.
U.S. targets California-born leader of notorious Jalisco cartel
Juan Carlos Gonzalez, also known as "Pelon," is the stepson of "El Mencho" — real name Nemesio Oseguera — who was injured and later died in a military sweep.
U.S. Mint to make $1 gold coin with Trump's face on it
It's the latest effort by President Trump to make his mark on Washington, D.C.
Timeline of latest U.S. strikes on Iran
U.S. Central Command said it launched strikes against Iran on Tuesday after tanker attacks in the Strait of Hormuz. CBS News senior national security correspondent Charlie D'Agata has the details.
Bessent talks Trump Accounts' July 4 debut
Treasury Secretary Scott Bessent spoke exclusively with Kelly O'Grady about inflation, gas prices and Trump Accounts, which are now available.
Bessent talks Trump accounts, inflation
Treasury Secretary Scott Bessent spoke exclusively with Kelly O'Grady about Trump accounts, which officially launch on Saturday, as well as when gas prices could lower to pre-Iran war levels and wage growth for Americans.
U.S. announces new bank alert targeting powerful drug cartel
Two men and nine companies are accused of being tied to a cartel-linked fuel theft ring intended to evade taxes while generating tens of millions of dollars annually.
Treasury Department plans to use Iranian assets to help U.S. Gulf allies recover
The Treasury Department will use Iranian assets to help U.S. Gulf allies recover from damage caused by Tehran's regime, a source familiar with Treasury Secretary Scott Bessent's thinking told CBS News.
Trump, DOJ settle $10 billion lawsuit
President Trump and the Justice Department reached a settlement Monday in his $10 billion lawsuit against the IRS and Treasury Department over his leaked tax returns. CBS News' Jake Rosen has more.
U.S. sanctions alleged "gatekeeper" of cartel human smuggling routes
The Cartel del Noreste has been accused of trafficking weapons, drugs and people, and is characterized by its violent practices and extortion.
Trump's signature to be featured on U.S. paper currency, Treasury says
The Treasury Department plans to add President Trump's signature to new U.S. paper currency, a first for a sitting president.
U.S. sees rounding problem as pennies dwindle
Months after the U.S. minted its last penny, Americans are experiencing a shortage of the one-cent coin. CBS News reporter Kati Weis has the details on how some states are working on legislation to address the rounding issue in cash purchases.
Rep. Rick Crawford on Iran's new leader, more
Treasury Secretary Scott Bessent said Thursday that the U.S. will escort ships through the Strait of Hormuz as Iran ramps up attacks on the crucial shipping channel. Republican Rep. Rick Crawford of Arkansas, chair of the House Intelligence Committee, joins "The Takeout" to discuss the state of the war.
Bessent defends Powell probe, Trump Accounts
In an interview with CBS News, Treasury Secretary Scott Bessent defended the DOJ investigation into Fed Chair Jerome Powell, saying, "I think that the message is that independence does not mean no accountability." He also addressed the new Trump Accounts, which are tax-deferred investment accounts created for every American child born between January 1, 2025 and December 31, 2028.
Read the full transcript of Kelly O'Grady's interview with Scott Bessent
Treasury Secretary Scott Bessent addressed the ongoing investigation into Federal Reserve Chair Jerome Powell and the White House's new $1,000 "Trump Accounts" in an interview with Kelly O'Grady. Read the full transcript of their conversation.
Bessent touts Trump Accounts as rainy day fund, slams critics as "out of touch"
Treasury Secretary Scott Bessent emphasized the benefits of Trump Accounts and addressed affordability concerns in an interview with CBS News.
Full interview: Treasury Secretary Bessent
U.S. Treasury Secretary Scott Bessent sits down with "CBS Saturday Morning" co-host Kelly O'Grady to discuss the Department of Justice's ongoing investigation into Federal Reserve Chair Jerome Powell, respond to critics of Trump Accounts and more.
Beauty salon, others sanctioned for trafficking cocaine to U.S.
The sanctions target family-operated companies, including Magic Esthetic Salon, linked to alleged drug trafficking and money laundering.
U.S. Treasury Secretary pushes for Minnesota fraud crackdown
U.S. Treasury Secretary Scott Bessent announced the creation of a new IRS task force and other measures to combat fraud, underscoring the Trump administration's focus on Minnesota amidst the immigration crackdown.
Treasury Department probing COVID fraud scheme
The Treasury Department is currently investigating whether Minnesota welfare money stolen in a massive fraud scheme went to a Somali terror group. CBS Minnesota investigative reporter Jonah Kaplan has the details.
IRS whistleblowers release book on Hunter Biden case
In 2023, two IRS employees came forward and alleged the Justice Department was improperly handling the tax fraud case against Hunter Biden. Now, they have a new book out called "The Whistleblowers vs. The Big Guy." Whistleblower Joseph Ziegler joins to discuss.
What will companies do without pennies? We asked McDonald's, Kroger and more
The U.S. Mint in Philadelphia pressed its last circulating penny on Wednesday, after President Trump earlier this year directed the Treasury to stop minting new one-cent coins.
Dolly Parton, country music legend, dies at age 80
Dolly Parton became an icon over her six-decade career as a Grammy-winning singer-songwriter, movie and TV star and theme park owner who donated millions to help others.
First on CBS
CIA Director John Ratcliffe on secret trip in Russia
A U.S. Air Force Boeing C-17A Globemaster III transport plane was spotted at a Moscow airport, along with a U.S. diplomatic motorcade, according to public reports.
U.S. airman faces charges for criticizing Trump over Iran war
The charges against Major Jason Watson are believed by his attorneys to be among the only instances for officers of his rank in the history of the U.S. military to be charged under Article 88.
Where will Lindsay Clancy end up after her murder trial? Legal experts explain.
Lindsay Clancy has pleaded not guilty to three counts of first-degree murder in the January 2023 strangulation deaths of her children.
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Iran says it's ready for new U.S. sanctions, has 2-year plan
Iran's economy minister said the country has been preparing for a long time for the sanctions U.S. Treasury Secretary Scott Bessent described as the "greatest financial offensive" ever.
First on CBS
ICE releases father of U.S. Navy sailor serving on USS Abraham Lincoln
Luis Manuel Aviles Roa, the father of a U.S. Navy sailor onboard the USS Abraham Lincoln, was released by ICE on Tuesday, his family told CBS News.
Canada announces tariffs of up to 50% on $20 billion in U.S. goods
Canadian government officials said they are also providing aid for workers and businesses that could be hurt by U.S.-imposed tariffs.
Feds consider charging ICE officer accused of shooting immigrant in Minnesota
The shooting took place in January during the Trump administration's immigration operation in Minnesota.
At least 1 in 4 ex-NFL players who died from 2016 to 2021 had CTE, study finds
The rate is much higher than is seen in the general population. CTE is a brain disease linked to repeated blows to the head.
U.S.
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Feds consider charging ICE officer accused of shooting immigrant in Minnesota
The shooting took place in January during the Trump administration's immigration operation in Minnesota.
Where will Lindsay Clancy end up after her murder trial? Legal experts explain.
Lindsay Clancy has pleaded not guilty to three counts of first-degree murder in the January 2023 strangulation deaths of her children.
Dolly Parton, country music legend, dies at age 80
Dolly Parton became an icon over her six-decade career as a Grammy-winning singer-songwriter, movie and TV star and theme park owner who donated millions to help others.
First on CBS
ICE releases father of U.S. Navy sailor serving on USS Abraham Lincoln
Luis Manuel Aviles Roa, the father of a U.S. Navy sailor onboard the USS Abraham Lincoln, was released by ICE on Tuesday, his family told CBS News.
Canada announces tariffs of up to 50% on $20 billion in U.S. goods
Canadian government officials said they are also providing aid for workers and businesses that could be hurt by U.S.-imposed tariffs.
MoneyWatch
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Canada announces tariffs of up to 50% on $20 billion in U.S. goods
Canadian government officials said they are also providing aid for workers and businesses that could be hurt by U.S.-imposed tariffs.
United Airlines to add 10 new international routes. See where.
The new overseas routes represent the largest expansion in the airline's history, United said.
Callaway Golf CEO says "mistakes were made" over controversial ad
The ad for a new driver had sparked an online backlash, with viewers criticizing the spot for trivializing violence against women.
Why Trump's Canada tariffs are likely to have a modest impact on prices
Although some Canadian goods will get more expensive in the U.S., trade experts don't expect a broader inflation spike.
Gen Xers fret over Social Security. "I will likely be working in retirement."
Millions of Generation X Americans expect to depend on Social Security as their main — or only — source of retirement income.
Politics
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Feds consider charging ICE officer accused of shooting immigrant in Minnesota
The shooting took place in January during the Trump administration's immigration operation in Minnesota.
First on CBS
ICE releases father of U.S. Navy sailor serving on USS Abraham Lincoln
Luis Manuel Aviles Roa, the father of a U.S. Navy sailor onboard the USS Abraham Lincoln, was released by ICE on Tuesday, his family told CBS News.
Abdul El-Sayed distances himself from Hasan Piker
Popular left-wing streamer Hasan Piker drew stiff criticism from prominent Democrats on Monday after arguing that some Jewish Americans' support for Israel is "making antisemitism worse."
Canada announces tariffs of up to 50% on $20 billion in U.S. goods
Canadian government officials said they are also providing aid for workers and businesses that could be hurt by U.S.-imposed tariffs.
U.S. airman faces charges for criticizing Trump over Iran war
The charges against Major Jason Watson are believed by his attorneys to be among the only instances for officers of his rank in the history of the U.S. military to be charged under Article 88.
HealthWatch
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Pennsylvania records first 2 measles deaths in 35 years
Pennsylvania has recorded its first two deaths connected to measles in 35 years.
At least 1 in 4 ex-NFL players who died from 2016 to 2021 had CTE, study finds
The rate is much higher than is seen in the general population. CTE is a brain disease linked to repeated blows to the head.
Trump and Kennedy's health industry deals are at risk of vanishing
The agreements, covering issues like drug pricing, reducing the use of synthetic food dyes, and cutting back on insurance prior authorization rules, were announced with fanfare and touted as victories.
8-year-old girl dies from brain-eating amoeba infection in Louisiana
Lillian Smart, 8, has died after being infected by an extremely rare brain-eating amoeba that is found in warm freshwater, her family said.
Trump puts autistic kids in the spotlight and cuts agencies built to protect them
Researchers and disability rights advocates warn that the dismantling of the Education Department and its erosions of civil rights oversight risk widening the disparities autistic children face.
World
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Gun-running ship located 78 years after being sunk by Israeli military
In June 1948, Israeli forces opened fire and sank the boat in waters off Tel Aviv on the orders of David Ben Gurion, Israel's first prime minister.
U.K. estate used as Wayne Manor in "Batman Begins" must be surveyed for bats
Since being built in the 1850s, Mentmore Towers has been featured in "Batman Begins" and other movies, but has fallen into disrepair.
Will the U.S. sanctions against Iran work if they don't include China?
Analysts say without meaningful sanctions against China, Iran will likely survive this latest round of financial punishment.
Russian ex-official says "unknown sources" could attack U.K. drone plants
Former senior Russian diplomat says U.K. factories making drones for Ukraine "could be attacked - not by Russia, but from unknown sources."
First on CBS
CIA Director John Ratcliffe on secret trip in Russia
A U.S. Air Force Boeing C-17A Globemaster III transport plane was spotted at a Moscow airport, along with a U.S. diplomatic motorcade, according to public reports.
Entertainment
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Entertainment
Trump says he's lowering flags for Dolly Parton
President Trump on Tuesday said he is lowering the American flag throughout the U.S. following the death of legendary singer-songwriter Dolly Parton. CBS News' Anthony Mason, Jamie Wax and Nicole Valdes have more.
Dolly Parton's nephew announces her death
Dolly Parton, legendary singer-songwriter, actress and philanthropist, has died at 80. Her nephew announced her death on Tuesday in a video on social media. CBS News' Anthony Mason and Jamie Wax have more.
Dolly Parton on "I Will Always Love You"
Dolly Parton, the legendary singer-songwriter, actress and philanthropist, has died at 80, her family says. She spoke to CBS News' Rebecca Jarvis in 2012 about her song "I Will Always Love You," which Whitney Houston turned into a global phenomenon with her rendition for the "The Bodyguard" soundtrack. "She just took it worldwide and made it the most special song in the whole world for a long period of time," Parton said.
Early details after Dolly Parton dies at 80
Music legend Dolly Parton has died, her family says. She was 80 years old. Reed Cowan anchored CBS News' special coverage.
Dolly Parton dies at 80 | Special Report
Dolly Parton, legendary singer-songwriter, actress and philanthropist has died at 80, her family says. Tony Dokoupil anchored CBS News' special report.
Technology
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Musk's data centers push out family that's owned land for generations
A plant in Southaven, Mississippi, that powers Elon Musk's SpaceXAI data centers in the area has sparked backlash from residents concerned about noise and air pollution.
Elon Musk's data centers spark backlash
In Southaven, Mississippi, some residents are pushing back on SpaceXAI's expanding footprint in the region.
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.
Key takeaways from China's robot games
China's World Humanoid Robot Games is a technological showcase, but also a possible glimpse into the future of robotics. Anna Coren reports.
How the Robot Games are going in Beijing
The World Humanoid Robot Games are underway in Beijing, China, in a stadium repurposed from the 2022 Winter Olympics. Many of the machines on display can now outrun and out-jump even the best real-life Olympians. Anna Coren has the story.
Science
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Invasive Joro spiders are "slowly spreading." Here's what to do if you see one.
The Great Smoky Mountains National Park told visitors Tuesday that invasive Joro spiders "may be hanging in a web near you."
A summer of extremes: Weathering a hotter world
July was the hottest month ever in the Lower 48 States – another escalation of our world into a hotter, more dangerous planet, where extreme weather events – such as heat waves, wildfires and hurricanes – will become more common and more extreme.
A summer of extremes: Weathering a hotter world
July was the hottest month ever in the Lower 48 States, breaking a record last set during the Dust Bowl – just another step in the escalation of our world into a hotter, more dangerous planet. Correspondent Jonathan Vigliotti talks with climate journalist Jeff Goodell and atmospheric scientist Maria Molina about how changes in Earth's climate are increasing the likelihood that extreme weather events – such as heat waves, wildfires and hurricanes – will become more common and more extreme.
Views of the total solar eclipse in Europe
A total solar eclipse was visible in parts of Europe for the first time since 1912. Rob Marciano reports.
Europe sees total solar eclipse
A total solar eclipse turned day into night across a slice of Europe and North America on Wednesday, and put millions in unique contact with the heavens above. Meteorologist Rob Marciano reports from Spain.
Crime
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Crime
Prosecution reprimanded in Lindsay Clancy trial
Closing arguments are expected this week in Lindsay Clancy's murder trial for the killings of her three young children. Attorney and legal analyst Joe Tamburino joins CBS News to discuss the case and a moment on Monday where witness testimony was cut short over comments about religion.
Lindsay Clancy's faith is not on trial
The judge in the murder trial of Lindsay Clancy denied a mistrial request from her attorneys but scolded the prosecution after a witness brought up Clancy's religious beliefs. CBS News' Shanelle Kaul reports, and legal analyst Joe Tamburino weighs in.
Dramatic moment in Lindsay Clancy trial
Lindsay Clancy's defense team asked for a mistrial after a prosecution witness brought up Clancy's religious beliefs. The judge denied the request but reprimanded prosecutors. CBS News legal contributor Caroline Polisi has the latest analysis.
49ers' Jed York could face NFL punishment
San Francisco 49ers owner and CEO Jed York was arrested in Ohio over the weekend and pleaded no contest to amended charges originally stemming from a prostitution arrest. Now, he could face punishment from the NFL. Carter Evans reports.
Lindsay Clancy trial final witness expected
The prosecution's final rebuttal witness is expected Tuesday in the trial of Lindsay Clancy, the Massachusetts mother who admitted to killing her children in a state of postpartum psychosis. Closing arguments are expected Wednesday.
Space
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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.
NASA images show 60-foot-wide crater on moon after SpaceX rocket booster crash
A NASA spacecraft circling the moon is providing the sharpest views yet of the crater carved by a crashing SpaceX rocket.
New space object called "black hole star" discovered by astronomers
The newly discovered object looks like a star the size of our solar system, but produces 100 billion times more energy than any star.
Stunning photos show total solar eclipse over Europe
The only total solar eclipse of 2026 crossed the Northern Hemisphere Wednesday, with a path of totality across parts of Greenland, Iceland and northern Spain. See photos and video from the best viewing locations.
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.
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.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Latest CBS News Videos
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Latest CBS News Videos
Trump says he's lowering flags for Dolly Parton
President Trump on Tuesday said he is lowering the American flag throughout the U.S. following the death of legendary singer-songwriter Dolly Parton. CBS News' Anthony Mason, Jamie Wax and Nicole Valdes have more.
Dolly Parton's nephew announces her death
Dolly Parton, legendary singer-songwriter, actress and philanthropist, has died at 80. Her nephew announced her death on Tuesday in a video on social media. CBS News' Anthony Mason and Jamie Wax have more.
Parton said "town tramp" inspired iconic look
60 Minutes' Morley Safer spoke to Dolly Parton back in 2009 about her iconic look and how being underestimated helped her in business. Parton died at 80, her family announced Tuesday.
Dolly Parton on "I Will Always Love You"
Dolly Parton, the legendary singer-songwriter, actress and philanthropist, has died at 80, her family says. She spoke to CBS News' Rebecca Jarvis in 2012 about her song "I Will Always Love You," which Whitney Houston turned into a global phenomenon with her rendition for the "The Bodyguard" soundtrack. "She just took it worldwide and made it the most special song in the whole world for a long period of time," Parton said.
Early details after Dolly Parton dies at 80
Music legend Dolly Parton has died, her family says. She was 80 years old. Reed Cowan anchored CBS News' special coverage.