U.S. could face default by August if debt ceiling not addressed, Bessent says
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.
United States Department of the Treasury
Report: IRS down almost a third of its workers
A new watchdog report from the Treasury Department reveals the Internal Revenue Service has lost almost a third of its tax auditors. The cuts are a result of the Trump administration's efforts to trim the federal workforce through its Department of Government Efficiency, or DOGE. CBS News MoneyWatch associate managing editor Aimee Picchi has more.
Federal spending in Trump's first 100 days
Despite President Trump's promises to cut government spending, the Treasury Department's daily financial reports reveal that the U.S. has spent about $220 billion more in Mr. Trump's first 100 days than during the same period in 2024. CBS News vice president of data journalism John Kelly breaks down the numbers.
Bond market signals tariffs' economic impact
While U.S. stocks ended Friday on a high note following a week of volatile trading tied to President Trump's tariffs, the bond market likely pushed the president to implement a 90-day pause. Bill Cohan, Wall Street author for Puck, joins "America Decides" to explain.
Hunter Biden IRS whistleblowers get promoted
Two Internal Revenue Service whistleblowers who accused the Justice Department of providing Hunter Biden with special treatment are getting new jobs at the Treasury Department. Treasury Secretary Scott Bessent says they will now "investigate the wrongdoing that's going on at the IRS." CBS News investigative producer Michael Kaplan joins "America Decides" to discuss.
Bessent "not concerned" about market tumble
Treasury Secretary Scott Bessent is trying to reassure the public about the state of the economy amid recent market struggles following President Trump's tariff threats. David Wessel, Brookings senior fellow in economic studies, and Sarah McGregor, Bloomberg News national desk managing editor, join CBS News with analysis.
White House hosts first cryptocurrency summit
Leaders from the cryptocurrency industry gathered at the White House on Friday for its first-ever "digital assets" summit. Victoria Guida, economics correspondent for Politico, joins "America Decides" to examine why President Trump is focusing on bolstering Bitcoin.
New Jersey AG on pushing back against DOGE
A federal judge has temporarily barred Elon Musk and his Department of Government Efficiency from retrieving sensitive Treasury Department records. Attorneys general in 19 Democratic-led states sought the block, accusing the Trump administration of violating federal law. New Jersey Attorney General Matt Platkin joins "America Decides" to unpack the legal action.
Breaking down DOGE hearing
A federal judge extended the temporary restraining order barring Elon Musk's Department of Government Efficiency, known as DOGE, from accessing Treasury Department records containing the personal data of millions of Americans. CBS News political reporter and attorney Katrina Kaufman has more.
Trump's plan to scrap the penny spikes interest for coin collectors
Collectors said the value of certain pennies could rise if the U.S. Treasury stopped manufacturing the coin.
Trump directs Treasury to stop minting new pennies, citing cost
The U.S. Mint reported losing $85.3 million in the 2024 fiscal year that ended in September on the nearly 3.2 billion pennies it produced.
Former Treasury worker raises alarm on DOGE access
Elon Musk's access to the Treasury's payment system is raising concerns about federal funding and personal data. Major Garrett speaks to a former Treasury employee about the role of the agency and the sensitive data it handles.
DOGE blocked from accessing Treasury records after lawsuit
New York Attorney General Letitia James said "this level of access for unauthorized individuals is unlawful, unprecedented, and unacceptable."
Inside Elon Musk's government takeover
A tech-focused media outlet has become a premiere source for breaking news on Elon Musk, his inner circle and their efforts to reshape the federal government. Katie Drummond, global editorial director of Wired, joins "America Decides" to unpack the reporting.
Treasury data accessed by DOGE: What we know
President Trump has placed the Department of Government Efficiency in charge of cutting the size and spending of the federal government. However, the group's reach is prompting concerns over the access it has received to some of the most confidential information for millions of Americans. CBS News chief Washington correspondent Major Garrett spoke with a former Treasury Department official about the scope of the information DOGE can now access.
Sen. Chris Van Hollen on Trump's "buyout" offer
A federal judge on Thursday implemented a short-term delay in the deadline for federal workers to take a deferred resignation. Plus, Democrats led a filibuster on the Senate floor against Russell Vought, President Trump's nominee to lead the Office of Management and Budget. Democratic Sen. Chris Van Hollen of Maryland joins "America Decides" to discuss.
Why a judge paused federal buyout deadline
A federal judge on Thursday temporarily blocked a deadline for federal employees to accept the Trump administration's "deferred resignation" offer. Plus, several state attorneys general announced a lawsuit against the White House over the Department of Government Efficiency. CBS News' Caitlin Huey-Burns and Ed O'Keefe have the latest.
Trump faces pushback over Gaza proposal
Arab nations are rejecting President Trump's plan for the U.S. to take over Gaza and turn it into a "riviera," but the president is reiterating his position. Plus, Democrats are raising concerns over Elon Musk's DOGE reviewing the Treasury's payment systems. CBS News' Ed O'Keefe and Caitlin Huey-Burns report.
Treasury says Elon Musk's DOGE has "read only" access to payment systems
Democratic lawmakers have expressed concern that access to the system could allow DOGE, which disburses nearly 90% of all federal payments, to restrict disbursement of federal funds.
Mastercard, Visa accused of handling payments for child abuse content
Mastercard and Visa allegedly failed to halt payments linked to child abuse material and sex trafficking on OnlyFans, Reuters reports.
Main takeaways from confirmation hearings
On Thursday, Senators heard from President-elect Donald Trump's picks for secretary of the Interior, secretary of the Treasury, Environmental Protection Agency administrator and Housing and Urban Development secretary. CBS News political reporter Taurean Small has more and political reporter Aaron Navarro reports on Trump's latest moves.
More Trump nominees sit for Senate hearings
President-elect Donald Trump's picks for the Treasury, Housing and Urban Development and Interior departments, along with the Environmental Protection Agency, went before lawmakers on Thursday. Among them included former presidential candidate Doug Burgum and billionaire Trump donor Scott Bessent. CBS News' Nancy Cordes and Taurean Small have more.
Authorities warn of copycat attacks
Federal authorities are warning of the potential for copycat incidents after the deadly New Year's Day truck attack in New Orleans. CBS News national security contributor Sam Vinograd has more about the threat environment. She also discusses the Treasury Department's revelation that Chinese hackers accessed its unclassified documents.
Chinese hackers access Treasury Department
Officials say cybercriminals backed by the Chinese state government hacked the U.S. Treasury Department system, accessing federal workstations and some unclassified documents. CBS News homeland security and justice reporter Nicole Sganga has the latest.
Chinese hackers breach Treasury Department
The U.S. Treasury Department says it was hacked by cybercriminals backed by the Chinese government. A Treasury official said the attackers breached federal work stations, but did not provide details on what sort of unclassified documents they may have obtained. CBS News' Nicole Sganga has the latest.
HHS freezes all child care payments to Minnesota after viral fraud allegations
The Department of Health and Human Services says it has frozen federal child care funding for the state of Minnesota, citing viral fraud allegations.
Tatiana Schlossberg, granddaughter of JFK, dies at 35
Tatiana Schlossberg, the granddaughter of late President John F. Kennedy, has died after announcing a terminal cancer diagnosis in late November.
Court order suggests officials pushed to prosecute Abrego Garcia after deportation
A court order suggests the Trump administration pushed to prosecute Kilmar Abrego Garcia only after he challenged his deportation, with one top DOJ official calling it a "top priority."
Flu cases spiking this holiday season, CDC data shows
The Centers for Disease Control and Prevention says 32 jurisdictions are showing "high" or "very high" levels of flu.
Trump issues his first vetoes of this term
President Trump used his veto power this week for the first time since returning to the White House, rejecting a pair of bills linked to a Colorado water pipeline and a tribal village in the Everglades.
Body found amid search for missing Texas teen Camila Mendoza Olmos
The body has not yet been identified, Texas officials said at a Tuesday news conference.
Ben Nighthorse Campbell, former senator and Northern Cheyenne tribe member, dies at 92
Former Sen. Ben Nighthorse Campbell, a Northern Cheyenne tribal chief who became a prominent American politician, has died.
Patriots receiver Stefon Diggs denies charges of strangulation, assault and battery
Stefon Diggs, a star wide receiver with the New England Patriots, is facing criminal charges after an incident in Massachusetts earlier this month.
1 killed, dozens injured in head-on train collision near Peru's Machu Picchu
The head-on collision occurred between two trains on the line that services the historic Peruvian site Machu Picchu.
U.S.
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Isiah Whitlock Jr., actor known for his roles in "The Wire" and "Veep," dies at 71
Isiah Whitlock Jr. is perhaps best known for his role as state Sen. R. Clayton "Clay" Davis on HBO's "The Wire."
Body found amid search for missing Texas teen Camila Mendoza Olmos
The body has not yet been identified, Texas officials said at a Tuesday news conference.
Black bear living underneath Altadena house shows no sign of budging
The 550-pound black bear has taken up residence in the crawlspace underneath Ken Johnson's home in California for a month.
Fed meeting minutes reveal deep splits on December rate cut decision
The minutes released Tuesday indicate that some Fed officials who supported the rate cut had reservations.
Tatiana Schlossberg, granddaughter of JFK, dies at 35
Tatiana Schlossberg, the granddaughter of late President John F. Kennedy, has died after announcing a terminal cancer diagnosis in late November.
MoneyWatch
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Fed meeting minutes reveal deep splits on December rate cut decision
The minutes released Tuesday indicate that some Fed officials who supported the rate cut had reservations.
Silver is rebounding after its worst trading day in four years
Silver prices have more than doubled in 2025, outpacing this year's surge in gold prices, as investors seek safe haven investments.
Judge blocks White House from defunding CFPB as its funds were about to run out
A federal judge has ruled that the White House cannot stop funding the Consumer Financial Protection Bureau.
Ground beef recalled in 6 states over possible E. coli contamination
The recalled ground beef was sold to distributors in California, Colorado, Idaho, Montana, Pennsylvania and Washington.
Beyoncé is now a billionaire, according to Forbes
The Grammy-winning artist Beyoncé became the fifth musician to achieve the wealth milestone, Forbes said Monday.
Politics
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Democrat wins Iowa special election, keeps GOP from reclaiming supermajority
Following the November 2024 general election, Republicans expanded their majority to 67 out of 100 seats, which meets the two-thirds threshold required for a supermajority. Democrats hold 33 seats.
Trump issues his first vetoes of this term
President Trump used his veto power this week for the first time since returning to the White House, rejecting a pair of bills linked to a Colorado water pipeline and a tribal village in the Everglades.
Ben Nighthorse Campbell, former U.S. senator and Native American, dies at 92
Former Sen. Ben Nighthorse Campbell, a Northern Cheyenne tribal chief who became a prominent American politician, has died.
HHS freezes all child care payments to Minnesota after viral fraud allegations
The Department of Health and Human Services said Tuesday it has frozen federal child care funding for the state of Minnesota, citing viral fraud allegations.
Court order suggests officials pushed to prosecute Abrego Garcia after deportation
A court order suggests the Trump administration pushed to prosecute Kilmar Abrego Garcia only after he challenged his deportation, with one top DOJ official calling it a "top priority."
HealthWatch
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Flu cases spiking this holiday season, CDC data shows
The Centers for Disease Control and Prevention says 32 jurisdictions are showing "high" or "very high" levels of flu.
New California tortilla law aims to decrease birth defects in Latino babies
Mom-and-pop shops will be exempt from this change, but big manufacturers in California will need to start adding folic acid to tortillas beginning January 1.
Advances in treatment for Alzheimer's disease
The number of Americans with Alzheimer's disease is expected to double from 7 million in 2020 to 14 million by 2060, according to the CDC. However, advances in treatment options are giving more people hope in slowing the decline. Dr. Jon LaPook breaks it down.
Flu cases skyrocket across the U.S
Nearly five million flu cases have been reported nationwide, the CDC estimates, and at least 1,900 people have died from the virus. "CBS Saturday Morning" has more on why this year's strain is breaking records.
Baby defies all odds after growing outside his mom's womb
Suze Lopez, a 41-year-old nurse who lives in Bakersfield, California, didn't know she was pregnant with her second child until days before giving birth.
World
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1 killed, dozens injured in head-on train collision near Peru's Machu Picchu
The head-on collision occurred between two trains on the line that services the historic Peruvian site Machu Picchu.
Spanish woman known for botched fresco restoration dies at 94
Cecilia Giménez's botched restoration of a century-old painting of Jesus Christ captured global headlines more than a decade ago.
Cable car accident leaves 4 hurt, 100 stranded on mountain for hours
Four people were injured and around 100 stranded visitors had to be rescued by helicopter after a cable car accident in northern Italy, officials said.
No sign of "broader terrorist cell" behind Bondi Beach attack, police say
Australian police say there's no evidence the Sydney father and son suspects in the attack on a Jewish holiday event got training or instruction in the Philippines.
Police compare Germany bank vault robbery to an "Ocean's Eleven" heist
Thieves apparently spent much of the weekend plundering deposit boxes inside a German bank vault after tunneling through from a parking garage.
Entertainment
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Isiah Whitlock Jr., actor known for his roles in "The Wire" and "Veep," dies at 71
Isiah Whitlock Jr. is perhaps best known for his role as state Sen. R. Clayton "Clay" Davis on HBO's "The Wire."
George Clooney, his wife and their twins granted French citizenship
France's government says that George Clooney, his wife Amal and their eight-year-old twins Ella and Alexander have been awarded French citizenship.
Beyoncé is now a billionaire, according to Forbes
The Grammy-winning artist Beyoncé became the fifth musician to achieve the wealth milestone, Forbes said Monday.
Actor accusing Tyler Perry exchanged texts with him years after alleged assault
Actor Mario Rodriguez alleged in the lawsuit filed last week in California that Tyler Perry sexually assaulted him during encounters between 2014 and 2019.
French split over Brigitte Bardot tribute due to her far right views
French politicians were divided on Monday over how to pay tribute to the late Brigitte Bardot who, despite her screen legend, courted controversy in later life with her far-right views.
Technology
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OpenAI hiring for head safety executive to mitigate AI risks
The company's investment in safety prevention comes amid growing concerns over the potential harm of artificial intelligence.
Instacart ending AI price tests for retailers
Instacart says its ending its controversial system of using AI price tests for retailers. Earlier this month, an investigation by Consumer Reports and progressive think tank Groundwork Collaborative found that Instacart's algorithmic pricing charged various prices for the same item from the same store. Jo Ling Kent reports.
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.
Tech companies push for data centers
Massive tech companies wanting to build more data centers in the U.S. are lobbying for support among Americans, according to a recent report by POLITICO. Gabby Miller joins CBS News with more on her reporting.
Top tech gadgets of 2025
Timothy Werth, a tech editor at Mashable, joins "CBS News 24/7" to discuss the best gadgets of 2025.
Science
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2025 was so hot it pushed Earth past critical climate change mark
2025 was the third hottest year on record and pushed Earth past a critical climate change mark, scientists say.
Major climate research center on Trump administration chopping block
The Trump administration intends to dismantle one of the world's leading climate research institutions, in Boulder, Colorado, over what it said were concerns about "climate alarmism."
Researchers capture video of rare polar bear adoption
The footage of a bear caring for an adopted cub was captured during the annual polar bear migration along the Western Hudson Bay in Churchill, Manitoba.
Dinosaur tracks showing "herds moving in synchrony" found in Italy
Most of the footprints are elongated and made by bipeds. The best-preserved ones bear traces of at least four toes.
Interstellar comet is making its closest approach to Earth
NASA continues to aim its space telescopes at the visiting ice ball, estimated to be up to 3.5 miles in size.
Crime
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Crime
D.C. bomb suspect to stay detained for now
The man accused of planting pipe bombs in Washington, D.C., the night before Jan. 6, 2021, will remain in custody for now. CBS News justice correspondent Scott MacFarlane has the details.
DHS probes fraud at MN day care centers
The Department of Homeland Security is investigating after conservative YouTuber Nick Shirley posted a video that has gone viral, alleging potential fraud at a dozen day care centers in Minnesota. Jonah Kaplan reports.
Latest on proceedings against Tyler Robinson
A Utah judge ordered the release of a transcript from a closed-door hearing in the case against Tyler Robinson, who is accused of murdering Republican political influencer Charlie Kirk. CBS News' Scott MacFarlane reports.
Patriots receiver Stefon Diggs charged with strangulation, assault and battery
Stefon Diggs, a star wide receiver with the New England Patriots, is facing criminal charges after an incident in Massachusetts earlier this month.
Police compare Germany bank vault robbery to an "Ocean's Eleven" heist
Thieves apparently spent much of the weekend plundering deposit boxes inside a German bank vault after tunneling through from a parking garage.
Space
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Space
NASA's search for next lunar rover
NASA astronauts took their first drive on the moon 54 years ago. Now, three companies are competing for a NASA contract to build a new lunar rover for use starting with the Artemis 5 mission in 2030. Kris Van Cleave reports.
Artemis 2 astronauts rehearse countdown for upcoming moon launch
NASA is gearing up to send four Artemis astronauts on looping test flight around the moon in 2026.
Woman is first wheelchair user launched into space
A German aerospace engineer made history Saturday, becoming the first wheelchair user to go into space when she took a 10-minute trip aboard a Blue Origin rocket.
Blue Origin safely launches wheelchair user to space and back
German engineer Michaela Benthaus is the first person with a significant physical handicap to reach space.
Jared Isaacman, billionaire who's flown with SpaceX, confirmed to lead NASA
President Trump withdrew Isaacman's nomination for NASA administrator in April, before nominating him again in November.
Latest Galleries
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Notable Deaths in 2025
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Evidence in the Barbara Kendhammer case
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
The life & near death of prizefighter Christy Salters-Martin
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Who is Alix Tichelman?
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Latest CBS News Videos
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Latest CBS News Videos
We asked people to reflect on 2025
As 2025 comes to a close, Jericka Duncan asks people to reflect on the past year and look toward the next.
550-pound bear refuses to leave man's crawl space
A massive black bear has been living beneath a home in Altadena, California, for the past month. As Carter Evans reports, the problem has become unbearable.
HHS freezes all child care funding to Minnesota
The Department of Health and Human Services said it has frozen federal child care funding for the state of Minnesota, citing viral fraud allegations. Jonah Kaplan has the latest.
Search for missing Malaysia Airlines plane resumes
Almost 12 years after Malaysia Airlines Flight 370 vanished over the Indian Ocean with 239 people on board, the search for the Boeing 777's wreckage was scheduled to resume in the Indian Ocean -- supported by the latest advancements in deep-sea, self-guided drone technology. Elizabeth Palmer has more.
Many states reporting higher than usual flu cases
There has been a recent surge in flu cases over the holidays. Previously, 14 states were reporting high or very high levels of flu. Now that number has more than doubled to 29 states across the country. Dr. Jon LaPook explains.