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.
United States Department of the Treasury
Who has received federal layoff notices?
The White House budget office says it has started handing out layoff notices to federal workers as the government shutdown reaches Day 10. CBS News political reporter Zak Hudak has more.
Counselor to treasury secretary on shutdown
Joe Lavorgna, counselor to Treasury Secretary Scott Bessent, joins "The Takeout" to assess how the government shutdown could affect the economy.
Treasury Dept may issue $1 Trump coin for 250th anniversary of U.S.
Treasury Department said a design isn't final after the U.S. Treasurer posted an image of a commemorative coin with President Trump's likeness.
How the Federal Reserve decision could influence mortgage rates
Experts say Americans shouldn't expect a further decline in mortgage rates immediately after the Fed's September meeting.
Trump calls on resignation of Fed governor
President Trump is calling on Federal Reserve Governor Lisa Cook to resign with his administration accusing her of mortgage fraud. Former Treasury official Kitty Richards joins "The Takeout" to discuss.
U.S. sanctions popular "narco-rapper" over alleged cartel ties
The administration alleges that 50% of the musician's royalties on streaming platforms go directly tothe Cartel del Noreste.
U.S. sanctions Brazilian judge overseeing case against Trump ally Jair Bolsonaro
The Trump administration said it is sanctioning Brazilian Supreme Court Justice Alexandre de Moraes, who is overseeing a case against former President Jair Bolsonaro.
U.S. sanctions 6 leaders and affiliates of Venezuelan gang Tren de Aragua
The U.S. Treasury sanctioned six leaders and affiliates of the Venezuelan gang Tren de Aragua, including the head of the group, known by the alias "Niño Guerrero."
Exclusive
U.S. sanctions North Korean member of Kim Jong Un's spy agency
Song Kum Hyok is accused of masterminding a scheme in which North Korean cyber operatives posed as U.S. remote IT workers for unwitting companies.
North Korean operative sanctioned by U.S.
The Treasury Department has sanctioned a North Korean cyber operative accused of running a scheme using remote IT jobs to raise money for leader Kim Jong Un's nuclear program. CBS News Homeland Security correspondent Nicole Sganga reports.
Bessent says tariffs have helped the U.S.
Treasury Secretary Scott Bessent said in a Cabinet meeting that tariff hikes have already helped the U.S. "We will have taken in about $100 billion in tariff income this far this year," Bessent said. The comment comes as the White House increases pressure on certain trade partners to make deals with the U.S. CBS News MoneyWatch correspondent Kelly O'Grady has the latest updates on how markets are responding.
Why everyone from Musk to Wall Street is worried about U.S. debt payments
The federal government now spends more on servicing its debt than it does on defense. The GOP's new tax bill could ratchet that higher, experts say.
Will famous penny sayings outlast the coin itself?
The Treasury Department said it plans to stop manufacturing the penny, calling time on one of the first coins minted by the U.S. government. "CBS Evening News" co-anchor Maurice DuBois takes a look at the wisdom inspired by the centuries-old coin.
Treasury Department set to phase out the penny
The Treasury Department said it placed its final order for penny blanks this month as the U.S. moves to end production of the 1-cent coin.
Target reports weaker sales
Stocks tumbled Wednesday amid concerns the new budget bill in Congress could deepen the U.S. deficit. Earlier in the day, Target reported weaker-than-expected earnings due partly to anxiety about the implications of President Trump's tariffs. Javier David, business editor at the Dallas Morning News, joins "America Decides" with analysis.
Why did treasury yields spike?
Stocks fell across the board on Wednesday with the Dow Jones plummeting more than 800 points. A spike in treasury yields led to the selloff as investors voiced concerns about the GOP spending bill proposed by President Trump. CBS News contributor Javier David breaks it down.
Dow tumbles over 800 points, bond yields spike
The Dow Jones dropped more than 800 points on Wednesday. Paul La Monica, senior writer for Barron's, joins CBS News to examine what's behind the selloff.
Why only the dead can appear on U.S. money
Among the 5,800 bills before Congress, one piece of legislation would create a $250 bill bearing the image of President Trump. At the moment, the law only allows deceased individuals on our money.
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.
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 declassifies info on secret FBI probe into Trump's firing of Comey
The FBI investigated whether President Trump acted as a Russian asset when he fired James Comey, a theory an administration official said wasn't backed up by evidence.
Progressive Abdul El-Sayed projected to win Michigan Democratic Senate primary
Former state health official Abdul El-Sayed faced Rep. Haley Stevens in the Democratic Senate primary in Michigan in a closely watched contest that represented the latest test of the party's divisions.
Live
Trump says Strait of Hormuz deal could happen as soon as today
President Trump told reporters Tuesday evening that an announcement on the Strait of Hormuz could happen today or tomorrow, following talks between Iran and Oman.
Abdul El-Sayed says "there's a lot of healing to do" after Senate primary
Abdul El-Sayed has a narrow led in the state's Democratic Senate primary against Rep. Haley Stevens.
Wesley Bell beats Cori Bush in Missouri Democratic House primary rematch
Rep. Wesley Bell on Tuesday beat former congresswoman Cori Bush in a heated primary in Missouri's 1st Congressional District, CBS News projects.
First on CBS
Senator pushes DoD to release probe of Iranian attack that killed 6 U.S. troops
A CBS News investigation found troops had flagged military leaders about the lack of defenses and insufficient medical supplies ahead of the attack in Kuwait at the beginning of the war with Iran.
Pirro brought box of evidence to show Trump what caused Reflecting Pool damage
U.S. Attorney for D.C. Jeanine Pirro was seen with a large box as she left the White House Monday after her meeting with President Trump.
Perez Hilton hospitalized after livestreaming acts of self-harm, officials say
In the livestream, which has since been taken down, Hilton appears to be bloodied and in a distressed mental state.
Norah O'Donnell: 7 things I learned from trainer Kira Stokes
Kira Stokes, who has been in the fitness industry for three decades, taught me to treat movement as medicine for both your body and mind.
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First on CBS
Senator pushes DoD to release probe of Iranian attack that killed 6 U.S. troops
A CBS News investigation found troops had flagged military leaders about the lack of defenses and insufficient medical supplies ahead of the attack in Kuwait at the beginning of the war with Iran.
Abdul El-Sayed says "there's a lot of healing to do" after Senate primary
Abdul El-Sayed is now projected to win Michigan's Democratic Senate primary against Rep. Haley Stevens.
Disney partners with TikTok to offer creator content on its app
Disney and TikTok are teaming up to let users create short-form videos that draw on the entertainment giant's large stable of movies and TV shows.
Perez Hilton hospitalized after livestreaming acts of self-harm, officials say
In the livestream, which has since been taken down, Hilton appears to be bloodied and in a distressed mental state.
Live
Trump says Strait of Hormuz deal could happen as soon as today amid talks
President Trump told reporters Tuesday evening that an announcement on the Strait of Hormuz could happen today or tomorrow, following talks between Iran and Oman.
MoneyWatch
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Disney partners with TikTok to offer creator content on its app
Disney and TikTok are teaming up to let users create short-form videos that draw on the entertainment giant's large stable of movies and TV shows.
SpaceX shows strong growth in its first earnings report since IPO
Elon Musk's rocket, satellite and AI provider reported quarterly revenue of $7.8 billion, topping Wall Street forecasts.
Chipotle removes jalapeños linked to Minnesota salmonella outbreak
The restaurant chain said it pulled the peppers and replaced them with product from another grower amid a food-poisoning probe.
Dow soars 900 points on strong corporate profits, hopes of Iran deal
Stocks notched new record highs on Tuesday as oil prices dipped and companies reported healthy profits.
More adult children live at home now than during the pandemic
One woman in her mid-30s said her $60,000 annual income wasn't enough to cover all her bills after a breakup, leading her to move back home.
Politics
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First on CBS
Senator pushes DoD to release probe of Iranian attack that killed 6 U.S. troops
A CBS News investigation found troops had flagged military leaders about the lack of defenses and insufficient medical supplies ahead of the attack in Kuwait at the beginning of the war with Iran.
Progressive Abdul El-Sayed projected to win Michigan Democratic Senate primary
Former state health official Abdul El-Sayed faced Rep. Haley Stevens in the Democratic Senate primary in Michigan in a closely watched contest that represented the latest test of the party's divisions.
Abdul El-Sayed says "there's a lot of healing to do" after Senate primary
Abdul El-Sayed is now projected to win Michigan's Democratic Senate primary against Rep. Haley Stevens.
Rep. Chuck Edwards drops reelection bid after sexual harassment allegations
The House Ethics Committee said there is "substantial reason to believe" Rep. Chuck Edwards violated House rules related to sexual harassment and hostile workplaces. Edwards denied any wrongdoing.
Former Virginia Gov. Youngkin launches new conservative policy group
The group, called Empowering America's Parents, will focus on expanding awareness about the Education Freedom Tax Credit.
HealthWatch
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Norah O'Donnell: 7 things I learned from trainer Kira Stokes
Kira Stokes, who has been in the fitness industry for three decades, taught me to treat movement as medicine for both your body and mind.
Exercise: Your Insurance Policy for the Future
In this episode of Healthful, Norah O'Donnell is joined by her personal trainer and fitness expert, Kira Stokes. Since they started exercising together 12 years ago, Kira pushed Norah to lift heavier weights - something Norah initially resisted. Norah has since learned that you lose up to 8-percent of your muscle mass every decade after the age of 30. The two discuss the emotional connection between movement and mental health, how to get started exercising, and what about those weighted vests! Plus - Norah answers what her favorite and least favorite exercises are. We'd love to hear what topics you want to hear covered on Healthful. Text Norah at 202-217-1107.
Chipotle suspected in salmonella outbreak
At least 110 people have fallen ill from salmonella in Minnesota, the vast majority of whom reported having eaten at the Mexican chain Chipotle. Tom Hanson has the story.
Michigan reports 2 cyclosporiasis deaths
Two people have died of cyclosporiasis in Michigan, officials said Monday, as the state battles the worst outbreak of the disease in the country. Carter Evans has the details.
Michigan health officials report 2 deaths among cyclosporiasis cases
Two Michigan residents who had "significant underlying health conditions" have died after contracting cyclosporiasis, the Michigan Department of Health and Human Services said.
World
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Russian drone factory director seriously injured in car explosion
Vladimir Tkachuk has been pictured showcasing his drones to President Vladimir Putin.
First on CBS
Senator pushes DoD to release probe of Iranian attack that killed 6 U.S. troops
A CBS News investigation found troops had flagged military leaders about the lack of defenses and insufficient medical supplies ahead of the attack in Kuwait at the beginning of the war with Iran.
Popular influencer shot dead during livestream outside restaurant
Cesar Gastelum, who had more than 600,000 followers on TikTok, was broadcasting with two friends when he was killed.
Live
Trump says Strait of Hormuz deal could happen as soon as today amid talks
President Trump told reporters Tuesday evening that an announcement on the Strait of Hormuz could happen today or tomorrow, following talks between Iran and Oman.
Video shows drone attacking a street vendor in Ukraine
Ukrainian President Volodymyr Zelenskyy says the footage shows how Russian soldiers "take pleasure in killing" civilians.
Entertainment
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Entertainment
Aaron Pierre talks new series, "Lanterns"
Actor Aaron Pierre is starring as John Stewart in the new series "Lanterns." He tells "CBS Mornings" why this character is special to him, what it's like to join the DC Universe and how he managed undergoing surgery during the audition process.
Stranger rescues band from car troubles
A kind stranger named Ernie helped rock band The Autumn Kings make it to their tour stop after their car broke down in Wisconsin. Matt Gutman reports.
Ariana Grande on her plans to take break
One day after announcing she'll step back from the spotlight after her tour ends, Ariana Grande spoke directly to fans at Monday night's show in Chicago. The singer said the decision was her own and "was made from a thoughtful and empowered place."
Jordan Roth talks "The Shards"
Tony Award-winning producer Jordan Roth talks about starring in the "The Shards" and describes what it was like to go from behind the scenes on Broadway to making his major on-screen acting debut.
Hollywood on hot streak at the box office
"Spider-Man: Brand New Day" leapt straight to the top of the box office this weekend. Its $360 million opening weekend debut is the biggest in U.S. history. Marlow Stern, chief correspondent at Variety, joins CBS News to discuss all the latest movie news.
Technology
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Disney partners with TikTok to offer creator content on its app
Disney and TikTok are teaming up to let users create short-form videos that draw on the entertainment giant's large stable of movies and TV shows.
Myspace plans relaunch
Y2K nostalgia is in full swing -- and soon, 2000s social media site Myspace may be making a full comeback to the World Wide Web. TechRadar editor-at-large Lance Ulanoff shares his reaction.
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.
SpaceX shows strong growth in its first earnings report since IPO
Elon Musk's rocket, satellite and AI provider reported quarterly revenue of $7.8 billion, topping Wall Street forecasts.
Top AI execs may meet with Trump officials
Top executives from leading artificial intelligence companies are set to meet with White House officials, according to media reports. Ian Krietzberg, an AI correspondent for Puck News, has more.
Science
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Science
Bezos, DiCaprio set up massive wildlife fund
Hollywood actor Leonardo DiCaprio and Amazon founder Jeff Bezos have announced a $200 million fund set to protect species on the brink of extinction. Carter Evans has the story.
Dramatic photos show lava spewing from Fuego volcano in Guatemala
Guatemalan officials on Monday began evacuating two villages near the Fuego volcano due to the ongoing eruption.
Rare footage of humpback whale birth captured on drone video
The footage is believed to be only the fourth complete humpback whale birth ever recorded on film anywhere in the world and the first-ever captured by drone.
Rare video shows humpback whale birth
A photographer operating a drone off the coast of Australia captured a humpback whale giving birth. It's believed to be the first time such a birth has been recorded by a drone.
How plants feel
Science shows us that, even though plants don't have brains, they seem to have a nervous system that responds to touch in remarkable ways. Robert Krulwich and puppeteer Barnaby Dixon explore the science of thigmomorphogenesis (the phenomenon of plants reacting to outside stimulae), a discussion that plants the seeds for a song.
Crime
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Russian drone factory director seriously injured in car explosion
Vladimir Tkachuk has been pictured showcasing his drones to President Vladimir Putin.
What is postpartum psychosis?
Massachusetts mom Lindsay Clancy is on trial for murder after she allegedly killed her three children. Her lawyers say that she was overmedicated during her mental health crisis, which sparked postpartum psychosis. Dr. Veerle Bergink, director of Mount Sinai Women's Mental Health Center, explains more about postpartum mental health.
Lindsay Clancy speaks in court at her trial
In court on Tuesday, Lindsay Clancy spoke for the first time as she agreed to a "stipulation of facts" that would fast-track her trial. Her lawyers claim she was mentally ill and not responsible for her actions when she killed her three young children. Shanelle Kaul reports.
Popular influencer shot dead during livestream outside restaurant
Cesar Gastelum, who had more than 600,000 followers on TikTok, was broadcasting with two friends when he was killed.
Lindsay Clancy speaks in court for first time
Lindsay Clancy, the woman accused of first-degree murder in the deaths of her three children, spoke in court Tuesday. CBS News' Shanelle Kaul reports.
Space
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SpaceX rocket booster slams into moon, expected to leave large crater
The impact wasn't visible to the naked eye, but photos are expected to come from a lunar satellite at a later time.
Russian Soyuz brings three home after 8 months at space station
The Soyuz MS-28 landing in Kazakhstan brought a 241-day stay in space to a successful conclusion.
SpaceX's Super Heavy-Starship blasts off on 13th test flight
An upgraded version of the world's most powerful rocket is key to landing NASA astronauts on the moon in the agency's Artemis program.
Meteorite that hit home contains "alien world chemistry," experts say
When scientists examined the preserved fragments of a meteorite that crashed in 2024, they found brine-like fluids and key molecules.
Russian Soyuz rocket launches fresh crew to space station
The new crew will replace three other Soyuz fliers wrapping up a 240-day stay aboard the International Space Station.
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.
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.
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.
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.
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See the Michigan primary results
Abdul El-Sayed, a progressive populist, beat Rep. Haley Stevens in Michigan's high-stakes Democratic Senate primary, CBS News projects. Ed O'Keefe has the latest.
Concerns over U.S. munitions stockpile
There are new concerns over the United States' shrinking munitions stockpile. Sources say the U.S. has used nearly all of its global stockpile of long-range precision missiles during the war with Iran. CBS News national security analyst Aaron MacLean explains.
U.S. missile hoard dwindling, sources say
President Trump and Secretary of State Marco Rubio both say talks to reopen the Strait of Hormuz are progressing. This comes as the U.S. long-range missiles stockpile is running low, sources tell CBS News. CBS News' Nancy Cordes reports.
Cyclospora outbreak spreads to more states
The cyclospora outbreak has spread to more states. CBS News has confirmed cases linked to lettuce in Missouri and Arkansas. Dr. Celine Gounder explains what to know.
CBS projects El-Sayed beat Stevens in primary
Progressive Abdul El-Sayed beat moderate Rep. Haley Stevens in Michigan's Democratic Senate primary, CBS News projects. Aaron Navarro and Anthony Salvanto report.