Are I-bonds a good investment now? Here's what to know.
The interest rate on Series I savings bonds now tops 5%, although as investments they're not right for everyone.
United States Department of the Treasury
White House blames GOP for credit downgrade
Fitch Ratings downgraded the U.S. government's top credit rating on Tuesday. The White House in a statement said they disagreed with the decision and blamed Republicans, who they say were "cheerleading default." CBS News senior White House correspondent Weijia Jiang reports.
Here's what the Fitch downgrade of U.S. debt means for you
The nation's mounting government debt and eroding political stability is suddenly front and center. Should investors worry?
Yellen tells China U.S. "troubled by punitive actions" against business
Janet Yellen, in Beijing to meet Chinese officials and American businesses, stressed the U.S. desire to trade, but not at the expense of security.
U.S. to limit China's access to cloud services
The Biden administration is moving to restrict Chinese companies from accessing U.S. cloud-computing services ahead of Treasury Secretary Janet Yellen's trip to Beijing. Earlier this week, China imposed restrictions on the exports of two minerals used in advanced chip manufacturing. Robert Ross, non-resident fellow at the Quincy Institute, joins CBS News to discuss what the U.S. stands to gain from Yellen's visit.
How Yellen's China trip may impact U.S. ties
Treasury Secretary Janet Yellen will visit China on Thursday as part of an ongoing push from the U.S. to try and stabilize relations with Beijing. Yellen will meet with senior Chinese officials and leaders of U.S. companies operating in China. CBS News reporter Sarah Ewall-Wice joins to discuss the main priorities of Secretary Yellen's visit.
Estimated debt limit deadline moved to June 5
Treasury Secretary Janet Yellen announced Friday that the estimated deadline that the government could begin to default on its debts has been pushed back from June 1 to June 5, giving negotiators an extra four days to reach a deal on raising the nation's debt ceiling. House Speaker Kevin McCarthy has expressed optimism that it will get done in time. CBS News congressional correspondent Scott MacFarlane has the latest.
What happens to Social Security if the U.S. breaches the debt ceiling?
Millions of Social Security recipients "need to be very careful" about spending because payments could be delayed, one expert said.
Yellen: U.S. default would be a "catastrophe"
The treasury secretary also told G-7 finance ministers and central bank chiefs meeting in Japan that a first-ever U.S. default on its debts is "unthinkable."
Why the U.S. debt ceiling is unique
As Congress and the White House face down a deadline to raise the debt ceiling, the U.S. moves closer to a possible default. CBS News' Errol Barnett has a look at why the U.S. handles its debt differently than any other nation.
Bank stocks tumble as First Republic deal fails to stem investor fears
Shares of Los Angeles lender PacWest Bancorp fell 28% as spooked investors bail from regional banks.
First Republic Bank seized by regulators, then sold to JPMorgan Chase
The regional lender, whose collapse is the second-biggest bank failure in U.S. history, is the third bank to be seized by regulators since March.
U.S. accuses Mexican cartel of targeting Americans in timeshare fraud
Cartel members apparently decided to branch out into scamming millions of dollars from people looking to sell their timeshares in Mexico.
Budget and debt ceiling talks await Congress
Congress is in the middle of its two-week recess, but still has a lengthy to-do list awaiting lawmakers' return to Capitol Hill. CBS News' Vlad Duthiers explains some of the issues at hand.
Stocks close higher ahead of Fed decision
Stocks closed higher Tuesday as Federal Reserve officials begin meeting to discuss inflation and potential interest rate hikes. Advisors Capital Management portfolio manager JoAnne Feeney joins CBS News to break down what upcoming changes could mean for investors.
Investors are panicked over banks. Will the Fed make things worse?
Inflation's still high, but analysts warn that further rate hikes from the Fed could lead more more banks to topple.
Biden to announce more sanctions on Russia
President Biden is expected to announce new sanctions on Russia, and administration officials are warning any countries that help Russia evade those economic sanctions will face consequences as well. Deputy Treasury Secretary Wally Adeyemo joins CBS News to explain the administration's plans, and why he's confident the sanctions are successful despite some saying there hasn't been the impact they had hoped.
Can the U.S. catch up to China and Russia's African outreach?
After decades of investment and blossoming ties with Beijing and Moscow, experts say "short-term courtship" of African nations simply won't suffice.
Markets climb to close out week
Stocks climbed to close out the week after a tumultuous few days following the U.S. Treasury Department's announcement that the country has hit its debt ceiling. Javier David, a CBS News contributor and managing editor of business & markets at Axios, and J.D. Durkin, host of "The Street," joined CBS News to discuss.
Protecting your money amid debt ceiling concerns
The United States hit its debt ceiling today as federal officials maneuver to avoid the country defaulting on its debts. Carol Schleif, chief investment officer of BMO Family Office, joined CBS News to discuss precautions Americans should take to protect their money.
Here's when the U.S. could crash through the debt ceiling
Hitting "Date X" without raising the debt ceiling could lead the U.S. to default on its debt for the first time in its history.
Debt ceiling: 3 ways your finances could be affected
The fight over the nation's debt limit could have very real implications on everything from your 401(k) to Social Security.
U.S. to hit debt limit Thursday
Treasury Secretary Janet Yellen says the U.S. will hit its debt limit of $31.4 trillion Thursday. CBS News congressional correspondent Scott MacFarlane joins the show to discuss what's being said on Capitol Hill about the looming debt ceiling crisis.
Trump officials eased sanctions on "Blood Diamond" magnate despite concerns
Businessman Dan Gertler received broad relief from sanctions in Trump administration's final days.
Yellen warns of "risky" cryptocurrency, touts "resilient" U.S. economy
The Treasury chief told CBS News she expected inflation to ease thanks to a "resilient" U.S. economy, and said Biden's shift to EVs would become "less reliant on China."
Live
U.S.-Iran ceasefire tested as U.S. guides ships through Strait of Hormuz
Hegseth said the ceasefire with Iran "certainly holds" for now after a naval clash between Iranian and U.S. forces and renewed attacks on the UAE.
Amid attacks by Trump, Justice Gorsuch says "my loyalty is to the Constitution"
President Trump has attacked Justices Neil Gorsuch and Amy Coney Barrett for voting to strike down his most sweeping tariffs.
2026 Tony Awards nominations are announced. See the full list.
Uzo Aduba and Darren Criss announced the 2026 Tony nominees for select categories on "CBS Mornings" on Tuesday.
Hantavirus possibly transmitted human to human on stricken cruise ship, WHO says
The WHO said Tuesday that Spain would allow the vessel to dock in the Canary Islands for a "full investigation" and "full disinfection."
Hegseth says "ceasefire is not over" after Strait of Hormuz exchange of fire
Iranian vessels fired on U.S. ships guiding vessels through the Strait of Hormuz, resulting in the U.S. sinking several small Iranian boats.
2 dead, 3 injured in shooting at Texas shopping center
The incident happened at about 10 a.m. The Carrollton Police Department, Texas Department of Public Safety and other agencies are on scene.
What to know about Tuesday's primaries in Ohio and Indiana
Voters are going to the polls Tuesday in Ohio and Indiana — in the Buckeye State, they'll be casting ballots in Senate, House and governor's primary races, while Hoosiers will weigh in on House and state races.
Exclusive
Activist who protested outside Stephen Miller's home won't face state charges
Local activist Barbara Wien will not be criminally charged for doxxing top White House aide Stephen Miller, according to a court filing.
Pennsylvania suing Character AI, claims chatbot posed as medical professional
A Character AI chatbot falsely claimed to be a licensed psychiatrist in Pennsylvania and provided an invalid license number, the state said.
U.S.
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Exclusive
Activist who protested outside Stephen Miller's home won't face state charges
Local activist Barbara Wien will not be criminally charged for doxxing top White House aide Stephen Miller, according to a court filing.
Meta trained its AI on copyrighted work, new lawsuit alleges
The lawsuit claims that Meta's Llama is generating summaries — and, in some cases, verbatim copies — of original works.
Delta ending food and beverage service on shorter flights
Routes that are under a certain distance will no longer offer food and beverage service, the airline said.
Utz potato chips sold nationwide recalled over salmonella risk
Utz Quality Foods is recalling some of its Zapp's and Dirty brand potato chips because an ingredient may be contaminated by salmonella.
2 hikers injured in bear attack at Yellowstone National Park
Two hikers were attacked by one or more bears, officials said, marking the first time in 2026 that a bear has injured people at Yellowstone.
MoneyWatch
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Meta trained its AI on copyrighted work, new lawsuit alleges
The lawsuit claims that Meta's Llama is generating summaries — and, in some cases, verbatim copies — of original works.
Delta ending food and beverage service on shorter flights
Routes that are under a certain distance will no longer offer food and beverage service, the airline said.
Utz potato chips sold nationwide recalled over salmonella risk
Utz Quality Foods is recalling some of its Zapp's and Dirty brand potato chips because an ingredient may be contaminated by salmonella.
UnitedHealthcare to cut prior authorization for 30% of treatments
The largest U.S. health insurer said it will eliminate approval requirements for some treatments, including select outpatient surgeries and other procedures.
For some older Americans, retirement today means unretiring
Nearly 20% of Americans of retirement age are employed or seeking employment. "You have to eat," said one 69-year-old of her reasons for continuing to work.
Politics
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Exclusive
Activist who protested outside Stephen Miller's home won't face state charges
Local activist Barbara Wien will not be criminally charged for doxxing top White House aide Stephen Miller, according to a court filing.
Amid attacks by Trump, Justice Gorsuch says "my loyalty is to the Constitution"
President Trump has attacked Justices Neil Gorsuch and Amy Coney Barrett for voting to strike down his most sweeping tariffs.
Hegseth says "ceasefire is not over" after Strait of Hormuz exchange of fire
Iranian vessels fired on U.S. ships guiding vessels through the Strait of Hormuz, resulting in the U.S. sinking several small Iranian boats.
Pennsylvania suing Character AI, claims chatbot posed as medical professional
A Character AI chatbot falsely claimed to be a licensed psychiatrist in Pennsylvania and provided an invalid license number, the state alleged.
From Truth Social to court: Groups challenging Trump get help from his posts
Judges in more than a dozen cases have cited social media posts by President Trump and members of his administration in decisions against the government.
HealthWatch
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How hantavirus may have spread aboard a cruise ship
A suspected hantavirus outbreak on the MV Hondius has killed three people and sickened at least four others, officials said.
UnitedHealthcare to cut prior authorization for 30% of treatments
The largest U.S. health insurer said it will eliminate approval requirements for some treatments, including select outpatient surgeries and other procedures.
Latest on apparent hantavirus cruise outbreak
A suspected outbreak of hantavirus on a cruise ship has killed three people, officials say. Tom Hanson reports.
Alito temporarily restores FDA rule allowing abortion pill to be sent by mail
A federal appeals court blocked a FDA rule that allowed the abortion pill mifepristone to be dispensed through the mail.
Apparent hantavirus outbreak kills 3 on cruise ship, sickens at least 3 more
A suspected outbreak of the rare hantavirus on a cruise ship in the Atlantic off Africa killed three people and sickened at least three others, health officials say.
World
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How hantavirus may have spread aboard a cruise ship
A suspected hantavirus outbreak on the MV Hondius has killed three people and sickened at least four others, officials said.
Amsterdam bans advertising for meat and fossil fuels in public places
The city, known for its tolerance of some drugs and sex work, no longer allows ads for airlines, cruises, beef, chicken, pork or fish products.
U.K. counter-terror police investigate arson at former synagogue
Keir Starmer warned Tuesday that there would be "consequences" if Iran is proven to be behind a recent series of antisemitic attacks in the capital.
Hegseth says "ceasefire is not over" after Strait of Hormuz exchange of fire
Iranian vessels fired on U.S. ships guiding vessels through the Strait of Hormuz, resulting in the U.S. sinking several small Iranian boats.
Hantavirus possibly transmitted human to human on stricken cruise ship, WHO says
Passengers aboard the ship are in good spirits but may have to quarantine for "eight weeks," a World Health Organization official told CBS News.
Entertainment
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Entertainment
Douglas Stuart reads "John of John" excerpt
Oprah Winfrey selected "John of John" by award-winning author Douglas Stuart, known for "Shuggie Bain," as her latest book club pick. Watch the author, Douglas Stuart, read an excerpt from his novel that Winfrey calls " a complex and compelling tale that ultimately showcases the transformational power of love."
Details from the Met Gala red carpet
CBS News' Adriana Diaz and contributor Lauren Sherman join CBS News 24/7 to share details from the 2026 Met Gala.
Breaking down the 2026 Tony Awards nominees
The nominees for the 79th annual Tony Awards, which air on CBS on June 7, were revealed on Tuesday. CBS News New York's Dave Carlin joins with more.
Zac Posen on Kendall Jenner's Met Gala look
GAP Inc. executive vice president and creative director Zac Posen discusses designing model Kendall Jenner's dress for this year's Met Gala. He also dives into other looks that stood out at the annual event.
Stars shine at Met Gala
Stars shined at fashion's biggest night of the year on Monday, the Met Gala. This year's event was co-chaired by Beyoncé, Nicole Kidman and Venus Williams. Outside the museum, protesters gathered holding letters that spelled out "tax the rich." Adriana Diaz reports.
Technology
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Coinbase to lay off 700 workers as crypto company embraces AI
"This is a new way of working, and we need to leverage AI across every facet of our jobs," CEO Brian Armstrong said in a letter to employees.
Pennsylvania suing Character AI, claims chatbot posed as medical professional
A Character AI chatbot falsely claimed to be a licensed psychiatrist in Pennsylvania and provided an invalid license number, the state alleged.
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.
GameStop offers to buy eBay for $55.5 billion, threatens hostile bid
EBay said on Monday that it will "carefully review" GameStop's unsolicited $ 125-per-share takeover offer.
Almanac: May 3
"Sunday Morning" looks back at historical events on this date.
Science
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Mysterious world beyond Pluto may have atmosphere, study says
If confirmed, the rock would become just the second world past Neptune in our solar system to host an atmosphere.
Bill Nye on the Artemis II moon mission
Bill Nye The Science Guy, the chief ambassador of The Planetary Society, joins CBS News 24/7 Mornings with more after meeting the Artemis II crew in person after their successful mission around the moon.
Trump administration fires board overseeing National Science Foundation
The Trump administration has fired all 22 current members of an independent board that oversees the National Science Foundation, one dismissed member says.
AI used to reveal face of victim fleeing Mount Vesuvius eruption
Archaeologists found the victim holding a terracotta mortar, which they interpret as an improvised attempt to shield his head.
In a first, endangered orangutan seen using canopy bridge to cross road
Rapid development has been shrinking the jungle habitat of the critically endangered species, and fatal conflicts with people have been increasing.
Crime
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2 dead, 3 injured in shooting at Carrollton shopping center, police say
The incident happened at about 10 a.m. The Carrollton Police Department, Texas Department of Public Safety and other agencies are on scene.
Judge apologizes to Cole Allen for treatment
A federal judge apologized to Cole Allen, the suspect in the White House Correspondents' Dinner shooting case, for what he saw as overly restrictive and punitive conditions at the D.C. jail where he's being held. CBS News' Katrina Kaufman reports.
Infamous drug lord pens letters from U.S. prison, citing "cruel punishment"
Joaquin "El Chapo" Guzman is serving a life sentence at a maximum security facility in Colorado.
Gunman shot near Washington Monument
The White House was on lockdown Monday afternoon after the Secret Service shot a gunman just blocks away near the Washington Monument. Nicole Sganga reports.
Cole Allen moved off suicide watch
Cole Allen, the suspected shooter at the White House Correspondents' Dinner, was moved off suicide watch in jail ahead of his appearance in court on Monday. CBS News senior coordinating producer Anna Schecter has more.
Space
More Space
Mysterious world beyond Pluto may have atmosphere, study says
If confirmed, the rock would become just the second world past Neptune in our solar system to host an atmosphere.
Artemis crew surprises 5-year-old aspiring astronaut with special gift
The Artemis II team gained a new member, and the crew made sure their youngest teammate had the right stuff for space.
Artemis II crew reveals what snack they ate right after splashdown
The Artemis II astronauts said they actually really enjoyed the space food, but it was a familiar candy they enjoyed after splashing down in the Pacific Ocean.
Artemis II astronauts talk mission toilet troubles: "We made do"
The plumbing issues aboard the Orion capsule became headline news in the early days of the historic Artemis II mission.
Only on CBS
Artemis crew tells kids moon flight was "the best roller coaster ride"
The Artemis II astronauts joined "CBS Mornings" for a live town hall where they took questions from kids just weeks after returning from their historic moon mission.
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.
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
More Latest CBS News Videos
Latest CBS News Videos
Hegseth says Iran ceasefire is holding
Defense Secretary Pete Hegseth said Tuesday that the U.S.-Iran ceasefire is holding. He called Project Freedom, the effort to guide commercial ships through the Strait of Hormuz that drew Iranian attacks on Monday, a separate and "temporary" operation. CBS News' Natalie Brand and Eleanor Watson have more.
Tennessee, Alabama considering redistriciting
The nationwide partisan congressional redistricting push have come to Tennessee and Alabama. CBS News' Nicole Valdes and Shawna Mizelle report.
U.S. debt beats GDP for first time since WWII
The U.S. debt is exceeding the country's gross domestic product for the first time since World War II. CBS News contributor Javier David has more.
Douglas Stuart reads "John of John" excerpt
Oprah Winfrey selected "John of John" by award-winning author Douglas Stuart, known for "Shuggie Bain," as her latest book club pick. Watch the author, Douglas Stuart, read an excerpt from his novel that Winfrey calls " a complex and compelling tale that ultimately showcases the transformational power of love."
Trump answers Iran war questions
President Trump took questions on the war in Iran on Tuesday in the Oval Office after Defense Secretary Pete Hegseth gave another update on the operations in the Middle East and the Strait of Hormuz. CBS News' Aaron Navarro has the latest.