"Inflation-proof" I-bonds get new interest rate
Eager investors crashed a Treasury's website last week, but if you missed your chance at a 9.6% return, all is not lost.
United States Department of the Treasury
Buyers rush to buy "inflation-proof" I-bonds, crashing website
Government agency doubled server capacity to handle an influx of orders, but some slowdowns are still occurring.
The IRS plans to hire 5,000 customer service reps
Tax agency has been plagued by understaffing and poor customer service, with many taxpayer calls going unanswered.
House Republican says Treasury won't provide Hunter Biden's financial docs
Rep. James Comer says the Treasury Department "is refusing to release suspicious activity reports connected with Hunter Biden."
IRS warns of frustrating tax filing season ahead
Treasury officials warn filing taxes is going be a challenge this year due to the ongoing pandemic and a lack of resources at the Internal Revenue Service. CBS News reporter Sarah Ewall-Wice joins Lilia Luciano on CBSN to discuss.
Senate passes deal to raise debt limit
In a 59-35 vote, the Senate passed a measure allowing for a one-time exemption to the filibuster so Democrats can raise the debt limit without Republican votes. Treasury Secretary Janet Yellen has warned the nation could enter default if the borrowing limit is not raised by December 15. CBS News reporter Sarah Ewall-Wice joins CBSN's Lana Zak to explain the process ahead.
Examining the cryptocurrency loophole
The U.S. Treasury Department says cryptocurrencies "urgently" need regulations like those overseeing banks and other financial institutions. Axios chief financial correspondent Felix Salmon joins CBSN to discuss the digital currency loophole.
Yellen says Democrats can raise debt ceiling
Treasury Secretary Janet Yellen is urging Democrats to address the debt ceiling alone if needed to avoid default. CBS News congressional correspondent Nikole Killion joined CBSN's Tanya Rivero with more on what Congress could do with the social spending and infrastructure legislation.
House passes measure to raise debt limit
The House has passed a measure to increase the federal debt limit by $480 billion. But it's a temporary fix that will last only until December 3. That means lawmakers will find themselves looking for a more permanent measure in less than two months. CBS News congressional correspondent Nikole Killion joins CBSN's Elaine Quijano to discuss.
The newest front to keep people in their homes and deliver aid: faith
For many faith leaders, the Treasury Department's efforts to team up are unusual.
Congress clashes on spending as shutdown looms
The U.S. is inching closer to a potential economic crisis and government shutdown as Congress clashes over President Joe Biden's agenda and key legislation. CBS News chief White House correspondent Nancy Cordes joins CBSN to break down the latest developments.
U.S. could hit the debt ceiling on October 18, Janet Yellen says
The country could go into default for its first time in history.
Senate debates raising U.S. debt ceiling
The Senate is deadlocked in the debate over raising the debt ceiling. If the limit is not raised, the country risks going into default on its debt. Lawmakers on both sides agree the ceiling needs to be raised, and experts warn if it isn't, it could be catastrophic for the U.S. economy. CBS News reporter Sarah Ewall-Wice joins CBSN's Lana Zak to discuss what's at stake.
Congress faces debt ceiling standoff
Congressional Democrats are pushing to raise the national debt ceiling before the government funding runs out at the end of the month. But Republicans say they will not support stopgap funding legislation. CBS News congressional correspondent Nikole Killion joins CBSN with the latest.
Richest Americans dodge $163 billion in taxes: Treasury report
The so-called "tax gap" could total $7 trillion over the next decade.
Federal aid still not getting to renters
Only a small fraction of the money allocated by Congress has actually gotten to people, the Treasury Department said.
Federal rent aid deadline approaches
As many tenants and landlords continue to struggle from the pandemic's economic fallout, states need to use 65% of their allocated federal rent aid funds by September 30 or risk losing billions of dollars. CBS MoneyWatch reporter Irina Ivanova joined "CBSN AM" to discuss.
Yellen promotes Biden's economic agenda during Atlanta trip
Treasury Secretary Janet Yellen traveled to Atlanta on Wednesday to promote the Biden administration's economic agenda. It was Yellen's first official domestic trip since being appointed to Mr. Biden's Cabinet. Her visit came as a bipartisan infrastructure bill makes it way through the Senate. CBS News reporter Sarah Ewall-Wice joins CBSN's "Red & Blue" host Elaine Quijano with more.
U.S. braces for evictions wave as moratorium ends
Millions of Americans are at risk of being evicted from their homes after the federal moratorium on evictions expired over the weekend. Diane Yentel, president of the National Low Income Housing Coalition, joins CBSN to discuss why nearly $47 billion in emergency aid has been slow to reach renters.
DOJ orders IRS to release Trump tax returns
The Justice Department on Friday said the Treasury Department must hand over former President Trump's tax returns to the House Ways and Means Committee, putting an apparent end to the yearslong battle over the records. Brian Galle, a professor of law at the Georgetown University Law Center joins CBSN's Tanya Rivero with his analysis.
Justice Department says IRS must give Trump's tax returns to Congress
The decision puts an apparent end in sight to the yearslong battle over the records.
IRS told to give Trump's taxes to Congress
The Justice Department instructed the IRS to hand over former President Trump's tax returns to Congress. A federal judge said Mr. Trump and his lawyers have until Wednesday to issue a response. CBS News legal contributor Rebecca Roiphe joins CBSN AM to discuss.
Families set to receive child tax credit payments
The federal government will begin dispersing monthly cash payments to low- and moderate-income families on July 15 as part of the child tax credit program included in the latest round of COVID relief. The rollout comes as the Federal Reserve paints a clearer picture of the current state of the economy, saying inflation will likely remain elevated in the coming months. CBS News reporter Sarah Ewall-Wice joins CBSN's Lana Zak with the details.
Millions to receive 2021 child tax credit
A new IRS tool will help millions of low-income Americans file for their 2021 child tax credit. The monthly payments will begin July 15 and extend through the year. While Democrats are trying to make the current payments permanent, Republicans are looking to introduce their own version of the credit. CBS News reporter Sarah Ewall-Wice joined CBSN's Elaine Quijano to discuss.
Treasury's tax tables
The Treasury Department releases its withholding tables from the new Tax Cuts and Jobs Act. While many taxpayers will see their take-home pay increase through 2018, there are concerns about others getting bigger tax bills in the years to follow. Economist Peter Morici joins CBSN to discuss the latest on the new tax plan.
Analytics firm connects bets made on war with signs of insider trading
More than $1 billion has been bet online on military decisions and outcomes this year on Polymarket. Some wagers have been suspiciously timed.
Live
Trump says "Clock is Ticking" for Iran as shaky ceasefire continues
President Trump said "there won't be anything left of them" if Iranian leaders do not "get moving, FAST."
CBS News poll finds many voice frustration with Trump's economic approach
Gas prices, inflation weigh on Americans. Many see lack of clarity on what's happening in Iran.
At least 6 Americans in Congo were exposed to Ebola virus, sources say
The World Health Organization this week declared the Ebola outbreak in Congo and Uganda a "public health emergency of international concern."
Fighter jets crash in midair during air show at Idaho Air Force base
The Mountain Home Air Force Base said in a social media post that it was locked down following an incident during the Gunfighter Skies Air Show.
Religious anti-abortion center finds opportunity in town without OB-GYNs
A crisis pregnancy center in Sandpoint, Idaho, wants to expand women's healthcare three years after the labor and delivery unit at the town's hospital closed and its OB-GYNs moved out of state.
Taiwan representative to U.S.: "We're not the ones creating all this trouble"
Taiwan's representative to the U.S. Alexander Yui said on Sunday that "we want peace and stability" as Taiwan became among the most closely-watched issues in last week's summit.
Ebola outbreak in Congo and Uganda declared global health emergency
At least 80 deaths have been reported in a new Ebola disease outbreak in Congo and Uganda, authorities said.
Letlow, Fleming advance to runoff in Louisiana GOP Senate primary, CBS News projects
Incumbent GOP Sen. Bill Cassidy, who had occasionally broken with the Trump administration, lost his bid for a third term.
U.S.
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Religious anti-abortion center finds opportunity in town without OB-GYNs
A crisis pregnancy center in Sandpoint, Idaho, wants to expand women's healthcare three years after the labor and delivery unit at the town's hospital closed and its OB-GYNs moved out of state.
At least 6 Americans in Congo were exposed to Ebola virus, sources say
The World Health Organization this week declared the Ebola outbreak in Congo and Uganda a "public health emergency of international concern."
Aaron Rai wins PGA Championship for his first major title
Sunday's win at Aronimink Golf Club in Newtown Square, Pennsylvania, is only his second PGA tour victory, after winning the 2024 Wyndham Championship.
Fighter jets crash in midair during air show at Idaho Air Force base
The Mountain Home Air Force Base said in a social media post that it was locked down following an incident during the Gunfighter Skies Air Show.
Full transcript of "Face the Nation with Margaret Brennan," May 17, 2026
On this "Face the Nation with Margaret Brennan" broadcast, U.S. Trade Representative Jamieson Greer and Ambassador Alexander Yui, Taiwan's Representative to the U.S., join Margaret Brennan.
MoneyWatch
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Is the answer to the housing crunch right in your own backyard?
Accessory Dwelling Units, or ADUs, are small, fully-functional secondary homes located on the same property as a main home, usually in the backyard, filling a vital need where housing has proved scant or expensive.
CBS News poll finds many voice frustration with Trump's economic approach
Gas prices, inflation weigh on Americans. Many see lack of clarity on what's happening in Iran.
Ice cream sold in 17 states recalled for potential metal fragments
No injuries have been reported because of the issue, the Food and Drug Administration said.
Trump talks up trade deals with China, but experts see no big wins for U.S.
President Trump's trip to China could bolster economic relations, but failed to deliver a breakthrough deal, some trade and energy experts said.
Which college majors offer the best long-term return on investment?
College grads outearn people without a degree within 15 years, even after paying for tuition, study finds.
Politics
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Full transcript of "Face the Nation with Margaret Brennan," May 17, 2026
On this "Face the Nation with Margaret Brennan" broadcast, U.S. Trade Representative Jamieson Greer and Ambassador Alexander Yui, Taiwan's Representative to the U.S., join Margaret Brennan.
Senate GOP revising White House ballroom security funds plan
The Senate's rulemaker delivered a blow to GOP plans to fund security for President Trump's overhaul of the East Wing of the White House.
Transcript: Reps. Brian Fitzpatrick and Tom Suozzi on "Face the Nation with Margaret Brennan," May 17, 2026
The following is the transcript of the interview with Reps. Brian Fitzpatrick, Republican of Pennsylvania, and Tom Suozzi, Democrat of New York, that aired on "Face the Nation with Margaret Brennan" on May 17, 2026.
Taiwan representative to U.S.: "We're not the ones creating all this trouble"
Taiwan's representative to the U.S. Alexander Yui said on Sunday that "we want peace and stability" as Taiwan became among the most closely-watched issues in last week's summit.
Transcript: Alexander Yui, Taiwan's representative to the U.S., on "Face the Nation with Margaret Brennan," May 17, 2026
The following is the transcript of the interview with Ambassador Alexander Yui, Taiwan's representative to the U.S., that aired on "Face the Nation with Margaret Brennan" on May 17, 2026.
HealthWatch
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Religious anti-abortion center finds opportunity in town without OB-GYNs
A crisis pregnancy center in Sandpoint, Idaho, wants to expand women's healthcare three years after the labor and delivery unit at the town's hospital closed and its OB-GYNs moved out of state.
WHO: Ebola outbreak a global health emergency
Outbreaks of the deadly Ebola virus in two African countries have prompted the World Health Organization to declare a global health emergency. Imtiaz Tyab reports.
At least 6 Americans in Congo were exposed to Ebola virus, sources say
The World Health Organization this week declared the Ebola outbreak in Congo and Uganda a "public health emergency of international concern."
Version of hantavirus behind deadly outbreak matches known strain, France says
Genomic analysis showed the virus found aboard the MV Hondius shows no evidence of new characteristics so far.
Ebola outbreak in Congo and Uganda declared global health emergency
At least 80 deaths have been reported in a new Ebola disease outbreak in Congo and Uganda, authorities said.
World
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At least 6 Americans in Congo were exposed to Ebola virus, sources say
The World Health Organization this week declared the Ebola outbreak in Congo and Uganda a "public health emergency of international concern."
Transcript: Reps. Brian Fitzpatrick and Tom Suozzi on "Face the Nation with Margaret Brennan," May 17, 2026
The following is the transcript of the interview with Reps. Brian Fitzpatrick, Republican of Pennsylvania, and Tom Suozzi, Democrat of New York, that aired on "Face the Nation with Margaret Brennan" on May 17, 2026.
Taiwan representative to U.S.: "We're not the ones creating all this trouble"
Taiwan's representative to the U.S. Alexander Yui said on Sunday that "we want peace and stability" as Taiwan became among the most closely-watched issues in last week's summit.
Transcript: Alexander Yui, Taiwan's representative to the U.S., on "Face the Nation with Margaret Brennan," May 17, 2026
The following is the transcript of the interview with Ambassador Alexander Yui, Taiwan's representative to the U.S., that aired on "Face the Nation with Margaret Brennan" on May 17, 2026.
Irish researchers find oldest English poem in medieval book in Rome
Researchers in Dublin discovered the oldest surviving English poem in a Roman library.
Entertainment
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Entertainment
5/17: Sunday Morning "By Design"
Jane Pauley hosts our annual look at design. Featured: Tiny homes in your backyard; Louis Vuitton; Adobe house construction; Finland's Marimekko; domino art; Philadelphia food favorites; chandeliers; Longwood Gardens; rare maps; and director Jon Favreau of "The Mandalorian and Grogu."
"Call Her Daddy" podcast host Alex Cooper announces pregnancy
"Call Her Daddy" host Alex Cooper said on Instagram that she and husband Matt Kaplan are expecting their first child.
Director Jon Favreau on "The Mandalorian and Grogu"
Jon Favreau, creator of the "Star Wars" series "The Mandalorian," has now brought the father-son relationship of Pedro Pascal's bounty hunter and his charge "Baby Yoda" to the big screen.
Extended interview: Jon Favreau
In this web exclusive, Jon Favreau, the creator of the "Star Wars" series "The Mandalorian," and director of the new film "The Mandalorian and Grogu," talks with correspondent Tracy Smith about the myth of "Star Wars," the influences on the story (including Japanese samurai films), and expanding the universe for a new audience. He also talks about working with Robert Downey Jr. on his film "Iron Man," and about cooking, the subject of his 2014 movie, "Chef."
Jon Favreau on "The Mandalorian and Grogu"
Director Jon Favreau, creator of the "Star Wars" series "The Mandalorian," has now brought Pedro Pascal's bounty hunter and his charge "Baby Yoda" to the big screen. He talks with correspondent Tracy Smith about the handmade feel of the "Star Wars" universe, and how father-son relationships have always been at the heart of the stories set in a galaxy far, far away. He also discusses bringing his improv roots to directing Robert Downey Jr. in "Iron Man."
Technology
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Technology
An adobe renaissance
For thousands of years, civilizations around the world have built houses out of earth – whether it be mud brick, wattle and dab or rammed earth. But adobe (the practice of making mudbricks) has now become today's "it" building material, from museums around the world designed using adobe, to do-it-yourselfers constructing homes from the very dirt beneath their feet. Correspondent Conor Knighton looks at the history of adobe, and how ancient adobe materials are being merged with 3-D printing techniques.
Atlanta residents report Waymo traffic jams
Atlanta residents say they're waking up to traffic jams of self-driving Waymo vehicles confused by neighborhood signage.
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.
Waymos get in Atlanta traffic jam
Atlanta residents woke up to Waymo traffic jams on Friday. The driverless cars took over a quiet cul-de-sac. Skyler Henry has more details.
Oklahoma becomes latest state to sue Roblox over child safety concerns
Oklahoma has filed a lawsuit against Roblox, making it the latest state to take legal action against the popular gaming platform over child safety concerns.
Science
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New dinosaur weighing as much as 9 elephants identified by scientists
The long-necked herbivore is the largest ever found in Southeast Asia, researchers said.
How a growing El Niño will affect 2026 hurricane season in Atlantic, Pacific
The last time an El Niño pattern occurred was in 2023, when the Eastern Pacific hurricane season produced 20 tropical systems.
NASA spacecraft to fly past Mars on voyage to rare metal asteroid
NASA's Psyche spacecraft will slingshot past Mars on Friday, on its way toward a rare metal-rich asteroid.
Emperor penguins in focus as Antarctica talks start in Japan
Greater protections for endangered emperor penguins and how to manage growing tourism are topping the agenda at talks on Antarctica in Japan.
What's in the released UFO files?
The Pentagon released UFO documents on Friday, with President Trump telling the public to "have fun" deciding for itself what is going on. Carter Evans reports.
Crime
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Austin shooting spree: 3 held after at least 12 incidents, police say
Mayor Kirk Watson said no motive has been identified and the shootings appear to be random.
One man with two identities behind crimes from Monaco to New Mexico
In New Mexico, a man is charged with forgery & larceny – and convicted of putting out a hit on his estranged wife. Twenty-six years earlier, a fire in Monaco kills a billionaire and his private nurse. At the center of that mystery was the very same man — with a different name.
A "Survivor" finalist's mission to prove his late sister was murdered
"Survivor" 48 and 50 contestant Joe Hunter believes his sister Joanna, whose death was ruled a suicide, was murdered. He and their mother are working to be Joanna's voice and advocate for others who have experienced domestic violence.
Details on charges against Mohammad Al-Saadi
Mohammad Baqer Saad Dawood Al-Saadi, an Iraqi national, is facing federal charges for his alleged terror plots targeting Jewish institutions around the U.S.
Terror plot foiled, suspect under arrest
A terror plot targeting Jewish institutions in New York, California and Arizona has been foiled, and a man linked to the alleged scheme is under arrest on Friday. Prosecutors say the Iraqi suspect is tied to other global attacks and claim he wanted payback for the U.S. and Israeli war on Iran. Tom Hanson reports.
Space
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SpaceX launches cargo ship to International Space Station
The International Space Station-bound SpaceX Cargo Dragon is loaded with 6,500 pounds of needed equipment, research gear and crew supplies.
NASA maps show Earth's brightest and darkest regions at night
Researchers expected to find "a gradual increase in artificial light at night," but instead saw "much more nuanced patterns," NASA said.
NASA spacecraft to fly past Mars on voyage to rare metal asteroid
NASA's Psyche spacecraft will slingshot past Mars on Friday, on its way toward a rare metal-rich asteroid.
UFO files reveal astronauts saw mysterious objects and lights in 1972
NASA's Apollo 17 crew reported seeing three mysterious dots and sparks that resembled fireworks, according to new files released by the Pentagon.
Pentagon begins releasing UFO files: "It's time the American people see"
Defense Secretary Pete Hegseth said in a statement that the documents "have long fueled justified speculation — and it's time the American people see it for themselves."
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
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Latest CBS News Videos
Could birding keep your brain sharp in old age?
New research suggests birding may be good for the brain. There's evidence it could help guard the brain against dementia and age related cognitive decline. Bradley Blackburn reports.
5/17/2026: Betting on War; The Knowledge; Christopher Nolan
First, prediction market bets on war defy odds. Then, London's cabbies skeptical about robotaxis. And, Christopher Nolan: The 60 Minutes Interview.
5/17: CBS Weekend News
Fighter jets collide in midair at Idaho air show; Trump's approval ratings on the economy continue to fall in latest CBS News poll.
School using AI to reimagine learning
Alpha, a new school in San Francisco, isn't just embracing AI, it's letting it take the lead. Itay Hod has more.
WHO: Ebola outbreak a global health emergency
Outbreaks of the deadly Ebola virus in two African countries have prompted the World Health Organization to declare a global health emergency. Imtiaz Tyab reports.