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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.
The country could go into default for its first time in history.
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.
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.
The so-called "tax gap" could total $7 trillion over the next decade.
Only a small fraction of the money allocated by Congress has actually gotten to people, the Treasury Department said.
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.
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.
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.
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.
The decision puts an apparent end in sight to the yearslong battle over the records.
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.
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.
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.
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.
EY CEO and global chairman Mark Weinberger, who served as assistant Treasury secretary on tax policy under President George W. Bush and on the Social Security Advisory Board under President Bill Clinton, joins "CBS This Morning" to discuss the Republican tax reform bill, how slashing corporate tax rates will increase investment in the U.S., and why it's hard to know whether those savings will translate to increased wages for workers.
The U.S., along with some of the nation's biggest banks, are pumping big bucks into Minority Depository Institutions.
The Treasury Department this past week announced Andrew Jackson's face on the front of the $20 bill will be replaced by that of escaped slave-turned-abolitionist Harriet Tubman. When it comes to the green that's been printed over the years, not all our currency has stayed current. Charles Osgood reports.
President Biden on Thursday signed an executive order branding the threat from Russia a national emergency and unleashing a flurry of sanctions that include the expulsion of at least 10 Russians from the diplomatic mission in Washington. CBS News intelligence and national security reporter Olivia Gazis joins CBSN to discuss the scope of the sanctions and the potential repercussions ahead.
Many people with jobs affected by the pandemic may soon be returning to work. President Joe Biden's $1.9 trillion stimulus package will also help create millions of new jobs for those in the public sector who were furloughed or laid off. State and local governments are hoping these new opportunities will bring jobs numbers back to pre-pandemic levels. CBS News reporter Sarah Ewall-Wice joined CBSN's Elaine Quijano to discuss.
The latest monthly Treasury report says the country spent nearly $660 billion more than it took in during March alone.
The action by the Treasury Department is partly inspired by a New York Times three-year investigation on the increase in shell companies that allow buyers to make all-cash purchases and keep their identities hidden. Louise Story, co-author of the Times' series, joins "CBS This Morning" to discuss the investigation and the government's action.
This week's jobs report shows a jump in new unemployment claims after several months of decline. Bankrate senior economic analyst Mark Hamrick joins CBSN to explain the latest spike and how President Biden's stimulus package may reverse the trend.
States sought and got clarification from federal officials about what they thought might be a blanket ban on tax reductions due to the massive measure.
Newsweek is standing by a report that the magazine tracked down the founder of Bitcoin. The new digital currency is highly volatile, having lost half its value over the past three months. It’s also attracting attention from the Treasury Department and the Securities and Exchange Commission. Ben Tracy reports.
The Department of Health and Human Services says it has frozen federal child care funding for the state of Minnesota, citing viral fraud allegations.
New Zealand and Australia were the first to welcome 2026, but in Sydney and some other cities, the festivities are tinged by grief.
Tatiana Schlossberg, the granddaughter of late President John F. Kennedy, has died after announcing a terminal cancer diagnosis in late November.
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."
Here's what to know about the lineup of performances scheduled for New Year's Eve, when crowds gather in Times Square to ring in 2026.
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.
The ringleader of what authorities called the largest pandemic fraud case in the United States has been ordered to forfeit more than $5 million.
As the U.S. and Israel back Iranians' right to protest against their leaders, authorities in Tehran detain students and declare a sudden holiday.
Stefon Diggs, a star wide receiver with the New England Patriots, is facing criminal charges after an incident in Massachusetts earlier this month.
Most major retailers and grocery stores will be open on New Year's Eve, although some will have reduced hours.
Isiah Whitlock Jr. is perhaps best known for his role as state Sen. R. Clayton "Clay" Davis on HBO's "The Wire."
The body has not yet been identified, Texas officials said at a Tuesday news conference.
The 550-pound black bear has taken up residence in the crawlspace underneath Ken Johnson's home in California for a month.
The minutes released Tuesday indicate that some Fed officials who supported the rate cut had reservations.
In light of a suit by immigrants groups, California says it will delay the revocations of 17,000 commercial driver's licenses despite a federal threat to withhold $160 million in funding.
Most major retailers and grocery stores will be open on New Year's Eve, although some will have reduced hours.
The minutes released Tuesday indicate that some Fed officials who supported the rate cut had reservations.
Silver prices have more than doubled in 2025, outpacing this year's surge in gold prices, as investors seek safe haven investments.
A federal judge has ruled that the White House cannot stop funding the Consumer Financial Protection Bureau.
In light of a suit by immigrants groups, California says it will delay the revocations of 17,000 commercial driver's licenses despite a federal threat to withhold $160 million in funding.
Former Republican U.S. Sen. Jon Kyl of Arizona announced his withdrawal from public life following a dementia diagnosis.
Democrat Renee Hardman was elected to the Iowa state Senate in a year-end special election, keeping Republicans from reclaiming two-thirds control of the chamber and Legislature.
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.
Former Sen. Ben Nighthorse Campbell, a Northern Cheyenne tribal chief who became a prominent American politician, has died.
The Centers for Disease Control and Prevention says 32 jurisdictions are showing "high" or "very high" levels of flu.
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.
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.
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.
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.
New Zealand and Australia were the first to welcome 2026, but in Sydney and some other cities, the festivities are tinged by grief.
Nearly 60 women lawmakers in Japan, including the prime minister, have submitted a petition calling for more toilets in the parliament building to match their improved representation.
As the U.S. and Israel back Iranians' right to protest against their leaders, authorities in Tehran detain students and declare a sudden holiday.
The head-on collision occurred between two trains on the line that services the historic Peruvian site Machu Picchu.
Cecilia Giménez's botched restoration of a century-old painting of Jesus Christ captured global headlines more than a decade ago.
The hit series "The Pitt" has earned praise for its realistic look at the pressures facing health care workers. Chief medical correspondent Dr. Jon LaPook spoke to the star of the show, Noah Wyle, for "CBS Sunday Morning." Wyle talked about how the cast prepared for their roles beyond learning their lines before shooting the series even began.
Here's what to know about the lineup of performances scheduled for New Year's Eve, when crowds gather in Times Square to ring in 2026.
Isiah Whitlock Jr. is perhaps best known for his role as state Sen. R. Clayton "Clay" Davis on HBO's "The Wire."
France's government says that George Clooney, his wife Amal and their eight-year-old twins Ella and Alexander have been awarded French citizenship.
The Grammy-winning artist Beyoncé became the fifth musician to achieve the wealth milestone, Forbes said Monday.
The company's investment in safety prevention comes amid growing concerns over the potential harm of artificial intelligence.
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.
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.
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.
Timothy Werth, a tech editor at Mashable, joins "CBS News 24/7" to discuss the best gadgets of 2025.
2025 was the third hottest year on record and pushed Earth past a critical climate change mark, scientists say.
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."
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.
Most of the footprints are elongated and made by bipeds. The best-preserved ones bear traces of at least four toes.
NASA continues to aim its space telescopes at the visiting ice ball, estimated to be up to 3.5 miles in size.
Patriots star Stefon Diggs is facing charges of strangulation, assault and battery following an incident in Massachusetts earlier this month. Diggs' attorney, David Meier, said in a statement that the wide receiver "categorically denies" the allegations and "looks forward to establishing the truth" in court. CBS News Boston's Aaron Parseghian has more.
New Orleans is marking one year since 14 people were killed and dozens more were injured in a terror attack on the city's iconic Bourbon Street. Kati Weis spoke to the family of one of the victims about how they're remembering their loved one.
The ringleader of what authorities called the largest pandemic fraud case in the United States has been ordered to forfeit more than $5 million.
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.
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.
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.
NASA is gearing up to send four Artemis astronauts on looping test flight around the moon in 2026.
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.
German engineer Michaela Benthaus is the first person with a significant physical handicap to reach space.
President Trump withdrew Isaacman's nomination for NASA administrator in April, before nominating him again in November.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
CBS' New Year Eve special, "New Year's Eve Live: Nashville's Big Bash," will feature performances by Jason Aldean, Lainey Wilson and more. Social media star Haley Kalil, known as Haley Baylee, will be the NYC correspondent for the East Coast countdown. She speaks to "CBS Mornings" about what she's looking forward to most and how she built her following.
The Miami-Dade Sheriff's Office is testing the nation's first self-driving patrol car. CBS News senior transportation correspondent Kris Van Cleave got a firsthand look.
Ray Isle, the executive wine editor of Food & Wine, joins "CBS Mornings" to share his best wine and champagne recommendations to ring in the new year.
Patriots star Stefon Diggs is facing charges of strangulation, assault and battery following an incident in Massachusetts earlier this month. Diggs' attorney, David Meier, said in a statement that the wide receiver "categorically denies" the allegations and "looks forward to establishing the truth" in court. CBS News Boston's Aaron Parseghian has more.
The hit series "The Pitt" has earned praise for its realistic look at the pressures facing health care workers. Chief medical correspondent Dr. Jon LaPook spoke to the star of the show, Noah Wyle, for "CBS Sunday Morning." Wyle talked about how the cast prepared for their roles beyond learning their lines before shooting the series even began.