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.
United States Department of the Treasury
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."
"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.
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.
U.S. military removes bombers from U.K. air base following security incident
Experts are training AI on how to do their jobs
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The Alito Court: A rare interview with the influential Supreme Court justice
Sen. Tillis worries about the "outsized influence" of the executive branch
Key Biden aide recalls "draconian measures" being considered against Israel
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Senior Trump administration officials met to discuss Iran war at Camp David
FlyDubai co-pilot was likely lone wolf, Israeli investigators believe
CBS News poll finds Democrats maintain House advantage amid concern about prices
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