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.
United States Department of the Treasury
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."
"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.
SpaceX launches first-of-its-kind Starship test flight
Microsoft says it "restored service" after major worldwide outage
New congressman faces sexual harassment allegation
Never bought Nvidia stock? Its slide could still hit your 401(k).
Live
U.N. watchdog agency pushes for access to key Iran nuclear site
Lutnick agrees to testify as Bessent blames him for chip sales
Top doctor for Congress resigns amid misconduct allegations
Family Dollar to pay $63M after FTC says it overcharged customers
