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.
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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.
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.
Dolly Parton, country music legend, dies at 80 after brief cancer battle
Dolly Parton became an icon over her six-decade career as a Grammy-winning singer-songwriter, movie and TV star and theme park owner who donated millions to help others.
Sen. Darline Graham projected to win runoff in South Carolina GOP Senate primary
Sen. Darline Graham won the GOP Senate runoff in South Carolina on Tuesday night, CBS News projects, defeating Rep. Ralph Norman in the special primary to replace Graham's late brother, Sen. Lindsey Graham, on the ballot.
DOJ warns Kennedy Center could be knocked down if renovations blocked
The Trump administration said it may need to demolish the Kennedy Center if a plan to close the building for two years as part of a controversial renovation project pushed by President Trump and the organization's board is blocked.
First on CBS
CIA Director John Ratcliffe on secret trip in Russia
A U.S. Air Force Boeing C-17A Globemaster III transport plane was spotted at a Moscow airport, along with a U.S. diplomatic motorcade, according to public reports.
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Iran says it's ready for new U.S. sanctions, has 2-year plan
Iran's economy minister said the country has been preparing for a long time for the sanctions U.S. Treasury Secretary Scott Bessent described as the "greatest financial offensive" ever.
Ontario's Doug Ford says Trump is "treating us like we're Communist China"
As a U.S.-Canada trade war sparks cross-border insults, Ontario Premier Doug Ford told CBS News he's hopeful the two sides can reach an agreement — but cautioned that "no deal is better than a bad deal."
Bureau of Prisons No. 2 official who was pardoned for drug crimes departs
Josh Smith had a tense relationship with BOP's employees, and some staffers had raised questions about contracts awarded during his year-long tenure.
Judge delays custody decision in surrogacy fight over newborn with heart defect
Dallas judge has delayed a custody decision, extending a temporary restraining order another two weeks as the legal fight over custody of a baby with a rare heart defect born to a surrogate continues.
Philadelphia's Chucky-style masked man arrested in Las Vegas
U.S. Marshals say 22-year-old Zymire Hughes was arrested Tuesday night in Las Vegas, Nevada.
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Philadelphia's Chucky-style masked man arrested in Las Vegas
U.S. Marshals say 22-year-old Zymire Hughes was arrested Tuesday night in Las Vegas, Nevada.
Judge delays custody decision in surrogacy fight over newborn with heart defect
Dallas judge has delayed a custody decision, extending a temporary restraining order another two weeks as the legal fight over custody of a baby with a rare heart defect born to a surrogate continues.
Bureau of Prisons No. 2 official who was pardoned for drug crimes departs
Josh Smith had a tense relationship with BOP's employees, and some staffers had raised questions about contracts awarded during his year-long tenure.
Ontario's Doug Ford says Trump is "treating us like we're Communist China"
As a U.S.-Canada trade war sparks cross-border insults, Ontario Premier Doug Ford told CBS News he's hopeful the two sides can reach an agreement — but cautioned that "no deal is better than a bad deal."
Survey pinpoints the behavior on planes that people find most annoying
Here's what travelers think about shared armrests, reclined seats and fellow passengers' use of tech on planes.
MoneyWatch
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Ontario's Doug Ford says Trump is "treating us like we're Communist China"
As a U.S.-Canada trade war sparks cross-border insults, Ontario Premier Doug Ford told CBS News he's hopeful the two sides can reach an agreement — but cautioned that "no deal is better than a bad deal."
Survey pinpoints the behavior on planes that people find most annoying
Here's what travelers think about shared armrests, reclined seats and fellow passengers' use of tech on planes.
Musk's SpaceX announces $100 billion plan for new spaceport in Louisiana
Elon Musk's space company plans to spend $100 billion to build a new spaceport in Louisiana to launch rockets, state officials and the company announced.
SNAP restrictions cut soda sales but raise stigma concerns, study finds
Banning people from using food stamps to buy sugary drinks helps lower consumption, proponents say. Are such restrictions a good idea?
Canada announces tariffs of up to 50% on $20 billion in U.S. goods
Canadian government officials said they are also providing aid for workers and businesses that could be hurt by U.S.-imposed tariffs.
Politics
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Sen. Darline Graham projected to win runoff in South Carolina GOP Senate primary
Sen. Darline Graham won the GOP Senate runoff in South Carolina on Tuesday night, CBS News projects, defeating Rep. Ralph Norman in the special primary to replace Graham's late brother, Sen. Lindsey Graham, on the ballot.
Bureau of Prisons No. 2 official who was pardoned for drug crimes departs
Josh Smith had a tense relationship with BOP's employees, and some staffers had raised questions about contracts awarded during his year-long tenure.
Ontario's Doug Ford says Trump is "treating us like we're Communist China"
As a U.S.-Canada trade war sparks cross-border insults, Ontario Premier Doug Ford told CBS News he's hopeful the two sides can reach an agreement — but cautioned that "no deal is better than a bad deal."
DOJ warns Kennedy Center could be knocked down if renovations blocked
The Trump administration said it may need to demolish the Kennedy Center if a plan to close the building for two years as part of a controversial renovation project pushed by President Trump and the organization's board is blocked.
Feds consider charging ICE officer accused of shooting immigrant in Minnesota
The shooting took place in January during the Trump administration's immigration operation in Minnesota.
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Pennsylvania records first 2 measles deaths in 35 years
Pennsylvania has recorded its first two deaths connected to measles in 35 years.
At least 1 in 4 ex-NFL players who died from 2016 to 2021 had CTE, study finds
The rate is much higher than is seen in the general population. CTE is a brain disease linked to repeated blows to the head.
Trump and Kennedy's health industry deals are at risk of vanishing
The agreements, covering issues like drug pricing, reducing the use of synthetic food dyes, and cutting back on insurance prior authorization rules, were announced with fanfare and touted as victories.
8-year-old girl dies from brain-eating amoeba infection in Louisiana
Lillian Smart, 8, has died after being infected by an extremely rare brain-eating amoeba that is found in warm freshwater, her family said.
Trump puts autistic kids in the spotlight and cuts agencies built to protect them
Researchers and disability rights advocates warn that the dismantling of the Education Department and its erosions of civil rights oversight risk widening the disparities autistic children face.
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Gun-running ship located 78 years after being sunk by Israeli military
In June 1948, Israeli forces opened fire and sank the boat in waters off Tel Aviv on the orders of David Ben Gurion, Israel's first prime minister.
U.K. estate used as Wayne Manor in "Batman Begins" must be surveyed for bats
Since being built in the 1850s, Mentmore Towers has been featured in "Batman Begins" and other movies, but has fallen into disrepair.
Will the U.S. sanctions against Iran work if they don't include China?
Analysts say without meaningful sanctions against China, Iran will likely survive this latest round of financial punishment.
Russian ex-official says "unknown sources" could attack U.K. drone plants
Former senior Russian diplomat says U.K. factories making drones for Ukraine "could be attacked - not by Russia, but from unknown sources."
First on CBS
CIA Director John Ratcliffe on secret trip in Russia
A U.S. Air Force Boeing C-17A Globemaster III transport plane was spotted at a Moscow airport, along with a U.S. diplomatic motorcade, according to public reports.
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Entertainment
Celebrating Dolly Parton after her death at 80
"CBS Evening News" pays tribute to the life and legacy of Dolly Parton. She died at 80 after a brief battle with cancer, her team announced on Tuesday.
Dollywood nonprofit president on Parton's death
Dolly Parton, who died Tuesday at age 80, leaves behind much more than a musical legacy. A generous philanthropist, she gave millions to a variety of causes, including education and children's literacy. Dollywood Foundation President Jeff Conyers joins CBS News to discuss the organization's Imagination Library program.
Dolly Parton in 2016 on her life, career
From May 2016, Dolly Parton speaks with Gayle King about her road to country music fame, Whitney Houston's cover of "I Will Always Love You," her marriage and more.
Tony Dokoupil on 2019 Dolly Parton interview
In 2019, "CBS Evening News" anchor Tony Dokoupil sat down with country music legend Dolly Parton for "CBS Sunday Morning." Dokoupil joins to remember the late singer-songwriter.
Country Music Hall of Fame rep on Parton
Allison Moorer, writer-editor for the Country Music Hall of Fame and Museum and curator of its current exhibit, "Dolly Parton: Journey of a Seeker," joins "The Daily Report" to share her favorite memories of Dolly Parton, who has died at age 80.
Technology
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Musk's data centers push out family that's owned land for generations
A plant in Southaven, Mississippi, that powers Elon Musk's SpaceXAI data centers in the area has sparked backlash from residents concerned about noise and air pollution.
Elon Musk's data centers spark backlash
In Southaven, Mississippi, some residents are pushing back on SpaceXAI's expanding footprint in the region.
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.
Key takeaways from China's robot games
China's World Humanoid Robot Games is a technological showcase, but also a possible glimpse into the future of robotics. Anna Coren reports.
How the Robot Games are going in Beijing
The World Humanoid Robot Games are underway in Beijing, China, in a stadium repurposed from the 2022 Winter Olympics. Many of the machines on display can now outrun and out-jump even the best real-life Olympians. Anna Coren has the story.
Science
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Invasive Joro spiders are "slowly spreading." Here's what to do if you see one.
The Great Smoky Mountains National Park told visitors Tuesday that invasive Joro spiders "may be hanging in a web near you."
A summer of extremes: Weathering a hotter world
July was the hottest month ever in the Lower 48 States – another escalation of our world into a hotter, more dangerous planet, where extreme weather events – such as heat waves, wildfires and hurricanes – will become more common and more extreme.
A summer of extremes: Weathering a hotter world
July was the hottest month ever in the Lower 48 States, breaking a record last set during the Dust Bowl – just another step in the escalation of our world into a hotter, more dangerous planet. Correspondent Jonathan Vigliotti talks with climate journalist Jeff Goodell and atmospheric scientist Maria Molina about how changes in Earth's climate are increasing the likelihood that extreme weather events – such as heat waves, wildfires and hurricanes – will become more common and more extreme.
Views of the total solar eclipse in Europe
A total solar eclipse was visible in parts of Europe for the first time since 1912. Rob Marciano reports.
Europe sees total solar eclipse
A total solar eclipse turned day into night across a slice of Europe and North America on Wednesday, and put millions in unique contact with the heavens above. Meteorologist Rob Marciano reports from Spain.
Crime
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Philadelphia's Chucky-style masked man arrested in Las Vegas
U.S. Marshals say 22-year-old Zymire Hughes was arrested Tuesday night in Las Vegas, Nevada.
Legal analysis of Texas surrogate case
A Texas judge is hearing arguments on who has the legal right to make medical decisions on behalf of a baby with a heart defect who was carried to term by a surrogate against the biological parents' wishes. Harry Nelson, a healthcare attorney, joins "The Daily Report" to discuss.
Unarmed college student shot by police
The parents of a 22-year-old college student who was fatally shot by police after knocking on the wrong door spoke out on Tuesday. Tom Hanson has more details.
Doctor says Clancy's actions were criminal
Forensic psychologist Dr. Kirk Heilbrun took the stand in Lindsay Clancy's trial for the killings of her three children on Tuesday, testifying that he felt Clancy was criminally liable despite claims of postpartum psychosis. CBS News' Shanelle Kaul has the details.
Breaking down Day 20 of Lindsay Clancy trial
Two more witnesses testified in the Lindsay Clancy trial on Tuesday. Clancy, who has admitted to killing her children, has pleaded not guilty, arguing she had postpartum psychosis. CBS News correspondent Shanelle Kaul reports.
Space
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Trump to honor Artemis II crew with nation's top space medal
President Trump plans to award the Congressional Space Medal of Honor to the crew of NASA's Artemis II mission in a ceremony Aug. 28.
NASA's Swift telescope will plunge toward Earth after rescue mission called off
The mission to save NASA's sinking space telescope has been called off, dooming the telescope to a fiery reentry later this year.
NASA images show 60-foot-wide crater on moon after SpaceX rocket booster crash
A NASA spacecraft circling the moon is providing the sharpest views yet of the crater carved by a crashing SpaceX rocket.
New space object called "black hole star" discovered by astronomers
The newly discovered object looks like a star the size of our solar system, but produces 100 billion times more energy than any star.
Stunning photos show total solar eclipse over Europe
The only total solar eclipse of 2026 crossed the Northern Hemisphere Wednesday, with a path of totality across parts of Greenland, Iceland and northern Spain. See photos and video from the best viewing locations.
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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.
Dolly Parton: An extraordinary life in pictures
Dolly Parton, the country music legend who became a feminist icon, has died at the age of 80. Here is a look back at her life in pictures.
Summer music highlights of 2026
Summer is the time to enjoy live music, indoors and out. Scroll through our gallery of some of 2026's leading musical acts, featuring images by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
Investigating the death of designer Sylvie Cachay
Sylvie Cachay was found dead in an overflowing bathtub at the exclusive Soho House in New York City on Dec. 9, 2010. A water leak at the hotel gave away a timeline that may have revealed her killer.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
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Graham wins GOP Senate runoff, CBS News projects
Sen. Darline Graham, the late Lindsey Graham's sister, won the Republican Senate primary runoff in South Carolina on Tuesday night, CBS News projects. Jessi Mitchell anchors a special report.
Celebrating Dolly Parton after her death at 80
"CBS Evening News" pays tribute to the life and legacy of Dolly Parton. She died at 80 after a brief battle with cancer, her team announced on Tuesday.
Dollywood nonprofit president on Parton's death
Dolly Parton, who died Tuesday at age 80, leaves behind much more than a musical legacy. A generous philanthropist, she gave millions to a variety of causes, including education and children's literacy. Dollywood Foundation President Jeff Conyers joins CBS News to discuss the organization's Imagination Library program.
Legal analysis of Texas surrogate case
A Texas judge is hearing arguments on who has the legal right to make medical decisions on behalf of a baby with a heart defect who was carried to term by a surrogate against the biological parents' wishes. Harry Nelson, a healthcare attorney, joins "The Daily Report" to discuss.
New inflation numbers expected soon
The PCE price index report, which provides an overview of the current state of inflation across goods and services in the U.S., will be released on Wednesday morning. Jessica Inskip, director of investor research at Stockbrokers.com, joins "The Daily Report" to break down what to expect.