Biden on debt ceiling deal to avoid default: "This is vital"
The president spoke less than 24 hours after the Senate approved the agreement in a bipartisan vote.
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The president spoke less than 24 hours after the Senate approved the agreement in a bipartisan vote.
The debt ceiling deal has cleared both chambers of Congress and is headed to the president's desk.
The legislation now goes to President Biden's desk, pulling the nation back from the brink of a financial crisis.
The House passed the bill to raise the debt ceiling Wednesday. Now, the Senate will take it up.
A majority of Democrats and a majority of Republicans voted in favor of the Fiscal Responsibility Act.
The Senate votes on the bill next.
Rep. Thomas Massie broke with two other conservatives on the House Rules Committee to advance the legislation to the House floor.
After days of intense negotiations and weeks of talks, an agreement in principle has been reached to raise the debt ceiling.
The House Democratic leader said he can guarantee the U.S. will not default on its debt.
Time is running short for House Republicans and the White House to reach an agreement on the debt ceiling to avoid default.
President Biden and House Speaker Kevin McCarthy huddled yet again as the debt ceiling "X" date nears.
McCarthy said Sunday that he had a "productive" call with Mr. Biden as the president returns from the G-7 conference in Japan.
Without a deal, Treasury Secretary Janet Yellen has said the U.S. could be unable to pay its bills and might default on its debt as soon as June 1.
"It's hard to overstate how bad it would be," one expert said. Everything from Social Security payments to your retirement fund could get hit.
Secretary Janet Yellen told Congress Monday that the Treasury Department has already seen borrowing costs "increase substantially" for securities maturing in early June.
Millions of Social Security recipients "need to be very careful" about spending because payments could be delayed, one expert said.
"No one should assume that the Fed can… really protect the economy and the financial system, and our reputation globally, from the damage such an event might inflict," Federal Reserve Chairman Jerome Powell said.
Republicans and Democrats still appear far apart on raising or suspending the debt ceiling. The five leaders are expected to meet again Friday.
The treasury secretary moved up her estimate of when the U.S. risks defaulting on its debt.
Here are the options Congress has to avert a first-time U.S. credit default and the severe economic consequences that could follow.
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.
As a default deadline approaches, people across America are watching.
A nonprofit aiming to help Gov. Rick Perry gear up for another presidential run says it will launch a national advertising campaign blasting Washington and promoting GOP governors.
Will the President's second term bring cooperation or confrontation between Democrats and Republicans?
Grover is the ultimate in single interest constituencies in Washington. He is not accountable to anybody. He does not disclose who funds him, who pays him to do what he does or how much he is paid to blackmail GOP Members of Congress to sign his pledge not to raise taxes.
Voters in every precinct will have a distinct ballot, depending on what races are in play where they live.
Refund amounts for State Farm customers will vary based on their place of residence and insurance premiums.
The wide receiver will be guaranteed a $27.3 million salary for the 2026 season.
Patrick David Gillespie, John Sims, Monte "Doc" Mitchell and Kurt Schwab are running in the March 3 GOP primary for a district long rated solidly Democratic.
Sen. John Cornyn, Ken Paxton and Rep. Wesley Hunt will all join Mr. Trump on his visit.
Voters in every precinct will have a distinct ballot, depending on what races are in play where they live.
Refund amounts for State Farm customers will vary based on their place of residence and insurance premiums.
Racing fans—get ready. The Java House Grand Prix of Arlington is set to roar into town this spring, bringing a brand‑new kind of excitement to North Texas.
The wide receiver will be guaranteed a $27.3 million salary for the 2026 season.
Patrick David Gillespie, John Sims, Monte "Doc" Mitchell and Kurt Schwab are running in the March 3 GOP primary for a district long rated solidly Democratic.
Austin medical supply business accused of Medicare fraud, funneling millions overseas, federal complaint says.
As Texas, in recent years, has experienced an increase in its infant mortality rate, it has seen a growing interest in bereavement care for families.
Internal turmoil, missing records, and clashing narratives raise new questions about the nonprofit's management and oversight.
The CEO a Dallas nonprofit resigned after a CBS News Texas I-Team investigation that revealed the organization had failed to follow through on its core promises.
Seven years after a deadly school bus-train crash in Athens, the same crossing still lacks gates or lights—despite repeated promises to fix it.
Voters in every precinct will have a distinct ballot, depending on what races are in play where they live.
Sen. John Cornyn, Ken Paxton and Rep. Wesley Hunt will all join Mr. Trump on his visit.
The usually low-key race has taken on a bigger profile this year with a contested Republican primary.
Former President Bill Clinton denied any knowledge of Jeffrey Epstein's crimes in an opening statement before the House Oversight Committee in New York.
The Defense Department on Wednesday shot down a U.S. Customs and Border Protection drone in southwest Texas, federal officials confirmed to CBS News.
A lawsuit filed late last month took Chicago-based McDonald's to task over the McRib sandwich, calling its name a form of false advertising.
While retailers like Amazon, Macy's and Target are extending their return window for gifts bought during the holidays, some stores are adding fees to return purchases.
Less than two days after Delta Air Lines offered $30,000 to each passenger on board the flight that crashed and flipped in Toronto on Monday afternoon, the company is facing its first two lawsuits in the incident — and they likely won't be the last.
Texas Agricultural Commissioner Sid Miller is calling for a statewide ban on non-water additives, such as fluoride, in the public water system.
Last year, over 16 million vehicles drove on North Texas toll roads without paying, accumulating more than $69 million in unpaid tolls.
Eagle Mountain-Saginaw ISD said that the decision was made after consultation with Tarrant County Public Health.
The McKinney Fire Chief already has AED's placed in all police and fire vehicles.
Linda Potthoff of University Park says she had been short of breath for weeks before her condition suddenly worsened.
Nothing surgical could prepare her family for June 18, 2004, when her father was shot and killed on duty for the Grand Prairie Police Department.
The American Heart Association is partnering with Fort Worth PD to equip 150 patrol cars with the life-saving devices. Since officers are often first on the scene, this AHA-backed initiative aims to drastically improve survival rates across the community.
Small businesses along South Akard Street say the removal of a key bridge connecting Downtown Dallas to the Cedars neighborhood is already driving customers away, with no return of direct access expected until 2028.
An Amazon Prime delivery in Richardson this week left more behind than intended.
Prominent political and business leaders are named in the documents released by the Justice Department in connection with its investigations into Jeffrey Epstein.
A Dallas coffee chain says it's caught in a political firestorm after a walkout over an ICE discount.
During the World Cup, soccer fans will be able to get a taste of what North Texas' new professional soccer team, Atletico Dallas, has to offer.
The wide receiver will be guaranteed a $27.3 million salary for the 2026 season.
"Chasing Victory: An INDYCAR Exhibition" showcases the speed, innovation and legacy of open-wheel racing.
Wyatt Johnston scored his 30th and 31st goals of the season as the Dallas Stars beat the Seattle Kraken 4-1.
"I know, like, later on, there'll be a full invite for all Team USA athletes to go to the White House like there has been in the past," decorated U.S. women's hockey veteran Kelly Pannek told CBS News.
Connor Hellebuyck stopped 41 of Team Canada's 42 shots in the Olympic gold medal match.
Nick Reiner, 32, was charged with two counts of murder in the killing of his parents, Rob Reiner and Michele Singer Reiner.
Barry Manilow announced Friday he needs to reschedule several more concerts as he continues to recover following surgery after he was diagnosed with lung cancer.
"Jersey Shore" star Nicole "Snooki" Polizzi said in a TikTok video that her results at a post-op appointment for a cone biopsy showed stage 1 cervical cancer.
In April 2025, Eric Dane announced he had been diagnosed with amyotrophic lateral sclerosis, or ALS.
"The Late Show" host Stephen Colbert slammed CBS again on Tuesday night after the network issued a statement about his interview with Texas Democrat James Talarico.
The Red Bull Flugtag Airshow returned to Las Colinas on Saturday after a 12-year hiatus. Teams are tasked with constructing a flying machine and putting it to the test. It's estimated that around 25,000 people attended the event.
A suspect was taken into custody after an attack on Pearl Street Mall in Boulder on June 1 in which there were 15 people and a dog who were victims. The suspect threw Molotov cocktails that burned some of the victims, who were part of a march for Israeli hostages.
The Neonatal Intensive Care Unit babies at Texas Health locations across North Texas celebrated Valentine's Day.
As Anthony Davis prepared for his debut game at the AAC, Dallas Mavericks fans took to the arena to protest the controversial trade.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
