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.
The president spoke less than 24 hours after the Senate approved the agreement in a bipartisan vote.
The legislation now goes to President Biden's desk, pulling the nation back from the brink of a financial crisis.
The Senate votes on the bill next.
A majority of Democrats and a majority of Republicans voted in favor of the Fiscal Responsibility Act.
Rep. Thomas Massie broke with two other conservatives on the House Rules Committee to advance the legislation to the House floor.
The House passed the bill to raise the debt ceiling Wednesday. Now, the Senate will take it up.
The debt ceiling deal has cleared both chambers of Congress and is headed to the president's desk.
The House Democratic leader said he can guarantee the U.S. will not default on its debt.
After days of intense negotiations and weeks of talks, an agreement in principle has been reached to raise the debt ceiling.
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.
"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.
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.
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.
Here's a look at who the 'Boys have drafted so far.
Harvey Weinstein's 2020 conviction on felony sex crime charges was overturned by the State of New York Court of Appeals.
There's a level 4, moderate risk for the potential of strong and long-track tornadoes Saturday afternoon into evening.
Wednesday's shooting outside of the Arlington school devastated current and former students and staff.
WEATHER ALERTS issued for Saturday afternoon through Sunday afternoon.
There's a level 4, moderate risk for the potential of strong and long-track tornadoes Saturday afternoon into evening.
Here's a look at who the 'Boys have drafted so far.
The 2024 NFL Draft kicks off Thursday night in Detroit.
Wednesday's shooting outside of the Arlington school devastated current and former students and staff.
Police arrested 17-year-old Julian Howard and charged him with one count of murder in the death of Etavion Barnes, 18.
A scammer a North Texas woman met on Instagram claimed to be a German cardiologist, and for months, the two messaged back and forth, building what she thought was a true relationship.
They found him guilty – now four jurors are explaining how they were convinced to convict Dr. Raynaldo Ortiz.
Texas police departments have the discretion to determine the frequency and extent of additional driving training for their officers. While some require driving training yearly or every other year, others do not.
Some departments opt to melt the firearms down, while others choose to crush them. However, there are instances where firearms, or at least parts of them, escape destruction altogether.
Several police departments told the CBS News Texas I-Team they were unaware of this practice, even though it was stated in the contracts they signed with the company, Gulf Coast GunBusters.
Both Senator Ted Cruz, R-Texas and U.S. Rep. Colin Allred, D-Dallas are running for U.S. Senate this fall, which is the marquee race in Texas.
Border officers have broad authority to search travelers' electronic devices without a warrant or suspicion of a crime.
The Supreme Court convened to consider whether former President Donald Trump is entitled to broad immunity from criminal charges in the 2020 election case.
A Texas grand jury indicted more than 140 migrants on misdemeanor rioting charges over an alleged mass attempt to breach the U.S.-Mexico border, a day after a judge threw out the cases.
Regulators prohibit new noncompetes, which impede millions of U.S. workers from getting a better job.
Self-driving 18-wheelers have longtime truckers worried about their livelihood and others concerned that the technology needs more testing to make sure the public is safe.
McDonald's concept restaurant CosMc's has taken its drink-focused menu to Dallas for its second-ever location.
With the country on the cusp of greeting the return of spring, a warm-weather treat is once again available for free for a limited time only.
Kelli and Michael Regan were looking for a new dog. The breeder they found online asked them to pay with gift cards.
Target, looking for ways to add sales, is relaunching its Target Circle loyalty program including a new paid membership with unlimited free same-day delivery in as little as an hour for orders over $35.
The CDC estimates the U.S. could reach 300 measles cases in 2024 — more than the recent peak two years ago.
Organic option is best when buying certain produce, especially blueberries, nonprofit group says in analysis of chemical residues.
The $872 million most likely excludes any amount UnitedHealth may have paid to hackers in ransom.
More than 20 people have been stricken after getting fake or mishandled injections in homes and spas, feds warn.
George Schappell and sister Lori, of Reading, Pa., were the world's oldest conjoined twins, according to the Guinness Book of World Records.
Within hours of the vote, the U.S. Chamber of Commerce announced it would sue to block the ban. Dallas employment attorney Rogge Dunn predicts employees will ultimately win this battle.
The closure affects both Dom's locations in Chicago, and all 33 Foxtrot stores in Chicago, Texas, and the Washington D.C. area.
Texas law SB 14 prohibits drug and surgical "gender transition" interventions for minors.
The projects are expected to create at least 17,000 construction jobs and 4,500 manufacturing jobs.
After more than 40 years in business, 99 Cents Only Stores, a discount chain, announced on Thursday that it will close all 371 of its locations and cease operations.
Here's a look at who the 'Boys have drafted so far.
With the departure of Tyron Smith, Guyton has massive shoes to fill at left tackle. The starting job will not be given to him, but Jones did not draft him to watch him sit on the bench.
The 2024 NFL Draft kicks off Thursday night in Detroit.
An unprecedented six of the first 12 picks were quarterbacks, an NFL Draft record.
Straight out of the 2024 Big Green NFL Draft Scouting Notebook, here's who the Cowboys won't draft this year, but should.
Harvey Weinstein's 2020 conviction on felony sex crime charges has been overturned by the State of New York Court of Appeals.
Mary J. Blige, Cher, Foreigner, A Tribe Called Quest, Kool & The Gang, Ozzy Osbourne, Dave Matthews Band and Peter Frampton have been named to the Rock & Roll Hall of Fame.
Taylor Swift broke her own records, Spotify said, and now owns the record for the top three most-streamed albums in a single day.
The singer was found deceased at her home, a representative said.
Anticipation was growing at a fever pitch before Taylor Swift's latest album, "The Tortured Poets Department," dropped at midnight EDT. But it turned out it's actually a double album.
The National Weather Service will be out surveying a lot of areas in North Texas where severe storms have caused a lot of damage. Our Dawn White is in Frost, talking to residents.
The National Weather Service will be out surveying a lot of areas in North Texas where severe storms have caused a lot of damage. Our Dawn White is in Frost, talking to residents.
Even NBA superstars cannot overpower Dallas traffic. That is what happened Friday, just before Game 3. The star player and his 1968 Chevrolet Camaro were stuck in traffic, just like the rest of us.
You can save on qualifying items, like portable generators that cost less than $3,000; emergency ladders priced below $300; things like household batteries and flashlights, as long as the cost less than $75. You can also purchase the supplies online tax-free until midnight Monday.
Dallas-based Southwest Airlines is pulling out of four airports as it looks for ways to manage a $31 million loss in the first quarter. It's ending flights in Cozumel, Mexico; Syracuse, New York; Bellingham, Washington; and George Bush Intercontinental Airport in Houston.
Dallas artist Roberto Marquez traveled to the Rafah Crossing in Egypt, the U.S. capital and will attend this weekend's statewide protest in Austin.
On Friday, hundreds of thousands of fans gathered outside and all around Globe Life Field in Arlington to celebrate the Texas Rangers historical World Series win!
Babies in the neonatal intensive care unit at several Texas Health hospitals were dressed in creative costumes for Halloween.
Is that the smell of cotton candy, beignets and brisket wafting over Fair Park? It sure is, and we are here for it!
No one puts these dolls back in their boxes. Babies in the neonatal intensive care unit at Texas Health Harris Methodist Hospital Southwest Fort Worth are pretty in pink!