U.S. reaches debt ceiling limit

The United States has reached its debt ceiling limit, forcing the Treasury Department to take steps to avoid defaulting. Nicole D'Antonio reports for CBS2.

Recommended Stories

  • Trump in Even More Legal Hot Water After Lying to Judge

    Photo by Win McNamee/Getty ImagesFormer President Donald Trump appears to have lied in sworn court records, opening him up to severe sanctions by a New York judge who has already lost his patience and threatened to punish him before.Trump claimed he wasn’t the president of the Trump Organization during his four years at the White House, despite previously testifying that he was an “inactive president.” And he claimed that he didn’t have a financial stake in a partnership with the real estate com

  • Chinese corn mill in North Dakota deemed ‘significant threat’ by US Air Force

    The construction of a Chinese-owned corn mill in North Dakota will likely be halted after the U.S. Air Force flagged it as a “significant threat to national security.” Fufeng Group, an MSG and xanthan gum manufacturer based in Shandong province, China, previously bought 370 acres of farmland in Grand Forks through its American subsidiary. The city council approved the company’s $700 million proposal to build the mill last year, citing economic development success.

  • Jordan Klepper Left Stunned By Bizarre New Conspiracy Theories At Trump Event

    "The Daily Show" correspondent found some truly wild beliefs among the ex-president's supporters.

  • Inmate Humiliates Russia’s Shadow Army by Casually Taking Cab Home

    Spencer Platt/GettyPrisoners recruited by Russia’s Wagner Group to fight in Ukraine seem to be increasingly realizing they’ve been duped, and that no one ever counted on bringing them back alive.One inmate recruited by the group back in November has absconded from his team in Ukraine’s Luhansk region and fled to Russia by bus and ride-sharing app, where he says he is now hiding out in fear of revenge.“We thought we’d be equal with the hired fighters, that we wouldn’t be any different, but in rea

  • Stormy Daniels thanks Trump for accidentally appearing to admit that an affair with her 'happened a long time ago'

    Daniels tweeted a snarky rebuttal after Trump on January 31 called her a "horseface" on Truth Social.

  • Wagner troops wouldn't 'stop coming' and climbed over bodies of dead comrades like something out of a 'zombie movie,' says Ukrainian soldier

    The soldier told CNN he fought waves of these mercenaries for 10 hours in a fierce battle for the town of Bakhmut.

  • Damning Montage Exposes Donald Trump’s Fifth Amendment Hypocrisy In Less Than A Minute

    The former president used to have a very different opinion of people who invoked the constitutional right.

  • MSNBC Host Ridicules Lindsey Graham's ‘Hostage’ Video For Trump: ‘Blink Twice’

    "Oh man," began Ayman Mohyeldin as he ridiculed the South Carolina Republican's address at Donald Trump's 2024 campaign rally.

  • George Santos loses his cool with OAN reporter after being questioned about the sincerity of his apology for campaign lies

    The New York Republican is facing mounting pressure over his many false claims, even from right-wing media outlets like OAN.

  • Trump’s Financial Situation Is Even Shakier Than We Knew

    When Donald Trump left office in early 2021, he was apparently on much thinner financial ice than almost anyone knew.That revelation, which three accounting experts confirmed upon reviewing Trump’s 2020 tax return, may help explain some of the financial and political moves the former president has made in the intervening years. Snowballing legal fees, along with other possible legal settlements and judgments, threaten to consume the

  • What Adani’s Downfall Tells Us About India’s Crony Capitalism

    The allegations put a spotlight on the relationship between India's business and political elite.

  • Putin's Ally On How To Force West To Negotiate — Position Hypersonic Missiles To Hit US In 5 Minutes

    As Russian troops continue military operations in the then more-than-four-month-old war against Ukraine, tempers were flying high. Andrei Gurulyov, a crony of President Vladimir Putin and a Duma member, reportedly told Rossiya-1, that Russia should look to recreate the Cuban missile crisis. The Cuban missile crisis of 1962 saw the U.S. and the now-defunct Soviet Union prepping for nuclear missile attacks, the former positioning them in Italy and Turkey and the latter in Cuba. Also Read: Putin's

  • A conservative judge who helped stop Trump on Jan. 6 wants to finish the job

    Late one night in the spring of 1994, a 40-year-old federal judge was startled awake by loud pounding at the front door of his home in Vienna, Va. The sound was so jarring, so insistent, so out of character for his quiet Washington suburb that it unnerved J. Michael Luttig, a product of Northeast Texas who had put down deep roots in Beltway power circles.Subscribe to The Post Most newsletter for the most important and interesting stories from The Washington Post. Luttig told his wife, Elizabeth,

  • MAGA Radio Host Tells Trump: ‘Nobody Cares’ About Your ‘Grievances’

    Scott EisenMAGA-boosting radio host John Fredericks has turned on Donald Trump, telling the former president in no uncertain terms on Tuesday that “nobody cares” about his petty media feuds and “grievances” anymore.Fredericks, a longtime supporter of the twice-impeached ex-president, largely took issue with how Trump has seemingly ignored political issues while focusing his attention on far-fetched lawsuits and complaints about “fake news.” Additionally, Fredericks grumbled about Trump privately

  • Do Republicans want to cut Social Security and Medicare? Sen. Thom Tillis says those questions are based on ‘a false premise.’

    Tillis said he supports setting up Social Security and Medicare systems that he, “as a person with almost 40 years of business background, can look at the numbers and say, ‘This is a promise we can keep.'” His business experience includes stints with companies such as IBM (IBM) and PwC. Potential reductions to major federal entitlement programs have been a hot topic in recent days, with President Joe Biden and other Democrats criticizing Republicans over the issue.

  • Top Russian Official Slams ‘Significant’ War Flops to Putin’s Face

    SPUTNIK / AFPRussia’s Prosecutor General Igor Krasnov informed Russian President Vladimir Putin that more than 9,000 reservists were illegally mobilized in the war against Ukraine, according to the president’s office.“Through the efforts of supervision, more than nine thousand citizens who were illegally mobilized were returned home, including those who, due to their health, should not have been mobilized in any way,” Krasnov said in a meeting with Putin, the transcript of which was shared on Tu

  • This will force Russia to end the war

    This question is complex in reality, but from our point of view, simple at the same time.

  • Trump ‘False Denials’ in Fraud Suit Merit Sanctions, NY Says

    (Bloomberg) -- New York’s attorney general said she will seek sanctions against former President Donald Trump, his three oldest children and their lawyers for making “demonstrably false” denials in response to the state’s $250 million fraud suit.Most Read from Bloomberg8,000 Layoffs Don’t Exactly Scream Family ValuesNational Archives Releases Records Tied to Trump Classified DocumentsIntel Slashing CEO, Managers’ Pay in a Bid to Preserve CashAdani Stock Crash at $92 Billion as Collateral Worries

  • When China Took Issue Over US Military Vessel Reportedly Entering Territorial Waters

    China took issue with an American guided-missile destroyer that was spotted near the disputed Paracel Islands in the South China Sea in July. USS Benfold had been navigating through the waters under the UN Convention on the Law of the Sea, which allows a vessel to conduct an innocent passage if it does not harm the peace, order or security of a coastal state. The US Seventh Fleet said restrictions on innocent passage imposed by China and other claimants to the islands breached international law.

  • Stephen Colbert Is Ready To Hurl Over This 1 Horrifying Image Of Trump

    The "Late Show" host dropped a very unrefreshing refresher on the former president.