The national debt topped $40 trillion, according to Treasury Department data released on Wednesday, representing a fiscal milestone that underscores the federal government’s mounting borrowing and interest costs. The Treasury Department’s daily financial report shows that the nation’s debt reached $40.05 trillion on August 18, more than double its level in 2017. The federal debt has…
Why Trump says he’s pausing 50% tariffs on some Canadian goods for 3 days – CBS News Watch CBS News Just two hours before new tariffs were set to take effect on Canada, President Trump said the 50% tariffs on some of the country’s products would be paused for three days. Nancy Cordes explains. Source…
President Trump said Tuesday he has paused the 50% tariffs on a range of Canadian goods that were set to take effect Wednesday. “I have paused the 50% Tariffs against Canada, that were scheduled to kick in tomorrow morning for a three day period, based on the fact that Canada and the U.S.A., subject to…
Rio de Janeiro — Discord, the popular platform for gamers to communicate online, said Monday that it had suspended livestreams in Brazil after criticism that it failed to protect children and adolescents. The move came in the wake of a suicide case. Brazil’s government, under President Luiz Inácio Lula da Silva, and the country’s Supreme…
Washington — The United States and Canada have wrangled for decades over trade, poking each other interminably over sore spots like Canadian softwood lumber imports and U.S. access to Canada’s protected dairy market. Somehow, the two neighbors still managed to remain friends, allies and trading partners. Canadian soldiers fought alongside Americans in Afghanistan after 9/11….
On this “Face the Nation with Margaret Brennan” broadcast, moderated by Ed O’Keefe: Kentucky Gov. Andy Beshear, a Democrat Rep. Don Bacon, Republican of Nebraska Anthony Salvanto, CBS News executive director of elections and surveys Pennsylvania state Rep. Chris Rabb Wall Street Journal reporter Sabrina Rodriguez, NOTUS reporter Paul Kane, The Atlantic staff writer Toluse…
The following is the transcript of an interview with Rep. Don Bacon, Republican of Nebraska, that aired on “Face the Nation with Margaret Brennan” on Aug. 16, 2026. ED O’KEEFE: We turn now to Republican Congressman Don Bacon. He joins us from Omaha, Nebraska. Good morning, Congressman, and we understand it is your birthday. So…
Colombia’s new President Abelardo de la Espriella on Saturday called on President Trump to suspend tariffs currently targeting the South American nation, which is reeling after a deadly earthquake. U.S. tariffs on Colombian products rose from 10% to 12.5% in late July, with a few exceptions including coffee and oil. “I asked him to consider…
Refunds for illegal U.S. tariffs are starting to flow to businesses, and consumers could get a cut from companies that have vowed to share that financial relief with customers. The U.S. Customs and Border Protection (CBP) agency can only issue tariff refunds to the so-called importer of record — the entity that directly paid one…
The torrent of corporate spending on artificial intelligence in the U.S. is driving up consumer prices, working against efforts to cool inflation. AI requires enormous computing power, driving demand for the semiconductors that enable it. Rising chip costs are also prompting electronics manufacturers to raise prices on smartphones, computers, software and other tech accessories. Consumers are…
