Israel’s government is openly breaking with the US for the first time, Noam Chomsky told Al Jazeera, adding that far-right officials like Minister of National Security Itamar Ben-Gvir and Finance Minister Bezalel Smotrich “are simply telling the United States, get lost.”

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President Joe Biden and House Speaker Kevin McCarthy reached an “agreement in principle” late Saturday as they raced to strike a deal to limit federal spending and resolve the looming debt crisis ahead of a June 5 deadline, the House speaker said.

A deal would avert a catastrophic U.S. default, but risks angering both Democratic and Republican sides with the concessions made to reach it.

The Democratic president and Republican speaker reached the agreement after the two spoke earlier Saturday evening by phone, said McCarthy, speaking Saturday night. The country and the world have been watching and waiting for a resolution to political standoff that threatened the U.S. and global economy.

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With a default deadline looming, CBS News business analyst Jill Schlesinger joins "CBS Mornings" to discuss what's exactly at stake and how it could impact Americans.

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On Wednesday, the House of Representatives passed H.J.Res.45, Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of Education relating to "Waivers and Modifications of Federal Student Loans".

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Forbes Media chairman Steve Forbes discusses the state of the U.S. economy and the debt ceiling talks. He also predicts the Democratic Party will move on from President Biden and pick a new 2024 presidential nominee. #foxnews

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Biden and McCarthy spoke by phone early Saturday evening as they raced to prevent a catastrophic debt default.

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Guam residents were urged to stay home until the island is declared safe for travel, as the strongest storm in decades brought hurricane-force winds and heavy rain to the US territory. #CNN #News

Two Lululemon workers spoke out after witnessing a robbery at their store, calling the police and then being fired. “We didn’t really feel very protected or know what else to do,” said one of the former employees.

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Florida Gov. Ron DeSantis explains why he is running for president after giving his first interview since his 2024 announcement on 'Fox News Tonight.'

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This past week, the G7, the group of the world’s richest democracies, gathered in Japan to discuss Ukraine, Russia, global affairs, and their increasing concerns about a rising power looking out at them from over the water: China.

This was some of the sternest wording from the G7, and China dismissed it as a smear.

But the West also doesn’t want to completely antagonise and cut off China, with the Australian Prime Minister saying lessons had to be learnt from history.

So, are we entering a new Cold War, where conflict is avoided but tensions remain? Or are we not far off from a catastrophic war?

On today’s episode, I speak to Graham Allison, a former member of Bill Clinton’s defence department and one of the preeminent national security voices in America. He speaks to me about his historical theory called Thucydides Trap, where throughout the past a rising power has often come to blows with an established one. Will China and America go the same way?

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On the House floor, Rep. Marjorie Taylor Greene (R-GA) promotes articles of impeachment against President Biden and other officials.

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Rep. Chip Roy (R-TX) speaks about the debt ceiling on the House floor following a barrage of Democratic speeches excoriating Republicans.

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As Ukrainian and Western officials say Iran is sending weapons to Russia to support their war against Ukraine, CNN uncovers some of the routes they may be taking. CNN's Salma Abdelaziz reports. #CNN #News

According to three Republican sources, House Republicans and the White House reached a tentative agreement on the debt ceiling after weeks of negotiations, averting an economic crisis. The two sides worked overtime through the Memorial Day weekend to meet the June 5 deadline set by Treasury Secretary Janet Yellen. NBC News’ Allie Raffa has details of the late-night negotiations.

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Rep. Steve Scalise (R-LA) and Rep. Katherine Clark (D-MA) battle over the debt ceiling on the House floor, leading to cheers and jeers from their fellow lawmakers.

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