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CBS Evening News with Norah O'Donnell, 05/01/23

CBS Evening News

00:00

The U.S. Helps About 1,000 Americans Evacuate Sudan

First Republic's depositors withdrew $100 billion, plunging the stock by more than 75% last week. JP Morgan Chase CEO Jamie Dimon warned the collapse could mean a reduction in bank lending, but would not increase the risk of a recession. President Biden called House Speaker Kevin McCarthy and invited him to the White House next week to talk about the debt limit. Treasury Secretary Jenna Yellen warned that the U.S. could run out of money by June 1st if Congress doesn't raise or suspend the limit.

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