nancy cordes takes a look at the new push to hold airlines accountable. >> reporter: when a cancellation is the airline's fault, the president says they should have to pay up. >> you deserve to be fully compensated. your time matters. impact on your life matters. >> reporter: he vowed to roll out new rules by the end of the year, requiring airlines to cover things like rebooking fees, hotel stays, ground transportation, and meal vouchers when weather is not to blame. transportation secretary pete buttigieg says the government may not stop there. >> is there a possibility you could require the airlines to give people cash? >> that's absolutely something that could happen under this proposed rule. >> reporter: he pointed to the european union which now requires airlines to pay passengers between 250 and 600 euros for avoidable delays. >> these rules are unnecessary. >> reporter: u.s. carriers pushed back, arguing they'll just have to pass those new costs on to customers. >> ticket prices will go up, plain and simple. that's what happened in europe. that's what will happen here. >> reporter

and as cbs's nancy cordes reports, you could get cash. >> reporter: when a cancellation is the airline's fault, the president says they should have to pay up. >> you deserve to be fully compensated. your time matters. the impact on your life matters. >> reporter: today he vowed to roll out new rules by the end of the year requiring airlines to cover things like rebooking fees, hotel stays, ground transportation, and meal vouchers when weather is not to blame. transportation secretary pete buttigieg says the government may not stop there. >> is there a possibility you could require the airlines to give people cash? >> that's absolutely something that could happen under this proposed rule. >> reporter: he pointed to the european union, which now requires airlines to pay passengers between 250 euros and 600 euros for avoidable delays. >> these rules are unnecessary. >> reporter: u.s. carriers pushed back today, arguing they'll just have to pass those new costs on to customers. >> ticket prices will go up, plain and simple. that's what happened in europe. that's what will happen here. >> rep

nancy cordes takes a look at the decision and the ripple effect it's having. >>> it's possible that weill have what i hope would be a mild recession. >> reporter: the federal reserve pushed interest rates to their highest point since 2007, and the fed may not be done yet. >> a decision on a pause was not made today. >> reporter: it's a high-stakes decision because the rising cost of borrowing money has already contributed to the failure of three major banks in the past two months. it has also driven down home sales by nearly 20%. emily bokyo has been house hunting in minnesota for six months. >> i don't think anyone's ever prepared to pay more. but it's -- it's unfortunately our society. >> reporter: and yet the inflation those rate hikes were meant to tame remains stubbornly high. down from last year's peak of 9% but still far from the goal of 2%. >> it's now clear that the fed was late in starting its rate hike campaign. and because they were late, they had to increase by much more than the normal pattern of fed increases. >> reporter: now some economists are warning that raising rat

cbs's nancy cordes joins us now from the white house. ents ome from this -- come out of this high-stakes meeting? >> reporter: unfortunately, norah, if wall street and main street were looking for reassurance coming out of this meeting, they did not get it. instead, president biden and house speaker kevin mccarthy% stuck to their positions and agreed to meet again on friday. but at that point, the u.s. could be less than three weeks away from defaulting on its debt unless congress acts, and here's why this is so serious. even a brief default could cause a downgrade of u.s. credit and delay the distribution of food stamps and social security checks and so much more. while a prolonged crisis could drive up interest rates and put more than 8 million americans out of work. now, here is the impasse. president biden says congress needs to raise the nation's borrowing limit, no strings attached, but speaker mccarthy and republicans say the debt limit hike needs to be paired with major domestic spending cuts. did the president tell you that there

cbs's nancy cordes will start us off tonight from the white house with the latest details. od evening, j.b. i just spoke with a key negotiator who was preparing at this point for the possibility of a long night now that those talks are back on. the question is, can the divide that led to today's dustup be resolved before a looming and very important deadline? an ominous sign less than two weeks before a possible u.s. default. >> just unreasonable. >> reporter: republican negotiators walking out on talks with white house officials, who then departed, too. >> any progress? >> reporter: house speaker kevin mccarthy said the two sides are at an impasse. >> we've got to pause. >> reporter: the sticking point is government spending. in exchange for raising the nation's borrowing limit, house republicans want to impose caps that amount to an across-the-board 13% cut in government spending. >> the white house is just, we can't be spending more money next year. we have to spend less than we spent the year before. it's pretty easy. >> reporter: the white house said it is open to some

so these things can be tricky to parse. >> nancy cordes, thank you.up to mother's day. the racial disparities in maternal health continues to be a problem nationwide and now one organization is trying to help. cbs's elise preston takes a look at a service in los angeles that is providing black women with a doula, that's a trained professional to guide them through the birthing process. >> breathe in, two, three. >> reporter: carrie bernans is counting down to when she and her partner jeremy welcomed their first child, a baby boy. the healthy expectant mother feared she would have to deliver at just 24 weeks after having some early contractions, she says doctors misdiagnosed her with an open cervix. >> that was just like unnecessary, and it was just hard. rt her dicatierpresed we beinnd switched doctors and got a doula from frontline doulas. a community that provides free access to care for black mothers in los angeles. >> i also wanted a black woman too, i wanted someone that could understand me and understand what i was going through, understand my b

nancy cordes, thank you. cdc director dr.ed she is stepping out of the end of june. wilensky helped oversee the biden administration's covid response estimation emerge from markdowns. no word yet on her replacement. lenski's departure comes as the u.s. government is set to end the public health emergency next week. also today, the world health organization declared in end to the global emergency phase of the pandemic, but caution thousands are still dying from the virus every week. britain will officially crowned king charles iii tomorrow morning and the united kingdom's first coronation in more than 70 years. it is a ceremony steeped in tradition and history. cbs's holly williams has a preview. [cheering] >> reporter: a rare event today outside the gates of buckingham palace. king charles mingling with the crowd, along with the prince and princess of wales. she even spoke to a woman in tennessee, who couldn't make it because she broke her leg. >> i hope you get better soon. >> i will. thank you very much. >> bye. >> reporter

>> norah: nancy cordes at the white house. thank you. ukraine.rities tonight are accusing ukraine of launching a drone attack on the kremlin in an attempt to assassinate president vladimir putin. cbs's charlie d'agata reports from dnipro that ukraine denies any involvement and warns russia could be using the incident to launch a large-scale attack. >> reporter: unverified footage appears to show an object flying toward the dome of the kremlin before bursting into flames. 1 of 2 drones brought down, said the kremlin, using electronic radar assets. the russian president wasn't there at the time, according to a spokesman. the kremlin's press office described the incident as a planned terrorist act, vowing that russia reserves the right to take retaliatory measures where and when it seittoda rainn presidenty ed had anything to do with it. >> we don't attack putin or moscow. we fight on our territory. we are defending our villages and cities. >> reporter: u.s. secretary of state antony blinken said he had seen the reports. >> i can't in any way valida

cbs's nancy cordes joins us now from the white house. all right. nancy, did any agreements come out of this high-stakes meeting? >> reporter: unfortunately, norah, if wall street and main street were looking for reassurance coming out of this meeting, they did not get it. instead, president biden and house speaker kevin mccarthy stuck to their positions and agreed to meet again on friday. but at that point, the u.s. could be less than three weeks away from defaulting on its debt unless congress acts. and here's why this is so serious. even a brief default could cause a downgrade of u.s. credit and delay the distribution of food stamps and social security checks and so much more while a prolonged crisis could drive up interest rates and put more than 8 million americans out of work. now, here's the impasse. president biden says congress needs to raise the nation's borrowing limit, no strings attached. but speaker mccarthy and republicans say the debt limit hike needs to be paired with major domestic spending cuts. >> did the president tell you that t

>> nancy cordes at the white house, thank you. >>> overseas now to a wild accusation in the war in ukraine. russian authorities tonight are accusing ukraine of launching a drone attack on the kremlin in an attempt to assassinate president vladimir putin. cbs' charlie d'agata reports from dnipro that ukraine deny nice involvement, and warns russia could be using the incident to launch a large scale attack. >> reporter: unverified footage appears to show an object flying toward the dome of the kremlin before bursting into flames. one of two drones brought down, said the kremlin, using electronic radar assets. the russian president wasn't there at the time, according to his spokesman. the kremlin's press office described the incident as a planned terrorist act, vowing that russia reserves the right to take retaliatory measures where and when it sees fit. on a visit to finland today, the ukrainian president flatly denied kyiv had anything to do with it. >> we don't attack putin or moscow. we fight on our territory. we're defending our cities. >> reporter: u.s. secretary of state antony blinken

the arrest struck a cord with are supporters worldwide as witnesses say that neely was acting erratically and making threats before penny restrained him. former federal prosecutor nancyoins us now to talk about this. >> hi, ainsley. >> ainsley: what is he up against now? how do you see this playing out in court? >> well, this is such an incredible and interesting case, ainsley. i have a bunch of questions. first, i wonder why alvin bragg chose to take former president trump to the grand jury for weeks and weeks for an investigation of what was effectively misdemeanors but for this case, which is a felony, which involves someone's death, he didn't bother to go to grand jury. he just brought the charges himself. he brought them very quickly would suggest he was in a hurry might mean is he feeling political pressure from left flank. after the charges we found out another eyewitness has come forward to say that the person who was killed was actually making threats. >> ainsley: do you think that alvin bragg was pressured? there were so many protesters down in the subways preventing all the trains from actually moving on the tracks. i know he had sent it to the grand jury.