You can now start contributing to a Trump Account. Here's what to know.
Starting July 4, people can deposit money into the new tax-deferred investment accounts, with eligible children receiving a $1,000 government contribution.
MoneyWatch
Latest News
One year later, here's who won — and lost — under the OBBBA
A year after President Trump signed the sweeping tax and spending package, its effects on households, businesses and federal programs are increasingly evident.
EasyJet agrees to $6.7 billion takeover by U.S. private equity firm
U.K. budget airline has struck a deal to be acquired after rejecting four previous offers by the American investment firm.
Exclusive
Bessent on Trump's crypto earnings: "I don't think there's an appearance problem"
Treasury Secretary Scott Bessent touched on the recent disclosure of President Trump's crypto earnings, the latest developments with the tax-deferred Trump Accounts, and the struggles facing the U.S. economy.
U.S. says it's monitoring oil markets for price-fixing, urges states to do same
Antitrust regulators suggested that state attorneys general could assist in investigating unlawful conduct by companies.
How to save money on air conditioning as electric bills climb
As Americans endure another bout of extreme heat, experts say small thermostat adjustments and other energy-saving steps can help reduce soaring cooling costs.
More than 100,000 fireworks recalled ahead of July 4
Federal safety regulators are urging consumers to stop using the recalled fireworks and return them for a full refund.
Spotify removes streams of No. 1 song after suspicious Kalshi bets
Spotify said the streams tied to Malcolm Todd's "Earrings" were not from genuine listeners after suspicious betting activity emerged on Kalshi.
Taxes on Trump's $1.4 billion crypto income could total hundreds of millions
The White House declined to say how much President Trump paid in taxes on his crypto windfall.
Managing Your Money
More
How much debt is too much when you're in retirement?
Retirement debt isn't always a problem, but it's important to know how much debt is too much to manage.
Are mortgage points worth buying right now? Here's what 3 experts think.
Buying points can lower your mortgage rate, but they're not the right tool for every homebuyer in this landscape.
What not to do if your CD account matures this July
Have a CD account with a July 2026 maturity date? Here are three things to avoid doing before that point.
From Our Data Team
Tracking rising cost of cars, trucks, groceries ahead of Trump's tariffs
CBS News is tracking the rising cost of products most impacted by tariffs imposed and soon-to-be-imposed by President Trump, from grocery items to cars and trucks.
MoneyWatch price tracker shows how much food, utility, housing costs are rising
These charts track prices consumers pay for groceries and other goods now compared to five years ago.
Retirement
Social Security faces looming benefit cuts. Can the program be saved?
Social Security checks could see a 22% cut in 2032 unless Congress takes steps to shore up the program. Here are 5 ideas for fixing it.
Here's the retirement challenge nobody talks about
Many Americans spend decades saving for retirement, but lack a plan for using that money once they stop working, a new survey finds. Here's what to know.
Social Security checks could be cut by $500 a month in 2032, report finds
Beneficiaries would continue receiving payments if Social Security's trust fund is depleted, but checks could shrink by about 24%, according to a new report.
Work
Can an AI agent cover for you while you're at the beach?
"AI can make everything that was on my plate visible to colleagues while I'm gone," one expert said.
Working remotely can hurt people's mental health, research finds
Although working remotely offers flexibility, it also takes a toll on people's mental health, experts said.
The main reason some young college grads are struggling to find work
Economists at the New York Federal Reserve say they've identified the main reason some recent college grads are having trouble landing a job.
U.S.
More U.S.
EasyJet agrees to $6.7 billion takeover by U.S. private equity firm
U.K. budget airline has struck a deal to be acquired after rejecting four previous offers by the American investment firm.
2 National Guard members on patrol in Memphis fatally shoot man, police say
Two Tennessee National Guard members fatally shot a man in Memphis who turned toward them with a gun during a downtown pursuit, authorities said.
FIFA criticized for lifting U.S. star's red card suspension after Trump phone call
Europe's soccer governing body and prominent commentators have criticized the decision, which allows Folarin Balogun to play against Belgium.
![National Weather Service in Chanhassen MN., on 4/13/12.] Bruce Bisping/Star Tribune bbisping@startribune.com](https://assets2.cbsnewsstatic.com/hub/i/r/2026/07/06/f946d060-d5dd-4284-b64a-2fb61da76b11/thumbnail/640x360/4ab93e88cf864fe5235f91fbc060511f/gettyimages-2271686852-1.jpg#)
Weather service faces hurricane season with less experienced staff, missing data
The National Weather Service is hiring hundreds of entry-level employees after losing about 15% of its staff to federal cuts last year.
Full transcript of "Face the Nation with Margaret Brennan," July 5, 2026
On this "Face the Nation with Margaret Brennan" broadcast, Reps. Adriano Espaillat and Carlos Giminez join Ed O'Keefe.
MoneyWatch
More MoneyWatch
EasyJet agrees to $6.7 billion takeover by U.S. private equity firm
U.K. budget airline has struck a deal to be acquired after rejecting four previous offers by the American investment firm.
More than 100,000 fireworks recalled ahead of July 4
Federal safety regulators are urging consumers to stop using the recalled fireworks and return them for a full refund.
How to save money on air conditioning as electric bills climb
As Americans endure another bout of extreme heat, experts say small thermostat adjustments and other energy-saving steps can help reduce soaring cooling costs.
Here's who won — and lost — under Trump's "big, beautiful bill"
A year after President Trump signed the sweeping tax and spending package, its effects on households, businesses and federal programs are increasingly evident.
U.S. says it's monitoring oil markets for price-fixing, urges states to do same
Antitrust regulators suggested that state attorneys general could assist in investigating unlawful conduct by companies.
Politics
More Politics
Transcript: Reps. Adriano Espaillat and Carlos Gimenez on "Face the Nation with Margaret Brennan," July 5, 2026
The following is the full transcript of an interview with Reps. Adriano Espaillat, Democrat of New York, and Carlos Gimenez, Republican of Florida, a portion of which aired on "Face the Nation with Margaret Brennan" on July 5, 2026. The interview was taped on July 2, 2026.
Full transcript of "Face the Nation with Margaret Brennan," July 5, 2026
On this "Face the Nation with Margaret Brennan" broadcast, Reps. Adriano Espaillat and Carlos Giminez join Ed O'Keefe.
NASA administrator: "We are very much in a space race right now" against China
NASA Administrator Jared Isaacman said the U.S. is "very much in a space race right now" against China, as the two countries vie to land astronauts on the moon and secure a near-permanent presence.
Mallory McMorrow suspends Senate campaign in Michigan
State Sen. Mallory McMorrow announced on Sunday that she is suspending her campaign for Senate, narrowing the Democratic field ahead of the competitive August primary.
Ex-CDC official describes "pure chaos" as RFK Jr. sought to transform agency
Former CDC chief medical officer Dr. Debra Houry warned the "scientific integrity" of federal health agencies are at risk.
HealthWatch
More HealthWatch
Switching to a cheaper health plan delayed a man's access to vital medicine
A Florida man thought he had carefully planned for a seamless switch between health plans. It was anything but.
D.C. air quality drops to "very unhealthy" levels after July 4th fireworks
A "purple" air quality alert was issued for Washington, D.C., and surrounding areas, meaning pollution reached levels considered "very unhealthy."
1 symptom leads to dad's cancer diagnosis: "I was like, 'Wait, what?'"
Eric Dillon thought the pain in his shoulder was a minor injury. It took two years to get the real answer.
Why tick season is expected to be worse than normal
The CDC is reporting the highest rate of emergency room visits from tick bites since 2017 in many parts of the U.S.
Investigation
What a Brooklyn bodega reveals about the craze for an experimental weight-loss drug
It isn't approved by the FDA, but we found an experimental weight-loss drug called retatrutide for sale at a local convenience store.
World
More World
EasyJet agrees to $6.7 billion takeover by U.S. private equity firm
U.K. budget airline has struck a deal to be acquired after rejecting four previous offers by the American investment firm.
U.K. fighter jets intercept Russian plane near aircraft carrier off Iceland
The Russian Bear-F plane "repeatedly approached" the HMS Prince of Wales aircraft carrier, flying "unnecessarily close" and dropping sonar devices, according to the U.K.'s defense ministry.
Prince Harry at odds with Buckingham Palace over U.K. stay
Prince's Harry's spokesperson says an offer to stay was "withdrawn at the last moment," which the Palace denies
FIFA criticized for lifting U.S. star's red card suspension after Trump phone call
Europe's soccer governing body and prominent commentators have criticized the decision, which allows Folarin Balogun to play against Belgium.
Jewelry worth millions of dollars stolen from French museum
Burglars stole millions of dollars worth of jewelry from the museum of luxury glassmaker Lalique just months after a stunning gem heist at the Louvre.
Entertainment
More Entertainment
Entertainment
Details on Taylor Swift-Travis Kelce wedding
More details are emerging about the huge Taylor Swift and Travis Kelce wedding that brought together 1,000 people in New York City. CBS News' Lilia Luciano reports.
Taylor Swift, Travis Kelce wedding recap
PEOPLE editor-in-chief Charlotte Triggs talks about the details emerging regarding Taylor Swift and Travis Kelce's wedding - including what it looked like inside Madison Square Garden and who was invited.
Extended interview: J.K. Simmons
In this web exclusive, the character actor who won an Academy Award for "Whiplash" talks with correspondent Tracy Smith about his roles, the epitomes of real characters.
"Little House on the Prairie": The beloved books are back on screen
Laura Ingalls Wilder's semi-autobiographical book series, which inspired a classic 1970s TV show, is returning to screens this summer in a new adaptation.
A return to "Little House on the Prairie"
Laura Ingalls Wilder's semi-autobiographical "Little House on the Prairie" series, which inspired a classic 1970s TV show, is returning to screens this summer in a new adaptation of Wilder's beloved books. Correspondent Faith Salie talks with stars Alice Halsey, Skywalker Hughes, Crosby Fitzgerald and Luke Bracey; writer-showrunner Rebecca Sonnenshine; and executive producer Joy Gorman Wettels, about myth-making and pioneers in the American West.
Technology
More Technology
Technology
Why U.S. initially restricted Anthropic AI models
The Trump administration has lifted export restrictions on Anthropic's most advanced artificial intelligence models, Fable and Mythos, after weeks of negotiations over national security concerns. CNET Editor-in-Chief David Katzmaier joins to discuss.
White House lifted AI limits, Anthropic says
Tech giant Anthropic says that the federal government has now removed restrictions from its robust Claude Fable 5 and Mythos 5 models. Axios reporter Madison Mills has more on artificial intelligence regulation.
How AI powered robots are helping small farms
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
Sony to stop making physical discs for PlayStation starting in 2028
After January 2028, new games will be available exclusively in digital format from the PlayStation Store and at retailers, Sony said.
Consumers need protection from AI agents, lawmaker says
Sen. Mark Warner wants to create a federal registry of trusted AI agents and ensure autonomous bots operate like fiduciaries.
Science
More Science
Telescope spots most distant quasars ever discovered
Quasars — the brightest objects in the universe — are powered by supermassive black holes at the heart of early galaxies.
The American innovation that made millions of others possible
From the lightbulb to the airplane, to medical breakthroughs and the internet age, the past 250 years have been defined by America's intrepid intellect.
New White House UFO panel chair speaks out
The White House appointed former Harvard University astronomer Avi Loeb to lead its new panel on Unidentified Anomalous Phenomena, also known as UAPs and UFOs. Loeb shares his enthusiasm for his new role.
3 futurists predict what America will be like in the centuries ahead
From space to healthcare and artificial intelligence, what could the next 250 years of the United States look like?
NASA strives to save doomed telescope
NASA is in a race against time as the Swift Observatory telescope in orbit sinks closer to Earth. CBS News consultant William Harwood explains the $30 million salvage operation.
Crime
More Crime
Crime
Hearing for man accused of killing Kirk
Prosecutors on Monday aim to convince a judge at a key hearing that they have enough evidence against Tyler Robinson to go to trial and seek the death penalty. Robinson is accused of murdering conservative activist Charlie Kirk, whose widow and parents are expected to be in the courtroom. Carter Evans reports.
2 National Guard members on patrol in Memphis fatally shoot man, police say
Two Tennessee National Guard members fatally shot a man in Memphis who turned toward them with a gun during a downtown pursuit, authorities said.
Jewelry worth millions of dollars stolen from French museum
Burglars stole millions of dollars worth of jewelry from the museum of luxury glassmaker Lalique just months after a stunning gem heist at the Louvre.
Rep. Nancy Pelosi's husband suspected in Napa County hit-and-run
Paul Pelosi, the husband of former House Speaker Nancy Pelosi, is suspected of crashing into a parked car and driving away from the scene Friday afternoon in Northern California.
Trump announces 6 new pardons
The four presidents carved into Mount Rushmore collectively issued over 1,100 pardons. President Trump, who is visiting there tonight, has outdone them all and is now adding more. Nancy Cordes reports.
Space
More Space
Telescope spots most distant quasars ever discovered
Quasars — the brightest objects in the universe — are powered by supermassive black holes at the heart of early galaxies.
Mission launched to rescue a falling space telescope
Katalyst Space's LINK spacecraft is designed to capture and boost NASA's Swift observatory back to a safe altitude.
NASA astronauts operate on space station's broken robot arm
The orbital surgery on the International Space Station returned the Canadian-built robot arm to full health after its "wrist" joint failed last month.
NASA prepares to launch rescue to save telescope from falling to Earth
The $30 million salvage operation gets underway as soon as this week with the planned launch of a robotic lifesaver.
Astronomers find 2 gigantic planets lighter than cotton candy
The featherweight pair — orbiting a star 1,110 light-years away — are the biggest exoplanets found to have less density than cotton candy.
Latest Galleries
More Latest Galleries
Celebrations at Obama Presidential Center
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
Notable Deaths in 2026
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Summer music highlights of 2026
Summer is the time to enjoy live music, indoors and out. Scroll through our gallery of some of 2026's leading musical acts, featuring images by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Who is Alix Tichelman?
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Latest CBS News Videos
More Latest CBS News Videos
Latest CBS News Videos
Trump details call with FIFA president
President Trump detailed his call with FIFA President Gianni Infantino regarding U.S. striker Folarin Balogun's red card suspension from the World Cup game against Bosnia-Herzegovina. CBS News' Olivia Rinaldi has more.
Trump holds "Trump Accounts" launch
President Trump held an official launch for the "Trump Accounts" for children in the Oval Office on Monday, where he also rang the New York Stock Exchange bell. CBS News' Olivia Rinaldi has more.
Trump launches "Trump Accounts"
President Trump held an event on Monday in the Oval Office to launch "Trump Accounts," which will contribute an initial $1,000 to eligible children born between January 1, 2025, and December 31, 2028. Joy Wiltermuth, an assistant managing editor at MarketWatch, joins with more.
Details on Taylor Swift-Travis Kelce wedding
More details are emerging about the huge Taylor Swift and Travis Kelce wedding that brought together 1,000 people in New York City. CBS News' Lilia Luciano reports.
Best books to read this summer
Sarah Gelman, the editorial director for Amazon Books, joins "CBS Mornings" with top book recommendations to read this summer at the beach or in your backyard.