CPI rose in June to 2.7% annual rate, highest since February
The Consumer Price Index in June rose 2.7% on an annual basis, in line with economists' predictions.
Watch CBS News
The Consumer Price Index in June rose 2.7% on an annual basis, in line with economists' predictions.
The president has threatened to impose 100% tariffs on countries that buy oil and gas from Russia, including China and Brazil, if a peace deal to end the war with Ukraine is not reached within the next seven weeks.
President Trump said Monday that the U.S. will impose 100% tariffs on countries that do business with Russia if there is no peace deal to end the war in Ukraine within 50 days.
During a meeting Monday morning with the NATO secretary-general, the president gave Russian President Vladimir Putin 50 days to cut a peace deal.
President Trump announced on social media that he is levying 30% tariffs against Mexico and the European Union. They are set to begin on Aug. 1.
He announced the tariffs on two of the United States' biggest trade partners in letters posted on this Truth Social account.
Canada — one of the U.S.'s largest trading partners — will face 35% tariffs, President Trump said Thursday.
The president announced the 35% tax in a letter to Canadian Prime Minister Mark Carney posted to Truth Social. He cited Canada's alleged "failure to stop the drugs from pouring into our country."
President Trump's move to impose a 50% tariff on U.S. copper imports targets a vital metal that is widely used in many products and industries, which could lead to higher prices for everything from appliances and electronics to cars and home repairs, experts say.
He says the company's main international suppliers are China and Vietnam, and the Trump administration has implemented steep tariffs on both countries.
In a social media post, Trump alleges Brazil's president is undertaking a “witch-hunt” over charges against former President Jair Bolsonaro, and says they should end it immediately.
On Wednesday morning, President Trump posted to social media letters to six additional countries, informing them of new tariffs.
McDonald's is reviving its long-lamented Snack Wrap and leaning into affordable eats as it looks to reverse a rare sales slump.
Markets fall on Monday after President Trump threatened 14 U.S. trading partners with steep tariffs starting August 1.
The Trump administration is applying what it calls "maximum pressure" on countries to reach a trade deal.
An Illinois toy company challenged President Donald Trump's tariffs in front of the Supreme Court on Tuesday in a long shot bid to press the justices to quickly decide whether they are legal.
U.S. and Chinese trade teams appeared to make modest progress a month before paused monster tariffs are due to resume, but Trump says a deal "is done."
Kris Van Cleave reports the airlines are starting to feel the impact of tariffs and they warn it could soon cost you more to fly.
The Trump administration raised tariffs on aluminum and steel to 50% today, a move experts say could increase costs on everything from homes and cars to household and office supplies.
President Trump announced that he would be doubling tariffs on steel to 50%. The increase is set to take effect June 4.
This comes as the European Union and Canada promise retaliatory tariffs if the president follows through on a threat made late last week.
China said Monday that the Trump administration is undermining the temporary May 12 trade agreement between the two nations by issuing AI chip export control guidelines, stopping the sale of chip design software to China and by planning to revoke Chinese student visas.
During a visit to the U.S. steel facility in Pittsburgh, Pennsylvania, the president announced he'll allow Japan's Nippon to invest in and partially own the company. It's a $15 billion bid that the Biden administration originally blocked, citing national security concerns.
While the legal challenge continues to play out in court, the whiplash comes as the president's close advisor, Elon Musk, leaves his role overseeing DOGE Friday.
A federal court on Wednesday blocked most of the sweeping tariffs imposed by President Trump.
A man has been charged with drunk driving in a fatal car crash last week in DuPage County, accused of driving with a blood alcohol level more than three times the legal limit.
Some U.S. importers reported problems filing tariff refund claims after Customs and Border Patrol launched its dedicated portal on Monday.
Chicago is in the midst of its wettest spring on record, following multiple rounds of heavy rain and severe storms in recent weeks.
President Donald Trump's influence on the Republican Party is facing a test in Indiana's upcoming primary.
D4vd, whose real name is David Burke, is charged with first-degree murder with special circumstances, lewd and lascivious acts with an individual under 14 and mutilating a body.
President Donald Trump's influence on the Republican Party is facing a test in Indiana's upcoming primary.
FBI Director Kash Patel filed a defamation lawsuit against The Atlantic, saying a recent story about his alleged frequent drinking and absences included "false and obviously fabricated" claims.
Chicago's faith community stood up for Pope Leo XIV over the weekend, as the pope pushed back on claims that he is clashing with President Trump.
Former Illinois House Majority Leader Barbara Flynn Currie, who served 40 years in the General Assembly, died Thursday at 85.
President Trump spoke with CBS News Friday in a new telephone interview.
A passenger on an American Airlines flight from New York to Chicago has been charged with making a false bomb threat that forced an emergency landing at Detroit Metro Airport last month, according to a federal criminal complaint.
Skyrocketing property taxes continue to be a hot-button issue in Cook County — particularly since last fall, when many residents saw their tax bills increase by 100% or more.
Illinois Secretary of State Alexi Giannoulias this weekend issued a warning about a surge in text messages that falsely claim to come from his office or the DMV within it.
Tenants at a South Loop luxury high-rise that has been plagued with problems like broken elevators are vowing to fight five-day eviction notices.
It's become an annual March Madness tradition at CBS Chicago, pitting our city's best eateries in direct competition in a foodie bracket challenge. We did pizza, we've done Italian beef, we've done Chicago dogs. This year, we're taking flight with wings.
It has been several weeks since West Suburban Medical Center in Oak Park, Illinois, abruptly shut down — and then on Wednesday, it just as swiftly partially reopened, with some services available.
The Centers for Disease Control and Prevention says more than 80% of deaths related to pregnancy are preventable, and Black women are three times more likely to die from pregnancy-related causes than white women.
The United States has long struggled with understanding and finding ways to help treat mental illness. A new documentary, which is screening Saturday in Chicago, examines the reality of living with mental illness in America.
Allergy season is here, and the dreaded pollen can trigger sneezing, congestion, wheezing, and shortness of breath.
Northwestern Medicine and the American Red Cross teamed up for a community blood drive in Chicago on Monday morning.
Whole Foods will soon be moving into a vacant space in a relatively new commercial building in Chicago's Lakeview community, a local chamber of commerce group said.
Philz Coffee will once again sport the Pride flag at its cafés after a directive to have them and other flags removed created a backlash.
A new restaurant has joined the busy stretch of Halsted Street toward the south end of Chicago's Lincoln Park neighborhood that is also home to Alinea and Boka.
The federal government is suing Illinois, Connecticut and Arizona over efforts to regulate prediction market operators such as Kalshi and Polymarket.
The owners of the popular Uncommon Ground restaurant, live music venue, and brewery in Chicago's Wrigleyville community announced this week that they're looking for a successor to take over the business.
Emily Saliers, one-half of the Atlanta folk duo The Indigo Girls, has revealed that she has been diagnosed with two incurable movement disorders that will forever change the way that she sings.
Blues icon and world music pioneer Taj Mahal will be headlining the Chicago Blues Festival this June.
The United States has long struggled with understanding and finding ways to help treat mental illness. A new documentary, which is screening Saturday in Chicago, examines the reality of living with mental illness in America.
Afrika Bambaataa, a rapper and producer, was best known for breakthrough tracks like 1982's "Planet Rock" and for founding the Universal Zulu Nation art collective.
Mozart's "Don Giovanni," the local premiere of the 2022 opera "Omar," and a fresh production of "Guys and Dolls" are among the highlights of the 2026-2027 season for Chicago's Lyric Opera.
A powerful 7.5 magnitude earthquake shook Tokyo after striking off the coast of Japan and triggering a tsunami warning for coastal areas.
Dolton police are trying to find a teenage mother and her twin infants who were reported missing from the south suburb.
Meteorologist David Yeomans has your 11 a.m. First Alert Weather forecast for Monday, April 20, 2026.
Several people started shooting at each other in North Carolina, after a fight Monday morning at a park in Winston-Salem.
Starting Monday, the Trump administration will begin processing some $166 billion in tariff refunds to American businesses.
A former teacher from Plainfield School District 202 was in court Monday on charges of grooming, soliciting a minor and aggravated battery.
An extra-alarm fire spread to multiple homes on Chicago's West Side Monday morning.
For the second year in a row organizers cancelled the Cinco de Mayo parade in Little Village over concerns about federal immigration enforcement .
A tornado that touched down in the community of Lena late last week has been estimated as an EF-2, but may be upgraded, officials said Monday.
A man has been charged with drunk driving in a fatal car crash last week in DuPage County, accused of driving with a blood alcohol level more than three times the legal limit.
A specially designed playground in the West Pullman neighborhood is making a difference, addressing flooding and the impact of climate change across Chicago.
A tree planting initiative has kicked off in Chatham, among the Chicago neighborhoods most plagued by flooding, to help with the persistent problem.
Chicago residents, businesses, and city employees altogether owe the city more than $8.1 billion in overdue debt, some of it dating back to the 1990s, according to a report from the city's inspector general.
Some parents in southwest suburban Oswego are fired up, saying the school district invited all non-white students to participate in summer remedial programming, regardless of how they're doing in school.
New proposed Illinois legislation would allow renters or people who can't install massive rooftop panels to also harness the power of the sun.
Murakami has more home runs than any Japanese-born player through his first 22 games.
Chicago had at least one baserunner in each of the first seven innings.
Megan Coronado is helping ignite the Flames in her first season as head coach at UIC.
The Chicago Cubs handed the New York Mets their 10th consecutive loss with a 4-2 victory on Saturday.
Moisés Ballesteros, Nico Hoerner and Ian Happ homered, and the Chicago Cubs handed the Mets their ninth straight loss, pounding New York 12-4.
D4vd, whose real name is David Burke, is charged with first-degree murder with special circumstances, lewd and lascivious acts with an individual under 14 and mutilating a body.
Burglars targeted a sports card and comic store in a smash-and-grab in Chicago's Dunning neighborhood early Monday morning.
A former teacher from Plainfield School District 202 was in court Monday on charges of grooming, soliciting a minor and aggravated battery.
Officers from the Iowa City Police Department heard gunfire while responding to a report of a large fight, the department said.
The gunman, who is also dead, shot 10 people in total, according to police. All eight who died were children from 3 to 11 years old, police said.
