Opinion: Auto And Bank Bailouts Prove Effective
On Monday, the Treasury Department sold 553,846,153 shares in AIG on Monday, turning an $18 billion profit on the $32.50 a share price.
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On Monday, the Treasury Department sold 553,846,153 shares in AIG on Monday, turning an $18 billion profit on the $32.50 a share price.
Commonly referred to as "what goes around, comes around', the Republicans are finding plenty to take shots at as the Democrats conduct their week in the 'often dubious' political spotlight called "the Convention".
Tonight, when Vice President Biden and President Obama address the country the question before them is an obvious one: are we better off than we were four years ago? The answer is equally obvious: YES!
Sitting in the Time Warner Cable Arena last night I was struck by how different the Democratic National Convention was from the Republican event last week. Unlike the Republicans in Tampa, Democrats focused on the fight to preserve the middle class and the American Dream.
Mitt Romney's economic plan basically says if you make $22.50 an hour with benefits, you make too much money; and if you make $22.5 million, then you pay too much in taxes.
Instead of getting rowdy at a demonstration or protest regarding the lack of jobs throughout the country, people can voice their discontent with the nation's current unemployment rate on this Labor Day by simply placing an empty chair in their front yard.
What is a city to do with an industrial area that turned to blight because of the economy?
The White House Press Corps members finally got the White House Press Conference they've been shouting for. And they only have themselves to blame for letting Obama turn much of it into a campaign speech by the questions they did and didn't ask.
If you know you're not going to blindly support the "left" in this coming election, see the movie '2016: Obama's America'. But, fair warning, it's disturbing – and quite frightening – to say the least.
Some elderly citizens at the Santa Clarita Valley Senior Center are no longer getting a free meal because of the down economy.
Paul Ryan has changed the Electoral College math. With the pick, Romney has chosen a path that writes off almost all of the country and focuses the election on the industrial Midwest.
Free parking for tourists and residents alike is coming to one Los Angeles neighborhood.
After months of failing to find a way to gain ground in the presidential campaign, Mitt Romney has hit the reset button by picking Paul Ryan as his running mate, but once the dust has settled and the Conventions are over, it is hard to see how Romney will have changed the direction of the 2012 presidential campaign.
Many who supported Obama in 2008 did so because they believed that he would help black Americans. The criticism four years later is that having a black president in the White House hasn't helped African Americans at all.
The blatant lies and the desperate spins generated from the "left" have been absolutely frightening. What's extremely sad for them is that they don't have a prayer of keeping the White House without creating lies and spinning obvious negatives into self-reported positives.
The Great Recession has forced more young people to move back in with their folks, according to a report released Wednesday.
Down to the trademark "W", W. Mitt Romney is literally the second coming of the George W. Bush: the economic strategy that led to the worst American economy since the Great Depression and the Bush legacy of secrecy in the face of questions from the American public.
The mayor of San Bernardino on Wednesday blamed the city's bankruptcy filing on an economic "perfect storm" as officials warned of widespread budget cuts.
Obama's latest speech on tax cuts for the middle class is just a retread of his tired class warfare rhetoric and strategy.
Of all the signs leading to a defeat for President Barack Obama in the presidential election of 2012, the most glaring sign is the 8.2% unemployment rate.
Mitt Romney's contortions to differentiate offshoring from outsourcing don't matter to those who lost their jobs because of it.
Five months before the presidential election, this rating is disastrous for Obama – almost as disastrous as the lack of any results for America these past four years.
Housing starts specifically in residential construction are expected "to take off in earnest in 2013" after a slow but steady 2012, according to economists.
Employers in Los Angeles County were among the factors behind the highest increase in job growth in the country.
Obama spent his speech blaming the Republican Congress for the nation's woes and his own inability to accomplish what he knows he hasn't accomplished.
From historic wins to powerful speeches, here are the highlights and most memorable moments from the 2026 Golden Globes.
The New England Patriots are moving on in the NFL playoffs as their defense was dominant in a 16-3 win over the Los Angeles Chargers in the wild-card round at Gillette Stadium.
A Yucaipa family is pushing for pedestrian safety in their community after their loved one was killed on New Year's Day while crossing the street outside of his home.
Santa Susanna Pass Road was completely blocked by a rockslide on Sunday.
Lauren Betts scored 18 points and had 10 rebounds to help No. 4 UCLA to an 83-61 win over No. 25 Nebraska on Sunday.
Two people were injured when a U-Haul truck drove into a large crowd of demonstrators during an anti-Iranian regime protest in the Westwood neighborhood of Los Angeles on Sunday afternoon.
The 2026 Golden Globes honored the standouts in both film and television from last year. See the full list of winners and nominees.
From historic wins to powerful speeches, here are the highlights and most memorable moments from the 2026 Golden Globes.
A Yucaipa family is pushing for pedestrian safety in their community after their loved one was killed on New Year's Day while crossing the street outside of his home.
Santa Susanna Pass Road was completely blocked by a rockslide on Sunday.
A Yucaipa family is pushing for pedestrian safety in their community after their loved one was killed on New Year's Day while crossing the street outside of his home.
Santa Susanna Pass Road was completely blocked by a rockslide on Sunday.
Two people were injured when a U-Haul truck drove into a large crowd of demonstrators during an anti-Iranian regime protest in the Westwood neighborhood of Los Angeles on Sunday afternoon.
The crash prompted a full freeway closure for several hours while police and fire crews were on the scene.
Oxnard Police Department Commander Aaron Scott died on Friday while in Orange County for a week-long training assignment, according to department officials.
The crash happened at around 6:30 p.m. on N. Grand Avenue, according to police. They said that the driver originally fled from the scene but returned as they were investigating the incident.
The suspects barricaded themselves inside the handbag store after Irvine police quickly surrounded them.
A power outage caused 60 people to evacuate from the Disneyland Monorail on Thursday.
A former employee of The Claremont Colleges Services pleaded guilty to using his company card to spend $1 million.
Irvine police are searching for a man who was caught on camera as he allegedly stole $1,700 worth of caviar from a Whole Foods grocery store in December.
The cashier said the suspect asked for Oreo ice cream before pulling out a knife and demanding money.
While it's not clear what caused the big rig to topple, high winds are in the region's forecast for Thursday.
Deputies estimated that the plants are worth a street value of over $1 million.
A former employee of The Claremont Colleges Services pleaded guilty to using his company card to spend $1 million.
Video shows the intense moments when a hiker and two good Samaritans jump into action to save a German Shepherd that got stuck on a steep cliff above the West Fork Mohave River in Hesperia on Monday.
From historic wins to powerful speeches, here are the highlights and most memorable moments from the 2026 Golden Globes.
The subpoenas threatened a criminal indictment related to Jerome Powell's testimony before the Senate Banking Committee in June 2025, according to the Fed chair.
Trump administration officials are set to meet with Danish officials about Greenland on Wednesday, diplomatic sources tell CBS News.
Sacramento Kings guard Dennis Schroder has been suspended three games wihtout pay for an off-court incident in which he tried to strike another player during a confrontation.
Jack Quinn scored twice, Tage Thompson had a goal and an assist, and the Buffalo Sabres beat the Anaheim Ducks 5-3 for their 13th win in 14 games.
The subpoenas threatened a criminal indictment related to Jerome Powell's testimony before the Senate Banking Committee in June 2025, according to the Fed chair.
Trump administration officials are set to meet with Danish officials about Greenland on Wednesday, diplomatic sources tell CBS News.
President Trump appeared to lay out his red line of action on Friday when he warned that if the Iranian government began "killing people like they have in the past, we would get involved."
President Trump called for a one-year cap on credit card interest rates late Friday, an idea that has drawn strong support from lawmakers in both parties but pushback from card issuers.
A federal judge has temporarily blocked HHS from halting $10 billion in social services funding to five states, a move the agency argued was necessary to crack down on fraud — but the states called unconstitutional.
San Francisco officials said Tuesday that the city has filed a lawsuit against leading manufacturers of ultra-processed foods, accusing them of producing products linked to serious health issues and alleging that the companies knowingly made the foods addictive.
A bill that would reverse a 25% tax increase on California's legal cannabis industry is heading to Gov. Gavin Newsom's desk, after being approved by the legislature.
Meal kit delivery firm HelloFresh will pay $7.5 million to settle a lawsuit accusing it of misleading customers and making it difficult for them to cancel their subscriptions.
With the help of her daughter and her 5th-grade class, CBS News California (KCAL) Investigative reporter Julie Watts investigates "Sephora Kids" concerns.
A Southern California man has pleaded guilty for his role in a scheme that stole more than $2 million from San Francisco-based food delivery company DoorDash, federal prosecutors said.
Millions of people with an Affordable Care Act health plan face a massive jump in premiums next year — this chart shows just how much.
"I don't know how I'm going to pay for this," said one person with an Affordable Care Act plan that will cost her $1,100 a month starting in January.
San Francisco officials said Tuesday that the city has filed a lawsuit against leading manufacturers of ultra-processed foods, accusing them of producing products linked to serious health issues and alleging that the companies knowingly made the foods addictive.
In an interview with CBS News, FDA Commissioner Dr. Marty Makary explains what went into the decision to drop the most serious warnings on hormone therapy for menopause.
At least 11 people have contracted Salmonella linked to powder supplements sold at Sam's Club stores nationwide, health authorities said.
About 30% of San Francisco was without power at the height of the outage, according to utility provider PG&E.
The DMV said it is giving Tesla Motors 60 days to address its misleading use of "autopilot," or it could have its dealer license temporarily suspended.
California is set to join a growing list of states banning the practice of cat declawing, under a new law taking effect in January.
San Francisco officials said Tuesday that the city has filed a lawsuit against leading manufacturers of ultra-processed foods, accusing them of producing products linked to serious health issues and alleging that the companies knowingly made the foods addictive.
Waymo has begun offering autonomous robotaxi service using freeways for the first time in select cities in California and Arizona, the company announced.
The New England Patriots are moving on in the NFL playoffs as their defense was dominant in a 16-3 win over the Los Angeles Chargers in the wild-card round at Gillette Stadium.
Lauren Betts scored 18 points and had 10 rebounds to help No. 4 UCLA to an 83-61 win over No. 25 Nebraska on Sunday.
Grace Grocholski scored 25 points and Minnesota made just enough free throws in the fourth quarter to hold off No. 21 Southern California 63-62, the third-straight loss for the Trojans and first win over a ranked team since 2019 for the Golden Gophers.
The New England Patriots and LA Chargers have a 2026 playoff showdown on tap tonight. The teams close out a weekend full of NFL football with a primetime game at Gillette Stadium in Foxboro, Massachusetts.
Adrian Kempe scored the lone goal in a shootout and the Los Angeles Kings beat the Edmonton Oilers 4-3 on Saturday night in their first meeting since the first-round of the playoffs.
From historic wins to powerful speeches, here are the highlights and most memorable moments from the 2026 Golden Globes.
The 2026 Golden Globes honored the standouts in both film and television from last year. See the full list of winners and nominees.
Here is everything you need to know about how to watch and stream the 2026 Golden Globes.
Bob Weir wrote or co-wrote and sang lead vocals on Grateful Dead classics including "Sugar Magnolia," "One More Saturday Night" and "Mexicali Blues."
Timothy Busfield is known for appearances in "The West Wing," "Field of Dreams" and "Thirtysomething."
Hundreds of people gathered in Altadena on Sunday for a candlelight vigil to mark one year since the devastating Eaton Fire.
One person was detained and two people were injured after a U-Haul drove into an anti-Iranian regime rally in Los Angeles on Sunday, prompting an investigation from local and federal law enforcement. Laurie Perez reports.
Hundreds of families were on hand to celebrate the Japanese New Year at the Oshogatsu Family Festival in Little Tokyo on Sunday.
Hunter Sowards speaks with the Downey mayor after two different alleged immigration enforcement operations were caught on camera over the weekend.
Laurie Perez reports from Westwood, where the FBI has responded to assist LAPD detectives with their investigation after a man drove a moving truck into the crowd at an anti-Iranian regime rally on Sunday afternoon.
Widely considered the greatest architect of his time, Frank Gehry helped shape Los Angeles' skyline.
A suspect was taken into custody after an attack on Pearl Street Mall in Boulder on June 1 in which there were 15 people and a dog who were victims. The suspect threw Molotov cocktails that burned some of the victims, who were part of a march for Israeli hostages.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
The Franklin Fire in Malibu quickly grew overnight and threatened several homes. Evacuation orders were issued and Pepperdine University instructed students to shelter in place.
Several people have been injured and multiple homes burned after the Mountain Fire broke out Wednesday morning in Ventura County, burning over 10,000 acres within hours.
