Here's what the Fed's interest rate pause means for your money
After 10 straight interest-rate hikes, borrowers face sharply higher costs for credit cards, mortgages and other loans.
After 10 straight interest-rate hikes, borrowers face sharply higher costs for credit cards, mortgages and other loans.
The legislation now goes to President Biden's desk, pulling the nation back from the brink of a financial crisis.
A majority of Democrats and a majority of Republicans voted in favor of the Fiscal Responsibility Act.
The House passed the bill to raise the debt ceiling Wednesday. Now, the Senate will take it up.
The debt ceiling deal has cleared both chambers of Congress and is headed to the president's desk.
The House Democratic leader said he can guarantee the U.S. will not default on its debt.
After days of intense negotiations and weeks of talks, an agreement in principle has been reached to raise the debt ceiling.
"It's hard to overstate how bad it would be," one expert said. Everything from Social Security payments to your retirement fund could get hit.
Without a deal, Treasury Secretary Janet Yellen has said the U.S. could be unable to pay its bills and might default on its debt as soon as June 1.
President Joe Biden said Sunday he is "optimistic about a debt ceiling deal."
Millions of Social Security recipients "need to be very careful" about spending because payments could be delayed, one expert said.
Nicole D'Antonio reports failing to raise the limit could have a big impact on the U-S economy.
Without congressional action, the U.S. could default as soon as June, she wrote in a letter Friday.
Congresswoman Ilena Ros-Lehtinen and Jim discuss the vote to reopen the government and where we go from here. The two also discuss whether three months from now we will be in the same situation. Other topics include immigration reform, and the future of the Republican party.
The GOP-led government shutdown looks like it will continue for an undetermined amount of time, even as more workers begin to lose their pay checks and the debt limit is avoided.
As the Republican-led government shutdown continues, the approaching debt limit and a possible debt default continues to grow larger on the horizon.
While the possibility of a government shutdown still remain high due to Congressional dysfunction, a more important showdown still looms large over Capitol Hill, the debt limit.
A staggering new Wall Street Journal/NBC News poll showed a plurality of the country was fine with the country crashing through the national debt ceiling.
Senator Marco Rubio is prepared to shut down the United States government if the Affordable Care Act isn't completely defunded by any short-term budget agreement.
As President Barack Obama and Congressional Republicans continue to fight over issues from spending to guns, the electorate is backing the president on most issues, according to a new Washington Post poll.
As Congressional Republicans and President Barack Obama begin to clash over the raising of national debt ceiling, a plan relying on one or two coins save the nation has started to gain momentum.
As Republicans in Congress prepare for a major fight with Senate Democrats and President Barack Obama over the economic future of the country; the eurozone is painting a very dark picture of what could lie ahead if America takes the wrong path.
The smoke has barely cleared from the prolonged fight over the fiscal cliff on Capitol Hill, but already Congressional leaders and the White House are drawing lines in the sand over the debt ceiling.
The bill to avert some of the fiscal cliff finally passed the House of Representatives late Tuesday night and did so with a largely bipartisan vote, especially from the Florida Congressional delegation.
The outline of a deal to avoid the so-called "fiscal cliff" is reportedly been made in the Capitol with just hours to go until the end of 2012.
After leading officers on a chase, she tried fleeing police by jumping into a nearby waterway and swimming away.
Historians say she along with Julia Tuttle was instrumental in the development of Miami
Evan Polinski will face charges including the attempted murder of a law enforcement officer, reckless driving and DUI. He also said it is possible that more charges will be filed.
It is going to be a cool Mother's Day for Denise Green, who for the past five years has been living with a broken air conditioning unit, but now that is all about to change.
Stormy Daniels gave defiant testimony Thursday as the defense accused her of fabricating details of the alleged sexual encounter between her and former President Donald Trump.
After leading officers on a chase, she tried fleeing police by jumping into a nearby waterway and swimming away.
Historians say she along with Julia Tuttle was instrumental in the development of Miami
The show takes to the sky May 11th and 12th off Fort Lauderdale Beach
Evan Polinski will face charges including the attempted murder of a law enforcement officer, reckless driving and DUI. He also said it is possible that more charges will be filed.
It is going to be a cool Mother's Day for Denise Green, who for the past five years has been living with a broken air conditioning unit, but now that is all about to change.
Florida insurance companies made money last year for the first time in seven years.
The U.S. Supreme Court is scheduled Sept. 26 to discuss whether it will hear a First Amendment challenge to a 2021 Florida law that placed restrictions on major social-media companies.
The number of people traveling to Florida during the second quarter of 2023 decreased compared to a year earlier, according to estimates released Wednesday by the state's tourism-marketing agency.
Gov. Ron DeSantis on Monday said Walt Disney Parks and Resorts should drop a federal lawsuit that claims retaliation by the state and accept changes to a special district that long benefited the theme-park giant.
It's Back-To-School and that also means back to the lunch room, as breakfast and lunch are free to all Miami-Dade public school students again this year.
Stormy Daniels gave defiant testimony Thursday as the defense accused her of fabricating details of the alleged sexual encounter between her and former President Donald Trump.
Hunter Biden was indicted on federal gun charges in September and pleaded not guilty.
U.S. News & World Report pointed to controversies about policies put in place by DeSantis, Republican lawmakers
The Florida Citrus Commission on Thursday will be asked to approve a $225,000 contract with Visit Florida about the welcome center refreshment, a reduction of $25,000 from the past
Democrats running for office are using abortion rollbacks to galvanize voters, with abortion rights ballot initiatives amplifying their lines of attack.
Lauren Pastrana and her guest discuss the options currently being discussed, possible solutions and how all this might impact students, their teachers and their parents.
Lauren Pastrana does a deep dive with perspective from leaders of local Jewish and Muslim groups for their take and perspective on the protests, the fallout and the fear and threats they are creating.
Jim DeFede catches up with State Senator Lauren Book to talk about the looming six-week abortion ban while she is making her annual walk across Florida to bring attention to child sexual exploitation.
CBS News Miami's Jim DeFede devotes the bulk of this week's program to Florida's six-week abortion ban, which takes effect in a few days.
Jim DeFede talks to former state senator Jeff Brandes, who runs the Florida Policy Project, which has been exploring solutions that include the role of vouchers and something called "upzoning."
Elon Musk's Neuralink finds a brain-computer interface device captured less data a month after implant surgery.
Hormel Foods says potentially contaminated products were shipped to Publix and Dollar Tree distribution warehouses.
The Texas dairy worker infected by H5N1 "did not disclose the name of their workplace," frustrating investigators.
Actress Halle Berry joined with a group of bipartisan senators on Thursday to announce new legislation to promote menopause research, training and education.
Plaintiffs have three months to vote on whether to approve a proposed legal settlement that would resolve nearly all talc lawsuits.
Shop must-have tablet deals from Apple, Samsung, Amazon and more.
Rich, bright and accurate colors on a brand-new model -- for $200 off? It's a turn-on.
Know these three surefire signs that your mattress has bedbugs.
From creepy sounds to visible structural damage, these five signs mean it's time to call a professional pest control company.
Find that special someone by signing up for one of the undeniably best dating apps in 2024.
There are two sales tax holidays for hurricane supplies
Has mom and dad's bank been open too long at your house?
One consumer reported suffering a dental injury after eating Trader Joe's Chicken, Lentil & Caramelized Onion Pilaf product.
The company will keep its name and headquarters in Pittsburgh, but the United Steelworkers union voiced opposition to the deal.
For customers of SmileDirectClub, they were greeted with a message that they had shut down when logging on to its website.
This will be the first baby for Hailey and Justin Beiber, who announced their pregnancy after more than five years of marriage.
The Grammy Award-winning and multi-platinum music producer made a special appearance at the North Miami Beach Small Business Summit and Expo on Wednesday to receive the honor.
The stars came out for the the 2024 Met Gala in New York City. See some of the most eye-catching outfits of the night.
Kendrick Lamar and Drake have each released several ruthless diss tracks aimed at each other, with some disturbing accusations.
'Bob Hearts Abishola', the acclaimed comedy, is signing off after its fifth season on CBS.