Record share of Americans carry credit card debt, can't pay off bills
About 111 million Americans are carrying credit card balances, a 17% increase in five years, new research shows.
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About 111 million Americans are carrying credit card balances, a 17% increase in five years, new research shows.
Fed officials are grappling with a host of economic challenges, from stubborn inflation to a slowing job market.
Some economists think the Fed, facing inflationary pressures from rising energy prices, may not cut interest rates at all this year.
A new report from Realtor.com projects that the housing market will shift in a more buyer-friendly direction in 2026.
Commerce Secretary Howard Lutnick predicts that first-quarter economic growth will heat up to 5%. But sustaining that pace won't be easy, economists say.
Capping credit card interest rates at 10% could save consumers billions of dollars, but potentially hurt lower-income Americans, experts said.
The Federal Reserve is cutting its benchmark interest rate as the U.S. economy faces headwinds, including a faltering labor market.
Federal Reserve Chair Jerome Powell has been under pressure from President Trump to lower the central bank's benchmark interest rate.
President Trump visited the Federal Reserve's headquarters in Washington, keeping up the intense pressure he's been putting on Fed chair Jerome Powell.
The Federal Reserve's downbeat outlook on the U.S. economy is a wake-up call for investors.
The Fed held off on another rate cut at its Jan. 29 meeting. Here's what it means for your finances.
The Federal Reserve on Wednesday moved to lower its benchmark rate by 0.25 percentage points, but said it plans fewer cuts in 2025.
The Federal Reserve announced a third rate cut today, but also cautioned it expects fewer cuts in 2025.
The Federal Reserve said it is cutting rates by 0.25 percentage points, its second rate cut of the year.
The Federal Reserve announced its second interest rate cut of 2024, but Trump's economic priorities could impact future policy.
One day after the Federal Reserve lowered interest rates, CBS News Miami is exploring how the move can help you save money.
One day after the Federal Reserve lowered interest rates, CBS News Miami is exploring how the move can help you save money on loans, credit cards and mortgages.
The Federal Reserve just lowered its benchmark rate by 0.50 percentage points. Here's how the move could impact your finances.
The Fed's decision will lower borrowing costs from a 23-year high as the central bank pivots to shoring up economic growth.
The Fed lowered interest rates Wednesday by 0.50 percentage points and CBS News Miami hit South Florida streets to get reactions.
The Fed lowered interest rates Wednesday by 0.50 percentage points and CBS News Miami hit South Florida streets to get reactions.
The Fed has slashed borrowing costs for the first time in more than four years. Here's how that would impact people with credit card balances.
Many americans are counting down to Wednesday, that's when the Federal Reserve is expected, for the first time in years, to cut interest rates
The Average rate for 30-year fixed mortgage now stands at 6.44%, the lowest in 16 months, according to the Mortgage Bankers Association.
Morgan Rynor reports that 30-year fixed mortgage rates, which are controlled by the bond market, are already trending down.
The victim, a man in his late 40s, was located at a second scene after the initial gunfire and was rushed to Ryder Trauma Center via ground transport under a "trauma alert".
An arrest affidavit revealed that a 911 call the victim made before his death led investigators to a suspect.
As the sport continues to grow, so does the number of everyday people stepping into the gym, often not to fight, but to feel better.
The visit is drawing renewed attention to allegations about the conditions inside the detention center, often referred to by critics as "Alligator Alcatraz".
Authorities first classified the death as a "suicide," but later deemed it suspicious.
The victim, a man in his late 40s, was located at a second scene after the initial gunfire and was rushed to Ryder Trauma Center via ground transport under a "trauma alert".
An arrest affidavit revealed that a 911 call the victim made before his death led investigators to a suspect.
As the sport continues to grow, so does the number of everyday people stepping into the gym, often not to fight, but to feel better.
The visit is drawing renewed attention to allegations about the conditions inside the detention center, often referred to by critics as "Alligator Alcatraz".
Authorities first classified the death as a "suicide," but later deemed it suspicious.
In courtroom testimony, Shandelle Maycock recounted the harrowing night her daughter was abandoned in the Everglades, describing the horrors they endured.
A former prison guard trainee has been sentenced to death for the 2019 execution-style killings of five women inside a Florida bank.
Florida coach Billy Napier is getting a fourth season to try to get the Gators back to their winning ways.
A Florida man has filed a federal lawsuit against Jacksonville sheriff's officers who severely beat him last year after he ran from a traffic stop.
The Marion County Sheriff's deputy told authorities that he accidentally shot and killed his girlfriend while cleaning his gun.
A federal judge blocked a restrictive new Defense Dept. press policy instituted after previously he ruled Pentagon press restrictions issued last year were unlawful.
First lady Melania Trump delivered a televised statement denying a relationship with the late sex offender Jeffrey Epstein.
Federal prosecutors say Courtney Williams divulged classified information to a reporter about her time in Delta Force, according to newly unsealed court documents.
It's the latest setback for the Trump administration on the issue, which has sought to terminate the TPS designation for 13 countries as part of the president's crackdown on immigration.
Former Attorney General Pam Bondi will not appear before the House Oversight Committee next week to answer questions about Jeffrey Epstein, the panel said.
Former state Sen. Lauren Book launched her 11th annual statewide walk, encouraging survivors to share their stories amid renewed attention on the Epstein case.
Miami Archbishop Thomas Wenski is pressing county commissioners to approve a long-delayed mental health center, warning lives are at stake as the building sits empty.
Emily Gregory describes the days following her upset victory in Tuesday's special election as "a little overwhelming, surreal, but exciting."
The Miami Center for Mental Health and Recovery, located at 2200 NW 7th Avenue, would be a first-of-its-kind facility that could make a difference in the lives of countless people.
Wasserman Schultz pushed back against the suggestion that the United States was led into this war by Israel and its leader, Benjamin Netanyahu.
An unlicensed cosmetologist from Florida has been found guilty in a California court for providing an injection that killed a model who was known as a Kim Kardashian lookalike, prosecutors said.
Food containing norovirus may smell and taste normal but still cause serious illness if consumed, FDA warns.
HHS Secretary RFK Jr. wants the popular coffee chains to prove their surgery drinks are safe for teens and suggested the Trump administration could place limits on your cup of coffee.
Tests of dozens of baby formulas by Consumer Reports found that nearly half contained potentially dangerous chemicals.
A trial has been set in the San Francisco Bay Area for a Florida woman accused of providing a cosmetic injection that killed a woman who was known as a Kim Kardashian lookalike, prosecutors said.
A lawsuit filed late last month took Chicago-based McDonald's to task over the McRib sandwich, calling its name a form of false advertising.
Florida insurance policyholders could be seeing some form of relief in their wallets thanks to market reforms made statewide, Gov. Ron DeSantis said.
The company said Tuesday that 85% of its retail products and "nearly all" of its school offerings are already made without "certified colors."
Less than two days after Delta Air Lines offered $30,000 to each passenger on board the flight that crashed and flipped in Toronto on Monday afternoon, the company is facing its first two lawsuits in the incident — and they likely won't be the last.
Activists are calling for a nationwide boycott of Target stores following the company's decision to roll back its diversity, equity and inclusion initiatives.
The rapper formerly known as Kanye West being denied entry into the U.K. has raised questions over the star's upcoming performance in Italy.
Rapper Offset is recovering after a shooting at Seminole Hard Rock Hotel and Casino, where Lil Tjay was among two people detained and later charged.
A major music festival featuring the rapper formerly known as Kanye West was canceled after the U.K. government blocked Ye from entering the country.
A federal judge in New York has tossed out actor Blake Lively's sexual harassment claims against actor Justin Baldoni over their roles in the movie "It Ends With Us," but left intact a claim for retaliation.
Atlanta rapper Gucci Mane was lured to a Dallas studio for a meeting, then allegedly kidnapped and robbed by a group including rappers Pooh Shiesty and Big30.