
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.
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After 10 straight interest-rate hikes, borrowers face sharply higher costs for credit cards, mortgages and other loans.
Sen. Amy Klobuchar had a leadership role in securing the deal. She spoke with Esme Murphy Sunday morning.
Biden will speak to the nation for the first time from the Oval Office.
The president spoke less than 24 hours after the Senate approved the agreement in a bipartisan vote.
The legislation now goes to President Biden's desk, pulling the nation back from the brink of a financial crisis.
Ultimately, the vote passed with a strong bipartisan majority of both Democrats as well as Republicans, 314-117 in the end. Among Republicans, 149 voted in favor of the bill while 71 voted against it. Among Democrats, 165 voted yes while 46 voted no.
House Freedom Caucus members are unhappy with the debt ceiling deal between House Speaker Kevin McCarthy and President Biden.
A majority of Democrats and a majority of Republicans voted in favor of the Fiscal Responsibility Act.
The debt ceiling deal includes a provision to end the pandemic-related federal student loan payment pause
Both the U.S. House and Senate are expected to vote as soon as Wednesday on a deal reached over the weekend to raise the U.S. debt ceiling.
The deal was reportedly worked out over the weekend by House Speaker Kevin McCarthy and the White House. It includes restarting student loan debt payments, which have been on hold since the pandemic and will start up again in August.
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.
A deal has been reached to raise the nation's debt limit and avoid a potential economic catastrophe, but there are real questions about whether the speaker has the votes to get this deal passed.
Republican lawmakers and the White House reached a deal Saturday evening on raising the nation's debt ceiling.
After days of intense negotiations and weeks of talks, an agreement in principle has been reached to raise the debt ceiling.
Time is running short for House Republicans and the White House to reach an agreement on the debt ceiling to avoid default.
President Biden and House Speaker Kevin McCarthy huddled yet again as the debt ceiling "X" date nears.
"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.
Millions of Social Security recipients "need to be very careful" about spending because payments could be delayed, one expert said.
Former President Donald Trump said in a CNN town hall that Carroll's story was "fake" and "made up," despite the swift and unanimous verdict.
The treasury secretary also told G-7 finance ministers and central bank chiefs meeting in Japan that a first-ever U.S. default on its debts is "unthinkable."
Republicans and Democrats still appear far apart on raising or suspending the debt ceiling. The five leaders are expected to meet again Friday.
Olivia Olson made the varisty girls soccer team at Benilde-St. Margaret's when she was in 8th grade, but retired from the sport after her sophomore year to give her all to basketball.
The Minnesota Twins have clinched the AL Central title with an 8-6 victory over the Los Angeles Angels.
For the second year in a row, Gar-Lin Dairy Farm will transform into a concert venue Saturday night.
Police say some new rules helped them catch two armed teenagers in Minneapolis earlier this week.
Much of the typical team-switching stress for an NFL player will be irrelevant this week for Cam Akers.
Police say some new rules helped them catch two armed teenagers in Minneapolis earlier this week.
A jury found a 20-year-old man guilty of all charges related to a 2021 shooting at a Woodbury graduation party that killed a 14-year-old boy.
It's that time of year when bugs and pests take over your living space. Yellowjackets, boxelders and more, are beginning to invade Minnesota homes.
Just one day after she was named the state's first director of the Office of Cannabis Management, Erin DuPree announced she will not be going forward with the job.
For 50 years the Minnesota National Guard and Norway's Home Guard have exchanged ideas, technology and best practices.
For the second year in a row, Gar-Lin Dairy Farm will transform into a concert venue Saturday night.
It's that time of year when bugs and pests take over your living space. Yellowjackets, boxelders and more, are beginning to invade Minnesota homes.
Mohamed Salad, 30, and Liban Husein, 35, were arrested and charged with first-degree possession charges for allegedly selling pills containing fentanyl..
The driver and passenger of a 2002 Toyota Sienna are dead after colliding with a Toyota Sequoia on Highway 14 on Wednesday night.
Even though it's been 20 years, the feelings and emotions are still raw. Many of the students impacted back then, are parents now.
Wisconsin wildlife officials are defending their decision not to set a hard cap on the state's wolf population in front of a Republican-controlled legislative committee.
Several Republican Wisconsin lawmakers have proposed impeaching the state's top elections official.
In Hudson, Angela Norvold says she's able to pay her staff at Simply Giggle Childcare a livable wage because of the federal relief money from the Child Care Counts program.
A Wisconsin farm is going viral after its owner and one of her alpacas visited a Starbucks drive-thru.
Two burglary suspects who authorities believe stole and damaged over $300,000 worth of equipment in western Wisconsin have been taken into custody.
A 4-year-old Twin Cities boy battling leukemia is about to get his day in the sun.
The mental health therapists started the podcast as a way to correct misinformation on social media and to reach the younger Hmong generation to make them feel less alone.
Construction of Interstate 94 tore through St. Paul's Rondo neighborhood, once the heart of the Black community in Minnesota's capitol city. Decades later, city leaders are trying to restore what some families lost: their property and a chance at building generational wealth.
It's not unusual to find a 21-year-old who loves shopping, but one young Minneapolis woman is all about shopping for others. She's set a record in the process.
Bebe, a 4-month-old Papillion was inside the family's van when it was stolen Wednesday afternoon from their alley.
Just one day after she was named the state's first director of the Office of Cannabis Management, Erin DuPree announced she will not be going forward with the job.
The Minnesota Police and Peace Officers Association sent a letter to its members, thanking leaders for "finding a temporary solution to return SROs back to Minnesota school."
An indictment charged Sen. Robert Menendez and his wife Nadine with bribery offenses, with prosecutors alleging they accepted hundreds of thousands of dollars and lavish gifts.
Wisconsin wildlife officials are defending their decision not to set a hard cap on the state's wolf population in front of a Republican-controlled legislative committee.
Several Republican Wisconsin lawmakers have proposed impeaching the state's top elections official.
A new apple variety from the University of Minnesota is said to be sweet with occasional "tropical" overtones.
The Minnesota Department of Commerce receives millions of dollars in unclaimed property every year from businesses and organizations that have lost contact with the owners.
"Our phone lines have been so jammed up that it's really hard to figure out where the demand will end," said Modern Artifact owner Ryan Nelson.
Minnesotans now know who will lead the agency overseeing the state's nascent legal marijuana market.
A recent survey found that Tettegouche State Park is ranked as a top hidden gem to see fall foliage in Minnesota.
Police say some new rules helped them catch two armed teenagers in Minneapolis earlier this week.
A jury found a 20-year-old man guilty of all charges related to a 2021 shooting at a Woodbury graduation party that killed a 14-year-old boy.
The Minnesota Police and Peace Officers Association sent a letter to its members, thanking leaders for "finding a temporary solution to return SROs back to Minnesota school."
Mohamed Salad, 30, and Liban Husein, 35, were arrested and charged with first-degree possession charges for allegedly selling pills containing fentanyl..
A suspect in a 2021 Minneapolis murder was accidentally released from an Indianapolis detention center last week and officials are trying to find him.
In our look at the fentanyl crisis, we turn to recovery and the hope for a brighter future. Derek Johnson takes WCCO's Jennifer Mayerle inside his addiction and overdoses and shares what helped him get, and stay, sober.
A 4-year-old Twin Cities boy battling leukemia is about to get his day in the sun.
Fentanyl test strips can detect the presence of the lethal drug in other kinds of drugs, a harm reduction strategy that can save people from the deadly opioid.
A Minnesota man is riding his bike around the whole exterior of the country -- to raise money for two causes close to his heart.
WCCO brought five families together to learn about the loss and the reality of the fentanyl epidemic.
For the second year in a row, Gar-Lin Dairy Farm will transform into a concert venue Saturday night.
A Taylor Swift Instagram post drove thousands of young people to register to vote this week.
Asha Daniels says she faced racial and sexual harassment, disability discrimination and bullying. Hours after the suit was filed, Lizzo received a humanitarian award.
The Emmy Award-winning series returns for its biggest season yet with 90-minute original episodes starting Wednesday, Sept. 27.
An exciting show the entire family can enjoy will have audiences hungry for more!
Olivia Olson made the varisty girls soccer team at Benilde-St. Margaret's when she was in 8th grade, but retired from the sport after her sophomore year to give her all to basketball.
The Minnesota Twins have clinched the AL Central title with an 8-6 victory over the Los Angeles Angels.
Much of the typical team-switching stress for an NFL player will be irrelevant this week for Cam Akers.
The Minnesota Twins placed third baseman Royce Lewis on the 10-day injured list with a strained left hamstring.
A big offseason signing by the Minnesota Vikings just can't seem to get out on the field.
An estimated 81,000 undocumented immigrants will be able to apply and get a Minnesota driver's license soon. In Talking Points, Esme Murphy talks with two men who say they'll apply for the life-changing privilege.
An estimated 81,000 undocumented immigrants live, work, and go to school in Minnesota. Starting Oct. 1, even though they don't have legal status, they will be able to apply for and get a Minnesota driver’s license.
An estimated 81,000 undocumented immigrants will be able to apply and get a Minnesota driver's license soon. In Talking Points, Esme Murphy spoke with Sen. John Jasinski of Faribault about his concerns regarding the law.
An estimated 81,000 undocumented immigrants will be able to apply and get a Minnesota driver's license soon. In Talking Points, Esme Murphy spoke with Esteban Rivera, an immigration attorney, with his client Jassiel Martinez.
An estimated 81,000 undocumented immigrants will be able to apply and get a Minnesota driver's license soon. In Talking Points, Esme Murphy talks with Oscar Corral is an undocumented resident and Emillia Gonzalez Avalos, the executive director of Unidos Minnesota.
Fly fishing in one Minnesota county has become a destination for anglers across the country.
The average chainsaw artist lasts about three to five years in the business because it can be a grueling and dangerous occupation. But an Avon man has created intricate sculptures for 37 years, and counting.
Years ago, David Nigg found himself at a farm auction in Dyersville, Iowa, and he returned home with a little John Deere tractor. From there, things just started rolling.
The Space Tower is an iconic attraction and landmark that you can see from pretty much anywhere on the Minnesota State Fairgrounds. Built in 1964, it's hundreds of feet of history.
Fairgoers aren't strangers to all the animals and attractions, the food and the fun. But tucked away, far on the north side of the fairgrounds, is an inconspicuous, little house that's chock-full of history.
Many of us will go to a corn maze this fall. In fact, WCCO's morning team already spent time at one at the Sever's Fall Festival in Shakopee. It had them wondering, how do they even make corn mazes? Good Question.
A common way to maintain your car's health is giving customers sticker shock.
As week two of the NFL season wraps up, the Minnesota Vikings are already at a make-or-break point.
Doctors hope a new vaccine can keep the worst of the virus at bay. But as cases rise, you might find yourself reaching in your medicine cabinet again for an old, at-home test.
Highway signs come in many colors, but when you see blue in Minnesota, it means everyday people are in charge of keeping it clean. Some groups have spent more than four decades volunteering.
Get a feel for 2023 Vikings training camp.
The Minnesota State Fair announced its new offerings for the 2023 edition.
Between 12,000 and 16,000 black bears live in Minnesota, the Minnesota DNR says. For the past 20 years, the population has been growing and expanding further south and west. That means a lot of close encounters for Minnesotans.
Live performances are in full swing this summer. Scroll through our concert gallery, featuring pictures by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
WCCO meteorologist Lisa Meadows says there is a NEXT Weather Alert in effect for Saturday, due to the possibility of severe storms in southwestern Minnesota during the afternoon and evening.
In Minnesota, weather can be all over the place. Here at WCCO, we want to give you what you need to prepare for what's happening next.
WCCO meteorologist Lisa Meadows says potentially severe storms will develop Saturday afternoon in southwest Minnesota.
It'll be an active weather weekend with the possibility of severe storms in southwestern Minnesota on Saturday.
Saturday will be a NEXT Weather Alert Day due to a storm system in southwestern Minnesota.
Olivia Olson made the varisty girls soccer team at Benilde-St. Margaret’s when she was in 8th grade, but retired from the sport after her sophomore year to give her all to basketball.
We know Caledonia best for their 7-year winning streak that ended a couple of years ago. They came into Cannon Falls for a top 5 matchup in AA and looked every bit as good as they did in those recent glory days.
The Minnesota Twins have clinched the AL Central title with an 8-6 victory over the Los Angeles Angels on Friday.
The stage was set at several high school stadiums for much anticipated match ups. We start in Eden Prairie, where the unbeaten Eagles play host to unbeaten Shakopee.
WCCO meteorologist Lisa Meadows says there is a NEXT Weather Alert in effect for Saturday, due to the possibility of severe storms in southwestern Minnesota during the afternoon and evening.