Biden announces nominees to fill out the U.S. Federal Reserve
President Biden is hoping to stack the Central Bank with its top governors as it continues working to stem inflation.
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President Biden is hoping to stack the Central Bank with its top governors as it continues working to stem inflation.
Italian officials are investigating why macaroni prices have risen by more than twice the rate of the country's overall inflation.
Prices rose at the slowest rate in two years amid the Federal Reserve's ongoing series of interest rate hikes.
Stocks rose to their highest level in almost two months in another sign that inflation is cooling.
Stocks closed lower following latest update on inflation and warning of possible recession.
Stubbornly high prices are continuing to ease, but remain far above Fed's target.
A dollar spent on food is split up among a dozen industries, many of which are seeing their own prices rise.
Neel Kashkari says he has faith in the banking system, but he's monitoring the impact of recent bank failures on future lending and inflation.
The president of the Minneapolis Federal Reserve Bank says he has faith in the banking system, but he's monitoring the impact of recent bank failures on future lending and inflation.
More than a third of consumers are struggling to stay afloat, but the problems are worse in some states.
The Federal Reserve may face a quandary as it copes with still-high inflation combined with instability in the banking sector.
The chairman of the Federal Reserve told lawmakers that the Central Bank will need to raise interest rates higher than previously expected in order to tame inflation.
Majority of NABE survey respondents who envision a recession in 2023 don't see it happening until after March.
Growth was slower and inflation higher at the end of 2022 than the government initially estimated.
New data from the Bureau of Labor and Statistics shows while U.S. inflation grew at a 6.4% percent annual rate in January, down 0.1% from December. CBS News contributor and Axios managing editor of business and markets Javier David joined CBS News' Seth Doane and Anne-Marie Green to discuss this latest economic indicator.
Inflation rose at a 6.4% annual rate last month, driven by rising prices for housing and gasoline.
Blistering job growth last month and weaker growth by large tech players are dragging markets lower.
U.S. economy grew at 2.9% rate in last three months of year despite pressure of high rates and fears of recession.
With egg costs more than doubling in the past year, calls are coming for an investigation into possible price gouging.
Inflation, reduced consumer spending and mounting competition has dented the retailer's growth.
Recent trips to the grocery store to pick up eggs may have given you sticker shock. The bird flu impacted production last year, and high demand led to prices peaking in late December.
Although U.S. inflation has cooled from its peak this summer, some food costs remain unusually high.
In an interview with WCCO, the governor detailed some of his priorities as lawmakers begin their work of passing a two-year budget and policies that impact schools, family budgets, public safety and more.
Major indexes close out tough year buffeted by stubbornly hot inflation, war in Ukraine and a lingering pandemic.
Major stock indexes rose into the green for the week, as investors remain focused on hot inflation and a potential recession.
"Rights have always been violated for us as Native people" Rachel Dionne Thunder told WCCO.
At Moth Oddities in northeast Minneapolis, volunteers moved through stacks of boxes as donations continued to pour in for families impacted by the increased presence of U.S. Immigration and Customs Enforcement in the city.
A shooting occurred Wednesday night in north Minneapolis after ICE officers were attacked by men with shovels during an arrest operation, three U.S. officials told CBS News.
Most good Minnesota high school hockey teams face the offseason reality that their best players may leave for juniors. This year, Rogers had three key players decide not to, which has benefited the roster.
Minnesota lawmakers tried to end ICE contracts with counties a few years ago. A bill introduced in the House and Senate a half-decade ago aimed to prevent jails from entering into certain contracts with ICE.
"Rights have always been violated for us as Native people" Rachel Dionne Thunder told WCCO.
A shooting occurred Wednesday night in north Minneapolis after ICE officers were attacked by men with shovels during an arrest operation, three U.S. officials told CBS News.
WCCO is documenting other instances where ICE are detaining American citizens looking to act as legal observers.
In a rare primetime address Wednesday evening, Gov. Tim Walz gave a six-minute-long address to Minnesotans where he called on President Trump and Homeland Security Secretary Kristi Noem to "end this occupation."
Right on time, the January thaw has made it to Minnesota as high temperatures the last several days have climbed above freezing.
Most good Minnesota high school hockey teams face the offseason reality that their best players may leave for juniors. This year, Rogers had three key players decide not to, which has benefited the roster.
In a rare primetime address Wednesday evening, Gov. Tim Walz gave a six-minute-long address to Minnesotans where he called on President Trump and Homeland Security Secretary Kristi Noem to "end this occupation."
President Trump is following through on a promise he made late last year to end deportation protections for some Somali immigrants in the country.
Faith leaders, union representatives and community members are calling for a Day of Truth and Freedom on Friday, Jan. 23 — urging all Minnesotans not to go to work, school or go shopping.
A 3-year-old boy was killed and his grandmother suffered "significant injuries" in a dog attack in Otter Tail County on Sunday, the sheriff's office said.
A Wisconsin man accused of sending the state Supreme Court's chief justice intimidating emails has been sentenced to probation.
Some schools in Minnesota and Wisconsin are delayed or closed on Tuesday as early morning rain makes the roads slick.
A western Wisconsin town is reveling in the national spotlight.
When he's not playing zone or man, Hall is carving it up at local hills. He has qualified for multiple professional snowboard competitions.
Two people were killed and another hurt in a crash in western Wisconsin Tuesday afternoon.
At Moth Oddities in northeast Minneapolis, volunteers moved through stacks of boxes as donations continued to pour in for families impacted by the increased presence of U.S. Immigration and Customs Enforcement in the city.
Many people who serve in the U.S. military find it hard to ask for assistance when they've been trained to help and serve others.
Food Bank Eatery in North Minneapolis provides free meals for children, who may have little to eat after the pause of SNAP benefits for many in the community.
Firefighters are continuing a 44-year tradition that happens every year north of the Twin Cities.
It was a scary moment in the Twin Cities over the weekend, as a trailer hauling sled dogs turned over on Interstate 494 in Minnetonka.
At Moth Oddities in northeast Minneapolis, volunteers moved through stacks of boxes as donations continued to pour in for families impacted by the increased presence of U.S. Immigration and Customs Enforcement in the city.
A shooting occurred Wednesday night in north Minneapolis after ICE officers were attacked by men with shovels during an arrest operation, three U.S. officials told CBS News.
Gov. Tim Walz addressed the federal law enforcement presence in the state on Wednesday evening, calling it "organized brutality" and urging Minnesotans to protest peacefully — and to document how events are unfolding. He also criticized the conduct of the federal investigation into Renee Good's killing. Watch the full speech.
Minnesota lawmakers tried to end ICE contracts with counties a few years ago. A bill introduced in the House and Senate a half-decade ago aimed to prevent jails from entering into certain contracts with ICE.
WCCO is documenting other instances where ICE are detaining American citizens looking to act as legal observers.
It's a business model picking up steam across the Twin Cities. For instance, all the major sports venues in town, like Target Field and U.S. Bank Stadium, no longer accept cash.
WCCO gathered data on core staple items from Aldi in Apple Valley, Target in Fridley and Cub Foods in north Minneapolis.
Minnesota drivers have something to celebrate this holiday — a price drop at the pump.
With costs still high and budgets stretched, getting smarter with money matters more than ever.
There were 584 vehicles towed during this week's snow emergency in Minneapolis. That number stands at 352 and counting in St. Paul, where parking restrictions are in place until 9 p.m. on Friday, Jan. 2.
At Moth Oddities in northeast Minneapolis, volunteers moved through stacks of boxes as donations continued to pour in for families impacted by the increased presence of U.S. Immigration and Customs Enforcement in the city.
A shooting occurred Wednesday night in north Minneapolis after ICE officers were attacked by men with shovels during an arrest operation, three U.S. officials told CBS News.
WCCO is documenting other instances where ICE are detaining American citizens looking to act as legal observers.
The family of Renee Good, the woman who was fatally shot by a U.S. Immigration and Customs Enforcement officer one week ago, is now being represented by the firm that also represented George Floyd's family.
A judge on Wednesday morning declined to issue a temporary restraining order against ICE operations in Minnesota, seeking further evidence before issuing a ruling.
The Minnesota Department of Employment and Economic Development says it began distributing payments on Friday to over 2,600 Minnesotans.
Just one day after dropping his bid for reelection, Minnesota Gov. Tim Walz said the state's paid family leave program is one of the most transformational bills the state has ever passed.
Roughly 12,000 Minnesotans have already applied for the state's new paid family leave program, according to an update by the Department of Employment and Economic Development.
It's a beauty technique that's exploding. Depending on your age, you might not have heard of it. It's called micro-needling.
The clock is ticking to snag a few more gifts and prepare for that holiday trip to visit family. As the pressure builds, so does the stress.
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."
Here are the significant books, films and characters joining the list of works in the public domain on Jan. 1, 2026.
Isiah Whitlock Jr. is perhaps best known for his role as state Sen. R. Clayton "Clay" Davis on HBO's "The Wire."
The band announced Perry Bamonte's death on their official website on Friday.
Most good Minnesota high school hockey teams face the offseason reality that their best players may leave for juniors. This year, Rogers had three key players decide not to, which has benefited the roster.
The men leading the Minnesota Vikings' operations don't sound ready to give up on quarterback J.J. McCarthy, but neither are they speaking like they're satisfied at the position.
John Blackwell buried a 3-pointer at the buzzer and scored 27 points to help Wisconsin overcome an 11-point second-half deficit to beat Minnesota for a 10th straight time, 78-75.
Julius Randle scored 29 points and the hot-shooting Minnesota Timberwolves never trailed in a 139-106 blowout of the Milwaukee Bucks.
Pittsburgh Steelers head coach Mike Tomlin has informed the team that he is stepping down from his position.
The shooting death of Renee Good by an ICE agent has raised several legal questions.
The fatal shooting of Renee Good by an ICE agent has raised many legal questions. Constitutional law professor David Schultz, who has taught a class on police, criminal and civil procedure, has some answers.
The DFL race pits two prominent party leaders, Lt. Gov. Peggy Flanagan and Rep. Angie Craig, against each other.
Minnesota Congresswoman Ilhan Omar is calling for answers about the immigration crackdown in the Twin Cities. She is also denouncing the president's attacks on the Somali community and herself. In Talking Points, Esme Murphy shows us how, for Omar, this is a familiar position to be in.
Minnesota Congresswoman Ilhan Omar is calling for clarity about the immigration crackdown in the Twin Cities.
On Dec. 9, 1965, "A Charlie Brown Christmas" debuted on CBS, and it became an instant classic. Lee Jenkins' home is proof that the show is still a hit six decades later.
Holiday lights are on full display across the state right now, and just south of the Twin Cities you'll find a Christmas light show that's been around for more than half a century.
The story begins years ago when the city acquired one of the T-38 Talon Thunderbird jets from the Air Force.
The holidays are upon us, and in the town of Kellogg, Minnesota, you'll find a toy store unlike any other.
With the holidays fast approaching, and lutefisk on the menu for many families, one Minnesota town has the distinction of being called the "Lutefisk Capital of the Country."
New polling shows most voters do not think last week's deadly ICE shooting was justified. But the Trump administration thinks so and suggested that Renee Good was a domestic terrorist. Experts say that's not a label to be taken lightly.
ICE is making arrests in Minnesota right next to shoppers grabbing groceries. The tense encounters are happening at places like Target, Walmart and other private businesses.
It's a question many people have been asking: What is the cost of the U.S. Immigration and Customs Enforcement operation in Minnesota? WCCO was able to get some numbers.
It's a business model picking up steam across the Twin Cities. For instance, all the major sports venues in town, like Target Field and U.S. Bank Stadium, no longer accept cash.
From the frozen ponds and lakes to the packed indoor rinks serving as community hubs, hockey is uniquely celebrated and cherished in Minnesota like no other state in the country.
Minnesotans got a great view of the northern lights Tuesday night.
A look at the newest addition to the polar bear population at St. Paul, Minnesota's Como Zoo.
From food shelves to school programs, our team is proud to serve where it matters most.
The Minnesota State Fair has unveiled its new food, drinks and vendors for 2025.
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.
Periods of light snow will move through in waves on Thursday and Friday, says NEXT Weather meteorologist Chris Shaffer.
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.
Right on time, the January thaw has made it to Minnesota as high temperatures the last several days have climbed above freezing.
Temps will be in the low 30s to end the work week, then drop to single-digit highs for the weekend, WCCO meteorologist Mike Augustyniak reports.
Periods of light snow move through in waves over the coming days before a big chill-down into single-digit highs, WCCO meteorologist Joseph Dames reports.
A shooting occurred Wednesday night in north Minneapolis after U.S. Immigration and Customs Enforcement officers were attacked by men with shovels during an arrest operation amid Operation Metro Surge, three U.S. officials told CBS News.
Gov. Tim Walz addressed the federal law enforcement presence in the state on Wednesday evening, calling it "organized brutality" and urging Minnesotans to protest peacefully — and to document how events are unfolding. He also criticized the conduct of the federal investigation into Renee Good's killing. Watch the full speech.
Most good Minnesota high school hockey teams face the offseason reality that their best players may leave for juniors. This year, Rogers had three key players decide not to, which has benefited the roster.
Many in the community have been wondering what they can do to help immigrant families in the Twin Cities. As photojournalist Joe Van Ryn and Susan-Elizabeth Littlefield found out, there’s no shortage of people looking to step up and lend a helping hand.
A man in St. Paul, Minnesota, tells WCCO that ICE attempted to intimidate him and his wife on the road after they attempted to document their actions. It's one of the latest incidents involving ICE and American citizens here in Minnesota.