Social Security payments to rise 8.7% in 2023 — highest in decades
With inflation forcing many seniors to cut back on food and medicine, annual cost-of-living hike will boost their income.
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With inflation forcing many seniors to cut back on food and medicine, annual cost-of-living hike will boost their income.
WCCO's Derek James talked to personal finance expert Anthony O'Neal about what you can do to hold on to more of your money.
Fed Chair Jerome Powell says curbing inflation will cause pain. Critics say putting millions out of work is unnecessary.
Abigail Wozniak says the fed is hoping inflation might make some significant budging by the end of next year through 2024. We have a ways to go, and there will be short-term pain to get inflation down.
Dow hits 2022 low as markets sell off on recession fears as central banks around the world jack up interest rates.
Interest rate on a typical 30-year mortgage rate has jumped by more than a quarter-point this week to 6.29%.
Fed raised key interest rate by three-quarters of a percentage point and signaled it plans to keep rates higher longer.
Borrowing costs rose to their highest level in 14 years, and more interest-rate hikes are likely, Fed signaled.
The central bank said it is boosting rates by 0.75 percentage point. Expect to pay more for credit card debt and loans.
"A sustained rally is likely to require clear evidence that inflation is on a downward trend," a UBS analyst said.
New data suggests the slowing economy is making it more expensive to own and care for pets, resulting in more people surrendering their pets to shelters or spending less on their furry friends.
Gym owners say they are still struggling to financially recover from the pandemic.
Borrowing costs for a conventional home loan have more than doubled over the last year.
Target's CEO Brian Cornell joins "CBS Mornings" to discuss how Target is handling inflation and recession fears as well as how the retailer is improving diverse representation.
Inflation eased last month as energy prices tumbled, according to a report closely watched by the Federal Reserve.
When gates open at the Great Minnesota Get-Together Thursday morning, visitors will shell out more to get inside, and possibly for their favorite fair food, too.
The plan cancels $10,000 in federal student loans per borrower and an additional $10,000 for recipients of Pell Grants
At Owamni, an award-winning Indigenous restaurant under The Sioux Chef umbrella, ingredients like Labrador Tea – which grows wild in northern Minnesota – have been especially difficult to get this year.
Inflation has affected the cost of many things, including the cost to take care of a child through high school.
Airfares were down 7.8% in July compared to June, according to the latest numbers released by the Labor Department.
Inflation has impacted prices across the board this summer, and food shelves have definitely felt it.
Congress approved the $750 billion bill named the Inflation Reduction Act on Friday.
Family-owned grocery chain Mike's Discount Foods is seeing a bump in business as inflation continues to have food prices climbing month over month.
Family-owned grocery chain Mike's Discount Foods is seeing a bump in business as inflation continues to have food prices climbing month over month.
Family-owned grocery chain Mike's Discount Foods is seeing a bump in business as inflation continues to have food prices climbing month over month.
The St. Louis County Sheriff's Office is investigating after a car hit a cyclist early Saturday morning.
Two canoers were rescued after a water emergency at the Island Lake Dam north of Duluth, Minnesota, Saturday morning.
Saturday will be a little cooler than Friday, with temperatures in the low-to-mid 60s.
It's been a few years now since Anoka's Downtown Social District first started in 2023. It gives residents and visitors the chance to sip and stroll while supporting other local businesses.
Victor Wembanyama delivered another masterpiece with 39 points, 15 rebounds and more game-wrecking defense as the San Antonio Spurs took a 2-1 lead in the second-round NBA playoff series with a 115-108 victory over the Minnesota Timberwolves.
Saturday will be a little cooler than Friday, with temperatures in the low-to-mid 60s.
It's been a few years now since Anoka's Downtown Social District first started in 2023. It gives residents and visitors the chance to sip and stroll while supporting other local businesses.
Data from the Minneapolis Police Department on Friday showed there were 2,086 stolen vehicles so far in 2026, which is about 400 more than this time in 2025. Hennepin County Attorney Mary Moriarty believes the solution to stop the thefts is prevention, diversion and prosecution to slow this surge.
Somali and Muslim leaders in Minnesota played a threatening voicemail at a public gathering Friday, saying businesses in their community are being targeted with messages warning of death.
According to the Minnesota Pollution Control Agency and their outlook for this year, smoky skies just may be our new normal.
The St. Louis County Sheriff's Office is investigating after a car hit a cyclist early Saturday morning.
Two canoers were rescued after a water emergency at the Island Lake Dam north of Duluth, Minnesota, Saturday morning.
According to the Minnesota Pollution Control Agency and their outlook for this year, smoky skies just may be our new normal.
A 100-mile stretch of Mississippi River towns is hosting its annual 100 Mile Garage Sale this weekend, drawing shoppers and sellers from across the region and beyond.
Minnesota-based North Memorial Health and South Dakota-based Sanford Health have signed a "definitive agreement" to merge into a single nonprofit health system, according to both organizations.
A 100-mile stretch of Mississippi River towns is hosting its annual 100 Mile Garage Sale this weekend, drawing shoppers and sellers from across the region and beyond.
Minnesota animal rescues are stepping up to take in dogs from a Wisconsin research facility accused of animal abuse.
You may have heard of Give to the Max Day, where people donate millions of dollars to hundreds of nonprofits and organizations across Minnesota on a single day. That idea has spread to western Wisconsin, called Give Big Valleys.
Federal prosecutors say a small-town Wisconsin police chief tried to help California gun dealers import illegal armor-piercing rounds from Europe.
Local and federal law enforcement are investigating after nearly 50 firearms and "a large quantity of ammunition" were stolen from a sporting goods store in St. Croix County, Wisconsin, the Bureau of Alcohol, Tobacco, Firearms and Explosives said Friday.
Somali and Muslim leaders in Minnesota played a threatening voicemail at a public gathering Friday, saying businesses in their community are being targeted with messages warning of death.
The Black homeownership rate in the Twin Cities dropped to 29% in 2024, and the region had the largest gap between Black and White homeownership rates of any comparable metro in the country.
Bobby Rogers once came to the Minneapolis Institute of Art to sketch and study; now he leads its design and editorial work, shaping what visitors see and experience.
Moses Cooper, who has cerebral palsy, met running partner Mark Hulsey through My Team Triumph Minnesota two years ago and the pair qualified for the Boston Marathon at Grandma's Marathon last summer.
Mackenzie Reed, head custodian at Shakopee East Middle School, has painted large-scale murals throughout the building she once attended as a student, creating a more welcoming space for current students.
The Trump administration announced a major expansion of its denaturalization campaign targeting foreign-born American citizens accused of fraudulently obtaining U.S. citizenship.
Defense Secretary Pete Hegseth said in a statement that the documents "have long fueled justified speculation — and it's time the American people see it for themselves."
President Trump says the ceasefire with Iran is still intact despite an escalation in tensions, plus more of the day’s top stories.
The Bloomington Police Department created a new executive protection unit amid rising political violence and increasing threats to Minnesota lawmakers.
After months of back and forth, Republicans and Democrats in both chambers of the Minnesota Legislature found a way forward to establish a new Office of Inspector General to fight fraud and prevent the theft of taxpayer money in the first place.
A 100-mile stretch of Mississippi River towns is hosting its annual 100 Mile Garage Sale this weekend, drawing shoppers and sellers from across the region and beyond.
The Black homeownership rate in the Twin Cities dropped to 29% in 2024, and the region had the largest gap between Black and White homeownership rates of any comparable metro in the country.
The Minnesota Senate passed a bill with mandatory requirements for homeowners associations aimed at improving transparency and preventing disputes, after two years of legislative work driven by public complaints.
Gas in the Twin Cities can be up to $4.20 a gallon these days, and it's happening as Minnesota is revving up for summer.
According to the letter, enforcement will be done by police and plainclothes officers, with businesses themselves being held accountable for repeat violations.
Somali and Muslim leaders in Minnesota played a threatening voicemail at a public gathering Friday, saying businesses in their community are being targeted with messages warning of death.
The co-owner of Lush Bar and Theatre said employees feel targeted after 3 people broke in and stole a safe containing cash and tips, with the bar now relying on a patron fundraiser to recover.
A former Minnetonka, Minnesota, school employee accused of having an inappropriate relationship with a 15-year-old girl has pleaded guilty, according to court documents filed Thursday.
Police in Inver Grove Heights, Minnesota, are searching for a suspect after an individual was injured in a shooting following an altercation on Friday morning.
Police in Bemidji, Minnesota, are investigating after a shooting that left three adults with critical injuries, according to officials.
Minnesota-based North Memorial Health and South Dakota-based Sanford Health have signed a "definitive agreement" to merge into a single nonprofit health system, according to both organizations.
The Minnesota House approved a pilot program that would legalize psychedelic mushrooms in the state for therapeutic use.
The FDA announced its first authorization of fruit-flavored electronic cigarettes intended for adult smokers, a major policy shift after months of appeals to President Trump from the vaping industry.
A deadly virus that's killed cruise ship passengers can be traced to small critters found hiding in homes.
When a loved one starts to lose their memory, it creates new challenges for family members. But in a western Minnesota town, they're battling Alzheimer's disease and dementia with music.
Jimmy Jam and Terry Lewis are calling their Aug. 29 show "Homecoming: A Celebration of the Minneapolis Sound."
A trial in the lawsuit between Blake Lively and Justin Baldoni was set to begin later in May.
The Minnesota Star Tribune was awarded the Pulitzer Prize for breaking news for its coverage of a mass shooting at a Minneapolis Catholic school that killed two children and injured more than a dozen others.
Mononymous country music star Hardy is set to kick off the final weekend of the 2026 Minnesota State Fair.
Jake was at the funeral for one of his closest friends when he learned of his parents' deaths, he said.
Victor Wembanyama delivered another masterpiece with 39 points, 15 rebounds and more game-wrecking defense as the San Antonio Spurs took a 2-1 lead in the second-round NBA playoff series with a 115-108 victory over the Minnesota Timberwolves.
Defender Sidney Morin scored two goals in the third period, Kelly Pannek added an empty-netter with 1:07 left, and the Minnesota Frost beat the Montreal Victoire 3-1 to force a winner-take-all Game 5 in the PWHL playoffs.
The Minnesota Twins on Friday night were defeated 6-4 by the Cleveland Guardians, who won their third straight game. Byron Buxton had three hits and homered for the 12th time in his last 22 games for Minnesota.
Jauan Jennings agreed to one-year contract with the Minnesota Vikings to give the team a needed third option at receiver.
Maggie Flaherty and Hayley Scamurra scored 24 seconds apart early in the second period, Ann-Renée Desbiens made 27 saves, and the Montreal Victoire beat the Minnesota Frost 2-1 in the PWHL playoffs.
The legislation establishes a list of requirements aimed at improving transparency and reducing conflicts within HOAs. Minnesota estimates that 25% of its residents live in an HOA, and 82% of new homes are built within one.
The Minnesota Senate passed a bill with mandatory requirements for homeowners associations aimed at improving transparency and preventing disputes, after two years of legislative work driven by public complaints.
The Minnesota Senate passed a bill with mandatory requirements for homeowners associations aimed at improving transparency and preventing disputes, after two years of legislative work driven by public complaints. In Talking Points, Esme Murphy spoke with Dana Ohman, an attorney who handles HOA disputes, about some of the most common questions homeowners have.
Sen. Tina Smith is using her last months in office to vocally campaign for progressive and environmental causes. She hopes that a progressive will succeed her when Minnesotans go to the polls next November.
Sen. Tina Smith, who is retiring from the U.S. Senate, is a major presence in the race to succeed her.
For nearly 50 years, Farmamerica has been sowing agricultural knowledge near Waseca, Minnesota.
The carillon has 56 bells, and the Mayo Clinic said that makes it one of the largest instruments in the world and the largest instrument in Minnesota.
When you think of masterful, memorable works of art, grain elevators don't typically come to mind. But in towns across the country, including in Minnesota, they're becoming an unlikely canvas for creativity.
At Arnie Lillo's Creations in Blue Earth County, you can visit a metal-scaled version of the Eiffel Tower and the Golden Gate Bridge. The works of art have taken on a shape of their own.
It's one of the largest musky hatcheries in the entire world. John Lauritsen shows us how the Spooner hatchery keeps fish healthy and anglers happy.
A deadly virus that's killed cruise ship passengers can be traced to small critters found hiding in homes.
So far this decade, the Twin Cities metro has, on average, added about 17,000 housing units per year, according to data from the Metropolitan Council.
A symbolic change is bothering some Minnesotans. Now their local leaders are listening; several cities are voting to fly the old state flag instead of the new one. While it was a drastic redesign, it wasn't the first.
Construction season has arrived, potentially adding several minutes to your daily drive to work. So, how bad is the commute in the Twin Cities? Good Question.
The media we consume and how long we spend consuming it can impact our mental health. In a world where screens are scrutinized, what is the worst kind of screen time?
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
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.
Saturday will be a little cooler than Friday, with temperatures in the low-to-mid 60s.
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.
Slightly cooler Saturday with temperatures in the 60s. Sunshine throughout the day. Meteorologist Adam Del Rosso shares our weekend weather forecast and shares when we could see a shower or two.
NEXT Weather meteorologist Chris Shaffer says wind gusts on Saturday are expected to exceed 20 mph in much of Minnesota.
According to the Minnesota Pollution Control Agency and their outlook for this year, smoky skies just may be our new normal.
It's a gorgeous weekend to check out the annual art fair at the Minneapolis Sculpture Garden.
Kelly Farm is hosting their annual plant sale and getting Minnesotans ready for planting season!
Slightly cooler Saturday with temperatures in the 60s. Sunshine throughout the day. Meteorologist Adam Del Rosso shares our weekend weather forecast and shares when we could see a shower or two.
It’s been a few years now since Anoka’s Downtown Social District first started in 2023. It gives residents and visitors the chance to sip and stroll while supporting other local businesses.
Reg Chapman shares updates on the war in Iran, Hantavirus and other news headlines of the day.