Recession uncertainty casts shadow over Minnesota budget forecasts
J.P. Morgan revised its prediction for a recession to 60% for this year.
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J.P. Morgan revised its prediction for a recession to 60% for this year.
Senate Majority Leader Erin Murphy spoke with Esme Murphy amid recession fears in the United States and an uncertain future.
Between rapidly changing tariffs and a shaky tech sector, the stock market has been unsettled and fears of a recession are growing. Nick Foulks from Great Waters Financial breaks down the latest on the markets, and shares some tips for approaching a volatile investment period.
Fears of a recession sent the stock market tumbling this week. Couple that with federal job cuts and unpredictable tariffs and there's a lot of financial uncertainty right now. What is a recession? Good Question. Kirsten Mitchell explores what to do if we head into one.
Consumers, businesses and investors are increasingly jittery about the risks of a protracted slump. So what exactly is a recession?
Wall Street opened lower on Monday after President Trump didn't rule out a potential recession during an interview over the weekend. It comes as Congress has to pass a budget by the end of the week to avert a partial government shutdown.
President Trump is downplaying concerns about the possibility of a recession, but also not ruling it out.
A lot of people are paying attention to their 401(k)s after a dismal day on the market.
The largest drop in pessimism about the economy since summer 2022 has come from Republicans.
U.S. economic growth accelerated last quarter, boosting hopes that a long-predicted recession can be avoided.
CBS News Business Analyst Jill Schlesinger discusses recent economic signs.
The one poor-performing spot in Minnesota is effective tax rates; the state ranks 39th in that department. By the way, North Dakota topped the list, and Wisconsin tied with Minnesota for fifth place.
"People have been using the wrong R-word to describe the economy," one economist said. "It's resilience — not recession."
"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.
Soon after the U.S. carried out a military attack inside Venezuela, President Trump said the nation's President Nicolás Maduro had been captured and flown out.
The Minnesota Vikings would love for wide receiver Justin Jefferson finish a frustrating season on a good note by getting 1,000 yards receiving.
The generosity of WCCO viewers is providing huge gains in housing stability for Minnesota veterans.
The director of the School Readiness Learning Academy, Monique Stumon, prepared on Friday to welcome kids back to her Minneapolis day care centers after the holiday break. As 2026 begins, she doesn't know what to expect.
Not only did we witness some big storms on Earth in 2025, but the sun also put on a show for the country, fuelling a number of solar storms throughout the year.
Early season, snow and cold have given many trails the snowpack they need. Winter fun comes with the fresh snow, but so do challenges.
Nine of the Minnesota child care centers that were discussed in a viral video, prompting allegations of fraud, were "operating as expected" when state investigators conducted on-site checks this week, officials said on Friday.
A Minnesota man who was convicted of shooting five Black Lives Matter protesters in November 2015 will be released from prison on Monday.
Kaohly Her, a former state representative, who after a short campaign defeated a well-known incumbent in an upset last fall, took the oath of office Friday to become the first woman and Asian American to lead St. Paul as its mayor.
From severe weather to extreme heat and everything in between, 2025 was a year full of big swings and big storms across Minnesota.
Early season, snow and cold have given many trails the snowpack they need. Winter fun comes with the fresh snow, but so do challenges.
A man is dead and a person is in custody after an apparent shooting near Wolverton on New Year's Day, according to the Wilkin County Sheriff's Office.
From severe weather to extreme heat and everything in between, 2025 was a year full of big swings and big storms across Minnesota.
According to Minnesota Lottery, one Minnesota Millionaire Raffle ticket was sold at a Holiday Stationstore in Coon Rapids on 13051 NW Round Lake Blvd. The other was sold in International Falls at Forestland Sales on 1111 3rd St.
As a new year begins, there are several new laws taking effect in Minnesota.
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.
A Wisconsin woman who almost killed her sixth-grade classmate to please the fictional Slender Man has been ordered back to a state psychiatric hospital after she escaped from her group home last month.
Several schools in Minnesota and Wisconsin are reporting delayed starts on Monday amid a messy morning commute.
The U.S. Justice Department has sued three states, including Illinois and Wisconsin, and D.C. for not turning over requested voter information to the Trump administration.
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.
On Sunday, members of Minnesota's Somali community spoke out against President Trump's social media post calling for an end to temporary protected status.
Soon after the U.S. carried out a military attack inside Venezuela, President Trump said the nation's President Nicolás Maduro had been captured and flown out.
The director of the School Readiness Learning Academy, Monique Stumon, prepared on Friday to welcome kids back to her Minneapolis day care centers after the holiday break. As 2026 begins, she doesn't know what to expect.
Minnesota officials say child care centers at the center of fraud allegations were "operating as expected" during inspections this week. Friday marked the first time we heard about what they found in a review of claims made in a viral video. The allegations led to a federal funding freeze that providers say is leaving families backed into a corner. Conor Wight shows the mass confusion about what's going to happen, and when, as the threat of a federal funding freeze looms.
Nine of the Minnesota child care centers that were discussed in a viral video, prompting allegations of fraud, were "operating as expected" when state investigators conducted on-site checks this week, officials said on Friday.
St. Paul Mayor Kaohly Her took the oath of office on Friday to become the city's 56th leader. She is the first woman and first person of Hmong heritage to have that job. WCCO's Caroline Cummings has more about how she plans to move the city forward.
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.
While no illness has been reported so far, the U.S. Food and Drug Administration says 54 stores in the state were affected by Gold Star Distribution's recall.
This season of giving can really do a number on our recycling systems. But we can all be part of the solution.
A man is dead and a person is in custody after an apparent shooting near Wolverton on New Year's Day, according to the Wilkin County Sheriff's Office.
A Minneapolis day care says that vandals damaged the facility early this week, after a YouTube video purporting to expose fraud among day cares in the Twin Cities metro area went viral.
The ringleader of what authorities called the largest pandemic fraud case in the United States has been ordered to forfeit more than $5 million.
Twin Cities police say they believe there could be more victims of a 37-year-old man charged earlier this month with child sex crimes.
Broken Clock Brewing Cooperative is a tap room, a brewery, coffee shop and an event center on Marshall Street in northeast Minneapolis. During Christmas, it was unfortunately a community for thieves.
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.
The Minnesota Athletic Trainers Association says of the middle and high schools they know of, only 49% have an athletic trainer providing some level of service.
From 2021 to 2025, Smart Therapy Center submitted claims totaling $31.8 million across all Minnesota Department of Human Services programs, according to that data. But the provider was only approved for a fraction of those payments.
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.
The message, aired on Channel 4 on Christmas Day, reflected on the impact of President Trump's second term in office thus far.
Feeding America's CEO said the organization is "incredibly grateful" for Taylor Swift's large donation.
The Minnesota Vikings would love for wide receiver Justin Jefferson finish a frustrating season on a good note by getting 1,000 yards receiving.
The Minnesota Twins have acquired first baseman Eric Wagaman from the Miami Marlins for minor league pitcher Kade Bragg.
Minnesota Vikings quarterback J.J. McCarthy will return from injury for the team's season finale against the Green Bay Packers on Sunday.
When he's not playing zone or man, Hall is carving it up at local hills. He has qualified for multiple professional snowboard competitions.
Harrison Smith's 14th year as a steadying presence and energizing force in the secondary for the Minnesota Vikings has hardly been smooth.
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.
Fear and uncertainty continue in Minnesota's Somali communities as ICE continues its intensified focus on the Twin Cities.
Opposition to ICE actions is widespread among Democratic elected officials throughout the state, though nowhere more than in Minneapolis, home to the state's largest Somali population.
Minnesotans who welcomed a child this year were able to start applying this week to the state's new paid family and medical leave program to take time off in 2026.
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."
Have you ever wondered how the actors memorize so many lines? A neurologist says everyone could strengthen their memories by taking cues from actors.
It's a beauty technique that's exploding. Depending on your age, you might not have heard of it. It's called micro-needling.
According to the Smithsonian Magazine and Britannica, eggnog has British roots.
With the time-honored tradition of gift giving comes gift concealing.
The story of "The Wizard of Oz " is 125 years old, yet still reinventing itself in all kinds of forms.
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.
Temperatures will reach the 20s in parts of Minnesota on Saturday, according to NEXT Weather meteorologist Chris Shaffer, before a light mix on Sunday that may create slick conditions on the roads.
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.
NEXT Weather Meteorologist Chris Shaffer says temperatures on Saturday will reach the low 20s before a light mix of precipitation on Sunday.
Not only did we witness some big storms on Earth in 2025, but the sun also put on a show for the country, fuelling a number of solar storms throughout the year.
Not only did people see some big storms on Earth this past year, the sun put on a show, too. NEXT Weather meteorologist Adam Del Rosso explains.
The allegations in a viral video posted late last month of fraud at child care centers in Minnesota led the Trump administration to announce a pause of up to $185 million in child care funding for the state. Ubah Ali speaks with a mother who says she depends on the help that's now at risk.
In the Jan. 2, 2026, edition of High School Sports Rally, learn about Kerry Sutherland, an assistant basketball coach at Hopkins who is getting all kinds of support during his battle with cancer. Plus, the results of a boys hockey showdown between Shakopee and Moorhead, and other high school highlights.
Temperatures will reach the 20s in parts of Minnesota on Saturday, according to NEXT Weather meteorologist Chris Shaffer, before a light mix on Sunday that may create slick conditions on the roads.
NEXT Weather Meteorologist Chris Shaffer says temperatures on Saturday will reach the low 20s before a light mix of precipitation on Sunday.
Your donations during Home for the Holidays has helped the Minnesota Assistance Council for Veterans raise $1 million. They'll use the money to make veteran homelessness rare, brief and non-recurring. Reg Chapman explains.