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.
A bipartisan effort to establish a new state watchdog agency to crack down on fraud in public programs won't advance this year, former DFL House Speaker Melissa Hortman said Friday.
Two teams means double the excitement. On Thursday, the Minnesota Frost faced the Ottawa Charge in the PWHL finals. The same night, the Minnesota Timberwolves faced the Oklahoma City Thunder in the NBA Western Conference finals.
From "Lilo and Stitch" to "Mission Impossible – The Final Reckoning," the holiday weekend could see movie theaters packed.
Britta Curl-Salemme tied it with 16 seconds left and scored at 16:24 of overtime to give the defending champion Minnesota Frost a 2-1 victory over the Ottawa Charge on Thursday night, evening the PWHL championship series at a game apiece.
Shai Gilgeous-Alexander scored 38 points a day after being named the NBA's MVP, and the Oklahoma City Thunder overwhelmed the Minnesota Timberwolves again, winning 118-103 to take a 2-0 lead in the Western Conference finals.
A bipartisan effort to establish a new state watchdog agency to crack down on fraud in public programs won't advance this year, former DFL House Speaker Melissa Hortman said Friday.
Two teams means double the excitement. On Thursday, the Minnesota Frost faced the Ottawa Charge in the PWHL finals. The same night, the Minnesota Timberwolves faced the Oklahoma City Thunder in the NBA Western Conference finals.
Earlier this week former police chief and public safety director, Mike Goldstein, passed away after a medical incident. He was 58-years-old.
A special session of the Minnesota Legislature is headed for after Memorial Day weekend as lawmakers continue to sort through unresolved bills that will make up the next two-year state budget.
Here's how the area around George Floyd square is doing nearly five years after a Minneapolis police officer killed George Floyd, sparking worldwide calls for justice and police reform.
A Minnesota family is asking for help after wildfires destroyed their longtime home.
Investigators believe the Jenkins Creek Fire, which the U.S. Forest Service says has spread to over 16,000 acres, was started by a person.
This week's rain has given some respite from ongoing drought conditions. But as of May 15, a quarter of Minnesota is still in a moderate drought.
In all, fifty-seven adult cats, four kittens and a 5-year-old great dane are now in Animal Humane Society care, getting their medical needs addressed including spay and neuter surgeries and eye and ear issues.
Authorities say a drunken driver left his girlfriend to die on a central Minnesota road after she jumped from his vehicle while they were arguing.
The St. Croix County Sheriff's Office says the woman's family member asked for a welfare check around 9 p.m.
A Wisconsin appeals court judge who was an outspoken supporter of abortion rights in the state Legislature is running for the Wisconsin Supreme Court.
Of the seven tornadoes, four were rated EF-0s, two were EF-1 and one in New Richmond, Wisconsin was rated an EF-2.
A boat that's been rusting away on an island in the St. Croix River for almost a year has been moved.
There were more than a dozen tornado warnings and multiple observed tornadoes across Minnesota and Wisconsin.
Inside the Qdoba restaurant in Hutchinson, the crew is preparing to help one of their own who is in a hospital in Minneapolis, fighting for his life.
A Minnesota family is turning their unexpected cancer diagnosis into a way to support other families go through a similar situation.
A dream 62 years in the making, local artist Don Grandbois finally gets to show off his talents at an art show curated by his great niece.
From healthy to heart failure, Nancy Rajanen's thirst for life and travel helps get her through a difficult medical diagnosis.
The fishing opener is two days away, and a father and daughter in St. Cloud are doing what they can to make sure Minnesotans catch more fish.
A bipartisan effort to establish a new state watchdog agency to crack down on fraud in public programs won't advance this year, former DFL House Speaker Melissa Hortman said Friday.
A special session of the Minnesota Legislature is headed for after Memorial Day weekend as lawmakers continue to sort through unresolved bills that will make up the next two-year state budget.
A judge has ruled the release of Dogukan Gunaydin, a Turkish national, must be confirmed by the Trump administration by late Thursday afternoon.
Five years after George Floyd's murder the Minneapolis Police Department is getting a mixed review on reform. In Talking Points -- Esme Murphy spoke with Michael Harrison, the lead investigator for Effective Law Enforcement for All, an independent evaluator, about their findings.
Judge Myong Joun, a Biden appointee, blocked the Trump administration from carrying out its reduction-in-force at the Education Department, which was announced on March 11.
From "Lilo and Stitch" to "Mission Impossible – The Final Reckoning," the holiday weekend could see movie theaters packed.
A Twin Cities chef says opening her dream spot has turned into a nightmare.
Sales at Target fell more than expected in the first quarter and the retailer warned they will slip this year as consumers, worried over the impact of tariffs, pull back on spending.
More people than ever are shopping resale and that number is only expected to grow this year.
Import taxes on Chinese goods are up to 145%. As trade talks are on the horizon. Minnesota-made companies are feeling the pressure.
Here's how the area around George Floyd square is doing nearly five years after a Minneapolis police officer killed George Floyd, sparking worldwide calls for justice and police reform.
The suspect in the fatal shooting of Yaron Lischinsky and Sarah Lynn Milgrim outside the Capital Jewish Museum in Washington, D.C., has been identified as a 30-year-old from Chicago.
The victims, Yaron Lischinsky and Sarah Lynn Milgrim, were a couple about to become engaged, said Israel's ambassador to the U.S., Yechiel Leiter.
As the Trump administration's Department of Justice now seeks to drop the consent decree made between former U.S. Attorney General Merrick Gardner's department and the Minneapolis police in the murder's aftermath, former police chief Medaria Arradondo says it's important for people to understand the city's history of police reform.
Police in Coon Rapids, Minnesota, say one of its officers fatally shot an armed man on Wednesday afternoon during a "domestic incident" call.
Authorities in Hong Kong say COVID-19 levels are the worst in at least a year.
A Twin Cities woman is suing over an alleged medical mistake that she says cost her a healthy left kidney.
FDA advisers are set to meet Thursday to decide on updates for this fall's COVID shots.
A Wisconsin appeals court judge who was an outspoken supporter of abortion rights in the state Legislature is running for the Wisconsin Supreme Court.
Skin is the human body's largest organ, helping to protect against germs and regulating body temperature. As important as it is to use sunscreen, experts say it's also important to know how to apply it correctly.
From "Lilo and Stitch" to "Mission Impossible – The Final Reckoning," the holiday weekend could see movie theaters packed.
George Wendt, the comedian and actor known for his beloved role as Norm on "Cheers," has died.
The St. Paul Saints say Thursday night's home game against the Norfolk Tides at St. Paul's CHS Field is dubbed "Plain Night," promising "it's going to be meh."
When Annie Tammearu, also known as Mother Soki, created the song "Rivet Gun" in her humble apartment in Minneapolis, she never expected that Grammy award-winning pop star Ellie Goulding would take notice.
Netflix will stream a new season of Sesame Street, the beloved children's program, and make previous episodes available.
Two teams means double the excitement. On Thursday, the Minnesota Frost faced the Ottawa Charge in the PWHL finals. The same night, the Minnesota Timberwolves faced the Oklahoma City Thunder in the NBA Western Conference finals.
Britta Curl-Salemme tied it with 16 seconds left and scored at 16:24 of overtime to give the defending champion Minnesota Frost a 2-1 victory over the Ottawa Charge on Thursday night, evening the PWHL championship series at a game apiece.
A Minneapolis teacher is helping high school basketball players get one more look from college coaches.
Shai Gilgeous-Alexander scored 38 points a day after being named the NBA's MVP, and the Oklahoma City Thunder overwhelmed the Minnesota Timberwolves again, winning 118-103 to take a 2-0 lead in the Western Conference finals.
Minnesota Vikings quarterback J.J. McCarthy and his fiancée, Katya Kuropas, took to Instagram Wednesday night to announce her pregnancy.
Five years after George Floyd's murder the Minneapolis Police Department is getting a mixed review on reform. In Talking Points -- Esme Murphy spoke with Michael Harrison, the lead investigator for Effective Law Enforcement for All, an independent evaluator, about their findings.
Five years after George Floyd's murder the Minneapolis Police Department is getting a mixed review on reform.
Esme Murphy speaks with both DFL and GOP House leaders on the issue of health insurance for the undocumented.
While outside this spring, it's easy to forget about a small biting inconvenience. But May is Lyme Disease Awareness Month, a time to raise awareness about Lyme disease, its symptoms and the importance of tick bite prevention.
A woman with Lyme disease went misdiagnosed for over a decade.
They might be the most recognizable faces in Minnesota Twins history. And every time you go to a game, you see Minnie and Paul shaking hands in centerfield.
There are more than 20,000 artifacts in the Minnesota Fishing Museum, from old-time rods and reels to vintage lures and motors. What's unique is that everything was donated.
Beth and Eric Engstrom always knew they wanted a farm, but they never dreamed they'd fill it with non-traditional farm critters.
Small towns can offer a variety of businesses, but rarely will you come across one with full-grown dinosaur fossils. That's now the case in Blue Earth, Minnesota.
Jay Cooke State Park in Carlton County, Minnesota, is turning 110 years old this year.
From "Lilo and Stitch" to "Mission Impossible – The Final Reckoning," the holiday weekend could see movie theaters packed.
Since 2005, there have been 18 special sessions, and this year's would bring the total to 19. That has many wondering how much it costs state taxpayers when lawmakers can't settle on a budget during the regular session.
'Tis the season of giving to those who are receiving a diploma. Before the celebrations begin, experts weigh in on how much to gift a graduate.
Birthmarks are often harmless, but their origins have puzzled doctors for years.
Minnesota is in the midst of a sizzling stretch of summer-like weather. Something unique for this time of year.
WCCO photojournalist Art Phillips shares some personal family photos taken by his father, Arthur Phillips Sr., in Vietnam during his time in service.
The new Minnesota Military and Veterans Museum is under construction just outside of Camp Ripley in Little Falls. Set to open in late 2026, the $40 million, first-of-its-kind project in the nation will be eight times the size of the existing museum. It will honor not only Minnesota's service members and their sacrifices, but the refugee experience as well. Watch and read more in Pauleen Le's series "Vietnam 50 Years Later: Reflections on a War that Changed Minnesota."
The National Weather Service has issued multiple tornado warnings and many more severe thunderstorm warnings throughout wide swaths of southern and central Minnesota Monday afternoon.
A spring snowstorm dropped several inches of plowable snow overnight in the Twin Cities and other parts of Minnesota.
Six Minnesota Vikings made the initial roster for the 2025 Pro Bowl Games, the most in 15 years.
WCCO meteorologist Chris Shaffer says Memorial Day weekend looks mostly dry and quiet with light winds.
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 Chris Shaffer has your latest forecast.
WCCO meteorologist Chris Shaffer says we have a beautiful Memorial Day Weekend on tap for Minnesota with temperatures in the 70s both Saturday and Sunday.
There's more chance for frost in northern Minnesota Friday morning, but things will start to dry out, with highs in the 60s in the metro area.
WCCO meteorologist Chris Shaffer says Memorial Day weekend looks mostly dry and quiet with light winds.
Jeff Wagner learned what motivates people to buy a ticket as the summer box office heats up.
Frankie McLister spoke with fans cheering on the Minnesota Frost and Minnesota Timberwolves.
The goal of an Office of Inspector General was to crack down on fraud in public programs.
Dogukan Gunaydin was detained by immigration agents in late March.