IRS could soon increase audits. Should taxpayers be worried?
Inflation Reduction Act's $80 billion in IRS funding would come as the risk of getting audited is at a decade-long low.
MoneyWatch
Latest News
How much does missing student loan payments hurt your credit?
Millions of people with college debt have seen their credit scores rise during a freeze on federal student loans.
Suit accuses Alaska Airlines of yanking passengers over texts
Abobakkr Dirar and Mohamed Elamin were forced off a plane because a passenger complained about text messages, suit says.
Social Security recipients could see $1,900 boost next year
Consumer prices are cooling but remain near 40-year highs, leading experts to predict a big benefits bump in January.
Inflation slowed in July, showing Fed's rate hikes are working
Consumer prices rose 8.5% over the past 12 months, marking a slowdown but still painfully high for millions of Americans.
Disney tops rival Netflix in number of subscribers
Disney streaming is also hiking fees for its services, with the monthly fee for Disney+ jumping by 38% in December.
Inflation bill could be "game-changing" for millions of U.S. seniors
Experts say the bill would help many older Americans with high drug costs save thousands of dollars per year.
What you need to know about Medicare Part A's depletion date
Medicare's Hospital Insurance trust fund will run out of money in 2028, trustees say.
U.S. stocks soar to 3-month high as inflation falls in July
Latest inflation data bolsters hopes that consumer prices have peaked and that the Fed can temper interest rate hikes.
Managing Your Money
More
How much mortgage can you afford based on your salary, income and assets?
Before you can even start searching for a new home, you first need to zero in on your homebuying budget.
What is a Roth IRA, and how does it work?
Whether you're considering opening a Roth IRA or if you're already using one, it never hurts to understand how it can affect your overall retirement plans.
Your most frequently asked credit card questions, answered
Despite their popularity, credit cards can be confusing. We answer your most frequently asked questions to help you understand how credit cards work and maximize their value.
Money Tech
Online prices fall for the first time in two years
Drop in online prices, driven by discounts on electronics and apparel, raises hopes inflation may be turning the corner.
Bankrupt company drops plan to rehire ex-CFO at $93K a month
Investors had panned the proposal while pleading for release of frozen funds: "I'm begging you," wrote one 72-year-old woman.
Amazon to buy Roomba vacuum maker iRobot for $1.7 billion
Robotic vacuum cleaner manufacturer will also lay off 10% of its workers as sales slump.
Want to cool off in a swimming pool? There's an app for that
Swimply lets private pool owners rent them by the hour, while helping people beat the heat.
Twitter posts quarterly loss ahead of Elon Musk legal fight
Fight with Musk taking a toll, but social media company sees nearly 17% gain in users from the previous year.
Apple slows hiring as tech industry tightens belt, report says
Other tech industry bellwethers are also trimming jobs as they brace for slower consumer spending.
Once-hot NFTs suddenly are not
Hype around nonfungible tokens is starting to fade, but some buyers say they have no regrets.
Amazon sues Facebook group administrators over fake reviews
Retail giant claims "bad actors" on Facebook are recruiting people to post phony reviews about products sold on Amazon.
Bombarded by scammy robo-texts? You're not alone.
New schemes are proliferating just as enforcers are making headway in reducing illegal robocalls, consumer watchdog finds.
Latest News
Trump says he took the Fifth in New York fraud investigation
The deposition is part of a wide-ranging probe into Trump's business practices by New York Attorney General Letitia James.
Austin Tice's family still waiting for answers 10 years after his disappearance
The freelance journalist was kidnapped in Syria on Aug. 14, 2012.
Supporters and GOP lawmakers rally behind Trump amid FBI search
After news of the search spread, many surrounded Mar-a-Lago with banners supporting Trump.
Man accused of killing 2 Muslim men denies involvement, documents say
The suspect told authorities he knew one of the victims and recognized the other but said he wasn't involved in their deaths.
Watchdog says DHS lawyers delaying Secret Service Jan. 6 text probe
Sen. Rob Portman wrote to DHS Secretary Alejandro Mayorkas to press him about delays in providing records to Congress.
Police release new image of missing California teen as search hits roadblock
"People that were there: if you know something, please say something," authorities pleaded Wednesday.
Iranian charged in plot to murder former national security adviser John Bolton
An indictment alleges Shahram Poursafi tried to pay $300,000 to people in the U.S. to murder Bolton.
Social Security recipients could see $1,900 boost next year
Consumer prices are cooling but remain near 40-year highs, leading experts to predict a big benefits bump in January.
2 killed in Megabus crash in New Jersey
At least 14 other passengers suffered minor injuries in the crash.
Small Business
More
Small business faces big challenges: Inflation and 18-hour days
"Would you be comfortable paying $36 for a hamburger? That's kind of what it's worth," says restaurant owner Jenna Petersiel.
For small businesses, looming recession brings uncertainty
But Jessica Johnson-Cope, CEO of a family-owned security services company, remains optimistic even as the U.S. economy darkens.
Want to cool off in a swimming pool? There's an app for that
Swimply lets private pool owners rent them by the hour, while helping people beat the heat.
How to use your car to earn cash without driving for a living
You don't have to work for Uber or Lyft to make money using your car. Instead, just wrap it in ads.
Optimism among small business owners at historic low amid inflation surge
Nationally, 85% of small businesses experienced financial challenges in the last year, according to the Small Business Credit Survey.
Retirement
More
Dems propose raising taxes on high earners to preserve Medicare
Sens. Joe Manchin and Chuck Schumer craft a scaled-back version of the economic package thwarted by Manchin last year.
A common retirement strategy can erode your savings: watchdog
Workers who move 401(k)s into IRAs can lose significant money to a choice they didn't have to make, new analysis shows.
How can you financially prepare for a recession?
"The quicker you move, the more agency you have in reducing the impact of a recession," one expert says.
Stock drop has erased $3 trillion in retirement savings this year
With Americans' nest eggs mostly held in 401(k)s and IRAs, the swoon could force many to delay their retirement.
Social Security bill would give seniors an extra $2,400 a year
Some lawmakers want to revise the retirement program to shore up its funding and boost benefits for its 69 million recipients.
U.S.
More U.S.
Steve Martin says he won't "seek" new TV, movie work: "This is, weirdly, it"
The actor hinted at a possible retirement in an interview published Wednesday.
Police release new image of missing California teen as search hits roadblock
"People that were there: if you know something, please say something," authorities pleaded Wednesday.
Photographer takes free photos of terminally ill pets: "A capture of my love"
Lauren Smith Kennedy, who knows how it feels to lose a beloved pet, is helping pet owners grappling with the heartbreak of a relationship coming to a close.
U.S. schools struggling amid severe teacher shortage
Nationwide, there are at least 280,000 fewer public school teachers than there were before the pandemic, according to the Bureau of Labor Statistics.
Migrants bused to New York and D.C. caught in political battle
The Texas governor has bused thousands of migrants to New York City and Washington, D.C., since April.
MoneyWatch
More MoneyWatch
Disney tops rival Netflix in number of subscribers
Disney streaming is also hiking fees for its services, with the monthly fee for Disney+ jumping by 38% in December.
IRS could soon increase audits. Should taxpayers be worried?
Inflation Reduction Act's $80 billion in IRS funding would come as the risk of getting audited is at a decade-long low.
How much does missing student loan payments hurt your credit?
Millions of people with college debt have seen their credit scores rise during a freeze on federal student loans.
Suit accuses Alaska Airlines of yanking passengers over texts
Abobakkr Dirar and Mohamed Elamin were forced off a plane because a passenger complained about text messages, suit says.
What you need to know about Medicare Part A's depletion date
Medicare's Hospital Insurance trust fund will run out of money in 2028, trustees say.
Politics
More Politics
IRS could soon increase audits. Should taxpayers be worried?
Inflation Reduction Act's $80 billion in IRS funding would come as the risk of getting audited is at a decade-long low.
Kia-what? Kia-where? Biden returns to quiet Kiawah Island for vacation
Biden has visited South Carolina's Kiawah Island for years. He can "enjoy a certain amount of insulation without being totally insulated," said Biden political confidant Dick Harpootlian.
DHS watchdog says DHS lawyers delaying Secret Service Jan. 6 text probe
Sen. Rob Portman wrote to DHS Secretary Alejandro Mayorkas to press him about delays in providing records to Congress.
Austin Tice's family is still waiting for answers 10 years after his disappearance
The freelance journalist was kidnapped in Syria on Aug. 14, 2012.
Supporters and GOP lawmakers rally behind Trump amid FBI search
After news of the search spread, many surrounded Mar-a-Lago with banners supporting Trump.
Health
More Health
Experimental treatment changes lives for cancer patients in small trial
An experimental trial for rectal cancer had a 100% resolution rate among its 18 patients.
What you need to know about Medicare Part A's depletion date
Medicare's Hospital Insurance trust fund will run out of money in 2028, trustees say.
Polio vaccine to be offered to London kids after more virus found
Britain's Health Security Agency said it had detected polio viruses derived from the oral polio vaccine in sewage water from eight boroughs of London.
Impact of intermittent fasting on weight loss
A new study published in the JAMA Internal Medicine found eating only between the hours of 7am and 3pm could help people lose weight and treat hypertension. Good Housekeeping's deputy nutrition director and registered dietician Stefani Sassos joins "CBS Mornings" to discuss the study's findings and limitations.
Trial for rectal cancer offers hope
A small immunotherapy trial for a certain type of rectal cancer reports a 100% success rate. Dr. Jon LaPook explains how it's designed to work, and how it could be used as a model to treat other cancers.
World
More World
Migrants bused to New York and D.C. caught in political battle
The Texas governor has bused thousands of migrants to New York City and Washington, D.C., since April.
Austin Tice's family is still waiting for answers 10 years after his disappearance
The freelance journalist was kidnapped in Syria on Aug. 14, 2012.
Arrests of cartel "bosses" trigger wave of destruction in Mexico
Images on social media showed men commandeering cars and buses and setting them on fire. Others showed burned-out convenience stores.
Former Twitter manager convicted of spying for Saudi Arabia
The case marked the first time the kingdom has been accused of spying in America.
Iranian charged in plot to murder former national security adviser John Bolton
An indictment alleges Shahram Poursafi tried to pay $300,000 to people in the U.S. to murder Bolton.
Entertainment
More Entertainment
Steve Martin says he won't "seek" new TV, movie work: "This is, weirdly, it"
The actor hinted at a possible retirement in an interview published Wednesday.
Longtime ESPN reporter M.A. Voepel comes out as transgender
The network veteran shared in a series of tweets that he is a transgender man and uses he/him pronouns.
Disney tops rival Netflix in number of subscribers
Disney streaming is also hiking fees for its services, with the monthly fee for Disney+ jumping by 38% in December.
Olivia Newton-John's husband writes touching tribute to late actress
"We were in awe of this great mystery and accepted the experience of our love as past, present and forever," he wrote.
Jury selection begins for Vanessa Bryant's lawsuit over crash photos
Vanessa Bryant is suing Los Angeles County public officials for allegedly taking and distributing photos of her late husband's remains.
Technology
More Technology
Smart home tech can help save money on energy bills
Programmable thermostats and smart lights can help consumers' lower energy bills.
Snapchat's new features will let parents see who their kids are talking to
The new in-app tool will let parents keep a closer eye on their kids – without letting them read private conversations.
Cool summer energy bills with smart home systems
NerdWallet personal finance expert Sara Rathner explains how to use smart home tech to save on energy costs.
Biden signs bill to boost U.S. chip production
President Biden has signed the bipartisan Chips and Science Act, designed to help boost manufacturing of computer chips in the U.S. and decrease reliance on overseas manufacturing of the components that power nearly all facets of modern technology. Meg Oliver reports.
Online prices fall for the first time in two years
Drop in online prices, driven by discounts on electronics and apparel, raises hopes inflation may be turning the corner.
Science
More Science
Study finds spiders likely sleep and dream a lot like people
Researchers in Germany monitored jumping spiders as they snoozed, and saw characteristic traits of REM sleep never observed before in invertebrates.
Evidence of "bone-crushing" dog found at Tennessee fossil site
The university says this is the first evidence of a dog at the site that was a densely forested habitat with plants and tree-dwelling animals.
"Terrifying" study links climate hazards to hundreds of infectious diseases
"There is no speculation here whatsoever," the study's lead author said. "These are things that have already happened."
Due to climate change, Nevada says goodbye to grass
In a state where every drop of water counts, ornamental grass – which accounts for a large percentage of outdoor water use – has been banned in Southern Nevada, just one step being taken to address rising temperatures and shriveling reservoirs.
Experts call for more public urgency on climate change
In a state where every drop of water counts, ornamental grass – which accounts for a large percentage of outdoor water use – has been banned in Southern Nevada. Correspondent Tracy Smith talks with climate and water experts about the steps being taken (or not) to address rising temperatures; and with astrophysicist Neil deGrasse Tyson about the lack of urgency he says is hampering humanity's ability to counter this existential threat to our planet.
Crime
More Crime
Police release new image of missing California teen as search hits roadblock
"People that were there: if you know something, please say something," authorities pleaded Wednesday.
Examining ongoing investigations related to Trump
CBS News' Lana Zak breaks down the different and ongoing investigations in multiple states and districts related to former President Donald Trump. They include an election interference case in Georgia and a tax returns case in Washington, D.C.
DOJ charges Iranian in alleged plot to kill Bolton
The Justice Department revealed the details of an Iranian operative's alleged plot to assassinate former Trump national security adviser John Bolton, one of Iran's fiercest critics. Sources tell CBS News another target of the alleged plot was former Secretary of State Mike Pompeo. Catherine Herridge has the details.
John Bolton discusses alleged assassination plot
The Justice Department is charging an Iranian operative for allegedly plotting to murder former national security adviser John Bolton. An alleged member of Iran's Islamic Revolutionary Guard Corps is wanted by the FBI on charges related to the plot to kill the former Trump official. Bolton joins Scott MacFarlane on "Red and Blue" to discuss the plot.
Trump pleads the Fifth in N.Y. civil investigation
Former President Donald Trump testified under oath in the New York civil investigation into his business dealings. He invoked his Fifth Amendment protection against self-incrimination during the deposition. CBS News chief election and campaign correspondent Robert Costa joins Scott MacFarlane on "Red and Blue" to discuss the deposition and the latest on the Mar-a-Lago search.
Space
More Space
How to watch the Sturgeon moon – the last supermoon of the year
The Sturgeon moon will be the last supermoon until 2023.
Scientist apologizes after posting image of star that was actually sausage
Etienne Klein apologized for misleading some Twitter followers with his "scientist's joke."
SpaceX launches Korean moon probe
South Korea's first moon mission will search for ice in permanently shadowed polar craters.
Blue Origin launches 6 passengers on sub-orbital trip to space
It was the sixth crewed flight of Blue Origin's New Shepard sub-orbital spacecraft.
Space Force early warning satellite launched into orbit
The $1.2 billion SBIRS satellite is the sixth and final member of a space-based fleet of infrared early warning stations.
Latest Galleries
More Latest Galleries
The Circleville letters: You've got hate mail
An anonymous letter writer terrorizes a small town, threatening to expose their rumored dark secrets.
Timeline: The Jonelle Matthews case
Inside the case against Steven Pankey, a former political candidate who was tried for the kidnapping and murder of a Colorado 12-year-old.
The 50 most expensive colleges in America, ranked
These colleges come with a hefty price tag
Deadliest states for drug overdoses
CDC data reveals which U.S. state has the highest rate of drug overdose-related deaths per 100,000 residents.
The disappearance of Carole Baskin's then-husband Don Lewis
An inside look at the puzzling disappearance of the Florida millionaire
Latest Videos
More Latest Videos
Latest Videos
Rep. Perry's phone, inflation report & more
Republican Congressman Scott Perry, a Trump ally, says his phone was confiscated by the FBI. CBS News congressional correspondent Nikole Killion and Francesca Chambers, White House correspondent for USA Today, join "Red and Blue" to discuss that and other news from the White House and Capitol Hill.
Examining ongoing investigations related to Trump
CBS News' Lana Zak breaks down the different and ongoing investigations in multiple states and districts related to former President Donald Trump. They include an election interference case in Georgia and a tax returns case in Washington, D.C.
Trump invokes Fifth Amendment in N.Y. civil probe
Former President Donald Trump has invoked his Fifth Amendment right and refused to testify under oath. He was deposed by the New York Attorney General's office as part of its investigation into the Trump Organization's finances. CBS News chief election and campaign correspondent Robert Costa and former prosecutor Steve Baric join Lana Zak on CBS News to discuss.
Photographer captures pets' final moments
A photographer is helping capture the last moments between pet owners and their pets to help them through the grief of losing their animals. Janet Shamlian shares more.
N.Y. nears first primaries since redistricting
After a contentious redistricting process, New York is left with new congressional maps that leave some incumbents vying for the same seat. Michael Benny, an anchor at WTVH, speaks with Scott MacFarlane on "Red and Blue" about the Aug. 23 primary.