Austerity Is Coming, One Way Or Another
One way or another, we'll need to face a period of austerity, but you've got a choice in how you handle it.
Retirement
How Compound Interest Boosts Savings
Compound interest is the heart of long-term financial planning. New research shows that understanding how it works is one of five core competencies that lead to wealth. Here's a video and a short story to explain it all.
Using a Variable Annuity to Increase Your Retirement Income
Look beyond the bad press on variable annuities, and consider variable immediate annuities as a viable way to increase your retirement income security and protect against inflation.
Deficit Commission Proposals: What They Could Mean for Your Retirement
The U.S. Deficit Commission released its official report on December 1st, and it included a far-reaching range of recommended spending cuts and tax changes that will significantly affect all Americans -- especially their retirements.
Top 5 Money Lessons for Older Kids
New research shows that long-term financial security is closely linked to how well young adults understand five basic financial concepts. I'll present them in a series of six posts, including short videos that explain everything in simple terms.
Tips: Can be a Taxing Matter
When most folks think about tipping, they think cash is king. But it's not always appropriate to give cash to everyone on your list.
3 Big Myths About Social Security
Social Security is in the news again, due to cost-saving recommendations from the deficit commission. Once again we'll hear the usual cynical or misinformed myths about these programs that just aren't true.
Kardashian Kard KO: What We Learned
The Kardashian Kard kollapsed under the weight of outlandish fees and a wave of negative media attention. But there are other reloadable debit cards out there which are just as costly. Let's thank the Kardashian sisters for a sorely needed wake-up kall.
Shopping vs. Saving: Here Are The Rules
You can't afford to let the Holidays derail your retirement savings goals. So here are a couple of holiday shopping rules to help you stay on track for retirement.
Kids and Money: Fun Games That Teach
Bite Club, an online game due out any day, generated a lot of enthusiasm at the first meeting of the Financial Literacy Research Consortium. The key: it's free, fun and seems to work.
Home for the Holidays: Lessons in Money and Life
When college students come home for a visit they often bring (hopefully modest) money problems along for the ride. The Bank of Dad just got a full dose. Here's why experience is the best teacher.
An IRA and 401k Retirement Income Road Map
How do you pick a method for generating retirement income from your retirement savings? That depends on how you want to balance a number of objectives. To help you craft a plan that's all your own, here's a road map that shows you how to meet your retirement income goals.
The Week Ahead
The markets in the week ahead will be closely tracking the behavior of shoppers in U.S. malls and investors in Europe's bond markets. It will be an interesting week.
5 Financial Reasons to Be Thankful
There are a lot of sentimental reasons to be thankful for this season, and you don't need us to explain them to you. Instead, let us give you five hard-headed financial things you would do well to appreciate.
Thanksgiving Blessings: Another Look at Family 'Burdens'
It's admirable that people don't want to burden their families, so it's well worth your efforts to take the necessary planning steps. But when a family member needs help, it can strengthen family ties and bring people closer. As Thanksgiving approaches, let's consider how to turn burdens into blessings. Let's explore a complimentary point of view, which is entirely appropriate as Thanksgiving approaches. When a family bands together to help one of its own, it can strengthen family ties and bring people closer.
U.S. prepares for new military strikes against Iran
At the same time, Tehran is reviewing the latest U.S. proposal for a possible agreement to end the nearly three-month war.
Tulsi Gabbard resigning as intel chief, citing husband's cancer diagnosis
Tulsi Gabbard is resigning as the director of national intelligence after her husband was diagnosed with a rare form of bone cancer.
Over 40,000 evacuated in California chemical leak as officials warn tank may explode
Southern California officials have expanded evacuations in several Orange County cities due to concerns over a leaking toxic chemical tank that they say is "actively in crisis."
Live
Rubio says Iran imposing tolls on Strait of Hormuz "not acceptable"
The secretary of state tempered optimism for a deal to end the Iran war, calling Iran's bid to "create a tolling system" in the Strait of Hormuz "not acceptable."
Cruz says Blanche faced "full-on revolt" over DOJ fund at meeting with GOP senators
The GOP senator said the meeting included "screaming," adding that "fiery does not begin to cut it."
Judge tosses federal charges against Kilmar Abrego Garcia
A federal district judge granted Kilmar Abrego Garcia's motion to dismiss two criminal charges on the grounds his prosecution was vindictive and selective.
Trump administration to require most green card applicants to leave U.S. first
The Trump administration on Friday announced a sweeping policy designed to make it harder for immigrants already in the U.S. to get permanent residency.
Kyle Busch was coughing up blood a day before his death, 911 call reveals
Kyle Busch's cause of death has not been given, though his family said earlier the NASCAR icon had been hospitalized with a "severe illness."
Bodies of divers who died in Maldives scuba accident returned to Italy
The remains of four Italian divers who died deep inside an underwater cave have been repatriated. One other set of remains was returned earlier this month.
U.S.
More U.S.
How some U.S. schools are teaching kindness classes
Kindness 101 is a program that uses the stories CBS News finds in our "On the Road" series to teach kindness and character. The stories are paired with lesson plans created by a nonprofit at Iowa's Drake University called "Character Counts!"
SpaceX launches more powerful Super Heavy-Starship rocket
Perfecting SpaceX's mammoth rocket will be critical to NASA's plans for returning astronauts to the surface of the moon.
U.S. prepares for new military strikes against Iran
At the same time, Tehran is reviewing the latest U.S. proposal for a possible agreement to end the nearly three-month war.
AI is driving more job cuts and weighing on hiring, economists say
Economists say AI is reshaping the U.S. labor market by suppressing hiring even as overall job losses remain limited.
Kyle Busch was coughing up blood a day before his death, 911 call reveals
Kyle Busch's cause of death has not been given, though his family said earlier the NASCAR icon had been hospitalized with a "severe illness."
MoneyWatch
More MoneyWatch
AI is driving more job cuts and weighing on hiring, economists say
Economists say AI is reshaping the U.S. labor market by suppressing hiring even as overall job losses remain limited.
House lawmakers launch insider trading probe into Kalshi and Polymarket
Rep. James Comer is requesting information from Kalshi and Polymarket on how the prediction markets guard against insider trading.
Kevin Warsh sworn in as new Fed chair, replacing Powell
Kevin Warsh has vowed to preserve the Fed's independence over monetary policy, telling lawmakers he will never "predetermine" interest rates at the president's request.
This factor may determine whether you get rich. You don't control it.
Landing a good-paying job may not be enough to buy a home. A new study finds family wealth plays an outsized role in who becomes a homeowner.
Why Google's Gemini Spark AI agent could be a game changer
AI tools that autonomously perform tasks for users mark a major step forward from chatbots, according to tech experts.
Politics
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Cruz says Blanche faced "full-on revolt" over DOJ fund at meeting with GOP senators
The GOP senator said the meeting included "screaming," adding that "fiery does not begin to cut it."
U.S. prepares for new military strikes against Iran
At the same time, Tehran is reviewing the latest U.S. proposal for a possible agreement to end the nearly three-month war.
Exclusive
CIA director brought paramilitary leader involved in Maduro capture to Cuba meeting
When CIA Director John Ratcliffe visited Havana last week to meet with senior Cuban officials, he brought along one of the covert operators involved in the mission to capture Nicolás Maduro, multiple people familiar with the matter said.
Judge tosses federal charges against Kilmar Abrego Garcia
A federal district judge granted Kilmar Abrego Garcia's motion to dismiss two criminal charges on the grounds his prosecution was vindictive and selective.
Trump administration to require most green card applicants to leave U.S. first
The Trump administration on Friday announced a sweeping policy designed to make it harder for immigrants already in the U.S. to get permanent residency.
HealthWatch
More HealthWatch
Teen's mystery illness solved: "It took 18 years to get an answer"
Lucia Adarve had a long list of symptoms that no one could diagnose. Her mother Lisa was determined to find an answer.
Ebola "spreading rapidly" in the Congo with national risk "very high"
The head of the World Health Organization says Ebola has killed at least 7 people in Congo, but the U.N. agency says it knows the epidemic "is much larger."
New weight-loss drug Retatrutide in trials
A new weight-loss drug, so new it is not on the market yet, is showing promising results in trials, doing much more than what current medications can. Dr. Jon LaPook breaks it down.
U.S. steps up Ebola prevention efforts
The U.S. is stepping up efforts to prevent Ebola from entering the country through its airports, with one flight diverted to Canada on Wednesday evening. Ian Lee reports from Detroit.
U.S. doctor with Ebola feared he "wasn't going to make it" before evacuation
Dr. Peter Stafford was working with the missionary group Serge in Congo when he was infected with Ebola.
World
More World
Bodies of divers who died in Maldives scuba accident returned to Italy
The remains of four Italian divers who died deep inside an underwater cave have been repatriated. One other set of remains was returned earlier this month.
Coal mine explosion in China kills 90 people, state media say
The incident marks China's deadliest mining accident in years.
U.S. prepares for new military strikes against Iran
At the same time, Tehran is reviewing the latest U.S. proposal for a possible agreement to end the nearly three-month war.
Fake political party led by an AI cockroach overruns Indian politics
The satirical "Cockroach Janta Party" calls itself a "political front of the youth, by the youth, for the youth." India's government may be trying to squash it.
NATO allies welcome Trump's turnaround on Poland troop deployment
Trump says 5,000 U.S. troops will head for Poland, a week after the White House said a planned deployment of 4,000 was being nixed.
Entertainment
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Entertainment
The movies to tune in for this summer
Disney's latest addition to the Star Wars franchise, "The Mandalorian and Grogu," is kicking off the summer slate of blockbusters. Some other highly-anticipated movies that will be tested at the box office this summer are Steven Spielberg's "Disclosure Day," "Toy Story 5" and "Supergirl." Lucas Shaw, managing editor for media and entertainment at Bloomberg News, joins "The Daily Report" to discuss.
Rob Base, rapper on classic hip-hop track "It Takes Two," dies at 59
Rob Base, the MC whose lyrics lit up the dancefloor classic "It Takes Two" and got countless people moving worldwide, passed away Friday.
Weenie 500 winners relish first-place finish
The Indianapolis 500 is this Memorial Day Weekend, kicked off by the second annual Weenie 500. "Cook 'Em Cam" and "Jack and Cheese," whose New York dog won the race, join CBS News to discuss.
New movies to watch this summer
Major franchises are bringing new movies to a theater near you this summer. Fandango's Erik Davis joins with more.
Britney Spears argument, DUI arrest on video
A newly released video shows the California Highway Patrol's March 4, 2026, DUI arrest of pop star Britney Spears in Ventura County, California. Officers indicated they smelled alcohol on Spears and conducted a field sobriety test before she was placed in the back of a patrol car and taken to a hospital for a blood test to check for drugs. Spears voluntarily checked herself into rehab in April and pleaded guilty to reckless driving.
Technology
More Technology
CBS News poll finds most doubt government will ensure AI used appropriately
Amid concern about AI taking jobs, people see a range of motives by AI companies.
Ring founder on the Fire Watch feature
As thousands evacuate their homes in Southern California to flee the Sandy Fire, Ring doorbell and security cameras are helping residents and emergency crews stay informed and stay safe. Ring founder Jamie Siminoff joins CBS News to discuss the Fire Watch feature.
How AI powered robots are helping small farms
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
Stanford student on how AI impacted his class
A recent opinion piece in The New York Times spotlighted the impact of artificial intelligence on the 2026 graduating class at one of the world's most prestigious universities. The author, Stanford student Theo Baker, joins to discuss.
Why Google's Gemini Spark AI agent could be a game changer
AI tools that autonomously perform tasks for users mark a major step forward from chatbots, according to tech experts.
Science
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Science
What we know about new UFO file release
The Pentagon has released another batch of never-before-seen files on reported UFO sightings. CBS News senior national security correspondent Charlie D'Agata reports.
Atlantic hurricane season is coming up. Here's what NOAA predicts.
The 2026 Atlantic hurricane season is quickly approaching, and the National Oceanic and Atmospheric Administration is releasing its forecast for what to expect.
2 humpback whales swam record-breaking distance, photos reveal
The pictures represent the longest-distance ever seen between two pictures of the same humpback whale, researchers said.
Live chicks hatched from artificial eggshell, biotech company says
Independent scientists say the technology, while impressive, lacks some components to be truly considered an artificial egg.
El Niño could bring "double whammy" of high tide flooding, NOAA warns
The upcoming El Niño could trigger frequent and widespread flooding in coastal areas around the United States, even when storms aren't actively taking place, scientists warn.
Crime
More Crime
Crime
Lawyers shot outside North Carolina courthouse
In Raleigh, North Carolina, a woman's civil case turned into a criminal one after police said she shot two lawyers outside a courthouse. Both were hospitalized. Skyler Henry reports.
Ivey and Ellison on 6 years since Floyd murder
Six years after his murder in Minneapolis, and despite passing the House twice, the George Floyd Justice in Policing Act remains stalled in the Senate. Some lawmakers are hoping to change that. Democratic Rep. Glenn Ivey of Maryland and Minnesota Attorney General Keith Ellison join to reflect on the state of police reform.
Mosque attack was streamed online
The deadly attack at the Islamic Center of San Diego was streamed online, and at least three people watched as two teenagers attacked the facility filled with young students, CBS News' Anna Schecter reports.
Britney Spears argument, DUI arrest on video
A newly released video shows the California Highway Patrol's March 4, 2026, DUI arrest of pop star Britney Spears in Ventura County, California. Officers indicated they smelled alcohol on Spears and conducted a field sobriety test before she was placed in the back of a patrol car and taken to a hospital for a blood test to check for drugs. Spears voluntarily checked herself into rehab in April and pleaded guilty to reckless driving.
Britney Spears argued with police during DUI arrest, footage shows
Pop star Britney Spears said she was "totally fine" to drive and had not had a drink for about six hours when she was pulled over by the California Highway Patrol.
Space
More Space
SpaceX launches more powerful Super Heavy-Starship rocket
Perfecting SpaceX's mammoth rocket will be critical to NASA's plans for returning astronauts to the surface of the moon.
SpaceX launch of more powerful Super Heavy-Starship rocket scrubbed at last minute
The new rocket features a host of upgrades intended to improve safety and performance of the world's most powerful rocket.
SpaceX to explore "the true nature of the universe" as it plans IPO
Elon Musk's SpaceX is moving ahead with plans to go public in what some expect will be the biggest IPO ever.
SpaceX launches cargo ship to International Space Station
The International Space Station-bound SpaceX Cargo Dragon is loaded with 6,500 pounds of needed equipment, research gear and crew supplies.
NASA maps show Earth's brightest and darkest regions at night
Researchers expected to find "a gradual increase in artificial light at night," but instead saw "much more nuanced patterns," NASA said.
Latest Galleries
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Notable Deaths in 2026
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Evidence in the Barbara Kendhammer case
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
The life & near death of prizefighter Christy Salters-Martin
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Who is Alix Tichelman?
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Latest CBS News Videos
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Latest CBS News Videos
Listen: The final moments of CBS News Radio
On Friday, May 22, 2026, CBS News Radio signed off after nearly a century on the air. Christopher Cruise anchored the final newscast and special report.
The weather heading into Memorial Day weekend
CBS News meteorologist Rob Marciano has the weather forecast as the U.S. heads into Memorial Day weekend.
The Memorial Day sales to look out for
A recent survey from digital savings platform Retail Me Not found 54% of respondents plan to shop Memorial Day weekend sales this year, up 36% from last year. But the survey found the amount people plan to spend has dropped a whopping 70% from last year. Consumer savings expert Andrea Woroch has more.
Is the DOJ independent of the president?
This week, the Justice Department created a so-called "anti-weaponization fund" as part of a settlement between President Trump and his own federal government over the leaking of his tax returns. The settlement also includes a pledge from the IRS that it will not pursue any legal claims it may have against Mr. Trump, his family and his companies. CBS News legal contributor Jessica Levinson has more.
The movies to tune in for this summer
Disney's latest addition to the Star Wars franchise, "The Mandalorian and Grogu," is kicking off the summer slate of blockbusters. Some other highly-anticipated movies that will be tested at the box office this summer are Steven Spielberg's "Disclosure Day," "Toy Story 5" and "Supergirl." Lucas Shaw, managing editor for media and entertainment at Bloomberg News, joins "The Daily Report" to discuss.