Watch CBS News
The big news last Friday was the shot Standard & Poor's fired across the bow of Great Britain by warning the British that their debt was on negative credit watch. This may raise the cost of government borrowing, which may raise interest rates for you. So if you're thinking of taking out a new loan, you may want to lock in today's low rates.
Social Security, Medicare, Medicaid, the PBGC and the list goes on of organizations that may not have the funds necessary to meet future obligations. But it's not as bad quite as it sounds. As long as institutions are reacting to the underfunding, then the numbers shouldn't concern you much. But if an institution fails to react to the underfunding, then you've got something to worry about.
While the recent economic data indicates inflation is under control, it doesn't mean investors should be complacent. With massive federal spending and deficits looming on the horizon, it's a good idea to think about how your retirement portfolio is positioned for a possible inflationary cycle. The key is to have a flexible fixed income portfolio.
The government just released the April Consumer Price Index figures. And in that data was a little gift to retirees: a bit of deflation. While many retirees get concerned about bear markets, the real threat to long term retirement security is inflation. So take some comfort in these numbers.
The annual Social Security Trust Fund Report was issued this week, and it's no surprise that the numbers look a little worse than they did last year. Given the state of the trust fund, how worried should you be about your Social Security benefit?
There's a lot of buzz in the media lately about the stock market's 30 percent rally off its March lows. But because of the big declines, the 30 percent rally has only returned about 13 percent of what the stock market was worth back in October 2007.
The collapse of the financial markets has many retirees worried about running out of money, and for good reason.The key to getting through this crisis is to cut the distributions from your retirement plan. Cutting your distributions by just one percent can significantly increase the odds of not running out of money.
Besides the global financial destruction caused by banks, banks charge lots of fees for basic banking services. I suggest you try your best to become a bad bank customer by avoiding fee generating bank services. Then take the savings, and contribute it to your retirement plan.
While the government is busy stress testing the banks, this is a good time for you to stress test your own finances. Even though the markets have improved lately, the economy is still getting worse. Hopefully, we are in a bottoming process, but if not, you need to be prepared if things get worse.
You've got plenty of time, so stop fretting about timing. Focus on the great long-term opportunity you've just been handed.
Torn between the need to rebuild your savings — before it's too late — and fear of another bear market? Relax. Here's your plan.
You're a smart investor and you're scared. Yes, the market has rallied dramatically since mid-March — but will it last? There's good reason to be skeptical, given the terrible shape of the economy and still unresolved credit crisis. Indeed, bear markets often feature brief, exhilarating surges. Rem...
While Congress is debating new rules for credit card companies,there is a harsh reality about credit cards that you can't escape. If you carry a balance, it's a high risk loan, so the terms will always be lousy no matter what Congress does.
Most people have no idea how much they may need to save for retirement. Understanding the retirement income distribution rule will give you a ballpark number for figuring out how much you need to save.
MoneyWatch's Eric Schurenberg debunks common myths about how to fatten up your retirement savings. And just how much money should you squirrel away? Here's a rule of thumb for calculating how big of a nest egg you'll need.
As the Trump administration signals hope for a possible deal, Iran says obstacles linger, and "frequent changes" in U.S. positions aren't helping.
"I think it's just disrespectful to those that I served with who didn't come back," a veteran suing to stop construction of the arch told CBS News.
California crews conducted an overnight operation at the Orange County site of a chemical leak in Garden Grove and said Monday that the threat of an explosion had been "eliminated" and was "off the table."
In his "Magnifica Humanitas" encyclical, Pope Leo warns that as civilization grapples with the power of AI, the main challenge is remaining "profoundly human."
Attorney General Todd Blanche said the ballroom is "being constructed for the physical safety and security of all Presidents, their families, staff, Foreign Dignitaries, and guests."
A draft memorandum includes a 60-day ceasefire extension and the halt of fighting on all fronts, sources say.
Veterans service officer Terrance O'Keefe put out a call from Massachusetts for a World War II veteran who needed a proper hero's send-off. When he arrived at the funeral, a line was already out the church door.
The WHO chief says there have been 220 suspected deaths in the ongoing Ebola outbreak as Ugandan health authorities report two new Ebola infections.
The thieves stole jewelry, high-end watches and souvenirs such as sports jerseys, among other belongings, police said.
A Dominican judge has ruled that Tampa Bay Rays shortstop Wander Franco is criminally responsible for the sexual and psychological abuse of a minor but will not serve a sentence.
Veterans service officer Terrance O'Keefe put out a call from Massachusetts for a World War II veteran who needed a proper hero's send-off. When he arrived at the funeral, a line was already out the church door.
Emergency crews raced overnight to prevent a tank holding a volatile industrial chemical from exploding at an aerospace facility in Southern California.
Here are the financial considerations to make when shopping for a new vehicle amid high car prices.
A draft memorandum includes a 60-day ceasefire extension and the halt of fighting on all fronts, sources say.
Here are the financial considerations to make when shopping for a new vehicle amid high car prices.
Most retail stores will be open for business on Memorial Day, while post offices will be closed. Here's what to know.
Economists say AI is reshaping the U.S. labor market by suppressing hiring even as overall job losses remain limited.
Rep. James Comer is requesting information from Kalshi and Polymarket on how the prediction markets guard against insider trading.
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.
A draft memorandum includes a 60-day ceasefire extension and the halt of fighting on all fronts, sources say.
Attorney General Todd Blanche said the ballroom is "being constructed for the physical safety and security of all Presidents, their families, staff, Foreign Dignitaries, and guests."
The Justice Department acknowledges it has removed from its website news releases about criminal cases related to the Jan. 6, 2021 riot, calling the information "partisan propaganda."
"I think it's just disrespectful to those that I served with who didn't come back," a veteran suing to stop construction of the arch told CBS News.
New Jersey Gov. Mikie Sherrill is asking ICE to let her inside the Delaney Hall detention center in Newark.
Angry residents of a town at the epicenter of the Ebola outbreak in eastern Congo attacked and burned a tent that was part of a health center where people are being treated for the virus.
Officials have increased the number of countries in Africa at risk for Ebola from three to 10. A third entry point is open for Americans traveling from certain high-risk countries back into the U.S. Holly Williams reports.
The tank at GKN Aerospace is estimated to contain 7,000 gallons of methyl methacrylate, a volatile chemical used to produce plastics.
The three workers, who fell ill in March and died in May, were "among the first known victims of the outbreak," the Red Cross said.
Lucia Adarve had a long list of symptoms that no one could diagnose. Her mother Lisa was determined to find an answer.
A Dominican judge has ruled that Tampa Bay Rays shortstop Wander Franco is criminally responsible for the sexual and psychological abuse of a minor but will not serve a sentence.
A draft memorandum includes a 60-day ceasefire extension and the halt of fighting on all fronts, sources say.
In his "Magnifica Humanitas" encyclical, Pope Leo warns that as civilization grapples with the power of AI, the main challenge is remaining "profoundly human."
The Mexican government announced the auction of a plot of land within the country club where drug kingpin "El Mencho" died during a clash with the army in February.
Seven Laotian villagers entered a cave five days ago searching for gold and were trapped inside after heavy rain triggered flash flooding.
The American Music Awards celebrate fan favorites in the music world and feature performances from multiple artists.
It's been some 50 years since Patti LaBelle first sang her hit song "Lady Marmalade." As she marks her 82nd birthday, LaBelle talks to correspondent Tracy Smith about her career and what's next.
Hosted by Lee Cowan. Featured: Concours d'LeMons, Iranian propaganda, Patti LaBelle.
Patti LaBelle said she's "having fun living it down" as the legendary singer marks her 82nd birthday.
Legendary singer Patti LaBelle has been performing for six decades. Correspondent Tracy Smith talks with LaBelle at her hometown of Philadelphia as she marks her 82nd birthday.
In his "Magnifica Humanitas" encyclical, Pope Leo warns that as civilization grapples with the power of AI, the main challenge is remaining "profoundly human."
Amid concern about AI taking jobs, people see a range of motives by AI companies.
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.
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.
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.
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.
The 2026 Atlantic hurricane season is quickly approaching, and the National Oceanic and Atmospheric Administration is releasing its forecast for what to expect.
The pictures represent the longest-distance ever seen between two pictures of the same humpback whale, researchers said.
Independent scientists say the technology, while impressive, lacks some components to be truly considered an artificial egg.
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.
A Dominican judge has ruled that Tampa Bay Rays shortstop Wander Franco is criminally responsible for the sexual and psychological abuse of a minor but will not serve a sentence.
21-year-old Nasire Best, the suspect linked to a shooting near the White House on Saturday, previously tried to gain access to the White House and may have had mental health issues, according to law enforcement sources and court documents. CBS News' Nicole Sganga reports.
The thieves stole jewelry, high-end watches and souvenirs such as sports jerseys, among other belongings, police said.
Daniel Sikkema faces a mandatory sentence of life in prison. Brent Sikkema was stabbed to death in his Rio de Janeiro townhouse in 2024.
The alleged gunman in Saturday's shooting at the White House had tried to gain access to the White House last year. Natalie Brand reports.
China has launched the Shenzhou 23 spacecraft with three astronauts heading to its space station.
Perfecting SpaceX's mammoth rocket will be critical to NASA's plans for returning astronauts to the surface of the moon.
The new rocket features a host of upgrades intended to improve safety and performance of the world's most powerful rocket.
Elon Musk's SpaceX is moving ahead with plans to go public in what some expect will be the biggest IPO ever.
The International Space Station-bound SpaceX Cargo Dragon is loaded with 6,500 pounds of needed equipment, research gear and crew supplies.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
In celebrations throughout the country, communities honored the lives of fallen U.S. service members. Jericka Duncan takes a look at the history of Memorial Day.
On this Memorial Day, we remember CBS News cameraman Paul Douglas and soundman James Brolan, who were killed 20 years ago by a car bomb in Iraq.
The U.S. military has been using artificial intelligence to process battlefield intelligence in real time. Chris Livesay observes a U.S. military training exercise in Morocco that's being shaped by AI.
Millions of drivers hit the road for a record-breaking Memorial Day travel weekend despite high gas prices. Meanwhile, three days of relentless rain in the northeast U.S. hampered travel plans. Skyler Henry has more.
Saturday's shooting near the White House has raised security concerns ahead of summer celebrations to mark America's 250th birthday. The shooter, who was killed after opening fire on a Secret Service checkpoint, had previously blocked a White House entry lane last June, court records show. Nicole Sganga reports.