Personal Finance Lessons From U.S. Downgrade
Excessive debt is the fastest way to lose control of your personal finances, so don't exceed your personal debt ratio.
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Excessive debt is the fastest way to lose control of your personal finances, so don't exceed your personal debt ratio.
The recent debt compromise calls for a bi-partisan committee to make recommendations to Congress by Thanksgiving for reducing entitlements, including Social Security and Medicare. Let's look at recent proposals to change Medicare, to see what this bi-partisan committee might recommend, and what you should do about potential changes.
Will Social Security be there when you retire? I get this question every time I talk with anybody about retirement planning. My answer: Yes! Read here to learn my reasons.
This self-employed mom would like to be putting aside money for retirement, but just can't find any extra cash in her budget. Jill Schlesinger has a simple trick that makes saving easier.
The recent debt compromise calls for a bi-partisan committee to make recommendations to Congress by Thanksgiving for reducing entitlements, including Social Security and Medicare. Let's look at recent proposals to change Social Security, to see what this bi-partisan committee might recommend, and how this might affect your retirement planning.
What does the debt deal mean for your retirement plans.
Generating a lifetime retirement income takes careful planning. Beware of receiving "free" advice from salespeople who may not have your best interests at heart. Read here for an insightful case study.
I've previously written about the potential threat of ruinous long-term care expenses, and my posts are full of strategies -- supported by facts and figures -- that can help you be prepared. But people often need personal stories to really "get it." Read here for some motivation to be prepared.
One of the biggest weaknesses of 401(k) plans is that they allow workers to cash out when they leave their employer or change jobs.
Are we hard-wired to make poor retirement choices? The famous Marshmallow Experiment that measured children's ability to delay gratification gives us fascinating insights into this question, and provides ideas to improve our retirement decision-making. Read here for details.
You can't always trust the answers you get on the phone from Social Security, but there's nothing terribly wrong with that. Read here to learn how to get the right answers.
Many retirement calculators do an adequate job of helping you decide how much to save when retirement is far in your future, say, when you're in your 20s, 30s, and 40s. When you get to your late 50s or early 60s, however, and you're trying to figure out exactly how and when you'll retire, you'll need more precision. And that's when many retirement calculators come up short. Read here to learn how to overcome five common flaws.
Retirement income annuities generate strong feelings from investors on both sides of the fence. You'll have to educate yourself and decide what fits.
It's not enough to prove that kids can and want to learn about budgeting and borrowing. The question now: does this kind of knowledge trump basic destructive impulses like the desire for instant gratification and peer acceptance? Here are 3 reasons to teach money to kids in school.
Workers who are automatically enrolled into their 401(k) are invested into a default fund and they need to know that these are not personalized for their specific situation or needs.
President Trump hosted Chinese President Xi Jinping for a state dinner, as the world's two most powerful countries grapple with a rivalry on advanced AI.
Sources tell CBS News that despite warnings about the vulnerability of the outpost in Kuwait, a commander opted not to rebase farther from Iran.
Reporters whose White House access was revoked were allowed to enter the complex again, hours after a judge ordered the Trump administration to restore their press credentials.
Benjamin Netanyahu focused on Iran, and on defending Israel's actions in Gaza and the West Bank amid condemnation from fellow leaders at the U.N.
The retiring North Carolina senator was critical of President Trump's reception of Chinese President Xi Jinping.
As Iran responds to Trump's threat of annihilation with its own warning of a possible "new front" in the war, global oil prices are rising again.
Ads promoting President Trump and paid for by American taxpayers are now airing on network and national cable.
The U.S. is trying to retrieve the parts, which were reported by Bloomberg News to be in China's possession.
President Trump is slated to speak on Tuesday in Washington at an event that features Elon Musk, Jensen Huang and others, according to invitation materials reviewed by CBS News.
Ten blocks away from the United Nations General Assembly, U.S. diplomats quietly kickstarted the expansion of the Abraham Accords from the 43rd floor of a midtown Manhattan office tower.
A look at the features for this week's broadcast of the Emmy-winning program, hosted by Jane Pauley.
Bob Pettit was an All-American at LSU before going on to the NBA, where he was an All-Star for each of his 11 seasons, all with the Hawks. He led them to the 1958 championship over the mighty Boston Celtics, the Hawks' lone title.
Caleb Flynn, a former "American Idol" contestant, is charged with killing his wife Ashley Flynn in February and then staging the crime scene.
Ads promoting President Trump and paid for by American taxpayers are now airing on network and national cable.
Workers in physically demanding jobs should be able to collect full Social Security retirement benefits at age 60, a Michigan lawmaker says.
Investors are increasingly nervous about rising inflation, which could require the Federal Reserve to hike interest rates.
Rates are "far more likely to go up than down by the end of the year," a senior economist at Realtor.com told CBS News.
The FDA has warned a major compounding pharmacy that it violated federal law by making copies of blockbuster weight-loss drugs in "inordinate amounts."
Hundreds of small businesses are using the prediction market to hedge against a range of business risks, according to Kalshi. Here's how.
Ten blocks away from the United Nations General Assembly, U.S. diplomats quietly kickstarted the expansion of the Abraham Accords from the 43rd floor of a midtown Manhattan office tower.
President Trump is slated to speak on Tuesday in Washington at an event that features Elon Musk, Jensen Huang and others, according to invitation materials reviewed by CBS News.
Sources tell CBS News that despite warnings about the vulnerability of the outpost in Kuwait, a commander opted not to rebase farther from Iran.
Ads promoting President Trump and paid for by American taxpayers are now airing on network and national cable.
The retiring North Carolina senator was critical of President Trump's reception of Chinese President Xi Jinping.
The FDA has warned a major compounding pharmacy that it violated federal law by making copies of blockbuster weight-loss drugs in "inordinate amounts."
In the latest episode of "Healthful," Dr. Jocelyn Wittstein, an orthopedic surgeon at Duke University School of Medicine, discusses what women should know about protecting their bones.
New research highlights common themes shared by people who found reasons to keep living through dark times.
Illinois Gov. JB Pritzker revealed to "CBS Mornings" that for the last two years he has been using a GLP-1 medication to lose weight.
As knowledge about genetics advances, some doctors say cancers should be defined by their mutations, not the tissues where they manifest.
Ten blocks away from the United Nations General Assembly, U.S. diplomats quietly kickstarted the expansion of the Abraham Accords from the 43rd floor of a midtown Manhattan office tower.
Sources tell CBS News that despite warnings about the vulnerability of the outpost in Kuwait, a commander opted not to rebase farther from Iran.
The retiring North Carolina senator was critical of President Trump's reception of Chinese President Xi Jinping.
The U.S. is trying to retrieve the parts, which were reported by Bloomberg News to be in China's possession.
Constable Jeff Smith was shot several times, suffering wounds to his head and torso, but continued fending off the attack until a second officer arrived.
Sylvester Stallone said he took a series of odd jobs to make ends meet before the bruised but unbowed Rocky Balboa.
Sylvester Stallone took on a series of odd jobs to make ends meet before becoming a Hollywood legend. He tells correspondent Tracy Smith about one of his wildest gigs. Watch more of their conversation this weekend on "CBS Sunday Morning."
Kim Kardashian and the producers of "Love Island" teamed up to create "Team Moms: Baseball," a new reality show exploring the cutthroat world of elite kids' sports. Kim Kardashian and producer Natalie Ento sat down with "Entertainment Tonight" host Nischelle Turner to explain more.
"CBS Mornings" shares an exclusive first look at the video for Taylor Swift's new single, "Patient Zero."
Taylor Swift announced her new single "Patient Zero" earlier this week, saying she has been "impatiently waiting" to announce that it will be out on Friday.
The Horowitz Andreessen Academy is offering students a college alternative focused on artificial intelligence. CEO Gagan Biyani joins CBS News to discuss the revolutionary idea.
Australia says an OpenAI model hacked a government website containing health information. CBS News' Jo Ling Kent reports.
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.
More details on alarming cases involving rogue AI models are emerging as President Trump meets with Chinese President Xi Jinping in Washington, D.C. Meanwhile, calls for regulation are growing louder. CBS News contributor Patrick McGee joins with more.
Australia's Prime Minister Anthony Albanese is fuming after an OpenAI model hacked a government website in June. CBS News' Ramy Inocencio breaks down the details on the historic attack.
Neuroscientists at Stanford University successfully grew human brain tissue inside mice in the hopes of further enabling the development of treatments for brain disorders. Stanford Medicine professor of psychiatry and behavioral sciences Dr. Sergiu Pasca, who led the study, joins CBS News to break down the findings.
Scientists have discovered a new species of wild cat for the first time in more than a century, a Bolivian researcher says.
The footage shows a female humpback whale staying close to the dead calf as it lies motionless on the seafloor, touching it with its head and fin.
Archaeologists say they've discovered the remains of a likely ancient Egyptian warhorse given an honorific burial more than 3,000 years ago.
Artificial intelligence technology is developing at an "exponential" rate, Anthropic CEO Dario Amodei told CBS News, calling the situation a "warning sign" for the industry that requires serious safeguards.
Constable Jeff Smith was shot several times, suffering wounds to his head and torso, but continued fending off the attack until a second officer arrived.
The operation "was conducted jointly with U.S. troops and the Drug Enforcement Administration (DEA)," Ecuador's interior minister said.
Concerns are growing over the potential misuse of automated license plate readers. Five police officers in Indianapolis are the latest to face criminal charges for allegedly using Flock cameras to track romantic partners and others.
The man is "accused of being an accessory to multiple murders through his activities there," prosecutors said.
Dr. Idris Evans, a physician and medical director from UPMC Children's Hospital in Pittsburgh, was killed in an overnight stabbing.
Scientists have discovered a crater on the moon that's bigger than the Roman Colosseum, the result of a powerful impact two years ago.
NASA's Roman Space Telescope launched shortly after daybreak from Kennedy Space Center and blazed toward an observation point 1 million miles away.
The $4.3 billion telescope is expected to discover tens of thousands of exoplanets while probing the nature of mysterious dark matter and energy.
President Trump plans to award the Congressional Space Medal of Honor to the crew of NASA's Artemis II mission in a ceremony Aug. 28.
The mission to save NASA's sinking space telescope has been called off, dooming the telescope to a fiery reentry later this year.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Dolly Parton, the country music legend who became a feminist icon, has died at the age of 80. Here is a look back at her life in pictures.
Sylvie Cachay was found dead in an overflowing bathtub at the exclusive Soho House in New York City on Dec. 9, 2010. A water leak at the hotel gave away a timeline that may have revealed her killer.
Summer is the time to enjoy live music, indoors and out. Scroll through our gallery of some of 2026's leading musical acts, featuring images by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
Patrick Clancy wrestles with grief and shares memories of his children in his first interview since his ex-wife Lindsay Clancy's murder trial ended without a verdict.
Trump hosts Xi Jinping at White House; Sen. Thom Tillis on elaborate Trump-Xi visit.
Week 3 of the NFL season kicks off on Thursday with the Atlanta Falcons heading to Wisconsin to face the Green Bay Packers. CBS Sports NFL analyst Mike Renner has more.
President Trump and first lady Melania Trump welcomed China's Xi Jinping and his wife to the White House for a state dinner on Thursday night. CBS News correspondent Natalie Brand has the latest.
A judge temporarily halted President Trump's ban on three media outlets on Thursday, citing due process concerns. CBS News legal contributor Jessica Levinson breaks down the constitutional questions.