Here's what the Fed's interest rate pause means for your money
After 10 straight interest-rate hikes, borrowers face sharply higher costs for credit cards, mortgages and other loans.
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After 10 straight interest-rate hikes, borrowers face sharply higher costs for credit cards, mortgages and other loans.
While President Biden called the debt ceiling bill a win, Republicans running for president in 2024 had a difference interpretation.
As President Biden celebrates the budget agreement, his potential 2024 GOP challengers are on the campaign trail.
President Biden delivered remarks from the Oval Office Friday night after Congress passed bipartisan legislation to suspend the U.S. debt limit until 2025. Watch his address in this CBS News Special Report, with analysis from Margaret Brennan and Nancy Cordes.
The president spoke less than 24 hours after the Senate approved the agreement in a bipartisan vote.
Congress agreed to raise the debt ceiling, averting what experts said could have been an economic crisis.
The debt ceiling deal has cleared both chambers of Congress and is headed to the president's desk.
The legislation now goes to President Biden's desk, pulling the nation back from the brink of a financial crisis.
The Senate passed legislation suspending the debt ceiling, sending the bill to President Biden's desk to avoid a U.S. government default that would have caused economic chaos.
The move suspends the nation's debt limit for two years. CBS2's Dick Brennan has the breaking details.
The House passed the bill to raise the debt ceiling Wednesday. Now, the Senate will take it up.
A majority of Democrats and a majority of Republicans voted in favor of the Fiscal Responsibility Act.
The House of Representatives voted Wednesday night to pass a bill that will suspend the debt limit and avoid a catastrophic default. It now heads to the Senate. CBS News congressional correspondent Scott MacFarlane reports from Capitol Hill.
Rep. Thomas Massie broke with two other conservatives on the House Rules Committee to advance the legislation to the House floor.
Congress stands at odds about the deal reached between President Biden and House Speaker McCarthy, but it must pass by June 5 to avoid the government defaulting on its bills.
President Joe Biden and House Speaker Kevin McCarthy announced late Saturday that they had reached an agreement in principle to raise the debt ceiling. Democratic House Minority Leader Hakeem Jeffries tells "Face the Nation" that he expects his caucus to vote for the deal because it "protects" Social Security, Medicare, Medicaid, veterans and the "American people."
CBS2's Cristian Benavides has more on what's in the deal.
After days of intense negotiations and weeks of talks, an agreement in principle has been reached to raise the debt ceiling.
The House Democratic leader said he can guarantee the U.S. will not default on its debt.
Congress will have to pass the deal to raise the country's debt limit and avoid a potential catastrophe for the economy.
President Joe Biden and House Speaker Kevin McCarthy reached the agreement just days before the default deadline. CBS2's Cristian Benavides reports.
With a June 5 deadline looming, negotiations are continuing in Washington this weekend. CBS2's Cristian Benavides reports.
The deadline to make a deal on the debt ceiling has been extended to June 5 as House Republicans and the Biden administration negotiate. Christina Ruffini has more.
Time is running short for House Republicans and the White House to reach an agreement on the debt ceiling to avoid default.
CBS News Business Analyst Jill Schlesinger is here to explain and share some tips to prepare.
The New York Islanders beat the Columbus Blue Jackets 4-3 on Saturday night for their fourth straight win.
Brian Anthony Moreland is a Tony Award-nominated producer who has worked on numerous hit shows and joins a short list of Black producers working on Broadway.
With the fate of Iran uncertain after Saturday's strikes by the United States and Israel, the shockwaves are being felt in the Tri-State Area.
The New Jersey Devils beat the St. Louis Blues 3-1 on Saturday to end a five-game losing streak.
Protests sparked up in New York City and across the country Saturday in response to the military strikes in Iran.
Brian Anthony Moreland is a Tony Award-nominated producer who has worked on numerous hit shows and joins a short list of Black producers working on Broadway.
With the fate of Iran uncertain after Saturday's strikes by the United States and Israel, the shockwaves are being felt in the Tri-State Area.
Protests sparked up in New York City and across the country Saturday in response to the military strikes in Iran.
Local leaders across New York are reacting to the U.S. and Israel's major military operation in Iran.
The NYPD says it will be stepping up patrols at sensitive locations throughout New York City after the United States and Israel launched strikes against the Islamic regime in Iran early Saturday morning.
The Tri-State Area's weekend is looking like a tale of two seasons with both snow and sunshine.
Another round of snow is impacting the Tri-State Area Wednesday, just after a major blizzard dumped more than 2 feet of snow in some parts of New York and New Jersey.
Pet owners should be extra cautious with their pets during and after the major winter snowstorm impacting the New York and New Jersey area.
Double-digit snow totals have been reported across New York, New Jersey and Connecticut as a major blizzard begins to wind down.
The storm has started to wrap up in New York City, New Jersey and beyond, with impressive snow totals left in its wake.
With the fate of Iran uncertain after Saturday's strikes by the United States and Israel, the shockwaves are being felt in the Tri-State Area.
Several hundred protesters in Roxbury, N.J., took to the street Saturday expressing outrage over plans to build an ICE facility in their town.
The Tri-State Area's weekend is looking like a tale of two seasons with both snow and sunshine.
Neighbors of a home displaying hateful symbols in Woodland Park, New Jersey, say they have complained to police, but authorities said while it's disgraceful, it's still protected speech.
John Shippen was a child of former slaves who found his way onto a golf course and made history there.
A driver who allegedly struck and critically injured a Nassau County Police crossing guard on Long Island appeared in court Friday.
Four people were injured in a crash on the Long Island Expressway Friday morning.
A Long Island man accused of burning down four homes in the Pocono Mountains was arrested in New York City with a truck full of nitrous oxide.
Nassau County DA Anne Donnelly said Wen-Lone Chou stockpiled parts and tested the guns he built in a makeshift shooting range in his Mineola basement.
A Long Island crossing guard is in critical condition after being hit while shoveling snow in Merrick, sources said.
President Trump posted on social media that Iranian Supreme Leader Ayatollah Ali Khamenei had been killed after a massive U.S. and Israeli military operation Saturday.
Local leaders across New York are reacting to the U.S. and Israel's major military operation in Iran.
Americans weighed in on how long a conflict with Iran might last and what Congress should do.
The NYPD says it will be stepping up patrols at sensitive locations throughout New York City after the United States and Israel launched strikes against the Islamic regime in Iran early Saturday morning.
Trump ally Sen. Lindsey Graham said the operation would be "violent, extensive and I believe, at the end of the day, successful."
For the first time in 30 years, the Food and Drug Administration has approved a new treatment for an inoperable type of pancreatic cancer.
NYSNA has reached a tentative contract agreement with NewYork-Presbyterian, signaling a potential end to the longest nurses strike in New York City history.
NYSNA ratified contracts with Montefiore and Mount Sinai, clearing the way for nurses to return to work Saturday after walking off one month ago.
The longest and largest nurses strike in New York City history is set to end after over three weeks as NYSNA says it has a tentative agreement.
Mount Sinai Health System and Anthem Blue Cross Blue Shield failed to reach a contract agreement by Dec. 31, which means about 9,000 physicians are no longer considered in-network.
Brian Anthony Moreland is a Tony Award-nominated producer who has worked on numerous hit shows and joins a short list of Black producers working on Broadway.
Pokémon fans across New York City waited in live for special events marking the franchise's 30th anniversary.
Singer-songwriter Neil Sedaka, known for his hits like "Laughter in the Rain," "Breaking Up is Hard to Do" and "Calendar Girl," has died.
Streaming giant Netflix declined to match Paramount Skydance's $31 per share offer for Warner Bros. Discovery.
Harvey Weinstein has hired Luigi Mangione's and Sean "Diddy" Combs' lawyers to represent him at his third New York rape trial.
The New York Islanders beat the Columbus Blue Jackets 4-3 on Saturday night for their fourth straight win.
The New Jersey Devils beat the St. Louis Blues 3-1 on Saturday to end a five-game losing streak.
Julian Hall scored to lead the New York Red Bulls in a 1-0 victory over the New England Revolution on Saturday.
The New York Rangers rallied to defeat the Pittsburgh Penguins 3-2 on Saturday.
The New York Knicks routed the Milwaukee Bucks 127-98 on Friday night.
The National Dance Institute in Harlem hosts a special camp twice a year to bring together dancers with and without special needs for a dance camp, proving anyone can take center stage.
Could New York City's harsh winter weather end up curbing the number of rats? Here's why experts are saying don't count on it.
A Jewish congregation in Brooklyn is fighting to save their historic house of worship.
Harlem's Lafayette Theatre is believed to be the first major New York City theater to desegregate, just a year after its opening.
Multiple rezonings in Queens are paving the way for tens of thousands of new units, but some residents worry about how it could affect their communities.
The Halloween tradition strolled through Manhattan's East Village on Sunday, with furry friends dressed in colorful costumes.
A suspect was taken into custody after an attack on Pearl Street Mall in Boulder on June 1 in which there were 15 people and a dog who were victims. The suspect threw Molotov cocktails that burned some of the victims, who were part of a march for Israeli hostages.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Dogs got decked out for the annual Tompkins Square Halloween Dog Parade in New York City's East Village on Saturday.
Cosplayers flooded New York City's Javits Center in October 2024 for the annual New York Comic Con convention.
CBS News New York's Vanessa Murdock has your weather forecast for February 28 at 11 p.m.
Iran has vowed revenge against the United States and Israel after the Iranian supreme leader was killed in a massive military operation. CBS News New York's Dick Brennan, Naveen Dhaliwal, Andrew Ramos, Mahsa Saeidi and Marcia Kramer report.
The military strikes on Iran has sparked a debate on Capitol Hill about whether President Trump should have waited for Congress to authorize the attack. CBS News New York political reporter Marcia Kramer says the reaction is predictably breaking down along partisan lines.
Iran's uncertain future is sending shockwaves around the world, including right here in New York. CBS News New York's Mahsa Saeidi spoke to Iranians about their concerns and hopes.
Protests broke out across the country over the military action in Iran, many voicing concerns about the United States getting involved in yet another armed conflicted in the Middle East. CBS News New York's Andrew Ramos was in Times Square for a rally that drew hundreds of people.
