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.
Congress agreed to raise the debt ceiling, averting what experts said could have been an economic crisis.
The president spoke less than 24 hours after the Senate approved the agreement in a bipartisan vote.
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 legislation now goes to President Biden's desk, pulling the nation back from the brink of a financial crisis.
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.
A majority of Democrats and a majority of Republicans voted in favor of the Fiscal Responsibility Act.
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.
The House passed the bill to raise the debt ceiling Wednesday. Now, the Senate will take it up.
CBS2's Cristian Benavides has more on what's in the deal.
The debt ceiling deal has cleared both chambers of Congress and is headed to the president's desk.
The House Democratic leader said he can guarantee the U.S. will not default on its debt.
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."
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.
After days of intense negotiations and weeks of talks, an agreement in principle has been reached to raise the debt ceiling.
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.
Cade Cunningham had 33 points and 12 rebounds and the Pistons beat the Knicks 100-94 on Monday night in Game 2 of their playoff series.
Francisco Lindor hit two more home runs and the Mets held off the Phillies 5-4 on Monday night in their first meeting this season.
José Ramírez hit a three-run homer in the third inning, helping the Guardians beat the AL-leading Yankees 6-4 on Monday night.
Some New Jersey residents who made the trip to the Vatican to get a glimpse of Pope Francis on Easter Sunday are now overwhelmed with sadness.
Pope Francis was from Argentina and at age 76 became the first South American pope.
Cade Cunningham had 33 points and 12 rebounds and the Pistons beat the Knicks 100-94 on Monday night in Game 2 of their playoff series.
Pope Francis was from Argentina and at age 76 became the first South American pope.
Simple words and gentle gestures -- that is how Long Islanders remember Pope Francis, a pontiff they loved and respected.
As the world mourns Pope Francis' death, CBS News New York's Tony Aiello looks back on the past 12 years covering the pope.
Transportation Secretary Sean Duffy warned Gov. Kathy Hochul "New York risks serious consequences" unless it stops collecting congestion pricing tolls.
Easter Sunday looks great, as the sun will stick around, but temperatures will be more more comfortable in the upper 60s.
The stock market's wild ride is having an impact on families who use a 529 college savings account, a tax-free way for parents to save for educational expenses.
The man who said his stepmother held him captive for two decades has released his first public statement.
Wind gusts between 30-45 mph will persist into Wednesday across the Tri-State Area
The UConn women's basketball team celebrated its NCAA championship with a victory parade Sunday in downtown Hartford.
Some New Jersey residents who made the trip to the Vatican to get a glimpse of Pope Francis on Easter Sunday are now overwhelmed with sadness.
A jury has convicted Nadine Menendez, the wife of convicted former New Jersey Sen. Bob Menendez, for her role in a years-long bribery scheme with her husband.
Transportation Secretary Sean Duffy warned Gov. Kathy Hochul "New York risks serious consequences" unless it stops collecting congestion pricing tolls.
Easter Sunday looks great, as the sun will stick around, but temperatures will be more more comfortable in the upper 60s.
A New Jersey woman says ICE arrested her husband during a routine meeting about his immigration status, though he has no criminal history.
Simple words and gentle gestures -- that is how Long Islanders remember Pope Francis, a pontiff they loved and respected.
Transportation Secretary Sean Duffy warned Gov. Kathy Hochul "New York risks serious consequences" unless it stops collecting congestion pricing tolls.
Easter Sunday looks great, as the sun will stick around, but temperatures will be more more comfortable in the upper 60s.
Investigators say they are not ruling anything out in the search for a Long Island couple missing since March 30.
The Trump administration says it is taking control of the $7 billion plan to renovate New York City's Penn Station and sidelining the MTA.
A jury has convicted Nadine Menendez, the wife of convicted former New Jersey Sen. Bob Menendez, for her role in a years-long bribery scheme with her husband.
Vice President JD Vance said he was "happy to see him yesterday," though he noted that Pope Francis "was obviously very ill."
President Trump released a statement after the Vatican announced Pope Francis' death on Monday.
Former President Joe Biden, who is Catholic, said Pope Francis was "unlike any who came before him," adding that "I am better for having known him."
The messages were sent the same day Hegseth shared similar details in a separate Signal chat that inadvertently included The Atlantic's editor-in-chief.
Doctors in New York City were able to save the lives of three children with one heart transplant. Here's how.
A grieving family in Queens wants answers after a young woman died two weeks after giving birth to twins. They believe it was due to complications with her C-section, but say the hospital is not giving them any answers.
A Long Island woman accused of forging vaccination records of students did not appear in court for her arraignment.
Is fluoride actually good or bad for you? Dr. Mallika Marshall answers common questions about fluoride.
Travelers who stopped at a New Jersey Turnpike service area in Middlesex County earlier this month may have been exposed to measles, state health officials say.
Sean "Diddy" Combs was back in court Friday as a judge denies to delay his sex trafficking and racketeering trial by two months.
The Frick Collection, housed in a luxurious Gilded Age mansion on Fifth Avenue, reopened after the museum's five-year renovation.
Nine jurors were picked Wednesday on the second day of jury selection in Harvey Weinstein's rape retrial.
Michelle Trachtenberg's death was initially undetermined but the medical examiner amended it after lab test results showed complications of diabetes mellitus.
Popular stand-up comedian Nate Bargatze has been named the host of the 77th Emmy Awards airing on CBS on Sept
Cade Cunningham had 33 points and 12 rebounds and the Pistons beat the Knicks 100-94 on Monday night in Game 2 of their playoff series.
Francisco Lindor hit two more home runs and the Mets held off the Phillies 5-4 on Monday night in their first meeting this season.
José Ramírez hit a three-run homer in the third inning, helping the Guardians beat the AL-leading Yankees 6-4 on Monday night.
Logan Stankoven scored two second-period goals as the Hurricanes beat the Devils 4-1 on Sunday to open their first-round Stanley Cup Playoffs series.
Max Fried lost a no-hit bid in the Yankees' 4-0 win over the Rays on Sunday just as the bottom of the eighth inning was about to start.
A computer training school in the Mott Haven section of the Bronx is looking for applicants for a coding fellowship.
After more than 10 years, the Ice Bucket Challenge is back. But this time, it's to raise awareness about mental health.
A Brooklyn-based developer is planning to make history by constructing the tallest Passive House skyscraper in the world in NYC.
Bronx residents are voicing their issues with the Department of Sanitation's compost enforcement and fines in NYC.
Linda Collazo is hoping music will help change the lives of children in the Bronx.
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.
Tens of thousands of people flooded Manhattan streets on June 2, 2024 for the 60th annual Israel Day on Fifth Parade.
The Francis Scott Key Bridge in Baltimore collapsed early Tuesday, March 26 after a column was struck by a container ship that reportedly lost power, sending vehicles and people into the Patapsco River.
The 50th Annual Village Halloween Parade drew massive crowds, celebrating the theme "Upside/Down:Inside/OUT."
CBS News New York's Rob Marciano says our next chance for rain may not happen until the weekend.
In 2015, Julia Bruzzese was a 12-year-old seeking a blessing from the pope. On Monday night, she told CBS News New York's Jenna DeAngelis how the spiritual encounter changed her life.
As CBS News New York's Naveen Dhaliwal reports, the grill that cooked the food hasn't been used since that day.
CBS News New York's Jennifer Bisram has more on how New Yorkers are honoring the pontiff, and reflecting on his legacy.
CBS News New York's Dick Brennan looks back on the pontiff's remarkable 12 years as the leader of the Catholic Church.
