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.
Disgraced former Congressman George Santos has agreed to pay $35,000 to settle a federal investigation into his suspicious trades on the prediction marketplace Kalshi.
Kyle Stowers homered for the second straight night Friday, powering the Marlins to a 5-2 win over the Mets.
Toronto FC earned a 1-1 draw with New York City FC at Yankee Stadium on Friday night, but saw its winless streak reach 11 matches.
New York City's Summer Streets celebration returns to Manhattan on Saturday for the 2026 season.
There's been a report of a bigfoot sighting near the Pachaug State Forest in Connecticut.
Disgraced former Congressman George Santos has agreed to pay $35,000 to settle a federal investigation into his suspicious trades on the prediction marketplace Kalshi.
New York City's Summer Streets celebration returns to Manhattan on Saturday for the 2026 season.
For some Long Island families, the cost of supplies, clothes and other back-to-school essentials is becoming a growing challenge.
Doctors in Suffolk County have reported three cases of a rare tick-borne disease known as rabbit fever so far this summer. A 9-year-old boy shared his experiences with the illness.
There are new questions about who's looking out for New York City's children after a Bronx mother and grandmother were charged in the death of a teenager with autism.
There's been a report of a bigfoot sighting near the Pachaug State Forest in Connecticut.
Heavy rain is complicating efforts to recover a teenage boy from the West River in New Haven. Strong currents and an increased flow have made the job even more difficult.
It's another rainy day in the Tri-State Area with a flood watch for parts of New York and Connecticut.
There was a tornado warning in Sussex and Warren Counties in New Jersey as more severe weather passed through our area.
Weather conditions go downhill Tuesday and Wednesday with rain and potentially strong storms on deck for the New York area.
The body of a missing girl was found in the Passaic River in New Jersey after a two-day search, officials said.
A New Jersey police department is getting creative when it comes to cracking down on distracted drivers.
Three children were swept into the Passaic River Wednesday night. A little boy was later found dead, and a young girl is still missing.
Three kids entered the Passaic River Wednesday night. A little boy was later found dead, and investigators are still searching for one of the girls.
A CBS News Philadelphia investigation found Trenton police use-of-force incidents have increased in 2026 despite the department earning state accreditation.
Some homeowners on Long Island say teenage pranks have escalated into vandalism. A game of ding-dong ditch is keeping residents up at night and, in at least one case, has done damage. CBS News New York's Carolyn Gusoff reports.
For some Long Island families, the cost of supplies, clothes and other back-to-school essentials is becoming a growing challenge.
Doctors in Suffolk County have reported three cases of a rare tick-borne disease known as rabbit fever so far this summer. A 9-year-old boy shared his experiences with the illness.
For some Long Island families, the cost of supplies, clothes and other back-to-school essentials is becoming a growing challenge. CBS News New York's John Dias reports.
Doctors in Suffolk County have reported three cases of a rare tick-borne disease known as rabbit fever so far this summer. CBS News New York's Jennifer McLogan reports.
A Brooklyn grandmother went to the dentist hoping to fix her smile. Instead, her daughter says she lost her teeth, her health, and her independence.
President Trump said Todd Blanche will remain acting attorney general as a holdup on his nomination continues.
Republican New York gubernatorial candidate Bruce Blakeman is deploying a campaign strategy that echoes the national GOP playbook — attack Mayor Zohran Mamdani.
Dr. Anthony Fauci appeared before the Senate to testify on the origins of the COVID-19 pandemic but invoked his Fifth Amendment rights in answering all questions.
Letters have been sent to thousands of New York City homeowners, stating they may have to pay the new controversial pied-à-terre tax. But some residents say they shouldn't be on that list.
The source of exposure for the Legionnaires cluster on Manhattan's Upper East Side has been eliminated, according to the New York City Health Department.
A seventh person has died from Legionnaires' disease in connection with the Upper East Side cluster, New York City's health commissioner said Thursday.
Thirty-four cooling towers at 33 buildings on the Upper East Side tested positive for live Legionella bacteria, the New York City Health Department announced Tuesday.
An attorney representing an Upper East Side woman whose husband just died from Legionnaires' disease is planning to take legal action.
Studies show older adults are among the safest drivers on the road, but crashes involving seniors are on the rise.
A new Broadway show based on Prince's movie and album "Purple Rain" will take the stage at Broadway's Majestic Theatre in March.
Carly Simon, the singer known for 1970s hits like "You're So Vain," announced she has Parkinson's disease and also was treated for basal cell carcinoma.
Paramount Skydance on Friday said it would delay the deal until as late as June 2027.
Madonna, Justin Bieber, BTS and Shakira each brought a bit of one of their hits to the World Cup's first halftime show in a whirlwind performance Sunday that also squeezed in Burna Boy, Ted Lasso and many Muppets.
Brenda Fricker won an Academy Award for 1989's "My Left Foot," played the Pigeon Lady in "Home Alone 2" and appeared in "A Time to Kill" and "So I Married an Axe Murderer."
Kyle Stowers homered for the second straight night Friday, powering the Marlins to a 5-2 win over the Mets.
Toronto FC earned a 1-1 draw with New York City FC at Yankee Stadium on Friday night, but saw its winless streak reach 11 matches.
Will Warren pitched four-hit ball into the seventh inning, Amed Rosario and rookie Spencer Jones each homered and the New York Yankees beat the Chicago Cubs 2-0.
Luis Robert Jr. had a two-run single to cap an eighth-inning rally in the Mets' 4-2 victory over the Marlins on Thursday night.
Tristan Peters drew a bases-loaded walk in the 11th inning to force in automatic runner Chase Meidroth and the Chicago White Sox edged the Yankees 2-1.
Parents in Harlem say their children's walk to summer camp is littered with trash, illegal dumping and a growing encampment.
A specialized program from God's Love We Deliver is serving nearly 400 veterans with medically tailored meals, while helping combat isolation and ease the challenges of life after military service.
The Newtown Creek Alliance community science project gives students hands-on experience monitoring the health of one of the most polluted waterways in the U.S.
The FIFA World Cup is delivering a business boost for many bars and restaurants across New York City, but not every industry is seeing the same payoff.
Two Upper West Side children went on a mission to visit 40 playgrounds in one day, hoping to set a record.
People dressed in elaborate headgear and paraded up Fifth Avenue for New York City's Easter Sunday tradition.
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.
The annual Easter Parade and Easter Bonnet Festival was held in Manhattan on April 20, 2025.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
CBS News New York's Scott Padgett has your First Alert Forecast for July 31 at 11 p.m.
The Intrepid Museum continued its summer movie series Friday night with a showing of "National Treasure."
Disgraced former New York Congressman George Santos has agreed to pay $35,000 to settle a federal investigation into suspicious trades.
Saturday marks six months since the disappearance of Nancy Guthrie. Friday, a pair of emails were released, believed to be sent by the kidnappers after she was taken. CBS News New York's Dick Brennan reports.
A Bronx community wrapped their arms around a grieving family Friday night at a vigil for 12-year-old Jacob Freytes, who was killed in a stray bullet shooting last weekend. CBS News New York's Jennifer Bisram reports.
