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.
Jake Rogers hit a tiebreaking two-run homer off Jefry Yan with two out in the ninth inning, and the Chicago White Sox topped the New York Mets 6-4.
Interfaith leaders and the NYPD commissioner addressed the Central Synagogue congregation Friday night, marking one week since police say a man disrupted Shabbat services there.
The New York Yankees beat the Toronto Blue Jays 3-1 on Friday night for their fifth straight victory.
Geno Smith threw for a touchdown during a brief preseason appearance and the New York Jets defeated the Pittsburgh Steelers 17-0.
The 2026 New York City Summer Streets season comes to an end Saturday with festivities in Brooklyn and the Bronx.
Interfaith leaders and the NYPD commissioner addressed the Central Synagogue congregation Friday night, marking one week since police say a man disrupted Shabbat services there.
The 2026 New York City Summer Streets season comes to an end Saturday with festivities in Brooklyn and the Bronx.
Zero-proof beverages are having a moment, especially at Westchester County's first "spirit-free bottle shop."
Multiple people in one Queens neighborhood say their homes are repeatedly getting flooded out when storms hit.
The Milleridge Inn in Jericho went up in flames Thursday night. It's a piece of Long Island history. The main restaurant dates all the way back to 1672.
Friday's quiet weather was a much-needed respite from a tumultuous weather day on Thursday, but it won't last long.
Rainy weather returns to the New York City area Sunday, bringing with it the threat of flooding.
Bayonne, New Jersey, is heading to the Little League World Series after beating Darien, Connecticut, in the Metro Region Tournament on Friday.
We're in great shape on this Friday as we gear up for another weekend.
The potential for severe storms and downpours returns to the Tri-State Area Monday as sweltering temperatures continue.
The undefeated Bayonne, New Jersey, all-star Little Leaguers beat West Chester, Pennsylvania, on Friday night in their second game in the Little League World Series.
Friday's quiet weather was a much-needed respite from a tumultuous weather day on Thursday, but it won't last long.
Bayonne is still riding the high from Wednesday night's Little League World Series game, where the boys beat Massachusetts 2-1.
Bayonne, New Jersey, is advancing to the next round of the Little League World Series.
Researchers say an alarming study on cognitive decline is specific to the African American community in Newark, New Jersey.
The clean-up at a Long Island beach club after Thursday's tornado will take some time. CBS News New York's Adi Guajardo reports.
The Milleridge Inn in Jericho went up in flames Thursday night. It's a piece of Long Island history. The main restaurant dates all the way back to 1672.
Hundreds of people were near the Sun & Surf Beach Club in Atlantic Beach when a tornado hit.
It's a piece of Long Island history, dating back centuries. It's one of the oldest operating restaurants in America - the main restaurant dates all the way back to 1672. CBS News New York's John Dias reports.
The tornado hit the Sun and Surf Beach Club at around 6:50 p.m. Thursday. CBS News New York's Carolyn Gusoff reports.
A federal appeals court said the top federal prosecutor in the Northern District of New York was unlawfully serving when he subpoenaed state Attorney General Letitia James.
A New York woman is accused of plotting "a major attack" on the state Capitol building in Albany, authorities said Thursday.
The Democratic National Committee is on the hunt for the best host city for the 2028 Democratic convention.
As we approach the 25th anniversary of the Sept. 11, 2001, terror attacks, there is an ongoing fight to repair Jersey City's memorial for the victims.
President Trump said Tuesday that the U.S. and Canada have reached a last-minute agreement to pause the 50% tariffs.
A New Yorker has tested positive for West Nile virus, the city health department announced Wednesday.
Researchers say an alarming study on cognitive decline is specific to the African American community in Newark, New Jersey.
Moderna and Merck announced study results that reflect a "landmark moment" in treatment for one of the deadliest forms of skin cancer.
Two more deaths have been reported in connection to the Legionnaires' disease cluster on the Upper East Side, health officials said Friday.
Jones Beach is back open for swimmers after it was prohibited due to elevated bacterial levels. The rare shutdown took place from Thursday afternoon through midday Friday.
"Today, Elwood and I lost a great friend and collaborator, and the world lost one of the most naturally innovative drummers and a great and true son of Texas," ZZ Top's Billy Gibbons said in a statement.
Brian Hickerson and his brother, Zach, made the 911 call that brought first responders to the apartment where Hayden Panettiere was found unresponsive.
Hayden Panettiere, who starred in "Remember the Titans" as a child actor and rose to fame in the series "Heroes," has died at the age of 36. The coroner's office says she was found in cardiac arrest.
The lineup for the 2026 Global Citizen Festival in New York City was announced Thursday.
Latin music stars Marc Anthony, Feid, and others are set to perform at a benefit concert in Miami on August 16.
Jake Rogers hit a tiebreaking two-run homer off Jefry Yan with two out in the ninth inning, and the Chicago White Sox topped the New York Mets 6-4.
The New York Yankees beat the Toronto Blue Jays 3-1 on Friday night for their fifth straight victory.
Geno Smith threw for a touchdown during a brief preseason appearance and the New York Jets defeated the Pittsburgh Steelers 17-0.
The undefeated Bayonne, New Jersey, all-star Little Leaguers beat West Chester, Pennsylvania, on Friday night in their second game in the Little League World Series.
The New York Police Department explained its security plans to keep more than a million fans and hundreds of players safe ahead of the U.S. Open.
The DSNY reported an increase in needle stick injuries for New York City sanitation workers.
A Queens homeowner says that overgrown city trees on her block are creating a safety hazard at night.
Neighbors say Flushing Meadows Corona Park has been falling into disrepair for years.
The owner of a beloved Harlem food truck known for its burgers under $5 is retiring and selling the business.
The historic Art Deco bathhouse at Jacob Riis Park is getting a new life as the Rockaway Ocean Club. But as the long-dormant building reopens, some locals are questioning who will have access to its amenities.
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 Lonnie Quinn has your First Alert Forecast for August 21 at 11 p.m.
The clean-up at a Long Island beach club after Thursday's tornado will take some time. CBS News New York's Adi Guajardo reports.
Interfaith leaders and the NYPD commissioner addressed the Central Synagogue congregation Friday night, marking one week since a man disrupted Shabbat services there. CBS News New York's Lisa Rozner reports.
There are growing privacy concerns over Meta's AI glasses and people being recorded without their consent. Anna Schecter has been following the trend.
Hundreds of women have rallied outside a Massachusetts courthouse throughout the trial of Lindsay Clancy to support her and her postpartum mental health struggle. Shanelle Kaul met with one woman who's sharing her experience with the condition.
