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.
A concertgoer fell to his death during rock band Goose's performance Saturday at Madison Square Garden, the New York Police Department said.
A woman was found dead in her Brooklyn home Saturday, leaving the neighborhood in shock.
A small plane crashed into a lake in West Milford, New Jersey, on Saturday.
There will be no horse carriage rides in Central Park until Tuesday in the wake of a tourist's tragic death, according to the union representing carriage drivers.
Adventureland reopened Saturday, but its new Wave Twister ride remained closed one day after 15 kids and one adult were stranded on the ride for hours.
A concertgoer fell to his death during rock band Goose's performance Saturday at Madison Square Garden, the New York Police Department said.
A woman was found dead in her Brooklyn home Saturday, leaving the neighborhood in shock.
There will be no horse carriage rides in Central Park until Tuesday in the wake of a tourist's tragic death, according to the union representing carriage drivers.
Adventureland reopened Saturday, but its new Wave Twister ride remained closed one day after 15 kids and one adult were stranded on the ride for hours.
Fifteen children and one adult were rescued Friday evening after they got stuck on a ride at Long Island's Adventureland amusement park.
Weather is tranquil and pleasant in the New York City area for Father's Day weekend as summer officially begins.
Dangerous heat is building across the Tri-State Area with the threat of severe storms, making Thursday and Friday First Alert Weather Days.
Thursday and Friday will be First Alert Weather Days in the New York City area, with high temperatures and the chance for strong storms.
The Stamford Fire Department said high winds ripped the 3,000-square-foot flag off the pole atop the WWE building and sent it flying into electrical wires.
Storms hit the New York City area on Saturday, bringing damaging winds, hail and downpours across the region.
A small plane crashed into a lake in West Milford, New Jersey, on Saturday.
The community of Paterson, New Jersey, gathered Friday to root on one of their own in the World Cup.
A West Milford, New Jersey, homeowner says her poodle, named Squilliam, helped her escape a house fire early Friday morning.
Weather is tranquil and pleasant in the New York City area for Father's Day weekend as summer officially begins.
The official warning comes after incidents between coyotes and dogs in North Haledon and Glen Rock.
Firefighters in Hempstead used a ladder truck to free a seagull that got tangled in a rope above a busy street.
Adventureland reopened Saturday, but its new Wave Twister ride remained closed one day after 15 kids and one adult were stranded on the ride for hours.
Fifteen children and one adult were rescued Friday evening after they got stuck on a ride at Long Island's Adventureland amusement park.
Firefighters responded to Adventureland amusement park on Long Island after a ride got stuck Friday night. Dan Rice reports from Chopper 2.
Surveillance video shows a father and a smoke shop owner stop a would-be carjacker from driving away with two children on Long Island.
The Justice Department says it's released "every document required by the Epstein Files Transparency Act," but CBS News has identified numerous gaps.
Sen. Bernie Sanders and NYC Mayor Zohran Mamdani joined forces Thursday in a last-minute attempt to help three left-of-center congressional candidates win their primaries.
After a tourist from India suffered fatal injuries when horse carriages collided in Central Park, the NYC Council said it will consider banning the attractions entirely.
The New York Knicks are planning to visit the White House, owner James Dolan said Wednesday, marking a first for an NBA Finals winner during President Trump's time in office.
In an exclusive interview with CBS News, retired Justice Arthur Engoron reflected on the highs and lows of the 2023 Trump civil fraud trial.
An off-duty EMT jumped into action at the Knicks parade Thursday when a man appeared to be suffering from an overdose.
New York broadcast giant Bill Ritter announced Friday he is stepping down from the WABC anchor desk after being diagnosed with early stage Alzheimer's.
For half a century, The Valerie Fund has been dedicated to providing care to children with cancer and blood disorders.
A New Jersey nonprofit called The Valerie Fund is celebrating 50 years of providing comprehensive care to children with cancer and blood disorders.
New Jersey Gov. Mikie Sherrill is urging people to donate blood ahead of the summer months.
Claude Guillemot and a flight instructor were flying in a twin-motor Cessna 421 on Friday evening. An investigation into the crash is underway.
James Burrows directed more than 1,000 episodes of television, including every episode of the original "Will & Grace."
A New York Knicks documentary series is in the works from director and Knicks superfan Ben Stiller.
New York broadcast giant Bill Ritter announced Friday he is stepping down from the WABC anchor desk after being diagnosed with early stage Alzheimer's.
Taylor Swift attended Game 4 of the NBA Finals between the Knicks and Spurs at Madison Square Garden on Wednesday.
Sal Stewart tied a career high with six RBIs and the Reds pulled away for a 10-2 rout of the Yankees on Saturday.
The community of Paterson, New Jersey, gathered Friday to root on one of their own in the World Cup.
The New York Yankees beat the Cincinnati Reds 5-0 on Friday night.
In front of a roaring Seattle crowd, the U.S. men's soccer team on Friday defeated Australia in its second World Cup match, clinching a spot in the Round of 32 in the process.
Juan Soto hit two solo homers and made a sliding catch in the left-field corner to rob Bryce Harper of a run-scoring hit as the New York Mets defeated the Philadelphia Phillies 6-4.
Experts say the team's title run created a feeling of collective joy and connection, while some local businesses are also seeing a boost from the celebration.
Knicks fans who couldn't make it to Thursday's parade still found a way to celebrate across New York in true blue-and-orange fashion.
A vending machine in Coney Island is offering something unusual alongside the neighborhood's classic attractions: original artwork from local artists.
A years-long battle is intensifying over the future of an old rail line in Queens that was abandoned after a fire over 50 years ago.
Harlem's historic Cotton Club recently announced it was up for sale. The news comes as jazz clubs across the borough disappear.
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.
John Elliott spends the morning at Monmouth Battlefield State Park before a reenactment of the American Revolutionary War battle.
You can find your zen in the Crossroads of the World in honor of the official start of summer.
The vice president arrived in Switzerland to formally launch negotiations with Iranian leaders. CBS News New York's Noëlle Lilley reports.
Police said the shooting victims were all male, ranging in age from 16-21 years old.
Police said the 51-year-old man suffered fatal injuries after falling from an elevated surface inside the arena.
