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.
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.
Aaron Judge followed a 467-foot home run with three hard-hit doubles and drove in two runs for the New York Yankees in a 4-0 victory over the Minnesota Twins.
The NYPD Hate Crimes Task Force is investigating acts of vandalism at two Upper East Side businesses.
A raccoon briefly interrupted a soccer match between the Philadelphia Union and the New York City FC Wednesday night.
Bryce Harper homered, doubled and drove in three runs, Ranger Suárez became the first eight-game winner in the majors and the streaking Philadelphia Phillies defeated the New York Mets 10-5.
New York (6-2-5) became the ninth team in MLS history to score at least nine goals in consecutive road matches against a single club.
The NYPD Hate Crimes Task Force is investigating acts of vandalism at two Upper East Side businesses.
Four peregrine falcon chicks have hatched in a nest box on the Governor Mario M. Cuomo Bridge, and now they need names.
New York Jets fans finally know who, when and where Gang Green is playing in the 2024-25 season now that the NFL schedule has been released.
The New York Giants know who, when and where they're playing after the NFL released the 2024 schedule for all 32 teams Wednesday.
There has been an uptick in robberies linked to Facebook Marketplace across New York City, police say.
Temperatures around New York and New Jersey will rebound nicely Monday, as highs reach the upper 60s and low 70s.
Mother's Day was mostly a gloomy day in New York City and across the Tri-State Area.
Sunday night may offer a chance to see the northern lights in suburban areas of New York City after an "extreme" geomagnetic storm reached Earth on Friday.
It will be cool with rain around the area in the morning. Rain and drizzle will linger during the remainder of the day.
Accompanying cooler temperatures will be multiple chances of rain through Sunday.
New York Jets fans finally know who, when and where Gang Green is playing in the 2024-25 season now that the NFL schedule has been released.
The New York Giants know who, when and where they're playing after the NFL released the 2024 schedule for all 32 teams Wednesday.
A Sayreville school bus driver was able to safely evacuate half a dozen students from the vehicle when it caught fire Tuesday.
Aaron Rodgers and the Jets will open the 2024 season at the 49ers on Sept. 9. The NFL will release the full schedule on Wednesday.
The New Jersey Senate joined the Assembly in passing a controversial overhaul to the state's Open Public Records Act.
Eight Cricket World Cup matches will be held at Nassau County's International Cricket Stadium in June.
There's an intense debate on whether to arm school security after Farmingdale schools became the latest on Long Island to plan to hire armed guards.
Mother's Day was mostly a gloomy day in New York City and across the Tri-State Area.
A New York Supreme Court judge has struck down Nassau County Executive Bruce Blakeman's executive order banning transgender athletes from playing women's and girl's sports at county-owned facilities.
The U.S. Coast Guard is trying to find the source of a mysterious oily sheen reported on the waters of Long Island Sound.
A few dozen NYU students walked out of Yankee Stadium during the school's commencement ceremony on Wednesday.
New York City to host national Urban Rat Summit on Sept. 18and 19, Mayor Eric Adams says
A lawyer for New Jersey Sen. Bob Menendez sought to pin the blame on his wife, Nadine Menendez.
The City Council is trying to get Mayor Adams to added more money to the budget for education programs.
President Biden and former President Donald Trump will go head-to-head in presidential debates on June 27 and Sept. 10, their campaigns said Wednesday.
Leonette Belfield-Carson, whose daughter Jalissa Nadine Carson died of cancer, is now an advocate for other moms with children battling cancer.
A new report from New Jersey's Department of Health shows lead levels in children are dropping but not gone.
Kyle McMorrow was just 36 years old when he suffered a stroke last year. He woke up with neck pain one day, not realizing what was happening.
Panera is phasing out a highly caffeinated selection of lemonade beverages that's at the center of several lawsuits.
Hormel Foods says potentially contaminated products were shipped to Publix and Dollar Tree distribution warehouses.
Jim Parsons and Mayim Bialik are reprising their roles from "Big Bang Theory" in part one of the "Young Sheldon" series finale.
Caitlin Clark struggled early in her WNBA debut before finishing with 20 points and 10 turnovers as the Indiana Fever fell to the Connecticut Sun 92-71.
The Paramount+ Movie Nights series will offer dozens of free outdoor movie screenings at New York City parks this summer.
The WNBA tipped off its 28th season with the Las Vegas Aces seeking a three-peat, Caitlin Clark debuting and the league growing faster than ever.
Actor Steve Buscemi appeared to be looking at his phone moments before he was randomly punched in New York City, exclusive video obtained by CBS New York shows.
Aaron Judge followed a 467-foot home run with three hard-hit doubles and drove in two runs for the New York Yankees in a 4-0 victory over the Minnesota Twins.
A raccoon briefly interrupted a soccer match between the Philadelphia Union and the New York City FC Wednesday night.
Bryce Harper homered, doubled and drove in three runs, Ranger Suárez became the first eight-game winner in the majors and the streaking Philadelphia Phillies defeated the New York Mets 10-5.
New York (6-2-5) became the ninth team in MLS history to score at least nine goals in consecutive road matches against a single club.
Alonso Martínez scored early and Hannes Wolf scored his first career goal late in the first half to spark New York City FC to a 2-1 victory over Philadelphia, handing the Union a fourth straight loss at home for the first time in club history.
Maimonides Medical Center in Borough Park neighbors two communities that house a large Asian American population.
A Thai community is thriving along Woodside Avenue in Elmhurst, Queens.
Big Reuse says the lot helps take in 2 million pounds of food scraps and yard waste annually to create compost.
The River Garden in West Farms is a place that nurtures home-grown opportunities and curiosity.
Leonette Belfield-Carson, whose daughter Jalissa Nadine Carson died of cancer, is now an advocate for other moms with children battling cancer.
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."
As much of the northeast experiences heavy rains, parts of New York City are beginning to flood.
Thousands of people flooded Union Square on Friday for a PlayStation giveaway promoted by livestreamer Kai Cenat.
A crane went up in flames high above Manhattan, then partially collapsed onto the street below.
CBS New York's Lonnie Quinn has your First Alert Forecast for May 15 at 11 p.m.
A New Jersey town is at odds about what to do with a growing geese population. The city council has decided on a lethal option, but some residents are pushing back. CBS New York's Alecia Reid reports.
Would you like to name four adorable peregrine falcon chicks? You can now vote for your favorite. Find out how on CBSNewYork.com.
It's like Christmas in May -- the official release of the full NFL schedule. Here's who, when and where the Jets and Giants will be playing in the 2024 season.
Bear attacks are being reported in Sussex County, New Jersey, prompting authorities to issue a warning. Sparta Township Police say there were at least two incidents the past two weeks.