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.
President Trump said he will not be imposing tariffs against European countries over their objections to his efforts to acquire Greenland.
Striking New York City nurses are set to return to the bargaining table Thursday, the New York State Nurses Association said.
Nathan's Famous, which opened as a 5-cent hot dog stand in Coney Island, Brooklyn more than a century ago, has been sold to packaged meat giant Smithfield Foods in a $450 million all-cash deal.
The Yankees have reportedly agreed to a long-term contract with free agent outfielder Cody Bellinger.
The FDNY is battling a smoky four-alarm fire at a Brooklyn waterfront warehouse on Wednesday afternoon. This is right near another warehouse that went up in flames a few months ago.
Striking New York City nurses are set to return to the bargaining table Thursday, the New York State Nurses Association said.
The Yankees have reportedly agreed to a long-term contract with free agent outfielder Cody Bellinger.
The FDNY is battling a smoky four-alarm fire at a Brooklyn waterfront warehouse on Wednesday afternoon. This is right near another warehouse that went up in flames a few months ago.
New York City Public Advocate Jumaane Williams once again released an annual list of "100 Worst Landlords in NYC," also known as the Worst Landlord Watchlist.
Residents are feeling the cold weather, but there will be a slight break Thursday. All eyes are on the weekend with the possibility of a winter storm.
Residents are feeling the cold weather, but there will be a slight break Thursday. All eyes are on the weekend with the possibility of a winter storm.
Dangerously cold weather is gripping the Tri-State Area with little relief as the frigid temperatures continue into the weekend.
Many dangers lurk when the temperature plummets, including hypothermia, frostbite and even a heart attack.
The weekend of snow in the New York City area finally wrapped up overnight, but don't let it fool you. Temperatures are about to plummet.
Snow fell in New York City and across the Tri-State Area on Sunday morning and evening, leaving a good amount to measure in its wake.
Residents are feeling the cold weather, but there will be a slight break Thursday. All eyes are on the weekend with the possibility of a winter storm.
A New Jersey family has been reunited with their beloved dog that was lost when their car was stolen.
The New York Giants officially introduced their new head coach John Harbaugh Tuesday.
Dangerously cold weather is gripping the Tri-State Area with little relief as the frigid temperatures continue into the weekend.
Mikie Sherrill was inaugurated on Tuesday morning in Newark, becoming the first Democratic woman to hold New Jersey's highest office.
Residents are feeling the cold weather, but there will be a slight break Thursday. All eyes are on the weekend with the possibility of a winter storm.
Dangerously cold weather is gripping the Tri-State Area with little relief as the frigid temperatures continue into the weekend.
The weekend of snow in the New York City area finally wrapped up overnight, but don't let it fool you. Temperatures are about to plummet.
Snow fell in New York City and across the Tri-State Area on Sunday morning and evening, leaving a good amount to measure in its wake.
A Long Island nurse was seen on a nanny camera hitting a non-verbal child that he was caring for, leaving bruises on the boy's body.
President Trump said he will not be imposing tariffs against European countries over their objections to his efforts to acquire Greenland.
President Trump told world leaders, CEOs and policymakers at the Davos economic forum that he wouldn't use force to take control of Greenland.
After returning to Joint Base Andrews, President Trump departed for Davos about one hour later aboard a second aircraft.
New York Gov. Kathy Hochul on Tuesday proposed a record $260 billion election-year budget.
Advocate groups for 9/11 victims say federal staffing cuts and a hiring freeze are making it more difficult for first responders to get help from Zadroga Act programs.
Striking New York City nurses are set to return to the bargaining table Thursday, the New York State Nurses Association said.
Mayor Zohran Mamdani and Vermont Sen. Bernie Sanders joined striking New York City nurses on the picket line Tuesday.
New York City's largest nurses strike is now in Week 2 and it appears negotiations toward a deal remain at a standstill.
Negotiators for major New York City hospitals and the state nurses union returned to the bargaining table as the city's largest nurses strike enters a fifth day.
Nurses continue to hold the picket line as the largest nurses' strike in New York City history is on its third day with no end in sight.
Channing Tatum is bringing "Magic Mike Live" to New York City, promising to "turn up the gas" on the popular show.
Kianna Underwood, a former Nickelodeon child actress, was identified as the woman killed in a hit-and-run in Brooklyn.
John Forté, the Grammy-nominated musician known for his work with the Fugees, was found dead in his home in Massachusetts.
The 2026 Golden Globes honored the standouts in both film and television from last year. See the full list of winners and nominees.
Here is everything you need to know about how to watch and stream the 2026 Golden Globes.
The Yankees have reportedly agreed to a long-term contract with free agent outfielder Cody Bellinger.
The New York Mets acquired Luis Robert Jr. in a trade with the Chicago White Sox on Tuesday, filling a hole in center field.
Goalie Darcy Kuemper has left the Los Angeles Kings' game against the New York Rangers after a collision in the crease late in the first period.
Carlos Beltrán was a nine-time All-Star during his 20-year MLB career. Andruw Jones was a five-time All-Star and won 10 Gold Gloves.
The New Jersey Devils defeated the Calgary Flames 2-1 in an overtime game on Monday night.
Puppet shows, peaceful protests and acts of service helped families reflect on Dr. Martin Luther King Jr.'s legacy through a child's perspective.
Nearly 100 tenants from three different buildings managed by A&E Real Estate on the Upper West Side rallied on Monday.
A group in Queens has banded together to revive landlines and give their children a simpler way to socialize.
A city-approved plan to rezone a stretch of Atlantic Avenue is expected to bring thousands of new apartments to Brooklyn, but tenant advocates say the deal falls short for lower-income residents and could accelerate displacement.
A three-year pilot run by the Brooklyn Justice Initiative and the Mayor's Office of Criminal Justice aims to improve court compliance and reduce recidivism by meeting participants where they live.
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.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
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.
Crews were on scene on Columbia Street in Red Hook on Wednesday afternoon. No injuries were reported.
Major crimes dropped sharply in New York last year, with some falling to the lowest levels in modern records. While the numbers tell one story, the daily experience can feel very different. Law enforcement contributor Richard Esposito helps us make sense of what the numbers do—and don’t—tell us.
Political analyst J.C. Polanco breaks down the biggest promises of Mikie Sherrill’s campaign and whether the governor can deliver.
Striking New York City nurses will return to the bargaining table on Thursday with three major hospital systems. CBS News New York's Tim McNicholas reports.
Models are showing a significant amount of snow coming to the Tri-State Area this weekend. CBS News New York Meteorologist John Elliott reports from the New York Boat Show.
