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.
The New York Yankees beat the New York Mets 6-4 on Friday night.
Two people were injured after a New York City police officer accidentally discharged their weapon Thursday, police say.
Rainy weather makes a return to the New York City area this weekend.
Just up the road from the World Trade Center site, the DSNY unveiled a plaque at their garage on Spring Street.
NYPD Officer Karen Selena Hill was one of almost 800 recruits to graduate from the NYPD Academy class that was pushed into active duty while still training on 9/11.
Two people were injured after a New York City police officer accidentally discharged their weapon Thursday, police say.
Rainy weather makes a return to the New York City area this weekend.
Just up the road from the World Trade Center site, the DSNY unveiled a plaque at their garage on Spring Street.
NYPD Officer Karen Selena Hill was one of almost 800 recruits to graduate from the NYPD Academy class that was pushed into active duty while still training on 9/11.
The terror attacks on Sept. 11, 2001, tested the faith of many, but for Tom Colucci, it led to the calling of priesthood.
Rainy weather makes a return to the New York City area this weekend.
After a week filled with periods of storminess and high humidity, a calmer and drier weather pattern is settling in for the holiday weekend.
Severe storms returned to the Tri-State Area, making it a soggy Thursday morning.
The rain returns Tuesday with the possibility of severe storms and downpours that can cause flash flooding in the New York City area.
Activity by ICE agents is putting a chill on the economy in parts of Connecticut after an estimated 100 people were recently grabbed off the streets of Danbury and other communities.
Rainy weather makes a return to the New York City area this weekend.
The tragedy of 9/11 hit one New Jersey community harder than any other. Middletown had 37 residents killed in the attacks, more than any other town outside the five boroughs.
Middletown, New Jersey, had more residents killed in the terror attacks on Sept. 11, 2001, than any other town outside of New York City.
The Empty Sky Memorial at Liberty State Park in Jersey City honored the hundreds of New Jersey residents killed in the 9/11 attacks Thursday.
A United States Army intelligence officer from New Jersey is reflecting on his service, which he says was inspired by his desire to serve his country and combat Islamophobia.
The New York City area marked 25 years since the moment the city changed forever and thousands of friends, family and loved ones were killed. CBS News New York's Dick Brennan, Jennifer McLogan and Larry Ridley report.
NYPD Officer Karen Selena Hill was one of almost 800 recruits to graduate from the NYPD Academy class that was pushed into active duty while still training on 9/11.
In Hempstead, students born years after 9/11 heard firsthand from those who lived through it.
Families and friends gather at Point Lookout every year to remember their loved ones who died because of the 9/11 terror attacks.
Many remember an image featuring longtime FDNY firefighter Bob Beckwith that spread around the world in the days following the 9/11 attacks -- an image of bravery and hope.
The trial of Khalid Sheikh Mohammed and three other alleged 9/11 plotters is scheduled to begin in June 2028.
Four former presidents were at the World Trade Center memorial site for 9/11 commemorations, while President Trump spoke at the Pentagon.
Many remember an image featuring longtime FDNY firefighter Bob Beckwith that spread around the world in the days following the 9/11 attacks -- an image of bravery and hope.
As governor of New York on Sept. 11, 2001, George Pataki was responsible for many of the decisions being made at the highest level of state government. He recently reflected on that somber day.
Former President George W. Bush gave rare remarks on Wednesday as Americans mark 25 years since the Sept. 11 terrorist attacks.
One person has died and a total of five people have been sickened by Legionnaires' disease in the Bronx.
As of late August, the September 11th Victim Compensation Fund has received 112,000 claims, awarding more than $18 billion.
A cosmetic treatment that promises breast enhancement without surgery is now at the center of a fight over who regulates human tissue in New York.
Twenty-five years after the terrorist attacks on Sept. 11, 2001, the health threat hasn't ended for many survivors.
New York City officials released thousands of previously unseen documents questioning the air quality at Ground Zero following the 9/11 attacks.
Grammy and Emmy Award-winning musician Lizzo made a surprise visit to meet Brooklyn students and debut her new children's book.
Some are calling for Macklemore to be removed from Ed Sheeran's Loop tour after he used part of his opening performance on Friday and Saturday nights at MetLife Stadium to share his pro-Palestinian views about the war in Gaza.
The Met's decision to highlight the work by designer John Galliano sparked widespread controversy due to his history of antisemitic and racist comments.
Tim Curry was known for his iconic performances in cult classics like "The Rocky Horror Picture Show" and the original screen adaptation of Stephen King's "It."
President Trump said that he would be "lowering the American flag" throughout the nation for one week in Dolly Parton's honor.
The New York Yankees beat the New York Mets 6-4 on Friday night.
The New York Yankees beat the Colorado Rockies 10-3 on Thursday night to tighten the AL East race.
Jude Terry and Armindo Sieb each scored a goal, Hugo Lloris had his MLS-leading 12th shutout this season, and Los Angeles FC beat the New York Red Bulls 2-0 to snap a six-game winless streak.
Rookie George Lombard Jr. became the second-youngest player in Yankees' history to hit a grand slam as New York beat the Rockies 6-1 on Wednesday night.
Dániel Gazdag scored in the third minute of second-half stoppage time to rally the New England Revolution to a 2-1 victory over New York City FC on Wednesday night at Citi Field.
At a Bay Ridge school, students who were born years after the attacks are learning about Sept. 11 through the stories of parents, teachers and first responders who lived through it.
Former Mets players from the 2001 season were at Ladder 25 on the Upper West Side on Tuesday.
Grammy and Emmy Award-winning musician Lizzo made a surprise visit to meet Brooklyn students and debut her new children's book.
A Bronx pizzeria is proving that kindness is contagious by giving slices to hungry New Yorkers.
Brooklyn Community Services says keeping its mobile shower program running is becoming increasingly difficult as the costs of fuel, hygiene products and other expenses rise.
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 September 11 at 11 p.m.
A fire broke out at an autobody shop on Staten Island on Friday.
Two people were injured after a New York City police officer accidentally discharged their weapon Thursday, police say.
Part of a tree fell on a man in Central Park on Friday.
In New Jersey, families gathered to mourn and reflect on 25 years since 9/11. The community of Middletown is on a mission to make sure future generations never forget. CBS News New York's Andrew Ramos reports.
