U.S. Consumer Borrowing Up $24 Billion In May
Americans increased their borrowing in May at the fastest pace in a year and a half, boosted by a big increase in credit card borrowing.
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Americans increased their borrowing in May at the fastest pace in a year and a half, boosted by a big increase in credit card borrowing.
With the Federal Reserve announcing it's raising interest rates and the Supreme Court ruling states can impose sales tax on more online purchases, what does this mean for your wallet?
If you're like most Americans, you're probably carrying some credit card debt.
Officials said a generator on the roof caused a fire in a chimney.
The Federal Reserve is raising interest rates after seven years of record lows. But it's signaling that further rate hikes will likely be made slowly as the economy strengthens further and muted inflation rises.
Some Twitter accounts for the New York Post and UPI, as well as the news agency's website, were briefly hacked Friday.
The Senate has easily approved Brooklyn native Janet Yellen's nomination to head the Federal Reserve.
Yellen graduated from Brown and Yale and taught at Harvard, but Brooklyn Borough President Marty Markowitz said her trajectory to success began before she ever arrived as those distinguished institutions.
Federal prosecutors said the Bangladesh native was in the process of trying to detonate what he thought was a 1,000-pound bomb packed into a van parked on Liberty Street near the building.
The stock market closed at a record high after Federal Reserve Chairman Ben Bernanke said the central bank would continue to support the U.S. economy.
The book centers around the Federal Reserve. If you think the Fed, isn't interesting fodder for a thriller, check this book out to see just how wrong you are.
Quazi Mohammad Rezwanul Ahsan Nafis, 21, apologized, saying " I no longer support violent Jihad. I deeply and sincerely regret my involvement with this case."
A continued economic recovery for 2013 has been forecast for Connecticut by a Federal Reserve Bank economist who spoke to businesspeople in Stamford Friday.
Quazi Mohammad Rezwanul Ahsan Nafis is charged with attempting to use a weapon of mass destruction and attempting to provide material support to a foreign terrorist organization.
Just who is Quazi Mohammad Rezwanul Ahsan Nafis, the suspect in the bomb plot targeting the Federal Reserve Bank in Lower Manhattan? Prosecutors said he formed his plan to attack the U.S. even before he left Bangladesh.
Quazi Mohammad Rezwanul Ahsan Nafis was arrested Wednesday in an FBI sting operation. A criminal complaint said he made several attempts to blow up a fake 1,000-pound the bomb inside a vehicle parked next to the Federal Reserve.
Quazi Nafis was arrested by the FBI Wednesday after making several attempts to detonate a fake 1,000-pound bomb inside a vehicle parked next to the Federal Reserve on Liberty Street, according to a criminal complaint.
Sources said officials want to question several people, including a co-conspirator Nafis talked to about the plot. That person was arrested Wednesday in San Diego on unrelated child porn charges.
Schumer said the student visa Nafis obtained from a Missouri university is legitimate, but said his quick transfer to a university in the city should have raised a red flag.
Bloomberg said this incident should remind New Yorkers to not become complacent.
According to a federal complaint, Quazi Nafis was aware a bomb planted outside the Federal Reserve Bank would likely cause the deaths of many people, including women and children.
Quazi Mohammad Rezwanul Ahsan Nafis is charged with attempting to use a weapon of mass destruction. He is currently being held without bail and, if convicted, faces life in prison.
While giving the FBI and other law enforcement agencies credit for thwarting a bomb plot against the Federal Reserve Bank in Lower Manhattan, New York City Police Commissioner Ray Kelly said the threat of terrorism will be "with us for a long time."
On Monday, the Treasury Department sold 553,846,153 shares in AIG on Monday, turning an $18 billion profit on the $32.50 a share price.
Oil analyst Peter Beutel says prices are dropping and they should be reflected at the pump soon.
The New Jersey man convicted of driving drunk and killing four people at a Fourth of July celebration in Manhattan will spend at least 24 years in state prison.
New Jersey officials are warning residents to be careful after a resident reported their small dog was attacked by a coyote.
Surveillance video shows the woman being dragged beneath the vehicle for several feet in Brownsville.
Negotiators for major New York City hospitals and NYSNA will return to the bargaining table as the city's largest nurses strike enters a fifth day.
A teen is being held on charges after a 17-year-old was shot and killed after leaving school on January 8 in west suburban Cicero, Illinois.
The New Jersey man convicted of driving drunk and killing four people at a Fourth of July celebration in Manhattan will spend at least 24 years in state prison.
Surveillance video shows the woman being dragged beneath the vehicle for several feet in Brownsville.
Negotiators for major New York City hospitals and NYSNA will return to the bargaining table as the city's largest nurses strike enters a fifth day.
Get ready for more winter weather in the Tri-State Area because we're tracking two chances for accumulating snow this weekend.
There have been three gun-related incidents at New York City public schools this week alone. Now, both parents and school safety agents are raising concerns.
Get ready for more winter weather in the Tri-State Area because we're tracking two chances for accumulating snow this weekend.
Two men posing as Amazon delivery workers held a Connecticut homeowner at gunpoint while robbing him and his wife, police said.
Wednesday night, things begin to change. Showers linger, and areas well north and west may pick up some light snow.
Police in Danbury, Connecticut, are actively looking for a man who they believe fired a deadly gunshot that traveled through a wall and killed his neighbor.
There's plenty of sunshine is on the way to the Tri-State Area, but the First Alert Weather team is also tracking a round of snow later this week.
New Jersey officials are warning residents to be careful after a resident reported their small dog was attacked by a coyote.
Get ready for more winter weather in the Tri-State Area because we're tracking two chances for accumulating snow this weekend.
A data company is finding that some Airbnb hosts in New Jersey are charging a lot for the time period around upcoming World Cup matches.
A pastor in Morristown, New Jersey, says community members are too afraid to go outside after recent ICE activity.
Jersey City Mayor Steven Fulop is reflecting on his public career as he moves to New York for his next job.
Get ready for more winter weather in the Tri-State Area because we're tracking two chances for accumulating snow this weekend.
A federal judge ruled the Empire Wind project can move forward while he considers the merits of the Trump administration's order to suspend it.
Hochul said she would commit $1.7 billion in the next budget to expand child care in New York in her 2026 state of the state address.
Wednesday night, things begin to change. Showers linger, and areas well north and west may pick up some light snow.
Three people were sentenced Tuesday for their roles in murdering and dismembering a man and a woman in Amityville in February 2024.
Hochul said she would commit $1.7 billion in the next budget to expand child care in New York in her 2026 state of the state address.
Venezuelan opposition leader María Machado previously said she wanted to "share" the prize for removing Nicolás Maduro from power.
A panel of judges on a federal appeals court ruled Thursday that a district court judge did not have the authority to order the release of Columbia University activist Mahmoud Khalil.
An Immigration and Customs Enforcement officer shot a man Wednesday night in north Minneapolis after allegedly being attacked by men with shovels during an arrest operation, three U.S. officials told CBS News.
Border czar Tom Homan said no decision had been made about the exact nature of the cuts, which are supposed to take effect in two weeks.
Negotiators for major New York City hospitals and NYSNA will return 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.
Nurses say health care benefits and workplace safety are their main reasons for striking, and are refusing to go back to work until their demands are met.
Loved ones of patients at hospitals in New York City are concerned about care as nurses continue to strike due to failed contract negotiations on Monday.
The New York State Nurses Association said it called for the strike as negotiations stalled with the city's wealthiest hospitals.
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.
Bob Weir wrote or co-wrote and sang lead vocals on Grateful Dead classics including "Sugar Magnolia," "One More Saturday Night" and "Mexicali Blues."
Video of an angry confrontation during intermission at a performance of "Mamma Mia!" on Broadway is going viral on social media.
Ilya Sorokin made 35 saves for his NHL-leading fifth shutout of the season as the New York Islanders edged the Edmonton Oilers 1-0 on Thursday night.
Jimmy Butler had 32 points and eight rebounds, Stephen Curry warmed up in the second half to finish with 27 points and seven assists, and the Golden State Warriors beat the New York Knicks 126-113 on Thursday night.
Authorities said the alleged scheme involved 39 players, 17 different NCAA Division I men's basketball teams and 29 games.
Negotiations are ongoing, but John Harbaugh is expected to end up coaching the New York Giants.
The Kings (11-30) won their third straight to spoil the return of Knicks coach Mike Brown, who made his first appearance in Sacramento since being abruptly fired early in the 2024-25 season.
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.
Harlem native Teyana Taylor wins her first major acting honor at the 83rd Golden Globes Awards for her performance in Paul Thomas Anderson's "One Battle After Another." Locals say it's a win for the whole neighborhood.
Legislation would protect and expand hunger programs and improve benefit security as New York pantries see rising demand.
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.
Dylan House, Director of Public Programs at the Brooklyn Children's Museum, talks with CBS New York's Mary Calvi about the museum's "Celebrate Martin Luther King Jr. Festival".
A woman was killed Friday morning in a hit-and-run in Brownsville, Brooklyn.
New Jersey State Police said the investigation linked the man to other rock-throwing incidents in Bergen County.
Negotiators for major NYC hospital systems and NYSNA will return to the bargaining table as the city's largest nurses strike enters a fifth day. CBS News New York's Christina Fan reports.
The New York City Health Department says more than half of the city's flu cases this season are in people under 18 years old.
