Senate passes climate, health and tax bill in major win for Democrats
The bill's passage is a significant achievement for Democrats as they look to maintain their hold on Congress in the November midterm elections.
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The bill's passage is a significant achievement for Democrats as they look to maintain their hold on Congress in the November midterm elections.
Senators debated amendments to the economic bill, which contains many of President Biden's climate, energy, health and tax goals.
The Senate's nonpartisan rules arbiter has dealt a blow to Democrats' plan for curbing drug prices.
Sen. Kyrsten Sinema, a centrist who was seen as the pivotal vote, said in a statement that she had agreed to changes in the measure's tax and energy provisions.
The Labor Department said practically all jobs lost during the pandemic have been restored.
The economy shrank again in the second quarter, fueling debate about whether or not the country is in a recession. CBS News reports.
Depending on what the report says, we could be officially in a recession. CBS2's Zinnia Maldonado has more.
The Federal Reserve, as expected, announced it is raising interest rates by three-quarters of a percentage point to help tamp down inflation. CBS News' Tanya Rivero and Christina Ruffini get analysis of the economic and political impact from Ted Rossman, senior industry analyst at Bankrate.com; CBS News political correspondent Caitlin Huey-Burns; and Michelle Singletary, Washington Post personal finance columnist.
The rise in the federal funds rate, which is what banks charge each other for overnight loans, comes as several significant pieces of economic data are released this week.
Prices for just about everything are at a 40-year high, and as CBS2's Dave Carlin reports, even the least expensive items at bodegas and shops around New York City are getting hit.
Inflation continues to squeeze consumers, so Wednesday, the Federal Reserve raised interest rates 0.75 percent, meaning it will cost more to borrow money. The economic trouble is leaving families more worried about their bottom lines. CBS2's Dick Brennan has more on the reason why we keep seeing rate hikes.
The move is meant to curb historically high inflation.
As CBS2's John Dias reports, there are a number of factors contributing to this key week for the state of the economy.
The nationwide average for a gallon of regular plunged to $4.36.
The newest figures are raising some serious concerns about our economy.
Inflation is hitting nearly every part of the economy and there is no quick end in sight, but as CBS2's Dick Brennan reports, many consumers continue to spend as the job market remains strong.
Many owners say they are making drastic changes to how they operate or closing down for good.
Inflation has flown past 9 percent, and we're all feeling the squeeze. Some restaurant owners told CBS2's Jenna DeAngelis they are either making changes or shutting down.
Prices continue to climb for everything from gas, to food and rent. CBS2's Lisa Rozner reports.
This comes as Americans see consumer prices skyrocket on everything from groceries to gas. CBS2's Elijah Westbrook reports.
Move comes in an effort to put the breaks on rising costs, but it means loans and credit cards will cost more.
CBS2's Nick Caloway has more on what this could mean for your wallet and investments.
"Inflation is much too high," Fed Chair Jay Powell said of the U.S. central bank's largest rate hike since 1994.
The Federal Reserve announced an aggressive interest rate hike. The move comes as a way to combat inflation. CBS2's Aundrea Cline-Thomas has a look at what this means for your wallet.
Many Americans are worrying about their retirement funds as stocks dropped drastically yesterday. CBS2's Elijah Westbrook has more on what this means.
A 34-year-old man was conducting an experiment in his Mineola apartment when the mixture reacted violently, according to law enforcement officials.
The city's Department of Transportation announced the alert is in effect from Monday through Friday, when traffic is expected to be at its slowest and most congested
Presley Gerber, the son of Cindy Crawford and Rande Gerber, has died at 27, a family spokesperson has confirmed.
Part of a Lavallette, New Jersey, liquor store was boarded up and a bouquet of flowers was left outside Sunday night, somber reminders of a horrific crash that killed a woman a day earlier.
Nolan Arenado hit his third grand slam of the season top help the Diamondbacks beat the Yankees 8-4 on Sunday.
The city's Department of Transportation announced the alert is in effect from Monday through Friday, when traffic is expected to be at its slowest and most congested
The world is coming together at the United Nations this week and that means New York City is on high alert.
Trey Smack kicked a 26-yard field goal in overtime and the Packers snapped a six-game skid with a 20-17 victory over the Jets on Sunday.
Longtime NFL executive Ernie Accorsi, who built the New York Giants core that won the Super Bowl twice after his retirement has died. He was 84.
A vigil was held in the East Village on Saturday night for the teenager killed in a collision between a Citi Bike and a truck.
The Beardsley Zoo in Bridgeport announced it welcomed its first-ever red panda cub, marking an important achievement for the endangered species.
Rain totals on Sunday were much less substantial compared to last Sunday's prolific totals, generally averaging less than 1 inch in most locations.
Fire departments were hard at work in Paterson, New Jersey, and Fairfield County, Connecticut, due to flash flooding on Sunday morning.
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.
Part of a Lavallette, New Jersey, liquor store was boarded up and a bouquet of flowers was left outside Sunday night, somber reminders of a horrific crash that killed a woman a day earlier.
Trey Smack kicked a 26-yard field goal in overtime and the Packers snapped a six-game skid with a 20-17 victory over the Jets on Sunday.
Longtime NFL executive Ernie Accorsi, who built the New York Giants core that won the Super Bowl twice after his retirement has died. He was 84.
Ahead of the beatification of Archbishop Fulton J. Sheen on Sept. 24, the Cathedral Basilica of the Sacred Heart in Newark, New Jersey, will be displaying items from his life and work.
The suspect has been identified in a deadly shooting that happened outside a Wawa location in Toms River on Friday.
A 34-year-old man was conducting an experiment in his Mineola apartment when the mixture reacted violently, according to law enforcement officials.
CBS News New York's John Elliott reports from the Brain Aneurysm Foundation Long Island Run/Walk at Jones Beach State Park on Sept. 19, 2026.
The ground beneath a Long Island woman opened up, swallowing her into the earth below.
The ground beneath a Long Island woman opened up, swallowing her into the earth below. CBS News New York's Jennifer McLogan reports.
Racing returned to Belmont Park Friday afternoon, more than three years after the iconic Long Island track was shut down for renovations. The redevelopment cost $450 million. CBS News New York's Carolyn Gusoff reports.
The world is coming together at the United Nations this week and that means New York City is on high alert.
New York City Mayor Zohran Mamdani and President Trump have met at least twice since Mamdani was elected last year.
On this "Face the Nation with Margaret Brennan" broadcast, Reps. Ro Khanna and Maria Elvira Salazar join Margaret Brennan.
President Trump said that he has agreed to convert plans for a massive triumphal arch into a "top grade Military Complex," equipped with snipers and drone storage.
The Democratic congressman has partnered with Republican New York Rep. Mike Lawler to introduce the Stop Rogue AI Act.
NYU Langone has reached an agreement with the Justice Department to end gender-affirming care for minors.
A second person has died in the Legionnaires' disease cluster in the South Bronx.
Some people in Keyport, New Jersey, claim the site of a former aircraft manufacturing plant is to blame for a growing number of cancer diagnoses, but the state says otherwise.
Affordable Care Act recipients in 30 states are set to receive the $500 checks starting in October. Here's why.
One person has died and a total of five people have been sickened by Legionnaires' disease in the Bronx.
Presley Gerber, the son of Cindy Crawford and Rande Gerber, has died at 27, a family spokesperson has confirmed.
Duncan Sheik died on Thursday night, his family said.
A truck driver who spent two decades building a massive scale model of his native New York City was delighted when it went viral on TikTok.
The Feast of San Gennaro is filling New York City's Little Italy with faith, music, games and many treats starting Thursday.
The iconic Peanuts character Snoopy is getting a new look for the 100th Macy's Thanksgiving Day Parade in New York City.
Nolan Arenado hit his third grand slam of the season top help the Diamondbacks beat the Yankees 8-4 on Sunday.
Cristopher Sánchez earned his major league-leading 18th win Sunday, leading the Phillies to a 7-2 victory over the Mets.
Trey Smack kicked a 26-yard field goal in overtime and the Packers snapped a six-game skid with a 20-17 victory over the Jets on Sunday.
Longtime NFL executive Ernie Accorsi, who built the New York Giants core that won the Super Bowl twice after his retirement has died. He was 84.
Pavin Smith hit a two-run homer in the ninth inning to lift the Diamondbacks over the Yankees 5-3 on Saturday night.
Neighbors have been waiting since 2021 for the bridge over the Belt Parkway to be rebuilt and reconnect Bath Beach with the waterfront.
The People's Theatre now has its first permanent home in more than 15 years, thanks to help from theater legends from the neighborhood, like Lin-Manuel Miranda.
Brooklyn Greenway Initiative's 1.8-acre native plant sanctuary marks 10 years at a site where historians believe hundreds of human remains still lie
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.
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.
The city and state have ramped up security around synagogues and in Jewish communities during the high holy day.
Patrick Clancy spoke about his ex-wife Lindsay's trial, his grief and moving forward while facing intense public scrutiny on 60 Minutes.CBS News New York's Aziza Shuler reports.
Presley Gerber, the son of supermodel Cindy Crawford and Rande Gerber, died at a rehab facility in Los Angeles, according to a spokesperson.
Beginning Tuesday, anyone recorded driving more than 10 mph above the posted speed limit will face a fine.
It's a mostly cloudy and cool week, with highs around 70 on Monday, and a chilly rest of the week on deck. CBS News New York Meteorologist Tony Sadiku has the forecast.
