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.
The president spoke less than 24 hours after the Senate approved the agreement in a bipartisan vote.
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 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.
Rep. Thomas Massie broke with two other conservatives on the House Rules Committee to advance the legislation to the House floor.
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.
Time is running short for House Republicans and the White House to reach an agreement on the debt ceiling to avoid default.
McCarthy said Sunday that he had a "productive" call with Mr. Biden as the president returns from the G-7 conference in Japan.
The United States could default on its debt in less than two weeks, and cities with a large military presence risk an economic firestorm if lawmakers don't act.
Millions of Social Security recipients "need to be very careful" about spending because payments could be delayed, one expert said.
Former President Donald Trump said in a CNN town hall that Carroll's story was "fake" and "made up," despite the swift and unanimous verdict.
The treasury secretary also told G-7 finance ministers and central bank chiefs meeting in Japan that a first-ever U.S. default on its debts is "unthinkable."
"No one should assume that the Fed can… really protect the economy and the financial system, and our reputation globally, from the damage such an event might inflict," Federal Reserve Chairman Jerome Powell said.
Republicans and Democrats still appear far apart on raising or suspending the debt ceiling. The five leaders are expected to meet again Friday.
The treasury secretary moved up her estimate of when the U.S. risks defaulting on its debt.
Here are the options Congress has to avert a first-time U.S. credit default and the severe economic consequences that could follow.
The federal government caps the amount of money it can borrow. But what are the risks if Congress fails to lift the debt limit?
Without congressional action, the U.S. could default as soon as June, she wrote in a letter Friday.
Fresh off a historic state championship title, the Saint Mary's varsity football team is back in Stockton after a nail-biting down-to-the-wire win in Southern California against Bakersfield Christian.
The unemployment rate in November rose to 4.6%, its highest level since September 2021.
Ukrainian President Volodymyr Zelenskyy says a "very workable" peace plan to end the war in Ukraine could be presented to Russia within days.
Four of the nation's top retail stores failed to promptly pull contaminated ByHeart infant formula from their shelves, federal health officials said in warning letters.
A community in Natomas is frustrated after a family got a letter telling them their Christmas lights violated the rules of the neighborhood.
A beleaguered new bridge in Sacramento beset by construction issues is now open.
Fresh off a historic state championship title, the Saint Mary's varsity football team is back in Stockton after a nail-biting down-to-the-wire win in Southern California against Bakersfield Christian.
Nick Reiner, a son of director Rob Reiner and his wife Michele, has been arrested on murder charges following their deaths, police said.
The unemployment rate in November rose to 4.6%, its highest level since September 2021.
Ukrainian President Volodymyr Zelenskyy says a "very workable" peace plan to end the war in Ukraine could be presented to Russia within days.
Sacramento police on Sunday said a thief stole a portion of a public artwork that is located in North Sacramento.
The rider of the electric unicycle was taken to the hospital with moderate injuries.
Sacramento police said the suspect was arrested by the California Highway Patrol in connection with a pursuit and firearm charges.
A man convicted of sexually assaulting a passenger on a Sacramento Regional Transit light rail train was sentenced to 35 years to life in prison, authorities said Monday.
Medical staff at the California International Marathon used a defibrillator to help a runner regain a pulse after she suffered a sudden cardiac arrest halfway through the race on Sunday.
The share of borrowers who are 30-plus days late on paying back their loans is now at 11%.
As more families in Northern California turn to charities for a helping hand this holiday season, the Salvation Army is facing one of its busiest years yet.
California's public health department said one person has died and several others have suffered severe liver damage due to eating toxic mushrooms that were foraged.
FIFA announced the match-ups and times for the six World Cup 2026 games that will be played at Levi's Stadium.
The Trump administration will start sending more water to California farmers in the state's crop-rich Central Valley.
Sacramento State is hiring Arizona assistant head coach and Northern California native Alonzo Carter as the next head football coach.
Julius Randle had 24 points and nine rebounds to lead Minnesota past the Sacramento Kings 117-103 in the Timberwolves' second straight game without star Anthony Edwards.
Brock Purdy threw three touchdown passes as the San Francisco 49ers beat the Tennessee Titans 37-24.
Tommy Rittenhouse threw two of his three touchdown passes to Daniel Sobkowicz, Chris Taylor returned a kickoff 91 yards for a score, and unseeded Illinois State beat UC Davis 42-31 in the quarterfinals of the FCS playoffs.
The San Francisco 49ers have placed receiver Brandon Aiyuk on the reserve/left squad list, making him ineligible to return from a knee injury this season.
Known as a popular Hollywood director, Rob Reiner also had a lengthy record of political and civic activism, especially in California.
Attorney General Pam Bondi said the FBI and Justice Department thwarted "what would have been a massive and horrific terror plot" in Southern California.
A ruling striking down emergency levies could force the federal government to return most of the tariff revenue it has collected this year, according to Penn Wharton.
Just how much power will the next governor have to repeal controversial California laws?
A federal judge in Maryland on Thursday ordered Kilmar Abrego Garcia's immediate release from Immigration and Customs Enforcement custody.
A steady stretch of nonstop fog over the last couple of weeks isn't just dampening moods, it may be taking a toll on physical health as well.
California's public health department said one person has died and several others have suffered severe liver damage due to eating toxic mushrooms that were foraged.
The plan is to embed street medicine training directly into residency programs across multiple hospitals.
Consumers with the imported pans should throw them away due to the severe health risks posed by lead, the agency warns.
Ray Cathey is on a journey from silence to new sounds. Cathey's hearing took a pounding when he was an air rescue paramedic during the Vietnam War.
Finding the perfect dress isn't easy, but now, selling them could become a lot more challenging.
This weekend, Placer County is hosting its annual Sip Into Spring event, offering free or discounted tastings at more than 20 wineries along what's known as the Placer Wine Trail.
From fruits and veggies to car parts, economists project that businesses will pass along the cost of the tariffs to customers.
An economic blackout was underway Friday as activists nationwide encouraged people not to spend their money at large corporations, retailers and fast-food chains for 24 hours.
San Joaquin County's retail theft reporting app has only been around for six months and is already bringing a sense of calmness to local business owners.
President Trump and Gov. Gavin Newsom have made several different claims about California gas prices. Here's what we found.
This year-long investigation provides an unprecedented look at California's one-party supermajority legislature through the eyes of grieving parents who discover how California lawmakers kill popular bills by not voting.
This year-long investigation by CBS News California investigative correspondent Julie Watts examines the many components of California's new tougher-on-crime law.
A Natomas mother demanded that her daughter be exhumed and cremated after a Sacramento cemetery moved her grave without telling the family.
The California Highway Patrol captain accused of workers' compensation fraud was the commander in charge of the fatal Mahaney Park shootout in Roseville, three officers who worked under him at the time of the shootout said.
CBS13 and the Call Kurtis consumer investigative team devised an idea on how to lower what consumers owe on their credit cards -- and it begins with a simple phone call.
No one wants to think about death. However, it's important to plan on what happens to your digital assets after you die.
After spending $18,000 on waterproof laminate floors, a Natomas couple spotted damage after the first cleaning.
More than a year after Hai Pham canceled the trial membership, he kept getting charged every month for it.
A Natomas mother demanded that her daughter be exhumed and cremated after a Sacramento cemetery moved her grave without telling the family.
More than two dozen structures were destroyed in a wildfire in the eastern Sierra Nevada mountains on Wednesday afternoon, officials said.
Clean-up has started in Chinese Camp after the TCU September Lightning Complex Fire ripped through the Gold Rush town earlier this month.
The fires burning in Calaveras and Tuolumne County caused air quality officials to issue a smoke advisory, warning people that the air quality may be unhealthy for sensitive groups.
The TCU Lightning Complex fires have burned nearly 14,000 acres in Central California, but in a Saturday update, Cal Fire said containment was at 42%.
A vegetation fire near El Dorado Hills broke out on Labor Day, quickly growing in size and prompting evacuations, officials said.
A Sacramento County dog picked up thousands of miles from home after he went missing five years ago was reunited with his family on Wednesday.
What started as a suspicious circumstances call for Rancho Cordova police ended with a newborn surprise.
A once-empty lot behind Church of the Cross in north Modesto now hosts a thriving community garden with more than 140 plots and growers from across the globe.
A Sacramento-area middle school history and English teacher is in the running to win big as America's Favorite Teacher, a title her students think she is more than worthy of being awarded.
Junior Romello Bruhn of Woodland Christian High School is closer than ever to scoring 3,000 career points, something only 13 high school athletes have accomplished in California state history.
St. Mary’s won the state championship for the first time ever, and also became the first school in Stockton to win.
Tori Apodaca reports on a Natomas family getting a letter from the HOA asking them to take down some of their Christmas lights display.
Rob Reiner's political legacy includes helping create First 5 California, which aims to improve the lives of children.
Express lanes along Interstate 80 in Solano County will now be tolled. Website: http://kpix.com/ YouTube: http://www.youtube.com/CBSSanFrancisco Facebook: https://www.facebook.com/CBSSanFrancisco Instagram: https://www.instagram.com/kpixtv/ Twitter: https://twitter.com/KPIXtv
Fire crews responded to a downed aircraft near Tracy.