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.
The vacancy created by California Rep. Doug LaMalfa's death will now be filled in a new special election. Gov. Gavin Newsom has 14 days to proclaim the special election and set a date.
Valero is planning to import fuel into the Bay Area once it idles the Benicia Refinery in April. Gov. Gavin Newsom's office touted the plan as one that will "help maintain steady supply and stable prices."
After years of waiting, Inspiration Park in the new Westlake Community will officially open to the public in the coming weeks.
The webpage, featured under the official whitehouse.gov domain, says Democrats framed "the event as a violent coup attempt orchestrated by Trump."
Stanislaus County supervisors approved the sale of the former Salvation Army property in downtown Modesto on Tuesday, a move officials say could support future affordable housing near the Seventh Street Village project.
LaMalfa represented California's 1st Congressional District in the northeastern part of the state since 2013. He served as chairman of the Congressional Western Caucus.
A Yolo County jury on Tuesday convicted Paul Allen Perez of murdering his five infant children in a case that spans nearly a decade and multiple counties.
According to his office, LaMalfa died at the age of 65 early Tuesday morning. Those who knew him described him as a lawmaker known for his hard work and dedication, but also for his humor and compassion.
The vacancy created by California Rep. Doug LaMalfa's death will now be filled in a new special election. Gov. Gavin Newsom has 14 days to proclaim the special election and set a date.
Valero is planning to import fuel into the Bay Area once it idles the Benicia Refinery in April. Gov. Gavin Newsom's office touted the plan as one that will "help maintain steady supply and stable prices."
Blocked lanes and backed-up traffic – it's a familiar sight within Caltrans' major construction project through downtown Sacramento. Many drivers want to know: When will it end?
An assault in Midtown Sacramento on Halloween weekend has now become a homicide investigation after the victim died weeks later from his injuries, officials said Monday.
Sacramento police said a driver who was spotted going at a high rate of speed was seriously injured after crashing into another vehicle.
Checking out the holiday lights in Sacramento's Fab 40s neighborhood is an annual Christmas tradition. It can sometimes cause big traffic jams, but this year, there's a new traffic twist thanks to some mysterious signs.
Crew members of flight 2026 reported a bird strike not long after the flight took off from the Sacramento airport, Alaska Airlines said on Tuesday.
A federal appeals panel has ruled that a California law prohibiting open carry of firearms in heavily populated counties is unconstitutional.
Leaders across Northern California and the Bay Area are reacting after President Trump's announcement that the United States carried out strikes in Venezuela and captured President Nicolás Maduro.
Mom-and-pop shops will be exempt from this change, but big manufacturers in California will need to start adding folic acid to tortillas beginning January 1.
A Mammoth Mountain ski patroller has died after he was caught in an avalanche while doing mitigation work on Friday, the resort said.
A California Highway Patrol task force this month arrested 13 people and recovered over $800,000 in stolen merchandise in connection with an organized retail theft ring that operated across Northern California.
Giannis Antetokounmpo had 37 points and 11 rebounds as the Milwaukee Bucks sailed to a 115-98 victory over the Sacramento Kings.
The Eagles will begin their quest for a second-straight Super Bowl vs. the San Francisco 49ers in the wild-card round of the NFL playoffs.
Sam Darnold and the Seattle Seahawks defeated the San Francisco 49ers 13-3, winning the division and becoming the top seed in the NFC.
San Francisco 49ers Pro Bowl left tackle Trent Williams and receiver Ricky Pearsall missed the Week 18 game against the Seattle Seahawks due to injuries.
Devin Booker scored 33 points, 20 in the first quarter, and the Phoenix Suns pulled away in the second half for a 129-102 victory over the struggling Sacramento Kings on Friday night.
The vacancy created by California Rep. Doug LaMalfa's death will now be filled in a new special election. Gov. Gavin Newsom has 14 days to proclaim the special election and set a date.
The webpage, featured under the official whitehouse.gov domain, says Democrats framed "the event as a violent coup attempt orchestrated by Trump."
According to his office, LaMalfa died at the age of 65 early Tuesday morning. Those who knew him described him as a lawmaker known for his hard work and dedication, but also for his humor and compassion.
President Trump wants the matter settled before the end of his term, White House press secretary Karoline Leavitt said.
The Trump administration plans to halt billions of dollars in federal funding for social services programs in five states led by Democrats following allegations of fraud.
New research recommends against drinking coffee or tea served by airlines, urging travelers to stick to bottled water.
FDA-approved semaglutide drug is the first GLP-1 pill for weight loss available in the U.S., according to drugmaker Novo Nordisk.
Mom-and-pop shops will be exempt from this change, but big manufacturers in California will need to start adding folic acid to tortillas beginning January 1.
Millions of people with an Affordable Care Act health plan face a massive jump in premiums next year — this chart shows just how much.
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.
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.
Steve Large reports.
Here is a look at your next seven days of weather!
An up-and-coming neighborhood in north Stockton is getting a major new addition. After years of waiting, Inspiration Park in the new Westlake Community will officially open to the public in the coming weeks.
Sacramento Municipal Utility District is canceling its agreement to purchase power from the Coyote Creek project.
A West Sacramento man was confirmed to have died after a plane crashed into a North Sacramento field on Christmas Eve, officials said Tuesday.