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 Fifth Annual City of Trees Parade and Mardi Gras Festival has wrapped up in Sacramento, bringing the spirit of New Orleans to the Capital City.
Anti-war demonstrators mobilized in Sacramento on Saturday to voice their opinions about the deadly strikes in Iran.
One person died in a multiple vehicle crash on Highway 4 near the Old River Bridge in the Discovery Bay area, officials said on Saturday.
One person died in a two-vehicle crash just west of Vacaville Saturday morning, authorities said.
A rare celestial event will be taking place in the sky above California on Saturday night, as six planets are expected to be visible in what is being called a "planetary parade."
President Trump said that "heavy and pinpoint bombing" of Iran would "continue, uninterrupted throughout the week or, as long as necessary."
The Fifth Annual City of Trees Parade and Mardi Gras Festival has wrapped up in Sacramento, bringing the spirit of New Orleans to the Capital City.
Anti-war demonstrators mobilized in Sacramento on Saturday to voice their opinions about the deadly strikes in Iran.
Another rate hike for parking meters across Sacramento is being considered to help balance the city's $66 million budget deficit.
One person died in a multiple vehicle crash on Highway 4 near the Old River Bridge in the Discovery Bay area, officials said on Saturday.
Another rate hike for parking meters across Sacramento is being considered to help balance the city's $66 million budget deficit. Here are the changes that could be coming to parking spaces across the city.
Adding to the Sacramento skyline is a $300 million project to replace one of the city's most prominent landmarks: the I Street bridge.
If you drive into Sacramento, chances are you're being caught on camera.
Improving access to food and lifting a community — that's been the mission of Universoul Cafe, a Black-owned Sacramento food recovery organization since 2019.
Mayor Kevin McCarty announced a popular midtown business is expanding to fill the old riverfront Rio City Cafe site, which suddenly closed in 2024 in a dispute with the city.
A California judge has tentatively stopped the state from canceling commercial licenses for more than 20,000 immigrant truck drivers.
There's a push at the California State Capitol to allow community colleges to offer bachelor's degree programs.
This week's avalanche north of California's Lake Tahoe has become the deadliest in the state's recorded history. Here are the warning signs experts say you should recognize to avoid avalanche danger.
The California Highway Patrol said the three men were fixing a tire chain on the side of Highway 50 when they were struck by a driver who had lost control of his vehicle. All three suffered major injuries and were taken to the hospital.
The CEO of the California High-Speed Rail Authority was arrested earlier this month in Folsom on suspicion of domestic battery, officials said Monday.
Precious Achiuwa had a career-high 29 points and added 12 rebounds, Maxime Raynaud scored 22 points and the Sacramento Kings beat the Dallas Mavericks 130-121 on Thursday night.
Reed Sheppard made a career-high seven 3-pointers and scored 28 points, Alperen Sengun had 26 points, 13 rebounds and 11 assists, and the Houston Rockets beat the Sacramento Kings 128-97 on Wednesday night.
Russell Westbrook scored 25 points, and Precious Achiuwa had 22 points and 12 rebounds as the Sacramento Kings snapped a 16-game losing streak — the longest in franchise history — with a 123-114 victory over the Memphis Grizzlies.
Through a sudden death overtime goal, the U.S. men's hockey team is golden over Canada.
Victor Wembanyama had 28 points and 15 rebounds, and the San Antonio Spurs beat the Sacramento Kings 139-122 for their eighth straight win and a sweep of their two games in Austin.
President Trump posted on social media that Iranian Supreme Leader Ayatollah Ali Khamenei had been killed after a massive U.S. and Israeli military operation Saturday.
Trump ally Sen. Lindsey Graham said the operation would be "violent, extensive and I believe, at the end of the day, successful."
After the Trump administration cut it off, Anthropic CEO Dario Amodei told CBS News in an exclusive interview Friday night he wants to work with the military — but only if it addresses the firm's concerns.
President Trump said that "heavy and pinpoint bombing" of Iran would "continue, uninterrupted throughout the week or, as long as necessary."
Hours before Anthropic CEO Dario Amodei's interview, Defense Secretary Pete Hegseth deemed the AI company a "supply chain risk to national security," which restricts military contractors from doing business with Anthropic.
Multiple elephant seal pups along the Northern California coast have tested positive for the deadly avian influenza, or bird flu, according to new research from the University of California.
Here's what to know about TrumpRx, including how it works, who can use it, and how much money it can save.
Health officials in the East Bay said a man has died from consuming toxic wild mushrooms, amid an ongoing spike in mushroom-related poisonings throughout California.
Health officials in Napa County confirmed Wednesday that a child has been diagnosed with measles in the county's first case in nearly 15 years.
The Harmony Health Street Medicine team spends their days visiting encampments and connecting with vulnerable people, meeting them where they are and offering care outside of a clinic and without barriers.
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.
A man has been arrested and charged in connection with the Tiger Fire that burned 118 acres in California's Amador County last summer and forced evacuations near Pioneer.
A major home developer is rethinking how communities are built in wildfire-prone areas and the future is taking shape in El Dorado County.
San Joaquin County secured a grant aimed at helping to build a wildfire protection plan for the entire county.
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.
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.
The Fifth Annual City of Trees Parade and Mardi Gras Festival has wrapped up in Sacramento, bringing the spirit of New Orleans to the Capital City.
Anti-war demonstrators mobilized in Sacramento on Saturday to voice their opinions about the deadly strikes in Iran.
Bullfrogs win 85-82 over Mustangs.
Lions win 52-38 over Bullfrogs.
Placer wins 58-43 over East Union.