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 legislation now goes to President Biden's desk, pulling the nation back from the brink of a financial crisis.
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.
The House passed the bill to raise the debt ceiling Wednesday. Now, the Senate will take it up.
The debt ceiling deal has cleared both chambers of Congress and is headed to the president's desk.
The House Democratic leader said he can guarantee the U.S. will not default on its debt.
After days of intense negotiations and weeks of talks, an agreement in principle has been reached to raise the debt ceiling.
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.
Instituto Mazatlán de Bellas Artes in Sacramento aims to bring the community an affordable and accessible studio to learn traditional Ballet Folklorico and perform on the big stage.
An arrest has been made in connection to a triple homicide in Lodi that happened in June, authorities said Monday.
An employee of a middle school on the Peninsula was arrested Monday for allegedly committing lewd acts with a minor on campus, police said.
The function is not a diagnostic tool, but can tell watch-wearers if they are exhibiting signs of sleep apnea.
Restaurant chain's push into robotics could help improve accuracy and and address complaints about skimpy orders.
Former President Donald Trump is "safe and unharmed" and a suspect is in custody after allegedly pointing a high-powered rifle through golf course fence, officials said.
Northern California Holocaust survivor Nick Hope turned 100 years old on Sunday.
Two Nevada City police officers who were at the scene of a crash were sent to the hospital early Sunday morning after they were hit by a suspected DUI driver, police said.
Sacramento is getting a new street name that will put the city's car culture on the map.
Instituto Mazatlán de Bellas Artes in Sacramento aims to bring the community an affordable and accessible studio to learn traditional Ballet Folklorico and perform on the big stage.
Instituto Mazatlán de Bellas Artes in Sacramento aims to bring the community an affordable and accessible studio to learn traditional Ballet Folklorico and perform on the big stage.
Friday was opening night for the Ringling Brothers Circus at the Golden 1 Center in downtown Sacramento. The last time they came to town, the G1C wasn't even open yet.
Land no longer wanted — it's a problem the City of Sacramento is dealing with in one neighborhood. The unusual situation is happening in the Del Paso Nuevo community.
Sacramento public works officials say it was so badly built that it needs to be torn down.
Sacramento State held a watch party for the first presidential debate between Vice President Kamala Harris and former President Donald Trump.
A man who was scheduled to return from a backpacking trip in Yosemite National Park in late August was found dead on Saturday, park officials said.
Forward progress has been stopped for a fire burning in southeastern Butte County that forced officials to issue evacuation warnings on Thursday.
Francis Ford Coppola sued Variety, saying a story that claimed he ran an unprofessional set and tried to kiss female extras was false and libelous.
Smash-and-grab retail thefts that result in major damage to businesses will bring longer sentences in California after Gov. Gavin Newsom signed bill into law Thursday.
Firefighters were making some progress Monday morning as they battled the Boyles Fire in Lake County that burned upwards of 30 structures in the town of Clearlake.
The Padres overcame right-handed batter Heliot Ramos' splash homer with a 4-3 win over the Giants on Sunday.
The White Sox beat the A's 4-3 on Sunday behind home runs from Gavin Sheets and Bryan Ramos.
An attacking defense again fueled the Minnesota Vikings in a 23-17 victory over the San Francisco 49ers.
The Baltimore Ravens' home opener was spoiled with a 26-23 loss to the Las Vegas Raiders on Sunday at M&T Bank Stadium.
Andrew Benintendi hit a leadoff homer in the ninth inning, and the Chicago White Sox stopped a 16-game home losing streak by edging the Oakland Athletics 7-6.
Ryan Wesley Routh was allegedly armed with an AK-47-style rifle in an apparent assassination attempt on former President Donald Trump.
Former President Donald Trump is "safe and unharmed" and a suspect is in custody after allegedly pointing a high-powered rifle through golf course fence, officials said.
The former first lady, senator, secretary of state and presidential nominee opens up about personal matters in her new book, "Something Lost, Something Gained: Reflections on Life, Love, and Liberty."
They wrote in a statement that if former Republican President Ronald Reagan was alive, he would back Vice President Kamala Harris' candidacy.
Government figures show it now costs more than $300,000 to raise a child from birth to age 18.
The function is not a diagnostic tool, but can tell watch-wearers if they are exhibiting signs of sleep apnea.
Thanks to vaccinations, measles was declared eliminated in the U.S. in 2000. But measles cases are now back; one reason is that more families have exempted their children from routine immunizations than ever before.
Boar's Head will no longer make liverwurst and is indefinitely closing the location where the product was made, impacting 500 workers.
Drug overdose deaths from opioids such as heroin and fentanyl have fallen from a peak in 2023.
A third of the cinnamon powders and spice mixtures tested yielded alarming results, advocacy group's study finds.
College classes are now back in session, and CBS13 and the Call Kurtis consumer investigative team have been on the lookout for discounts for college students that they may not even realize they can receive.
Places like Big Lots and 99 Cent Only stores have been closing across the region, but there's one type of retailer that's making a resurgence.
When you've got to go, you've got to go. But it's sometimes tough to find a restroom available to the public. Kurtis Ming is getting answers on your rights to access.
South Natomas community members got their first look at plans to build a new Topgolf attraction in the neighborhood.
A Stockton gas station owner took it upon himself to keep prices low. At Ernie's General Store, the cash price for a gallon of gas is $3.99.
A CBS News California investigation found roughly half of California voters will have someone new to the job running their presidential election this year.
California lawmakers are trying again to give public school teachers paid family leave. Critics worry it could come at the actual expense of students.
Lawmakers quietly amended a bill prompted by a decade-long CBS investigation into California's Newborn Genetic Biobank. They removed the part that requires the state to reveal who is using our DNA for research and why.
The doctor who was released from jail after driving his family off a cliff is being called the "poster child" for and against a California law that allows attempted murder defendants to get at-home mental health treatment instead of standing trial for alleged crimes.
It was an emotional day in court for many who lived through the shootout and Abril's later escape.
Chase Bank is accepting responsibility for a mistake that caused a check written for $400 to deduct $4,000 from a Sacramento viewer's Wells Fargo account.
Have you been noticing lower prices at the gas pump lately?
College classes are now back in session, and CBS13 and the Call Kurtis consumer investigative team have been on the lookout for discounts for college students that they may not even realize they can receive.
When you've got to go, you've got to go. But it's sometimes tough to find a restroom available to the public. Kurtis Ming is getting answers on your rights to access.
A Sacramento man said his bank added a zero to a check he wrote. When it put his account in the red, it was time to call Kurtis.
Forward progress has been stopped for a fire burning in southeastern Butte County that forced officials to issue evacuation warnings on Thursday.
El Dorado and Placer County communities continue to recover two years after the Mosquito Fire burned more than 76,000 acres.
Several areas were repopulated in Sierra County days after a wildfire erupted in Northern California's Tahoe National Forest.
The man accused of igniting the Park Fire, which has grown to be California's fourth-largest wildfire ever, has pleaded not guilty to a charge of arson, prosecutors said Thursday.
A flash flood warning will be in effect this weekend for the Park Fire burn scar area as wet weather is expected to roll through Northern California.
Kids and teens in Stockton are flocking to a program that's offering them the opportunity of a lifetime.
More than one hundred customers came out to celebrate the grand reopening of a restaurant that's been around for seven decades.
Pursuing higher education can be challenging for any college-bound student and for former foster youth, doing it alone can seem impossible.
A celebration at Sacramento Charter High on Thursday as college-bound seniors announced their campus of choice and 95% were accepted into four-year schools.
A bank employee in Lodi has some big bragging rights. He's never missed a day of work in his 47 years on the job and now he's getting ready to retire.
An arrest has been made in connection to a triple homicide in Lodi that happened in June, authorities said Monday.
The Lincoln Fighting Zebras are off to their best start in over a decade and they joined the Red Zone Chat to talk about what's been working right this season.
For three decades in Sacramento, this studio has been putting their heritage on the big stage.
Sacramento is getting a new street name that will put the city's car culture on the map.
A Northern California holocaust survivor turned 100 years old and many gathered to celebrate his century of life.