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.
California is toughening its DUI laws after Gov. Gavin Newsom signed four bills aimed at increasing penalties for impaired drivers and repeat offenders.
Leaky roofs, inefficient heating and deteriorating buildings — those are just a few of the improvements that need to be made within Lodi schools.
Starbucks announced that its 1901 J Street location is among at least six stores in the Sacramento region that are closing in a sweep of nationwide store closures. Small business owners in midtown say they understand why.
The Senate on Thursday approved a sweeping college sports bill to establish a federal framework for college athletics aimed at protecting student athletes — despite some pushback from some Democrats who argue that it could do the opposite.
OpenAI said it has chosen not to release its new GPT-6.1 Astra model due to concerns about safety, as industry leaders warn of the risks posed by ever-more-powerful AI technology.
A woman killed in a shooting outside an Arden-area trampoline park was trying to leave what her father described as an abusive marriage with the man now accused of killing her.
California utility workers will have new legal protections after Gov. Gavin Newsom signed a bill increasing penalties for assault and battery against workers while they are performing their jobs.
California is toughening its DUI laws after Gov. Gavin Newsom signed four bills aimed at increasing penalties for impaired drivers and repeat offenders.
Drones are becoming an increasingly common tool for first responders, giving firefighters and law enforcement an aerial view that can provide critical information during emergencies.
Leaky roofs, inefficient heating and deteriorating buildings — those are just a few of the improvements that need to be made within Lodi schools.
Starbucks announced that its 1901 J Street location is among at least six stores in the Sacramento region that are closing in a sweep of nationwide store closures. Small business owners in midtown say they understand why.
A woman killed in a shooting outside an Arden-area trampoline park was trying to leave what her father described as an abusive marriage with the man now accused of killing her.
Hours spent practicing together on the green can boost social skills and teen connection, but the expense can be an issue preventing more from playing.
Rivercities Baseball Initiative teamed up with local leaders and fans to show their support for this movement.
Two years after the death of their son Colby Tevis from Sacramento to a random act of gun violence, the grief is just as raw. His Mom asks people to light a virtual candle online in memory of her son.
One of the best ways to try to figure out what's going to happen this winter is to look back at previous winters that had similar setups going into the season.
The day has been recognized by California since 1998, but it has not been a regular paid holiday for most state workers.
The couple says their French bulldog, Cassie, was fatally injured after getting between one of them and the bear.
A California bill that would expand organized sports programs in state prisons is now on Gov. Gavin Newsom's desk after receiving unanimous support from lawmakers.
A California Assembly bill that compels homeowners associations to set aside more money for future repairs could also sharply increase monthly HOA fees.
Hours spent practicing together on the green can boost social skills and teen connection, but the expense can be an issue preventing more from playing.
Benjamin Satterley, an English-born wrestler known for high-flying moves that delighted fans worldwide, was known as "Pac."
Rivercities Baseball Initiative teamed up with local leaders and fans to show their support for this movement.
The NFL fined San Francisco 49ers All-Pro fullback Kyle Juszczyk for what it deemed an "offensive" celebration similar to one he had been doing for several years with no issues.
Bob Pettit was an All-American at LSU before going on to the NBA, where he was an All-Star for each of his 11 seasons, all with the Hawks. He led them to the 1958 championship over the mighty Boston Celtics, the Hawks' lone title.
California is toughening its DUI laws after Gov. Gavin Newsom signed four bills aimed at increasing penalties for impaired drivers and repeat offenders.
The Senate on Thursday approved a sweeping college sports bill to establish a federal framework for college athletics aimed at protecting student athletes — despite some pushback from some Democrats who argue that it could do the opposite.
California utility workers will have new legal protections after Gov. Gavin Newsom signed a bill increasing penalties for assault and battery against workers while they are performing their jobs.
The meeting comes as some industry leaders warn about the risks of rapid AI advancements.
President Trump moved to cancel almost $1 billion in spending that was approved by Congress, marking the second time his administration has employed a rarely used tactic that some lawmakers in both parties have called illegal.
Placer County has reported its first human case of West Nile virus this season as mosquito activity continues across the region and cases statewide have climbed to more than three times the number reported at this point last year.
The CDPH said an unvaccinated passenger who later was hospitalized with measles traveled around the country by train and bus, eventually moving through at least six California counties before heading to Denver, Colorado.
Planned Parenthood Mar Monte, the largest affiliate in the country, launched a new lineup of services more than six months ago in Sacramento that they say is helping fill a critical funding gap: aesthetics.
Nearly half of Americans with medical debt owe at least $2,000, forcing them to make tough choices, new research shows.
For children facing cancer and other serious medical conditions, a hospital stay can be especially difficult. But at hospitals across Northern California, one familiar superhero is helping bring some joy to kids who need it most.
During the program's first year, it will be offered at about 65 to 75 hospitals that handle about a quarter of births in the state and largely serve low-income patients, Newsom's office said.
Fresh off their undefeated season and conference championship win, the women on the team are speaking out for the first time.
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.
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.
The Dome Fire in California's Yosemite National Park has rapidly grown as firefighters work to slow the flames burning in steep terrain in Mariposa County.
The Lucas Fire burning in the Potter Valley area of Mendocino County, right at the Lake County border, has prompted an evacuation order.
Two firefighters were injured while battling a wildfire in California's Mariposa County that prompted evacuation orders and road closures.
An evacuation order for the Ross Fire in Calaveras County was downgraded as crews stopped the forward progress.
The evacuation order and warning were lifted for the Clover Fire in the Alta Sierra area in Nevada County on Friday afternoon.
Their message is simple: keep showing up, keep moving and keep your heart open, because sometimes, the person who changes your life is living right across the street.
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.
California is toughening its DUI laws after Gov. Gavin Newsom signed four bills aimed at increasing penalties for impaired drivers and repeat offenders.
Carmela Karcher reports.
Ashley Sharp reports.
Brady Halbleib reports.
Darrielle Fair reports.