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 family of former NFL star Aldon Smith is donating his brain to the Boston University CTE Center to research the long-term effects of repetitive brain injuries following his sudden death at age 36.
A stretch of Interstate 5 near Stockton was closed due to police activity Tuesday morning.
Residents along part of East Travis Boulevard in Fairfield were told to shelter in place after a gas leak Tuesday morning.
Several lanes on eastbound Interstate 80 in Sacramento were blocked Tuesday morning after a deadly crash involving a motorcyclist.
An investigation is underway in Stockton after a woman was found fatally shot late Monday night.
California Gov. Gavin Newsom, a Democrat, said the Justice Department is investigating he and his wife, Jennifer.
The family of former NFL star Aldon Smith is donating his brain to the Boston University CTE Center to research the long-term effects of repetitive brain injuries following his sudden death at age 36.
It's only June, and fires are already popping up across California. Fire officials are predicting a prolonged peak season this year.
The capital city's newest museum is about to open in Old Sacramento, and we got an exclusive inside look.
A stretch of Interstate 5 near Stockton was closed due to police activity Tuesday morning.
The capital city's newest museum is about to open in Old Sacramento, and we got an exclusive inside look.
The shooting happened around 12:30 a.m. on the 500 block of Wisconsin Avenue, police said.
Old Sacramento is one of the city's top tourist attractions, but finding a way to enjoy the water can be a challenge. A new business is now making a big splash in the area.
An arrest has been made in a hit-and-run in Sacramento's Oak Park neighborhood that killed a child and left her father with serious injuries, officials said on Friday.
Several families have secured shelter while advocates say others remain unhoused a week after the City of Sacramento transitioned from its Motel Shelter Program to an Emergency Shelter Vouchers for Families program.
The utility said it is monitoring a wind event forecast to hit the region by Wednesday for expected public safety power shutoffs.
A California couple was injured after discovering their dogs were fighting a bear in the Mammoth Lakes area earlier this week, police said.
Three U.S. citizens, including two California residents, have been arrested by the FBI in connection with an alleged plot to support ISIS.
A series of offshore earthquakes shook near California's North Coast early Wednesday morning.
A massive search effort is ongoing for a man missing since Memorial Day weekend in the Desolation Wilderness near Lake Tahoe.
The family of former NFL star Aldon Smith is donating his brain to the Boston University CTE Center to research the long-term effects of repetitive brain injuries following his sudden death at age 36.
Serena and Venus Williams are getting back together as a doubles team, at Wimbledon. The last time the sisters were a doubles duo was at the 2022 U.S. Open, where they lost their opening match.
Nick Kurtz hit two homers and drove in five runs, Jeff McNeil also went deep and knocked in four, and the Athletics beat the scuffling Pittsburgh Pirates 11-2.
Sacramento State is adding women's flag football as an official team, the school announced Monday.
Veronica Burton scored 12 points and Cecilia Zandalasini contributed 10 for the Valkyries.
The FBI said it disrupted an attempt to attack Sunday's UFC America 250 event at the White House, with court records detailing an alleged plot to use small drones carrying explosives.
California Gov. Gavin Newsom, a Democrat, said the Justice Department is investigating he and his wife, Jennifer.
President Trump's investment accounts traded between $212 million and $695 million in stocks and other securities in the first three months of the year — an unprecedented sum for a sitting president.
The U.S. and Iran are expected to meet for a signing ceremony on Friday, June 19, in Switzerland, Pakistan's prime minister said.
The UFC hosted a fight series on the White House South Lawn Sunday night.
WHO chief Tedros Adhanom Ghebreyesus says risks from the Ebola outbreak in Congo and Uganda are "high at the national and regional levels, and low at the global level."
The cruise ship hit by a deadly hantavirus outbreak has docked at the Dutch port of Rotterdam for disinfection, wrapping up a troubled journey that put world health authorities on alert.
At least 80 deaths have been reported in a new Ebola disease outbreak in Congo and Uganda, authorities said.
Dr. Tracy Beth Høeg, leader of the Food and Drug Administration division responsible for regulating prescription and over-the-counter drugs, is leaving her post, a senior FDA official confirmed.
A West Park High School sophomore is celebrating the end of the school year and a second chance at life after suffering a sudden cardiac arrest during band class last month.
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.
Crews are battling a vegetation fire that was threatening structures near Camanche Reservoir in California's San Joaquin Valley, officials said Wednesday evening.
Six months after a California wildfire destroyed dozens of homes in the Tuolumne County community of Chinese Camp, officials say debris removal is now complete and properties are being returned to their owners.
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.
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.
Find out what kind of weather we're expecting this week.
The crash happened Tuesday morning near Norwood Avenue.
Habitat for Humanity and PG&E are kicked off their new Connecting Hometowns partnership with a volunteer build day.
A Sacramento man’s design was chosen as the FIFA World Cup’s Bay Area host city poster.
Family, friends and teammates gathered in mourning at Sacramento's McClatchy Park.