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.
President Trump says he is nominating Kevin Warsh to be the next chair of the Federal Reserve, filling a powerful economic policy role as the president pushes for lower interest rates.
Skiing great Lindsey Vonn crashed in her final downhill before the Milan Cortina Winter Olympics.
The Pacific Tigers men's volleyball program was discontinued after 2014. Now, more than a decade later, it's making a comeback.
Adoption is becoming the newest way to assist people who are homeless in Sacramento. Here is an inside look at the unusual fundraising effort at one local homeless shelter and how the money will help.
The Armenian American community sharply criticized Dr. Mehmet Oz after he claimed the "Russian Armenian Mafia" is running a $3.5 billion hospice care fraud scheme in Los Angeles.
The family owned the tutoring business Grade Power Learning in Elk Grove.
President Trump says he is nominating Kevin Warsh to be the next chair of the Federal Reserve, filling a powerful economic policy role as the president pushes for lower interest rates.
A former general manager of CapRadio in Sacramento is accused of embezzling more than $1.3 million from the nonprofit for personal use, authorities said on Thursday.
Skiing great Lindsey Vonn crashed in her final downhill before the Milan Cortina Winter Olympics.
Mark Zuckerberg and his company, Meta, are putting $50 million into a partnership to build a new Sacramento State University campus where old, unused state office space currently sits downtown.
Adoption is becoming the newest way to assist people who are homeless in Sacramento. Here is an inside look at the unusual fundraising effort at one local homeless shelter and how the money will help.
Mark Zuckerberg and his company, Meta, are putting $50 million into a partnership to build a new Sacramento State University campus where old, unused state office space currently sits downtown.
The Sacramento Police Department said officers shot and killed a suspect while responding to a bank robbery on Thursday afternoon.
It has been a year and a half since Athena and Mateo Lee were last seen after their mother, Angelica Bravo, was found dead in a north Sacramento home.
Troubled by tariffs, some Sacramento Valley farmers and ranchers say their profits are plummeting due to new federal trade policies.
The Fremont factory will still manufacture Model 3 and Y, but the space where Model S and X are made will instead focus on mass production of Tesla's Gen 3 Optimus robots.
California Democratic lawmakers have already banned federal agents from wearing masks starting this year. A new bill would allow Californians to sue federal officers for violating civil rights.
More than 3,000 people showed up to honor Congressman Doug LaMalfa during his memorial service at the Silver Dollar Fairgrounds in Chico.
A memorial service for Republican Congressman Doug LaMalfa will be held on Saturday in Chico.
California's Dream For All program is reopening applications next month, offering down payment assistance to eligible first-generation homebuyers struggling to break into the state's expensive housing market.
Skiing great Lindsey Vonn crashed in her final downhill before the Milan Cortina Winter Olympics.
The Pacific Tigers men's volleyball program was discontinued after 2014. Now, more than a decade later, it's making a comeback.
Tyrese Maxey scored 40 points, including the winning layup with 1.3 seconds remaining, Joel Embiid had 37 points and the Philadelphia 76ers rallied to edge the Sacramento Kings 113-111.
The Knicks dominated the fourth quarter to beat the Kings 103-87 on Tuesday night for their third straight victory.
Free agent outfielder Harrison Bader and the San Francisco Giants have agreed to a $20.5 million, two-year contract.
President Trump says he is nominating Kevin Warsh to be the next chair of the Federal Reserve, filling a powerful economic policy role as the president pushes for lower interest rates.
California Rep. Josh Harder was joined by other leaders from the state and local levels in conducting federal oversight of the Stockton ICE facility.
President Trump is suing the Internal Revenue Service and Treasury Department for at least $10 billion, claiming the agencies unlawfully allowed an IRS contractor to leak his tax returns and those of his sons and company.
Mark Zuckerberg and his company, Meta, are putting $50 million into a partnership to build a new Sacramento State University campus where old, unused state office space currently sits downtown.
The deal comes ahead of the Saturday shutdown deadline, but it will also need the approval of the House, which isn't scheduled to return until Monday — and at least one Republican senator has pushed back.
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.
Kaiser Permanente has reached a lawsuit settlement over alleged patient data breaches involving Kaiser websites and mobile applications, with members eligible to receive a payment from a $46 million settlement fund, the health care giant announced.
After the ACA tax credit lapsed in December, enrollees are opting for less robust health plans or dropping coverage altogether.
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 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.
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.
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.
Charlie Lapastora reports.
Adoption is becoming the newest way to assist people who are homeless in Sacramento. Here is an inside look at the unusual fundraising effort at one local homeless shelter and how the money will help.
Madisen Keavy reports.
CBS13 political analyst Gary Dietrich joins us in studio.
Mark Zuckerberg and his company, Meta, are putting $50 million into a partnership to build a new Sacramento State University campus where old, unused state office space currently sits downtown.