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.
Caden Pinnick threw two of his five touchdown passes to Zach Jones, Jordan Fisher had 140 yards rushing, which included a 50-yard touchdown run, and UC Davis beat Rhode Island 47-20 in the second round of the FCS playoffs.
A love for music has turned into a mission to give back as a North Sacramento musician is starting a studio from scratch, one that not only launches new artists but also reinvests in the very community where he grew up.
One week after a mass shooting that left four people dead and thirteen others wounded, thousands of Stockton families gathered downtown Saturday night for the city's annual Christmas tree lighting.
Zach LaVine scored a season-high 42 points, including eight 3-pointers, as the Sacramento Kings beat the Miami Heat 127-111.
The Rubio family of Dixon, California, is mourning the loss of 21-year-old Private First Class Tanner Rubio.
One week after a mass shooting that left four people dead and thirteen others wounded, thousands of Stockton families gathered downtown Saturday night for the city's annual Christmas tree lighting.
The Rubio family of Dixon, California, is mourning the loss of 21-year-old Private First Class Tanner Rubio.
Caden Pinnick threw two of his five touchdown passes to Zach Jones, Jordan Fisher had 140 yards rushing, which included a 50-yard touchdown run, and UC Davis beat Rhode Island 47-20 in the second round of the FCS playoffs.
A love for music has turned into a mission to give back as a North Sacramento musician is starting a studio from scratch, one that not only launches new artists but also reinvests in the very community where he grew up.
As the holiday season shifts into high gear, struggles are mounting for the Sunrise Mall in Citrus Heights, with more stores shutting their doors.
Sacramento State Hornets head football coach Brennan Marion is leaving the program after just one season to become the offensive coordinator for Deion Sanders's Colorado Buffaloes.
A domestic violence suspect who fled from and fired at Sacramento County Sheriff's deputies early Monday morning before engaging in a hours-long standoff died from a self-inflicted gunshot wound, the Sheriff's Office said.
Last week, the California DMV approved a major expansion for Waymo, allowing the company to bring its robotaxis to more regions across the state, including in parts of Solano, Yolo and Sacramento counties.
The Sacramento County Sheriff's Office said a suspect was arrested in connection with the deadly shooting that happened in the Del Paso Heights area of Sacramento.
A birthday surprise brought a retired racehorse to an East Sacramento neighborhood, all because of a "longshot" call put out on social media and a pair of willing volunteers.
California's public health department said one person has died and several others have suffered severe liver damage due to eating toxic mushrooms that were foraged.
FIFA announced the match-ups and times for the six World Cup 2026 games that will be played at Levi's Stadium.
The Trump administration will start sending more water to California farmers in the state's crop-rich Central Valley.
A California animal rights activist who took four chickens from a Perdue Farms poultry plant in Sonoma County was sentenced on Wednesday to 90 days in jail following her conviction in October.
California's essential health care facilities are wasting money on expensive contract labor amid chronic staffing shortages, even as agencies involved report hundreds of millions of dollars in savings from unfilled positions, a new report shows.
Caden Pinnick threw two of his five touchdown passes to Zach Jones, Jordan Fisher had 140 yards rushing, which included a 50-yard touchdown run, and UC Davis beat Rhode Island 47-20 in the second round of the FCS playoffs.
FIFA announced the match-ups and times for the six World Cup 2026 games that will be played at Levi's Stadium.
The 2026 Men's World Cup will be held across the United States, Canada and Mexico next summer.
The Athletics are on track to open their new Las Vegas stadium on time, officials said Thursday.
Sacramento State Hornets head football coach Brennan Marion is leaving the program after just one season to become the offensive coordinator for Deion Sanders's Colorado Buffaloes.
The Supreme Court said Friday it will decide the legality of President Trump's executive order that seeks to end birthright citizenship.
California lobbyist Greg Campbell pleaded guilty Thursday to charges in connection with stealing funds from Xavier Becerra's dormant campaign account.
Texas approved a new congressional map this summer after Trump urged state GOP lawmakers to craft new House district lines to help Republicans hold onto their majority in the 2026 midterms.
Authorities say the FBI has arrested a man suspected of placing pipe bombs outside RNC and DNC headquarters on the eve of the Jan. 6, 2021, Capitol riot.
In the aftermath of the Stockton mass shooting, there are new calls to restore funding to a gun violence prevention program forced to close in March due to federal Department of Government Efficiency cuts.
California's public health department said one person has died and several others have suffered severe liver damage due to eating toxic mushrooms that were foraged.
The plan is to embed street medicine training directly into residency programs across multiple hospitals.
Consumers with the imported pans should throw them away due to the severe health risks posed by lead, the agency warns.
Ray Cathey is on a journey from silence to new sounds. Cathey's hearing took a pounding when he was an air rescue paramedic during the Vietnam War.
ByHeart said it can't rule out that all of its baby formula across all product lots could be contaminated, citing recent test results.
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.
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.
The TCU Lightning Complex fires have burned nearly 14,000 acres in Central California, but in a Saturday update, Cal Fire said containment was at 42%.
A vegetation fire near El Dorado Hills broke out on Labor Day, quickly growing in size and prompting evacuations, officials said.
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.
McClymonds beats Roseville 42-34.
Sonora wins 41-14 over Woodcreek.
A suspect in an armed robbery at a Fairfield mini mart was arrested after leading police on a pursuit in a stolen vehicle into Napa County on Saturday, authorities said.
A love for music has turned into a mission to give back as a North Sacramento musician is starting a studio from scratch, one that not only launches new artists but also reinvests in the very community where he grew up.
One week after a mass shooting that left four people dead and thirteen others wounded, thousands of Stockton families gathered downtown Friday night for the city's annual Christmas tree lighting.