As inflation cools, workers "are getting ahead," Treasury's Yellen says
"Americans should feel confident that inflation will come down to levels that will no longer really be noticeable or worrisome to them," Yellen told CBS News.
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"Americans should feel confident that inflation will come down to levels that will no longer really be noticeable or worrisome to them," Yellen told CBS News.
"We're not messing around," Union chief Shawn Fain said in setting Friday deadline unless talks progress with Big Three automakers.
The House passed the bill to raise the debt ceiling Wednesday. Now, the Senate will take it up.
To pass their debt ceiling deal, House Speaker Kevin McCarthy and President Joe Biden will now have to sell it to their respective parties.
House Speaker Kevin McCarthy says Republican negotiators are "closer to an agreement" that would resolve the looming debt crisis, but there's no deal yet with President Joe Biden.
Millions of Social Security recipients "need to be very careful" about spending because payments could be delayed, one expert said.
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."
The treasury secretary moved up her estimate of when the U.S. risks defaulting on its debt.
The treasury secretary says the plan would be set in motion if additional collapses trigger a run on banks.
"Americans can feel confident that their deposits will be there when they need them," the treasury secretary is expected to tell Congress Thursday.
The collapse of Silicon Valley Bank is the largest of a financial institution since the failure of Washington Mutual in 2008.
The treasury secretary warned household payments on mortgages and auto loans would go up, and other payments to military families and seniors would not be made.
Janet Yellen is set to unveil the first U.S. currency bearing her signature, marking the first time that U.S. bank notes will bear the name of a female treasury secretary.
A teenager who fired a gun during an after-school skirmish at Fairfield High School in September was already awaiting sentencing in a separate gun assault case at the time and will serve six months in detention for both cases, police said.
Frank Gehry was known for designing the Guggenheim Museum Bilbao in Spain and the Walt Disney Concert Hall in Los Angeles.
The Supreme Court said Friday it will decide the legality of President Trump's executive order that seeks to end birthright citizenship.
European regulators said X breached transparency rules under the Digital Services Act, a sweeping EU law intended to protect internet users.
The 2026 Men's World Cup will be held across the United States, Canada and Mexico next summer.
San Joaquin County is launching an investigation into whether the business operating the space where the Stockton mass shooting happened should have even been open.
A teenager who fired a gun during an after-school skirmish at Fairfield High School in September was already awaiting sentencing in a separate gun assault case at the time and will serve six months in detention for both cases, police said.
Frank Gehry was known for designing the Guggenheim Museum Bilbao in Spain and the Walt Disney Concert Hall in Los Angeles.
The Supreme Court said Friday it will decide the legality of President Trump's executive order that seeks to end birthright citizenship.
Manteca police say they are seeking help identifying three suspects after dozens of vehicles were broken into at the Great Wolf Lodge on Thanksgiving morning.
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.
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.
California unveiled a new online portal on Wednesday for residents to report alleged misconduct by federal agents during operations to enforce immigration laws.
The family of a teenage boy identified him as one of the four people killed at a Stockton birthday party over the weekend, while the city's school district offered support resources for students and staff affected.
California is beginning the annual water planning process for the upcoming year with a conservative estimate of the water it will deliver across the state, while noting that the recent wet weather is helping out, authorities said Monday.
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.
Former Angels and Rangers manager Ron Washington is returning to the Bay Area to become infield coach for the San Francisco Giants on new manager Tony Vitello's staff.
Alperen Sengun had 28 points and 10 rebounds, Kevin Durant scored 24 points and the Houston Rockets beat the Sacramento Kings 121-95 on Wednesday night.
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.
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.
In the last decade, more than 50 maternity wards have closed in California hospitals. Now, state lawmakers are delivering new rules to make it easier for moms to use a midwife.
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.
Meteorologist Kristine Hanson says valley fog helping keep temperatures cool, the foothills and Sierra will see sunny skies, and dry conditions will persist through next week.
Three Sisters Gardens has been turning vacant lots into thriving urban farms for nearly eight years in West Sacramento.
As North Sacramento community members light up their annual holiday tree, there is a new idea being unveiled to brighten up the neighborhood.
Here's when experts say is the best time to shower.
A Citrus Heights man has discovered he was quite literally born to wear the suit.