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.
Ryan Nelson is a multi-skilled reporter for CBS News Sacramento and Good Day.
Sacramento's Oak Park farmers market won't be returning this spring.
A woman has died after an early morning shooting in Sacramento, police say.
FIFA says it has received over 500 million ticket requests for 2026 World Cup matches in the U.S., Canada and Mexico— with prices as high as $8,680.
With San Joaquin County experiencing growth, there are plans in the works to connect the county to the Bay Area with a new train: the Valley Link.
A panel for the U.S. Central District Court of California ruled Democrats can proceed in using their redrawn congressional maps for the 2026 midterm elections.
President Trump and California Gov. Gavin Newsom are both pitching plans to restrict corporations from buying single-family homes.
Another allegation against Busfield was reported to law enforcement the same day he turned himself in, according to a court filing.
Sacramento's Oak Park farmers market won't be returning this spring.
A woman has died after an early morning shooting in Sacramento, police say.
Work is continuing in Downtown Sacramento on building a new soccer stadium for the Republic FC, which is scheduled to open in 2027. But some people are protesting one of the ways that the new stadium is being funded.
It's been a grim start to the new year, with four more people dying over the weekend in car crashes on Sacramento streets. Traffic safety advocates say they happened on roads known for dangerous speeds and intersections.
There's another roadblock in seeking justice for a woman who was hit and nearly killed while riding her bike in Sacramento.
Around 9:15 p.m., deputies responded to the 2400 block of Larkspur Lane and found a man who had been shot once in the chest.
Law enforcement officials say a protest near the ICE building in downtown Sacramento led to vandalism but no arrests or confrontations with officers.
President Trump and California Gov. Gavin Newsom are both pitching plans to restrict corporations from buying single-family homes.
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.
Current drought maps are showing California is drought-free for the first time in 25 years.
A man convicted in a retail theft spree across 11 Northern California counties between 2023 and 2025 was sentenced to prison on Wednesday, authorities said.
This week, the U.S. Centers for Disease Control and Prevention (CDC) issued new vaccination guidelines and now, some western states are telling people they're too dangerous to follow.
FIFA says it has received over 500 million ticket requests for 2026 World Cup matches in the U.S., Canada and Mexico— with prices as high as $8,680.
The Kings (11-30) won their third straight to spoil the return of Knicks coach Mike Brown, who made his first appearance in Sacramento since being abruptly fired early in the 2024-25 season.
Head coach Kyle Shanahan stated that the goal is for Warner to return "next week," referencing a potential NFC Championship Game if the 49ers were to advance past the Seattle Seahawks on Saturday.
Malik Monk made seven 3-pointers and scored 26 points to help the Sacramento Kings to a 124-112 win over the Los Angeles Lakers on Monday night.
The U.S. Trademark Office is rejecting the A's request to trademark the "Sacramento Athletics" name.
President Trump and California Gov. Gavin Newsom are both pitching plans to restrict corporations from buying single-family homes.
An Immigration and Customs Enforcement officer shot a man Wednesday night in north Minneapolis after allegedly being attacked by men with shovels during an arrest operation, three U.S. officials told CBS News.
A panel for the U.S. Central District Court of California ruled Democrats can proceed in using their redrawn congressional maps for the 2026 midterm elections.
The Senate now has two funding packages on its plate ahead of its weeklong recess.
After the meeting, Denmark's foreign minister said they're eager to work with the U.S. while respecting the "red lines of the Kingdom of Denmark."
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.
Officials said there were 35 cases of wild mushroom poisoning across California between Nov. 18 and Jan. 4. In an average year, fewer than five cases of wild mushroom poisoning occur statewide, according to Sonoma County health officials.
This week, the U.S. Centers for Disease Control and Prevention (CDC) issued new vaccination guidelines and now, some western states are telling people they're too dangerous to follow.
New research recommends against drinking coffee or tea served by airlines, urging travelers to stick to bottled water.
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.
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.
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 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.
People who live near some schools say the students and their cars are becoming a neighborhood nuisance. Elk Grove city leaders are now taking steps to ban kids from parking off campus.
Sacramento police said one person was arrested.
Busfield is known in Sacramento for his role in founding B Street Theatre.
Steve Large reports.