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 U.S. averted disaster by raising the debt ceiling, but a mild recession is still possible even as job numbers remain hot, according to the head of Bank of America. Mark Strassmann breaks down how the U.S. economy is doing.
President Biden Saturday signed a bipartisan bill that will suspend the nation's debt ceiling and avoid what could have been a catastrophic government default. Christina Ruffini has more.
President Biden will likely sign the debt limit bill later today after the House and Senate approved it this week. It's a win for the president as the 2024 campaign season gets underway in earnest. CBS News Correspondent Wendy Gillette reports from New York.
President Biden delivered remarks from the Oval Office Friday night after Congress passed bipartisan legislation to suspend the U.S. debt limit until 2025. Watch his address in this CBS News Special Report, with analysis from Margaret Brennan and Nancy Cordes.
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 U.S. Senate is now taking up the compromise bill to raise the debt ceiling and avoid a catastrophic default. The House overwhelmingly passed the measure on Wednesday, but there are some grumblings in the Senate. Natalie Brand reports.
A majority of Democrats and a majority of Republicans voted in favor of the Fiscal Responsibility Act.
Skyler Henry reports on members of the House of Representatives debating the White House debt ceiling deal (5-31-2023)
House Freedom Caucus members are unhappy with the debt ceiling deal between House Speaker Kevin McCarthy and President Biden.
Natalie Brand reports on members of the House of Representatives preparing to vote on the White House debt ceiling deal (5-31-2023)
Scott McFarland reports on criticism leveled from both sides of the aisle against debt limit bill (5-29-2023)
President Biden and House Speaker McCarthy both expressed optimism that they would be able to get their respective parties on board for the debt ceiling plan they negotiated. Natalie Brand has the latest.
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.
Bradley Blackburn reports on agreement reached to raise debt limit just days ahead of default (5-28-2023)
The massive storms that soaked California at the beginning of this year allowed many in the state to automatically be granted a tax extension. But that’s causing problems for the U.S. balance sheet as it approaches the deadline to raise the debt ceiling. Julie Weil, a tax reporter for the Washington Post, has more.
Republican lawmakers want the government to slash federal spending, which ballooned during the pandemic.
President Joe Biden wrapped up a meeting with House Speaker Kevin McCarthy to discuss raising the debt ceiling as the U.S. government will soon run out of money to pay its bills -- and possibly dive into a recession if no deal is reached. Nicole Sganga reports.
Negotiations over the debt ceiling ended on Capitol Hill as President Joe Biden and House Speaker Kevin Mccarthy prepare for face-to-face talks Monday afternoon.
Following several meetings Friday, White House negotiators and Republican congressional leaders left the Capitol without an agreement on solving the nation's debt ceiling crisis. President Biden is expected to cut short his Asia-Pacific trip to return to Washington to address the issue. Christina Ruffini has the latest.
Without a deal, Treasury Secretary Janet Yellen has said the U.S. could be unable to pay its bills and might default on its debt as soon as June 1.
Skyler Henry reports on the stalemate in the negotiations to raise the debt ceiling and avoid the first federal default in United States history.
The treasury secretary moved up her estimate of when the U.S. risks defaulting on its debt.
Dominic Peterson died last week after collapsing during a two-mile training run with his teammates in Moraga. On Monday, the Peterson family was still searching for answers.
Shay Whitcomb chopped a single with one out in the 11th inning for his first career game-ending RBI, and the San Francisco Giants beat the St. Louis Cardinals 5-4.
California's largest state workers' union is preparing for a possible strike as contract negotiations with the Newsom administration remain unresolved.
A Fairfield man was arrested Monday after police said he threatened people inside a home while armed with a firearm, prompting a standoff that lasted about 90 minutes.
Ari Green was repairing a streetlight when police say a box truck crashed into his city work vehicle. His family is now asking what led to the collision — and whether more could have been done to protect him.
Dominic Peterson died last week after collapsing during a two-mile training run with his teammates in Moraga. On Monday, the Peterson family was still searching for answers.
A Fairfield man was arrested Monday after police said he threatened people inside a home while armed with a firearm, prompting a standoff that lasted about 90 minutes.
Ari Green was repairing a streetlight when police say a box truck crashed into his city work vehicle. His family is now asking what led to the collision — and whether more could have been done to protect him.
A fourth victim in a Central California plane crash died Monday in the hospital, the Fresno County Sheriff's Office said.
Hand in hand, three members of the Hobson family - Lucy, Dave, and Phil - are ready to take a trip back in time. Their portal to the past is found inside the Forever Grateful immersive exhibition that just opened at Golden Gate Park.
Hand in hand, three members of the Hobson family - Lucy, Dave, and Phil - are ready to take a trip back in time. Their portal to the past is found inside the Forever Grateful immersive exhibition that just opened at Golden Gate Park.
A mountain lion was spotted roaming around San Francisco's Panhandle, prompting animal control to respond to the area.
On this busy Labor Day weekend, visitors packed some of San Francisco's most recognizable destinations, from the Golden Gate Bridge and Fisherman's Wharf to Pier 39 and Chinatown.
A person was stabbed while trying to stop a would-be thief who had taken a tip jar from a Marina District business, a witness told CBS News Bay Area.
A San Francisco restaurant is offering more than double the minimum wage to lure the best dishwasher in the city.
Dominic Peterson died last week after collapsing during a two-mile training run with his teammates in Moraga. On Monday, the Peterson family was still searching for answers.
The crash happened around 6:15 a.m. near Sand Creek Road and Shady Willow Lane.
A Richmond police officer was shot and injured after responding to a wellness check Thursday evening near the El Cerrito city limit.
A shooting at Pittsburg police headquarters on Thursday injured an officer and a suspect who brought a gun into a holding cell after not being properly searched, sources told CBS News Bay Area.
Authorities in the East Bay are searching for a suspected shooter after a driver in a pickup was shot on Interstate 80 on Tuesday night.
Ari Green was repairing a streetlight when police say a box truck crashed into his city work vehicle. His family is now asking what led to the collision — and whether more could have been done to protect him.
Eight people, including a teenager, were arrested this week in connection with a deadly shooting in downtown San Jose that took place near a FIFA World Cup watch party venue, police said.
A man riding an e-bike in San Jose early Thursday morning was struck and killed by a dump truck, police said.
A San Francisco Bay Area woman has been charged after police said she intentionally ran over her friend with her vehicle in the parking lot of an apartment complex where they both lived.
San Jose police are searching for a suspect after a shooting left a man with life-threatening injuries late Wednesday night.
The National Park Service is looking for a residential volunteer to help staff the historic Point Reyes Lighthouse this fall and winter, with free housing included.
A minor earthquake shook Sonoma County Thursday morning, according to the U.S. Geological Survey.
Suisun City and the California Forever development group announced on Tuesday that they have finalized the first phase of a revitalization plan for the downtown area of the city.
Two campers who were found dead after they went missing during a canoe trip on Tomales Bay over the weekend have been identified.
A man arrested in connection with a series of home burglaries in the North Bay and the East Bay has been connected to additional thefts, deputies said.
Shay Whitcomb chopped a single with one out in the 11th inning for his first career game-ending RBI, and the San Francisco Giants beat the St. Louis Cardinals 5-4.
Bo Bichette launched a go-ahead three-run homer with two outs in the eighth inning after an intentional walk to Juan Soto, and the Mets rallied for a 4-2 victory over the Giants on Sunday.
Wayne Knight ran for two touchdowns in the fourth quarter following interceptions by Ta'Shawn James and UCLA opened the Bob Chesney era with a 45-24 victory over California.
Rafael Devers and Christian Koss each homered twice Saturday, powering the Giants to a 9-5 win over the Mets.
"I was just eager to get on the field," said Mensah, who transferred this offseason from Duke.
A Fairfield man was arrested Monday after police said he threatened people inside a home while armed with a firearm, prompting a standoff that lasted about 90 minutes.
A person was stabbed while trying to stop a would-be thief who had taken a tip jar from a Marina District business, a witness told CBS News Bay Area.
Eight people, including a teenager, were arrested this week in connection with a deadly shooting in downtown San Jose that took place near a FIFA World Cup watch party venue, police said.
An investigation is underway after two people were wounded in a drive-by shooting in Solano County on Thursday evening, authorities said.
A Richmond police officer was shot and injured after responding to a wellness check Thursday evening near the El Cerrito city limit.
As Californians prepare to celebrate Labor Day and the contributions of American workers, labor unions are raising alarms about what they see as a growing threat to the future of human work.
An HVAC expert said he is using AI to collect data on every call for service, so when another technician runs into a similar situation, they can check previous information.
Meta upgrades its AI glasses' privacy features to block device users from filming people without their consent.
MapQuest topped ChatGPT as Apple's most-downloaded free app after the digital mapping company said it would keep "historical, familiar" lake names.
Regulators allege that sellers and brands were overcharged by tens of billions of dollars through secretly inflated ad prices.
Patients taking the first-of-a-kind pill, called daraxonrasib, lived for a median of 13.2 months compared with 6.7 months for chemotherapy recipients, studies showed.
Moderna and Merck announced study results that reflect a "landmark moment" in treatment for one of the deadliest forms of skin cancer.
Multiple unpermitted street food vendors in Fairfield were cited for violations last week after inspections found them selling food unsafe for public consumption, authorities said.
After weeks of uncertainty, students at Richmond's John F. Kennedy High School will start their classes on schedule after weeks after toxic chemicals were found underneath the campus.
Sunnyvale police raided smoke shops across the city and seized thousands of illegal products over the past two months, the city's Department of Public Safety said.
California's largest state workers' union is preparing for a possible strike as contract negotiations with the Newsom administration remain unresolved.
The filing comes after a U.S. District Court judge extended an order against the Postal Service enforcing President Trump's executive order for the November elections.
A federal judge extended her block on the U.S. Postal Service's new requirements for mail voting, as states prepare to begin sending mail ballots to voters for the November midterm elections.
FBI Deputy Director Christopher Raia says the bureau is turning to artificial intelligence as a tool to identify threats and act on them faster.
A federal judge is considering whether to continue blocking a U.S. Postal Service rule imposing new requirements for mail voting.
California Attorney General Rob Bonta has joined a coalition of 19 attorneys general in supporting a federal lawsuit challenging Idaho's law that bars transgender students from using school restrooms and other sex-separated facilities that align with their gender identity.
Berlin police did not identify the suspect, who is still at large, by name but said that he was already known to police and is from Berlin.
LGBTQ+ communities have significantly higher rates of unemployment than the general population. Kelsi Thorud reports on how the City of Oakland is empowering LGBTQ+ job seekers during Pride Month.
The fallout over the opposition by a handful of San Francisco Giants players against the team's Pride Night celebrations has prompted an investigation of Major League Baseball by the Trump administration.
Major League Baseball has warned players about writing on their uniforms after San Francisco starter Landen Roupp and two other pitchers added Bible verses to their Pride Night caps on Friday night.
A special exhibition honoring the legacy of the Grateful Dead opens in San Francisco's Golden Gate Park, which will include one of the most recognized symbols of the counterculture era of the early 60s.
While performing in St. Louis on Saturday night, Lionel Richie appeared at one point to lean on a piano for support, according to video from the show.
Fans of some of Hollywood's most iconic movies lined up outside legendary filmmaker Phil Tippett's Berkeley studio Friday, hoping to take home a piece of movie history.
Pokémon fans from across the country and around the world are pouring into San Francisco this weekend for the largest Pokémon World Championships in the event's history.
Sixty years ago, San Francisco native Gus Tham was living the dream.
Ever since the COVID-19 pandemic, the Oakland Unified School District has seen an alarming spike in the number of unhoused students in the school system who deal with a host of challenges far beyond what most children face.
Meteorologist and CBS News Bay Area's resident pilot Lt. Jessica Burch got a treat during Fleet Week, taking to the skies with one of the Blue Angels.
A Bay Area man discovered his devastating loss left him with a new opportunity to rethink how he lives -- follow his journey in virtual reality, 360-degree video.
A groundbreaking medical study involving the UCSF Medical Center has shown some colorectal cancer patients can safely skip radiation treatment and enjoy a potentially higher quality of life.
Every day, San Francisco bar pilot Captain Zach Kellerman goes through what might just be the world's most dangerous commute.
Kevin Ko reports.
Veronica Macias reports.
Maddie White reports.
Maddie White reports.
with Zoe Mintz.
In 2025, KPIX is moving to a new community service award: the CBS News Bay Area Icon Award. Submit nominations for an outstanding community hero at kpix.com/icon.
It's the most wonderful time of the year for a South Bay woman who has played Mrs. Claus for more than 40 years for the children of North San Jose's Alviso District.
For residents of the Oakland Hills, the prospect of another wildfire always remains a concern. This week's Jefferson Awards winner has made it his mission to make the hills and other high-risk areas safer.
In East Palo Alto -- where state education numbers show more than nine in ten public school students are low income and more than half are English learners -- many are finding hope and connection at the Boys & Girls Clubs of the Peninsula.
This week's Jefferson Award winner is Army veteran who continues to live a life of service into his 80s, by feeding hundreds of San Francisco families a week.
A Bay Area man who overcame tremendous obstacles to excel in school has made it his mission to gear up other students for success in the classroom and in life.
For Students Rising Above scholar Josh Collins it took moving across the country to realize the value of his Bay Area family.
Samir Hooker had to grow up fast after his stepfather was shot dead 12 years ago. Now he is watching over his mom and sister while attending UC Berkeley.
It's hard enough to graduate from one of the most prestigious schools in the country when you're the first in your family to go to college. Imagine doing that while you're also trying to protect your parents from being deported?
Some students who are the first in their families to go to college face the challenge of balancing a rigorous academic load while still working to help support their family back home.