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.
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 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.
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)
A majority of Democrats and a majority of Republicans voted in favor of the Fiscal Responsibility Act.
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.
The debt ceiling deal has cleared both chambers of Congress and is headed to the president's desk.
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)
After days of intense negotiations and weeks of talks, an agreement in principle has been reached to raise the debt ceiling.
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.
A Bay Area entrepreneur's company eliminates air pollution from ships that must run their engines while they're in port.
Oakland Promise which provided the scholarship grants was created in 2016 as way to reinvest in city youth.
Protests at an occupied building near UC Berkeley were winding down Thursday night after a dozen pro-Palestinian protesters were removed and arrested from a building they had taken over for a day.
San Francisco's "HEART" program serves as an alternative to police calls to non-emergencies and homelessness incidents.
The Houston Astros beat the Oakland Athletics 8-1 and completed a four-game sweep.
A Bay Area entrepreneur's company eliminates air pollution from ships that must run their engines while they're in port.
Oakland Promise which provided the scholarship grants was created in 2016 as way to reinvest in city youth.
Protests at an occupied building near UC Berkeley were winding down Thursday night after a dozen pro-Palestinian protesters were removed and arrested from a building they had taken over for a day.
San Francisco's "HEART" program serves as an alternative to police calls to non-emergencies and homelessness incidents.
Scientists are saying human hair could be the biggest sustainable textile on the planet that can be used to address some major issues linked to climate change.
San Francisco's "HEART" program serves as an alternative to police calls to non-emergencies and homelessness incidents.
Scientists are saying human hair could be the biggest sustainable textile on the planet that can be used to address some major issues linked to climate change.
One way law enforcement works, "to protect and serve" is by getting guns out of the hands of criminals. But we've discovered each year, thousands of weapons once used by officers have been found at crime scenes.
Three men from Virginia are under arrest in San Mateo County after police said they took part in a roofing scam that defrauded elderly residents on the Peninsula.
A San Francisco federal court is host to a fight between a nonprofit enterprise with a mission to provide "Universal Access to All Knowledge," and a group of record companies that own the rights to songs recorded by the likes of Bing Crosby, Billie Holliday and Miles Davis.
Oakland Promise which provided the scholarship grants was created in 2016 as way to reinvest in city youth.
Protests at an occupied building near UC Berkeley were winding down Thursday night after a dozen pro-Palestinian protesters were removed and arrested from a building they had taken over for a day.
A group of pro-Palestinian protesters on Wednesday occupied an abandoned building on the UC Berkeley campus in hopes of bringing attention to what they describe as a genocide in Gaza, according to organizers.
Four falcons that recently hatched at UC Berkeley's Campanile bell tower now need names.
Two suspects were arrested after a yearlong investigation into a fatal park shooting in Tracy last year, police said Tuesday.
Houses have long been more expensive in the Bay Area, especially in Santa Clara County. But new data shows how dire the housing affordability crisis is becoming in the South Bay.
An ancient Japanese art form that connects people to their heritage with each pounding beat, taiko drumming was recently on full display at the 46th annual Nikkei Matsuri Festival in San Jose's Japantown.
As post-pandemic downtown recoveries continue, the Bay Area's three major cities are experiencing two realities at the same time.
A low-flying jet with decades of history was seen flying over the South Bay Wednesday on its final flight before retirement.
Dozens of pro-Palestinian protesters rallied outside the annual Google I/O 2024 developer conference at Shoreline Amphitheater in Mountain View on Tuesday.
Police in Petaluma are hoping the public can help them locate a missing at-risk woman who was last seen a week ago.
Sonoma State University President Mike Lee was placed on leave Wednesday following an email where he announced he and campus protesters had reached an agreement on divestment from Israel.
Two men were hospitalized after they were stabbed near a convenience store in San Rafael late Tuesday night.
A 19-year-old man has been arrested on suspicion of a fatal shooting in Santa Rosa on Monday night, police said Wednesday.
A man was shot and killed in Vallejo on Tuesday, according to police.
The Houston Astros beat the Oakland Athletics 8-1 and completed a four-game sweep.
Oakland Athletics left-hander Ken Waldichuk is out for rest of the season after having reconstructive surgery on his troublesome pitching elbow, another tough injury blow for the pitcher this past year.
San Francisco pickleball and tennis players could soon be required to pay a $5 fee to reserve some courts around the city following a decision by the Recreation and Park Commission.
Harrison Butker encouraged women to be homemakers and railed against Pride Month in his speech at Benedictine College.
Logan Webb pitched six scoreless innings and Mike Yastrzemski hit a two-run homer as the San Francisco Giants beat the Los Angeles Dodgers 4-1 to avoid a three-game sweep.
Protests at an occupied building near UC Berkeley were winding down Thursday night after a dozen pro-Palestinian protesters were removed and arrested from a building they had taken over for a day.
Three men from Virginia are under arrest in San Mateo County after police said they took part in a roofing scam that defrauded elderly residents on the Peninsula.
Authorities are searching for a suspect accused of vandalizing at least 100 cars in the Yuba City area in early May.
A Daly City man has been charged with murder for allegedly selling fentanyl to a woman who died from an overdose, prosecutors said.
A woman has been arrested and charged for allegedly attacking a shopper inside a corner store in San Francisco's Potrero Hill earlier this week.
The settlement covers U.S. residents who owned an iPhone 7 or 7 Plus between September 16, 2016, and January 3, 2023, and reported a covered issue to Apple or paid the company for repairs.
A San Francisco federal court is host to a fight between a nonprofit enterprise with a mission to provide "Universal Access to All Knowledge," and a group of record companies that own the rights to songs recorded by the likes of Bing Crosby, Billie Holliday and Miles Davis.
A low-flying jet with decades of history was seen flying over the South Bay Wednesday on its final flight before retirement.
Dozens of pro-Palestinian protesters rallied outside the annual Google I/O 2024 developer conference at Shoreline Amphitheater in Mountain View on Tuesday.
A Tracy man has been federally sentenced for accessing the computer network of the Discovery Bay Water Treatment Facility and shutting it down in 2021, the U.S. Department of Justice said Monday.
A landmark study just kicked off with the goal of answering why Black women have a much higher mortality rate when it comes to cancer. It just launched last week and they need volunteers in California to help.
A Bay Area-based study finds that 80% of Asian American women with lung cancer never smoked and researchers are trying to figure out why.
San Francisco public health nurses will hold a strike authorization vote next week over what they say are inadequate and unsafe staffing levels at the city's hospitals and clinics.
Maker of insulin pump urges customers to update an app because of glitch that causes the devices to unexpectedly shut down.
Elon Musk's Neuralink finds a brain-computer interface device captured less data a month after implant surgery.
Migrant adults released by federal border officials after crossing into the U.S. unlawfully will be eligible to be placed in the program.
California Governor Gavin Newsom called out former President Donald Trump at the Vatican on Thursday, accusing him of "open corruption" at a Vatican conference on climate change.
Elizabeth Cook spoke with Jeff Harp about the looming threat to the integrity of upcoming elections posed by cyber criminals. (5-16-24)
Michael Cohen, the key witness in the case against former President Donald Trump, faced questions from defense attorneys taking aim at his credibility.
California lawmakers on Thursday voted to keep hundreds of bills from advancing for a floor vote during a tough budget year.
Two prominent Bay Area political figures died Friday night when the pickup they were in collided with a car in rural San Diego County.
A Northern California school district is being sued by the state over allegations the district failed to carry out corrective actions in a controversial gender notification policy adopted last summer.
More than a third of LGBTQ young people seriously considered suicide in the past year, the survey found.
One of San Francisco's oldest LGBTQ bars, on Saturday the Stud re-opened it's doors for the first time in four years at a new location.
A California judge has tentatively sided with state Attorney General Rob Bonta in a dispute over the title of a proposed ballot measure that would require school staff to notify parents if their child asks to change gender identification at schools.
Jim Parsons and Mayim Bialik are reprising their roles from "Big Bang Theory" in part one of the "Young Sheldon" series finale.
The WNBA tipped off its 28th season with the Las Vegas Aces seeking a three-peat, Caitlin Clark debuting and the league growing faster than ever.
A young San Francisco artist's exhibit at the Museum of African Diaspora explores the issues surrounding beauty and skin color within the Black community.
Steve Buscemi was allegedly punched in the face in Manhattan's Kips Bay neighborhood last week.
Aussie psych-rock outfit and Tame Impala affiliates Pond return to the Bay Area for this show at the New Parish Wednesday night.
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.
Oakland Promise was created in 2016 as way to reinvest in city youth. Andrea Nakano reports. (5-16-24) Website: http://kpix.com YouTube: http://www.youtube.com/CBSSanFrancisco Facebook: http://www.facebook.com/CBSSanFrancisco Instagram: http://www.instagram.com/KPIXtv Twitter: http://twitter.com/KPIXtv
A Bay Area entrepreneur's company eliminates air pollution from ships that must run their engines while they're in port. Itay Hod reports. (5-16-24) Website: http://kpix.com YouTube: http://www.youtube.com/CBSSanFrancisco Facebook: http://www.facebook.com/CBSSanFrancisco Instagram: http://www.instagram.com/KPIXtv Twitter: http://twitter.com/KPIXtv
CBS News Bay Area evening edition headlines for Thursday May 16, 2024. Watch full newscasts streamed at the CBS SF website or on the app. Website: http://kpix.com
Scientists are saying human hair could be the biggest sustainable textile on the planet. Anne Makovec and Molly McCrea report (5-16-24)
A group of high school students in Calistoga came up with an invention that could help firefighters feel a lot more comfortable. Brian Hackney reports. (5-16-24) Website: http://kpix.com YouTube: http://www.youtube.com/CBSSanFrancisco Facebook: http://www.facebook.com/CBSSanFrancisco Instagram: http://www.instagram.com/KPIXtv Twitter: http://twitter.com/KPIXtv
A first-of-its-kind San Francisco program that trains the next generation of makers is closed temporarily because of a fire, but Its founder is working to safely reopen as soon as possible.
A Pacifica woman is being recognized for leading an annual ocean education program at a coastal school for over 30 years.
A San Francisco native is helping keep alive the city's historic Japantown, one of only three left in the U.S.
A Redwood City man changed his career path - from running Stanford's Digital Language Lab to going to beauty school - so he could serve his community in a way that's more meaningful to him.
A San Francisco-based nonprofit created by this week's Jefferson Award winner helps low income and unsheltered people stay healthy and feel good about themselves.
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.
A onetime pupil has now become a student advisor, giving back after years of mentorship led him to success.
Police departments all over the country are having a hard time finding new officers, but one Bay Area student is criss-crossing the world while preparing for a career in law enforcement here at home.
When most people graduate from college, they tend to focus on one job. But this month's Students Rising Above scholar is currently juggling multiple workplace assignments.