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.
The housing voucher program is called LIVE San Jose, standing for Lower Income Voucher and Equity program. The city is collaborating with The Fay Apartments in downtown, where there will be a preference for applications submitted by city workers.
The fire department said the driver got lost in Crockett and ended up in a narrow residential street. When the driver tried to turn a corner, they struck a hydrant, careened into two parked cars, crashed into a fence, and then went down an embankment.
Some residents are calling for stricter testing requirements for older drivers, including more frequent vision and driving evaluations.
A Bay Area man charged last year with murdering his wife and mother-in-law is now being charged in a 2024 Los Angeles County murder, with his mistress connected to all three killings.
An armed assailant sexually assaulted a female jogger near the Stanford University campus on Sunday evening, the university police said.
The housing voucher program is called LIVE San Jose, standing for Lower Income Voucher and Equity program. The city is collaborating with The Fay Apartments in downtown, where there will be a preference for applications submitted by city workers.
The fire department said the driver got lost in Crockett and ended up in a narrow residential street. When the driver tried to turn a corner, they struck a hydrant, careened into two parked cars, crashed into a fence, and then went down an embankment.
Some residents are calling for stricter testing requirements for older drivers, including more frequent vision and driving evaluations.
A Bay Area man charged last year with murdering his wife and mother-in-law is now being charged in a 2024 Los Angeles County murder, with his mistress connected to all three killings.
An armed assailant sexually assaulted a female jogger near the Stanford University campus on Sunday evening, the university police said.
Some residents are calling for stricter testing requirements for older drivers, including more frequent vision and driving evaluations.
An armed assailant sexually assaulted a female jogger near the Stanford University campus on Sunday evening, the university police said.
San Francisco Supervisor Jackie Fielder will take a medical leave of absence as she is dealing with what was described as a "mental health condition", her office said.
Half a year ago, Luis Valle got on a bike in Southern Arizona near the Mexican border. The goal of the Spanish architect and artist was to retrace a historic 1,200-mile voyage.
Half Moon Bay said it has not received any lawsuit yet, but they are taking Newsom's "final warning" seriously. On Sunday, city manager Matthew Chidester said they are a small city with a unique problem.
The fire department said the driver got lost in Crockett and ended up in a narrow residential street. When the driver tried to turn a corner, they struck a hydrant, careened into two parked cars, crashed into a fence, and then went down an embankment.
A Bay Area man charged last year with murdering his wife and mother-in-law is now being charged in a 2024 Los Angeles County murder, with his mistress connected to all three killings.
Family and friends of an Oakland business owner reported missing last week held a candlelight vigil Sunday night in the hope of bringing her back home.
A five-year-old boy was shot in the chest inside his Oakley home on Sunday after his father accidentally fired an AR-15 rifle he was in the process of cleaning, police said.
Two people were shot and injured, one critically, in Antioch on Sunday afternoon, police reported.
The housing voucher program is called LIVE San Jose, standing for Lower Income Voucher and Equity program. The city is collaborating with The Fay Apartments in downtown, where there will be a preference for applications submitted by city workers.
More than three decades after a man was found fatally stabbed near a San Diego beach, police said a suspect has been arrested on California's Central Coast.
Authorities on California's Central Coast are investigating after an inmate at the Monterey County Jail died following an assault over the weekend.
A fugitive from California's Central Coast wanted on child sex abuse charges has been arrested in a Chicago suburb after he was found working in a restaurant, authorities said.
The San Jose Unified School District board voted Thursday night to shut down five elementary schools and relocate another at the end of the current school year, a decision that has left many parents and students frustrated and scrambling to adjust.
An apartment complex for seniors in Vallejo was damaged in a fire that broke out early Sunday morning, firefighters said.
A vegetation fire that broke out in Napa County on Saturday afternoon has been fully contained after burning a dozen acres, firefighters said.
Three people were killed and a driver is suspected of driving under the influence after a crash shut down Napa County's Silverado Trail for hours on Saturday, authorities said.
The Fairfield community surrounding Travis Air Force Base knows all too well the realities and uncertainties that come with wartime.
A Solano County man who was paroled after being convicted of murder in the 1970s has been convicted of possessing child sexual abuse material, federal prosecutors said.
The Milwaukee Brewers have acquired outfielder Luis Matos from the San Francisco Giants for cash.
Nikola Jokic had 25 points and 15 rebounds, Jamal Murray had 20 points, and the surging Denver Nuggets beat the short-handed Golden State Warriors 116-93.
After being down by as many as 19 on Sunday, Braylon Mullins retrieved a loose ball near midcourt in the waning seconds against Duke and hit a three-pointer from 35 feet away to take the lead.
George Springer hit the 64th leadoff home run of his career, Kazuma Okamoto went deep for the first time in the majors and the Toronto Blue Jays beat the Athletics 5-2 to complete a three-game sweep.
Aaron Judge homered for a second straight day to nearly the same left-field spot, Ben Rice hit a two-run double in the third inning, and the New York Yankees beat the San Francisco Giants 3-1 for a three-game sweep.
A Bay Area man charged last year with murdering his wife and mother-in-law is now being charged in a 2024 Los Angeles County murder, with his mistress connected to all three killings.
An armed assailant sexually assaulted a female jogger near the Stanford University campus on Sunday evening, the university police said.
Family and friends of an Oakland business owner reported missing last week held a candlelight vigil Sunday night in the hope of bringing her back home.
More than three decades after a man was found fatally stabbed near a San Diego beach, police said a suspect has been arrested on California's Central Coast.
A five-year-old boy was shot in the chest inside his Oakley home on Sunday after his father accidentally fired an AR-15 rifle he was in the process of cleaning, police said.
Officials in Foster City said Friday that they are making progress in restoring services, more than a week after a cybersecurity breach brought the city's network down and led to a state of emergency.
Experts say the rulings could expose tech companies to more litigation and pressure them to make changes to their apps.
The verdict, which caps a weeks-long trial in Los Angeles, could set a legal precedent for similar allegations brought against social media companies.
The summit's themes include AI and the future of learning, as well as the impact of tech on youth mental health.
One attendee said she is almost done with her fellowship and is deciding whether to remain on the East Coast or begin a new chapter in the Bay Area.
An East Bay woman is using the sport of pickleball to help find a cure for Parkinson's disease.
An unlicensed cosmetologist from Florida has been found guilty in a California court for providing an injection that killed a model who was known as a Kim Kardashian lookalike, prosecutors said.
The early-season heat wave gripping the Bay Area also means the allergy season is already kicking into high gear.
He advises people to lie down, extend their arms, and hold the phones above their heads, or people should hold their phone at eye level, rather than looking down.
Food containing norovirus may smell and taste normal but still cause serious illness if consumed, FDA warns.
The housing voucher program is called LIVE San Jose, standing for Lower Income Voucher and Equity program. The city is collaborating with The Fay Apartments in downtown, where there will be a preference for applications submitted by city workers.
Some residents are calling for stricter testing requirements for older drivers, including more frequent vision and driving evaluations.
San Francisco Supervisor Jackie Fielder will take a medical leave of absence as she is dealing with what was described as a "mental health condition", her office said.
The Supreme Court will hear arguments Wednesday over the legality of President Trump's executive order that seeks to end birthright citizenship.
Jerome Adams, who served as surgeon general in President Trump's first term, said that "similar to cigarettes," the government needs to point out that social media platforms "are incredibly addictive."
Transgender women athletes are now excluded from women's events at the Olympics after the IOC agreed to a new eligibility policy on Thursday.
The Trump administration has given San Jose State University 10 days to change its policy on transgender athletes or face legal action and possibly lose federal funding.
A man has been arrested and accused of a hate crime after a San Francisco church was vandalized over the weekend, police said.
A Yosemite park ranger was fired last year after helping to display a transgender pride flag from El Capitan.
After more than two years of renovations, the historic Castro Theatre is back open for business.
The price hike raises the cost of the standard plan with ads by $1 per month and the cost of the standard and premium plans by $2.
An unlicensed cosmetologist from Florida has been found guilty in a California court for providing an injection that killed a model who was known as a Kim Kardashian lookalike, prosecutors said.
Through his social media channel, "Festus Feasts," NBA champion Festus Ezeli is on a mission to give a boost to local restaurants throughout the region.
CBS News announced Friday that CBS News Radio will be shutting down this spring after nearly 100 years of broadcasting, citing "challenging economic realities."
Illuminate, the nonprofit hosting the event, said founder Ben Davis, and the artist behind The Bay Lights, Leo Villareal, will be in attendance and speak ahead of the grand relighting.
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.
Meteorologist Paul Heggen says the Bay Area will see widespread shower activity beginning Tuesday.
City leaders and community members in San Francisco launched a new push to protect pedestrians after a man was hit and killed in Chinatown last week. Kenny Choi reports.
The Crockett Carquinez Fire Department said the driver turned a corner, struck a hydrant, careened into two parked cars, went through a fence and then crashed down an embankment.
The Golden States Valkyries will begin Year Two with a new violet jersey.
A father cleaning his AR-15 rifle accidentally shot his five-year-old son inside their Oakley home, police said.
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.