Biden signs deal to lift debt ceiling
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.
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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.
Nevada lawmakers questioned whether a proposal to subsidize a new MLB stadium with tax credits and bonds would further jolt Las Vegas' economy.
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.
A new survey finds that far fewer Americans are moving for work -- just 1.6% of job seekers moved in the first quarter of 2023, compared to 45% in 1986. CBS MoneyWatch associate managing editor Irina Ivanova explains the possible reasons behind the shift.
Some shops are saying they are facing an extinction event.
Over the past three and a half years or so, the majority of cities across the Bay Area have seen population declines. But in the South Bay city of Santa Clara, that's not the case.
As Nordstrom becomes the latest corporation to pull up stakes in downtown San Francisco to search for greener pastures, small businesses trying to survive often don't have that luxury. Jose Martinez reports on one such business.
Gary Cohn, the former top economic adviser in the Trump White House and who is now vice chairman of IBM, tells "Face the Nation" that he believes the impending sale of troubled bank First Republic "will be a much faster process" than what happened with Silicon Valley Bank. But he says this is a "seismic moment" for the American people and whether they trust their banks.
Mired in a prolonged sales slump, the retail chain has struggled to attract customers both in stores and online.
After cutting U.S. vehicle prices four times this year, Tesla raised the cost overnight on its slow-selling more expensive models.
With a growing number of vacant storefronts in downtown San Francisco, the City's Office of Economic and Workforce Development and non-profit SF New Deal have launched a new initiative called "Vacant to Vibrant," with a hope of re-energizing the neighborhood with pop-up experiences.
The Federal Reserve's bank supervisors informed Silicon Valley Bank's management as early as the fall of 2021 of risks stemming from its unusual business model, a top Fed official said, but the bank's managers failed to take the steps necessary to fix its problems.
The recent storms have put a dent in the drought, but they've also flooded precious farmland, ruining mile after mile of crops across the state. But even at farms that didn't flood, they are still harvesting challenges.
The nation's top financial regulator is asserting that Silicon Valley Bank's own management was largely to blame for the bank's failure earlier this month and says the Federal Reserve will review whether a 2018 law that weakened stricter bank rules also contributed to its collapse.
Team coverage of the shocking bank failure which has rocked the Bay Area tech community. Anne Makovec and Elizabeth Cook report. (3-10-23)
Mark Lehmann, CEO of JMP Securities, a Citizens Company, joined CBS News on Friday to discuss the state of the tech industry and the U.S. economy after the closing bell on Wall Street.
Although used-car prices are finally coming down, small dealerships are still struggling to meet demand. Kenny Choi reports. (2-17-23)
Sammy's on Second St. is one of the few remaining delis in San Francisco's financial district. It was hit hard during the pandemic and still hasn't fully recovered. Lauren Toms reports. (2-9-23)
Nicole D'Antonio reports on President Biden speaking to union workers about the economy after a sometimes heated State of the Union address (2-8-2023)
2022 proved to be a record year at the gas pump. While 2023 is just getting started, some experts believe there won't be as much pain at the pump.
House Speaker Kevin McCarthy said Friday he has accepted an invitation from President Biden to meet and discuss the standoff over raising the debt ceiling. Megan Greene, a senior fellow at Brown University, and global chief economist at Kroll, joined CBS News to discuss the far-reaching impact of the stalemate.
Last-minute shoppers in San Francisco's Union Square are likely to run into picket lines at Macy's Friday due to a strike by employees at the store.
Elizabeth Cook reports on employees at the San Francisco Macy's store going on strike until Christmas Eve (12-23-2022)
Wall Street loses its gains from the last two days, as reports show better-than-expected data on economy.
Da Lin reports on holiday shoppers looking for bargains ahead of Christmas (12-18-2022)
Swalwell faced pressure from his own party to drop out of the race after a former staffer accused him of sexually assaulting her when she was too drunk to consent.
With California facing a massive deficit, lawmakers are looking for places to cut spending. One of those facing the budget ax is a program called Market Match, which helps low-income people buy produce, while supporting the farmers who grow it.
The probe comes as Swalwell is also being accused of assaulting a former staffer in an unrelated case.
Rory McIlroy of Northern Ireland won the 2026 Masters Tournament at Georgia's Augusta National, claiming his second straight green jacket.
Waters off the coast of California will soon be open to commercial salmon fishing for the first time since 2022.
Swalwell faced pressure from his own party to drop out of the race after a former staffer accused him of sexually assaulting her when she was too drunk to consent.
With California facing a massive deficit, lawmakers are looking for places to cut spending. One of those facing the budget ax is a program called Market Match, which helps low-income people buy produce, while supporting the farmers who grow it.
The probe comes as Swalwell is also being accused of assaulting a former staffer in an unrelated case.
Rory McIlroy of Northern Ireland won the 2026 Masters Tournament at Georgia's Augusta National, claiming his second straight green jacket.
Waters off the coast of California will soon be open to commercial salmon fishing for the first time since 2022.
With California facing a massive deficit, lawmakers are looking for places to cut spending. One of those facing the budget ax is a program called Market Match, which helps low-income people buy produce, while supporting the farmers who grow it.
On Saturday morning in San Francisco, the annual parade and festival to honor Cesar Chavez was held with a new name and a new focus.
The Valkyries obtained Veronica Burton from the Connecticut Sun during the 2025 expansion draft, and she will be entering her fourth season in the WNBA when Golden State Valkyries basketball returns on May 8.
Saturday will have the greatest potential for thunderstorms, according to the National Weather Service. The storm is expected to move north to south across the Bay Area beginning around 2 p.m.
At the western edge of the city, where San Francisco meets the Pacific Ocean, skateboarding is gaining new ground.
Saturday will have the greatest potential for thunderstorms, according to the National Weather Service. The storm is expected to move north to south across the Bay Area beginning around 2 p.m.
School leaders across the Bay Area are raising concerns over Gov. Gavin Newsom's latest budget proposal, warning it could create even more financial strain for districts already dealing with rising costs, staffing challenges and budget shortfalls.
Eastbound traffic is flowing again through the Caldecott Tunnel after a crash and vehicle fire Thursday afternoon.
Police in Antioch are searching for a man suspected of fatally shooting a 20-year-old woman in February.
Berkeley police said the 28-year-old man was reported missing to both the Berkeley and Oakland police departments.
A woman who was crossing a street in East San Jose died after being struck by a driver Wednesday night, police
A man suspected in dozens of storage-unit burglaries in the city of Santa Clara and in other communities has been arrested, police said.
The pedestrian was struck near South White Road and Mt. McKinley Drive, around 8:10 p.m. Police said they were seriously injured and taken to the hospital with life-threatening injuries.
For local resident Brendan Hughes, the meaning behind his tattoo runs deep. His design features imagery inspired by the San Jose Sharks, a symbol he says represents his hometown.
The preserve and elephant seal viewing areas at Año Nuevo State Park in San Mateo County are set to reopen, following a deadly bird flu outbreak that has infected dozens of marine mammals.
Multiple teens were injured during a crash early Saturday morning in Novato, police said. One of them died, and the others remain in critical condition.
Local leaders say Southwest's arrival will significantly increase the number of travelers flying in and out of the airport this year, a development they call a major step forward for both convenience and economic growth.
On April 14, the Tamalpais Union High School District will be discussing and potentially voting on a plan that would restrict cellphone usage on campus.
A 12-year-old Santa Rosa girl missing since late Thursday evening was found safe, police said Friday afternoon.
A Sonoma County man has been arrested on multiple weapons charges and a hate crime charge, after he allegedly pointed a gun and made racist remarks from the roof of his home.
Rory McIlroy of Northern Ireland won the 2026 Masters Tournament at Georgia's Augusta National, claiming his second straight green jacket.
Samuel Basallo hit a two-run homer, Pete Alonso also drove in two runs and the Baltimore Orioles defeated the San Francisco Giants 6-2 on Sunday.
Linus Karlsson scored in the sixth round of the shootout and the Vancouver Canucks put the San Jose Sharks on the brink of playoff elimination with a 4-3 win.
The Valkyries obtained Veronica Burton from the Connecticut Sun during the 2025 expansion draft, and she will be entering her fourth season in the WNBA when Golden State Valkyries basketball returns on May 8.
John Carlson scored three goals for the first hat trick of his 17-year NHL career, and the Anaheim Ducks snapped their six-game losing streak with an emphatic 6-1 victory over the San Jose Sharks on Thursday night.
Multiple teens were injured during a crash early Saturday morning in Novato, police said. One of them died, and the others remain in critical condition.
A deputy in Riverside County was caught scrolling on what appeared to be a dating app during a standoff with an armed suspect.
A former police officer and prosecutor is now leading one of San Francisco's most closely watched courtrooms, focused not just on punishment, but on second chances.
Eight people, including five people facing murder charges, were arrested in connection with the Esparto explosion, authorities said on Friday.
Randy Hoppert, a six-year veteran of the Tulare County Sheriff's Office, died after he was shot while serving an eviction notice.
Could powerful AI models like Anthropic's Mythos give cybercriminals and other bad actors a roadmap for exploiting tech systems?
Artificial intelligence is more likely to change the nature of work than to supplant masses of workers, according to researchers.
The Computer History Museum is more than a walk through the past; it is a reflection of how rapidly technology continues to shape everyday life.
NASA said they had more than 2,600 submissions from around the world for the zero-gravity indicator mascot. Officials added that the Artemis II crew was inspired by 8-year-old Lucas Ye's creativity.
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.
A dead bat found at a Fremont home earlier this week has tested positive for the deadly rabies virus, according to authorities.
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.
Swalwell faced pressure from his own party to drop out of the race after a former staffer accused him of sexually assaulting her when she was too drunk to consent.
The probe comes as Swalwell is also being accused of assaulting a former staffer in an unrelated case.
A former staffer of Rep. Eric Swalwell said he allegedly forced himself on her after they met for drinks in New York in 2024.
The political crisis surrounding Democratic Rep. Eric Swalwell is rapidly escalating into a broader bipartisan showdown that could reshape the makeup of the House.
President Trump said the U.S. Navy will begin blockading ships from entering or exiting the Strait of Hormuz and intercept vessels that have paid tolls to Iran.
Philz Coffee's move to remove the Pride flag and all other flags from their stores is brewing up some strong reaction.
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.
Adrian Arias's work, entitled "Layers of the Mission: A Celebration of Memory and Resilience," is intended to bring attention to who he describes as real-life neighborhood heroes.
City leadership recently passed legislation that they say will help established event activators plan and execute at a much faster pace.
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.
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.
Two suspects were arrested in connection with shots fired in the area of Sam Altman's home.
Democratic Rep. Eric Swalwell suspended his bid for California governor on Sunday as he faced growing pressure to end his campaign amid allegations of sexual assault.
Market Match helps low-income people buy produce, while supporting the farmers who grow it.
with Darren Peck.
It was a stormy start to the weekend for the Bay Area.
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.