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)
Police in San Jose arrested a man last week who allegedly ran an illegal gambling parlor inside a home.
Police in Oakland released additional details and vowed more arrests would be made, after dozens of riders on ATVs and dirt bikes took over the Bay Bridge on Sunday.
Three people died and two drivers were arrested following two separate DUI crashes that took place on the Central Coast minutes apart Saturday night, according to authorities.
Through her attorney, Britney Spears pleaded guilty to reckless driving in her DUI case.
Police in Vallejo have launched a homicide investigation following the death of a woman who was dropped off at a hospital with a gunshot wound last week.
Police in San Jose arrested a man last week who allegedly ran an illegal gambling parlor inside a home.
Police in Oakland released additional details and vowed more arrests would be made, after dozens of riders on ATVs and dirt bikes took over the Bay Bridge on Sunday.
Three people died and two drivers were arrested following two separate DUI crashes that took place on the Central Coast minutes apart Saturday night, according to authorities.
Through her attorney, Britney Spears pleaded guilty to reckless driving in her DUI case.
Police in Vallejo have launched a homicide investigation following the death of a woman who was dropped off at a hospital with a gunshot wound last week.
Dozens of dirt bikes and ATVs will be impounded after a group took over the Bay Bridge, causing eastbound traffic to come to a stop on Sunday, authorities said.
Meteorologist Zoe Mintz explains how fog in the Bay Area forms, helping make San Francisco the coldest major US city during the summertime.
One person was taken to a hospital after an e-bike caught on fire inside a room in San Francisco on Saturday night, firefighters said.
A San Francisco tech billionaire is leading an effort to bring back local crab in time for Thanksgiving, arguing the issue is about more than tradition.
It will go into effect at 11 a.m. and will remain through Sunday evening. The NWS said it was issued as there is an increased risk of sneaker waves and rip currents.
Police in Oakland released additional details and vowed more arrests would be made, after dozens of riders on ATVs and dirt bikes took over the Bay Bridge on Sunday.
Despite Oakland's growing reputation as a destination for food and culture, a slow economic recovery in the city's downtown is continuing to take a toll on small businesses.
Dozens of dirt bikes and ATVs will be impounded after a group took over the Bay Bridge, causing eastbound traffic to come to a stop on Sunday, authorities said.
One person was arrested after a deadly wrong-way crash on Interstate 680 late Friday night in Concord, authorities said.
UC Berkeley hosted a conference for people who are imagining the true reach of human longevity.
Police in San Jose arrested a man last week who allegedly ran an illegal gambling parlor inside a home.
Three people died and two drivers were arrested following two separate DUI crashes that took place on the Central Coast minutes apart Saturday night, according to authorities.
Authorities on California's Central Coast arrested two people in an alleged identity theft scheme that may have victimized hundreds of people.
Dozens of Mountain View homes remain under a boil water advisory on Sunday, which is anticipated to remain in effect through the week.
Three people were killed and one person was arrested after a head-on crash on Highway 1 near Moss Landing late Saturday night, authorities said.
Police in Vallejo have launched a homicide investigation following the death of a woman who was dropped off at a hospital with a gunshot wound last week.
A whale washed ashore on the Mendocino County coast, as researchers say the numbers of reported whale deaths appear to be rising on the West Coast.
Authorities in Sonoma County are seeking help from the public after a series of copper wire thefts have led to phone and internet service disruptions in the western part of the county.
A rock climber at a remote coastal area in Sonoma County who needed medical assistance after a fall was rescued by a helicopter crew over the weekend, authorities said.
Police in Santa Rosa have arrested a man on multiple felony charges after he allegedly slashed the tires of dozens of vehicles in a neighborhood.
Jonathan Aranda hit a game-ending single in the 10th inning to cap a 4-for-5 afternoon, and the Tampa Bay Rays beat the San Francisco Giants 2-1 to complete a three-game sweep.
Jonathan Aranda hit a two-run single in Tampa Bay's three-run fifth inning and the Rays defeated the San Francisco Giants 5-1.
Cherie DeVaux became the first woman to train the winner of the opening leg of the Triple Crown.
Yandy Diaz and Junior Caminero homered to back six strong innings from Shane McClanahan and the Tampa Bay Rays beat the San Francisco Giants 3-0 on Friday night.
The Kentucky Derby saw a field of 18 horses Saturday in the first leg of the 2026 competition for horse racing's Triple Crown.
Police in San Jose arrested a man last week who allegedly ran an illegal gambling parlor inside a home.
Police in Oakland released additional details and vowed more arrests would be made, after dozens of riders on ATVs and dirt bikes took over the Bay Bridge on Sunday.
Three people died and two drivers were arrested following two separate DUI crashes that took place on the Central Coast minutes apart Saturday night, according to authorities.
Police in Vallejo have launched a homicide investigation following the death of a woman who was dropped off at a hospital with a gunshot wound last week.
Authorities on California's Central Coast arrested two people in an alleged identity theft scheme that may have victimized hundreds of people.
EBay said on Monday that it will "carefully review" GameStop's unsolicited $ 125-per-share takeover offer.
As AI-generated music spreads, Spotify says it wants to help users "trust the authenticity" of what they're listening to.
A memory chip shortage is driving up computer prices for consumers, reversing a decades-long drop in hardware costs.
The technology uses ultra-low sound waves as a way to extinguish a fire. It was just a theory until 2015, when a pair of students at George Mason University demonstrated the world's first sonic fire extinguisher.
The new Department of Motor Vehicles regulations allow law enforcement agencies to issue notices of traffic violations to autonomous vehicle companies when their cars commit moving violations.
An ice cream company based in the San Francisco Bay Area is recalling dozens of products after they were sold without labels disclosing potentially dangerous allergens.
Health officials in San Francisco announced Wednesday that an infant who recently traveled outside the United States has tested positive for measles.
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.
"I do think this particular job plays a more direct role in the everyday lives of Californians than just about any other role in state politics," said Caroline Heldman, a professor at Occidental College.
The 81-year-old former New York City mayor has been hospitalized for pneumonia, his spokesperson said.
Hundreds of workers and labor advocates gathered in East Oakland on Friday to mark May Day, also known as International Workers' Day, using the annual event to call for a range of political and economic changes.
May Day protesters disrupted access to the terminals at San Francisco and Oakland airports on Friday, authorities said.
Negotiations over a $500 million dollar government aid package for Spirit stalled after bondholders balked at the terms.
Philz Coffee will once again sport the Pride flag at its cafés after a directive to have them and other flags removed created a backlash.
The Trump administration agreed to restore the Stonewall National Monument's Pride flag in Greenwich Village after it was removed.
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.
At Last Rites, the weekly gathering goes beyond simply watching a television show. For fans, it's an immersive experience, one that brings them closer to the world of "Survivor," and to each other.
Jake was at the funeral for one of his closest friends when he learned of his parents' deaths, he said.
Michael Tilson Thomas, the 12-time Grammy Award winning composer and famed conductor who led the San Francisco Symphony for a quarter century, has died.
Pop star Britney Spears has voluntarily checked into rehab following her DUI arrest in Ventura County in March, a representative for the singer told CBS LA.
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.
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 interim police chief James Beere, San Francisco police chief Derrick Lew and Steve Ramos of the Golden Gate Division of the California Highway Patrol held a briefing after dozens of riders on ATV's and dirt bikes took over the Bay Bridge on Sunday.
On Monday, expect highs in the 60s and increasing clouds. Showers will arrive in the Bay Area late Monday into early Tuesday. Jessica Burch has the forecast.
Dozens of dirt bikes and ATVs will be impounded after a group took over the Bay Bridge, causing eastbound traffic to come to a stop on Sunday, authorities said.
Here's a look at the weather forecast Sunday evening.
As Downtown Oakland continues to struggle, a downtown wine bar says it will be closing in July.
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.