IRS has recovered $1.3 billion in unpaid taxes from rich Americans
The IRS said funding from the Inflation Reduction Act has helped it go after wealthy taxpayers who failed to pay their tax bills.
The IRS said funding from the Inflation Reduction Act has helped it go after wealthy taxpayers who failed to pay their tax bills.
Each presidential candidate is proposing significant changes to the tax code. Here's who would win and lose.
For the first time, Consumer Reports evaluated the reliability of cars aged five to 10 years across 26 brands. Their study identified the top 10 used car models. Alex Knizek, associate director of auto test development, joins "CBS Mornings" to discuss the findings.
Seafood chain declared bankruptcy in May after struggling with slowing growth and mounting competition.
Two of the biggest U.S. grocery chains want to merge. The feds are determined to block the deal, saying it would harm consumers.
Lawsuit alleges GM is signing up car owners for its OnStar system without notifying them that data is being sold to insurers.
U.S. markets tumbled for a third consecutive trading day amid recession fears and tensions in the Middle East.
A major tax package that would bolster the popular Child Tax Credit and cut taxes for businesses failed to advance in the Senate on Thursday in the face of widespread Republican opposition.
Zombie debt refers to long-forgotten or old debts that resurface, often with accumulated interest and fees, threatening the financial stability of unsuspecting homeowners and sometimes leading to foreclosures. CBS News national consumer correspondent Ash-har Quraishi reports.
Teresa modified her home mortgage back in 2009 during the financial crisis, and thought she was making payments on her second mortgage every month. She's discovered she's overdue on thousands of payments for this "zombie debt," and fears losing her home.
Jose Arzate of Santa Maria, California, says he was taken by surprise when sheriff's deputies evicted him. He says he never knew he owed tens of thousands of dollars in "zombie mortgage" debt.
Laverne Simmons of Inglewood, California, says she never got bills for a decade-old debt. Now this "zombie mortgage" could cost her the home she loves.
Nike on Friday saw its stock prices plummet 20% after the company warned its current quarter sales would see a steep decline. Hope King, a senior business reporter for Axios, joined CBS News to discuss what has led to the falloff for the shoemaker.
These charts track the prices consumers are paying for groceries and other goods now compared to the cost five years ago, as inflation lingers.
A cyberattack on a company that provides software for thousands of car dealers in North America says it's a "ransom event." The hack on CDK Global happened last week and is still disrupting about 15,000 car sellers who depend on the company's software to run their businesses. CBS News MoneyWatch reporter Megan Cerullo has more.
Portable battery chargers recalled after 120 reports of the product overheating, safety watchdog warns.
Roughly 90% of Black women have used relaxers at some point in their lives to chemically straighten their hair. New reporting in The New York Times Magazine highlights the severe and often unknown health risks these products can pose. Linda Villarosa, contributing writer for The New York Times Magazine and the report's author, joins CBS News to unpack her findings.
Boeing CEO David Calhoun tells a Senate hearing his company's culture is "far from perfect" amid new whistleblower allegations.
Older Gen Xers are turning 59 ½ this month, when they can withdraw retirement assets without a penalty. But many don't have enough saved.
Millions of Americans could owe money to the IRS on June 17, with fines for missing payment on the rise.
At-home tests for various medical conditions are becoming increasingly popular. What's driving that trend? CBS News reporter Nidia Cavazos explains.
The COVID-19 pandemic dislodged the global supply chain, but the vulnerabilities in the system had already been building up for decades. A new book titled "How the World Ran Out of Everything" examines how the health crisis exposed the fragility of a system that was always at risk of collapse. Author Peter Goodman joins to discuss.
U.S. unemployment rate forecast to stay below 4% for a 28th straight month — that would be the longest stretch in more than 70 years.
Hilary Cain, with the auto industry trade group Alliance for Automotive Innovation, explains what technology car manufacturers are putting into new cars to help reduce the risk of children being left in hot vehicles.
Cracker Barrel has long been known for its combination of rustic charm and country dishes like biscuits and gravy. But its new CEO said that the old approach isn't working any longer — and she's planning some major changes. CBS News' Lindsey Reiser has more.
The walkout is another setback for the aviation giant whose reputation and finances were already being battered.
Former President Donald Trump announced Thursday that he won't debate Vice President Kamala Harris again, saying, "THERE WILL BE NO THIRD DEBATE!"
Fulton County Judge Scott McAfee dropped 2 counts in former President Donald Trump's Georgia election interference case.
A federal internal report found CBP officers who arrived at the scene of the Uvalde school shooting were unable to access important tools to aid their response.
North Korea offered a rare glimpse into a facility to produce weapons-grade uranium as state media reported leader Kim Jong Un called for "exponentially" more nuclear weapons.
An Alaska Airlines flight aborted takeoff to avoid potentially colliding with a Southwest Airlines plane that was cleared to cross in front of it in Nashville, officials said.
Miami Dolphins quarterback Tua Tagovailoa left Thursday night against Buffalo because of a concussion after colliding with Bills defensive back Damar Hamlin and hitting the back of his head against the turf.
Germany took to social media to rebut comments made by former President Donald Trump during the presidential debate Tuesday about the country's renewable energy industry.
Package delivery company DHL is suing MyPillow, alleging the company synonymous with its founder, chief pitchman and election denier Mike Lindell owes nearly $800,000 for unpaid bills.
An Arkansas county and a health provider have agreed to a $6 million settlement with the family of a man who died from dehydration and malnutrition while being held in jail, a lawyer for the family says.
Bradley Klose's family said the teen left his cellphone and wallet in his locker after work and that was unusual.
A growing press and communications team continues to build out at Vice President Kamala Harris' campaign headquarters in Wilmington, Delaware.
A look at the features for this week's broadcast of the 2023 News & Documentary Emmy-winner for Outstanding Recorded News Program, hosted by Jane Pauley.
Germany took to social media to rebut comments made by former President Donald Trump during the presidential debate Tuesday about the country's renewable energy industry.
Machinists at Boeing have gone on strike, another setback for the aviation giant whose reputation and finances were already being battered.
Experts, law enforcement and children's advocates say companies like Snap, TikTok and Meta are not doing enough to keep children safe.
Company to pay $120 million in fines and compensation to borrowers harmed by its practices.
A third of the cinnamon powders and spice mixtures tested yielded alarming results, advocacy group's study finds.
Businessman Leo Kryss alleges he wouldn't have shaved $6 million from his mansion's sale price if he had known Bezos was buyer.
A growing press and communications team continues to build out at Vice President Kamala Harris' campaign headquarters in Wilmington, Delaware.
A federal internal report found CBP officers who arrived at the scene of the Uvalde school shooting were unable to access important tools to aid their response.
Fulton County Judge Scott McAfee dropped 2 counts in former President Donald Trump's Georgia election interference case.
Former President Donald Trump announced Thursday that he won't debate Vice President Kamala Harris again, saying, "THERE WILL BE NO THIRD DEBATE!"
Weeks before the 2024 election, early voting by mail or in person will be available in most states — here's a map with more information about early voting options.
A vote is expected next week to hold Steward Health Care CEO Ralph de la Torre in contempt of Congress after he refused to appear at a hearing this week despite being subpoenaed to testify. This follows a nearly two-year CBS News investigation into how private equity investors and de la Torre siphoned hundreds of millions of dollars from Steward hospitals. Dr. Jon LaPook has more.
Experts, law enforcement and children's advocates say companies like Snap, TikTok and Meta are not doing enough to keep children safe.
A third of the cinnamon powders and spice mixtures tested yielded alarming results, advocacy group's study finds.
A new report uncovered a disturbing racial disparity when it comes to C-sections, with doctors being more likely to perform them on Black mothers.
FDA's top tobacco official says the agency has "not abandoned" the proposed ban.
Maria Daniela Icaza's death comes just days after the head of another prison was killed in Ecuador.
North Korea offered a rare glimpse into a facility to produce weapons-grade uranium as state media reported leader Kim Jong Un called for "exponentially" more nuclear weapons.
Germany took to social media to rebut comments made by former President Donald Trump during the presidential debate Tuesday about the country's renewable energy industry.
An Israeli museum has put a rare Bronze-Era jar that a 4-year-old accidentally smashed back on display.
Gunmen made one member of the family, who was outside the house, knock on the door and then opened fire once it was opened, police said.
The rap superstar posted several photos of herself in the hospital cradling her new baby daughter Thursday on Instagram.
Legendary actor Sylvester Stallone talks about his latest role as a New York gangster in the Paramount+ hit series "Tulsa King." Stallone reveals why this character was the missing piece in his career and what it's like to share the screen with his daughter.
LL COOL J lit up the VMAs stage, bringing out Chuck D and Flavor Flav for a powerful performance that celebrated hip hop's legacy and debuted new music from "The FORCE."
LL COOL J joins "CBS Mornings" to talk about how he felt taking the stage at the VMAs to deliver a performance of his classics and debut "Passion" from his new album "The Force."
MTV celebrated 40 years of the Video Music Awards Thursday night and it was a big night for Taylor Swift. The pop star won Video of the Year for "Fortnight" and also gave a rare public mention of her boyfriend, Travis Kelce. Sabrina Carpenter won song of the year for "Espresso."
More than 20,000 users of Microsoft 365 tools alone reported issues accessing systems on Thursday morning in apparent software outage.
Can Apple's AirPods make hearing aids cool? Experts say they could help destigmatize hearing loss.
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
Microsoft is holding a cybersecurity summit Tuesday in the wake of the CrowdStrike software update that caused a global outage in July. Microsoft reportedly plans to address ways the tech industry can improve its security. CBS News cybersecurity contributor Andrew Boyd has more.
Ruling comes on same day EU court enforces whopping $2.7 billion penalty against Apple in long-running antitrust case.
The spacewalkers tested new SpaceX-designed pressure suits that could eventually be used by civilian astronauts on the moon and Mars.
Record-high temperatures have hit several areas of California, Arizona and Oregon since Friday, extending the fire season and creating drier conditions that make wildfires spread faster. The Line Fire in Southern California has grown past 21,000 acres, roughly half the size of Washington, D.C. CBS News senior national and environmental correspondent Ben Tracy reports.
The Europa Clipper remains on track for launch Oct. 10 to study Jupiter's icy moon Europa, where a vast ocean lurks beneath an icy crust.
For those who are pregnant, extreme heat isn't just uncomfortable. Studies show it can lead to serious complications for them and their unborn child, including pre-term births, miscarriages and stillbirths, and even increase the likelihood of one of the leading causes of death of pregnant women in the U.S. — homicide. Here's what to know.
Firefighters are battling triple-digit temperatures as they fight Southern California's Line Fire. Gov. Gavin Newsom has declared a state of emergency with thousands evacuating ahead of the blaze. CBS News senior national and environmental correspondent Ben Tracy reports.
An Arkansas county and a health provider have agreed to a $6 million settlement with the family of a man who died from dehydration and malnutrition while being held in jail, a lawyer for the family says.
Maria Daniela Icaza's death comes just days after the head of another prison was killed in Ecuador.
The Idaho Supreme Court's order stated that all proceedings in the case be moved from Latah County, where the University of Idaho is located, to Ada County.
CBS News analysis of data on every U.S. school shooting since 1966 found many safety steps taken by school administrators don't address a significant threat to students and teachers.
Investigators confirmed that Colt Gray snuck a semi automatic assault rifle into Apalachee High School the day of the Georgia shooting.
The four members of the SpaceX Polaris Dawn crew made history Thursday as they completed the first privately financed spacewalk in history. CBS News senior national correspondent Mark Strassmann has more.
The first private commercial spacewalk in history was completed Thursday morning by the SpaceX Polaris Dawn crew. The four-person mission was led by billionaire tech CEO Jared Isaacman and lasted about two hours. CBS News space analyst Bill Harwood has more.
SpaceX's Polaris Dawn Crew executed the first ever private spacewalk Thursday morning. CBS News space analyst Bill Harwood has more.
A SpaceX capsule carrying four astronauts performed the first-ever commercial spacewalk Thursday morning. It is the first time a company, not a government space program, has performed a spacewalk.
The spacewalkers tested new SpaceX-designed pressure suits that could eventually be used by civilian astronauts on the moon and Mars.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Live performances are in full swing this summer. Scroll through our concert gallery, featuring pictures by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
The seesaw marriage between the former ballerina and her much older husband only lasted four years, until she shot him on Sept. 27, 2020.
A look at the evidence in "The Dexter Killer" case; plus, newly revealed letters from the man police say wanted to be like fictional serial killer Dexter Morgan.
A teenager's murder in Lowell, Massachusetts, goes unsolved for more than 40 years -- were the clues there all along?
NYPD commissioner Edward Caban resigned on Thursday in the midst of a federal investigation. Last week, agents raided the homes and seized cell phones of Caban and his twin brother, along with three other high-ranking city officials.
Francine, now a post-tropical cyclone, is still a powerful storm. Millions are under a flash flood threat across the south in Tennessee, Alabama and Georgia. Outside New Orleans, some streets were still flooded on Thursday.
More than 110,000 acres have burned in California as the fires around Los Angeles have reached residential areas. The largest fire in the state currently is the Bridge Fire, which is about 75 miles east of L.A. The cause of the fire is still being investigated.
A Georgia judge dismissed two charges against former President Donald Trump in the state's election interference case Thursday. The judge determined the dismissed counts dealing with conspiracy and filing false documents fell under federal jurisdiction. The former president now faces eight remaining counts out of the original 13. CBS News legal contributor Rebecca Roiphe has more.
Former President Donald Trump and Vice President Kamala Harris were back on the campaign trail Thursday touting their planned tax cuts if elected. Trump also said he would not debate Harris again. CBS News campaign reporter Jake Rosen has more.