Analyzing latest economic data
Layoffs across the U.S. soared last month, marking the worst October cuts in 22 years, according to the firm Challenger, Gray and Christmas. CBS News MoneyWatch correspondent Kelly O'Grady breaks it down.
Credit Card Debt
Tips to pay off your debt
A new Federal Reserve report shows total household debt is more than $18 trillion, which is equivalent to nearly half the size of the U.S. economy. CBS News business analyst Jill Schlesinger has tips to help you cut down on your debt.
Why some families give kids credit cards
More parents are getting a head start on establishing their kids' credit ratings. CBS News national consumer correspondent Ash-Har Quraishi reports.
Tips for paying off credit card debt
U.S. credit card debt is hitting near-record highs. Stefanie O'Connell Rodriguez, a financial advice writer, joins CBS MoneyWatch with tips on how to manage your debt. (Sponsored by AT&T Business)
Americans struggling with credit card debt
A report from the Philadelphia Federal Reserve shows a record-high number of Americans are only paying the minimum monthly payment on their credit card bills, peaking at nearly 11% of all accounts in the third quarter of 2024. Ted Rossman, senior industry analyst at Bankrate, joined CBS News to discuss the issue.
Most Americans can't afford a $1,000 emergency expense, report finds
Nearly 60% of Americans don't have enough money put away to handle common financial emergencies, according to Bankrate.
Tips for paying off debt
With nearly half of Americans carrying credit card balances month-to-month, CBS News business analyst Jill Schlesinger provides tips on how to pay down debt.
Impact of increase in credit card defaults
New data shows rising default rates on credit card loans. Card lenders wrote off $46 billion in debt in the first nine months of the year, the highest since 2010. CBS News MoneyWatch correspondent Kelly O'Grady explains the alarming data.
Senate GOP members fight for leadership role
CBS News estimates that control of the House of Representatives is lean Republican. Meanwhile, the GOP flipped the Senate with longtime leader Mitch McConnell stepping down from the role. CBS News congressional correspondent Nikole Killion has more.
Here's how the Fed's rate cut could impact your credit card balance
The Fed has slashed borrowing costs for the first time in more than four years. Here's how that would impact people with credit card balances.
Nearly half of Americans don't know their credit card APRs
Here's how not knowing what your credit card interest rate is can hurt you financially.
U.S. consumers rack up record $1.14 trillion in credit card debt
Consumers tacked on an additional $27 billion in credit card spending in the second quarter, the Federal Reserve Bank of New York said.
Judge halts plan to cap credit card late fees
A federal judge in Texas Friday temporarily halted a Biden administration rule that would cap credit card late fees at $8, about a quarter of what they are now. Credit card companies receive about $14 billion in late fee payments per year, according to the Consumer Financial Protection Bureau. Elise Preston has more.
Biden administration caps credit card late fees at $8
The Biden administration has introduced a rule capping credit card late fees at a maximum of $8, a sharp decrease from the current $32 average. This comes as a new task force is set to address illegal and unfair pricing practices in essential sectors like groceries, prescription drugs, health care and housing. CBS News business analyst Jill Schlesinger offers an in-depth analysis of what these changes mean for consumers.
Biden announces credit card late fee cap of $8
President Biden on Tuesday announced credit card late fees will be capped at $8, down from around $32. Nikki Battiste has the details.
Credit card debt in the U.S. soars to a new record. Here's why.
Credit card debt hit a record $1.13 trillion at the end of 2023, while delinquencies have surged more than 50% from a year ago.
1 in 3 Americans have more credit card debt than emergency savings
If faced with a sudden loss of income, more than half of Americans say they worry they wouldn't have enough savings to cover a month's living expenses.
56 million credit cardholders have been in debt for at least a year
American consumers' combined outstanding credit card balances hit a record $1 trillion in 2023, miring many people in debt.
Shoppers opened their wallets this holiday, defying fears of pullback
U.S. economy continues to plow ahead, as holiday shoppers shell out more on gifts this year than predicted.
Rate hike pause could be good for your 401(k)
An end to the interest rate hike cycle may be in sight with inflation cooling. Al Root, a senior writer at Barron's, breaks down how the rate hike pause could positively impact your retirement savings plans.
Retail credit card APRs rise to record highs, topping 30%
According to a Bankrate survey, the average retail card APR is now 28.93%, with some retail credit cards charging 32.24%.
Credit card APRs are surging ever higher. Here's how to get a lower rate.
More than a third of credit cards now carry APRs of nearly 30%. But to get a lower rate, often all you have to do is ask.
Republican lawmaker proposes 18% cap on credit card interest rates
U.S. Senator Josh Hawley's bill comes as Americans have been saddled with more than $1 trillion in credit card debt.
Are medical credit cards worth it?
More Americans are turning to medical credit cards as they struggle to pay for medical bills, according to a new survey from the Consumer Financial Protection Bureau. CBS News MoneyWatch associate managing editor Aimee Picchi explains how the cards could impact your credit.
Why U.S. credit card debt increased
U.S. credit card debt surpassed $1 trillion this week, according to new data from the Federal Reserve Bank of New York. Michelle Lambright Black, the founder of creditwriter.com, explained the factors contributing to the increase in credit card debt among Americans and provided tips on how to pay down the balances.
Survivors of Sept. 2 boat strike were waving before second attack, sources say
Two people who survived a U.S. attack on an alleged drug boat were waving overhead before they were killed in a now-controversial second strike, according to two sources.
CDC panel votes to stop recommending birth dose of hepatitis B vaccine
The CDC's Advisory Committee on Immunization Practices, with members appointed by RFK Jr., voted to change longstanding recommendations on the hepatitis B vaccine.
Report finds Afghanistan mission was "two-decade long effort fraught with waste"
The final report this week from the special inspector general for Afghanistan identified $26 billion in waste, fraud, and abuse in U.S. reconstruction spending in Afghanistan since 2009.
Supreme Court to decide constitutionality of Trump's birthright citizenship order
The Supreme Court said Friday it will decide the legality of President Trump's executive order that seeks to end birthright citizenship.
National Guard member is "slowly healing" after D.C. shooting, governor says
West Virginia Gov. Patrick Morrisey said the family expects Andrew Wolfe to be in acute care for another two to three weeks.
Suspect in D.C. pipe bomb case ordered detained in first court appearance
The man suspected of planting pipe bombs outside the RNC and DNC headquarters in 2021 was ordered detained in his first appearance in federal court.
Indiana House GOP advances 9-0 congressional map, sending plan to state Senate
President Trump has led the charge to create more GOP-friendly congressional districts in the 2026 midterm elections.
Minnesota officials saw signs of massive fraud even before COVID hit
In July 2019, Minnesota state officials spotted early signs of fraud that would eventually siphon away more than $1 billion in taxpayer money, sources told CBS News.
Here's where minimum wage increases are set to kick in next year
Minimum wages are set to rise in 22 U.S. states and 66 cities and counties next year, even as the federal baseline wage remains at $7.25.
U.S.
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National Guard member is "slowly healing" after D.C. shooting, governor says
West Virginia Gov. Patrick Morrisey said the family expects Andrew Wolfe to be in acute care for another two to three weeks.
When a Lowe's store cat disappeared, staff pulled out all the stops to find her
When Francine the cat went missing from her Richmond, Virginia, store, employees determined she must have wandered onto a freight truck bound for a distribution center 85 miles away in North Carolina.
Report finds Afghanistan mission was "two-decade long effort fraught with waste"
The final report this week from the special inspector general for Afghanistan identified $26 billion in waste, fraud, and abuse in U.S. reconstruction spending in Afghanistan since 2009.
2 Louisiana inmates on the run after escape through damaged jail wall
Officials in Louisiana say two inmates accused of violent crimes are on the run after escaping from jail by removing pieces of a wall and using sheets to scale a wall.
For Gen Zers, finding work after college is often a painful slog
"It's very discouraging," said one young job-seeker as employers pull back on hiring entry-level workers.
MoneyWatch
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For Gen Zers, finding work after college is often a painful slog
"It's very discouraging," said one young job-seeker as employers pull back on hiring entry-level workers.
Here's where minimum wage increases are set to kick in next year
Minimum wages are set to rise in 22 U.S. states and 66 cities and counties next year, even as the federal baseline wage remains at $7.25.
Officials expand probe into Waymo over robotaxis driving around buses
Federal regulators are investigating multiple Texas incidents in which the robotaxis drove around stopped school buses.
Trump touts $20 trillion in new U.S. investments, but numbers don't add up
President Trump's claims of a historic multitrillion-dollar investment surge don't match federal data or the administration's own numbers.
Elon Musk's X fined $140 million for violating EU transparency rules
European regulators said X breached transparency rules under the Digital Services Act, a sweeping EU law intended to protect internet users.
Politics
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U.S., Ukrainian officials will meet again Saturday on peace plan
The officials in a joint statement said they made progress on creating a security framework for postwar Ukraine and are urging Russia to commit to peace.
Survivors of Sept. 2 boat strike were waving before second attack, sources say
Two people who survived an early September U.S. attack on an alleged drug boat were waving overhead before they were killed in a now-controversial second strike, according to two sources.
Report finds Afghanistan mission was "two-decade long effort fraught with waste"
The final report this week from the special inspector general for Afghanistan identified $26 billion in waste, fraud, and abuse in U.S. reconstruction spending in Afghanistan since 2009.
Supreme Court to decide constitutionality of Trump's birthright citizenship order
The Supreme Court said Friday it will decide the legality of President Trump's executive order that seeks to end birthright citizenship.
Indiana House GOP advances 9-0 congressional map, sending plan to state Senate
President Trump has led the charge to create more GOP-friendly congressional districts in the 2026 midterm elections.
HealthWatch
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CDC panel votes to stop recommending birth dose of hepatitis B vaccine
The CDC's Advisory Committee on Immunization Practices, with members appointed by RFK Jr., voted to change longstanding recommendations on the hepatitis B vaccine.
Could pets be next for weight loss drugs? Here's what to know about a study.
A clinical study into weight loss drugs for pets just launched, with results from the trial expected by next summer.
CDC panel to vote Friday on hepatitis B vaccine for newborns
The CDC's vaccine advisory panel meets Thursday and Friday to discuss recommendations for the hepatitis B vaccine and the schedule of childhood shots.
12 ex-FDA leaders criticize claims made by agency's current vaccine chief
The former officials said the FDA's plans to revamp how certain life-saving vaccines are handled would "disadvantage the people the FDA exists to protect, including millions of Americans at high risk from serious infections."
CEO of genetics firm says parents have a right to choose unborn child's traits
Kian Sadeghi, the 25-year-old founder and CEO at Nucleus Genomics, tells "CBS Mornings" that parents have every right to select the qualities and traits they desire in their child.
World
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U.S., Ukrainian officials will meet again Saturday on peace plan
The officials in a joint statement said they made progress on creating a security framework for postwar Ukraine and are urging Russia to commit to peace.
Treasure trove found in Egyptian tomb solves ancient mystery
The royal symbol on the newly discovered figurines solves a long-standing mystery by identifying who was buried in the sarcophagus.
Elon Musk's X fined $140 million for violating EU transparency rules
European regulators said X breached transparency rules under the Digital Services Act, a sweeping EU law intended to protect internet users.
Mystery drones seen over Ireland during Zelenskyy's visit
After a number of drone sightings near European airports and military bases, mysterious aircraft were seen over Ireland as Ukraine's Zelenskyy visited.
White House claims Europe facing "civilizational erasure" in 2 decades
The Trump administration says societal threats mean some European nations may not be "strong enough to remain reliable allies."
Entertainment
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Frank Gehry, renowned architect, dies at age 96
Frank Gehry was known for designing the Guggenheim Museum Bilbao in Spain and the Walt Disney Concert Hall in Los Angeles.
2026 Golden Globes nominees to be revealed on "CBS Mornings"
Eleven exclusive 2026 Golden Globes categories will be revealed Monday at 8:30 a.m. ET, only on "CBS Mornings."
Book excerpt: "My Beloved" by Jan Karon
The New York Times bestselling author returns to the village of Mitford in her 15th novel featuring Father Tim Kavanagh.
Amy Allen on songwriting, Grammy nods
Amy Allen, who is up for four Grammys, including songwriter of the year, sits down with Anthony Mason to talk about how she went from a nursing student to writing Grammy-nominated hits for Sabrina Carpenter and other pop stars.
Netflix to buy Warner Bros. in a deal valued at $82.7 billion
Netflix on Friday said it will acquire Warner Bros., including its film and television studios, HBO Max and HBO.
Technology
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Technology
Waymo says its cars are better at avoiding crashes
Waymo has released new data showing its robotaxis were involved in 91% fewer serious crashes when compared to human drivers. CBS News' Elizabeth Cook rode along in a Waymo with Politico economic policy reporter Yasmin Khorram to unpack the report.
Elon Musk's X fined $140 million for violating EU transparency rules
European regulators said X breached transparency rules under the Digital Services Act, a sweeping EU law intended to protect internet users.
How AI powered robots are helping small farms
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.
Google reveals top search trends of 2025
The assassination of conservative activist Charlie Kirk, President Trump's "big, beautiful bill," and the longest government shutdown in U.S. history ranked among Google's top search trends this year.
Politico: Trump admin. looks to robotics
Leaders in the robotics industry say that to strengthen AI, companies also need a plan for robots. The White House appears to be listening. Yasmin Khorram, economic policy reporter for Politico, joins CBS News to discuss her article on the topic.
Science
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"Space gum" discovered in asteroid Bennu samples, NASA reveals
Samples collected from the asteroid Bennu are continuing the shed light on the origins of the solar system and how life developed on Earth, scientists say.
CEO of genetics firm says parents have a right to choose unborn child's traits
Kian Sadeghi, the 25-year-old founder and CEO at Nucleus Genomics, tells "CBS Mornings" that parents have every right to select the qualities and traits they desire in their child.
Sick ants invite self-sacrifice to save colony: "Come and kill me"
Ant colonies act as one "super-organism" which works to ensure the survival of all, according to a team of scientists.
Mystery owner of ancient foot found in Africa identified, scientists say
The discovery could cast some doubt on the status of Lucy's species as the direct ancestor of Homo sapiens.
Most dogs have wolf DNA. These breeds have more than others.
Wolf DNA seems to have influenced the size, smelling power and even personality of modern dog breeds, scientists said.
Crime
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Crime
Questions remain after D.C. pipe bomb arrest
The man accused of planting two pipe bombs in Washington, D.C., on the eve of the Jan. 6, 2021, U.S. Capitol riot is facing two federal charges. CBS News' Anna Schecter has more.
D.C. pipe bomb case: What we still don't know
A judge ordered that the man accused of planting pipe bombs placed outside the Democratic and Republican National Committee headquarters in 2021 remain behind bars. CBS News justice correspondent Scott MacFarlane has more.
New video in UnitedHealthcare CEO shooting
Prosecutors have released new surveillance footage showing the lead-up to the shooting of UnitedHealthcare CEO Brian Thompson and the immediate aftermath. CBS News legal reporter Katrina Kaufman has the latest.
Michael Jordan expected to testify in court
Basketball legend Michael Jordan is expected to testify in an antitrust case against NASCAR. CBS News' Skyler Henry reports.
Luigi Mangione's pretrial hearings postponed
Luigi Mangione, the man who faces a New York state trial over the death of UnitedHealthcare CEO Brian Thompson, did not attend his pretrial hearing because he's sick, the court announced Friday. CBS News' Katrina Kaufman has the latest.
Space
More Space
"Space gum" discovered in asteroid Bennu samples, NASA reveals
Samples collected from the asteroid Bennu are continuing the shed light on the origins of the solar system and how life developed on Earth, scientists say.
Air Force approves SpaceX launch pad expansion
The U.S. Air Force has approved SpaceX's plan to redevelop a historic launch pad at Cape Canaveral. CBS News correspondent Mark Strassmann reports.
Geomagnetic storm watch issued after powerful solar flare
Solar flares and other activity can disrupt radio communications, power grids and navigation signals, according to NASA.
Scientists think they've detected lightning on Mars: "Missing piece of the puzzle"
Researchers have documented 55 instances of "mini lightning" over two Martian years by eavesdropping on the whirling wind recorded by NASA's Perseverance rover.
Russia sends a NASA astronaut, 2 cosmonauts, up to the space station
The new space station crew includes American Chris Williams, who holds a Ph.D. in astronomy and is a board-certified medical physicist at Harvard Medical School.
Latest Galleries
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Notable Deaths in 2025
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
The life & near death of prizefighter Christy Salters-Martin
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Robert Redford 1936-2025
A retrospective look at the actor, director, producer, and founder of the Sundance Institute.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Who is Alix Tichelman?
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Latest CBS News Videos
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Latest CBS News Videos
GLP-1 drugs and muscle loss: What to know
A recent KFF poll revealed that one in eight adults in the U.S. is currently taking a GLP-1 weight loss drug. As more people start using them, some are talking about the unexpected side effects, including muscle loss and weakness. Senior Vox correspondent Dylan Scott joins CBS News to share what patients told him.
Couple shelters dozens after mall shooting
Dozens of Black Friday shoppers fleeing from a San Jose, California, mall after a shooting found shelter in a nearby house. The homeowners, Martin and Irene Garcia, join CBS News to recount the experience.
Grijalva says she was pepper sprayed by ICE
Democratic Rep. Adelita Grijalva of Arizona said Friday she was pepper-sprayed by ICE during a raid at a Tucson restaurant. A Homeland Security spokesperson denied Grijalva's account.
Netflix-Warner Bros. deal could face hurdles
Netflix says it is buying studio giant Warner Bros. in a deal valued at more than $82 billion. Fortune business editor Nick Lichtenberg joins CBS News to break down the hurdles facing the merger.
Colts aim to break losing streak
For the first time in NFL history, there are five divisions being led by just one game or less. Charlotte Carroll, staff writer at The Athletic, joins CBS News to unpack Week 14 of the football season.