New report on credit debt released
A record number of Americans are now carrying credit card debt that they can't pay down, a new report finds. CBS News MoneyWatch reporter Megan Cerullo has more.
Credit Card Debt
Record share of Americans carry credit card debt, can't pay off bills
About 111 million Americans are carrying credit card balances, a 17% increase in five years, new research shows.
Can Trump cap credit card rates?
President Trump says he wants to cap credit card interest rates at 10% for a year by Jan. 20. CBS News business analyst Jill Schlesinger breaks down if the president has the ability to cap rates and what it would mean for you.
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.
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.
Live
U.S. set to begin Iranian ports blockade and partial Strait of Hormuz blockade
The price of U.S. crude rose to $104.24 a barrel following the blockade announcement and Brent crude oil, the international standard, rose to $102.29.
Trump calls Pope Leo "WEAK on Crime, and terrible for Foreign Policy"
Pope Leo has been critical of the war in Iran and other priorities of the Trump administration, but says his comments are "not meant as attacks on anyone."
Exclusive
Lynette Hooker told friend in 2024 text: "I can't be out there with him"
Two years before her disappearance, Lynette Hooker temporarily split with her husband Brian, telling a friend, "Our marriage lasted 6 weeks cruising," and "It was bad. I can't be out there with him."
ICE detaining fewer non-criminals, driving a decline in detention population
The average daily ICE detention population declined by 12% from January to March, as a shakeup in DHS leadership suggests a potential shift in enforcement strategy.
Swalwell ends bid for California governor amid sexual assault allegations
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.
Hungary's Viktor Orbán concedes defeat after 16 years in power
Partial official results show opposition leader Peter Magyar's party dominating the vote, in a bombshell election result with repercussions around Europe and beyond.
Pope says he has "no fear of the Trump administration" after president lashes out
Pope Leo has repeatedly warned that violence is becoming normalized and that religious language is at risk of being misused to justify it.
How dangerous trucking schemes are putting Americans at risk
In a scheme plaguing roadways, some commercial trucking networks are racking up safety violations and evading federal enforcement by dissolving bad records and operating under new names.
Fallout from Swalwell scandal grows as lawmakers eye House expulsion votes
The political crisis surrounding Democratic Rep. Eric Swalwell is rapidly escalating into a broader bipartisan showdown that could reshape the makeup of the House.
U.S.
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Roblox introduces age-based accounts amid child safety concerns
The California-based company said it will assign users ages 5 to 8 to a Roblox Kids account and users ages 9 to 15 to a separate account called Roblox Select.
U.S. stocks set to sink, oil prices rise amid Trump's blockade plan
Global oil prices jumped over $100 a barrel as investors fret over Trump's threat to launch a partial naval blockade of the vital trade route.
Exclusive
Lynette Hooker told friend in 2024 text: "I can't be out there with him"
Two years before her disappearance, Lynette Hooker temporarily split with her husband Brian, telling a friend, "Our marriage lasted 6 weeks cruising," and "It was bad. I can't be out there with him."
What Brian Hooker says happened the night his wife vanished in Bahamas
During a nearly 40-minute phone conversation, Brian Hooker told friends in descriptive detail what led to the incident where his wife allegedly went missing.
ICE detaining fewer non-criminals, driving a decline in detention population
The average daily ICE detention population declined by 12% from January to March, as a shakeup in DHS leadership suggests a potential shift in enforcement strategy.
MoneyWatch
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Roblox introduces age-based accounts amid child safety concerns
The California-based company said it will assign users ages 5 to 8 to a Roblox Kids account and users ages 9 to 15 to a separate account called Roblox Select.
U.S. stocks set to sink, oil prices rise amid Trump's blockade plan
Global oil prices jumped over $100 a barrel as investors fret over Trump's threat to launch a partial naval blockade of the vital trade route.
Nationwide boom in AI data centers stirs resistance
To fuel their artificial intelligence initiatives, tech companies are building massive numbers of AI data centers, with more than 4,000 in operation across the country. But some communities, wary of the environmental and financial implications, are fighting back.
Fighting for health care claim approvals
Seventy-three percent of Americans say delays and denials of medical treatment by healthcare insurers are a major problem. Now, a company called Sheer Health says they will fight insurance battles on behalf of their clients.
Chinese electric vehicles pull into the lead
China's long-term investments in innovation are paying off in electric vehicles. Last year, the Chinese car company BYD overtook Tesla as the world's top seller of EVs, despite the U.S. market being virtually closed to them.
Politics
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ICE detaining fewer non-criminals, driving a decline in detention population
The average daily ICE detention population declined by 12% from January to March, as a shakeup in DHS leadership suggests a potential shift in enforcement strategy.
Pennsylvania town faces fallout from Trump's environmental rule rollback
The Trump administration is ratcheting up attacks on environmental protections that Make America Healthy Again followers hold dear.
Trump calls Pope Leo "WEAK on Crime, and terrible for Foreign Policy"
Pope Leo has been critical of the war in Iran and other priorities of the Trump administration, but says his comments are "not meant as attacks on anyone."
U.S. says 1 person survived after strikes on alleged drug boats kill 5
After the strikes, Southern Command said it notified the U.S. Coast Guard to launch a search and rescue mission for the survivor.
Swalwell ends bid for California governor amid sexual assault allegations
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.
HealthWatch
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Pennsylvania town faces fallout from Trump's environmental rule rollback
The Trump administration is ratcheting up attacks on environmental protections that Make America Healthy Again followers hold dear.
Fighting for health care claim approvals
Seventy-three percent of Americans say delays and denials of medical treatment by healthcare insurers are a major problem. Now, a company called Sheer Health says they will fight insurance battles on behalf of their clients.
A teen athlete's headache wouldn't stop. It took a year to find a cure.
Jack Alston was used to migraines, but after two concussions in middle school, he was stuck with a headache that wouldn't go away.
Medicaid work rules will stress states' staffing capacity
Some states already don't have enough staff to quickly process Medicaid applications and answer enrollees' phone calls. Researchers say they may not be prepared to handle new Medicaid work rules, predicting people will lose coverage as a result.
Exclusive
2 more drug companies to officially launch on TrumpRx
Two more drug-making giants, Abbvie and Genentech, will start selling popular medications on the White House's discounted pharmaceutical site as soon as Monday.
World
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Premier League soccer player killed in attack on team bus in Ghana
Dominic Frimpong was killed after the team's bus was attacked by a group of suspected armed robbers, officials said Monday.
Pope says he has "no fear of the Trump administration" after president lashes out
Pope Leo has repeatedly warned that violence is becoming normalized and that religious language is at risk of being misused to justify it.
Live
U.S. set to begin Iranian ports blockade and partial Strait of Hormuz blockade
The price of U.S. crude rose to $104.24 a barrel following the blockade announcement and Brent crude oil, the international standard, rose to $102.29.
Trump calls Pope Leo "WEAK on Crime, and terrible for Foreign Policy"
Pope Leo has been critical of the war in Iran and other priorities of the Trump administration, but says his comments are "not meant as attacks on anyone."
U.S. says 1 person survived after strikes on alleged drug boats kill 5
After the strikes, Southern Command said it notified the U.S. Coast Guard to launch a search and rescue mission for the survivor.
Entertainment
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Britney Spears voluntarily checks into rehab after California DUI arrest in March
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.
4/12: Sunday Morning - The Money Issue
Jane Pauley hosts our annual "Money Issue." Featured: Obstacles to home ownership; fighting health insurance denials; Chinese EVs; opposition to AI data centers; American Girl dolls; skin care mogul Scarlett Johansson; roller coasters; the popularity of bingo!; and is your phone eavesdropping on you?
American Girl: Celebrating girl power
Founded in 1986, American Girl has created dolls, books and accessories that tell the stories of young girls in every American era. On the toy's 40th anniversary, correspondent Faith Salie explores how making history come alive is also creating timeless bonds between generations that celebrate girlhood.
Scarlett Johansson on becoming a skin care mogul
The actress has played many roles in her career – and now, the Tony-winner and two-time Oscar-nominee has taken on another: launching her new line of products, called The Outset, designed for people with sensitive skin (like hers).
Extended interview: Scarlett Johansson
In this web exclusive, actress Scarlett Johansson talks about how dealing with her sensitive skin for years led to her founding a new line of skin care products, The Outset. She also discusses her life-changing roles, and the impact of artificial intelligence.
Technology
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Technology
Sam Altman voices safety concerns
Sam Altman, the CEO of OpenAI, shared a personal blog post and photo of his family saying, "In the hopes that it might dissuade the next person from throwing a Molotov cocktail at our house, no matter what they think of me," following an attack outside his home last week. Altman suggested the incident was connected to the broader debate over AI, saying, "we should deescalate the rhetoric and tactics."
Nationwide boom in AI data centers stirs resistance
To fuel their artificial intelligence initiatives, tech companies are building massive numbers of AI data centers, with more than 4,000 in operation across the country. But some communities, wary of the environmental and financial implications, are fighting back.
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.
Extended interview: Sen. Dave McCormick on AI
In this web exclusive, Sen. Dave McCormick (R-Pa.) talks with Robert Costa about how energy and the rise in artificial intelligence go hand-in-hand; America's rivalry with China over AI; and nuclear power.
Nationwide boom in AI data centers stirs resistance
To fuel their artificial intelligence initiatives, tech companies are building massive numbers of AI data centers, with more than 4,000 in operation across the country. But some communities, wary of the environmental and financial implications of such facilities in their backyards, are fighting back. "Sunday Morning" national correspondent Robert Costa examines the drive to construct AI data centers, and the debate between opponents and AI advocates.
Science
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First major forecast for 2026 Atlantic hurricane season is released
Colorado State University has released its annual Atlantic hurricane forecast, predicting 13 named storms and six hurricanes may develop during the 2026 season.
Creature thought to be world's oldest octopus isn't an octopus after all
Scientists have found evidence that a 300-million-year-old sea creature previously thought to be the world's oldest octopus is actually a nautilus relative.
March smashed heat records in several ways, federal data shows
Last month was the hottest March on record for the Lower 48 states, by the most for any month ever, federal data shows. And a forecast El Niño could heat Earth even more.
Emperor penguins listed as endangered species
The emperor penguin has been declared an endangered species as climate change pushes the icon of Antarctica a step closer to extinction, the global authority on threatened wildlife says.
Stunning photos from Artemis II show Earth, moon, eclipse from space
The astronauts aboard Artemis II are the first humans to see some parts of the far side of the moon with the naked eye.
Crime
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Premier League soccer player killed in attack on team bus in Ghana
Dominic Frimpong was killed after the team's bus was attacked by a group of suspected armed robbers, officials said Monday.
Remains of missing woman discovered in hidden grave decades later
Kimberly Langwell, a mom in Beaumont, Texas, had dinner plans with her teenage daughter and boyfriend on July 9, 1999 – but she never came home from work. It would take more than 20 years before one man's long-kept secret would expose her killer.
Authorities seize 5 tons of cocaine from banana, wine shipments
The drugs were seized at London Gateway, a deep-sea container port about 30 miles from London.
Latest on woman missing in the Bahamas
Lynette Hooker was reported missing in the Bahamas one week ago by her husband, Brian, who said she fell off their boat. Hooker was arrested on Thursday in connection to his wife's disappearance. "CBS Saturday Morning" speaks with people who knew the couple to learn more.
Malnourished boy found locked in utility van since 2024, police say
A 9-year-old boy was rescued this week after living locked in his father's utility van in eastern France since 2024, according to the local prosecutor.
Space
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Artemis II astronauts welcomed home to Houston after historic moonshot
The Artemis II astronauts flew back to the Johnson Space Center in Houston Saturday to cheers and applause from family members and hundreds of NASA workers.
9 highlights from Artemis II's epic journey around the moon
The Artemis II crew's nine-day moon mission set a record for the farthest any human has ever traveled from Earth. Here's a look at the key moments.
Artemis II crew splashes down to end historic moon mission
NASA's Artemis II astronauts returned to Earth with a splashdown landing in the Pacific Ocean after making a high-speed reentry through the atmosphere.
How an 8-year-old designed a zero-gravity indicator for Artemis II
The development of the mission mascot and viral sensation Rise began over a year before Artemis II blasted off.
As Artemis II heads back to Earth, crew stakes their lives on the heat shield
Despite problems during the unpiloted Artemis I reentry, the Artemis II crew is confident their heat shield will protect them during a fiery descent to Earth.
Latest Galleries
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Notable Deaths in 2026
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Evidence in the Barbara Kendhammer case
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
The life & near death of prizefighter Christy Salters-Martin
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
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
Sam Altman voices safety concerns
Sam Altman, the CEO of OpenAI, shared a personal blog post and photo of his family saying, "In the hopes that it might dissuade the next person from throwing a Molotov cocktail at our house, no matter what they think of me," following an attack outside his home last week. Altman suggested the incident was connected to the broader debate over AI, saying, "we should deescalate the rhetoric and tactics."
Latest in search for woman missing in Bahamas
Lynette Hooker, the missing American in the Bahamas, told a friend about concerns in her marriage to Brian Hooker back in 2024, text messages obtained by CBS News show. Brian Hooker, who told police his wife fell overboard on their boat, was arrested in connection to her disappearance. He has denied any wrongdoing.
Highlights from Artemis II mission
The four astronauts from NASA's Artemis II mission splashed down off the coast of California on Friday and are now reflecting on their historic lunar flyby. Mark Strassmann reports.
Swalwell ends bid for California governor
Democratic Rep. Eric Swalwell announced he is suspending his campaign in the California governor's race following mounting allegations of sexual misconduct. Democratic congressional leaders have called for an investigation as Swalwell denies the allegations of sexual assault.
U.S. to begin Strait of Hormuz blockade
After marathon peace talks in Pakistan with Iran resulted in no deal, President Trump says the U.S. will blockade the Strait of Hormuz to ships doing business with Iran. Weijia Jiang reports.