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 Debt
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.
Credit card debt across U.S. tops $1 trillion
Credit card debt in America has reached a new high, surpassing $1 trillion for the first time according to a new report from the Federal Reserve. The Fed says about $45 billion of that debt was added just in the last few months. Jennifer Streaks, senior personal finance reporter for Insider, joined CBS News to discuss what this means for the economy.
America in a credit card debt crisis
Americans are racking up all-time high levels of credit card debt. Ted Rossman, senior industry analyst for CreditCards.com, has tips if you're struggling with high balances.
When to take a break from credit cards
Cash back, rewards points and delayed payment options can make credit cards seem extremely attractive, but they can lead to serious consequences if not monitored properly. NerdWallet Personal finance expert Kimberly Palmer has more on when you might want to consider a credit card hiatus.
Buried in credit card debt? Here's how to dig your way out.
With annual percentage rates topping 20%, it's more important than ever to lower your credit card debt. These tips can help.
Americans have $986 billion in credit card debt
Americans now carry a record $986 billion worth of credit card debt, according to numbers from the Federal Reserve Bank of New York. CBS News MoneyWatch reporter Megan Cerullo explained the reasons behind the staggering number, and shared tips for reducing your debt.
How a U.S. debt default could impact your money
"It's hard to overstate how bad it would be," one expert said. Everything from Social Security payments to your retirement fund could get hit.
Amid record high APRs, what's a good credit card interest rate?
Before applying for new plastic, look for offers in this range. And be willing to negotiate.
Americans racked up record credit card debt in February
American consumers paid down a substantial portion of credit-card debt in the pandemic, but have now reversed themselves.
Average credit card interest rate hits record high
With average APR near 21%, now is the time to pay off credit card debt as it becomes costlier to carry.
How to approach credit card perks, debt
Spending and inflation have sent credit card debt soaring to a record high of nearly a trillion dollars, and credit card companies are offering perks to try to get more people to sign up. Javier E. David, a CBS News contributor and the managing editor for business and markets at Axios, joined Vladimir Duthiers and Anne-Marie Green to discuss what customers need to look out for.
Americans in their 30s struggle with debt
Americans in their 30s are struggling with mounting debt, surpassing other age groups, and rising interest rates are making it harder to pay the bills. CBS News' Tony Dokoupil and Lilia Luciano are joined by Yahoo Finance reporter Akiko Fujita.
Americans are saving less and being buried in credit card debt
About 36% of survey respondents said they have more credit card debt than emergency savings, up from 22% a year ago.
MoneyWatch: How to lower credit card debt
Personal finance columnist Michelle Singletary joins CBS News' Errol Barnett and Elaine Quijano to offer some tips for lowering credit card debt as consumers grapple with inflation and rising interest rates.
"Buy now, pay later" programs make it easy to rack up debt fast
The programs can be used on everything from groceries to weddings. But missing a payment could cost you.
Weather woes impact July 4th celebrations as National Mall briefly evacuated
Americans celebrated 250 years of independence this Fourth of July, although severe weather put a damper on the proceedings in several parts of the country.
Heat and severe storms damper July 4th celebrations, leave thousands without power
While millions of Americans across the Northeast experienced record-setting temperatures, thunderstorms in the Midwest downed trees, ruptured power lines and made transportation treacherous.
Rep. Nancy Pelosi's husband suspected in California hit-and-run
Paul Pelosi, the husband of former House Speaker Nancy Pelosi, is suspected of crashing into a parked car and driving away from the scene Friday afternoon in Northern California
Live
Mourners chant for revenge as dayslong funeral of Iran's slain leader begins
The flag-draped casket of Ayatollah Ali Khamenei was put on display in Tehran with millions expected to attend his dayslong funeral.
Pope Leo spends July 4th at migrant cemetery in Italy, meets with U.S. ambassador
After the pope's visit to the Sicilian island of Lampedusa, the U.S. Embassy said the ambassador to the Holy See gave Leo a commemorative baseball, an apple pie and a U.S. World Cup jersey.
Serena Williams withdraws from Wimbledon doubles match with sister Venus
Serena Williams cited a knee injury behind her decision to withdraw from a doubles match at Wimbledon.
Taylor Swift and Travis Kelce married in ceremony officiated by Adam Sandler
Taylor Swift and Travis Kelce were married as they celebrated their wedding with hundreds of guests Friday at Madison Square Garden in New York City.
Joey Chestnut wins Nathan's Hot Dog Eating Contest, Miki Sudo is women's champion
Reigning champion Joey Chestnut ate 66 hot dogs and buns to win the 2026 Nathan's Famous Hot Dog Eating Contest while Miki Sudo ate 38 3/4 to win the women's competition.
250 essential American songs to mark nation's birthday
What are the essential American songs? To mark the nation's 250th birthday, we asked that question to Sunday Morning's familiar faces, from performers to artists and writers to community leaders.
U.S.
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Pope Leo spends July 4th at migrant cemetery in Italy, meets with U.S. ambassador
After the pope's visit to the Sicilian island of Lampedusa, the U.S. Embassy said the ambassador to the Holy See gave Leo a commemorative baseball, an apple pie and a U.S. World Cup jersey.
Heat and severe storms damper July 4th celebrations, leave thousands without power
While millions of Americans across the Northeast experienced record-setting temperatures, thunderstorms in the Midwest downed trees, ruptured power lines and made transportation treacherous.
DNA technology leads to identification of Revolutionary War soldier
The remains of a Revolutionary War soldier were identified as a young man from Maryland just before America's 250th anniversary.
Serena Williams withdraws from Wimbledon doubles match with sister Venus
Serena Williams cited a knee injury behind her decision to withdraw from a doubles match at Wimbledon.
Weather woes impact July 4th celebrations as National Mall briefly evacuated
Americans celebrated 250 years of independence this Fourth of July, although severe weather put a damper on the proceedings in several parts of the country.
MoneyWatch
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More than 100,000 fireworks recalled ahead of July 4
Federal safety regulators are urging consumers to stop using the recalled fireworks and return them for a full refund.
How to save money on air conditioning as electric bills climb
As Americans endure another bout of extreme heat, experts say small thermostat adjustments and other energy-saving steps can help reduce soaring cooling costs.
Here's who won — and lost — under Trump's "big, beautiful bill"
A year after President Trump signed the sweeping tax and spending package, its effects on households, businesses and federal programs are increasingly evident.
U.S. says it's monitoring oil markets for price-fixing, urges states to do same
Antitrust regulators suggested that state attorneys general could assist in investigating unlawful conduct by companies.
What's open and closed on July 3 and July 4? See which stores are operating.
Major retail stores will be open on Friday, although some may have modified hours on Saturday, July 4.
Politics
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6 presidential speeches that shaped American history
These six presidential speeches are some that have most reverberated through the ages, and whose impacts are still felt today.
Trump warns of "communist menace" in speech at Mount Rushmore
The president kicked off America's 250th anniversary celebrations with a speech at Mount Rushmore where he warned of a resurgence in communism.
Trump announces pardons for pollution violators prosecuted for "fixing their car"
CBS News previously reported President Trump was weighing pardons of a slate of people convicted of emissions and clean air-related violations.
Trump gifted lavish ring from Belgian diamond group that won tariff relief
The gift comes months after Belgium's diamond industry won the removal of U.S. tariffs on diamond imports.
Inside the security operations for July Fourth celebrations in D.C.
The Fourth of July celebrations in Washington, D.C., are deemed a "national special security event," which is the highest possible designation.
HealthWatch
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1 symptom leads to dad's cancer diagnosis: "I was like, 'Wait, what?'"
Eric Dillon thought the pain in his shoulder was a minor injury. It took two years to get the real answer.
Why tick season is expected to be worse than normal
The CDC is reporting the highest rate of emergency room visits from tick bites since 2017 in many parts of the U.S.
Investigation
What a Brooklyn bodega reveals about the craze for an experimental weight-loss drug
It isn't approved by the FDA, but we found an experimental weight-loss drug called retatrutide for sale at a local convenience store.
Actor Danny Glover reveals Alzheimer's diagnosis
Actor Danny Glover spoke about his Alzheimer's diagnosis in an interview with NBC's "Today" show, revealing that he has been living with the disease for several years.
Medicare to help pay for some GLP-1 drugs
Starting Wednesday, Medicare will help pay for some GLP-1 medications for weight loss. CBS News medical correspondent Dr. Celine Gounder explains what this means for patients.
World
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Pope Leo spends July 4th at migrant cemetery in Italy, meets with U.S. ambassador
After the pope's visit to the Sicilian island of Lampedusa, the U.S. Embassy said the ambassador to the Holy See gave Leo a commemorative baseball, an apple pie and a U.S. World Cup jersey.
Egypt uncovers lost Byzantine-era city in the western desert
The fourth-century residential city in the western desert is one of two major archaeological finds announced by Egypt on Saturday.
Prince Harry to travel solo to London amid security flap
Meghan and his children may eventually join him on the rest of the trip outside London, the source said.
Trump gifted lavish ring from Belgian diamond group that won tariff relief
The gift comes months after Belgium's diamond industry won the removal of U.S. tariffs on diamond imports.
Prince William appears on "New Heights" podcast ahead of Swift-Kelce wedding
Prince William will appear on the podcast hosted by Jason and Travis Kelce just hours before Travis Kelce and Taylor Swift's anticipated wedding.
Entertainment
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Entertainment
Punch Brothers' "Song of the Water Kelpie (unsung)"
Bluegrass band Punch Brothers was formed by mandolinist Chris Thile in 2006. Their upcoming all-instrumental album, "The Unsung Adventures of Punch Brothers," will be released on July 24. Here's Punch Brothers performing "Song of the Water Kelpie (unsung)."
Taylor and Travis say yes at MSG
The vows have been exchanged, the party is over, and slowly, details are emerging about Taylor Swift and Travis Kelce's wedding. Lilia Luciano reports.
Are drones the new fireworks?
While many in the U.S. light fireworks on the Fourth of July, some towns are turning to drones as a cleaner, quieter alternative. Mark Strassmann gets a preview in Texas.
Punch Brothers play "This Land Is Your Land"
Bluegrass band Punch Brothers was formed by mandolinist Chris Thile in 2006. In celebration of the Fourth of July, here's Punch Brothers performing their cover of Woody Guthrie's classic song, "This Land Is Your Land."
Taylor Swift and Travis Kelce tie the knot
Taylor Swift and Travis Kelce were married at Madison Square Garden in New York City on Friday. Comedian Adam Sandler officiated the ceremony, a representative for Swift confirmed. Jo Ling Kent has more details.
Technology
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Technology
Why U.S. initially restricted Anthropic AI models
The Trump administration has lifted export restrictions on Anthropic's most advanced artificial intelligence models, Fable and Mythos, after weeks of negotiations over national security concerns. CNET Editor-in-Chief David Katzmaier joins to discuss.
White House lifted AI limits, Anthropic says
Tech giant Anthropic says that the federal government has now removed restrictions from its robust Claude Fable 5 and Mythos 5 models. Axios reporter Madison Mills has more on artificial intelligence regulation.
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.
Sony to stop making physical discs for PlayStation starting in 2028
After January 2028, new games will be available exclusively in digital format from the PlayStation Store and at retailers, Sony said.
Consumers need protection from AI agents, lawmaker says
Sen. Mark Warner wants to create a federal registry of trusted AI agents and ensure autonomous bots operate like fiduciaries.
Science
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The American innovation that made millions of others possible
From the lightbulb to the airplane, to medical breakthroughs and the internet age, the past 250 years have been defined by America's intrepid intellect.
New White House UFO panel chair speaks out
The White House appointed former Harvard University astronomer Avi Loeb to lead its new panel on Unidentified Anomalous Phenomena, also known as UAPs and UFOs. Loeb shares his enthusiasm for his new role.
3 futurists predict what America will be like in the centuries ahead
From space to healthcare and artificial intelligence, what could the next 250 years of the United States look like?
NASA strives to save doomed telescope
NASA is in a race against time as the Swift Observatory telescope in orbit sinks closer to Earth. CBS News consultant William Harwood explains the $30 million salvage operation.
Fossil found in drawer turns out to be first dinosaur bone from Antarctica
Dinosaur fossils are rare to find in Antarctica because of the unforgiving ice caps. But millions of years ago, the region was populated by lush forests.
Crime
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Rep. Nancy Pelosi's husband suspected in Napa County hit-and-run
Paul Pelosi, the husband of former House Speaker Nancy Pelosi, is suspected of crashing into a parked car and driving away from the scene Friday afternoon in Northern California.
Trump announces 6 new pardons
The four presidents carved into Mount Rushmore collectively issued over 1,100 pardons. President Trump, who is visiting there tonight, has outdone them all and is now adding more. Nancy Cordes reports.
Trump considering pardons and clemency
President Trump is considering pardons for a group of people convicted of emissions and clean-air-related violations and has discussed potential clemency for Sean "Diddy" Combs, according to sources familiar with his plans. CBS News' Nikole Killion reports.
Trump weighing Diddy clemency, sources say
President Trump is considering pardons for a slew of individuals, including potential clemency for disgraced music mogul Sean "Diddy" Combs and some offenders with pollution-related convictions, sources say. CBS News' Olivia Rinaldi reports.
Olympian charged over alleged D.C. vandalism
U.S. Olympian David Hearn is facing a felony charge after being accused of vandalizing the Lincoln Memorial Reflecting Pool. CBS News senior Justice Department reporter Sarah Lynch has the details.
Space
More Space
Mission launched to rescue a falling space telescope
Katalyst Space's LINK spacecraft is designed to capture and boost NASA's Swift observatory back to a safe altitude.
NASA astronauts operate on space station's broken robot arm
The orbital surgery on the International Space Station returned the Canadian-built robot arm to full health after its "wrist" joint failed last month.
NASA prepares to launch rescue to save telescope from falling to Earth
The $30 million salvage operation gets underway as soon as this week with the planned launch of a robotic lifesaver.
Astronomers find 2 gigantic planets lighter than cotton candy
The featherweight pair — orbiting a star 1,110 light-years away — are the biggest exoplanets found to have less density than cotton candy.
Telescope snaps most detailed photo yet of Milky Way's heart
Euclid is on a mission to chart one-third of the sky in the hopes of shedding light on the enduring mysteries of dark matter and dark energy.
Latest Galleries
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Celebrations at Obama Presidential Center
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
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.
Summer music highlights of 2026
Summer is the time to enjoy live music, indoors and out. Scroll through our gallery of some of 2026's leading musical acts, featuring images by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
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
More Latest CBS News Videos
Latest CBS News Videos
Trump speaks at Freedom 250 event
President Trump spoke in Washington, D.C., at the "Salute to America" Freedom 250 event on the Fourth of July. He highlighted veterans, the Artemis II crew, an early version of the American flag and more in his speech.
Punch Brothers' "Song of the Water Kelpie (unsung)"
Bluegrass band Punch Brothers was formed by mandolinist Chris Thile in 2006. Their upcoming all-instrumental album, "The Unsung Adventures of Punch Brothers," will be released on July 24. Here's Punch Brothers performing "Song of the Water Kelpie (unsung)."
Relay for America runs flag across U.S.
Relay for America ran the American flag from San Francisco to Washington, D.C., this week to commemorate America's 250th birthday. They did it nonstop for 20 days and nights for more than 3,000 miles on a mission of unity heading to the Fourth of July. Tony Dokoupil has the story.
Taylor and Travis say yes at MSG
The vows have been exchanged, the party is over, and slowly, details are emerging about Taylor Swift and Travis Kelce's wedding. Lilia Luciano reports.
Are drones the new fireworks?
While many in the U.S. light fireworks on the Fourth of July, some towns are turning to drones as a cleaner, quieter alternative. Mark Strassmann gets a preview in Texas.