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.
Trump settles IRS lawsuit, sets up $1.7B fund for claims of "weaponization"
President Trump had accused the Treasury Department and IRS of unlawfully allowing a government contractor to leak his tax returns and those of his sons and company.
Live
Iran war "re-escalation risks" keep oil prices volatile as talks stagger on
Oil prices remain volatile due to Iran war "re-escalation risks," as Tehran says it has shared another set of revised peace deal terms with the U.S.
Inside the "troubled teen" industry, when help sometimes does more harm
A CBS News investigation into youth residential treatment programs finds allegations of abuse, a lack of federal oversight, and families left to navigate a multibillion-dollar industry largely on their own.
U.S. announces Ebola-related travel restrictions amid outbreak in Congo, Uganda
The Trump administration announced it's restricting people who don't have U.S. passports from entering the country if they have been in Congo, South Sudan or Uganda amid the Ebola outbreak.
Judge rules some key evidence can be used in Luigi Mangione's state trial
A New York judge ruled Monday on whether evidence found in Luigi Mangione's backpack during his arrest can be used during his state trial.
Supreme Court tells lower courts to take new look at 2 voting rights cases
At issue in the cases was who can bring lawsuits in federal court to address potential violations of Section 2 of the Voting Rights Act.
Cuba's leader says country poses "no threat" to U.S. after military drone report
The Trump administration has placed intense pressure on Cuba's communist leadership.
Divers find bodies of 4 tourists in Maldives sea cave
Italy's Foreign Ministry said Monday rescuers have located the bodies of four Italian divers who were believed to be deep inside an underwater cave in a Maldive atoll.
Fighter jets' crews eject from air show crash: "A lot of luck involved"
The Mountain Home Air Force Base in Idaho was locked down following the midair crash during the Gunfighter Skies Air Show.
U.S.
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U.S. announces Ebola-related travel restrictions amid outbreak in Congo, Uganda
The Trump administration announced it's restricting people who don't have U.S. passports from entering the country if they have been in Congo, South Sudan or Uganda amid the Ebola outbreak.
Tornado levels family's brand new house: "Most terrifying thing I've experienced"
A mother and daughter hid in the basement of the home they moved into just two weeks ago when a destructive tornado tore across their Nebraska community.
Cuba's leader says country poses "no threat" to U.S. after military drone report
The Trump administration has placed intense pressure on Cuba's communist leadership.
Supreme Court tells lower courts to take new look at 2 voting rights cases
At issue in the cases was who can bring lawsuits in federal court to address potential violations of Section 2 of the Voting Rights Act.
Trump settles IRS lawsuit, sets up $1.7B fund for claims of "weaponization"
President Trump had accused the Treasury Department and IRS of unlawfully allowing a government contractor to leak his tax returns and those of his sons and company.
MoneyWatch
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NextEra Energy to acquire Dominion in a $67 billion utility deal
The combined company will serve about 10 million utility customers across Florida, Virginia, North Carolina and South Carolina.
Is the answer to the housing crunch right in your own backyard?
Accessory Dwelling Units, or ADUs, are small, fully-functional secondary homes located on the same property as a main home, usually in the backyard, filling a vital need where housing has proved scant or expensive.
CBS News poll finds many voice frustration with Trump's economic approach
Gas prices, inflation weigh on Americans. Many see lack of clarity on what's happening in Iran.
Ice cream sold in 17 states recalled for potential metal fragments
No injuries have been reported because of the issue, the Food and Drug Administration said.
Trump talks up trade deals with China, but experts see no big wins for U.S.
President Trump's trip to China could bolster economic relations, but failed to deliver a breakthrough deal, some trade and energy experts said.
Politics
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U.S. announces Ebola-related travel restrictions amid outbreak in Congo, Uganda
The Trump administration announced it's restricting people who don't have U.S. passports from entering the country if they have been in Congo, South Sudan or Uganda amid the Ebola outbreak.
Cuba's leader says country poses "no threat" to U.S. after military drone report
The Trump administration has placed intense pressure on Cuba's communist leadership.
Supreme Court tells lower courts to take new look at 2 voting rights cases
At issue in the cases was who can bring lawsuits in federal court to address potential violations of Section 2 of the Voting Rights Act.
Trump settles IRS lawsuit, sets up $1.7B fund for claims of "weaponization"
President Trump had accused the Treasury Department and IRS of unlawfully allowing a government contractor to leak his tax returns and those of his sons and company.
Full transcript of "Face the Nation with Margaret Brennan," May 17, 2026
On this "Face the Nation with Margaret Brennan" broadcast, U.S. Trade Representative Jamieson Greer and Ambassador Alexander Yui, Taiwan's Representative to the U.S., join Margaret Brennan.
HealthWatch
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Ebola strain in latest outbreak has no vaccine, no treatment
The virus behind the latest Ebola outbreak is the Bundibugyo virus, which is less common and there is no vaccine or treatment.
U.S. announces Ebola-related travel restrictions amid outbreak in Congo, Uganda
The Trump administration announced it's restricting people who don't have U.S. passports from entering the country if they have been in Congo, South Sudan or Uganda amid the Ebola outbreak.
Inside the "troubled teen" industry, when help sometimes does more harm
A CBS News investigation into youth residential treatment programs finds allegations of abuse, a lack of federal oversight, and families left to navigate a multibillion-dollar industry largely on their own.
Hantavirus-hit cruise ship arrives in Netherlands
The cruise ship hit by a deadly hantavirus outbreak has docked at the Dutch port of Rotterdam for disinfection, wrapping up a troubled journey that put world health authorities on alert.
Religious anti-abortion center finds opportunity in town without OB-GYNs
A crisis pregnancy center in Sandpoint, Idaho, wants to expand women's healthcare three years after the labor and delivery unit at the town's hospital closed and its OB-GYNs moved out of state.
World
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Ebola strain in latest outbreak has no vaccine, no treatment
The virus behind the latest Ebola outbreak is the Bundibugyo virus, which is less common and there is no vaccine or treatment.
Cuba's leader says country poses "no threat" to U.S. after military drone report
The Trump administration has placed intense pressure on Cuba's communist leadership.
Police kill escaped tiger after it injures man in Germany
It is believed the tiger was owned by a woman who describes herself as Germany's "Tiger Queen," CBS News partner BBC News reported.
Divers find bodies of 4 Italians in Maldives sea cave
Italy's Foreign Ministry said Monday rescuers located the bodies of four Italian divers who were believed to be deep inside an underwater cave in a Maldive atoll.
Child among 10 people shot dead by gunmen in Mexico
Nine people died at the scene from gunshot wounds and one woman died while being transported to the hospital, prosecutors said.
Entertainment
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Entertainment
2-time "Survivor" contestant on 50th season
Rob Cesternino, a 2-time "Survivor" castaway, talks about the upcoming "Survivor 50" finale, who he think will make the final three and who is his favorite to win the game.
Hayden Panettiere opens up in new memoir
Golden Globe-nominated actor Hayden Panettiere shares her story and opens up about life in the spotlight as a young actor, postpartum depression and her healing journey.
5/17: Sunday Morning "By Design"
Jane Pauley hosts our annual look at design. Featured: Tiny homes in your backyard; Louis Vuitton; Adobe house construction; Finland's Marimekko; domino art; Philadelphia food favorites; chandeliers; Longwood Gardens; rare maps; and director Jon Favreau of "The Mandalorian and Grogu."
"Call Her Daddy" podcast host Alex Cooper announces pregnancy
"Call Her Daddy" host Alex Cooper said on Instagram that she and husband Matt Kaplan are expecting their first child.
Director Jon Favreau on "The Mandalorian and Grogu"
Jon Favreau, creator of the "Star Wars" series "The Mandalorian," has now brought the father-son relationship of Pedro Pascal's bounty hunter and his charge "Baby Yoda" to the big screen.
Technology
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Technology
Jury to start deliberations in OpenAI trial
A nine-person jury will begin deliberations Monday in Elon Musk's $150 billion civil lawsuit against OpenAI CEO Sam Altman. Rachel Metz, artificial intelligence reporter for Bloomberg, joins with more.
An adobe renaissance
For thousands of years, civilizations around the world have built houses out of earth – whether it be mud brick, wattle and dab or rammed earth. But adobe (the practice of making mudbricks) has now become today's "it" building material, from museums around the world designed using adobe, to do-it-yourselfers constructing homes from the very dirt beneath their feet. Correspondent Conor Knighton looks at the history of adobe, and how ancient adobe materials are being merged with 3-D printing techniques.
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.
Atlanta residents report Waymo traffic jams
Atlanta residents say they're waking up to traffic jams of self-driving Waymo vehicles confused by neighborhood signage.
Waymos get in Atlanta traffic jam
Atlanta residents woke up to Waymo traffic jams on Friday. The driverless cars took over a quiet cul-de-sac. Skyler Henry has more details.
Science
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El Niño could bring "double whammy" of high tide flooding, NOAA warns
The upcoming El Niño could trigger frequent and widespread flooding in coastal areas around the United States, even when storms aren't actively taking place, scientists warn.
New dinosaur weighing as much as 9 elephants identified by scientists
The long-necked herbivore is the largest ever found in Southeast Asia, researchers said.
How a growing El Niño will affect 2026 hurricane season in Atlantic, Pacific
The last time an El Niño pattern occurred was in 2023, when the Eastern Pacific hurricane season produced 20 tropical systems.
NASA spacecraft to fly past Mars on voyage to rare metal asteroid
NASA's Psyche spacecraft will slingshot past Mars on Friday, on its way toward a rare metal-rich asteroid.
Emperor penguins in focus as Antarctica talks start in Japan
Greater protections for endangered emperor penguins and how to manage growing tourism are topping the agenda at talks on Antarctica in Japan.
Crime
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Crime
Judge rules on evidence in Mangione trial
New York Judge Gregory Carro ruled Monday that a gun and notebook found in the search of Luigi Mangione's possessions can be used as evidence in his state murder trial. CBS News' Lilia Luciano has the latest.
Teens arrested after Texas shootings
Three people are in custody after a string of shootings in Austin, Texas. CBS News' Ian Lee reports.
Judge rules on Mangione backpack evidence
A New York judge ruled Monday that certain evidence from Luigi Mangione's backpack can be used in his state trial for the alleged murder of UnitedHealthcare CEO Brian Thompson. CBS News' Lilia Luciano has the latest.
Luigi Mangione in court for state case
Luigi Mangione, the man accused of killing UnitedHealthcare CEO Brian Thompson, is appearing in court Monday for a hearing on his New York state case. CBS News' Katrina Kaufman reports.
What's next for Alex Murdaugh's case?
After the South Carolina Supreme Court overturned Alex Murdaugh's murder convictions, his lawyers are set to hold a press conference Monday to discuss new developments in the case. Meanwhile, prosecutors say they may seek the death penalty in a retrial.
Space
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SpaceX launches cargo ship to International Space Station
The International Space Station-bound SpaceX Cargo Dragon is loaded with 6,500 pounds of needed equipment, research gear and crew supplies.
NASA maps show Earth's brightest and darkest regions at night
Researchers expected to find "a gradual increase in artificial light at night," but instead saw "much more nuanced patterns," NASA said.
NASA spacecraft to fly past Mars on voyage to rare metal asteroid
NASA's Psyche spacecraft will slingshot past Mars on Friday, on its way toward a rare metal-rich asteroid.
UFO files reveal astronauts saw mysterious objects and lights in 1972
NASA's Apollo 17 crew reported seeing three mysterious dots and sparks that resembled fireworks, according to new files released by the Pentagon.
Pentagon begins releasing UFO files: "It's time the American people see"
Defense Secretary Pete Hegseth said in a statement that the documents "have long fueled justified speculation — and it's time the American people see it for themselves."
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
Jury to start deliberations in OpenAI trial
A nine-person jury will begin deliberations Monday in Elon Musk's $150 billion civil lawsuit against OpenAI CEO Sam Altman. Rachel Metz, artificial intelligence reporter for Bloomberg, joins with more.
Where things stand between the U.S. and Iran
President Trump has ramped up his warnings against Iran as the Strait of Hormuz remains mostly closed. CBS News national security analyst Aaron MacLean has the latest.
Trump, DOJ settle $10 billion lawsuit
President Trump and the Justice Department reached a settlement Monday in his $10 billion lawsuit against the IRS and Treasury Department over his leaked tax returns. CBS News' Jake Rosen has more.
Eye Opener: Extreme weather impacts millions
Storms rip across parts of the Midwest, spawning more than a dozen powerful tornadoes. Plus, two fighter jets collide at an air show in Idaho. All that and all that matters in today's Eye Opener.
"Dear David": Celebrating our pets
In this week's "Beg-Knows America," CBS News contributor David Begnaud shares two inspiring stories of everyday Americans: a former journalist founded an organization to help pet owners grieve their loss and a retiring meteorologist is celebrated for helping shelter animals get adopted.