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 Cards
Tips for raising your credit score
"CBS Saturday Morning" dives into ways people can raise and maintain their credit score.
Luna pushes for bill capping credit card rates
Earlier this month, President Trump ordered banks to lower credit card interest rates to 10%. Nothing has happened because legislation is required. Republican Rep. Anna Paulina Luna of Florida joined CBS News to discuss her bill with Democratic Rep. Alexandria Ocasio-Cortez that would codify the 10% cap.
Trump pushes credit card interest rates cap
President Trump is pushing for a 10% interest rate cap for credit cards. CBS News' Jill Schlesinger breaks down the implications.
Bilt offers credit cards with 10% APR after Trump proposes interest cap
FIntech company Bilt pounced on the opportunity to roll out low-APR credi cards, as big banks push back on proposed rate cap.
What Trump's 10% credit card rate cap would mean for consumers
Capping credit card interest rates at 10% could save consumers billions of dollars, but potentially hurt lower-income Americans, experts said.
Possible impacts from 10% credit card rate cap
The Dow Jones fell nearly 400 points on Tuesday as traders reacted to President Trump's proposal to cap credit card interest rates at 10% for one year. Kristin Myers, ETF editor-in-chief at Asset TV, joins to discuss how the plan could impact borrowers if implemented.
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.
Trump urges credit card companies to slash interest rates to 10% for one year
President Trump called for a one-year cap on credit card interest rates late Friday, an idea that has drawn strong support from lawmakers in both parties but pushback from card issuers.
1/24: CBS Morning News
Trump to visit disaster areas in North Carolina, Southern California; Record-high number of U.S. credit card users only making minimum monthly payments.
What's open and closed on Thanksgiving? Here's what to know.
Shoppers will need to plan ahead as some grocery stores and retailers will be closed on Thanksgiving or have reduced hours.
Visa, Mastercard settlement could impact fees
A new settlement reached between Visa and Mastercard and retailers aims to slowly lower interchange fees, which are bank fees paid by merchants to process credit cards. CBS News business contributor Javier David breaks it down.
LendingTree founder and CEO Doug Lebda dies in ATV accident
Doug Lebda died on Sunday in an all-terrain vehicle accident, according to LendingTree.
The upsides and risks of "buy now, pay later"
More Americans are opting into "buy now, pay later" services when shopping. Ted Rossman, senior industry analyst at Bankrate, joins "The Takeout" to discuss the option.
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.
How parents are helping their young kids build credit scores
A mom of two young children told "CBS Mornings" how she's teaching her kids about financial responsibility while building their credit.
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.
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.
Last-minute holiday gift ideas
The days are winding down for you to get those holiday gifts. Jordyn Holman, business reporter for The New York Times, joins CBS News with some options you have in these final few days.
How to educate your kids about finances
Mellody Hobson, the co-CEO and president of Ariel Investments, discusses why it's important to talk with kids about money and how her childhood experiences helped shape her views.
Why DOJ says Visa monopolizes debit cards
The Justice Department sued Visa on Tuesday, accusing the credit card business of reaping big profits by shutting out rival payment processors and passing on costs to consumers. CBS News legal contributor Jessica Levinson joins to unpack the antitrust allegations and what they could mean for the credit giant.
Visa monopoly over debit cards hurts consumers and businesses, feds say
Visa exploits its market dominance to stifle competition, costing consumers and merchants billions in extra fees, feds allege in a lawsuit.
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.
Looking to save money? Try using cash for these 3 purchases.
With credit card debt reaching a record high, consumers looking to save a few bucks should reacquaint themselves with the virtues of cold, hard cash.
Live
Iran says U.S. violating ceasefire as Trump seeks "good deal or no deal"
As Iran accuses the U.S. of a "grave violation" of the fragile ceasefire, Rubio says a deal is still possible despite the latest clash.
Deaths reported after chemical tank implodes at Washington mill
Nippon Dynawave Packaging Co. and local law enforcement said the tank's rupture caused "multiple critical injuries" as well as fatalities.
Exclusive
DHS memo directs ICE to ramp up asylum-related fraud cases
A top DHS official directed ICE attorneys to aggressively pursue administrative fraud cases against immigration lawyers accused of filing false asylum claims.
Infrared camera on sailboat may hold clues in Lynette Hooker investigation
CBS News has learned the sailboat used by Brian and Lynette Hooker before her disappearance in the Bahamas had an infrared camera capable of detecting heat radiation.
Court blocks Alabama congressional map, saying state discriminated by race
The three-judge district court panel ordered Alabama to use a congressional map with two majority-Black districts in the upcoming midterm elections.
Here's what to watch for in the Texas primary runoff election today
Sen. John Cornyn is facing off against Texas Attorney General Ken Paxton, who received President Trump's endorsement.
South Carolina Senate rejects Trump's call to redraw congressional map
The South Carolina Senate has rejected President Trump's push to redraw the state's congressional districts in hopes Republicans could gain an extra seat.
Trump administration proposes NDAs for all federal employees to curb leaks
The Trump administration plans to crack down on press leaks by requiring new and existing federal employees to sign NDAs.
Here's what the draft memo for a proposed deal with Iran includes
A draft memorandum includes a 60-day ceasefire extension and the halt of fighting on all fronts, sources say.
U.S.
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2 Navy pilots safely eject after training jet crashes in Mississippi
The T-45C Goshawk, a tandem seat aircraft designed to train Navy and Marine Corps pilots, crashed on private farmland in Noxubee County, Mississippi.
NASA's moon base plans include landers, buggies and drones for 2028 mission
Jeff Bezos' Blue Origin, Astrolab, Lunar Outpost and Firefly Aerospace are awarded with hundreds of millions of dollars in NASA contracts for the first phase of its moon base plans.
BP ousts recently appointed chair over "conduct issues"
The board upheaval comes less than a year after BP appointed Albert Manifold to the role.
Meet the 2026 World Cup U.S. Men's National Team
The squad was announced during an event in New York City on Tuesday after U.S. Men's National Team manager Mauricio Pochettino spent months evaluating players to finalize the roster.
Kevin Warsh is now leading the Fed. His main challenge is a doozy.
Warsh is taking over as Fed chair as the U.S. faces the hottest inflation in years, impeding the interest rate cuts that President Trump has demanded.
MoneyWatch
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BP ousts recently appointed chair over "conduct issues"
The board upheaval comes less than a year after BP appointed Albert Manifold to the role.
Kevin Warsh is now leading the Fed. His main challenge is a doozy.
Warsh is taking over as Fed chair as the U.S. faces the hottest inflation in years, impeding the interest rate cuts that President Trump has demanded.
Sponsored
Planning to start your own business? Consider these key tips.
Launching a business can be thrilling, but it pays to plan ahead to maximize your chances of success. Here's what to consider (sponsored by AT&T).
Stocks mixed as investors shrug off renewed fighting in Iran
Oil prices were also mixed after U.S. strikes on Iranian forces, underscoring the risks still hanging over markets and consumers.
Mango clothing chain founder Isak Andic's son denies killing him
Jonathan Andic, son of the Mango clothing empire's founder, has denied the accusation that he murdered his father.
Politics
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SPLC seeks dismissal of criminal charges, saying prosecution is vindictive
The Southern Poverty Law Center asked a federal judge to dismiss the criminal charges filed against it by the Justice Department, saying the indictment represents a "top-down, retributive campaign" directed by President Trump.
Kevin Warsh is now leading the Fed. His main challenge is a doozy.
Warsh is taking over as Fed chair as the U.S. faces the hottest inflation in years, impeding the interest rate cuts that President Trump has demanded.
Trump administration proposes NDAs for all federal employees to curb leaks
The Trump administration plans to crack down on press leaks by requiring new and existing federal employees to sign NDAs.
South Carolina Senate rejects Trump's call to redraw congressional map
The South Carolina Senate has rejected President Trump's push to redraw the state's congressional districts in hopes Republicans could gain an extra seat.
Supreme Court rejects Florida suit against other states over immigrant truck drivers
Florida sought to sue Washington and California for allegedly issuing commercial driver's licenses to undocumented immigrants.
HealthWatch
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HealthWatch
Trump has third medical exam of the past year
President Trump said his health "checked out perfectly" after a medical checkup on Tuesday. Nancy Cordes reports.
Second Ebola treatment center set on fire in epicenter of disease's outbreak
Angry residents of a town at the epicenter of the Ebola outbreak in eastern Congo attacked and burned a tent that was part of a health center where people are being treated for the virus.
The latest details on the Ebola outbreak
Officials have increased the number of countries in Africa at risk for Ebola from three to 10. A third entry point is open for Americans traveling from certain high-risk countries back into the U.S. Holly Williams reports.
What to know about the chemical tank in California that forced evacuations
The tank at GKN Aerospace is estimated to contain 7,000 gallons of methyl methacrylate, a volatile chemical used to produce plastics.
Ebola kills 3 Red Cross workers in the Congo, organization says
The three workers, who fell ill in March and died in May, were "among the first known victims of the outbreak," the Red Cross said.
World
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U.S.-wanted nephew of drug lord "El Chapo" is captured in Mexico
The nephew of notorious Mexican drug lord Joaquin "El Chapo" Guzman is sought by U.S. authorities, officials said.
Trump moves Cabinet meeting from Camp David to White House due to weather
All Cabinet members, including outgoing Director of National Intelligence Tulsi Gabbard, were expected to attend the Camp David meeting, a White House official told CBS News.
Iran hangs man over alleged spying for Israel as executions mount
Iran's judiciary described Gholamreza Khani Shakarab as "one of the operational ringleaders of Mossad abroad."
Mango clothing chain founder Isak Andic's son denies killing him
Jonathan Andic, son of the Mango clothing empire's founder, has denied the accusation that he murdered his father.
Live
Iran says U.S. violating ceasefire as Trump seeks "good deal or no deal"
As Iran accuses the U.S. of a "grave violation" of the fragile ceasefire, Rubio says a deal is still possible despite the latest clash.
Entertainment
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Entertainment
Estelle on her latest album "Stay Alta"
Grammy Award-winning artist Estelle released her sixth studio album, titled "Stay Alta," and joins CBS News 24/7 Mornings to reflect on her career and discuss what this record means for her.
Josh Johnson on new special, career in comedy
Comedian Josh Johnson talks with "CBS Mornings" about finding humor in everyday life, how storytelling is at the center of his jokes and his first HBO special, "Symphony."
BTS wins big at the American Music Awards
The American Music Awards honored the influence of K-pop during its 2026 celebration. Pop music journalist Brittany Spanos joins CBS News Mornings with more.
Top moments from the American Music Awards
There were 12 new categories this year at the American Music Awards, which were held on Memorial Day. For the second time at the awards show, BTS took home the night's biggest prize.
Extended interview: Josh Johnson
Comedian Josh Johnson talks to CBS News' Vladimir Duthiers about his journey from becoming a writer to a correspondent and host on "The Daily Show," his new special, "Josh Johnson: Symphony" on HBO Max, how his family influenced his comedy and more.
Technology
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Technology
Study evaluates AI's accuracy on news
More than 1 billion people worldwide use artificial intelligence chatbots, but just how accurate are the answers? Forum AI released results from its latest study to determine the accuracy of chatbots in news and current events. Robbie Goldfarb, co-founder of Forum AI, joins CBS News to discuss.
How the U.S. military is using AI in warfare
CBS News' Chris Livesay gets an inside look at how the U.S. military is using artificial intelligence on the battlefield.
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.
Pope Leo's AI warning rocks tech industry
Pope Leo XIV warns of the dangers of artificial intelligence in his first encyclical. CBS News' Chris Livesay reports.
Pope Leo calls for "disarming" of AI in technology-focused encyclical
In his "Magnifica Humanitas" encyclical, Pope Leo warns that as civilization grapples with the power of AI, the main challenge is remaining "profoundly human."
Science
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New species of blue octopus discovered 5,900 feet underwater
The new species, named Microeledone galapagensis, has a blue hue, which is believed to be the rarest color in nature.
What we know about new UFO file release
The Pentagon has released another batch of never-before-seen files on reported UFO sightings. CBS News senior national security correspondent Charlie D'Agata reports.
Atlantic hurricane season is coming up. Here's what NOAA predicts.
The 2026 Atlantic hurricane season is quickly approaching, and the National Oceanic and Atmospheric Administration is releasing its forecast for what to expect.
2 humpback whales swam record-breaking distance, photos reveal
The pictures represent the longest-distance ever seen between two pictures of the same humpback whale, researchers said.
Live chicks hatched from artificial eggshell, biotech company says
Independent scientists say the technology, while impressive, lacks some components to be truly considered an artificial egg.
Crime
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U.S.-wanted nephew of drug lord "El Chapo" is captured in Mexico
The nephew of notorious Mexican drug lord Joaquin "El Chapo" Guzman is sought by U.S. authorities, officials said.
Mango clothing chain founder Isak Andic's son denies killing him
Jonathan Andic, son of the Mango clothing empire's founder, has denied the accusation that he murdered his father.
Wander Franco found criminally responsible for abusing minor, avoids jail time
A Dominican judge has ruled that Tampa Bay Rays shortstop Wander Franco is criminally responsible for the sexual and psychological abuse of a minor but will not serve a sentence.
Latest on shooting near White House
21-year-old Nasire Best, the suspect linked to a shooting near the White House on Saturday, previously tried to gain access to the White House and may have had mental health issues, according to law enforcement sources and court documents. CBS News' Nicole Sganga reports.
Suspects wanted by FBI for robbing athletes' homes arrested in Chile
The thieves stole jewelry, high-end watches and souvenirs such as sports jerseys, among other belongings, police said.
Space
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NASA's moon base plans include landers, buggies and drones for 2028 mission
Jeff Bezos' Blue Origin, Astrolab, Lunar Outpost and Firefly Aerospace are awarded with hundreds of millions of dollars in NASA contracts for the first phase of its moon base plans.
China launches spacecraft with astronaut set to remain in space for a year
China has launched the Shenzhou 23 spacecraft with three astronauts heading to its space station.
SpaceX launches more powerful Super Heavy-Starship rocket
Perfecting SpaceX's mammoth rocket will be critical to NASA's plans for returning astronauts to the surface of the moon.
SpaceX launch of more powerful Super Heavy-Starship rocket scrubbed at last minute
The new rocket features a host of upgrades intended to improve safety and performance of the world's most powerful rocket.
SpaceX to explore "the true nature of the universe" as it plans IPO
Elon Musk's SpaceX is moving ahead with plans to go public in what some expect will be the biggest IPO ever.
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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
National impact of Texas Cornyn-Paxton race
Republican voters in Texas are casting their ballots in the most expensive Senate primary on record between John Cornyn and Ken Paxton. CBS News' Anthony Salvanto breaks down the numbers of the race and its impact nationwide.
Lead diver in Laos rescue mission speaks out
Rescuers in Laos are risking their lives to save seven missing miners. Officials say the artisanal gold miners became trapped seven days ago, when early monsoon rains hit southern Asia, flooding the tunnel. Matt Gutman reports.
Examining past Ebola outbreaks
The World Health Organization warned that the spread of the Ebola outbreak is outpacing efforts to contain it. "The Daily Report" examines past outbreaks and containment efforts. CBS News medical correspondent Dr. Céline Gounder has more on the current outbreak.
Iran vows retaliation after U.S. strikes
The ceasefire with Iran, nearly 50 days old, seemed less like a ceasefire this week, with new U.S. airstrikes, renewed threats from Tehran and President Trump set to huddle with top advisers on Wednesday. Imtiaz Tyab reports on the latest developments from Tel Aviv.
Construction begins for UFC White House fight
Construction is underway at the White House for a UFC cage match on President Trump's birthday in June. Political strategists Kendra Barkoff Lamy and Terry Sullivan join to discuss.